Remove Data-driven Remove Measurement Remove Risk
article thumbnail

7 risk management rules every CIO should follow

CIO Business Intelligence

Risk is inescapable. 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.

article thumbnail

How resilient CIOs future-proof to mitigate risks

CIO Business Intelligence

This year saw emerging risks posed by AI , disastrous outages like the CrowdStrike incident , and surmounting software supply chain frailties , as well as the risk of cyberattacks and quantum computing breaking todays most advanced encryption algorithms. To respond, CIOs are doubling down on organizational resilience.

Risk 105
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Beyond “Prompt and Pray”

O'Reilly on Data

The Evolution of Expectations For years, the AI world was driven by scaling laws : the empirical observation that larger models and bigger datasets led to proportionally better performance. Security Letting LLMs make runtime decisions about business logic creates unnecessary risk. Development velocity grinds to a halt.

article thumbnail

How Insurance Companies Use Data To Measure Risk And Choose Rates

Smart Data Collective

The auto insurance industry has always relied on data analysis to inform their policies and determine individual rates. With the technology available today, there’s even more data to draw from. The good news is that this new data can help lower your insurance rate. Demographics. Demographics. This includes: Age. Occupation.

Insurance 137
article thumbnail

10 AI strategy questions every CIO must answer

CIO Business Intelligence

How does our AI strategy support our business objectives, and how do we measure its value? Meanwhile, he says establishing how the organization will measure the value of its AI strategy ensures that it is poised to deliver impactful outcomes because, to create such measures, teams must name desired outcomes and the value they hope to get.

Strategy 141
article thumbnail

5 tips for better business value from gen AI

CIO Business Intelligence

Still, CIOs have reason to drive AI capabilities and employee adoption, as only 16% of companies are reinvention ready with fully modernized data foundations and end-to-end platform integration to support automation across most business processes, according to Accenture. These reinvention-ready organizations have 2.5

Sales 143
article thumbnail

12 Cloud Computing Risks & Challenges Businesses Are Facing In These Days

datapine

It provides better data storage, data security, flexibility, improved organizational visibility, smoother processes, extra data intelligence, increased collaboration between employees, and changes the workflow of small businesses and large enterprises to help them make better decisions while decreasing costs.

Risk 237