CIO Business Intelligence

NOVEMBER 19, 2024

A cloud analytics migration project is a heavy lift for enterprises that dive in without adequate preparation. A modern data and artificial intelligence (AI) platform running on scalable processors can handle diverse analytics workloads and speed data retrieval, delivering deeper insights to empower strategic decision-making.

Analytics 97

Analytics Cost-Benefit Finance Data-driven 97

CIO Business Intelligence

JULY 23, 2024

Call it survival instincts: Risks that can disrupt an organization from staying true to its mission and accomplishing its goals must constantly be surfaced, assessed, and either mitigated or managed. While security risks are daunting, therapists remind us to avoid overly stressing out in areas outside our control.

Risk 142

Risk IT Risk Management Cost-Benefit 142

CIO Business Intelligence

OCTOBER 30, 2024

They may implement AI, but the data architecture they currently have is not equipped, or able, to scale with the huge volumes of data that power AI and analytics. This requires greater flexibility in systems to better manage data storage and ensure quality is maintained as data is fed into new AI models.

Enterprise 139

Enterprise Data Architecture Unstructured Data Insurance 139

IBM Big Data Hub

OCTOBER 9, 2023

Unified endpoint management (UEM) and medical device risk management concepts go side-by-side to create a robust cybersecurity posture that streamlines device management and ensures the safety and reliability of medical devices used by doctors and nurses at their everyday jobs.

Risk Management 76

Risk Management Risk Management Measurement 76

Smart Data Collective

JUNE 19, 2022

AI is particularly helpful with managing risks. Many suppliers are finding ways to use AI and data analytics more effectively. How AI Can Help Suppliers Manage Risks Better. Failure or Delay Risk. Failure to deliver goods is one of the most common risks businesses have suffered over the past two years.

Risk 144

Risk Cost-Benefit Risk Management Manufacturing 144

Smart Data Collective

AUGUST 19, 2023

Data analytics technology has significantly improved the state of finance. The financial analytics market size was worth $7.99 We have talked about some of the many ways that data analytics technology is changing the state of finance. Risk is an ever-present companion in the world of finance. billion by 2030.

Risk 98

Risk Data Analytics Analytics Finance 98

bridgei2i

NOVEMBER 20, 2020

Episode 2: AI enabled Risk Management for FS powered by BRIDGEi2i Watchtower. AI enabled Risk Management for FS powered by BRIDGEi2i Watchtower. Today the Chief Risk Officers(CROs) struggle with the critical task of monitoring and assessing key risks in real time and firefight to mitigate any critical issues that arise.

Risk Management 92

Risk Management Risk Management Metrics 92

O'Reilly on Data

JULY 15, 2019

After the 2008 financial crisis, the Federal Reserve issued a new set of guidelines governing models— SR 11-7 : Guidance on Model Risk Management. Note that the emphasis of SR 11-7 is on risk management.). Sources of model risk. Model risk management. AI projects in financial services and health care.

Machine Learning 51

Machine Learning Management Enterprise Risk Management 51

CIO Business Intelligence

JANUARY 21, 2025

CIOs feeling the pressure will likely seek more pragmatic AI applications, platform simplifications, and risk management practices that have short-term benefits while becoming force multipliers to longer-term financial returns. CIOs should consider placing these five AI bets in 2025.

Cost-Benefit 142

Cost-Benefit Data-driven Strategy Marketing 142

CIO Business Intelligence

JANUARY 14, 2025

And the Global AI Assessment (AIA) 2024 report from Kearney found that only 4% of the 1,000-plus executives it surveyed would qualify as leaders in AI and analytics. Whats our risk tolerance, and what safeguards are necessary to ensure safe, secure, ethical use of AI? As part of that, theyre asking tough questions about their plans.

Strategy 141

Strategy ROI Experimentation Risk 141

Teradata

APRIL 26, 2022

Managing the new class of emerging risks requires infusing the principles of resiliency and efficient risk analytics into traditional risk management frameworks.

Risk 97

Risk Risk Management Management Analytics 97

CIO Business Intelligence

MARCH 19, 2025

There are risks around hallucinations and bias, says Arnab Chakraborty, chief responsible AI officer at Accenture. Mitre has also tested dozens of commercial AI models in a secure Mitre-managed cloud environment with AWS Bedrock. And EY uses AI agents in its third-party risk management service.

Software 143

Software Risk Enterprise Cost-Benefit 143

CIO Business Intelligence

JANUARY 21, 2025

Perhaps one of the most anticipated applications of AI in cybersecurity is in the realm of behavioral analytics and predictive analysis. These AI-driven insider threat behavioral analytics systems have been shown to detect 60% of malicious insiders under a 0.1% Theres also the risk of over-reliance on the new systems.

Behavioral Analytics 122

Behavioral Analytics Data-driven Risk Insurance 122

Domino Data Lab

AUGUST 6, 2021

Model Risk Management is about reducing bad consequences of decisions caused by trusting incorrect or misused model outputs. Systematically enabling model development and production deployment at scale entails use of an Enterprise MLOps platform, which addresses the full lifecycle including Model Risk Management.

Risk Management 64

Risk Management Risk Modeling Enterprise 64

Alation

JANUARY 9, 2023

Alation joined with Ortecha , a data management consultancy, to publish a white paper providing insights and guidance to stakeholders and decision-makers charged with implementing or modernising data risk management functions. The Increasing Focus On Data Risk Management. Download the complete white paper now.

Risk Management 52

Risk Management Risk Management Metadata 52

CIO Business Intelligence

MARCH 19, 2025

For leaders searching for ways to maximize the value of their mainframe data, a number of advances in areas including artificial intelligence (AI), cloud computing, and data management can help make leveraging data easier. Those leaders identified the ability to build out new analytical capabilities as the top use case for this data.

Analytics 52

Analytics Enterprise Risk Management Strategy 52

Cloudera

JULY 15, 2021

We recently hosted a roundtable focused on o ptimizing risk and exposure management with data insights. For financial institutions and insurers, risk and exposure management has always been a fundamental tenet of the business. Now, risk management has become exponentially complicated in multiple dimensions. .

Risk 100

Risk Optimization Management Insurance 100

TDAN

APRIL 6, 2021

There are also emerging concerns about the ways that big data analytics potentially influence and bias automated decision-making. Individuals are starting to pay attention to organizational vulnerabilities that compound risks associated with managing, protecting, and enabling access […].

Risk Management 64

Risk Management Risk Management Big Data 64

Smart Data Collective

JUNE 23, 2022

In light of this, industry experts are using analytics to streamline production and minimize waste to address these challenges. Here’s an in-depth look into analytics and its role in the automotive sector. Each aspect of the automotive workflow has its respective form of analytics. Risk Management. Quality Control.

Analytics 132

Analytics Manufacturing Internet of Things Advertising 132

Cloudera

JUNE 29, 2023

To ensure the stability of the US financial system, the implementation of advanced liquidity risk models and stress testing using (MI/AI) could potentially serve as a protective measure. To improve the way they model and manage risk, institutions must modernize their data management and data governance practices.

Data Architecture 85

Data Architecture Risk Management Risk Management 85

Sisense

JANUARY 7, 2022

As businesses adapt to the pandemic and shift to new norms, risk mitigation strategies have become as normal and ubiquitous as having a fire escape in the office. Smarter, AI-driven learning and development initiatives will help mitigate risk in our rapidly evolving world. Minimising risk by ‘infusing’ AI. ” Anna adds.

Risk Management 52

Risk Management Risk Management Dashboards 52

Smart Data Collective

JULY 16, 2023

We mentioned that data analytics is vital to marketing , but it is affecting many other industries as well. The market for financial analytics was worth $8.2 The market for financial analytics was worth $8.2 We will talk about some of the biggest ways that big data is changing the future of risk management among hedge funds.

ROI 97

ROI Data Analytics Analytics Risk Management 97

Smart Data Collective

AUGUST 31, 2023

Data analytics has had a tremendous impact on the financial sector in recent years. Therefore, it should be no surprise that the market for financial analytics is projected to be worth nearly $19 billion by 2030. There are a ton of great benefits of using data analytics in finance.

ROI 124

ROI Data Analytics Analytics Risk 124

Cloudera

FEBRUARY 4, 2021

Financial services institutions need the ability to analyze and act on massive volumes of data from diverse sources in order to monitor, model, and manage risk across the enterprise. They need a comprehensive data and analytics platform to model risk exposures on-demand. Cloudera is that platform.

Risk 88

Risk Marketing Technology Management 88

Smart Data Collective

JUNE 3, 2021

Analytics technology is becoming integral to the field of finance. The market for financial analytics services is projected to be worth over $11 billion within the next five years. Analytics is particularly important for developing strategic financial management policies. Role of Analytics in Strategic Financial Planning.

Management 124

Management Analytics Finance Analytics Technologies 124

John Wheeler

NOVEMBER 25, 2020

Integrated risk management (IRM) technology is uniquely suited to address the myriad of risks arising from the current crisis and future COVID-19 recovery. Re-starting business operations will require risk visibility not only across the organization but vertically down through the organization as well. Key Findings.

Marketing 110

Marketing Risk Management Risk Digital Transformation 110

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 204

Cost-Benefit Risk Forecasting Software 204

Smart Data Collective

JUNE 26, 2019

The insurance industry is based on the idea of managing risk. To determine this risk, the industry must consult data and see what trends are evident to draft their risk profiles. The twenty-first century offers a lot of exciting innovations when it comes to data processing and analytics.

Insurance 110

Insurance Data Analytics Analytics Big Data 110

Smart Data Collective

MAY 8, 2022

Big data, analytics, and AI all have a relationship with each other. For example, big data analytics leverages AI for enhanced data analysis. Brands are closely working to solve this as they dive deep into the world of big data analytics. What is the relationship between big data analytics and AI? Business analytics.

Big Data 122

Big Data Data Analytics Analytics Cost-Benefit 122

Smart Data Collective

SEPTEMBER 17, 2020

Nowadays, terms like ‘Data Analytics,’ ‘Data Visualization,’ and ‘Big Data’ have become quite popular. Data analytics are now very crucial whenever there is a decision-making process involved. Analytics and big data play a critical role when it comes to the financial industry. Perks Associated with Big Data.

Big Data 145

Big Data Finance Risk Management Risk 145

Cloudera

MAY 18, 2021

With Flink SQL, business analysts, developers, and quants alike can quickly build a streaming pipeline to perform complex data analytics in real time. Value-at-Risk (VaR) is a widely used metric in risk management. This practice was prevalent in risk management ever since JP Morgan invented VaR in the 1980s.

Risk 99

Risk Marketing Risk Management Data-driven 99

Smart Data Collective

JUNE 24, 2021

Data analytics has dramatically upended our lives. One of the biggest implications of data analytics technology in the 21st Century is that it has led to a number of new cybersecurity solutions. More cybersecurity professionals are employing it as they discover the importance of data analytics in stopping cyberattacks.

Data Analytics 122

Data Analytics Analytics Internet of Things Measurement 122

CIO Business Intelligence

JANUARY 6, 2025

They protect customers, preserve systemic integrity, and help mitigate risks of financial crises. These regulations mandate strong risk management and incident response frameworks to safeguard financial operations against escalating technological threats.

Risk Management 52

Risk Management Risk Insurance Reporting 52

Cloudera

MARCH 28, 2019

Simulation for mortgage analytics solution. If we look back a decade at Northern Rock, do you think that we’ve actually learned the lessons from that in terms of our analytics and what we’re doing in financial institutions? They also fail to model the effects of fear and the risk of contagion. Risk management 3.0.

Risk 74

Risk Management Risk Management Machine Learning 74

Decision Management Solutions

APRIL 23, 2019

, in which he states there are only three levers of value in insurance: Sell More, Manage Risk Better (aka underwriting and adjusting), and Cost Less to Operate. Let’s dive into greater detail on the second lever – Manage Risk Better. Insurers can also manage risk more effectively through continuous improvement.

Insurance 69

Insurance Risk Technology Management 69

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

Cloudera

MAY 30, 2024

In this context, Cloudera and TAI Solutions have partnered to help financial services customers accelerate their data-driven transformation, improve customer centricity, ensure compliance with regulations, enhance risk management, and drive innovation. Regulation and risk are a big focus for financial institutions.

Data Analytics 81

Data Analytics Risk Management Analytics Digital Transformation 81