CIO Business Intelligence

JANUARY 25, 2024

After a year of frenzied experimentation and investment, executives will have to identify truly valid use cases (and ROI) for AI in 2024. Here are three strategies designed to help CIOs and others maximize their return not just on AI, but all essential tech.

ROI 105

ROI Experimentation Sales Finance 105

CIO Business Intelligence

FEBRUARY 16, 2024

Still, ADP’s long-term experimentation with AI also includes use of Microsoft’s OpenAI Service and Databricks’ AI platforms, Nagrath says. We are so early in the game and doing a lot of experimentation. It is hard to have the ROI and know the efficacy of these things,” Nagrath says. “We

Digital Transformation 116

Digital Transformation Experimentation Cost-Benefit Machine Learning 116

CIO Business Intelligence

MAY 23, 2022

The cloud is great for experimentation when data sets are smaller and model complexity is light. Often the burden of platform development can fall on data science and developer teams who know what they need for their projects, but whose skills are better served focusing on experimentation with algorithms instead of systems development.

Experimentation 137

Experimentation Cost-Benefit Data Lake Data Science 137

CIO Business Intelligence

JULY 28, 2023

In addition to bottom-line benefits, employees are often inspired and motivated by innovation – seeking job opportunities that encourage experimentation and embrace new ideas. All of this brings opportunities for organizations to harness the power of AI, and IT leaders should lead the charge in applying it to their business.

IT 98

IT Experimentation Digital Transformation Marketing 98

CIO Business Intelligence

APRIL 11, 2024

We do this through design-thinking workshops, co-development hackathons, prototype construction, experimentations, and eventually the deployment of technologies and solutions in a real-world operational setting throughout various parts of the KAUST community.” Education Industry

Technology 104

Technology Digital Transformation Experimentation Testing 104

CIO Business Intelligence

FEBRUARY 1, 2024

As Don Scheibenreif, distinguished VP analyst at Gartner, put it during a recent symposium : “The era of AI-powered business will lead to unintended consequences without advance planning. Experimentation with and deployment of generative AI needs to be thought of as a learning experience.

Experimentation 115

Experimentation Forecasting Measurement Cost-Benefit 115

CIO Business Intelligence

JANUARY 19, 2024

You should also have experience with pattern detection, experimentation in business optimization techniques, and time-series forecasting. and SAS Text Analytics, Time Series, Experimentation, and Optimization.

Data Science 126

Data Science Machine Learning Predictive Modeling Experimentation 126

CIO Business Intelligence

AUGUST 2, 2023

Interestingly, non-IT leaders were more likely to report actively using generative AI (73%) than IT leaders (59%), suggesting there’s plenty of experimentation going on beyond the purview of the IT department. That leaves just 1% that has either checked out generative AI and dismissed it, or have no plans to use it at all.

Enterprise 98

Enterprise Experimentation Manufacturing Risk 98

CIO Business Intelligence

JUNE 15, 2023

It’s important folks get a chance to interact with these technologies and use them; stopping experimentation is not the answer,” Mills said, noting that it’s also not practical. “AI With familiarity with generative AI being a key factor for its successful adoption, employees must get a chance to test it themselves.

Management 116

Management Experimentation Optimization Enterprise 116

CIO Business Intelligence

NOVEMBER 9, 2023

The pattern for success at learning how to create value safely and responsibly is a mindful culture of experimentation and thoughtful “learning by doing.” BCG found that 52 percent of CEOs agreed with the statement: “We do not fully understand GenAI and actively discourage its use across our organization.”

Experimentation 134

Experimentation Uncertainty Strategy Machine Learning 134

CIO Business Intelligence

NOVEMBER 21, 2023

“Any use case that ranks high in any of these criteria should be managed by the IT department, while the remaining can be delegated to the business units.” The most successful programs go beyond rolling out tools by establishing governance in citizen data science programs while taking steps to reduce data debt.

IT 137

IT Risk Cost-Benefit Risk Management 137

CIO Business Intelligence

APRIL 25, 2023

It’s hard to achieve a deep, experiential understanding of new technology without experimentation. Leaders should define a process for evaluating these AI technology developments early, as well as an infrastructure and environment to support experimentation.

Experimentation 116

Experimentation Enterprise Deep Learning Modeling 116

CIO Business Intelligence

AUGUST 25, 2023

In this conversation with Foundry, Mitali discusses the accelerated importance of technology in healthcare, on enabling healthcare providers with data and why her team isn’t afraid of experimentation. Only then will they venture into experimentation or make bold attempts to foster innovation, for they know that their leader has their back.

Experimentation 98

Experimentation Digital Transformation Technology Measurement 98

CIO Business Intelligence

NOVEMBER 13, 2023

Solutions like Rocket DevOps make it easy for businesses to bring DevSecOps best practices into action, enabling them to pursue experimentation, respond to compliance audits, and adapt to the ever-changing expectations of processes, technology, or experiences.

Experimentation 128

Experimentation Software Data Processing Optimization 128

CIO Business Intelligence

NOVEMBER 15, 2022

Approximately 34% are increasing investment in artificial intelligence (AI) and 24% in hyper-automation as well.

Digital Transformation 143

Digital Transformation Experimentation Risk Metrics 143

CIO Business Intelligence

AUGUST 30, 2023

Such a risk-based capital approach is important as it provides a new experimental push to the organization that may propel it into a new orbit,” says Rabra. While they should give freedom with respect to ideas, experimentation, and processes, costs and timelines should be kept sacrosanct.

Digital Transformation 105

Digital Transformation Experimentation ROI Risk 105

CIO Business Intelligence

APRIL 12, 2024

The use of AI in the retail sector is in the experimental stage, and many retailers have gotten only as far as using AI-powered chatbots on websites, Kodali adds. It’s still difficult, although not impossible, to calculate the return on investment for AI use in retail, she says.

Experimentation 113

Experimentation Sales Digital Transformation Metrics 113

CIO Business Intelligence

FEBRUARY 8, 2024

Keep an eye on Stack Overflow Labs , our hub for innovation and experimentation, for more details as we build out our roadmap and share insights into what is coming next on this new journey. Artificial Intelligence

Cost-Benefit 119

Cost-Benefit Experimentation Interactive Risk 119

CIO Business Intelligence

FEBRUARY 26, 2024

Embedding innovation into an organization often requires a change in mindset — one where experimentation is rewarded, and failed projects are seen as an important part of the learning process. Innovation It’s companies that encourage and reward innovative thinking at every level that see the most success with their AI and digital projects.

Experimentation 126

Experimentation Cost-Benefit Digital Transformation Risk 126

CIO Business Intelligence

DECEMBER 22, 2023

You need the ability to execute at speed and scale, and as you execute fast, you start building an experimental capital for the bank. “There’s a famous saying that says, ‘Vision without execution is hallucination,’” he says. For us, we move fast and you don’t fail. As a bank, you cannot fail.”

Experimentation 98

Experimentation Manufacturing Interactive Software 98

CIO Business Intelligence

AUGUST 4, 2023

What are some of the steps that you are taking to foster a culture of innovation and experimentation amongst the employees and customers, and encourage them to move towards digital transformation in in their work? With this unwavering government support and recognition, it’s a great time to be in this space.

IoT 98

IoT Manufacturing Experimentation Digital Transformation 98

Smarten

MAY 17, 2023

Create a Sandbox Environment If you are in the business of technology, you probably have a robust sandbox environment in which you can use new tools and leverage opportunities with test data to understand the value of tools like Azure OpenAI, GPT 3.x

Digital Transformation 52

Digital Transformation Experimentation Risk Testing 52

CIO Business Intelligence

JUNE 16, 2022

A real-time data technology stack has to shrink this innovation gap for the business. . Analysts and data scientists need flexibility when working with data; experimentation fuels the development of analytics and machine learning models.

IT 135

IT Experimentation IoT Data-driven 135

Smart Data Collective

MAY 20, 2019

Quantitative analysis, experimental analysis, data scaling, automation tools and, of course, general machine learning are all skills that modern data analysts should seek to hone. Basic Business Intelligence Experience is a Must. Communication happens to be a critical soft skill of business intelligence.

Analytics 111

Analytics Machine Learning Business Intelligence Big Data 111

CIO Business Intelligence

FEBRUARY 22, 2024

With the aim to accelerate innovation and transform its digital infrastructures and services, Ferrovial created its Digital Hub to serve as a meeting point where research and experimentation with digital strategies could, for example, provide new sources of income and improve company operations.

IT 105

IT Digital Transformation IoT Cost-Benefit 105

CIO Business Intelligence

SEPTEMBER 6, 2023

The use of AI-generated code is still in an experimental phase for many organizations due to numerous uncertainties such as its impact on security, data privacy, copyright, and more. Best practices and education Currently, there are no established best practices for leveraging AI in software development.

Software 119

Software Experimentation Risk Data Lake 119

CIO Business Intelligence

OCTOBER 9, 2022

The benefits of the experimentation and iterative progression Agile enables are never more apparent than when we’re exploring uncertain and dynamic environments. What kind of employees would such a brand attract? I think you can see the cycle. Finally, let’s not forget the importance of an Agile approach throughout all of this.

Cost-Benefit 142

Cost-Benefit Manufacturing Experimentation Risk 142

CIO Business Intelligence

FEBRUARY 7, 2024

We’ve seen an ongoing iteration of experimentation with a number of promising pilots in production,” he says. “Of course, these technologies must integrate back into the larger architecture, but the IT team can help them with that.” Having unleashed the employee base to experiment with generative AI, Franchetti is beginning to see the impact.

KPI 105

KPI Measurement Experimentation Finance 105

CIO Business Intelligence

APRIL 2, 2024

Joanne Friedman, PhD, CEO, and principal of smart manufacturing at Connektedminds, says orchestrating success in digital transformation requires a symphony of integration across disciplines : “CIOs face the challenge of harmonizing diverse disciplines like design thinking, product management, agile methodologies, and data science experimentation.

Management 138

Management Digital Transformation Testing Experimentation 138

CIO Business Intelligence

JUNE 1, 2023

A transformation in marketing Other research backs up the premise that GAI is having a transformative effect on the role of marketers, who are becoming bolder and more experimental with their martech stacks. Perhaps most tellingly, nearly 2 in 5 had redistributed funds from metaverse projects to AI-related ones.

Marketing 98

Marketing B2B Experimentation Cost-Benefit 98

CIO Business Intelligence

NOVEMBER 7, 2022

Here are several factors to consider: Educate business leaders about their roles in ML projects. Have business leaders defined realistic success criteria and areas of low-risk experimentation? Are they involved in pilots and providing feedback?

Machine Learning 128

Machine Learning Data Science Experimentation IoT 128

CIO Business Intelligence

SEPTEMBER 7, 2023

As Gisolfi said, “We have to balance strict adherence to regulation and compliance guidelines while enabling a safe zone for research and experimentation around new ideas, technologies, fintech industry trends, as wells as process optimization and modernization.”

Experimentation 96

Experimentation Digital Transformation Optimization Testing 96

CIO Business Intelligence

FEBRUARY 21, 2024

We’ve done a lot of experimentation on these adaptive tools that use AI,” says Ventimiglia. Information also goes to the faculty member to let them know if several students struggle with the same topic, so the professor can focus the next lecture on filling the gap. We’re now looking at pilots for gen AI to do more customized messaging.

Recreation/Entertainment 135

Recreation/Entertainment Experimentation Modeling Data-driven 135

CIO Business Intelligence

JULY 3, 2023

According to a recently leaked Google memo, “The barrier to entry for training and experimentation has dropped from the total output of a major research organization to one person, an evening, and a beefy laptop.”

Management 105

Management Experimentation Modeling Enterprise 105

CIO Business Intelligence

NOVEMBER 13, 2023

Foster a culture of innovation: Digital transformation requires innovation and experimentation, and thus a culture for embracing new technologies and ideas. Leaders must clearly define what they want to achieve through digital transformation and how they plan to do it.

Digital Transformation 143

Digital Transformation Cost-Benefit Experimentation Measurement 143

CIO Business Intelligence

JUNE 14, 2023

They should also have experience with pattern detection, experimentation in business, optimization techniques, and time series forecasting.

Big Data 126

Big Data Data Analytics Analytics Predictive Modeling 126

CIO Business Intelligence

DECEMBER 7, 2023

Over the last year, generative AI—a form of artificial intelligence that can compose original text, images, computer code, and other content—has gone from experimental curiosity to a tech revolution that could be one of the biggest business disruptors of our generation.

Insurance 81

Insurance Experimentation Finance Data Governance 81