CIO Business Intelligence

OCTOBER 30, 2023

Disruption has moved from the exception to the norm With disruption now a constant rather than one-off event, organizations must be able to quickly react to change with agility across all aspects of their operating models. The philosophy behind adaptive systems is more about innovation than risk management. Here’s why.

Digital Transformation 143

Digital Transformation Risk Management IoT Cost-Benefit 143

erwin

SEPTEMBER 17, 2020

It’s paramount that organizations understand the benefits of automating end-to-end data lineage. Here are six benefits of automating end-to-end data lineage: Reduced Errors and Operational Costs. The actual job of backing things up will be managed by the system processes you set up for consistency and clarity.

Cost-Benefit 143

Cost-Benefit Data Governance Metadata Reporting 143

CIO Business Intelligence

SEPTEMBER 10, 2024

Our IT evolution Having worked primarily in traditionally structured industries like oil and gas, government, education and finance, I’ve witnessed firsthand how technology was once considered a commodity, a cost center. However, its impact on culture must be carefully considered to maximize benefits and mitigate risks.

IT 122

IT Risk Risk Management Predictive Modeling 122

CIO Business Intelligence

NOVEMBER 21, 2023

After all, 41% of employees acquire, modify, or create technology outside of IT’s visibility , and 52% of respondents to EY’s Global Third-Party Risk Management Survey had an outage — and 38% reported a data breach — caused by third parties over the past two years.

IT 137

IT Risk Cost-Benefit Data Science 137

CIO Business Intelligence

SEPTEMBER 14, 2023

As exchanges were modernizing, they looked at the cost benefit and realized it was better to buy Nasdaq’s technology,” Peterson says. When you have to calculate risk, it works really well to spread it horizontally in the cloud,” Peterson says. The company, which reported net revenues of $3.6 Not just the technology group.”

Risk Management 116

Risk Management Risk Marketing Cost-Benefit 116

Jen Stirrup

OCTOBER 13, 2024

This annual in-person and virtual event, combined with a 40-city roadshow, is aimed at CISOs, CIOs, data security, cloud, and data protection professionals who want to know how to achieve “continuous business.” You can register for in-person or virtual attendance at one of the events here. Why is this topic important?

Machine Learning 52

Machine Learning Strategy Risk Enterprise 52

AWS Big Data

SEPTEMBER 26, 2024

This post shows how to integrate Amazon Bedrock with the AWS Serverless Data Analytics Pipeline architecture using Amazon EventBridge , AWS Step Functions , and AWS Lambda to automate a wide range of data enrichment tasks in a cost-effective and scalable manner. Amazon S3 emits an object created event and matches an EventBridge rule.

Data Lake 115

Data Lake Cost-Benefit Unstructured Data Modeling 115

AWS Big Data

FEBRUARY 1, 2024

The solution should be scalable, cost-efficient, and straightforward to adopt and operate. 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.

Data Warehouse 134

Data Warehouse Dashboards Risk Management Risk 134

AWS Big Data

JULY 16, 2024

The Zurich Cyber Fusion Center management team faced similar challenges, such as balancing licensing costs to ingest and long-term retention requirements for both business application log and security log data within the existing SIEM architecture.

Insurance 130

Insurance Management Cost-Benefit Optimization 130

CIO Business Intelligence

OCTOBER 3, 2024

A combination of mainframe and cloud for different tasks might be a more flexible, cost-effective solution.” Several factors, including processing power, workload specialization, data sovereignty and compliance, and cost and complexity should influence the CIO’s decision, he says. But will enterprises bite?

Machine Learning 140

Machine Learning Experimentation Insurance Modeling 140

CIO Business Intelligence

MARCH 24, 2023

To counter that, BARC recommends starting with a manageable or application-specific prototype project and then expanding across the company based on lessons learned. Several of the overall benefits of data management can only be realized after the enterprise has established systematic data governance.

Data Governance 142

Data Governance Management Metadata Data Quality 142

John Wheeler

OCTOBER 21, 2019

A common theme is the need for greater risk quantification beyond the realm of traditional, qualitative governance, risk and compliance (GRC) approaches. Digital Risk Management – Gartner. However, in the pursuit of techquilibrium, organizations must take their risk analysis a step further to the strategic view.

Risk 53

Risk Risk Management Digital Transformation Insurance 53

IBM Big Data Hub

FEBRUARY 13, 2024

For sourcing teams, that means pivoting their mindset around selecting suppliers from a tactical, lowest-cost-above-all approach to a strategic one. The benefits of strategic sourcing are vast, ranging from overall supply chain process optimization to more cost-effective, long-term relationships with partners.

Cost-Benefit 78

Cost-Benefit Scorecard Risk Recreation/Entertainment 78

IBM Big Data Hub

MAY 28, 2024

According to IBM’s Cost of a Data Breach , the global average cost to remediate a data breach in 2023 was USD 4.45 These data breaches can cost their victims in many ways. Data risk management To protect their data, organizations first need to know their risks.

Strategy 81

Strategy Measurement Risk Cost-Benefit 81

IBM Big Data Hub

JANUARY 29, 2024

Business continuity and disaster recovery plans are risk management strategies that businesses rely on to prepare for unexpected incidents. Lower financial risk: According to IBM’s recent Cost of Data Breach Report, the average cost of a data breach was USD 4.45

Cost-Benefit 84

Cost-Benefit Risk Enterprise Advertising 84

CIO Business Intelligence

JULY 25, 2024

Offered by the ISACA, the CRISC certification validates your ability to understand and mitigate enterprise IT risk using the latest best practices to identify, analyze, evaluate, assess, prioritize, and respond to risks. It’s best suited for CIOs, IT executives, current or future IT managers, project managers, and business analysts.

IT 131

IT Management Risk Risk Management 131

IBM Big Data Hub

FEBRUARY 19, 2024

Effective SCM initiatives offer several benefits: Lower operational costs : By optimizing inventory levels , improving warehousing efficiency and streamlining order fulfillment processes, companies can save on storage, labor and transportation expenses.

Strategy 81

Strategy Management Forecasting Internet of Things 81

Ontotext

APRIL 6, 2023

For some time, the manufacturing industry has been benefiting significantly from knowledge graph technology. There is an overwhelming amount of standardization efforts and reference initiatives, which double down on the benefit from the knowledge graph approach. But the benefits of knowledge graphs don’t stop there.

Manufacturing 83

Manufacturing Cost-Benefit Knowledge Discovery Optimization 83

CIO Business Intelligence

APRIL 22, 2022

From hardware and software upgrades to ongoing security patches, to application development and the rollout of software itself, project managers keep your teams on task and productive. It’s designed for those who aspire to have a career in project management and doesn’t require prior experience in the field.

Management 111

Management Cost-Benefit Testing Risk 111

Ontotext

JULY 6, 2023

M&A events, role changes, etc.) Let’s consider an example about risk and opportunity event detection. So we perform large scale Named Entity Recognition of company, locations and people, and we add some topics/events. The solution brings many business benefits. The business benefits here are also significant.

Cost-Benefit 52

Cost-Benefit Metadata Experimentation Risk 52

IBM Big Data Hub

OCTOBER 16, 2023

It encompasses risk management and regulatory compliance and guides how AI is managed within an organization. In addition to natural language, models are trained on various modalities, such as code, time-series, tabular, geospatial and IT events data.

Risk 70

Risk Modeling Management Metadata 70

IBM Big Data Hub

MAY 8, 2024

As a result, the interpretation of the varied risk signals is siloed across different events along the digital user journey. This lack of an integrated approach to managing risk along the digital user journey hinders the adoption of continuous adaptive trust principles and adds undue risk into the system.

Risk 80

Risk Cost-Benefit Risk Management Management 80

Cloudera

NOVEMBER 18, 2021

Every one of our 22 finalists is utilizing cloud technology to push next-generation data solutions to benefit the everyday people who need it most – across industries including science, health, financial services and telecommunications. transactions per day and processing information at a rate of 1k events per second. Cloud Innovation.

Data Lake 77

Data Lake Cost-Benefit Digital Transformation Risk 77

Smart Data Collective

OCTOBER 26, 2019

The backup facility’s cost, restoration capability, and efficiency of restoration all matter. In the event of a network shutdown or failure, it may take much longer to restore functionality (and therefore connection) to a cloud-hosted off-site backup. Cost of Backup. Big Data Storage Concerns. Conclusion.

Big Data 67

Big Data Data Lake Cost-Benefit Measurement 67

Octopai

APRIL 8, 2020

While there are many factors that led to this event, one critical dynamic was the inadequacy of the data architectures supporting banks and their risk management systems. Investors then paid whatever was asked without any information to justify the cost. Data Lineage Provides Further Benefits for Enterprise Organizations.

Finance 52

Finance Cost-Benefit Metadata Data Architecture 52

IBM Big Data Hub

JULY 27, 2023

The following are some of the most impactful ways oil and gas is embracing EAM as an asset management strategy: Asset lifecycle management : Oil and gas assets are intricate, costly and have lengthy lifecycles. Cost control and budgeting : EAM systems provide valuable insights into asset performance as it relates to maintenance costs.

Cost-Benefit 55

Cost-Benefit IoT Internet of Things Enterprise 55

Laminar Security

NOVEMBER 16, 2023

DSPM solutions help organizations achieve data security compliance, reduce data breach risks, lower cloud costs, remediate ROT data, and enable data-driven innovation. The added context improves accuracy, reduces false positives, and can lower costs by focusing where stringent monitoring should be applied.

Risk 59

Risk Cost-Benefit Dashboards Management 59

BizAcuity

JULY 26, 2021

Reduced costs . Improved security and risk management. Hybrid cloud computing aids businesses with crucial control on their data and improving security by reducing the potential risk of data disclosure. Hardware costs. Lack of visibility.

IT 52

IT Cost-Benefit Data Processing Risk 52

DataRobot

SEPTEMBER 16, 2021

The ability to charge more accurate premiums helps the company mitigate risk and maintain a competitive advantage, which, in turn, also benefits consumers. When it comes to insurance and loss cost modeling, DataRobot enforces best practices by automating model setup and incorporating various preprocessing and modeling approaches.

Modeling 52

Modeling Insurance Cost-Benefit Machine Learning 52

DataRobot Blog

MARCH 7, 2023

DataRobot is available on Azure as an AI Platform Single-Tenant SaaS, eliminating the time and cost of an on-premises implementation. AI Platform Single-Tenant SaaS are fully managed by DataRobot and replace disparate machine learning tools, simplifying management. DATAROBOT LAUNCH EVENT From Vision to Value.

Data-driven 59

Data-driven Machine Learning Experimentation Data Lake 59

IBM Big Data Hub

JULY 12, 2023

Enterprises are often defined by how they deal with events that are out of their control. Good contingency plans prioritize the risks an organization faces, delegate responsibility to members of the response teams and increase the likelihood that the company will make a full recovery after a negative event.

Risk 40

Risk Cost-Benefit Internet of Things Testing 40

IBM Big Data Hub

JULY 28, 2023

In response, enterprises have made vulnerability management a key component of their cyber risk management strategies. The vulnerability management lifecycle offers a formal model for effective vulnerability management programs in an ever-changing cyberthreat landscape.

Management 64

Management Metrics Risk Measurement 64

Alation

MARCH 24, 2022

It is critical that firms view data security as part of governance, risk management, and compliance (GRC). Risk prevention and mitigation for both data privacy and security offer several business benefits. Privacy as the Default Setting — Ensure personal data is automatically protected — by default.

Data Governance 52

Data Governance Risk Data-driven Measurement 52

AWS Big Data

AUGUST 14, 2023

By leaning into these teams and showing value through them first, then using them as evangelists, organizations can gain maturity while benefitting earlier from the advantages of data mesh strategies. Service-Level Management X X X. Availability Management X X. Capacity and Performance Management X X.

Management 98

Management Risk Measurement Optimization 98

CIO Business Intelligence

NOVEMBER 18, 2022

The question is: are you prepared to recover from a cyber event? As cyber threats increase in frequency and sophistication, most businesses will eventually fall prey to a cyber event, despite their best efforts. The longer it takes to recover, the more it will cost. Swift recovery is paramount to minimizing damage.

Cost-Benefit 98

Cost-Benefit Risk Management Risk Testing 98

CIO Business Intelligence

JULY 25, 2024

But the outage has also raised questions about enterprise cloud strategies and resurfaced debate about overly privileged software , as IT leaders look for takeaways from the disastrous event. It also highlights the downsides of concentration risk. What is concentration risk?

Risk 144

Risk Cost-Benefit Strategy Enterprise 144

CIO Business Intelligence

AUGUST 7, 2024

Now fully deployed, TCS is seeing the benefits. The project’s primary objectives were to maintain 100% functionality of the EMR during planned failover events; achieving a recovery point objective of less than one minute; and meet a recovery time objective of two hours for critical services.

IT 119

IT Insurance Cost-Benefit Testing 119