CIO Business Intelligence

APRIL 23, 2024

As CIO, you’re in the risk business. Or rather, every part of your responsibilities entails risk, whether you’re paying attention to it or not. There are, for example, those in leadership roles who, while promoting the value of risk-taking, also insist on “holding people accountable.” You can’t lose.

Risk 115

Risk IT Insurance Risk Management 115

O'Reilly on Data

APRIL 30, 2024

It’s difficult to argue with David Collingridge’s influential thesis that attempting to predict the risks posed by new technologies is a fool’s errand. However, there is one class of AI risk that is generally knowable in advance. We ought to heed Collingridge’s warning that technology evolves in uncertain ways.

Risk 227

Risk Advertising Cost-Benefit Sales 227

O'Reilly on Data

JUNE 27, 2023

Welcome to your company’s new AI risk management nightmare. Before you give up on your dreams of releasing an AI chatbot, remember: no risk, no reward. The core idea of risk management is that you don’t win by saying “no” to everything. So, what do you do? I’ll share some ideas for mitigation.

Risk Management 230

Risk Management Risk Management Modeling 230

CIO Business Intelligence

JULY 25, 2024

It also highlights the downsides of concentration risk. What is concentration risk? Looking to the future, IT leaders must bring stronger focus on “concentration risk”and how these supply chain risks can be better managed. In layman’s terms, it simply means putting all your eggs in one basket.

Risk 144

Risk Cost-Benefit Strategy Enterprise 144

CIO Business Intelligence

NOVEMBER 7, 2024

The UK government has introduced an AI assurance platform, offering British businesses a centralized resource for guidance on identifying and managing potential risks associated with AI, as part of efforts to build trust in AI systems. About 524 companies now make up the UK’s AI sector, supporting more than 12,000 jobs and generating over $1.3

Risk 130

Risk Management Measurement Consulting 130

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. This should be no surprise since the global average cost of a data breach is $4.88

Risk 132

Risk Reporting Digital Transformation Enterprise 132

Analytics Vidhya

MAY 17, 2023

He took a moment to express his apprehension about the risks associated with increasingly powerful models. He […] The post OpenAI CEO Urges Lawmakers to Regulate AI Considering AI Risks appeared first on Analytics Vidhya. The rapid advancement of artificial intelligence (AI) has led to concerns about its impact on society.

Risk 259

Risk Modeling Analytics IT 259

CIO Business Intelligence

JANUARY 2, 2024

What CIOs need to do instead is to present IT infrastructure investment as an important corporate financial and risk management issue that the business can’t afford to ignore. From a financial and risk management standpoint, the building is a useless (and hazardous) asset that must be written off the books and remedied.

Risk 128

Risk IT Risk Management Sales 128

Analytics Vidhya

APRIL 2, 2024

Hence, OpenAI has opted for a cautious approach, limiting […] The post OpenAI Develops New Voice Cloning AI; Halts Release Due to Risk of Misuse appeared first on Analytics Vidhya. This new AI tool holds immense potential as it can replicate a person’s voice from a mere 15-second audio sample.

Risk 264

Risk Technology Analytics IT 264

CIO Business Intelligence

MAY 24, 2024

GRC certifications validate the skills, knowledge, and abilities IT professionals have to manage governance, risk, and compliance (GRC) in the enterprise. Enter the need for competent governance, risk and compliance (GRC) professionals. Why are GRC certifications important? Is GRC certification worth it?

Risk 119

Risk Risk Management Management Enterprise 119

CIO Business Intelligence

AUGUST 21, 2024

Adding smarter AI also adds risk, of course. “At The big risk is you take the humans out of the loop when you let these into the wild.” According to Gartner, an agent doesn’t have to be an AI model. It can also be a software program or another computational entity — or a robot. And, yes, enterprises are already deploying them.

Risk 136

Risk Insurance Cost-Benefit Software 136

Analytics Vidhya

MAY 23, 2023

They have called for the […] The post OpenAI Leaders Write About The Risk Of AI, Suggest Ways To Govern appeared first on Analytics Vidhya. OpenAI is one of the leading research laboratories in artificial intelligence (AI). It has yet again emphasized the need for governance of AI systems.

Risk 277

Risk Publishing Analytics IT 277

CIO Business Intelligence

AUGUST 7, 2023

Organizations big and small, across every industry, need to manage IT risk. based IT directors and vice presidents in companies with more than 1,000 employees to determine what keeps them up at night—and it comes as no surprise that one of their biggest nightmares is managing IT risk. trillion annually by 2025.

Risk 98

Risk IT Management Risk Management 98

CIO Business Intelligence

OCTOBER 17, 2024

While tech debt refers to shortcuts taken in implementation that need to be addressed later, digital addiction results in the accumulation of poorly vetted, misused, or unnecessary technologies that generate costs and risks. million machines worldwide, serves as a stark reminder of these risks.

Risk 104

Risk Experimentation Testing Strategy 104

CIO Business Intelligence

NOVEMBER 4, 2024

News accounts that raise the possibility of increased prices, lack of innovation, and reduced support from a critical IT vendor suggest risks that CIOs and other C-level executives (CXOs) simply cannot ignore. The risks are substantial. For forward-thinking CXOs, this transition period is not just about mitigating risks.

Risk 98

Risk Enterprise Uncertainty Testing 98

CIO Business Intelligence

JULY 25, 2024

IT managers are often responsible for not just overseeing an organization’s IT infrastructure but its IT teams as well. To succeed, you need to understand the fundamentals of security, data storage, hardware, software, networking, and IT management frameworks — and how they all work together to deliver business value.

IT 131

IT Management Risk Risk Management 131

DataRobot Blog

APRIL 29, 2022

This provides a great amount of benefit, but it also exposes institutions to greater risk and consequent exposure to operational losses. 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.

Risk 111

Risk Modeling IT Risk Management 111

CIO Business Intelligence

JULY 18, 2024

What steps can be taken to minimize the risk of hackers penetrating the mainframe? Add to that the rise of open-source software among mainframe developers, and proactively working to stamp out any security risks becomes even more critical. But only eight percent of those buyers are purchasing IT management software.

Risk 124

Risk Software Insurance Cost-Benefit 124

CIO Business Intelligence

NOVEMBER 8, 2024

On top of this risk, IT teams still are strapped with a lack of specified skills when it comes to modernization. They must also face complex environments in addition to heightened security risks and concerns. In the survey, 41% of IT decision-makers pointed to concerns over security risks as the biggest obstacle on their journey.

Enterprise 114

Enterprise IT Risk Strategy 114

CIO Business Intelligence

OCTOBER 29, 2024

Leaders who adopt a crawl-walk-run approach, with thoughtful risk-taking and a strategic focus on actions and results, maximize the business value from IT modernization.” Security weaknesses arise Security and risk vulnerabilities are important signs that modernization is immediately necessary.

IT 139

IT Cost-Benefit Strategy Risk 139

CIO Business Intelligence

AUGUST 13, 2024

As with any new technology, however, security must be designed into the adoption of AI in order to minimize potential risks. How can you close security gaps related to the surge in AI apps in order to balance both the benefits and risks of AI? Enterprises can manage AI risks at every step of the journey with AI Runtime Security.

Risk 119

Risk Cost-Benefit Enterprise Modeling 119

CIO Business Intelligence

FEBRUARY 20, 2024

While cloud risk analysis should be no different than any other third-party risk analysis, many enterprises treat the cloud more gently, taking a less thorough approach. Interrelations between these various partners further complicate the risk equation. That’s where the contract comes into play.

Risk 131

Risk Enterprise Strategy Snapshot 131

CIO Business Intelligence

NOVEMBER 11, 2024

In today’s fast-paced digital environment, enterprises increasingly leverage AI and analytics to strengthen their risk management strategies. A recent panel on the role of AI and analytics in risk management explored this transformational technology, focusing on how organizations can harness these tools for a more resilient future.

Risk Management 59

Risk Management Risk Management Data-driven 59

CIO Business Intelligence

NOVEMBER 27, 2023

Developing and deploying successful AI can be an expensive process with a high risk of failure. Six tips for deploying Gen AI with less risk and cost-effectively The ability to retrain generative AI for specific tasks is key to making it practical for business applications. The possibilities are endless, but so are the pitfalls.

Risk 132

Risk Cost-Benefit Modeling IoT 132

CIO Business Intelligence

MARCH 19, 2024

Ask your average schmo what the biggest risks of artificial intelligence are, and their answers will likely include: (1) AI will make us humans obsolete; (2) Skynet will become real, making us humans extinct; and maybe (3) deepfake authoring tools will be used by bad people to do bad things. Risks perceived by an average schmo 1.

Risk 124

Risk Machine Learning Risk Management Measurement 124

datapine

MAY 31, 2022

Everywhere you turn these days, “the cloud” is being talked about. It’s a hot topic, and as technologies continue to evolve at a rapid pace, the scope of the cloud continues to expand. Yes, this ambiguous term seems to encompass almost everything about us. The capabilities and breadth of the cloud are enormous.

Risk 237

Risk Cost-Benefit Business Intelligence Data-driven 237

CIO Business Intelligence

NOVEMBER 18, 2024

Traditionally viewed as rock-solid and steady, the insurance industry is not exactly associated with taking big risks. Under Executive Vice President and CIO Gray Nester, BBIN traded up the legacy IT moniker for the modern-day Technology Solutions Group brand.

IT 108

IT Insurance Strategy Technology 108

CIO Business Intelligence

NOVEMBER 12, 2024

Transformational CIOs recognize the importance of IT culture in delivering innovation, accelerating business impacts, and reducing operational and security risks. Worse, issues that undermine IT culture may not appear in these KPIs or employee satisfaction surveys for months.

IT 139

IT Digital Transformation Management Experimentation 139

CIO Business Intelligence

OCTOBER 24, 2024

The long-term impact is even more worrying — companies risk falling behind competitors who are implementing AI strategically. As organizations rush to spin up AI projects, many IT professionals aren’t sold on the value of these early efforts. This trend is concerning,” he says. “AI

IT 138

IT Experimentation Measurement Risk 138

CIO Business Intelligence

NOVEMBER 1, 2024

One of the world’s largest risk advisors and insurance brokers launched a digital transformation five years ago to better enable its clients to navigate the political, social, and economic waves rising in the digital information age.

IT 122

IT Insurance Consulting Risk 122

CIO Business Intelligence

OCTOBER 8, 2024

You risk adding to the hype where there will be no observable value. Whatever it is, it will steal everyone’s job. There is no way it will ever be secure. There is a race to be the first to expose your leveraging of it. Nobody knows what it is, what it really does, and you must become an expert in short order. But is this really wise?

Risk 124

Risk Technology Cost-Benefit Internet of Things 124

CIO Business Intelligence

NOVEMBER 13, 2024

And we’re at risk of being burned out.” JP Morgan Chase president Daniel Pinto says the bank expects to see up to $2 billion in value from its AI use cases, up from a $1.5 billion estimate in May. The company has already rolled out a gen AI assistant and is also looking to use AI and LLMs to optimize every process.

IT 138

IT Consulting ROI Cost-Benefit 138

CIO Business Intelligence

OCTOBER 24, 2023

But adding these new capabilities to your tech stack comes with a host of security risks. For executives and decision-makers, understanding these risks is crucial to safeguarding your business. How should businesses mitigate the risks? Government and regulatory bodies also have a role to play in managing these risks.

Risk 126

Risk Recreation/Entertainment Data Collection Data Processing 126