CIO Business Intelligence

JANUARY 21, 2025

In 2024, departments and teams experimented with gen AI tools tied to their workflows and operating metrics. It created fragmented practices in the interest of experimentation, rapid learning, and widespread adoption and it paid back productivity dividends in many areas. Why should CIOs bet on unifying their data and AI practices?

Cost-Benefit 142

Cost-Benefit Data-driven Strategy Marketing 142

AWS Big Data

JANUARY 15, 2025

In this post, we show you how EUROGATE uses AWS services, including Amazon DataZone , to make data discoverable by data consumers across different business units so that they can innovate faster. We encourage you to read Amazon DataZone concepts and terminology to become familiar with the terms used in this post.

IoT 110

IoT Machine Learning Metadata Data-driven 110

CIO Business Intelligence

NOVEMBER 15, 2022

Approximately 34% are increasing investment in artificial intelligence (AI) and 24% in hyper-automation as well.

Digital Transformation 143

Digital Transformation Machine Learning Experimentation Data-driven 143

CIO Business Intelligence

APRIL 25, 2024

Fits and starts As most CIOs have experienced, embracing emerging technologies comes with its share of experimentation and setbacks. Without automated evaluation, LinkedIn reports that “engineers are left eye-balling results and testing on a limited set of examples and having a more than a 1+ day delay to know metrics.”

IT 139

IT Cost-Benefit Experimentation Metrics 139

AWS Big Data

FEBRUARY 12, 2024

It makes it fast, simple, and cost-effective to analyze all your data using standard SQL and your existing business intelligence (BI) tools. A series of materialized view refreshes are used to calculate metrics, after which the incremental data from S3 is loaded into Redshift.

Analytics 118

Analytics Data Warehouse Snapshot Cost-Benefit 118

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. Issues around data governance and challenges around clear metrics follow the top challenge areas.

ROI 59

ROI Experimentation Insurance Strategy 59

CIO Business Intelligence

MARCH 28, 2023

Innovation is a critical driver of business success, and leaders play a crucial role in fostering a culture of innovation within their organizations. Here are some ways leaders can cultivate innovation: Build a culture of experimentation. Use data and metrics. Invest in technology. Encourage stakeholder feedback.

Experimentation 98

Experimentation Metrics Measurement Digital Transformation 98

CIO Business Intelligence

MAY 1, 2024

Pilots can offer value beyond just experimentation, of course. McKinsey reports that industrial design teams using LLM-powered summaries of user research and AI-generated images for ideation and experimentation sometimes see a reduction upward of 70% in product development cycle times. Now nearly half of code suggestions are accepted.

Cost-Benefit 143

Cost-Benefit Metrics Insurance Measurement 143

CIO Business Intelligence

AUGUST 15, 2024

A virtual assistant may save employees time when searching for old documents or composing emails, but most organizations have no idea how much time those tasks have taken historically, having never tracked such metrics before, she says.

ROI 143

ROI Cost-Benefit Experimentation Deep Learning 143

Occam's Razor

NOVEMBER 5, 2007

For a person such as myself who came from the traditional Data Warehouse and Business Intelligence worlds that was a non-trivial mental model transformation. Experimentation & Testing : Google Website Optimizer, Offermatica, Optimost etc. Competitive Intelligence : Compete, HitWise, Technorati etc.

Analytics 98

Analytics Experimentation Metrics Measurement 98

CIO Business Intelligence

DECEMBER 19, 2024

While crucial, if organizations are only monitoring environmental metrics, they are missing critical pieces of a comprehensive environmental, social, and governance (ESG) program and are unable to fully understand their impacts. of survey respondents) and circular economy implementations (40.2%).

IT 52

IT IoT Machine Learning Optimization 52

CIO Business Intelligence

NOVEMBER 21, 2023

CIOs need a way to capture lightweight business cases or forecast business value to help prioritize new opportunities. “Any Any use case that ranks high in any of these criteria should be managed by the IT department, while the remaining can be delegated to the business units.”

IT 137

IT Risk Cost-Benefit Data Science 137

CIO Business Intelligence

JULY 5, 2024

So, to maximize the ROI of gen AI efforts and investments, it’s important to move from ad-hoc experimentation to a more purposeful strategy and systematic approach to implementation. Here are five best practices to get the most business benefit from gen AI.

ROI 124

ROI Experimentation Risk Cost-Benefit 124

CIO Business Intelligence

MARCH 21, 2022

Quantitative analysis: Quantitative analysis improves your ability to run experimental analysis, scale your data strategy, and help you implement machine learning. Product intuition: Understanding products will help you perform quantitative analysis and better predict system behavior, establish metrics, and improve debugging skills.

Unstructured Data 137

Unstructured Data Data Analytics Analytics Data Science 137

CIO Business Intelligence

NOVEMBER 13, 2023

Foster a culture of innovation: Digital transformation requires innovation and experimentation, and thus a culture for embracing new technologies and ideas. This involves setting up metrics and KPIs and regularly reviewing them to identify areas for improvement.

Digital Transformation 143

Digital Transformation Cost-Benefit Experimentation Measurement 143

Occam's Razor

AUGUST 13, 2012

That means: All of these metrics are off. The central team is responsible for analytics frameworks, centralized contracts (tools, consultants), for aggregated company level analysis, complex project execution (experimentation, media mix models etc) and for setting standards. Pick metrics that matter. Hopefully soon!

Modeling 125

Modeling Metrics Data Quality Data-driven 125

CIO Business Intelligence

JULY 8, 2022

Road-mapping and transformations also become easier as each group can undertake the work that will most affect its assigned success metrics. When operations and innovation activities reside under the same umbrella, those metrics might be at odds, such as measures of reliability and stability versus those of experimentation.

Cost-Benefit 122

Cost-Benefit Measurement Modeling Metrics 122

CIO Business Intelligence

APRIL 2, 2024

Joanne Friedman, PhD, CEO, and principal of smart manufacturing at Connektedminds, says orchestrating success in digital transformation requires a symphony of integration across disciplines : “CIOs face the challenge of harmonizing diverse disciplines like design thinking, product management, agile methodologies, and data science experimentation.

Management 140

Management Digital Transformation Testing Experimentation 140

CIO Business Intelligence

APRIL 12, 2024

Computer Vision also gives insights about customer traffic in stores, including metrics on conversion rate and sales numbers, thus helping the company decide what products to stock, how to display them, and how to arrange products across the store, Allison adds.

Experimentation 116

Experimentation Sales Digital Transformation Machine Learning 116

CIO Business Intelligence

MARCH 5, 2024

Many other platforms, such as Coveo’s Relative Generative Answering , Quickbase AI , and LaunchDarkly’s Product Experimentation , have embedded virtual assistant capabilities but don’t brand them copilots. As copilot technology capabilities are changing rapidly, leaders should frequently identify metrics and evaluate strategies.

Advertising 124

Advertising Cost-Benefit Experimentation Reporting 124

CIO Business Intelligence

JUNE 11, 2024

Before we rebrand, we need to reposition and ensure that everybody understands that what’s changed is experimentation, innovation, and not just the technology but how it’s applied, which is actually more important than the technology itself.” Joanne Friedman, PhD and CEO of Connektedminds, takes a pragmatic approach to IT rebranding.

IT 136

IT Digital Transformation Broadcasting Business Objectives 136

CIO Business Intelligence

JULY 11, 2023

For example, a good result in a single clinical trial may be enough to consider an experimental treatment or follow-on trial but not enough to change the standard of care for all patients with a specific disease. In short, providers must demonstrate that their models are safe and effective.

Modeling 95

Modeling Testing Experimentation Risk Management 95

CIO Business Intelligence

DECEMBER 14, 2023

Reining in the rugged and remote Through rapid cycles of discovery and experimentation, Mathur and De Bernardi’s cross-functional team devised a solution that leaned heavily on additive manufacturing, more commonly known as “3D printing.”

Manufacturing 100

Manufacturing Digital Transformation Experimentation Cost-Benefit 100

CIO Business Intelligence

APRIL 18, 2022

They also advise communicating the dashboard’s value consistently since that will drive effective dashboard use, both to increase adoption and to improve company performance on key dashboard metrics, the brief says. They invest in cloud experimentation. They invest in their teams to spur innovation.

Digital Transformation 145

Digital Transformation Dashboards Cost-Benefit Consulting 145

AWS Big Data

JULY 20, 2023

This data is then used by various applications for streaming analytics, business intelligence, and reporting. Additionally, partition evolution enables experimentation with various partitioning strategies to optimize cost and performance without requiring a rewrite of the table’s data every time.

Data Lake 98

Data Lake Analytics Snapshot Data Quality 98

CIO Business Intelligence

MAY 16, 2023

It surpasses blockchain and metaverse projects, which are viewed as experimental or in the pilot stage, especially by established enterprises. AI surpassed other technologies in conversations about innovation The research underscores that AI is leading the way in accelerating innovation.

Advertising 105

Advertising Recreation/Entertainment Experimentation Data Collection 105

DataRobot

APRIL 29, 2021

Rob O’Neill is Head of Analytics for the University Hospitals of Morecambe Bay, NHS Foundation Trust , where he leads teams focused on business intelligence, data science, and information management. Eric Weber is Head of Experimentation And Metrics for Yelp.

Machine Learning 59

Machine Learning Data Science Experimentation Data-driven 59

CIO Business Intelligence

AUGUST 21, 2024

Our goal is to analyze logs and metrics, connecting them with the source code to gain insights into code fixes, vulnerabilities, performance issues, and security concerns,” he says. But multiagent AI systems are still in the experimental stages, or used in very limited ways.

Risk 136

Risk Insurance Cost-Benefit Software 136

CIO Business Intelligence

JUNE 27, 2022

Tyson: You’re coming up to two years since you added Sentry’s ability to monitor for performance which has some pretty fine-grained metrics in terms of identifying where bottlenecks are located in code. A lot of the current approaches feel very experimental and are tough to see as maintainable, so there’s certainly still room for growth here.

Software 115

Software Experimentation Testing Marketing 115

Occam's Razor

JULY 26, 2010

Usually you don't need a complicated multi year data warehousing effort with expensive business intelligence tools to buy. PALM: People Against Lonely Metrics]. So why not your metrics? This is the problem with lonely metrics. Why not find a BFF for your lonely metric and present something like this.

Metrics 96

Metrics Measurement Dashboards Reporting 96

Occam's Razor

MARCH 23, 2010

Because every tool uses its own sweet metrics definitions, cookie rules, session start and end rules and so much more. If you don't kill 25% of your metrics each year, you are doing something wrong. You'll re-visit your assumptions and what's important to the business. Likely not. Omniture cannot save you.

Analytics 119

Analytics Consulting Metrics Experimentation 119

CIO Business Intelligence

AUGUST 5, 2024

Some important steps that need to be taken to monitor and address these issues include specific communication and documentation regarding GenAI usage parameters, real-time input and output logging, and consistent evaluation against performance metrics and benchmarks. To learn more, visit us here.

Experimentation 124

Experimentation Risk Metadata Data-driven 124

CIO Business Intelligence

OCTOBER 1, 2024

Organizations rolling out AI tools first need to set reasonable expectations and establish key metrics to measure the value of the deployment , he says. Measure everything Looking for ROI too soon is often a product of poor planning, says Rowan Curran, an AI and data science analyst at Forrester.

ROI 131

ROI IT Measurement Experimentation 131

Domino Data Lab

FEBRUARY 4, 2019

Spoiler alert: a research field called curiosity-driven learning is emerging at the nexis of experimental cognitive psychology and industry use cases for machine learning, particularly in gaming AI. Ensure a culture that supports a steady process of learning and experimentation.

Data Science 66

Data Science Experimentation Machine Learning Data-driven 66

CIO Business Intelligence

MAY 20, 2024

Instead, companies should use metrics other than budget targets for rewards. Its knowledge assembly culture reflects a commitment to constant innovation and learning via experimentation and risk-taking that has led to a diverse range of businesses, from e-commerce to cloud computing.

Management 122

Management Interactive Measurement Marketing 122

Occam's Razor

FEBRUARY 7, 2011

But each keyword gets "credit" for other metrics. I have personally had a lot of success using Controlled Experimentation techniques, such as, say, Media Mix Modeling, to understand both current available demand and also segment conversion effectiveness. And this has to be a continuous approach and not discreet. I hope never.

Analytics 94

Analytics Measurement Metrics Predictive Analytics 94

CIO Business Intelligence

FEBRUARY 3, 2023

They then reported back on the score’s movement of the score, going from68 to 98 in a year based on 10 core security metrics provided by securityscorecard.com, with 100 meaning there were no vulnerabilities on the visible attack surface. “At “We used a security scorecard benchmark and said we could become the most secure global mint.”

IT 52

IT Experimentation Scorecard Digital Transformation 52