CIO Business Intelligence

DECEMBER 28, 2023

The need to manage risk, adhere to regulations, and establish processes to govern those tasks has been part of running an organization as long as there have been businesses to run. Furthermore, the State of Risk & Compliance Report, from GRC software maker NAVEX, found that 20% described their programs as early stage.

Risk 94

Risk Risk Management Strategy Enterprise 94

CIO Business Intelligence

JUNE 8, 2023

This demand for skilled IT workers is reflected in the rising average salaries of certain job titles as companies compete for top talent, according to data from the 2023 Dice Tech Salary Report. Here are the 10 IT roles that have earned the biggest bumps in pay for 2023, according to salary data from Dice.

IT 135

IT Digital Transformation Software Risk 135

CIO Business Intelligence

AUGUST 4, 2023

In collaboration with our peers, we have a solid business sense that carefully weighs innovation and risk in order to gain valuable ROI while protecting the organization from all forms of risk associated with each project. If reversible, then there’s clearly less risk. What’s new and different today?

Risk 89

Risk Risk Management ROI Technology 89

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. If you’re interested in earning a certification to help boost your resume, these are the 10 most popular IT certifications for 2023, according to data from Dice.

IT 123

IT Reporting Risk Consulting 123

IBM Big Data Hub

MAY 23, 2023

IBM Cloud completed its 2023 independent review of IBM Cloud services and processes. In 2023, IBM Cloud expanded the AUP to include additional locations and services that articulate our commitment to expand our portfolio of compliance across IBM Cloud. What is the IBM Cloud Framework for Financial Services?

Reporting 65

Reporting Risk Management Data Processing Risk 65

CIO Business Intelligence

SEPTEMBER 10, 2024

As a result, software supply chains and vendor risk management are becoming ever more vital (and frequent) conversations in the C-suite today, as companies seek to reduce their exposure to outages and the business continuity issues of key vendors their businesses depend on. “We We now are paying much more attention to it,” he says.

Risk Management 122

Risk Management Risk Enterprise Insurance 122

IBM Big Data Hub

JANUARY 19, 2023

They go to great lengths to integrate trust, transparency and risk management into the DNA of the company culture and the customer experience. To do this, organizations must lean into data privacy programs that build transparency and risk management into everyday workflows.

Risk Management 60

Risk Management Risk Strategy Data Strategy 60

CIO Business Intelligence

JUNE 25, 2024

Charles Dickens’ Tale of Two Cities contrasts London’s order and safety with the chaos and risk of Paris. In Q1 of 2023, UHG spent $3.5 Its performance might, like so many political polls, be within the boundaries of statistical noise — especially as it upped its 2023 investment in R&D to some $30B.

Risk 94

Risk Risk Management Statistics Management 94

Cloudera

MARCH 18, 2021

The Fundamental Review of the Trading Book (FRTB), introduced by the Basel Committee on Banking Supervision (BCBS), will transform how banks measure risk. In order to help make banks more resilient to drastic market changes, it will impose capital requirements that are more closely aligned with the market’s actual risk factors.

Machine Learning 55

Machine Learning Risk Risk Management Measurement 55

CIO Business Intelligence

DECEMBER 19, 2023

This year’s technology darling and other machine learning investments have already impacted digital transformation strategies in 2023 , and boards will expect CIOs to update their AI transformation strategies frequently. Luckily, many are expanding budgets to do so. “94%

Digital Transformation 138

Digital Transformation Unstructured Data Machine Learning Risk Management 138

IBM Big Data Hub

MAY 31, 2024

But the rates of exploration of AI use cases and deployment of new AI-powered tools have been slower in the public sector because of potential risks. Driving innovation for tax agencies with trust in mind Tax or revenue management agencies are a part of the public sector that might likely benefit from the use of responsible AI tools.

Cost-Benefit 98

Cost-Benefit Risk Risk Management Reporting 98

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

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 Metrics Machine Learning 72

CIO Business Intelligence

SEPTEMBER 17, 2024

In the State of Enterprise Architecture 2023 , only 26% of respondents fully agreed that their enterprise architecture practice delivered strategic benefits, including improved agility, innovation opportunities, improved customer experiences, and faster time to market.

Enterprise 143

Enterprise Digital Transformation Cost-Benefit Risk 143

CIO Business Intelligence

NOVEMBER 4, 2024

This often resulted in lengthy manual assessments, which only increased the risk of human error.” To address compliance fatigue, Camelot began work on its AI wizard in 2023. Myrddin has also freed up teams to focus on risk management and strategic planning instead of getting slowed down by repetitive manual compliance checks.”

Dashboards 99

Dashboards Risk Risk Management Data-driven 99

CIO Business Intelligence

NOVEMBER 21, 2024

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.” Further, the Dubai Health Authority also requires AI license for ethical AI solutions in healthcare.

Consulting 87

Consulting Risk Risk Management Marketing 87

CIO Business Intelligence

MAY 20, 2024

Krishna Prasad, chief strategy officer and CIO at UST, a digital transformation solutions company, says that cybersecurity not only remains top of mind but an area of significant work for IT as it’s tasked with executing much of the risk-mitigation efforts. Risk management came in at No. Foundry / CIO.com 3. For Rev.io

IT 136

IT Risk Management Machine Learning Risk 136

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 99

Digital Transformation Risk Management Risk Machine Learning 99

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

APRIL 5, 2024

The 118th session of Congress, covering 2023 and 2024, may end up as the least productive session in US history, with only 47 bills passed and becoming law between the beginning of 2023 and April 1 of this year. However, Congress, mired in partisan infighting, seems unlikely to move forward on serious AI legislation anytime soon.

Risk 108

Risk Insurance Interactive Strategy 108

CIO Business Intelligence

NOVEMBER 4, 2024

We launched the proof-of-value pilot in November 2023 and rolled it out to all team members by February 2024. Another factor that increases gen AI risk and costs is the “massive ‘shadow IT’ in most organizations, as employees use personal accounts to use tools like ChatGPT with company data,” Baier says.

Uncertainty 117

Uncertainty Cost-Benefit Risk Experimentation 117

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

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

CIO Business Intelligence

NOVEMBER 6, 2024

In 2023, Trend underwent a HITRUST r2 assessment, a two-year risk-based assessment considered the most rigorous type of HITRUST certification. “The We prioritized risks that could directly impact our clients’ sensitive data, focusing on data encryption, access management, and continuous monitoring.”

Risk 78

Risk Insurance Machine Learning Management 78

CIO Business Intelligence

MARCH 21, 2024

Combined with an outstanding internal ERP implementation team, Lovelady worked with business units to put their best talent on the ERP initiatives, which in 2023 alone, led to four on-time deployments. Besides, our businesses shouldn’t have to worry that outdated network equipment is putting their operation at risk.”

IT 108

IT Manufacturing Risk Management Risk 108

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 137

Enterprise Testing Business Objectives Experimentation 137

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 79

Risk Management Risk Digital Transformation Strategy 79

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. Respond to threats quickly.

Digital Transformation 116

Digital Transformation Risk Cost-Benefit Risk Management 116

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 108

Risk Risk Management Management Technology 108

CIO Business Intelligence

JULY 5, 2024

Modernization, therefore, is part of its DNA, and according to CIO Marykay Wells, making technical changes to an organization’s IT infrastructure is an ever-changing discipline that needs to be meticulously managed. “If Objective frameworks According to Wells, this exercise wasn’t formatted subjectively. And the proof is in the results.

Management 93

Management Risk Measurement Dashboards 93

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 For other financial services firms outside of the insurance sector, property accepted as loan security might face climate-related risks as well. As a result, their market would shrink.

Insurance 85

Insurance Forecasting Risk Risk Management 85

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. This makes it hard to assess climate risks, mitigation efforts and other initiatives.

Reporting 78

Reporting Consulting Risk Metrics 78

IBM Big Data Hub

DECEMBER 14, 2023

A cybersecurity strategy is not solely about managing risk across a business’ IT infrastructure. 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

Risk 82

Risk Enterprise Digital Transformation Risk Management 82

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 69

Cost-Benefit Risk Digital Transformation Risk Management 69

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