CIO Business Intelligence

NOVEMBER 27, 2023

Developing and deploying successful AI can be an expensive process with a high risk of failure. How can CIOs deliver accurate, trustworthy AI without the energy costs and carbon footprint of a small city? Train overnight when data center demand is low for better performance and lower costs.

Risk 132

Risk Cost-Benefit Modeling IoT 132

CIO Business Intelligence

AUGUST 21, 2024

The previous state-of-the-art sensors cost tens of thousands of dollars, adds Mattmann, who’s now the chief data and AI officer at UCLA. 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.” They also had extreme measurement sensitivity.

Risk 136

Risk Insurance Cost-Benefit Software 136

CIO Business Intelligence

AUGUST 13, 2024

As with any new technology, however, security must be designed into the adoption of AI in order to minimize potential risks. How can you close security gaps related to the surge in AI apps in order to balance both the benefits and risks of AI? Enterprises can manage AI risks at every step of the journey with AI Runtime Security.

Risk 119

Risk Cost-Benefit Enterprise Modeling 119

CIO Business Intelligence

APRIL 23, 2024

As CIO, you’re in the risk business. Or rather, every part of your responsibilities entails risk, whether you’re paying attention to it or not. There are, for example, those in leadership roles who, while promoting the value of risk-taking, also insist on “holding people accountable.” You can’t lose.

Risk 115

Risk IT Insurance Risk Management 115

CIO Business Intelligence

JULY 18, 2024

If exploited, a single mainframe code vulnerability can allow a hacker to bypass security controls and corrupt a system, all while covering their tracks—all of which come at a high cost to the company. What steps can be taken to minimize the risk of hackers penetrating the mainframe? Mainframes are under more pressure than ever before.

Risk 124

Risk Software Insurance Cost-Benefit 124

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

Smart Data Collective

JUNE 19, 2022

AI is particularly helpful with managing risks. How AI Can Help Suppliers Manage Risks Better. The benefits of AI stem from the need to manage close relationships with business stakeholders, which is a difficult task. Failure or Delay Risk. Brand Reputation Risk. Competitive Advantage Risk.

Risk 134

Risk Cost-Benefit Risk Management Manufacturing 134

CIO Business Intelligence

JANUARY 24, 2024

In my view, companies that split up these functions are seeing second-order consequences around communication, costs, and conflict, and are bringing these roles back together. Our analytics capabilities identify potentially unsafe conditions so we can manage projects more safely and mitigate risks.”

Risk Management 118

Risk Management Risk Management Digital Transformation 118

CIO Business Intelligence

AUGUST 20, 2024

Many AI projects have huge upfront costs — up to $200,000 for coding assistants, $1 million to embed generative AI in custom apps, $6.5 Those costs don’t include recurring costs, which can run into the thousands of dollars per user each year. SMBs are particularly vulnerable to these cost increases.”

Risk 131

Risk Cost-Benefit Insurance ROI 131

David Menninger's Analyst Perspectives

OCTOBER 15, 2024

Those customers should be evaluating if, when and how they will tap into the benefits that AI and GenAI can provide to improve operational and financial performance. With a perception of limited or no benefit, not taking any action can appear attractive and may be the right choice.

Cost-Benefit 130

Cost-Benefit Risk Forecasting Software 130

CIO Business Intelligence

DECEMBER 14, 2023

As CIOs seek to achieve economies of scale in the cloud, a risk inherent in many of their strategies is taking on greater importance of late: consolidating on too few if not just a single major cloud vendor. This is the kind of risk that may increasingly keep CIOs up at night in the year ahead.

Risk 131

Risk Cost-Benefit Strategy Risk Management 131

CIO Business Intelligence

JANUARY 2, 2024

That includes maintenance and upgrades deferred in favor of other projects or priorities, which can result in high future costs when those actions can no longer by avoided, often when a solution reaches end-of-life. Here’s where CIOs can rethink their approach to the long-term benefit of their organizations.

Risk 128

Risk IT Risk Management Sales 128

Smart Data Collective

FEBRUARY 28, 2023

We talked about the benefits of AI for consumers trying to improve their own personal financial plans. One of the most important changes pertains to risk parity management. We are going to provide some insights on the benefits of using machine learning for risk parity analysis. What is risk parity?

Machine Learning 90

Machine Learning Risk Cost-Benefit Marketing 90

Smart Data Collective

FEBRUARY 14, 2023

A growing number of companies are discovering that it offers tremendous benefits, but there are also some downsides to it. What Are the Benefits of Cloud Computing for Businesses? It is becoming increasingly popular among businesses due to its cost-effective nature and scalability.

Risk 103

Risk Cost-Benefit Software Technology 103

CIO Business Intelligence

JANUARY 3, 2024

The goal, he says, is to understand how AI will benefit Rich’s business overall. “We 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. He’s not the only one.

Risk 131

Risk Modeling Enterprise Marketing 131

Smart Data Collective

JULY 8, 2021

As humanity makes more and more progress with AI there is constant debate underway whether AI will turn on us in the future or they will benefit us. Let’s talk about some benefits and risks of artificial intelligence. Benefits of Artificial Intelligence: Reducing human error. Training and operation cost reduction.

Risk 142

Risk Cost-Benefit Machine Learning Deep Learning 142

Andrew White

JANUARY 29, 2020

It was titled, “ High Speed Seen Increasing Costs of Stock Trading ”. I guess that tells you all you need to know: There are benefits, and risks, to speed and access to information. I read an interesting article in today’s (Jan 28) US print edition of the WSJ. The article explores what is called “latency arbitrage”.

Cost-Benefit 99

Cost-Benefit Marketing Risk IT 99

CIO Business Intelligence

JULY 28, 2023

At the same time, it reduces risk by ensuring that all data is under control, avoiding inconsistencies, and adhering to a single source of truth. In a recent IDC Infobrief , more than half of respondents report that regulatory compliance is a primary factor in deciding how and where they store enterprise data.

Risk 97

Risk Management Data mining Cost-Benefit 97

IBM Big Data Hub

SEPTEMBER 27, 2023

What are the benefits of open source LLMs? All this reduces the risk of a data leak or unauthorized access. Cost savings They are generally much less expensive in the long term than proprietary LLMs because no licensing fees are involved. Education on these risks is one answer to these issues of data and AI.

Risk 91

Risk Modeling Cost-Benefit Enterprise 91

CIO Business Intelligence

OCTOBER 23, 2024

CIOs are under increasing pressure to deliver meaningful returns from generative AI initiatives, yet spiraling costs and complex governance challenges are undermining their efforts, according to Gartner. hours per week by integrating generative AI into their workflows, these benefits are not felt equally across the workforce.

Enterprise 141

Enterprise Cost-Benefit Broadcasting Risk 141

CIO Business Intelligence

JULY 5, 2023

Addressing semiconductor supply chain risks Even before the most recent supply chain challenges, political leaders around the world have been taking a close look at the current semiconductor supply chain model. Some of that risk is being addressed at national and regional levels, such as the U.S. But these costs are not insurmountable.

Risk 96

Risk Manufacturing Cost-Benefit Data Processing 96

CIO Business Intelligence

NOVEMBER 19, 2024

This year, many CIOs have focused on getting AI prototypes up and running without fully considering the long-term operating costs , he says. Gartner recently estimated that organizations that don’t understand how their generative AI costs scale could make a 500% to 1,000% calculation error, he notes. That’s not where you want to be.”

Cost-Benefit 119

Cost-Benefit Risk Business Objectives Data-driven 119

CIO Business Intelligence

AUGUST 16, 2023

“Waterfall projects may seem easier to understand from an overall point of view, but if it’s about ongoing innovation together with a customer to bring out new effects and benefits, then we need to be iterative even in complex projects,” she says. “At This leads to environmental benefits and fewer transports.

Risk 98

Risk Cost-Benefit Digital Transformation Internet of Things 98

Jet Global

MARCH 13, 2024

Tech debt is the cost of choosing quick solutions over better ones, requiring future rework. Upgrading the library runs the risk of breaking the dashboard. IBM’s Cost of a Data Breach Report reveals the average cost of a data breach for global organizations is at an all-time high at $4.45

Risk 52

Risk Dashboards Business Intelligence Cost-Benefit 52

CIO Business Intelligence

OCTOBER 4, 2024

Employees who wish to boost their efficiency through AI can benefit not only from upskilling, but also be supported with the right data, applications, and collaboration tools. Reduce costs : Organizations can see long-term cost savings by investing in technology that boosts workplace productivity and reduces labor costs.

Cost-Benefit 128

Cost-Benefit Risk Optimization Machine Learning 128

CIO Business Intelligence

JUNE 22, 2023

In cybersecurity, it’s also usually cheaper and less likely to expose the organization to reputational, financial, and compliance risk. The result is extra cost, complexity, and security risk. This can also sap productivity and add operational cost, especially if teams are duplicating activities.

Risk 52

Risk Management Cost-Benefit Digital Transformation 52

CIO Business Intelligence

OCTOBER 29, 2024

Leaders who adopt a crawl-walk-run approach, with thoughtful risk-taking and a strategic focus on actions and results, maximize the business value from IT modernization.” Identify the benefits and ensure that you keep business value at the forefront.” Kar advises taking a measured approach to system modernization.

IT 139

IT Cost-Benefit Strategy Risk 139

CIO Business Intelligence

OCTOBER 16, 2024

As gen AI becomes embedded into more devices, endowing it with autonomous decision-making will depend on real-time data and avoiding excessive cloud costs. By processing data closer to the source, edge computing can enable quicker decisions and reduce costs by minimizing data transfers, making it an alluring environment for AI.

Cost-Benefit 143

Cost-Benefit Manufacturing Data-driven Optimization 143

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 Data Science Consulting Machine Learning 145

CIO Business Intelligence

OCTOBER 29, 2024

It all comes down to cost benefit, and having a set of priorities. To make the process consistent and repeatable, I like to use a well-defined and balanced set of voting criteria, which helps place each idea into a cost-benefit matrix, often called a project prioritization matrix.

Cost-Benefit 122

Cost-Benefit ROI Finance Sales 122

CIO Business Intelligence

NOVEMBER 19, 2024

High costs Failing: The infrastructure and computational costs for training and running GenAI models are significant. Key takeaway: Cost management strategies are crucial for sustainable AI deployment. Key takeaway: A well-planned integration strategy can smooth the transition and maximize AI benefits.

Consulting 123

Consulting Cost-Benefit Experimentation Optimization 123

DataRobot Blog

MAY 10, 2022

Addressing the Key Mandates of a Modern Model Risk Management Framework (MRM) When Leveraging Machine Learning . The regulatory guidance presented in these documents laid the foundation for evaluating and managing model risk for financial institutions across the United States.

Risk 64

Risk Modeling Machine Learning Data Quality 64

Smart Data Collective

MARCH 27, 2020

Here is the type of data insurance companies use to measure a client’s potential risk and determine rates. Traditional data, like demographics, continues to be a factor in risk assessment. Teens and young adults are less experienced drivers and, therefore, at risk for more car accidents. Demographics. This includes: Age.

Insurance 108

Insurance Measurement Risk Cost-Benefit 108

John Wheeler

APRIL 16, 2021

This week, we kicked-off a major research effort to explore current innovations in the rapidly expanding integrated risk management (IRM) market. This represents a great opportunity for organizations to utilize risk management technology (RiskTech) to bridge the gap between these seemingly disconnected transformation efforts.

Risk Management 59

Risk Management Risk Management Internet of Things 59

CIO Business Intelligence

OCTOBER 22, 2024

On the good, you get the benefits that may be unique to each provider and can price shop to some degree,” he says. Adding another cloud provider to the mix without the right talent, processes, and cloud infrastructure only makes the benefits of multicloud less attainable,” he says, stressing the importance of upskilling internal talent.

Strategy 128

Strategy Cost-Benefit Risk Enterprise 128

IBM Big Data Hub

OCTOBER 16, 2023

As more businesses use AI systems and the technology continues to mature and change, improper use could expose a company to significant financial, operational, regulatory and reputational risks. It encompasses risk management and regulatory compliance and guides how AI is managed within an organization.

Risk 70

Risk Modeling Management Metadata 70