Domino Data Lab

AUGUST 6, 2021

Model Risk Management is about reducing bad consequences of decisions caused by trusting incorrect or misused model outputs. An enterprise starts by using a framework to formalize its processes and procedures, which gets increasingly difficult as data science programs grow. What Is Model Risk? Types of Model Risk.

Risk Management 64

Risk Management Risk Modeling Enterprise 64

CIO Business Intelligence

SEPTEMBER 17, 2024

CIOs often have a love-hate relationship with enterprise architecture. On the one hand, enterprise architects play a key role in selecting platforms, developing technical capabilities, and driving standards.

Enterprise 145

Enterprise Digital Transformation Cost-Benefit Risk 145

bridgei2i

JUNE 2, 2020

PODCAST: COVID 19 | Redefining Digital Enterprises. Episode 7: The Impact of COVID-19 on Financial Services & Risk. Management. The Impact of COVID-19 on Financial Services & Risk Management. The second aspect is the enterprise itself. Listening time: 12 minutes. Don’t forget to subscribe!

Risk Management 128

Risk Management Risk Enterprise Management 128

bridgei2i

SEPTEMBER 24, 2020

In dynamic markets, enterprises need to keep looking for ways to gain an edge over competitors to retain their position and stride forward to the top place. Product and service diversification, customer service, and automation seem to be ways in which enterprises are trying to achieve their targets. Risk Management Model.

Risk Management 52

Risk Management Risk Enterprise Management 52

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. Is There Such a Thing as Unbiased AI? The hard truth is no.

Risk Management 52

Risk Management Risk Modeling Management 52

CIO Business Intelligence

JULY 25, 2024

The outage put enterprises, cloud services providers, and critical infrastructure providers into precarious positions, and has drawn attention to how dominant CrowdStrike’s market share has become, commanding an estimated 24% of the endpoint detection and response (EDR) market. It also highlights the downsides of concentration risk.

Risk 142

Risk Cost-Benefit Strategy Enterprise 142

John Wheeler

AUGUST 19, 2019

Gartner’s “Hype Cycle for Risk Management, 2019” report was published almost a month ago and reader response has been overwhelmingly positive. In this year’s report, we highlight the need for a “PRACtical” view of risk management technologies to fuel digital business growth.

Risk Management 73

Risk Management Risk Technology Management 73

CIO Business Intelligence

OCTOBER 30, 2024

To overcome those challenges and successfully scale AI enterprise-wide, organizations must create a modern data architecture leveraging a mix of technologies, capabilities, and approaches including data lakehouses, data fabric, and data mesh. To learn more about how enterprises can prepare their environments for AI , click here.

Enterprise 137

Enterprise Data Architecture Unstructured Data Insurance 137

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 125

Risk IT IoT Statistics 125

CIO Business Intelligence

OCTOBER 15, 2024

Driven by the development community’s desire for more capabilities and controls when deploying applications, DevOps gained momentum in 2011 in the enterprise with a positive outlook from Gartner and in 2015 when the Scaled Agile Framework (SAFe) incorporated DevOps. It may surprise you, but DevOps has been around for nearly two decades.

Enterprise 142

Enterprise Testing Business Objectives Experimentation 142

CIO Business Intelligence

JANUARY 2, 2024

There are myriad systems kept on life support in every enterprise because companies delay replacing them, resulting in downtime and the continual need for time-consuming fixes, which consume resources and continue to build technical debt. Budget, Business IT Alignment, Infrastructure Management, IT Leadership, IT Strategy, Risk Management

Risk 127

Risk IT Risk Management Sales 127

CIO Business Intelligence

DECEMBER 28, 2023

The need to manage risk, adhere to regulations, and establish processes to govern those tasks has been part of running an organization as long as there have been businesses to run. Furthermore, the State of Risk & Compliance Report, from GRC software maker NAVEX, found that 20% described their programs as early stage.

Risk 108

Risk Risk Management Strategy Enterprise 108

bridgei2i

NOVEMBER 20, 2020

Episode 2: AI enabled Risk Management for FS powered by BRIDGEi2i Watchtower. AI enabled Risk Management for FS powered by BRIDGEi2i Watchtower. Today the Chief Risk Officers(CROs) struggle with the critical task of monitoring and assessing key risks in real time and firefight to mitigate any critical issues that arise.

Risk Management 92

Risk Management Risk Management Metrics 92

John Wheeler

SEPTEMBER 15, 2020

As the recovery efforts fully take hold in 2021, a deep understanding of the integrated nature of risks associated with business operations will take center stage. Those businesses that employ a “PRACtical” approach utilizing integrated risk management (IRM) will be in the best position to recover quicker and more successfully.

Risk Management 52

Risk Management Risk Management Business Objectives 52

IBM Big Data Hub

OCTOBER 23, 2023

Hybrid cloud has become the new normal for enterprises in nearly all industries. Many enterprises have also deployed a hybrid multicloud environment that’s reliant on an ecosystem of different cloud service providers. The global average cost of a single data breach is USD 4.45 2] Failure to act isn’t an option.

Risk 84

Risk Strategy Risk Management Digital Transformation 84

CIO Business Intelligence

DECEMBER 14, 2023

As CIOs seek to achieve economies of scale in the cloud, a risk inherent in many of their strategies is taking on greater importance of late: consolidating on too few if not just a single major cloud vendor. This is the kind of risk that may increasingly keep CIOs up at night in the year ahead.

Risk 128

Risk Strategy Cost-Benefit Risk Management 128

IBM Big Data Hub

MARCH 4, 2024

While many organizations have implemented AI, the need to keep a competitive edge and foster business growth demands new approaches: simultaneously evolving AI strategies, showcasing their value, enhancing risk postures and adopting new engineering capabilities. This requires a holistic enterprise transformation. times higher ROI.

Enterprise 96

Enterprise ROI Risk Strategy 96

CIO Business Intelligence

MAY 21, 2024

IBM has showcased its new generative AI -driven Concert offering that is designed to help enterprises monitor and manage their applications. IBM claims that Concert will initially focus on helping enterprises with use cases around security risk management, application compliance management, and certificate management.

Enterprise 100

Enterprise Management Data Lake Risk 100

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

CIO Business Intelligence

AUGUST 4, 2023

In collaboration with our peers, we have a solid business sense that carefully weighs innovation and risk in order to gain valuable ROI while protecting the organization from all forms of risk associated with each project. If reversible, then there’s clearly less risk. What’s new and different today?

Risk 97

Risk Risk Management ROI Technology 97

CIO Business Intelligence

JULY 26, 2023

The complexity of today’s enterprise infrastructure environment has created demand for a great variety of dedicated point security solutions, triggering a disconcerting array of alarms and alerts that most organizations struggle to address with current access to talent and staff. involved in the risk management process.

Enterprise 91

Enterprise Risk Management Risk Manufacturing 91

Domino Data Lab

AUGUST 6, 2021

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Risk Management 64

Risk Management Risk Enterprise Modeling 64

CIO Business Intelligence

AUGUST 30, 2023

In my previous column in May, when I wrote about generative AI uses and the cybersecurity risks they could pose , CISOs noted that their organizations hadn’t deployed many (if any) generative AI-based solutions at scale. Today, it is, as they create a mysterious new risk and attack surface to defend against.

Enterprise 132

Enterprise Risk Measurement Software 132

CIO Business Intelligence

SEPTEMBER 10, 2024

If the CrowdStrike outage underscored anything for CIOs, it’s that modern enterprises are dependent on a growing number of interconnected systems, any one of which can cripple business operations beyond CIOs’ control. Although not implemented yet, we will be making it part of our vendor management and selection processes.

Risk Management 129

Risk Management Risk Enterprise Insurance 129

CIO Business Intelligence

JANUARY 11, 2024

CIOs are under increasing pressure to deliver AI across their enterprises – a new reality that, despite the hype, requires pragmatic approaches to testing, deploying, and managing the technologies responsibly to help their organizations work faster and smarter. The top brass is paying close attention.

Enterprise 123

Enterprise Uncertainty Reporting Risk Management 123

CIO Business Intelligence

DECEMBER 15, 2022

The company received the Asia Responsible Enterprise Awards 2022 for circular economy leadership , which recognized IVL’s successful PET Bottles Recycling to Personal Protection Equipment (PPE) Distribution project. About four years ago, IVL expanded the use of risk acceptance at its PNO facility in Texas to establish next-inspection plans.

Risk 91

Risk Digital Transformation Software ROI 91

IBM Big Data Hub

FEBRUARY 13, 2024

The best option for an enterprise organization depends on its specific needs, resources and technical capabilities. Project management and operations : Generative AI tools can support project managers with automation within their platforms.

Enterprise 118

Enterprise Testing Modeling Data-driven 118

erwin

APRIL 30, 2021

Before the COVID-19 pandemic, many enterprise architects were focused on standardization. By evaluating and deploying the right combination of cloud-based platforms and security tools, enterprise architects played a key role in keeping businesses up and running in a remote-work world. Responding to a Crisis.

Enterprise 131

Enterprise Digital Transformation Risk Management Risk 131

erwin

SEPTEMBER 3, 2020

Why should you integrate data governance (DG) and enterprise architecture (EA)? Two of the biggest challenges in creating a successful enterprise architecture initiative are: collecting accurate information on application ecosystems and maintaining the information as application ecosystems change. It’s time to think about EA beyond IT.

Data Governance 144

Data Governance Enterprise Risk Data Lake 144

Smart Data Collective

SEPTEMBER 13, 2021

Many organizations and enterprises are constantly under threat of a cyber attack. Several data security platforms and programs are also available, specifically to safeguard an enterprise’s entire network system. Loss of data can be costly for an enterprise. Remote working has also created greater data security risks.

Risk 125

Risk Strategy Enterprise Finance 125

Cloudera

FEBRUARY 4, 2021

Financial services institutions need the ability to analyze and act on massive volumes of data from diverse sources in order to monitor, model, and manage risk across the enterprise. They need a comprehensive data and analytics platform to model risk exposures on-demand. Cloudera is that platform.

Risk 86

Risk Marketing Technology Management 86

CIO Business Intelligence

NOVEMBER 23, 2022

Enterprise architecture definition Enterprise architecture (EA) is the practice of analyzing, designing, planning, and implementing enterprise analysis to successfully execute on business strategies. Another main priority with EA is agility and ensuring that your EA strategy has a strong focus on agility and agile adoption.

Enterprise 127

Enterprise Cost-Benefit Digital Transformation Strategy 127

Cloudera

JULY 15, 2021

We recently hosted a roundtable focused on o ptimizing risk and exposure management with data insights. For financial institutions and insurers, risk and exposure management has always been a fundamental tenet of the business. Now, risk management has become exponentially complicated in multiple dimensions. .

Risk 99

Risk Optimization Management Insurance 99

David Menninger's Analyst Perspectives

OCTOBER 15, 2024

However, many enterprises have existing on-premises applications that, in most cases, will not get AI-enablement from the software provider. Waiting too long to start means risking having to play catch-up. Choosing between the two may not be straightforward, and the best choice for an enterprise depends on facts and circumstances.

Cost-Benefit 130

Cost-Benefit Risk Software Forecasting 130

O'Reilly on Data

NOVEMBER 13, 2018

We recently conducted a survey which garnered more than 11,000 respondents—our main goal was to ascertain how enterprises were using machine learning. Continue reading Managing risk in machine learning. As the data community begins to deploy more machine learning (ML) models, I wanted to review some important considerations.

Machine Learning 224

Machine Learning Risk Management Statistics 224

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 encompasses risk management and regulatory compliance and guides how AI is managed within an organization.

Risk 70

Risk Modeling Management Metadata 70