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. million , per IBM, which represents a 10% increase over the prior year.

Risk 132

Risk Reporting Digital Transformation Enterprise 132

Smart Data Collective

SEPTEMBER 13, 2021

Remote working has also created greater data security risks. Risk assessments. Enterprises must constantly review and address new risks and changes in protecting data. The program defines the categories of data priority from low-risk, to sensitive, to critical. million on damages caused by data breaches. Conclusion.

Risk 143

Risk Strategy Enterprise Finance 143

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

CIO Business Intelligence

DECEMBER 30, 2024

AI and machine learning are poised to drive innovation across multiple sectors, particularly government, healthcare, and finance. As digital transformation accelerates, so do the risks associated with cybersecurity.

IoT 105

IoT Digital Transformation Internet of Things Machine Learning 105

O'Reilly on Data

JUNE 15, 2023

Should we risk loss of control of our civilization?” If every company had a different way of reporting its finances, it would be impossible to regulate them. Disclosures should not be limited to the quarterly and annual reports required in finance. Should we automate away all the jobs, including the fulfilling ones?

Metrics 359

Metrics Reporting Measurement Finance 359

Jet Global

FEBRUARY 26, 2025

Lineos reduces manual tasks and empowers finance teams to boost productivity and uncover hidden potential within their data RALEIGH, N.C. Lineos supports finance professionals by simplifying complex data into actionable insights, addressing real-world challenges, and enabling confident decision-making.

Finance 52

Finance Data-driven Reporting Data Enablement 52

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

O'Reilly on Data

JULY 15, 2019

In our experience, many of the most popular conference talks on model explainability and interpretability are those given by speakers from finance. After the 2008 financial crisis, the Federal Reserve issued a new set of guidelines governing models— SR 11-7 : Guidance on Model Risk Management. Sources of model risk.

Machine Learning 52

Machine Learning Management Enterprise Risk Management 52

Smart Data Collective

NOVEMBER 22, 2022

Whether fiat currency always has an inflationary risk because more can always be printed. Bitcoin will never have this inherent risk attached to it. Because of this, you could be buying way too high which can expose you to a lot of unnecessary risks. The Risk to Reward Is Skewed. Limited Supply.

Risk 133

Risk Predictive Analytics Data-driven Marketing 133

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. It ranks high (No.

Enterprise 347

Enterprise Deep Learning Data Governance Risk 347

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

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. That high level of democratization doesn’t come without risks, and that’s where CIOs, as the guardians of enterprise technology, play a crucial role.

Forecasting 133

Forecasting Risk Technology Strategy 133

O'Reilly on Data

JANUARY 22, 2019

Finance is not physics. Despite all the complicated mathematics of modern finance, its theories are woefully inadequate, especially when compared to those of physics. Perhaps finance is harder than physics. This observation is particularly applicable to finance. Image by Mike Shwe and Deepak Kanungo. Used with permission.

Modeling 207

Modeling Finance Uncertainty Data mining 207

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.

Cost-Benefit 325

Cost-Benefit Finance Data-driven Strategy 325

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.” In particular, the UAE AI Office created an AI license requirement for applications in the Dubai International Finance Centre.

Consulting 120

Consulting Risk Risk Management Marketing 120

Jedox

AUGUST 21, 2024

The Office of Finance is at the heart of every organization, overseeing financial strategy, risk management, and operational efficiency. Often it is a challenge for finance teams to align with stakeholders across business units, departments, and time zones. This [.]

Finance 84

Finance Risk Management Risk Strategy 84

CIO Business Intelligence

MARCH 25, 2025

In doing so, companies promote transparency and cross-departmental collaboration between internal and external stakeholders, including those from the areas of development, finance, procurement, production, legal and public authorities. Only in this way can risks be minimized and the highest compliance standards guaranteed.

IT 95

IT Key Performance Indicator Risk Reporting 95

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

CIO Business Intelligence

NOVEMBER 13, 2024

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. But there’s only so many projects we can meaningfully contribute to, and conversations we can be part of.”

IT 141

IT Consulting ROI Cost-Benefit 141

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. Also, the time travel feature can further mitigate any risks of lookahead bias.

Metadata 106

Metadata Snapshot Cost-Benefit Optimization 106

CIO Business Intelligence

DECEMBER 18, 2024

Voice deepfakes in which a real persons voice is cloned from recorded snippets of their voice are one of the biggest risks facing modern businesses and their call centers. Contact centers must implement strong caller verification processes built on tools that mitigate the risks of deepfake attacks and social engineering.

Risk 98

Risk Reporting Machine Learning Finance 98

Smart Data Collective

DECEMBER 6, 2023

There is a dark side of AI – it has led to a proliferation of cyberattacks. Cybersecurity threats are becoming increasingly dangerous for people all over the world. A growing number of businesses are grappling with the growing number of cyberattacks, especially as more hackers use AI to conduct data breaches. The growing number of […]

Risk 119

Risk Management IT Finance 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

Smart Data Collective

SEPTEMBER 16, 2022

AML (anti-money laundering) is a sought-after fintech tool designed to combat money laundering and the financing of banned organizations. Decentralized finance. With decentralized finance, users will maintain control over their assets by interacting with the ecosystem through peer-to-peer, decentralized applications (dapps).

Unstructured Data 130

Unstructured Data Finance Cost-Benefit Big Data 130

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

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.” “Here’s our risk model. Bayesian data analysis and Monte Carlo simulations are common in finance and insurance.

Machine Learning 336

Machine Learning Testing Modeling Cost-Benefit 336

CIO Business Intelligence

OCTOBER 25, 2023

From IT, to finance, marketing, engineering, and more, AI advances are causing enterprises to re-evaluate their traditional approaches to unlock the transformative potential of AI. Indeed, since June 2023, the finance sector has experienced continuous growth in these areas. In general, they fall into two buckets: 1.

Enterprise 133

Enterprise Manufacturing Risk Data-driven 133

David Menninger's Analyst Perspectives

OCTOBER 15, 2024

Waiting too long to start means risking having to play catch-up. AI-enabling on-premises software is preferable where there is some combination of incurring less disruption to operations, faster time to value, lower risk of failure and lower total cost of ownership relative to migrating to the cloud.

Cost-Benefit 204

Cost-Benefit Risk Forecasting Software 204

datapine

AUGUST 12, 2020

This first example focuses on one of the most important and data-driven department of any company: finance. The importance of this finance dashboard lays within the fact that every finance manager can easily track and measure the whole financial overview of a specific company while gaining insights into the most valuable KPIs and metrics.

Reporting 297

Reporting Dashboards Visualization Cost-Benefit 297

Smart Data Collective

OCTOBER 31, 2022

Artificial intelligence is drastically changing the future of finance. One of the many ways that AI is being leveraged in finance is by helping improve the experience of investors. By analyzing, identifying, and predicting these trends, analysts are able to help their clients minimize risk while enjoying large returns.

Finance 145

Finance Cost-Benefit Marketing Statistics 145

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

APRIL 1, 2022

Larry Scott, a six-year Amazon Web Services veteran working as an area leader on the Americas team, is convinced that managing the IT finance associated with various cloud configurations requires a fundamental rethink of behaviors and techniques. . Another massive cloud misconception exists around IT risk and security. Given that ~$1.3

Digital Transformation 145

Digital Transformation Finance Consulting Strategy 145

CIO Business Intelligence

NOVEMBER 13, 2024

And even though his first job was in the travel industry in the late 90s, it was a role that was a mix of IT support and finance. 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.

Technology 111

Technology Data Science Risk Management 111

O'Reilly on Data

APRIL 4, 2024

To the extent that entrepreneurial funding is more concentrated in the hands of a few, private finance can drive markets independent of consumer preferences and supply dynamics. The risk of these deals is, again, that a few centrally chosen winners will quickly emerge, meaning there’s a shorter and less robust period of experimentation.

Marketing 232

Marketing Finance Modeling Experimentation 232

CIO Business Intelligence

OCTOBER 10, 2024

This includes minimizing the risks associated with AI bias, guaranteeing transparency in AI decision-making and addressing energy consumption in blockchain networks. These smart contracts reduce the risk of fraud and enhance accountability by creating temper-proof records of business transactions. federal agencies.

Metrics 124

Metrics Optimization Strategy Technology 124

datapine

FEBRUARY 18, 2020

If the finance department raises an alarm, everyone must carefully listen because it concerns the most crucial information and can lead to serious damages if ignored. That said, when it comes to digesting and taking action upon vital financial metrics and insights, well-designed finance graphs and charts offer the best solution.

Visualization 201

Visualization Metrics Dashboards Finance 201

CIO Business Intelligence

SEPTEMBER 5, 2024

The country’s Industry and Science Minister, Ed Husic, on Thursday, introduced ten voluntary AI guidelines and launched a month-long consultation to assess whether these measures should be made mandatory in high-risk areas.

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Consulting Risk Measurement Finance 124