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

APRIL 21, 2022

And if you think you need metrics to manage you might be feeling guilty about not having enough of them. Good metrics are hard to craft, harder to manage, expensive to maintain, and perishable besides. Bad metrics, in contrast, are easier all the way around, but that doesn’t matter. Bad metrics are worse than no metrics.

Metrics 105

Metrics IT Cost-Benefit Measurement 105

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. AI governance is critical and should never be just a regulatory requirement.

Testing 93

Testing Metrics Cost-Benefit Modeling 93

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.

Machine Learning 276

Machine Learning Modeling Testing Risk Management 276

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

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

CIO Business Intelligence

MARCH 19, 2025

Mark Brooks, who became CIO of Reinsurance Group of America in 2023, did just that, and restructured the technology organization to support the platform, redefined the programs success metrics, and proved to the board that IT is a good steward of the dollar. This can cause risk without a clear business case.

Metrics 64

Metrics Enterprise Cost-Benefit Experimentation 64

Jet Global

MAY 15, 2020

A financial Key Performance Indicator (KPI) or metric is a quantifiable measure that a company uses to gauge its financial performance over time. These three statements are data rich and full of financial metrics. The Fundamental Finance KPIs and Metrics – Cash Flow. What is a Financial KPI? Current Ratio. View Guide Now.

Metrics 98

Metrics Finance Reporting KPI 98

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

datapine

AUGUST 12, 2020

In your daily business, many different aspects and ‘activities’ are constantly changing – sales trends and volume, marketing performance metrics, warehouse operational shifts, or inventory management changes. The next in our rundown of dynamic business reports examples comes in the form of our specialized SaaS metrics dashboard.

Reporting 297

Reporting Dashboards Visualization Cost-Benefit 297

Smart Data Collective

SEPTEMBER 17, 2020

Some prominent banking institutions have gone the extra mile and introduced software to analyze every document while recording any crucial information that these documents may carry. Here are a few of the advantages of Big Data in the banking and financial industry: Improvement in risk management operations.

Big Data 145

Big Data Finance Risk Management Risk 145

CIO Business Intelligence

JANUARY 23, 2024

For example, McKinsey suggests five metrics for digital CEOs , including the financial return on digital investments, the percentage of leaders’ incentives linked to digital, and the percentage of the annual tech budget spent on bold digital initiatives. As a result, outcome-based metrics should be your guide.

Measurement 141

Measurement Digital Transformation KPI Metrics 141

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

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. As AI can recognize written text using document capture technology, it’s far easier for insurers to swiftly manage high volumes of claim forms.

Insurance 142

Insurance Cost-Benefit Big Data Unstructured Data 142

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.

Cost-Benefit 143

Cost-Benefit Metrics Insurance Measurement 143

Jet Global

MARCH 4, 2020

A manufacturing Key Performance Indicator (KPI) or metric is a well defined and quantifiable measure that the manufacturing industry uses to gauge its performance over time. The only way to stay ahead in this fiercely competitive industry is through the implementation of manufacturing KPIs and metrics. What Is A Manufacturing KPI?

Manufacturing 80

Manufacturing Metrics Reporting KPI 80

CIO Business Intelligence

MAY 2, 2023

Worse is when prioritized initiatives don’t have a documented shared vision, including a definition of the customer, targeted value propositions, and achievable success criteria. The risk of derailments increases as I hear inconsistent answers or too many conflicting priorities.

Digital Transformation 141

Digital Transformation IT Data-driven Data Quality 141

DataRobot Blog

SEPTEMBER 1, 2022

Imagine yourself as a pilot operating aircraft through a thunderstorm; you have all the dashboards and automated systems that inform you about any risks. This also shows how the models compare on standard performance metrics and informative visualizations like Dual Lift. Model Observability with Custom Metrics.

Metrics 145

Metrics Statistics Modeling Data Science 145

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. To reference SR 11-7: .

Risk 64

Risk Modeling Machine Learning Data Quality 64

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. Dev teams can use existing metrics as guideposts for application design, evaluating the current apps to identify the most beneficial ways to use AI. This is a smart move.

ROI 105

ROI Metrics Measurement Risk 105

DataKitchen

DECEMBER 6, 2022

The document they wrote is exceptionally close to what we see in the market and what our products do ! This document is essential because buyers look to Gartner for advice on what to do and how to buy IT software. Observability : Monitoring live/historic workflows, insights into workflow performance, and cost metrics impact analysis.

Software 130

Software Marketing Data Lake Testing 130

datapine

JANUARY 18, 2023

A report is a document that presents relevant business information in an organized and understandable format. This insightful report displays relevant metrics such as the top-performing agents, net promoter score, and first contact resolution rate, among others. Let’s get started with a brief report definition.

Reporting 201

Reporting Metrics Dashboards Visualization 201

CIO Business Intelligence

SEPTEMBER 17, 2024

All this while CIOs are under increased pressure to deliver more competitive capabilities, reduce security risks, connect AI with enterprise data, and automate more workflows — all areas where architecture disciplines have a direct role in influencing outcomes.

Enterprise 145

Enterprise Digital Transformation Cost-Benefit Risk 145

AWS Big Data

JULY 29, 2024

You will learn about an open-source solution that can collect important metrics from the Iceberg metadata layer. Based on collected metrics, we will provide recommendations on how to improve the efficiency of Iceberg tables. Key features This solution uses an AWS Lambda deployment package to collect metrics from Apache Iceberg tables.

Metadata 118

Metadata Snapshot Data Lake Metrics 118

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. Make a sales rep who joins Monday infinitely knowledgeable.”

Measurement 134

Measurement Digital Transformation Metrics Sales 134

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

CIO Business Intelligence

MAY 25, 2023

Deneen DeFiore is a Hall of Fame technology executive who currently serves as vice president and chief information security officer at United Airlines, where she leads the cybersecurity and digital risk organization to ensure the company is prepared to prevent, detect, and respond to evolving cyber threats. What are the metrics you focus on?

Metrics 111

Metrics Risk Marketing Measurement 111

CIO Business Intelligence

MAY 13, 2024

It focuses on three core areas of documentation: compliance, risk management, and model lifecycle management — processes IBM says are intertwined. Documentation begins with the initial phase of model lifecycle management and continues through every change and metric essential to the model adoption process, including its use case.

Machine Learning 122

Machine Learning Risk Enterprise Modeling 122

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. Monitoring Model Metrics. Figure 1: Data drift tab of a deployed DataRobot model.

Risk 59

Risk Modeling Metrics Measurement 59

datapine

NOVEMBER 27, 2019

This is one of the major trends chosen by Gartner in their 2020 Strategic Technology Trends report , combining AI with autonomous things and hyperautomation, and concentrating on the level of security in which AI risks of developing vulnerable points of attacks. Industries harness predictive analytics in different ways.

Business Intelligence 361

Business Intelligence Analytics Prescriptive Analytics Data Quality 361

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. Metrics should be designed so bad behavior by either party is not rewarded. What is an SLA?

Metrics 96

Metrics Measurement Cost-Benefit Key Performance Indicator 96

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

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

DataRobot Blog

JULY 21, 2022

Data scientists need to understand the business problem and the project scope to assess feasibility, set expectations, define metrics, and design project blueprints. Outline clear metrics to measure success. Document assumptions and risks to develop a risk management strategy. Define project scope.

Machine Learning 98

Machine Learning Metrics Modeling Testing 98

CIO Business Intelligence

APRIL 8, 2024

Working with partner Amazon Web Services (AWS), the NFL has developed Digital Athlete, a platform that uses computer vision and ML to predict which players are at the highest risk of injury based on plays and their body positions. million video frames and documents about 100 million locations and positions of players on the field.

Analytics 118

Analytics Broadcasting Predictive Analytics Machine Learning 118

CIO Business Intelligence

SEPTEMBER 20, 2023

The writing process builds trust, and a documented vision builds a shared understanding of priorities. Equally important, the documented vision is a tool for agile teams to make implementation decisions when there are multiple ways to solve problems, each with different benefits and tradeoffs.

Digital Transformation 135

Digital Transformation Uncertainty Metrics Business Objectives 135

CIO Business Intelligence

MAY 9, 2022

While strong ROI is compelling, so is the fact that people issues are one of the top enterprise risks. ISO 30414 reflects the enterprise risks of neglecting the people aspect of corporate activities, and it shines a light on the contributions of an organization’s people. Establish a North Star.

Technology 97

Technology ROI Metrics Digital Transformation 97