Smart Data Collective

JUNE 19, 2022

Since AI has proven to be so valuable, an estimated 37% of companies report using it. AI is particularly helpful with managing risks. How AI Can Help Suppliers Manage Risks Better. Failure or Delay Risk. Failure to deliver goods is one of the most common risks businesses have suffered over the past two years.

Risk 144

Risk Cost-Benefit Risk Management Manufacturing 144

CIO Business Intelligence

MAY 24, 2024

GRC certifications validate the skills, knowledge, and abilities IT professionals have to manage governance, risk, and compliance (GRC) in the enterprise. Enter the need for competent governance, risk and compliance (GRC) professionals. What are GRC certifications? Why are GRC certifications important?

Risk 119

Risk Risk Management Management Enterprise 119

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 128

Risk IT IoT Statistics 128

O'Reilly on Data

APRIL 19, 2021

The percentage of respondents reporting “mature” practices has been roughly the same for the last few years. We expect that it will, though it’s fair to ask whether AI systems trained on normative data will be robust in the face of “black swan” events. 52% of the respondents reported using images and video. form data).

Enterprise 364

Enterprise Risk Modeling Manufacturing 364

CIO Business Intelligence

FEBRUARY 20, 2024

While cloud risk analysis should be no different than any other third-party risk analysis, many enterprises treat the cloud more gently, taking a less thorough approach. Interrelations between these various partners further complicate the risk equation. That’s where the contract comes into play. Levine says.

Risk 131

Risk Enterprise Strategy Snapshot 131

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. This is a risk that many organizations don’t consider.

Risk 111

Risk Strategy Consulting Cost-Benefit 111

CIO Business Intelligence

JANUARY 21, 2025

Speaking at a university event in Taiwan, TSMC CEO and Chairman C.C. Wei attributed the delays at TSMCs Arizona factory to a combination of complex compliance requirements, local construction regulations, and extensive permitting processes, according to a Reuters report. Reports now indicate production has already started.

Manufacturing 116

Manufacturing Cost-Benefit Recreation/Entertainment Technology 116

CIO Business Intelligence

DECEMBER 19, 2024

Below, I recap my virtual event conversation with two IT leaders, who shared their first-hand experience of the benefits that BMC Helix solutions have delivered in respective use cases. 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

FEBRUARY 20, 2024

The risks and opportunities of AI AI is opening a new front in this cyberwar. These measures mandate that healthcare organisations adequately protect patient data, and that notification must be given in the event of a data breach. The healthcare sector is far and away the number one target for cybercriminals.

Risk 122

Risk Insurance Measurement Strategy 122

datapine

OCTOBER 21, 2020

With today’s always-improving technologies, it becomes easier not only to collect such data but also to create comprehensive healthcare reports and convert them into relevant critical insights, that can then be used to provide better care. If you put on too many workers, you run the risk of having unnecessary labor costs add up.

Big Data 364

Big Data Data Analytics Analytics Cost-Benefit 364

CIO Business Intelligence

NOVEMBER 5, 2024

Here are some of the challenges left to resolve in the area of environmental sustainability: Collecting, sharing, and reporting on environmental data: For many organizations, identifying and collecting sustainability data across operations is still a challenge. have their own additional regulations.

Uncertainty 98

Uncertainty Measurement ROI Reporting 98

CIO Business Intelligence

NOVEMBER 21, 2024

Indeed, as IDC reported in a earlier this year, the U.S. Importantly, where the EU AI Act identifies different risk levels, the PRC AI Law identifies eight specific scenarios and industries where a higher level of risk management is required for “critical AI.” AI and GenAI Regulatory Landscape, IDC, July 2024).

Consulting 120

Consulting Risk Risk Management Marketing 120

CIO Business Intelligence

OCTOBER 17, 2024

While tech debt refers to shortcuts taken in implementation that need to be addressed later, digital addiction results in the accumulation of poorly vetted, misused, or unnecessary technologies that generate costs and risks. million machines worldwide, serves as a stark reminder of these risks.

Risk 108

Risk Experimentation Testing Strategy 108

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

CIO Business Intelligence

JULY 5, 2023

Addressing semiconductor supply chain risks Even before the most recent supply chain challenges, political leaders around the world have been taking a close look at the current semiconductor supply chain model. Some of that risk is being addressed at national and regional levels, such as the U.S. CHIPS Act and the EU Chips Act.

Risk 96

Risk Manufacturing Cost-Benefit Data Processing 96

Cloudera

JUNE 29, 2023

To ensure the stability of the US financial system, the implementation of advanced liquidity risk models and stress testing using (MI/AI) could potentially serve as a protective measure. To improve the way they model and manage risk, institutions must modernize their data management and data governance practices.

Data Architecture 85

Data Architecture Risk Management Risk Management 85

CIO Business Intelligence

MARCH 6, 2023

According to the report, better serving customers, helping to take advantage of data, and allowing organizations to operate more efficiently were cited as the top benefits of the technology by 87%, 80% and 79% of respondents respectively. However, she also warned that the technology is not without new risks and challenges.

Reporting 105

Reporting IT Risk Technology 105

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.” The Arms Race.

Modeling 364

Modeling Marketing Testing Machine Learning 364

IBM Big Data Hub

OCTOBER 9, 2023

At the beginning of 2023, according to IBM Security’s “ Threat Intelligence Index ” report, healthcare was in the top 10 most-attacked industries on the planet. The “ Cost of a Data Breach 2023” report also uncovered that, since 2020, healthcare data breach costs have increased by 53.3%.

Risk Management 76

Risk Management Risk Management Measurement 76

CIO Business Intelligence

FEBRUARY 20, 2025

Forty-three percent of 1,700 IT and security leaders worldwide ranked the challenge as a major barrier to an improved ability to recover from serious cyber events, nine percentage points above the second-placed issue: legacy security and IT issues. A lack of budget cannot be put down to a lack of evidence of need.

IT 98

IT Testing Strategy Data Processing 98

IBM Big Data Hub

MARCH 27, 2024

Climate change causes extreme weather events across the world that endanger people’s lives and disrupt the businesses on which they depend. What is climate risk? To put it simply, climate risk is the potential for the effects of climate change to disrupt our current economic and social structures.

Risk 60

Risk Forecasting Insurance Strategy 60

Rocket-Powered Data Science

JULY 19, 2023

using high-dimensional data feature space to disambiguate events that seem to be similar, but are not). These may not be high risk. The outcome was very positive indeed, as this customer reported the delightful experience on their social media account, thereby spreading positive sentiment about the business to a wide audience.

Data-driven 188

Data-driven Enterprise Analytics Machine Learning 188

datapine

AUGUST 19, 2020

Explore our modern reporting software for 14 days, completely free! If you’re centered only on monitoring numbers, without focusing on the human aspect, you risk business bottlenecks in the long run. Explore our modern reporting software for 14 days, completely free! What Are Inventory Metrics? c) Be data-driven.

Metrics 286

Metrics KPI Cost-Benefit Dashboards 286

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

AUGUST 16, 2023

With the right data available and Microsoft’s Power platform, the aim is to proactively issue reports and decision support on an ongoing basis, and provide the power to digitize all parts of the company. Digital alerts Another project deals with slow-moving vehicles, something that increases the risk of accidents on the roads.

Risk 98

Risk Cost-Benefit Internet of Things Digital Transformation 98

CIO Business Intelligence

MARCH 4, 2025

It identifies your organizations most critical functions and assesses the potential risks and impacts to income, opportunity, brand, service, mission, and people. See also: How resilient CIOs future-proof to mitigate risks.) Then, assess the risk likelihood versus impact. Download the AI Risk Management Enterprise Spotlight.)

Testing 64

Testing Risk Consulting Risk Management 64

CIO Business Intelligence

AUGUST 8, 2024

But there’s good news: When organizations leverage open source in a deliberate, responsible way, they can take full advantage of the benefits that open source offers while minimizing the security risks. And the same report might not have found that open source code is more likely than closed-source software to be linked to security incidents.

Software 126

Software Enterprise Cost-Benefit Risk 126

CIO Business Intelligence

NOVEMBER 13, 2024

In the end, it’s about finding a balance between opportunity and risk, and having those conversations with the board and exec teams because not everybody is a tech expert. If you just talk to the board about shiny new opportunities, they’re not aware of the risk, and that’s dangerous. They need to be aware of both sides,” he says. “If

Technology 111

Technology Data Science Risk Management 111

Jen Stirrup

OCTOBER 13, 2024

This annual in-person and virtual event, combined with a 40-city roadshow, is aimed at CISOs, CIOs, data security, cloud, and data protection professionals who want to know how to achieve “continuous business.” You can register for in-person or virtual attendance at one of the events here. Why is this topic important?

Machine Learning 52

Machine Learning Strategy Risk Enterprise 52

O'Reilly on Data

MARCH 23, 2023

What is it, how does it work, what can it do, and what are the risks of using it? There are more that I haven’t listed, and there will be even more by the time you read this report. Current events The training data for ChatGPT and GPT-4 ends in September 2021. It can’t answer questions about more recent events.

IT 346

IT Modeling Testing Risk 346

CIO Business Intelligence

JANUARY 9, 2025

Responsible AI: Balancing innovation and risk The rise of generative AI has put a mirror in front of companies, showing them the work they have to do to strategically leverage their data. Theres a checklist on what you should be asking them, so theres the risk education as well, she says.

Risk 90

Risk Business Driver Data-driven Strategy 90

DataKitchen

NOVEMBER 18, 2022

As he thinks through the various journeys that data take in his company, Jason sees that his dashboard idea would require extracting or testing for events along the way. So, the only way for a data journey to truly observe what’s happening is to get his tools and pipelines to auto-report events. An event or rules engine.

Testing 130

Testing Statistics Measurement Metrics 130

CIO Business Intelligence

NOVEMBER 14, 2024

Challenge: Maintaining security is a moving target The highly distributed nature of retail and complex supply chains, along with increasingly sophisticated ransomware and fraud tactics and the growth of organized retail crime schemes, are driving up the risk of retail cyber events.

IT 64

IT Cost-Benefit Manufacturing Sales 64

CIO Business Intelligence

SEPTEMBER 24, 2024

Both Wiedenbeck and the new CIO report to the executive office, consisting of the CEO and the president/COO. Organizationally, Wiedenbeck is a member of Ameritas’ AI steering committee, called the “mission team,” which includes the legal and risk officers, along with the CIO. Here is your chance to be that leader.”

IT 130

IT Insurance Cost-Benefit Risk 130

Rocket-Powered Data Science

JULY 14, 2023

When data science was in its “early days” within businesses, the data scientists mostly worked offline with static sources (like databases or web-based reports) to build and test analytics models for potential deployment in the enterprise. These may not be high risk. They might actually be high-reward discoveries.

Analytics 166

Analytics Internet of Things Data Science Prescriptive Analytics 166

CIO Business Intelligence

FEBRUARY 10, 2023

The report projects the market will reach $38 billion by 2028, growing at a compound annual growth rate (CAGR) of about 20.4% Organizations use predictive analytics to sift through current and historical data to detect trends and forecast events and conditions that should occur at a specific time, based on supplied parameters.

Predictive Analytics 145

Predictive Analytics Analytics Predictive Modeling Forecasting 145

CIO Business Intelligence

NOVEMBER 8, 2023

This requires knowing the risks involved with the cloud, which include external risks and threats, as well as internal risks and threats that could not only lead to a security compromise or an embarrassing leak but may affect organizations’ overall productivity and efficiency. 8 Complexity. 8 Complexity.

Cost-Benefit 135

Cost-Benefit Risk Digital Transformation Reporting 135