CIO Business Intelligence

SEPTEMBER 18, 2024

The company launched Einstein GPT in 2023 , introducing generative AI into its product set, with Einstein Copilot , a conversational AI assistant, following thereafter. These are all in early-stage experimentation mode and we are evaluating whether it makes sense for us.

Digital Transformation 111

Digital Transformation Experimentation Sales Software 111

Rocket-Powered Data Science

FEBRUARY 15, 2023

Generative AI is the biggest and hottest trend in AI (Artificial Intelligence) at the start of 2023. encouraging and rewarding) a culture of experimentation across the organization. Encourage and reward a Culture of Experimentation that learns from failure, “ Test, or get fired! Test early and often.

Strategy 290

Strategy Experimentation Uncertainty Machine Learning 290

CIO Business Intelligence

MAY 14, 2024

This expands on the chief data officer role he has been performing since he joined NASA in June 2023. According to research by Foundry from late 2023, 11% of midsize organizations had appointed someone to this role with another 21% looking to appoint a CAIO at some point. In many US agencies, the use of AI is experimental.

Experimentation 111

Experimentation Technology IT 111

Ontotext

DECEMBER 30, 2022

This makes 2023 both a very challenging and exciting year! 9 years of research, prototyping and experimentation went into developing enterprise ready Semantic Technology products. As we enter 2023, we are looking forward to doing more to deliver value for our customers and future clients.

Enterprise 52

Enterprise Sales Cost-Benefit Marketing 52

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. Provide sandboxes for safe testing of AI tools and applications and appropriate policies and guardrails for experimentation.

Experimentation 111

Experimentation Risk Cost-Benefit Strategy 111

CIO Business Intelligence

OCTOBER 17, 2024

] Forty-one percent of organizations adopted and used digital platforms for all or most functions in 2024, compared with just 26% in 2023, according to IDC’s May 2024 Future Enterprise Resiliency and Spending Survey, Wave 5. This approach is crucial for staying competitive in a rapidly evolving digital world.

Risk 92

Risk Experimentation Testing Strategy 92

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. Luckily, many are expanding budgets to do so. “94%

Digital Transformation 143

Digital Transformation Unstructured Data Machine Learning Risk Management 143

O'Reilly on Data

JUNE 11, 2024

It is important to be careful when deploying an AI application, but it’s also important to realize that all AI is experimental. Users will never see “This model has only been trained on data through July 2023.” The core of Answers was built through collaboration with a partner that provided the AI expertise.

Modeling 264

Modeling Experimentation Interactive Data-driven 264

Dataiku

MAY 19, 2023

As highlighted by respondents in the 2023 Dataiku-sponsored IDC InfoBrief "Create More Business Value From Your Organizational Data,” a lack of effective technology, production-ready data pipelines, and an environment that facilitates smooth project transitions from experimentation to production are some of the key reasons.

Experimentation 52

Experimentation IT Technology 52

DataRobot Blog

MARCH 8, 2023

DataRobot improves collaboration among AI teams so that they can discover and prove the value of models in business use cases through experimentation and then get models into production faster to improve how they run, grow, and optimize their business.

Enterprise 105

Enterprise Experimentation Machine Learning Data Science 105

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

CIO Business Intelligence

JUNE 25, 2024

This figure marks a notable increase compared to the peak of the “Great Resignation” in 2022, which saw 19% of workers considering a change, and 26% in 2023. “As Job satisfaction has increased, with 60% of workers expressing at least moderate satisfaction, up from 56% in 2023. While challenges remain, there are also positive signs.

Uncertainty 120

Uncertainty Reporting Experimentation Technology 120

CIO Business Intelligence

OCTOBER 3, 2024

billion in 2023 — with periodic spikes whenever IBM has introduced a new mainframe generation, Gartner claims. It’s a natural fit and will be interesting to see how these ensemble AI models work and what use cases will go from experimentation to production,” says Dyer. billion in 2015 to less than $6.5

Machine Learning 135

Machine Learning Experimentation Insurance Modeling 135

CIO Business Intelligence

APRIL 25, 2023

years to ChatGPT (November 2022), and only 4 months to GPT-4 (March 2023). By March of 2023, ChatGPT’s maker OpenAI announced the availability of GPT3.5 It’s hard to achieve a deep, experiential understanding of new technology without experimentation. It was 2 years from GPT-2 (February 2019) to GPT-3 (May 2020), 2.5

Experimentation 115

Experimentation Deep Learning Enterprise Modeling 115

CIO Business Intelligence

MARCH 7, 2023

While digital initiatives and talent are the board directors’ top strategic business priorities in 2023-2024, IT spending is forecasted to grow by only 2.4% Many CIOs will face a challenging year grappling with growing pressure from transformation initiatives, weekly layoff announcements, and the prospect of a recession.

Digital Transformation 145

Digital Transformation Data Governance Experimentation Machine Learning 145

CIO Business Intelligence

OCTOBER 15, 2024

According to the State of DevOps Report 2023 , only 18% of organizations achieved elite performance by deploying on demand, having a 5% change failure rate, and recovering from any failed deployment in under an hour.

Enterprise 143

Enterprise Testing Business Objectives Experimentation 143

CIO Business Intelligence

APRIL 29, 2024

They need to have a culture of experimentation.” The same Gartner forecast, using survey results from late 2023, found that 55% percent of all companies planned to deploy AI or machine learning tools by the end of this year. CIOs should be “change agents” who “embrace the art of the possible,” he says.

Forecasting 135

Forecasting Experimentation Risk Consulting 135

IBM Big Data Hub

MAY 25, 2023

In 2023 alone, IBM Consulting has interacted with more than 100 clients and completed dozens of engagements infusing generative AI alongside classical machine learning AI strategies. Generative AI has progressed quickly beyond experimentation; businesses are embracing it to improve customer service, seize new market opportunities and more.

Consulting 99

Consulting Experimentation Machine Learning Modeling 99

CIO Business Intelligence

AUGUST 15, 2024

Operating profit gains from AI doubled to nearly 5% between 2022 and 2023, with the figure expected to reach 10% by 2025, she adds. CIOs should first launch internal projects with low public-facing exposure , which can mitigate risk and provide a controlled environment for experimentation.

ROI 142

ROI Cost-Benefit Experimentation Deep Learning 142

CIO Business Intelligence

NOVEMBER 4, 2024

We launched the proof-of-value pilot in November 2023 and rolled it out to all team members by February 2024. “All [approximately] 560 team members are using this AI tool to quickly access over 500 policies and procedures, significantly saving time, and adding tremendous value,” Jeter says. “We It was very quick, and we have learned a lot.

Uncertainty 133

Uncertainty Cost-Benefit Risk Experimentation 133

CIO Business Intelligence

FEBRUARY 16, 2024

The cloud-native advantage ADP’s aggressive, early digital transformation has paid off nicely: Its expanded HCM portfolio is served to more than 1 million customers globally, up from 800,000 several years ago, with revenues at $18 billion in fiscal year 2023, up from $13 billion five years prior.

Digital Transformation 115

Digital Transformation Experimentation Cost-Benefit Machine Learning 115

CIO Business Intelligence

JULY 28, 2023

Tight budgets and labor shortages have remained an ongoing challenge for IT leaders in 2023. In addition to bottom-line benefits, employees are often inspired and motivated by innovation – seeking job opportunities that encourage experimentation and embrace new ideas. Step #4: Leverage AI and automation to scale AI is everywhere!

IT 98

IT Experimentation Digital Transformation Marketing 98

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 140

Risk Manufacturing Enterprise Technology 140

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). And at LinkedIn scale, those matchmaking processes have always relied on technology.

IT 139

IT Experimentation Cost-Benefit Metrics 139

CIO Business Intelligence

MAY 21, 2024

Along with code-generating copilots and text-to-image generators, which leverage a combination of LLMs and diffusion processing, LLMs are at the core of most generative AI experimentation in business today. In 2023, it was really dominated by models with text and code,” Chandrasekaran says.

IT 131

IT Cost-Benefit Experimentation Forecasting 131

CIO Business Intelligence

NOVEMBER 2, 2023

To be sure, enterprise cloud budgets continue to increase, with IT decision-makers reporting that 31% of their overall technology budget will go toward cloud computing and two-thirds expecting their cloud budget to increase in the next 12 months, according to the Foundry Cloud Computing Study 2023. 1 barrier to moving forward in the cloud.

Strategy 138

Strategy Data Processing Experimentation Optimization 138

CIO Business Intelligence

AUGUST 25, 2023

In this conversation with Foundry, Mitali discusses the accelerated importance of technology in healthcare, on enabling healthcare providers with data and why her team isn’t afraid of experimentation. Only then will they venture into experimentation or make bold attempts to foster innovation, for they know that their leader has their back.

Experimentation 97

Experimentation Digital Transformation Technology Data Collection 97

CIO Business Intelligence

JUNE 1, 2023

Fast forward to early 2023, and our survey found that only 36% of respondents prioritized metaverse programs, instead elevating AI (79%) and digital experience (56%) as top priorities. At the time, more than half of those polled said they had invested in “metaverse-like technologies.”

Marketing 98

Marketing B2B Experimentation Cost-Benefit 98

CIO Business Intelligence

NOVEMBER 15, 2022

But released the next day, the 2023 Gartner CIO and Technology Executive Survey revealed that EMEA-based CIOs expect IT budgets to increase 4.4% Gartner’s managing VP Mary Mesaglio said she remained optimistic for tech investments, with the latest crisis offering CIOs yet another opportunity to “make the difference”. global inflation rate.

Digital Transformation 143

Digital Transformation Experimentation Machine Learning Metrics 143

CIO Business Intelligence

AUGUST 14, 2024

Microsoft itself claims half of Fortune 500 companies use its Copilot tools and the number of daily users doubled in Q4 2023, although without saying how widely they’re deployed in those organizations. But experimentation to achieve significant results takes time. Although competitors have similar model gardens, at 13.8%

Enterprise 136

Enterprise Cost-Benefit Experimentation Modeling 136

CIO Business Intelligence

JULY 3, 2023

The 2023 State of the CIO survey reveals that 71% of CIO respondents anticipate greater involvement in business strategy over the next three years with 85% stating they were becoming more digital- and innovation-focused. But the rise of large language models (LLMs) is starting to make true knowledge management (KM) a reality.

Management 105

Management Experimentation Modeling Enterprise 105

Cloudera

OCTOBER 8, 2024

By 2023, the focus shifted towards experimentation. In 2022, the release of ChatGPT attracted over 100 million users within just two months, demonstrating the technology’s accessibility and its impact across various user skill levels.

Optimization 74

Optimization Experimentation Metrics Modeling 74

CIO Business Intelligence

OCTOBER 24, 2024

As they look to operationalize lessons learned through experimentation, they will deliver short-term wins and successfully play the gen AI — and other emerging tech — long game,” Leaver said. That gap, they predicted, will lead to a major vendor scaling back investments in 2025, emboldening other vendors to do the same.

ROI 112

ROI Data-driven Enterprise Experimentation 112

CIO Business Intelligence

MAY 10, 2024

One analyst says a solution like JSOC that uses both generative AI and machine learning models and is built in collaboration with customer service teams is ahead of the pack in an era still dominated by AI experimentation. “This is our first foundational step in automating that and making it as proactive as possible.”

Machine Learning 115

Machine Learning Experimentation Digital Transformation Modeling 115

Dataiku

MARCH 25, 2024

OBELICS is an open, massive, and curated collection of interleaved image-text web documents, containing 141 million English documents, 115 billion text tokens, and 353 million images, extracted from Common Crawl dumps between February 2020 and February 2023.

Visualization 132

Visualization Modeling Experimentation Testing 132

IBM Big Data Hub

DECEMBER 5, 2023

This data tracks closely with a recent IDC Europe study that found 40% of worldwide retailers and brands are in the experimentation phase of generative AI, while 21% are already investing in generative AI implementations. The impact of these investments will become evident in the coming years. trillion on retail businesses through 2029.

Unstructured Data 90

Unstructured Data Cost-Benefit Experimentation Machine Learning 90

CIO Business Intelligence

APRIL 12, 2024

Both projects were rolled out to pilot stores in late 2023, and Hey GURA was fully deployed to all 2,200-plus locations in 49 states earlier this year. The use of AI in the retail sector is in the experimental stage, and many retailers have gotten only as far as using AI-powered chatbots on websites, Kodali adds.

Experimentation 115

Experimentation Sales Digital Transformation Machine Learning 115