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. And you, as the product manager, are caught between them.

Management 363

Management Machine Learning Experimentation Metrics 363

CIO Business Intelligence

AUGUST 21, 2024

It wasn’t just a single measurement of particulates,” says Chris Mattmann, NASA JPL’s former chief technology and innovation officer. “It It was many measurements the agents collectively decided was either too many contaminants or not.” They also had extreme measurement sensitivity. Adding smarter AI also adds risk, of course.

Risk 136

Risk Insurance Cost-Benefit Software 136

Rocket-Powered Data Science

FEBRUARY 15, 2023

3) How do we get started, when, who will be involved, and what are the targeted benefits, results, outcomes, and consequences (including risks)? 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!

Strategy 290

Strategy Experimentation Uncertainty Machine Learning 290

CIO Business Intelligence

MARCH 5, 2025

Two years of experimentation may have given rise to several valuable use cases for gen AI , but during the same period, IT leaders have also learned that the new, fast-evolving technology isnt something to jump into blindly. The next thing is to make sure they have an objective way of testing the outcome and measuring success.

Testing 99

Testing Measurement Technology Experimentation 99

CIO Business Intelligence

JANUARY 10, 2025

High expectations, but ROI challenges persist Despite significant investments, only 31% of organizations expect to measure generative AIs return on investment in the next six months. The dynamic nature of AI demands new ways to measure value beyond the limits of a conventional business case, Chase said.

ROI 81

ROI Enterprise Broadcasting Metrics 81

CIO Business Intelligence

OCTOBER 17, 2024

While tech debt refers to shortcuts taken in implementation that need to be addressed later, digital addiction results in the accumulation of poorly vetted, misused, or unnecessary technologies that generate costs and risks. million machines worldwide, serves as a stark reminder of these risks. Assume unknown unknowns.

Risk 108

Risk Experimentation Testing Strategy 108

Corinium

JUNE 6, 2019

Regulations and compliance requirements, especially around pricing, risk selection, etc., A properly set framework will ensure quality, timeliness, scalability, consistency, and industrialization in measuring and driving the return on investment. present a significant barrier to adoption of the latest and greatest approaches.

Insurance 250

Insurance Analytics Forecasting Deep Learning 250

CIO Business Intelligence

AUGUST 20, 2024

CIOs have a new opportunity to communicate a gen AI vision for using copilots and improve their collaborative cultures to help accelerate AI adoption while avoiding risks. They must define target outcomes, experiment with many solutions, capture feedback, and seek optimal paths to delivering multiple objectives while minimizing risks.

IT 141

IT Digital Transformation Experimentation Risk 141

CIO Business Intelligence

AUGUST 16, 2023

We put sensors in the vessels, and with the measurement data we receive, we can see how full they are and plan the routes accordingly,” says Andreas Bäckström, a business developer at Division Drift. Digital alerts Another project deals with slow-moving vehicles, something that increases the risk of accidents on the roads.

Risk 98

Risk Cost-Benefit Internet of Things Digital Transformation 98

CIO Business Intelligence

SEPTEMBER 12, 2024

The familiar narrative illustrates the double-edged sword of “shadow AI”—technologies used to accomplish AI-powered tasks without corporate approval or oversight, bringing quick wins but potentially exposing organizations to significant risks. Establish continuous training emphasizing ethical considerations and potential risks.

Experimentation 111

Experimentation Risk Cost-Benefit Strategy 111

CIO Business Intelligence

DECEMBER 11, 2024

Research from IDC predicts that we will move from the experimentation phase, the GenAI scramble that we saw in 2023 and 2024, and mature into the adoption phase in 2025/26 before moving into AI-fuelled businesses in 2027 and beyond. So what are the leaders doing differently?

ROI 59

ROI Experimentation Insurance Strategy 59

CIO Business Intelligence

OCTOBER 15, 2024

Recommendation : CIOs should adopt a risk-informed approach, understanding business, customer, and employee impacts before setting application-specific continuous deployment strategies. Shortchanging end-user and developer experiences Many DevOps practices focus on automation, such as CI/CD and infrastructure as code.

Enterprise 143

Enterprise Testing Business Objectives Experimentation 143

CIO Business Intelligence

JULY 1, 2024

By documenting cases where automated systems misbehave, glitch or jeopardize users, we can better discern problematic patterns and mitigate risks. 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.

Reporting 129

Reporting Risk Management Experimentation Risk 129

The Unofficial Google Data Science Blog

APRIL 23, 2024

the weight given to Likes in our video recommendation algorithm) while $Y$ is a vector of outcome measures such as different metrics of user experience (e.g., Taking measurements at parameter settings further from control parameter settings leads to a lower variance estimate of the slope of the line relating the metric to the parameter.

Experimentation 52

Experimentation Optimization Uncertainty Metrics 52

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. CIOs should first launch internal projects with low public-facing exposure , which can mitigate risk and provide a controlled environment for experimentation.

ROI 143

ROI Cost-Benefit Experimentation Deep Learning 143

CIO Business Intelligence

JULY 7, 2023

As more individuals use browser-based apps to get their work done, IT leaders need to provide seamless access to corporate apps and tools while minimizing security risks. A security-by-design culture incorporates security measures deeply into the design and development of systems, rather than treating them as an afterthought.

Measurement 122

Measurement Risk Experimentation Enterprise 122

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

OCTOBER 21, 2024

Slow progress frustrates teams and discourages future experimentation.” That lack of understanding fuels a fear of decommissioning and replacing old systems, as IT and business leaders see a high risk of significant snafus when they don’t understand all the complexities and connections within their legacy tech, he explains.

IT 137

IT Experimentation Cost-Benefit Consulting 137

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 example, imagine a fantasy football site is considering displaying advanced player statistics.

Experimentation 96

Experimentation Statistics Testing Knowledge Discovery 96

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

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

CIO Business Intelligence

JUNE 15, 2023

Despite headlines warning that artificial intelligence poses a profound risk to society , workers are curious, optimistic, and confident about the arrival of AI in the enterprise, and becoming more so with time, according to a recent survey by Boston Consulting Group (BCG). For many, their feelings are based on sound experience.

Management 116

Management Experimentation Optimization Enterprise 116

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. IT leaders help facilitate a shift in organizational mindset toward a willingness to take risks and learn from failures.

Digital Transformation 143

Digital Transformation Cost-Benefit Experimentation Measurement 143

O'Reilly on Data

MARCH 23, 2023

What is it, how does it work, what can it do, and what are the risks of using it? 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. What Are the Risks? Copyright violation is another risk.

IT 348

IT Modeling Testing Risk 348

Smart Data Collective

FEBRUARY 4, 2020

Without better methodology, difficult-to-treat and ill-understood conditions and diseases are at risk of staying that way. An open and impartial AI model should be able to inject a measure of transparency into this process along with the obvious efficiency advantages. Existing Methods Leave Many Patient Needs Unmet.

Experimentation 113

Experimentation Testing Modeling Strategy 113

DataKitchen

MARCH 8, 2023

This requires a culture of innovation, experimentation, and willingness to take risks and try new approaches. It is not enough to just deploy to production quickly; teams need to lower the risk of deployment failure. Measuring these goals is very important to success.

Analytics 130

Analytics Manufacturing Data-driven Data Analytics 130

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

CIO Business Intelligence

SEPTEMBER 12, 2022

Prioritize time for experimentation. By providing your employees with psychological safety, an innovation-centric purpose, and encouragement — you can help them find the courage to risk failure in pursuit of creative ambition.” . Here, they and others share seven ways to create and nurture a culture of innovation.

Experimentation 133

Experimentation Consulting Technology Machine Learning 133

CIO Business Intelligence

OCTOBER 18, 2023

But if there are any stop signs ahead regarding risks and regulations around generative AI, most enterprise CIOs are blowing past them, with plans to deploy an abundance of gen AI applications within the next two years if not already. CarMax CITO Shamim Mohammed confirms his company was using OpenAI’s GPT-3.x

Risk 141

Risk Manufacturing Enterprise Technology 141

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., No place is the risk higher than data.

Digital Transformation 96

Digital Transformation Scorecard Measurement Experimentation 96

CIO Business Intelligence

APRIL 18, 2022

They run the risk of miscommunication and misaligned business, technology, and operational strategy across the CXO team. As much as Young wants to support small and midsize businesses, he says he has to think about the risk to the business and their customers. They invest in cloud experimentation.

Digital Transformation 145

Digital Transformation Dashboards Cost-Benefit Consulting 145

CIO Business Intelligence

AUGUST 23, 2024

Making that available across the division will spur more robust experimentation and innovation, he notes. Still, doing so will require great oversight and robust quality control procedures, he says, acknowledging the risks that come with experimenting with the most advanced scientific tools on the planet. It’s additive.”

Data Science 101

Data Science Experimentation Testing Modeling 101

Sisense

JANUARY 21, 2020

A new drug promising to reduce the risk of heart attack was tested with two groups. When the data is combined, it seems that the drug reduces the risk of getting a heart attack. In addition, men are at a greater risk of having a heart attack, overall. It also reduced their risk of heart attack. of men took the drug).

Testing 104

Testing Data-driven Risk Statistics 104

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. That’s a pitfall, and it is critical to always have a very comprehensive risk assessment practice in place,” Renganathan says. “We That meant having to let “the urgent things interrupt the important things,” he says.

Strategy 137

Strategy Technology Experimentation Testing 137

CIO Business Intelligence

AUGUST 17, 2023

But, as with any big new wave, there is a risk of once-promising projects being washed up and there are clear and obvious concerns over governance, quality and security. We ran workshops with every division of our business, educating them on the accelerating innovation in this area, brainstorming opportunities and risks.

Risk 98

Risk Cost-Benefit Strategy Unstructured Data 98

CIO Business Intelligence

MAY 16, 2023

It surpasses blockchain and metaverse projects, which are viewed as experimental or in the pilot stage, especially by established enterprises. Information governance enables enterprises to achieve strategic goals, mitigate risk, and reduce costs. Conversations suggest that AI is already transforming most major industries.

Advertising 105

Advertising Recreation/Entertainment Experimentation Data Collection 105

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