CIO Business Intelligence

JANUARY 25, 2024

The AI hype cycle has peaked: Tens of thousands of companies helped get it there with generative AI in 2023, with two-thirds now reporting they have deployed GAI tools to their workforce. After a year of frenzied experimentation and investment, executives will have to identify truly valid use cases (and ROI) for AI in 2024.

ROI 105

ROI Experimentation Sales Machine Learning 105

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

CIO Business Intelligence

MAY 1, 2024

Ready to roll It’s shorter to make a list of organizations that haven’t announced their gen AI investments, pilots, and plans, but relatively few are talking about the specifics of any productivity gains or ROI. Pilots can offer value beyond just experimentation, of course. What are you measuring?

Cost-Benefit 143

Cost-Benefit Metrics Insurance Measurement 143

Occam's Razor

AUGUST 13, 2012

Bjoern Sjut3: My main issue at the moment: How will multi-channel funnels and ROI calculations work in a multi device world? If your wish in the second part is to track effectiveness of advertising ( how to determine ROI ) then please see this post: Measuring Incrementality: Controlled Experiments to the Rescue! That is the solution.

Modeling 125

Modeling Metrics Data Quality Data-driven 125

CIO Business Intelligence

APRIL 18, 2022

A newly released report from Deloitte supports that, noting that a straightforward, compelling “north star” narrative is critical to success for 38% of executive respondents. They invest in cloud experimentation. A leader also needs to devote time and energy to drive a transformation forward.

Digital Transformation 145

Digital Transformation Dashboards Cost-Benefit Consulting 145

DataKitchen

MARCH 8, 2023

This requires a culture of innovation, experimentation, and willingness to take risks and try new approaches. They will always think : “I can get a box from Amazon the next day, so why can’t our internal reports be ready every day at 9 am?” Another common expectation is that new insights can be delivered very, very rapidly.

Analytics 130

Analytics Manufacturing Data-driven Data Analytics 130

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.

Metadata 97

Metadata Risk Management Risk Experimentation 97

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. Follow FineReport Reporting Software on Facebook to know more about data visualization! By Michael Milton. by Dimitri Maex and Paul B.

Big Data 98

Big Data Statistics Experimentation Data Strategy 98

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 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. Risk management: Manage risk and compliance to business standards, through automated facts and workflow management Identify, manage, monitor and report risks at scale.

Metadata 71

Metadata Risk Experimentation Dashboards 71

DataRobot Blog

NOVEMBER 15, 2022

At the event, a financial services panel discussion shared why iteration and experimentation are critical in an AI-driven data science environment. Ted highlighted four key stakeholder needs: AI Innovators have a strategic lens and are looking at the overall ROI of the AI project while assessing critical elements like trust and risk.

Big Data 52

Big Data Experimentation Machine Learning Data-driven 52

Occam's Razor

FEBRUARY 26, 2008

1: Implement a Experimentation & Testing Program. # 1: Implement a Experimentation & Testing Program. Experimentation and Testing: A Primer. Build A Great Web Experimentation & Testing Program. # We were happy to have our web analytics tool show it all the time in our top referring keyword report.

Management 68

Management Experimentation Testing Metrics 68

IBM Big Data Hub

APRIL 18, 2024

While leaders have some reservations about the benefits of current AI, organizations are actively investing in gen AI deployment, significantly increasing budgets, expanding use cases, and transitioning projects from experimentation to production. Code (62%) : Gen AI helps developers write code more efficiently and with fewer errors.

Cost-Benefit 89

Cost-Benefit Manufacturing Modeling Interactive 89

Smarten

NOVEMBER 3, 2017

Empowers business users with access to meaningful data to test theories and hypotheses without the assistance of data scientists or IT staff. The benefit of auto-suggestion and auto-recommendation is easy to understand.

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. So, if a business users wants to find and analyze data, that user must depend on others to understand the user’s needs, gather the data and create the report. Citizen Data Scientists do not create chaos.

Visualization 40

Visualization Predictive Modeling Business Intelligence Experimentation 40

Occam's Razor

NOVEMBER 2, 2015

The brand and performance ROI to the company is clear and direct. And, through experimentation, what is it that they want on Facebook… Content perfectly targeted at their audience, in the above case to try and provide value to help them do their jobs better. They have a regular presence on Social Networks. YouTube is incredible.

B2B 167

B2B Metrics Recreation/Entertainment Testing 167

CIO Business Intelligence

APRIL 9, 2025

In fact, a study by BARC (Business Application Research Center) found that 58% of respondents reported their companies base at least half of their regular business decisions on gut feel or experience rather than data and information. times more likely to report successful analytics initiatives compared to those with ad hoc approaches.

Enterprise 102

Enterprise Analytics Experimentation Statistics 102

Occam's Razor

AUGUST 22, 2011

Delibrate Your Data, Dig Into Your Data, Reimagine Content Reporting. Customer Lifetime Value ROI, Buzz Monitoring, Click Fraud. The Difference Between Web Reporting And Web Analysis. Refuse Report Requests. Consultants, Analysts: Present Impactful Analysis, Insightful Reports. " Strategic Analysis Articles.

KPI 125

KPI Metrics Measurement ROI 125

Occam's Razor

OCTOBER 19, 2010

If you can show ROI on a DW it would be a good use of your money to go with Omniture Discover, WebTrends Data Mart, Coremetrics Explore. With simple configuration updates in the tools you'll create a custom report showing you Source/Campaign, Visits –> Live Chat % –> Goal Conversion Rate –> Per Visit Goal Value.

Analytics 136

Analytics Testing Measurement Optimization 136

Occam's Razor

MARCH 23, 2010

When it comes to proving which campaigns are better and which numbers to report to the management what will you do? I realize for some HiPPO's old habits die hard, they won't even let you run a report without seeing a case study. You are far too busy actually reporting and analyzing to keep pace with all the wonderful evolution.

Analytics 119

Analytics Consulting Metrics Experimentation 119

Domino Data Lab

FEBRUARY 4, 2019

Spoiler alert: a research field called curiosity-driven learning is emerging at the nexis of experimental cognitive psychology and industry use cases for machine learning, particularly in gaming AI. Given the two points above, that’s okay—there are good ways to direct data exploration toward ROI. Why does this matter?

Data Science 66

Data Science Experimentation Machine Learning Data-driven 66

Corinium

APRIL 25, 2019

It is being aggregated from various transactional systems into data masters or data lakes, being analysed, being distributed to downstream users or even 3rd-parties, reported on, exported to Excel, attached to emails, you name it, data is being shared across silos. In data-driven organizations, data is flowing. And then there is the Cloud.

Insurance 150

Insurance Risk IoT Data-driven 150

Domino Data Lab

MAY 8, 2019

So much work in machine learning – either on the academic side which is focused on publishing papers or the industry side which is focused on ROI – tends to emphasize: How much predictive power (precision, recall) does the model have? Let’s unpack that one: it’s quite important. Does it beat existing benchmarks, i.e., is it SOTA?

Machine Learning 105

Machine Learning Data Science Modeling Visualization 105

Occam's Razor

APRIL 29, 2013

It is expensive from a systems/platforms/data processing/data reporting perspective. Focus on incredible behavior metrics like Pages/Visit, focus on the Visitor Flow report, obsess about Checkout Abandonment Rate, make love to Average Order Size. PS: Bonus : Facebook Advertising / Marketing: Best Metrics, ROI, Business Value.

Marketing 166

Marketing Metrics Advertising Measurement 166

CIO Business Intelligence

FEBRUARY 19, 2025

If 2023 was the year of experimentation with gen AI, 2024 was when companies zeroed in on use cases and started putting pilot projects into production. In a survey of 2,300 IT decision makers that IBM released in December, 47% say theyre already seeing ROI from their AI investments, and 33% say theyre breaking even on AI.

ROI 137

ROI Marketing Sales Software 137

CIO Business Intelligence

JANUARY 15, 2025

According to a September IDC survey , 70% of CIOs reported a 90% failure rate for their custom-built AI app projects, and two-thirds reported a 90% failure rate with vendor-led AI proof-of-concepts. So how do you reconcile the high failure rates of AI projects and reports of business benefit by early adopters? And Rand Corp.

Cost-Benefit 141

Cost-Benefit ROI Reporting Software 141

CIO Business Intelligence

JANUARY 13, 2025

Shift AI experimentation to real-world value Generative AI dominated the headlines in 2024, as organizations launched widespread experiments with the technology to assess its ability to enhance efficiency and deliver new services. Most of all, the following 10 priorities should be at the top of your 2025 to-do list.

Experimentation 140

Experimentation Strategy ROI Digital Transformation 140

CIO Business Intelligence

APRIL 14, 2025

Moreover, theyre reporting that the executive drive for all things AI has them recalibrating their IT project agenda, prioritizing AI spending while bumping other items down or even off the to-do list. Many companies are trying to leapfrog, and theres no way they can leapfrog. So what theyre doing is just putting everything on hold, he says.

IT 127

IT ROI Consulting Experimentation 127

CIO Business Intelligence

FEBRUARY 5, 2025

Half of CFOs say they plan to cut AI funding if it doesnt show measurable ROI within a year, according to a global survey from accounts payable automation firm Basware, which included 400 CFOs and finance leaders. CIOs are under pressure to validate AI investments and assure CFOs of a clear path of implementation that will ensure ROI.

Cost-Benefit 117

Cost-Benefit ROI Metrics Measurement 117

CIO Business Intelligence

APRIL 22, 2025

Success depends on understanding data needs, measuring ROI, fostering organizational AI fluency and partnering with ethically aligned ecosystems. Balancing bold innovation with operational prudence is key , fostering a culture of experimentation while maintaining stability and sustainability.

Technology 106

Technology Uncertainty Experimentation Risk Management 106

CIO Business Intelligence

FEBRUARY 12, 2025

If you really want to get the value of AI and scale experimentation, you have to combine it with your citizen development strategy. As with any other tools with consumption-based pricing, IT teams will also want to know about usage and adoption, and managers will want to look at what that delivers for the business to understand ROI.

Experimentation 111

Experimentation Cost-Benefit Risk Insurance 111

CIO Business Intelligence

DECEMBER 23, 2024

AI investment and pressure grew upward As AI has moved from emerging to mainstream, and organizations matured in their ability to harness AIs potential over the past year or two, CEOs now expect less experimentation and more AI projects that deliver outcomes with measurable business value. Rather, AI is an augmentation tool.

IT 134

IT Strategy Technology Experimentation 134

CIO Business Intelligence

MAY 6, 2025

They assume reporting is the endgame, but in reality, its just the first step. These are your standard reports and dashboard visualizations of historical data showing sales last quarter, NPS trends, operational thoughts or marketing campaign performance. Too often, organizations conflate dashboards with intelligence.

Prescriptive Analytics 78

Prescriptive Analytics Predictive Analytics Descriptive Analytics ROI 78