CIO Business Intelligence

JULY 23, 2024

Call it survival instincts: Risks that can disrupt an organization from staying true to its mission and accomplishing its goals must constantly be surfaced, assessed, and either mitigated or managed. While security risks are daunting, therapists remind us to avoid overly stressing out in areas outside our control.

Risk 142

Risk IT Risk Management Cost-Benefit 142

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

JANUARY 21, 2025

CIOs feeling the pressure will likely seek more pragmatic AI applications, platform simplifications, and risk management practices that have short-term benefits while becoming force multipliers to longer-term financial returns. CIOs should consider placing these five AI bets in 2025.

Cost-Benefit 142

Cost-Benefit Data-driven Strategy Marketing 142

Cloudera

JULY 15, 2021

We recently hosted a roundtable focused on o ptimizing risk and exposure management with data insights. For financial institutions and insurers, risk and exposure management has always been a fundamental tenet of the business. Now, risk management has become exponentially complicated in multiple dimensions. .

Risk 100

Risk Optimization Management Insurance 100

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.

Machine Learning 52

Machine Learning Management Enterprise Risk Management 52

CIO Business Intelligence

OCTOBER 9, 2024

“And there are dangers of moving too fast,” including bad PR, compliance or cybersecurity risks, legal liability, or even class-action lawsuits. Even if a gen AI failure doesn’t rise to the level of major public embarrassment or lawsuits, it can still depress a company’s risk appetite , rendering it hesitant to launch more AI projects.

Risk 137

Risk Risk Management Technology Marketing 137

CIO Business Intelligence

MARCH 19, 2025

There are risks around hallucinations and bias, says Arnab Chakraborty, chief responsible AI officer at Accenture. Mitre has also tested dozens of commercial AI models in a secure Mitre-managed cloud environment with AWS Bedrock. And EY uses AI agents in its third-party risk management service.

Software 143

Software Risk Enterprise Cost-Benefit 143

Smart Data Collective

FEBRUARY 28, 2023

One of the most important changes pertains to risk parity management. We are going to provide some insights on the benefits of using machine learning for risk parity analysis. However, before we get started, we will provide an overview of the concept of risk parity. What is risk parity? What is risk parity?

Machine Learning 117

Machine Learning Risk Cost-Benefit Marketing 117

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.

Risk 115

Risk Risk Management Strategy Enterprise 115

CIO Business Intelligence

NOVEMBER 19, 2024

Controlling public cloud costs can also be problematic due to lack of visibility into cloud usage patterns, inadequate governance and cost management policies, the complexity of cloud pricing models, and insufficient monitoring of resource use.

Analytics 97

Analytics Cost-Benefit Finance Data-driven 97

CIO Business Intelligence

DECEMBER 14, 2023

As CIOs seek to achieve economies of scale in the cloud, a risk inherent in many of their strategies is taking on greater importance of late: consolidating on too few if not just a single major cloud vendor. This is the kind of risk that may increasingly keep CIOs up at night in the year ahead.

Risk 131

Risk Cost-Benefit Strategy Risk Management 131

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.

Risk 126

Risk Management Measurement Optimization 126

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 85

Data Architecture Risk Management Risk Management 85

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 98

Risk IT Management Risk Management 98

bridgei2i

SEPTEMBER 24, 2020

From supply chain optimization to automating recurring tasks, using chatbots and personalizing suggestions for improved customer service, and making the most of business intelligence for better decision making, AI is the go-to choice for most businesses, irrespective of the industry. However, risk management is no way lagging.

Risk Management 52

Risk Management Risk Enterprise Management 52

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.

Marketing 110

Marketing Risk Management Risk Digital Transformation 110

David Menninger's Analyst Perspectives

OCTOBER 15, 2024

Waiting too long to start means risking having to play catch-up. AI-enabling on-premises software is preferable where there is some combination of incurring less disruption to operations, faster time to value, lower risk of failure and lower total cost of ownership relative to migrating to the cloud.

Cost-Benefit 204

Cost-Benefit Risk Forecasting Software 204

Cloudera

FEBRUARY 4, 2021

Financial services institutions need the ability to analyze and act on massive volumes of data from diverse sources in order to monitor, model, and manage risk across the enterprise. They need a comprehensive data and analytics platform to model risk exposures on-demand. Cloudera is that platform. End-to-end Data Lifecycle.

Risk 88

Risk Marketing Technology Management 88

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. This means a majority of respondents rated their DR/resiliency as either managed (4) or optimized (5) very good ratings. Prioritizing investments: Where and how much?

Testing 64

Testing Risk Consulting Risk Management 64

Smart Data Collective

SEPTEMBER 17, 2020

Financial and banking industries worldwide are now exploring new and intriguing techniques through which they can smoothly incorporate big data analytics in their systems for optimal results. Here are a few of the advantages of Big Data in the banking and financial industry: Improvement in risk management operations.

Big Data 145

Big Data Finance Risk Management Risk 145

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.

Risk 99

Risk Marketing Risk Management Data-driven 99

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? They need to understand;

Risk 80

Risk Modeling Risk Management Measurement 80

CIO Business Intelligence

MARCH 19, 2025

If sustainability-related data projects fail to demonstrate a clear financial impact, they risk being deprioritized in favor of more immediate business concerns. Insufficient resource allocation for ESG data initiatives Managing sustainability data requires robust governance, analytics capabilities and cross-functional collaboration.

IT 59

IT Data Governance Data-driven Metrics 59

CIO Business Intelligence

DECEMBER 14, 2023

The timing for these advancements is optimal as the industry grapples with skilled labor shortages, supply chain challenges, and a highly competitive global marketplace. Process optimization In manufacturing, process optimization that maximizes quality, efficiency, and cost-savings is an ever-present goal.

Manufacturing 143

Manufacturing Cost-Benefit Unstructured Data Optimization 143

John Wheeler

OCTOBER 21, 2019

Over the past month, I’ve been speaking to various groups to help them prepare for the onslaught of digital risks in their organizations. A common theme is the need for greater risk quantification beyond the realm of traditional, qualitative governance, risk and compliance (GRC) approaches.

Risk 53

Risk Risk Management Digital Transformation Insurance 53

CIO Business Intelligence

JUNE 23, 2023

Respondents were asked about their current IT stressors, their approach to modernizing their IT infrastructure, and how they plan to become more efficient and optimized in the years ahead. It helps reduce risk, increase efficiency, optimize resources, and improve both the customer and employee experience.

IT 98

IT Risk Management Risk Optimization 98

CIO Business Intelligence

FEBRUARY 20, 2025

Most use master data to make daily processes more efficient and to optimize the use of existing resources. Solid reporting provides transparent, consistent and combined HR metrics essential for strategic planning, risk management and the management of HR measures.

Big Data 84

Big Data Measurement Visualization Machine Learning 84

CIO Business Intelligence

OCTOBER 30, 2023

Whereas an adaptive system restructures or reconfigures itself to best operate in and optimize for the ambient conditions, a resilient system often simply has to restore or maintain an existing steady state. In addition, whereas resilience is a risk management strategy, adaptability is both a risk management and an innovation strategy.

Digital Transformation 143

Digital Transformation Risk Management IoT Cost-Benefit 143

Smart Data Collective

AUGUST 2, 2019

The benefits of AI in ecommerce include enhancing products, optimizing processes, identifying new markets and more. Now, a new benefit of AI is joining the list: avoiding the risk of website accessibility lawsuits. The post AI Advances Minimize Risk of Site Accessibility Lawsuits in eCommerce appeared first on SmartData Collective.

Risk 93

Risk Machine Learning Sales Visualization 93

Smart Data Collective

JULY 16, 2023

According to a report by Dataversity , a growing number of hedge funds are utilizing data analytics to optimize their rick profiles and increase their ROI. The Imperative of Risk Mitigation A crucial element in the world of financial investments is effective hedge fund management.

ROI 97

ROI Data Analytics Analytics Risk Management 97

CIO Business Intelligence

MAY 9, 2024

At a high level, a CAIO will need to understand the business well enough to identify where AI can make an impact, whether through new value streams or optimization, Daly says. Companies want candidates who can drive innovation, deliver meaningful business results, and work closely with other leaders to manage risks.

Risk Management 138

Risk Management Cost-Benefit Risk Technology 138

DataRobot Blog

DECEMBER 6, 2022

Taking a Multi-Tiered Approach to Model Risk Management. Understand why organizations need a three-pronged approach to mitigating risk among multiple dimensions of the AI lifecycle and what model risk management means to today’s AI-driven companies. Read the blog. MLOps Helps Mitigate the Unforeseen in AI Projects.

Experimentation 145

Experimentation Forecasting Data-driven Machine Learning 145

AWS Big Data

FEBRUARY 1, 2024

Trade quality and optimization – In order to monitor and optimize trade quality, you need to continually evaluate market characteristics such as volume, direction, market depth, fill rate, and other benchmarks related to the completion of trades. The query to generate this chart has similar performance metrics as the preceding chart.

Data Warehouse 134

Data Warehouse Dashboards Risk Management Risk 134

DataRobot Blog

MAY 10, 2022

Addressing the Key Mandates of a Modern Model Risk Management Framework (MRM) When Leveraging Machine Learning . The regulatory guidance presented in these documents laid the foundation for evaluating and managing model risk for financial institutions across the United States.

Risk 64

Risk Modeling Machine Learning Data Quality 64

CIO Business Intelligence

MAY 21, 2024

It will serve as the “nerve center” of an enterprise’s IT operation, the company said, adding that the offering will generate insights across an enterprise’s folio of applications to help reduce risk and compliance processes.

Enterprise 110

Enterprise Management Data Lake Risk 110

Smart Data Collective

SEPTEMBER 28, 2021

Moreover, with the help of an AI development company , businesses can avoid unforeseen downtime, increase operational productivity, develop new services and products, and boost risk control. There are IoT solutions that can assist them in collecting data and performing analytics for inventory management. l Improved Risk Management.

IoT 145

IoT Internet of Things Cost-Benefit Consulting 145

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