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 111

Digital Transformation Risk Testing Strategy 111

DataRobot Blog

NOVEMBER 17, 2022

What’s your AI risk mitigation plan? Just as you wouldn’t set off on a journey without checking the roads, knowing your route, and preparing for possible delays or mishaps, you need a model risk management plan in place for your machine learning projects. Document Design and Deployment For Regulations and Clarity.

Risk Management 52

Risk Management Risk Modeling Management 52

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 125

Risk Management Measurement Optimization 125

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 103

Risk Cost-Benefit Software Technology 103

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 Testing 111

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 includes processes that trace and document the origin of data, models and associated metadata and pipelines for audits.

Risk 70

Risk Modeling Management Metadata 70

CIO Business Intelligence

NOVEMBER 19, 2024

Generative AI (GenAI) is rapidly emerging as a game changer for enterprises, but turning its potential into measurable value remains a significant challenge. Solution: Use explainable AI (XAI) techniques and maintain clear documentation of AI decision-making processes.

Consulting 126

Consulting Cost-Benefit Experimentation Optimization 126

DataRobot Blog

JUNE 27, 2022

If the assumptions are being breached due to fundamental changes in the process being modeled, the deployed system is not likely to serve its intended purpose, thereby creating further model risk that the institution must manage. These observations would have spanned a distribution, which the model leveraged to make its forecasts.

Risk 59

Risk Modeling Metrics Measurement 59

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 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

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 Strategy 128

CIO Business Intelligence

AUGUST 15, 2024

As organisations adjust to managing remote and hybrid teams, supporting digital transformation, and navigating an uncertain and volatile global economy, they face an ever-expanding landscape of vulnerabilities and increasing risk. Home printers pose an additional risk, particularly those that were purchased by employees.

Risk 110

Risk Digital Transformation Finance Marketing 110

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

CIO Business Intelligence

OCTOBER 4, 2024

This will help to not only mitigate immediate risks, but strengthen long-term resilience. It may happen that sensitive information is affected in this process, so it’s crucial that client companies agree on measures to protect these assets during the execution of the contract. “If

IT 121

IT Measurement Risk Strategy 121

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

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

AUGUST 1, 2024

But more recently, executive management has asked IT to justify these projects by documenting the benefits and value to the business. Focusing on improving the most important metrics that are already being measured can be a valuable shortcut. Nowadays, management wants return on investment (ROI) calculations as part of any AI proposal.

ROI 105

ROI Metrics Measurement Risk 105

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 126

Strategy Risk Measurement IT 126

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

CIO Business Intelligence

JULY 1, 2024

By documenting cases where automated systems misbehave, glitch or jeopardize users, we can better discern problematic patterns and mitigate risks. Lastly, CLTR said, capacity to monitor, investigate, and respond to incidents needs to be enhanced through measures such as the establishment of a pilot AI incident database.

Reporting 129

Reporting Risk Management Experimentation Risk 129

CIO Business Intelligence

JUNE 28, 2024

And in those cost-saving measures, IT has a vital role, according to IT director Niclas Lamberg. One area he particularly highlights is the possibilities of being able to better predict where maintenance is needed or where there’s risk of incidents. Which risks you’re prepared to live with and which must be worked out.

Cost-Benefit 105

Cost-Benefit Measurement ROI Risk 105

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. What Is Model Risk?

Risk Management 64

Risk Management Risk Modeling Enterprise 64

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

OCTOBER 2, 2024

Risk management Imagine if you had to evacuate a six-mile radius due to a toxic substance being released into the air from one of your plants, such as what happened in 2020 at a well-known company’s food plant in Camilla, GA. Identify gaps related to ethics, transparency, risk and compliance.

Gap analysis 119

Gap analysis Risk Manufacturing Data Governance 119

IBM Big Data Hub

MAY 28, 2024

A data protection strategy is a set of measures and processes to safeguard an organization’s sensitive information from data loss and corruption. It can also help them reduce vulnerabilities and ensure data is efficiently managed, compliant with regulations, and not at risk of misuse or loss. What is a data protection strategy?

Strategy 81

Strategy Measurement Risk Cost-Benefit 81

Cloudera

JUNE 12, 2024

Traditional machine learning (ML) models enhance risk management, credit scoring, anti-money laundering efforts and process automation. Some of the biggest and well-known financial institutions are already realizing value from AI and GenAI: JPMorgan Chase uses AI for personalized virtual assistants and ML models for risk management.

Finance 76

Finance Risk Management Risk Data-driven 76

CIO Business Intelligence

MAY 1, 2024

Very specific successes There are gen AI success stories in verticals like document engineering, where Docugami offers custom small language models that build a knowledge graph from a customer’s own complex documents, and can be used for both document generation and to extract data. What are you measuring?

Cost-Benefit 143

Cost-Benefit Metrics Insurance Measurement 143

CIO Business Intelligence

JUNE 13, 2024

Ryan O’Leary: “The big ethical challenges are the risks of misinformation, biases, and potential privacy breaches. RO: “Companies can start by rigorously vetting training data to make sure it is diverse and representative, thereby reducing the risk of bias. Read on for his thoughts.

Forecasting 137

Forecasting Risk Finance Machine Learning 137

Cloudera

FEBRUARY 1, 2024

Day 0 — Design and Preparation: Focuses on designing and preparing for your installation, including gathering requirements, planning architecture, allocating resources, setting up network and security, and documentation creation. Security considerations: define security policies and implement necessary measures to protect data and resources.

Optimization 80

Optimization Measurement Testing Publishing 80

CIO Business Intelligence

JUNE 21, 2024

A service-level agreement (SLA) defines the level of service expected by a customer from a supplier, laying out metrics by which that service is measured, and the remedies or penalties, if any, should service levels not be achieved. This may be measured by time slot, with, for example, 99.5 What is an SLA? What’s in an SLA?

Metrics 96

Metrics Measurement Cost-Benefit Key Performance Indicator 96

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 111

Insurance Cost-Benefit Measurement Data Processing 111

bridgei2i

APRIL 23, 2020

The banking sector globally is definitely going to see impact, some more grave than the others and most of them are announcing short to mid term measure both from a customer and business risk mitigation standpoint. Europe is in worse shape than America, with banks in UK, Italy and Germany in the risk of being in red.

Risk 52

Risk Management Scorecard Forecasting 52

CIO Business Intelligence

MAY 15, 2024

Part of the goal of this proposal is to find patterns, inform others of possible risks, and help affected businesses in a timely manner. This could include: Implementing comprehensive security measures to ensure you have strong visibility of your assets and risk exposure.

Reporting 119

Reporting Risk Data-driven Measurement 119

CIO Business Intelligence

AUGUST 20, 2024

CIOs have a new opportunity to communicate a gen AI vision for using copilots and improve their collaborative cultures to help accelerate AI adoption while avoiding risks. They must define target outcomes, experiment with many solutions, capture feedback, and seek optimal paths to delivering multiple objectives while minimizing risks.

IT 141

IT Digital Transformation Experimentation Risk 141

IBM Big Data Hub

JANUARY 22, 2024

An organization must establish and document its legal basis before collecting any data. According to the GDPR principle of purpose limitation, controllers must have an identified and documented purpose for collecting data. ” The organization documents all data processing activities.

Measurement 79

Measurement Risk Data Processing Data Collection 79

CIO Business Intelligence

SEPTEMBER 30, 2024

And like a frog in a pot, organizations are waking up to the potentially catastrophic risks of inaction. Once they ace an interview using genAI, threat actors then use widely-available deepfake tools to create fake ID documents and profile photos, often using the personal information of real US citizens.

Measurement 111

Measurement Visualization Software IT 111

CIO Business Intelligence

AUGUST 15, 2024

Many of those gen AI projects will fail because of poor data quality, inadequate risk controls, unclear business value , or escalating costs , Gartner predicts. CIOs should first launch internal projects with low public-facing exposure , which can mitigate risk and provide a controlled environment for experimentation.

ROI 143

ROI Cost-Benefit Experimentation Deep Learning 143