CIO Business Intelligence

OCTOBER 24, 2024

As they look to operationalize lessons learned through experimentation, they will deliver short-term wins and successfully play the gen AI — and other emerging tech — long game,” Leaver said. Determining the optimal level of autonomy to balance risk and efficiency will challenge business leaders,” Le Clair said.

ROI 127

ROI Data-driven Enterprise Experimentation 127

O'Reilly on Data

SEPTEMBER 15, 2020

Technical competence results in reduced risk and uncertainty. AI initiatives may also require significant considerations for governance, compliance, ethics, cost, and risk. Likewise, AI doesn’t inherently optimize supply chains, detect diseases, drive cars, augment human intelligence, or tailor promotions to different market segments.

Advertising 362

Advertising Cost-Benefit ROI Machine Learning 362

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

JANUARY 10, 2025

Currently, 51% of organizations are exploring their potential to optimize administrative tasks (60%), customer service (54%), and business content creation (53%). Despite the challenges, there is optimism about driving greater adoption. However, only 12% have deployed such tools to date.

ROI 81

ROI Enterprise Broadcasting Metrics 81

Smart Data Collective

JULY 9, 2023

One benefit is that they can help with conversion rate optimization. Collecting Relevant Data for Conversion Rate Optimization Here is some vital data that e-commerce businesses need to collect to improve their conversion rates. Experimentation is the key to finding the highest-yielding version of your website elements.

Optimization 97

Optimization Data Analytics Analytics Data-driven 97

The Unofficial Google Data Science Blog

APRIL 23, 2024

If the relationship of $X$ to $Y$ can be approximated as quadratic (or any polynomial), the objective and constraints as linear in $Y$, then there is a way to express the optimization as a quadratically constrained quadratic program (QCQP). However, joint optimization is possible by increasing both $x_1$ and $x_2$ at the same time.

Experimentation 52

Experimentation Optimization Uncertainty Metrics 52

DataRobot Blog

DECEMBER 6, 2022

Other organizations are just discovering how to apply AI to accelerate experimentation time frames and find the best models to produce results. Taking a Multi-Tiered Approach to Model Risk Management. Data scientists are in demand: the U.S. Explore these 10 popular blogs that help data scientists drive better data decisions.

Experimentation 145

Experimentation Forecasting Data-driven Machine Learning 145

CIO Business Intelligence

AUGUST 16, 2023

But now, routes are optimized according to the filling levels in the vessels, which are owned by the Swedish Transport Administration, yet Svevia is responsible for emptying them through a number of subcontractors around the country. “We Since the route optimization came into place, fewer emptyings are required, he notes.

Risk 98

Risk Cost-Benefit Internet of Things Digital Transformation 98

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

APRIL 12, 2024

Right now most organizations tend to be in the experimental phases of using the technology to supplement employee tasks, but that is likely to change, and quickly, experts say. But that’s just the tip of the iceberg for a future of AI organizational disruptions that remain to be seen, according to the firm.

Experimentation 143

Experimentation Reporting Testing Statistics 143

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

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? Many of these go slightly (but not very far) beyond your initial expectations: you can ask it to generate a list of terms for search engine optimization, you can ask it to generate a reading list on topics that you’re interested in. What Are the Risks?

IT 348

IT Modeling Testing Risk 348

CIO Business Intelligence

OCTOBER 5, 2023

Sandeep Davé knows the value of experimentation as well as anyone. CBRE has also used AI to optimize portfolios for several clients, and recently launched a self-service generative AI product that enables employees to interact with CBRE and external data in a conversational manner. And those experiments have paid off.

Experimentation 130

Experimentation Strategy Machine Learning Interactive 130

DataRobot Blog

JANUARY 10, 2023

Data science teams of all sizes need a productive, collaborative method for rapid AI experimentation. Clinics and hospitals like Phoenix Children’s use AI to predict which patients are at risk of contracting an illness so that they can then prescribe medication and treatment accordingly. Auto-scale compute.

Experimentation 52

Experimentation Machine Learning Data Science Modeling 52

CIO Business Intelligence

MARCH 7, 2023

But the faster transition often caused underperforming apps, greater security risks, higher costs, and fewer business outcomes, forcing IT to address these issues before starting app modernizations. Integrate a new data source, then scan and mask the data for personally identifiable information.

Digital Transformation 145

Digital Transformation Data Governance Machine Learning Experimentation 145

Decision Management Solutions

MARCH 26, 2020

We’ve been blogging recently on Decision Optimization. The Customer Journey to Decision Optimization. Those trying to improve and optimize their decisions report various challenges. Some approaches have never been tried on certain segments – higher risk customers might never have been targeted with price reductions, say.

Experimentation 72

Experimentation Recreation/Entertainment Optimization Testing 72

CIO Business Intelligence

JULY 24, 2024

This dynamic framework offers CIOs a powerful tool to continually optimize their technology portfolios, ensuring their organizations remain agile, efficient, and future-ready. Key strategies for exploration: Experimentation: Conduct small-scale experiments. Use agile methodologies to implement updates and optimizations quickly.

Technology 98

Technology Experimentation Cost-Benefit Digital Transformation 98

DataKitchen

DECEMBER 1, 2022

DataOps is also about enabling teams to work together more efficiently across organizations and departments to continuously build upon each other’s work and get insights faster; this helps maximize the team’s productivity while minimizing risk.

Experimentation 130

Experimentation Data-driven Risk Optimization 130

CIO Business Intelligence

OCTOBER 1, 2022

The digital transformation of P&G’s manufacturing platform will enable the company to check product quality in real-time directly on the production line, maximize the resiliency of equipment while avoiding waste, and optimize the use of energy and water in manufacturing plants. Data and AI as digital fundamentals.

Manufacturing 145

Manufacturing Digital Transformation IoT Internet of Things 145

DataRobot

JANUARY 20, 2022

— Collaborating via Snowflake Data Cloud and DataRobot AI Cloud Platform will enable multiple organizations to build a community movement where experimentation, innovation, and creativity flourish. Specialized teams from DataRobot and Snowflake will enable ICSs to mitigate data governance and model bias risk with confidence.

Data-driven 145

Data-driven Experimentation Predictive Modeling Data Warehouse 145

CIO Business Intelligence

NOVEMBER 7, 2022

Have business leaders defined realistic success criteria and areas of low-risk experimentation? The lab infrastructure used to develop models, and the lower scale required to pilot an AI capability, may not be the optimal production infrastructure. Are they involved in pilots and providing feedback?

Machine Learning 128

Machine Learning Data Science Experimentation IoT 128

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. Finding the right use cases for AI while minimizing risk to the business requires collaboration between IT and the workforce. Caution is king, however.

Measurement 122

Measurement Risk Experimentation Enterprise 122

CIO Business Intelligence

DECEMBER 19, 2023

If CIOs don’t improve conversions from pilot to production, they may find their investors losing patience in the process and culture of experimentation. CIOs should look for other operational and risk management practices to complement transformation programs.

Digital Transformation 143

Digital Transformation Unstructured Data Machine Learning Risk Management 143

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

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

CIO Business Intelligence

APRIL 24, 2024

That includes many technologies based on machine learning, such as sales forecasting, lead scoring and qualification, pricing optimization, and customer sentiment analysis. We’re mostly still optimizing our sales and marketing processes with CRM tools,” he says. A CFO would just say to wait and see what the risks are,” he says.

Sales 128

Sales Finance Experimentation Cost-Benefit 128

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. A decision framework to automate and optimize workload execution. Managing Cloud Concentration Risk.

Slice and Dice 115

Slice and Dice Cost-Benefit Data Governance Risk 115

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. in concert with Microsoft’s AI-optimized Azure platform.

Risk 141

Risk Manufacturing Enterprise Technology 141

IBM Big Data Hub

JUNE 10, 2024

Cloud-based XaaS offerings provide organizations with the agility to scale resources up or down based on demand, enabling optimal resource utilization and cost efficiency. With granular insights into resource consumption, businesses can identify opportunities for optimization and allocate budgets more effectively.

Experimentation 62

Experimentation Optimization Risk Management Machine Learning 62

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

Cloudera

OCTOBER 4, 2023

In telecommunications, fast-moving data is essential when we’re looking to optimize the network, improving quality, user satisfaction, and overall efficiency. In financial services, fast-moving data is critical for real-time risk and threat assessments. We get optimized price/performance on complex workloads over massive scale data.

Data Warehouse 89

Data Warehouse Experimentation Cost-Benefit Dashboards 89

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

SEPTEMBER 12, 2022

Prioritize time for experimentation. One instance of how that exploration led to real business benefits was with the application of machine learning to predict optimal product formulation using a set of desired consumer benefits. 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

JULY 3, 2023

Rather than relying on APIs provided by firms such as OpenAI and the risks of uploading potentially sensitive data to third-party servers, new approaches are allowing firms to bring smaller LLMs inhouse. However, the AI future for many enterprises lies in building and adapting much smaller models based on their own internal data assets.

Management 105

Management Experimentation Modeling Enterprise 105

CIO Business Intelligence

JANUARY 9, 2024

Many organizations know that commercially available, “off-the-shelf” generative AI models don’t work well in enterprise settings because of significant data access and security risks. Knowing these lessons before generative AI adoption will likely save time, improve outcomes, and reduce risks and potential costs.

Enterprise 119

Enterprise Experimentation Modeling Data-driven 119

CIO Business Intelligence

MARCH 5, 2024

Many other platforms, such as Coveo’s Relative Generative Answering , Quickbase AI , and LaunchDarkly’s Product Experimentation , have embedded virtual assistant capabilities but don’t brand them copilots.

Advertising 124

Advertising Cost-Benefit Experimentation Reporting 124

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