CIO Business Intelligence

JULY 12, 2023

Last week, I attended the annual Gartner® Security and Risk Management Summit. The event gave Chief Information Security Officers (CISOs) and other security professionals the opportunity to share concerns and insights about today’s most pressing issues in cybersecurity and risk management. See you there.

Risk Management 98

Risk Management Risk Digital Transformation Strategy 98

Cloudera

FEBRUARY 15, 2024

While this might be a blast from the past we’d rather leave in the proverbial rear-view mirror, in March of 2023 we were back to the future with the collapse of Silicon Valley Bank (SVB), the largest US bank to fail since 2008. The post Back to the Financial Regulatory Future appeared first on Cloudera Blog.

Insurance 88

Insurance Data Architecture Risk Management Risk 88

IBM Big Data Hub

FEBRUARY 8, 2024

The European Parliament reached a provisional agreement on the EU AI Act in December 2023, it is now making its way through the final phases of the legislative process and is expected to rollout in stages in the second half of 2024. Dec 19, 2023 The European AI Act is currently the most comprehensive legal framework for AI regulations.

Risk Management 72

Risk Management Risk Machine Learning Metrics 72

Cloudera

APRIL 18, 2024

In the financial sector, regulations are essential for financial institutions to maintain stability by preventing excessive risk-taking, ensuring adequate capitalization and reducing the likelihood of failures or financial crises. What is DORA?

Risk Management 76

Risk Management Risk Testing Management 76

Cloudera

AUGUST 21, 2021

Besides identifying key event patterns and escalating crucial alerts based on predictive insights and actionable intelligence, real time analytics and stream processing fortifies risk management by enabling preventive measures before an incident results in damage. . The need for speed.

Data-driven 103

Data-driven Digital Transformation Risk Risk Management 103

IBM Big Data Hub

OCTOBER 30, 2023

In July 2023, the Securities and Exchange Commission (SEC) voted to adopt new cybersecurity rules and requirements for all market entities to address risks. Within the last decade, cybersecurity breaches have been on the rise as one of the biggest risks for companies of all industries and verticals. million, representing a 15.3%

Risk Management 73

Risk Management Risk Reporting Management 73

IBM Big Data Hub

DECEMBER 14, 2023

According to the 2023 Cost of a Data Breach report conducted by Ponemon Institute and sponsored by IBM , breaches with identification and containment times under 200 days cost organizations USD 3.93 Moreover, cloud environments were identified as frequent targets for cyberattacks in 2023. million—a 23% difference.

Risk 82

Risk Enterprise Digital Transformation Risk Management 82

IBM Big Data Hub

FEBRUARY 15, 2024

It refers to a set of metrics used to measure an organization’s environmental and social impact and has become increasingly important as it relates to a company’s business model, risk management strategy , reporting requirements and more. link resides outside ibm.com), Green Central Banking, Costa, 13 September, 2023 5.

Reporting 78

Reporting Consulting Risk Metrics 78

IBM Big Data Hub

MARCH 25, 2024

The US experienced 25 extreme weather events in 2023, each causing losses of over USD 1 billion, with a total cost of USD 73.8 Learn more about the IBM Environmental Intelligence Suite The post Mitigating the impact of climate change in insurance and other financial services appeared first on IBM Blog.

Insurance 85

Insurance Forecasting Risk Risk Management 85

IBM Big Data Hub

FEBRUARY 19, 2024

The challenges continue: one 2023 survey found 44% of companies had to make changes in the past year due to issues with their supply chain footprint, and 49% said supply chain disruptions had caused planning problems. They can also provide access to new markets, technologies, and expertise, offering a competitive advantage.

Strategy 81

Strategy Management Forecasting Internet of Things 81

IBM Big Data Hub

MAY 28, 2024

According to IBM’s Cost of a Data Breach , the global average cost to remediate a data breach in 2023 was USD 4.45 In May 2023, Ireland’s data protection authority imposed a USD 1.3 Data risk management To protect their data, organizations first need to know their risks.

Strategy 81

Strategy Measurement Risk Cost-Benefit 81

IBM Big Data Hub

DECEMBER 4, 2023

Its toolkit automates risk management, monitors models for bias and drift, captures model metadata and facilitates collaborative, organization-wide compliance. The post A look into IBM’s AI ethics governance framework appeared first on IBM Blog. It helps accelerate responsible, transparent and explainable AI workflows.

Consulting 74

Consulting Risk Metadata Risk Management 74

IBM Big Data Hub

SEPTEMBER 15, 2023

These disclosures will need to be filed as part of the company annual 10-K statements, potentially as soon as the 2024 fiscal year if the final ruling is published by October 2023 as currently expected. appeared first on IBM Blog. Furthermore, companies would need to disclose the price and rationale for internal carbon prices.

Reporting 72

Reporting Risk Data-driven Publishing 72

IBM Big Data Hub

AUGUST 18, 2023

The Digital Operational Resilience Act , or DORA, is a European Union (EU) regulation that created a binding, comprehensive information and communication technology (ICT) risk-management framework for the EU financial sector. In the U.S., the average cost of a data breach was at its highest, reaching $9.48M.

Cost-Benefit 74

Cost-Benefit Testing Strategy Risk Management 74

IBM Big Data Hub

JUNE 23, 2023

Risk management and controls are an imperative in F&A. In 2023 alone, IBM Consulting has interacted with more than 100 clients and completed dozens of engagements infusing generative AI alongside classical machine learning AI strategies. Apply the controllership lens.

Finance 56

Finance Consulting Data-driven Risk 56

IBM Big Data Hub

FEBRUARY 13, 2024

It also can help optimize transportation costs and service-level agreements as well as improve inventory management and visibility. Sign up for a 30-day free trial here Risk management Supply chains are under tremendous stress, facing challenges from supply, demand, logistics and shifting industry landscapes.

Cost-Benefit 78

Cost-Benefit Scorecard Risk Recreation/Entertainment 78

Cloudera

MARCH 25, 2021

Virginia’s law will go into effect on January 1, 2023. Risk management can be optimized by the improved use of data and analytics to run models, account for more variables and scrutinize probable outcomes. appeared first on Cloudera Blog. Machine learning is proven to help in the fight against fraud.

Data Strategy 65

Data Strategy Strategy Enterprise Insurance 65

IBM Big Data Hub

JANUARY 16, 2024

From reshaping the customer experience to bringing forth wealth management tools, the financial services sector will be at the helm of managing the lasting impact artificial intelligence (AI) will have on organizations and people. The advancements made in tech since the pandemic have boomed and ultimately changed the financial sector.

Insurance 48

Insurance Risk Management Cost-Benefit Risk 48

IBM Big Data Hub

JANUARY 30, 2024

billion in 2023. Build a zero-trust security approach According to a recent IBM IBV study , the average organization uses more than eight to nine cloud infrastructure environments at any given time, increasing the risk of security threats from bad actors and putting sensitive data at risk. to total $678.8

Strategy 91

Strategy Cost-Benefit Risk Optimization 91

IBM Big Data Hub

APRIL 3, 2024

In California, for example, legislation passed in late 2023 requires Scope 3 emissions disclosures, while the European Union’s Corporate Sustainability Reporting Directive —which mandates disclosures on a range of sustainability issues—was adopted earlier in the year.

Risk 52

Risk Gap analysis Reporting Risk Management 52

IBM Big Data Hub

NOVEMBER 28, 2022

According to the Gartner Hype Cycle for Data Privacy 2021, more than 80% of companies worldwide will face at least one privacy-focused data protection regulation by 2023. 3 benefits of an active metadata management solution. The post Maximize your data dividends with active metadata appeared first on Journey to AI Blog.

Metadata 56

Metadata Data Quality Data-driven Data Governance 56

IBM Big Data Hub

DECEMBER 15, 2023

The transformative power of open-source AI Despite the risks, open-source AI continues to grow in popularity. Morgan’s Athena uses Python-based open-source AI to innovate risk management. Many developers are choosing open-source AI frameworks over proprietary APIs and software.

Deep Learning 64

Deep Learning Experimentation Machine Learning Risk 64

IBM Big Data Hub

SEPTEMBER 20, 2022

Your model risk management team, IT operations team and line-of-business employees also need appropriate access. By 2023, it’s estimated that 60% of enterprise intelligence initiatives will be business-specific , shortening the data-to-decisions time frame by 30%, driving higher agility and resiliency.

Metadata 56

Metadata Machine Learning Data-driven Data Science 56

IBM Big Data Hub

JANUARY 29, 2024

Business continuity and disaster recovery plans are risk management strategies that businesses rely on to prepare for unexpected incidents. Lower financial risk: According to IBM’s recent Cost of Data Breach Report, the average cost of a data breach was USD 4.45 million in 2023—a 15% increase since 2020.

Cost-Benefit 84

Cost-Benefit Risk Enterprise Advertising 84

DataRobot Blog

MARCH 7, 2023

Financial services organizations can use DataRobot AI Platform on Azure to solve business challenges, such as credit risk management, while remaining compliant with industry regulations. The DataRobot AI Platform is the next generation of AI. For more information, visit [link]. DataRobot AI Platform is available via Azure Marketplace.

Data-driven 59

Data-driven Machine Learning Experimentation Data Lake 59

IBM Big Data Hub

APRIL 21, 2023

CSRD key dates for organizations It’s critical to note that while key dates are a few years away for some, organizations subject to the new directives must start preparing their data foundation and sustainability reporting processes now to avoid any risk of non-compliance.

Reporting 43

Reporting Metrics Risk Strategy 43

CIO Business Intelligence

SEPTEMBER 20, 2023

Risk Management: CISOs must assess and manage the risks posed by new technologies and changing threat landscapes. Employee Awareness: Effective employee training and awareness is critical in ensuring that staff are not unwittingly exposing the organization to cyber risks.

Digital Transformation 111

Digital Transformation Risk Management Risk Machine Learning 111

IBM Big Data Hub

FEBRUARY 15, 2024

Surface temperature statistics paint a compelling picture of the changing climate: 2023, according to the European Union climate monitor Copernicus, was the warmest year on record—nearly 1.5 “If we act now,” IPCC Chair Hoesung Lee said in a 2023 statement , “we can still secure a livable sustainable future for all.”

Insurance 59

Insurance Risk Statistics Strategy 59

CIO Business Intelligence

DECEMBER 6, 2023

Confusing and badly written content created by generative AI is already showing up in business contexts, with conference biographies, blog posts and slide decks that might sound impressive but make no sense being signed off by managers who should know better. Not all generative AI customers have got that message.

IT 133

IT Risk Management Interactive Risk 133

CIO Business Intelligence

SEPTEMBER 26, 2023

In this blog, I will explore some of the current requirements for companies to implement Zero Trust as outlined by the US government. This policy should include guidelines for employee training, incident response, and risk management. This blog was published on blogs.arubanetworks.com on 8/16/2023.

Cost-Benefit 140

Cost-Benefit Measurement Risk Risk Management 140

CIO Business Intelligence

OCTOBER 29, 2024

As of late 2023, IDC found that a minority of organizations across the EU were actively preparing to meet NIS 2 requirements ( Countdown to NIS 2: What’s the State of Play in Europe? IDC, December 2023). Many companies, however, appear not yet fully prepared. Contact us today to learn more.

Gap analysis 126

Gap analysis Insurance Risk Management Technology 126

Cloudera

NOVEMBER 30, 2023

Given the resulting hype, not to mention the exponentially increasing value proposition to help drive innovation and advance government agency missions, President Biden’s October 2023 Executive Order on the Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence was very timely.

Risk Management 80

Risk Management Risk Strategy Measurement 80