CIO Business Intelligence

JULY 5, 2024

This is why many enterprises are seeing a lot of energy and excitement around use cases, yet are still struggling to realize ROI. 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.

ROI 124

ROI Experimentation Risk Cost-Benefit 124

Corinium

JUNE 6, 2019

Beyond that, we recommend setting up the appropriate data management and engineering framework including infrastructure, harmonization, governance, toolset strategy, automation, and operating model. It is also important to have a strong test and learn culture to encourage rapid experimentation. It is fast and slow.

Insurance 250

Insurance Analytics Forecasting Deep Learning 250

CIO Business Intelligence

MAY 23, 2022

Many companies whose AI model training infrastructure is not proximal to their data lake incur steeper costs as the data sets grow larger and AI models become more complex. The cloud is great for experimentation when data sets are smaller and model complexity is light. Potential headaches of DIY on-prem infrastructure.

Experimentation 137

Experimentation Cost-Benefit Data Lake Data Science 137

CIO Business Intelligence

AUGUST 15, 2024

Determining the ROI for “ubiquitous” gen AI uses, such as virtual assistants or intelligent chatbots , can be difficult, says Frances Karamouzis, an analyst in the Gartner AI, hyper-automation, and intelligent automation group. However, foundational models will always have a place as the core backbone for the industry.”

ROI 143

ROI Cost-Benefit Experimentation Deep Learning 143

Occam's Razor

AUGUST 13, 2012

Yehoshua I've covered this topic in detail in this blog post: Multi-Channel Attribution: Definitions, Models and a Reality Check. I explain three different models (Online to Store, Across Multiple Devices, Across Digital Channels) and for each I've highlighted: 1. What's possible to measure. That is the solution.

Modeling 125

Modeling Metrics Data Quality Data-driven 125

Domino Data Lab

MAY 15, 2019

Unfortunately, a common challenge that many industry people face includes battling “ the model myth ,” or the perception that because their work includes code and data, their work “should” be treated like software engineering. These steps also reflect the experimental nature of ML product management.

Machine Learning 111

Machine Learning Management Experimentation Uncertainty 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. These ROI expectations exist despite many surveyed organisations not having a clear AI strategy.

ROI 59

ROI Experimentation Insurance Strategy 59

datapine

JANUARY 31, 2022

For example, in regards to marketing, traditional advertising methods of spending large amounts of money on TV, radio, and print ads without measuring ROI aren’t working like they used to. They’re about having the mindset of an experimenter and being willing to let data guide a company’s decision-making process.

Business Intelligence 214

Business Intelligence Analytics Cost-Benefit ROI 214

IBM Big Data Hub

MAY 17, 2024

Cloud maturity models are a useful tool for addressing these concerns, grounding organizational cloud strategy and proceeding confidently in cloud adoption with a plan. Cloud maturity models (or CMMs) are frameworks for evaluating an organization’s cloud adoption readiness on both a macro and individual service level.

Modeling 96

Modeling Cost-Benefit Optimization Digital Transformation 96

CIO Business Intelligence

AUGUST 14, 2024

It’s embedded in the applications we use every day and the security model overall is pretty airtight. Microsoft has also made investments beyond OpenAI, for example in Mistral and Meta’s LLAMA models, in its own small language models like Phi, and by partnering with providers like Cohere, Hugging Face, and Nvidia. That’s risky.”

Enterprise 136

Enterprise Cost-Benefit Experimentation Modeling 136

CIO Business Intelligence

MAY 1, 2024

Gen AI takes us from single-use models of machine learning (ML) to AI tools that promise to be a platform with uses in many areas, but you still need to validate they’re appropriate for the problems you want solved, and that your users know how to use gen AI effectively. Pilots can offer value beyond just experimentation, of course.

Cost-Benefit 143

Cost-Benefit Metrics Insurance Measurement 143

CIO Business Intelligence

JULY 24, 2024

Key strategies for exploration: Experimentation: Conduct small-scale experiments. Data-driven decisions: Leverage data and analytics to assess new technologies’ potential impact and ROI. Foster adaptability through learning and integration Embrace experimentation, treating setbacks as learning opportunities to guide future investments.

Technology 98

Technology Experimentation Cost-Benefit Digital Transformation 98

CIO Business Intelligence

FEBRUARY 16, 2024

ADP combines various datasets and analytics technologies and builds algorithms and machine learning models to develop custom solutions for its clients, such as determining salary ranges for nurses in a specific state that a healthcare client may be evaluating for relocation. We are so early in the game and doing a lot of experimentation.

Digital Transformation 116

Digital Transformation Experimentation Cost-Benefit Machine Learning 116

IBM Big Data Hub

MARCH 4, 2024

By becoming an AI+ enterprise, clients can realize the ROI not only for the AI use case but also for improving the related business and technical capabilities required to deliver AI use cases into production at scale. times higher ROI. times higher ROI. Consider the following: Do you need a public foundation model?

Enterprise 96

Enterprise ROI Risk Strategy 96

IBM Big Data Hub

OCTOBER 4, 2022

It is well known that Artificial Intelligence (AI) has progressed, moving past the era of experimentation. Today, AI presents an enormous opportunity to turn data into insights and actions, to amplify human capabilities, decrease risk and increase ROI by achieving break through innovations. Platforms and practices not optimized for AI.

Metadata 97

Metadata Risk Management Risk Experimentation 97

CIO Business Intelligence

FEBRUARY 22, 2024

With the aim to accelerate innovation and transform its digital infrastructures and services, Ferrovial created its Digital Hub to serve as a meeting point where research and experimentation with digital strategies could, for example, provide new sources of income and improve company operations.

IT 105

IT Digital Transformation IoT Cost-Benefit 105

CIO Business Intelligence

AUGUST 1, 2023

The impact of generative AIs, including ChatGPT and other large language models (LLMs), will be a significant transformation driver heading into 2024. Improving customer support is a quick win for delivering short-term ROI from LLMs and AI search capabilities. It might actually be worth something by cleaning it up and using an LLM.”

Digital Transformation 98

Digital Transformation Unstructured Data Strategy Data Science 98

CIO Business Intelligence

APRIL 6, 2022

The race to embrace digital technologies to compete and stay relevant in emerging business models is compelling organizations to shift focus. While enterprises invest in innovation, key challenges such as successful sustenance, ROI realization, scaling and accelerating still remain. . Accelerate Innovation.

Experimentation 103

Experimentation Uncertainty Data Lake Enterprise 103

CIO Business Intelligence

JUNE 28, 2023

Belcorp operates under a direct sales model in 14 countries. As Belcorp considered the difficulties it faced, the R&D division noted it could significantly expedite time-to-market and increase productivity in its product development process if it could shorten the timeframes of the experimental and testing phases in the R&D labs.

Digital Transformation 105

Digital Transformation Cost-Benefit Informatics Data mining 105

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. And then you’ll do a lot of work to get it out and then there’ll be no ROI at the end.

Management 110

Management Machine Learning Experimentation Metrics 110

DataRobot Blog

FEBRUARY 28, 2023

Integrating different systems, data sources, and technologies within an ecosystem can be difficult and time-consuming, leading to inefficiencies, data silos, broken machine learning models, and locked ROI. They can enjoy a hosted experience with code snippets, versioning, and simple environment management for rapid AI experimentation.

Data Processing 72

Data Processing Experimentation Machine Learning Data Warehouse 72

IBM Big Data Hub

MAY 9, 2023

It is well known that Artificial Intelligence (AI) has progressed, moving past the era of experimentation to become business critical for many organizations. Success in delivering scalable enterprise AI necessitates the use of tools and processes that are specifically made for building, deploying, monitoring and retraining AI models.

Metadata 71

Metadata Risk Experimentation Dashboards 71

FineReport

DECEMBER 11, 2019

You’ll learn about the concept of big data and how to use big data—from computing ROI and big data strategies that drive business cases to the overall development and specific projects. The big news is that we no longer need to be proficient in math or statistics, or even rely on expensive modeling software to analyze customers.

Big Data 98

Big Data Statistics Experimentation Data Strategy 98

datapine

FEBRUARY 4, 2020

Keep in mind that a metric like your CTR (click-through-rate) or the number of sessions should be understood in their globality, and not an absolute truth: increasing them will not systematically generate more profit or rise the ROI (return on investment) displayed on this dashboard. 3) Online Advertising Performance. click to enlarge**.

Reporting 280

Reporting Marketing Advertising Metrics 280

CIO Business Intelligence

JANUARY 2, 2024

He plans to scale his company’s experimental generative AI initiatives “and evolve into an AI-native enterprise” in 2024. It involves reimagining our strategies, business models, processes and culture centered around AI’s capabilities, to reshape how we work and drive unparalleled productivity and innovation,” he says.

IT 144

IT Cost-Benefit Statistics Consulting 144

DataRobot Blog

JANUARY 12, 2023

The platform suggests the best possible model quickly, while reducing production and implementation time. DataRobot provides a single, open, AI/ML platform and service that helps deliver fast, ROI-driven model experimentation and reliable production models. No data is stored by DataRobot.

Management 59

Management Data-driven ROI Data Science 59

DataRobot Blog

NOVEMBER 15, 2022

A packed keynote session showed how repeatable workflows and flexible technology get more models into production. Our in-booth theater attracted a crowd in Singapore with practical workshops, including Using AI & Time Series Models to Improve Demand Forecasting and a technical demonstration of the DataRobot AI Cloud platform.

Big Data 52

Big Data Experimentation Machine Learning Data-driven 52

CIO Business Intelligence

DECEMBER 29, 2023

Adaptability and useability of AI tools For CIOs, 2023 was the year of cautious experimentation for AI tools. Also, CIOs are asking what processes other people are using around determining proof of concepts, use cases, and ROI for generative AI,” he says.

Cost-Benefit 139

Cost-Benefit Digital Transformation Consulting Strategy 139

DataRobot

JANUARY 13, 2022

Many companies find that they have a treasure trove of data but lack the expertise to use it to improve ROI. To move from experimental AI to production-level, trustworthy, and ROI-driven AI, it’s vital to align data scientists, business analysts, domain experts, and business leaders to leverage overlapping expertise from these groups.

ROI 52

ROI Machine Learning Experimentation Data Science 52

IBM Big Data Hub

APRIL 18, 2024

While these large language model (LLM) technologies might seem like it sometimes, it’s important to understand that they are not the thinking machines promised by science fiction. Most experts categorize it as a powerful, but narrow AI model. A key trend is the adoption of multiple models in production.

Cost-Benefit 89

Cost-Benefit Manufacturing Modeling Interactive 89

Sisense

JULY 1, 2021

Human thinking will revolve around creating and controlling models, since applying analytical judgment about how and when to use models is still a uniquely human ability. We know in marketing that one of the most powerful ideas is experimentation,” Scott told Sisense. Scott has dubbed this new breed “augmented marketers.”

Marketing 52

Marketing Experimentation Marketing Analytics ROI 52

Smarten

APRIL 18, 2023

and GPT-4 families of large language models, and fine-tuned using supervised and reinforcement learning techniques. While new medical techniques and tools can take time to refine and prove, doctors often leverage experimental techniques to save lives. One of the most intriguing AI developments is the recent focus on ChatGPT.

Digital Transformation 52

Digital Transformation Experimentation ROI Technology 52

Smarten

NOVEMBER 3, 2017

Business users can quickly and easily prepare and analyze data and visualize and explore data, notate and highlight data and share data with others to identify the important ‘nuggets’, buried in traditional data, and to connect the dots, find exceptions, identify patterns and trends and better predict results.

Analytics 40

Analytics Visualization Experimentation Cost-Benefit 40

Smarten

JULY 3, 2017

It can also improve its time to market and competitive advantage, its ROI and its TCO. Tools like plug n’ play predictive analysis and smart data visualization ensure data democratization and drastically reduce the time and cost of analysis and experimentation.

Visualization 40

Visualization Predictive Modeling Business Intelligence Experimentation 40

Ontotext

APRIL 3, 2024

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. Show me the ROI.” So, I see two models there: the language model, unbounded and trained on general human knowledge, and the one bounded by enterprise context. They are the best.”

Technology 45

Technology Risk Digital Transformation Measurement 45

CIO Business Intelligence

OCTOBER 1, 2024

Many organizations have struggled to find the ROI after launching AI projects, but there’s a danger in demanding too much too soon, according to IT research and advisory firm Forrester. 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.

ROI 131

ROI IT Measurement Experimentation 131

CIO Business Intelligence

APRIL 9, 2025

Until we can connect data to the nuances of the business through active governance and trusted context with semantic models that mirror the business, our gut instincts will take priority. Without rock-solid data foundations, even the most advanced ML models merely provide artful analysis.

Enterprise 102

Enterprise Analytics Experimentation Statistics 102