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Business Strategies for Deploying Disruptive Tech: Generative AI and ChatGPT

Rocket-Powered Data Science

Third, any commitment to a disruptive technology (including data-intensive and AI implementations) must start with a business strategy. I suggest that the simplest business strategy starts with answering three basic questions: What? encouraging and rewarding) a culture of experimentation across the organization.

Strategy 290
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IT leaders look beyond LLMs for gen AI needs

CIO Business Intelligence

Along with code-generating copilots and text-to-image generators, which leverage a combination of LLMs and diffusion processing, LLMs are at the core of most generative AI experimentation in business today. And the benefits of MakeShift’s use of AI are beginning to multiply.

IT 121
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10 digital transformation roadblocks — and 5 tips for overcoming them

CIO Business Intelligence

Because of this, IT leaders must take a proactive approach to change management , communicating the benefits of digital transformation and providing support and training to employees. Be realistic about the costs of digital transformation and allocate sufficient human capital and financial capital to achieve your goals.

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Accelerating Cost Reduction: AI Making an Impact on Financial Services

Cloudera

And just as financial services experiences its cycles, this time of year I find myself returning to the topic of cost reduction. These cutting-edge technologies provide lower-cost alternatives for discovering efficiencies within financial operations, all while enhancing the quality of services offered.

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7 steps for turning shadow IT into a competitive edge

CIO Business Intelligence

Still, there is a steep divide between rogue and shadow IT, which came under discussion at a recent Coffee with Digital Trailblazers event I hosted. That’s where an IT strategy that frames shadow IT as an opportunity for improved collaboration can have a profound impact.

IT 127
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13 IT resolutions for 2024

CIO Business Intelligence

What benefit does AI serve to that department? Bring the whole organization on the AI journey CIOs also see the need to bring everyone along on that AI journey, something that takes a well-articulated narrative about the benefits AI can bring to those who are and will be impacted by the technology. Statistics can be very misleading.

IT 144
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Success Stories: Applications and Benefits of Knowledge Graphs in Financial Services

Ontotext

M&A events, role changes, etc.) Let’s consider an example about risk and opportunity event detection. So we perform large scale Named Entity Recognition of company, locations and people, and we add some topics/events. The solution brings many business benefits. The business benefits here are also significant.