CIO Business Intelligence

APRIL 29, 2024

As organizations roll out AI applications and AI-enabled smartphones and devices, IT leaders may need to sell the benefits to employees or risk those investments falling short of business expectations. They need to have a culture of experimentation.” 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

AUGUST 15, 2024

Many of those gen AI projects will fail because of poor data quality, inadequate risk controls, unclear business value , or escalating costs , Gartner predicts. 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

SEPTEMBER 6, 2023

While the potential of Generative AI in software development is exciting, there are still risks and guardrails that need to be considered. Risks of AI in software development Despite Generative AI’s ability to make developers more efficient, it is not error free. To learn more, visit us here. Artificial Intelligence, Machine Learning

Software 119

Software Experimentation Risk Uncertainty 119

CIO Business Intelligence

AUGUST 30, 2023

Moreover, enterprises are more inclined these days to focus on shorter horizons rather than big-bang initiatives that take years to provide returns, says Sunil Mehta, CIO at business and management consultancy BDO India. Besides, it has also helped us shed our overdependence on consultants in many areas,” says Laxshmivarahan.

Digital Transformation 105

Digital Transformation Experimentation ROI Risk 105

CIO Business Intelligence

OCTOBER 3, 2024

We believe the release of an AI accelerator card is a natural extension of IBM’s roadmap for the mainframe and is likely the next step to enable Watsonx and the mainframe as a true AI platform,” says James Brouhard, director of consulting at FNTS, a wholly owned subsidiary of First National of Nebraska Inc.

Machine Learning 140

Machine Learning Experimentation Insurance Modeling 140

CIO Business Intelligence

SEPTEMBER 12, 2022

Prioritize time for experimentation. By providing your employees with psychological safety, an innovation-centric purpose, and encouragement — you can help them find the courage to risk failure in pursuit of creative ambition.” . Iliya Rybchin, partner, Elixirr Consulting. Elixirr Consulting.

Experimentation 133

Experimentation Consulting Technology Machine Learning 133

CIO Business Intelligence

OCTOBER 26, 2022

Walker, a business consultant and coach. Invisibility Your brand speaks for you when you’re not in the room, and CIOs may ruin their professional reputations by hiding in the shadows, says Maureen Farmer, founder and CEO with Westgate Executive Branding and Career Consulting. Failure is never an option, particularly major failures. “It

IT 141

IT Consulting Experimentation Business Objectives 141

CIO Business Intelligence

JUNE 15, 2023

Despite headlines warning that artificial intelligence poses a profound risk to society , workers are curious, optimistic, and confident about the arrival of AI in the enterprise, and becoming more so with time, according to a recent survey by Boston Consulting Group (BCG). For many, their feelings are based on sound experience.

Management 116

Management Experimentation Optimization Enterprise 116

Occam's Razor

MARCH 23, 2010

Part of it fueled by some Consultants. Yet case studies in some sense reduced risk, even if they were simply over blown marketing fluff written by the vendor. There is such little risk to actually trying. You are never smart enough not to have a Practitioner Consultant on your side (constantly help you kick it up a notch).

Analytics 119

Analytics Consulting Metrics Experimentation 119

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

APRIL 24, 2024

Sales and marketing departments have long been at the forefront of embracing new technologies, and according to data provided by the Alexander Group, a revenue consultancy, 80% of hundreds of survey responses detailed that CROs have formally invested in AI for their marketing teams. But then you’re just playing catch-up.

Sales 128

Sales Finance Experimentation Cost-Benefit 128

O'Reilly on Data

MARCH 23, 2023

What is it, how does it work, what can it do, and what are the risks of using it? You could even create digital clones of yourself 5 that could stand in for you in consulting gigs and other business situations. What Are the Risks? Copyright violation is another risk. 6 Translation is a different matter, though.

IT 346

IT Modeling Testing Risk 346

CIO Business Intelligence

JULY 7, 2023

As more individuals use browser-based apps to get their work done, IT leaders need to provide seamless access to corporate apps and tools while minimizing security risks. Finding the right use cases for AI while minimizing risk to the business requires collaboration between IT and the workforce. Caution is king, however.

Measurement 122

Measurement Risk Experimentation Enterprise 122

CIO Business Intelligence

FEBRUARY 26, 2024

Here, in an extract from his book, AI for Business: A practical guide for business leaders to extract value from Artificial Intelligence , Peter Verster, founder of Northell Partners, a UK data and AI solutions consultancy, explains four of them. Are team members disincentivised from taking risks due to fear of repercussions or attitudes?

Experimentation 126

Experimentation Cost-Benefit Digital Transformation Risk 126

CIO Business Intelligence

APRIL 18, 2022

While it’s critical for tech leaders to communicate throughout a digital project, it’s also important to communicate appropriately, says Rich Nanda, US strategy and analytics offerings leader, at Deloitte Consulting. Rich Nanda, US strategy and analytics offerings leader, Deloitte Consulting. Deloitte Consulting. “In

Digital Transformation 145

Digital Transformation Dashboards Cost-Benefit Consulting 145

CIO Business Intelligence

MARCH 6, 2023

CIOs along with researchers, consultants, and advisors agree that IT must change itself, how it works and how it organizes its workers, if it wants to gain the most benefits out of cloud computing. Moreover, the differences between each stovepipe also meant more work for security teams trying to manage and mitigate risks.

IT 140

IT Strategy Cost-Benefit Consulting 140

CIO Business Intelligence

JULY 3, 2023

Rather than relying on APIs provided by firms such as OpenAI and the risks of uploading potentially sensitive data to third-party servers, new approaches are allowing firms to bring smaller LLMs inhouse. However, the AI future for many enterprises lies in building and adapting much smaller models based on their own internal data assets.

Management 105

Management Experimentation Modeling Enterprise 105

CIO Business Intelligence

SEPTEMBER 12, 2024

Thomas Licciardello, CIO consultant, advisory firm NortheastCIOs : “I don’t think we run out and panic because of the AI revolution. When technology professionals fall in love with any particular technology, or way of doing things, they make themselves and their skills vulnerable to the risk of obsolescence.

Management 115

Management IT Experimentation Technology 115

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.

Advertising 124

Advertising Cost-Benefit Experimentation Reporting 124

CIO Business Intelligence

AUGUST 23, 2024

A closeknit team of about 10 engineers and executives from Bayer, Amazon, and Slalom Consulting cooked up the blueprint for the “Decision Science Ecosystem” roughly 18 months ago and has been building the platform for about a year. Making that available across the division will spur more robust experimentation and innovation, he notes.

Data Science 101

Data Science Experimentation Testing Modeling 101

CIO Business Intelligence

JULY 6, 2022

At CIO’s recent Future of Cloud Summit, John Gallant, enterprise consulting director with Foundry sat down with Sieczkowski to learn more about his cloud strategy, governance in the cloud, and leveraging cloud where it is most effective. What follows are edited excerpts of that conversation.

Experimentation 98

Experimentation Testing Strategy Risk 98

CIO Business Intelligence

MAY 30, 2024

I’ve given colleagues the freedom to do research and experimentation together with our automation partner Mauden,” says Ciuccarelli. “We In fact, machine learning models and generative AI, being based on neural networks, risk greater drifts and need exact prompts,” he says.

Cost-Benefit 119

Cost-Benefit Sales Modeling Experimentation 119

Data Science 101

OCTOBER 15, 2023

IBM sells consulting, Google keeps it in-house, etc. Others like Rigetti and IonQ went public early (the former risking delisting and the latter a huge SPAC). The only real sales occurring tend to be selling consulting on what’s coming, or selling prototypes to research labs. That’s a risk. QPUs, GPUs, CPUs, you name it.

Risk 107

Risk Marketing Consulting Technology 107

CIO Business Intelligence

JULY 31, 2023

1 question now is to allow or not allow,” says Mir Kashifuddin, data risk and privacy leader with the professional services firm PwC US. Rapidly evolving risks Companies that have blocked the use of gen AI are finding that some workers are still testing it out. Douglas Merrill, a partner at management consulting firm McKinsey & Co.,

Strategy 98

Strategy Risk Enterprise Risk Management 98

CIO Business Intelligence

JULY 27, 2023

The consultancy predicted in March 2023 that by 2026, 5% of employees will engage in unauthorized use of generative AI in their organizations. “If This followed a ChatGPT hackathon to identify security risks. “It We did see a tremendous amount of personal experimentation going on. If anything, 5% is conservative.

IT 98

IT Insurance Strategy Risk 98

CIO Business Intelligence

AUGUST 14, 2024

After the excitement and experimentation of last year, CIOs are more deliberate about how they implement gen AI, making familiar ROI decisions, and often starting with customer support. But experimentation to achieve significant results takes time. A data leakage plan helps here too. “As

Enterprise 136

Enterprise Cost-Benefit Experimentation Modeling 136

CIO Business Intelligence

APRIL 6, 2022

Pallavi Katiyar began her career as an IT consultant, and today is leading a much broader portfolio as the CIO of Cyient. She’s also been involved in supply chain consulting, vendor management, and, most recently, driving large infrastructure and cybersecurity transformation projects.

Experimentation 52

Experimentation Consulting Risk Management 52

Alation

DECEMBER 20, 2022

Not surprisingly, consultant and virtual CTO/CIO Anthony McMahon poses the eternal question: “What’s the problem we’re trying to solve?”. No place is the risk higher than data. These organizations use experimentation and constant market testing to learn and invest. but by how much. Management and leadership.

Digital Transformation 96

Digital Transformation Scorecard Measurement Experimentation 96

CIO Business Intelligence

SEPTEMBER 19, 2023

When they look at a new problem, they start by gathering loads of third-party data and benchmarking through consulting firms. They should rather manage through experimentation. They are comfortable with processes that they have developed and are running for several years. CIOs can help their enterprises in this area.

Digital Transformation 130

Digital Transformation Uncertainty Testing Enterprise 130

Smarten

MAY 17, 2023

Whether you are looking at ChatGPT or Open AI and wondering how it might be applied to your business environment, it is important to understand the current state of this technology, the inherent risks and the possible opportunities. “So, proceed, but don’t over pivot.” “So, proceed, but don’t over pivot.”

Digital Transformation 52

Digital Transformation Experimentation Risk Testing 52

Decision Management Solutions

DECEMBER 17, 2021

We work with lenders in a variety of markets and have found that decision modeling, building a visual blueprint of your credit risk decisioning, is a critical success factor in moving to next generation credit decisioning. Lower credit losses. More efficient lending. Sounds good, right?

Modeling 52

Modeling Visualization Experimentation Risk 52

Domino Data Lab

JULY 28, 2021

Validators and auditors can use the Knowledge Center to ensure models are safe and trusted, thus reducing potential risks. The Workbench is Domino’s notebook-based environment where data scientists can do their R&D and experimentation. Develop Stage. Have a question? Get in touch with us.

Data Science 59

Data Science Enterprise Modeling Experimentation 59

Ontotext

DECEMBER 30, 2022

9 years of research, prototyping and experimentation went into developing enterprise ready Semantic Technology products. A major game changer was developing a rich partner ecosystem , including the best semantic technology providers, specialized consultants and global system integrators.

Enterprise 52

Enterprise Sales Cost-Benefit Marketing 52

Ontotext

DECEMBER 30, 2022

9 years of research, prototyping and experimentation went into developing enterprise ready Semantic Technology products. A major game changer was developing a rich partner ecosystem , including the best semantic technology providers, key consultants and global system integrators.

Enterprise 52

Enterprise Sales Cost-Benefit Marketing 52

Ontotext

APRIL 3, 2024

Nimit Mehta: I think that 2024 is going to be a buckle-down year, but, at the same time, we’ll see a rapid explosion of experimentation. Nimit Mehta : You are talking about the three big ones: cost, revenue, and risk. And, when you get to the top, it’s about risks and existential threats to the business. What is risk?

Technology 45

Technology Risk Digital Transformation Measurement 45

CIO Business Intelligence

DECEMBER 6, 2023

Organizations need to have an honest look at their hygiene, priorities, and data sensitivities to ensure they’re plugging GenAI tools into the areas where they get maximum reward and minimized risk.” Assume AI is always right Impressive as they are, generative AI tools are inherently probabilistic.

IT 133

IT Risk Management Interactive Risk 133

CIO Business Intelligence

JANUARY 14, 2025

The 2024 Enterprise AI Readiness Radar report from Infosys , a digital services and consulting firm, found that only 2% of companies were fully prepared to implement AI at scale and that, despite the hype , AI is three to five years away from becoming a reality for most firms. She advises others to take a similar approach.

Strategy 141

Strategy ROI Experimentation Risk 141