Remove Forecasting Remove Risk Remove Risk Management
article thumbnail

Building Tax Planning into Enterprise Risk Management Strategies

Jet Global

It follows that tax teams should think about how they can make significant contributions to the ERM planning process by providing short, mid- and long-term ETR forecasts based on accurate financial information. Take Responsibility for Risk Oversight. Take Responsibility for Risk Oversight. Foster an Appropriate Risk Mindset.

article thumbnail

Modular architecture drives productivity and risk management at Gilbane

CIO Business Intelligence

“In construction, our teams are managing the construction of hundreds of projects happening at any one time,” she says. Our analytics capabilities identify potentially unsafe conditions so we can manage projects more safely and mitigate risks.” As a construction company, Gilbane is in the business of managing risk.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The new calling of CIOs: Be the moral arbiter of change

CIO Business Intelligence

He emphasizes the importance of PoC studies in gaining stakeholder buy-in, and the role of data science, ML, and AI to enhance weather forecasting. For example, the Met Office is using Snowflake’s Cortex AI model to create natural language descriptions of weather forecasts. However, emerging technology must be used carefully.

article thumbnail

Where CIOs should place their 2025 AI bets

CIO Business Intelligence

times compared to 2023 but forecasts lower increases over the next two to five years. CIOs feeling the pressure will likely seek more pragmatic AI applications, platform simplifications, and risk management practices that have short-term benefits while becoming force multipliers to longer-term financial returns.

article thumbnail

Gartner Explores Tech Innovations in Integrated Risk Management

John Wheeler

This week, we kicked-off a major research effort to explore current innovations in the rapidly expanding integrated risk management (IRM) market. Given that Gartner forecasts double digit growth (12.6%) for the IRM technology market in 2021 , the nature of these innovative product uses will span 10 use case domains (see figure below).

article thumbnail

Should I Stay or Go? Migrating to AI-Enabled Applications

David Menninger's Analyst Perspectives

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.

article thumbnail

How to Manage Risk with Modern Data Architectures

Cloudera

To ensure the stability of the US financial system, the implementation of advanced liquidity risk models and stress testing using (MI/AI) could potentially serve as a protective measure. To improve the way they model and manage risk, institutions must modernize their data management and data governance practices.