Smart Data Collective

JUNE 19, 2022

AI is particularly helpful with managing risks. How AI Can Help Suppliers Manage Risks Better. The benefits of AI stem from the need to manage close relationships with business stakeholders, which is a difficult task. Failure or Delay Risk. Brand Reputation Risk. Competitive Advantage Risk.

Risk 133

Risk Cost-Benefit Risk Management Manufacturing 133

Smart Data Collective

FEBRUARY 14, 2023

A growing number of companies are discovering that it offers tremendous benefits, but there are also some downsides to it. What Are the Benefits of Cloud Computing for Businesses? It is becoming increasingly popular among businesses due to its cost-effective nature and scalability.

Risk 98

Risk Cost-Benefit Software Technology 98

Smart Data Collective

JULY 8, 2021

As humanity makes more and more progress with AI there is constant debate underway whether AI will turn on us in the future or they will benefit us. Let’s talk about some benefits and risks of artificial intelligence. Benefits of Artificial Intelligence: Reducing human error. Training and operation cost reduction.

Risk 141

Risk Cost-Benefit Machine Learning Deep Learning 141

Andrew White

JANUARY 29, 2020

It was titled, “ High Speed Seen Increasing Costs of Stock Trading ”. I guess that tells you all you need to know: There are benefits, and risks, to speed and access to information. I read an interesting article in today’s (Jan 28) US print edition of the WSJ. The article explores what is called “latency arbitrage”.

Cost-Benefit 99

Cost-Benefit Marketing Risk IT 99

CIO Business Intelligence

DECEMBER 19, 2023

Their steady income stream and relatively low risk compared to equities make them an especially important component of pension and retirement planning. Each type of issuer presents a different level of risk and tax treatment. Bonds are issued by different entities such as governments, municipalities, and corporations.

Risk 52

Risk Cost-Benefit Unstructured Data Data-driven 52

CIO Business Intelligence

AUGUST 16, 2023

“Waterfall projects may seem easier to understand from an overall point of view, but if it’s about ongoing innovation together with a customer to bring out new effects and benefits, then we need to be iterative even in complex projects,” she says. “At This leads to environmental benefits and fewer transports.

Risk 85

Risk Cost-Benefit Digital Transformation Internet of Things 85

CIO Business Intelligence

DECEMBER 19, 2023

Portland Opportunities Industrial Center and Rosemary Anderson High School (POIC + RAHS) has a long name, but a simple, powerful mission: helping at-risk youth and adults be safe and successful. Cost savings help expand services. The low-cost Verizon plans offered through MiCTA definitely let us save money.

Risk 52

Risk Cost-Benefit Data Processing Technology 52

CIO Business Intelligence

MAY 17, 2022

Even if the AI apocalypse doesn’t come to pass, shortchanging AI ethics poses big risks to society — and to the enterprises that deploy those AI systems. The following real-world implementation issues highlight prominent risks every IT leader must account for in putting together their company’s AI deployment strategy.

Risk 143

Risk Consulting Machine Learning Data Science 143

IBM Big Data Hub

OCTOBER 16, 2023

As more businesses use AI systems and the technology continues to mature and change, improper use could expose a company to significant financial, operational, regulatory and reputational risks. It encompasses risk management and regulatory compliance and guides how AI is managed within an organization.

Risk 78

Risk Modeling Management Metadata 78

DataKitchen

MAY 10, 2024

It highlights how DataKitchen’s Data Observation solutions equip organizations to enhance their development practices, reduce deployment risks, and increase overall productivity. Each addition or modification poses potential risks that could propagate errors into production environments.

Testing 124

Testing Cost-Benefit Data Quality Dashboards 124

DataRobot Blog

MAY 10, 2022

Addressing the Key Mandates of a Modern Model Risk Management Framework (MRM) When Leveraging Machine Learning . The regulatory guidance presented in these documents laid the foundation for evaluating and managing model risk for financial institutions across the United States.

Risk 64

Risk Modeling Machine Learning Data Quality 64

Smart Data Collective

MARCH 27, 2020

Here is the type of data insurance companies use to measure a client’s potential risk and determine rates. Traditional data, like demographics, continues to be a factor in risk assessment. Teens and young adults are less experienced drivers and, therefore, at risk for more car accidents. Demographics. This includes: Age.

Insurance 107

Insurance Measurement Risk Cost-Benefit 107

CIO Business Intelligence

MARCH 6, 2024

Multiple attacks on well-known manufacturers have ended with huge expenses, including Austrian aerospace parts maker, FACC AG, which lost $61 million thanks to a phishing scam , and Norsk-Hydro , which was hit by a ransomware attack that cost $75 million. Attacks against OT systems pose risks beyond financial losses.

ROI 122

ROI Manufacturing Cost-Benefit IoT 122

CIO Business Intelligence

MAY 8, 2024

For Expion Health, a cumbersome manual process to determine what rates to quote to potential new customers had become a cap on the healthcare cost management firm’s ability to grow its business. We take the financial risk for this, which means that if there is anything that’s misrepresented, the money comes from our pocket.”

IT 97

IT Cost-Benefit Insurance Unstructured Data 97

IBM Big Data Hub

APRIL 10, 2024

Value delivery and reduced business cost Decreasing production costs helps drive agility by realigning with new business goals sooner. Beyond traditional cost reduction methods, addressing sustainability has emerged as an essential part of modern cost reduction approaches. trillion in 2022.

Cost-Benefit 99

Cost-Benefit Software Risk Marketing 99

John Wheeler

APRIL 16, 2021

This week, we kicked-off a major research effort to explore current innovations in the rapidly expanding integrated risk management (IRM) market. This represents a great opportunity for organizations to utilize risk management technology (RiskTech) to bridge the gap between these seemingly disconnected transformation efforts.

Risk Management 59

Risk Management Risk Management Internet of Things 59

O'Reilly on Data

APRIL 23, 2024

But this kind of virtuous rising tide rent, which benefits everyone, doesn’t last. Back in 1971, in a talk called “ Designing Organizations for an Information-rich World ,” political scientist Herbert Simon noted that the cost of information is not just money spent to acquire it but the time it takes to consume it. “In

Advertising 270

Advertising Cost-Benefit Marketing Risk 270

CIO Business Intelligence

MARCH 25, 2024

This article explores how CIOs can address each of their CFO’s key concerns when moving away from project-based teams to persistent funding, including the need to better track ROI, reduce risk, and reduce cost. The persistent teams used a benefits delivery roadmap, which outlined the SMART benefits to be delivered throughout the year.

Modeling 120

Modeling Cost-Benefit IT ROI 120

IBM Big Data Hub

AUGUST 1, 2023

Risk-based application patching helps IT pros discover vulnerable apps and automatically patch them based on the criticality of the situation. ” What is risk-based application patching? Modern unified endpoint management (UEM) solutions include laptop management.

Risk 60

Risk Management Machine Learning IoT 60

DataKitchen

MARCH 12, 2024

Key Success Metrics, Benefits, and Results for Data Observability Using DataKitchen Software Lowering Serious Production Errors Key Benefit Errors in production can come from many sources – poor data, problems in the production process, being late, or infrastructure problems. Data errors can cause compliance risks.

Metrics 117

Metrics Software Cost-Benefit Testing 117

CIO Business Intelligence

FEBRUARY 29, 2024

Captive centers are no longer just means of value creation, providing cost savings and driving process standardization. As companies have grown comfortable with offshore and nearshore delivery, the captive model offers the opportunity to tap larger populations of lower-cost talent without handing the reins to a third party.

Cost-Benefit 111

Cost-Benefit Risk Modeling Strategy 111

Smart Data Collective

MARCH 2, 2023

However, there are even more important benefits of using big data during a bad economy. Big Data Can Help Companies Persevere in the Face of the Recession Big data technology can offer enormous benefits for companies. Big data offers many benefits for companies in any economy. Some of these benefits include the following.

Big Data 81

Big Data Uncertainty Risk Data mining 81

CIO Business Intelligence

APRIL 29, 2024

However, to truly take advantage of modern Java, apps built for the ecosystem must be constantly maintained to maximize performance and minimize exposure to risks and security vulnerabilities. Generally, as vulnerabilities are identified in any software or programming languages, patches are issued to plug the hole and mitigate risk.

Cost-Benefit 120

Cost-Benefit Software ROI Enterprise 120

John Wheeler

OCTOBER 21, 2019

Over the past month, I’ve been speaking to various groups to help them prepare for the onslaught of digital risks in their organizations. A common theme is the need for greater risk quantification beyond the realm of traditional, qualitative governance, risk and compliance (GRC) approaches.

Risk 53

Risk Risk Management Digital Transformation Insurance 53

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

CIO Business Intelligence

MAY 9, 2024

Driving business benefits Companies seeking CAIOs are looking to reap myriad benefits from AI adoption, ranging from improved decision-making, to increased efficiency of business processes, higher-quality services, profitability, talent management, customer experience, and innovation.

Risk Management 136

Risk Management Risk Cost-Benefit Technology 136

DataRobot Blog

MAY 26, 2022

To start with, SR 11-7 lays out the criticality of model validation in an effective model risk management practice: Model validation is the set of processes and activities intended to verify that models are performing as expected, in line with their design objectives and business uses.

Risk 52

Risk Modeling Metrics Business Objectives 52

CIO Business Intelligence

NOVEMBER 8, 2023

1 The rapid migration to the public cloud comes with numerous benefits, such as scalability, cost-efficiency, and enhanced collaboration. In fact, a few of the most common challenges include: Risk. 6 On top of that, the average cost of a data breach is over $4.4 8 Complexity. 8 Complexity.

Cost-Benefit 131

Cost-Benefit Risk Digital Transformation Reporting 131

IBM Big Data Hub

AUGUST 16, 2023

Nevertheless, I also understand the criticality of evaluating the inherent risks before embarking on its direct adoption within our organizations. In this discussion, I explore the risks and challenges associated with ChatGPT in an enterprise context, necessitating a careful approach to its implementation.

Risk 59

Risk Modeling Enterprise Interactive 59

CDW Research Hub

MARCH 2, 2021

Yet for all their potential upside, the full benefits aren’t always achieved, often due to technology complexity, risk, cybersecurity, and execution throughout the M&A life cycle. Industry-leading practices related to digital, applications, data, operations, infrastructure, cybersecurity and risk.

Risk 52

Risk Consulting Cost-Benefit Sales 52

CIO Business Intelligence

DECEMBER 14, 2023

AI can help with all of these challenges via manufacturing-specific use cases that benefit manufacturers, their employees, and their customers. Process optimization In manufacturing, process optimization that maximizes quality, efficiency, and cost-savings is an ever-present goal. Here’s how.

Manufacturing 134

Manufacturing Cost-Benefit Unstructured Data Optimization 134

CIO Business Intelligence

NOVEMBER 14, 2023

“Today we face the harsh reality of cloud costs, if not done right,” says Jay Upchurch, executive vice president and CIO at SAS. Without a clear cloud strategy and broad leadership support, even value-adding cloud investments may be at risk. Cloud costs will often — and rapidly — become large line items on budgets.

Strategy 142

Strategy Cost-Benefit IT Key Performance Indicator 142

CIO Business Intelligence

APRIL 11, 2024

Governments cannot put their head in the sand and ignore change, but they operate in a highly complex, data-sensitive environment and can’t afford to take on fundamental business risks in the name of innovation. What are the business benefits of innovation in government? You don’t have to risk resiliency to embrace innovation.

Cost-Benefit 96

Cost-Benefit Predictive Analytics Data-driven Risk 96

Laminar Security

DECEMBER 22, 2023

In the age of cloud computing, data security and cost management are paramount for businesses. Data Security Posture Management (DSPM) serves as a critical tool in this landscape, offering businesses a way to keep their data secure while also managing their cloud storage costs effectively.

Cost-Benefit 95

Cost-Benefit Risk Optimization Risk Management 95

Decision Management Solutions

APRIL 23, 2019

, in which he states there are only three levers of value in insurance: Sell More, Manage Risk Better (aka underwriting and adjusting), and Cost Less to Operate. Let’s dive into greater detail on the second lever – Manage Risk Better. Insurers can also manage risk more effectively through continuous improvement.

Insurance 69

Insurance Risk Technology Management 69

CIO Business Intelligence

OCTOBER 12, 2023

Premium Plus includes access to sustainability insights derived from business processes’ carbon footprints and financial costs (SAP’s “ green ledger ”), new generative AI capabilities accessed through its Joule virtual assistant, improved forecasting, and the ability to create a portal for suppliers to simplify spend management.

Cost-Benefit 123

Cost-Benefit Uncertainty Enterprise Risk 123

IBM Big Data Hub

MAY 8, 2024

The risk of valid identities being used as the entry point by bad actors is expected to continue with the ever-increasing applications and systems being added in today’s hybrid environments. As a result, the interpretation of the varied risk signals is siloed across different events along the digital user journey.

Risk 91

Risk Cost-Benefit Risk Management Management 91