Rocket-Powered Data Science

FEBRUARY 15, 2023

Generative AI is the biggest and hottest trend in AI (Artificial Intelligence) at the start of 2023. 3) How do we get started, when, who will be involved, and what are the targeted benefits, results, outcomes, and consequences (including risks)? Test early and often. Test and refine the chatbot. Conduct market research.

Strategy 290

Strategy Experimentation Uncertainty Machine Learning 290

AWS Big Data

JANUARY 9, 2024

We are excited about the OpenSearch Service features and enhancements we’ve added to that toolkit in 2023. 2023 was a year of rapid innovation within the artificial intelligence (AI) and machine learning (ML) space, and search has been a significant beneficiary of that progress. Multi-modal search OpenSearch Service 2.11

Visualization 119

Visualization Cost-Benefit Modeling Machine Learning 119

CIO Business Intelligence

NOVEMBER 13, 2024

So for all its vaunted benefits to efficiency, gen AI doesn’t always reduce workloads. Woolley recommends that companies consolidate around the minimum number of tools they need to get things done, and have a sandbox process to test and evaluate new tools that don’t get in the way of people doing actual work.

IT 141

IT Consulting ROI Cost-Benefit 141

CIO Business Intelligence

DECEMBER 18, 2024

Reinforcing this claim, one in four IT executives from the 2023 AI Priorities Study believe their organization is moving too fast when it comes to deploying gen AI. Measuring the benefits A strong resilience strategy brings a handful of benefits, one of which is improved productivity , says Rajavel.

Risk 105

Risk Risk Management Cost-Benefit Measurement 105

AWS Big Data

NOVEMBER 26, 2024

Moreover, they can be combined to benefit from individual strengths. In later pipeline stages, data is converted to Iceberg, to benefit from its read performance. Traditionally, this conversion required time-consuming rewrites of data files, resulting in data duplication, higher storage, and increased compute costs.

Metadata 105

Metadata Data Lake Snapshot Data Warehouse 105

Smart Data Collective

MARCH 23, 2023

Many people have called 2023 “the year of AI.” Some companies are interested in taking advantage of the benefits of existing AI tools like ChatGPT. The ROI of creating their own AI applications can be massive, but they still need to use them cost-effectively.

Software 142

Software Strategy Cost-Benefit Testing 142

IBM Big Data Hub

SEPTEMBER 12, 2023

The UK government’s Ecosystem of Trust is a potential future border model for frictionless trade, which the UK government committed to pilot testing from October 2022 to March 2023. The models also reduce private sector customs data collection costs by 40%.

Testing 83

Testing Modeling Cost-Benefit Consulting 83

CIO Business Intelligence

NOVEMBER 14, 2024

IDC’s Global Retail Survey (July 2023) found that 36% plan to invest in robotics for guest and store services in the next 36 months. Competing on a level playing field with the biggest e-retail successes requires agility, with visibility into automated, digitized supply chains. And they are making progress.

IT 64

IT Cost-Benefit Manufacturing Sales 64

CIO Business Intelligence

MAY 1, 2024

For example, a quarter of IT decision-makers in Foundry’s 2023 AI Priorities Study are piloting gen AI technologies, but only 20% have moved on to deployment. But talking to IT teams like the AI professionals in Intel’s 2023 ML Insider survey suggests only 10% of organizations put gen AI solutions into production in 2023.

Cost-Benefit 143

Cost-Benefit Metrics Insurance Measurement 143

datapine

NOVEMBER 27, 2019

According to Gartner, poor data quality is estimated to cost organizations an average of $15 million per year in losses. We detailed the benefits and costs of good or bad quality data in our previous article on data quality management , where you can read the five important pillars to follow.

Business Intelligence 361

Business Intelligence Analytics Prescriptive Analytics Data Quality 361

CIO Business Intelligence

NOVEMBER 14, 2023

“Today we face the harsh reality of cloud costs, if not done right,” says Jay Upchurch, executive vice president and CIO at SAS. Cloud costs will often — and rapidly — become large line items on budgets. Cloud costs will often — and rapidly — become large line items on budgets. Are we taking advantage of cloud-native benefits?

Strategy 145

Strategy Cost-Benefit IT Key Performance Indicator 145

DataKitchen

MARCH 12, 2024

Key Success Metrics, Benefits, and Results for Data Observability Using DataKitchen Software Lowering Serious Production Errors Key Benefit Errors in production can come from many sources – poor data, problems in the production process, being late, or infrastructure problems. Data errors can cause compliance risks.

Metrics 117

Metrics Software Cost-Benefit Testing 117

AWS Big Data

NOVEMBER 8, 2023

Save the date: AWS re:Invent 2023 is happening from November 27 to December 1 in Las Vegas, and you cannot miss it. Hear about best practices that can help with migration while still maintaining costs, scale, and performance. re:Invent is a learning conference organized by AWS for the global cloud computing community.

Data-driven 105

Data-driven Machine Learning Data Lake Cost-Benefit 105

CIO Business Intelligence

DECEMBER 19, 2023

This year’s technology darling and other machine learning investments have already impacted digital transformation strategies in 2023 , and boards will expect CIOs to update their AI transformation strategies frequently. Meanwhile, CIOs must still reduce technical debt, modernize applications, and get cloud costs under control.

Digital Transformation 143

Digital Transformation Unstructured Data Machine Learning Risk Management 143

CIO Business Intelligence

FEBRUARY 12, 2024

As genAI caught fire in 2023, many organizations rushed to test and learn from the technology and harness it to grow productivity and improve processes. You’ll align desired near-term and future states to test-and-learn pilots as well as potential production projects. What does that vision look like?

IT 137

IT Consulting Cost-Benefit Uncertainty 137

CIO Business Intelligence

SEPTEMBER 1, 2023

based semiconductor giant opted to implement SDN within its chip-making facilities for the scalability, availability, and security benefits it delivers. Colby says it took a couple of years for the partners to build the blueprint and begin rolling out the solution to existing factories, including rigorous offline testing before beginning.

Manufacturing 130

Manufacturing IT Cost-Benefit IoT 130

CIO Business Intelligence

MAY 27, 2024

A study by Verizon in their 2023 Data Breach Investigations Report found that 68% of breaches involved a human element, such as social engineering, misuse of privileges, or simple mistakes. The incident cost Maersk over $300 million in losses. But it isn’t a question of ”if” an organization will be targeted, but “when.”

Cost-Benefit 116

Cost-Benefit Statistics ROI Measurement 116

CIO Business Intelligence

MAY 30, 2024

One of our key directives was to audit procurement for all state agencies by the end of the calendar year 2023,” McIntosh says. “To The demand is coming from companies [that] have been told by strategy firms that they must cut costs to preserve margins. ALPI) is also benefiting from process mining. 31 deadline.”

IT 140

IT Cost-Benefit Key Performance Indicator Dashboards 140

CIO Business Intelligence

OCTOBER 15, 2024

But continuous deployment isn’t always appropriate for your business , stakeholders don’t always understand the costs of implementing robust continuous testing , and end-users don’t always tolerate frequent app deployments during peak usage. CrowdStrike recently made the news about a failed deployment impacting 8.5

Enterprise 143

Enterprise Testing Business Objectives Experimentation 143

CIO Business Intelligence

AUGUST 8, 2024

Gen AI offers many opportunities to spend too much and get too little in return when, instead, companies can use their gen AI budgets more strategically, allowing them to reap more benefits from investments and pull ahead of their competitors. Last year, only 3% of respondents said that gen AI implementation cost was a concern.

Cost-Benefit 140

Cost-Benefit Modeling Consulting Enterprise 140

CIO Business Intelligence

OCTOBER 21, 2022

But, with all this growth comes new potential costs. Amid a fast-changing landscape, contact center executives have a critical task: Keep pace and grow while also reducing costs and driving efficiency. Let’s look at four key decisions that can fuel effective cost management in contact centers. billion by 2030, a CAGR of 24.8%.

Cost-Benefit 97

Cost-Benefit Testing Metrics Marketing 97

AWS Big Data

NOVEMBER 27, 2023

Today, we’re excited to bring the benefits of Graviton3 to Kafka workloads, with Amazon MSK now offering M7g instances for new MSK provisioned clusters. These performance improvements, along with M7g’s lower prices provide up to 24% in compute cost savings over M5 instances. Gbps up to 10 Gbps M7g.xlarge 4 16 GiB up to 12.5

Cost-Benefit 119

Cost-Benefit Optimization Testing Management 119

CIO Business Intelligence

MARCH 25, 2024

This article explores how CIOs can address each of their CFO’s key concerns when moving away from project-based teams to persistent funding, including the need to better track ROI, reduce risk, and reduce cost. The persistent teams used a benefits delivery roadmap, which outlined the SMART benefits to be delivered throughout the year.

Modeling 124

Modeling Cost-Benefit IT ROI 124

AWS Big Data

AUGUST 26, 2024

In this post, we explore the performance benefits of using the Amazon EMR runtime for Apache Spark and Apache Iceberg compared to running the same workloads with open source Spark 3.5.1 Additionally, the cost efficiency improves by 2.2 times, with the total cost decreasing from $16.09 on Iceberg tables. and turned on by default.

Cost-Benefit 111

Cost-Benefit Testing Optimization Metrics 111

CIO Business Intelligence

JANUARY 9, 2024

IT leaders say they’re discussing everything from the costs of AI implementations to whether AI is the existential threat to humanity some fear. ChatGPT caused quite a stir after it launched in late 2022, with people clamoring to put the new tech to the test. Which business cases actually need AI? It’s an interesting dilemma CIOs have.

IT 140

IT Risk Cost-Benefit Machine Learning 140

CIO Business Intelligence

SEPTEMBER 13, 2023

Indeed, 50% of C-suite execs surveyed for a 2023 report on digital transformation from fintech company Broadridge admitted they struggle to balance innovation with daily tasks. Failing to tie innovation to business value If innovation is happening on the company’s dime, company heads want to know how it could benefit them.

IT 136

IT Digital Transformation Risk Cost-Benefit 136

CIO Business Intelligence

FEBRUARY 29, 2024

Everest Group, which monitors 8,500 captive centers around the world, counted 452 new setups in 2023. Captive centers are no longer just means of value creation, providing cost savings and driving process standardization. The upside of captives today Some benefits of captive centers are the same as ever.

Cost-Benefit 116

Cost-Benefit Risk Modeling Enterprise 116

AWS Big Data

OCTOBER 1, 2024

Performance was tested on a Redshift serverless data warehouse with 128 RPU. In our testing, the dataset was stored in Amazon S3 in Parquet format and AWS Glue Data Catalog was used to manage external databases and tables. Amazon Redshift cost-based optimizer utilizes these statistics to come up with better quality query plans.

Data Lake 116

Data Lake Statistics Broadcasting Optimization 116

CIO Business Intelligence

SEPTEMBER 6, 2024

This shifting mindset in hiring is quickly growing in popularity for technical roles, according to a report from Test Gorilla, with 88% of tech companies reporting they’re using skills-based hiring to recruit new talent, and 89% of tech employers saying they’re satisfied with skills-based hires made in the past 12 months.

Cost-Benefit 134

Cost-Benefit Strategy Reporting Consulting 134

CIO Business Intelligence

JUNE 13, 2022

Juniper Research predicts that chatbots will account for 79% of successful mobile banking interactions in 2023. The very best conversational AI systems come close to passing the Turing test , that is, they are very difficult to distinguish from a human being. . The investments are paying off in more than increased customer loyalty.

Deep Learning 105

Deep Learning Data Processing Insurance Cost-Benefit 105

CIO Business Intelligence

JUNE 20, 2023

According to GitLab’s 2023 Global DevSecOps Report , 56% of organizations report using DevOps or DevSecOps methodologies, growing roughly 10% from 2022, for improved security, higher developer velocity, cost and time savings, and better collaboration. According to IBM , a single data breach costs $9.4 What is DevSecOps?

Cost-Benefit 98

Cost-Benefit Testing Software Reporting 98

CIO Business Intelligence

SEPTEMBER 17, 2024

Moreover, undertaking digital transformation and technology modernization programs without an architect can lead to delays, technical debt , higher costs, and security vulnerabilities. Product managers then propose digital KPIs and other metrics highlighting the business benefits delivered.

Enterprise 145

Enterprise Digital Transformation Cost-Benefit Risk 145

CIO Business Intelligence

AUGUST 15, 2024

For instance, the increasing cost of capital has affected access to and use of money across all sectors; an increasing regulatory focus on competition and industry dynamics has driven increased scrutiny as a critical factor for uncertainty; geopolitical uncertainties, including unprecedented conflicts across many regions, have forced delays.

Uncertainty 111

Uncertainty Risk Strategy Cost-Benefit 111

CIO Business Intelligence

SEPTEMBER 12, 2024

While his statement long predates the incredible generative AI explosion of 2023, his point is even more relevant in the case of free online generative AI tools. If the code isn’t appropriately tested and validated, the software in which it’s embedded may be unstable or error-prone, presenting long-term maintenance issues and costs.

Experimentation 111

Experimentation Risk Cost-Benefit Strategy 111

datapine

NOVEMBER 11, 2021

1) Benefits Of Business Intelligence Software. billion , paired with the fact that 33% of large-sized businesses will practice decision intelligence by 2023. Taking all these into consideration, it is impossible to ignore the benefits that your business can endure from implementing BI tools into their data management process.

Business Intelligence 213

Business Intelligence Dashboards Interactive Visualization 213

CIO Business Intelligence

APRIL 25, 2024

During the summer of 2023, at the height of the first wave of interest in generative AI, LinkedIn began to wonder whether matching candidates with employers and making feeds more useful would be better served with the help of large language models (LLMs). Cost considerations One aspect that Bottaro dubbed “a hurdle” was the cost.

IT 139

IT Cost-Benefit Experimentation Metrics 139

DataKitchen

FEBRUARY 21, 2023

On 24 January 2023, Gartner released the article “ 5 Ways to Enhance Your Data Engineering Practices.” Or, as one of our customers put it, “How do I increase the total amount of team insight generated without continually adding more staff (and cost)?” Staff turnover, stress, and unhappiness. And that code creates complexity.

Data-driven 130

Data-driven Testing Risk Cost-Benefit 130