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. They also had to retrofit some older solutions to ensure they didn’t expose the business to greater risks.

Risk 124

Risk IT IoT Statistics 124

CIO Business Intelligence

DECEMBER 20, 2024

A new report from the US Government Accountability Office (GAO) appears to indicate that no US federal agency reporting into the Department of Homeland Security (DHS) knows the full extent or probability of harm that AI can do the nations critical infrastructure.

Risk 72

Risk Reporting Strategy Risk Management 72

datapine

APRIL 15, 2020

It’s necessary to say that these processes are recurrent and require continuous evolution of reports, online data visualization , dashboards, and new functionalities to adapt current processes and develop new ones. Working software over comprehensive documentation. Collaboratively develop reports. Finalize testing.

Business Intelligence 276

Business Intelligence Analytics Testing Dashboards 276

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

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 38

Machine Learning Management Enterprise Risk Management 38

DataRobot Blog

APRIL 29, 2022

This provides a great amount of benefit, but it also exposes institutions to greater risk and consequent exposure to operational losses. 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.

Risk 111

Risk Modeling IT Risk Management 111

O'Reilly on Data

NOVEMBER 28, 2023

As of November 2023: Two-thirds (67%) of our survey respondents report that their companies are using generative AI. Unexpected outcomes, security, safety, fairness and bias, and privacy are the biggest risks for which adopters are testing. And only 33% report that their companies aren’t using AI at all.

Enterprise 275

Enterprise Modeling Testing Reporting 275

CIO Business Intelligence

JANUARY 3, 2024

According to G2’s latest state of software report, AI is the fastest-growing software category in G2 history. 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.

Risk 127

Risk Modeling Enterprise Marketing 127

CIO Business Intelligence

MAY 15, 2024

To do this requires more widespread awareness of cyber threats and information sharing, and a newly proposed cyber incident reporting rule from the Cybersecurity and Infrastructure Security Agency (“CISA”) is intended to meet this goal. Those are just two examples of situations subject to the proposed rule.

Reporting 115

Reporting Risk Data-driven Measurement 115

CIO Business Intelligence

JANUARY 30, 2024

Corporate ESG reporting is getting real for companies around the globe. Enacted and proposed regulations in the EU, US, and beyond are deepening reporting requirements in an effort to change business behavior. The foundation for ESG reporting, of course, is data. The foundation for ESG reporting, of course, is data.

Reporting 109

Reporting Data Quality Strategy Data-driven 109

datapine

OCTOBER 30, 2019

Historically, the terms data report or business report haven’t got the crowds excited. Data reports have always been important for businesses. The business intelligence industry has been revolutionized over the past decade and data reports are in on the fun. Exclusive Bonus Content: Get our data reporting recommendations!

Reporting 127

Reporting Visualization Dashboards KPI 127

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

bridgei2i

JUNE 2, 2020

Episode 7: The Impact of COVID-19 on Financial Services & Risk. The Impact of COVID-19 on Financial Services & Risk Management. For example, using AI on SME documents submitted digitally for automated loan underwriting. Now, the first of those areas is definitely risk and portfolio management. Management.

Risk Management 128

Risk Management Risk Enterprise Management 128

O'Reilly on Data

MARCH 26, 2024

It’s ironic that, in this article, we didn’t reproduce the images from Marcus’ article because we didn’t want to risk violating copyright—a risk that Midjourney apparently ignores and perhaps a risk that even IEEE and the authors took on!) Because, in some sense, hallucination is all LLMs do. They are dream machines.

Modeling 278

Modeling Machine Learning Risk Advertising 278

CIO Business Intelligence

SEPTEMBER 19, 2024

The United Nations’ High-Level Advisory Body on Artificial Intelligence, created last year to address AI governance issues, has made seven recommendations to address the risks with this technology in its first report, just published.

Risk 136

Risk Publishing Reporting Marketing 136

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 140

Risk Reporting Marketing Risk Management 140

O'Reilly on Data

MAY 25, 2021

I’d like to share my thoughts on GPT-3 in terms of risks and countermeasures, and discuss real examples of how I have interacted with the model to support my learning journey. The GPT-3 paper proactively lists the risks society ought to be concerned about. Misinformation Explosion. represents a concerning milestone.”

Modeling 349

Modeling Marketing Testing Machine Learning 349

CIO Business Intelligence

DECEMBER 19, 2022

These risks, as well as other risks related to the proposed transaction, are included in the registration statement on Form S-4 and proxy statement/prospectus that has been filed with the Securities and Exchange Commission (“SEC”) in connection with the proposed transaction.

Uncertainty 136

Uncertainty Risk Data-driven Reporting 136

Smarten

OCTOBER 10, 2023

Choose Augmented Analytics With Customizable Reporting for Your Users! Gartner defines Data and Analytics (D&A) as, ‘…the ways organizations manage data to support all its uses, and analyze data to improve decisions, business processes and outcomes, such as discovering new business risks, challenges and opportunities.’

Reporting 67

Reporting Analytics Forecasting Data Integration 67

O'Reilly on Data

OCTOBER 22, 2020

Determining the risk profile of a given model requires a case-by-case evaluation but it can be useful to think of the failure risk in three broad categories: “If this model fails, someone might die or have their sensitive data exposed” — Examples of these kinds of uses include automated driving/flying systems and biometric access features.

Consulting 299

Consulting Risk Cost-Benefit Modeling 299

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

APRIL 12, 2024

Large banking firms are quietly testing AI tools under code names such as as Socrates that could one day make the need to hire thousands of college graduates at these firms obsolete, according to the report. But that’s just the tip of the iceberg for a future of AI organizational disruptions that remain to be seen, according to the firm.

Experimentation 143

Experimentation Reporting Testing Statistics 143

CIO Business Intelligence

MAY 23, 2023

These risks, as well as other risks related to the proposed transaction, are included in the registration statement on Form S-4 and proxy statement/prospectus that has been filed with the Securities and Exchange Commission (“SEC”) in connection with the proposed transaction.

Uncertainty 137

Uncertainty Cost-Benefit Risk Enterprise 137

CIO Business Intelligence

OCTOBER 28, 2024

An AI-powered transcription tool widely used in the medical field, has been found to hallucinate text, posing potential risks to patient safety, according to a recent academic study. This phenomenon, known as hallucination, has been documented across various AI models. With over 4.2

Risk 103

Risk Reporting Modeling Consulting 103

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 142

Digital Transformation Unstructured Data Machine Learning Risk Management 142

erwin

AUGUST 20, 2020

As a practice, EA involves the documentation, analysis, design and implementation of an organization’s assets and structure. With an enterprise architecture management suite (EAMS) , an organization can define and document its structure to more effectively determine how to achieve its goals. Reduced risks and costs.

Enterprise 140

Enterprise Cost-Benefit Risk Data Governance 140

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 135

IT Risk Cost-Benefit Risk Management 135

Smart Data Collective

DECEMBER 21, 2020

One report found that big data vendors will generate over $2.4 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. billion from the insurance industry. More accurate policy pricing.

Insurance 137

Insurance Cost-Benefit Big Data Unstructured Data 137

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

For its 2023 Security Priorities report, Foundry surveyed 790 IT security workers to understand their projects and priorities. The adversaries, at least for now, have the upper hand on many global organisations,” the report concluded. Its conclusions were less than optimal. Zero trust is still not widely deployed, but that is changing.

IT 107

IT Measurement Risk Reporting 107

erwin

SEPTEMBER 10, 2020

Not Documenting End-to-End Data Lineage Is Risky Busines – Understanding your data’s origins is key to successful data governance. Furthermore, faulty decision-making based on inconsistent analytics and inaccurate reporting can cost millions. The risks of ignoring end-to-end data lineage are just too great.

Data Governance 131

Data Governance Key Performance Indicator Metadata Digital Transformation 131

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. By then, the Commission had spent $10.7 million on the contract​.

Broadcasting 115

Broadcasting Risk Reporting Measurement 115

O'Reilly on Data

JULY 28, 2020

Many companies face a problem that’s even worse: no one knows which levers contribute to the metrics that impact business outcomes, or which metrics are important to the company (such as those reported to Wall Street by publicly-traded companies). AI product managers need to understand how sensitive their project is to error.

Marketing 362

Marketing Experimentation Metrics Testing 362

erwin

FEBRUARY 13, 2020

The numerous data types and data sources that exist today weren’t designed to work together, and data infrastructures have been cobbled together over time with disparate technologies, poor documentation and little thought for downstream integration. Metadata Management Takes Time. Why such a heavy lift? What Is Metadata?

Metadata 135

Metadata Data Governance Management Cost-Benefit 135

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

SEPTEMBER 29, 2023

Financial organizations want to capture generative AI’s tremendous potential while mitigating its risks. Most predominantly, these organizations talk about the risks that are an intrinsic part of generative AI technology. In the highly regulated world of finance, generative AI can help produce compliance reports. Automation.

Finance 133

Finance Unstructured Data Risk Cost-Benefit 133

erwin

JANUARY 30, 2020

The 2020 State of Data Governance and Automation (DGA) report is a follow-up to an initial survey we commissioned two years ago to explore data governance ahead of the European Union’s General Data Protection Regulation (GDPR) going into effect. 1 reason to implement data governance.

Data Governance 145

Data Governance Metadata Cost-Benefit Digital Transformation 145