Smart Data Collective

AUGUST 19, 2023

Data analytics technology has significantly improved the state of finance. We have talked about some of the many ways that data analytics technology is changing the state of finance. Risk is an ever-present companion in the world of finance. The financial analytics market size was worth $7.99 billion by 2030.

Risk 98

Risk Data Analytics Analytics Finance 98

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

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

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

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.

Risk Management 64

Risk Management Risk Modeling Enterprise 64

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

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 208

Modeling Finance Uncertainty Data mining 208

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

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. Enterprise Ready AI: Managing Governance and Risk.

Risk Management 52

Risk Management Risk Modeling Management 52

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.

Finance 98

Finance KPI Risk IoT 98

Cloudera

OCTOBER 20, 2021

The EU has defined a sustainable finance framework to provide guidance and oversight in the goal of becoming the first climate-neutral continent. Firms face critical questions related to these disclosures and how climate risk will affect their institutions. What are the key climate risk measurements and impacts?

Risk 80

Risk Modeling Risk Management Measurement 80

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

Smart Data Collective

JUNE 3, 2021

Analytics technology is becoming integral to the field of finance. Analytics is particularly important for developing strategic financial management policies. Strategic Financial Management or strategic finance is a process to help a company’s finances. What is Strategic Finance?

Management 124

Management Analytics Finance Analytics Technologies 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

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

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.

Risk 99

Risk Marketing Risk Management Data-driven 99

CIO Business Intelligence

AUGUST 6, 2024

The incident not only affected the availability of crucial cybersecurity defenses but also laid bare the broader operational risks associated with third-party service dependencies. Vendor risk management Assess vendor capabilities: Regularly evaluate the risk management and disaster recovery capabilities of key vendors.

Risk Management 111

Risk Management Risk Testing Finance 111

CIO Business Intelligence

SEPTEMBER 10, 2024

Our IT evolution Having worked primarily in traditionally structured industries like oil and gas, government, education and finance, I’ve witnessed firsthand how technology was once considered a commodity, a cost center. However, its impact on culture must be carefully considered to maximize benefits and mitigate risks.

IT 122

IT Risk Risk Management Predictive Modeling 122

IBM Big Data Hub

DECEMBER 8, 2023

.” This same sentiment can be true when it comes to a successful risk mitigation plan. 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.

Risk 67

Risk Strategy Risk Management Insurance 67

CIO Business Intelligence

MAY 9, 2024

Companies want candidates who can drive innovation, deliver meaningful business results, and work closely with other leaders to manage risks. And they must develop and upskill talent to ensure the workforce is well-versed in the innovation and risk associated with AI use.

Risk Management 138

Risk Management Cost-Benefit Risk Technology 138

CIO Business Intelligence

SEPTEMBER 17, 2024

All this while CIOs are under increased pressure to deliver more competitive capabilities, reduce security risks, connect AI with enterprise data, and automate more workflows — all areas where architecture disciplines have a direct role in influencing outcomes.

Enterprise 145

Enterprise Digital Transformation Cost-Benefit Risk 145

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 97

ROI Data Analytics Analytics Risk Management 97

bridgei2i

MAY 17, 2021

5 Ways AI Is Transforming The Finance Industry. AI is becoming a powerful ally of the finance sector, offering the opportunity for better and more customized services, cost reduction, examine cash, credit, and investment changes in real-time, and generating new revenue streams. There are multiple benefits of AI in the finance industry.

Finance 52

Finance Unstructured Data Risk Management Cost-Benefit 52

IBM Big Data Hub

JUNE 23, 2023

Whether you’re a CFO, an accountant, a financial analyst or a business partner, artificial intelligence (AI) can help improve your finance strategy, uplift productivity and accelerate business outcomes. Our experts at IBM Consulting are taking a comprehensive look at generative AI for F&A and considering the need to balance risks.

Finance 56

Finance Consulting Data-driven Risk 56

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. Model governance not only reduces risk, it helps to achieve fundamental business goals like production efficiency and profitability.

Machine Learning 145

Machine Learning Modeling Testing Data Science 145

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

Cloudera

MAY 30, 2024

In this context, Cloudera and TAI Solutions have partnered to help financial services customers accelerate their data-driven transformation, improve customer centricity, ensure compliance with regulations, enhance risk management, and drive innovation. Regulation and risk are a big focus for financial institutions.

Data Analytics 81

Data Analytics Risk Management Analytics Digital Transformation 81

CIO Business Intelligence

JULY 10, 2024

And as gen AI is deployed by more companies, especially for high-risk, public-facing use cases, we’re likely to see more examples like this. But only 33% of respondents said they’re working to mitigate cybersecurity risks, down from 38% last year. But plans are progressing slower than anticipated because of associated risks,” she says.

Enterprise 136

Enterprise Risk Modeling Risk Management 136

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

NOVEMBER 7, 2024

Whether you’re in claims, finance, or technology, data literacy is a cornerstone of our collective accountability. This team addresses potential risks, manages AI across the company, provides guidance, implements necessary training, and keeps abreast of emerging regulatory changes.

Insurance 120

Insurance Experimentation Testing Technology 120

CIO Business Intelligence

JANUARY 18, 2024

Nearly a third (29%) of CEOs are dissatisfied with their organization’s speed of innovation, capabilities in risk management, and talent acquisition and retention rates. Learn how Workday’s finance and HR platform, with AI embedded at the core, can help your organization redefine how work works. Artificial Intelligence

Machine Learning 126

Machine Learning Finance Risk Management Optimization 126

CIO Business Intelligence

MARCH 19, 2025

If sustainability-related data projects fail to demonstrate a clear financial impact, they risk being deprioritized in favor of more immediate business concerns. Insufficient resource allocation for ESG data initiatives Managing sustainability data requires robust governance, analytics capabilities and cross-functional collaboration.

IT 59

IT Data Governance Data-driven Metrics 59

bridgei2i

APRIL 26, 2021

In recent times, it has been seen that the finance and banking sector is quickly adopting artificial intelligence. So, it’s evident that AI has taken the finance sector by a storm. Risk management . AI helps make better decisions and mitigates potential risks. can affect the industries greatly.

Finance 105

Finance Risk Risk Management Data-driven 105

CIO Business Intelligence

OCTOBER 17, 2022

In fact, under DORA, the complexity of the supply chain or the lack of EU presence are both considered risk factors. Financial institutions accustomed to a regulatory environment primarily designed to assess financial risk and stability will now have to take the potential risk posed by their ICT operations just as seriously.

Risk Management 105

Risk Management Risk Enterprise Insurance 105

Jet Global

AUGUST 13, 2020

You’d be hard pressed to find a finance professional who looks forward to the audit process. Although security managers and network administrators may have easy access to company data, they don’t understand the ins and outs of your business’s financial transactions the way your finance department does. Identify Risk Factors.

Enterprise 98

Enterprise Finance Cost-Benefit Risk 98

Smart Data Collective

APRIL 20, 2023

Data reporting is often a requirement for large corporations, but traditionally it’s been related to finances. Businesses will be required to disclose all known and potential risks they face from climate change and how their business operations might impact the climate and society.

Reporting 123

Reporting Risk Risk Management Finance 123