IBM Big Data Hub

OCTOBER 9, 2023

At the beginning of 2023, according to IBM Security’s “ Threat Intelligence Index ” report, healthcare was in the top 10 most-attacked industries on the planet. The “ Cost of a Data Breach 2023” report also uncovered that, since 2020, healthcare data breach costs have increased by 53.3%.

Risk Management 76

Risk Management Risk Management Measurement 76

O'Reilly on Data

JULY 15, 2019

A look at how guidelines from regulated industries can help shape your ML strategy. 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.

Machine Learning 48

Machine Learning Management Enterprise Risk Management 48

CIO Business Intelligence

JULY 23, 2024

For example, in the 2024 CISO Burnout Report , 80% of CISOs classify themselves as “ highly stressed ,” 63% say they receive little to no support managing their roles, and 50% report losing team members because of workplace stress. Now, add data, ML, and AI to the areas driving stress across the organization.

Risk 142

Risk IT Risk Management Cost-Benefit 142

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. The study of security in ML is a growing field—and a growing problem, as we documented in a recent Future of Privacy Forum report. [8]. Currency amounts reported in Taiwan dollars.

Machine Learning 275

Machine Learning Modeling Testing Risk Management 275

CIO Business Intelligence

MARCH 19, 2025

However, embedding ESG into an enterprise data strategy doesnt have to start as a C-suite directive. Limited representation of sustainability in CDO priorities A review of industry reports, surveys and conference agendas suggests that sustainability remains a niche topic within the data leadership community.

IT 59

IT Data Governance Data-driven Metrics 59

Jet Global

JANUARY 14, 2021

Financial reporting is fascinating, complicated, ever-evolving, and essential to the success of your organization. CFOs and the teams they lead must be adept at turning data into insightful financial reports , yet doing so becomes a bigger challenge and a greater obligation all the time. Financial Management. Description.

Reporting 90

Reporting Finance Cost-Benefit Consulting 90

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

IBM Big Data Hub

OCTOBER 23, 2023

71% of executives think it’s difficult to realize the full potential of a digital transformation without having a solid hybrid cloud strategy in place. [1] But what does such a strategy entail? There are three keys to developing a successful hybrid cloud risk management strategy : security, compliance and resiliency.

Risk 84

Risk Strategy Risk Management Digital Transformation 84

CIO Business Intelligence

FEBRUARY 20, 2025

Viole Kastrati: Without systematic and continuous reporting, it is almost impossible to get a complete picture of the personnel situation and make informed decisions based on it. Human resources must also contribute to transparent reporting requirements here. Subsequently, the reporting should be set up properly.

Big Data 84

Big Data Measurement Visualization Machine Learning 84

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

JULY 31, 2023

Just look at the stats:Some 45% of 2,500 executives polled for a May 2023 report from research firm Gartner said the publicity around ChatGPT prompted them to increase their AI investments, 70% said their organization is already exploring gen AI, and 19% are in actual pilot or production mode. Generative AI, IT Strategy

Strategy 98

Strategy Risk Enterprise Risk Management 98

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

MARCH 4, 2025

It outlines strategies to ensure operations continue, minimize disruption, and drive preventative measures and contingency plans. See also: How resilient CIOs future-proof to mitigate risks.) This diligence results in a decision matrix that balances investment, value, and risk. Stakeholder alignment: Who is responsible?

Testing 64

Testing Risk Consulting Risk Management 64

CIO Business Intelligence

DECEMBER 19, 2023

The analyst reports tell CIOs that generative AI should occupy the top slot on their digital transformation priorities in the coming year. Moreover, the CEOs and boards that CIOs report to don’t want to be left behind by generative AI, and many employees want to experiment with the latest generative AI capabilities in their workflows.

Digital Transformation 143

Digital Transformation Unstructured Data Machine Learning Risk Management 143

David Menninger's Analyst Perspectives

OCTOBER 15, 2024

The research finds the greatest inclination to spend is in sales performance management, which I interpret to mean that the participants see this area as having the highest potential to generate profit through gains in sales productivity and, therefore, increase revenue.

Cost-Benefit 204

Cost-Benefit Risk Forecasting Software 204

erwin

MARCH 12, 2020

It also highlights select enterprise architecture management suite (EAMS) vendors based on size and functionality, including erwin. The report notes six primary EA competencies in which we excel in the large vendor category: modeling, strategy translation, risk management, financial management, insights and change management.

Enterprise 85

Enterprise Reporting Management ROI 85

CIO Business Intelligence

DECEMBER 28, 2023

As a result, managing risks and ensuring compliance to rules and regulations along with the governing mechanisms that guide and guard the organization on its mission have morphed from siloed duties to a collective discipline called GRC. What is GRC? GRC is overarching. Why is GRC important?

Risk 115

Risk Risk Management Strategy Enterprise 115

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. Prasad, other tech execs, IT researchers, and market reports cite multiple areas of increasing IT involvement in cybersecurity-related projects. Foundry / CIO.com 3.

IT 142

IT Risk Management Machine Learning Risk 142

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. It seemed like data breaches were starting to decline, but Aimee O’Driscoll of Comparitech reports that trend has not persisted. Over 292 million people were impacted, which is 60% lower than in 2019.

Risk Management 114

Risk Management Key Performance Indicator Measurement Risk 114

IBM Big Data Hub

DECEMBER 8, 2023

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. Contingency plans should be in place if something drastic changes or risk events occur.

Risk 67

Risk Strategy Risk Management Insurance 67

Sisense

JANUARY 7, 2022

As businesses adapt to the pandemic and shift to new norms, risk mitigation strategies have become as normal and ubiquitous as having a fire escape in the office. Smarter, AI-driven learning and development initiatives will help mitigate risk in our rapidly evolving world. Minimising risk by ‘infusing’ AI.

Risk Management 52

Risk Management Risk Management Dashboards 52

CIO Business Intelligence

MAY 24, 2022

Deloitte estimates that compliance costs for banks have increased by 60% since the financial crisis of 2008, and the Risk Management Association found that 50% of financial institutions spend 6 to 10% of their revenues on compliance. Streamline regulatory reporting.

Risk 145

Risk Reporting Marketing Risk Management 145

CIO Business Intelligence

NOVEMBER 21, 2023

There are ample reasons why 77% of IT professionals are concerned about shadow IT, according to a report from Entrust. That’s where an IT strategy that frames shadow IT as an opportunity for improved collaboration can have a profound impact.

IT 137

IT Risk Cost-Benefit Data Science 137

CIO Business Intelligence

SEPTEMBER 14, 2023

Nasdaq is currently using gen AI for a range of applications, including supporting digital investigators’ efforts to identify financial crime risk and empowering corporate boards to consume presentations and disclosures more efficiently. The company, which reported net revenues of $3.6

Risk Management 116

Risk Management Risk Marketing Cost-Benefit 116

CIO Business Intelligence

JUNE 27, 2024

“For instance, to comply with the Generative AI Copyright Disclosure Act, organizations will need to allocate workforce and budget for tracking and reporting copyrighted content, ensuring transparency, and complying with the disclosure requirements,” said Dai. The situation could become even more complex for multinational companies.

Risk 128

Risk Measurement Risk Management Strategy 128

CIO Business Intelligence

NOVEMBER 23, 2022

Enterprise architecture definition Enterprise architecture (EA) is the practice of analyzing, designing, planning, and implementing enterprise analysis to successfully execute on business strategies. Another main priority with EA is agility and ensuring that your EA strategy has a strong focus on agility and agile adoption.

Enterprise 128

Enterprise Cost-Benefit Digital Transformation Strategy 128

AWS Big Data

FEBRUARY 1, 2024

The following are some of the key business use cases that highlight this need: Trade reporting – Since the global financial crisis of 2007–2008, regulators have increased their demands and scrutiny on regulatory reporting. You can run a direct query from QuickSight for BI reporting and dashboards.

Data Warehouse 134

Data Warehouse Dashboards Risk Management Risk 134

CIO Business Intelligence

JANUARY 11, 2024

Seventy-one percent of business leaders expect AI and ML to have a worldwide impact, according to the Workday C-Suite Global AI Indicator Report. Business leaders are excited about what AI and ML could do for their organizations—especially operational efficiency, better decision-making, and competitive advantage,” says the report.

Enterprise 128

Enterprise Uncertainty Reporting Risk Management 128

John Wheeler

DECEMBER 31, 2020

The following top 20 list (see figure below) represents the technologies and trends our clients deem most critical to their strategies for future success. As we look to 2021 and the anticipated global economic recovery , we see continued interest in topics related to emerging business risks, digital transformation and cybersecurity.

Technology 86

Technology Risk Management Digital Transformation Risk 86

DataRobot Blog

APRIL 29, 2022

The stakes in managing model risk are at an all-time high, but luckily automated machine learning provides an effective way to reduce these risks. However, after the financial crisis, financial regulators around the world stepped up to the challenge of reigning in model risk across the financial industry.

Risk 111

Risk Modeling IT Risk Management 111

IBM Big Data Hub

MAY 31, 2024

Governments can help manage and mitigate these risks by relying on IBM’s five fundamental properties for trustworthy AI: explainability, fairness, transparency, robustness and privacy. Governments can also create and execute AI design and deployment strategies that keep humans at the hearth of the decision-making process.

Cost-Benefit 98

Cost-Benefit Risk Risk Management Reporting 98

CIO Business Intelligence

SEPTEMBER 18, 2024

Once the company determines an incident is reportable, the board has an important role to play,” she says. How are we using technology to advance our strategies, products, and customer engagements? CIOs should step away from technical presentations and move to a risk management format,” says Ragland.

Risk 141

Risk Testing Strategy Risk Management 141

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. Still, at times, tailoring one’s strategy to fit a single provider has its benefits, he says.

Risk 131

Risk Cost-Benefit Strategy Risk Management 131

CIO Business Intelligence

SEPTEMBER 24, 2024

Chief data and analytics officers need to reinvent themselves in the age of AI or risk their responsibilities being assimilated by their organizations’ IT teams, according to a new Gartner report. Whoever takes the helm, the collaboration between CDO and CIO must be seamless to succeed.”

Data Governance 115

Data Governance Risk Management Risk Data Quality 115

Smart Data Collective

JUNE 19, 2022

Companies are using AI to better understand their customers, recognize ways to manage finances more efficiently and tackle other issues. Since AI has proven to be so valuable, an estimated 37% of companies report using it. AI is particularly helpful with managing risks.

Risk 144

Risk Cost-Benefit Risk Management Manufacturing 144

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. This blog post will provide an in-depth exploration of these strategies, equipping fund managers with the knowledge to boost their fund performance and investor confidence.

ROI 97

ROI Data Analytics Analytics Risk Management 97

datapine

MARCH 31, 2022

This all-encompassing branch of online data analysis is a particularly interesting field because its roots are firmly planted in two separate areas: business strategy and computer science. Problem-solving : BI isn’t just about analyzing data; it’s also about creating business strategies and solving real-world business problems with that data.

Business Intelligence 239

Business Intelligence Statistics Visualization Data-driven 239