CIO Business Intelligence

AUGUST 17, 2023

But, as with any big new wave, there is a risk of once-promising projects being washed up and there are clear and obvious concerns over governance, quality and security. We ran workshops with every division of our business, educating them on the accelerating innovation in this area, brainstorming opportunities and risks.

Risk 87

Risk Cost-Benefit Strategy Experimentation 87

CIO Business Intelligence

JUNE 28, 2023

For all of generative AI’s allure, large enterprises are taking their time, many outright banning tools like ChatGPT over concerns of accuracy, data protection, and the risk of regulatory backlash. Experimentation with a use case driven approach. By that measure, you will indeed have done better than you thought.

Enterprise 52

Enterprise Experimentation Risk Data-driven 52

CIO Business Intelligence

OCTOBER 18, 2023

But if there are any stop signs ahead regarding risks and regulations around generative AI, most enterprise CIOs are blowing past them, with plans to deploy an abundance of gen AI applications within the next two years if not already. CarMax CITO Shamim Mohammed confirms his company was using OpenAI’s GPT-3.x

Risk 130

Risk Manufacturing Enterprise Technology 130

Smart Data Collective

JULY 9, 2023

Optimizing Conversion Rates with Data-Driven Strategies A/B Testing and Experimentation for Conversion Rate Optimization A/B testing is essential for discovering which version of your website’s elements are most effective in driving conversions. Experimentation is the key to finding the highest-yielding version of your website elements.

Optimization 74

Optimization Data Analytics Analytics Data-driven 74

CIO Business Intelligence

MAY 16, 2023

It surpasses blockchain and metaverse projects, which are viewed as experimental or in the pilot stage, especially by established enterprises. Gaming: Companies behind popular video games argue that their virtual worlds are the closest thing resembling a “metaverse” on the market.

Advertising 82

Advertising Recreation/Entertainment Experimentation Enterprise 82

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. Code (62%) : Gen AI helps developers write code more efficiently and with fewer errors.

Cost-Benefit 89

Cost-Benefit Modeling Manufacturing Interactive 89

CIO Business Intelligence

SEPTEMBER 12, 2022

Prioritize time for experimentation. By providing your employees with psychological safety, an innovation-centric purpose, and encouragement — you can help them find the courage to risk failure in pursuit of creative ambition.” . Here, they and others share seven ways to create and nurture a culture of innovation. Elixirr Consulting.

Experimentation 124

Experimentation Consulting Technology Machine Learning 124

Ontotext

APRIL 3, 2024

So, this is a big driver for the outcome because when you are saving money for the business, you can measure it and see its value. Nimit Mehta: I think that 2024 is going to be a buckle-down year, but, at the same time, we’ll see a rapid explosion of experimentation. How do I make sure I can manage risk?”

Technology 59

Technology Risk Digital Transformation Measurement 59

CIO Business Intelligence

OCTOBER 9, 2023

Hyatt’s experimental mindset and listen-first approach are heavily applied to IT’s pursuit of innovation, he says. It’s tempting to rush to deploy in the name of speed to market, he says. That’s a pitfall, and it is critical to always have a very comprehensive risk assessment practice in place,” Renganathan says. “We

Strategy 133

Strategy Technology Experimentation Testing 133

CIO Business Intelligence

FEBRUARY 8, 2024

Leveraging the right technical solutions for unique business problems will require experimentation and will result in advances in the technology supported across teams. It’s focusing on both strategy and execution and being thoughtful about alignment opportunities, impacts, risk-taking, and making the impact you seek to make.

Strategy 78

Strategy Experimentation Risk Technology 78

Sisense

JANUARY 21, 2020

You’re working for an ice cream company that is about to market a brand new special-edition flavor. A new drug promising to reduce the risk of heart attack was tested with two groups. When the data is combined, it seems that the drug reduces the risk of getting a heart attack. It also reduced their risk of heart attack.

Testing 104

Testing Risk Data-driven Statistics 104

Ontotext

NOVEMBER 2, 2023

Organizations that quickly adapt to changing market conditions have a competitive advantage over their peers. Most of the leading market research firms consider graph technologies to be a “critical enabler.” This is the goal of a “data-driven” organization.

IT 69

IT Cost-Benefit Data-driven Technology 69

CIO Business Intelligence

MAY 1, 2024

Pilots can offer value beyond just experimentation, of course. McKinsey reports that industrial design teams using LLM-powered summaries of user research and AI-generated images for ideation and experimentation sometimes see a reduction upward of 70% in product development cycle times. What are you measuring?

Cost-Benefit 136

Cost-Benefit Metrics Insurance Measurement 136

O'Reilly on Data

MAY 14, 2020

AI PMs should enter feature development and experimentation phases only after deciding what problem they want to solve as precisely as possible, and placing the problem into one of these categories. Experimentation: It’s just not possible to create a product by building, evaluating, and deploying a single model.

Management 363

Management Experimentation B2B Machine Learning 363

O'Reilly on Data

SEPTEMBER 15, 2020

Technical sophistication: Sophistication measures a team’s ability to use advanced tools and techniques (e.g., Technical competence: Competence measures a team’s ability to successfully deliver on initiatives and projects. Technical competence results in reduced risk and uncertainty.

Cost-Benefit 300

Cost-Benefit Advertising ROI Machine Learning 300

Occam's Razor

JANUARY 9, 2012

Most companies are astonishingly blasé about data and possibilities of measurement. The problem is Marketing and lack of imagination in using the web/digital channels. If you are a digital marketer then this absolutely is your problem. 7 Rules for Digital Marketing Revolutionaries! The problem, it turns out, is not data.

Marketing 140

Marketing B2B Measurement Risk 140

Corinium

APRIL 25, 2019

Most of my days focus on understanding what’s happening in the market, defining overall product strategy and direction, and translating into execution across the various teams. Life insurance needs accurate data on consumer health, age and other metrics of risk. Now, there is a data risk here. Humans can’t keep up.

Insurance 150

Insurance Risk IoT Cost-Benefit 150

CIO Business Intelligence

JULY 7, 2023

As more individuals use browser-based apps to get their work done, IT leaders need to provide seamless access to corporate apps and tools while minimizing security risks. A security-by-design culture incorporates security measures deeply into the design and development of systems, rather than treating them as an afterthought.

Measurement 107

Measurement Risk Experimentation Enterprise 107

CIO Business Intelligence

APRIL 18, 2022

They run the risk of miscommunication and misaligned business, technology, and operational strategy across the CXO team. The chatbot platform was a new product for this particular company, so while we heard good things about the company, sometimes you vet the company but not the product,’’ especially when it’s new to the market, Young says.

Digital Transformation 145

Digital Transformation Dashboards Cost-Benefit Consulting 145

IBM Big Data Hub

OCTOBER 20, 2023

Major cloud infrastructure providers such as IBM, Amazon AWS, Microsoft Azure and Google Cloud have expanded the market by adding AI platforms to their offerings. Automated development: With AutoAI , beginners can quickly get started and more advanced data scientists can accelerate experimentation in AI development.

Machine Learning 71

Machine Learning Manufacturing Cost-Benefit Deep Learning 71

CIO Business Intelligence

JUNE 6, 2023

And the market for doing so remains robust for corporations looking to make the most of the model. CIOs should have plans for the upsides and also develop risk mitigation strategies. For example, startups are likelier to have advanced devops practices that enable continuous deployments and feature experimentation.

Key Performance Indicator 105

Key Performance Indicator Cost-Benefit Enterprise Experimentation 105

Cloudera

APRIL 26, 2023

By embracing a cloud native architecture for your data platform here are three key benefits you can expect for your data practitioners: Greater agility allows for faster deployment of self-service data applications, enabling business users to quickly adapt to changing market conditions and enjoy a better user experience with your data platform.

Cost-Benefit 64

Cost-Benefit Optimization Experimentation Machine Learning 64

O'Reilly on Data

MARCH 23, 2023

What is it, how does it work, what can it do, and what are the risks of using it? It’s commonly believed that the more parameters, the better; that’s at least a good story for marketing to tell. What Are the Risks? Anyone serious about building with ChatGPT or other language models needs to think carefully about the risks.

IT 271

IT Modeling Testing Risk 271

The Unofficial Google Data Science Blog

JUNE 30, 2016

In an ideal world, experimentation through randomization of the treatment assignment allows the identification and consistent estimation of causal effects. By IVAN DIAZ & JOSEPH KELLY Determining the causal effects of an action—which we call treatment—on an outcome of interest is at the heart of many data analysis efforts.

Statistics 44

Statistics Optimization Modeling Experimentation 44

Domino Data Lab

FEBRUARY 4, 2019

Spoiler alert: a research field called curiosity-driven learning is emerging at the nexis of experimental cognitive psychology and industry use cases for machine learning, particularly in gaming AI. The ability to measure results (risk-reducing evidence). Legal concerns, risk, compliance. Lack of reproducible workflows.

Data Science 66

Data Science Experimentation Data-driven Machine Learning 66

Domino Data Lab

JUNE 23, 2019

Skomoroch proposes that managing ML projects are challenging for organizations because shipping ML projects requires an experimental culture that fundamentally changes how many companies approach building and shipping software. These measurement-obsessed companies have an advantage when it comes to AI.

Management 110

Management Machine Learning Experimentation Metrics 110

Domino Data Lab

MAY 8, 2019

That’s a risk in case, say, legislators – who don’t understand the nuances of machine learning – attempt to define a single meaning of the word interpret. Visualizations are vital in data science work, with the caveat that the information that they convey may be 4-5 layers of abstraction away from the actual business process being measured.

Machine Learning 105

Machine Learning Data Science Modeling Visualization 105

The Unofficial Google Data Science Blog

MAY 31, 2016

It is important that we can measure the effect of these offline conversions as well. Panel studies make it possible to measure user behavior along with the exposure to ads and other online elements. Let's take a look at larger groups of individuals whose aggregate behavior we can measure. days or weeks).

Advertising 42

Advertising Testing Sales Statistics 42

Occam's Razor

MARCH 23, 2010

Too many new things are happening too fast and those of us charged with measuring it have to change the wheels while the bicycle is moving at 30 miles per hour (and this bicycle will become a car before we know it – all while it keeps moving, ever faster). It has simply not had a break to catch a breath and mature. Likely not.

Analytics 118

Analytics Consulting Metrics Experimentation 118

Cloudera

JUNE 6, 2019

In this case, an individual with different types of workloads may have access to multiple clusters; the admin trades increased risk of a noisy neighbor for better infrastructure efficiency. Lakshmi Randall is Director of Product Marketing at Cloudera, the enterprise data cloud company. 3) By workload priority. Cloudera Manager 6.2

Metadata 86

Metadata Data Lake Strategy Optimization 86

Cloudera

NOVEMBER 25, 2020

However, as they continue finding treatments and understanding the progression of these cancers, they now also need to serve a much higher expectation on delivery to market. And soon also sensor measures, and possibly video or audio data with the increased use of device technology and telemedicine in medical care. Challenges Ahead.

Data Warehouse 59

Data Warehouse Unstructured Data Analytics Visualization 59

O'Reilly on Data

DECEMBER 9, 2019

The probability of an event should be measured empirically by repeating similar experiments ad nauseam —either in reality or hypothetically. As the number of experimental trials N approaches infinity, the probability of E equals M/N. As the number of experimental trials N approaches infinity, the probability of E equals M/N.

Statistics 27

Statistics Uncertainty Risk Marketing 27

Occam's Razor

OCTOBER 23, 2006

Start with measuring these Outcomes metrics (revenue, leads, profit margins, improved product mix, number of new customers etc). Be incessantly focussed on your company customers and dragging their voice to the table (for example via experimentation and testing or via open ended survey questions). 6 Reporting is not Analysis.

Data-driven 117

Data-driven Metrics KPI Reporting 117

CIO Business Intelligence

MAY 20, 2024

Microsoft’s market value has exploded in the years since Nadella took over — due in no small part to the way he has helped them reimagine knowledge assembly. Another study used smartphone geolocation data to measure face-to-face interactions among workers at various Silicon Valley firms.

Management 104

Management Interactive Measurement Marketing 104

Occam's Razor

MARCH 7, 2016

I want you to sign up for something very, very special I'm doing: Writing short stories from the intersection of marketing and analytics. While I'm pointing out my example, your brand faces the same risks. For myself, for the companies I'm a part of, I've decided that the risk is too high. Please do sign up.

Marketing Analytics 86

Marketing Analytics Marketing Analytics KPI 86

Sisense

NOVEMBER 23, 2020

The first department to be affected by this change is marketing, as marketers ramp up their efforts to reach their company’s remaining customers. Today more than ever, it’s critical that marketers figure out what messaging is landing, and they’ve found that the most effective way to do this is through the use of data and analytics.

Analytics 98

Analytics Data-driven Marketing Reporting 98