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7 risk management rules every CIO should follow

CIO Business Intelligence

A PwC Global Risk Survey found that 75% of risk leaders claim that financial pressures limit their ability to invest in the advanced technology needed to assess and monitor risks. Yet failing to successfully address risk with an effective risk management program is courting disaster.

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10 AI strategy questions every CIO must answer

CIO Business Intelligence

The 2024 Enterprise AI Readiness Radar report from Infosys , a digital services and consulting firm, found that only 2% of companies were fully prepared to implement AI at scale and that, despite the hype , AI is three to five years away from becoming a reality for most firms. Am I engaging with the business to answer questions?

Strategy 141
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Application Development Consulting Helps Companies Get the Most of AI

Smart Data Collective

Many of them have utilized many management programs but finding the most best application without the assistance of an experienced consultant can be a challenge. Some new consulting agencies specialize in helping companies select the best applications. Application development consulting services are a newer service.

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How Birmingham’s $48M Oracle ERP project turned into an epic failure

CIO Business Intelligence

Integration with Oracles systems proved more complex than expected, leading to prolonged testing and spiraling costs, the report stated. BCCs heavy reliance on Oracle and external consultants became a double-edged sword. Grant Thorntons is not the first audit report to question the systemic flaws involved in the ERP implementation.

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Is your disaster recovery a house of cards? Why BIA, BCP, and DRP are your foundation

CIO Business Intelligence

In fact, successful recovery from cyberattacks and other disasters hinges on an approach that integrates business impact assessments (BIA), business continuity planning (BCP), and disaster recovery planning (DRP) including rigorous testing. See also: How resilient CIOs future-proof to mitigate risks.)

Testing 64
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Protecting your business from unforeseen outages: Lessons from the recent CrowdStrike incident

CIO Business Intelligence

Enhance incident response plans Regularly test and conduct drills: Incident response plans should be tested and updated regularly to address shortfalls discovered when walking through or testing scenarios. This knowledge can inform your own risk management and business continuity strategies.

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The Role of Model Governance in Machine Learning and Artificial Intelligence

Domino Data Lab

All models require testing and auditing throughout their deployment and, because models are continually learning, there is always an element of risk that they will drift from their original standards. The primary focus of model governance involves tracking, testing and auditing.