CIO Business Intelligence

MARCH 18, 2024

Introduced in 2020—and later enacted in 2022—DORA aims to establish a consistent and common level of digital operational resilience across financial services firms in—or doing business with—the EU. But what exactly does this policy mean for IT security? And how can businesses ensure they’re ready? What is DORA?

Risk Management 120

Risk Management Insurance Risk Testing 120

DataRobot Blog

APRIL 29, 2022

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. However, after the financial crisis, financial regulators around the world stepped up to the challenge of reigning in model risk across the financial industry.

Risk 111

Risk Modeling IT Risk Management 111

CIO Business Intelligence

SEPTEMBER 14, 2023

billion in 2022, derives roughly 30% of its business from its markets, trading, and exchange business — and about 40% from software sales and licensing. When you have to calculate risk, it works really well to spread it horizontally in the cloud,” Peterson says. The company, which reported net revenues of $3.6

Risk Management 116

Risk Management Risk Marketing Cost-Benefit 116

CIO Business Intelligence

MAY 24, 2024

Issues related to data privacy and security have crossed the boundaries of risk management, and now have a tangible impact on workplace and consumer safety. Zero Trust principles are aimed at improving cybersecurity and have been mandated in the federal arena since 2022. That is where Zero Trust comes in.

Risk Management 95

Risk Management Data-driven Risk Software 95

IBM Big Data Hub

OCTOBER 23, 2023

1] Managing complex business operations across a hybrid multicloud environment presents leaders with unique challenges, not least of which are cyberthreats that can bring essential business functions to a halt—potentially for days, weeks or months. And they do so at scale across hybrid cloud and on-premises infrastructure.

Risk 84

Risk Strategy Risk Management Digital Transformation 84

DataRobot Blog

JUNE 1, 2022

Join DataRobot and leading organizations June 7 and 8 at DataRobot AI Experience 2022 (AIX) , a unique virtual event that will help you rapidly unlock the power of AI for your most strategic business initiatives. Explore nine great reasons to join DataRobot AIX 2022. AI Success Stories from Global Organizations.

Machine Learning 119

Machine Learning Data-driven Risk Management Risk 119

CIO Business Intelligence

MAY 26, 2023

The certification exam covers topics such as threats, attacks, vulnerabilities, risk management, architecture and design, technology and tools, cryptography and PKI, and identity and access management. According to Dice’s data, 16% of IT pros report holding this certification in 2022 — the same as in 2021.

IT 124

IT Reporting Risk Consulting 124

CIO Business Intelligence

OCTOBER 4, 2023

From 2016 to 2022, the company went from processing a payments volume of $354 billion to $1.36 Today we apply AI and ML across our business, including for fraud reduction, risk management, customer protection, personalized services, and global trade empowerment.” trillion last year.

Digital Transformation 132

Digital Transformation Deep Learning Data Lake Risk 132

CIO Business Intelligence

JUNE 9, 2022

Recent stats from the Identity Theft Resource Center (ITRC) show that about 92% of data breaches are cyber-attack-related, and data breaches in Q1 2022 were 14% higher than the same period in 2021. Cyber hacks in 2022. Cyberattacks, Data and Information Security, Risk Management

Risk 98

Risk Risk Management Sales Measurement 98

Smart Data Collective

JUNE 23, 2022

Market analysts predict the supply chain to normalize in the third quarter of 2022, which is only a few months away as of this publication. Risk Management. The automotive industry faces numerous risks, from missed production goals to mishaps on the factory floor.

Analytics 132

Analytics Manufacturing Internet of Things Advertising 132

CIO Business Intelligence

OCTOBER 17, 2022

On May 11, 2022, the European Union (EU) reached provisional agreement on the new Digital Operational Resilience Act (DORA). This includes overall risk management strategies and capabilities, supply chain security, and organizational staffing and policies for ensuring proper ICT risk assessment and compliance.

Risk Management 105

Risk Management Risk Enterprise Insurance 105

CIO Business Intelligence

DECEMBER 15, 2022

The company received the Asia Responsible Enterprise Awards 2022 for circular economy leadership , which recognized IVL’s successful PET Bottles Recycling to Personal Protection Equipment (PPE) Distribution project. About four years ago, IVL expanded the use of risk acceptance at its PNO facility in Texas to establish next-inspection plans.

Risk 98

Risk Digital Transformation Software ROI 98

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

Cloudera

DECEMBER 14, 2022

OCBC Bank optimizes customer experience & risk management with multi-phased data initiative. The company recently migrated to Cloudera Data Platform (CDP ) and CDP Machine Learning to power a number of solutions that have increased operational efficiency, enabled new revenue streams and improved risk management.

Data Strategy 81

Data Strategy Strategy IT Contextual Data 81

Smart Data Collective

SEPTEMBER 13, 2022

For example, the Yodlee ACH payments solution is widely used for account verification, fraud detection, risk management, bank reconciliation, recurring payment collection, and same-day transfers by businesses of every size and stature across the United States. ACH payments were so popular in 2021 that the network saw over $72.6

Big Data 109

Big Data Cost-Benefit Risk Management Data-driven 109

CIO Business Intelligence

MARCH 12, 2024

When this happens, corporate risk is heightened as preemptive projects get delayed — sometimes for indefinite periods of time. CIOs can change this thinking by incorporating preemptive projects like disaster recovery into their corporate risk management strategies. The average cost of a data breach is $4.64

ROI 122

ROI IT Manufacturing Metrics 122

IBM Big Data Hub

JUNE 13, 2022

Trustworthy outcomes are critical for all AI systems, particularly in high-risk contexts, and this is a key factor in why the market for responsible AI solutions is expected to double in size in 2022 [2]. RegTech will play a central role in AI governance practices in 2022 and beyond.

Risk 98

Risk Risk Management Data-driven Metrics 98

CIO Business Intelligence

JUNE 26, 2023

The average mortgage requires 280 pages 2 of documents to be prepared, verified, and checked, contributing to an average cost of more than $11,000 in production expenses 3 per loan in the third quarter of 2022. Machine-managed risk Risk management is a top-of-mind issue for all financial services firms.

Data-driven 98

Data-driven Insurance Risk Risk Management 98

CIO Business Intelligence

SEPTEMBER 7, 2023

The second challenge is managing new risks, which stem primarily from the threat of misinformation. Since the consequence of failure is high, the defense industry must strike a deft balance between innovation and risk management. billion by 2032.

Unstructured Data 119

Unstructured Data Cost-Benefit Risk Data-driven 119

IBM Big Data Hub

OCTOBER 4, 2022

IBM Global AI Adoption Index 2022.). Risk Management: Manage risk and compliance to business standards, through automated facts and workflow management. Model risk management is used to identify, manage, monitor and report on risk and compliance initiatives at scale.

Metadata 97

Metadata Risk Management Risk Experimentation 97

CIO Business Intelligence

DECEMBER 6, 2024

Muthukrishnan notes that after seeing the rise of LLMs and gen AI in 2022, it was clear the company needed to shift its AI ambitions to make use of the new technology. Together, they formed an internal team of professionals in financial service fields including regulatory compliance, risk management, and audit, among others.

Marketing 122

Marketing Technology Risk Measurement 122

John Wheeler

OCTOBER 6, 2021

Common to all of these risk events is the highly interconnected causes and effects that require a better view of the risk landscape. To gain this insight, leaders continue to look to integrated risk management (IRM) technology solutions.

Risk Management 52

Risk Management Risk Interactive Technology 52

CIO Business Intelligence

NOVEMBER 23, 2022

According to Bizzdesign’s survey of over 1,000 enterprise architects and IT business leaders, the top priorities to improve the impact of EA in 2022 include improving communication about the value of EA to the business (56%) as well as improving the development and adoption of EA processes (50%).

Enterprise 128

Enterprise Cost-Benefit Digital Transformation Strategy 128

CIO Business Intelligence

JULY 14, 2022

Rather than simply investing in technology, and hoping for the best, however, IT leaders need to be strategic and undertake risk management that best suits their business profile. Understanding where the threats lie.

Digital Transformation 98

Digital Transformation IoT Business Objectives Risk Management 98

CIO Business Intelligence

SEPTEMBER 19, 2022

Carrefour chose SAP S/4HANA as the only system that would cover their entire process from origination, risk management, and logistics through back-office processes like finance, accounting, and tax to operational processes. At that point, they had a little over three months to get it done. The power of partnership.

Technology 89

Technology Cost-Benefit Sales Finance 89

Smart Data Collective

AUGUST 1, 2022

from 2022 to 2027. For example, you can find discussion threads on stock selection strategies and risk management. The AI algorithms that it uses can identify trading opportunities most humans would have missed. The topics are categorized, making them easy to find.

Cost-Benefit 126

Cost-Benefit Machine Learning Marketing Strategy 126

CIO Business Intelligence

APRIL 29, 2022

From a policy perspective, the organization needs to mature beyond a basic awareness and definition of data compliance requirements (which typically holds that local operations make data “sovereign” by default) to a more refined, data-first model that incorporates corporate risk management, regulatory and reporting issues, and compliance frameworks.

Digital Transformation 132

Digital Transformation Data-driven Strategy Data Strategy 132

CIO Business Intelligence

APRIL 27, 2023

1. IT management It’s no surprise that IT executive positions earn some of the highest average salaries, with Dice reporting an average yearly salary of $164,814 in 2022 — an 8.4% They’re required to work closely with upper management, executives, and key stakeholders to identify business needs and requirements.

IT 116

IT Software Risk Management 116

Smart Data Collective

APRIL 22, 2020

The software development market expects to have a turnover of approximately $500 billion by 2022. Such a model is employed for large-scale projects that take into account risk management. Analysis of Risk: The team analyzes the risk and find solutions for existing problems. Disadvantages of Scrum Methodology.

Data-driven 115

Data-driven Software Big Data Testing 115

IBM Big Data Hub

APRIL 11, 2023

Read the 2022 IBM Impact Report Embedding ethics across practices For IBM, it starts by creating a culture of ethics across the company. For example, IBM maintains a multifaceted risk-management approach to identify and help address cybersecurity risks. Our work also extends to our data privacy and security efforts.

Reporting 56

Reporting Risk Risk Management Technology 56

CIO Business Intelligence

MARCH 25, 2022

Indeed, financial institutions were disproportionately affected by ransomware in 2021, and the early indications for the New Year point to more of the same for 2022. . Policy makers around the world have been recognizing this heightened risk, which has been further amplified by the recent geopolitical tensions.

Finance 98

Finance KPI Risk IoT 98

IBM Big Data Hub

FEBRUARY 13, 2024

In fact, in a 2022 survey , 73% of consumers said that traceability is important to them. It also can help optimize transportation costs and service-level agreements as well as improve inventory management and visibility. This technology can also help reduce the risk of regulatory non-compliance.

Cost-Benefit 78

Cost-Benefit Scorecard Risk Recreation/Entertainment 78

CIO Business Intelligence

JULY 7, 2022

By Rob Greer, Vice President and General Manager, Symantec Enterprise Division. As the GM of Symantec , I had the good fortune of being able to attend both the Gartner Security & Risk Management Summit and the 2022 RSA Conference the week of June 6.

Advertising 98

Advertising Enterprise Risk Management Risk 98

CIO Business Intelligence

JUNE 8, 2023

The technology initiatives that are expected to drive the most IT investment in 2023 security/risk management, data/business analytics, cloud-migration, application/legacy systems modernization, machine learning/AI, and customer experience technologies. 91% of CIOs expect their tech budget to either increase or stay the same in 2023.

Strategy 98

Strategy Data-driven Interactive Business Objectives 98

CIO Business Intelligence

APRIL 20, 2022

End-user spending on security and risk management in the Middle East and North Africa (MENA) is forecast to total US$2.6 billion in 2022, showing an increase of 11.2% Countries in the region are fighting back. compared to last year, Gartner has forecast.

Forecasting 52

Forecasting Risk Management Reporting Risk 52

CIO Business Intelligence

MAY 30, 2023

3, with 55% of responding IT leaders listing this area) and risk management (at No. Like others, Ang says these initiatives are ongoing, noting that EtonHouse has been focused on migrating to the cloud for several years and that the other initiatives are carried over from 2022. 9, with 47% involved in such).

IT 131

IT Risk Optimization Technology 131

IBM Big Data Hub

FEBRUARY 8, 2024

1 Slowly but surely, institutional investors started to recognize that companies could potentially improve financial performance and risk management by focusing on ESG issues like greenhouse gas emissions. CDP Media Factsheet (link resides outside ibm.com ), CDP, October 2022 3.

Measurement 77

Measurement Metrics Reporting Strategy 77