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

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

Digital Transformation 143

Digital Transformation Unstructured Data Machine Learning Risk Management 143

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

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

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

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.

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Uncertainty Reporting Experimentation Technology 122

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. AI governance frameworks and platforms Travelers is another large enterprise that has been developing its AI governance strategy for some time, says Mojgan LeFebvre, the company’s EVP and chief technology and operations officer. “As

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Uncertainty Cost-Benefit Risk Experimentation 137

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. In 2025, they said, AI leaders will have to face the reality that there are no shortcuts to AI success.

ROI 124

ROI Data-driven Enterprise Experimentation 124

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

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.

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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

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

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

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

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.

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Unstructured Data Cost-Benefit Experimentation Machine Learning 90

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

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

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

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. Advanced Deployment Patterns: Supports sophisticated deployment strategies like canary and blue-green deployments*, as well as A/B testing*, enabling safe and gradual rollouts of new model versions.

Optimization 75

Optimization Experimentation Metrics Modeling 75

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

MAY 14, 2024

In 2023, King County reported about 1,300 fatal drug overdoses. This project focuses on this very classic problem of taking a highly manual process, applying some readily available kind of classic automation techniques,” says Grace Preyapongpisan, director of data strategy and operations for the King County Department of IT.

Deep Learning 97

Deep Learning Machine Learning Reporting Experimentation 97

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 Experimentation Risk Enterprise 122

IBM Big Data Hub

MAY 17, 2024

” Given the statistics—82% of surveyed respondents in a 2023 Statista study cited managing cloud spend as a significant challenge—it’s a legitimate concern. A successful cloud strategy requires a comprehensive assessment of cloud maturity. DevOps and DevSecOps are operational, highly skilled and fully scaled.

Modeling 96

Modeling Cost-Benefit Optimization Digital Transformation 96

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.

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Cost-Benefit Digital Transformation Consulting Strategy 139

CIO Business Intelligence

JULY 3, 2024

The stories abound about pricing increases following Broadcom’s acquisition of VMware in late 2023. In the short term this might be the only practical option as the options might require both time and experimentation. This reduces concerns about compatibility but represents a significant strategy and infrastructure change.

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Testing Modeling Marketing Experimentation 85

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

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

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.

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Visualization Modeling Experimentation Testing 132

CIO Business Intelligence

AUGUST 25, 2023

It’s around these four work streams that leading organizations are positioning themselves to mature their data strategies and, in doing so, answer not only today’s AI questions but tomorrow’s. You need to re-envision business strategies with the exponential scale of AI in mind,” he says. You can’t wrangle AI by yourself.

Strategy 98

Strategy Data Strategy Experimentation Uncertainty 98

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

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

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Key Performance Indicator Cost-Benefit Enterprise Experimentation 105

CIO Business Intelligence

FEBRUARY 21, 2023

Yet in 2023, the brewer faces new constraints, such as an expected recession, rising barley and energy prices, and aluminum supply chain shortages. Strategically, Ing Yan says there’s board alignment with the launch of a new digital strategy, and close collaboration with his CDO, who sits on the board.

Sales 105

Sales Digital Transformation Experimentation Optimization 105

AWS Big Data

AUGUST 21, 2023

In particular, our experimentation shows that hybrid search, combining lexical and vector approaches, typically results in a 15% improvement in search result quality over lexical or vector search alone on industry-standard test sets, as measured by the NDCG@10 metric (Normalized Discounted Cumulative Gain in the first 10 results).

Data Processing 92

Data Processing Visualization Experimentation Metrics 92

CIO Business Intelligence

AUGUST 17, 2023

Generative AI is a key part of our business strategy, facilitating growth with AI-enabled processes already live in production,” he says. Neil Ward-Dutton, VP, AI and Intelligent Process Automation European Practices at IDC , suggests that generative AI usage is high but business strategy may lag.

Risk 98

Risk Cost-Benefit Strategy Unstructured Data 98

AWS Big Data

NOVEMBER 14, 2023

Amazon Kinesis Data Streams is a foundational data strategy pillar for tens of thousands of customers. A data strategy that incorporates streaming is necessary to deliver personalization and proprietary data that is available for querying in real time. Real-time streaming data technologies are essential for digital transformation.

IoT 59

IoT Data-driven Data Lake Data Strategy 59