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

Domino Data Lab

AUGUST 6, 2021

Model Risk Management is about reducing bad consequences of decisions caused by trusting incorrect or misused model outputs. Systematically enabling model development and production deployment at scale entails use of an Enterprise MLOps platform, which addresses the full lifecycle including Model Risk Management.

Risk Management 64

Risk Management Risk Modeling Enterprise 64

John Wheeler

NOVEMBER 25, 2020

Integrated risk management (IRM) technology is uniquely suited to address the myriad of risks arising from the current crisis and future COVID-19 recovery. Provide a full view of business operations by delivering forward-looking measures of related risk to help customers successfully navigate the COVID-19 recovery.

Marketing 110

Marketing Risk Management Risk Digital Transformation 110

CIO Business Intelligence

APRIL 23, 2024

When it comes to structural risks you can ignore them as well, but you can’t make them go away by doing so and will be blamed if they’re “realized” (the risk-management term for “becoming real”). Rationalizing the applications portfolio reduces the odds of these risks being realized. IT Leadership, Risk Management

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CIO Business Intelligence

MAY 24, 2024

A variety of roles in the enterprise require or benefit from a GRC certification, such as chief information officer, IT security analyst, security engineer architect, information assurance program manager, and senior IT auditor , among others.

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Risk Risk Management Management Enterprise 119

DataRobot Blog

NOVEMBER 17, 2022

What’s your AI risk mitigation plan? Just as you wouldn’t set off on a journey without checking the roads, knowing your route, and preparing for possible delays or mishaps, you need a model risk management plan in place for your machine learning projects. Enterprise Ready AI: Managing Governance and Risk.

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CIO Business Intelligence

DECEMBER 10, 2024

Set clear, measurable metrics around what you want to improve with generative AI, including the pain points and the opportunities, says Shaown Nandi, director of technology at AWS. In HR, measure time-to-hire and candidate quality to ensure AI-driven recruitment aligns with business goals.

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CIO Business Intelligence

MAY 22, 2024

The signatories agreed to publish — if they have not done so already — safety frameworks outlining on how they will measure the risks of their respective AI models. The risks might include the potential for misuse of the model by a bad actor, for instance. So, in a way, it is a step towards ethical AI.”

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CIO Business Intelligence

JULY 22, 2024

Enhanced risk management practices The incident has highlighted the need for improved risk management practices. By implementing robust risk management practices, enhancing security measures, and diversifying cloud solutions, organizations can better protect themselves against future disruptions.

Strategy 143

Strategy Testing Risk Management Risk 143

O'Reilly on Data

DECEMBER 12, 2019

In addition to newer innovations, the practice borrows from model risk management, traditional model diagnostics, and software testing. While our analysis of each method may appear technical, we believe that understanding the tools available, and how to use them, is critical for all risk management teams.

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CIO Business Intelligence

AUGUST 6, 2024

This article explores the lessons businesses can learn from the CrowdStrike outage and underscores the importance of proactive measures like performing a business impact assessment (BIA) to safeguard operations against similar disruptions. This knowledge can inform your own risk management and business continuity strategies.

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Risk Management Risk Testing Finance 111

O'Reilly on Data

NOVEMBER 13, 2018

Fortunately, a recent survey paper from Stanford— A Critical Review of Fair Machine Learning —simplifies these criteria and groups them into the following types of measures: Anti-classification means the omission of protected attributes and their proxies from the model or classifier.

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Machine Learning Risk Management Statistics 223

CIO Business Intelligence

JUNE 23, 2023

The importance of efficiency, optimization, and risk reduction When asked how they measure success within their organizations, respondents noted increased efficiency (71%), optimized resources (67%), and reduced risk (63%). Risk Management: Risk management is a critical focus for technology professionals.

IT 98

IT Risk Management Risk Optimization 98

CIO Business Intelligence

JUNE 27, 2024

Trade associations like the DPA may play a role in supporting the enforcement of such legislation and advocating for other similar measures. Effective risk management will be crucial for addressing legal and reputational risks, and innovation strategies may require adjustments to comply with regulatory standards.

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Smart Data Collective

MAY 4, 2023

As data breaches continue to be a serious concern, organizations need to take stringent measures to protect against them. One issue that they need to take into consideration is the importance of third-party data security risks caused by improper vendor security. Vendor security plays a pivotal role in third-party risk management.

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Risk Management Key Performance Indicator Measurement Risk 87

DataRobot Blog

JULY 22, 2022

At many organizations, the current framework focuses on the validation and testing of new models, but risk managers and regulators are coming to realize that what happens after model deployment is at least as important. Reduce Risk with Systematic Model Controls. What Risk Managers Need to Know About AI Governance.

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CIO Business Intelligence

DECEMBER 28, 2023

As a result, managing risks and ensuring compliance to rules and regulations along with the governing mechanisms that guide and guard the organization on its mission have morphed from siloed duties to a collective discipline called GRC. These executive lead risk or compliance departments with dedicated teams. What is GRC?

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Risk Risk Management Strategy Enterprise 115

CIO Business Intelligence

NOVEMBER 21, 2024

Senior business leaders and CIOs must navigate a complex web of competing priorities, such as managing stakeholder expectations, accelerating technological innovation, and maintaining operational efficiency. Risk management is equally vital, particularly as organizations adopt modern technologies.

Strategy 122

Strategy IT Business Objectives Cost-Benefit 122

CIO Business Intelligence

JUNE 21, 2022

“Your governance structure should be dynamic and [designed to] identify triggers that may evoke a revision, and its effectiveness should be constantly measured so that it remains relevant.”. Poor risk planning. CIOs frequently launch strategic initiatives without fully considering all the risks involved.

IT 116

IT Risk Measurement Risk Management 116

Cloudera

OCTOBER 20, 2021

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? When it comes to measuring climate risk, generating scenarios will be a critical tactic for financial institutions and asset managers.

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CIO Business Intelligence

JULY 1, 2024

Lastly, CLTR said, capacity to monitor, investigate, and respond to incidents needs to be enhanced through measures such as the establishment of a pilot AI incident database. Real-time monitoring tools are essential, according to Luke Dash, CEO of risk management platform ISMS.online.

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CIO Business Intelligence

JUNE 18, 2024

While compliance frameworks provide guidelines for protecting sensitive data and mitigating risks, security measures must adapt to evolving threats. Security, on the other hand, encompasses the broader spectrum of protective measures implemented to defend against malicious activities, data breaches, and cyberattacks.

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Risk Measurement Risk Management Management 105

CIO Business Intelligence

AUGUST 30, 2023

One executive said that it’s essential to toughen up basic security measures like “a combination of access control, CASB/proxy/application firewalls/SASE, data protection, and data loss protection.” This includes documentation of the risks and potential impacts of AI technology.

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CIO Business Intelligence

DECEMBER 12, 2024

Most companies are still unprepared to address the accompanying risks and regulations that come with widespread adoption of AI and are undertaking initiatives to adopt safe contracting measures with specialist AI providers to avoid risks of brand reputation damage, Malhotra added.

Risk 123

Risk Interactive Measurement Digital Transformation 123

AWS Big Data

FEBRUARY 1, 2024

Amazon Redshift features like streaming ingestion, Amazon Aurora zero-ETL integration , and data sharing with AWS Data Exchange enable near-real-time processing for trade reporting, risk management, and trade optimization. Apart from generating regulatory reports, these teams require visibility into the health of the reporting systems.

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Data Warehouse Dashboards Risk Management Risk 134

Smart Data Collective

SEPTEMBER 28, 2021

The following elucidates the same: l Improved Protective Measures. There are IoT solutions that can assist them in collecting data and performing analytics for inventory management. l Improved Risk Management. AI and IoT, when combined, are incredibly powerful technological forces.

IoT 137

IoT Internet of Things Cost-Benefit Consulting 137

Smart Data Collective

JULY 4, 2021

Risk Management. Machine learning also reinforces cybersecurity and necessitates companies from various industries to tighten their security measures. Partnered with natural language processing (NLP), AI software can pull relevant information from sets of unstructured data.

Machine Learning 143

Machine Learning Management B2B Unstructured Data 143

CIO Business Intelligence

JUNE 25, 2024

Yes, an increase in share price should be a useful measure of management performance, because it ought to reflect the expectations of outside industry experts regarding the company’s future profitability. Which in turn should be their assessment of management’s plans for improving competitive advantage.

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Risk Risk Management Statistics Management 118

erwin

MARCH 25, 2021

Usually we talk about benefits which are rather qualitative measures, but what we need for decision-making processes are values,” Pörschmann says. “We Risk Management and Regulatory Compliance. Risk management, specifically around regulatory compliance, is an important use case to demonstrate the true value of data governance.

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CIO Business Intelligence

DECEMBER 6, 2024

Develop an AI platform and write a gen AI playbook to allow it to move quickly without shortchanging on security and governance measures. The model has five core pillars that guide the introduction of all new technology and provide a roadmap for assessments, evaluations, and approvals: Discover, Ideate, Elaborate, Execute, and Measure.

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Technology Marketing Risk Measurement 118

DataRobot

OCTOBER 5, 2021

Throughout history, introducing innovations in fields like aviation and nuclear power to society required robust risk management frameworks. AI is no different, and by its nature, it demands a comprehensive approach to governance utilizing risk management.

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Risk Management Testing Risk Data Science 95

Cloudera

JUNE 29, 2023

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. However, because most institutions lack a modern data architecture , they struggle to manage, integrate and analyze financial data at pace.

Data Architecture 91

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Smart Data Collective

JULY 16, 2023

We will talk about some of the biggest ways that big data is changing the future of risk management among hedge funds. Data Analytics Helps Create More Robust Risk Management Controls We mentioned years ago that big data is changing risk management.

ROI 76

ROI Data Analytics Analytics Risk Management 76

Cloudera

FEBRUARY 15, 2024

From stringent data protection measures to complex risk management protocols, institutions must not only adapt to regulatory shifts but also proactively anticipate emerging requirements, as well as predict negative outcomes. This results in enhanced efficiency in compliance processes.

Insurance 93

Insurance Data Architecture Risk Management Risk 93

Cloudera

JUNE 12, 2024

Traditional machine learning (ML) models enhance risk management, credit scoring, anti-money laundering efforts and process automation. Some of the biggest and well-known financial institutions are already realizing value from AI and GenAI: JPMorgan Chase uses AI for personalized virtual assistants and ML models for risk management.

Finance 83

Finance Risk Management Risk Data-driven 83

CIO Business Intelligence

AUGUST 7, 2023

According to Rocket Software’s survey, nearly half of respondents (42%) noted that they think about IT risk daily (31%) and even multiple times a day (11%). Sixty-three percent of IT leaders even measure success within their IT organization by their ability to reduce risk.

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Risk IT Management Risk Management 98

erwin

APRIL 21, 2020

By combining physical system catalogs, critical data elements, and key performance measures with clearly defined product and sales goals, you can manage the effectiveness of your business and ensure you understand what critical systems are for business continuity and measuring corporate performance.

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