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. Consider investor expectations around net-zero targets.

Reporting 78

Reporting Consulting Risk Metrics 78

CIO Business Intelligence

MAY 20, 2024

Tech services provider Logicalis found in its 2024 Global CIO Report that 89% of CIOs reported “actively seeking opportunities to incorporate AI capabilities into their companies,” making it the No. Risk management came in at No. That’s up from 85% who said as much in 2023. Other surveys offer similar findings.

IT 141

IT Risk Management Machine Learning Risk 141

IBM Big Data Hub

MAY 31, 2024

Drawing on insights from academics and tax experts from around the world, the report helps us understand how these agencies can harness technology to improve efficiencies and create a better experience for taxpayers. At both gatherings, participants emphasized the importance of effective governance and risk management.

Cost-Benefit 98

Cost-Benefit Risk Risk Management Reporting 98

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. Higher risk tiers have more transparency requirements including model evaluation, documentation and reporting.

Risk Management 72

Risk Management Risk Machine Learning Metrics 72

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. Among the passed regulations were updated requirements for Form 8-K reporting as well as new guidance for Form 10-K Amendments. million, representing a 15.3%

Risk Management 73

Risk Management Risk Reporting Management 73

CIO Business Intelligence

OCTOBER 29, 2024

Because of this timeline, there have so far been no reported cases of personal penalties for executives or managers based on NIS 2 or DORA violations, and no precedents currently exist for determining which types of fines or other penalties regulators might impose on individuals. IDC, December 2023).

Gap analysis 94

Gap analysis Insurance Risk Management Marketing 94

CIO Business Intelligence

DECEMBER 28, 2023

As a result, managing risks and ensuring compliance to rules and regulations along with the governing mechanisms that guide and guard the organization on its mission have morphed from siloed duties to a collective discipline called GRC. These executive lead risk or compliance departments with dedicated teams. What is GRC?

Risk 108

Risk Risk Management Strategy Enterprise 108

CIO Business Intelligence

SEPTEMBER 20, 2023

Top 5 priorities for CISOs: Cybersecurity: Protecting the organization against cyber threats is the top priority for CISOs, with the number of reported data breaches rising year-on-year. Risk Management: CISOs must assess and manage the risks posed by new technologies and changing threat landscapes.

Digital Transformation 109

Digital Transformation Risk Management Risk Machine Learning 109

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 75

Risk Management Risk Testing Management 75

IBM Big Data Hub

APRIL 21, 2023

The Corporate Sustainability Reporting Directive (CSRD) reached a provisional political agreement in June 2022, signaling it will take effect in January 2024 for all relevant companies. This move aims to achieve more complete and transparent sustainability reporting across the region. CSRD on track to enter into force in 2024.

Reporting 43

Reporting Metrics Risk Strategy 43

CIO Business Intelligence

SEPTEMBER 13, 2024

And in KnowBe4’s 2024 International Healthcare Report, the global healthcare sector experienced 1,613 cyberattacks per week in the first three quarters of 2023, nearly four times the global average. The global healthcare cybersecurity market is set to reach $58.4 So there was a very real gap in our defenses.”

Risk 125

Risk IT IoT Statistics 125

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. It’s hard to believe it’s been 15 years since the global financial crisis of 2007/2008.

Insurance 87

Insurance Data Architecture Risk Management Risk 87

CIO Business Intelligence

SEPTEMBER 30, 2024

In fact, IT’s embrace of AI is nearly ubiquitous, with 89% of IT decision-makers surveyed for Foundry’s 2024 CIO Tech Priorities study saying they’re researching, piloting, or currently using AI-enabled technologies — up from 72% in 2023.

Machine Learning 141

Machine Learning ROI Data Processing Optimization 141

CIO Business Intelligence

NOVEMBER 21, 2024

Indeed, as IDC reported in a earlier this year, the U.S. Importantly, where the EU AI Act identifies different risk levels, the PRC AI Law identifies eight specific scenarios and industries where a higher level of risk management is required for “critical AI.” AI and GenAI Regulatory Landscape, IDC, July 2024).

Consulting 89

Consulting Risk Risk Management Marketing 89

John Wheeler

JANUARY 30, 2020

2020 marks Gartner’s fifth year of integrated risk management (IRM) technology coverage and the market continues to grow at a rapid pace. billion by 2023 (see figure below). billion by 2023 (see figure below). These new digital products and services create a host of new risks that require IRM technology.

Marketing 80

Marketing Risk Management Digital Transformation Risk 80

CIO Business Intelligence

JULY 25, 2024

According to an IDC Survey, “Ransomware attackers are getting more effective at finding valuable data; half of North American ransomware attacks where data was exfiltrated included the loss of valuable, sensitive, or security data ( Future Enterprise Resiliency and Spending Survey, Wave 11 , IDC 2023).

IT 104

IT Finance Consulting Reporting 104

CIO Business Intelligence

OCTOBER 15, 2024

According to the State of DevOps Report 2023 , only 18% of organizations achieved elite performance by deploying on demand, having a 5% change failure rate, and recovering from any failed deployment in under an hour.

Enterprise 142

Enterprise Testing Business Objectives Experimentation 142

IBM Big Data Hub

SEPTEMBER 15, 2023

For the first wave of companies affected, sustainability reports will be required as soon as fiscal year 2024. 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. In parallel, the U.S.

Reporting 72

Reporting Risk Data-driven Publishing 72

Jet Global

AUGUST 28, 2023

29, 2023 – insightsoftware , a global provider of reporting, analytics, and performance management solutions, today announced it acquired Vizlib , a UK-based software company that builds powerful value-added products for Qlik Sense. . –

Dashboards 75

Dashboards Visualization Finance Data Quality 75

AWS Big Data

JULY 9, 2024

For example, in the financial services industry, a risk management process might need to be run whenever trading data from any regional market is refreshed, or when both trading and regulatory updates are available. task def reporting(): # Task for reporting. task def notifications(): # Task for notifications.

Data-driven 90

Data-driven Reporting Management Risk 90

CIO Business Intelligence

JULY 6, 2023

Automation, integration and consistency make it flow By the end of 2023, companies in Germany with more than 3,000 employees must have implemented the due diligence obligations under SCDDA. From 1 January 2024, the provisions relating to supplier risk management will also apply to companies with more than 1,000 employees.

Cost-Benefit 83

Cost-Benefit Risk Digital Transformation Risk Management 83

CIO Business Intelligence

SEPTEMBER 7, 2023

Still, a 2023 McKinsey report corroborated this need for boards to be briefed on AI, finding that while 33% of businesses were already using AI and 40% were planning to aggressively invest in it, only 25% had AI on their board agendas. They said they did not know what questions to ask,” the survey concluded.

Risk 118

Risk Risk Management Management Technology 118

CIO Business Intelligence

JULY 31, 2023

Just look at the stats:Some 45% of 2,500 executives polled for a May 2023 report from research firm Gartner said the publicity around ChatGPT prompted them to increase their AI investments, 70% said their organization is already exploring gen AI, and 19% are in actual pilot or production mode.

Strategy 98

Strategy Risk Enterprise Risk Management 98

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

CIO Business Intelligence

JANUARY 22, 2024

trillion by 2025, as cyber risk management has not kept up with digital transformation posing serious risks to organizations’ security and revenue. As a result, companies find it increasingly difficult to manage their attack surface at the speed and scale necessary to prevent attacks.

Digital Transformation 124

Digital Transformation Risk Cost-Benefit Risk Management 124

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. How can IBM help?

Risk 52

Risk Gap analysis Reporting Risk Management 52

AWS Big Data

JANUARY 31, 2024

Background Options Price Reporting Authority (OPRA) serves as a crucial securities information processor, collecting, consolidating, and disseminating last sale reports, quotes, and pertinent information for US Options. Dataset For this analysis, we used the LSEG Tick History – PCAP OPRA dataset from May 17, 2023.

Marketing 95

Marketing Analytics Visualization Strategy 95

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

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 Firms might need to overhaul their risk assessment and portfolio management practices to include climate risk and opportunity.

Insurance 85

Insurance Forecasting Risk Risk Management 85

IBM Big Data Hub

JUNE 23, 2023

A recent report published by IBM’s Institute for Business Value (IBV) specifies key actions in response to one of seven bets proposed. A human layer of validation and a final sign-off on every transaction or report generated will be key. Risk management and controls are an imperative in F&A.

Finance 56

Finance Consulting Data-driven Risk 56

CIO Business Intelligence

APRIL 27, 2023

The past year was rough for the tech industry, with several companies reporting layoffs and the looming threat of a recession. And according to the latest 2023 Dice Tech Salary Report , you don’t need to reach for an executive career in IT to earn a six-figure salary. as of January. increase from 2021.

IT 115

IT Software Risk Management 115

CIO Business Intelligence

OCTOBER 3, 2024

billion in 2023 — with periodic spikes whenever IBM has introduced a new mainframe generation, Gartner claims. LLMs can drive significant insights in compliance, regulatory reporting, risk management, and customer service automation in financial services. billion in 2015 to less than $6.5

Machine Learning 133

Machine Learning Experimentation Insurance Modeling 133

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

CIO Business Intelligence

DECEMBER 7, 2022

Gartner predicts 2023 IT spending will grow 5.1% Security tops the list According to this year’s State of the CIO survey , cybersecurity and risk management are the top investment areas for 45% of IT leader respondents. For the immediate future, Lovelock says, budget issues will be, if not completely stable, at least manageable.

IT 132

IT Insurance Cost-Benefit Risk Management 132

CIO Business Intelligence

FEBRUARY 7, 2023

benrothke Wayne Anderson, a security and risk management leader at Microsoft, offered his “personal guide to cloud security shared responsibility”: If it’s in your interface (compute, network, FW, DB, identity etc.), For the love of all things – please stop trying to give your cloud provider’s SOC2 report to auditors.

Data Processing 117

Data Processing Risk Management Risk Consulting 117

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 Heavy rain and tropical storms: Climate change alters precipitation patterns, with NASA reporting more frequent periods of excess precipitation.

Insurance 59

Insurance Risk Statistics Strategy 59

CIO Business Intelligence

MAY 30, 2023

Projects also include the introduction of multifactor authentication; security, orchestration, automation, and response (SOAR); extended detection and response (XTR); and security information and event management (SIEM) software, according to Uzupis, who left his position in spring 2023. 9, with 47% involved in such).

IT 131

IT Risk Optimization Technology 131