O'Reilly on Data

JULY 28, 2020

Without clarity in metrics, it’s impossible to do meaningful experimentation. Identifying the problem. The first step in building an AI solution is identifying the problem you want to solve, which includes defining the metrics that will demonstrate whether you’ve succeeded. The worst case scenario is when a business doesn’t have any metrics.

Marketing 362

Marketing Experimentation Metrics Testing 362

CIO Business Intelligence

FEBRUARY 16, 2024

For most organizations, a shift to the cloud brings scalability, access to innovative tools, and the possibility of cost savings. When you’re introducing many new applications, the ease of getting them up and running and lowered costs [on the cloud] is tremendously beneficial,” he says. An early partner of Amazon, the Roseburg, N.J.-based

Digital Transformation 116

Digital Transformation Experimentation Cost-Benefit Machine Learning 116

CIO Business Intelligence

OCTOBER 5, 2023

Sandeep Davé knows the value of experimentation as well as anyone. Davé and his team’s achievements in AI are due in large part to creating opportunities for experimentation — and ensuring those experiments align with CBRE’s business strategy. Let’s start with the models. And those experiments have paid off.

Experimentation 130

Experimentation Strategy Machine Learning Interactive 130

Ontotext

NOVEMBER 2, 2023

It can be accomplished at a fraction of the cost of what organizations spend each year supporting the vast industry of data integration workarounds. However, it will take effort to formalize a shared semantic model that can be mapped to data assets, and turn unstructured data into a format that can be mined for insight.

IT 69

IT Cost-Benefit Data-driven Technology 69

CIO Business Intelligence

FEBRUARY 1, 2024

Experimentation with and deployment of generative AI needs to be thought of as a learning experience. Avanade is a proud sponsor at HIMSS24 and will be exploring approaches for choosing initial use cases and modeling the costs and benefits that GenAI can deliver. Click here to register.

Experimentation 115

Experimentation Forecasting Measurement Cost-Benefit 115

CIO Business Intelligence

MARCH 12, 2024

But early returns indicate the technology can provide benefits for the process of creating and enhancing applications, with caveats. Software and coding development remain a high-value area for experimentation, in addition to content development and knowledge management, in an effort to boost operational efficiencies,” he says.

Software 131

Software Experimentation Testing Cost-Benefit 131

CIO Business Intelligence

FEBRUARY 8, 2024

People across industries envisioned AI as being the fuel for thousands of hours of time saved, replacing jobs to reduce costs, and unlocking innovation at a scale we have never before seen. AIs are more than the base knowledge or underlying “data” layer of the LLM or its “experience” layer.

Cost-Benefit 119

Cost-Benefit Experimentation Interactive Risk 119

Cloudera

OCTOBER 18, 2023

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.

Cost-Benefit 80

Cost-Benefit Testing Machine Learning Optimization 80

CIO Business Intelligence

JUNE 28, 2023

Belcorp operates under a direct sales model in 14 countries. As Belcorp considered the difficulties it faced, the R&D division noted it could significantly expedite time-to-market and increase productivity in its product development process if it could shorten the timeframes of the experimental and testing phases in the R&D labs.

Digital Transformation 105

Digital Transformation Cost-Benefit Informatics Data mining 105

Cloudera

OCTOBER 4, 2023

We can also increase effectiveness of preventative maintenance — or move to predictive maintenance — of equipment, reducing the cost of downtime without wasting any value from healthy equipment. With this, we can reduce customer churn and overall network operational costs. Don’t blink — or you’ll miss it!

Data Warehouse 90

Data Warehouse Experimentation Cost-Benefit Dashboards 90

CIO Business Intelligence

DECEMBER 6, 2023

The migration, still in its early stages, is being designed to benefit from the learned efficiencies, proven sustainability strategies, and advances in data and analytics on the AWS platform over the past decade. Historically, we’ve been more multicloud or hybrid cloud, with private services as well,” says Claire Dickson, DS Smith’s CIO.

Manufacturing 97

Manufacturing Data Lake Digital Transformation Machine Learning 97

CIO Business Intelligence

DECEMBER 19, 2023

Meanwhile, CIOs must still reduce technical debt, modernize applications, and get cloud costs under control. Many technology investments are merely transitionary, taking something done today and upgrading it to a better capability without necessarily transforming the business or operating model.

Digital Transformation 143

Digital Transformation Unstructured Data Machine Learning Risk Management 143

Cloudera

JANUARY 28, 2022

Customers vary widely on the topic of public cloud – what data sources, what use cases are right for public cloud deployments – beyond sandbox, experimentation efforts. Private cloud continues to gain traction with firms realizing the benefits of greater flexibility and dynamic scalability. Cost Management.

Slice and Dice 116

Slice and Dice Cost-Benefit Risk Data Governance 116

CIO Business Intelligence

DECEMBER 29, 2023

The most pressing responsibilities for CIOs in 2024 will include security, cost containment, and cultivating a data-first mindset.” Building and deploying intelligent automation CIOs will need to operate more efficiently by accelerating the benefits of automation.

Cost-Benefit 139

Cost-Benefit Digital Transformation Consulting Strategy 139

CIO Business Intelligence

NOVEMBER 13, 2023

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.

Digital Transformation 143

Digital Transformation Cost-Benefit Experimentation Measurement 143

Smart Data Collective

OCTOBER 13, 2022

These patterns could then be used as the basis for additional experimentation by scientists or engineers. The technique is helping product design firm Seattle reduce costs and improve the quality of its products. Though AI has many benefits in product R&D, it has some limitations in application. Generative Design.

Testing 115

Testing Cost-Benefit Experimentation Optimization 115

IBM Big Data Hub

DECEMBER 5, 2023

With the rise of highly personalized online shopping, direct-to-consumer models, and delivery services, generative AI can help retailers further unlock a host of benefits that can improve customer care, talent transformation and the performance of their applications. trillion on retail businesses through 2029.

Unstructured Data 95

Unstructured Data Cost-Benefit Experimentation Machine Learning 95

CIO Business Intelligence

APRIL 2, 2024

HBR’s “ The Value of Digital Transformation ” reports, “While 89% of large companies globally have a digital and AI transformation underway, they have only captured 31% of the expected revenue lift and 25% of expected cost savings from the effort.” While the CIO sees the big picture, their peers need to know how the change will benefit them.”

Management 140

Management Digital Transformation Testing Experimentation 140

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. Imagine a self-driving car piloted by an AGI. It might suggest a restaurant based on preferences and current popularity.

Cost-Benefit 96

Cost-Benefit Modeling Manufacturing Interactive 96

Ontotext

MAY 31, 2023

The link prediction models are based on the so-called Knowledge Graph Embeddings, which relying on knowledge graph technology. With the help of link prediction models, the graph can be enriched with new information, which is otherwise inaccessible to scientists. What are the benefits of Ontotext’s method? How does it work?

Experimentation 52

Experimentation Cost-Benefit Predictive Modeling Risk 52

IBM Big Data Hub

NOVEMBER 3, 2023

Moreover, costs are always an important consideration: businesses can’t afford to invest in every possible opportunity without evidence of added value. This is why it’s important to empower more business professionals to benefit from events. We’ve seen them get stuck all-together due to costs and skills constrains.

Cost-Benefit 78

Cost-Benefit Experimentation Testing Digital Transformation 78

AWS Big Data

JANUARY 9, 2024

Traditional lexical search, based on term frequency models like BM25, is widely used and effective for many search applications. Semantic search In semantic search, the search engine uses an ML model to encode text or other media (such as images and videos) from the source documents as a dense vector in a high-dimensional vector space.

Cost-Benefit 88

Cost-Benefit Visualization Modeling Machine Learning 88

Corinium

JUNE 6, 2019

For instance, for a variety of reasons, in the short term, CDAOS are challenged with quantifying the benefits of analytics’ investments. Also, design thinking should play a large role in analytics in terms of how it will benefit the organization and exactly how people will react to and adopt the resulting insights. It is fast and slow.

Insurance 250

Insurance Analytics Forecasting Deep Learning 250

CIO Business Intelligence

OCTOBER 1, 2022

The partners say they will create the future of digital manufacturing by leveraging the industrial internet of things (IIoT), digital twin , data, and AI to bring products to consumers faster and increase customer satisfaction, all while improving productivity and reducing costs. Smart manufacturing at scale is a challenge.

Manufacturing 145

Manufacturing Digital Transformation IoT Internet of Things 145

Jedox

SEPTEMBER 11, 2019

Experimental” Technology. Is AI truly experimental technology? Just a few years ago, you had to purchase expensive hardware and software and hire a data scientist to build a model that today is most likely available “out of the box.” The earlier you start, the more benefit your organization will be able to obtain.

Forecasting 59

Forecasting Experimentation Sales Unstructured Data 59

CIO Business Intelligence

AUGUST 17, 2023

We’ve been shortlisting and building out potential proof-of-concept options and modelling revenue impact and already taken one concept through our innovation lab and into live production.” Generative AI is a key part of our business strategy, facilitating growth with AI-enabled processes already live in production,” he says.

Risk 98

Risk Cost-Benefit Strategy Experimentation 98

Occam's Razor

MAY 22, 2006

This post is a primer on the delightful world of testing and experimentation (A/B, Multivariate, and a new term from me: Experience Testing). Experimentation and testing help us figure out we are wrong, quickly and repeatedly and if you think about it that is a great thing for our customers, and for our employers.

Experimentation 103

Experimentation Testing Optimization Measurement 103

Cloudera

JANUARY 30, 2019

Data scientists require on-demand access to data, powerful processing infrastructure, and multiple tools and libraries for development and experimentation. To move beyond laptop experimentation to impacting the business, data teams also need seamless sharing and native integration with the production data platform. Sound familiar?

Data Science 76

Data Science Machine Learning Experimentation Cost-Benefit 76

Sisense

MARCH 26, 2021

Companies surveyed by Harvard Business Review Analytic Services (HBR) report that two of the most important strategic benefits of using data analytics are (1) identifying new revenue and business models and (2) becoming more innovative. Newly published research shows that companies aren’t getting the most out of their analytics.

Analytics 98

Analytics Data-driven Dashboards Experimentation 98

CIO Business Intelligence

JULY 31, 2023

How has, say, ChatGPT hit your business model?” Some are expecting cost savings using this technology, but there’s also the expectation that they’ll find ways to incorporate this technology [into their company’s products] to strengthen their offerings,” Carmichael adds. Staff are already asking, ‘Should I use this tool?

Strategy 98

Strategy Risk Enterprise Risk Management 98

Insight

MARCH 27, 2019

The main benefits and features of DeepAugment are: Reduces the error rate of CNN models (showed 60% decrease in error for CIFAR10 on WRN-28–10) Saves time by automating the process 50 times faster than Google’s previous solution– AutoAugment The finished package is on PyPI. DeepAugment is an AutoML tool focusing on data augmentation.

Optimization 75

Optimization Cost-Benefit Modeling Strategy 75

CIO Business Intelligence

MAY 1, 2024

Gen AI takes us from single-use models of machine learning (ML) to AI tools that promise to be a platform with uses in many areas, but you still need to validate they’re appropriate for the problems you want solved, and that your users know how to use gen AI effectively. Pilots can offer value beyond just experimentation, of course.

Cost-Benefit 143

Cost-Benefit Metrics Insurance Measurement 143

Smarten

NOVEMBER 3, 2017

The benefit of auto-suggestion and auto-recommendation is easy to understand. The concept of Advanced Data Discovery allows business users to leverage advanced analytics and helps the organization to create Citizen Data Scientists.

Analytics 40

Analytics Visualization Experimentation Cost-Benefit 40

CIO Business Intelligence

APRIL 24, 2024

The first use of generative AI in companies tends to be for productivity improvements and cost cutting. But there are only so many costs that can be cut. CIOs are well positioned to cut costs since they’re usually well acquainted with a company’s digital processes, having helped set them up in the first place.

Sales 128

Sales Finance Experimentation Cost-Benefit 128

Occam's Razor

SEPTEMBER 19, 2011

How do you get over the frustration of having done attribution modeling and realizing that it is not even remotely the solution to your challenge of using multiple media channels? We'll measure Revenue, Profit (the money we make less cost of goods sold), Expense (cost of campaign), Net (bottom-line impact). ask for a raise.

Measurement 119

Measurement Advertising Testing Marketing 119

O'Reilly on Data

SEPTEMBER 15, 2020

AI Benefits and Stakeholders. AI is a field where value, in the form of outcomes and their resulting benefits, is created by machines exhibiting the ability to learn and “understand,” and to use the knowledge learned to carry out tasks or achieve goals. AI-generated benefits can be realized by defining and achieving appropriate goals.

Cost-Benefit 293

Cost-Benefit Advertising ROI Machine Learning 293

Occam's Razor

JUNE 4, 2018

By every indicator available, ecommerce is continuing to grow at an insane speed. Although it may seem impossible to imagine with ecommerce already totaling up to 5% of overall commerce, there’s astronomical growth still to come. Still, I’m heartbroken that some the simplest elements of ecommerce stink so much. youarekillingme. Deep breath.

Strategy 124

Strategy Cost-Benefit Testing Sales 124