CIO Business Intelligence

MAY 23, 2022

Enterprises moving their artificial intelligence projects into full scale development are discovering escalating costs based on initial infrastructure choices. Many companies whose AI model training infrastructure is not proximal to their data lake incur steeper costs as the data sets grow larger and AI models become more complex.

Experimentation 137

Experimentation Cost-Benefit Data Lake Data Science 137

CIO Business Intelligence

NOVEMBER 27, 2024

To fully benefit from AI, organizations must take bold steps to accelerate the time to value for these applications. While in the experimentation phase, speed is a priority, the implementation phase requires more attention to resiliency, availability, and compatibility with other tools. This is where Operational AI comes into play.

Data Architecture 128

Data Architecture Cost-Benefit Machine Learning Experimentation 128

Corinium

JUNE 6, 2019

For instance, for a variety of reasons, in the short term, CDAOS are challenged with quantifying the benefits of analytics’ investments. Also, design thinking should play a large role in analytics in terms of how it will benefit the organization and exactly how people will react to and adopt the resulting insights.

Insurance 250

Insurance Analytics Forecasting Deep Learning 250

CIO Business Intelligence

JANUARY 6, 2025

And ensure effective and secure AI rollouts AI is everywhere, and while its benefits are extensive, implementing it effectively across a corporation presents challenges. I firmly believe continuous learning and experimentation are essential for progress. To do that, Lieberman aims to develop AI capabilities to automate routine tasks.

IT 140

IT Cost-Benefit Measurement Experimentation 140

CIO Business Intelligence

OCTOBER 9, 2022

Currently, equipment costs are high while comfort is low (even the most hardened gamers need a break after an hour or so fully kitted up), and accessible computing power is nowhere near where it will need to be. Feasibility is perhaps the simplest of these three lenses, as it’s fairly consistent across business types and sizes.

Cost-Benefit 142

Cost-Benefit Manufacturing Experimentation Risk 142

CIO Business Intelligence

JANUARY 21, 2025

CIOs were given significant budgets to improve productivity, cost savings, and competitive advantages with gen AI. CIOs feeling the pressure will likely seek more pragmatic AI applications, platform simplifications, and risk management practices that have short-term benefits while becoming force multipliers to longer-term financial returns.

Cost-Benefit 142

Cost-Benefit Data-driven Strategy Marketing 142

CIO Business Intelligence

JANUARY 8, 2025

Though there are some common goals every organization might want to achieve, there is a unique benefit or advantage each organization will seek to differentiate them from competitors. These projects have significant upfront costs and may take substantial time to deliver results.

Experimentation 111

Experimentation Digital Transformation Cost-Benefit ROI 111

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. Here, it was believed an LLM would help, as an oft-touted benefit of LLMs is their speed, enabling them to complete complex steps rapidly. That was notthe case with LinkedIn’s deployment, Bottaro said. “I

IT 139

IT Cost-Benefit Experimentation Metrics 139

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. And the benefits of MakeShift’s use of AI are beginning to multiply. Currently, text-only LLMs require tremendous compute power.

IT 131

IT Cost-Benefit Experimentation Forecasting 131

CIO Business Intelligence

AUGUST 14, 2024

The cost of OpenAI is the same whether you buy it directly or through Azure. Organizations typically start with the most capable model for their workload, then optimize for speed and cost. Platform familiarity has advantages for data connectivity, permissions management, and cost control. It’s a very different beast.”

Enterprise 136

Enterprise Cost-Benefit Experimentation Modeling 136

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. In this regard, gen AI is no different from other technologies.

ROI 124

ROI Experimentation Risk Strategy 124

CIO Business Intelligence

NOVEMBER 19, 2024

This stark contrast between experimentation and execution underscores the difficulties in harnessing AI’s transformative power. High costs Failing: The infrastructure and computational costs for training and running GenAI models are significant. Key takeaway: Cost management strategies are crucial for sustainable AI deployment.

Consulting 137

Consulting Cost-Benefit Experimentation Optimization 137

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.

Cost-Benefit 143

Cost-Benefit Metrics Insurance Measurement 143

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. Gen AI projects can cost millions of dollars to implement and incur huge ongoing costs, Gartner notes. For example, a gen AI virtual assistant can cost $5 million to $6.5

ROI 143

ROI Cost-Benefit Experimentation Deep Learning 143

Smart Data Collective

OCTOBER 13, 2021

AI technology moves innovation forward by boosting tinkering and experimentation, accelerating the innovation process. One of the biggest benefits of AI is that it has led to new breakthroughs in automation. One of the best benefits of AI is that it can help improve the user experience through features like personalization.

Technology 125

Technology Cost-Benefit Experimentation Machine Learning 125

CIO Business Intelligence

OCTOBER 5, 2023

Sandeep Davé knows the value of experimentation as well as anyone. Davé and his team’s achievements in AI are due in large part to creating opportunities for experimentation — and ensuring those experiments align with CBRE’s business strategy. And those experiments have paid off. Artificial Intelligence, IT Leadership

Experimentation 130

Experimentation Strategy Machine Learning Interactive 130

CIO Business Intelligence

OCTOBER 3, 2024

Medium companies Medium-sized companies—501 to 5,000 employees—were characterized by agility and a strong focus on GenAI experimentation. Resource constraints and the need for immediate, tangible benefits are likely to have shaped their more cautious, results-focused approach.

Testing 129

Testing Cost-Benefit Experimentation Risk 129

datapine

FEBRUARY 4, 2020

We will go into detail with each report below in the article, but it is important to keep in mind that low-level metrics such as CPC or CTR will not take part in the strategic report that focuses on customers’ costs. This is useful since seniors need to know and control customer costs and the quality of leads. click to enlarge**.

Reporting 280

Reporting Marketing Advertising Metrics 280

CIO Business Intelligence

SEPTEMBER 9, 2024

But there comes a point in a new technology when its potential benefits become clear even if the exact shape of its evolution is opaque. Earlier this year, consulting firm BCG published a survey of 1,400 C-suite executives and more than half expected AI and gen AI to deliver cost savings this year. What are business leaders telling us?

Cost-Benefit 131

Cost-Benefit Experimentation Digital Transformation ROI 131

CIO Business Intelligence

FEBRUARY 16, 2024

For most organizations, a shift to the cloud brings scalability, access to innovative tools, and the possibility of cost savings. When you’re introducing many new applications, the ease of getting them up and running and lowered costs [on the cloud] is tremendously beneficial,” he says. An early partner of Amazon, the Roseburg, N.J.-based

Digital Transformation 116

Digital Transformation Experimentation Cost-Benefit Machine Learning 116

CIO Business Intelligence

MARCH 12, 2024

But early returns indicate the technology can provide benefits for the process of creating and enhancing applications, with caveats. Software and coding development remain a high-value area for experimentation, in addition to content development and knowledge management, in an effort to boost operational efficiencies,” he says.

Software 131

Software Experimentation Testing Cost-Benefit 131

Cloudera

JANUARY 28, 2022

Customers vary widely on the topic of public cloud – what data sources, what use cases are right for public cloud deployments – beyond sandbox, experimentation efforts. Private cloud continues to gain traction with firms realizing the benefits of greater flexibility and dynamic scalability. Cost Management.

Slice and Dice 115

Slice and Dice Cost-Benefit Data Governance Risk 115

CIO Business Intelligence

NOVEMBER 11, 2024

Amazon Web Services, Microsoft Azure, and Google Cloud Platform are enabling the massive amount of gen AI experimentation and planned deployment of AI next year, IDC points out. This is the easiest way to start benefiting from AI without needed the skills to develop your own models and applications.”

ROI 137

ROI Cost-Benefit Risk Experimentation 137

CIO Business Intelligence

JANUARY 15, 2025

The technology is changing quickly, so investing a lot of money in the wrong platform could end up costing a lot of money. So how do you reconcile the high failure rates of AI projects and reports of business benefit by early adopters? But, until then, itll be able to reap the benefits of its early investments. We cant wait.

Cost-Benefit 141

Cost-Benefit ROI Reporting Software 141

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

SEPTEMBER 12, 2024

If the code isn’t appropriately tested and validated, the software in which it’s embedded may be unstable or error-prone, presenting long-term maintenance issues and costs. Provide sandboxes for safe testing of AI tools and applications and appropriate policies and guardrails for experimentation.

Experimentation 111

Experimentation Risk Cost-Benefit Strategy 111

Smart Data Collective

OCTOBER 13, 2022

These patterns could then be used as the basis for additional experimentation by scientists or engineers. The technique is helping product design firm Seattle reduce costs and improve the quality of its products. Though AI has many benefits in product R&D, it has some limitations in application. Generative Design.

Testing 119

Testing Cost-Benefit Experimentation Optimization 119

CIO Business Intelligence

FEBRUARY 1, 2024

Experimentation with and deployment of generative AI needs to be thought of as a learning experience. Avanade is a proud sponsor at HIMSS24 and will be exploring approaches for choosing initial use cases and modeling the costs and benefits that GenAI can deliver. Click here to register.

Experimentation 115

Experimentation Forecasting Measurement Cost-Benefit 115

CIO Business Intelligence

JULY 24, 2024

Key strategies for exploration: Experimentation: Conduct small-scale experiments. Key strategies for evolution: Maintain flexible architecture: Maintain the modularity and scalability of solutions to enable cost-effective capability expansions as requirements evolve. Use minimum viable products (MVPs) to validate concepts.

Technology 98

Technology Experimentation Cost-Benefit Digital Transformation 98

CIO Business Intelligence

OCTOBER 3, 2024

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. A combination of mainframe and cloud for different tasks might be a more flexible, cost-effective solution.”

Machine Learning 140

Machine Learning Experimentation Insurance Modeling 140

CIO Business Intelligence

MAY 23, 2022

For many nascent AI projects in the prototyping and experimentation phase, the cloud works just fine. But companies often discover that as data sets grow in volume and AI model complexity increases, the escalating cost of compute cycles, data movement, and storage can spiral out of control.

Cost-Benefit 98

Cost-Benefit Experimentation Data Lake Deep Learning 98

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. Microsoft is heavily investing in AI capabilities and workflow integrations, so CIOs should expect and plan for improved capabilities.

Advertising 124

Advertising Cost-Benefit Experimentation Software 124

CIO Business Intelligence

OCTOBER 15, 2024

But continuous deployment isn’t always appropriate for your business , stakeholders don’t always understand the costs of implementing robust continuous testing , and end-users don’t always tolerate frequent app deployments during peak usage. Platform engineering is one approach for creating standards and reinforcing key principles.

Enterprise 143

Enterprise Testing Business Objectives Experimentation 143

CIO Business Intelligence

APRIL 24, 2024

The first use of generative AI in companies tends to be for productivity improvements and cost cutting. But there are only so many costs that can be cut. CIOs are well positioned to cut costs since they’re usually well acquainted with a company’s digital processes, having helped set them up in the first place.

Sales 128

Sales Finance Experimentation Cost-Benefit 128

CIO Business Intelligence

OCTOBER 4, 2023

One of the first things they built was an HR chatbot, which provided benefits recommendations that unnecessarily exposed them to massive liability. For example, if the HR tool recommended the wrong option, an employee could miss the benefits window for an entire year. Then there are transitional costs, he says.

Cost-Benefit 141

Cost-Benefit Manufacturing Machine Learning Experimentation 141

CIO Business Intelligence

NOVEMBER 13, 2023

Because of this, IT leaders must take a proactive approach to change management , communicating the benefits of digital transformation and providing support and training to employees. Be realistic about the costs of digital transformation and allocate sufficient human capital and financial capital to achieve your goals.

Digital Transformation 143

Digital Transformation Cost-Benefit Experimentation Measurement 143

CIO Business Intelligence

JULY 15, 2022

Yet modernization journeys are often bumpy; IT leaders must overcome barriers such as resistance to change, management complexity, high costs, and talent shortages. Ampol had a clear goal: intelligent operations for improved service reliability, increased agility, and reduced cost. A vision for transformation, hampered by legacy.

Cost-Benefit 98

Cost-Benefit Digital Transformation Experimentation Visualization 98