CIO Business Intelligence

MARCH 3, 2025

In this issue, we explore the risks to both IT and the business from the use of AI. The goal of your risk management efforts should be to gain the most value from AI as a result.

Risk Management 84

Risk Management Risk Management Enterprise 84

CIO Business Intelligence

JANUARY 24, 2024

Gilbane is one of the largest privately-held real estate development and construction companies in the US. billion company has been family owned from its inception in 1870, with sixth-generation employees currently in the business.

Risk Management 118

Risk Management Risk Management Digital Transformation 118

CIO Business Intelligence

DECEMBER 18, 2024

This year saw emerging risks posed by AI , disastrous outages like the CrowdStrike incident , and surmounting software supply chain frailties , as well as the risk of cyberattacks and quantum computing breaking todays most advanced encryption algorithms. Of these, AI is at the top of many CIOs minds.

Risk 105

Risk Risk Management Cost-Benefit Measurement 105

Dataiku

DECEMBER 3, 2024

Every leader wants their organization to be innovative, and today’s tech landscape presents the perfect opportunity to focus on innovation.

Risk Management 40

Risk Management Risk Management Machine Learning 40

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 30, 2024

This challenge is particularly front and center in financial services with the arrival of new regulations and policies like the Digital Operational Resilience Act (DORA), which puts strict ICT risk management and security guidelines in place for firms in the European Union.

Enterprise 139

Enterprise Data Architecture Unstructured Data Insurance 139

CIO Business Intelligence

NOVEMBER 15, 2024

In addition, Wong noted, the 24 AI Safety and Security Board members, who represent a who’s who in AI, are probably not the best people to ask how to implement an AI risk management system. Hopefully, we will see this framework continue to evolve.”

Risk 119

Risk Risk Management Strategy Reporting 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

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

SEPTEMBER 10, 2024

Managing cybersecurity and other technology risks will be top of mind for CIOs in 2025 across Australia and New Zealand (ANZ), with 82% of 109 respondents saying it is a key priority for next year, according to Gartner.

Uncertainty 132

Uncertainty Risk Management Risk Management 132

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. While our analysis of each method may appear technical, we believe that understanding the tools available, and how to use them, is critical for all risk management teams.

Machine Learning 282

Machine Learning Modeling Testing Risk Management 282

CIO Business Intelligence

NOVEMBER 19, 2024

Their collaboration enables real-time delivery of insights for risk management, fraud detection, and customer personalization. Intel’s cloud-optimized hardware accelerates AI workloads, while SAS provides scalable, AI-driven solutions.

Analytics 97

Analytics Cost-Benefit Finance Data-driven 97

CIO Business Intelligence

APRIL 10, 2025

Energy use has become an important expense to monitor as well, along with more traditional IT costs and risk management. TBM has been particularly useful as MasterCard embraces virtualization, cloud-based resources, and AI, he adds. Its important for organizations to carefully monitor consumption and usage, Maddaloni says.

ROI 100

ROI Optimization Risk Management Forecasting 100

CIO Business Intelligence

JULY 23, 2024

Security and data governance is a growing challenge, and 61% of companies reported a third-party data breach or security incident, a 49% increase over the last year, according to The 2024 Third-Party Risk Management Study. “Be

Risk 142

Risk IT Risk Management Cost-Benefit 142

CIO Business Intelligence

JANUARY 6, 2025

These regulations mandate strong risk management and incident response frameworks to safeguard financial operations against escalating technological threats. DORA mandates explicit compliance measures, including resilience testing, incident reporting, and third-party risk management, with non-compliance resulting in severe penalties.

Risk Management 52

Risk Management Risk Insurance Reporting 52

CIO Business Intelligence

JANUARY 2, 2024

What CIOs need to do instead is to present IT infrastructure investment as an important corporate financial and risk management issue that the business can’t afford to ignore. From a financial and risk management standpoint, the building is a useless (and hazardous) asset that must be written off the books and remedied.

Risk 128

Risk IT Risk Management Sales 128

CIO Business Intelligence

SEPTEMBER 10, 2024

As a result, software supply chains and vendor risk management are becoming ever more vital (and frequent) conversations in the C-suite today, as companies seek to reduce their exposure to outages and the business continuity issues of key vendors their businesses depend on. “We We now are paying much more attention to it,” he says.

Risk Management 130

Risk Management Risk Enterprise Insurance 130

CIO Business Intelligence

MARCH 18, 2024

The regulation requires EU financial entities and their critical ICT providers to adopt comprehensive information and communications technology (ICT) risk management capabilities into their security processes. So, with no time to waste, where should they get started? Is your IT security infrastructure ready for future regulations?

Risk Management 120

Risk Management Insurance Risk Testing 120

CIO Business Intelligence

JANUARY 21, 2025

As the Global CISO at Synechron, a leading global digital transformation consulting firm, Aaron Momin is accountable and responsible for cyber risk management, information security, crisis management and business continuity planning.

Behavioral Analytics 122

Behavioral Analytics Data-driven Risk Insurance 122

CIO Business Intelligence

JANUARY 14, 2025

Similarly, modern architecture must enable: A/B testing of new features Canary releases for risk management Multiple service versions running simultaneously Hypothesis-driven development A key element of evolutionary architecture is the use of fitness functions automated checks that continuously validate architecture against desired qualities.

Enterprise 119

Enterprise Technology Metrics Measurement 119

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.”

Consulting 120

Consulting Risk Risk Management Marketing 120

CIO Business Intelligence

MAY 22, 2024

The Frontier commitments also enables “organizations to determine their own thresholds for risk,” which may not potentially be as effective as setting them at a higher level as another of these attempts to regulate AI safety — the EU AI Act — does, noted Maria Koskinen, AI Policy Manager at AI governance technology vendor Saidot.

Risk Management 122

Risk Management Risk Publishing Modeling 122

CIO Business Intelligence

JANUARY 14, 2025

Not all organizations are there yet, though: Data governance research from Lumenalta , which delivers custom digital solutions, found that only 33% of organizations have implemented proactive risk management strategies for AI governance. Am I engaging with the business to answer questions?

Strategy 141

Strategy ROI Experimentation Risk 141

CIO Business Intelligence

DECEMBER 10, 2024

To drive gen-AI top-line revenue impacts, CIOs should review their data governance priorities and consider proactive data governance and dataops practices that go beyond risk management objectives.

Sales 143

Sales Metrics Data-driven Unstructured Data 143

CIO Business Intelligence

NOVEMBER 4, 2024

Myrddin has also freed up teams to focus on risk management and strategic planning instead of getting slowed down by repetitive manual compliance checks.” “The ease-of-use has decreased the downtime that comes with manual reviews while improving response times as the AI learns.

Dashboards 115

Dashboards Risk Risk Management Data-driven 115

Smart Data Collective

MAY 4, 2023

As a result, third-party risk management (TPRM) has become a crucial aspect of enterprise risk management. Physical Security A comprehensive vendor security risk management strategy should also include physical security measures. Vendor security plays a pivotal role in third-party risk management.

Risk Management 113

Risk Management Key Performance Indicator Measurement Risk 113

CIO Business Intelligence

JUNE 6, 2024

The template, it said, covers common policy and governance functions and processes, including data management, risk management and procurement, “enabling enterprises to more readily integrate AI-specific guidance from the NIST AI Risk Management Framework ( RMF ) and ISO/IEC 42001.” The NIST framework, introduced early (..)

Risk Management 131

Risk Management Risk Data-driven Consulting 131

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. These executive lead risk or compliance departments with dedicated teams. What is GRC?

Risk 115

Risk Risk Management Strategy Enterprise 115

CIO Business Intelligence

APRIL 10, 2024

Cyber GRC software company Cypago has announced a new automation solution for artificial intelligence (AI) governance, risk management and compliance. This includes implementation of NIST AI RMF and ISO/IEC 42001, the newest AI security and governance frameworks.

Risk Management 119

Risk Management Cost-Benefit Risk Measurement 119

CIO Business Intelligence

OCTOBER 30, 2023

In addition, whereas resilience is a risk management strategy, adaptability is both a risk management and an innovation strategy. 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

FEBRUARY 21, 2025

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. There are multiple reports including one from a manager at BCC highlighting the discrepancies at the Council, way back in June 2023.

Reporting 90

Reporting Risk Testing Risk Management 90

CIO Business Intelligence

AUGUST 6, 2024

Vendor risk management Assess vendor capabilities: Regularly evaluate the risk management and disaster recovery capabilities of key vendors. This knowledge can inform your own risk management and business continuity strategies.

Risk Management 111

Risk Management Risk Testing Finance 111

CIO Business Intelligence

MAY 9, 2024

Equally important, a CAIO should have knowledge of risk management principles and regulatory compliance requirements related to AI. For Mark McCreary, CAIO, CSO, and partner at Fox Rothschild , a national law firm with approximately 1,000 attorneys, data management expertise is crucial.

Risk Management 138

Risk Management Cost-Benefit Risk Technology 138

CIO Business Intelligence

APRIL 23, 2024

When it comes to structural risks you can ignore them as well, but you can’t make them go away by doing so and will be blamed if they’re “realized” (the risk-management term for “becoming real”). Rationalizing the applications portfolio reduces the odds of these risks being realized. IT Leadership, Risk Management

Risk 116

Risk IT Insurance Risk Management 116