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 129

Experimentation Strategy Machine Learning Interactive 129

CIO Business Intelligence

DECEMBER 19, 2023

If CIOs don’t improve conversions from pilot to production, they may find their investors losing patience in the process and culture of experimentation. And while static application security testing (SAST) was the top-rated tool for usefulness by 82% of respondents, only 28% claim these tools are used on at least 75% of their code base.

Digital Transformation 143

Digital Transformation Unstructured Data Machine Learning Risk Management 143

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

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. Debugging: Identifying and fixing bugs in code is essential for application security.

Cost-Benefit 75

Cost-Benefit Testing Machine Learning Optimization 75

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 115

Management Experimentation Optimization Enterprise 115

CIO Business Intelligence

APRIL 14, 2023

But just like other emerging technologies, it doesn’t come without significant risks and challenges. According to a recent Salesforce survey of senior IT leaders , 79% of respondents believe the technology has the potential to be a security risk, 73% are concerned it could be biased, and 59% believe its outputs are inaccurate.

Risk 122

Risk Experimentation Marketing Risk Management 122

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. Fostering a culture of innovation in IT requires you to accept some level of risk. A closed feedback loop with end users at this stage is critical as well.

IT 98

IT Experimentation Digital Transformation Marketing 98

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 101

Digital Transformation Cost-Benefit Informatics Data mining 101

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

AUGUST 25, 2023

In this conversation with Foundry, Mitali discusses the accelerated importance of technology in healthcare, on enabling healthcare providers with data and why her team isn’t afraid of experimentation. Implementing it on the clinical side will take additional trials, because we cannot risk anything in that area.

Experimentation 97

Experimentation Digital Transformation Technology Measurement 97

CIO Business Intelligence

JANUARY 9, 2024

Many organizations know that commercially available, “off-the-shelf” generative AI models don’t work well in enterprise settings because of significant data access and security risks. We’re using our own databases, testing against our own needs, and building around specific problem sets.

Enterprise 118

Enterprise Experimentation Modeling Data-driven 118

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 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. Because when you can experiment, you can potentially enter a new business quickly, test an idea. And you hear this a lot.

Experimentation 97

Experimentation Strategy Testing Risk 97

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.

Technology 122

Technology Cost-Benefit Experimentation Machine Learning 122

The Unofficial Google Data Science Blog

APRIL 23, 2024

To find optimal values of two parameters experimentally, the obvious strategy would be to experiment with and update them in separate, sequential stages. Our experimentation platform supports this kind of grouped-experiments analysis, which allows us to see rough summaries of our designed experiments without much work.

Experimentation 52

Experimentation Optimization Uncertainty Metrics 52

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 98

Risk Cost-Benefit Strategy Experimentation 98

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.

Strategy 98

Strategy Risk Enterprise Risk Management 98

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

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 73

Optimization Data Analytics Analytics Data-driven 73

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. This prediction turns out to be very accurate — almost a certainty. “We The university then applies resources to help head off problems early.”

Recreation/Entertainment 135

Recreation/Entertainment Experimentation Modeling Data-driven 135

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 143

Digital Transformation Cost-Benefit Experimentation Measurement 143

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

AUGUST 4, 2023

Our products are sometimes tested for a year before being launched in the field. What are some of the steps that you are taking to foster a culture of innovation and experimentation amongst the employees and customers, and encourage them to move towards digital transformation in in their work?

IoT 97

IoT Manufacturing Experimentation Digital Transformation 97

Domino Data Lab

MAY 15, 2019

Pete indicates, in both his November 2018 and Strata London talks, that ML requires a more experimental approach than traditional software engineering. It is more experimental because it is “an approach that involves learning from data instead of programmatically following a set of human rules.”

Machine Learning 111

Machine Learning Management Experimentation Uncertainty 111

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. Mitre Corp. The technology also needs human oversight.

Enterprise 116

Enterprise IT Experimentation Unstructured Data 116

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 141

Risk Manufacturing Enterprise Technology 141

Sisense

JANUARY 21, 2020

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. In addition, men are at a greater risk of having a heart attack, overall. It also reduced their risk of heart attack.

Testing 104

Testing Risk Data-driven Statistics 104

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 137

Strategy Technology Experimentation Testing 137

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 90

Cost-Benefit Modeling Manufacturing Interactive 90

O'Reilly on Data

MARCH 31, 2020

This has serious implications for software testing, versioning, deployment, and other core development processes. The need for an experimental culture implies that machine learning is currently better suited to the consumer space than it is to enterprise companies. And you, as the product manager, are caught between them.

Management 332

Management Machine Learning Experimentation Metrics 332

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. Existing Methods Leave Many Patient Needs Unmet.

Experimentation 100

Experimentation Testing Modeling Strategy 100

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. Information governance enables enterprises to achieve strategic goals, mitigate risk, and reduce costs. Conversations suggest that AI is already transforming most major industries.

Advertising 101

Advertising Recreation/Entertainment Experimentation Enterprise 101

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. Lower credit losses. More efficient lending. Sounds good, right?

Modeling 52

Modeling Experimentation Visualization Risk 52

IBM Big Data Hub

DECEMBER 14, 2023

The extension of the CIO office’s dedicated data center to the IBM public cloud allowed for experimentation and growth with zero risk. The Terraform automation and automated regression testing allowed me to reliably change the connection mechanism from direct link to VPN. Automated regression tests are a dynamite.

Experimentation 73

Experimentation Testing Software Management 73

AWS Big Data

MAY 2, 2023

Test the feature To test this feature, run the producer DAG. Removal of experimental Smart Sensors. Test the feature Upload the four sample text files from the local data folder to an S3 bucket data folder. should also help you align with security standards by mitigating the risk of older versions of Python such as 3.7,

Testing 99

Testing Experimentation Management Metadata 99

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! Using scientific methods to test hypotheses (which are what statistics test) are what scientists do; delivering programming and tracking client progress is what nonprofit practitioners do.

Statistics 98

Statistics Testing Recreation/Entertainment Experimentation 98

Alation

DECEMBER 20, 2022

No place is the risk higher than data. These organizations use experimentation and constant market testing to learn and invest. This issue is why balanced scorecards have a forward component called “learn and grow.” The change can fail and reveal insights into the organization that leads to better future transformation.”

Digital Transformation 96

Digital Transformation Scorecard Measurement Experimentation 96