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 77

Finance Risk Management Risk Data-driven 77

IBM Big Data Hub

APRIL 21, 2023

The Corporate Sustainability Reporting Directive (CSRD) reached a provisional political agreement in June 2022, signaling it will take effect in January 2024 for all relevant companies. This move aims to achieve more complete and transparent sustainability reporting across the region. CSRD on track to enter into force in 2024.

Reporting 43

Reporting Metrics Risk Strategy 43

CIO Business Intelligence

DECEMBER 19, 2023

The analyst reports tell CIOs that generative AI should occupy the top slot on their digital transformation priorities in the coming year. Moreover, the CEOs and boards that CIOs report to don’t want to be left behind by generative AI, and many employees want to experiment with the latest generative AI capabilities in their workflows.

Digital Transformation 143

Digital Transformation Unstructured Data Machine Learning Risk Management 143

erwin

MARCH 12, 2020

It also highlights select enterprise architecture management suite (EAMS) vendors based on size and functionality, including erwin. The report notes six primary EA competencies in which we excel in the large vendor category: modeling, strategy translation, risk management, financial management, insights and change management.

Enterprise 85

Enterprise Reporting Management ROI 85

CIO Business Intelligence

NOVEMBER 21, 2023

There are ample reasons why 77% of IT professionals are concerned about shadow IT, according to a report from Entrust. At the same time, CIOs, CISOs, and compliance officers need to establish a risk management framework to quantify when shadow IT creates business issues or significant risks.

IT 137

IT Risk Cost-Benefit Risk Management 137

CIO Business Intelligence

MAY 24, 2022

Deloitte estimates that compliance costs for banks have increased by 60% since the financial crisis of 2008, and the Risk Management Association found that 50% of financial institutions spend 6 to 10% of their revenues on compliance. Streamline regulatory reporting. AI and automation can streamline this process.

Risk 145

Risk Reporting Marketing Risk Management 145

AWS Big Data

SEPTEMBER 26, 2024

Organizations are collecting and storing vast amounts of structured and unstructured data like reports, whitepapers, and research documents. End-users often struggle to find relevant information buried within extensive documents housed in data lakes, leading to inefficiencies and missed opportunities.

Data Lake 92

Data Lake Cost-Benefit Unstructured Data Modeling 92

CIO Business Intelligence

JUNE 27, 2024

“For instance, to comply with the Generative AI Copyright Disclosure Act, organizations will need to allocate workforce and budget for tracking and reporting copyrighted content, ensuring transparency, and complying with the disclosure requirements,” said Dai.

Risk 128

Risk Measurement Risk Management Strategy 128

CIO Business Intelligence

JUNE 26, 2023

The average mortgage requires 280 pages 2 of documents to be prepared, verified, and checked, contributing to an average cost of more than $11,000 in production expenses 3 per loan in the third quarter of 2022. Machine-managed risk Risk management is a top-of-mind issue for all financial services firms.

Data-driven 98

Data-driven Insurance Risk Risk Management 98

DataRobot Blog

JULY 22, 2022

At many organizations, the current framework focuses on the validation and testing of new models, but risk managers and regulators are coming to realize that what happens after model deployment is at least as important. Models built in the past may be embedded in reports, application systems, and business processes. White Paper.

Modeling 105

Modeling Risk Management Testing Risk 105

DataRobot Blog

APRIL 29, 2022

The stakes in managing model risk are at an all-time high, but luckily automated machine learning provides an effective way to reduce these risks. However, after the financial crisis, financial regulators around the world stepped up to the challenge of reigning in model risk across the financial industry.

Risk 111

Risk Modeling IT Risk Management 111

CIO Business Intelligence

SEPTEMBER 13, 2024

And in KnowBe4’s 2024 International Healthcare Report, the global healthcare sector experienced 1,613 cyberattacks per week in the first three quarters of 2023, nearly four times the global average. The global healthcare cybersecurity market is set to reach $58.4 So there was a very real gap in our defenses.”

Risk 128

Risk IT IoT Statistics 128

IBM Big Data Hub

OCTOBER 30, 2023

Among the passed regulations were updated requirements for Form 8-K reporting as well as new guidance for Form 10-K Amendments. Under the rule surrounding Form 8-K reporting, public companies are now required to report data breaches within four days of an incident. A brief description of the nature and scope of the incident.

Risk Management 73

Risk Management Risk Reporting Management 73

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. Provide a full view of business operations by delivering forward-looking measures of related risk to help customers successfully navigate the COVID-19 recovery.

Marketing 110

Marketing Risk Management Risk Digital Transformation 110

erwin

SEPTEMBER 17, 2020

According to erwin’s “2020 State of Data Governance and Automation” report , close to 70 percent of data professional respondents say they spend an average of 10 or more hours per week on data-related activities, and most of that time is spent searching for and preparing data. Benjamin Franklin said, “Lost time is never found again.”

Cost-Benefit 143

Cost-Benefit Data Governance Metadata Reporting 143

CIO Business Intelligence

MARCH 5, 2024

CIOs must also partner with CISOs, legal, human resources, and business leaders to build awareness of policies and develop a generative AI risk management strategy. While that’s a limitation, there are reports of promised functionality not yet available.

Advertising 124

Advertising Cost-Benefit Experimentation Software 124

IBM Big Data Hub

OCTOBER 26, 2023

A corporate sustainability report is a comprehensive document that outlines a company’s efforts, policies, practices and performance related to social, environmental and economic sustainability. Companies usually share their sustainability goals and achievements in these reports on an annual basis.

Reporting 70

Reporting Software Cost-Benefit Strategy 70

Octopai

JANUARY 19, 2020

BCBS 239 is a document published by that committee entitled, Principles for Effective Risk Data Aggregation and Risk Reporting. The document, first published in 2013, outlines best practices for global and domestic banks to identify, manage, and report risks, including credit, market, liquidity, and operational risks.

Metadata 89

Metadata Risk Management Business Intelligence Data Governance 89

erwin

SEPTEMBER 3, 2020

It documents your data assets from end to end for business understanding and clear data lineage with traceability. Data governance and EA also provide many of the same benefits of enterprise architecture or business process modeling projects: reducing risk, optimizing operations, and increasing the use of trusted data.

Data Governance 144

Data Governance Enterprise Risk Data Lake 144

IBM Big Data Hub

OCTOBER 16, 2023

AI governance refers to the practice of directing, managing and monitoring an organization’s AI activities. It includes processes that trace and document the origin of data, models and associated metadata and pipelines for audits. Capture and document model metadata for report generation.

Risk 70

Risk Modeling Management Metadata 70

AWS Big Data

JULY 9, 2024

For example, in the financial services industry, a risk management process might need to be run whenever trading data from any regional market is refreshed, or when both trading and regulatory updates are available. task def reporting(): # Task for reporting. task def notifications(): # Task for notifications.

Data-driven 85

Data-driven Reporting Management Risk 85

CIO Business Intelligence

JANUARY 19, 2024

“It’s a key issue that needs attention, and a CIO can and should set the tone and practices for effective stakeholder management,” says Brett Tucker, an adjunct professor of cyber risk management at Carnegie Mellon University’s Heinz College.

Management 119

Management Consulting Risk Strategy 119

CIO Business Intelligence

FEBRUARY 22, 2024

Increasing pressures around environment, social, and governance (ESG) concerns have organizations across industries turning to their CIOs to revamp their strategies for ESG reporting. To date, many companies have merely repurposed existing technology solutions for their ESG reporting needs. So getting specific is important.”

Software 98

Software Reporting KPI Enterprise 98

John Wheeler

OCTOBER 20, 2020

We continue our “20 for 20” theme this year by highlighting the integrated risk management (IRM) critical capabilities and top 20 software functions / features. These five capabilities support both integrated view of strategic, operational and technology risk as well as the related business outcomes, processes and assets.

Risk Management 52

Risk Management Risk Insurance Predictive Modeling 52

IBM Big Data Hub

DECEMBER 8, 2023

While plans will vary by necessity, here are five key steps to building a successful risk mitigation strategy: Step 1: Identify The first step in any risk mitigation plan is risk identification. Bring in stakeholders from all aspects of the business to provide input and have a project management team in place.

Risk 67

Risk Strategy Risk Management Insurance 67

CIO Business Intelligence

MAY 15, 2024

According to Stanford’s AI Index Report, released in April, 149 foundation models were released in 2023, two-thirds of them open source. Europe’s AI Act will require some of this documentation, but most of its provisions won’t go into effect until 2026, she says. “I And there are an insane number of variants. Take bias, for example. “We

Modeling 137

Modeling Risk Software Enterprise 137

Cloudera

AUGUST 12, 2021

A data-driven approach to talent management and development brings about greater transparency, reduced attrition and more effective training and enablement. A 2020 retention report by the Work Institute revealed that over 42 million employees in the US left their jobs voluntarily in 2019, and this trend appeared to be increasing.

Data-driven 111

Data-driven Manufacturing Insurance Risk Management 111

IBM Big Data Hub

FEBRUARY 13, 2024

For example, organizations can use generative AI to: Quickly turn mountains of unstructured text into specific and usable document summaries, paving the way for more informed decision-making. Generative AI proves highly useful in rapidly creating various types of documentation required by coders. Automate tedious, repetitive tasks.

Enterprise 118

Enterprise Testing Modeling Data-driven 118

CIO Business Intelligence

NOVEMBER 23, 2022

Unlike other frameworks, EA doesn’t include a formal documentation structure; instead, it’s intended to offer a more holistic view of the enterprise. EA is also used in systems development, IT management and decision-making, and IT risk management to eliminate errors, system failures, and security breaches.

Enterprise 128

Enterprise Cost-Benefit Digital Transformation Strategy 128

erwin

APRIL 29, 2020

These tools range from enterprise service bus (ESB) products, data integration tools; extract, transform and load (ETL) tools, procedural code, application program interfaces (API)s, file transfer protocol (FTP) processes, and even business intelligence (BI) reports that further aggregate and transform data. Who are the data owners?

Key Performance Indicator 111

Key Performance Indicator Metadata Data Governance Data Quality 111

Jet Global

JUNE 25, 2021

Enter insightsoftware, a leading provider of financial reporting and enterprise performance management software. With tools that are efficient, flexible, and highly secure, insightsoftware is the financial reporting resource of choice for over 25,000 organizations worldwide. “We

Technology 95

Technology Finance Risk Management Manufacturing 95

IBM Big Data Hub

OCTOBER 4, 2022

This includes capturing of the metadata, tracking provenance and documenting the model lifecycle. The ability to track and share model facts and documentation across the organization provides backup for analytic decisions. Model risk management is used to identify, manage, monitor and report on risk and compliance initiatives at scale.

Metadata 97

Metadata Risk Management Risk Experimentation 97

CIO Business Intelligence

SEPTEMBER 30, 2024

CIO.com / Foundry They also cited AI/ML capabilities in specific areas — such as risk management, fraud detection, smart manufacturing, predictive maintenance, quality control, and personalized employee engagement — as fueling transformation.

Machine Learning 141

Machine Learning ROI Data Processing Optimization 141

erwin

FEBRUARY 4, 2021

While acknowledging that data governance is about more than risk management and regulatory compliance may indicate that companies are more confident in their data, the data governance practice is nonetheless growing in complexity because of more: Data to handle, much of it unstructured. Data Governance Bottlenecks.

Data Governance 89

Data Governance Metadata Data Quality IoT 89

Octopai

JULY 9, 2020

Actually, effective data lineage delivers important enhancements to BI and enables informed decision-making , as it enables data teams to tackle numerous use cases such as regulatory compliance, system upgrades & migrations, M&A (system consolidation), reporting inaccuracies, business changes etc.

Insurance 98

Insurance Risk Management Machine Learning Metadata 98

erwin

APRIL 30, 2021

According to Deloitte’s Enterprise Architecture’s Role in Recovering from a Crisis report, organizations typically respond to a crisis over three phases: respond, recover and thrive. Priority 3: Risk Management – Security and Compliance. Businesses are paying close attention to risk from internal and external sources.

Enterprise 131

Enterprise Digital Transformation Risk Management Risk 131

erwin

OCTOBER 17, 2019

Analyst firm Ovum recently released a new report titled Ovum Market Radar: Enterprise Architecture. it ensures not only access to proper documentation but also current, updated information. The Regulatory Rationale for Integrating Data Management & Data Governance. Data security/risk management.

Enterprise 106

Enterprise Digital Transformation Data Governance Risk Management 106