article thumbnail

Handling uncertainty: panic vs. precautions…

Timo Elliott

Unfortunately, like so much of analytics, it turns out that there are lots of unknown values and nuances involved in calculating a definitive number. A more flexible way of attacking uncertainty is to look beyond specific models and instead benchmark against “other people like us.”

article thumbnail

Regulatory uncertainty overshadows gen AI despite pace of adoption

CIO Business Intelligence

It’s no surprise, then, that according to a June KPMG survey, uncertainty about the regulatory environment was the top barrier to implementing gen AI. So here are some of the strategies organizations are using to deploy gen AI in the face of regulatory uncertainty.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Decision Making with Uncertainty Requires Wideward Thinking

Andrew White

COVID-19 and the related economic fallout has pushed organizations to extreme cost optimization decision making with uncertainty. Each of these three templates or workshops all follow from the obvious: not all data is equal and thus by definition some data is more important than other day. Everything Changes.

article thumbnail

The only CIO resolution that matters

CIO Business Intelligence

As a first step toward reducing uncertainty and surprise in 2024, I suggest CIOs take baby steps to operationalize learning by leaning into this briefing structure. Uncertainty is Certain A key reason to do this is because uncertainty abounds. There are a wide range of possible outcomes in 2024.

article thumbnail

Business Strategies for Deploying Disruptive Tech: Generative AI and ChatGPT

Rocket-Powered Data Science

Those F’s are: Fragility, Friction, and FUD (Fear, Uncertainty, Doubt). A business-disruptive ChatGPT implementation definitely fits into this category: focus first on the MVP or MLP. Fragility occurs when a built system is easily “broken” when some component is changed.

Strategy 290
article thumbnail

Episode 5: Customer-centricity: The Great Differentiator

CIO Business Intelligence

In this 5 th and final episode of our 5-episode podcast, Essential Connections: The Business Owner’s Guide to Growth During Economic Uncertainty , we explore customer-centricity and how obsessing over the customer experience can help SMBs. IT Leadership, Small and Medium Business.

article thumbnail

Why IT surveys can’t be trusted for strategic decisions

CIO Business Intelligence

Information, according to the mathematical theory that bears its name, reduces uncertainty. In this way, the information I have given you has cut your uncertainty in half. Everything we do in IT starts here, with the definition of a “bit.” Everything we do in IT starts here, with the definition of a “bit.”