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Unlocking generative AI’s greatest growth opportunities

CIO Business Intelligence

Over the last year, generative AI—a form of artificial intelligence that can compose original text, images, computer code, and other content—has gone from experimental curiosity to a tech revolution that could be one of the biggest business disruptors of our generation. Where will the biggest transformation occur first?

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Next Generation Credit Decisioning with Decision Modeling

Decision Management Solutions

In the recent McKinsey article discussing designing next-generation credit-decisioning models they outlined four best practices for automated credit-decisioning models for banks as they continue their digital transformations. Digital lending based on high-performance credit-decisioning models, says McKinsey, lead to: Increased revenue.

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Interview with: Sankar Narayanan, Chief Practice Officer at Fractal Analytics

Corinium

I am the Chief Practice Officer for Insurance, Healthcare, and Hi-Tech verticals at Fractal. The Insurance practice is currently engaged with several top 10 P&C insurers in the US, across the Insurance value chain through AI, Engineering, Design & Behavioural Sciences programs.

Insurance 250
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ADP’s cloud transformation pays dividends

CIO Business Intelligence

These HCM services include applicant tracking, compensation, talent, and learning management, as well as insurance and retirement services. ADP’s innovation lab has already developed many machine learning models and predictive analytics that exploit the company’s data cloud. We are still forming [a plan] on how we’re going to do it.”

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IT leaders grapple with shadow AI

CIO Business Intelligence

With the ability to instantaneously ingest reams of data using large language models (LLMs), generative AI technologies such as OpenAI’s ChatGPT and Google’s Bard can produce reports, contracts, and application code far surpassing earlier technologies in speed, accuracy, and thoroughness. That will pay dividends for years,” Pick says.

IT 98
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How to create a culture of innovation

CIO Business Intelligence

Prioritize time for experimentation. The team was given time to gather and clean data and experiment with machine learning models,’’ Crowe says. Employees will rally around a new business model, a new market opportunity, a new product offering,’’ Rybchin says. That starts to get people familiar with the agile model.”.

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CIOs sharpen cloud cost strategies — just as gen AI spikes loom

CIO Business Intelligence

It depends on what business model you’re in. Zulfi Jeevanjee, EVP and CIO at Allstate, for example, says the insurance company has been “very diligent” about shutting off CPU usage when not in use. The CIO says he signed a contract with a cloud provider that gives him an out if he needs. “If

Strategy 140