CIO Business Intelligence

OCTOBER 9, 2023

Hyatt’s experimental mindset and listen-first approach are heavily applied to IT’s pursuit of innovation, he says. When Renganathan was spearheading digital at his previous company, Farmers Group Insurance, IT wanted to bring operational excellence to its customer contact management system. He learned that the hard way.

Strategy 137

Strategy Technology Experimentation Testing 137

O'Reilly on Data

MARCH 23, 2023

Tokens ChatGPT’s sense of “context”—the amount of text that it considers when it’s in conversation—is measured in “tokens,” which are also used for billing. The last time I had to deal with an insurance issue, I’m not sure I ever talked to a human, even after I asked to talk to a human. Tokens are significant parts of a word.

IT 346

IT Modeling Testing Risk 346

CIO Business Intelligence

OCTOBER 18, 2023

Gen AI boom in the making Many early and established forays into generative AI are being developed on the AI platforms of cloud leaders Microsoft, Google, and Amazon, reportedly with numerous guardrails and governance measures in place to contain unrestricted exploration. in concert with Microsoft’s AI-optimized Azure platform.

Risk 141

Risk Manufacturing Enterprise Technology 141

Occam's Razor

NOVEMBER 2, 2015

For the rest of this post, I'm going to use the first three to capture the essence of social engagement and brand impact, and one to measure impact on the business. I believe the best way to measure success is to measure the above four metrics (actual interaction/action/outcome). Measure all this Social Media activity.

B2B 167

B2B Metrics Recreation/Entertainment Testing 167

IBM Big Data Hub

APRIL 18, 2024

While leaders have some reservations about the benefits of current AI, organizations are actively investing in gen AI deployment, significantly increasing budgets, expanding use cases, and transitioning projects from experimentation to production. Audio (56%) : Gen AI call centers with realistic audio assist customers and employees.

Cost-Benefit 89

Cost-Benefit Manufacturing Modeling Interactive 89

Cloudera

NOVEMBER 25, 2020

And soon also sensor measures, and possibly video or audio data with the increased use of device technology and telemedicine in medical care. It would enable faster experimentation with easy, protected, and governed access to a variety of data.

Data Warehouse 59

Data Warehouse Unstructured Data Analytics Visualization 59

Ontotext

APRIL 3, 2024

So, this is a big driver for the outcome because when you are saving money for the business, you can measure it and see its value. 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. It’s not about just hitting the quarterly numbers.

Technology 45

Technology Risk Digital Transformation Measurement 45

Corinium

APRIL 25, 2019

Ahead of the Chief Data Analytics Officers & Influencers, Insurance event we caught up with Dominic Sartorio, Senior Vice President for Products & Development, Protegrity to discuss how the industry is evolving. Are you seeing any specific issues around the insurance industry at the moment that should concern CDAOs?

Insurance 150

Insurance Risk IoT Data-driven 150

Occam's Razor

OCTOBER 21, 2013

My most important query is car insurance (surprise!). I can create a report in Google Trends for the query "car insurance" and look at the past 12 months of data for the United States. Controlled experimentation. Measure the impact (remember you can measure at a Search Engine and Organic/Paid level).

Optimization 156

Optimization Reporting Metrics Experimentation 156

Occam's Razor

JULY 26, 2010

For example let's say I work at a delightful car / health / spaceship insurance company. If today you are a content site that is only focused on measuring content consumed try to go deeper to understanding CPA of the ads or Visitor Loyalty. 3: Measure complete site success. Measure everyone's success.

Metrics 96

Metrics Measurement Dashboards Reporting 96

Occam's Razor

DECEMBER 12, 2016

I was speaking with a massive national insurance company recently. Digital Marketing & Measurement Model. My solution to this, incredibly real and frustrating problem, is to insist on seeing the signed in blood version of the company's Digital Marketing & Measurement Model. That's it. Problematic, right?

Analytics 142

Analytics Data-driven Strategy Consulting 142

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

CIO Business Intelligence

OCTOBER 10, 2024

A medical, insurance, or financial large language model (LLM) AI, built from scratch, can cost up to $20 million. Still, a 30% failure rate represents a huge amount of time and money, given how widespread AI experimentation is today. While Gersch recommends tying AI projects to business goals, she also encourages experimentation.

ROI 135

ROI Experimentation Cost-Benefit Metrics 135

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. This requires not only selecting the right projects but also clearly defining how success can be measured.

Cost-Benefit 117

Cost-Benefit ROI Metrics Measurement 117