CIO Business Intelligence

DECEMBER 28, 2023

The need to manage risk, adhere to regulations, and establish processes to govern those tasks has been part of running an organization as long as there have been businesses to run. Furthermore, the State of Risk & Compliance Report, from GRC software maker NAVEX, found that 20% described their programs as early stage. What is GRC?

Risk 115

Risk Risk Management Strategy Enterprise 115

Cloudera

OCTOBER 20, 2021

As part of these efforts, disclosure requirements will mandate that firms provide “the impact of a company’s activities on the environment and society, as well as the business and financial risks faced by a company due to its sustainability exposures.” What are the key climate risk measurements and impacts? Generate Scenarios.

Risk 85

Risk Modeling Risk Management Measurement 85

CIO Business Intelligence

SEPTEMBER 5, 2024

The country’s Industry and Science Minister, Ed Husic, on Thursday, introduced ten voluntary AI guidelines and launched a month-long consultation to assess whether these measures should be made mandatory in high-risk areas. Businesses also called for clearer guidelines to confidently capitalize on the opportunities AI offers.

Consulting 124

Consulting Risk Measurement Finance 124

DataKitchen

NOVEMBER 27, 2024

For example, metrics like the percentage of missing values help measure completeness, while deviations from authoritative sources gauge accuracy. For instance, a bank might use a CDE dashboard to monitor the accuracy of customer credit scores, which are vital for regulatory compliance and effective risk modeling.

Data Quality 219

Data Quality Dashboards Metrics Cost-Benefit 219

IBM Big Data Hub

SEPTEMBER 13, 2023

The role of attack surface management in data breach containment Despite employing an arsenal of cybersecurity measures to protect sensitive data, many organizations find themselves in a relentless race against time, as they strive to bridge the gap between the moment a data breach occurs and when it is effectively contained.

Risk 93

Risk Management Strategy Measurement 93

Smart Data Collective

SEPTEMBER 28, 2021

Moreover, with the help of an AI development company , businesses can avoid unforeseen downtime, increase operational productivity, develop new services and products, and boost risk control. The following elucidates the same: l Improved Protective Measures. l Improved Risk Management. Benefits of AI and IoT in Businesses.

IoT 140

IoT Internet of Things Cost-Benefit Consulting 140

IBM Big Data Hub

APRIL 25, 2023

Environmental, Social, and Governance (ESG) risk management has emerged as a critical aspect of business strategy for companies worldwide. However, 57% of CEOs admit that defining and measuring the Return on Investment (ROI) and economic benefits of their sustainability efforts remain a significant challenge. Conduct ESG assessments.

Risk Management 78

Risk Management Risk Management Metrics 78

CIO Business Intelligence

MARCH 16, 2022

“Leaders tend to focus on the vision of the future state, and project teams tend to focus on sharing their new great idea,” says Matt Mead, CTO at SPR Consulting. and ‘What is the risk of not changing?’”. To that end, his technology organization is hyper-focused on measuring and reporting on its performance.

Management 143

Management Measurement Metrics Consulting 143

CIO Business Intelligence

NOVEMBER 19, 2024

Generative AI (GenAI) is rapidly emerging as a game changer for enterprises, but turning its potential into measurable value remains a significant challenge. Intellectual property risks Failing: GenAI can inadvertently use copyrighted material, leading to legal complications.

Consulting 137

Consulting Cost-Benefit Experimentation Optimization 137

CIO Business Intelligence

DECEMBER 3, 2024

The US has announced sweeping new measures targeting China’s semiconductor sector, restricting the export of chipmaking equipment and high-bandwidth memory. Lam Research has said on its website that its initial assessment suggests the impact of the newly announced measures on its business will align largely with its earlier expectations.

Manufacturing 121

Manufacturing Measurement Technology Marketing 121

CIO Business Intelligence

DECEMBER 12, 2024

With the rapid rise of AI, especially GenAI, clients are evaluating risks from partner or vendor use of AI. CIOs and organizations are advised to consider how these risks may impact their operations and security and create contractual terms to address them. They are demanding clear assurances on how AI-related risks are mitigated.

Risk 59

Risk Risk Management Consulting Measurement 59

CIO Business Intelligence

AUGUST 30, 2023

In my previous column in May, when I wrote about generative AI uses and the cybersecurity risks they could pose , CISOs noted that their organizations hadn’t deployed many (if any) generative AI-based solutions at scale. Today, it is, as they create a mysterious new risk and attack surface to defend against.

Enterprise 132

Enterprise Risk Measurement Software 132

CIO Business Intelligence

OCTOBER 16, 2023

PCI DSS compliance is a robust defense that significantly mitigates the risks involved with all three. Cybersecurity experts at Verizon Consulting Services draw on hands-on experience in solving payment card security challenges dating back to the formation of the PCI security regulation in 2002.

Gap analysis 128

Gap analysis Consulting Risk Measurement 128

CIO Business Intelligence

MAY 22, 2024

The signatories agreed to publish — if they have not done so already — safety frameworks outlining on how they will measure the risks of their respective AI models. The risks might include the potential for misuse of the model by a bad actor, for instance. So, in a way, it is a step towards ethical AI.”

Risk Management 122

Risk Management Risk Publishing Modeling 122

datapine

MAY 2, 2023

According to studies, 92% of data leaders say their businesses saw measurable value from their data and analytics investments. In other words, UPS found that turning into oncoming traffic was causing a lot of delays, wasted fuel, and increased safety risk. Your Chance: Want to test a professional logistics analytics software?

Big Data 275

Big Data Internet of Things Cost-Benefit Optimization 275

O'Reilly on Data

MARCH 20, 2019

Like many others, I’ve known for some time that machine learning models themselves could pose security risks. And at many companies, many different employees, consultants, and contractors have just that—and with little oversight. Data poisoning attacks have also been called “causative” attacks.)

Modeling 225

Modeling Machine Learning Predictive Modeling Consulting 225

CIO Business Intelligence

SEPTEMBER 26, 2023

Management rules typically exist to enable faultless decision-making, set a foundation for consistent operation, and provide protection from risk, observes Ola Chowning, a partner at global technology research and advisory firm ISG. Breaking a rule often happens after the CIO weighs the risk of removing or retaining a mandate,” she notes.

IT 141

IT Risk Cost-Benefit Consulting 141

IBM Big Data Hub

DECEMBER 8, 2023

.” This same sentiment can be true when it comes to a successful risk mitigation plan. The only way for effective risk reduction is for an organization to use a step-by-step risk mitigation strategy to sort and manage risk, ensuring the organization has a business continuity plan in place for unexpected events.

Risk 67

Risk Strategy Risk Management Insurance 67

CIO Business Intelligence

AUGUST 6, 2024

This article explores the lessons businesses can learn from the CrowdStrike outage and underscores the importance of proactive measures like performing a business impact assessment (BIA) to safeguard operations against similar disruptions. This helps mitigate risks and ensures accountability.

Risk Management 111

Risk Management Risk Testing Finance 111

CIO Business Intelligence

DECEMBER 5, 2024

Combined with an April IDC survey that found organizations launching an average of 37 AI POCs, the September survey suggests many CIOs have been throwing the proverbial spaghetti at the wall to see what sticks, says Daniel Saroff, global vice president for consulting and research services at IDC.

Metrics 124

Metrics Uncertainty Consulting KPI 124

datapine

MARCH 8, 2021

Healthcare specialist Kaiser Permanente, for example, leveraged healthcare reporting to assess, survey, and analyze patients that were at the biggest risk of a potential suicide attempt, discovering that the top 1% of patients flagged were 200 times more likely to take their own life. Cutting down unnecessary costs.

Reporting 198

Reporting KPI Management Cost-Benefit 198

CIO Business Intelligence

SEPTEMBER 6, 2023

The discussions address changing regulatory and compliance requirements, and reveal vulnerabilities and threats for risk mitigation.” Ongoing IT security strategy conversations should address the organization’s cyber risk and arrive at strategic objectives, Albrecht says. Do we address cyber scenarios to the extent that we should?

IT 142

IT ROI Risk Strategy 142

Smart Data Collective

OCTOBER 31, 2022

As the Internet of Things becomes increasingly instrumental in the workplace, company and consumer data risk grow. While most business owners understand the importance of implementing cybersecurity measures in the workplace, many are unaware of industry or location-based regulations that may apply to their organization.

Internet of Things 126

Internet of Things IoT Risk Measurement 126

CIO Business Intelligence

JUNE 21, 2022

Governance should be designed with adaptability in mind to ensure IT remains in alignment with business objectives, continually providing value while effectively safeguarding the organization against potential risks, Bales says. Poor risk planning. Insufficient operational visibility.

IT 116

IT Risk Measurement Risk Management 116

datapine

JANUARY 24, 2021

Once you have your data analytics questions, you need to have some standard KPIs that you can use to measure them. OK – so far, you’ve picked out some data analysis questions, and you’ve found KPIs to measure them. There are basically 4 types of scales: *Statistics Level Measurement Table*. Did the best according to what?

IT 317

IT Statistics KPI Data-driven 317

CIO Business Intelligence

OCTOBER 29, 2024

When addressed properly , application and platform modernization drives immense value and positions organizations ahead of their competition, says Anindeep Kar, a consultant with technology research and advisory firm ISG. Kar advises taking a measured approach to system modernization.

IT 139

IT Cost-Benefit Strategy Risk 139

IBM Big Data Hub

MARCH 15, 2024

When a client is not able to properly visualize all applications and their underlying dependencies properly, they risk experiencing diminished reliability. The IBM Consulting Cloud Accelerator also provided a detailed discovery of mainframe applications.

Consulting 89

Consulting Cost-Benefit Risk Measurement 89

CIO Business Intelligence

SEPTEMBER 3, 2024

I become downright feral when academics and consultants who have never walked a step in the shoes of digital practitioners question whether IT matters. We need to fix how IT value is measured Most organizations are pretty good at measuring how much is being spent on IT — aka, the inputs. I blamed IT’s value problem on users.

Cost-Benefit 128

Cost-Benefit Measurement Advertising Statistics 128

CIO Business Intelligence

OCTOBER 24, 2024

AI projects without clear goals or measurable outcomes are unlikely to deliver real value. The long-term impact is even more worrying — companies risk falling behind competitors who are implementing AI strategically. Some AI projects may get dumped , but the big risk for many organizations is not adopting AI, he says.

IT 138

IT Experimentation Measurement Risk 138

CIO Business Intelligence

MAY 28, 2024

OpenAI’s creation of a new safety committee at board level follows a string of departures and bad publicity around the company’s attitude to safety, including the dispersal of a “superalignment” team focused on long-term risks led by ex-chief-scientist Ilya Sutskever, who left the company two weeks ago. He’s not alone in that believe.

Risk 116

Risk Risk Management Consulting Modeling 116

CIO Business Intelligence

NOVEMBER 23, 2022

By working closely with them, IT leaders can become more dynamic, proactive, self-determining, self-regulated, flexible, strong, robust, and resilient,” says Dr Suresh A Shan, a technology consultant with Mumbai-based rural non-banking financial company Mahindra & Mahindra Financial Services.

Risk 128

Risk Consulting Enterprise Technology 128

Juice Analytics

JULY 25, 2021

Cherry-picked data points like these risk making your audience suspicious. Rather than leading with the features and capabilities, their sales leaders are more focused on consultative selling. And the measure of success is how you’ve enhanced their confidence in you as an expert. It could be better with data storytelling.

Sales 140

Sales Data-driven Consulting Measurement 140

CIO Business Intelligence

MAY 22, 2024

The concern about calculating the ROI also rings true to Stuart King, CTO of cybersecurity consulting firm AnzenSage and developer of an AI-powered risk assessment tool for industrial facilities. The value of the chatbot tool for service technicians will be easier to measure, he says.

ROI 143

ROI IT Measurement Cost-Benefit 143

CIO Business Intelligence

JULY 9, 2024

According to Ikea, Billie has handled over 47% of customer inquiries during the past two years, freeing up nearly 10,000 call center workers to gain new skills, including those of interior design advisors to help provide consultations for customers.

Metrics 139

Metrics Measurement Consulting Technology 139

O'Reilly on Data

NOVEMBER 26, 2024

But making vocational skills and assessment priorities risks letting grades become a motivating factor, and that is counterproductive. Skipping the math, here’s an intuitive description of TF-IDF: Term Frequency (TF): Measures how frequently a word (or skill, in this case) appears within a document or job posting.

B2B 201

B2B Consulting Machine Learning Data-driven 201

CIO Business Intelligence

AUGUST 1, 2023

So basically, they made available to us their server platforms, their DevOps platform, and then consulting to help us use those things,” says Dr. Troy. Our measure of success is that nearly two dozen instances of ILDA have been created to date,” says Tepe.

Risk 98

Risk IT Software Digital Transformation 98

CIO Business Intelligence

OCTOBER 15, 2024

For example, a company aiming for market expansion might focus on developing scalable infrastructure, enabling application localization, and enhancing security measures to support operations in new regions. Defining metrics to measure success helps track progress and evaluate the impact of the initiatives.

Strategy 133

Strategy Gap analysis IT Consulting 133