Rocket-Powered Data Science

FEBRUARY 15, 2023

Generative AI is the biggest and hottest trend in AI (Artificial Intelligence) at the start of 2023. Third, any commitment to a disruptive technology (including data-intensive and AI implementations) must start with a business strategy. FUD occurs when there is too much hype and “management speak” in the discussions.

Strategy 289

Strategy Experimentation Uncertainty Machine Learning 289

CIO Business Intelligence

JANUARY 31, 2024

The history of IT operations (ITOps) can pretty much be summed up in one phrase: Do more with less. In fact, in some cases, the business primarily views IT as a cost center, meaning the IT team may see its numbers reduced over time. Thankfully, artificial intelligence (AI) for IT operations (AIOps) offers these efficiencies.

Data Collection 110

Data Collection Reporting Visualization Technology 110

O'Reilly on Data

APRIL 23, 2024

At the dawn of economic theory, agriculture was still the chief source of value creation, and much of that value created by the labor of serfs and tenant farmers was appropriated by those who owned the land. When the local baron sent his troops to collect what he considered his share of the harvest, it was impossible to say no.

Advertising 270

Advertising Cost-Benefit Marketing Risk 270

CIO Business Intelligence

NOVEMBER 27, 2023

ChatGPT, Stable Diffusion, and DreamStudio–Generative AI are grabbing all the headlines, and rightly so. Intelligent assistants are already changing how we search, analyze information, and do everything from creating code to securing networks and writing articles. The results are impressive and improving at a geometric rate.

Risk 132

Risk Cost-Benefit Modeling Optimization 132

Dataiku

APRIL 2, 2024

More than 600 companies worldwide use Dataiku, bringing together experts from across their organizations for faster time to value on data and AI projects. But how much faster is faster? And what other cost savings and benefits does Dataiku drive?

ROI 52

ROI Cost-Benefit 52

CIO Business Intelligence

DECEMBER 27, 2023

Highly regulated, customer-centric, and dependent on layers of human involvement and manual processes, financial services are ripe for automation through artificial intelligence (AI). Those same characteristics, however, reveal the risks AI pose to this sector. AI is not the future of financial services — it’s the present.

Insurance 141

Insurance Cost-Benefit Risk Technology 141

CIO Business Intelligence

NOVEMBER 20, 2023

Generative AI and, more specifically, ChatGPT captivated the corporate world in 2023, with board directors, CEOs, and other executives fawning (and sometimes fearing) the technology. Their enthusiasm is justified, with multiple studies finding that AI is delivering strong value and returns on investment.

Technology 137

Technology IT ROI Software 137

CIO Business Intelligence

APRIL 1, 2024

Consider how fast generative AI went from avant-garde to ubiquity: At under two years, it may be a record. In contrast, only 27% of those categorized as DX laggards say as much. This helps us move faster, because it’s the rubric for how we make decisions; it guides us,” Bradshaw explains.

Strategy 140

Strategy IT Digital Transformation ROI 140

CIO Business Intelligence

APRIL 29, 2024

To Carm Taglienti, the explosion of all things AI over the past few years has been both a pro and a con to IT teams. We had to drop some critical projects to all of a sudden deal with AI as it came to the forefront very quickly.” But AI was thrust into the corporate world, and they’re now having to deal with it.”

IT 128

IT Consulting Technology Strategy 128

CIO Business Intelligence

MAY 5, 2023

Generative AI such as ChatGPT has of late captured the imagination of business leaders across industries. The combination of CarMax’s revolutionary digital business model applied to the used-car business with revolutionary AI tools available to all makes for powerful and profitable business outcomes. billion overall.

Digital Transformation 145

Digital Transformation Cost-Benefit Business Driver Data Lake 145

IBM Big Data Hub

APRIL 24, 2024

These are just some examples of how organizations support data privacy , the principle that people should have control of their personal data, including who can see it, who can collect it, and how it can be used. Learn how IBM OpenPages Data Privacy Management can improve compliance accuracy and reduce audit time.

Risk 87

Risk Measurement Data Governance Insurance 87

CIO Business Intelligence

JANUARY 9, 2024

If we aren’t, they’ll want Tony Stark’s ability to conjure up high-tech solutions by gesticulating into a 3D touch interface while arguing with the AI that ran the Iron Man’s lab. Generative AI vs. MCU AI In the MCU, not to mention Star Trek and Alexa ads, computer users tell the AI to do something, and the AI gets it done.

Management 111

Management Data-driven Measurement Technology 111

IBM Big Data Hub

MARCH 14, 2024

From there, the floodgates opened, and today as much as 62% of smartphones are built with 5G connectivity (link resides outside ibm.com.) But what does the future hold in store? How much of that is true and how much is just hype? How is 5G different from previous generations of wireless networks?

Technology 61

Technology IoT Cost-Benefit Internet of Things 61

CIO Business Intelligence

APRIL 4, 2024

Like other CIOs, Katrina Redmond has been inundated with opportunities to deploy AI that promise to speed business and operations processes, and optimize workflows. To be successful, an AI proof of concept (PoC) project also needs to make good business sense, says CIO Vikram Nafde, CIO at Connecticut-based Webster Bank.

Enterprise 134

Enterprise Cost-Benefit Forecasting Strategy 134

Smart Data Collective

MAY 17, 2023

AI technology has become crucial for modern businesses trying to maintain a competitive edge in the 21st Century. Around 35% of businesses are already using AI and another 42% plan to use it in the future. Businesses are also using AI-driven ERP software. Using ERP software that utilizes AI technology will change this process.

Enterprise 95

Enterprise Cost-Benefit Software Data-driven 95

CIO Business Intelligence

SEPTEMBER 29, 2023

As I work with financial services and banking organizations around the world, one thing is clear: AI and generative AI are hot topics of conversation. Financial organizations want to capture generative AI’s tremendous potential while mitigating its risks. In short, yes. But it’s an evolution. billion by 2032. billion by 2032.

Finance 133

Finance Unstructured Data Risk Cost-Benefit 133

Smart Data Collective

SEPTEMBER 21, 2022

There are a number of amazing AI companies. There are a lot of factors that you have to take into consideration when hiring a company to help you develop AI applications. There is a huge lack of qualified AI developers, as a recent report from ZDNet recently showed. Developing AI software applications is not cheap.

Software 103

Software Cost-Benefit Metrics Insurance 103

CIO Business Intelligence

NOVEMBER 20, 2023

Not all AI-powered customer service chatbots are created equal—or created well. Take AVA, the AI-infused customer support bot that AirAsia introduced in 2019. She’s been replaced by a second-generation AI bot, Bo.) With enterprise spending on generative AI projected to hit $1.3

Interactive 130

Interactive Risk ROI Testing 130

CIO Business Intelligence

JANUARY 16, 2024

In the rush to establish technical strategies for making good on the promise of generative AI, many CIOs find themselves running headlong into what may be their most challenging task yet: preparing their organization’s end-users — from knowledge workers and assembly line laborers to doctors, accountants, and lawyers — to co-exist with generative AI.

Cost-Benefit 130

Cost-Benefit Enterprise Unstructured Data Technology 130

CIO Business Intelligence

AUGUST 31, 2023

Pentagon Credit Union (PenFed), the second-largest credit union in the US, is looking to generative AI to transform how it interacts with its customers. To create a new, cost-effective channel that helps meet members needs — and learns as it does so, to the benefit of members and the credit union itself. Its vision?

Cost-Benefit 98

Cost-Benefit Interactive Digital Transformation Business Intelligence 98

Smart Data Collective

DECEMBER 21, 2021

Sifting through and parsing the data into a format that data scientists could work with was a big task and too much for the average person to handle. That’s not to say that data scientists will become obsolete anytime soon as there’s still a human element in reviewing insights AI has put together. The Role of AI in Big Data.

Big Data 129

Big Data IoT Cost-Benefit Interactive 129

IBM Big Data Hub

APRIL 25, 2024

In today’s dynamic and uncertain landscape, commerce strategy—what we might formerly have referred to as ecommerce strategy—is so much more than it once was. Done correctly, this process also contains critical activities that can significantly reduce costs and satisfy a business’ key metrics for success.

Strategy 92

Strategy Sales Marketing Consulting 92

Smart Data Collective

JULY 8, 2021

An attempt will be made to find how to make machines use language, form abstractions, and concepts, solve kinds of problems now reserved for humans, and improve themselves.”. As humanity makes more and more progress with AI there is constant debate underway whether AI will turn on us in the future or they will benefit us.

Risk 141

Risk Cost-Benefit Machine Learning Deep Learning 141

CIO Business Intelligence

FEBRUARY 27, 2023

To understand how organizations may be approaching their cloud strategies and tech investments in 2023, members of VMware’s Tanzu Vanguard community shared their insights on what trends will take shape. But you have to take into account that cloud native first does not mean public cloud first.

Cost-Benefit 145

Cost-Benefit Digital Transformation Strategy Software 145

O'Reilly on Data

MARCH 31, 2020

If you’re already a software product manager (PM), you have a head start on becoming a PM for artificial intelligence (AI) or machine learning (ML). You already know the game and how it is played: you’re the coordinator who ties everything together, from the developers and designers to the executives.

Management 332

Management Machine Learning Experimentation Metrics 332

IBM Big Data Hub

NOVEMBER 7, 2023

For business leaders exploring ways to apply generative AI within their companies, it can be difficult to discern where to start, what will scale easily and what will deliver the greatest ROI. But the answer may be much simpler than it seems: automation. Now, apply generative AI to the already impactful automation technology.

Digital Transformation 93

Digital Transformation ROI Cost-Benefit Reporting 93

IBM Big Data Hub

JANUARY 25, 2024

The right cadence of messaging, tutorials, and solicitation of feedback is a great way to understand how customers are using an organization’s products and mitigate any early issues. Creating customer loyalty rewards It costs organizations more to attract new customers than to retain the ones they currently have.

Consulting 74

Consulting Cost-Benefit Sales Strategy 74

O'Reilly on Data

OCTOBER 22, 2020

We do so out of genuine curiosity as well as professional necessity: Q is an ML/AI consultant, Chris is a product manager in the AI space, and Shane is an attorney. They will get to what happened, along with when and how and why. What does this company really do? The authors’ jobs all involve asking questions.

Consulting 296

Consulting Risk Cost-Benefit Modeling 296

Smart Data Collective

MARCH 27, 2023

AI is driving major changes in the financial world. billion on AI in 2021 , but small businesses may spend even more on AI-driven financial management software. The banking industry is among those most heavily affected by AI. AI-based anti-money laundering solutions are also being used to prevent fraud.

Software 88

Software Finance Cost-Benefit Data-driven 88

Smart Data Collective

SEPTEMBER 10, 2022

A growing number of businesses have invested in AI to improve their business models. As a result, the market for AI technology is projected to be worth over $420 billion by 2028. Surveys have shown that 90% of the top businesses use AI , even though only 37% of companies use it at all. But does AI come at a cost?

Marketing 127

Marketing Technology Advertising Optimization 127

Cloudera

OCTOBER 6, 2022

CIO blog post : “Digital transformation is a foundational change in how an organization delivers value to its customers.”. A major goal of these projects is cost reduction; it’s not sexy, it’s pragmatic. Cost savings opportunities. These data lakes house much of the data needed to also support other use cases.

Digital Transformation 84

Digital Transformation Cost-Benefit Data Lake Machine Learning 84

CIO Business Intelligence

APRIL 30, 2024

Finding a new job when you’re in transition has different challenges than hopping from one job to another does. How you manage your time, emotions, and priorities during the transition impacts the opportunities, odds of getting offers, and your psyche. What does networking mean, and what activities lead to opportunities?

IT 78

IT Technology Advertising Marketing 78

CIO Business Intelligence

NOVEMBER 8, 2023

That’s where EVP and CIO Kathy Kay found herself in coming to Principal Financial Group from PG&E in May 2020 with a desire to lead an aggressive plan to adopt digital technologies, ranging from the cloud to AI. To enable more AI, Principal’s engineers are using GitHub Copilot for generating code, Kay adds.

IT 124

IT Insurance Machine Learning Cost-Benefit 124

IBM Big Data Hub

DECEMBER 18, 2023

Integrating GIS, artificial intelligence (AI) , the Internet of Things (IoT) , cloud and mobile technologies into field service management (FSM) makes the most current information available to field service technicians. The data from this soil and water analysis helps farmers improve yields while reducing costs and pollution runoff.

Internet of Things 106

Internet of Things IoT Forecasting Visualization 106

CIO Business Intelligence

AUGUST 7, 2023

Hardly a day goes by without some new business-busting development on generative AI surfacing in the media. And, in fact, McKinsey research argues the future could indeed be dazzling, with gen AI improving productivity in customer support by up to 40%, in software engineering by 20% to 30%, and in marketing by 10%.

Modeling 98

Modeling Sales Cost-Benefit Data Processing 98

CIO Business Intelligence

NOVEMBER 16, 2023

Generative AI is transforming the world, changing the way we create images and videos, audio, text, and code. According to a September survey of IT decision makers by Dell, 76% say gen AI will have a “significant if not transformative” impact on their organizations, and most expect to see meaningful results within the next 12 months.

Modeling 139

Modeling Enterprise Marketing Sales 139

CIO Business Intelligence

JUNE 21, 2023

Generative AI is changing the world of work, with AI-powered workflows now slated to streamline customer service, employee experience, IT, and other fields. One report estimates that 4,000 positions were eliminated by AI in May alone. One report estimates that 4,000 positions were eliminated by AI in May alone.

Modeling 105

Modeling Cost-Benefit Digital Transformation ROI 105