CIO Business Intelligence

DECEMBER 10, 2024

CIOs have been able to ride the AI hype cycle to bolster investment in their gen AI strategies, but the AI honeymoon may soon be over, as Gartner recently placed gen AI at the peak of inflated expectations , with the trough of disillusionment not far behind. That doesnt mean investments will dry up overnight.

Sales 142

Sales Metrics Data-driven Measurement 142

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. While AI offers a powerful means to anticipate and address risks, it also introduces new challenges. We need to have a unified strategy which is required to scale,” he remarked.

Risk Management 59

Risk Management Risk Management Data-driven 59

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.

Risk 119

Risk Risk Management Management Enterprise 119

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.

Risk 128

Risk Measurement Risk Management Strategy 128

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

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.

Risk 116

Risk IT Insurance Risk Management 116

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. What can you do?

Machine Learning 196

Machine Learning Modeling Testing Risk Management 196

CIO Business Intelligence

DECEMBER 12, 2024

As businesses race toward digital transformation, Gartner has forecasted a game-changing shift in customer service strategies for Fortune 500 companies. While intended to reduce customer effort, poorly implemented systems risk alienating users, particularly if security or functionality gaps emerge.

Risk 123

Risk Interactive Measurement Digital Transformation 123

IBM Big Data Hub

JANUARY 30, 2024

To overcome various challenges associated with multicloud , organizations need to map out a comprehensive multicloud management strategy to achieve overall success. Security risks: Maintaining strong security measures is a critical component of enterprise cloud adoption. What is multicloud architecture?

Strategy 91

Strategy Cost-Benefit Risk Optimization 91

IBM Big Data Hub

DECEMBER 8, 2023

The only way for effective risk reduction is for an organization to use a step-by-step risk mitigation strategy to sort and manage risk, ensuring the organization has a business continuity plan in place for unexpected events. Contingency plans should be in place if something drastic changes or risk events occur.

Risk 67

Risk Strategy Risk Management Insurance 67

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. What is GRC? GRC is overarching. Why is GRC important?

Risk 115

Risk Risk Management Strategy Enterprise 115

IBM Big Data Hub

DECEMBER 13, 2023

A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. A procurement strategy is not merely a series of steps for acquiring goods and services. What is a procurement strategy?

Strategy 65

Strategy Cost-Benefit Key Performance Indicator Consulting 65

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.

Risk Management 52

Risk Management Risk Modeling Management 52

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.

Risk Management 111

Risk Management Risk Testing Finance 111

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.

Reporting 129

Reporting Risk Management Experimentation Risk 129

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. The truth is that data breaches are as common as ever.

Risk Management 90

Risk Management Key Performance Indicator Measurement Risk 90

CIO Business Intelligence

JUNE 21, 2022

IT governance should be well-defined, clearly understood, and led by principles that reflect your organization’s mission, vision, and strategy, advises Donna Bales, principal research director at Info-Tech Research Group. Poor risk planning. CIOs frequently launch strategic initiatives without fully considering all the risks involved.

IT 116

IT Risk Measurement Risk Management 116

CIO Business Intelligence

JUNE 23, 2023

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%). Sixty-five percent of respondents cited implementing a hybrid cloud strategy as a top priority.

IT 98

IT Risk Management Risk Optimization 98

Cloudera

MARCH 25, 2021

Risk management can be optimized by the improved use of data and analytics to run models, account for more variables and scrutinize probable outcomes. With a strategy and enterprise wide approach to governance in place, compliance becomes a side benefit of becoming a more data-driven organization. .

Data Strategy 69

Data Strategy Strategy Enterprise Insurance 69

CIO Business Intelligence

MAY 2, 2024

Security and risk management pros have a lot keeping them up at night. Then, you can develop a strategy that integrates advanced technologies to help you prevent (not just detect) them. This strategy forms the basis for companies to navigate the “cyber pandemic” we face and onto a more secure, trusted future.

Strategy 115

Strategy Risk Management Risk Measurement 115

CIO Business Intelligence

JULY 25, 2024

But the outage has also raised questions about enterprise cloud strategies and resurfaced debate about overly privileged software , as IT leaders look for takeaways from the disastrous event. It also highlights the downsides of concentration risk. What is your concentration risk tolerance? Still, we must.

Risk 144

Risk Cost-Benefit Strategy Enterprise 144

Smart Data Collective

JULY 16, 2023

Optimizing hedge fund performance requires the implementation of intelligent strategies, from managing risks to maximizing returns, improving investor relations, and adapting to shifting market conditions. We will talk about some of the biggest ways that big data is changing the future of risk management among hedge funds.

ROI 79

ROI Data Analytics Analytics Risk Management 79

CIO Business Intelligence

SEPTEMBER 6, 2023

The value of addressing cybersecurity issues through ongoing discussions is getting corporate alignment on effective and robust strategies, says Roger Albrecht, co-lead of the cybersecurity unit at technology research and advisory firm ISG. Are our systems adequately modernized for security? What would be the next steps?

IT 142

IT ROI Risk Strategy 142

CIO Business Intelligence

APRIL 29, 2022

A recent report by Enterprise Strategy Group, commissioned by Hewlett Packard Enterprise, explains why data-first thinking matters: because they move faster than their competitors. Create a CXO-driven data strategy. A data-first strategy means a business strategy that is enabled by objective data.

Digital Transformation 132

Digital Transformation Strategy Data-driven Data Strategy 132

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.

Risk 105

Risk Measurement Risk Management Management 105

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.

Risk 85

Risk Modeling Risk Management Measurement 85

IBM Big Data Hub

MAY 31, 2024

Governments can help manage and mitigate these risks by relying on IBM’s five fundamental properties for trustworthy AI: explainability, fairness, transparency, robustness and privacy. Governments can also create and execute AI design and deployment strategies that keep humans at the hearth of the decision-making process.

Cost-Benefit 98

Cost-Benefit Risk Risk Management Reporting 98

CIO Business Intelligence

JUNE 25, 2024

Such as: Wouldn’t some of this money be better spent improving the company’s infosec risk posture? And remember your company’s stalled Digital strategy — the one that was going to leverage information technology to increase marketshare, mindshare, and walletshare? It would be if it weren’t for a lovely irony.

Risk 118

Risk Risk Management Statistics Management 118

CIO Business Intelligence

AUGUST 30, 2024

The HRIP certification exam is comprised of 90 multiple-choice questions to be completed within 120 minutes, and covers technology strategy, assessment, selection, implementation, operations, and upgrades, as well as HR and business processes.

Cost-Benefit 118

Cost-Benefit Risk Management Strategy Testing 118

CIO Business Intelligence

MARCH 21, 2024

In addition to rationalizing applications and other tactics you would expect, Lovelady knew establishing influence across McWane would be essential for the IT makeover to succeed, and that in turn would require over-communicating, driving accountability, measuring success, and rewarding high performance.

IT 111

IT Manufacturing Risk Management Risk 111

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 93

Insurance Data Architecture Risk Management Risk 93

CIO Business Intelligence

JUNE 12, 2023

COBIT is an IT management framework developed by the ISACA to help businesses develop, organize, and implement strategies around information management and IT governance. COBIT 2019 was introduced to build governance strategies that are more flexible and collaborative and that address new and changing technology.

Risk Management 94

Risk Management Strategy Digital Transformation Enterprise 94

Smart Data Collective

AUGUST 6, 2020

In order to stay safe, maritime organizations must invest in the proper security mechanisms and strategies. Develop a Robust Strategy. Mission Secure believes in a six-part cybersecurity risk management approach. Analyze the risk exposure of internal threats, external threats, and all vulnerabilities.

Risk 98

Risk Measurement Strategy Risk Management 98

CIO Business Intelligence

JUNE 8, 2023

There’s a strong need for workers with expertise in helping companies make sense of data, launch cloud strategies, build applications, and improve the overall user experience. Companies need qualified CTOs, CIOs, vice presidents, and directors who are focused on developing and overseeing the business’ overall technology strategy and goals.

IT 140

IT Digital Transformation Software Risk 140

Smart Data Collective

JULY 19, 2021

Risk Management. Companies using data centers within their data recovery strategies do this with the aim of mitigating risk in the case of some external mishap (unfortunate events such as natural disasters). All of these measures are important since no data center can afford a data theft situation or data leaks.

Cost-Benefit 133

Cost-Benefit Risk Management Risk Consulting 133

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.

Data Warehouse 134

Data Warehouse Dashboards Risk Management Risk 134

CIO Business Intelligence

OCTOBER 15, 2024

Multicloud architectures, applications portfolios that span from mainframes to the cloud, board pressure to accelerate AI and digital outcomes — today’s CIOs face a range of challenges that can impact their DevOps strategies.

Enterprise 143

Enterprise Testing Business Objectives Experimentation 143