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Data Loss: Hazards, Risks and Strategies for Prevention

Smart Data Collective

A Security Intelligence article cites that the 2021 average cost of a data breach is $4.24 Remote working has also created greater data security risks. But in 2021, the average cost reached $9.23 In 2021, $180 is the average cost of a lost PII. In addition, they can use several strategies to manage data breaches.

Risk 131
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12 Cloud Computing Risks & Challenges Businesses Are Facing In These Days

datapine

We discussed already some of these cloud computing challenges when comparing cloud vs on premise BI strategies. This increases the risks that can arise during the implementation or management process. The risks of cloud computing have become a reality for every organization, be it small or large. Cost management and containment.

Risk 237
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3 keys to building a robust hybrid cloud risk strategy

IBM Big Data Hub

71% of executives think it’s difficult to realize the full potential of a digital transformation without having a solid hybrid cloud strategy in place. [1] But what does such a strategy entail? There are three keys to developing a successful hybrid cloud risk management strategy : security, compliance and resiliency.

Risk 84
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DIA Entries 2021: Judges’ Insight

Cloudera

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.

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6 business risks of shortchanging AI ethics and governance

CIO Business Intelligence

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 145
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What is Model Risk and Why Does it Matter?

DataRobot Blog

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
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Skills-first hiring has CIOs rethinking talent strategies

CIO Business Intelligence

Moreover, 19% of job postings in the US no longer required degrees, up from 15% in 2021. Some researchers and tech leaders are using the strategy. Yet Lutes and other experts say the skills-first hiring strategy does differ from traditional organizational labor practices. Others IT execs express reservations.

Strategy 132