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For Kevin Torres, trying to modernize patient care while balancing considerable cybersecurity risks at MemorialCare, the integrated nonprofit health system based in Southern California, is a major challenge. They also had to retrofit some older solutions to ensure they didn’t expose the business to greater risks.
All this while CIOs are under increased pressure to deliver more competitive capabilities, reduce security risks, connect AI with enterprise data, and automate more workflows — all areas where architecture disciplines have a direct role in influencing outcomes.
Riskmanagement practices such as in-person meetings for underwriting, determining creditworthiness, and signing loan documents shifted to online channels. Both must coexist because businesses have invested in traditional technologies, which cannot sit idle. Adapting to change.
Land operations such as loading/unloading of boats as well as other related businessservices were halted for days while the technology groups worked to remedy the situation. So, how can these emerging risks be managed to limit the amount of business disruption?
The top CEO priorities for IT leadership also revealed a growing desire to align years of technology investment with operational excellence while ensuring digital initiatives are running on all cylinders and delivering the proper business outcomes. Only 10% of respondents turn to the CIO for the sole purpose of risk assessment.
Moni: So, despite the varying degrees of lockdowns across different countries, largely industries such as aviation, entertainment, hospitality, non-essential retail, and a lot of manufacturing are simply not doing much business because people are at home. So, recovery might also be varied in different countries. Every aspect of life.
For highly regulated industries, these challenges take on an entirely new level of expectation as they navigate evolving regulatory landscape and manage requirements for privacy, resiliency, cybersecurity, data sovereignty and more. This includes cyber incidents, technology failures, natural disasters and more. Similarly, in the U.S.
They protect customers, preserve systemic integrity, and help mitigate risks of financial crises. These regulations mandate strong riskmanagement and incident response frameworks to safeguard financial operations against escalating technological threats.
DORA has several objectives, including to comprehensively address information and communications technology (ICT) riskmanagement in the financial services sector and harmonize the ICT riskmanagement regulations that already exist in individual EU member states.
It automated and streamlined complex workflows, thereby reducing the risk of errors and enabling analysts to concentrate on more strategic tasks. Its AI/ML-driven predictive analysis enhanced proactive threat hunting and phishing investigations as well as automated case management for swift threat identification.
Another benefit is greater riskmanagement. Using digitized processes ensures visibility, transparency, and adherence to process, often with service levels and quality assurance steps,” Reis says.
BMC HelixGPT Vulnerability Resolver is an AI assistant within BMC Helix AIOps and Observability that helps SecOps teams quickly address vulnerabilities through risk and impact analysis, task automation, and remediation recommendations. See the BMC HelixGPT Vulnerability Resolver demo to learn agentic AI in action.
AIOps can help you deliver IT optimization with the bonus of automation The right artificial intelligence for IT operations (AIOps) solutions in your environment can help make sense of the mountain of data coming in from observability tools, and even automate issue remediations at the service level.
Even though Nvidia’s $40 billion bid to shake up enterprise computing by acquiring chip designer ARM has fallen apart, the merger and acquisition (M&A) boom of 2021 looks set to continue in 2022, perhaps matching the peaks of 2015, according to a report from riskmanagement advisor Willis Towers Watson.
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