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

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 119

Visualization Cost-Benefit Modeling Machine Learning 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

CIO Business Intelligence

JULY 31, 2023

Just look at the stats:Some 45% of 2,500 executives polled for a May 2023 report from research firm Gartner said the publicity around ChatGPT prompted them to increase their AI investments, 70% said their organization is already exploring gen AI, and 19% are in actual pilot or production mode. It’s not a hammer.

Strategy 98

Strategy Risk Enterprise Risk Management 98

CIO Business Intelligence

SEPTEMBER 27, 2023

By suggesting a number of use cases, we further encourage experimentation and creative application.” The initiative was driven in the first quarter of 2023 by leaders within the customer support organization, says David Lloyd, chief data officer.

Strategy 126

Strategy Data-driven Risk Technology 126

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

CIO Business Intelligence

DECEMBER 11, 2024

Newly released research from SASs Data and AI Pulse Survey 2024 Asia Pacific finds that only 18% of organisations can be categorised as AI leaders, where the organisation has an AI strategy and long-term investment plans in place. These ROI expectations exist despite many surveyed organisations not having a clear AI strategy.

ROI 59

ROI Experimentation Insurance Strategy 59

CIO Business Intelligence

AUGUST 15, 2024

Generative AI has been hyped so much over the past two years that observers see an inevitable course correction ahead — one that should prompt CIOs to rethink their gen AI strategies. Operating profit gains from AI doubled to nearly 5% between 2022 and 2023, with the figure expected to reach 10% by 2025, she adds.

ROI 143

ROI Cost-Benefit Experimentation Deep Learning 143

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

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. Here are three strategies designed to help CIOs and others maximize their return not just on AI, but all essential tech.

ROI 105

ROI Experimentation Sales Machine Learning 105

CIO Business Intelligence

SEPTEMBER 12, 2024

A product manager is under immense pressure to deliver complex customer insights that could pivot the company’s product strategy. 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.

Experimentation 111

Experimentation Risk Cost-Benefit Strategy 111

CIO Business Intelligence

MARCH 19, 2025

CIOs have the daunting task of educating it on the various flavors of this capability, and steering them to the most beneficial investments and strategies. When I joined RGA, there was already a recognition that we could grow the business by building an enterprise data strategy. Thats a critical piece.

Metrics 64

Metrics Enterprise Cost-Benefit Experimentation 64

CIO Business Intelligence

OCTOBER 15, 2024

Multicloud architectures, applications portfolios that span from mainframes to the cloud, board pressure to accelerate AI and digital outcomes — today’s CIOs face a range of challenges that can impact their DevOps strategies.

Enterprise 143

Enterprise Testing Business Objectives Experimentation 143

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

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

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. These strategies reduce reliance on digital devices and promote healthier habits and behaviors.

Risk 108

Risk Experimentation Testing Strategy 108

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 When it comes to ensuring employees are skilled for the AI age, organizations must ensure they are developing AI strategies, frameworks, guidance, and training programs.

Uncertainty 122

Uncertainty Reporting Experimentation Technology 122

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 Experimentation Testing 59

CIO Business Intelligence

MARCH 28, 2023

Through their actions, strategies, and decisions, they make strides in important areas, whether that’s reducing energy consumption, shrinking their carbon footprint, or reducing waste. Here are some ways leaders can cultivate innovation: Build a culture of experimentation. Invest in technology. Register today. IT Leadership

Experimentation 98

Experimentation Metrics Measurement Digital Transformation 98

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.” As McCormack notes, there are multiple strategies to support innovation.

IT 137

IT Experimentation Cost-Benefit Consulting 137

DataRobot Blog

MARCH 8, 2023

SAP AI Solutions: Making Business Applications More Intelligent AI is at the heart of the SAP strategy to help customers become intelligent, sustainable enterprises. Tune in to learn more. Registration is free for both events. You can learn more about today’s DataRobot and SAP announcements here: Attend SAP DataUnleashed – Mar.

Enterprise 105

Enterprise Experimentation Machine Learning Data Science 105

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

The Unofficial Google Data Science Blog

APRIL 23, 2024

It is also a sound strategy when experimenting with several parameters at the same time. To find optimal values of two parameters experimentally, the obvious strategy would be to experiment with and update them in separate, sequential stages. (And sometimes even if it is not[1].)

Experimentation 52

Experimentation Optimization Uncertainty Metrics 52

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. IDC 1 estimates the AI Services market will grow from approximately $36 billion USD in 2023 to approximately $65 billion USD in 2026.

Consulting 99

Consulting Machine Learning Experimentation Modeling 99

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. It allows others to move very quickly as well.

Digital Transformation 116

Digital Transformation Experimentation Cost-Benefit Machine Learning 116

CIO Business Intelligence

JULY 7, 2023

Improving employee productivity and collaboration is a top business objective, according to the 2023 Foundry Digital Business Study. Adopting a strategy for single identity and access management not only assists with enforcing security policies organization-wide, but also optimizes the employee experience,” Krumova said.

Measurement 122

Measurement Risk Experimentation Enterprise 122

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

DECEMBER 29, 2023

Among the various strategies at our disposal, automation stands out as a pivotal solution,” she says. “In Adaptability and useability of AI tools For CIOs, 2023 was the year of cautious experimentation for AI tools. Adaptability and useability of AI tools For CIOs, 2023 was the year of cautious experimentation for AI tools.

Cost-Benefit 139

Cost-Benefit Digital Transformation Consulting Strategy 139

CIO Business Intelligence

OCTOBER 9, 2023

Christian Mate, CIO, Elara Caring Elara Caring CIOs have more tactical aspirations right now, especially with regard to digital initiatives, according to Gartner’s 2023 CIO and Technology Executive Agenda. Tech leaders must focus on a business-aligned tech strategy to deliver on the competing mandates, Guarini says. “A

Strategy 137

Strategy Technology Experimentation Testing 137

CIO Business Intelligence

JULY 27, 2023

Instead, he’s implementing a dual-track strategy: to limit generative AI utilization through strict policies, while rapidly developing and piloting approved and safe applications. Other CIOs have adopted similar strategies. Those early applications are now nearing fruition. “We If anything, 5% is conservative.

IT 98

IT Insurance Strategy Risk 98

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

CIO Business Intelligence

APRIL 12, 2024

With information about products and availability constantly changing, Tractor Supply sees Hey GURA as a “knowledge base and a training platform,” says Rob Mills, chief technology, digital commerce, and strategy officer at Tractor Supply. Customers may have questions about plants to grow in a certain climate zone, for example.

Experimentation 116

Experimentation Sales Digital Transformation Machine Learning 116

CIO Business Intelligence

JANUARY 2, 2024

With AI being the talk of 2023, [there were questions on] how do we, as a company, handle its adoption, governance, and education about it to our employees,” he says. He plans to scale his company’s experimental generative AI initiatives “and evolve into an AI-native enterprise” in 2024. IT Leadership, IT Strategy

IT 144

IT Cost-Benefit Statistics Consulting 144

IBM Big Data Hub

DECEMBER 5, 2023

Retailers recognize the need to build their strategies around AI, integrating it into many aspects of their operations. 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.

Unstructured Data 90

Unstructured Data Cost-Benefit Machine Learning Experimentation 90

CIO Business Intelligence

AUGUST 14, 2024

In fact, many similar advantages and disadvantages will likely apply to any AI platform provider that enterprises choose, and CIOs need to consider these wider questions in their gen AI strategy. of the market according to IDC , Microsoft 2023 revenue from its AI platform services was more than double Google (5.3%) and AWS (5.1%) combined.

Enterprise 136

Enterprise Cost-Benefit Experimentation Modeling 136

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

CIO Business Intelligence

JUNE 6, 2023

Organize frequent startup pitches and demos With venture capital investment continuing to fall in 2023 , more startups should find themselves eager to partner with enterprises, and that presents IT leaders a wealth of opportunities to improve their innovation outlook. Digital Transformation, Innovation, IT Strategy, Startups

Key Performance Indicator 105

Key Performance Indicator Cost-Benefit Enterprise Experimentation 105