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What is Monte Carlo Simulation in Excel?

Analytics Vidhya

Inspired by the chance and excitement of the Monte Carlo Casino in Monaco, this powerful statistical method transforms the uncertainty of life into a tool for making informed decisions. Welcome to the world of Monte Carlo simulation! Running countless […] The post What is Monte Carlo Simulation in Excel?

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Information Governance in an Era of Uncertainty

TDAN

Organizations are compelled to organize their information. With that said, organizations can operate in an organized and holistic manner with the application of information governance. In this article, we elaborate on the benefit, effective operations, and value of information governance in your organization.

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Getting the timing right at Setterwalls to invest in AI support

CIO Business Intelligence

Of course, security was a priority before implementation, considering the amount of critical information handled on a daily basis. But Setterwalls already had very clear internal security guidelines, how information can be processed, and how document handling should take place. A third area is information analysis.

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The Importance of Agility in FP&A To Manage Uncertainty

Jedox

Times of crisis mean uncertainty, both personally and professionally. Anyone who makes “gut instinct” decisions in a hurry isn’t making decisions that are well-informed and carefully considered. This blog post is the first in a two part series on the importance of agility to manage uncertainty. Business Continuity.

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Business Strategies for Deploying Disruptive Tech: Generative AI and ChatGPT

Rocket-Powered Data Science

Those F’s are: Fragility, Friction, and FUD (Fear, Uncertainty, Doubt). Most of these rules focus on the data, since data is ultimately the fuel, the input, the objective evidence, and the source of informative signals that are fed into all data science, analytics, machine learning, and AI models.

Strategy 290
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Regulatory uncertainty overshadows gen AI despite pace of adoption

CIO Business Intelligence

It’s no surprise, then, that according to a June KPMG survey, uncertainty about the regulatory environment was the top barrier to implementing gen AI. So here are some of the strategies organizations are using to deploy gen AI in the face of regulatory uncertainty. I have enough fears about the fact we’re storing medical information.

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Escaping POC Purgatory: Evaluation-Driven Development for AI Systems

O'Reilly on Data

Recently, we helped an EdTech startup build an information-retrieval app. Any scenario in which a student is looking for information that the corpus of documents can answer. The key shift in this SDLC is that evaluation isnt a final step, its an ongoing process that informs every design decision. How will you measure success?

Testing 174