CIO Business Intelligence

DECEMBER 18, 2024

This year saw emerging risks posed by AI , disastrous outages like the CrowdStrike incident , and surmounting software supply chain frailties , as well as the risk of cyberattacks and quantum computing breaking todays most advanced encryption algorithms. Of these, AI is at the top of many CIOs minds.

Risk 105

Risk Risk Management Cost-Benefit Measurement 105

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 15, 2024

In addition, Wong noted, the 24 AI Safety and Security Board members, who represent a who’s who in AI, are probably not the best people to ask how to implement an AI risk management system. Hopefully, we will see this framework continue to evolve.”

Risk 119

Risk Risk Management Strategy Software 119

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

SEPTEMBER 10, 2024

Managing cybersecurity and other technology risks will be top of mind for CIOs in 2025 across Australia and New Zealand (ANZ), with 82% of 109 respondents saying it is a key priority for next year, according to Gartner.

Uncertainty 132

Uncertainty Risk Management Risk Management 132

CIO Business Intelligence

MAY 24, 2024

A variety of roles in the enterprise require or benefit from a GRC certification, such as chief information officer, IT security analyst, security engineer architect, information assurance program manager, and senior IT auditor , among others.

Risk 119

Risk Risk Management Management Enterprise 119

CIO Business Intelligence

MAY 20, 2024

Data privacy, compliance, and risk management Similarly, CIOs foresee themselves becoming more deeply involved in three areas closely related to cybersecurity: data privacy, compliance, and risk management. Risk management came in at No. Foundry / CIO.com 3. For Rev.io

IT 142

IT Risk Management Machine Learning Risk 142

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.

Business Intelligence 52

Business Intelligence Software Data-driven Predictive Modeling 52

David Menninger's Analyst Perspectives

OCTOBER 15, 2024

In other words, enterprises are willing to pay for productivity gains that clearly generate revenue and easily achieve cost savings or reduce risk.

Cost-Benefit 204

Cost-Benefit Risk Forecasting Software 204

CIO Business Intelligence

APRIL 10, 2025

Energy use has become an important expense to monitor as well, along with more traditional IT costs and risk management. Frameworks that provide visibility into our IT spending and its business impact allow us to make more informed, strategic decisions.

ROI 100

ROI Optimization Risk Management Forecasting 100

CIO Business Intelligence

NOVEMBER 19, 2024

Their collaboration enables real-time delivery of insights for risk management, fraud detection, and customer personalization. Intel’s cloud-optimized hardware accelerates AI workloads, while SAS provides scalable, AI-driven solutions.

Analytics 97

Analytics Cost-Benefit Finance Data-driven 97

CIO Business Intelligence

JULY 23, 2024

Security and data governance is a growing challenge, and 61% of companies reported a third-party data breach or security incident, a 49% increase over the last year, according to The 2024 Third-Party Risk Management Study. “Be

Risk 142

Risk IT Risk Management Cost-Benefit 142

CIO Business Intelligence

JANUARY 14, 2025

Not all organizations are there yet, though: Data governance research from Lumenalta , which delivers custom digital solutions, found that only 33% of organizations have implemented proactive risk management strategies for AI governance. Am I engaging with the business to answer questions?

Strategy 141

Strategy ROI Experimentation Risk 141

CIO Business Intelligence

JANUARY 14, 2025

Similarly, modern architecture must enable: A/B testing of new features Canary releases for risk management Multiple service versions running simultaneously Hypothesis-driven development A key element of evolutionary architecture is the use of fitness functions automated checks that continuously validate architecture against desired qualities.

Enterprise 119

Enterprise Technology Metrics Measurement 119

CIO Business Intelligence

JANUARY 21, 2025

As the Global CISO at Synechron, a leading global digital transformation consulting firm, Aaron Momin is accountable and responsible for cyber risk management, information security, crisis management and business continuity planning.

Behavioral Analytics 122

Behavioral Analytics Data-driven Risk Insurance 122

CIO Business Intelligence

DECEMBER 10, 2024

To drive gen-AI top-line revenue impacts, CIOs should review their data governance priorities and consider proactive data governance and dataops practices that go beyond risk management objectives.

Sales 143

Sales Metrics Data-driven Measurement 143

CIO Business Intelligence

JANUARY 6, 2025

These regulations mandate strong risk management and incident response frameworks to safeguard financial operations against escalating technological threats. DORA mandates explicit compliance measures, including resilience testing, incident reporting, and third-party risk management, with non-compliance resulting in severe penalties.

Risk Management 52

Risk Management Risk Insurance Reporting 52

CIO Business Intelligence

JUNE 5, 2024

Close behind: data analytics and business intelligence projects as well as cybersecurity. Such “cool stuff” includes focusing on digital transformation efforts, which was the number one project respondents said they’d spend more time on.

IT 111

IT Digital Transformation Risk Management Data-driven 111

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.”

Consulting 120

Consulting Risk Risk Management Marketing 120

CIO Business Intelligence

JANUARY 2, 2024

What CIOs need to do instead is to present IT infrastructure investment as an important corporate financial and risk management issue that the business can’t afford to ignore. From a financial and risk management standpoint, the building is a useless (and hazardous) asset that must be written off the books and remedied.

Risk 128

Risk IT Risk Management Sales 128

CIO Business Intelligence

NOVEMBER 4, 2024

Myrddin has also freed up teams to focus on risk management and strategic planning instead of getting slowed down by repetitive manual compliance checks.” “The ease-of-use has decreased the downtime that comes with manual reviews while improving response times as the AI learns.

Dashboards 115

Dashboards Risk Risk Management Data-driven 115

CIO Business Intelligence

SEPTEMBER 10, 2024

If the CrowdStrike outage underscored anything for CIOs, it’s that modern enterprises are dependent on a growing number of interconnected systems, any one of which can cripple business operations beyond CIOs’ control. Although not implemented yet, we will be making it part of our vendor management and selection processes.

Risk Management 130

Risk Management Risk Enterprise Insurance 130

Octopai

JANUARY 19, 2020

Here’s a sampling: – Principle 1 covers data governance, including “a firm’s policies on data confidentiality, integrity, and availability, as well as risk-management policies.”. – Principles 7-11 include risk reporting, including the comprehensiveness, timeliness, usefulness, and accuracy of risk management reports. .

Metadata 89

Metadata Risk Management Business Intelligence Data Governance 89

CIO Business Intelligence

APRIL 30, 2025

The cross-functional risk management team is also essential because you dont want to jeopardize your entire business over an AI pilot. The second is having connective tissue between the technology, operating, cyber, and legal teams to create a compliance structure required to deploy AI solutions with the proper safeguards.

Strategy 82

Strategy Data Science Modeling Risk Management 82

CIO Business Intelligence

MARCH 18, 2024

The regulation requires EU financial entities and their critical ICT providers to adopt comprehensive information and communications technology (ICT) risk management capabilities into their security processes. So, with no time to waste, where should they get started? Is your IT security infrastructure ready for future regulations?

Risk Management 120

Risk Management Insurance Risk Testing 120

CIO Business Intelligence

FEBRUARY 21, 2025

When this review finally occurred and identified key issues, its findings were ignored, highlighting a systemic failure in the councils risk management approach, the report added. There are multiple reports including one from a manager at BCC highlighting the discrepancies at the Council, way back in June 2023.

Reporting 90

Reporting Risk Testing Risk Management 90

CIO Business Intelligence

MAY 22, 2024

The Frontier commitments also enables “organizations to determine their own thresholds for risk,” which may not potentially be as effective as setting them at a higher level as another of these attempts to regulate AI safety — the EU AI Act — does, noted Maria Koskinen, AI Policy Manager at AI governance technology vendor Saidot.

Risk Management 122

Risk Management Risk Publishing Modeling 122

CIO Business Intelligence

DECEMBER 20, 2024

As concerns about AI security, risk, and compliance continue to escalate, practical solutions remain elusive. as AI adoption and risk increases, its time to understand why sweating the small and not-so-small stuff matters and where we go from here.

Risk 105

Risk Measurement Interactive Modeling 105

CIO Business Intelligence

JUNE 6, 2024

The template, it said, covers common policy and governance functions and processes, including data management, risk management and procurement, “enabling enterprises to more readily integrate AI-specific guidance from the NIST AI Risk Management Framework ( RMF ) and ISO/IEC 42001.” The NIST framework, introduced early (..)

Risk Management 131

Risk Management Risk Data-driven Consulting 131

CIO Business Intelligence

MARCH 19, 2025

And EY uses AI agents in its third-party risk management service. Our risk assessors do that work, spending up to 50 hours on one vendor, poring over contracts and other documents to produce a report that calls out risks we observe.

Software 143

Software Risk Enterprise Cost-Benefit 143

AWS Big Data

FEBRUARY 1, 2024

Regulators have placed an increased focus to both protect the consumer through transaction reporting (typically T+1, meaning 1 business day after the trade date) and increase transparency into markets via near-real-time trade reporting requirements. The query to generate this chart has similar performance metrics as the preceding chart.

Data Warehouse 134

Data Warehouse Dashboards Risk Management Risk 134

CIO Business Intelligence

OCTOBER 30, 2023

In addition, whereas resilience is a risk management strategy, adaptability is both a risk management and an innovation strategy. The philosophy behind adaptive systems is more about innovation than risk management.

Digital Transformation 143

Digital Transformation Risk Management IoT Cost-Benefit 143

CIO Business Intelligence

APRIL 10, 2024

Cyber GRC software company Cypago has announced a new automation solution for artificial intelligence (AI) governance, risk management and compliance. This includes implementation of NIST AI RMF and ISO/IEC 42001, the newest AI security and governance frameworks.

Risk Management 119

Risk Management Cost-Benefit Risk Measurement 119

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 115

Risk Risk Management Strategy Enterprise 115

CIO Business Intelligence

NOVEMBER 21, 2023

After all, 41% of employees acquire, modify, or create technology outside of IT’s visibility , and 52% of respondents to EY’s Global Third-Party Risk Management Survey had an outage — and 38% reported a data breach — caused by third parties over the past two years.

IT 137

IT Risk Cost-Benefit Data Science 137

CIO Business Intelligence

JANUARY 6, 2025

Artificial intelligence (AI) is no longer the stuff of science fiction; its here, influencing everything from healthcare to hiring practices. But as with any transformative technology, AI comes with risks chief among them, the perpetuation of biases and systemic inequities.

IT 124

IT Risk Technology Testing 124

CIO Business Intelligence

MAY 9, 2024

Equally important, a CAIO should have knowledge of risk management principles and regulatory compliance requirements related to AI. For Mark McCreary, CAIO, CSO, and partner at Fox Rothschild , a national law firm with approximately 1,000 attorneys, data management expertise is crucial.

Risk Management 138

Risk Management Cost-Benefit Risk Technology 138