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

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

Cloudera

MARCH 28, 2019

Picture the scene: a hopeful homebuyer sits in the almost deserted lobby of a high street bank, waiting for the appointment she booked with the mortgage consultant a week ago – a week ago! They also fail to model the effects of fear and the risk of contagion. Risk management 3.0.

Risk 76

Risk Management Risk Management Machine Learning 76

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. There are IoT solutions that can assist them in collecting data and performing analytics for inventory management. l Improved Risk Management.

IoT 140

IoT Internet of Things Cost-Benefit Consulting 140

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

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

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

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

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.” Babin has extensive experience as a senior management consultant at two global consulting firms.

Consulting 120

Consulting Risk Risk Management Marketing 120

AWS Big Data

FEBRUARY 1, 2024

Amazon Redshift features like streaming ingestion, Amazon Aurora zero-ETL integration , and data sharing with AWS Data Exchange enable near-real-time processing for trade reporting, risk management, and trade optimization. Ruben consults with capital markets participants on modern data architecture and systematic investment processes.

Data Warehouse 134

Data Warehouse Dashboards Risk Management Risk 134

CIO Business Intelligence

SEPTEMBER 17, 2024

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.

Enterprise 145

Enterprise Digital Transformation Cost-Benefit Risk 145

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

MAY 20, 2024

Krishna Prasad, chief strategy officer and CIO at UST, a digital transformation solutions company, says that cybersecurity not only remains top of mind but an area of significant work for IT as it’s tasked with executing much of the risk-mitigation efforts. Risk management came in at No. Foundry / CIO.com 3. For Rev.io

IT 142

IT Risk Management Machine Learning Risk 142

Domino Data Lab

AUGUST 6, 2021

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. Model governance not only reduces risk, it helps to achieve fundamental business goals like production efficiency and profitability.

Machine Learning 145

Machine Learning Modeling Testing Data Science 145

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

Cloudera

AUGUST 12, 2021

In a 2021 white paper titled “Data Excellence: Transforming manufacturing and supply systems“ written by the World Economic Forum and the Boston Consulting Group, it documented that 75% of executives interviewed believed that advanced analytics in manufacturing was more important today than three years ago. Risk Management.

Data-driven 112

Data-driven Manufacturing Insurance Risk Management 112

Smart Data Collective

AUGUST 30, 2023

Cloud Technology is Changing the Future of PSA Software Development In an era marked by rapid technological advancements, many consultancies remain reliant on makeshift solutions. In contrast, a mere 17% utilize a professional services automation (PSA) system to manage their operations. Keep reading to learn more.

Software 107

Software Technology Consulting Forecasting 107

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

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

CIO Business Intelligence

APRIL 21, 2022

Combining Agile and DevOps with elements such as cloud, testing, security, risk management and compliance creates a modernized technology delivery approach that can help an organization achieve greater speed, reduced risk, and enhanced quality and experience. Managing Director. All hands on deck . Jeff Strain.

Digital Transformation 145

Digital Transformation Key Performance Indicator Risk Testing 145

CIO Business Intelligence

JULY 26, 2024

The decisive factors are responsibility for the transformation, mostly locating centrally the downstream management of the new IT operating models, and the inclusion of important departments such as legal, compliance and risk management. Around 13% of users say they’ll pursue a rigid cloud-only strategy in the future.

Digital Transformation 142

Digital Transformation Cost-Benefit Data Processing Risk 142

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

erwin

JUNE 14, 2019

Mitigating Digital Transformation Risks. Risks come with any investment. But in the context of digital transformation, taking risks is both a necessity and an inevitability. Organizations also will need to consult their data to ensure they transform themselves the right way – and not just for transformation’s sake.

Digital Transformation 111

Digital Transformation Data Governance Risk Data-driven 111

Smart Data Collective

JULY 19, 2021

Risk Management. Companies using data centers within their data recovery strategies do this with the aim of mitigating risk in the case of some external mishap (unfortunate events such as natural disasters). Relying on these services ensures the continuity of a business in the case of a disaster. Final Words.

Cost-Benefit 133

Cost-Benefit Risk Management Risk Consulting 133

CIO Business Intelligence

JANUARY 19, 2024

“It’s a key issue that needs attention, and a CIO can and should set the tone and practices for effective stakeholder management,” says Brett Tucker, an adjunct professor of cyber risk management at Carnegie Mellon University’s Heinz College.

Management 119

Management Consulting Risk Strategy 119

CIO Business Intelligence

MAY 15, 2024

According to Synopsys’ open source security and risk analysis released in February, 96% of all commercial code bases contained open source components. Companies can download the code, but then they need in-house expertise or hired consultants to make everything work. It also focuses largely on risk and governance issues.

Modeling 137

Modeling Risk Software Enterprise 137

Smart Data Collective

JUNE 26, 2019

The insurance industry is based on the idea of managing risk. To determine this risk, the industry must consult data and see what trends are evident to draft their risk profiles. The in-depth analysis of historical data gives insurers a platform to base their determination of risk. Seeing Into the Future.

Insurance 101

Insurance Data Analytics Analytics IoT 101

CIO Business Intelligence

MAY 26, 2023

CompTIA Security+ The CompTIA Security+ certification is best suited for network, system, and security administrators; security specialists; junior IT auditors; security consultants; and security engineers. Businesses are looking for qualified IT pros who can help ensure that they are protected from potential threats and risks.

IT 124

IT Reporting Risk Consulting 124

erwin

FEBRUARY 20, 2020

EA and BP modeling are both critical for risk management and regulatory compliance, a major concern for financial services customers like the one above when it comes to ever-changing regulations on money laundering, fraud and more.

Enterprise 128

Enterprise Modeling Dashboards Digital Transformation 128

CIO Business Intelligence

APRIL 17, 2023

As consumers embrace ecommerce, digital banking, and online payment applications, the risk of fraud and other financial crimes has increased dramatically. Every new portal and mobile app expand the attack surface and give hackers new opportunities to exploit vulnerabilities. The stakes for financial organizations are growing as well.

Digital Transformation 105

Digital Transformation Risk Management Risk Consulting 105

CIO Business Intelligence

APRIL 13, 2023

Gartner projects that spending on information security and risk management products and services will grow 11.3% To better focus security spend, some chief information security officers (CISOs) are shifting their risk assessments from IT systems to the data, applications, and processes that keep the business going.

IT 111

IT Cost-Benefit Risk Consulting 111

CIO Business Intelligence

SEPTEMBER 17, 2024

Rather, they rely on ad hoc inputs such as IT audits, pentest results, one-time security assessments, risk register analysis, and a general understanding of their program. Defining and describing the security risk appetite A security program does not have to achieve perfect security. In fact, achieving perfect security is impossible.

Measurement 111

Measurement Metrics Risk Dashboards 111

erwin

NOVEMBER 13, 2020

Data Security & Risk Management. Innovation Management. An enterprise architect is now required to understand improved value through many different aspects of the business, including profits and loss, share value, risk, sales, customers and products, to name a few. Digital Transformation. Compliance/Legislation.

Enterprise 131

Enterprise Digital Transformation Key Performance Indicator Data-driven 131

CIO Business Intelligence

NOVEMBER 21, 2024

Governance and risk management in technology initiatives While agile methodologies promote flexibility, governance and risk management are critical for ensuring that technology initiatives remain aligned with business priorities. Risk management is equally vital, particularly as organizations adopt modern technologies.

Strategy 122

Strategy IT Business Objectives Cost-Benefit 122

erwin

OCTOBER 3, 2019

As a matter of fact, Gartner has said that EA is becoming a “form of internal management consulting” because it helps define and shape business and operating models, identify risk and opportunities, and create technology roadmaps to suit. Supporting the creation of actionable, signature-ready EA deliverables.

Enterprise 111

Enterprise Cost-Benefit Data-driven Risk 111

Smart Data Collective

OCTOBER 26, 2023

AI poses a number of benefits and risks for modern businesses. A successful breach can result in loss of money, a tarnished brand, risk of legal action, and exposure to private information. Cybersecurity aims to stop malicious activities from happening by preventing unauthorized access and reducing risks.

Technology 107

Technology Risk Measurement IoT 107

CIO Business Intelligence

JUNE 26, 2023

Meyercord parlayed an engineering degree into a two-decade consulting track at Accenture, where a focus on large-scale transformation projects opened the door to the global CIO role at Salesforce during its critical revenue growth period. Cultivate an appetite for risk. Competitive fire is a must.

IT 119

IT Consulting Digital Transformation Software 119