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.

Risk 108

Risk Experimentation Testing Strategy 108

CIO Business Intelligence

AUGUST 21, 2024

Adding smarter AI also adds risk, of course. “At The big risk is you take the humans out of the loop when you let these into the wild.” After observing this system for a few months,” he continues, “Hughes allowed the process to run automatically and report on the implemented changes. We do lose sleep on this,” he says.

Risk 136

Risk Insurance Cost-Benefit Software 136

CIO Business Intelligence

JANUARY 10, 2025

The report underscores a growing commitment to AI-driven innovation, with 67% of business leaders predicting that gen AI will transform their organizations by 2025. The report suggested that the quality of organizational data remains a top obstacle, with 85% of respondents citing it as the most significant challenge for 2025.

ROI 81

ROI Enterprise Broadcasting Metrics 81

CIO Business Intelligence

APRIL 12, 2024

Large banking firms are quietly testing AI tools under code names such as as Socrates that could one day make the need to hire thousands of college graduates at these firms obsolete, according to the report.

Experimentation 143

Experimentation Reporting Testing Statistics 143

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

SEPTEMBER 23, 2024

From the rise of value-based payment models to the upheaval caused by the pandemic to the transformation of technology used in everything from risk stratification to payment integrity, radical change has been the only constant for health plans. The culprit keeping these aspirations in check? It is still the data.

Management 115

Management Experimentation Data-driven Strategy 115

CIO Business Intelligence

OCTOBER 15, 2024

According to the State of DevOps Report 2023 , only 18% of organizations achieved elite performance by deploying on demand, having a 5% change failure rate, and recovering from any failed deployment in under an hour.

Enterprise 143

Enterprise Testing Business Objectives Experimentation 143

O'Reilly on Data

APRIL 4, 2024

The risk of these deals is, again, that a few centrally chosen winners will quickly emerge, meaning there’s a shorter and less robust period of experimentation. The investors who pile billions of dollars into a huge bet are expecting not just to be paid back, but paid back a hundredfold. This has led to lawsuits and settlements.

Marketing 237

Marketing Finance Modeling Experimentation 237

CIO Business Intelligence

AUGUST 16, 2023

With the right data available and Microsoft’s Power platform, the aim is to proactively issue reports and decision support on an ongoing basis, and provide the power to digitize all parts of the company. 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

JUNE 21, 2024

The AI data center pod will also be used to power MITRE’s federal AI sandbox and testbed experimentation with AI-enabled applications and large language models (LLMs). We took a risk. MITRE CISO Bill Hill, who reports to Youmans, has worked to ensure MITREChatGPT passes muster with the organization’s infosec team.

Experimentation 134

Experimentation Data mining Reporting Data Processing 134

CIO Business Intelligence

SEPTEMBER 12, 2024

Frustrated by the lack of generative AI tools, he discovers a free online tool that analyzes his data and generates the report he needs in a fraction of the usual time. The perils of unsanctioned generative AI The added risks of shadow generative AI are specific and tangible and can threaten organizations’ integrity and security.

Experimentation 111

Experimentation Risk Cost-Benefit Strategy 111

CIO Business Intelligence

OCTOBER 3, 2024

GenAI budget increases were significant, with 12% of respondents reporting an increase of more than 300% compared to the previous year. The complexity and scale of operations in large organizations necessitate robust testing frameworks to mitigate these risks and remain compliant with industry regulations.

Testing 129

Testing Cost-Benefit Experimentation Risk 129

CIO Business Intelligence

MARCH 7, 2023

Tech companies have laid off over 250 thousand employees since 2022, and 93% of CEOs report preparing for a US recession over the next 12 to 18 months. Then, often reporting to risk, compliance, or security organizations, are separate data governance teams focused on data security, privacy, and quality.

Digital Transformation 145

Digital Transformation Data Governance Machine Learning Experimentation 145

CIO Business Intelligence

DECEMBER 19, 2023

The analyst reports tell CIOs that generative AI should occupy the top slot on their digital transformation priorities in the coming year. Moreover, the CEOs and boards that CIOs report to don’t want to be left behind by generative AI, and many employees want to experiment with the latest generative AI capabilities in their workflows.

Digital Transformation 143

Digital Transformation Unstructured Data Machine Learning Risk Management 143

CIO Business Intelligence

NOVEMBER 21, 2023

Ask IT leaders about their challenges with shadow IT, and most will cite the kinds of security, operational, and integration risks that give shadow IT its bad rep. That’s not to downplay the inherent risks of shadow IT.

IT 137

IT Risk Cost-Benefit Data Science 137

CIO Business Intelligence

APRIL 29, 2024

As organizations roll out AI applications and AI-enabled smartphones and devices, IT leaders may need to sell the benefits to employees or risk those investments falling short of business expectations. They need to have a culture of experimentation.” CIOs should be “change agents” who “embrace the art of the possible,” he says.

Forecasting 135

Forecasting Experimentation Risk Machine Learning 135

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? There are more that I haven’t listed, and there will be even more by the time you read this report. What Are the Risks? Anyone serious about building with ChatGPT or other language models needs to think carefully about the risks.

IT 348

IT Modeling Testing Risk 348

CIO Business Intelligence

SEPTEMBER 10, 2024

Studies like Foundry’s 2024 State of the CIO report reveal a dramatic change in attitude. As we navigate this terrain, it’s essential to consider the potential risks and compliance challenges alongside the opportunities for innovation. However, its impact on culture must be carefully considered to maximize benefits and mitigate risks.

IT 122

IT Risk Risk Management Predictive Modeling 122

CIO Business Intelligence

OCTOBER 8, 2024

An IBM report based on the survey, “6 blind spots tech leaders must reveal,” describes the huge expectations that modern IT leaders face: “For technology to deliver enterprise-wide business outcomes, tech leaders must be part mastermind, part maestro,” the report says. Confidence also fell among CFOs. So what’s the deal?

IT 140

IT Strategy Experimentation Technology 140

CIO Business Intelligence

NOVEMBER 15, 2022

Experiment with the “highly visible and highly hyped”: Gartner repeatedly pointed out that organisations that innovate during tough economic times “stay ahead of the pack”, with Mesaglio in particular calling for such experimentation to be public and visible. on average over the next year, somewhat lower than the projected 6.5%

Digital Transformation 143

Digital Transformation Machine Learning Experimentation Metrics 143

CIO Business Intelligence

NOVEMBER 7, 2022

A recent IDC report on AI projects in India [1] reported that 30-49% of AI projects failed for about one-third of organizations, and another study from Deloitte casts 50% of respondents’ organizational performance in AI as starters or underachievers. Are they involved in pilots and providing feedback?

Machine Learning 128

Machine Learning Data Science Experimentation IoT 128

CIO Business Intelligence

AUGUST 2, 2023

The survey found tension between business leaders seeking competitive advantage, and IT leaders wanting to limit risks. Interestingly, non-IT leaders were more likely to report actively using generative AI (73%) than IT leaders (59%), suggesting there’s plenty of experimentation going on beyond the purview of the IT department.

Enterprise 98

Enterprise Experimentation Manufacturing Risk 98

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

The Unofficial Google Data Science Blog

APRIL 23, 2024

To find optimal values of two parameters experimentally, the obvious strategy would be to experiment with and update them in separate, sequential stages. Our experimentation platform supports this kind of grouped-experiments analysis, which allows us to see rough summaries of our designed experiments without much work.

Experimentation 52

Experimentation Optimization Uncertainty Metrics 52

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

Smart Data Collective

FEBRUARY 4, 2020

In a report on the failure rates of drug discovery efforts between 2013 and 2015, Richard K. Without better methodology, difficult-to-treat and ill-understood conditions and diseases are at risk of staying that way. Unfortunately, a substantial number of clinical trials fails in these two Phases.

Experimentation 116

Experimentation Testing Modeling Strategy 116

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

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. Managing Cloud Concentration Risk. What are your business goals, what are you trying to achieve? Yet, the hybrid profile varies from firm to firm.

Slice and Dice 115

Slice and Dice Cost-Benefit Data Governance Risk 115

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

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. While that’s a limitation, there are reports of promised functionality not yet available.

Advertising 124

Advertising Cost-Benefit Experimentation Reporting 124

CIO Business Intelligence

OCTOBER 3, 2024

It’s a natural fit and will be interesting to see how these ensemble AI models work and what use cases will go from experimentation to production,” says Dyer. LLMs can drive significant insights in compliance, regulatory reporting, risk management, and customer service automation in financial services.

Machine Learning 140

Machine Learning Experimentation Insurance Modeling 140

Decision Management Solutions

MARCH 26, 2020

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 at the beginning of your journey is essential to make sure you understand where you are starting.

Experimentation 72

Experimentation Recreation/Entertainment Optimization Testing 72

CIO Business Intelligence

AUGUST 14, 2024

Though eager to get on the Copilot beta, the airline spent 10 weeks analyzing data security using tools like Purview and Sharegate to look at every document and artefact in their Office 365 tenant, documenting what permissions were set on them in a data leakage report before enabling Copilot. Don’t do it straight across the enterprise.

Enterprise 136

Enterprise Cost-Benefit Experimentation Modeling 136

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. Challenges around managing risk.

Metadata 97

Metadata Risk Management Risk Experimentation 97

Cloudera

OCTOBER 4, 2023

In financial services, fast-moving data is critical for real-time risk and threat assessments. This also achieves workload isolation, so we can run mission critical workloads independent from experimental and exploratory ones and nobody steps on anyone’s toes by accident.

Data Warehouse 89

Data Warehouse Experimentation Cost-Benefit Dashboards 89

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