CIO Business Intelligence

MAY 17, 2022

Even if the AI apocalypse doesn’t come to pass, shortchanging AI ethics poses big risks to society — and to the enterprises that deploy those AI systems. The following real-world implementation issues highlight prominent risks every IT leader must account for in putting together their company’s AI deployment strategy.

Risk 145

Risk Consulting Data Science Machine Learning 145

CIO Business Intelligence

JANUARY 3, 2024

The risk of going out of business is just one of many disaster scenarios that early adopters have to grapple with. And it’s not just start-ups that can expose an enterprise to AI-related third-party risk. Model training Vendors training their models on customer data isn’t the only training-related risk of generative AI.

Risk 131

Risk Modeling Enterprise Marketing 131

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

CIO Business Intelligence

AUGUST 20, 2024

The barrier to entry The big issue for SMBs is the cost of the computing power and related expenses needed to run modern AI models, says Tony Fernandes, CEO and chief AI officer at HumanFocused.AI, an AI consulting firm. SMBs need to get over those concerns or risk being left behind, he says.

Risk 131

Risk Cost-Benefit Insurance ROI 131

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

Aryng

DECEMBER 12, 2024

As the CEO of a data science consulting company, Ive noticed many organizations fall short in effectively managing their data. Companies in the initial […] The post The Urgent Risks of Bad Data Engineering appeared first on Aryng's Blog. A lot of this has to do with their systems.

Risk 52

Risk Consulting Data Science Management 52

CIO Business Intelligence

APRIL 1, 2024

Sixty-six percent of C-level executives are ambivalent or dissatisfied with the progress of their AI or GenAI efforts, according to Boston Consulting Group 1. Deloitte 2 meanwhile found that 41% of business and technology leaders said a lack of talent, governance, and risks are barriers to broader GenAI adoption.

Uncertainty 142

Uncertainty Data Lake Consulting Risk 142

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

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. Think about basing it on lower-risk, interpretable, private, or fair models.

Modeling 225

Modeling Machine Learning Predictive Modeling Consulting 225

CIO Business Intelligence

NOVEMBER 1, 2024

One of the world’s largest risk advisors and insurance brokers launched a digital transformation five years ago to better enable its clients to navigate the political, social, and economic waves rising in the digital information age.

IT 122

IT Insurance Consulting Risk 122

CIO Business Intelligence

NOVEMBER 19, 2024

Intellectual property risks Failing: GenAI can inadvertently use copyrighted material, leading to legal complications. Daniel Saroff is group vice president of consulting and research at IDC, where he is a senior practitioner in the end-user consulting practice.

Consulting 137

Consulting Cost-Benefit Experimentation Optimization 137

DataKitchen

NOVEMBER 27, 2024

Without contextual specificity, these dimensions risk becoming check-the-box exercises rather than actionable frameworks that help organizations identify and address the root causes of data quality issues. The DAMA Data Quality Dimension dashboards are crap. They have high-value predictions in production.

Data Quality 219

Data Quality Dashboards Metrics Cost-Benefit 219

CIO Business Intelligence

NOVEMBER 28, 2024

Courage and the ability to manage risk In the past, implementing bold technological ideas required substantial financial investment. Plus, forming close partnerships with legal teams is essential to understand the new levels of risk and compliance issues that gen AI brings.

IT 130

IT Data Governance Risk Consulting 130

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.” The code of conduct is directed by 11 guiding principles, many of which focus on risks, vulnerabilities, security, and protections.

Consulting 120

Consulting Risk Risk Management Marketing 120

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

CIO Business Intelligence

APRIL 1, 2022

Is it digital transformation (the phrase that has launched a thousand consultancies and as many failed strategies)? Another massive cloud misconception exists around IT risk and security. People who study technology value creation ceaselessly argue which tech term of art is least illuminating and most irksome. Is it cloud computing?

Digital Transformation 145

Digital Transformation Finance Consulting Strategy 145

CIO Business Intelligence

OCTOBER 28, 2024

An AI-powered transcription tool widely used in the medical field, has been found to hallucinate text, posing potential risks to patient safety, according to a recent academic study. Despite this, many healthcare providers are already adopting it for transcribing patient consultations.

Risk 119

Risk Reporting Modeling Consulting 119

CIO Business Intelligence

AUGUST 6, 2024

Banks increasingly adopt genAI to improve operations, from spend categorization and transaction monitoring to enhancing risk decisions and predictive customer service. Enriched data allows banks to create a comprehensive picture of customer behavior, enabling personalized services and accurate risk assessments.

Consulting 119

Consulting Risk Data-driven Reporting 119

CIO Business Intelligence

JUNE 6, 2024

Some enterprises struggle with executing a critical step in their AI journeys: developing and establishing AI guardrails and ethical policies within their organization, according to the Texas-based non-profit, whose members include Amazon Web Services, Boston Consulting Group, ATB Financial, and Shell.

Risk Management 131

Risk Management Risk Data-driven Consulting 131

CIO Business Intelligence

OCTOBER 26, 2023

In this past quarter, we saw good revenue growth in software and consulting,” IBM CEO Arvind Krishna said during an earnings call. This is helping drive solid growth in our software and consulting businesses. As a result, we remain confident in our revenue and free cash flow growth expectations for the full year,” Krishna added.

Consulting 131

Consulting Software Enterprise Modeling 131

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

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

CIO Business Intelligence

MARCH 21, 2023

Poor planning Enterprises risk running into trouble if they lack a detailed cloud strategy. “A A pragmatic and structured architectural approach when moving to the cloud is critical,” says William Peldzus, senior director and Center of Excellence head with enterprise consulting firm Capgemini Americas.

Consulting 130

Consulting Risk Enterprise Strategy 130

CIO Business Intelligence

NOVEMBER 1, 2024

One of the world’s largest risk advisors and insurance brokers launched a digital transformation five years ago to better enable its clients to navigate the political, social, and economic waves rising in the digital information age.

IT 105

IT Insurance Consulting Risk 105

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

FEBRUARY 12, 2024

Consultants will lean into generative AI to deliver transformation initiatives Consulting service providers, such as Accenture, Deloitte, EY, IBM, and PwC, will demonstrate how their investments in generative AI are transforming their implementation methodologies and accelerators to enable SAP transformation initiatives.

Consulting 118

Consulting Cost-Benefit Strategy Modeling 118

CIO Business Intelligence

APRIL 24, 2024

The partnership between Cognizant and Microsoft may help ease some of that, as Cognizant’s consulting services can help enterprises find ways to leverage copilots as part of their business processes. Ensuring human oversight and rigorous quality checks can mitigate the risks associated with AI errors.”

Enterprise 128

Enterprise Digital Transformation Consulting Uncertainty 128

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

CIO Business Intelligence

NOVEMBER 26, 2024

Solution: A phased approach to modernization can mitigate the risks associated with legacy systems. Solution: Implement a robust security framework that includes regular risk assessments, threat modeling, and continuous monitoring. This leads to an old consulting joke. A: Expensive, bad processes.

IT 122

IT Consulting Recreation/Entertainment Data-driven 122

CIO Business Intelligence

SEPTEMBER 3, 2024

Your role as an IT leader will be to gather accurate and timely information, integrate advice from professionals, and recommend a plan of action with a level of associated risk. Ron Babin , an adjunct research advisor for IDC, is a senior management consultant and professor who specializes in outsourcing and IT management (ITM) issues.

Consulting 128

Consulting Cost-Benefit Marketing Management 128

CIO Business Intelligence

MARCH 9, 2022

Of course, many enterprises land on embracing both methods, says Nicholas Merizzi, a principal at Deloitte Consulting. They can leverage CSPM tools for incident response, risk assessment and management, compliance monitoring, and other cloud security functions. Cloud-native is much more than just technology,” Rubina says.

Strategy 145

Strategy Consulting Risk Testing 145

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. Vendor risk management Assess vendor capabilities: Regularly evaluate the risk management and disaster recovery capabilities of key vendors.

Risk Management 111

Risk Management Risk Testing Finance 111

CIO Business Intelligence

JULY 16, 2024

If you’re not yet an agent of change at your organization, your career as CIO may be at risk of falling behind. National US CIO program leader at Deloitte Consulting. Deloitte breaks CIOs into two categories, defining CIOs who are change agents, enable transformation and innovation, and take risks as “contemporary CIOs.”

Digital Transformation 127

Digital Transformation Risk Consulting Technology 127

CIO Business Intelligence

JANUARY 12, 2024

Overwhelming majorities of executives around the world are planning to spend money on generative AI this year, but very few are truly ready for the technology, according to a survey released today by the Boston Consulting Group. It forces conversations like ‘what kind of data stores do we have,’ and ‘what can we really do with them?’”

Risk Management 132

Risk Management Consulting Reporting Risk 132

CIO Business Intelligence

APRIL 5, 2024

The EU and US want to foster scientific information exchange between AI experts on either side of the Atlantic in areas such as developing benchmarks and assessing potential risks. The emphasis is on developing “safe, secure, and trustworthy” AI technologies.

Risk 130

Risk Testing Consulting Machine Learning 130

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

CIO Business Intelligence

DECEMBER 29, 2023

But in 2024, CIOs will shift their focus toward responsible deployment, says Barry Shurkey, CIO at NTT Data, a digital business and IT consulting and services firm. However, one of the questions CIOs have about this disruptive technology is how do they govern generative AI, says Daniel Saroff, group VP for consulting and research at IDC.

Cost-Benefit 139

Cost-Benefit Digital Transformation Consulting Strategy 139