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

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 294

Cost-Benefit Finance Data-driven Strategy 294

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. Full-stack software engineer. 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. Full-stack software engineer. Data engineer.

Finance 98

Finance IT Software Reporting 98

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

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

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

datapine

AUGUST 12, 2020

Your Chance: Want to test professional business reporting software? This first example focuses on one of the most important and data-driven department of any company: finance. Empowering a steadfast and operation-sensitive plan is one of the most important goals a business can have, and finance is right in the middle of this process.

Reporting 297

Reporting Dashboards Visualization Cost-Benefit 297

Jet Global

MAY 15, 2020

This post will go over both the following explicit and implicit financial KPIs that you should be aware of, how they are calculated, and how financial reporting software can help simplify this process for your finance department: Operating Cash Flow. The Fundamental Finance KPIs and Metrics – Cash Flow. Accounts Payable Turnover.

Metrics 98

Metrics Finance Reporting KPI 98

CIO Business Intelligence

FEBRUARY 26, 2025

Opkey, a startup with roots in ERP test automation, today unveiled its agentic AI-powered ERP Lifecycle Optimization Platform, saying it will simplify ERP management, reduce costs by up to 50%, and reduce testing time by as much as 85%. The problem is how you are implementing it, how you are testing it, how you are supporting it.

Optimization 64

Optimization Testing Manufacturing Finance 64

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. The primary focus of model governance involves tracking, testing and auditing. First is the data the model is using.

Machine Learning 145

Machine Learning Modeling Testing Data Science 145

CIO Business Intelligence

AUGUST 16, 2023

But today, Svevia is driving cross-sector digitization projects where new technology for increased safety for road workers and users is tested. Digital alerts Another project deals with slow-moving vehicles, something that increases the risk of accidents on the roads. This leads to environmental benefits and fewer transports.

Risk 98

Risk Cost-Benefit Internet of Things Digital Transformation 98

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. We are also testing it with engineering.

Insurance 120

Insurance Experimentation Testing Technology 120

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 99

Risk Marketing Risk Management Data-driven 99

O'Reilly on Data

MAY 14, 2020

Lack of a specific role definition doesn’t prevent success, but it does introduce the risk that technical debt will accumulate as the business scales. For example, consider a company that aims to build and sell an AI-enabled personal finance app. Avinash Kaushik’s Web Analytics 2.0

Management 364

Management Experimentation B2B Machine Learning 364

CIO Business Intelligence

OCTOBER 3, 2024

As the Generative AI (GenAI) hype continues, we’re seeing an uptick of real-world, enterprise-grade solutions in industries from healthcare and finance, to retail and media. However, testing priorities differed slightly, with a stronger emphasis on explainability and hallucinations/disinformation. It’s not all bad news, though.

Cost-Benefit 129

Cost-Benefit Testing Experimentation Risk 129

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

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

CIO Business Intelligence

APRIL 12, 2024

Large banking firms are quietly testing AI tools under code names such as as Socrates that could one day make the need to hire thousands of college graduates at these firms obsolete, according to the report. But that’s just the tip of the iceberg for a future of AI organizational disruptions that remain to be seen, according to the firm.

Experimentation 143

Experimentation Reporting Testing Statistics 143

Timo Elliott

DECEMBER 10, 2024

This dedication extends to their internal operations, where poor data quality was identified as a significant potential risk to product quality, and hence their brand reputation. Impact of Errors : Erroneous data posed immediate risks to operations and long-term damage to customer trust.

Management 52

Management Data Governance Consulting Cost-Benefit 52

datapine

JUNE 29, 2022

Your Chance: Want to test accounting reporting software for free? It details the sources and uses of cash in relation to a business’s operations, investments, and financing. But they also reduce the risk of reporting inconsistencies to investors, financial managers, or worse, tax authorities. What Are Accounting Reports?

Visualization 200

Visualization Reporting Cost-Benefit Snapshot 200

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 Machine Learning Finance 137

Jet Global

JANUARY 6, 2021

Getting to the cloud, though, will require one more big project, with all of the cost, complexity, and risk that go along with such endeavors. How can businesses manage the process to achieve positive results while maintaining budget and risks within acceptable parameters? Deploy a Test Environment.

Cost-Benefit 98

Cost-Benefit Testing Finance Reporting 98

Wayne Yaddow

FEBRUARY 6, 2025

However, developing and testing robust data transformations presents significant challenges that can impact data accuracy, pipeline performance, and overall business outcomes. To address these concerns, the table below highlights five major challenges that commonly arise when developing and testing data transformations.

Testing 52

Testing Data Transformation Data-driven Manufacturing 52

CIO Business Intelligence

DECEMBER 11, 2023

Traditionally, the work of the CFO and the finance team was focused on protecting the company’s assets and reputation and guarding against risk. While these roles will not change, the foundational work of the finance organization, the structure, the import, and the focus of these dimensions will change.

Finance 105

Finance Forecasting IoT Predictive Modeling 105

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

MARCH 19, 2025

With a large workforce generating a high volume of IT, HR, and finance-related support requests and inquiries, the company faced increasing operational pressure and strain. Significant time and cost savings Employees can now resolve issues independently, reducing the burden on IT, HR, and finance support teams.

Cost-Benefit 52

Cost-Benefit Finance Interactive Consulting 52

Jet Global

DECEMBER 17, 2020

Test data clearly indicated that they could fail at low temperatures. Tufte summarizes his observations on the importance of data visualization: “Had the correct scatterplot or data table been constructed, no one would have dared to risk the Challenger in such cold weather.”. Trend Two: A Holistic Perspective.

Visualization 72

Visualization Finance Reporting Sales 72

Jet Global

MAY 18, 2020

In our world, the most successful finance teams and CFOs are champions of something called “financial intelligence,” which underpins everything they do. Financial intelligence isn’t software: It’s how best-in-class finance teams operate. In the last few months, this level of thinking has been tested more than ever before.

Finance 64

Finance Reporting Uncertainty Testing 64

CIO Business Intelligence

MAY 3, 2024

During pilot testing, UPS earned 50% reduction in the time agents spent resolving e-mails. Firms are very concerned that without applying genAI to customer-facing apps, they are at high risk of disruption.” United Parcel Service last year turned to generative AI to help streamline its customer service operations.

Testing 140

Testing Sales Enterprise Digital Transformation 140

datapine

OCTOBER 21, 2021

Your Chance: Want to test modern reporting software for free? Mitigate risks by constantly monitoring data: Modern monthly progress reports created with an online reporting tool provide a quick snapshot into a business’s most important performance indicators. Your Chance: Want to test modern reporting software for free?

Reporting 211

Reporting Dashboards Metrics Cost-Benefit 211

CIO Business Intelligence

MAY 11, 2022

CIOs must also account for the criticality and timing of each business process, from front-office processes such as sales and customer service to back-office processes such as operations, human resources and finance. Implement more disciplined validation and testing. Technology touches all stakeholders.

Management 98

Management Insurance Testing Finance 98

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. I built it externally for $50,000 in just five weeks—from concept to market testing. Failing is managing risk.

IT 122

IT Risk Risk Management Predictive Modeling 122

Cloudera

AUGUST 5, 2021

The good news is that many customers with sub-100 node environments complete a cluster upgrade over a weekend, with each Development, QA, and Production cluster split over different weekends to facilitate the testing and validation process. This combination of activities helps mitigate and reduce the risk of upgrade failure.

Testing 119

Testing Risk Finance Reporting 119

Smart Data Collective

OCTOBER 8, 2021

Modern machine learning and back-testing; how quant hedge funds use it. Similarly, hedge funds often use modern machine learning and back-testing to analyze their quant models. Here, the models get tested using historical data to evaluate their profitability. And their risks before the organizations invest real money.

Machine Learning 132

Machine Learning Testing Strategy Modeling 132

Smart Data Collective

MARCH 31, 2022

As for what steps can be taken to maximize productivity and improve workflow management at an accounting with AI, consider the following tried and tested suggestions: Identify all business processes (the work) and rank them in accordance with their necessity and value to the firm. This will help reduce the risk of costly mistakes.

Machine Learning 131

Machine Learning Insurance Finance Cost-Benefit 131

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