CIO Business Intelligence

MAY 8, 2024

For Expion Health, a cumbersome manual process to determine what rates to quote to potential new customers had become a cap on the healthcare cost management firm’s ability to grow its business. Now, if the model is drifting away, we get alerted automatically, and we fix it.” In the past, anybody could make a mistake easily.

IT 96

IT Insurance Cost-Benefit Unstructured Data 96

Timo Elliott

FEBRUARY 8, 2023

New cloud platform technologies have unleashed new opportunities for business model innovation. There are already over 1,000 ventilation systems already using the platform, with benefits of up to 40% energy savings (with corresponding cost and CO2 savings, depending on the source energy used).

Modeling 98

Modeling Cost-Benefit Optimization Machine Learning 98

DataRobot Blog

MAY 10, 2022

Addressing the Key Mandates of a Modern Model Risk Management Framework (MRM) When Leveraging Machine Learning . The regulatory guidance presented in these documents laid the foundation for evaluating and managing model risk for financial institutions across the United States.

Risk 64

Risk Modeling Machine Learning Data Quality 64

Cloudera

MARCH 26, 2024

How do you adapt a foundational model to your specific needs? How much is all this really going to cost? Cloudera: Your Trusted Partner in AI With over 25 Exabytes of Data Under Management and hundreds of customers leveraging our platform for Machine Learning, Cloudera has a long and successful history as an industry leader.

Cost-Benefit 86

Cost-Benefit Machine Learning Enterprise Modeling 86

CIO Business Intelligence

MARCH 6, 2024

Multiple attacks on well-known manufacturers have ended with huge expenses, including Austrian aerospace parts maker, FACC AG, which lost $61 million thanks to a phishing scam , and Norsk-Hydro , which was hit by a ransomware attack that cost $75 million. The second business benefit is cost savings.

ROI 121

ROI Manufacturing Cost-Benefit IoT 121

IBM Big Data Hub

MAY 10, 2024

Underpinning most artificial intelligence (AI) deep learning is a subset of machine learning that uses multi-layered neural networks to simulate the complex decision-making power of the human brain. GPUs can rapidly process large datasets and greatly decrease time spent training machine learning models.

Deep Learning 102

Deep Learning Cost-Benefit Manufacturing Optimization 102

Rocket-Powered Data Science

FEBRUARY 15, 2023

While generative AI has been around for several years , the arrival of ChatGPT (a conversational AI tool for all business occasions, built and trained from large language models) has been like a brilliant torch brought into a dark room, illuminating many previously unseen opportunities.

Strategy 290

Strategy Experimentation Uncertainty Machine Learning 290

CIO Business Intelligence

MAY 29, 2024

AI consumes a lot of power, whether it’s training large language models or running inference. Nevertheless, Koushik and many other technologists argue that AI’s benefits far outweigh its ever-growing carbon footprint, which may not be the case for other energy-hungry applications, such as cryptocurrencies.

Cost-Benefit 81

Cost-Benefit Measurement Reporting Modeling 81

CIO Business Intelligence

NOVEMBER 8, 2023

For companies whose business units have traditionally operated independently, centralizing IT operations under one strategy can reap significant benefits — especially when it comes to offering a holistic customer experience and establishing a unified data foundation for leveraging the latest emerging technologies.

IT 113

IT Insurance Machine Learning Cost-Benefit 113

CIO Business Intelligence

MAY 30, 2024

Creating new business models Gen AI is also unique in that it can generate useful business models. Plus, it’s used to speed up procurement analysis and insights into negotiation strategies, and reduce hiring costs with resume screening and automated candidate profile recommendations. AI is the future for us,” says Maffei.

Cost-Benefit 112

Cost-Benefit Sales Modeling Experimentation 112

Smart Data Collective

JUNE 17, 2019

Online retailers are using machine learning solutions to deliver the highest level of service to their customers. They have found that big data makes it easier to personalize services and offer the highest value for the lowest cost. Machine Learning Creates a New Generation of POS Technology for Online Stores.

Machine Learning 84

Machine Learning Software Sales Cost-Benefit 84

Smart Data Collective

APRIL 5, 2022

They are using tools like Amazon SageMaker to take advantage of more powerful machine learning capabilities. Amazon SageMaker is a hardware accelerator platform that uses cloud-based machine learning technology. There are a lot of powerful benefits of offering an incentive-based approach as hardware accelerators.

Cost-Benefit 122

Cost-Benefit Machine Learning Data Science Unstructured Data 122

CIO Business Intelligence

MAY 5, 2023

The combination of CarMax’s revolutionary digital business model applied to the used-car business with revolutionary AI tools available to all makes for powerful and profitable business outcomes. First-mover AI benefits CarMax’s IT leaders and IT staff were experimenting with OpenAI’s GPT-3.x billion overall.

Digital Transformation 145

Digital Transformation Cost-Benefit Business Driver Data Lake 145

CIO Business Intelligence

APRIL 12, 2023

Real-time AI brings together streaming data and machine learning algorithms to make fast and automated decisions; examples include recommendations, fraud detection, security monitoring, and chatbots. How is data, process, and model drift managed for reliability? It isn’t easy.

Machine Learning 136

Machine Learning Cost-Benefit Data-driven Strategy 136

IBM Big Data Hub

OCTOBER 16, 2023

It includes processes that trace and document the origin of data, models and associated metadata and pipelines for audits. An AI governance framework ensures the ethical, responsible and transparent use of AI and machine learning (ML). Foundation models can use language, vision and more to affect the real world.

Risk 71

Risk Modeling Management Metadata 71

CIO Business Intelligence

MAY 28, 2024

Shortly after being named CIO of the low-cost, Minnesota-based airliner last year, Jim Stathopoulos immediately set about implementing automated self-service systems in the form of e-vouchers for customers whose flights are delayed by weather, mechanical issues, or faulty ground service.

IT 52

IT Digital Transformation Cost-Benefit Data Lake 52

DataRobot Blog

MAY 26, 2022

Validating Modern Machine Learning (ML) Methods Prior to Productionization. Last time , we discussed the steps that a modeler must pay attention to when building out ML models to be utilized within the financial institution. Validating Machine Learning Models.

Risk 52

Risk Modeling Metrics Business Objectives 52

CIO Business Intelligence

APRIL 25, 2024

This transition has propelled AI and machine learning to the forefront, with 51% of CIOs identifying these technologies as among their most urgent priorities, alongside cybersecurity, highlighting their crucial role in driving organizational success.

ROI 125

ROI Cost-Benefit Machine Learning Technology 125

CIO Business Intelligence

MAY 15, 2024

Its core capability—using large language models (LLMs) to create content, whether it’s code or conversations—can introduce a whole new layer of engagement for organizations. These are all concerns for those developing applications on top of GenAI models, or organizations consuming GenAI capabilities to make better business decisions.

Cost-Benefit 96

Cost-Benefit Risk Modeling Digital Transformation 96

CIO Business Intelligence

JUNE 21, 2023

A common but critical challenge I hear from CIOs, CTOs, and CDOs every day is that they have a difficult time helping the C-suite understand that IT is the very architecture for the future of business, not a cost center. Speak their language: Frame your arguments in terms of business outcomes and financial benefits.

Modeling 104

Modeling Cost-Benefit ROI Digital Transformation 104

Octopai

APRIL 24, 2023

This new native integration enhances our data lineage solution by providing seamless integration with one of the most powerful cloud-based data warehouses, benefiting data teams and enabling support for a broader range of data lineage, discovery, and catalog.

Cost-Benefit 96

Cost-Benefit Data-driven Data Warehouse Data Governance 96

Smart Data Collective

JUNE 15, 2021

They are using machine learning to solve a number of complex problems. However, it is important to make sure that you understand the potential role of AI and what business model to build around it. The market for AI is projected to reach $267 billion in the next six years due to the countless benefits it provides.

Modeling 91

Modeling Advertising Cost-Benefit Machine Learning 91

Smart Data Collective

APRIL 10, 2020

Machine learning is helping companies in every sector optimize their business models. Machine learning advances are helping companies solve some of their most obvious problems. We want to cover the costs of both job scheduling and appointment scheduling issues in this post. The IRS imposed $29.3

Machine Learning 111

Machine Learning Cost-Benefit Big Data Forecasting 111

CIO Business Intelligence

APRIL 5, 2022

But the latest analytics tools, powered by machine learning algorithms, can help companies predict demand more effectively, enabling them to adjust production and shipping operations. Second, Optimas is using data analytics to help better collaborate with its business customers to reduce costs and better manage their inventories.

Analytics 144

Analytics Cost-Benefit Forecasting Manufacturing 144

CIO Business Intelligence

NOVEMBER 20, 2023

Now they’re eyeing a next-phase opportunity—relying on machine intelligence to handle complex decisions. “If This reduces costs while improving customer experience. Outcomes are fed back into machine learning models to improve prediction accuracy continually.

Sales 128

Sales Cost-Benefit Manufacturing Forecasting 128

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 82

Cost-Benefit Testing Machine Learning Optimization 82

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

DataRobot

NOVEMBER 16, 2021

Many organizations, including state and local governments, are dipping their toes into machine learning (ML) and artificial intelligence (AI). As we’ve discussed in this blog series, some are already reaping the rewards of AI through increased productivity, cost savings, etc. What is MLOps? Issues with Deployment.

Cost-Benefit 98

Cost-Benefit Machine Learning Modeling Risk 98

DataRobot Blog

AUGUST 18, 2022

According to McKinsey & Company, organizations that implement AI improve logistics costs by 15%, inventory levels by 35%, and service levels by 65% 2. AI can reduce costs and minimize supply chain challenges by driving more informed choices across all aspects of supply chain management. Benefits of AI in Supply Chain.

Manufacturing 98

Manufacturing Cost-Benefit Forecasting Data-driven 98

erwin

AUGUST 15, 2022

For NoSQL, data lakes, and data lake houses—data modeling of both structured and unstructured data is somewhat novel and thorny. As with the part 1 and part 2 of this data modeling blog series, the cloud is not nirvana. Static over-provisioning or dynamic scaling will run up monthly cloud costs very quickly on a bad design.

Data Lake 52

Data Lake Modeling Unstructured Data Data Warehouse 52

IBM Big Data Hub

NOVEMBER 29, 2023

With the emergence of new advances and applications in machine learning models and artificial intelligence, including generative AI, generative adversarial networks, computer vision and transformers, many businesses are seeking to address their most pressing real-world data challenges using both types of synthetic data: structured and unstructured.

Metrics 81

Metrics Machine Learning Statistics Risk 81

Smart Data Collective

MARCH 14, 2022

Data analytics technology is becoming a more important aspect of business models in all industries. The importance of customer loyalty and customer service has become increasingly well-known and companies have needed to adapt their business models accordingly to gain a competitive edge. SaaS companies are no exception.

Modeling 98

Modeling Analytics Sales Key Performance Indicator 98

Smart Data Collective

JANUARY 21, 2021

Many people don’t realize the countless benefits that big data has provided for the solar energy sector. A growing number of solar energy companies are using new advances in data analytics and machine learning to increase the value of their products. “This is where big data comes in.

Big Data 131

Big Data Cost-Benefit Data-driven Machine Learning 131

Cloudera

JULY 18, 2018

As such, we are witnessing a revolution in the healthcare industry, in which there is now an opportunity to employ a new model of improved, personalized, evidence and data-driven clinical care. Actionable healthcare analytics that allows organizations to conduct real-time “what if scenarios” against predictive models.

Machine Learning 52

Machine Learning Predictive Analytics Analytics Prescriptive Analytics 52

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 141

Digital Transformation Unstructured Data Machine Learning Risk Management 141

Cloudera

JANUARY 30, 2019

Build and execute model training runs in isolation and deploy models directly from source as REST APIs, tracking performance and any user-specified artifacts to easily rollback to old versions. We’re looking forward to providing the same benefits to HDP customers with CDSW on HDP. What is CDSW? Register Now.

Data Science 78

Data Science Machine Learning Experimentation Cost-Benefit 78

IBM Big Data Hub

AUGUST 11, 2023

Machine learning (ML), a subset of artificial intelligence (AI), is an important piece of data-driven innovation. Machine learning engineers take massive datasets and use statistical methods to create algorithms that are trained to find patterns and uncover key insights in data mining projects. What is MLOps?

Data Science 53

Data Science Machine Learning Cost-Benefit Deep Learning 53