CIO Business Intelligence

DECEMBER 18, 2024

Financial institutions have an unprecedented opportunity to leverage AI/GenAI to expand services, drive massive productivity gains, mitigate risks, and reduce costs. GenAI is also helping to improve risk assessment via predictive analytics.

Forecasting 105

Forecasting Predictive Analytics Risk Finance 105

O'Reilly on Data

JULY 15, 2019

In recent posts, we described requisite foundational technologies needed to sustain machine learning practices within organizations, and specialized tools for model development, model governance, and model operations/testing/monitoring. Note that the emphasis of SR 11-7 is on risk management.). Sources of model risk.

Machine Learning 52

Machine Learning Management Enterprise Risk Management 52

Smart Data Collective

NOVEMBER 22, 2021

Securing financing is a huge example. Data analytics technology is helping more companies get the financing that they need for a variety of purposes. One of the most important benefits of big data involves getting financing for new equipment. The Growing Importance of Using Big Data to Finance New Equipment.

Finance 128

Finance Data Analytics Analytics Big Data 128

O'Reilly on Data

MARCH 18, 2020

Whether it’s controlling for common risk factors—bias in model development, missing or poorly conditioned data, the tendency of models to degrade in production—or instantiating formal processes to promote data governance, adopters will have their work cut out for them as they work to establish reliable AI production lines.

Enterprise 347

Enterprise Deep Learning Data Governance Risk 347

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 UAE provides a similar model to China, although less prescriptive regarding national security.

Consulting 120

Consulting Risk Risk Management Marketing 120

Domino Data Lab

AUGUST 6, 2021

All models require testing and auditing throughout their deployment and, because models are continually learning, there is always an element of risk that they will drift from their original standards. As such, model governance needs to be applied to each model for as long as it’s being used.

Machine Learning 145

Machine Learning Modeling Testing Data Science 145

CIO Business Intelligence

NOVEMBER 6, 2024

The group includes the CTO, the VP of technology, and business leaders from other functions, including finance and HR. For example, the Met Office is using Snowflake’s Cortex AI model to create natural language descriptions of weather forecasts. Everybody listens to what the product is, and they ask questions,” says Wildeman. “To

Forecasting 133

Forecasting Risk Technology Strategy 133

Smart Data Collective

FEBRUARY 28, 2023

One of the most important changes pertains to risk parity management. We are going to provide some insights on the benefits of using machine learning for risk parity analysis. However, before we get started, we will provide an overview of the concept of risk parity. What is risk parity? What is risk parity?

Machine Learning 117

Machine Learning Risk Cost-Benefit Marketing 117

CIO Business Intelligence

NOVEMBER 13, 2024

One is going through the big areas where we have operational services and look at every process to be optimized using artificial intelligence and large language models. But a substantial 23% of respondents say the AI has underperformed expectations as models can prove to be unreliable and projects fail to scale.

IT 141

IT Consulting ROI Cost-Benefit 141

CIO Business Intelligence

APRIL 8, 2025

Fragmented systems, inconsistent definitions, legacy infrastructure and manual workarounds introduce critical risks. Key recommendations include investing in AI-powered cleansing tools and adopting federated governance models that empower domains while ensuring enterprise alignment. Manual entries also introduce significant risks.

Data Quality 102

Data Quality Data-driven Key Performance Indicator Metadata 102

O'Reilly on Data

SEPTEMBER 19, 2023

” Web3 has similarly progressed through “basic blockchain and cryptocurrency tokens” to “decentralized finance” to “NFTs as loyalty cards.” Stage 2: Machine learning models Hadoop could kind of do ML, thanks to third-party tools. And it was good. For a few years, even.

Machine Learning 336

Machine Learning Testing Modeling Cost-Benefit 336

CIO Business Intelligence

NOVEMBER 19, 2024

Robust cloud cost management tools and practices that foster collaboration between IT, finance, and business units can help ensure alignment and effective optimization of cloud investments,” notes Morris. Their collaboration enables real-time delivery of insights for risk management, fraud detection, and customer personalization.

Analytics 97

Analytics Cost-Benefit Finance Data-driven 97

O'Reilly on Data

APRIL 22, 2020

Three months ago, Apple released a new credit card in partnership with Goldman Sachs that aimed to disrupt the highly regulated world of consumer finance. Apple is a great producer of computer hardware, while Goldman knows finance and its complex rules backwards and forwards. Ethics is much more slippery.

Cost-Benefit 325

Cost-Benefit Finance Data-driven Strategy 325

CIO Business Intelligence

NOVEMBER 21, 2024

Hidden costs and price hikes Deploying AI takes a different approach than other technologies, adds Sumit Johar, CIO at finance software vendor BlackLine. In many cases, small wins that show quick value may be a better bet than huge, high-risk projects, Miller advises. The cost “just compounds exponentially,” he adds. “It

Management 124

Management Interactive ROI Software 124

AWS Big Data

JANUARY 9, 2025

This post explores how Iceberg can enhance quant research platforms by improving query performance, reducing costs, and increasing productivity, ultimately enabling faster and more efficient strategy development in quantitative finance. You can refer to this metadata layer to create a mental model of how Icebergs time travel capability works.

Metadata 106

Metadata Snapshot Cost-Benefit Optimization 106

O'Reilly on Data

MAY 14, 2020

Experimentation: It’s just not possible to create a product by building, evaluating, and deploying a single model. In reality, many candidate models (frequently hundreds or even thousands) are created during the development process. Modelling: The model is often misconstrued as the most important component of an AI product.

Management 364

Management Experimentation B2B Machine Learning 364

CIO Business Intelligence

SEPTEMBER 2, 2022

But financial services companies need skilled IT professionals to help manage the integration of new and emerging technology, while modernizing legacy finance tech. As demand for tech skills grows in the finance industry, certain IT jobs are becoming more sought-after than others. Data engineer.

Finance 98

Finance IT Software Reporting 98

CIO Business Intelligence

AUGUST 31, 2022

But financial services companies need skilled IT professionals to help manage the integration of new and emerging technology, while modernizing legacy finance tech. As demand for tech skills grows in the finance industry, certain IT jobs are becoming more sought-after than others. Data engineer.

Finance 98

Finance IT Software Reporting 98

O'Reilly on Data

APRIL 4, 2024

The race to the top is no longer driven by who has the best product or the best business model, but by who has the blessing of the venture capitalists with the deepest pockets—a blessing that will allow them to acquire the most customers the most quickly, often by providing services below cost. Venture capitalists don’t have a crystal ball.

Marketing 232

Marketing Finance Modeling Experimentation 232

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

CIO Business Intelligence

MARCH 25, 2024

Modern digital organisations tend to use an agile approach to delivery, with cross-functional teams, product-based operating models , and persistent funding. But to deliver transformative initiatives, CIOs need to embrace the agile, product-based approach, and that means convincing the CFO to switch to a persistent funding model.

Modeling 124

Modeling Cost-Benefit IT ROI 124

CIO Business Intelligence

OCTOBER 10, 2022

This model encourages leaders to demonstrate authentic, strong leadership with the idea that employees will be inspired to follow suit. For a deeper look at the transformational leadership model, see “ How to apply transformational leadership at your company.”. Transformational leadership model.

Modeling 145

Modeling Digital Transformation Software Manufacturing 145

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

CIO Business Intelligence

JANUARY 21, 2025

Excessive infrastructure costs: About 21% of IT executives point to the high cost of training models or running GenAI apps as a major concern. million in 2026, covering infrastructure, models, applications, and services. Engage stakeholders: Work with finance and operations teams to align on budgets, shared goals, and success metrics.

Cost-Benefit 98

Cost-Benefit ROI Measurement Strategy 98

Smart Data Collective

JUNE 3, 2021

Analytics technology is becoming integral to the field of finance. Strategic Financial Management or strategic finance is a process to help a company’s finances. I will detail the role of analytics in strategic financial management and how mosaic finance can help you throughout the process! What is Strategic Finance?

Management 124

Management Analytics Finance Analytics Technologies 124

Jet Global

MAY 11, 2021

. – May 11, 2021 – In the early days of the pandemic, cash flow management took center stage for many businesses and risk management continues to be a priority this year as business leaders depend more than ever on finance teams for decision-making support. Finance Team’s Role & Challenges. Two-Year Priorities.

Finance 98

Finance Technology Forecasting Uncertainty 98

CIO Business Intelligence

OCTOBER 10, 2024

The growing importance of ESG and the CIO’s role As business models become more technology-driven, the CIO must assume a leadership role, actively shaping how technologies like AI, genAI and blockchain contribute to meeting ESG targets. Similarly, blockchain technologies have faced scrutiny for their energy consumption.

Metrics 124

Metrics Optimization Strategy Technology 124

Cloudera

JUNE 12, 2024

Traditional machine learning (ML) models enhance risk management, credit scoring, anti-money laundering efforts and process automation. Some of the biggest and well-known financial institutions are already realizing value from AI and GenAI: JPMorgan Chase uses AI for personalized virtual assistants and ML models for risk management.

Finance 77

Finance Risk Management Risk Data-driven 77

IBM Big Data Hub

SEPTEMBER 7, 2023

Today we are announcing our latest addition: a new family of IBM-built foundation models which will be available in watsonx.ai , our studio for generative AI, foundation models and machine learning. Collectively named “Granite,” these multi-size foundation models apply generative AI to both language and code.

Modeling 101

Modeling Risk Unstructured Data Enterprise 101

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 includes processes that trace and document the origin of data, models and associated metadata and pipelines for audits.

Risk 70

Risk Modeling Management Metadata 70

IBM Big Data Hub

SEPTEMBER 18, 2023

Today, we are seeing significant digital disruption in the business of trade and supply chain financing that is largely influenced by global events and geopolitics, changing regulations, compliance and control requirements, advancements in technology and innovation, and access to capital.

Finance 82

Finance Cost-Benefit Consulting Data-driven 82

Cloudera

MAY 18, 2021

In this article, we will be using synthetic market data generated by an agent-based model (ABM) developed by Simudyne. Rather than a top-down approach, ABMs model autonomous actors (or agents) within a complex system — for example, different kinds of buyers and sellers in financial markets. Intraday VaR. Image Source: [link].

Risk 99

Risk Marketing Risk Management Data-driven 99

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 131

Data Analytics Analytics Finance Data mining 131

Domino Data Lab

JULY 14, 2022

The financial services industries are starting to realize the full import of the fact that, like household chores like dishwashing and garden work, ML models are never really done. Rather, AI and ML models need to be monitored for validity, and often, they also need to be re-explained and re-documented for regulators.

Insurance 98

Insurance Modeling Management Risk Management 98

CIO Business Intelligence

FEBRUARY 10, 2023

Predictive analytics definition Predictive analytics is a category of data analytics aimed at making predictions about future outcomes based on historical data and analytics techniques such as statistical modeling and machine learning. Models can be designed, for instance, to discover relationships between various behavior factors.

Predictive Analytics 145

Predictive Analytics Analytics Predictive Modeling Forecasting 145

Smart Data Collective

JULY 8, 2021

Artificial intelligence is rapidly changing the state of finance. You might have access to a number of websites that use AI technology to help save money, get new financing opportunities and avoid serious financial risks. These issues all are reasons AI is very helpful in finance. This will help you save money.

Machine Learning 143

Machine Learning Management Finance Cost-Benefit 143

CIO Business Intelligence

NOVEMBER 20, 2024

At its Microsoft Ignite 2024 show in Chicago this week, Microsoft and industry partner experts showed off the power of small language models (SLMs) with a new set of fine-tuned, pre-trained AI models using industry-specific data. The company notes that customers can also use the models to configure agents in Microsoft Copilot Studio.

Manufacturing 122

Manufacturing Marketing Modeling Finance 122