Smart Data Collective

JUNE 19, 2022

AI is particularly helpful with managing risks. How AI Can Help Suppliers Manage Risks Better. All companies require complex relationships with various suppliers and service providers to develop the products and services they offer to clients and customers — but those relationships always carry some risk. Failure or Delay Risk.

Risk 144

Risk Cost-Benefit Risk Management Manufacturing 144

CIO Business Intelligence

SEPTEMBER 26, 2024

Cybersecurity and systemic risk are two sides of the same coin. As we saw recently with the CrowdStrike outage, the interconnected nature of enterprises today brings with it great risk that can have a significant negative effect on any company’s finances. This should be no surprise since the global average cost of a data breach is $4.88

Risk 132

Risk Reporting Digital Transformation Enterprise 132

CIO Business Intelligence

DECEMBER 5, 2024

Tech supply chain risks South Korea’s semiconductor ecosystem, driven by industry leaders like Samsung and SK Hynix, is a cornerstone of global technology supply chains. CIOs, drawing from recent black swan events, should proactively prepare for such shifts,” said Prabhu Ram, VP of the industry research group at Cybermedia Research.

Uncertainty 111

Uncertainty Risk Strategy Manufacturing 111

CIO Business Intelligence

OCTOBER 16, 2024

In the executive summary of the updated RSP , Anthropic stated, “in September 2023, we released our Responsible Scaling Policy (RSP), a public commitment not to train or deploy models capable of causing catastrophic harm unless we have implemented safety and security measures that will keep risks below acceptable levels.

Risk 117

Risk IT Measurement Modeling 117

BA Learnings

FEBRUARY 4, 2025

Market Growth : As industries like chemicals, mining, and energy recover and expand, the volume of hazardous liquids requiring transportation is set to rise, increasing the urgency for effective risk management strategies. These risks underline the importance of robust storage and transportation systems designed to minimise hazards.

Risk 130

Risk Management Risk Management Strategy 130

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

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

AWS Big Data

DECEMBER 23, 2024

Real-time data streaming and event processing are critical components of modern distributed systems architectures. To stay competitive and efficient in the fast-paced financial industry, Fitch Group strategically adopted an event-driven microservices architecture.

Data-driven 98

Data-driven Management Risk Big Data 98

David Menninger's Analyst Perspectives

NOVEMBER 12, 2024

One new and interesting topic covered at the event was process mining, which Infor is introducing in its various cloud suites. Process mining analyzes event data from the logs of software applications to understand how processes are designed to perform and how they actually perform. The average expected spend for 2024 is 3.7%

Finance 130

Finance Prescriptive Analytics Cost-Benefit Manufacturing 130

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

AWS Big Data

MARCH 29, 2024

Real-time data streaming and event processing present scalability and management challenges. In this post, Nexthink shares how Amazon Managed Streaming for Apache Kafka (Amazon MSK) empowered them to achieve massive scale in event processing. We also lacked a data buffer, risking potential data loss during outages.

Data-driven 111

Data-driven Cost-Benefit Metrics Management 111

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

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

Rocket-Powered Data Science

JUNE 17, 2022

While the event was live in-person in Las Vegas, I attended virtually from my home office. The dominant references everywhere to Observability was just the start of awesome brain food offered at Splunk’s.conf22 event. I recently attended the Splunk.conf22 conference. Reference ) Splunk Enterprise 9.0 is here, now!

Machine Learning 238

Machine Learning Recreation/Entertainment Risk Business Objectives 238

CIO Business Intelligence

MAY 13, 2023

And more specifically, how do CIOs, CSOs, and cybersecurity teams learn to deal with technology that may pose serious security and privacy risks? Given all of this, there are potential risks and rewards involved in using ChatGPT in cybersecurity. Microsoft has major ambitions for Security Copilot.

Risk 137

Risk Marketing Enterprise Technology 137

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. Assume unknown unknowns.

Risk 108

Risk Experimentation Testing Strategy 108

CIO Business Intelligence

NOVEMBER 27, 2024

Recent research shows that 67% of enterprises are using generative AI to create new content and data based on learned patterns; 50% are using predictive AI, which employs machine learning (ML) algorithms to forecast future events; and 45% are using deep learning, a subset of ML that powers both generative and predictive models.

Data Architecture 128

Data Architecture Cost-Benefit Machine Learning Experimentation 128

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 Interactive Modeling 105

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

NOVEMBER 6, 2024

This award-winning access management project uses automation to streamline access requests and curb security risks. Automating access saves precious time, reduces risks Święty measures the impact of Relativity’s access management automation project in terms of both access and time. Learn more here.

Management 97

Management Risk Measurement Interactive 97

CIO Business Intelligence

NOVEMBER 21, 2024

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.” The code of conduct is directed by 11 guiding principles, many of which focus on risks, vulnerabilities, security, and protections.

Consulting 120

Consulting Risk Risk Management Marketing 120

Rocket-Powered Data Science

FEBRUARY 15, 2023

3) How do we get started, when, who will be involved, and what are the targeted benefits, results, outcomes, and consequences (including risks)? Do not covet thy data’s correlations: a random six-sigma event is one-in-a-million. (2) Why should your organization be doing it and why should your people commit to it? (3)

Strategy 290

Strategy Experimentation Uncertainty Machine Learning 290

AWS Big Data

JANUARY 9, 2025

This simplifies data modification processes, which is crucial for ingesting and updating large volumes of market and trade data, quickly iterating on backtesting and reprocessing workflows, and maintaining detailed audit trails for risk and compliance requirements. At petabyte scale, Icebergs advantages become clear. alias("day")).distinct().count().show(truncate=False)

Metadata 111

Metadata Snapshot Cost-Benefit Optimization 111

CIO Business Intelligence

JANUARY 21, 2025

Speaking at a university event in Taiwan, TSMC CEO and Chairman C.C. Delays at TSMCs Arizona plant could compel its customers to rely on Taiwan-based facilities, leaving them vulnerable to geopolitical risks tied to Taiwans dominance in semiconductor production. nm chips expected to be more prevalent next year.

Manufacturing 116

Manufacturing Cost-Benefit Recreation/Entertainment Technology 116

CIO Business Intelligence

NOVEMBER 5, 2024

International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the technology markets. Businesses have no choice but to adapt to these new regulations. IDC is a wholly owned subsidiary of International Data Group (IDG Inc.),

Uncertainty 98

Uncertainty Measurement ROI Reporting 98

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. Precursor analytics is related to sentinel analytics. One could say that sentinel analytics is more like unsupervised machine learning, while precursor analytics is more like supervised machine learning.

Data-driven 188

Data-driven Enterprise Analytics Machine Learning 188

CIO Business Intelligence

DECEMBER 9, 2024

The transformative impact of artificial intelligence (AI)and, in particular, generative AI (GenAI)emerged as a defining theme at the CSO Conference & Awards 2024: Cyber Risk Management. Throughout the event, participants explored how AI is fundamentally altering the way enterprises approach security challenges.

Cost-Benefit 64

Cost-Benefit Risk Risk Management Predictive Analytics 64

Rocket-Powered Data Science

JULY 21, 2023

My strong interest hasn’t diminished, and neither has Splunk’s developments and product releases in that space, as seen in observability’s prominent mention within many of Splunk’s announcements at this year’s.conf23 event. Splunk AI Assistant – Boom!

Machine Learning 190

Machine Learning Metrics Internet of Things Reporting 190

CIO Business Intelligence

JANUARY 21, 2025

Practical strategies for CIOs To manage costs effectively while fostering innovation, CIOs can implement the following strategies: Start small: Pilot programs minimize financial risk while providing insights into the feasibility and impact of new technologies. Focus on small-scale initiatives with clear objectives to demonstrate value early.

Cost-Benefit 98

Cost-Benefit ROI Measurement Strategy 98

CIO Business Intelligence

DECEMBER 11, 2024

For example, if preserving the order of events is essential for business needs, the appropriate batch, micro-batch or streaming configuration must be implemented to meet these requirements. It is crucial to remember that business needs should drive the pipeline configuration, not the other way around.

Management 111

Management Data Governance Data Science Reporting 111

CIO Business Intelligence

NOVEMBER 15, 2023

This is a virtual event so take part from wherever you are, but don’t miss out on the inspiration and information that is being offered for free to those who qualify to attend. Keren kicks off the event at 11:30 ET and is followed by Joanne and Isaac. Artificial Intelligence, Cybercrime, Events I hope to see you there!

Risk 130

Risk IT 130

CIO Business Intelligence

NOVEMBER 14, 2024

BPS also adopts proactive thinking, a risk-based framework for strategic alignment and compliance with business objectives. This way, the IT initiative has business objectives and indicators, allowing you to monitor target achievement and activate action plans in the event these targets aren’t achieved.”

ROI 119

ROI B2B Business Objectives Digital Transformation 119

CIO Business Intelligence

APRIL 8, 2025

Fragmented systems, inconsistent definitions, legacy infrastructure and manual workarounds introduce critical risks. The decisions you make, the strategies you implement and the growth of your organizations are all at risk if data quality is not addressed urgently. Manual entries also introduce significant risks.

Data Quality 102

Data Quality Data-driven Key Performance Indicator Metadata 102

David Menninger's Analyst Perspectives

MAY 1, 2025

The company recently held an analyst event in New York to highlight its software investment focus, technology advances and product roadmap. I commented last year at another Infor event about the potential for process mining in creating new sources of value from business software.

Manufacturing 130

Manufacturing Finance Software Enterprise 130

AWS Big Data

MARCH 25, 2025

This avoids the risk of infinite replication loops commonly associated with third-party or open source replication tools. In the event of a failure to communicate to MSK cluster due to primary region impairment, you need to fail over the clients to the secondary MSK cluster. The following diagram illustrates the solution architecture.

Metrics 110

Metrics Testing Management Risk 110

AWS Big Data

JUNE 20, 2024

Processing these data streams in real time is key to delivering responsive and personalized solutions, and maximizes the value of data by processing it as close to the event time as possible. Having a dedicated MSK cluster per tenant increases the risk of overprovisioning and requires duplication of management and monitoring tooling.

Modeling 115

Modeling Internet of Things Risk Management 115