CIO Business Intelligence

AUGUST 21, 2024

Adding smarter AI also adds risk, of course. “At The big risk is you take the humans out of the loop when you let these into the wild.” When it comes to security, though, agentic AI is a double-edged sword with too many risks to count, he says. “We That means the projects are evaluated for the amount of risk they involve.

Risk 136

Risk Insurance Cost-Benefit Software 136

CIO Business Intelligence

SEPTEMBER 13, 2024

For Kevin Torres, trying to modernize patient care while balancing considerable cybersecurity risks at MemorialCare, the integrated nonprofit health system based in Southern California, is a major challenge. They also had to retrofit some older solutions to ensure they didn’t expose the business to greater risks.

Risk 128

Risk IT IoT Statistics 128

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 Modeling Enterprise Marketing 131

CIO Business Intelligence

JANUARY 24, 2024

“Our analytics capabilities identify potentially unsafe conditions so we can manage projects more safely and mitigate risks.” We’re piloting a way to do automated payments to subcontractors based on work in place that’s been identified with photo and video documentation,” Higgins-Carter says. Hire the right architects.

Risk Management 118

Risk Management Risk Management Digital Transformation 118

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

MAY 17, 2022

Even if the AI apocalypse doesn’t come to pass, shortchanging AI ethics poses big risks to society — and to the enterprises that deploy those AI systems. The following real-world implementation issues highlight prominent risks every IT leader must account for in putting together their company’s AI deployment strategy.

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Risk Data Science Consulting Machine Learning 145

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

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

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

Smart Data Collective

AUGUST 4, 2022

You will probably recognize the importance of protecting your laptop data even more when you stop to think of all the valuable documents that you store on it. You might have tax returns, cryptocurrency wallets, work documents and a lot of other important data. For improved efficiency, you should especially disable high-impact programs.

Risk 116

Risk Software Management IT 116

CIO Business Intelligence

SEPTEMBER 23, 2022

At the foundation of cybersecurity is the need to understand your risks and how to minimize them. Individuals and organizations often think about risk in terms of what they’re trying to protect. When talking about risk in the IT world, we mainly talk about data, with terms like data privacy, data leakage and data loss.

Risk Management 95

Risk Management Risk Strategy Management 95

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

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

OCTOBER 1, 2024

The experience of signing a long document on a mobile device using existing solutions can be pretty frustrating because complicated interfaces slow users down,” he said. Poor mobile experiences aren’t the only reason many digital documents go unsigned, according to Lumin’s user feedback. Signing and tracking documents is inefficient.

Software 122

Software Finance Enterprise Risk 122

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

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 12, 2024

Enterprises must reimagine their data and document management to meet the increasing regulatory challenges emerging as part of the digitization era. The cost of compliance These challenges are already leading to higher costs and greater operational risk for enterprises. According to figures from the Cato Institute, U.S

Data-driven 104

Data-driven Management Cost-Benefit Risk 104

O'Reilly on Data

OCTOBER 30, 2023

The recent discovery (documented by an exposé in The Atlantic ) that OpenAI, Meta, and others used databases of pirated books, for example, highlights the need for transparency in training data. Methods by which the AI provider manages and mitigates risks identified via Red Teaming, including their effectiveness.

Measurement 304

Measurement Risk Metrics Modeling 304

CIO Business Intelligence

NOVEMBER 15, 2024

These uses do not come without risk, though: a false alert of an earthquake can create panic, and a vulnerability introduced by a new technology may risk exposing critical systems to nefarious actors.”

Risk 106

Risk Risk Management Strategy Software 106

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. The Myammia Center alone did not have the resources to undertake such a huge digital transformation.

Risk 98

Risk IT Software Digital Transformation 98

IBM Big Data Hub

OCTOBER 16, 2023

In addition, real-time monitoring helps to comply with SLAs, reduce risks and safeguard your operations. We recommend the following IBM Instana documentation for the installation of the Instana Agent to the SAP BTP Kyma Cluster. Downtime is significantly reduced, and incidents can be resolved before they have a chance to escalate.

Risk 66

Risk Optimization Interactive Management 66

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 138

Risk Publishing Reporting Marketing 138

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 9, 2024

Enterprises have tons of proprietary data in private documents and platforms like Snowflake Data Cloud or Oracle Cloud ERP, crucial for business operations. Content Summarization Translating documents and meeting minutes into simple action items has always been a manual, time-consuming process. Take healthcare, for instance.

Interactive 143

Interactive Cost-Benefit Modeling Machine Learning 143

CIO Business Intelligence

NOVEMBER 11, 2024

Nate Melby, CIO of Dairyland Power Cooperative, says the Midwestern utility has been churning out large language models (LLMs) that not only automate document summarization but also help manage power grids during storms, for example. The firm has also established an AI academy to train all its employees.

ROI 136

ROI Cost-Benefit Experimentation Risk 136

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. As stated in SR 11-7: Ongoing monitoring should include the analysis of overrides with appropriate documentation.

Risk 59

Risk Modeling Metrics Measurement 59

CIO Business Intelligence

NOVEMBER 1, 2024

One of the world’s largest risk advisors and insurance brokers launched a digital transformation five years ago to better enable its clients to navigate the political, social, and economic waves rising in the digital information age. MMTech built out data schema extractors for different types of documents such as PDFs.

IT 122

IT Insurance Consulting Risk 122

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​. “In

Broadcasting 122

Broadcasting Risk Reporting Measurement 122

CIO Business Intelligence

NOVEMBER 14, 2024

Such a large-scale reliance on third-party AI solutions creates risk for modern enterprises. As a result, many companies are now more exposed to security vulnerabilities, legal risks, and potential downstream costs. They can lean on AMPs to mitigate MLOps risks and guide them to long-term AI success.

Machine Learning 59

Machine Learning Risk Modeling Enterprise 59

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

NOVEMBER 4, 2024

This often resulted in lengthy manual assessments, which only increased the risk of human error.” The decision to start in a controlled environment and gradually expand AI capabilities allowed Camelot the time to mitigate risks and hone Myrddin before its rollout in September 2024.

Dashboards 115

Dashboards Risk Risk Management Data-driven 115

CIO Business Intelligence

NOVEMBER 1, 2024

One of the world’s largest risk advisors and insurance brokers launched a digital transformation five years ago to better enable its clients to navigate the political, social, and economic waves rising in the digital information age. MMTech built out data schema extractors for different types of documents such as PDFs.

IT 105

IT Insurance Consulting Risk 105

CIO Business Intelligence

OCTOBER 22, 2024

Effective tools and methodologies exist for discovering and remediating software supply chain security risks that arise from open source components. Documenting closed-source components using SBOMs may be technically possible, but many of the assumptions made by SBOM formatting standards don’t make sense in the context of closed-source code.

Software 87

Software Risk Data Processing Marketing 87

CIO Business Intelligence

APRIL 30, 2024

Between the astronomical fines, sweeping scope, and unclear definitions, every organization operating in the EU now runs a potentially lethal risk in their AI-, ML-, and analytics-driven activities.” EU residents will have a right to submit complaints about high-risk AI systems and receive explanations about decisions.

IT 114

IT Risk Data-driven Modeling 114

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

SEPTEMBER 26, 2024

In her address to members of the Society of Corporate Compliance and Ethics (SCCE), Argentieri focused on the ECCP update , and said it “includes an evaluation of how companies are assessing and managing risk related to the use of new technology such as artificial intelligence, both in their business and in their compliance programs.”

Risk 119

Risk Technology Management Risk Management 119

CIO Business Intelligence

NOVEMBER 19, 2024

Solution: Use explainable AI (XAI) techniques and maintain clear documentation of AI decision-making processes. Intellectual property risks Failing: GenAI can inadvertently use copyrighted material, leading to legal complications. Key takeaway: Transparency and explainability are key to building and maintaining trust in AI systems.

Consulting 123

Consulting Cost-Benefit Experimentation Optimization 123