CIO Business Intelligence

OCTOBER 17, 2024

As Robert Blumofe, chief technology officer at Akamai Technologies, told The Wall Street Journal recently, “The goal is not to solve the business problem. These technologies often do not undergo a complete vetting process, are not inventoried, and stay under the radar. The goal is to adopt AI.”

Risk 90

Risk Experimentation Testing Strategy 90

CIO Business Intelligence

AUGUST 13, 2024

As with any new technology, however, security must be designed into the adoption of AI in order to minimize potential risks. The combination of new technology with a short window makes security even more difficult than with traditional applications. The need for robust security measures is underscored by several key factors.

Risk 114

Risk Cost-Benefit Enterprise Modeling 114

Smart Data Collective

MARCH 27, 2020

With the technology available today, there’s even more data to draw from. Here is the type of data insurance companies use to measure a client’s potential risk and determine rates. Traditional data, like demographics, continues to be a factor in risk assessment. Demographics. This includes: Age. This includes: Age.

Insurance 107

Insurance Measurement Risk Cost-Benefit 107

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. What are GRC certifications? Why are GRC certifications important?

Risk 119

Risk Risk Management Management Enterprise 119

CIO Business Intelligence

DECEMBER 20, 2023

This has spurred interest around understanding and measuring developer productivity, says Keith Mann, senior director, analyst, at Gartner. Therefore, engineering leadership should measure software developer productivity, says Mann, but also understand how to do so effectively and be wary of pitfalls.

Measurement 124

Measurement Software IT Metrics 124

datapine

MAY 31, 2022

It’s a hot topic, and as technologies continue to evolve at a rapid pace, the scope of the cloud continues to expand. More and more CRM, marketing, and finance-related tools use SaaS business intelligence and technology, and even Adobe’s Creative Suite has adopted the model. 2) The Challenges Of Cloud Computing.

Risk 237

Risk Cost-Benefit Business Intelligence Data-driven 237

CIO Business Intelligence

OCTOBER 24, 2023

Many are under pressure to show that they are adopting these new technologies and not falling behind the competition. But adding these new capabilities to your tech stack comes with a host of security risks. For executives and decision-makers, understanding these risks is crucial to safeguarding your business.

Risk 119

Risk Recreation/Entertainment Data Collection Data Processing 119

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

CIO Business Intelligence

FEBRUARY 20, 2024

The risks and opportunities of AI AI is opening a new front in this cyberwar. These measures mandate that healthcare organisations adequately protect patient data, and that notification must be given in the event of a data breach. The healthcare sector is far and away the number one target for cybercriminals.

Risk 110

Risk Insurance Measurement Strategy 110

CIO Business Intelligence

JULY 11, 2022

Smart use of modern network security solutions and practices give CISOs their best chance fight against threats and mitigate risk. . Where current network security measures are falling short. The importance of observability, security intelligence, AI, and ML in a network security strategy.

Risk 93

Risk Technology Measurement Strategy 93

CIO Business Intelligence

MAY 23, 2024

When Getinge started 120 years ago, the main focus was agricultural machinery, but that shifted in the 1930s to medical technology, which is what the globally recognized company is known for today. Everything from simple translation services to more advanced solutions for creating product catalogues or risk analyses,” says Nilsson.

Digital Transformation 109

Digital Transformation Measurement Cost-Benefit Data Warehouse 109

CIO Business Intelligence

JANUARY 3, 2024

Putting aside the fact this is an astronomically high adoption rate for a brand new technology, it’s also an indicator of how risky this space is. When assessing vendors, Rich Products looks at their technology, architecture, business value, and pragmatic perspective. There’s no clear leader in the market yet.”

Risk 129

Risk Modeling Enterprise Marketing 129

Smart Data Collective

OCTOBER 26, 2023

AI poses a number of benefits and risks for modern businesses. AI technology is helping with cybersecurity in a myriad of ways. A successful breach can result in loss of money, a tarnished brand, risk of legal action, and exposure to private information. One of the most striking examples is in the field of cybersecurity.

Technology 97

Technology Risk Measurement IoT 97

IBM Big Data Hub

OCTOBER 9, 2023

Unified endpoint management (UEM) and medical device risk management concepts go side-by-side to create a robust cybersecurity posture that streamlines device management and ensures the safety and reliability of medical devices used by doctors and nurses at their everyday jobs.

Risk Management 76

Risk Management Risk Management Measurement 76

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. Best practices, framework and technology have been developed to support this work. GRC is overarching.

Risk 109

Risk Risk Management Strategy Enterprise 109

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

Smart Data Collective

MAY 7, 2023

million —and organizations are constantly at risk of cyber-attacks and malicious actors. In order to protect your business from these threats, it’s essential to understand what digital transformation entails and how you can safeguard your company from cyber risks. What is cyber risk?

Digital Transformation 109

Digital Transformation Risk Testing Strategy 109

CIO Business Intelligence

OCTOBER 13, 2022

While pandemic-driven digital transformation has enabled the media and entertainment industry to stream awesome content 24/7 – digital technology is also safeguarding visitors, performing artist, and crew at the Eurovision Song Contest by monitoring their Covid-19 exposure levels in real time. So, how does it work?

Risk 96

Risk Broadcasting Recreation/Entertainment Dashboards 96

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.

Risk 67

Risk Strategy Risk Management Insurance 67

CIO Business Intelligence

JULY 2, 2024

Imagine navigating a rapidly changing landscape, where technology seems to evolve at the speed of light and the pressure to keep up is relentless — this is the reality for today’s CIO. Future proofing technology investments has become a critical imperative for organizations seeking to maintain their competitive edge.

Technology 110

Technology Cost-Benefit Digital Transformation Optimization 110

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 84

Data Architecture Risk Management Risk Management 84

CIO Business Intelligence

JUNE 6, 2023

The big picture: Modernizing applications can help companies take advantage of the latest technologies, streamline their operations, and stay ahead of the competition. We share our top 10 reasons why organizations should modernize their applications and how to measure success after modernization.

Technology 104

Technology Cost-Benefit Measurement Marketing 104

IBM Big Data Hub

MAY 8, 2023

This blog continues the discussion, now investigating the risks of adopting AI and proposes measures for a safe and judicious response to adopting AI. Risk and limitations of AI The risk associated with the adoption of AI in insurance can be separated broadly into two categories—technological and usage.

Insurance 68

Insurance Risk Testing Data Quality 68

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 97

Risk IT Management Risk Management 97

Analytics Vidhya

DECEMBER 20, 2023

This comprehensive strategy mainly aims to measure and forecast potential risks associated with AI development. OpenAI, the renowned artificial intelligence research organization, has recently announced the adoption of its new preparedness framework.

Forecasting 336

Forecasting Measurement Strategy Risk 336

Smart Data Collective

JANUARY 4, 2023

Fortunately, big data and smart technology are helping hospitalists overcome these issues. Here are some fascinating ways data and smart technology are helping hospitalists. Big data and smart technology are helping hospitalists improve billing accuracy in many ways. First, this innovative technology reduces the risk of errors.

Technology 115

Technology Big Data Metrics Data-driven 115

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 100

Strategy IT Business Objectives Cost-Benefit 100

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. Conduct ESG assessments.

Risk Management 78

Risk Management Risk Management Metrics 78

CIO Business Intelligence

DECEMBER 18, 2023

Technology Solutions’ dominant model revolved around hardware products. While this model is not diminishing, new cloud-based software technologies are changing business needs and competitive realities are giving rise to alternative technology solutions business models. Outdated hardware also poses security risks.

Software 115

Software Technology Digital Transformation Data-driven 115

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? , Let’s dive into greater detail on the second lever – Manage Risk Better.

Insurance 69

Insurance Risk Technology Management 69

CIO Business Intelligence

OCTOBER 24, 2024

And it’s not just an employee perception issue, says Sriram Nagaswamy, executive vice president for technology at supply chain visibility platform vendor FourKites. AI projects without clear goals or measurable outcomes are unlikely to deliver real value. This trend is concerning,” he says. “AI

IT 138

IT Experimentation Measurement Risk 138

Smart Data Collective

AUGUST 30, 2022

The market for cloud technology is booming. Enterprise cloud technology applications are the future industry standard for corporations. Here’s how enterprises use cloud technologies to achieve a competitive advantage in their essential business applications. Companies spent over $405 billion on cloud services last year.

Technology 134

Technology Enterprise Cost-Benefit Testing 134

Cloudera

OCTOBER 20, 2021

As part of these efforts, disclosure requirements will mandate that firms provide “the impact of a company’s activities on the environment and society, as well as the business and financial risks faced by a company due to its sustainability exposures.” What are the key climate risk measurements and impacts? Generate Scenarios.

Risk 78

Risk Modeling Risk Management Measurement 78

Smart Data Collective

FEBRUARY 14, 2023

Businesses around the world spent over $545 billion on cloud technology last year. However, it is important to understand the benefits and risks associated with cloud computing before making the commitment. We published a post in the past on some of the companies that have benefited from cloud technology.

Risk 102

Risk Cost-Benefit Software Technology 102

IBM Big Data Hub

AUGUST 3, 2023

Organizations increasingly depend on their technology stack—which comprises the totality of their network interfaces, CPUs, virtual machines, operating system information and installed applications—to deliver consistent service to the end user. Certain applications that are resource-intensive can impact performance elsewhere.

Measurement 63

Measurement Metrics Risk Software 63

Smart Data Collective

FEBRUARY 23, 2023

Data mining technology is one of the most effective ways to do this. Predicting Customer Churn Data mining can be used to predict which customers are at risk of leaving a brand. This information can be used to take proactive measures to retain these customers and improve the brand’s customer retention rate.

Data mining 126

Data mining Optimization Technology Marketing 126

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. Is There Such a Thing as Unbiased AI? The hard truth is no.

Risk Management 52

Risk Management Risk Modeling Management 52