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

Domino Data Lab

AUGUST 6, 2021

Model Risk Management is about reducing bad consequences of decisions caused by trusting incorrect or misused model outputs. Systematically enabling model development and production deployment at scale entails use of an Enterprise MLOps platform, which addresses the full lifecycle including Model Risk Management.

Risk Management 64

Risk Management Risk Modeling Enterprise 64

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. It is by combining data, human experience, and community that we are able to support developer needs.

Cost-Benefit 119

Cost-Benefit Experimentation Interactive Risk 119

CIO Business Intelligence

NOVEMBER 21, 2023

Set parameters and emphasize collaboration To address one root cause of shadow IT, CIOs must also establish a governance and delivery model for evaluating, procuring, and implementing department technology solutions. People generally want to comply with policies, but being too stringent and creating too much friction often leads to shadow IT.

IT 137

IT Risk Cost-Benefit Risk Management 137

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.

Data Warehouse 83

Data Warehouse Experimentation Cost-Benefit Dashboards 83

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 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 75

Cost-Benefit Testing Machine Learning Optimization 75

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. We’re not giving that data to anybody else, and we’ll be training the generative AI models with our own data sets,” she says.

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

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

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 109

Slice and Dice Cost-Benefit Risk Data Governance 109

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

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

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 113

Testing Cost-Benefit Experimentation Optimization 113

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

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. Our focus is on curating reusable data and AI insights,” she says.

Cost-Benefit 139

Cost-Benefit Digital Transformation Consulting Strategy 139

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 98

Cost-Benefit Modeling Manufacturing Interactive 98

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

CIO Business Intelligence

JANUARY 2, 2024

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

IT Cost-Benefit Statistics Consulting 144

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

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

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.

Insurance 250

Insurance Analytics Forecasting Deep Learning 250

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

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. Counter claims?

Experimentation 103

Experimentation Testing Optimization Measurement 103

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. Data and AI as digital fundamentals. The power of people.

Manufacturing 145

Manufacturing Digital Transformation IoT Internet of Things 145

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.” That said, I believe once these barriers are overcome, benefits-led implementation will be swift.”

Risk 98

Risk Cost-Benefit Strategy Experimentation 98

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 71

Data Science Machine Learning Experimentation Cost-Benefit 71

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

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 140

Cost-Benefit Metrics Insurance Measurement 140

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. “You “How is your business impacted by generative AI?

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

Smarten

NOVEMBER 3, 2017

The benefit of auto-suggestion and auto-recommendation is easy to understand. Empowers business users with access to meaningful data to test theories and hypotheses without the assistance of data scientists or IT staff.

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

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

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). The people.

Measurement 119

Measurement Advertising Testing Marketing 119

DataRobot Blog

MARCH 16, 2023

release, we’ve made it easy for you to rapidly prepare data, engineer new features and subsequently automate model deployment and monitoring into your Snowflake data landscape, all with limited data movement. We’ve tightened the loop between ML data prep , experimentation and testing all the way through to putting models into production.

Modeling 52

Modeling Experimentation Machine Learning Data-driven 52