CIO Business Intelligence

MARCH 3, 2025

In this issue, we explore the risks to both IT and the business from the use of AI. The goal of your risk management efforts should be to gain the most value from AI as a result.

Risk Management 84

Risk Management Risk Management Enterprise 84

CIO Business Intelligence

JANUARY 24, 2024

Rather than divide IT, digital, and data into different functional leadership roles, Gilbane’s executive management decided, for the first time, to put all of these transformational teams under one leader. In construction, our teams are managing the construction of hundreds of projects happening at any one time,” she says.

Risk Management 118

Risk Management Risk Management Digital Transformation 118

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

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 116

Risk IT Insurance Risk Management 116

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

CIO Business Intelligence

SEPTEMBER 13, 2024

For Kevin Torres, trying to modernize patient care while balancing considerable cybersecurity risks at MemorialCare, the integrated nonprofit health system based in Southern California, is a major challenge. They also had to retrofit some older solutions to ensure they didn’t expose the business to greater risks.

Risk 128

Risk IT IoT Statistics 128

CIO Business Intelligence

OCTOBER 30, 2024

In fact, among surveyed leaders, 74% identified security and compliance risks surrounding AI as one of the biggest barriers to adoption. In fact, a recent Cloudera survey found that 88% of IT leaders said their organization is currently using AI in some way.

Enterprise 139

Enterprise Data Architecture Unstructured Data Insurance 139

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

MARCH 19, 2025

Then in November, the company revealed its Azure AI Agent Service, a fully-managed service that lets enterprises build, deploy and scale agents quickly. Before that, though, ServiceNow announced its AI Agents offering in September, with the first use cases for customer service management and IT service management, available in November.

Software 143

Software Risk Enterprise Cost-Benefit 143

Smart Data Collective

JUNE 19, 2022

AI is particularly helpful with managing risks. How AI Can Help Suppliers Manage Risks Better. The benefits of AI stem from the need to manage close relationships with business stakeholders, which is a difficult task. Failure or Delay Risk. Brand Reputation Risk. Businesses do not exist on islands.

Risk 144

Risk Cost-Benefit Risk Management Manufacturing 144

CIO Business Intelligence

JANUARY 21, 2025

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. CIOs should consider placing these five AI bets in 2025.

Cost-Benefit 142

Cost-Benefit Data-driven Strategy Marketing 142

O'Reilly on Data

JULY 15, 2019

After the 2008 financial crisis, the Federal Reserve issued a new set of guidelines governing models— SR 11-7 : Guidance on Model Risk Management. Note that the emphasis of SR 11-7 is on risk management.). Sources of model risk. Model risk management. Image by Ben Lorica and Harish Doddi.

Machine Learning 48

Machine Learning Management Enterprise Risk Management 48

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

Smart Data Collective

SEPTEMBER 13, 2021

Remote working has also created greater data security risks. Many organizations and enterprises are constantly under threat of a cyber attack. Although data may be lost in a hacking incident, it can also be due to other intentional or accidental reasons. Cost of data loss and the factors that drive its cost. The maximum threshold is 200 days.

Risk 143

Risk Strategy Enterprise Finance 143

CIO Business Intelligence

DECEMBER 28, 2023

The need to manage risk, adhere to regulations, and establish processes to govern those tasks has been part of running an organization as long as there have been businesses to run. Furthermore, the State of Risk & Compliance Report, from GRC software maker NAVEX, found that 20% described their programs as early stage.

Risk 115

Risk Risk Management Strategy Enterprise 115

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

CIO Business Intelligence

JANUARY 21, 2025

Theres also the risk of over-reliance on the new systems. In the ever-changing landscape of digital threats, artificial intelligence (AI) has emerged as both a formidable ally and a dangerous adversary. The cybersecurity world has changed dramatically. For starters, its revolutionizing threat detection and response.

Behavioral Analytics 122

Behavioral Analytics Data-driven Risk Insurance 122

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

CIO Business Intelligence

DECEMBER 14, 2023

As CIOs seek to achieve economies of scale in the cloud, a risk inherent in many of their strategies is taking on greater importance of late: consolidating on too few if not just a single major cloud vendor. This is the kind of risk that may increasingly keep CIOs up at night in the year ahead.

Risk 131

Risk Cost-Benefit Strategy Risk Management 131

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

CIO Business Intelligence

DECEMBER 20, 2024

As concerns about AI security, risk, and compliance continue to escalate, practical solutions remain elusive. as AI adoption and risk increases, its time to understand why sweating the small and not-so-small stuff matters and where we go from here. The latter issue, data protection, touches every company.

Risk 105

Risk Measurement Modeling Interactive 105

CIO Business Intelligence

MAY 20, 2024

Krishna Prasad, chief strategy officer and CIO at UST, a digital transformation solutions company, says that cybersecurity not only remains top of mind but an area of significant work for IT as it’s tasked with executing much of the risk-mitigation efforts. Other surveys offer similar findings. 1 priority among its respondents as well.

IT 142

IT Risk Management Machine Learning Risk 142

CIO Business Intelligence

SEPTEMBER 6, 2023

The discussions address changing regulatory and compliance requirements, and reveal vulnerabilities and threats for risk mitigation.” Ongoing IT security strategy conversations should address the organization’s cyber risk and arrive at strategic objectives, Albrecht says. Are our systems adequately modernized for security?

IT 142

IT ROI Risk Strategy 142

O'Reilly on Data

DECEMBER 12, 2019

1] This includes C-suite executives, front-line data scientists, and risk, legal, and compliance personnel. These recommendations are based on our experience, both as a data scientist and as a lawyer, focused on managing the risks of deploying ML. Not least is the broadening realization that ML models can fail.

Machine Learning 275

Machine Learning Modeling Testing Risk Management 275

CIO Business Intelligence

SEPTEMBER 10, 2024

Managing cybersecurity and other technology risks will be top of mind for CIOs in 2025 across Australia and New Zealand (ANZ), with 82% of 109 respondents saying it is a key priority for next year, according to Gartner.

Uncertainty 132

Uncertainty Risk Management Risk Management 132

Smart Data Collective

AUGUST 19, 2023

Risk is an ever-present companion in the world of finance. Understanding and managing risk is critical whether you are an individual investor , a financial institution, or a multinational organization. Credit risk is one of the most critical hazards that banks and financial organizations face.

Risk 98

Risk Data Analytics Analytics Finance 98

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

CIO Business Intelligence

NOVEMBER 21, 2023

Ask IT leaders about their challenges with shadow IT, and most will cite the kinds of security, operational, and integration risks that give shadow IT its bad rep. That’s not to downplay the inherent risks of shadow IT. Following are seven steps to guide this transformation for competitive advantage.

IT 137

IT Risk Cost-Benefit Data Science 137

CIO Business Intelligence

NOVEMBER 4, 2024

This often resulted in lengthy manual assessments, which only increased the risk of human error.” The decision to start in a controlled environment and gradually expand AI capabilities allowed Camelot the time to mitigate risks and hone Myrddin before its rollout in September 2024. Myrddin uses AI to interact intelligently with users.

Dashboards 115

Dashboards Risk Risk Management Data-driven 115

CIO Business Intelligence

DECEMBER 10, 2024

To drive gen-AI top-line revenue impacts, CIOs should review their data governance priorities and consider proactive data governance and dataops practices that go beyond risk management objectives. In IT service management, AI-driven knowledge graphs provide issue diagnosis and proactive resolution, decreasing downtime.

Sales 143

Sales Metrics Data-driven Measurement 143

CIO Business Intelligence

JUNE 23, 2023

It helps reduce risk, increase efficiency, optimize resources, and improve both the customer and employee experience. When asked what keeps them up at night, IT leaders noted the need to improve overall IT performance (60%), followed by data security (50%), process risk and compliance (46%), and the need to improve agility (41%).

IT 98

IT Risk Management Risk Optimization 98

CIO Business Intelligence

FEBRUARY 21, 2025

According to the report, the implementation has fundamentally impacted the Councils financial management and its operations, forcing the council into a costly re-implementation phase that has more than doubled the projects original budget. The project involved replacing the city councils long-standing SAP system with Oracle Cloud.

Reporting 90

Reporting Risk Testing Risk Management 90

CIO Business Intelligence

NOVEMBER 19, 2024

Robust cloud cost management tools and practices that foster collaboration between IT, finance, and business units can help ensure alignment and effective optimization of cloud investments,” notes Morris. Their collaboration enables real-time delivery of insights for risk management, fraud detection, and customer personalization.

Analytics 97

Analytics Cost-Benefit Finance Data-driven 97

IBM Big Data Hub

OCTOBER 23, 2023

1] Managing complex business operations across a hybrid multicloud environment presents leaders with unique challenges, not least of which are cyberthreats that can bring essential business functions to a halt—potentially for days, weeks or months. Hybrid cloud has become the new normal for enterprises in nearly all industries.

Risk 84

Risk Strategy Risk Management Digital Transformation 84

CIO Business Intelligence

JUNE 21, 2022

Governance should be designed with adaptability in mind to ensure IT remains in alignment with business objectives, continually providing value while effectively safeguarding the organization against potential risks, Bales says. Poor risk planning. Not keeping pace with evolving business priorities.

IT 116

IT Risk Measurement Risk Management 116

CIO Business Intelligence

MARCH 4, 2025

It identifies your organizations most critical functions and assesses the potential risks and impacts to income, opportunity, brand, service, mission, and people. See also: How resilient CIOs future-proof to mitigate risks.) Then, assess the risk likelihood versus impact. Disaster recovery is more than just an IT issue.

Testing 64

Testing Risk Consulting Risk Management 64