Cloudera

OCTOBER 18, 2023

In the ever-evolving landscape of the financial services Industry, change is a constant and transformation is a requirement — to stay at pace with new regulations, risk mitigation, and the technological developments that support transformation.

Cost-Benefit 77

Cost-Benefit Testing Machine Learning Optimization 77

Smarten

MAY 17, 2023

Whether you are looking at ChatGPT or Open AI and wondering how it might be applied to your business environment, it is important to understand the current state of this technology, the inherent risks and the possible opportunities. “So, proceed, but don’t over pivot.” “So, proceed, but don’t over pivot.”

Digital Transformation 52

Digital Transformation Experimentation Risk Testing 52

CIO Business Intelligence

JULY 6, 2022

Laying the foundation for its cloud strategy, BNY Mellon undertook a multi-year application modernization effort. “In On BNY Mellon’s cloud strategy: First and foremost, we view cloud as a journey, not a destination. Today, our strategy is to have a multi-cloud approach. What follows are edited excerpts of that conversation.

Experimentation 93

Experimentation Strategy Testing Risk 93

CIO Business Intelligence

JUNE 15, 2023

Despite headlines warning that artificial intelligence poses a profound risk to society , workers are curious, optimistic, and confident about the arrival of AI in the enterprise, and becoming more so with time, according to a recent survey by Boston Consulting Group (BCG). For many, their feelings are based on sound experience.

Management 113

Management Experimentation Optimization Enterprise 113

Smart Data Collective

OCTOBER 13, 2021

AI technology moves innovation forward by boosting tinkering and experimentation, accelerating the innovation process. It also allows companies to experiment with new concepts and ideas in different ways without relying only on lab tests. Here’s how to stay competitive as technology evolves. Leverage innovation. Endnote.

Technology 123

Technology Cost-Benefit Experimentation Machine Learning 123

CIO Business Intelligence

NOVEMBER 13, 2023

Transformational leaders must ensure their organizations have the expertise to integrate new technologies effectively and the follow-through to test and troubleshoot thoroughly before going live. IT leaders help facilitate a shift in organizational mindset toward a willingness to take risks and learn from failures.

Digital Transformation 142

Digital Transformation Cost-Benefit Experimentation Measurement 142

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. Generative AI is a key part of our business strategy, facilitating growth with AI-enabled processes already live in production,” he says.

Risk 96

Risk Cost-Benefit Strategy Experimentation 96

CIO Business Intelligence

OCTOBER 9, 2023

Tech leaders must focus on a business-aligned tech strategy to deliver on the competing mandates, Guarini says. “A A business-aligned technology strategy is built on architecture and agility, the ‘what’ and the ‘how’ of better alignment,’’ he explains. Performance improves when the culture of collaboration is strong.”

Strategy 136

Strategy Technology Experimentation Testing 136

CIO Business Intelligence

NOVEMBER 7, 2022

A developing playbook of best practices for data science teams covers the development process and technologies for building and testing machine learning models. Have business leaders defined realistic success criteria and areas of low-risk experimentation? Are data science teams set up for success?

Machine Learning 128

Machine Learning Data Science Experimentation IoT 128

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. CIOs can also help draw a line of sight between the work the team is doing and the strategies of the company that enable it to win in the marketplace.

IT 98

IT Experimentation Digital Transformation Marketing 98

Smart Data Collective

JULY 9, 2023

This article is going to provide some great insights on developing strategies for unlocking additional value from an online business, which can do a lot to boost revenue and catapult the enterprise to new heights. 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

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 94

Digital Transformation Cost-Benefit Informatics Data mining 94

CIO Business Intelligence

FEBRUARY 21, 2024

We now use AI to help faculty understand some of those risk factors,” says Fozard. We’ve done a lot of experimentation on these adaptive tools that use AI,” says Ventimiglia. The AI skillset is becoming critical for employability for many students,” adds Sheehan. This prediction turns out to be very accurate — almost a certainty. “We

Recreation/Entertainment 132

Recreation/Entertainment Experimentation Modeling Data-driven 132

Corinium

JUNE 6, 2019

Regulations and compliance requirements, especially around pricing, risk selection, etc., Fractal’s recommendation is to take an incremental, test and learn approach to analytics to fully demonstrate the program value before making larger capital investments. Build multiple MVPs to test conceptually and learn from early user feedback.

Insurance 250

Insurance Analytics Forecasting Deep Learning 250

Decision Management Solutions

MARCH 26, 2020

Some approaches have never been tried on certain segments – higher risk customers might never have been targeted with price reductions, say. Experimentation at the beginning of your journey is essential to make sure you understand where you are starting. Invest some time learning about experimental design and run your own.

Experimentation 72

Experimentation Recreation/Entertainment Optimization Testing 72

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. These three programs are already delivering value for the business.”

Risk 139

Risk Manufacturing Enterprise Technology 139

O'Reilly on Data

MARCH 31, 2020

This means that the AI products you build align with your existing business plans and strategies (or that your products are driving change in those plans and strategies), that they are delivering value to the business, and that they are delivered on time. AI product estimation strategies.

Management 332

Management Machine Learning Experimentation Metrics 332

Alation

DECEMBER 20, 2022

Failing to measure the impact of digital transformation against corporate strategies and OKRs. The middle did not support the strategy change senior leadership launched. No place is the risk higher than data. There are degrees of failure,” says Jim Russell , CIO and VP for digital strategy and planning at Manhattanville College.

Digital Transformation 96

Digital Transformation Scorecard Measurement Experimentation 96

The Unofficial Google Data Science Blog

APRIL 23, 2024

It is also a sound strategy when experimenting with several parameters at the same time. To find optimal values of two parameters experimentally, the obvious strategy would be to experiment with and update them in separate, sequential stages. (And sometimes even if it is not[1].) We use these designs frequently, and so can you.

Experimentation 52

Experimentation Optimization Uncertainty Metrics 52

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. AGI wouldn’t just perceive its surroundings; it would understand them.

Cost-Benefit 94

Cost-Benefit Modeling Manufacturing Interactive 94

Smart Data Collective

FEBRUARY 4, 2020

Phase 0 is the first to involve human testing. Phase I involves dialing-in the proper dosage and further testing in a larger patient pool. Without better methodology, difficult-to-treat and ill-understood conditions and diseases are at risk of staying that way.

Experimentation 100

Experimentation Testing Modeling Strategy 100

CIO Business Intelligence

MAY 16, 2023

To gain perspective, Iron Mountain sponsored research by Quadrant Strategies, which used digital listening technologies to study public online conversation trends among enterprise decision-makers. It surpasses blockchain and metaverse projects, which are viewed as experimental or in the pilot stage, especially by established enterprises.

Advertising 95

Advertising Recreation/Entertainment Experimentation Enterprise 95

Depict Data Studio

JULY 13, 2021

In the science world, if you have a small group of people and do not find statistical significance, one thing you can do is test a much bigger group! Most nonprofits provide a service for a specific amount of time, people graduate from that service, and then they go on with their lives (hopefully with more strategies to reach their goals).

Statistics 98

Statistics Testing Recreation/Entertainment Experimentation 98

FineReport

DECEMBER 11, 2019

– Data Divination: Big Data Strategies. Effective use of big data helps companies analyze critical information more accurately, ultimately improving operational efficiency, reducing costs, reducing risk, accelerating innovation, and increasing revenue. By Pam Baker and Bob Gourley. Big data is changing our world.

Big Data 98

Big Data Statistics Experimentation Data Strategy 98

CIO Business Intelligence

JUNE 27, 2022

I’m now primarily focused on product strategy, organizational efficiency, and generally trying to make sure we don’t forget where we came from, especially around the open source side of things. We rely heavily on automated testing. Tyson: That belief in your vision when it’s tested—that is tough! I thought, really?!

Software 106

Software Experimentation Testing Marketing 106

Occam's Razor

JUNE 4, 2018

Speaking of the Four Seasons, consider how sad their nudging strategy is vs. the one that booking.com has on display: All the data you need for this nudge… You already have. That’s what makes the Four Seasons strategy, and that of most sites, so heartbreaking. Money will start falling from the sky. Please find it, please use it.

Strategy 124

Strategy Cost-Benefit Testing Sales 124

The Unofficial Google Data Science Blog

JULY 22, 2020

by ALEXANDER WAKIM Ramp-up and multi-armed bandits (MAB) are common strategies in online controlled experiments (OCE). These strategies involve changing assignment weights during an experiment. The first is a strategy called ramp-up and is advised by many experts in the field [1].

Experimentation 95

Experimentation Statistics Testing Strategy 95

CIO Business Intelligence

APRIL 24, 2024

We’ve been doing proof-of-value and different test cases on efficiency opportunities within our organization as it relates to AI,” he says. A third gen AI product, BenefitsGPT, isn’t yet commercially available, but is currently being tested by three other Blue Cross Blue Shield organizations. But then you’re just playing catch-up.

Sales 127

Sales Finance Experimentation Cost-Benefit 127

Occam's Razor

JULY 6, 2016

Lab usability testing and online surveys both provide great strategies to obsess about user centric design. Testing Kills/Delays Good Ideas. I've always thought they pushed the edge and took risks. Testing Kills/Delays Good Ideas. United Breaks Hearts. Patagonia Returns No Love. BUT I Want Data-First!

Testing 86

Testing Marketing Experimentation Cost-Benefit 86

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 121

Cost-Benefit Advertising Experimentation Software 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

AWS Big Data

JULY 3, 2023

Backtesting is a process used in quantitative finance to evaluate trading strategies using historical data. 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.

Snapshot 80

Snapshot Data Lake Testing Strategy 80

CIO Business Intelligence

APRIL 18, 2022

While it’s critical for tech leaders to communicate throughout a digital project, it’s also important to communicate appropriately, says Rich Nanda, US strategy and analytics offerings leader, at Deloitte Consulting. Rich Nanda, US strategy and analytics offerings leader, Deloitte Consulting. Deloitte Consulting. “In

Digital Transformation 145

Digital Transformation Dashboards Cost-Benefit Consulting 145

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. Results are typically achieved through a scientific process of discovery, exploration, and experimentation, and these processes are not always predictable.

Cost-Benefit 293

Cost-Benefit Advertising ROI Machine Learning 293

CIO Business Intelligence

SEPTEMBER 19, 2023

He believes he can demystify digital transformation and put corporate leaders on the right path as they rethink their business strategy for the digital era. They should rather manage through experimentation. The process of greenlighting would involve how to allocate the initial small investment and human resources to test the idea.

Digital Transformation 129

Digital Transformation Uncertainty Testing Enterprise 129

CIO Business Intelligence

FEBRUARY 3, 2023

He says that IT remains largely in-house across helpdesk, data analytics, cybersecurity and development, bar small pockets of outsourced capability for software development and testing, and suggests that business growth hasn’t been the only challenge—not least in the days after Queen Elizabeth II’s death last September.

IT 52

IT Experimentation Scorecard Digital Transformation 52

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. A naïve way to solve this problem would be to compare the proportion of buyers between the exposed and unexposed groups, using a simple test for equality of means.

Statistics 44

Statistics Optimization Modeling Experimentation 44