CIO Business Intelligence

MARCH 19, 2025

Mark Brooks, who became CIO of Reinsurance Group of America in 2023, did just that, and restructured the technology organization to support the platform, redefined the programs success metrics, and proved to the board that IT is a good steward of the dollar. One significant change we made was in our use of metrics to challenge my team.

Metrics 64

Metrics Enterprise Cost-Benefit Experimentation 64

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

AWS Big Data

JANUARY 15, 2025

After experimentation, the data science teams can share their assets and publish their models to an Amazon DataZone business catalog using the integration between Amazon SageMaker and Amazon DataZone. This batch-oriented approach reduces computational overhead and associated costs, allowing resources to be allocated efficiently.

IoT 106

IoT Machine Learning Metadata Data-driven 106

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 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

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 Cost-Benefit 124

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 117

Analytics Data Warehouse Snapshot Cost-Benefit 117

Occam's Razor

OCTOBER 23, 2006

. ‡ Never start with clickstream, it becomes “old” quickly ‡ People care about their paychecks ‡ Execution strategy: ~ Identify Senior Management hot buttons ~ Exhibit daily that you can • increase revenue • trim costs • improve customer satisfaction. 6 Reporting is not Analysis. Your Choice?

Data-driven 118

Data-driven Metrics KPI Reporting 118

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

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 Software 124

Smart Data Collective

JULY 9, 2023

One benefit is that they can help with conversion rate optimization. Understanding E-commerce Conversion Rates There are a number of metrics that data-driven e-commerce companies need to focus on. It is a crucial metric that provides priceless information about your website’s ability to transform visitors into paying customers.

Optimization 97

Optimization Data Analytics Analytics Data-driven 97

CIO Business Intelligence

JULY 8, 2022

Focus: Enhanced focus is perhaps the greatest benefit teams stand to gain from a division of responsibilities. Road-mapping and transformations also become easier as each group can undertake the work that will most affect its assigned success metrics. And if you proceed with the split, let the principles below guide your moves.

Cost-Benefit 122

Cost-Benefit Measurement Modeling Metrics 122

CIO Business Intelligence

NOVEMBER 21, 2023

Communicate clearly and often about policies and their reasons and benefits, create a culture of feedback and collaboration, and be agile and willing to adapt policies as user needs evolve.” “People generally want to comply with policies, but being too stringent and creating too much friction often leads to shadow IT.

IT 137

IT Risk Cost-Benefit Data Science 137

AWS Big Data

NOVEMBER 2, 2023

At GoDaddy, we embarked on a journey to uncover the efficiency promises of AWS Graviton2 on Amazon EMR Serverless as part of our long-term vision for cost-effective intelligent computing. EMR Serverless on Graviton2 demonstrated an advantage in cost-effectiveness, resulting in significant savings in total run costs.

Cost-Benefit 107

Cost-Benefit Big Data Testing Optimization 107

Occam's Razor

AUGUST 12, 2013

And you are telling me that the Cost Per Acquisition for my display campaigns is not $201 but rather a lowly $155? From all my experimentation I've found that taking out the last channel (whichever one it is) causes a material impact on the conversion process, so it gets a "good amount of credit." Then Experimentation.

Modeling 162

Modeling Optimization Marketing Interactive 162

IBM Big Data Hub

MAY 17, 2024

Organizations face increased pressure to move to the cloud in a world of real-time metrics, microservices and APIs, all of which benefit from the flexibility and scalability of cloud computing. Most “lifted and shifted” apps can operate in a cloud environment but might not to reap the full benefits of cloud.

Modeling 96

Modeling Cost-Benefit Optimization Digital Transformation 96

CIO Business Intelligence

APRIL 18, 2022

Organizations that continued full speed ahead with their digital transformation initiatives during the COVID-19 pandemic are able to ruminate on what went right and what they would have done differently, with the benefit of hindsight. Your organization can both avoid turnover costs and preserve corporate memory.”. It’s a pitfall.”.

Digital Transformation 145

Digital Transformation Dashboards Cost-Benefit Consulting 145

AWS Big Data

JUNE 11, 2024

The following are some key reasons highlighting the importance of compression in OpenSearch: Storage efficiency and cost savings OpenSearch often deals with vast volumes of data, including log files, documents, and analytics datasets. as experimental feature. Both LZ4 and Zlib codecs are part of the Lucene core codecs.

Optimization 91

Optimization Experimentation Cost-Benefit Software 91

CIO Business Intelligence

APRIL 2, 2024

HBR’s “ The Value of Digital Transformation ” reports, “While 89% of large companies globally have a digital and AI transformation underway, they have only captured 31% of the expected revenue lift and 25% of expected cost savings from the effort.” While the CIO sees the big picture, their peers need to know how the change will benefit them.”

Management 140

Management Digital Transformation Testing Experimentation 140

Corinium

APRIL 25, 2019

Life insurance needs accurate data on consumer health, age and other metrics of risk. Most enterprises in the 21st century regard data as an incredibly valuable asset – Insurance is no exception - to know your customers better, know your market better, operate more efficiently and other business benefits. That’s the reward.

Insurance 150

Insurance Risk IoT Data-driven 150

CIO Business Intelligence

AUGUST 21, 2024

The previous state-of-the-art sensors cost tens of thousands of dollars, adds Mattmann, who’s now the chief data and AI officer at UCLA. 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.

Risk 136

Risk Insurance Cost-Benefit Software 136

Domino Data Lab

JUNE 23, 2019

Skomoroch proposes that managing ML projects are challenging for organizations because shipping ML projects requires an experimental culture that fundamentally changes how many companies approach building and shipping software. Another pattern that I’ve seen in good PMs is that they’re very metric-driven.

Management 110

Management Machine Learning Experimentation Metrics 110

Occam's Razor

AUGUST 13, 2012

That means: All of these metrics are off. Remember at the end of the day attribution modeling is just a bit smarter than last click, it brings the benefit of knowing that one should optimize portfolios and not a silo (which last click pushes). This is exactly why the Page Value metric (in the past called $index value) was created.

Modeling 125

Modeling Metrics Data Quality Data-driven 125

CIO Business Intelligence

DECEMBER 14, 2023

Such lead times call for a large physical inventory of replacement parts, which comes with warehousing costs and the ad valorem tax of storage. Over time, we’ll replace some of our physical inventory with a digital one, and that will improve efficiency, advance ESG metrics, and make sites like Kuparuk feel closer to home.”

Manufacturing 100

Manufacturing Digital Transformation Experimentation Cost-Benefit 100

Occam's Razor

AUGUST 23, 2010

Why comes from lab usability studies , website surveys , "follow me home" exercises, experimentation & testing , and other such delightful endeavors. Heuristic evaluations can provide valuable feedback at a low cost ($50 in my case) in a very short amount of time (an hour in my case) and identify obvious usability problems.

Analytics 116

Analytics Cost-Benefit Testing Optimization 116

AWS Big Data

JANUARY 9, 2024

It similarly codes the query as a vector and then uses a distance metric to find nearby vectors in the multi-dimensional space to find matches. However, not all customers who have the opportunity to benefit from k-NN have adopted it, due to the significant engineering effort and resources required to do so.

Visualization 113

Visualization Cost-Benefit Modeling Machine Learning 113

DataRobot Blog

MARCH 7, 2023

DataRobot on Azure accelerates the machine learning lifecycle with advanced capabilities for rapid experimentation across new data sources and multiple problem types. DataRobot is available on Azure as an AI Platform Single-Tenant SaaS, eliminating the time and cost of an on-premises implementation.

Data-driven 59

Data-driven Machine Learning Experimentation Data Lake 59

Domino Data Lab

AUGUST 22, 2019

[Note: In more technical machine learning terms, the cost function of the skip-gram architecture is to maximize the log probability of any possible context word from a corpus given the current target word.] A major benefit of fastText. With CBOW, it is the inverse: The target word is predicted based on the context words. this chapter.

Deep Learning 111

Deep Learning Modeling Metrics Testing 111

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 How do they benefit you? How do they benefit the business?

IT 52

IT Experimentation Scorecard Digital Transformation 52

Occam's Razor

JULY 6, 2016

Yes, I worry that Analysts, and Marketers, are spending too much time with their head buried in custom reports and advance segments and smart calculated metrics and strategic or tactical dashboards. The Shipping Cost is described as "flat rate repair shipping cost." For a jacket that costs $199 list.

Testing 87

Testing Marketing Experimentation Cost-Benefit 87

AWS Big Data

JULY 26, 2023

Exploring the vector engine’s capabilities Built on OpenSearch Serverless, the vector engine inherits and benefits from its robust architecture. To create the vector index, you must define the vector field name, dimensions, and the distance metric. The vector index supports up to 1,000 fields. The second is to initially provision a 0.5

Metadata 52

Metadata Cost-Benefit Testing Metrics 52

DataRobot Blog

FEBRUARY 15, 2023

The cost of real estate has been a rollercoaster ride in this challenging macroeconomic climate. AI catalog encourages a culture of collaboration and sharing data assets that will benefit your organization, leading to big gains in productivity, sharing new sources, and creating a collaborative environment for enterprise AI.

Machine Learning 52

Machine Learning Modeling Cost-Benefit Metrics 52

Domino Data Lab

AUGUST 26, 2019

To support the iterative and experimental nature of industry work, Domino reached out to Addison-Wesley Professional (AWP) for appropriate permissions to excerpt the “Tuning Hyperparameters and Pipelines” from the book, Machine Learning with Python for Everyone by Mark E. algorithm leaf_size metric metric_params n_jobs n_neighbors p weights.

Testing 79

Testing Modeling Machine Learning Metrics 79

AWS Big Data

NOVEMBER 14, 2023

With a combination of low-latency data streaming and analytics, they are able to understand and personalize the user experience via a seamlessly integrated, self-reliant system for experimentation and automated feedback. Real-time streaming data technologies are essential for digital transformation.

IoT 59

IoT Data-driven Data Lake Data Strategy 59

The Unofficial Google Data Science Blog

OCTOBER 21, 2015

It is important to make clear distinctions among each of these, and to advance the state of knowledge through concerted observation, modeling and experimentation. Worse, the community may act on these ambiguous explanations, incurring real costs. We sliced and diced the experimental data in many many ways.

Slice and Dice 46

Slice and Dice Experimentation Data-driven Data Science 46

The Unofficial Google Data Science Blog

DECEMBER 14, 2021

or "does this product change benefit users?" Interventional uncertainty : the gap between the true benefit of an intervention arising from a decision, and an evaluation of that benefit. It was now a business decision to decide whether to pursue this radical strategy given the projected hit to metrics.

Uncertainty 56

Uncertainty Statistics Measurement Cost-Benefit 56