CIO Business Intelligence

NOVEMBER 4, 2024

Throughout 2024, Camelot’s team of in-house developers built the AI wizard that would become “Myrddin,” training it to understand CMMC guidelines and answer questions quickly with a focus on actionable, real-time guidance.

Dashboards 115

Dashboards Risk Risk Management Data-driven 115

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

CIO Business Intelligence

MAY 20, 2024

Nearly half (49%) of IT leaders responding to the 2024 State of the CIO Study from Foundry, publisher of CIO.com, say they expect to play more of a strategic role in the upcoming years, with another 36% anticipating a heavy emphasis on transformational responsibilities. Risk management came in at No. For Rev.io

IT 142

IT Risk Management Machine Learning Risk 142

CIO Business Intelligence

OCTOBER 29, 2024

Regulators began fully enforcing NIS 2 in October 2024, and DORA does not take full effect until January 2025. This suggests that IT and business leaders may be found liable even in situations where they do not personally make mistakes that lead to cybersecurity breaches, but where employees they supervise do. NIS 2 and DORA are quite new.

Gap analysis 115

Gap analysis Insurance Risk Management Marketing 115

Dataiku

SEPTEMBER 16, 2024

Large language models (LLMs) are already improving efficiency in client-facing operations and risk management environments. I will summarize the proven and plausible impact of LLMs and Generative AI in the banking and financial services industry as of September 2024.

Modeling 59

Modeling Risk Management Data Science Risk 59

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 130

Risk Management Risk Enterprise Insurance 130

CIO Business Intelligence

OCTOBER 1, 2024

They will oversee four working groups, each focusing on different aspects of AI governance — transparency and copyright, risk identification and assessment, technical risk mitigation, and internal risk management for general-purpose AI providers.

Risk 136

Risk Risk Management Interactive Enterprise 136

CIO Business Intelligence

AUGUST 6, 2024

According to IDC Research, “Downtime continues to cost cloud buyers” (IDC’s Cloud Pulse, 4Q23: Executive Summary, Part II — 2024 Cloud Return on Investment). Vendor risk management Assess vendor capabilities: Regularly evaluate the risk management and disaster recovery capabilities of key vendors.

Risk Management 111

Risk Management Risk Testing Finance 111

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. It was very quick, and we have learned a lot. We are taking a more conservative approach of leveraging generative AI for member-facing applications, but we are making progress.”

Uncertainty 137

Uncertainty Cost-Benefit Risk Experimentation 137

CIO Business Intelligence

OCTOBER 30, 2024

This challenge is particularly front and center in financial services with the arrival of new regulations and policies like the Digital Operational Resilience Act (DORA), which puts strict ICT risk management and security guidelines in place for firms in the European Union.

Enterprise 139

Enterprise Data Architecture Unstructured Data Insurance 139

CIO Business Intelligence

NOVEMBER 21, 2024

AI and GenAI Regulatory Landscape, IDC, July 2024). China follows the EU, with additional focus on national security In March 2024 the Peoples Republic of China (PRC) published a draft Artificial Intelligence Law, and a translated version became available in early May.

52

52

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

JUNE 12, 2024

C-suites expect big things from IT in 2024, and they’re investing additional money to realize their technological goals. In the Foundry “State of the CIO Study 2024,” more than half (54%) of the surveyed CIOs said their budget would grow this year and only 11% said they would shrink.

Machine Learning 59

Machine Learning Risk Management Consulting Strategy 59

David Menninger's Analyst Perspectives

OCTOBER 15, 2024

AI-enabling on-premises software is preferable where there is some combination of incurring less disruption to operations, faster time to value, lower risk of failure and lower total cost of ownership relative to migrating to the cloud. At the same time, because such AI-enablement is a custom project, there are risks.

Cost-Benefit 130

Cost-Benefit Risk Forecasting Software 130

CIO Business Intelligence

OCTOBER 17, 2022

From the point- of view of financial institutions, that elevation of risk has consequences across multiple aspects of their business, such as how they consume technology and how they transform their business by transitioning to new technologies like cloud computing. Countdown to 2024. Educate and get buy-in from senior management.

Risk Management 105

Risk Management Risk Enterprise Insurance 105

CIO Business Intelligence

NOVEMBER 6, 2024

Trend’s team knew that, despite the challenges of a new HITRUST version, getting v11 certification would establish a comprehensive, scalable, and secure foundation on which to grow the company’s business (Trend Health Partners is still a young company, founded in 2018, with 200 employees as of September 2024).

Risk 103

Risk Insurance Machine Learning Management 103

CIO Business Intelligence

MARCH 12, 2024

And 2024 looks to be that kind of year, with John-David Lovelock, distinguished VP analyst, reporting that “IT spending will be driven by more traditional forces, such as profitability, labor, and dragged down by a continued wave of change fatigue.” In 2024, LinkedIn surveys show that half of all Americans want to change jobs.

ROI 122

ROI IT Manufacturing Metrics 122

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 128

Risk IT IoT Statistics 128

CIO Business Intelligence

JANUARY 19, 2024

Due to be adopted as law by member states by October 2024, the EU Network and Information Systems (NIS2) Directive is the most important cybersecurity legislation ever enacted across member states. One of the biggest challenges will be NIS2’s emphasis on boosting supply chain security, widely acknowledged as a major potential weakness.

Digital Transformation 111

Digital Transformation Risk Risk Management Interactive 111

CIO Business Intelligence

MAY 13, 2024

“We know what we’re trying to achieve, because we know the business goals and objectives,” We want to grow substantially, and we want to do that with speed,” says Bilker, whose clarity on IT’s business objectives mirror the top directives CEOs are giving their CIOs, according to the 2024 State of the CIO Study from Foundry, publisher of CIO.com.

IT 131

IT Digital Transformation ROI Strategy 131

CIO Business Intelligence

FEBRUARY 20, 2024

Microsoft Copilot can bring to bear a range of capabilities to help manufacturers mitigate risk, manage their inventory, improve planning, and make informed decisions quickly across the entire supply chain. Visit: [link] Avanade is attending Hanover Messe 2024. Supply chain optimisation. Generative AI, Innovation

Manufacturing 98

Manufacturing Sales Risk Management Forecasting 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. Risk management – preset risk thresholds, and proactively detect and mitigate AI model risks.

Risk Management 72

Risk Management Risk Machine Learning Metrics 72

John Wheeler

JANUARY 31, 2021

As it turns out, uncertainty and change are the two primary aspects of strategic, operational and technology risk fueling the current demand for integrated risk management (IRM). Emerging Technologies: Digital Risk Management Is the Next Big IRM Opportunity. Cool Vendors in Integrated Risk Management.

Uncertainty 59

Uncertainty Risk Management Risk Forecasting 59

Jen Stirrup

SEPTEMBER 13, 2024

Gastech 2024 will take place in Houston, Texas, from September 17th to 20th, and it is a well-considered location for this event. These systems use AI to predict energy demand and manage supply efficiently, integrating renewable energy sources like solar and wind power ( Reference ). Houston, we have a problem. and you have a solution.

Digital Transformation 98

Digital Transformation Technology Modeling Risk 98

CIO Business Intelligence

JULY 2, 2024

Recently, MENA and Central Asian telecoms stakeholders came together at a roundtable during MWC Shanghai 2024, the leading connectivity event in Asia Pacific. It also explored how carriers, enterprises, oversight agencies, and regulators can enhance mobile security capabilities and provide guidance for risk management strategies.

Experimentation 105

Experimentation Digital Transformation Risk Management Risk 105

CIO Business Intelligence

JULY 25, 2024

Offered by the ISACA, the CRISC certification validates your ability to understand and mitigate enterprise IT risk using the latest best practices to identify, analyze, evaluate, assess, prioritize, and respond to risks.

IT 131

IT Management Risk Risk Management 131

CIO Business Intelligence

AUGUST 5, 2024

Por ejemplo, en el 2024 CISO Burnout Report , el 80% de los CISO se clasifican a sí mismos como “muy estresados”, el 63% dicen que reciben poco o ningún apoyo en la gestión de sus funciones, y el 50% informan de la pérdida de miembros del equipo debido al estrés en el lugar de trabajo.

Risk Management 115

Risk Management Software Machine Learning Management 115

CIO Business Intelligence

JUNE 18, 2024

Look no further than the 2024 IT marketplace, where the best paying jobs are predominantly technical, and attributes like strong communications and soft skills are all too often deemphasized. Regular new employee and employee refresher training in security should be conducted by HR and IT as part of overall enterprise risk management.

Risk 122

Risk Software Risk Management Dashboards 122

CIO Business Intelligence

JULY 25, 2024

In another, “Over half of organizations report cybersecurity posture to the board of directors at least quarterly.” ( IDC Worldwide CEO Survey , February 2024). Depending on the organization, the CISO may report to the CIO, the risk management organization, or in some cases to the CEO or CFO.

IT 111

IT Finance Consulting Reporting 111

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 132

Risk Insurance Interactive Strategy 132

IBM Big Data Hub

JANUARY 19, 2023

By 2024, for instance, 75% of the entire world’s population will have its personal data protected by encryption, multifactor authentication, masking and erasure, as well as data resilience. They go to great lengths to integrate trust, transparency and risk management into the DNA of the company culture and the customer experience.

Risk Management 60

Risk Management Risk Strategy Data Strategy 60

IBM Big Data Hub

APRIL 11, 2024

EU Parliament’s approval of the EU AI Act (March 2024) The EU AI Act aims to harmonize rules on AI systems across 27 member states to protect fundamental rights, democracy, the rule of law and environmental sustainability from high-risk AI, while boosting innovation and establishing Europe as a leader in the field.

Risk 58

Risk Risk Management Optimization Technology 58

CIO Business Intelligence

OCTOBER 15, 2024

According to the 2024 State of DevOps Report: The Evolution of Platform Engineering , 78% of respondents work in organizations with platform engineering groups in place for at least three years.

Enterprise 143

Enterprise Testing Business Objectives Experimentation 143

CIO Business Intelligence

SEPTEMBER 17, 2024

IDC, 2024 Maturity levels should be applied to the individual security program processes. Rather, a security program should aim to achieve sufficient security and reduce risk to acceptable levels to achieve the organization’s overall business goals. A risk appetite statement provides a high-level description of acceptable risk.

Measurement 111

Measurement Metrics Risk Dashboards 111

IBM Big Data Hub

MAY 8, 2024

The 2024 report showed a 71% increase in valid identities used in cyberattacks year-over-year. Orchestration solutions improve the efficacy and efficiency of risk management along digital user journeys. Identity orchestration Identity and access management projects are complex enough with many taking 12-18 months.

Risk 80

Risk Cost-Benefit Risk Management Management 80

CIO Business Intelligence

JULY 6, 2023

From 1 January 2024, the provisions relating to supplier risk management will also apply to companies with more than 1,000 employees. 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.

Cost-Benefit 96

Cost-Benefit Risk Digital Transformation Risk Management 96

Jen Stirrup

OCTOBER 13, 2024

I attended Commvault SHIFT in London on 8th October 2024. Commvault SHIFT 2024 LondonKey Takeaways Moving to Cyber Resilience Companies often only consider data properly once there is an issue. It focuses on ensuring operational resilience and aims to strengthen cyber risk management.

Machine Learning 52

Machine Learning Strategy Risk Enterprise 52