CIO Business Intelligence

NOVEMBER 11, 2024

While the ROI of any given AI project remains uncertain , one thing is becoming clear: CIOs will be spending a whole lot more on the technology in the years ahead. AI spending on the rise Two-thirds (67%) of projected AI spending in 2025 will come from enterprises embedding AI capabilities into core business operations, IDC claims.

ROI 137

ROI Cost-Benefit Risk Experimentation 137

CIO Business Intelligence

JULY 5, 2024

This is why many enterprises are seeing a lot of energy and excitement around use cases, yet are still struggling to realize ROI. 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.

ROI 124

ROI Experimentation Risk Cost-Benefit 124

CIO Business Intelligence

MAY 23, 2022

The cloud is great for experimentation when data sets are smaller and model complexity is light. Often the burden of platform development can fall on data science and developer teams who know what they need for their projects, but whose skills are better served focusing on experimentation with algorithms instead of systems development.

Experimentation 137

Experimentation Cost-Benefit Data Lake Data Science 137

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. 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

Determining the ROI for “ubiquitous” gen AI uses, such as virtual assistants or intelligent chatbots , can be difficult, says Frances Karamouzis, an analyst in the Gartner AI, hyper-automation, and intelligent automation group. CIOs need to be able to articulate the business value and expected ROI of each project.

ROI 143

ROI Cost-Benefit Experimentation Deep Learning 143

CIO Business Intelligence

JANUARY 25, 2024

For enterprise executives in 2024, that means right-sizing those expectations and getting to work: justifying the right use cases, forming teams, and tracking progress and ROI. 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

AUGUST 30, 2023

Corporate projects are classically evaluated on standard matrices such as return on investment (ROI), break-even period, and capital invested. But as organizations look to quickly leverage the power of emerging digital technologies for business growth, such an approach is falling short on expectations.

Digital Transformation 105

Digital Transformation Experimentation ROI Manufacturing 105

CIO Business Intelligence

JULY 24, 2024

Key strategies for exploration: Experimentation: Conduct small-scale experiments. Data-driven decisions: Leverage data and analytics to assess new technologies’ potential impact and ROI. This approach aligns portfolio governance with business strategy and risk tolerance. Use minimum viable products (MVPs) to validate concepts.

Technology 98

Technology Experimentation Cost-Benefit Digital Transformation 98

CIO Business Intelligence

JULY 10, 2024

Experimente con propósito Con la IA generativa en el punto álgido de su ciclo de hype , es probable que se esté experimentando mucho sin centrarse de forma coherente en el objetivo final. Una clave para ello es proporcionar un argumento empresarial de apoyo para el uso de la tecnología y cómo calcular el retorno de la inversión (ROI).

ROI 116

ROI Experimentation Strategy IT 116

CIO Business Intelligence

FEBRUARY 16, 2024

Still, ADP’s long-term experimentation with AI also includes use of Microsoft’s OpenAI Service and Databricks’ AI platforms, Nagrath says. It is hard to have the ROI and know the efficacy of these things,” Nagrath says. “We We are so early in the game and doing a lot of experimentation.

Digital Transformation 116

Digital Transformation Experimentation Cost-Benefit Machine Learning 116

CIO Business Intelligence

AUGUST 14, 2024

But most licences are for trials, not large scale deployments — usually less than 20% of employees according to Gartner, with early adopters looking at the familiar cost versus ROI equation before expanding. But experimentation to achieve significant results takes time.

Enterprise 136

Enterprise Cost-Benefit Experimentation Modeling 136

CIO Business Intelligence

MAY 1, 2024

Ready to roll It’s shorter to make a list of organizations that haven’t announced their gen AI investments, pilots, and plans, but relatively few are talking about the specifics of any productivity gains or ROI. Pilots can offer value beyond just experimentation, of course. But where am I going to make money as an organization?”

Cost-Benefit 143

Cost-Benefit Metrics Insurance Measurement 143

FineReport

DECEMBER 11, 2019

Big Data”, “Business Intelligence”, “ Data Analysis ” and “ Artificial Intelligence ” came into being. You’ll learn about the concept of big data and how to use big data—from computing ROI and big data strategies that drive business cases to the overall development and specific projects. By Michael Milton.

Big Data 98

Big Data Statistics Experimentation Data Strategy 98

CIO Business Intelligence

FEBRUARY 22, 2024

With the aim to accelerate innovation and transform its digital infrastructures and services, Ferrovial created its Digital Hub to serve as a meeting point where research and experimentation with digital strategies could, for example, provide new sources of income and improve company operations.

IT 105

IT Digital Transformation IoT Cost-Benefit 105

CIO Business Intelligence

APRIL 6, 2022

While enterprises invest in innovation, key challenges such as successful sustenance, ROI realization, scaling and accelerating still remain. . They are nurturing agile and elite ecosystems in an effort to outpace the competition and deliver tangible returns on the innovation investments. . Accelerate Innovation.

Experimentation 103

Experimentation Data Lake Uncertainty Enterprise 103

CIO Business Intelligence

AUGUST 5, 2024

Incorporar a los equipos de software demasiado pronto en la fase experimental es poco práctico, y llevar las ideas demasiado lejos sin la aportación del equipo receptor puede ser ineficaz”, afirma Priori.

Experimentation 119

Experimentation Software ROI Visualization 119

CIO Business Intelligence

JANUARY 2, 2024

He plans to scale his company’s experimental generative AI initiatives “and evolve into an AI-native enterprise” in 2024. This vision represents a fundamental shift, positioning AI as an integral part of our business fabric rather than just an add-on. That’s the case for Yi Zhou, CTO and CIO with Adaptive Biotechnologies.

IT 144

IT Cost-Benefit Statistics Consulting 144

DataRobot

JANUARY 13, 2022

Many companies find that they have a treasure trove of data but lack the expertise to use it to improve ROI. Even if a data scientist has worked with a particular type of customer data before, their domain expertise doesn’t always translate into actionable insights for the business.

ROI 52

ROI Machine Learning Experimentation Data Science 52

CIO Business Intelligence

APRIL 18, 2022

They invest in cloud experimentation. The only caveat is employees have to produce a value report at the end that identifies the ROI, whether in time savings, new efficiencies, new skills they gained, or potential reuse in other areas or other projects, he says. It’s not the leader’s job to tell them what to do.”.

Digital Transformation 145

Digital Transformation Dashboards Cost-Benefit Consulting 145

CIO Business Intelligence

DECEMBER 29, 2023

Adaptability and useability of AI tools For CIOs, 2023 was the year of cautious experimentation for AI tools. But in 2024, CIOs will shift their focus toward responsible deployment, says Barry Shurkey, CIO at NTT Data, a digital business and IT consulting and services firm.

Cost-Benefit 139

Cost-Benefit Digital Transformation Consulting Strategy 139

CIO Business Intelligence

JUNE 28, 2023

As Belcorp considered the difficulties it faced, the R&D division noted it could significantly expedite time-to-market and increase productivity in its product development process if it could shorten the timeframes of the experimental and testing phases in the R&D labs.

Digital Transformation 105

Digital Transformation Cost-Benefit Informatics Data mining 105

CIO Business Intelligence

AUGUST 1, 2023

Improving customer support is a quick win for delivering short-term ROI from LLMs and AI search capabilities. There are three departments where CIOs must partner with their CHROs and CISOs in communicating policy and creating a governance model that supports smart experimentation.

Digital Transformation 98

Digital Transformation Unstructured Data Strategy Data Science 98

Occam's Razor

AUGUST 13, 2012

Bjoern Sjut3: My main issue at the moment: How will multi-channel funnels and ROI calculations work in a multi device world? If your wish in the second part is to track effectiveness of advertising ( how to determine ROI ) then please see this post: Measuring Incrementality: Controlled Experiments to the Rescue! That is the solution.

Modeling 125

Modeling Metrics Data Quality Data-driven 125

CIO Business Intelligence

JULY 17, 2023

Ultimately, all our projects are driven with business and not the IT agenda, and hence need to be backed up with robust ROI calculations. How do you foster a culture of innovation and experimentation in your team to ensure consistent learning, and achievement of your digital transformation goals?

IT 98

IT Digital Transformation IoT Internet of Things 98

Smarten

JULY 3, 2017

For others, the image may be of an organization run amuck with business users leveraging sophisticated advanced analytics tools to create and share data that may be misinterpreted or distributed improperly. It can also improve its time to market and competitive advantage, its ROI and its TCO. It’s simple!

Visualization 40

Visualization Predictive Modeling Business Intelligence Experimentation 40

Smarten

APRIL 18, 2023

While new medical techniques and tools can take time to refine and prove, doctors often leverage experimental techniques to save lives. As these techniques are refined, they enter into the mainstream and become more common place. These White Papers will help you explore the issues and prepare for the challenges.

Digital Transformation 52

Digital Transformation Experimentation ROI Technology 52

CIO Business Intelligence

APRIL 9, 2025

For many, the level of sophistication can easily range from more sophisticated solutions like Power BI, Tableau, SAP Analytics or IBM Cognos to mid-tier solutions like Domo, Qlik or the tried and true elder statesman for all business analytics consumers, Excel.

Enterprise 102

Enterprise Analytics Experimentation Statistics 102

CIO Business Intelligence

OCTOBER 1, 2024

Many organizations have struggled to find the ROI after launching AI projects, but there’s a danger in demanding too much too soon, according to IT research and advisory firm Forrester. Obvious use cases that enterprises experimented with last year are now table stakes and embedded in business software.” But an AI reset is underway.

ROI 131

ROI IT Measurement Experimentation 131

CIO Business Intelligence

JUNE 16, 2022

IT funding might be on the rise, but the ROI for the business from technology investments isn’t as high as it should be. There’s often a big expectation difference between the goal to be data-driven and the business transformation created by data.

IT 135

IT Experimentation IoT Data-driven 135

CIO Business Intelligence

SEPTEMBER 9, 2024

Even Goldman Sachs, previously bullish on the AI story, has raised concerns over whether there’ll be positive ROI for many of the investments being made in the technology. However, these concerns and predictions are inevitable given some of the unrealistic expectations surrounding AI.

Cost-Benefit 131

Cost-Benefit Experimentation Digital Transformation ROI 131

Occam's Razor

MARCH 23, 2010

For big success you'll need to have a Multiplicity strategy: So when you step back and realize at the minimum you'll also have to use one Voice of Customer tool (for qualitative analysis), one Experimentation tool and (if you want to be great) one Competitive Intelligence tool… do you still want to have two clickstream tools?

Analytics 119

Analytics Consulting Metrics Experimentation 119

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. Of course, some questions in business cannot be answered with historical data. Provide the data science teams with a robust data platform.

Data Science 66

Data Science Experimentation Machine Learning Data-driven 66

CIO Business Intelligence

OCTOBER 10, 2024

On the one side, Forrester recently warned organizations not to look for AI ROI too soon, because they could miss out on AI’s benefits. Still, a 30% failure rate represents a huge amount of time and money, given how widespread AI experimentation is today. The ROI may be coming from many of these less tangible things,” she says.

ROI 135

ROI Experimentation Cost-Benefit Metrics 135

CIO Business Intelligence

FEBRUARY 19, 2025

If 2023 was the year of experimentation with gen AI, 2024 was when companies zeroed in on use cases and started putting pilot projects into production. In a survey of 2,300 IT decision makers that IBM released in December, 47% say theyre already seeing ROI from their AI investments, and 33% say theyre breaking even on AI.

ROI 137

ROI Marketing Sales Software 137

CIO Business Intelligence

JANUARY 8, 2025

Measurement of value and focus on short-term ROI could be another deterrent factor for a successful digitalization initiative. Support and encourage experimentation A culture of innovation cannot be built with an attitude of antagonism or aversion towards experimentation.

Experimentation 111

Experimentation Digital Transformation Cost-Benefit ROI 111

CIO Business Intelligence

JANUARY 13, 2025

Shift AI experimentation to real-world value Generative AI dominated the headlines in 2024, as organizations launched widespread experiments with the technology to assess its ability to enhance efficiency and deliver new services. Most of all, the following 10 priorities should be at the top of your 2025 to-do list.

Experimentation 140

Experimentation Strategy ROI Digital Transformation 140

CIO Business Intelligence

OCTOBER 16, 2024

Antes de saltar a la piscina; no obstante, es necesario examinar los plazos del retorno de la inversión (ROI). El 66% de los CIO cree que verá el retorno de la inversión (ROI) en IA. De hecho, el 75% de los encuestados describen el estado de sus organizaciones como fase experimental de adopción de la IA.

ROI 119

ROI Experimentation Marketing Management 119