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. Engaging the Workforce.

Big Data 144

Big Data Finance Risk Management Risk 144

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 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. Douglas Merrill, a partner at management consulting firm McKinsey & Co.,

Strategy 98

Strategy Risk Enterprise Risk Management 98

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 18, 2024

Another area ripe for board investigation is whether or not there’s been penetration testing or any other tests that mimic the actions of cyber criminals. Are those tests done regularly and how’s our performance? How are we using technology to advance our strategies, products, and customer engagements?

Risk 141

Risk Testing Strategy Risk Management 141

IBM Big Data Hub

MAY 28, 2024

While every data protection strategy is unique, below are several key components and best practices to consider when building one for your organization. What is a data protection strategy? Why it’s important for your security strategy Data powers much of the world economy—and unfortunately, cybercriminals know its value.

Strategy 81

Strategy Measurement Risk Cost-Benefit 81

O'Reilly on Data

JULY 15, 2019

A look at how guidelines from regulated industries can help shape your ML strategy. In recent posts, we described requisite foundational technologies needed to sustain machine learning practices within organizations, and specialized tools for model development, model governance, and model operations/testing/monitoring.

Machine Learning 38

Machine Learning Management Enterprise Risk Management 38

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. While each multicloud journey is unique, here are eight fundamental steps for creating a successful multicloud strategy: 1. What is multicloud architecture?

Strategy 91

Strategy Cost-Benefit Risk Optimization 91

CIO Business Intelligence

OCTOBER 15, 2024

Multicloud architectures, applications portfolios that span from mainframes to the cloud, board pressure to accelerate AI and digital outcomes — today’s CIOs face a range of challenges that can impact their DevOps strategies. CrowdStrike recently made the news about a failed deployment impacting 8.5

Enterprise 143

Enterprise Testing Business Objectives Experimentation 143

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

CIO Business Intelligence

AUGUST 6, 2024

Enhance incident response plans Regularly test and conduct drills: Incident response plans should be tested and updated regularly to address shortfalls discovered when walking through or testing scenarios. This knowledge can inform your own risk management and business continuity strategies.

Risk Management 111

Risk Management Risk Testing Finance 111

CIO Business Intelligence

APRIL 21, 2022

Combining Agile and DevOps with elements such as cloud, testing, security, risk management and compliance creates a modernized technology delivery approach that can help an organization achieve greater speed, reduced risk, and enhanced quality and experience. Associate Director, Digital Transformation & Strategy.

Digital Transformation 145

Digital Transformation Key Performance Indicator Risk Testing 145

CIO Business Intelligence

MARCH 15, 2023

Some of these components have professional teams that test and maintain them, releasing security patches as needed. The malware itself continues to evolve, as do the criminal strategies of the perpetrators. No list of strategies and techniques does the ransomware problem justice, as the bad guys continue to innovate.

Digital Transformation 126

Digital Transformation Risk Risk Management Strategy 126

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

CIO Business Intelligence

AUGUST 30, 2024

The HRIP certification exam is comprised of 90 multiple-choice questions to be completed within 120 minutes, and covers technology strategy, assessment, selection, implementation, operations, and upgrades, as well as HR and business processes.

Cost-Benefit 118

Cost-Benefit Risk Management Strategy Testing 118

CIO Business Intelligence

JULY 1, 2024

Real-time monitoring tools are essential, according to Luke Dash, CEO of risk management platform ISMS.online. It’s then important to regularly test and validate AI systems to help identify potential issues proactively.” Whistleblowing Raising the alarm about problems in AI systems also raises questions about employment law.

Reporting 129

Reporting Risk Management Experimentation Risk 129

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. This has CIOs moving from experimenting and testing intelligence in pockets to scaling up deployments and rolling out intelligence throughout their organizations.

IT 142

IT Risk Management Machine Learning Risk 142

CIO Business Intelligence

APRIL 23, 2024

If this is a popular phrase in your company’s executive suite, risk-taking is a phantom virtue. To stay out of harm’s way, charter a few harmless initiatives — ones that aren’t likely to succeed, will pass the cool test if, in the off chance, they do happen to succeed, but won’t do much damage if they fail.

Risk 116

Risk IT Insurance Risk Management 116

Smart Data Collective

OCTOBER 13, 2021

It also allows companies to experiment with new concepts and ideas in different ways without relying only on lab tests. Choose the right artificial intelligence tools such as System Innovation to help you manage innovation and confront the challenges of technological advancements. Endnote.

Technology 131

Technology Cost-Benefit Experimentation Machine Learning 131

CIO Business Intelligence

JANUARY 11, 2024

CIOs are under increasing pressure to deliver AI across their enterprises – a new reality that, despite the hype, requires pragmatic approaches to testing, deploying, and managing the technologies responsibly to help their organizations work faster and smarter. The top brass is paying close attention. Artificial Intelligence

Enterprise 128

Enterprise Uncertainty Reporting Risk Management 128

CIO Business Intelligence

JULY 25, 2024

But the outage has also raised questions about enterprise cloud strategies and resurfaced debate about overly privileged software , as IT leaders look for takeaways from the disastrous event. It also highlights the downsides of concentration risk. Still, we must.

Risk 144

Risk Cost-Benefit Strategy Enterprise 144

CIO Business Intelligence

SEPTEMBER 6, 2023

The value of addressing cybersecurity issues through ongoing discussions is getting corporate alignment on effective and robust strategies, says Roger Albrecht, co-lead of the cybersecurity unit at technology research and advisory firm ISG. Are our systems adequately modernized for security? Have we fostered a culture of security?

IT 142

IT ROI Risk Strategy 142

Smart Data Collective

OCTOBER 21, 2021

Acquiring the SASE expert certification course from Cato networks is a wonderful strategy to get your SASE skills recognized as a data security expert. The exam is a four-hour multiple-choice test. The exam is a multiple-choice test with a maximum of 90 questions and a time limit of 90 minutes.

Testing 131

Testing Big Data Risk Management Risk 131

CIO Business Intelligence

JUNE 8, 2023

There’s a strong need for workers with expertise in helping companies make sense of data, launch cloud strategies, build applications, and improve the overall user experience. Companies need qualified CTOs, CIOs, vice presidents, and directors who are focused on developing and overseeing the business’ overall technology strategy and goals.

IT 140

IT Digital Transformation Software Risk 140

CIO Business Intelligence

MARCH 12, 2024

Here are three strategies for getting it done. When this happens, corporate risk is heightened as preemptive projects get delayed — sometimes for indefinite periods of time. CIOs can change this thinking by incorporating preemptive projects like disaster recovery into their corporate risk management strategies.

ROI 122

ROI IT Manufacturing Metrics 122

CIO Business Intelligence

MAY 11, 2022

Asking the right questions to understand the business’ strategy and implementing architecture that supports the technology of the future is fundamental. Understanding business requirements, from technology recovery requirements to data loss tolerance, enables a dynamic technology strategy that morphs with the changing needs of the business.

Management 98

Management Insurance Testing Finance 98

CIO Business Intelligence

MARCH 5, 2024

CIOs must also partner with CISOs, legal, human resources, and business leaders to build awareness of policies and develop a generative AI risk management strategy. CIOs and IT leaders are at the center and must decide what copilots to test, who should receive access, and whether experiments are delivering business value.

Advertising 124

Advertising Cost-Benefit Experimentation Software 124

IBM Big Data Hub

FEBRUARY 13, 2024

Invest in data hygiene and collection strategies to keep your engine running smoothly. It also plays a significant role in identifying and fixing bugs in the code and to automate the testing of code; helping ensure the code works as intended and meets quality standards without requiring extensive manual testing.

Enterprise 118

Enterprise Testing Modeling Data-driven 118

CIO Business Intelligence

JUNE 25, 2024

The CIO so-what test Given Apple’s status as company with the world’s second-highest market capitalization and second-highest overall profitability it’s hard to be too critical. Such as: Wouldn’t some of this money be better spent improving the company’s infosec risk posture?

Risk 118

Risk Risk Management Statistics Management 118

CIO Business Intelligence

APRIL 5, 2024

Senate Bill 1047 , introduced in the California State Legislature in February, would require safety testing of AI products before they’re released, and would require AI developers to prevent others from creating derivative models of their products that are used to cause critical harms.

Risk 132

Risk Insurance Interactive Strategy 132

Cloudera

OCTOBER 20, 2021

Understanding a firm’s exposure to climate risk begins with creating scenarios and gaining better visibility to the impact of a variety of variables on the book of business. Stress testing was heavily scrutinized in the post 2008 financial crisis. A Partnership in Climate Risk Modelling. Assess Variables.

Risk 85

Risk Modeling Risk Management Measurement 85

CIO Business Intelligence

OCTOBER 17, 2022

From the point- of view of financial institutions, that elevation of risk has consequences across multiple aspects of their business, such as how they consume technology and how they transform their business by transitioning to new technologies like cloud computing. DORA also changes the regulatory perspective of ICT organizations.

Risk Management 105

Risk Management Risk Enterprise Insurance 105

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 7, 2023

Established risk management framework to evaluate the use cases and validate the controls to manage relevant risks Continuous authentication and authorization to maintain the principles of least privilege and context of user entitlement.

Risk Management 98

Risk Management Risk Testing Digital Transformation 98

CIO Business Intelligence

MAY 13, 2024

Corporate and IT strategy are one, and technology is the tool to deliver strategic objectives. The Conference Board’s C-Suite Outlook 2024 , which surveyed 1,200-plus global executives, found that investing in AI is a top strategy for enabling long-term revenue growth, innovation, and digital transformation.

IT 131

IT Digital Transformation ROI Strategy 131

CIO Business Intelligence

DECEMBER 7, 2023

In his current role as chief information and digital officer at WestRock, he’s responsible for developing and executing global information systems, technology, and cybersecurity strategy in addition to leading the company’s digital transformation. Space to take some risk and try new things has to be an expectation.

Testing 105

Testing Risk Marketing IoT 105

CIO Business Intelligence

OCTOBER 31, 2024

Here are four simple and immediate best practices to implement: Test and train employees : Regularly test employees with fake phishing emails to ensure they can recognize fraudulent activity. At the heart of the prevention strategy is collaboration between businesses and their banking partners.

Insurance 104

Insurance Testing Risk Management Consulting 104