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 133

Enterprise Cost-Benefit Forecasting Strategy 133

CIO Business Intelligence

JANUARY 31, 2024

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. CIOs desperately need to find economic efficiencies that enable completing work faster and more accurately while simultaneously cutting costs. More stable service means more money for digital enterprises.

Data Collection 100

Data Collection Reporting Visualization Technology 100

IBM Big Data Hub

MARCH 4, 2024

We have all been witnessing the transformative power of generative artificial intelligence (AI), with the promise to reshape all aspects of human society and commerce while companies simultaneously grapple with acute business imperatives. We refer to this transformation as becoming an AI+ enterprise.

Enterprise 105

Enterprise ROI Risk Strategy 105

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

O'Reilly on Data

MAY 9, 2023

It’s hard to ignore the discussion around the Open Letter arguing for a pause in the development of advanced AI systems. Will they condemn all but a few of us to boring, impoverished lives? If these are indeed the dangers we face, pausing AI development for six months is certainly a weak and ineffective preventive.

Modeling 214

Modeling Reporting Data Governance Software 214

CIO Business Intelligence

FEBRUARY 16, 2024

Developing a data-led strategy The first, and most critical step in the process is accessing, integrating, and curating the underlying data that will be used to train and power AI models. According to an EXL Enterprise AI study , 74% of C-level leaders say data silos have been a barrier to enterprise-wide AI implementation.

Strategy 134

Strategy Insurance Digital Transformation Enterprise 134

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

CIO Business Intelligence

JANUARY 11, 2024

Add the rapid rise of generative AI, and the past year was one in which CIOs often found themselves on the back foot, reacting to disruptions and shifting strategies in real-time. These external factors can have a dramatic impact on business operations and strategic planning. Amid the restraints, however, Srivastava sees opportunities.

IT 129

IT Uncertainty Cost-Benefit Strategy 129

DataRobot Blog

DECEMBER 6, 2022

Other organizations are just discovering how to apply AI to accelerate experimentation time frames and find the best models to produce results. Other organizations are just discovering how to apply AI to accelerate experimentation time frames and find the best models to produce results. Improve Customer Conversion Rates with AI.

Experimentation 145

Experimentation Forecasting Data-driven Machine Learning 145

CIO Business Intelligence

AUGUST 30, 2023

In my previous column in May, when I wrote about generative AI uses and the cybersecurity risks they could pose , CISOs noted that their organizations hadn’t deployed many (if any) generative AI-based solutions at scale. A few months ago, monitoring these unsanctioned uses was not on a CISO’s list of to-dos.

Enterprise 132

Enterprise Risk Measurement Software 132

Timo Elliott

DECEMBER 14, 2023

But Generative AI brings a big caveat, and a big new opportunity. Generative AI can help turn data garbage into business gold. Data remains the biggest and most important factor in the usefulness of AI systems. Now new Generative AI technologies are providing another huge step forward in dealing with imperfect data.

Machine Learning 64

Machine Learning IoT Statistics Modeling 64

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 92

Modeling Sales Cost-Benefit Data Processing 92

CIO Business Intelligence

NOVEMBER 6, 2023

In addition to the usual technology considerations, economic, geopolitical, and supply-chain issues all compete for attention as IT leaders look to keep their organizations growing amid turbulent times. So how can IT pros prepare for success in the near future given the shifting business, technology, political, and economic landscape?

IT 139

IT Risk Technology Measurement 139

IBM Big Data Hub

SEPTEMBER 20, 2023

Few technologies have taken the world by storm the way artificial intelligence (AI) has over the past few years. AI and its many use cases have become a topic of public discussion no longer relegated to tech experts. AI’s value is not limited to advances in industry and consumer products alone.

Cost-Benefit 108

Cost-Benefit Digital Transformation Technology Modeling 108

CIO Business Intelligence

FEBRUARY 22, 2024

Since its creation over five years ago, the Digital Hub has included a team of experts in innovation, technologies, and trends — such as IoT, big data, AI, drones, 3D printing, or advances in customer experience — who work in concert with other business units to identify and execute new opportunities.

IT 102

IT Digital Transformation IoT Cost-Benefit 102

CIO Business Intelligence

OCTOBER 20, 2023

IT teams hold a lot of innovation power, as effective use of emerging technologies is crucial for informed decision-making and is key to staying a beat ahead of the competition. Cloud-based analytics, generative AI, predictive analytics, and more innovative technologies will fall flat if not run on real-time, representative data sets.

Data Integration 128

Data Integration Management Testing Software 128

DataRobot

JULY 6, 2021

The Behavioural Insights Team, also known unofficially as the “Nudge Unit,” was founded by the UK government in 2010 to use behavioral science to make public policies and services more effective. One of its more successful experiments is the use of peer pressure to improve tax collection. One of the employees knew us by name.

Marketing 105

Marketing Sales Data-driven Statistics 105

IBM Big Data Hub

NOVEMBER 6, 2023

Compared to large businesses, SMBs have fewer resources to help them weather an economic downturn or diversify into new value streams. And with SMBs representing 44% of the US GDP , they cannot be ignored. Generative AI tools like IBM watsonx.ai With usage-based pricing of products, SMBs pay for only what they use.

Cost-Benefit 109

Cost-Benefit Enterprise ROI Data Warehouse 109

CIO Business Intelligence

FEBRUARY 27, 2023

We’ve entered another year where current economic conditions are pressuring organizations to do more with less, all while still executing against digital transformation imperatives to keep the business running and competitive. According to Forrester , forty percent of firms will take a cloud-native first strategy.

Cost-Benefit 139

Cost-Benefit Digital Transformation Strategy Software 139

CIO Business Intelligence

FEBRUARY 7, 2023

In economic uncertainty, it’s natural for executives to explore where to reduce spending, trim the fat , so to speak, and cut enterprising investments as a matter of caution. For those companies that invest in customer experiences and relationships, the economic upside is already there.

Uncertainty 115

Uncertainty Cost-Benefit Sales Reporting 115

CIO Business Intelligence

JANUARY 15, 2024

Reengage with learning “The pandemic offered many of us a reprieve from attending conferences — and I enjoyed the break from conference food and delayed flights — but now it’s time to reengage,” says George F. Create a personal board of directors The use of a personal board of directors is a longstanding recommendation for executives.

IT 131

IT Consulting Strategy Sales 131

CIO Business Intelligence

AUGUST 9, 2023

It’s an appropriate takeaway for another prominent and high-stakes topic, generative AI. Generative AI “fuel” and the right “fuel tank” Enterprises are in their own race, hastening to embrace generative AI ( another CIO.com article talks more about this). Generative AI’s economic impact, per McKinsey , will add $2.6-4.4

Unstructured Data 94

Unstructured Data Modeling Data Architecture Enterprise 94

CIO Business Intelligence

JANUARY 2, 2024

CIOs are readying for another demanding year, anticipating that artificial intelligence, economic uncertainty, business demands, and expectations for ever-increasing levels of speed will all be in play for 2024. Yet, CIOs remain both undaunted by that list and expectant about what they can achieve. Claffey Jr.,

IT 144

IT Cost-Benefit Statistics Consulting 144

CIO Business Intelligence

OCTOBER 17, 2023

But the emergence of generative AI changes everything. But the emergence of generative AI changes everything. He adds, “This is behind the drive to generative AI by the cloud providers. He adds, “This is behind the drive to generative AI by the cloud providers. IBM, Oracle, and Salesforce are in the 2-3% range.)

Marketing 144

Marketing IT Cost-Benefit Enterprise 144

O'Reilly on Data

SEPTEMBER 15, 2021

In June 2021, we asked the recipients of our Data & AI Newsletter to respond to a survey about compensation. The results gave us insight into what our subscribers are paid, where they’re located, what industries they work for, what their concerns are, and what sorts of career development opportunities they’re pursuing.

Machine Learning 363

Machine Learning Statistics Reporting Consulting 363

CIO Business Intelligence

OCTOBER 3, 2023

Hyperautomation is a key enabler of digital transformation, often touted as being necessary for an organisation’s survival, but often hampered by economic pressures and talent shortages. It requires careful analysis of all processes, and in many cases changes to how individual process operate and interact. This is hyperautomation.

Cost-Benefit 117

Cost-Benefit Machine Learning Interactive Software 117

Smart Data Collective

JUNE 19, 2022

Companies are using AI to better understand their customers, recognize ways to manage finances more efficiently and tackle other issues. Since AI has proven to be so valuable, an estimated 37% of companies report using it. AI is particularly helpful with managing risks. Businesses do not exist on islands.

Risk 134

Risk Cost-Benefit Risk Management Manufacturing 134

Cloudera

DECEMBER 14, 2021

Artificial Intelligence (AI) has revolutionized how various industries operate in recent years. The AI process also helped them easily create tailored responses to 730M in-app messages and offer personalized plans to users across the country. . In 2021, the finalists under this category include the following organizations.

Data Lake 108

Data Lake Machine Learning Big Data Data-driven 108

CIO Business Intelligence

JULY 5, 2023

Two decades ago, as CIO and CTO at Nationwide Insurance, he inspired colleagues to implement what were then referred to as “green initiatives,” such as printing less paper and using more efficient lightbulbs. Other board members include IT leaders from Morgan Stanley , Allstate, Telefónica Germany, and Campbell Soup Company.

Data Processing 52

Data Processing Enterprise Measurement Insurance 52

Smart Data Collective

JANUARY 30, 2023

AI technology is becoming increasingly important for software developers. We talked about some of the ways software developers can create successful AI applications. However it is equally important to use existing AI tools strategically to improve the quality of the software app lications that you are trying to design.

Software 99

Software Strategy Testing Advertising 99

CIO Business Intelligence

MAY 24, 2023

Frameworks were already being used, but they weren’t publicly available,” she says. “I Throughout my time at Coors, I saw many examples of how they used the power of frameworks to keep everybody’s thoughts and actions in sync. Use your framework to orchestrate execution. That first and only refresh was on May 3, 2023.

Data Governance 107

Data Governance Data Quality Data Collection Management 107

IBM Big Data Hub

MAY 8, 2023

Artificial intelligence (AI) is polarizing. In my previous post , I described the different capabilities of both discriminative and generative AI, and sketched a world of opportunities where AI changes the way that insurers and insured would interact. It excites the futurist and engenders trepidation in the conservative.

Insurance 72

Insurance Risk Testing Data Quality 72

CIO Business Intelligence

DECEMBER 4, 2023

A recent Accenture analysis of more than 1,600 companies across 18 industries set out to understand what percentage of companies were strategically using technology to shape their business strategy. Need to embed a tool on your website to collect emails for lead generation? Seeing reports of a new technology?

Cost-Benefit 96

Cost-Benefit Strategy Technology Reporting 96

IBM Big Data Hub

JUNE 13, 2022

The use of artificial intelligence (AI) is now commonplace throughout society. The adoption of AI is driven by its utility and the improvements in efficiency it creates. Beyond these common uses of AI, there are also uses that regulators are beginning to identify as areas where there may be a higher risk.

Risk 98

Risk Risk Management Data-driven Metrics 98

DataRobot

JUNE 3, 2021

Gleiser is founder and CEO of Synarchy AI , where he works with businesses to help them benefit from machine learning and natural-language processing (NLP) to drive economic value, automate processes, and generate insights. We would use machines to evolve us to the point we don’t even need technology,” Ilan says. “We

Technology 98

Technology Finance Machine Learning Data Science 98

Cloudera

JULY 19, 2022

Consumers worldwide are projected to use mobile devices to make more than 30.7 Consumers worldwide are projected to use mobile devices to make more than 30.7 At the same time, synthetic identity fraud, including the use of personal identity information from children, is estimated to comprise 85% of fraud cases.

Predictive Analytics 84

Predictive Analytics Risk Machine Learning Measurement 84

Timo Elliott

MARCH 6, 2023

There has recently been a cambrian explosion of new AI opportunities, and here’s yet another example. He explains how businesses can leverage AI and machine learning to turn anything into a sensor, detect patterns in new ways, and augment human intelligence.

Machine Learning 111

Machine Learning Cost-Benefit Uncertainty Digital Transformation 111