Smart Data Collective

OCTOBER 13, 2021

The market for AI technology is growing remarkably. While marketing remains relevant and essential, AI technology provides endless opportunities that create a massive edge between you and your competitors. AI technology helps businesses respond to change and new business opportunities effectively. Leverage innovation.

Technology 133

Technology Cost-Benefit Experimentation Machine Learning 133

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 123

Software Technology Consulting Forecasting 123

IBM Big Data Hub

APRIL 25, 2023

Environmental, Social, and Governance (ESG) risk management has emerged as a critical aspect of business strategy for companies worldwide. Focusing on ESG Risk Management can help your organization become more profitable, and your organization can start on this journey today. Monitor and track ESG performance.

Risk Management 78

Risk Management Risk Management Metrics 78

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 123

Technology Risk Measurement Data-driven 123

Smart Data Collective

DECEMBER 9, 2021

It’s no secret that big data technology has transformed almost every aspect of our lives — and that’s especially true in business, which has become more tech-driven and sophisticated than ever. A lot of recent technology, such as cloud computing, automation, and SEO , are already in practice. billion last year. Remote Work.

Technology 133

Technology Big Data Machine Learning Deep Learning 133

Smart Data Collective

SEPTEMBER 14, 2020

Thankfully, there are many ways you can do that by using technology and training. In this article, you will learn about six ways to prevent data breaches by using technology and training. This minimizes the risk of data breaches. Understand How Technology Works. Educate Your Employees.

Technology 145

Technology Risk Machine Learning Software 145

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

NOVEMBER 19, 2024

The right tools and technologies can keep a project on track, avoiding any gap between expected and realized benefits. Clearing business strategy hurdles Choosing the right technologies to meet an organization’s unique AI goals is usually not straightforward. But this scenario is avoidable.

Analytics 97

Analytics Cost-Benefit Finance Data-driven 97

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 42

Machine Learning Management Enterprise Risk Management 42

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

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

CIO Business Intelligence

DECEMBER 10, 2024

Set clear, measurable metrics around what you want to improve with generative AI, including the pain points and the opportunities, says Shaown Nandi, director of technology at AWS. This data suggests change management efforts are lagging technology efforts at many organizations.

Sales 143

Sales Metrics Data-driven Measurement 143

CIO Business Intelligence

JANUARY 21, 2025

Looking ahead, the integration of AI with other emerging technologies like quantum computing or blockchain could lead to even more comprehensive security solutions. As we stand at this technological crossroads, one thing is clear: In the ongoing battle against cyber threats, AI is not just a toolits the future of the entire battlefield.

Behavioral Analytics 122

Behavioral Analytics Data-driven Risk Insurance 122

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

NOVEMBER 4, 2024

“This often resulted in lengthy manual assessments, which only increased the risk of human error.” This is the moment when the bundling of AI technologies transitioned to a real-time cyber wizard capable of providing CMMC guidance through voice and text. To address compliance fatigue, Camelot began work on its AI wizard in 2023.

Dashboards 115

Dashboards Risk Risk Management Data-driven 115

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

SEPTEMBER 19, 2022

It was time to take their technology to the next level – a new ERP in the cloud, that would be able to move more quickly and at the same time. But the leaders of Carrefour’s Brazil unit were concerned that their old Enterprise Resource Planning (ERP) system would not be able to keep up with the demands of a post-pandemic world.

Technology 89

Technology Cost-Benefit Sales Finance 89

CIO Business Intelligence

MARCH 4, 2025

Credit: The Business Impact of Downtime Across Operational Segments , IDC, September 2024; IDC IT/OT Convergence Survey, August 2024, n = 1,041 When ransomware strikes (a disaster almost all technology leaders will experience), the disruption can last for days or even weeks. Then, assess the risk likelihood versus impact.

Testing 64

Testing Risk Consulting Risk Management 64

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

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

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 226

Machine Learning Modeling Testing Risk Management 226

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

CIO Business Intelligence

DECEMBER 9, 2024

The transformative impact of artificial intelligence (AI)and, in particular, generative AI (GenAI)emerged as a defining theme at the CSO Conference & Awards 2024: Cyber Risk Management. The technological dimensions of AI adoption added another layer of complexity to the conversations.

Cost-Benefit 64

Cost-Benefit Risk Risk Management Predictive Analytics 64

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 145

Big Data Finance Risk Management Risk 145

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

NOVEMBER 8, 2024

While human-written code can also infringe on copyright or violate open-source licenses, the risk with AI-generated code is related to the data the AI is trained on, says Ilia Badeev, head of data science at Trevolution Group, a travel technology company. There’s a good chance many AI agents are trained on code protected by IP rights.

Risk 133

Risk Software Recreation/Entertainment Modeling 133

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

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 144

Risk Cost-Benefit Risk Management Manufacturing 144

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

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

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

CIO Business Intelligence

MARCH 5, 2025

While some providers initially sought to implement radical transformation to cloud technologies, almost none have been able to replace their legacy IT. As a result, many ordinary financial transactions now rely on multiple types and ages of technology. In this situation, complexity will always increase.

Insurance 52

Insurance Digital Transformation Risk Management Publishing 52

CIO Business Intelligence

DECEMBER 20, 2024

As concerns about AI security, risk, and compliance continue to escalate, practical solutions remain elusive. as AI adoption and risk increases, its time to understand why sweating the small and not-so-small stuff matters and where we go from here. Thats an additional hand-wringing dilemma shared by technology executives.

Risk 105

Risk Measurement Modeling Interactive 105