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

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 38

Machine Learning Management Enterprise Risk Management 38

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 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

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

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

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

JULY 22, 2024

Enhanced risk management practices The incident has highlighted the need for improved risk management practices. By implementing robust risk management practices, enhancing security measures, and diversifying cloud solutions, organizations can better protect themselves against future disruptions.

Strategy 143

Strategy Testing Risk Management Risk 143

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

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

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

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

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 196

Machine Learning Modeling Testing Risk Management 196

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

AWS Big Data

FEBRUARY 1, 2024

Amazon Redshift features like streaming ingestion, Amazon Aurora zero-ETL integration , and data sharing with AWS Data Exchange enable near-real-time processing for trade reporting, risk management, and trade optimization. Apart from generating regulatory reports, these teams require visibility into the health of the reporting systems.

Data Warehouse 134

Data Warehouse Dashboards Risk Management Risk 134

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 Risk Cost-Benefit Technology 138

CIO Business Intelligence

JUNE 23, 2023

The importance of efficiency, optimization, and risk reduction When asked how they measure success within their organizations, respondents noted increased efficiency (71%), optimized resources (67%), and reduced risk (63%). Risk Management: Risk management is a critical focus for technology professionals.

IT 98

IT Risk Management Risk Optimization 98

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.

Experimentation 145

Experimentation Forecasting Data-driven Machine Learning 145

CIO Business Intelligence

MAY 20, 2024

Data privacy, compliance, and risk management Similarly, CIOs foresee themselves becoming more deeply involved in three areas closely related to cybersecurity: data privacy, compliance, and risk management. Risk management came in at No. Foundry / CIO.com 3. For Rev.io

IT 142

IT Risk Management Machine Learning Risk 142

CIO Business Intelligence

JANUARY 12, 2024

In terms of the workforce required, Lukic said companies should be looking to hire data managers, data engineers, and legal and risk management staff with specific knowledge of generative AI, though this can be easier said than done. There’s very few legal folks who have expertise in this area,” he noted.

Risk Management 132

Risk Management Consulting Reporting Risk 132

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

CIO Business Intelligence

JULY 1, 2024

Captain’s log To effectively record and manage AI incidents, enterprises could implement a comprehensive incident logging system to document all AI-related issues, including unexpected behaviours, errors, biases, or security breaches. It’s then important to regularly test and validate AI systems to help identify potential issues proactively.”

Reporting 129

Reporting Risk Management Experimentation Risk 129

CIO Business Intelligence

SEPTEMBER 14, 2023

Peterson also worked closely with the founders of Databricks and has been on the cutting edge of AI, natural language processing, and Apache Spark, an open-source analytics engine that Nasdaq has used to develop risk management applications.

Risk Management 116

Risk Management Risk Marketing Cost-Benefit 116

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. Include the enterprise risk management team.

Risk Management 116

Risk Management Internet of Things Risk IoT 116

CIO Business Intelligence

JULY 26, 2023

While implementing effective strategies that harness automation and security technology remain critical, the most successful organizations tackle complex security challenges by involving different organizational disciplines in the risk-management problem statement. involved in the risk management process.

Enterprise 98

Enterprise Risk Management Risk Manufacturing 98

Cloudera

APRIL 18, 2024

In the financial sector, regulations are essential for financial institutions to maintain stability by preventing excessive risk-taking, ensuring adequate capitalization and reducing the likelihood of failures or financial crises.

Risk Management 82

Risk Management Risk Testing Management 82

CIO Business Intelligence

SEPTEMBER 20, 2023

Risk Management: CISOs must assess and manage the risks posed by new technologies and changing threat landscapes. Employee Awareness: Effective employee training and awareness is critical in ensuring that staff are not unwittingly exposing the organization to cyber risks.

Digital Transformation 111

Digital Transformation Risk Management Risk Machine Learning 111

CIO Business Intelligence

APRIL 7, 2022

It’s Hobson’s choice: risk being knocked out of business with a single punch vs. risking a slow but just as lethal outcome from loss of customers, marketshare, and mindshare. Add to the challenge this risk-management maxim: Successful prevention is indistinguishable from absence of risk. Here’s one more option.

Risk Management 122

Risk Management Risk Cost-Benefit Management 122

Smart Data Collective

JUNE 19, 2022

Undoubtedly, the best way to mitigate the risks associated with suppliers is with a robust supplier risk management system.

Risk 138

Risk Cost-Benefit Risk Management Manufacturing 138

CIO Business Intelligence

OCTOBER 1, 2024

They will oversee four working groups, each focusing on different aspects of AI governance — transparency and copyright, risk identification and assessment, technical risk mitigation, and internal risk management for general-purpose AI providers.

Risk 136

Risk Risk Management Interactive Enterprise 136

Cloudera

FEBRUARY 15, 2024

From stringent data protection measures to complex risk management protocols, institutions must not only adapt to regulatory shifts but also proactively anticipate emerging requirements, as well as predict negative outcomes. This results in enhanced efficiency in compliance processes.

Insurance 93

Insurance Data Architecture Risk Management Risk 93

Cloudera

MAY 30, 2024

In this context, Cloudera and TAI Solutions have partnered to help financial services customers accelerate their data-driven transformation, improve customer centricity, ensure compliance with regulations, enhance risk management, and drive innovation.

Data Analytics 86

Data Analytics Risk Management Digital Transformation Analytics 86

CIO Business Intelligence

JUNE 25, 2024

Risk management: identifying major risk areas with an aim of prevention (reducing the odds) or mitigation (reducing the damage). Operating costs: how it will reduce the incremental cost of producing a product or service, along with the amortized fixed costs of running the business.

Risk 118

Risk Risk Management Statistics Management 118