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

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

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.

Sales 142

Sales Metrics Data-driven Measurement 142

CIO Business Intelligence

MAY 22, 2024

Sixteen big users and creators of artificial intelligence (AI) technology — including heavy hitters such as Microsoft, Amazon, Google, Meta, and OpenAI — have signed up to the Frontier AI Safety Commitments, a new set of safety guidelines and development outcomes for the technology.

Risk Management 122

Risk Management Risk Publishing Modeling 122

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

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

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

JUNE 27, 2024

The companies aim to standardize the licensing of intellectual property for AI and ML datasets, promote ethical data practices, facilitate industry collaboration, advocate for content creators’ rights, and support innovation in AI and ML technologies while protecting intellectual property, they said in a statement.

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Risk Measurement Risk Management Strategy 128

CIO Business Intelligence

NOVEMBER 21, 2024

Technology has shifted from a back-office function to a core enabler of business growth, innovation, and competitive advantage. 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.

Strategy 122

Strategy IT Business Objectives Cost-Benefit 122

Decision Management Solutions

APRIL 23, 2019

In February, we published a blog post on “Using Technology to Add Value in Insurance”. In that post, I referenced Matt Josefowticz’s article – Technology May be the Answer for Insurers, but What Was the Question? , Finally, better managing risk relies on business ownership and collaboration.

Insurance 69

Insurance Risk Technology Management 69

DataRobot Blog

NOVEMBER 17, 2022

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. A fair model is one where results are measured alongside sensitive aspects of the data (e.g. Watch on-demand.

Risk Management 52

Risk Management Risk Modeling Management 52

CIO Business Intelligence

DECEMBER 6, 2024

Bank holding company Ally Financial is determined to stay at the cutting edge of technology in the financial industry. Develop an AI platform and write a gen AI playbook to allow it to move quickly without shortchanging on security and governance measures. The company adapted its Ally Technology Operating Model (ATOM) for gen AI.

Technology 118

Technology Marketing Risk Measurement 118

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.

Machine Learning 196

Machine Learning Modeling Testing Risk Management 196

CIO Business Intelligence

JULY 22, 2024

This will undoubtedly raise questions and concerns from executives about how to ensure the reliability of enterprise systems, especially with technology as integrated into day-to-day operations as cybersecurity software.” Enhanced risk management practices The incident has highlighted the need for improved risk management practices.

Strategy 143

Strategy Testing Risk Management Risk 143

CIO Business Intelligence

JUNE 23, 2023

Determining the right mix of technologies and methodologies to support an entire organization can be overwhelming – and can keep IT leaders up at night. A hybrid cloud approach allows technology professionals to leverage the best of both worlds. Risk Management: Risk management is a critical focus for technology professionals.

IT 98

IT Risk Management Risk Optimization 98

CIO Business Intelligence

DECEMBER 28, 2023

But those tasks have become increasingly critical to organizational success in the modern era, as the number of laws, the complexity of doing business, the types of risks, and the use of technology have exploded in recent decades. Best practices, framework and technology have been developed to support this work.

Risk 115

Risk Risk Management Strategy Enterprise 115

Smart Data Collective

SEPTEMBER 28, 2021

In today’s modern era, AI and IoT are technologies poised to impact every part of the industry and society radically. Because most businesses devote their primary efforts to developing their brand, software applications, or network, new technologies are apt to transform how they operate. l Improved Risk Management.

IoT 140

IoT Internet of Things Cost-Benefit Consulting 140

CIO Business Intelligence

JULY 1, 2024

Shortcomings in incident reporting are leaving a dangerous gap in the regulation of AI technologies. The UK government’s Department for Science, Innovation & Technology (DSIT) lacks a central, up-to-date picture of incidents involving AI systems as they emerge, according to CLTR.

Reporting 129

Reporting Risk Management Experimentation Risk 129

CIO Business Intelligence

JUNE 21, 2022

Business practices and priorities shift frequently to accommodate emerging technologies, customer expectations, and product and service delivery demands. Effective governance ensures that the right technology investments are made at the right time to support organizational change and enable successful business outcomes,” she adds.

IT 116

IT Risk Measurement Risk Management 116

CIO Business Intelligence

DECEMBER 12, 2024

If customers can simply ask their phone for solutions, organizations need to reconsider whether their current customer-facing technologies remain relevant, Quinlan said. The escalating security risks As AI adoption accelerates, so too do risks associated with fraud.

Risk 123

Risk Interactive Measurement Digital Transformation 123

CIO Business Intelligence

AUGUST 30, 2023

As an example, the consultancy refers to how generative AI technology could potentially add $200 – $400 billion in added annual value to the banking industry if full implementation moves ahead on various use cases. Today, it is, as they create a mysterious new risk and attack surface to defend against.

Enterprise 132

Enterprise Risk Measurement Software 132

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.

Risk Management 90

Risk Management Key Performance Indicator Measurement Risk 90

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

CIO Business Intelligence

JUNE 25, 2024

Now this is just speculation on my part, but I’d bet as much as a quarter that even a small fraction of UHG’s buyback budget would have easily paid for the time, effort, and technology needed to properly harden Change Healthcare’s information infrastructure. Look, it’s lovely when the price of a share of stock increases.

Risk 118

Risk Risk Management Statistics Management 118

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

CIO Business Intelligence

MAY 14, 2024

CIO is proud to launch the third edition of CIO50 Awards in Saudi Arabia, recognising the top 50 senior technology executives driving innovation, strengthening resiliency and influencing rapid change. The Awards will take place at the Hotel Fairmont Riyadh on 19th September.

Digital Transformation 98

Digital Transformation Business Objectives Risk Management Measurement 98

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

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. And the only way to do this is to leverage advanced security technologies such as mobile cryptography.

Strategy 115

Strategy Risk Management Risk Measurement 115

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. To improve the way they model and manage risk, institutions must modernize their data management and data governance practices.

Data Architecture 91

Data Architecture Risk Management Risk Management 91

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 Cross-platform support of scripting languages and data movement technologies. Risk Management and Regulatory Compliance. Risk Management and Regulatory Compliance.

Data Governance 109

Data Governance IT Cost-Benefit Risk 109

DataRobot

OCTOBER 5, 2021

Evaluating and mitigating the risk that comes with any new technology has been standard practice for organizations since World War II. Throughout history, introducing innovations in fields like aviation and nuclear power to society required robust risk management frameworks.

Risk Management 95

Risk Management Testing Risk Data Science 95

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. FactSet has several datasets available in the AWS Data Exchange marketplace, which we used for reference data.

Data Warehouse 134

Data Warehouse Dashboards Risk Management Risk 134

CIO Business Intelligence

JULY 5, 2024

Modernization, therefore, is part of its DNA, and according to CIO Marykay Wells, making technical changes to an organization’s IT infrastructure is an ever-changing discipline that needs to be meticulously managed. “If We had to talk about the impact of tech debt on our business.

Management 115

Management Risk Measurement Dashboards 115

CIO Business Intelligence

AUGUST 4, 2023

As CIOs and technology leaders, we’re almost always in the role of the technology evangelist, bringing both mainstream and emerging technology into the organization for business benefit. Technology has always been used for positive and negative effect. If reversible, then there’s clearly less risk.

Risk 98

Risk Risk Management ROI Technology 98

CIO Business Intelligence

APRIL 29, 2022

The challenge is formalizing that in terms of people, process, and technology. Automation can help to manage the approval, auditing, and enforcement aspect of these emerging rules, though organizations must pay attention to new legislation that emerges when new sovereignty regulations are passed. Prioritize your investments.

Digital Transformation 132

Digital Transformation Strategy Data-driven Data Strategy 132

CIO Business Intelligence

OCTOBER 4, 2023

Since 1998, the brand has evolved and grown in step with technology, and today, the size of its network and consumer use has made it a household name in digital payment systems. Initially, the company emerged from x.com and Confinity as a crypto company, developing P2P payments and using PalmPilot’s Beam technology. trillion last year.

Digital Transformation 132

Digital Transformation Deep Learning Data Lake Risk 132

CIO Business Intelligence

MAY 28, 2024

Securing AI can bolster its adoption AI security also remains a priority for AI stakeholders at large, with various initiatives being formed at both the government and corporate levels to try to set guidelines for the future development of the technology before it evolves beyond human control. He’s not alone in that believe.

Risk 116

Risk Risk Management Consulting Modeling 116