John Wheeler

APRIL 16, 2021

This week, we kicked-off a major research effort to explore current innovations in the rapidly expanding integrated risk management (IRM) market. The culmination of the review effort will be our inaugural “Emerging Technologies: Tech Innovators in IRM, 2021” report slated to publish in late June.

Risk Management 59

Risk Management Risk Management Internet of Things 59

CIO Business Intelligence

MARCH 18, 2024

The regulation requires EU financial entities and their critical ICT providers to adopt comprehensive information and communications technology (ICT) risk management capabilities into their security processes. While it’s an EU policy with ramifications for EU businesses, the impact will undoubtedly affect businesses worldwide.

Risk Management 120

Risk Management Insurance Risk Testing 120

Alation

JANUARY 9, 2023

Alation joined with Ortecha , a data management consultancy, to publish a white paper providing insights and guidance to stakeholders and decision-makers charged with implementing or modernising data risk management functions. The Increasing Focus On Data Risk Management. Download the complete white paper now.

Risk Management 52

Risk Management Risk Management Metadata 52

Cloudera

SEPTEMBER 7, 2023

The way to manage this is by embedding data integration, data quality-monitoring, and other capabilities into the data platform itself , allowing financial firms to streamline these processes, and freeing them to focus on operationalizing AI solutions while promoting access to data, maintaining data quality, and ensuring compliance.

Insurance 85

Insurance Risk Data-driven Finance 85

Cloudera

FEBRUARY 15, 2024

While there are clear reasons SVB collapsed, which can be reviewed here , my purpose in this post isn’t to rehash the past but to present some of the regulatory and compliance challenges financial (and to some degree insurance) institutions face and how data plays a role in mitigating and managing risk.

Insurance 90

Insurance Data Architecture Risk Management Risk 90

Corinium

APRIL 25, 2019

Ahead of the Chief Data Analytics Officers & Influencers, Insurance event we caught up with Dominic Sartorio, Senior Vice President for Products & Development, Protegrity to discuss how the industry is evolving. I am head of Products here, which comprises of R&D, Product Management and Global Customer support.

Insurance 150

Insurance Risk IoT Cost-Benefit 150

FineReport

AUGUST 13, 2021

Insurance companies provide risk management in the form of insurance contracts. Industry-specific, comprehensive, and reliable data management and presentation have become an issue of increasing concern in the insurance industry. The insurance dashboard is one of the most commonly used data display methods.

Insurance 52

Insurance Dashboards KPI Analytics 52

Cloudera

AUGUST 12, 2021

A data-driven approach to talent management and development brings about greater transparency, reduced attrition and more effective training and enablement. A 2020 retention report by the Work Institute revealed that over 42 million employees in the US left their jobs voluntarily in 2019, and this trend appeared to be increasing.

Data-driven 111

Data-driven Manufacturing Insurance Risk Management 111

AWS Big Data

FEBRUARY 1, 2024

The following are some of the key business use cases that highlight this need: Trade reporting – Since the global financial crisis of 2007–2008, regulators have increased their demands and scrutiny on regulatory reporting. You can run a direct query from QuickSight for BI reporting and dashboards.

Data Warehouse 130

Data Warehouse Dashboards Risk Management Risk 130

Octopai

JULY 9, 2020

Actually, effective data lineage delivers important enhancements to BI and enables informed decision-making , as it enables data teams to tackle numerous use cases such as regulatory compliance, system upgrades & migrations, M&A (system consolidation), reporting inaccuracies, business changes etc.

Insurance 98

Insurance Risk Management Machine Learning Metadata 98

CIO Business Intelligence

DECEMBER 7, 2022

Security tops the list According to this year’s State of the CIO survey , cybersecurity and risk management are the top investment areas for 45% of IT leader respondents. Megan Duty, VP of technology and project delivery, Puritan Life Insurance Company of America. We’re nowhere near the saturation point,” says IDC’s Minton.

IT 132

IT Insurance Cost-Benefit Risk Management 132

DataRobot Blog

APRIL 29, 2022

The stakes in managing model risk are at an all-time high, but luckily automated machine learning provides an effective way to reduce these risks. However, after the financial crisis, financial regulators around the world stepped up to the challenge of reigning in model risk across the financial industry.

Risk 111

Risk Modeling IT Risk Management 111

CIO Business Intelligence

DECEMBER 27, 2023

Generative AI is starting off a new age of exploration in IT,” says Frank Schmidt, CTO at insurance firm Gen Re. With AWS’ strict data security, it prevents any data going outside of AWS, that ensures the models are clean and don’t access the whole internet like OpenAI does,” says Brian Baral, Genpact’s global head of risk management.

Insurance 141

Insurance Cost-Benefit Risk Technology 141

CIO Business Intelligence

MARCH 12, 2024

And 2024 looks to be that kind of year, with John-David Lovelock, distinguished VP analyst, reporting that “IT spending will be driven by more traditional forces, such as profitability, labor, and dragged down by a continued wave of change fatigue.” The average cost of a data breach is $4.64

ROI 122

ROI IT Manufacturing Metrics 122

Cloudera

FEBRUARY 4, 2021

Cloudera comprehensively supports the demanding risk and compliance requirements of financial services and insurance organizations globally and it is an honor to receive this recognition. Supporting the industry’s risk data depository and data management needs. Risk management and models in a COVID-19 world.

Risk 89

Risk Marketing Technology Management 89

CIO Business Intelligence

OCTOBER 3, 2024

CIOs of many of the largest banks, financial firms, and insurance giants will likely continue to rely on big iron for the foreseeable future — especially if additional AI capabilities on the mainframe reduce their inclination to re-platform on the cloud. billion in 2015 to less than $6.5 platform running on the cloud makes sense for Ally.”

Machine Learning 140

Machine Learning Experimentation Insurance Modeling 140

IBM Big Data Hub

FEBRUARY 8, 2024

” European Parliament News The EU AI Act in brief The primary focus of the EU AI Act is to strengthen regulatory compliance in the areas of risk management, data protection, quality management systems, transparency, human oversight, accuracy, robustness and cyber security.

Risk Management 72

Risk Management Risk Machine Learning Metrics 72

CIO Business Intelligence

APRIL 28, 2022

Its success is one of many instances illustrating how the financial services industry is quickly recognizing the benefits of data analytics and what it can offer, especially in terms of risk management automation, customized experiences, and personalization. . million in insurance fraud in just 7 months. .

Analytics 98

Analytics Insurance Big Data Uncertainty 98

CIO Business Intelligence

JUNE 26, 2023

Machine-managed risk Risk management is a top-of-mind issue for all financial services firms. Analytics powered by machine learning (ML) lets business leaders assess risk according to a wide variety of variables, many of which are not intuitively obvious.

Data-driven 98

Data-driven Insurance Risk Risk Management 98

CIO Business Intelligence

MAY 9, 2022

Risk management practices such as in-person meetings for underwriting, determining creditworthiness, and signing loan documents shifted to online channels. Underwriting processes in banking have been digitized and automated, as have credit-monitoring tools, financial fraud detection, and reporting mechanisms.

Digital Transformation 98

Digital Transformation Insurance Interactive Risk Management 98

CIO Business Intelligence

MAY 9, 2022

Nearly two decades since the term ESG was coined in a groundbreaking report called, Who Cares Wins , mindful and planet-affirmative investing has become both smart and mainstream. This has expanded the scope of regulatory requirements businesses need to consider and concomitantly increased their concerns regarding risk management.

Insurance 97

Insurance Risk Risk Management Enterprise 97

CIO Business Intelligence

MARCH 22, 2022

At Fractal, Tiwari will be responsible for the company’s digital transformation and overseeing IT operations, cybersecurity, and risk management. . Prior to joining Fractal, Tiwari was senior vice-president and global CISO at Airtel, where he set up the managed security services initiative Airtel Secure for Business.

Internet Publishing and Broadcasting 98

Internet Publishing and Broadcasting Digital Transformation Insurance Recreation/Entertainment 98

CIO Business Intelligence

DECEMBER 10, 2024

Accenture reports, that only 8% of mid-sized companies currently achieve optimal levels of operational excellence. Most firms, however, have not yet developed this level of digital maturity within their own operations, or the wherewithal to implement data- and AI-driven operational transformations within their portfolio companies.

Uncertainty 97

Uncertainty Data-driven Marketing Insurance 97

Cloudera

MARCH 25, 2021

The protection and controls around data become increasingly complex when used in the context of banking and insurance activities. Personal and confidential information carries heightened sensitivity in the light of financial, health and insurance activities. Financial institutions and insurers understand the benefits of more data.

Data Strategy 66

Data Strategy Strategy Enterprise Insurance 66

John Wheeler

OCTOBER 20, 2020

We continue our “20 for 20” theme this year by highlighting the integrated risk management (IRM) critical capabilities and top 20 software functions / features. Risk Quantification and Analytics. Beyond assessing risk from a qualitative perspective, companies in many industries (e.g.,

Risk Management 52

Risk Management Risk Predictive Modeling Insurance 52

IBM Big Data Hub

DECEMBER 8, 2023

An organization is always changing and so are business needs; therefore, it’s important that an organization has strong metrics for tracking over time each risk, its category and the corresponding mitigation strategy. Risk transfer: Risk transfer involves passing the risk to a third party.

Risk 67

Risk Strategy Risk Management Insurance 67

Smart Data Collective

FEBRUARY 2, 2021

In a report titled Analytics: The real-world use of big data in retail , IBM found that 62% of retail leaders were able to create a competitive advantage thanks to data analytics and predictions. These are just seven of the industries that have reported astronomic growth in past years thanks to Big Data, but they’re not the only ones.

Big Data 87

Big Data Recreation/Entertainment Cost-Benefit Finance 87

IBM Big Data Hub

FEBRUARY 13, 2024

Healthcare, insurance and education are more hesitant due to the legal and compliance efforts to which they must adhere—and the lack of insight, transparency and regulation in generative AI. Fraud detection and risk management : Generative AI can quickly scan and summarize large amounts of data to identify patterns or anomalies.

Enterprise 118

Enterprise Testing Modeling Data-driven 118

IBM Big Data Hub

MAY 28, 2024

Government regulations, such as the General Data Protection Regulation (GDPR), and industry regulations, such as the Health Insurance Portability and Accounting Act (HIPAA), oblige companies to protect their customers’ personal data. Data risk management To protect their data, organizations first need to know their risks.

Strategy 81

Strategy Measurement Risk Cost-Benefit 81

DataRobot

SEPTEMBER 16, 2021

Accurate pricing is essential to protecting an insurance company’s bottom line. Pricing directly impacts the near-term profitability and long-term health of an insurer’s book of business. All features are designed to increase the efficiency and accuracy of insurance loss cost modeling. Loss cost modeling-related features.

Modeling 52

Modeling Insurance Cost-Benefit Machine Learning 52

Anmut

MARCH 2, 2020

Take insurance – where risk premiums can be adjusted based on customer insights. Think about black boxes on cars – data on driver performance and behaviour is streamed back to the insurance provider who can modify premiums based on the insights derived. An alternative perspective – think about KPIs and reporting.

Insurance 52

Insurance Risk Management Risk Cost-Benefit 52

IBM Big Data Hub

FEBRUARY 15, 2024

Heavy rain and tropical storms: Climate change alters precipitation patterns, with NASA reporting more frequent periods of excess precipitation. Meanwhile, insurance companies are increasingly declining to provide property insurance in areas vulnerable to extreme weather, leaving homeowners there at greater financial risk.

Insurance 59

Insurance Risk Statistics Strategy 59

Smart Data Collective

SEPTEMBER 25, 2019

million penalty for violating the Health Insurance Portability and Accountability Act, more commonly known as HIPAA. However, according to a 2018 North American report published by Shred-It, the majority of business leaders believe data breach risks are higher when people work remotely.

Technology 91

Technology Statistics Strategy Insurance 91

CDW Research Hub

FEBRUARY 14, 2020

As a prerequisite, your organization must already have governance and risk management teams, which will define the company policies and set compliance standards from which you can establish procedures. They will also define what is or isn’t acceptable with regard to risk, and what type of compliance your organization needs.

Risk 52

Risk Reporting Measurement Insurance 52

CIO Business Intelligence

APRIL 22, 2022

Almost any IT pro can benefit from adding a project management certification to their list of IT credentials, showing you have the know-how to plan, schedule, budget, execute, deliver, and report on IT initiatives. Top project management certifications. Requirements: No prerequisites.

Management 111

Management Cost-Benefit Testing Risk 111

DataRobot

AUGUST 9, 2021

For instance, the New York Times recently reported, “ We Need Laws to Take On Racism and Sexism in Hiring. ”. General Data Protection Regulation, California Consumer Privacy Act, SR 11-7 Guidance on Model Risk Management, etc). AI governance and auditability will affect all sectors that utilize machine learning.

Machine Learning 52

Machine Learning Risk Testing Insurance 52

BizAcuity

JULY 26, 2021

According to the 2019 report by Flexera enterprises with a hybrid strategy grew to 58% in 2019 from 51% in 2018. A hybrid cloud environment aids in workload mobility, integration, and management across multiple computing environments. Improved security and risk management. What is a hybrid cloud?

IT 52

IT Cost-Benefit Data Processing Risk 52