Smart Data Collective

AUGUST 30, 2023

Cloud technology has been instrumental in the software development sector. This is one of the many examples of how cloud technology has benefited enterprises. There are a number of ways that cloud technology is changing the software development sector is by making it easier for PSA software to reach the market.

Software 107

Software Technology Consulting Forecasting 107

IBM Big Data Hub

FEBRUARY 28, 2024

Successful strategic sourcing often results in process optimization, cost management, customer satisfaction, risk management , increased sustainability and other benefits. Blockchain technology ensures that it’s stored, accessed and shared quickly, accurately and transparently.

Strategy 94

Strategy Technology Cost-Benefit Risk Management 94

Smart Data Collective

OCTOBER 26, 2023

AI technology is helping with cybersecurity in a myriad of ways. The proliferation of cybersecurity firms reflects the increasing sophistication of cyber threats in today’s technology-driven society. Subjects such as incident response, risk management, access control, and cryptography fall under this category.

Technology 107

Technology Risk Measurement IoT 107

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

As companies use machine learning (ML) and AI technologies across a broader suite of products and services, it’s clear that new tools, best practices, and new organizational structures will be needed. Financial services firms have a rich tradition of being early adopters of many new technologies, and AI is no exception: Figure 1.

Machine Learning 38

Machine Learning Management Enterprise Risk Management 38

CIO Business Intelligence

NOVEMBER 11, 2024

In today’s fast-paced digital environment, enterprises increasingly leverage AI and analytics to strengthen their risk management strategies. A recent panel on the role of AI and analytics in risk management explored this transformational technology, focusing on how organizations can harness these tools for a more resilient future.

Risk Management 59

Risk Management Risk Management Data-driven 59

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 23, 2024

But devsecops roles are also stressful when teams feel pressure to deliver capabilities, resolve defects, and keep up with the latest technologies. The risks of burnout mount because of higher business expectations of delivering new technology capabilities, leading change management activities , and ensuring systems are operational.

Risk 142

Risk IT Risk Management Cost-Benefit 142

CIO Business Intelligence

MARCH 18, 2024

Every business in some form or another is looking to adopt and integrate emerging technologies—whether that’s artificial intelligence, hybrid cloud architectures, or advanced data analytics—to help achieve a competitive edge and reach key operational goals. We’re at a critical time for digital transformation.

Risk Management 120

Risk Management Insurance Risk Testing 120

David Menninger's Analyst Perspectives

OCTOBER 15, 2024

Almost always, it takes time for organizations to absorb new technology, so earlier adopters can exploit the benefit of having addressed the people and process challenges sooner and gain a competitive advantage, greater profitability, access to talent and other benefits. Waiting too long to start means risking having to play catch-up.

Cost-Benefit 204

Cost-Benefit Risk Forecasting Software 204

CIO Business Intelligence

MAY 22, 2024

Sixteen big users and creators of artificial intelligence (AI) technology — including heavy hitters such as Microsoft, Amazon, Google, Meta, and OpenAI — have signed up to the Frontier AI Safety Commitments, a new set of safety guidelines and development outcomes for the technology.

Risk Management 122

Risk Management Risk Publishing Modeling 122

CIO Business Intelligence

MAY 9, 2024

To date, many of these positions are with technology vendors or at government entities in the wake of recent AI mandates. That includes IT, to align AI technologies with existing infrastructure; HR, on workforce development; finance, to understand funding and new business cost models; and legal and compliance, to ensure responsible use of AI.

Risk Management 138

Risk Management Risk Cost-Benefit Technology 138

CIO Business Intelligence

DECEMBER 28, 2023

But those tasks have become increasingly critical to organizational success in the modern era, as the number of laws, the complexity of doing business, the types of risks, and the use of technology have exploded in recent decades. Best practices, framework and technology have been developed to support this work.

Risk 115

Risk Risk Management Strategy Enterprise 115

CIO Business Intelligence

OCTOBER 30, 2023

Under the aegis of digital transformation, IT initiatives have become more customer-centric, with a greater emphasis on people, not technology — all in an effort to redefine how the organization operates and to ensure it can keep up with the pace of change, capable of dealing with challenges and taking advantage of opportunities as they arise.

Digital Transformation 143

Digital Transformation Risk Management IoT Cost-Benefit 143

CIO Business Intelligence

JANUARY 12, 2024

Overwhelming majorities of executives around the world are planning to spend money on generative AI this year, but very few are truly ready for the technology, according to a survey released today by the Boston Consulting Group. It’s just a wonderful catalyst to put the AI topics on the table,” he said. “It Generative AI

Risk Management 132

Risk Management Consulting Reporting Risk 132

CIO Business Intelligence

MAY 20, 2024

Although AI, machine learning, and generative AI — the more recent entrant in the space — are not new, they are becoming more mature, mainstream technologies. Those projects include implementing cloud-based security, anti-ransomware, and user behavior analytics tools, as well as various authentication technologies. Foundry / CIO.com 3.

IT 142

IT Risk Management Machine Learning Risk 142

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. Learn more about IDC’s research for technology leaders.

Risk Management 111

Risk Management Risk Testing Finance 111

Smart Data Collective

SEPTEMBER 17, 2020

Here are a few of the advantages of Big Data in the banking and financial industry: Improvement in risk management operations. Big Data can efficiently enhance the ways firms utilize predictive models in the risk management discipline. Big Data provides financial and banking organizations with better risk coverage.

Big Data 144

Big Data Finance Risk Management Risk 144

CIO Business Intelligence

JULY 22, 2024

This will undoubtedly raise questions and concerns from executives about how to ensure the reliability of enterprise systems, especially with technology as integrated into day-to-day operations as cybersecurity software.” Enhanced risk management practices The incident has highlighted the need for improved risk management practices.

Strategy 143

Strategy Testing Risk Management Risk 143

CIO Business Intelligence

JUNE 6, 2024

ISO/IEC 42001, meanwhile, specifies the International Organization for Standardization’s requirements for establishing, implementing, maintaining and continually improving an Artificial Intelligence Management System (AIMS) within organizations. “AI AI technology adoption is already widespread,” RAI Institute said.

Risk Management 131

Risk Management Risk Data-driven Consulting 131

CIO Business Intelligence

SEPTEMBER 14, 2023

Generative AI represents the next generation of this technology, and we are currently working on several ways we can effectively leverage it — both in our products and in our business.” As exchanges were modernizing, they looked at the cost benefit and realized it was better to buy Nasdaq’s technology,” Peterson says.

Risk Management 116

Risk Management Risk Marketing Cost-Benefit 116

Smart Data Collective

JUNE 19, 2022

AI is particularly helpful with managing risks. How AI Can Help Suppliers Manage Risks Better. AI technology has been helpful for businesses in different industries for years. The benefits of AI stem from the need to manage close relationships with business stakeholders, which is a difficult task.

Risk 140

Risk Cost-Benefit Risk Management Manufacturing 140

CIO Business Intelligence

JULY 1, 2024

Shortcomings in incident reporting are leaving a dangerous gap in the regulation of AI technologies. The UK government’s Department for Science, Innovation & Technology (DSIT) lacks a central, up-to-date picture of incidents involving AI systems as they emerge, according to CLTR.

Reporting 129

Reporting Risk Management Experimentation Risk 129

CIO Business Intelligence

JUNE 23, 2023

Determining the right mix of technologies and methodologies to support an entire organization can be overwhelming – and can keep IT leaders up at night. A hybrid cloud approach allows technology professionals to leverage the best of both worlds. Risk Management: Risk management is a critical focus for technology professionals.

IT 98

IT Risk Management Risk Optimization 98

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

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

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

Smart Data Collective

NOVEMBER 19, 2021

Blockchain technology has been a breakthrough technology that has had a huge impact on our lives. For some individuals, it’s the currency of the future, pushing many people to invest in coins, tokens, and blockchain technology. Blockchain has been a saving grace for investors concerned about risk management.

Risk 131

Risk Risk Management Metrics Marketing 131

CIO Business Intelligence

SEPTEMBER 17, 2024

Moreover, undertaking digital transformation and technology modernization programs without an architect can lead to delays, technical debt , higher costs, and security vulnerabilities. On the one hand, enterprise architects play a key role in selecting platforms, developing technical capabilities, and driving standards.

Enterprise 145

Enterprise Digital Transformation Cost-Benefit Risk 145

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. I wrote in Driving Digital , “Digital transformation is not just about technology and its implementation.

Digital Transformation 143

Digital Transformation Unstructured Data Machine Learning Risk Management 143

CIO Business Intelligence

NOVEMBER 21, 2024

Technology has shifted from a back-office function to a core enabler of business growth, innovation, and competitive advantage. Senior business leaders and CIOs must navigate a complex web of competing priorities, such as managing stakeholder expectations, accelerating technological innovation, and maintaining operational efficiency.

Strategy 122

Strategy IT Business Objectives Cost-Benefit 122

CIO Business Intelligence

NOVEMBER 21, 2023

Ask IT leaders about their challenges with shadow IT, and most will cite the kinds of security, operational, and integration risks that give shadow IT its bad rep. That’s not to downplay the inherent risks of shadow IT. Following are seven steps to guide this transformation for competitive advantage.

IT 137

IT Risk Cost-Benefit Risk Management 137

CIO Business Intelligence

SEPTEMBER 18, 2024

Knowledge is power As is often the case with boards and technology, there are some common causes for a gap in understanding. Boards shouldn’t limit their addition of technology expertise to security,” says Ragland. How are we using technology to advance our strategies, products, and customer engagements?

Risk 141

Risk Testing Strategy Risk Management 141

CIO Business Intelligence

OCTOBER 30, 2024

To overcome those challenges and successfully scale AI enterprise-wide, organizations must create a modern data architecture leveraging a mix of technologies, capabilities, and approaches including data lakehouses, data fabric, and data mesh.

Enterprise 139

Enterprise Data Architecture Unstructured Data Insurance 139

Smart Data Collective

SEPTEMBER 28, 2021

In today’s modern era, AI and IoT are technologies poised to impact every part of the industry and society radically. Because most businesses devote their primary efforts to developing their brand, software applications, or network, new technologies are apt to transform how they operate. l Improved Risk Management.

IoT 140

IoT Internet of Things Cost-Benefit Consulting 140

CIO Business Intelligence

DECEMBER 6, 2024

Bank holding company Ally Financial is determined to stay at the cutting edge of technology in the financial industry. Muthukrishnan notes that after seeing the rise of LLMs and gen AI in 2022, it was clear the company needed to shift its AI ambitions to make use of the new technology. Allys answer?

Technology 118

Technology Marketing Risk Measurement 118

CIO Business Intelligence

DECEMBER 14, 2023

Skill gap augmentation While manufacturing runs on industrial assets, technology, and production processes, it is employees and their expertise that make it all possible. Risk management Manufacturing operations are inherently prone to risks and disruptions, such as cyber vulnerabilities, operational safety, and others.

Manufacturing 143

Manufacturing Cost-Benefit Unstructured Data Optimization 143