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 119

Risk Risk Management Strategy Software 119

CIO Business Intelligence

OCTOBER 4, 2023

Thirty years ago, Adobe created the Portable Document Format (PDF) to facilitate sharing documents across different software applications while maintaining text and image formatting. Today, PDF is considered the de facto industry standard for documents that contain critical and sensitive business information.

Software 126

Software Strategy Sales Enterprise 126

CIO Business Intelligence

MARCH 25, 2025

CIOs perennially deal with technical debts risks, costs, and complexities. While the impacts of legacy systems can be quantified, technical debt is also often embedded in subtler ways across the IT ecosystem, making it hard to account for the full list of issues and risks.

Risk 140

Risk Cost-Benefit Data-driven Digital Transformation 140

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 137

ROI Cost-Benefit Risk Experimentation 137

CIO Business Intelligence

OCTOBER 9, 2024

“And there are dangers of moving too fast,” including bad PR, compliance or cybersecurity risks, legal liability, or even class-action lawsuits. Even if a gen AI failure doesn’t rise to the level of major public embarrassment or lawsuits, it can still depress a company’s risk appetite , rendering it hesitant to launch more AI projects.

Risk 137

Risk Risk Management Technology Marketing 137

CIO Business Intelligence

AUGUST 21, 2024

As explained in a previous post , with the advent of AI-based tools and intelligent document processing (IDP) systems, ECM tools can now go further by automating many processes that were once completely manual. That relieves users from having to fill out such fields themselves to classify documents, which they often don’t do well, if at all.

Insurance 116

Insurance Management Metadata Unstructured Data 116

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.

Risk 119

Risk Reporting Machine Learning Consulting 119

O'Reilly on Data

MAY 18, 2020

This article answers these questions, based on our combined experience as both a lawyer and a data scientist responding to cybersecurity incidents, crafting legal frameworks to manage the risks of AI, and building sophisticated interpretable models to mitigate risk. AI incidents, in other words, don’t require an external attacker.

Risk 364

Risk Modeling Data Processing Software 364

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

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

NOVEMBER 27, 2024

By eliminating time-consuming tasks such as data entry, document processing, and report generation, AI allows teams to focus on higher-value, strategic initiatives that fuel innovation. The platform also offers a deeply integrated set of security and governance technologies, ensuring comprehensive data management and reducing risk.

Data Governance 132

Data Governance Risk Insurance Metadata 132

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

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.

Risk 145

Risk Data Science Machine Learning Consulting 145

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 52

Machine Learning Management Enterprise Risk Management 52

O'Reilly on Data

MARCH 25, 2025

The coordination tax: LLM outputs are often evaluated by nontechnical stakeholders (legal, brand, support) not just for functionality, but for tone, appropriateness, and risk. Any scenario in which a student is looking for information that the corpus of documents can answer. In what scenarios do you see them using the application?

Testing 168

Testing Data-driven Software Measurement 168

CIO Business Intelligence

JANUARY 15, 2025

Maintaining, updating, and patching old systems is a complex challenge that increases the risk of operational downtime and security lapse. GenAI can also harness vast datasets, insights, and documentation to provide guidance during the migration process.

Cost-Benefit 124

Cost-Benefit Data-driven Enterprise Risk 124

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

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

JULY 10, 2024

We examine the risks of rapid GenAI implementation and explain how to manage it. These examples underscore the severe risks of data spills, brand damage, and legal issues that arise from the “move fast and break things” mentality. Effective partnering requires transparency and clear documentation from vendors.

Risk 111

Risk Strategy Consulting Cost-Benefit 111

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 Enterprise Modeling Marketing 131

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

OCTOBER 30, 2024

A traditional approach that depends on a variety of advanced tools, each requiring deep expertise and manual effort, not only slows down security teams but also exposes organizations to risks from delays in taking action against threats and inadvertent errors in configurations.

Strategy 126

Strategy Reporting Visualization Interactive 126

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 129

Digital Transformation Risk Strategy Testing 129

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

CIO Business Intelligence

JANUARY 21, 2025

Companies like CrowdStrike have documented that their AI-driven systems can detect threats in under one second. Theres also the risk of over-reliance on the new systems. The key with AI will be striking the right balanceleveraging its strengths while mitigating the risks and limitations.

Behavioral Analytics 122

Behavioral Analytics Data-driven Risk Insurance 122

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

DECEMBER 19, 2024

The primary goal for Eddingfield and his team was to improve change management processes and reduce the risk of failed changes by implementing collision detection and impact analysis. The insurance company decided to migrate from on-premises BMC Remedy to cloud-based BMC Helix ITSM and Discovery.

IT 98

IT Insurance Cost-Benefit Optimization 98

CIO Business Intelligence

DECEMBER 20, 2024

As concerns about AI security, risk, and compliance continue to escalate, practical solutions remain elusive. as AI adoption and risk increases, its time to understand why sweating the small and not-so-small stuff matters and where we go from here. AI usage may bring the risk of sensitive data exfiltration through AI interactions.

Risk 105

Risk Measurement Modeling Interactive 105

CIO Business Intelligence

FEBRUARY 26, 2025

But when an agent whose primary purpose is understanding company documents and tries to speak XML, it can make mistakes. If an agent needs to perform an action on an AWS instance, for example, youll actually pull in the data sources and API documentation you need, all based on the identity of the person asking for that action at runtime.

IT 141

IT Enterprise Interactive Data Quality 141

CIO Business Intelligence

JANUARY 30, 2025

particular, companies that use AI systems can share their voluntary commitments to transparency and risk control. At least half of the current AI Pact signatories (numbering more than 130) have made additional commitments, such as risk mitigation, human oversight and transparency in generative AI content.

Enterprise 128

Enterprise Risk Reporting Measurement 128

CIO Business Intelligence

NOVEMBER 18, 2024

According to the study, key areas where banks are currently focusing on gen AI include: Transactional use cases: Three out of five (61%) banks use the technology for transactional use cases such as credit analysis, portfolio management, risk assessment, legal contracts, offers, tenders, and pitch documents.

Digital Transformation 141

Digital Transformation Consulting Cost-Benefit Marketing 141

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 363

Consulting Risk Cost-Benefit Modeling 363

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

O'Reilly on Data

NOVEMBER 28, 2023

Unexpected outcomes, security, safety, fairness and bias, and privacy are the biggest risks for which adopters are testing. And there are tools for archiving and indexing prompts for reuse, vector databases for retrieving documents that an AI can use to answer a question, and much more. Only 4% pointed to lower head counts.

Enterprise 339

Enterprise Testing Modeling Reporting 339

O'Reilly on Data

MARCH 20, 2019

Like many others, I’ve known for some time that machine learning models themselves could pose security risks. An attacker could use an adversarial example attack to grant themselves a large loan or a low insurance premium or to avoid denial of parole based on a high criminal risk score. Newer types of fair and private models (e.g.,

Modeling 278

Modeling Machine Learning Predictive Modeling Consulting 278

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

O'Reilly on Data

JULY 20, 2021

Few things within a home are restricted–possibly a safe with important documents. It comes down to a key question: is the risk associated with an action greater than the trust we have that the person performing the action is who they say they are? There is a tradeoff between the trust and risk.

Risk 331

Risk Software Interactive Modeling 331