CIO Business Intelligence

JULY 28, 2023

In addition to bottom-line benefits, employees are often inspired and motivated by innovation – seeking job opportunities that encourage experimentation and embrace new ideas. You want to have a cloud data platform that allows for fast set up and time to market, but it also needs to integrate with modern architecture.

IT 95

IT Experimentation Digital Transformation Marketing 95

CIO Business Intelligence

OCTOBER 5, 2023

Sandeep Davé knows the value of experimentation as well as anyone. As chief digital and technology officer at CBRE, Davé recognized early that the commercial real estate industry was ripe for AI and machine learning enhancements, and he and his team have tested countless use cases across the enterprise ever since.

Experimentation 117

Experimentation Strategy Machine Learning Interactive 117

Smart Data Collective

OCTOBER 13, 2021

The market for AI technology is growing remarkably. Businesses spend a lot of time and resources on marketing to stand out from their competition. While marketing remains relevant and essential, AI technology provides endless opportunities that create a massive edge between you and your competitors. Leverage innovation.

Technology 122

Technology Cost-Benefit Experimentation Machine Learning 122

CIO Business Intelligence

MAY 30, 2024

When ChatGPT came to market, and there were no other competitors, I had the impression it was hype. Some gen AI applications can already summarize customer voice and written interactions with the contact center, or, in marketing and sales, identify new sales leads from calls. At first, I was wary of generative AI,” he says.

Cost-Benefit 108

Cost-Benefit Sales Modeling Experimentation 108

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

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.

Digital Transformation 82

Digital Transformation Cost-Benefit Informatics Data mining 82

CIO Business Intelligence

FEBRUARY 21, 2024

If you don’t know these tools, you’re at a disadvantage in the job market.” We just happen to have some of the best athletic programs in the country as well, requiring us to stay on the cutting edge of sports marketing and entertainment.” We now use AI to help faculty understand some of those risk factors,” says Fozard.

Recreation/Entertainment 122

Recreation/Entertainment Experimentation Modeling Data-driven 122

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. Take no risks when it comes to protecting data privacy!

Optimization 74

Optimization Data Analytics Analytics Data-driven 74

CIO Business Intelligence

JULY 6, 2022

Our strategy is essentially to leverage the public cloud’s economies of scale, to drive business value, to lower risk, to increase resiliency, and really to ensure our infrastructure is evergreen. This includes scaling during market events, avoiding missing windows, avoiding missing service-level agreements. And you hear this a lot.

Experimentation 82

Experimentation Testing Strategy Risk 82

Mark Raskino

AUGUST 30, 2017

He was talking about something we call the ‘compound uncertainty’ that must be navigated when we want to test and introduce a real breakthrough digital business idea. You can connect social groups, economic groups and communities, which would be extraordinarily cumbersome and time-consuming in bigger societies”.

Testing 53

Testing Experimentation Uncertainty Risk 53

CIO Business Intelligence

JULY 31, 2023

As vendors add generative AI to their enterprise software offerings, and as employees test out the tech, CIOs must advise their colleagues on the pros and cons of gen AI’s use as well as the potential consequences of banning or limiting it. The CIO’s job is to ask questions about potential scenarios. This is an issue for CIOs.

Strategy 92

Strategy Risk Enterprise Risk Management 92

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

O'Reilly on Data

MARCH 31, 2020

You’re responsible for the design, the product-market fit, and ultimately for getting the product out the door. This has serious implications for software testing, versioning, deployment, and other core development processes. The ability to make decisions based on data analytics is a prerequisite for an “experimental culture.”

Management 339

Management Machine Learning Experimentation Metrics 339

CIO Business Intelligence

MARCH 7, 2023

Oliver Wittmaier, CIO and product owner at DB SYSTEL GmbH DB SYSTEL GmbH Content generation is also an area of particular interest to Michal Cenkl, director of innovation and experimentation at Mitre Corp. “I Michal Cenkl, director of innovation and experimentation, Mitre Corp. You can’t just plug that code in without oversight.

Enterprise 111

Enterprise IT Experimentation Unstructured Data 111

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

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. Still, as Whyde concedes, “some of the concern around risk of adoption of AI is distressing.”

Risk 130

Risk Manufacturing Enterprise Technology 130

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. In the rush to innovate, teams can forget the basics, such as insufficient testing, so constant monitoring is crucial to ensure you’re providing value, adds TFCU’s Renganathan. He learned that the hard way.

Strategy 133

Strategy Technology Experimentation Testing 133

Alation

DECEMBER 20, 2022

Increasing revenue, going after a new market, etc., No place is the risk higher than data. These organizations use experimentation and constant market testing to learn and invest. 1 reason I see transformation fail is it does not clearly solve a business problem. Modernizing technology is not a business problem.

Digital Transformation 96

Digital Transformation Scorecard Measurement Experimentation 96

Decision Management Solutions

DECEMBER 17, 2021

We work with lenders in a variety of markets and have found that decision modeling, building a visual blueprint of your credit risk decisioning, is a critical success factor in moving to next generation credit decisioning. Digital lending based on high-performance credit-decisioning models, says McKinsey, lead to: Increased revenue.

Modeling 52

Modeling Experimentation Visualization Risk 52

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

DECEMBER 14, 2023

By capturing best practices in reusable Terraform templates, engineering teams can streamline their workflows, reduce errors and improve productivity leading to better software outcomes for users and faster time to market. Automated regression tests are a dynamite. This year, IBM Cloud introduced projects and deployable architectures.

Experimentation 65

Experimentation Testing Software Management 65

FineReport

DECEMBER 11, 2019

Pay attention to the profound influence of social media on consumer behavior; present new consumer behavior characteristics in the new network environment; analyze new hotspot marketing and consumption events. The rapid development of the Internet and the mobile communication market has created a large amount of data.

Big Data 98

Big Data Statistics Experimentation Data Strategy 98

Ontotext

APRIL 3, 2024

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. Nimit Mehta : You are talking about the three big ones: cost, revenue, and risk. And, when you get to the top, it’s about risks and existential threats to the business. It’s open.

Technology 59

Technology Risk Digital Transformation Measurement 59

CIO Business Intelligence

JUNE 27, 2022

Tyson: Although there are other tools in the market for application monitoring, Sentry seems to be the leader. We rely heavily on automated testing. A lot of the current approaches feel very experimental and are tough to see as maintainable, so there’s certainly still room for growth here. I’m curious what you attribute that to.

Software 94

Software Experimentation Testing Marketing 94

Occam's Razor

JULY 6, 2016

Yes, I worry that Analysts, and Marketers, are spending too much time with their head buried in custom reports and advance segments and smart calculated metrics and strategic or tactical dashboards. Lab usability testing and online surveys both provide great strategies to obsess about user centric design. United Breaks Hearts.

Testing 86

Testing Marketing Experimentation Cost-Benefit 86

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.

Cost-Benefit 136

Cost-Benefit Metrics Insurance Measurement 136

CIO Business Intelligence

APRIL 24, 2024

That means using the technology to improve a company’s marketing, sales, customer success, and RevOps: the process of aligning all three operations across the full customer life cycle in a way that drives growth, improves efficiency, and breaks down silos. Revenue leaders embracing AI The interest is there on the business side.

Sales 121

Sales Finance Experimentation Cost-Benefit 121

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

Occam's Razor

JUNE 4, 2018

Not wanting to risk it, I click on the Find in Store link you see at the bottom of the page. Such is the case with A/B testing. My wife thinks I’ll look prettier in the red, I think the Mustard really looks like my color. :). I love the nudge they have built-in showing how many in my size are in stock (only one!)….

Strategy 124

Strategy Cost-Benefit Testing Sales 124

CIO Business Intelligence

MARCH 7, 2023

But the faster transition often caused underperforming apps, greater security risks, higher costs, and fewer business outcomes, forcing IT to address these issues before starting app modernizations. Release an updated data viz, then automate a regression test. billion by 2028 , rising at a market growth of 20.3%

Digital Transformation 142

Digital Transformation Data Governance Experimentation Machine Learning 142

AWS Big Data

JULY 3, 2023

This helps traders determine the potential profitability of a strategy and identify any risks associated with it, enabling them to optimize it for better performance. Index rebalancing arbitrage takes advantage of short-term price discrepancies resulting from ETF managers’ efforts to minimize index tracking error.

Snapshot 83

Snapshot Data Lake Testing Strategy 83

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. Today, top AI-assistant capabilities delivering results include generating code, test cases, and documentation.

Cost-Benefit 110

Cost-Benefit Advertising Experimentation Software 110

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. It’s by far the most convincing example of a conversation with a machine; it has certainly passed the Turing test.

IT 271

IT Modeling Testing Risk 271

O'Reilly on Data

SEPTEMBER 15, 2020

Technical competence results in reduced risk and uncertainty. AI initiatives may also require significant considerations for governance, compliance, ethics, cost, and risk. Likewise, AI doesn’t inherently optimize supply chains, detect diseases, drive cars, augment human intelligence, or tailor promotions to different market segments.

Cost-Benefit 300

Cost-Benefit Advertising ROI Machine Learning 300

CIO Business Intelligence

SEPTEMBER 19, 2023

Many organizations get burned by this approach because they don’t realize that markets are shifting fast, new technologies are coming in rapidly, and competitive dynamics are changing swiftly in the digital era. They should rather manage through experimentation. CIOs can help their enterprises in this area.

Digital Transformation 122

Digital Transformation Uncertainty Testing Enterprise 122

Occam's Razor

NOVEMBER 17, 2008

There is a tendency to think experimentation and testing is optional. Just don't fall for their bashing of all other vendors or their silly claims, false, of "superiority" in terms of running 19 billion combinations of tests or the bonus feature of helping you into your underwear each morning. And I meant every word of it.

Testing 112

Testing Experimentation Risk Optimization 112

CIO Business Intelligence

APRIL 18, 2022

They run the risk of miscommunication and misaligned business, technology, and operational strategy across the CXO team. Our internal QA team now focuses 100% on automated testing and managing the queue from the crowdsourced operation. They invest in cloud experimentation. There’s a danger in adopting quickly,’’ he says.

Digital Transformation 145

Digital Transformation Dashboards Cost-Benefit Consulting 145