Smart Data Collective

NOVEMBER 3, 2021

In this article, we decided to cover the tendencies in banking loan software in 2022 and give a brief market outlook of AI-driven lending software as a whole. The Deloitte report says that in the second quarter of 2020 the largest 100 banks in the USA reported $103.4 Loan Software in Banking in 2022: The Bottom Line.

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Software Data-driven Interactive Insurance 138

CIO Business Intelligence

JULY 10, 2024

We examine the risks of rapid GenAI implementation and explain how to manage it. These examples underscore the severe risks of data spills, brand damage, and legal issues that arise from the “move fast and break things” mentality. This is a risk that many organizations don’t consider.

Risk 111

Risk Strategy Consulting Cost-Benefit 111

Smart Data Collective

DECEMBER 5, 2021

The following is a comprehensive guide to what you should know for the implementation of a Zero Trust security approach if it’s a 2022 organizational priority. This benefit is especially relevant since a majority of organizations report a shortage of cybersecurity skills. IT only gets involved if there’s a high-risk flag.

Internet of Things 138

Internet of Things Risk Big Data IoT 138

CIO Business Intelligence

JULY 19, 2022

Phishing/pharming, card testing, identity theft, and first-party misuse remain the most prevalent fraud attacks, each affecting more than three in 10 merchants globally, according to 2022 Global Fraud Report , by the Merchants Risk Council, Cybersource, and Verifi. 5] Visa, Just one second: What happens when we pay?

Risk 98

Risk Machine Learning Reporting Sales 98

CIO Business Intelligence

NOVEMBER 5, 2024

Here are some of the challenges left to resolve in the area of environmental sustainability: Collecting, sharing, and reporting on environmental data: For many organizations, identifying and collecting sustainability data across operations is still a challenge. Back to the good news: Organizations are slowly conquering this issue.

Uncertainty 98

Uncertainty Measurement ROI Reporting 98

O'Reilly on Data

NOVEMBER 28, 2023

As of November 2023: Two-thirds (67%) of our survey respondents report that their companies are using generative AI. Unexpected outcomes, security, safety, fairness and bias, and privacy are the biggest risks for which adopters are testing. And only 33% report that their companies aren’t using AI at all.

Enterprise 339

Enterprise Testing Modeling Reporting 339

CIO Business Intelligence

AUGUST 17, 2022

To help make it quick and easy for IT leaders to get a reliable snapshot of the enterprise storage trends, we put together this “trends update” for the second half of 2022. We predicted at the start of 2022 that cyber resilience from the storage estate would be critical this year because of the threats of cyberattacks.

Enterprise 111

Enterprise Cost-Benefit Snapshot Data-driven 111

Andrew White

DECEMBER 16, 2021

What are the assumptions you use to frame your plans for 2022? So what is my narrative today looking at the end of 2021 and thoughts for 2022? Let’s start by looking at the Fed’s last public material from Fed Officials Project Three Interest Rate Rises in 2022 and Accelerate Stimulus Wind-Down. Dropping to 2.7%

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Forecasting Insurance Strategy Marketing 102

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.

Risk 111

Risk Modeling IT Risk Management 111

CIO Business Intelligence

OCTOBER 27, 2022

A key driver for this is the steep resource cost in keeping customized implementations apace with the latest features — a cost many CIOs forgo in favor of stagnancy, at the risk of falling behind. In the absence of real-time data, at the end of each month, it took a few days to run the numbers and ultimately carry out management reporting.

IT 145

IT Cost-Benefit Finance Marketing 145

CIO Business Intelligence

JANUARY 30, 2024

Corporate ESG reporting is getting real for companies around the globe. Enacted and proposed regulations in the EU, US, and beyond are deepening reporting requirements in an effort to change business behavior. The foundation for ESG reporting, of course, is data. The foundation for ESG reporting, of course, is data.

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Reporting Data Quality Strategy Data-driven 115

CIO Business Intelligence

MARCH 5, 2025

According to a recent survey by Foundry , nearly all respondents (97%) reported that their organization is impacted by digital friction, defined as the unnecessary effort an employee must exert to use data or technology for work. Asset information management is a key tool in predictive maintenance.

Management 86

Management Data-driven Cost-Benefit Risk 86

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. A New Normal: Bubble-Up for Safety at Live Events with Flockey. So, how does it work?

Risk 98

Risk Broadcasting Recreation/Entertainment Dashboards 98

CIO Business Intelligence

DECEMBER 8, 2022

If this debate sounds familiar to you, it’s worth looking at the 2022-23 Global Network Report from NTT , a new piece of research that offers an intriguing view of how enterprises around the world are managing their networks. All too often, legacy networks limit the potential for digital transformation.

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Digital Transformation Reporting Risk Cost-Benefit 145

CIO Business Intelligence

NOVEMBER 15, 2023

By Gartner’s estimations, overall IT spending will grow in 2024 by 8%, more than double that of 2022 and 2023—2.9% Such a report has a legacy already, if only a short one. In many of the most engaging IT reports, content is organized principally around the priorities of the broader firm. and 3.5%, respectively. Good question.

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Publishing Reporting IT Finance 124

CIO Business Intelligence

MARCH 10, 2023

These, in turn, have brought with them an increase in new threats, risks, and cybercrime. As organizations emerge post-pandemic, many of the risks and uncertainties manifested during that period will persist, including the hybrid workforce, supply chain risk, and other cybersecurity challenges.

Digital Transformation 143

Digital Transformation Cost-Benefit ROI Risk 143

CIO Business Intelligence

JUNE 2, 2022

Hot technologies for banks also include 5G , natural language processing (NLP) , microservices architecture , and computer vision, according to Forrester’s recent Top Emerging Technologies in Banking In 2022 report. AI enhances operational efficiency. 5G aids customer service. 5G aids customer service. 5G aids customer service.

Predictive Analytics 145

Predictive Analytics Technology Analytics Machine Learning 145

CIO Business Intelligence

MARCH 22, 2022

March 2022. February 2022. January 2022. At Fractal, Tiwari will be responsible for the company’s digital transformation and overseeing IT operations, cybersecurity, and risk management. . The increased demand for experienced IT leaders has made the space extremely dynamic. Write to us if you have news to share.

Internet Publishing and Broadcasting 98

Internet Publishing and Broadcasting Digital Transformation Insurance Recreation/Entertainment 98

CIO Business Intelligence

DECEMBER 19, 2022

These risks, as well as other risks related to the proposed transaction, are included in the registration statement on Form S-4 and proxy statement/prospectus that has been filed with the Securities and Exchange Commission (“SEC”) in connection with the proposed transaction.

Uncertainty 138

Uncertainty Risk Data-driven Reporting 138

IBM Big Data Hub

JUNE 19, 2023

However, a 2022 report by the World Bank estimated that the global economy could lose up to USD 1.2 The report also found that disruptions to the global supply chain are likely to have a significant impact on developing countries, as these countries are more reliant on imported goods and services.

Risk 77

Risk Manufacturing Reporting Modeling 77

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. 2] Cost of a Data Breach Report 2023 , IBM Security®, July 2023. [3]

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Risk Strategy Risk Management Digital Transformation 84

CIO Business Intelligence

MAY 26, 2023

The overall perceived value of IT certifications is shifting, according to the 2023 Tech Salary Trends report from Dice. Businesses are looking for qualified IT pros who can help ensure that they are protected from potential threats and risks.

IT 124

IT Reporting Risk Consulting 124

Cloudera

DECEMBER 16, 2022

We are pleased to announce that Cloudera has been named a Leader in the 2022 Gartner ® Magic Quadrant for Cloud Database Management Systems. Cloudera has been recognized in this cloud DBMS report since its inception in 2020. Anything else requires integration, sometimes between multiple vendors, which means complexity and risk.

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Management Metadata Machine Learning Data Lake 92

Smart Data Collective

MAY 17, 2023

In 2022, over 422 million individuals were affected by over 1,800 data breaches. According to the Identity Theft Resource Center’s 2022 Data Breach Report, the number of data breaches decreased slightly in 2022 from the number reported in 2021. Data breaches have become frighteningly common in recent years.

Risk 115

Risk Measurement Software Management 115

CIO Business Intelligence

MAY 4, 2022

Ceridian SVP and CIO Carrie Rasmussen got a 7% bump in her IT budget for 2022, with her company’s growth, its ongoing digitalization drive, and security mindfulness driving the boost. More specifically, Rasmussen is boosting her spend on cybersecurity to help manage risk, a key element for enabling Ceridian’s planned global expansion.

IT 135

IT Business Driver Reporting Uncertainty 135

O'Reilly on Data

MARCH 23, 2023

ChatGPT, or something built on ChatGPT, or something that’s like ChatGPT, has been in the news almost constantly since ChatGPT was opened to the public in November 2022. What is it, how does it work, what can it do, and what are the risks of using it? What Are the Risks? Copyright violation is another risk.

IT 346

IT Modeling Testing Risk 346

CIO Business Intelligence

OCTOBER 2, 2023

Nearly three-quarters of midsize and large companies report having a PMO, according to the 2022 State of the Project Management Office report from PM Solutions, a project management services firm. Most importantly, perhaps, is its overarching responsibility, which is to ensure projects deliver value.

Management 124

Management Scorecard Key Performance Indicator Risk 124

CIO Business Intelligence

AUGUST 29, 2024

And the more lockouts and re-verifications, the greater the risk that a threat actor will exploit the opportunity. Push notifications sent to an authenticator app: This method is vulnerable to push fatigue attacks , a vector that emerged around 2022. In 2022, Microsoft reported more than 382,000 MFA fatigue attacks.

Risk 128

Risk Visualization Management Technology 128

CIO Business Intelligence

MARCH 27, 2023

That’s from a survey of 566 data and analytics leaders globally that Gartner conducted online from September to November 2022. “It Respondents to the survey reported their organizations are increasing investment in data management (65%), data governance (63%), and advanced analytics (60%).

Data-driven 145

Data-driven Data Quality Strategy Reporting 145

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. This premium on digital capability is evident in the $15 billion acquisition of datacenter operator CyrusOne, which attracted a 25% premium on share price in 2022.

Uncertainty 111

Uncertainty Risk Strategy Cost-Benefit 111

CIO Business Intelligence

JANUARY 13, 2023

All Posts The US National Aeronautics and Space Administration (NASA) has overspent about $15 million on Oracle software over the past five years because it lacked a centralized software asset management practice, according to an audit report published by the space agency’s office of the inspector general (OIG).

IT 122

IT Software Reporting Risk 122

CIO Business Intelligence

OCTOBER 24, 2023

An ASM solution can help organizations actively discover, learn about, and respond to unknown risks in all publicly connected systems and exposed services – and this can be the saving grace to avoid a disastrous attack. To address this, attack surface management (ASM) offers a lifeline for organizations to secure their OT systems.

Risk 83

Risk Manufacturing Digital Transformation Management 83

IBM Big Data Hub

MARCH 27, 2024

As businesses make plans to mitigate climate risks such as extreme weather events, they have an opportunity to innovate with new business models and demonstrate leadership by implementing more sustainable practices. What is climate risk? These risks can make it difficult or impossible for organizations to operate in affected locations.

Risk 60

Risk Forecasting Insurance Strategy 60

CIO Business Intelligence

FEBRUARY 10, 2023

billion in 2022, according to a research study published by The Insight Partners in August 2022. The report projects the market will reach $38 billion by 2028, growing at a compound annual growth rate (CAGR) of about 20.4% from 2022 to 2028. Financial services: Develop credit risk models.

Predictive Analytics 145

Predictive Analytics Analytics Predictive Modeling Forecasting 145

CIO Business Intelligence

NOVEMBER 15, 2022

Resilient cybersecurity Despite the clamour for new digital investments, Gartner’s analysts did recognise that this would represent a new cybersecurity risk, with some attributing the increased spending in security over the next year down to ongoing uncertainty regarding Russia’s invasion of Ukraine. global inflation rate.

Digital Transformation 143

Digital Transformation Machine Learning Experimentation Data-driven 143

CIO Business Intelligence

MARCH 7, 2023

Tech companies have laid off over 250 thousand employees since 2022, and 93% of CEOs report preparing for a US recession over the next 12 to 18 months. Then, often reporting to risk, compliance, or security organizations, are separate data governance teams focused on data security, privacy, and quality.

Digital Transformation 145

Digital Transformation Data Governance Machine Learning Experimentation 145

CIO Business Intelligence

SEPTEMBER 25, 2024

The probe, led by the Department of Justice (DOJ), is focused on whether SAP and its reseller, Carahsoft Technology, colluded to fix prices on sales to the US military and other government entities, a Bloomberg report said. billion — was reportedly raided by FBI agents and military investigators earlier this week.

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Sales Reporting Software Technology 126