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Is the gen AI bubble due to burst? CIOs face rethink ahead

CIO Business Intelligence

Many of those gen AI projects will fail because of poor data quality, inadequate risk controls, unclear business value , or escalating costs , Gartner predicts. Gen AI projects can cost millions of dollars to implement and incur huge ongoing costs, Gartner notes. For example, a gen AI virtual assistant can cost $5 million to $6.5

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How the GoDaddy data platform achieved over 60% cost reduction and 50% performance boost by adopting Amazon EMR Serverless

AWS Big Data

We share our benchmarking results and methodology, and insights into the cost-effectiveness of EMR Serverless vs. fixed capacity Amazon EMR on EC2 transient clusters on our data workflows orchestrated using Amazon Managed Workflows for Apache Airflow (Amazon MWAA). By early 2022, we successfully migrated our big data workloads to EMR on EC2.

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MLOps Helps Mitigate the Unforeseen in AI Projects

DataRobot Blog

The latest McKinsey Global Survey on AI proves that AI adoption continues to grow and that the benefits remain significant. But in the COVID-19 pandemic’s first year, many felt more strongly about the cost-savings front than the top line. Here the DataRobot view shows that the Challenger beats the Champion on some metrics, but not all.

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Sustainability trends: 5 issues to watch in 2024

IBM Big Data Hub

These efforts often go hand in hand with broader corporate sustainability initiatives and can lead to significant cost savings and improved environmental performance. As more companies set broad environmental, social and governance (ESG) goals, finding a way to track and accurately document progress is increasingly important.

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3 things CIOs can do to make gen AI synch with sustainability

CIO Business Intelligence

Sometimes it came in through the front door, but in most cases, it seeped in quietly, as knowledge workers experimented with it to write documents and email without necessarily admitting they were doing so. AI will benefit humanity in many ways,” says Koushik. And this is only the beginning.

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3 areas where gen AI improves productivity — until its limits are exceeded

CIO Business Intelligence

So it’s no surprise that companies continue to heavily invest in it since the release of Dall-E 2 and ChatGPT in late 2022, where they expect to see the greatest value in increased productivity, with some estimates showing improvements of 5% or more over the next 12 months, and headcounts to reduce by at least 5% as well. for every $1 spent.

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To Improve Customer Experience, Improve the Digital Employee Experience

CIO Business Intelligence

Employers benefitted too, releasing some of their real estate for savings on facility costs and reducing travel expenses. A Gartner HR study recently estimated that 24% of workers would likely shift to a new job in 2022 –and this turnover rate is especially true of knowledge workers who must interact daily with the company’s systems.