CIO Business Intelligence

APRIL 30, 2024

AI, including Generative AI (GenAI), has emerged as a transformative technology, revolutionizing how machines learn, create, and adapt. IDC forecast shows that enterprise spending (which includes GenAI software, as well as related infrastructure hardware and IT/business services), is expected to more than double in 2024 and reach $151.1

Forecasting 105

Forecasting Optimization Advertising IoT 105

CIO Business Intelligence

DECEMBER 28, 2023

The generative aspects of ChatGPT almost seemed like magic to many, as these models created new written, audio, and visual content right before their eyes,” says Chris Herringshaw, global CIO of Janus Henderson, the British-American global asset management group. Perhaps the best thing to hope for in 2024 is simplicity.

IT 128

IT Manufacturing Machine Learning IoT 128

CIO Business Intelligence

OCTOBER 25, 2023

What can enterprises learn from these trends, and what future enterprise developments can we expect around generative AI? Between our research and dozens of conversations with customers and partners, there are a number of trends that we can expect to see this year, in 2024, and onward. Deliver top-down visualization and reporting.

Enterprise 133

Enterprise Risk Manufacturing Finance 133

CIO Business Intelligence

APRIL 29, 2024

Employees fearing job loss should take comfort in the 2024 Stanford AI Index Report , which found that while AI is gaining in capability, it can’t match humans in many complex cognitive functions, notes Daniel Barchi, CIO of CommonSpirit Health, a healthcare provider. With gen AI, there’s more enthusiasm.

Experimentation 135

Experimentation Forecasting Risk Consulting 135

CIO Business Intelligence

JANUARY 15, 2024

As they take stock after the year-end frenzy of shopping the holiday season always brings, retail CIOs attending the National Retail Federation’s annual show, NRF 2024, may be wondering how they can improve their IT systems’ performance over the next 12 months. year on year in the first 11 months of 2023, AI or no AI.

Sales 105

Sales Software Forecasting Statistics 105

CIO Business Intelligence

APRIL 25, 2022

Enterprises are betting big on machine learning (ML). According to IDC , 85% of the world’s largest organizations will be using artificial intelligence (AI) — including machine learning (ML), natural language processing (NLP) and pattern recognition — by 2026. So what’s the problem? The problem with ML.

Machine Learning 134

Machine Learning Enterprise Deep Learning Cost-Benefit 134

IBM Big Data Hub

APRIL 22, 2024

With 2024 on track to be the hottest year on record , data and AI can be applied to many areas to help supercharge sustainability efforts. Using AI, business teams can “clean” data, manage through gaps, and report across different frameworks. The world is behind on addressing climate change.

IoT 86

IoT Internet of Things Cost-Benefit Reporting 86

IBM Big Data Hub

APRIL 18, 2024

While these large language model (LLM) technologies might seem like it sometimes, it’s important to understand that they are not the thinking machines promised by science fiction. Most experts categorize it as a powerful, but narrow AI model. A key trend is the adoption of multiple models in production.

Cost-Benefit 97

Cost-Benefit Modeling Manufacturing Interactive 97

CIO Business Intelligence

MARCH 6, 2024

Technology specialist Salesforce reports that more than two-thirds of service professionals believe gen AI will help them serve their customers better, while Forrester expects it to give CX teams a huge boost through 2024. We’re now knocking the ball out the park when it comes to customer satisfaction.”

Interactive 131

Interactive Technology Strategy Consulting 131

Jedox

DECEMBER 28, 2021

According to Gartner, 70% of new financial planning and analysis (FP&A) projects are slated to become extended planning and analysis (xP&A) projects by 2024. According to a recent McKinsey report, automation and AI-based solutions will bring higher productivity, improved business performance, and a greater need for new skill sets.

Digital Transformation 97

Digital Transformation Finance Machine Learning Forecasting 97

CIO Business Intelligence

JANUARY 8, 2024

Cloud optimization is the new initiative in 2024,” says Rajeev Nair, general manager of IT infrastructure and security at Cathay, a major airliner and cargo carrier in the Asia-Pacific region, with headquarters in Hong Kong. Enhanced automation and self-service will also be emphasized as part of the cloud optimization strategy, Nair says.

Optimization 119

Optimization Digital Transformation Cost-Benefit Data Warehouse 119

CIO Business Intelligence

MARCH 30, 2022

For organizations looking to move beyond stale reports, decision intelligence holds promise, giving them the ability to process large amounts of data with a sophisticated mix of tools such as artificial intelligence and machine learning to transform data dashboards and business analytics into more comprehensive decision support platforms.

Machine Learning 144

Machine Learning Testing Risk Data-driven 144

CIO Business Intelligence

MARCH 11, 2024

Nearly half of CIOs and close to a third line-of-business managers have cited AI and machine learning as the most strategically important area of concern this year, according to Foundry’s 2024 State of the CIO Study. Build a maturity roadmap on the overall innovation strategy.

Data-driven 69

Data-driven Strategy ROI Machine Learning 69

DataRobot

JULY 27, 2021

IDC projects that spend on AI technologies will surpass $200 billion by 2024. Our vision of Augmented Intelligence centers around unleashing the full potential of human and machine intelligence. billion models on our cloud platform. Every person must become a data scientist in order to unleash their full potential.

Machine Learning 98

Machine Learning Experimentation Modeling Forecasting 98

CIO Business Intelligence

APRIL 28, 2022

Right from the start, auxmoney leveraged cloud-enabled analytics for its unique risk models and digital processes to further its mission. compounded annual growth from 2019 to 2024. . Analytics models enabled real-time decision making and automation to help the bank stay focused on costumers. 1 in Finland for customer loyalty.

Analytics 98

Analytics Insurance Big Data Uncertainty 98

CIO Business Intelligence

AUGUST 9, 2023

Most CEOs (72%) continue to prioritize digital investments, according to the 2022 CEO Outlook report from KPMG, in part due to concerns about emerging and disruptive technology, a top three risk to organizational growth. Next, “Horizon 2 is about innovating business models.

Digital Transformation 137

Digital Transformation Strategy Data-driven Consulting 137

CIO Business Intelligence

JUNE 13, 2022

Hackenson, for example, says she’s focused on data and has prioritized its use in driving her company’s expanding use of machine learning and artificial intelligence. Other reports confirmed that CIOs are continuing to advance their use of cloud. Others also list data initiatives as a top issue for CIOs.

IT 144

IT Digital Transformation Strategy Internet of Things 144

CIO Business Intelligence

FEBRUARY 14, 2024

Generative AI continues to dominate IT projects for many organizations, with two thirds of business leaders telling a Harris Poll they’ve already deployed generative AI tools internally, and IDC predicting spend on gen AI will more than double in 2024. But the usual laundry list of priorities for IT hasn’t gone away.

IT 143

IT Metadata Data-driven Management 143

CIO Business Intelligence

APRIL 11, 2022

Although centralized data models and architectures, including data lakes and data-center-based warehouses and repositories, may no longer be the leading data strategy, elements of a centralized approach remain a critical part of the mix. IDC estimates that there will be 55.7 over last year. It can also ease data accessibility.

Optimization 52

Optimization Data Lake Data Strategy Internet of Things 52

CIO Business Intelligence

APRIL 16, 2024

I piani industriali 2019-2021 e 2022-2024 sono stati improntati alla trasformazione digitale e sostenibile per portarci verso l’obiettivo della data-driven company”, afferma il CIO di Generalfinance, Stefano Biondini. Quest’anno ha cominciato a entrare in attuazione la Direttiva dell’UE n.

KPI 52

KPI Digital Transformation Data-driven Reporting 52

CIO Business Intelligence

JUNE 6, 2022

Inflation is for most companies an unknown development,” says Rick Villars, group vice president for Worldwide Research at IDC and lead analyst on the firm’s March 2022 report “ IT Spending and Inflation, Enablers of Digital Innovation, and the Increasing Need for IT Financial Accountability. ”. That in turn has CIOs planning to pay more.

IT 138

IT Consulting Digital Transformation Risk 138

DataRobot Blog

MARCH 23, 2023

Difficulties faced when moving models into production include cost and a lack of automation – cited by over 55% of respondents to a recent IDC study. This is why businesses are increasingly investing in machine learning operations (MLOps): IDC predicts by 2024, 60% of enterprises will have operationalized their ML workflows by using MLOps.

Machine Learning 52

Machine Learning Cost-Benefit Modeling Testing 52

CIO Business Intelligence

FEBRUARY 5, 2024

A PwC report, for instance, found that 84% of CIOs expect to use genAI to support a new business model in 2024. We work with a lot of chief data and artificial intelligence officers (CAIOs),” said Thomas Robinson, COO at Domino, “and, at most, they see generative AI accounting for 15% of use cases and models.

Testing 143

Testing Risk Forecasting Data-driven 143

CIO Business Intelligence

FEBRUARY 2, 2024

A PwC report, for instance, found that 84% of CIOs expect to use genAI to support a new business model in 2024. We work with a lot of chief data and artificial intelligence officers (CAIOs),” said Thomas Robinson, COO at Domino, “and, at most, they see generative AI accounting for 15% of use cases and models.

Testing 142

Testing Risk Forecasting Data-driven 142

IBM Big Data Hub

FEBRUARY 8, 2024

The European Parliament reached a provisional agreement on the EU AI Act in December 2023, it is now making its way through the final phases of the legislative process and is expected to rollout in stages in the second half of 2024. Higher risk tiers have more transparency requirements including model evaluation, documentation and reporting.

Risk Management 81

Risk Management Risk Metrics Machine Learning 81

CIO Business Intelligence

MARCH 7, 2023

While digital initiatives and talent are the board directors’ top strategic business priorities in 2023-2024, IT spending is forecasted to grow by only 2.4% Tech companies have laid off over 250 thousand employees since 2022, and 93% of CEOs report preparing for a US recession over the next 12 to 18 months.

Digital Transformation 145

Digital Transformation Data Governance Experimentation Machine Learning 145

CIO Business Intelligence

MARCH 21, 2022

Way back in 1999, his team did a cost-benefit analysis of the free shipping model, which is arguably one of the key drivers of Amazon’s stupendous growth. FP&A has the potential to transform the value proposition, operational model, strategic direction, or even the business model of a company. billion a year.

Data-driven 116

Data-driven IT Finance Forecasting 116

Jedox

NOVEMBER 17, 2022

According to Gartner’s Predicts 2022 report , a majority of organizations will choose integrated financial management tools as their preferred solution towards process automation within the next two years. In a recent PwC report , 86% of those surveyed no longer viewed AI as a foreign technology, but as mainstream. The Case of IFCO.

Finance 77

Finance Cost-Benefit Forecasting Reporting 77

DataRobot Blog

DECEMBER 1, 2022

1 globally by 2024, companies should consider that more marketing does not necessarily lead to more customers acquisition. You may learn that customers who were grouped together using a traditional approach to market segmenting look very different after a machine learning assisted analysis. Automate Feature Engineering.

Machine Learning 52

Machine Learning Marketing Modeling Statistics 52

IBM Big Data Hub

FEBRUARY 19, 2024

Financial benefits include increased revenue through the creation of adjacent industry business models, accessing new markets to establish more revenue streams, and growing existing revenue. from 2024 to 2032. The data platform offers data-enriched data products that use machine learning, deep learning and generative AI.

Cost-Benefit 72

Cost-Benefit Data-driven Optimization Marketing 72

Sisense

AUGUST 21, 2020

AI and machine learning are the future of every industry, especially data and analytics. It was only natural for us here at Sisense to put significant investment into knowledge graphs, NLP, and automated machine learning. Let’s dive into these trends and see what else is on the horizon.

Analytics 112

Analytics Machine Learning Dashboards Visualization 112

IBM Big Data Hub

FEBRUARY 6, 2024

Today, these three cloud architecture models are not mutually exclusive; instead, they work in concert to create a hybrid multicloud—an IT infrastructure model that uses a mix of computing environments (e.g., on-premises, private cloud, public cloud, edge) with public cloud services from more than one provider.

Cost-Benefit 110

Cost-Benefit Digital Transformation Software Modeling 110

Smart Data Collective

JANUARY 14, 2021

That figure is expected to increase by 20% by 2024. The FBI reports that almost $1.2 Predictive analytics models design to fight email-related cyberattacks have evolved considerably. Predictive analytics models design to fight email-related cyberattacks have evolved considerably.

Big Data 103

Big Data Machine Learning Data-driven Predictive Analytics 103

Jen Stirrup

FEBRUARY 24, 2024

Examples include data entry, invoicing, reporting, and more. If the company decides to ‘roll its own’ and create its own AI system, it will need ongoing maintenance, such as monitoring, re-testing, and updating AI models over time (Simplilearn, 2024). Ongoing bias testing is required (Forbes, 2023).

Cost-Benefit 70

Cost-Benefit Data-driven Testing Risk 70

IBM Big Data Hub

JANUARY 30, 2024

billion in 2024, up from $563.6 Multicloud architecture not only empowers businesses to choose a mix of the best cloud products and services to match their business needs, but it also accelerates innovation by supporting game-changing technologies like generative AI and machine learning (ML). to total $678.8 billion in 2023.

Strategy 102

Strategy Cost-Benefit Risk Optimization 102

Jet Global

FEBRUARY 6, 2024

The landscape of business intelligence (BI) is undergoing a metamorphosis, demanding solutions that transcend static reports and siloed data. Logi Symphony’s core now leverages the power of artificial intelligence (AI) and machine learning, propelling you into a realm of instant discovery.

Dashboards 52

Dashboards Visualization Data-driven Reporting 52

CIO Business Intelligence

APRIL 15, 2024

Nimesh Mehta, SVP and chief information and strategy officer, National Life Group National Life Group The 2024 State of CIO research clearly depicts a more prominent, business-centric role for IT leadership. We’re not just doing digitization and AI and machine learning in a piecemeal way,” she adds. “We

Digital Transformation 130

Digital Transformation Strategy Technology Enterprise 130