CIO Business Intelligence

NOVEMBER 4, 2024

This often resulted in lengthy manual assessments, which only increased the risk of human error.” 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

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

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 124

Digital Transformation Risk Cost-Benefit Risk Management 124

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

FineReport

APRIL 9, 2024

Evolving BI Tools in 2024 Significance of Business Intelligence In 2024, the role of business intelligence software tools is more crucial than ever, with businesses increasingly relying on data analysis for informed decision-making. This resulted in increased profitability and strengthened competitive positioning within the industry.

Business Intelligence 52

Business Intelligence Software Predictive Modeling Data-driven 52

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

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 103

Risk Insurance Machine Learning Management 103

David Menninger's Analyst Perspectives

OCTOBER 15, 2024

Waiting too long to start means risking having to play catch-up. 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.

Cost-Benefit 130

Cost-Benefit Risk Forecasting Software 130

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 137

Uncertainty Cost-Benefit Risk Experimentation 137

CIO Business Intelligence

AUGUST 6, 2024

The incident not only affected the availability of crucial cybersecurity defenses but also laid bare the broader operational risks associated with third-party service dependencies. According to IDC Research, “Downtime continues to cost cloud buyers” (IDC’s Cloud Pulse, 4Q23: Executive Summary, Part II — 2024 Cloud Return on Investment).

Risk Management 111

Risk Management Risk Testing Finance 111

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

OCTOBER 30, 2024

In fact, among surveyed leaders, 74% identified security and compliance risks surrounding AI as one of the biggest barriers to adoption. As data is moved between environments, fed into ML models, or leveraged in advanced analytics, considerations around things like security and compliance are top of mind for many.

Enterprise 139

Enterprise Data Architecture Unstructured Data Insurance 139

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

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.

Consulting 52

Consulting Risk Risk Management Marketing 52

CIO Business Intelligence

OCTOBER 17, 2022

In fact, under DORA, the complexity of the supply chain or the lack of EU presence are both considered risk factors. Financial institutions accustomed to a regulatory environment primarily designed to assess financial risk and stability will now have to take the potential risk posed by their ICT operations just as seriously.

Risk Management 105

Risk Management Risk Enterprise Insurance 105

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

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

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

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

CIO Business Intelligence

SEPTEMBER 17, 2024

Rather, they rely on ad hoc inputs such as IT audits, pentest results, one-time security assessments, risk register analysis, and a general understanding of their program. IDC, 2024 Maturity levels should be applied to the individual security program processes. This typically consists of defining four or five levels.

Measurement 111

Measurement Metrics Risk Dashboards 111

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

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

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. Generative AI, Innovation

Manufacturing 98

Manufacturing Sales Risk Management Forecasting 98

CIO Business Intelligence

OCTOBER 15, 2024

Recommendation : CIOs should adopt a risk-informed approach, understanding business, customer, and employee impacts before setting application-specific continuous deployment strategies. Shortchanging end-user and developer experiences Many DevOps practices focus on automation, such as CI/CD and infrastructure as code.

Enterprise 143

Enterprise Testing Business Objectives Experimentation 143

John Wheeler

JANUARY 31, 2021

Regulations were set aside and associated technological and business risks were given low priority to help with the larger effort to “slow the spread” of the virus. They must evaluate the value of their digital initiatives while determining the size of their risk appetite. Cool Vendors in Integrated Risk Management.

Uncertainty 59

Uncertainty Risk Management Risk Forecasting 59

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. You really can’t understand your risk posture if you don’t understand what AI tools you’re using,” she says.

Risk 132

Risk Insurance Interactive Strategy 132

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

IBM Big Data Hub

MAY 8, 2024

The 2024 report showed a 71% increase in valid identities used in cyberattacks year-over-year. The risk of valid identities being used as the entry point by bad actors is expected to continue with the ever-increasing applications and systems being added in today’s hybrid environments. Hackers don’t hack in; they log in.

Risk 80

Risk Cost-Benefit Risk Management Management 80

CIO Business Intelligence

JULY 2, 2024

The rapid proliferation of connected devices and increasing reliance on digital services have underscored the need for comprehensive cybersecurity measures and industry-wide standards to mitigate risks and protect users’ data privacy.

Experimentation 105

Experimentation Digital Transformation Risk Management Risk 105

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. Through an extensive risk analysis , the business partner portfolio is gradually stratified and high-risk business partners are identified for full SCDDA compliance.

Cost-Benefit 96

Cost-Benefit Risk Digital Transformation Risk Management 96

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

IBM Big Data Hub

APRIL 3, 2024

On March 6, 2024, the US Securities and Exchange Commission (SEC) adopted rules to enhance and standardize climate-related disclosures by public companies and in public offerings. IBM offers products that help organizations track and report their environmental impact, and their exposure to climate risk. How can IBM help?

Risk 52

Risk Gap analysis Reporting Risk Management 52

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

OCTOBER 14, 2024

Focused on digitization and innovation and closely aligned with lines of business, some 40% of IT leaders surveyed in CIO.com’s State of the CIO Study 2024 characterize themselves as transformational, while a quarter (23%) consider themselves functional: still optimizing, modernizing, and securing existing technology infrastructure.

Digital Transformation 131

Digital Transformation Experimentation Cost-Benefit Risk 131

Smart Data Collective

APRIL 20, 2023

Businesses will be required to disclose all known and potential risks they face from climate change and how their business operations might impact the climate and society. For fiscal year 2024: organizations that are already under the scope of the NFDR. Take note of which phase applies to your organization.

Reporting 95

Reporting Risk Risk Management Finance 95

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

IBM Big Data Hub

MARCH 4, 2024

In 2024, companies confront significant disruption, requiring them to redefine labor productivity to prevent unrealized revenue, safeguard the software supply chain from attacks, and embed sustainability into operations to maintain competitiveness. Otherwise, the risks become too significant.

Enterprise 96

Enterprise ROI Risk Strategy 96