Smart Data Collective

MAY 23, 2021

AI (Artificial Intelligence) and ML (Machine Learning) will bring improvement in Fintech in 2021 as the accuracy and personalization of payment, lending, and insurance services while also assisting in the discovery of new client pools. Client Risk Profile Categorization.

Insurance 137

Insurance Machine Learning Cost-Benefit Data-driven 137

Smart Data Collective

OCTOBER 22, 2020

Businesses in 2021 need to take a more data-driven approach than ever before. These policies help keep sensitive data related to the business and any clients private and secure to help reduce the risk of information getting into the wrong hands. However, big data has also created some concerns for many businesses.

Big Data 134

Big Data Data-driven Reporting Finance 134

Smart Data Collective

DECEMBER 17, 2021

However, how we connect online can be both highly beneficial (such as fast 5G speeds) and expose us to risks that we were unaware of in the first place. In that case, it is believed that over 60% of the world’s population is online and that 74 zettabytes of data will be over the internet by the end of 2021. million in online sales.

Risk 124

Risk Statistics Sales Reporting 124

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. 2021 is an extension of the uncertain times of 2020. They may also face budgetary issues that would disrupt their operations.

Cost-Benefit 139

Cost-Benefit IoT Internet of Things Data-driven 139

Cloudera

JULY 12, 2021

The 2021 Data Impact Award (DIA) submissions are starting to stream in, and we know many of you are contemplating your entries – which we are excited to see. The post DIA Entries 2021: Judges’ Insight appeared first on Cloudera Blog. Using data as a force for good.

Data-driven 111

Data-driven Consulting Big Data Data Science 111

DataRobot Blog

APRIL 29, 2022

This provides a great amount of benefit, but it also exposes institutions to greater risk and consequent exposure to operational losses. The stakes in managing model risk are at an all-time high, but luckily automated machine learning provides an effective way to reduce these risks. What is a model?

Risk 111

Risk Modeling IT Risk Management 111

O'Reilly on Data

MARCH 18, 2020

Whether it’s controlling for common risk factors—bias in model development, missing or poorly conditioned data, the tendency of models to degrade in production—or instantiating formal processes to promote data governance, adopters will have their work cut out for them as they work to establish reliable AI production lines. It ranks high (No.

Enterprise 347

Enterprise Deep Learning Data Governance Risk 347

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 About four years ago, IVL expanded the use of risk acceptance at its PNO facility in Texas to establish next-inspection plans. million tons of plastic waste from going to landfill and reduced 2.4

Risk 98

Risk Digital Transformation Software ROI 98

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.

Risk 96

Risk Manufacturing Cost-Benefit Data Processing 96

CIO Business Intelligence

OCTOBER 13, 2022

Knowing your risk level as you navigate a large venue can help you avoid crowds and stay safely within your bubble – all of which empowers you to enjoy the experience all the more. Live at Eurovision: a Bluetooth App to Navigate Covid Risk. Flockey made its first debut at the Eurovision Song Contest at the Rotterdam Ahoy in May 2021.

Risk 98

Risk Broadcasting Recreation/Entertainment Dashboards 98

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

IBM Big Data Hub

OCTOBER 23, 2023

A robust risk management strategy that takes full advantage of an enterprise’s hybrid multicloud environment and on-premises infrastructure can neutralize those vulnerabilities and deliver business resilience while unlocking innovation. The post 3 keys to building a robust hybrid cloud risk strategy appeared first on IBM Blog.

Risk 84

Risk Strategy Risk Management Digital Transformation 84

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.

Machine Learning 238

Machine Learning Recreation/Entertainment Risk Business Objectives 238

Smart Data Collective

SEPTEMBER 30, 2021

Here are 4 ways SMBs can strengthen data security in 2021-. This is an old bug plaguing SMBs even in 2021. In both cases, keeping the systems updated and backing up sensitive data can help you mitigate the risks. . If you’re looking to bolster data security in 2021 and beyond, get in touch with us today.

Measurement 138

Measurement Risk Software Reporting 138

CIO Business Intelligence

MAY 26, 2023

Of those surveyed, only 9% of respondents said they felt certifications weren’t necessary for their role, down from 12% in 2021. Similarly, 12% of respondents said they were currently working toward earning a certification, up from 9% in 2021. According to the data from Dice, that is a 1% increase from 2021.

IT 124

IT Reporting Risk Consulting 124

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

Data-driven Risk Experimentation Technology 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

CIO Business Intelligence

APRIL 7, 2023

between 2021 and 2022, reaching an average tech salary of $111,348 per year, according to the 2023 Dice Tech Salary Report. It’s also the fifth-largest data center market in the nation, with a “low natural disaster risk, inexpensive power, and a competitive colocation and cloud market.” increase from 2021, according to Dice.

IT 134

IT Digital Transformation Testing Marketing 134

Smart Data Collective

MARCH 10, 2022

As the title suggests, it is geared towards using data analytics to anticipate the risk of a borrower defaulting on their student loans. The goal is for financial institutions to use big data to identify high risk borrowers and avoid giving loans that they will default on. In 2021, There Were 44.7 Amounting to $1.58

Data Analytics 128

Data Analytics Analytics Big Data Cost-Benefit 128

CIO Business Intelligence

SEPTEMBER 13, 2022

Cyber risk is increasingly a top executive priority, due in large part to the rising number of unplanned outages, driven by the increasingly sophisticated cyberattacks and widening skills gap. What’s the answer to coping with the dynamic nature of risks? And the problem can’t be ignored. Find more about it here. [1] Cloud Management

Digital Transformation 97

Digital Transformation Risk Risk Management Publishing 97

CIO Business Intelligence

APRIL 15, 2022

The patients who were lying down were much more likely to be seriously ill, so the algorithm learned to identify COVID risk based on the position of the person in the scan. The algorithm learned to identify children, not high-risk patients. The study’s researchers suggested that a few factors may have contributed.

Analytics 145

Analytics Machine Learning Insurance Testing 145

Smart Data Collective

JULY 13, 2022

The decision, which was announced on June 9th, 2021, makes El Salvador the first sovereign nation to recognize cryptocurrency as legal tender. El Salvador’s move to adopt Bitcoin is a bold one, but it is not without its risks. Despite these risks, Bukele is confident that adopting Bitcoin will help El Salvador’s economy grow.

Risk 27

Risk Marketing Measurement IT 27

O'Reilly on Data

JUNE 13, 2023

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. When ChatGPT was limited to data before November 2021, it was an intriguing toy. If you dig a bit deeper, the results are puzzling.

Testing 301

Testing Publishing IT Risk 301

CIO Business Intelligence

MARCH 15, 2023

In reality, generative AI presents a number of new and transformed risks to the organization. A second, more pernicious risk is the fact that ChatGPT can write malware. It’s vitally important, of course – but it’s only one of the many risks CIOs must mitigate. Such is the nature of cybersecurity risk management.

Digital Transformation 126

Digital Transformation Risk Risk Management Strategy 126

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

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.

Marketing 128

Marketing Technology Insurance Machine Learning 128

Smart Data Collective

OCTOBER 20, 2021

However, this opens traders up to significant risk, given how turbulent individual cryptocurrencies can be. The April 2021 public listing of cryptocurrency exchange Coinbase on the Nasdaq Stock Market is one major example of investing in blockchain technology through a company’s stock.

Risk 131

Risk Technology Strategy Marketing 131

Smart Data Collective

APRIL 24, 2022

million in 2021 , which is a figure that grows every year. An extremely good principle and starting point would be to honestly quantify the cybersecurity risk in your organization. They have led to a growing number of data breaches, which are creating major concerns for people all over the world.

Data Processing 134

Data Processing Risk Measurement Technology 134

Smart Data Collective

DECEMBER 5, 2021

There were nearly 1,300 data breaches between January 1, 2021 and September 30, 2021. More than 70% of IT executives and security professionals surveyed in 2020 said they were concerned about risks and vulnerabilities due to sudden remote work. IT only gets involved if there’s a high-risk flag. Efficient Access.

Internet of Things 138

Internet of Things Risk Big Data IoT 138

Smart Data Collective

APRIL 16, 2021

The World Economic Forum has included cyber-attacks and data breaches in the list of top global risks in 2020. If you are concerned about the cyber safety of your data-driven enterprise , use the below-listed best practices for email security in 2021. Cyber-attacks have emerged as a big threat to the world.

Data-driven 144

Data-driven Enterprise Data Processing Risk 144

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.

Risk 127

Risk Insurance Testing Cost-Benefit 127

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

CIO Business Intelligence

APRIL 5, 2024

This year, lawmakers in the state are considering Senate Bill 2 , which would require organizations deploying AI for consequential “high-risk” decisions to develop risk management policies. You really can’t understand your risk posture if you don’t understand what AI tools you’re using,” she says.

Risk 132

Risk Insurance Interactive Strategy 132

Smart Data Collective

APRIL 1, 2021

Data Security Strategies that Your Business Should Follow in 2021. They can go a long way towards shielding your company from the risks associated with them. Data security has become more important than ever. As a business owner, you can’t afford to overlook the importance of a sound data security strategy. Human Resources.

Finance 138

Finance Sales Strategy Software 138

Smart Data Collective

APRIL 30, 2022

According to the Identity Theft Resource Center’s 2021 Data Breach Report, there were 1,862 data breaches last year. By utilizing a third-party Cyber Risk Quantification Platform , the road ahead is simplified. Data breaches are becoming a greater threat than ever. This figure is likely to keep rising in the months to come.

Risk 119

Risk Testing IT Strategy 119

CIO Business Intelligence

OCTOBER 11, 2023

ResearchandMarkets 1 estimates that the energy and power market spent 3.103 billion USD on AI in 2021. AI can help by proactively monitoring operations and flagging when an organization is at risk for non-compliance. AI models can also help evaluate risks, and generative AI can offer suggestions for mitigating those risks.

Unstructured Data 137

Unstructured Data Uncertainty Risk Data Processing 137