CIO Business Intelligence

APRIL 11, 2023

Over the next five years, the healthcare industry is expected to go through dramatic changes as service providers expand value-based care models and equipment manufacturers strive to keep pace in a digital-first world. Does this create any pressures on you and your IT organization to complete projects more quickly and with less risk involved?

Modeling 98

Modeling IT Strategy Uncertainty 98

O'Reilly on Data

JANUARY 22, 2019

An exploration of three types of errors inherent in all financial models. At Hedged Capital , an AI-first financial trading and advisory firm, we use probabilistic models to trade the financial markets. All financial models are wrong. Clearly, a map will not be able to capture the richness of the terrain it models.

Modeling 134

Modeling Finance Uncertainty Data mining 134

CIO Business Intelligence

APRIL 24, 2024

AI concerns remain While the collaboration between Microsoft and Cognizant might help CIOs better integrate generative AI into their enterprise strategies, its use still carries uncertainties, Marr said. Ensuring human oversight and rigorous quality checks can mitigate the risks associated with AI errors.”

Enterprise 121

Enterprise Digital Transformation Consulting Risk 121

IBM Big Data Hub

MARCH 25, 2024

This blog and the IBM Institute for Business Value study The Revolutionary Content Supply Chain aim to answer these questions to help executives and their employees to better understand the changing landscape in content creation and embrace the power of generative AI models when it comes to optimizing their content supply chains.

Uncertainty 103

Uncertainty Cost-Benefit Risk Measurement 103

O'Reilly on Data

JUNE 15, 2023

The world changed on November 30, 2022 as surely as it did on August 12, 1908 when the first Model T left the Ford assembly line. Should we risk loss of control of our civilization?” The creators of generative AI systems and Large Language Models already have tools for monitoring, modifying, and optimizing them.

Metrics 284

Metrics Reporting Measurement Finance 284

DataRobot

AUGUST 5, 2021

After Banjo CEO Damien Patton was exposed as a member of the Ku Klux Klan, including involvement in an anti-Semitic drive-by shooting, the state put the contract on hold and called in the state auditor to check for algorithmic bias and privacy risks in the software. The good news was the software posed less risk to privacy than suspected.

Uncertainty 98

Uncertainty Sales Risk Statistics 98

The Unofficial Google Data Science Blog

APRIL 23, 2024

Crucially, it takes into account the uncertainty inherent in our experiments. Experiments, Parameters and Models At Youtube, the relationships between system parameters and metrics often seem simple — straight-line models sometimes fit our data well. It is a big picture approach, worthy of your consideration.

Experimentation 52

Experimentation Optimization Uncertainty Metrics 52

Insight

FEBRUARY 19, 2020

Using variability in machine learning predictions as a proxy for risk can help studio executives and producers decide whether or not to green light a film project Photo by Kyle Smith on Unsplash Originally posted on Toward Data Science. Hollywood is a $10 billion-a-year industry, and movies range from huge hits to box office bombs.

Risk 67

Risk ROI Modeling Metrics 67

CIO Business Intelligence

JANUARY 11, 2024

IT leaders understand that the models are only as good as the information on which they are educated. Our biggest blocker to unleashing the power of AI is uncertainty over the integrity of the dataset it’s working from,” Dan Cohen, CIO and director of operations at The Amenity Collective, says in the report.

Enterprise 119

Enterprise Uncertainty Risk Management Reporting 119

bridgei2i

JUNE 2, 2020

Episode 7: The Impact of COVID-19 on Financial Services & Risk. The Impact of COVID-19 on Financial Services & Risk Management. And then there’s uncertainty on when this will come back to normal, what will it settle down as, etc. As past data isn’t relevant anymore, current models aren’t going to work.

Risk Management 128

Risk Management Risk Enterprise Management 128

CIO Business Intelligence

JULY 18, 2022

According to John-David Lovelock, research vice president at Gartner, inflationary pressures are top-of-mind for most IT decision-makers at the moment, which creates a degree of uncertainty—high prices today could become even higher tomorrow. in 2022, according to Gartner.

IT 137

IT Uncertainty Data-driven Sales 137

CIO Business Intelligence

OCTOBER 11, 2023

While international conflict, economic uncertainty and climate change are affecting businesses of all kinds, energy companies and utilities are also dealing with aging infrastructure, constant cyberattacks, increased regulation and rising customer expectations. And by 2028, the AI spend is likely to more than quadruple to 14.257 billion USD.

Unstructured Data 136

Unstructured Data Uncertainty Risk Data Processing 136

CIO Business Intelligence

SEPTEMBER 6, 2023

Since ChatGPT’s release in November of 2022, there have been countless conversations on the impact of similar large language models. While the potential of Generative AI in software development is exciting, there are still risks and guardrails that need to be considered. To learn more, visit us here.

Software 119

Software Experimentation Risk Data Lake 119

CIO Business Intelligence

JUNE 23, 2023

It helps reduce risk, increase efficiency, optimize resources, and improve both the customer and employee experience. When asked what keeps them up at night, IT leaders noted the need to improve overall IT performance (60%), followed by data security (50%), process risk and compliance (46%), and the need to improve agility (41%).

IT 97

IT Risk Management Risk Optimization 97

CIO Business Intelligence

DECEMBER 18, 2023

A primary fear is that employees, partners, and organizational stakeholders might share everything from private data to source code into public large language models (LLMs), expose proprietary information and intellectual property, or reveal vulnerabilities to exploit. So, simply blocking LLM access is not the right answer.

Enterprise 114

Enterprise Management Risk Uncertainty 114

Cloudera

DECEMBER 3, 2021

Surely there are ways to comb through the data to minimise the risks from spiralling out of control. Systems should be designed with bias, causality and uncertainty in mind. For example, training an interview screening model using education data often contains gender information. Model Drift. System Design.

Uncertainty 97

Uncertainty Measurement Metrics Risk 97

IBM Big Data Hub

FEBRUARY 20, 2024

Climate models provide answers Human activities precipitated changes to the Earth’s climate in the 20th century and will largely determine the future climate. Global climate models have given climate scientists a set of expectations as to what the future could hold, both for the Earth at large and for specific regions.

Modeling 119

Modeling Forecasting Reporting Risk 119

O'Reilly on Data

MARCH 31, 2020

Instead of writing code with hard-coded algorithms and rules that always behave in a predictable manner, ML engineers collect a large number of examples of input and output pairs and use them as training data for their models. Machine learning adds uncertainty. Models also become stale and outdated over time.

Management 332

Management Machine Learning Experimentation Metrics 332

Cloudera

JUNE 1, 2021

In summary, the next chapter for Cloudera will allow us to concentrate our efforts on strategic business opportunities and take thoughtful risks that help accelerate growth. It also means we can complete our business transformation with the systems, processes and people that support a new operating model. . Our strategy.

Uncertainty 144

Uncertainty Cost-Benefit Risk Strategy 144

IBM Big Data Hub

SEPTEMBER 28, 2023

An AI and data platform, such as watsonx, can help empower businesses to leverage foundation models and accelerate the pace of generative AI adoption across their organization. Business-targeted, IBM-developed foundation models built from sound data Business leaders charged with adopting generative AI need model flexibility and choice.

Testing 92

Testing Finance Enterprise Modeling 92

CIO Business Intelligence

MAY 23, 2023

Unlocking VMware’s potential Broadcom’s business model and its decades of focus on R&D combined with VMware’s core technology and superb talent will be the catalysts that will enable VMware to capture the growth opportunity in front of it. VMware needs more partners to grow, and we will help it succeed in doing so.

Uncertainty 136

Uncertainty Cost-Benefit Risk Technology 136

Rocket-Powered Data Science

JULY 19, 2023

The ease with which such structured data can be stored, understood, indexed, searched, accessed, and incorporated into business models could explain this high percentage. Data scientists work with business users to define and learn the rules by which precursor analytics models produce high-accuracy early warnings.

Data-driven 186

Data-driven Enterprise Analytics Machine Learning 186

CIO Business Intelligence

MARCH 14, 2022

Hubbard defines measurement as: “A quantitatively expressed reduction of uncertainty based on one or more observations.”. This acknowledges that the purpose of measurement is to reduce uncertainty. And the purpose of reducing uncertainty is to make better decisions. But if precision matters, you’ll need more context.

Uncertainty 92

Uncertainty Measurement Cost-Benefit Optimization 92

CIO Business Intelligence

JULY 23, 2023

EY recently found that in current economic and financial uncertainty, 94% of tech executives plan to increase their IT investment over the next year. People IT leaders are under enormous pressure to do more with less and create an IT department that can optimize their organization’s resources and reduce exposure to risk.

Optimization 76

Optimization IT Digital Transformation Uncertainty 76

CIO Business Intelligence

MAY 9, 2023

As you navigate the intricacies of workload placement, you face many challenges such as: Economic uncertainty (the market is whipsawing); deficit in IT talent (do you honestly recall a time this wasn’t an issue?); A Cloud Experience Boosts Business Value As it happens, an as-a-Service model can help deliver the cloud experience you seek.

ROI 119

ROI Cost-Benefit KPI Uncertainty 119

Jedox

SEPTEMBER 3, 2020

The new normal introduced new risks from employee health and safety, supply chain stress and government mandates – all with working capital implications. The unprecedented uncertainty forced companies to make critical decisions within compressed time frames. This placed an acute spotlight on planning agility. Conclusion.

Uncertainty 81

Uncertainty Forecasting Digital Transformation Risk 81

CIO Business Intelligence

JUNE 25, 2023

After being “awed” by OpenAI’s GPT model acing the AP Bio exam, the model was asked a non-technical question: “What do you say to a father with a sick child?” Fine-tuning models that run “on top” of foundation models requires less data, costs less, and can be completed quickly. Artificial Intelligence, Machine Learning

Finance 108

Finance Uncertainty Strategy Modeling 108

The Unofficial Google Data Science Blog

DECEMBER 4, 2019

Others argue that there will still be a unique role for the data scientist to deal with ambiguous objectives, messy data, and knowing the limits of any given model. This classification is based on the purpose, horizon, update frequency and uncertainty of the forecast.

Forecasting 113

Forecasting Data Science Statistics Uncertainty 113

O'Reilly on Data

SEPTEMBER 15, 2020

In my book, I introduce the Technical Maturity Model: I define technical maturity as a combination of three factors at a given point of time. Technical competence results in reduced risk and uncertainty. AI initiatives may also require significant considerations for governance, compliance, ethics, cost, and risk.

Cost-Benefit 293

Cost-Benefit Advertising ROI Machine Learning 293

CIO Business Intelligence

OCTOBER 18, 2023

If anything, 2023 has proved to be a year of reckoning for businesses, and IT leaders in particular, as they attempt to come to grips with the disruptive potential of this technology — just as debates over the best path forward for AI have accelerated and regulatory uncertainty has cast a longer shadow over its outlook in the wake of these events.

Risk 138

Risk Manufacturing Enterprise Technology 138

IBM Big Data Hub

APRIL 18, 2024

While these large language model (LLM) technologies might seem like it sometimes, it’s important to understand that they are not the thinking machines promised by science fiction. Most experts categorize it as a powerful, but narrow AI model. A key trend is the adoption of multiple models in production.

Cost-Benefit 88

Cost-Benefit Modeling Manufacturing Interactive 88

DataRobot

JUNE 1, 2021

Before you put a model into production, you may first need to clear compliance hurdles. You should first identify potential compliance risks, with each additional step again tested against risks. Typically, these areas require the most attention: model development, implementation, and use. Knowing When to Trust a Model.

Uncertainty 52

Uncertainty Machine Learning Advertising Risk 52

CIO Business Intelligence

AUGUST 14, 2023

The collaboration between Huabao and SAP continued as plans for a new foundation to support corporate development and business model transformation gathered speed. Capitalizing on SAP’s in-memory database, the solution is renowned for meeting the exact challenges Huabao hoped to address navigating uncertainty and refining business results.

Key Performance Indicator 96

Key Performance Indicator Sales Manufacturing KPI 96

CIO Business Intelligence

FEBRUARY 24, 2023

VMware Tanzu Labs partners with organizations worldwide to accelerate the delivery of software and modernize legacy apps, while reducing operating costs and risk working side by side with customers to build capabilities, transfer skills and knowledge, and instill a process that shows immediate and lasting impact. government.

Software 108

Software Uncertainty Risk Cost-Benefit 108

CIO Business Intelligence

JULY 31, 2023

1 question now is to allow or not allow,” says Mir Kashifuddin, data risk and privacy leader with the professional services firm PwC US. Rapidly evolving risks Companies that have blocked the use of gen AI are finding that some workers are still testing it out. How has, say, ChatGPT hit your business model?”

Strategy 97

Strategy Risk Enterprise Risk Management 97

CIO Business Intelligence

JANUARY 11, 2023

Noteworthy companies like Airbnb, Uber, and Apple innovated through major technology breakthroughs, but innovation doesn’t have to be a completely new business model. Fear of uncertainty: Business leaders need a certain amount of tolerance toward unpredictability (as evidenced by the recent global health crisis).

Enterprise 102

Enterprise Uncertainty Consulting Sales 102

CIO Business Intelligence

SEPTEMBER 20, 2023

They are afraid of failure and the uncertainty of knowledge work, and so that’s stressful. Agile is an amazing risk management tool for managing uncertainty, but that’s not always obvious.” The key is recognizing that planning must be an agile discipline, not a standalone activity performed independently of agile teams.

Digital Transformation 130

Digital Transformation Uncertainty Metrics Business Objectives 130