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 127

ROI Data-driven Enterprise Experimentation 127

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. and is now generally available with version 2.9.

Visualization 106

Visualization Cost-Benefit Modeling Machine Learning 106

CIO Business Intelligence

JANUARY 21, 2025

times compared to 2023 but forecasts lower increases over the next two to five years. It created fragmented practices in the interest of experimentation, rapid learning, and widespread adoption and it paid back productivity dividends in many areas. AI at Wharton reports enterprises increased their gen AI investments in 2024 by 2.3

Cost-Benefit 142

Cost-Benefit Data-driven Strategy Marketing 142

CIO Business Intelligence

SEPTEMBER 6, 2023

The use of AI-generated code is still in an experimental phase for many organizations due to numerous uncertainties such as its impact on security, data privacy, copyright, and more. Best practices and education Currently, there are no established best practices for leveraging AI in software development.

Software 119

Software Risk Experimentation Data Lake 119

CIO Business Intelligence

JUNE 21, 2024

Released in May 2023, the project — which garnered MITRE a 2024 CIO 100 Award for IT leadership and innovation — is integrated with MITRE’s 65-year-old knowledge base and tools, and has been put into production by more than 60% of its 10,000-strong workforce.

Experimentation 134

Experimentation Data mining Reporting Data Processing 134

The Unofficial Google Data Science Blog

APRIL 23, 2024

To find optimal values of two parameters experimentally, the obvious strategy would be to experiment with and update them in separate, sequential stages. Our experimentation platform supports this kind of grouped-experiments analysis, which allows us to see rough summaries of our designed experiments without much work.

Experimentation 52

Experimentation Optimization Uncertainty Metrics 52

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 Machine Learning Experimentation 145

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

IBM Big Data Hub

DECEMBER 14, 2023

As it has become tradition , the team creating the looks back and shares the personal highlights of the year 2023. Now, on to our personal highlights of 2023… Frederic AI – Last year in December, the buzz surrounding AI was palpable. Its goal is to advance open, safe and responsible AI. Quite fascinating.

Experimentation 65

Experimentation Testing Software Management 65

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

JANUARY 25, 2024

The AI hype cycle has peaked: Tens of thousands of companies helped get it there with generative AI in 2023, with two-thirds now reporting they have deployed GAI tools to their workforce. After a year of frenzied experimentation and investment, executives will have to identify truly valid use cases (and ROI) for AI in 2024.

ROI 105

ROI Experimentation Sales Machine Learning 105

CIO Business Intelligence

DECEMBER 11, 2024

Research from IDC predicts that we will move from the experimentation phase, the GenAI scramble that we saw in 2023 and 2024, and mature into the adoption phase in 2025/26 before moving into AI-fuelled businesses in 2027 and beyond. So what are the leaders doing differently?

ROI 59

ROI Experimentation Insurance Strategy 59

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 119

Digital Transformation Experimentation Sales Software 119

Dataiku

DECEMBER 21, 2023

This is, of course, backed by the notion that many companies spent much of 2023 experimenting with it and are at the point where it’s time to move from theory and experimentation to more wide-scale implementation.

Experimentation 83

Experimentation Enterprise Technology IT 83

CIO Business Intelligence

JANUARY 24, 2025

The scope of its efforts so far is demonstrated by its shift into lower-carbon businesses, power trading, and convenience stores, which represented just 3% of its investment in 2019 but 23% in 2023. In 2023, Infosys became bps main partner for end-to-end application services, helping to transform bps digital application landscape.

Digital Transformation 59

Digital Transformation B2B Testing Experimentation 59

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 116

Experimentation Deep Learning Enterprise Modeling 116

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

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 Machine Learning 135

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 Machine Learning Experimentation Data-driven 143

CIO Business Intelligence

MARCH 28, 2023

Here are some ways leaders can cultivate innovation: Build a culture of experimentation. Create a culture of experimentation and continuous improvement by giving employees the freedom to test new ideas and approaches to sustainability. Invest in technology. Register today. IT Leadership

Experimentation 98

Experimentation Metrics Measurement Digital Transformation 98

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 122

Uncertainty Reporting Experimentation Technology 122

CIO Business Intelligence

MARCH 19, 2025

Mark Brooks, who became CIO of Reinsurance Group of America in 2023, did just that, and restructured the technology organization to support the platform, redefined the programs success metrics, and proved to the board that IT is a good steward of the dollar. Thats a critical piece.

Metrics 64

Metrics Enterprise Cost-Benefit Experimentation 64

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 Cost-Benefit Experimentation Metrics 139

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 141

Risk Manufacturing Enterprise Technology 141

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

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 143

ROI Cost-Benefit Experimentation Deep Learning 143

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 140

Machine Learning Experimentation Insurance Modeling 140

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 140

Strategy Data Processing Experimentation Optimization 140

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

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

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 Machine Learning Experimentation Modeling 99

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 108

Risk Experimentation Testing Strategy 108

CIO Business Intelligence

OCTOBER 21, 2024

Meanwhile, Foundry found in its 2024 State of the CIO Study that 88% of CIOs said their role has become more digital and innovation focused, up from 85% in 2023. Slow progress frustrates teams and discourages future experimentation.” Here, CIOs and IT innovation leaders share five common roadblocks to IT innovation.

IT 137

IT Experimentation Cost-Benefit Consulting 137

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 116

Digital Transformation Experimentation Cost-Benefit Machine Learning 116

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

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

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