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.

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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. Unfortunately, the complexity of multiple vendors can lead to incidents and new risks.

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Risk Cost-Benefit Strategy Enterprise 144

IBM Big Data Hub

APRIL 25, 2023

Environmental, Social, and Governance (ESG) risk management has emerged as a critical aspect of business strategy for companies worldwide. However, 57% of CEOs admit that defining and measuring the Return on Investment (ROI) and economic benefits of their sustainability efforts remain a significant challenge.

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Risk Management Risk Management Metrics 78

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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Sales Metrics Data-driven Measurement 143

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. AI usage may bring the risk of sensitive data exfiltration through AI interactions.

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Risk Measurement Modeling Interactive 105

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. AI projects in financial services and health care.

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CIO Business Intelligence

JANUARY 21, 2025

As a secondary measure, we are now evaluating a few deepfake detection tools that can be integrated into our business productivity apps, in particular for Zoom or Teams, to continuously detect deepfakes. Theres also the risk of over-reliance on the new systems. While AI is undoubtedly powerful, its not infallible.

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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.

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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.

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Smart Data Collective

APRIL 19, 2021

But in most instances, the real risk comes from within. From conversing on personal devices (BYODs) to sending documents to the wrong recipient, or using unsecured applications for transfers, the risk for potential leaks is high. Around 66% of all data leaks are caused by employees making mistakes with digital records.

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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.

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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.

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Risk Management Risk Modeling Enterprise 64

CIO Business Intelligence

FEBRUARY 20, 2025

Solid reporting provides transparent, consistent and combined HR metrics essential for strategic planning, risk management and the management of HR measures. Companies should then monitor the measures and adjust them as necessary. To do this, the key figures should be linked and combined in a meaningful way.

Big Data 83

Big Data Measurement Visualization Machine Learning 83

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. Re-starting business operations will require risk visibility not only across the organization but vertically down through the organization as well. Key Findings.

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Smart Data Collective

MAY 15, 2019

On the other hand, big data has created a number of security risks that they need to be aware of, especially with brands leveraging Hadoop technology. Big data has created a number of security risks for Bluetooth users. Bluetooth Security Risks in the Age of Big Data. The best way to reduce the risk is to turn Bluetooth off.

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Big Data Risk Measurement Data mining 106

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.

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Data Architecture Risk Management Risk Management 85

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. That’s where model debugging comes in. Sensitivity analysis. Residual analysis.

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Machine Learning Modeling Testing Risk Management 226

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.

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CIO Business Intelligence

FEBRUARY 21, 2025

Change requests affecting critical aspects of the solution were accepted late in the implementation cycle, creating unnecessary complexity and risk. When this review finally occurred and identified key issues, its findings were ignored, highlighting a systemic failure in the councils risk management approach, the report added.

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Reporting Risk Testing Risk Management 71

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. It outlines strategies to ensure operations continue, minimize disruption, and drive preventative measures and contingency plans. Business priorities should guide it.

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Smart Data Collective

MAY 4, 2023

Unfortunately, there are often many weak links in the data security infrastructure, which can increase the risks of data breaches. As data breaches continue to be a serious concern, organizations need to take stringent measures to protect against them. These steps can help reduce the risks of data breaches.

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Risk Management Key Performance Indicator Measurement Risk 114

Cloudera

MAY 18, 2021

These interactions are captured and the resulting synthetic data sets can be analysed for a number of applications, such as training models to detect emergent fraudulent behavior, or exploring “what-if” scenarios for risk management. Value-at-Risk (VaR) is a widely used metric in risk management. Intraday VaR.

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CIO Business Intelligence

JULY 22, 2024

For CIOs, the event serves as a stark reminder of the inherent risks associated with over-reliance on a single vendor, particularly in the cloud. To mitigate this risk, CIOs are likely to explore multicloud or hybrid cloud architectures, distributing workloads across multiple platforms. Microsoft said around 8.5

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Strategy Testing Risk Management Risk 143

IBM Big Data Hub

DECEMBER 8, 2023

.” This same sentiment can be true when it comes to a successful risk mitigation plan. 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.

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Risk Strategy Risk Management Insurance 67

Decision Management Solutions

APRIL 23, 2019

, in which he states there are only three levers of value in insurance: Sell More, Manage Risk Better (aka underwriting and adjusting), and Cost Less to Operate. Let’s dive into greater detail on the second lever – Manage Risk Better. Insurers can also manage risk more effectively through continuous improvement.

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Insurance Risk Technology Management 69

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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Risk Measurement Risk Management Strategy 127

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 helps mitigate risks and ensures accountability.

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Risk Management Risk Testing Finance 110

Smart Data Collective

JULY 16, 2023

The Imperative of Risk Mitigation A crucial element in the world of financial investments is effective hedge fund management. 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.

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ROI Data Analytics Analytics Risk Management 97

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. Insufficient operational visibility.

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IT Risk Measurement Risk Management 115

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%).

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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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Modeling Risk Management Testing Risk 105

CIO Business Intelligence

JUNE 25, 2024

Charles Dickens’ Tale of Two Cities contrasts London’s order and safety with the chaos and risk of Paris. Such as: Wouldn’t some of this money be better spent improving the company’s infosec risk posture? Which in turn should be their assessment of management’s plans for improving competitive advantage.

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Risk Risk Management Statistics Management 117

CIO Business Intelligence

AUGUST 30, 2023

In my previous column in May, when I wrote about generative AI uses and the cybersecurity risks they could pose , CISOs noted that their organizations hadn’t deployed many (if any) generative AI-based solutions at scale. Today, it is, as they create a mysterious new risk and attack surface to defend against.

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CIO Business Intelligence

JUNE 10, 2024

Digital transformation programs promise a wealth of advantages, but unforeseen challenges can cancel out measurable value. It’s important to clearly identify what value you’re expecting to get from your partners against the price you’re paying, as well as the risk you’re taking on as a client. What primary risks lead to value erosion?

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Digital Transformation Risk Measurement IT 126

Smart Data Collective

SEPTEMBER 7, 2021

If the record has served its purpose in your office, keeping it around might be an unnecessary security risk. One specific measure you can take today is to ensure that every document you send out is completely covered when you put it inside an envelope and that your envelopes are opaque when held up to the light.

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Strategy Risk Measurement IT 140

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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Data Governance Cost-Benefit IT Risk 109

CIO Business Intelligence

JULY 1, 2024

By documenting cases where automated systems misbehave, glitch or jeopardize users, we can better discern problematic patterns and mitigate risks. 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.

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