CIO Business Intelligence

MARCH 25, 2022

Policy makers around the world have been recognizing this heightened risk, which has been further amplified by the recent geopolitical tensions. The European Union (EU) has pulled together a proposal for a unified framework to regulate risk management for financial institutions. When having to manage corporate risk, simplicity is key.

Finance 98

Finance KPI Risk IoT 98

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

O'Reilly on Data

JUNE 15, 2023

Should we risk loss of control of our civilization?” If we want prosocial outcomes, we need to design and report on the metrics that explicitly aim for those outcomes and measure the extent to which they have been achieved. If every company had a different way of reporting its finances, it would be impossible to regulate them.

Metrics 290

Metrics Reporting Measurement Finance 290

Jet Global

MAY 15, 2020

A financial Key Performance Indicator (KPI) or metric is a quantifiable measure that a company uses to gauge its financial performance over time. The Fundamental Finance KPIs and Metrics – Cash Flow. Without enough cash on hand to support a short-term negative cash flow, external financing may be required. Current Ratio.

Metrics 98

Metrics Finance Reporting KPI 98

IBM Big Data Hub

JUNE 23, 2023

While you may have learned about generative artificial intelligence (AI), you may not know what it means for the future of Finance and Accounting (F&A). Well-trained models can ensure that you adhere to predefined rules, standards and guidelines, reducing the risk of errors and eliminating inconsistencies in these narratives.

Finance 58

Finance Reporting Cost-Benefit Modeling 58

Jet Global

OCTOBER 8, 2020

Covid-19 has had a hugely disruptive impact on operational finance. The term ‘operational finance’ encapsulates the critical activities associated with order to cash, procure to pay, fixed assets, close, consolidation, and reporting. It also decreases the risk of errors by eliminating disjointed, manual processes.

Finance 98

Finance Reporting Forecasting Uncertainty 98

David Menninger's Analyst Perspectives

NOVEMBER 7, 2024

The difference is in using advanced modeling and data management to make faster scenario planning possible, driven by actionable key performance measures that enable faster, well-informed decision cycles. Finance people think in terms of money, but line-of-business managers almost always think in terms of things.

Forecasting 130

Forecasting Machine Learning Finance Predictive Analytics 130

CIO Business Intelligence

AUGUST 16, 2023

We put sensors in the vessels, and with the measurement data we receive, we can see how full they are and plan the routes accordingly,” says Andreas Bäckström, a business developer at Division Drift. 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

OCTOBER 29, 2024

Kar advises taking a measured approach to system modernization. Leaders who adopt a crawl-walk-run approach, with thoughtful risk-taking and a strategic focus on actions and results, maximize the business value from IT modernization.” Ganoorkar also recommends setting priorities based on business impact, cost, complexity, and risk.

IT 139

IT Cost-Benefit Strategy Risk 139

Jet Global

DECEMBER 21, 2020

In the more modern terminology of business, we could rephrase that to say “be careful about concentration risk.”. When an organization is too reliant on one company or market segment to drive revenue or ensure an adequate product supply, it creates concentration risk. Vendor Concentration Risk. Fourth-Party Concentration Risk.

Risk 98

Risk Sales Reporting Forecasting 98

CIO Business Intelligence

AUGUST 15, 2024

As organisations adjust to managing remote and hybrid teams, supporting digital transformation, and navigating an uncertain and volatile global economy, they face an ever-expanding landscape of vulnerabilities and increasing risk. Home printers pose an additional risk, particularly those that were purchased by employees.

Risk 110

Risk Digital Transformation Finance Marketing 110

CIO Business Intelligence

AUGUST 6, 2024

This article explores the lessons businesses can learn from the CrowdStrike outage and underscores the importance of proactive measures like performing a business impact assessment (BIA) to safeguard operations against similar disruptions. This helps mitigate risks and ensures accountability.

Risk Management 111

Risk Management Risk Testing Finance 111

CIO Business Intelligence

APRIL 29, 2024

If you are a CIO or CISO and haven’t yet read this article – Finance worker pays out $25 million after video call with deepfake ‘chief financial officer,’ you should and then share it with your entire company. The digital impostors mimicked the finance worker’s actual team with disturbing accuracy. What happens then?

Finance 122

Finance Recreation/Entertainment Measurement Risk 122

CIO Business Intelligence

OCTOBER 4, 2024

Emerging companies such as Olive AI, developer of an administrative task automation system for health centers, or Plastiq, an online payment platform, obtained important rounds of financing, only then to declare bankruptcy. This will help to not only mitigate immediate risks, but strengthen long-term resilience.

IT 121

IT Measurement Risk Strategy 121

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

CIO Business Intelligence

MAY 29, 2024

As Eli Lambert, Managing Director of Accenture’s Global IT Finance Platforms, noted, “a significant challenge for a large IT enterprise is keeping up with the speed of business and ahead of technology change. Accenture needed a more agile, scalable, and innovative platform to support its dynamic and diverse business needs.

Cost-Benefit 126

Cost-Benefit Finance Strategy Risk 126

CIO Business Intelligence

SEPTEMBER 12, 2024

The familiar narrative illustrates the double-edged sword of “shadow AI”—technologies used to accomplish AI-powered tasks without corporate approval or oversight, bringing quick wins but potentially exposing organizations to significant risks. Establish continuous training emphasizing ethical considerations and potential risks.

Experimentation 111

Experimentation Risk Cost-Benefit Strategy 111

CIO Business Intelligence

OCTOBER 15, 2024

For example, a company aiming for market expansion might focus on developing scalable infrastructure, enabling application localization, and enhancing security measures to support operations in new regions. Defining metrics to measure success helps track progress and evaluate the impact of the initiatives.

Strategy 133

Strategy Gap analysis IT Consulting 133

Jen Stirrup

AUGUST 14, 2019

This is particularly evidence in relationships between Finance and IT. IT and Finance concepts are difficult for non-specialists to understand, and messages may not be received as they were intended when working across different teams. However, the quantity of communication does not always reflect the quality of communication.

Business Intelligence 96

Business Intelligence Finance IT Cost-Benefit 96

Cloudera

MAY 18, 2021

These interactions are captured and the resulting synthetic data sets can be analysed for a number of applications, such as training models to detect emergent fraudulent behavior, or exploring “what-if” scenarios for risk management. Value-at-Risk (VaR) is a widely used metric in risk management. Intraday VaR. Citations. [1]

Risk 98

Risk Marketing Risk Management Data-driven 98

CIO Business Intelligence

JUNE 30, 2023

How well the CIO understands finance : “The CIO should run IT like a business within a business,” says McGittigan. They also know the potential risks. There’s an opportunity for the CIO to educate the CFO by explaining the change part in the same terms as the run part, but the average CIO lacks a sufficient understanding of finance.”

Finance 116

Finance Cost-Benefit Digital Transformation Reporting 116

CIO Business Intelligence

JUNE 13, 2024

Over the past year, generative AI – artificial intelligence that creates text, audio, and images – has moved from the “interesting concept” stage to the deployment stage for retail, healthcare, finance, and other industries. Ryan O’Leary: “The big ethical challenges are the risks of misinformation, biases, and potential privacy breaches.

Forecasting 137

Forecasting Risk Finance Machine Learning 137

Domino Data Lab

AUGUST 6, 2021

Model Risk Management is about reducing bad consequences of decisions caused by trusting incorrect or misused model outputs. Systematically enabling model development and production deployment at scale entails use of an Enterprise MLOps platform, which addresses the full lifecycle including Model Risk Management. What Is Model Risk?

Risk Management 64

Risk Management Risk Modeling Enterprise 64

CIO Business Intelligence

AUGUST 28, 2024

For example, with several dozen ERPs and general ledgers, and no enterprise-wide, standard process definitions of things as simple as cost categories, a finance system with a common information model upgrade becomes a very big effort. But our success measurement is not migration of workloads to the cloud.

Strategy 121

Strategy B2B Finance Enterprise 121

Smart Data Collective

JANUARY 12, 2022

Data analytics has arguably become the biggest gamechanger in the field of finance. Personal finance mistakes and issues often happen to businesses and business owners. Good finance habits set entrepreneurs up for success by letting them focus on the growth of their companies. Fraud risks. billion in the next two years.

Data Analytics 121

Data Analytics Analytics Finance Data mining 121

IBM Big Data Hub

MAY 14, 2024

Read the report: CEO’s guide to AI in finance Unlocking the value CFOs are not expected to be technology experts. That said, they do need to understand how to measure the business value created from generative AI across the organization while also using the technology to augment their own skills and capabilities.

Finance 67

Finance Cost-Benefit Forecasting Reporting 67

CIO Business Intelligence

OCTOBER 2, 2024

Risk management Imagine if you had to evacuate a six-mile radius due to a toxic substance being released into the air from one of your plants, such as what happened in 2020 at a well-known company’s food plant in Camilla, GA. Identify gaps related to ethics, transparency, risk and compliance.

Gap analysis 119

Gap analysis Risk Manufacturing Data Governance 119

Jedox

APRIL 10, 2019

When embracing better-practice, balancing risk to return can be complex and choosing a path that delivers high business value, with minimum disruption is not always easy. The best finance teams I’ve worked with apply very simple principals, even in complex transformation projects. A third reason is not knowing where to start.

Digital Transformation 43

Digital Transformation Risk Finance Sales 43

Smart Data Collective

JULY 16, 2023

It has completely changed the game in business and finance. The Imperative of Risk Mitigation A crucial element in the world of financial investments is effective hedge fund management. We will talk about some of the biggest ways that big data is changing the future of risk management among hedge funds.

ROI 73

ROI Data Analytics Analytics Risk Management 73

CIO Business Intelligence

MARCH 25, 2024

This article explores how CIOs can address each of their CFO’s key concerns when moving away from project-based teams to persistent funding, including the need to better track ROI, reduce risk, and reduce cost. This approach enabled Finance and business stakeholders to use data insights to see the metrics move as the year progressed.

Modeling 124

Modeling Cost-Benefit IT ROI 124

IBM Big Data Hub

NOVEMBER 14, 2023

This growth could be internal cost effectiveness, stronger risk compliance, increasing the economic value of a partner ecosystem, or through new revenue streams. Internal data monetization initiatives measure improvement in process design, task guidance and optimization of data used in the organization’s product or service offerings.

Strategy 103

Strategy Cost-Benefit Data-driven Measurement 103

CIO Business Intelligence

JULY 2, 2024

In terms of value, this move was designed to enhance customer service, mitigate risks, and boost efficiency, showing substantial benefits to stakeholders. CIOs should assemble teams combining IT, business units, and finance expertise to ensure well-rounded decision-making. Launch proof-of-concept pilots to minimize risk.

Technology 111

Technology Cost-Benefit Digital Transformation Optimization 111

Jedox

FEBRUARY 24, 2022

If you want to become a successful business partner that shifts the finance department from a cost center to a profit driver, you need to change your mindset and self-image. Hence, whether you like it or not it’s time to get serious about becoming a finance business partner. It was the “cost of Finance as a % of revenue.”

Finance 88

Finance Recreation/Entertainment KPI Risk 88

CIO Business Intelligence

AUGUST 27, 2024

The strategy unfolded through careful planning, leveraging technology to enhance the taxpayer experience and ensuring robust cybersecurity measures. A staged approach enables risk mitigation and resource optimization and ensures modernization efforts bolster operational efficiency and competitive advantage.

Cost-Benefit 110

Cost-Benefit Key Performance Indicator ROI Strategy 110

CIO Business Intelligence

NOVEMBER 13, 2024

Managers tend to incentivize activity metrics and measure inputs versus outputs,” she adds. And we’re at risk of being burned out.” Workday announced new AI agents to transform HR and finance processes, and Google issued more AI-powered advertising and marketing tools.

IT 138

IT Consulting ROI Cost-Benefit 138

CIO Business Intelligence

JULY 20, 2023

I’ll never forget the look on my first mortgage clients’ faces as they signed for their new home – the joy and relief washing over them in equal measure. Workflow automation and data analytics are streamlining document management, cross-checking data, assessing for risk, ensuring regulatory compliance, and so on.

Technology 98

Technology Advertising Finance Digital Transformation 98

Jet Global

DECEMBER 9, 2020

When a cash crunch hits, the business managers who have optimized working capital will be better positioned to survive the crisis without resorting to costly financing, liquidating assets at the wrong time, or other desperate measures. In most companies, sales and finance have conflicting goals. Lever 3: Accounts Payable.

Reporting 81

Reporting Finance Sales Measurement 81