CIO Business Intelligence

NOVEMBER 19, 2024

If expectations around the cost and speed of deployment are unrealistically high, milestones are missed, and doubt over potential benefits soon takes root. The right tools and technologies can keep a project on track, avoiding any gap between expected and realized benefits. But this scenario is avoidable.

Analytics 97

Analytics Cost-Benefit Finance Data-driven 97

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 116

Risk IT Insurance Risk Management 116

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

CIO Business Intelligence

MARCH 19, 2025

There are risks around hallucinations and bias, says Arnab Chakraborty, chief responsible AI officer at Accenture. Mitre has also tested dozens of commercial AI models in a secure Mitre-managed cloud environment with AWS Bedrock. And EY uses AI agents in its third-party risk management service.

Software 143

Software Risk Enterprise Cost-Benefit 143

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 117

Machine Learning Risk Cost-Benefit Marketing 117

CIO Business Intelligence

DECEMBER 10, 2024

Bogdan Raduta, head of AI at FlowX.AI, says, Gen AI holds big potential for efficiency, insight, and innovation, but its also absolutely important to pinpoint and measure its true benefits. That gives CIOs breathing room, but not unlimited tether, to prove the value of their gen AI investments.

Sales 143

Sales Metrics Data-driven Unstructured Data 143

CIO Business Intelligence

JANUARY 14, 2025

Technical foundation Conversation starter : Are we maintaining reliable roads and utilities, or are we risking gridlock? DevSecOps maturity Conversation starter : Are our daily operations stuck in manual processes that slow us down or expose us to risks? Like a citys need for reliable infrastructure and well-maintained services.

Enterprise 119

Enterprise Technology Metrics Measurement 119

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

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

Domino Data Lab

AUGUST 6, 2021

Model Risk Management is about reducing bad consequences of decisions caused by trusting incorrect or misused model outputs. Systematically enabling model development and production deployment at scale entails use of an Enterprise MLOps platform, which addresses the full lifecycle including Model Risk Management.

Risk Management 64

Risk Management Risk Modeling Enterprise 64

John Wheeler

NOVEMBER 25, 2020

Integrated risk management (IRM) technology is uniquely suited to address the myriad of risks arising from the current crisis and future COVID-19 recovery. Re-starting business operations will require risk visibility not only across the organization but vertically down through the organization as well. Key Findings.

Marketing 110

Marketing Risk Management Risk Digital Transformation 110

datapine

FEBRUARY 22, 2022

2) BI Strategy Benefits. Without real-time insight into their data, businesses remain reactive, miss strategic growth opportunities, lose their competitive edge, fail to take advantage of cost savings options, don’t ensure customer satisfaction… the list goes on. Benefits Of Implementing a BI Strategy. Table of Contents.

Business Intelligence 218

Business Intelligence Strategy Cost-Benefit Dashboards 218

CIO Business Intelligence

DECEMBER 9, 2024

The transformative impact of artificial intelligence (AI)and, in particular, generative AI (GenAI)emerged as a defining theme at the CSO Conference & Awards 2024: Cyber Risk Management. Meanwhile, sessions like Crossroads of AppSec & GenAI highlighted the operational risks generative AI introduces to application security.

Cost-Benefit 64

Cost-Benefit Risk Risk Management Predictive Analytics 64

erwin

MARCH 25, 2021

And with many competing projects and activities vying for people’s time, it must be clear to people why choosing data governance activities will have a direct benefit to them. Usually we talk about benefits which are rather qualitative measures, but what we need for decision-making processes are values,” Pörschmann says. “We

Data Governance 109

Data Governance Cost-Benefit IT Risk 109

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. Benefits of AI and IoT in Businesses. The advantages of IoT and AI could be combined to reap the full benefits of both.

IoT 145

IoT Internet of Things Cost-Benefit Consulting 145

CIO Business Intelligence

APRIL 10, 2024

Cyber GRC software company Cypago has announced a new automation solution for artificial intelligence (AI) governance, risk management and compliance. Its heightened security measures for AI-based systems help keep data and software secure, reducing the risk of cyber threats, data breaches and regulatory violations.

Risk Management 119

Risk Management Cost-Benefit Risk Measurement 119

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

SEPTEMBER 17, 2024

Moreover, undertaking digital transformation and technology modernization programs without an architect can lead to delays, technical debt , higher costs, and security vulnerabilities. Mounting technical debt and extending the life of legacy systems are key risks CIOs should be paranoid about.

Enterprise 145

Enterprise Digital Transformation Cost-Benefit Risk 145

CIO Business Intelligence

SEPTEMBER 10, 2024

As a result, software supply chains and vendor risk management are becoming ever more vital (and frequent) conversations in the C-suite today, as companies seek to reduce their exposure to outages and the business continuity issues of key vendors their businesses depend on. “We We now are paying much more attention to it,” he says.

Risk Management 130

Risk Management Risk Enterprise Insurance 130

CIO Business Intelligence

DECEMBER 14, 2023

AI can help with all of these challenges via manufacturing-specific use cases that benefit manufacturers, their employees, and their customers. Process optimization In manufacturing, process optimization that maximizes quality, efficiency, and cost-savings is an ever-present goal. Here’s how.

Manufacturing 143

Manufacturing Cost-Benefit Unstructured Data Optimization 143

CIO Business Intelligence

MAY 9, 2024

Driving business benefits Companies seeking CAIOs are looking to reap myriad benefits from AI adoption, ranging from improved decision-making, to increased efficiency of business processes, higher-quality services, profitability, talent management, customer experience, and innovation.

Risk Management 138

Risk Management Cost-Benefit Risk Technology 138

CIO Business Intelligence

OCTOBER 30, 2023

And this goes for government organizations as well as private corporations, as adaptability enables improved mission effectiveness, improved citizen service, increased operational efficiency, faster response times, the ability to do more with less, and reduced costs.

Digital Transformation 143

Digital Transformation Risk Management IoT Cost-Benefit 143

Decision Management Solutions

APRIL 23, 2019

, in which he states there are only three levers of value in insurance: Sell More, Manage Risk Better (aka underwriting and adjusting), and Cost Less to Operate. Let’s dive into greater detail on the second lever – Manage Risk Better. Insurers can also manage risk more effectively through continuous improvement.

Insurance 69

Insurance Risk Technology Management 69

CIO Business Intelligence

APRIL 7, 2022

In the past, investing too little in security meant accepting a higher risk of intrusions that could lead to significant financial pain. Underinvesting in security now means accepting a higher risk of being knocked entirely out of business. The real risk of IT leadership. Ransomware has changed the game. The chargeback trap.

Risk Management 122

Risk Management Risk Cost-Benefit Management 122

Smart Data Collective

JULY 19, 2021

When you decide to relocate or broaden your data center, you need to take into account the costs, operational capability, and security. Benefits Of Data Center Colocation. Risk Management. This is probably the second most adored benefit of data center colocation solutions.

Cost-Benefit 133

Cost-Benefit Risk Management Risk Consulting 133

CIO Business Intelligence

MARCH 19, 2025

If sustainability-related data projects fail to demonstrate a clear financial impact, they risk being deprioritized in favor of more immediate business concerns. Insufficient resource allocation for ESG data initiatives Managing sustainability data requires robust governance, analytics capabilities and cross-functional collaboration.

IT 59

IT Data Governance Data-driven Metrics 59

erwin

AUGUST 20, 2020

Benefits of Enterprise Architecture. Through EA, organizations benefit from a context-rich, top-down and holistic perspective of their structure, including its limitations and potential. Benefits of Enterprise Architecture. Benefits of Enterprise Architecture. The benefits of EA include: Better decision-making.

Enterprise 140

Enterprise Cost-Benefit Risk Data Governance 140

John Wheeler

OCTOBER 21, 2019

Over the past month, I’ve been speaking to various groups to help them prepare for the onslaught of digital risks in their organizations. A common theme is the need for greater risk quantification beyond the realm of traditional, qualitative governance, risk and compliance (GRC) approaches.

Risk 53

Risk Risk Management Digital Transformation Insurance 53

Smart Data Collective

OCTOBER 13, 2021

One of the biggest benefits of AI is that it has led to new breakthroughs in automation. Process automation eliminates the need for paper and physical storage space, cutting costs and allowing you to redirect the savings towards strategic technology investments that help you stay competitive. Automate processes.

Technology 133

Technology Cost-Benefit Experimentation Machine Learning 133

CIO Business Intelligence

AUGUST 30, 2024

As HR technology evolves, professionals in the sector need to understand not only how the solutions function, but how to extract the most benefit from emerging system capabilities. The best way to accomplish this is through human resources information management (HRIM) and human resources information systems (HRIS) certification.

Cost-Benefit 118

Cost-Benefit Risk Management Strategy Testing 118

CIO Business Intelligence

NOVEMBER 21, 2023

Ask IT leaders about their challenges with shadow IT, and most will cite the kinds of security, operational, and integration risks that give shadow IT its bad rep. That’s not to downplay the inherent risks of shadow IT.

IT 137

IT Risk Cost-Benefit Data Science 137

IBM Big Data Hub

MAY 31, 2024

But the rates of exploration of AI use cases and deployment of new AI-powered tools have been slower in the public sector because of potential risks. Driving innovation for tax agencies with trust in mind Tax or revenue management agencies are a part of the public sector that might likely benefit from the use of responsible AI tools.

Cost-Benefit 98

Cost-Benefit Risk Risk Management Reporting 98

Smart Data Collective

OCTOBER 28, 2020

That’s a problem since old software quickly becomes a security risk. Large, urban hospital systems are far more likely to focus on liability and risk management in their archival process; the sheer volume of data on hand can represent a cybersecurity risk for these systems. Big Data, Big Costs.

Cost-Benefit 137

Cost-Benefit Risk Metadata Big Data 137

CIO Business Intelligence

JULY 26, 2024

It also means some individual cloud projects fail, there’s been a change of provider, or there’s some disillusionment regarding costs of new cloud operating models. And more than 22% of respondents are still asking themselves about the benefits or ROI after they’ve started their cloud journey.

Digital Transformation 143

Digital Transformation Cost-Benefit Data Processing Risk 143

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

AUGUST 14, 2022

In addition to vulnerability assessment, DLP improves system administrators’ visibility – they can track how every user accesses data and bring the risk of a data leak to a minimum. When the people responsible for managing data transit know its course and actions, it’s easier to protect PII and IP. Building a DLP Plan.

Risk 139

Risk Cost-Benefit Reporting Software 139

CIO Business Intelligence

JULY 15, 2022

While working with IT vendors can help ease the burden on IT, it also raises concerns, especially around data, risk, and security. Benefits of vendor management. But by establishing a point-person who is focused on managing that vendor relationship, a strong dynamic partnership can be formed.

Management 122

Management Cost-Benefit Risk Software 122