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.” Babin has extensive experience as a senior management consultant at two global consulting firms.

Consulting 120

Consulting Risk Risk Management Marketing 120

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

IBM Big Data Hub

MAY 28, 2024

While every data protection strategy is unique, below are several key components and best practices to consider when building one for your organization. What is a data protection strategy? Why it’s important for your security strategy Data powers much of the world economy—and unfortunately, cybercriminals know its value.

Strategy 81

Strategy Measurement Risk Cost-Benefit 81

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

CIO Business Intelligence

MAY 24, 2024

A variety of roles in the enterprise require or benefit from a GRC certification, such as chief information officer, IT security analyst, security engineer architect, information assurance program manager, and senior IT auditor , among others.

Risk 119

Risk Risk Management Management Enterprise 119

CIO Business Intelligence

OCTOBER 30, 2023

Disruption has moved from the exception to the norm With disruption now a constant rather than one-off event, organizations must be able to quickly react to change with agility across all aspects of their operating models. The philosophy behind adaptive systems is more about innovation than risk management.

Digital Transformation 143

Digital Transformation Risk Management IoT Cost-Benefit 143

O'Reilly on Data

JANUARY 22, 2019

Whether financial models are based on academic theories or empirical data mining strategies, they are all subject to the trinity of modeling errors explained below. In other words, extreme events occur far more frequently than predicted by the normal distribution. Bayesian Risk Management , by Matt Sekerke, Wiley, 2015.

Modeling 213

Modeling Finance Uncertainty Data mining 213

IBM Big Data Hub

DECEMBER 8, 2023

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. Organizations need to be cautious, however, not to copy from another organization.

Risk 67

Risk Strategy Risk Management Insurance 67

Ontotext

FEBRUARY 26, 2024

Ontotext’s Relation and Event Detector (RED) is designed to assess and analyze the impact of market-moving events. The answers to these foundational questions help you uncover opportunities and detect risks. Why do risk and opportunity events matter? and “What is the financial impact?”.

Data-driven 59

Data-driven Risk Modeling Risk Management 59

Smart Data Collective

JUNE 19, 2022

Finally, unexpected or unavoidable events, like the blockage of a major trade route or unprecedented and severe storms , can cause catastrophic delays that shut down manufacturing or prevent trade from coming or going to a region. You can use predictive analytics tools to anticipate different events that could occur.

Risk 144

Risk Cost-Benefit Risk Management Manufacturing 144

IBM Big Data Hub

FEBRUARY 19, 2024

In today’s complex global business environment, effective supply chain management (SCM) is crucial for maintaining a competitive advantage. Here’s how companies are using different strategies to address supply chain management and meet their business goals.

Strategy 81

Strategy Management Forecasting Internet of Things 81

CIO Business Intelligence

AUGUST 6, 2024

This includes developing an understanding of the most critical systems and how to respond in the event of an outage. While you need to be careful to avoid “fighting the last war,” using recent events from the real world can help teams think through the appropriate response. Learn more about IDC’s research for technology leaders.

Risk Management 111

Risk Management Risk Testing Finance 111

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. This includes having containment equipment and trained personnel ready to manage emergencies effectively.

Risk 130

Risk Management Risk Management Strategy 130

CIO Business Intelligence

JULY 26, 2023

While implementing effective strategies that harness automation and security technology remain critical, the most successful organizations tackle complex security challenges by involving different organizational disciplines in the risk-management problem statement. involved in the risk management process.

Enterprise 98

Enterprise Risk Management Risk Manufacturing 98

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

CIO Business Intelligence

SEPTEMBER 6, 2023

The value of addressing cybersecurity issues through ongoing discussions is getting corporate alignment on effective and robust strategies, says Roger Albrecht, co-lead of the cybersecurity unit at technology research and advisory firm ISG. Are our systems adequately modernized for security? What would be the next steps?

IT 142

IT ROI Risk Strategy 142

CIO Business Intelligence

MARCH 4, 2025

It outlines strategies to ensure operations continue, minimize disruption, and drive preventative measures and contingency plans. This diligence results in a decision matrix that balances investment, value, and risk. Download the AI Risk Management Enterprise Spotlight.)

Testing 64

Testing Risk Consulting Risk Management 64

CIO Business Intelligence

MAY 20, 2024

The CIO position has morphed since its inception 40 years ago, shifting from a nuts-and-bolts techie job to an increasingly business- and strategy-focused executive role. Risk management came in at No. Artificial Intelligence, Business IT Alignment, Data and Information Security, IT Leadership, IT Strategy For Rev.io

IT 142

IT Risk Management Machine Learning Risk 142

CIO Business Intelligence

JULY 12, 2023

Last week, I attended the annual Gartner® Security and Risk Management Summit. The event gave Chief Information Security Officers (CISOs) and other security professionals the opportunity to share concerns and insights about today’s most pressing issues in cybersecurity and risk management. See you there.

Risk Management 98

Risk Management Risk Digital Transformation Strategy 98

CIO Business Intelligence

MARCH 12, 2024

Here are three strategies for getting it done. Invoke the what-if fear factor Preemptive project funding and prioritization usually falls short because of other, more pressing project priorities that are pushed forward because the likelihood of the preemptive event happening is small.

ROI 122

ROI IT Manufacturing Metrics 122

CIO Business Intelligence

NOVEMBER 21, 2023

After all, 41% of employees acquire, modify, or create technology outside of IT’s visibility , and 52% of respondents to EY’s Global Third-Party Risk Management Survey had an outage — and 38% reported a data breach — caused by third parties over the past two years.

IT 137

IT Risk Cost-Benefit Data Science 137

CIO Business Intelligence

SEPTEMBER 13, 2024

If we experience a cyber attack or ransomware event, this could mean we can’t accept new patients because we can’t guarantee our ability to take care of them.” They also had to retrofit some older solutions to ensure they didn’t expose the business to greater risks. According to Torres, the strategy has proven to be successful.

Risk 128

Risk IT IoT Statistics 128

CIO Business Intelligence

SEPTEMBER 14, 2023

Peterson also worked closely with the founders of Databricks and has been on the cutting edge of AI, natural language processing, and Apache Spark, an open-source analytics engine that Nasdaq has used to develop risk management applications.

Risk Management 116

Risk Management Risk Marketing Cost-Benefit 116

Smart Data Collective

AUGUST 6, 2020

In order to stay safe, maritime organizations must invest in the proper security mechanisms and strategies. Develop a Robust Strategy. Mission Secure believes in a six-part cybersecurity risk management approach. A failure to invest in a 360-degree strategy like this could lead to serious compromises.

Risk 121

Risk Measurement Strategy Risk Management 121

John Wheeler

APRIL 30, 2018

Preparations for our upcoming global summit events are at a fever pitch. I will be presenting three sessions at our summit events that explore how an IRM strategy and technology solution set can strengthen an organization’s resilience in this new era of digital danger. 1) State of Risk Management, 2018 .

Risk 40

Risk Risk Management Data-driven Strategy 40

Smart Data Collective

JULY 19, 2021

Risk Management. Companies using data centers within their data recovery strategies do this with the aim of mitigating risk in the case of some external mishap (unfortunate events such as natural disasters). Relying on these services ensures the continuity of a business in the case of a disaster.

Cost-Benefit 133

Cost-Benefit Risk Management Risk Consulting 133

CIO Business Intelligence

JULY 25, 2024

Modern SOCs are equipped with advanced tools and technologies such as security information and event management (SIEM) systems, threat intelligence platforms, and automated response solutions. Despite these advancements, when an incident is reported, it is often unclear whether it is a security event or not.

IT 111

IT Finance Consulting Reporting 111

IBM Big Data Hub

MARCH 25, 2024

As the effects of climate change intensify, extreme weather events are becoming increasingly frequent and severe. The US experienced 25 extreme weather events in 2023, each causing losses of over USD 1 billion, with a total cost of USD 73.8 These climate events have a huge potential impact on financial institutions.

Insurance 85

Insurance Forecasting Risk Risk Management 85

CIO Business Intelligence

MAY 11, 2022

When astute executives, including CIOs, cheat disruption by focusing on business continuity management (BCM) programs that build resilience, the enterprise transformation can prosper. in the event of a disruption, and design solutions to minimize the impact. The CIO’s customer is the business itself. Proactivity also is a must.

Management 98

Management Insurance Testing Finance 98

CIO Business Intelligence

AUGUST 7, 2023

According to Rocket Software’s survey: Only 33% of respondents are extremely confident that they have the right technology/software in place to execute an effective approach to IT risk management. Only 28% of respondents are extremely confident they have the right people in place to execute an effective approach to IT risk management.

Risk 98

Risk IT Management Risk Management 98

CIO Business Intelligence

OCTOBER 3, 2024

“If the organization is transaction-heavy, in highly regulated industries, needs an ultra-secure environment for sensitive AI workloads, or is operating under strict data sovereignty restrictions, IBM’s zNext is worth considering as part of a hybrid architecture strategy,” says Chris Nardecchia, SVP and CDIO at Rockwell Automation. “If

Machine Learning 140

Machine Learning Experimentation Insurance Modeling 140

AWS Big Data

FEBRUARY 1, 2024

Amazon Redshift features like streaming ingestion, Amazon Aurora zero-ETL integration , and data sharing with AWS Data Exchange enable near-real-time processing for trade reporting, risk management, and trade optimization. Apart from generating regulatory reports, these teams require visibility into the health of the reporting systems.

Data Warehouse 134

Data Warehouse Dashboards Risk Management Risk 134

Cloudera

OCTOBER 20, 2021

As governments gather to push forward climate and renewable energy initiatives aligned with the Paris Agreement and the UN Framework Convention on Climate Change, financial institutions and asset managers will monitor the event with keen interest. A Partnership in Climate Risk Modelling. Assess Variables.

Risk 80

Risk Modeling Risk Management Measurement 80

CIO Business Intelligence

JULY 2, 2024

Recently, MENA and Central Asian telecoms stakeholders came together at a roundtable during MWC Shanghai 2024, the leading connectivity event in Asia Pacific. It also explored how carriers, enterprises, oversight agencies, and regulators can enhance mobile security capabilities and provide guidance for risk management strategies.

Experimentation 105

Experimentation Digital Transformation Risk Management Risk 105

Cloudera

AUGUST 21, 2021

It provides direction for a robust business strategy that has taken into account risks and ways to manage them. Better visibility of their customers assures banks that they are not exposing themselves to additional risks in the process. Addressing new customers and markets. Personalizing the customer experience.

Data-driven 103

Data-driven Digital Transformation Risk Risk Management 103

Cloudera

MAY 24, 2022

In the various discussions I had over the two-day event, climate change appears to be the more clearly defined ESG initiative for most organizations. Justin Lyon, CEO of Simudyne, spoke at this same conference and I asked about his observations from the event and the state of readiness in the industry. .

Risk 89

Risk Measurement Modeling Risk Management 89

erwin

SEPTEMBER 17, 2020

For example, capital markets trading firms must implement data lineage to support risk management, data governance and reporting for various regulations such as the Basel Committee on Banking Supervision’s standard number 239 (BCBS 239) and Markets in Financial Instruments Directive (MiFID II).

Cost-Benefit 143

Cost-Benefit Data Governance Metadata Reporting 143