Smart Data Collective

MARCH 28, 2021

In 2021, cloud computing infrastructure will dominate the IT space and take over business cloud services. Although there are many benefits of moving to the cloud , this decision is not without its risks. For instance, Azure Digital Twins allows companies to create digital models of environments.

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Cloudera

FEBRUARY 18, 2021

2021 looks likely to be defined by a new phase: Thriving on digital transformation, rather than just surviving through it. . We’ve written about the changes forced on the traditionally risk-averse insurance industry by COVID-19. I’m sure you’ve already ready a number of trends and forecasts for 2021.

Insurance 105

Insurance Digital Transformation Data-driven Risk 105

John Wheeler

NOVEMBER 24, 2020

However, for security and risk management professionals it can make a huge difference. Take for example the terms cyber risk, digital risk and the digitalization of risk management. Viewed together, the three terms represent key aspects of integrated risk management (IRM). For Shakespeare’s Juliet, not much.

Risk Management 85

Risk Management Risk Management Technology 85

DataRobot

OCTOBER 22, 2021

Their increased usage has also led to new challenges related to compliance, misuse, and fraud risk. Thomas Reuters 2021 Government Fraud, Waste, and Abuse Study found that 93 percent of government officials believed fraud, waste, and abuse rates will be maintained or increase in 2021. WHITE PAPER. Download Now.

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O'Reilly on Data

MARCH 23, 2023

What is it, how does it work, what can it do, and what are the risks of using it? It’s important to understand that ChatGPT is not actually a language model. It’s a convenient user interface built around one specific language model, GPT-3.5, The GPT-series LLMs are also called “foundation models.” GPT-2, 3, 3.5,

IT 346

IT Modeling Testing Risk 346

Jet Global

NOVEMBER 19, 2020

This article is part of our multi-part series about the challenges that CFOs face going into 2021. 2020 brought with it a series of events that have increased volatility and risk for most businesses. Let’s look at some of the key risk categories that are often encountered by growing businesses. Credit Risk.

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CIO Business Intelligence

OCTOBER 10, 2022

This model encourages leaders to demonstrate authentic, strong leadership with the idea that employees will be inspired to follow suit. For a deeper look at the transformational leadership model, see “ How to apply transformational leadership at your company.”. Transformational leadership model.

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CIO Business Intelligence

JULY 5, 2023

Addressing semiconductor supply chain risks Even before the most recent supply chain challenges, political leaders around the world have been taking a close look at the current semiconductor supply chain model. Some of that risk is being addressed at national and regional levels, such as the U.S. CHIPS Act and the EU Chips Act.

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Risk Manufacturing Cost-Benefit Data Processing 96

CIO Business Intelligence

DECEMBER 15, 2022

To illustrate, from 2011 to 2021, IVL collected over 72 billion post-consumer PET bottles for recycling, which prevented 1.6 And IVL is experimenting with recyclable plastics as part of a circular economy model. million tons of plastic waste from going to landfill and reduced 2.4

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Risk Digital Transformation Software ROI 98

Cloudera

FEBRUARY 25, 2021

In the face of these dueling realities and the broader challenges with global racism , we’re faced with an opportunity to accept the call to action; to become the light, an active advocate for change, for others to model. . The post Black History Month 2021: Be the light appeared first on Cloudera Blog. Accepting the call .

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Cloudera

FEBRUARY 4, 2021

Financial services institutions need the ability to analyze and act on massive volumes of data from diverse sources in order to monitor, model, and manage risk across the enterprise. They need a comprehensive data and analytics platform to model risk exposures on-demand. Cloudera is that platform.

Risk 88

Risk Marketing Technology Management 88

Rocket-Powered Data Science

JUNE 17, 2022

For example, I wrote this in 2021: “Observability emerged as one of the hottest and (for me) most exciting developments of the year. Synthetic monitoring is essentially digital twinning of your network and IT environment, providing insights through simulated risks, attacks, and anomalies via predictive and prescriptive modeling.

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CIO Business Intelligence

JUNE 8, 2023

percent since 2021, according to Dice. Key skills for the role include resource allocation, risk and change management, quality assurance, communication, and leadership and team building. Average salary: US$120,653 Increase since 2021: 15.6% Average salary: US$136,017 Increase since 2021: 14.1%

IT 140

IT Digital Transformation Software Risk 140

Cloudera

MAY 12, 2021

And it is with this in mind, that we’re delighted to announce that the 2021 Cloudera Data Impact Awards is now open for entries. The 2021 Cloudera Data Impact Award categories aim to recognize organizations that are using Cloudera’s platform and services to unlock the power of data, with massive business and social impact.

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Cloudera

NOVEMBER 18, 2021

Given the way we have seen communities and workplace cultures come together and stand for change over what has been a disruptive 20 months, we are proud to introduce the People First category to the 2021 DIA. So, without further ado, it is with great delight that we officially publish the 2021 Data Impact Award winners! Data for Good.

Data Lake 77

Data Lake Cost-Benefit Digital Transformation Risk 77

Jet Global

NOVEMBER 16, 2020

It helps them to react to small and large market fluctuations in the most cost-effective and strategic manner, modelling ”what-if” situations according to both known and unknown information. The problem is that you will end up with so many different spreadsheets that you lose sight of what you’re trying to model.”.

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Smart Data Collective

MAY 22, 2022

With AI, the risk score for a device doesn’t depend on individual indicators. Here are a few ways that AI will supercharge your ransomware defense in 2021. Predicting If a Device Is at Risk. Therefore, the risk score is always being adjusted accordingly. It all depends on the risk score.

Data-driven 145

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CIO Business Intelligence

APRIL 15, 2022

Derek Driggs, a machine learning researcher at the University of Cambridge, together with his colleagues, published a paper in Nature Machine Intelligence that explored the use of deep learning models for diagnosing the virus. The algorithm learned to identify children, not high-risk patients.

Analytics 145

Analytics Machine Learning Insurance Testing 145

CIO Business Intelligence

APRIL 27, 2023

increase from 2021. Average salary: US$164,814 Increase since 2021: 8.4% Average salary : US$155,934 Increase from 2021 : n/a 3. Average salary : US$153,354 Increase from 2021 : n/a 4. Average salary: US$151,364 Increase from 2021 : 2.3% Average salary: US$145,512 Increase from 2021: 7.7%

IT 116

IT Software Risk Management 116

John Wheeler

MARCH 5, 2021

Now that we are recovering from the COVID-19 pandemic crisis, our clients are now looking forward to deploy new ways of managing risk. They can no longer look to the past as an exclusive indicator of what risks may lie ahead. Simply put, business leaders need a better way to manage risks.

Risk Management 105

Risk Management Risk Technology Management 105

CIO Business Intelligence

DECEMBER 11, 2023

“This regulation aims to ensure that fundamental rights, democracy, the rule of law and environmental sustainability are protected from high risk AI, while boosting innovation and making Europe a leader in the field,” said the press release issued by European Parliament. EU was the first region to start working on legislation on AI in 2021.

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O'Reilly on Data

JUNE 13, 2023

OpenAI recently opened their long-awaited Plugins feature to users of ChatGPT Plus (the paid version) using the GPT-4 model. I haven’t published any academic papers, though I have published a lot on O’Reilly Radar–material that any web search can find, without the need for AI or the risk of hallucination. I had to try this!

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Smart Data Collective

MAY 10, 2022

For example, banks now apply AI to assess credit risks with high accuracy. They include; Credit risk assessment. Credit risk assessment entails estimating the probability of a prospective borrower failing to repay a loan. billion to bank fraud in 2021 , up 70% from 2020. AI in fintech is here to stay. Customer Support.

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Smart Data Collective

MARCH 10, 2022

The biggest benefits relate to using big data to understand voters and create models of voting patterns in various districts. As the title suggests, it is geared towards using data analytics to anticipate the risk of a borrower defaulting on their student loans. In 2021, There Were 44.7 Amounting to $1.58

Data Analytics 128

Data Analytics Analytics Big Data Cost-Benefit 128

CIO Business Intelligence

JULY 18, 2022

The 3% increase in total IT spending represents slower growth than in 2021, as the economy as a whole and the IT sector in particular began to recover from the effects of the pandemic, and growth will largely be driven by cloud services and the data center, Gartner said. trillion, according to projections released by Gartner Research.

IT 144

IT Uncertainty Data-driven Sales 144

Smart Data Collective

DECEMBER 5, 2021

There were nearly 1,300 data breaches between January 1, 2021 and September 30, 2021. He concluded that traditional security models were operating on an outdated assumption. Further, the user identity is assumed not to be compromised in a traditional model. Under Zero Trust models, identity forms the perimeter.

Internet of Things 138

Internet of Things Risk Big Data IoT 138

CIO Business Intelligence

OCTOBER 18, 2023

The procedure, often called kidney dialysis, cleansing a patient’s blood, substituting for the function of the kidneys, and is not without risk, however. Fresenius’s machine learning model uses electronic health records comprising intradialytic blood pressure measurements and multiple treatment- and patient-level variables.

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CIO Business Intelligence

APRIL 5, 2024

Senate Bill 1047 , introduced in the California State Legislature in February, would require safety testing of AI products before they’re released, and would require AI developers to prevent others from creating derivative models of their products that are used to cause critical harms.

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Risk Insurance Interactive Strategy 132

CIO Business Intelligence

SEPTEMBER 20, 2023

In 2021, the company was defining its new strategic cycle, and as the business area was setting these new objectives, I did the same in the technology domain to accompany the business. This change in platform also entails a data governance model and operational changes. The third pillar of our strategy is data.

Modeling 98

Modeling Insurance IT Cost-Benefit 98

CIO Business Intelligence

OCTOBER 11, 2023

To overcome these challenges, energy companies are increasingly turning to artificial intelligence (AI), particularly generative AI large language models (LLM). ResearchandMarkets 1 estimates that the energy and power market spent 3.103 billion USD on AI in 2021. Today, over 70% of the U.S. How can AI and generative AI help?

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CIO Business Intelligence

AUGUST 20, 2024

Over time, many organizations found themselves grappling with issues concerning costs, security, and governance that had them rethinking the underlying model. Organizations today risk falling into a similar scenario known as Shadow AI , where teams turn to public clouds or API service providers in their rush to build or adopt AI solutions.

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erwin

NOVEMBER 13, 2020

Data Security & Risk Management. Enterprise architecture has been critical to helping businesses navigate the pandemic to ensure business continuity, reimagine their business and operating models, and identify the tools to survive and ultimately thrive in a post-COVID world. Digital Transformation. Compliance/Legislation.

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CIO Business Intelligence

NOVEMBER 7, 2022

A developing playbook of best practices for data science teams covers the development process and technologies for building and testing machine learning models. CIOs and CDOs should lead ModelOps and oversee the lifecycle Leaders can review and address issues if the data science teams struggle to develop models.

Machine Learning 128

Machine Learning Data Science Experimentation IoT 128

CIO Business Intelligence

APRIL 30, 2024

AI legislation has been years in the making, with the EU first proposing the legislation in April 2021. Between the astronomical fines, sweeping scope, and unclear definitions, every organization operating in the EU now runs a potentially lethal risk in their AI-, ML-, and analytics-driven activities.”

IT 115

IT Risk Data-driven Modeling 115

Cloudera

AUGUST 12, 2021

In a 2021 white paper titled “Data Excellence: Transforming manufacturing and supply systems“ written by the World Economic Forum and the Boston Consulting Group, it documented that 75% of executives interviewed believed that advanced analytics in manufacturing was more important today than three years ago. Risk Management. Conclusion.

Data-driven 111

Data-driven Manufacturing Insurance Risk Management 111

CIO Business Intelligence

OCTOBER 17, 2023

No longer a nebulous, aspirational term equated with the concept “never trust, already verify,” zero trust has evolved into a solid technology framework that enables proactive defense and digital transformation as organizations embrace the cloud and hybrid work models. Today, they’ve realized this approach is inefficient and expensive.

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Digital Transformation B2B IoT Cost-Benefit 143

DataRobot Blog

SEPTEMBER 1, 2022

For example, a recent IDC study 1 shows that it takes about 290 days on average to deploy a model into production from start to finish. Once you move your model into production, you need to monitor and manage your models to ensure that you can trust predictions and turn them into the right business decisions.

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