CIO Business Intelligence

NOVEMBER 1, 2024

Paul Beswick, CIO of Marsh McLennan, served as a general strategy consultant for most of his 23 years at the firm but was tapped in 2019 to relaunch the risk, insurance, and consulting services powerhouse’s global digital practice. Gen AI is quite different because the models are pre-trained,” Beswick explains.

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IT Insurance Consulting Risk 122

O'Reilly on Data

SEPTEMBER 15, 2020

In my book, I introduce the Technical Maturity Model: I define technical maturity as a combination of three factors at a given point of time. Technical competence results in reduced risk and uncertainty. Outputs from trained AI models include numbers (continuous or discrete), categories or classes (e.g.,

Advertising 362

Advertising Cost-Benefit ROI Machine Learning 362

CIO Business Intelligence

NOVEMBER 1, 2024

Paul Beswick, CIO of Marsh McLellan, served as a general strategy consultant for most of his 23 years at the firm but was tapped in 2019 to relaunch the risk, insurance, and consulting services powerhouse’s global digital practice. Gen AI is quite different because the models are pre-trained,” Beswick explains.

IT 105

IT Insurance Consulting Risk 105

CIO Business Intelligence

AUGUST 24, 2023

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. We’re still in the pilot phases of evaluating LLMs,” he says.

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Uncertainty Risk Testing Enterprise 98

CIO Business Intelligence

SEPTEMBER 6, 2023

Today’s business climate is rife with economic uncertainty that is causing IT leaders to do more with less while still innovating to support the business. A composable ERP strategy isn’t all butterflies and rainbows, though. Let’s dive in. A composable ERP solution is not limited by its core vendor’s capabilities.

Strategy 105

Strategy Uncertainty Cost-Benefit Optimization 105

Smart Data Collective

MARCH 2, 2023

As a result, they will need to invest in data analytics tools to sustain a competitive edge in the face of growing economic uncertainty. Big data technology can significantly improve the company’s pricing strategy. Therefore, it is a good idea to have predictive analytics models that account for these variables.

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Big Data Uncertainty Risk Data mining 105

CIO Business Intelligence

DECEMBER 18, 2023

By Bryan Kirschner, Vice President, Strategy at DataStax For all the deserved enthusiasm about the potential of generative AI, “ ChatGPT is not your AI strategy ” remains sound advice. That said, it’s still worthwhile to think about how to use large language model (LLM)-powered tools like ChatGPT in more strategic ways.

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Strategy IT Uncertainty Machine Learning 132

CIO Business Intelligence

DECEMBER 1, 2023

Saving money is a top priority for many organizations, particularly during periods of economic uncertainty. Yesterday’s hub-and-spoke networks and castle-and-moat security models were adequate when users, applications, and data all resided onsite in the corporate office or data center.

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CIO Business Intelligence

JULY 10, 2024

So even with leveraging emerging tech, you need to think about your business model congruence.” Dovico just hit the 90-day mark in her CIO role at Beyond Bank, so she’s still in the listening phase while new a new executive team and business strategies are launched and formalized across the broader organization.

Strategy 118

Strategy Cost-Benefit Uncertainty Technology 118

Jedox

APRIL 21, 2020

Swift changes are forcing management to rethink operating models. In the face of unprecedented uncertainty, the question is how to quickly evaluate risk, opportunities and competitively allocate capital. This requires modeling, not casual empiricism. In the face of uncertainty, investor relations are paramount.

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Uncertainty Modeling Management Finance 52

CIO Business Intelligence

MARCH 27, 2023

When he’s not immersed in cybersecurity, hybrid cloud strategy, or app modernization, David Reis, CIO at the University of Miami Health System and the Miller School of Medicine, spends his time working with the board of directors and top leadership to reimagine healthcare and take the lead driving digital transformation.

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Strategy Digital Transformation Insurance Technology 109

CIO Business Intelligence

AUGUST 15, 2024

The next generation of M&A strategy brings emerging digital capabilities to the forefront in support of both opportunities and risk mitigation. M&A strategy: Ask smart questions Deal strategy is the foundation supporting all aspects of M&A. Transparency : CIOs are often required to be the bearer of unfortunate news.

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Uncertainty Risk Strategy Cost-Benefit 111

The Unofficial Google Data Science Blog

DECEMBER 14, 2021

by AMIR NAJMI & MUKUND SUNDARARAJAN Data science is about decision making under uncertainty. Some of that uncertainty is the result of statistical inference, i.e., using a finite sample of observations for estimation. But there are other kinds of uncertainty, at least as important, that are not statistical in nature.

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Uncertainty Statistics Measurement Cost-Benefit 56

CIO Business Intelligence

APRIL 11, 2023

Over the next five years, the healthcare industry is expected to go through dramatic changes as service providers expand value-based care models and equipment manufacturers strive to keep pace in a digital-first world. This means really emphasizing the business partnership and making sure we’re aligning with the business strategy.

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Modeling IT Strategy Uncertainty 98

Cloudera

JUNE 1, 2021

Cloudera will benefit from the operating capabilities, capital support and expertise of Clayton, Dubilier & Rice (CD&R) and KKR – two of the most experienced and successful global investment firms in the world recognized for supporting the growth strategies of the businesses they back. Our strategy.

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Uncertainty Cost-Benefit Risk Strategy 144

CIO Business Intelligence

FEBRUARY 12, 2024

2 Key challenges include a shortage of talent and skills (62%), unclear investment priorities (47%), and the lack of a strategy for responsible AI (42%), BCG found. Such bleak statistics suggest that indecision around how to proceed with genAI is paralyzing organizations and preventing them from developing strategies that will unlock value.

IT 137

IT Consulting Cost-Benefit Uncertainty 137

CIO Business Intelligence

JULY 31, 2023

They note, too, that CIOs — being top technologists within their organizations — will be running point on those concerns as companies establish their gen AI strategies. Here’s a rundown of the top 20 issues shaping gen AI strategies today. How has, say, ChatGPT hit your business model?” This is an issue for CIOs.

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Strategy Risk Enterprise Risk Management 98

CIO Business Intelligence

JANUARY 11, 2024

2023 was a year made notable by a range of unexpected, unpredictable, and fast-moving challenges that, despite seemingly having little to do with technology, had profound impacts on IT strategies. To guide an organization through uncertainty, IT leaders must help ensure everyone in the company is on the same page, Srivastava says.

IT 133

IT Uncertainty Cost-Benefit Strategy 133

CIO Business Intelligence

JULY 23, 2024

That’s because there’s heavy pressure on CIOs and other IT leaders to adopt and successfully deploy AI, creating some incentive for exaggeration, says Kjell Carlsson, head of AI strategy at Domino Data Lab, provider of an enterprise AI platform. “AI You run into the fact that these models just don’t behave like your traditional models.

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Uncertainty Machine Learning Business Intelligence Marketing 131

CIO Business Intelligence

JULY 11, 2023

Bryan Kirschner, Vice President, Strategy at DataStax Ignoring the potential of generative AI to increase productivity is a surefire way to fall behind as an individual, a team, and an organization. The most powerful framework I’ve found for effective strategic thinking is what Roger Martin calls the “strategy choice cascade.”

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Strategy Uncertainty Data-driven Machine Learning 75

Smart Data Collective

OCTOBER 6, 2023

Data analytics technology has helped retail companies optimize their business models in a number of ways. One of the biggest benefits of data analytics is that it helps companies improve stability during times of uncertainty. This might involve hiring additional staff, increasing production, or putting in place contingency strategies.

Management 130

Management Analytics Predictive Analytics Cost-Benefit 130

CIO Business Intelligence

OCTOBER 4, 2022

By Bryan Kirschner, Vice President, Strategy at DataStax. They identified two architectural elements for processing and delivering data: the “data platform,” which covers the sourcing, ingestion, and storage of data sets, and the “machine learning (ML) system,” which trains and productizes predictive models using input data.

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Machine Learning Data Architecture Uncertainty Data-driven 118

CIO Business Intelligence

SEPTEMBER 2, 2022

How extensive is your data-driven strategy today? The approach we use is to develop analytical models based on use cases, with a clear definition of business problems and value. So far, we have deployed roughly 71 models with a clear operating income and impact on the business. Khare: I look at uncertainty at two tiers.

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Uncertainty Manufacturing Data-driven Business Intelligence 98

CIO Business Intelligence

SEPTEMBER 2, 2022

How extensive is your data-driven strategy today? The approach we use is to develop analytical models based on use cases, with a clear definition of business problems and value. So far, we have deployed roughly 71 models with a clear operating income and impact on the business. Khare: I look at uncertainty at two tiers.

Uncertainty 98

Uncertainty Manufacturing Data-driven Business Intelligence 98

Rocket-Powered Data Science

JULY 19, 2023

The ease with which such structured data can be stored, understood, indexed, searched, accessed, and incorporated into business models could explain this high percentage. Observability represents the business strategy behind the monitoring activities.

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Data-driven Enterprise Analytics Machine Learning 188

Smart Data Collective

FEBRUARY 14, 2023

Asset allocation is a strategy that divides your money between different asset classes in your portfolio. How do I use predictive analytics to improve my asset allocation strategy? Before you can create a strategy, you must determine your risk tolerance. Asset allocation is taking this advice and applying it to your investments.

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Predictive Analytics Management Analytics Uncertainty 132

datapine

MAY 31, 2022

More and more CRM, marketing, and finance-related tools use SaaS business intelligence and technology, and even Adobe’s Creative Suite has adopted the model. We discussed already some of these cloud computing challenges when comparing cloud vs on premise BI strategies.

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Risk Cost-Benefit Business Intelligence Data-driven 237

erwin

AUGUST 13, 2020

Here are some of the issues and questions being raised: Growth : How do we define growth strategies (e.g., Customer Engagement : How can we better engage with customers including brand, loyalty, customer acquisition and product strategy? Compliance and Legislation : How do we manage uncertainty around legislative change (e.g.,

Enterprise 143

Enterprise Cost-Benefit Uncertainty ROI 143

CIO Business Intelligence

JANUARY 9, 2023

Three years ago, IT leaders were squarely focused on how to adopt fledgling AI techniques and approaches into their business models in service of digital transformations that included plans for shifting some workloads to the cloud. How do you future-proof your business in the face of so much uncertainty?

IT 145

IT Uncertainty Cost-Benefit Digital Transformation 145

O'Reilly on Data

JULY 20, 2021

When we’re building shared devices with a user model, that model quickly runs into limitations. That model doesn’t fit reality: the identity of a communal device isn’t a single person, but everyone who can interact with it. One strategy is to simplify the software’s functionality and let the humans enforce norms.

Risk 335

Risk Software Interactive Modeling 335

CIO Business Intelligence

AUGUST 1, 2024

Higher compliance costs and revised tax strategies could also result in higher service fees for clients, affecting the cost of IT outsourcing. This is an industry-wide issue, and multiple companies are facing avoidable litigation, uncertainty, and concerns from investors and customers.”

Uncertainty 112

Uncertainty Sales Finance Strategy 112

Jen Stirrup

NOVEMBER 15, 2022

However, organizations can be supported by a synergistic approach by integrating systems thinking with the data strategy and technical perspective. The business teams are getting a value framework, which explains how the organization boils down the strategy into measures of success. Data strategy in a VUCA environment.

Data Science 145

Data Science Digital Transformation Data-driven Measurement 145

CIO Business Intelligence

AUGUST 13, 2024

Ansys, known for its simulation software, helps engineers across various industries, including the semiconductor sector, model and analyze the physical behavior of products. Synopsys, a leading provider of electronic design automation (EDA) tools, announced its intentions to acquire Ansys in January.

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Uncertainty Marketing Software Technology 126

CIO Business Intelligence

OCTOBER 8, 2024

By Bryan Kirschner, Vice President, Strategy at DataStax Data scientists have long struggled with silos and cycle time. About Bryan Kirschner : Bryan is Vice President, Strategy at DataStax. He specializes in removing fear, uncertainty, and doubt from strategic decision-making through empirical data and market sensing.

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Unstructured Data Data Science Uncertainty Sales 117

CIO Business Intelligence

JUNE 25, 2023

By Bryan Kirschner, Vice President, Strategy at DataStax Bill Gates has seen (or, for that matter, caused) some profound advances in technology, so I don’t take a contrarian position lightly, but I think the way he describes his epiphany about the importance of AI is only half right. Learn more about how DataStax enables real-time AI here.

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Finance Uncertainty Strategy Modeling 115

Cloudera

DECEMBER 3, 2021

Systems should be designed with bias, causality and uncertainty in mind. For example, training an interview screening model using education data often contains gender information. As discussed in this article , model design can also be a source of bias too. Model Drift. System Design. Human Judgement & Oversight.

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Uncertainty Measurement Metrics Risk 102

IBM Big Data Hub

DECEMBER 16, 2022

Over the last week, millions of people around the world have interacted with OpenAI’s ChatGPT, which represents a significant advance for generative artificial intelligence (AI) and the foundation models that underpin many of these use cases. How can we ensure that these models are being used responsibly?

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Uncertainty Metadata Modeling Data Collection 112