O'Reilly on Data

JULY 15, 2019

After the 2008 financial crisis, the Federal Reserve issued a new set of guidelines governing models— SR 11-7 : Guidance on Model Risk Management. Note that the emphasis of SR 11-7 is on risk management.). Sources of model risk. Machine learning developers are beginning to look at an even broader set of risk factors.

Machine Learning 52

Machine Learning Management Enterprise Risk Management 52

CIO Business Intelligence

JANUARY 23, 2024

Regardless of where organizations are in their digital transformation, CIOs must provide their board of directors, executive committees, and employees definitions of successful outcomes and measurable key performance indicators (KPIs). He suggests, “Choose what you measure carefully to achieve the desired results.

Measurement 141

Measurement Digital Transformation KPI Metrics 141

CIO Business Intelligence

OCTOBER 17, 2024

According to the indictment, Jain’s firm provided fraudulent certification documents during contract negotiations in 2011, claiming that their Beltsville, Maryland, data center met Tier 4 standards, which require 99.995% uptime and advanced resilience features. “If By then, the Commission had spent $10.7 million on the contract​.

Broadcasting 122

Broadcasting Risk Reporting Measurement 122

CIO Business Intelligence

AUGUST 21, 2024

It wasn’t just a single measurement of particulates,” says Chris Mattmann, NASA JPL’s former chief technology and innovation officer. “It It was many measurements the agents collectively decided was either too many contaminants or not.” They also had extreme measurement sensitivity. Adding smarter AI also adds risk, of course.

Risk 136

Risk Insurance Cost-Benefit Software 136

CIO Business Intelligence

DECEMBER 20, 2024

As concerns about AI security, risk, and compliance continue to escalate, practical solutions remain elusive. as AI adoption and risk increases, its time to understand why sweating the small and not-so-small stuff matters and where we go from here. AI usage may bring the risk of sensitive data exfiltration through AI interactions.

Risk 105

Risk Measurement Modeling Interactive 105

CIO Business Intelligence

APRIL 8, 2025

Fragmented systems, inconsistent definitions, legacy infrastructure and manual workarounds introduce critical risks. The decisions you make, the strategies you implement and the growth of your organizations are all at risk if data quality is not addressed urgently. Manual entries also introduce significant risks.

Data Quality 102

Data Quality Data-driven Key Performance Indicator Metadata 102

CIO Business Intelligence

MARCH 5, 2025

Top impacts of digital friction included: increased costs (41%)increased frustration while conducting work (34%) increased security risk (31%) decreased efficiency (30%) lack of data for quality decision-making (30%) are top impacts. But organizations within the energy industry are in an especially precarious situation.

Management 86

Management Data-driven Cost-Benefit Risk 86

CIO Business Intelligence

JANUARY 21, 2025

As a secondary measure, we are now evaluating a few deepfake detection tools that can be integrated into our business productivity apps, in particular for Zoom or Teams, to continuously detect deepfakes. Companies like CrowdStrike have documented that their AI-driven systems can detect threats in under one second.

Behavioral Analytics 122

Behavioral Analytics Data-driven Risk Insurance 122

CIO Business Intelligence

DECEMBER 19, 2024

The primary goal for Eddingfield and his team was to improve change management processes and reduce the risk of failed changes by implementing collision detection and impact analysis. They automated remediation and significantly improved MTTR and overall service quality.

IT 98

IT Insurance Cost-Benefit Optimization 98

Smart Data Collective

APRIL 19, 2021

But in most instances, the real risk comes from within. From conversing on personal devices (BYODs) to sending documents to the wrong recipient, or using unsecured applications for transfers, the risk for potential leaks is high. Around 66% of all data leaks are caused by employees making mistakes with digital records.

Risk 126

Risk Management Measurement Optimization 126

Smart Data Collective

MAY 7, 2023

million —and organizations are constantly at risk of cyber-attacks and malicious actors. In order to protect your business from these threats, it’s essential to understand what digital transformation entails and how you can safeguard your company from cyber risks. What is cyber risk?

Digital Transformation 129

Digital Transformation Risk Strategy Testing 129

CIO Business Intelligence

JANUARY 3, 2024

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. Model training Vendors training their models on customer data isn’t the only training-related risk of generative AI.

Risk 131

Risk Enterprise Modeling Marketing 131

CIO Business Intelligence

JANUARY 30, 2025

The aim is to provide a framework that encourages early implementation of some of the measures in the act and to encourage organizations to make public the practices and processes they are implementing to achieve compliance even before the statutory deadline.In

Enterprise 128

Enterprise Risk Reporting Measurement 128

DataKitchen

NOVEMBER 5, 2024

Finally, the challenge we are addressing in this document – is how to prove the data is correct at each layer.? An iterative DataOps cycle starts with measuring data to establish a baseline, followed by evaluating data quality through scoring systems that assess key metrics like accuracy, completeness, and consistency.

Data Quality 195

Data Quality Testing Metrics Reporting 195

Smart Data Collective

SEPTEMBER 7, 2021

Properly safeguard physical documents. You and your employees should treat sensitive paper documents with the same level of attention as you treat your online transactions. If the record has served its purpose in your office, keeping it around might be an unnecessary security risk. Ensure you encrypt your data.

Strategy 140

Strategy Risk Measurement IT 140

CIO Business Intelligence

FEBRUARY 21, 2025

Change requests affecting critical aspects of the solution were accepted late in the implementation cycle, creating unnecessary complexity and risk. When this review finally occurred and identified key issues, its findings were ignored, highlighting a systemic failure in the councils risk management approach, the report added.

Reporting 90

Reporting Risk Testing Risk Management 90

Smart Data Collective

FEBRUARY 14, 2023

However, it is important to understand the benefits and risks associated with cloud computing before making the commitment. With cloud computing, documents are saved online instead of locally, so they can be accessed from any device with an internet connection. An estimated 94% of enterprises rely on cloud computing.

Risk 119

Risk Cost-Benefit Software Technology 119

datapine

APRIL 15, 2020

Working software over comprehensive documentation. The agile BI implementation methodology starts with light documentation: you don’t have to heavily map this out. But before production, you need to develop documentation, test driven design (TDD), and implement these important steps: Actively involve key stakeholders once again.

Business Intelligence 276

Business Intelligence Analytics Testing Dashboards 276

O'Reilly on Data

DECEMBER 12, 2019

1] This includes C-suite executives, front-line data scientists, and risk, legal, and compliance personnel. These recommendations are based on our experience, both as a data scientist and as a lawyer, focused on managing the risks of deploying ML. That’s where model debugging comes in. Sensitivity analysis. Residual analysis.

Machine Learning 276

Machine Learning Modeling Testing Risk Management 276

O'Reilly on Data

MARCH 20, 2019

Like many others, I’ve known for some time that machine learning models themselves could pose security risks. An attacker could use an adversarial example attack to grant themselves a large loan or a low insurance premium or to avoid denial of parole based on a high criminal risk score. Newer types of fair and private models (e.g.,

Modeling 278

Modeling Machine Learning Predictive Modeling Consulting 278

O'Reilly on Data

JULY 20, 2021

Few things within a home are restricted–possibly a safe with important documents. It comes down to a key question: is the risk associated with an action greater than the trust we have that the person performing the action is who they say they are? There is a tradeoff between the trust and risk.

Risk 331

Risk Software Interactive Modeling 331

Jet Global

DECEMBER 21, 2020

In the more modern terminology of business, we could rephrase that to say “be careful about concentration risk.”. When an organization is too reliant on one company or market segment to drive revenue or ensure an adequate product supply, it creates concentration risk. Vendor Concentration Risk. Fourth-Party Concentration Risk.

Risk 98

Risk Sales Reporting Forecasting 98

CIO Business Intelligence

JANUARY 30, 2025

These changes can expose businesses to risks and vulnerabilities such as security breaches, data privacy issues and harm to the companys reputation. It also includes managing the risks, quality and accountability of AI systems and their outcomes. Essentially to match their IT goals with their business goals. AI governance.

Testing 93

Testing Metrics Cost-Benefit Modeling 93

datapine

SEPTEMBER 29, 2022

5) How Do You Measure Data Quality? In this article, we will detail everything which is at stake when we talk about DQM: why it is essential, how to measure data quality, the pillars of good quality management, and some data quality control techniques. These processes could include reports, campaigns, or financial documentation.

Data Quality 241

Data Quality Metrics Data-driven Management 241

Rocket-Powered Data Science

FEBRUARY 15, 2023

3) How do we get started, when, who will be involved, and what are the targeted benefits, results, outcomes, and consequences (including risks)? (2) Why should your organization be doing it and why should your people commit to it? (3) In short, you must be willing and able to answer the seven WWWWWH questions (Who?

Strategy 290

Strategy Experimentation Uncertainty Machine Learning 290

CIO Business Intelligence

JUNE 27, 2024

Trade associations like the DPA may play a role in supporting the enforcement of such legislation and advocating for other similar measures. They must also introduce operational processes document and disclose copyright-related information during dataset creation.”

Risk 128

Risk Measurement Risk Management Data-driven 128

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

MARCH 3, 2024

One component of corporate IT that has long been ‘in range’ for cyber criminals that is often overlooked when protection measures are being put in place are multifunction printers – widely used in almost every organisation. Fortunately, there are tools available to deal with the specific security challenges presented by printers.

IT 111

IT Measurement Risk Reporting 111

datapine

FEBRUARY 22, 2022

This includes defining the main stakeholders, assessing the situation, defining the goals, and finding the KPIs that will measure your efforts to achieve these goals. Improved risk management: Another great benefit from implementing a strategy for BI is risk management. On the flip side, document everything that isn’t working.

Business Intelligence 218

Business Intelligence Strategy Cost-Benefit Dashboards 218

Smart Data Collective

MAY 7, 2023

Some of them are: Business formation documents Employment records Business asset records Tax returns and supporting documents Sales receipts Ledgers and registers Leases or mortgage documents Shareholder meeting minutes Bank and credit card statements Licenses and permits Insurance policies and records Loan documents.

Insurance 135

Insurance Cost-Benefit Measurement Data Processing 135

CIO Business Intelligence

MAY 2, 2024

Security and risk management pros have a lot keeping them up at night. The digital injection attack A digital injection attack is when someone “injects” fake data, including AI-generated documents, photos, and biometrics images, into the stream of information received by an identity verification (IDV) platform.

Strategy 115

Strategy Risk Management Risk Measurement 115

CIO Business Intelligence

NOVEMBER 15, 2023

When Bedi talks of enhancing “agent” productivity, he uses the term broadly to mean HR staff, IT service desk operatives, customer service agents, and sales staff, all of whom can benefit from generative AI’s ability to find answers in masses of documentation. Measurement is key, he says. It’s not like we need less software engineers.

Measurement 134

Measurement Digital Transformation Metrics Sales 134

Smart Data Collective

DECEMBER 21, 2020

Insurers are already using AI to select rates for customers and measure the risk they may pose, but how will it directly be of use in claims processing? Capturing data from documents. It involves identifying crucial information from documents and extracting it right away, so the customer’s journey is smoother and shorter.

Insurance 142

Insurance Cost-Benefit Big Data Unstructured Data 142

Smart Data Collective

SEPTEMBER 30, 2021

Sometimes the most advanced security measure you can take is to cover the basics. In both cases, keeping the systems updated and backing up sensitive data can help you mitigate the risks. . You need to make sure that these security policies are both properly structured and carefully followed in order to prevent any security risks.

Measurement 138

Measurement Risk Software Reporting 138

CIO Business Intelligence

AUGUST 1, 2023

It would also empower linguists to translate historical documents. But digitizing the project could help collect all those materials in one place, giving everyone access to instant copies of these vital historical documents. Our measure of success is that nearly two dozen instances of ILDA have been created to date,” says Tepe.

Risk 98

Risk IT Software Digital Transformation 98

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

AUGUST 21, 2024

million in 2024 1 – and thus take the necessary steps to reduce cyber risk. Closely related to defense in depth is a zero trust architecture, where the cloud company basically assumes all potential users are unauthorized until they prove otherwise, using various AAA measures including multi-factor authentication.

Strategy 124

Strategy Measurement Risk Reporting 124