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 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

JULY 10, 2024

We examine the risks of rapid GenAI implementation and explain how to manage it. These examples underscore the severe risks of data spills, brand damage, and legal issues that arise from the “move fast and break things” mentality. This is a risk that many organizations don’t consider.

Risk 111

Risk Strategy Consulting Cost-Benefit 111

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 Machine Learning Modeling 119

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

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

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

AUGUST 21, 2024

Adding smarter AI also adds risk, of course. “At The big risk is you take the humans out of the loop when you let these into the wild.” When it comes to security, though, agentic AI is a double-edged sword with too many risks to count, he says. “We That means the projects are evaluated for the amount of risk they involve.

Risk 136

Risk Insurance Cost-Benefit Software 136

CIO Business Intelligence

NOVEMBER 18, 2024

In the face of shrinking budgets and rising customer expectations, banks are increasingly relying on AI, according to a recent study by consulting firm Publicis Sapiens. Employee productivity: In 55% of banks, gen AI supports employees, for example in the form of assistants.

Digital Transformation 141

Digital Transformation Consulting Cost-Benefit Marketing 141

CIO Business Intelligence

FEBRUARY 20, 2024

While cloud risk analysis should be no different than any other third-party risk analysis, many enterprises treat the cloud more gently, taking a less thorough approach. Interrelations between these various partners further complicate the risk equation. That’s where the contract comes into play.

Risk 131

Risk Enterprise Strategy Snapshot 131

CIO Business Intelligence

NOVEMBER 13, 2024

And we’re at risk of being burned out.” If there are tools that are vetted, safe, and don’t pose security risks, and I can play around with them at my discretion, and if it helps me do my job better — great,” Woolley says. But there’s only so many projects we can meaningfully contribute to, and conversations we can be part of.”

IT 141

IT Consulting ROI Cost-Benefit 141

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 Enterprise Modeling Marketing 131

CIO Business Intelligence

JANUARY 21, 2025

Theres also the risk of over-reliance on the new systems. Cybersecurity teams will need to reevaluate the relative importance of data assets, update inventories, and account for new threats and risks these AI systems might bring to their organizations. While AI is undoubtedly powerful, its not infallible.

Behavioral Analytics 122

Behavioral Analytics Data-driven Risk Insurance 122

CIO Business Intelligence

NOVEMBER 12, 2024

We’ve trained more than 400 Singaporeans to become AI engineers, and nearly all of them are today AI engineers, AI consultants, managers, or data scientists. These agents act as AI engineers, project managers, and consultants, guiding individuals through a virtual apprenticeship with personalized guidance and feedback.

Modeling 116

Modeling Machine Learning Consulting Deep Learning 116

CIO Business Intelligence

NOVEMBER 26, 2024

The implementation of these techniques in medical care will allow the transformation of the way we diagnose, in addition to personalizing treatments, helping to identify risk factors and, in general, improving the results and productivity of the health sector. This way, waiting times before going in for a consultation can be minimized.

Data-driven 104

Data-driven Consulting Big Data Risk 104

CIO Business Intelligence

NOVEMBER 6, 2024

Consulting giant Deloitte says 70% of business leaders have moved 30% or fewer of their experiments into production. That high level of democratization doesn’t come without risks, and that’s where CIOs, as the guardians of enterprise technology, play a crucial role.

Forecasting 133

Forecasting Risk Technology Strategy 133

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

DECEMBER 17, 2024

What are the associated risks and costs, including operational, reputational, and competitive? That can be due to a lack of skillsets, concerns about risks or integration complexity, or identifying the right use case that will deliver ROI. To evaluate feasibility, ask: Do we have internal data and skills to support this?

Experimentation 98

Experimentation ROI Risk Data Quality 98

CIO Business Intelligence

OCTOBER 30, 2024

She is now CEO of 10Xresponsibletech, a consulting company focused on helping organizations design, integrate, and adopt business-aligned and responsible AI strategies. Will it mitigate risk? At Google’s parent company, she worked with moonshot companies such as Waymo, Wing, and X, to shape sustainable businesses and global impact.

Technology 131

Technology Strategy Risk IT 131

CIO Business Intelligence

DECEMBER 3, 2024

China will likely become a powerhouse for the legacy nodes, as they have a lot of capacity, and they might reduce the prices,” said Pareekh Jain, CEO of Pareekh Consulting. The measures seek to limit Beijing’s access to advanced memory and chipmaking tools, further tightening control over critical semiconductor technologies.

Manufacturing 121

Manufacturing Measurement Technology Marketing 121

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

MARCH 25, 2025

Companies should therefore already be taking concrete steps to implement the EU AI Act and the EU Data Act, explains Daniel Andernach , Associated Partner at MHP , an international management and IT consultancy. Only in this way can risks be minimized and the highest compliance standards guaranteed.

IT 95

IT Key Performance Indicator Risk Reporting 95

CIO Business Intelligence

DECEMBER 19, 2024

This can be great for technically-savvy customers but has the risk of not being sufficiently abstracted from AI costs to hold value over time, he says. A third way that AI agents could be priced is by calculating the underlying costs and charging a small markup, he says. Potentially good for customers, but maybe not for shareholder returns.

Cost-Benefit 128

Cost-Benefit Modeling ROI Marketing 128

CIO Business Intelligence

JANUARY 3, 2025

Complexity is challenging when youre trying to make rapid changes to keep up with the needs of the business, but those frequent changes drive risk and incidents. AIOps can show the causal impact of the change in one system, and the learning algorithms of AIOps can help you predict risks of incremental versus major changes.

IT 105

IT Cost-Benefit Data Science Data-driven 105

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 278

Modeling Machine Learning Predictive Modeling Consulting 278

CIO Business Intelligence

MARCH 4, 2025

It identifies your organizations most critical functions and assesses the potential risks and impacts to income, opportunity, brand, service, mission, and people. See also: How resilient CIOs future-proof to mitigate risks.) Then, assess the risk likelihood versus impact. Download the AI Risk Management Enterprise Spotlight.)

Testing 64

Testing Risk Consulting Risk Management 64

CIO Business Intelligence

FEBRUARY 21, 2025

BCCs heavy reliance on Oracle and external consultants became a double-edged sword. Change requests affecting critical aspects of the solution were accepted late in the implementation cycle, creating unnecessary complexity and risk. The councils approach to governance showed a startling lack of independent oversight.

Reporting 90

Reporting Risk Testing Risk Management 90

O'Reilly on Data

MARCH 25, 2025

The coordination tax: LLM outputs are often evaluated by nontechnical stakeholders (legal, brand, support) not just for functionality, but for tone, appropriateness, and risk. Hallucination risk : Add stronger grounding in retrieval or prompt modifications. What breaks your app in production isnt always what you tested for in dev!

Testing 168

Testing Data-driven Software Measurement 168

CIO Business Intelligence

FEBRUARY 26, 2025

If they want to make certain decisions faster, we will build agents in line with their risk tolerance. D&B is not alone in worrying about the risks of AI agents. At IT consultant CDW, one area where AI agents are already being used is to help staff respond to requests for proposals. Ours is totally automated.

IT 141

IT Enterprise Interactive Data Quality 141

CIO Business Intelligence

APRIL 8, 2025

Fragmented systems, inconsistent definitions, legacy infrastructure and manual workarounds introduce critical risks. The decisions you make, the strategies you implement and the growth of your organizations are all at risk if data quality is not addressed urgently. Manual entries also introduce significant risks.

Data Quality 102

Data Quality Data-driven Key Performance Indicator Metadata 102

CIO Business Intelligence

MARCH 5, 2025

Top impacts of digital friction included: increased costs (41%)increased frustration while conducting work (34%) increased security risk (31%) decreased efficiency (30%) lack of data for quality decision-making (30%) are top impacts. But organizations within the energy industry are in an especially precarious situation.

Management 86

Management Data-driven Cost-Benefit Risk 86

CIO Business Intelligence

JANUARY 21, 2025

Practical strategies for CIOs To manage costs effectively while fostering innovation, CIOs can implement the following strategies: Start small: Pilot programs minimize financial risk while providing insights into the feasibility and impact of new technologies. Focus on small-scale initiatives with clear objectives to demonstrate value early.

Cost-Benefit 98

Cost-Benefit ROI Measurement Strategy 98

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

Timo Elliott

DECEMBER 10, 2024

One of the sessions I sat in at UKISUG Connect 2024 covered a real-world example of data management using a solution from Bluestonex Consulting , based on the SAP Business Technology Platform (SAP BTP). Impact of Errors : Erroneous data posed immediate risks to operations and long-term damage to customer trust.

Management 52

Management Data Governance Consulting Risk 52

CIO Business Intelligence

SEPTEMBER 10, 2024

In an industry where companies typically relied on third-party consultants to analyze their data, we believed our approach was a slam dunk. It’s easy to blame IT just as it’s easy to blame the consultants. As we become increasingly reliant on AI-generated content, there’s a risk of diminishing original thought and critical thinking.

IT 122

IT Risk Risk Management Predictive Modeling 122

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