CIO Business Intelligence

OCTOBER 3, 2024

As the Generative AI (GenAI) hype continues, we’re seeing an uptick of real-world, enterprise-grade solutions in industries from healthcare and finance, to retail and media. Medium companies Medium-sized companies—501 to 5,000 employees—were characterized by agility and a strong focus on GenAI experimentation.

Cost-Benefit 129

Cost-Benefit Testing Experimentation Risk 129

CIO Business Intelligence

APRIL 24, 2024

So for technology leaders who want to be key players in their companies’ transformations, the first step, he says, is to pivot from focusing on bits and bytes to debits and credits, starting with the finances of the IT organization itself. You can’t have an efficient and effective IT function if you don’t know the finances there.

Sales 128

Sales Finance Experimentation Cost-Benefit 128

CIO Business Intelligence

SEPTEMBER 10, 2024

Our IT evolution Having worked primarily in traditionally structured industries like oil and gas, government, education and finance, I’ve witnessed firsthand how technology was once considered a commodity, a cost center. However, its impact on culture must be carefully considered to maximize benefits and mitigate risks.

IT 122

IT Risk Risk Management Predictive Modeling 122

Domino Data Lab

AUGUST 6, 2021

Model Risk Management is about reducing bad consequences of decisions caused by trusting incorrect or misused model outputs. Systematically enabling model development and production deployment at scale entails use of an Enterprise MLOps platform, which addresses the full lifecycle including Model Risk Management. What Is Model Risk?

Risk Management 64

Risk Management Risk Modeling Enterprise 64

The Unofficial Google Data Science Blog

JULY 22, 2020

One reason to do ramp-up is to mitigate the risk of never before seen arms. A ramp-up strategy may mitigate the risk of upsetting the site’s loyal users who perhaps have strong preferences for the current statistics that are shown. For the first example, consider a small website that is a platform for content on personal finance.

Experimentation 96

Experimentation Statistics Testing Knowledge Discovery 96

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. Managing Cloud Concentration Risk. We must address retaining data context, lineage and accurate audit trails in the highly sensitive world of finance.

Slice and Dice 115

Slice and Dice Cost-Benefit Data Governance Risk 115

CIO Business Intelligence

DECEMBER 7, 2023

Over the last year, generative AI—a form of artificial intelligence that can compose original text, images, computer code, and other content—has gone from experimental curiosity to a tech revolution that could be one of the biggest business disruptors of our generation.

Insurance 89

Insurance Experimentation Finance Data Governance 89

CIO Business Intelligence

JULY 24, 2024

Key strategies for exploration: Experimentation: Conduct small-scale experiments. CIOs should form diverse IT, business, and finance teams to ensure comprehensive decision-making. This approach aligns portfolio governance with business strategy and risk tolerance. This strategy enables course corrections and mitigates risks.

Technology 98

Technology Experimentation Cost-Benefit Digital Transformation 98

CIO Business Intelligence

SEPTEMBER 12, 2024

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. Gray: “IT employees who do not embrace AI will put their jobs at risk. Most companies are not doing IT; they are using IT to do something else.

Management 115

Management IT Experimentation Technology 115

CIO Business Intelligence

FEBRUARY 15, 2023

This will allow us to develop new solutions for farming operations, manufacturing, supply chain, and sustainable sourcing, The second tier is digitizing our internal processes, and transforming HR, finance, and R&D to support our new digital platform businesses. We spent a fair amount of experimentation time to figure this out.

Digital Transformation 105

Digital Transformation Experimentation Strategy Modeling 105

CIO Business Intelligence

DECEMBER 29, 2023

Adaptability and useability of AI tools For CIOs, 2023 was the year of cautious experimentation for AI tools. While there remains a lot we don’t fully understand about AI, including its associated risks, there are many opportunities to take advantage of moving forward in business and life,” he says.

Cost-Benefit 139

Cost-Benefit Digital Transformation Consulting Strategy 139

Jedox

SEPTEMBER 11, 2019

However, there are many available technology tools that can simplify planning tasks and make planning and budgeting easier and far more accurate for finance professionals. Experimental” Technology. Is AI truly experimental technology? This is not just risk mitigation. In most cases, the answer is no.

Forecasting 59

Forecasting Experimentation Sales Unstructured Data 59

IBM Big Data Hub

MAY 25, 2023

Generative AI has progressed quickly beyond experimentation; businesses are embracing it to improve customer service, seize new market opportunities and more. At the same time, there are reasonable concerns about how to mitigate bias, manage data security, and factor in precision and risk.

Consulting 99

Consulting Machine Learning Experimentation Modeling 99

Smart Data Collective

JULY 9, 2023

Optimizing Conversion Rates with Data-Driven Strategies A/B Testing and Experimentation for Conversion Rate Optimization A/B testing is essential for discovering which version of your website’s elements are most effective in driving conversions. Experimentation is the key to finding the highest-yielding version of your website elements.

Optimization 97

Optimization Data Analytics Analytics Data-driven 97

FineReport

DECEMBER 11, 2019

As the preferred business introductory book, this book covers the business environment, job hunting, business management, human resources, marketing, finance, and other aspects, leading readers to master comprehensive knowledge of business operations. By William G Nickels, James McHugh, Susan McHugh. By Michael Milton.

Big Data 98

Big Data Statistics Experimentation Data Strategy 98

CIO Business Intelligence

JULY 6, 2023

We developed multiple products on Sales, Collection, Operations, Credit and implemented products in HR, Finance, and other areas. What do you do to foster a culture of innovation and experimentation in your employees? Only experimentation can help to improve this index. This is what makes the job most interesting.

Digital Transformation 98

Digital Transformation Experimentation Recreation/Entertainment Technology 98

CIO Business Intelligence

DECEMBER 10, 2024

Where quantum development is, and is heading In the meantime, the United Nations designation recognizes that the current state of quantum science has reached the point where the promise of quantum technology is moving out of the experimental phase and into the realm of practical applications. It will enhance risk management.

Experimentation 98

Experimentation Technology Marketing Digital Transformation 98

Jet Global

DECEMBER 31, 2019

If there is no advantage to taking a risk—knowing that failure is a possibility—an individual will assume business as normal. What technologies are having the biggest impact on accounting and finance departments specifically? For example, finance and accounting have to deal with a myriad of growing receivable and payables options.

Digital Transformation 59

Digital Transformation Finance Experimentation Data-driven 59

IBM Big Data Hub

DECEMBER 15, 2023

When AI algorithms, pre-trained models, and data sets are available for public use and experimentation, creative AI applications emerge as a community of volunteer enthusiasts builds upon existing work and accelerates the development of practical AI solutions. Morgan’s Athena uses Python-based open-source AI to innovate risk management.

Deep Learning 64

Deep Learning Experimentation Machine Learning Risk 64

Ontotext

JULY 6, 2023

Let’s consider an example about risk and opportunity event detection. Case studies The risk and opportunity event detection use case discussed above combines all of Ontotext’s capabilities: storing and managing large amounts of data adding meaning to it (e.g.,, The solution brings many business benefits.

Cost-Benefit 52

Cost-Benefit Metadata Experimentation Risk 52

Cloudera

JUNE 6, 2019

In this case, an individual with different types of workloads may have access to multiple clusters; the admin trades increased risk of a noisy neighbor for better infrastructure efficiency. 3) By workload priority. A third strategy splits clusters based on the overall priority of the workloads running on those clusters.

Metadata 86

Metadata Data Lake Optimization Strategy 86

Sisense

NOVEMBER 23, 2020

There are also clear benefits of departments beyond marketing, in particular HR, finance, and operations, to use data and analytics to drive their strategic visions and drive business. This all contributes to a culture of innovation, experimentation, and exploration. Right tools/open source.

Analytics 98

Analytics Data-driven Marketing Reporting 98

AWS Big Data

SEPTEMBER 13, 2024

CFM takes a scientific approach to finance, using quantitative and systematic techniques to develop the best investment strategies. The AWS pay-as-you-go model and the constant pace of innovation in data processing technologies enable CFM to maintain agility and facilitate a steady cadence of trials and experimentation.

Interactive 86

Interactive Strategy Cost-Benefit Data Governance 86

AWS Big Data

JULY 3, 2023

Backtesting is a process used in quantitative finance to evaluate trading strategies using historical data. This helps traders determine the potential profitability of a strategy and identify any risks associated with it, enabling them to optimize it for better performance. Sell 1 (PVH, PVH) 2022-09-06 18321.729571 55.15

Snapshot 94

Snapshot Data Lake Testing Strategy 94

CIO Business Intelligence

APRIL 9, 2025

The foundational tenet remains the same: Untrusted data is unusable data and the risks associated with making business-critical decisions are profound whether your organization plans to make them with AI or enterprise analytics. Absent governance and trust, the risks are higher as organizations adopt increasingly sophisticated analytics.

Enterprise 102

Enterprise Analytics Experimentation Statistics 102

Occam's Razor

JANUARY 9, 2012

I've discovered that if we can just get them to imagine a better existence, undertake serious risks, experiment with new better ideas, and spend money executing them… they will ask for more robust measurement! AND you can control for risk! You can literally control for risk should everything blow up in your face.

Marketing 142

Marketing B2B Measurement Risk 142

O'Reilly on Data

DECEMBER 9, 2019

As the number of experimental trials N approaches infinity, the probability of E equals M/N. Modern portfolio theory assumes that rational, risk-averse investors demand a risk premium, a return in excess of a risk-free asset such as a treasury bill, for investing in risky assets such as equities. on average.

Statistics 30

Statistics Uncertainty Risk Marketing 30

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. The ability to measure results (risk-reducing evidence). Ensure a culture that supports a steady process of learning and experimentation.

Data Science 66

Data Science Experimentation Machine Learning Data-driven 66

IBM Big Data Hub

FEBRUARY 1, 2024

In recent years, CBDCs have been positioned as a viable remedy to current inefficiencies in financial markets, as they can promote innovation, more effectively aid inclusion in payment systems and reduce settlement delays, costs, and counterparty risks.

Experimentation 90

Experimentation Modeling Finance Reporting 90

The Unofficial Google Data Science Blog

JANUARY 14, 2016

Unlike experimentation in some other areas, LSOS experiments present a surprising challenge to statisticians — even though we operate in the realm of “big data”, the statistical uncertainty in our experiments can be substantial. We must therefore maintain statistical rigor in quantifying experimental uncertainty.

Experimentation 42

Experimentation Statistics Metrics Measurement 42

CIO Business Intelligence

DECEMBER 6, 2023

They list several scenarios to avoid — political campaigns and highly sensitive events where use or misuse could be consequential to life opportunities or legal status — and others to be cautious about, such as high stakes areas in healthcare, education, finance and legal.

IT 133

IT Risk Management Interactive Risk 133

CIO Business Intelligence

MARCH 26, 2025

Rajendra Bisht, Vice President of Technology and Digital at Bajaj Finance summarizes, Our role began to be included in larger conversations around business, operations and revenue when we demonstrated the tangible impact of digital transformation initiatives, such as AI-powered chatbots and AI/ML based solutions. These are her top tips: 1.

Business Objectives 103

Business Objectives Digital Transformation Finance Data-driven 103

CIO Business Intelligence

FEBRUARY 5, 2025

Half of CFOs say they plan to cut AI funding if it doesnt show measurable ROI within a year, according to a global survey from accounts payable automation firm Basware, which included 400 CFOs and finance leaders. When everyone is aligned, you minimize risks and potential delays, and set the stage for success with the project, Willson says.

Cost-Benefit 117

Cost-Benefit ROI Metrics Measurement 117

Timo Elliott

FEBRUARY 7, 2025

The Solution: Enterprise architects can increase credibility in the organization by workingmore closely with finance teams and developing financial modeling and analysis competencies, including: Total Cost of Ownership (TCO) and capital budgeting ensuring that architectural decisions are financially sound.

Enterprise 52

Enterprise IT Digital Transformation Cost-Benefit 52