CIO Business Intelligence

NOVEMBER 27, 2024

Recent research shows that 67% of enterprises are using generative AI to create new content and data based on learned patterns; 50% are using predictive AI, which employs machine learning (ML) algorithms to forecast future events; and 45% are using deep learning, a subset of ML that powers both generative and predictive models.

Data Architecture 128

Data Architecture Cost-Benefit Machine Learning Experimentation 128

CIO Business Intelligence

DECEMBER 19, 2024

This can be great for technically-savvy customers but has the risk of not being sufficiently abstracted from AI costs to hold value over time, he says. Agentic AI, the more focused alternative to general-purpose generative AI, is gaining momentum in the enterprise, with Forrester having named it a top emerging technology for 2025 in June.

Cost-Benefit 128

Cost-Benefit Modeling ROI Marketing 128

CIO Business Intelligence

JANUARY 21, 2025

times compared to 2023 but forecasts lower increases over the next two to five years. CIOs feeling the pressure will likely seek more pragmatic AI applications, platform simplifications, and risk management practices that have short-term benefits while becoming force multipliers to longer-term financial returns.

Cost-Benefit 142

Cost-Benefit Data-driven Strategy Marketing 142

CIO Business Intelligence

JULY 10, 2024

We examine the risks of rapid GenAI implementation and explain how to manage it. These examples underscore the severe risks of data spills, brand damage, and legal issues that arise from the “move fast and break things” mentality. Air Canada was ordered to compensate a customer misled by its chatbot.

Risk 111

Risk Strategy Consulting Cost-Benefit 111

David Menninger's Analyst Perspectives

NOVEMBER 12, 2024

The results can be used to uncover the source of bottlenecks, delays, unseen risks and unnecessary workloads that, in turn, allows organizations to institute improvements. I recently attended Infor’s Velocity Summit , designed to showcase the latest versions of its CloudSuite ERP software. It also offered a chatbot that utilized Amazon Lex.

Finance 130

Finance Prescriptive Analytics Cost-Benefit Manufacturing 130

datapine

OCTOBER 21, 2020

If you put on too many workers, you run the risk of having unnecessary labor costs add up. Health professionals, just like business entrepreneurs, are capable of collecting massive amounts of data and look for the best strategies to use these numbers. What are the obstacles to its adoption? with the impossibility to communicate properly.

Big Data 364

Big Data Data Analytics Analytics Cost-Benefit 364

O'Reilly on Data

MAY 27, 2020

Algorithms tell stories about who people are. The first story an algorithm told about me was that my life was in danger. It was 7:53 pm on a clear Monday evening in September of 1981, at the Columbia Hospital for Women in Washington DC. I was exactly one minute old. You get two points for waving your arms and legs, for instance.)

Risk 361

Risk Testing Reporting Measurement 361

David Menninger's Analyst Perspectives

OCTOBER 15, 2024

Waiting too long to start means risking having to play catch-up. AI-enabling on-premises software is preferable where there is some combination of incurring less disruption to operations, faster time to value, lower risk of failure and lower total cost of ownership relative to migrating to the cloud.

Cost-Benefit 204

Cost-Benefit Risk Forecasting Software 204

CIO Business Intelligence

JANUARY 24, 2024

Our analytics capabilities identify potentially unsafe conditions so we can manage projects more safely and mitigate risks.” Gilbane is one of the largest privately-held real estate development and construction companies in the US. The first three are operational value streams, where our customer is the recipient of the value,” she says.

Risk Management 118

Risk Management Risk Management Digital Transformation 118

CIO Business Intelligence

JANUARY 21, 2025

Despite these setbacks and increased costs, Wei expressed optimism during the companys recent earnings call, assuring that the Arizona plant would meet the same quality standards as its facilities in Taiwan and forecasting a smooth production ramp-up. Speaking at a university event in Taiwan, TSMC CEO and Chairman C.C.

Manufacturing 116

Manufacturing Cost-Benefit Recreation/Entertainment Technology 116

CIO Business Intelligence

JULY 18, 2022

Organizations that do not invest in the short term will likely fall behind in the medium term and risk not being around in the long term,” warned Lovelock in a statement. We forecast this trend is going to continue over the next couple of years.”. trillion, according to projections released by Gartner Research.

IT 144

IT Uncertainty Data-driven Sales 144

CIO Business Intelligence

JULY 2, 2024

This approach to better information can benefit IT team KPIs in most areas, ranging from e-commerce store errors to security risks to connectivity outages,” he says. This approach to better information can benefit IT team KPIs in most areas, ranging from e-commerce store errors to security risks to connectivity outages,” he says.

IT 143

IT Machine Learning Cost-Benefit Data-driven 143

CIO Business Intelligence

JANUARY 9, 2025

According to Retail Doctor Groups latest research , Australian retailers demonstrate a sophisticated understanding of AI applications, particularly in personalisation, demand forecasting, and supply chain optimisation. Without data that is accurate, comprehensive, and adaptable to every customers intent, businesses risk being left behind.

B2B 105

B2B Cost-Benefit Data-driven Sales 105

CIO Business Intelligence

MAY 6, 2024

Here is a closer look at recent and forecasted developments in the cloud market that CIOs should be aware of. While these Workload Commitments do not always garner the highest tier of credits/incentives, it provides customers with a simpler consumption approach that avoids much of the risk of underutilization.

Marketing 131

Marketing Strategy IT Data Processing 131

CIO Business Intelligence

DECEMBER 10, 2024

To drive gen-AI top-line revenue impacts, CIOs should review their data governance priorities and consider proactive data governance and dataops practices that go beyond risk management objectives. Compounding these data segments results in smarter recommendations with lead scoring, sales forecasting, churn prediction, and better analytics.

Sales 143

Sales Metrics Data-driven Measurement 143

CIO Business Intelligence

JANUARY 19, 2024

More than 120 ‘flavors’ to handle When your company is dealing with today’s volatile market, a variety of products, and a supply chain covering 120+ countries – each with its own rules and processes – demand planning, including forecasting, can get a bit gut-wrenching. Such was the case with Danone.

Forecasting 122

Forecasting IT Digital Transformation Machine Learning 122

Corinium

JUNE 6, 2019

Regulations and compliance requirements, especially around pricing, risk selection, etc., How can advanced analytics be used to improve the accuracy of forecasting? The use of newer techniques, especially Machine Learning and Deep Learning, including RNNs and LSTMs, have high applicability in time series forecasting.

Insurance 250

Insurance Analytics Forecasting Deep Learning 250

David Menninger's Analyst Perspectives

OCTOBER 30, 2024

Predictive analytics also can be used to signal when forecasts or forecast components diverge from plan, allowing enterprises to react to changing circumstances sooner and with greater accuracy and coordination. This helps them maintain optimal inventory levels, reducing costs as well as the risk of overstocking or stockouts.

Management 130

Management IT Sales Manufacturing 130

CIO Business Intelligence

MARCH 19, 2025

If sustainability-related data projects fail to demonstrate a clear financial impact, they risk being deprioritized in favor of more immediate business concerns. Without robust data infrastructure, sustainability reporting can become fragmented, leading to inefficiencies and compliance risks.

IT 59

IT Data Governance Data-driven Metrics 59

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. Following are seven steps to guide this transformation for competitive advantage.

IT 137

IT Risk Cost-Benefit Data Science 137

Cloudera

JUNE 29, 2023

To ensure the stability of the US financial system, the implementation of advanced liquidity risk models and stress testing using (MI/AI) could potentially serve as a protective measure. To improve the way they model and manage risk, institutions must modernize their data management and data governance practices.

Data Architecture 85

Data Architecture Risk Management Risk Management 85

CIO Business Intelligence

MAY 14, 2024

IDC forecasts that global spending on private, dedicated cloud services — which includes hosted private cloud and dedicated cloud infrastructure as a service — will hit $20.4 Controlling escalating cloud and AI costs and preventing data leakage are the top reasons why enterprises are eying hybrid infrastructure as their target AI solution.

IT 143

IT Data Processing Enterprise Modeling 143

O'Reilly on Data

JULY 28, 2020

If you’re an AI product manager (or about to become one), that’s what you’re signing up for. Identifying the problem. The first step in building an AI solution is identifying the problem you want to solve, which includes defining the metrics that will demonstrate whether you’ve succeeded. Is it a problem that should be solved?

Marketing 364

Marketing Experimentation Metrics Testing 364

datapine

MAY 2, 2023

Table of Contents 1) Benefits Of Big Data In Logistics 2) 10 Big Data In Logistics Use Cases Big data is revolutionizing many fields of business, and logistics analytics is no exception. The complex and ever-evolving nature of logistics makes it an essential use case for big data applications. Did you know?

Big Data 275

Big Data Internet of Things Cost-Benefit Optimization 275

O'Reilly on Data

FEBRUARY 11, 2019

Recent improvements in tools and technologies has meant that techniques like deep learning are now being used to solve common problems, including forecasting, text mining and language understanding, and personalization. Forecasting Financial Time Series with Deep Learning on Azure”. Manage the Risks of ML - In Practice”.

Big Data 271

Big Data Technology Machine Learning Deep Learning 271

David Menninger's Analyst Perspectives

DECEMBER 31, 2024

Automated processes also contribute to a more predictable operational environment that facilitates better planning and forecasting. Developing a phased migration strategy can mitigate risks and smooth the transition from legacy systems to modern automation solutions.

Cost-Benefit 130

Cost-Benefit Data-driven Enterprise Business Objectives 130

O'Reilly on Data

JANUARY 22, 2019

Errors in analysis and forecasting may arise from any of the following modeling issues: using an inappropriate functional form, inputting inaccurate parameters, or failing to adapt to structural changes in the market. Image by Mike Shwe and Deepak Kanungo. Used with permission. All financial models are wrong.

Modeling 204

Modeling Finance Uncertainty Data mining 204

CIO Business Intelligence

SEPTEMBER 26, 2024

RFID-enabled visibility can also mitigate counterfeiting and gray market diversion risks, he adds, while streamlining recalls and sharpening compliance with regulatory requirements. Retail manufacturers and suppliers that have mandated RFID source tagging are seeing gains in demand forecasting and reductions in costly compliance chargebacks.

IT 131

IT Manufacturing IoT Cost-Benefit 131

CIO Business Intelligence

JULY 1, 2024

Shane McDaniel was nearly a year into a modernization effort when he and his IT team for the City of Seguin, Texas, cut over from the city’s legacy network to the upgraded version. On hand for much of the work that Saturday in June 2019 was the rep from Extreme Networks, a Morrisville, N.C.-headquartered It’s not just a transactional relationship.

IT 128

IT Consulting Scorecard Sales 128

O'Reilly on Data

NOVEMBER 28, 2023

Unexpected outcomes, security, safety, fairness and bias, and privacy are the biggest risks for which adopters are testing. We’re not encouraging skepticism or fear, but companies should start AI products with a clear understanding of the risks, especially those risks that are specific to AI. What’s Holding AI Back?

Enterprise 339

Enterprise Testing Modeling Reporting 339

CIO Business Intelligence

FEBRUARY 13, 2023

Upgrading cloud infrastructure is critical for deploying broad AI initiatives more quickly, so that’s a key area where investments are being made this year. Fifty-two percent of organizations plan to increase or maintain their IT spending this year, according to Enterprise Strategy Group.

IT 145

IT Insurance Machine Learning Marketing 145

CIO Business Intelligence

SEPTEMBER 26, 2023

But even as we remember 2023 as the year when generative AI went ballistic, AI and its ML (machine learning) sidekick have been quietly evolving over several years to yield eye-opening insights and problem-solving productivity for IT organizations. It’s called AIOps, Artificial Intelligence for IT Operations: next-generation IT management software.

IT 138

IT Key Performance Indicator Software Metadata 138

CIO Business Intelligence

APRIL 29, 2024

CIOs must redirect resources when technologies as revolutionary as generative AI come to market or risk falling behind or becoming obsolete — in which case, hitting other strategic goals won’t matter much. To Carm Taglienti, the explosion of all things AI over the past few years has been both a pro and a con to IT teams.

IT 128

IT Consulting Technology Strategy 128

Smart Data Collective

JULY 28, 2022

The evidence demonstrating the effectiveness of predictive analytics for forecasting prices of these securities has been relatively mixed. Many experts are using predictive analytics technology to forecast the future value of bitcoin. The good news is that predictive analytics technology can reduce risk exposure for these investors.

Predictive Analytics 145

Predictive Analytics Analytics Forecasting Machine Learning 145

CIO Business Intelligence

MARCH 21, 2022

Among the relationships that technology teams have with other business departments, the potential for improved IT-finance collaboration is quite possibly the most under-explored. It’s especially poignant when we consider the extent to which financial data can steer business strategy for the better. Failure to act on real-time data.

Data-driven 116

Data-driven IT Finance Forecasting 116

CIO Business Intelligence

MAY 8, 2024

We take the financial risk for this, which means that if there is anything that’s misrepresented, the money comes from our pocket.” The IT team plans to further enhance the application using the XGBoost machine learning software library for forecasting medication use in covered populations. Nobody has a clean, organized way to do it.”

IT 111

IT Insurance Cost-Benefit Unstructured Data 111

CIO Business Intelligence

MARCH 14, 2024

MBA programs can also help leaders hone their communication and negotiation skills while also improving their understanding of organizational behavior, strategic planning, and risk management through exposure to experienced peers and varied coursework,” Bhargava explains. Does it make sense for an IT leader to seek an MBA?

IT 126

IT Strategy Digital Transformation Risk Management 126