CIO Business Intelligence

OCTOBER 18, 2024

CIOs view gen AI as a technology that is here to stay, and they are excited about innovating with it, but it will take time and extensive experimentation to deliver value from AI responsibly. First, CIOs — like so many in the IT industry — lack the experience to know what gen AI can actually do. What’s the plan? What’s the solution?

Experimentation 144

Experimentation Enterprise Technology Finance 144

CIO Business Intelligence

OCTOBER 1, 2024

Measure everything Looking for ROI too soon is often a product of poor planning, says Rowan Curran, an AI and data science analyst at Forrester. Organizations rolling out AI tools first need to set reasonable expectations and establish key metrics to measure the value of the deployment , he says.

ROI 131

ROI IT Measurement Experimentation 131

CIO Business Intelligence

SEPTEMBER 12, 2024

Unmonitored AI tools can lead to decisions or actions that undermine regulatory and corporate compliance measures, particularly in sectors where data handling and processing are tightly regulated, such as finance and healthcare. Review and integrate successful experimental AI projects into the company’s main operational framework.

Experimentation 111

Experimentation Risk Cost-Benefit Strategy 111

CIO Business Intelligence

NOVEMBER 19, 2024

Generative AI (GenAI) is rapidly emerging as a game changer for enterprises, but turning its potential into measurable value remains a significant challenge. This stark contrast between experimentation and execution underscores the difficulties in harnessing AI’s transformative power. Of those, just three are considered successful.

Consulting 137

Consulting Cost-Benefit Experimentation Optimization 137

CIO Business Intelligence

AUGUST 20, 2024

While the focus at these three levels differ, CIOs should provide a consistent definition of high performance and how it’s measured. Emerging leaders who may be agile team leaders and product owners should prioritize developing business acumen and improving facilitation skills to lead self-organizing teams.

IT 141

IT Digital Transformation Experimentation Risk 141

Rocket-Powered Data Science

FEBRUARY 15, 2023

encouraging and rewarding) a culture of experimentation across the organization. Encourage and reward a Culture of Experimentation that learns from failure, “ Test, or get fired! This can be overcome with small victories (MVP minimum viable products, or MLP minimum lovable products) and with instilling (i.e., Test early and often.

Strategy 290

Strategy Experimentation Uncertainty Machine Learning 290

CIO Business Intelligence

FEBRUARY 1, 2024

Prioritising and measuring is key Generative AI represents a welcome shot in the arm for a sector in desperate need of efficiency and productivity gains. In the short term, healthcare CIOs need to focus on prioritising their use cases and ensuring they have a robust measuring framework in place to assess the results of trial deployment.

Experimentation 115

Experimentation Forecasting Measurement Cost-Benefit 115

DataKitchen

JANUARY 20, 2021

Centralizing analytics helps the organization standardize enterprise-wide measurements and metrics. Central DataOps process measurement function with reports. A COE typically has a full-time staff that focuses on delivering value for customers in an experimentation-driven, iterative, result-oriented, customer-focused way.

Metrics 243

Metrics Experimentation Measurement Testing 243

CIO Business Intelligence

OCTOBER 17, 2024

On one hand, they must foster an environment encouraging innovation, allowing for experimentation, evaluation, and learning with new technologies. This structured approach allows for controlled experimentation while mitigating the risks of over-adoption or dependency on unproven technologies.

Risk 108

Risk Experimentation Testing Strategy 108

CIO Business Intelligence

MARCH 28, 2023

As today’s great leaders recognize, true success is not solely measured by the bottom line but also by the impact a business has on its stakeholders, including employees, partners, and the environment. Here are some ways leaders can cultivate innovation: Build a culture of experimentation. Invest in technology. Use data and metrics.

Experimentation 98

Experimentation Metrics Measurement Digital Transformation 98

CIO Business Intelligence

OCTOBER 31, 2024

There’s value in that kind of tinkering and experimentation on the employee level, but you want to do it safely,” says Nick van der Meulen, a research scientist at MIT CISR. “A In both cases, organizations should measure the success by both immediate impact and how well these tools and solutions align with the long-term business goals.”

Data-driven 142

Data-driven Unstructured Data Experimentation Consulting 142

CIO Business Intelligence

JUNE 13, 2024

Proof that even the most rigid of organizations are willing to explore generative AI arrived this week when the US Department of the Air Force (DAF) launched an experimental initiative aimed at Guardians, Airmen, civilian employees, and contractors.

Testing 119

Testing Experimentation Data Processing Modeling 119

CIO Business Intelligence

NOVEMBER 11, 2024

Kubota has projects across these pillars in various stages of maturity, with some already live and some still in experimentation. Kakkar’s litmus test for pursuing a project depends on whether it has a clear purpose, goal, and measurable objectives.

IoT 110

IoT Experimentation Dashboards Data Lake 110

CIO Business Intelligence

OCTOBER 15, 2024

One example is how DevOps teams use feature flags, which can drive agile experimentation by enabling product managers to test features and user experience variants. CIOs may mistakenly underinvest in practices that improve user experiences, increase alignment with business stakeholders, and promote a positive developer experience.

Enterprise 143

Enterprise Testing Business Objectives Experimentation 143

Occam's Razor

SEPTEMBER 19, 2011

This: You understand all the environmental variables currently in play, you carefully choose more than one group of "like type" subjects, you expose them to a different mix of media, measure differences in outcomes, prove / disprove your hypothesis (DO FACEBOOK NOW!!!), Measuring Incrementality: Controlled Experiments to the Rescue!

Measurement 120

Measurement Advertising Testing Marketing 120

CIO Business Intelligence

FEBRUARY 7, 2024

We’ve seen an ongoing iteration of experimentation with a number of promising pilots in production,” he says. When a tool gets to the point where we believe we’re onto something, we ask what measurable business outcomes it will achieve,” he says. We’re now in the process of scaling and deploying it, because we’re able to measure it.”

KPI 105

KPI Measurement Experimentation Finance 105

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. What are you measuring?

Cost-Benefit 143

Cost-Benefit Metrics Insurance Measurement 143

CIO Business Intelligence

MARCH 12, 2024

The maturity of any development organization can easily be measured in terms of the size and type of investment made in QA,” he says. 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

CIO Business Intelligence

AUGUST 23, 2024

Making that available across the division will spur more robust experimentation and innovation, he notes. In the meantime, as enterprises move toward more advanced development of gen AI models, CIOs will have a lot to manage in terms of vendor partnerships, procurement, costs, development, measuring outcomes, and security.

Data Science 101

Data Science Experimentation Testing Modeling 101

CIO Business Intelligence

AUGUST 15, 2024

Take a measured approach As enterprises search for the long-term, transformational use cases for gen AI, many CIOs are under pressure from CEOs or board members to find value now, observers say. “The current AI boom shares some characteristics with past tech bubbles, such as inflated expectations and lofty valuations,” Tahir says.

ROI 143

ROI Cost-Benefit Experimentation Deep Learning 143

The Unofficial Google Data Science Blog

JULY 22, 2020

Instead, we focus on the case where an experimenter has decided to run a full traffic ramp-up experiment and wants to use the data from all of the epochs in the analysis. When there are changing assignment weights and time-based confounders, this complication must be considered either in the analysis or the experimental design.

Experimentation 95

Experimentation Statistics Testing Knowledge Discovery 95

O'Reilly on Data

OCTOBER 19, 2021

ML apps need to be developed through cycles of experimentation: due to the constant exposure to data, we don’t learn the behavior of ML apps through logical reasoning but through empirical observation. Besides infrastructure, effective A/B testing requires a control plane, a modern experimentation platform, such as StatSig.

IT 350

IT Testing Experimentation Software 350

CIO Business Intelligence

NOVEMBER 12, 2024

Measure the impact of software developers by how teams meet release commitments, promote design peer reviews, and demonstrate the impacts of experimentation. Facilitate developing self-organizing standards where team leaders, enterprise architects , and product managers promote best practices and establish design principles.

IT 139

IT Digital Transformation Management Experimentation 139

CIO Business Intelligence

JUNE 15, 2023

And while 68% of leaders believe their companies have implemented adequate measures to ensure responsible use of AI, only 29% of their frontline employees feel that way. There are other ways in which employees’ concerns about AI is unevenly distributed, too. Leaders are more likely to be optimistic, and frontline workers concerned, BCG found.

Management 116

Management Experimentation Optimization Enterprise 116

CIO Business Intelligence

JUNE 14, 2023

Certifications measure your knowledge and skills against industry- and vendor-specific benchmarks to prove to employers that you have the right skillset. They should also have experience with pattern detection, experimentation in business, optimization techniques, and time series forecasting.

Big Data 126

Big Data Data Analytics Analytics Predictive Modeling 126

O'Reilly on Data

MARCH 31, 2020

Because it’s so different from traditional software development, where the risks are more or less well-known and predictable, AI rewards people and companies that are willing to take intelligent risks, and that have (or can develop) an experimental culture. Measurement, tracking, and logging is less of a priority in enterprise software.

Management 338

Management Machine Learning Experimentation Metrics 338

CIO Business Intelligence

NOVEMBER 13, 2023

Foster a culture of innovation: Digital transformation requires innovation and experimentation, and thus a culture for embracing new technologies and ideas. Leaders must clearly define what they want to achieve through digital transformation and how they plan to do it.

Digital Transformation 143

Digital Transformation Cost-Benefit Experimentation Measurement 143

CIO Business Intelligence

JULY 1, 2024

Lastly, CLTR said, capacity to monitor, investigate, and respond to incidents needs to be enhanced through measures such as the establishment of a pilot AI incident database. AI-specific reporting regulations Industry experts offered a mixed but broadly positive reaction to CLTR ‘s report.

Reporting 129

Reporting Risk Management Experimentation Risk 129

CIO Business Intelligence

AUGUST 25, 2023

In this conversation with Foundry, Mitali discusses the accelerated importance of technology in healthcare, on enabling healthcare providers with data and why her team isn’t afraid of experimentation. During performance evaluations, one of the criteria my team is measured on is their commitment to gaining new skills.

Experimentation 98

Experimentation Digital Transformation Technology Data Collection 98

CIO Business Intelligence

JULY 7, 2023

A security-by-design culture incorporates security measures deeply into the design and development of systems, rather than treating them as an afterthought. Other experts agreed, and provided additional guidance: “Improving the experience of employees while maintaining security can be tricky. Caution is king, however.

Measurement 122

Measurement Experimentation Risk Enterprise 122

CIO Business Intelligence

JULY 2, 2024

The rapid proliferation of connected devices and increasing reliance on digital services have underscored the need for comprehensive cybersecurity measures and industry-wide standards to mitigate risks and protect users’ data privacy.

Experimentation 105

Experimentation Digital Transformation Risk Management Risk 105

Occam's Razor

MAY 22, 2006

This post is a primer on the delightful world of testing and experimentation (A/B, Multivariate, and a new term from me: Experience Testing). Experimentation and testing help us figure out we are wrong, quickly and repeatedly and if you think about it that is a great thing for our customers, and for our employers. Counter claims?

Experimentation 103

Experimentation Testing Optimization Measurement 103

Data Science 101

JANUARY 15, 2020

Some pitfalls of this type of experimentation include: Suppose an experiment is performed to observe the relationship between the snack habit of a person while watching TV. Reliability: It means measurements should have repeatable results. For eg: you measure the blood pressure of a person.

Experimentation 96

Experimentation Statistics Measurement Testing 96

Alation

DECEMBER 20, 2022

Failing to measure the impact of digital transformation against corporate strategies and OKRs. The measurement of an improvement and transformation is important,” Shaun Guthrie , senior VP of IT at Peavy Industries, points out “[It’s] Not just whether you improved revenue, efficiency, etc., are business problems.”. but by how much.

Digital Transformation 96

Digital Transformation Scorecard Measurement Experimentation 96

AWS Big Data

SEPTEMBER 5, 2024

Experimental data selection For retrieval evaluation, we used to use the datasets from BeIR. To mimic the knowledge retrieval scenario, we choose BeIR/fiqa and squad_v2 as our experimental datasets. Based on our experience of RAG, we measured recall@1, recall@4, and recall@10 for your reference.

Metrics 99

Metrics Experimentation Testing Modeling 99

DataRobot Blog

MARCH 16, 2023

Today, DataRobot unveiled a new AI platform designed to help businesses derive measurable value from AI – something that too many organizations today have been unable to achieve. We are offering customers rapid experimentation and value identification, with both code-first and no-code approaches. And we’re just getting started.

Experimentation 52

Experimentation Data-driven Measurement Enterprise 52

O'Reilly on Data

SEPTEMBER 15, 2020

Technical sophistication: Sophistication measures a team’s ability to use advanced tools and techniques (e.g., Technical competence: Competence measures a team’s ability to successfully deliver on initiatives and projects. They’re not new to the field; they’ve solved problems, and have discovered what does and doesn’t work.

Advertising 299

Advertising Cost-Benefit ROI Machine Learning 299