O'Reilly on Data

JANUARY 22, 2019

An exploration of three types of errors inherent in all financial models. At Hedged Capital , an AI-first financial trading and advisory firm, we use probabilistic models to trade the financial markets. All financial models are wrong. Clearly, a map will not be able to capture the richness of the terrain it models.

Modeling 204

Modeling Finance Uncertainty Data mining 204

bridgei2i

JUNE 2, 2020

Episode 7: The Impact of COVID-19 on Financial Services & Risk. Management. The Impact of COVID-19 on Financial Services & Risk Management. I collaborate with multiple stakeholders across many global companies enabling high impact business transformation strategies, and guiding them in their analytics journey.

Risk Management 128

Risk Management Risk Enterprise Management 128

CIO Business Intelligence

NOVEMBER 15, 2024

Industry asked for intervention Naveen Chhabra, principal analyst with Forrester, said, “while average enterprises may not directly benefit from it, this is going to be an important framework for those that are investing in AI models.” Hopefully, we will see this framework continue to evolve.”

Risk 119

Risk Risk Management Strategy Reporting 119

CIO Business Intelligence

JANUARY 24, 2024

“Our analytics capabilities identify potentially unsafe conditions so we can manage projects more safely and mitigate risks.” There’s also investment in robotics to automate data feeds into virtual models and business processes. Put your data strategy in business turns.

Risk Management 118

Risk Management Risk Management Digital Transformation 118

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 143

Sales Metrics Data-driven Unstructured Data 143

CIO Business Intelligence

NOVEMBER 19, 2024

Clearing business strategy hurdles Choosing the right technologies to meet an organization’s unique AI goals is usually not straightforward. Their collaboration enables real-time delivery of insights for risk management, fraud detection, and customer personalization.

Analytics 97

Analytics Cost-Benefit Finance Data-driven 97

DataRobot Blog

APRIL 29, 2022

With the big data revolution of recent years, predictive models are being rapidly integrated into more and more business processes. This provides a great amount of benefit, but it also exposes institutions to greater risk and consequent exposure to operational losses. What is a model?

Risk 111

Risk Modeling IT Risk Management 111

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

JULY 13, 2022

Metrics that create a narrative and show how the business compares to competitors, the wider industry, and globally against all businesses give a clear picture that allows board members to set strategy. The day continues with Doug Fisher, SVP and CSO at Lenovo , who will share his strategies for strong security leadership.

Strategy 124

Strategy Metrics Risk Risk Management 124

erwin

FEBRUARY 20, 2020

Enterprise architecture (EA) and business process (BP) modeling tools are evolving at a rapid pace. Regulatory Compliance Through Enterprise Architecture & Business Process Modeling Software. erwin helps model, manage and transform mission-critical value streams across industries, as well as identify sensitive information.

Enterprise 128

Enterprise Modeling Dashboards Visualization 128

CIO Business Intelligence

NOVEMBER 21, 2024

Importantly, where the EU AI Act identifies different risk levels, the PRC AI Law identifies eight specific scenarios and industries where a higher level of risk management is required for “critical AI.” The UAE provides a similar model to China, although less prescriptive regarding national security.

Consulting 120

Consulting Risk Risk Management Marketing 120

erwin

JULY 8, 2020

With the help of business process modeling (BPM) organizations can visualize processes and all the associated information identifying the areas ripe for innovation, improvement or reorganization. There’s a clear connection between business process modeling and digital transformation initiatives. BPM for Regulatory Compliance.

Slice and Dice 136

Slice and Dice Modeling Digital Transformation Visualization 136

bridgei2i

NOVEMBER 20, 2020

Episode 2: AI enabled Risk Management for FS powered by BRIDGEi2i Watchtower. AI enabled Risk Management for FS powered by BRIDGEi2i Watchtower. Today the Chief Risk Officers(CROs) struggle with the critical task of monitoring and assessing key risks in real time and firefight to mitigate any critical issues that arise.

Risk Management 92

Risk Management Risk Management Metrics 92

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 well-designed model combined with proper AI governance can help minimize unintended outcomes like AI bias.

Risk Management 52

Risk Management Risk Modeling Management 52

CIO Business Intelligence

JULY 23, 2024

CIOs facing a growing IT landscape of monitoring tools and alerts may want to investigate AIops solutions , which help centralize observability data and use machine learning to correlate the high volumes of systems alerts into a smaller number of manageable incidents. This holistic strategy ensures resilience and long-term success.”

Risk 142

Risk IT Risk Management Cost-Benefit 142

CIO Business Intelligence

MARCH 19, 2025

However, embedding ESG into an enterprise data strategy doesnt have to start as a C-suite directive. Developers, data architects and data engineers can initiate change at the grassroots level from integrating sustainability metrics into data models to ensuring ESG data integrity and fostering collaboration with sustainability teams.

IT 59

IT Data Governance Data-driven Metrics 59

Smart Data Collective

SEPTEMBER 17, 2020

Financial institutions such as banks have to adhere to such a practice, especially when laying the foundation for back-test trading strategies. There is significant competition in the industry, and emerging tactics and strategies must be accepted to survive the market competition. The Role of Big Data. Perks Associated with Big Data.

Big Data 145

Big Data Finance Risk Management Risk 145

CIO Business Intelligence

OCTOBER 30, 2023

Disruption has moved from the exception to the norm With disruption now a constant rather than one-off event, organizations must be able to quickly react to change with agility across all aspects of their operating models. The philosophy behind adaptive systems is more about innovation than risk management.

Digital Transformation 143

Digital Transformation Risk Management IoT Cost-Benefit 143

CIO Business Intelligence

MARCH 8, 2023

As organizations shape the contours of a secure edge-to-cloud strategy, it’s important to align with partners that prioritize both cybersecurity and risk management, with clear boundaries of shared responsibility. Outsourcing IT operations has become a smart business strategy. Include the enterprise risk management team.

Modeling 95

Modeling Risk Management Internet of Things Risk 95

CIO Business Intelligence

JULY 31, 2023

They note, too, that CIOs — being top technologists within their organizations — will be running point on those concerns as companies establish their gen AI strategies. Here’s a rundown of the top 20 issues shaping gen AI strategies today. How has, say, ChatGPT hit your business model?” This is an issue for CIOs.

Strategy 98

Strategy Risk Enterprise Risk Management 98

IBM Big Data Hub

MAY 28, 2024

Companies continue to create more attack surfaces with hybrid models, scattering critical data across cloud, third-party and on-premises locations, while threat actors constantly devise new and creative ways to exploit vulnerabilities. What is a data protection strategy? million, a 15 percent increase over three years.

Strategy 81

Strategy Measurement Risk Cost-Benefit 81

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. A multicloud is a cloud computing model that incorporates multiple cloud services from more than one of the major cloud service providers (CSPs)—e.g.,

Strategy 91

Strategy Cost-Benefit Risk Optimization 91

Cloudera

OCTOBER 20, 2021

Since then, a further update has been made to the BIS stress testing principles that continues to emphasize the importance of scenarios in better understanding risk. . When it comes to measuring climate risk, generating scenarios will be a critical tactic for financial institutions and asset managers. agent-based model (ABM) ?in

Risk 80

Risk Modeling Risk Management Measurement 80

CIO Business Intelligence

MARCH 19, 2025

These include improvements to operational efficiency (56%), bolstering risk management (53%), and elevating decision-making (51%). Of those top motivators, 85% of respondents said they were focused on business optimization, driven by a desire to boost operational efficiency or improve their risk management.

Analytics 52

Analytics Enterprise Risk Management Strategy 52

CIO Business Intelligence

MAY 9, 2024

They should lead the efforts to tie AI capabilities to data analytics and business process strategies and champion an AI-first mindset throughout the organization. And they must develop and upskill talent to ensure the workforce is well-versed in the innovation and risk associated with AI use.

Risk Management 138

Risk Management Cost-Benefit Risk Technology 138

CIO Business Intelligence

NOVEMBER 7, 2024

It covers essential topics like artificial intelligence, our use of data models, our approach to technical debt, and the modernization of legacy systems. Using a defensive and offensive strategy, we’ve taken decisive steps to ensure responsible innovation. We explore the essence of data and the intricacies of data engineering.

Insurance 120

Insurance Experimentation Testing Technology 120

CIO Business Intelligence

DECEMBER 19, 2023

This year’s technology darling and other machine learning investments have already impacted digital transformation strategies in 2023 , and boards will expect CIOs to update their AI transformation strategies frequently. Luckily, many are expanding budgets to do so. “94%

Digital Transformation 143

Digital Transformation Unstructured Data Machine Learning Risk Management 143

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 97

ROI Data Analytics Analytics Risk Management 97

CIO Business Intelligence

JUNE 27, 2024

The issue has become a concern for builders of generative AI models and the enterprises that use them, as some data sets used in AI training have legally and ethically uncertain origins. Dai suggested that AI security and governance leaders should align with business strategy and develop comprehensive risk mitigation frameworks.

Risk 128

Risk Measurement Risk Management Strategy 128

CIO Business Intelligence

NOVEMBER 21, 2023

After all, 41% of employees acquire, modify, or create technology outside of IT’s visibility , and 52% of respondents to EY’s Global Third-Party Risk Management Survey had an outage — and 38% reported a data breach — caused by third parties over the past two years.

IT 137

IT Risk Cost-Benefit Data Science 137

CIO Business Intelligence

JULY 1, 2024

Notable examples of AI safety incidents include: Trading algorithms causing market “flash crashes” ; Facial recognition systems leading to wrongful arrests ; Autonomous vehicle accidents ; AI models providing harmful or misleading information through social media channels.

Reporting 129

Reporting Risk Management Experimentation Risk 129

CIO Business Intelligence

AUGUST 25, 2022

As organizations shape the contours of a secure edge-to-cloud strategy, it’s important to align with partners that prioritize both cybersecurity and risk management, with clear boundaries of shared responsibility. Outsourcing IT operations has become a smart business strategy. Include the enterprise risk management team.

Risk Management 116

Risk Management Internet of Things Risk IoT 116

CIO Business Intelligence

DECEMBER 9, 2024

The transformative impact of artificial intelligence (AI)and, in particular, generative AI (GenAI)emerged as a defining theme at the CSO Conference & Awards 2024: Cyber Risk Management. Zero Trust strategies, long viewed as a cornerstone of modern cybersecurity, must now evolve to accommodate AIs rapid advancements.

Cost-Benefit 64

Cost-Benefit Risk Risk Management Predictive Analytics 64

CIO Business Intelligence

MAY 20, 2024

The CIO position has morphed since its inception 40 years ago, shifting from a nuts-and-bolts techie job to an increasingly business- and strategy-focused executive role. IT projects also include deployment of AI-powered security solutions and other technologies that support a zero-trust security model. Risk management came in at No.

IT 142

IT Risk Management Machine Learning Risk 142

CIO Business Intelligence

MAY 13, 2024

IBM is betting big on its toolkit for monitoring generative AI and machine learning models, dubbed watsonx.governance , to take on rivals and position the offering as a top AI governance product, according to a senior executive at IBM. watsonx.governance is a toolkit for governing generative AI and machine learning models.

Machine Learning 122

Machine Learning Risk Enterprise Modeling 122

erwin

JULY 12, 2019

So it’s important to understand how to use strategic data governance to manage the complexity of regulatory compliance and other business objectives … Designing and Operationalizing Regulatory Compliance Strategy. How erwin Can Help.

Data Governance 110

Data Governance Management Metadata Risk Management 110

CIO Business Intelligence

OCTOBER 3, 2024

Rather than pull away from big iron in the AI era, Big Blue is leaning into it, with plans in 2025 to release its next-generation Z mainframe , with a Telum II processor and Spyre AI Accelerator Card, positioned to run large language models (LLMs) and machine learning models for fraud detection and other use cases.

Machine Learning 140

Machine Learning Experimentation Insurance Modeling 140