CIO Business Intelligence

DECEMBER 19, 2023

This year’s technology darling and other machine learning investments have already impacted digital transformation strategies in 2023 , and boards will expect CIOs to update their AI transformation strategies frequently. Meanwhile, CIOs must still reduce technical debt, modernize applications, and get cloud costs under control.

Digital Transformation 139

Digital Transformation Unstructured Data Machine Learning Risk Management 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 137

Digital Transformation Cost-Benefit Experimentation Measurement 137

Smart Data Collective

OCTOBER 13, 2021

AI technology moves innovation forward by boosting tinkering and experimentation, accelerating the innovation process. One of the biggest benefits of AI is that it has led to new breakthroughs in automation. One of the best benefits of AI is that it can help improve the user experience through features like personalization.

Technology 122

Technology Cost-Benefit Experimentation Machine Learning 122

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 76

Cost-Benefit Testing Machine Learning Optimization 76

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

CIO Business Intelligence

NOVEMBER 21, 2023

That’s where an IT strategy that frames shadow IT as an opportunity for improved collaboration can have a profound impact. Communicate clearly and often about policies and their reasons and benefits, create a culture of feedback and collaboration, and be agile and willing to adapt policies as user needs evolve.”

IT 129

IT Risk Cost-Benefit Risk Management 129

O'Reilly on Data

JULY 28, 2020

Without clarity in metrics, it’s impossible to do meaningful experimentation. AI PMs must ensure that experimentation occurs during three phases of the product lifecycle: Phase 1: Concept During the concept phase, it’s important to determine if it’s even possible for an AI product “ intervention ” to move an upstream business metric.

Marketing 362

Marketing Experimentation Metrics Testing 362

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 94

IT Digital Transformation IoT Cost-Benefit 94

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. The impact of these investments will become evident in the coming years.

Unstructured Data 95

Unstructured Data Cost-Benefit Experimentation Machine Learning 95

CIO Business Intelligence

DECEMBER 6, 2023

British multinational packaging giant DS Smith has committed itself to ambitious sustainability goals, and its IT strategy to standardize on a single cloud will be a key enabler. The single-cloud platform strategy will include SaaS partners used for automation of more than 40 enterprise applications, Dickson says.

Manufacturing 76

Manufacturing Data Lake Digital Transformation Machine Learning 76

Ontotext

MAY 31, 2023

What are the benefits of Ontotext’s method? Researchers and medical professionals can benefit from AI-predicted gene-disease prediction in various ways. The traditional approach to identifying new targets involves extensive experimentation and trial-and-error, which is often time-consuming, costly and may not yield desirable results.

Experimentation 52

Experimentation Cost-Benefit Predictive Modeling Risk 52

CIO Business Intelligence

APRIL 2, 2024

Underpinning these initiatives is a slew of technology capabilities and strategies aimed at accelerating delivery cycles, such as establishing product management disciplines, building cloud architectures, developing devops capabilities, and fostering agile cultures.

Management 117

Management Digital Transformation Testing Experimentation 117

Ontotext

JULY 6, 2023

The solution brings many business benefits. Experimentation with different technical analysis services becomes possible. The business benefits here are also significant. The solution brings multiple business benefits like enhanced sanctions screening and additional risk signals for associated entities.

Cost-Benefit 52

Cost-Benefit Metadata Experimentation Risk 52

CIO Business Intelligence

JUNE 28, 2023

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. Follow a value-focused strategy.

Digital Transformation 84

Digital Transformation Cost-Benefit Informatics Data mining 84

Smart Data Collective

JULY 9, 2023

One benefit is that they can help with conversion rate optimization. This article is going to provide some great insights on developing strategies for unlocking additional value from an online business, which can do a lot to boost revenue and catapult the enterprise to new heights. billion on analytics last year.

Optimization 74

Optimization Data Analytics Analytics Data-driven 74

CIO Business Intelligence

DECEMBER 14, 2023

At yet when it is home to many of your company’s assets, as is the case for ConocoPhillips, sometimes the best IT strategy is to bring technologies closer to the edge. Such lead times call for a large physical inventory of replacement parts, which comes with warehousing costs and the ad valorem tax of storage.

Manufacturing 73

Manufacturing Digital Transformation Experimentation Cost-Benefit 73

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

CIO Business Intelligence

AUGUST 17, 2023

Generative AI is a key part of our business strategy, facilitating growth with AI-enabled processes already live in production,” he says. Neil Ward-Dutton, VP, AI and Intelligent Process Automation European Practices at IDC , suggests that generative AI usage is high but business strategy may lag.

Risk 89

Risk Cost-Benefit Strategy Experimentation 89

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. And while there is a great deal of experimentation underway, most organizations have only scratched the surface in a use-case-by-use-case fashion.

IT 69

IT Cost-Benefit Data-driven Technology 69

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. The power of people.

Manufacturing 144

Manufacturing Digital Transformation IoT Internet of Things 144

IBM Big Data Hub

APRIL 18, 2024

While leaders have some reservations about the benefits of current AI, organizations are actively investing in gen AI deployment, significantly increasing budgets, expanding use cases, and transitioning projects from experimentation to production. 46% of survey respondents in 2024 showed a preference for open source models.

Cost-Benefit 95

Cost-Benefit Modeling Manufacturing Interactive 95

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. Guy Levy-Yurista, Sisense Chief Strategy Officer, expresses it even more plainly.

Analytics 98

Analytics Data-driven Dashboards Experimentation 98

AWS Big Data

JANUARY 9, 2024

However, not all customers who have the opportunity to benefit from k-NN have adopted it, due to the significant engineering effort and resources required to do so. This functionality was initially released as experimental in OpenSearch Service version 2.4, and is now generally available with version 2.9.

Cost-Benefit 91

Cost-Benefit Visualization Modeling Machine Learning 91

Domino Data Lab

AUGUST 6, 2021

With a framework and Enterprise MLOps, organizations can manage data science at scale and realize the benefits of Model Risk Management that are received by a wide range of industry verticals. Benefits of Enterprise MLOps and Model Risk Management. There are, however, a variety of other benefits for every model-driven business.

Risk Management 64

Risk Management Risk Modeling Enterprise 64

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 72

Data Science Machine Learning Experimentation Cost-Benefit 72

Alation

SEPTEMBER 28, 2022

However, there is a lot more to know about DataOps, as it has its own definition, principles, benefits, and applications in real-life companies today – which we will cover in this article! DataOps strategies share these common elements: Collaboration among data professionals and business stakeholders. What Is DataOps? Simplicity.

Cost-Benefit 52

Cost-Benefit Data Quality Manufacturing Testing 52

Occam's Razor

JUNE 4, 2018

Present a yummy spreadsheet that quantifies the cost of inaction , how much money you’ll lose by not delivering a 25% improvement every week. Speaking of the Four Seasons, consider how sad their nudging strategy is vs. the one that booking.com has on display: All the data you need for this nudge… You already have. Welcome to Nudging.

Strategy 124

Strategy Cost-Benefit Testing Sales 124

Insight

MARCH 27, 2019

It utilizes Bayesian optimization for discovering data augmentation strategies tailored to your image dataset. Discovering the proper method requires time-consuming experimentation. Effective augmentation strategies are different for each image dataset, and some augmentation techniques may even be detrimental to the model.

Optimization 75

Optimization Cost-Benefit Modeling Strategy 75

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 123

Sales Finance Experimentation Cost-Benefit 123

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

The company truly has a portfolio strategy when it comes to marketing. We'll measure Revenue, Profit (the money we make less cost of goods sold), Expense (cost of campaign), Net (bottom-line impact). What is missing in these numbers is the cost of… well you. A lone intern is your email campaign people cost.

Measurement 119

Measurement Advertising Testing Marketing 119

Occam's Razor

JULY 6, 2016

Lab usability testing and online surveys both provide great strategies to obsess about user centric design. My love for heuristic evaluations is sourced in the fact that they are relatively straightforward, require the best possible cost – almost free -, and rely on you and your team. For a jacket that costs $199 list.

Testing 86

Testing Marketing Experimentation Cost-Benefit 86

CIO Business Intelligence

MARCH 5, 2024

Many other platforms, such as Coveo’s Relative Generative Answering , Quickbase AI , and LaunchDarkly’s Product Experimentation , have embedded virtual assistant capabilities but don’t brand them copilots. Microsoft is heavily investing in AI capabilities and workflow integrations, so CIOs should expect and plan for improved capabilities.

Cost-Benefit 112

Cost-Benefit Advertising Experimentation Software 112

CIO Business Intelligence

APRIL 18, 2022

Organizations that continued full speed ahead with their digital transformation initiatives during the COVID-19 pandemic are able to ruminate on what went right and what they would have done differently, with the benefit of hindsight. Rich Nanda, US strategy and analytics offerings leader, Deloitte Consulting. Deloitte Consulting. “In

Digital Transformation 145

Digital Transformation Dashboards Cost-Benefit Consulting 145

CIO Business Intelligence

OCTOBER 4, 2023

“Generative AI is just more far-reaching than traditional AI or machine learning, so the opportunities for disasters have grown,” says Bret Greenstein, partner and leader of the gen AI go-to-market strategy at PricewaterhouseCoopers. Ballooning costs The most popular gen AI chatbots are free to the public. The hype says how easy it is.

Cost-Benefit 135

Cost-Benefit Manufacturing Machine Learning Experimentation 135

datapine

FEBRUARY 4, 2020

Let’s face it: every serious business that wants to generate leads and revenue needs to have a marketing strategy that will help them in their quest for profit. It is utilized to effectively communicate a company’s marketing strategy, including research, promotional tactics, goals and expected outcomes. How To Write A Marketing Report?

Reporting 280

Reporting Marketing Advertising Metrics 280

CIO Business Intelligence

JUNE 6, 2023

The implication is that while some businesses are cutting costs and many tech companies are announcing layoffs, forward-looking enterprises are investing and collaborating with startups. CIOs should have plans for the upsides and also develop risk mitigation strategies. But CIOs should remain strategic.

Key Performance Indicator 105

Key Performance Indicator Cost-Benefit Enterprise Experimentation 105