Cloudera

FEBRUARY 4, 2021

I am pleased to announce that Cloudera was just named the Risk Data Repository and Data Management Product of the Year in the Risk Markets Technology Awards 2021. . Supporting the industry’s risk data depository and data management needs. Risk management and models in a COVID-19 world.

Risk 92

Risk Marketing Technology Management 92

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

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

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. 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. They’re about business strategy.

Risk 141

Risk Testing Strategy Risk Management 141

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

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

Decision Management Solutions

APRIL 23, 2019

In February, we published a blog post on “Using Technology to Add Value in Insurance”. In that post, I referenced Matt Josefowticz’s article – Technology May be the Answer for Insurers, but What Was the Question? , Insurers can also manage risk more effectively through continuous improvement.

Insurance 69

Insurance Risk Technology Management 69

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. Here are a few of the advantages of Big Data in the banking and financial industry: Improvement in risk management operations. The Role of Big Data. Engaging the Workforce.

Big Data 144

Big Data Finance Risk Management Risk 144

CIO Business Intelligence

OCTOBER 15, 2024

But continuous deployment isn’t always appropriate for your business , stakeholders don’t always understand the costs of implementing robust continuous testing , and end-users don’t always tolerate frequent app deployments during peak usage. CrowdStrike recently made the news about a failed deployment impacting 8.5

Enterprise 143

Enterprise Testing Business Objectives Experimentation 143

Cloudera

JUNE 29, 2023

To ensure the stability of the US financial system, the implementation of advanced liquidity risk models and stress testing using (MI/AI) could potentially serve as a protective measure. However, because most institutions lack a modern data architecture , they struggle to manage, integrate and analyze financial data at pace.

Data Architecture 91

Data Architecture Risk Management Risk Management 91

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

APRIL 21, 2022

Achieving business transformation and agility requires commitment from leadership at the very top of an organization, including C-suite, business and technology leaders. In terms of relative significance, software development, testing and implementation are all considered equal. Scale an enterprise mindset .

Digital Transformation 145

Digital Transformation Key Performance Indicator Risk Testing 145

DataRobot

OCTOBER 5, 2021

Evaluating and mitigating the risk that comes with any new technology has been standard practice for organizations since World War II. Throughout history, introducing innovations in fields like aviation and nuclear power to society required robust risk management frameworks. Step 1: Classify the AI Decision Type.

Risk Management 95

Risk Management Testing Risk Data Science 95

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

IT 142

IT Risk Management Machine Learning Risk 142

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

DECEMBER 14, 2023

AI and machine learning (ML) can do this by automating the design cycle to improve efficiency and output; AI can analyze previous designs, generate novel design ideas, and test prototypes, assisting engineers with rapid, agile design practices. Generative AI can help mitigate these often serious risks. Artificial Intelligence

Manufacturing 143

Manufacturing Cost-Benefit Unstructured Data Optimization 143

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

JANUARY 18, 2024

Optimism aside, the true test is in how well organizations will master the changes to the nature of work that AI enables. Nearly a third (29%) of CEOs are dissatisfied with their organization’s speed of innovation, capabilities in risk management, and talent acquisition and retention rates.

Finance 126

Finance Machine Learning Risk Management Optimization 126

CIO Business Intelligence

MARCH 15, 2023

Explosive technology innovations. Generational shifts in technological expectations. Security implications of ChatGPT and its ilk ChatGPT and other generative AI technologies have taken the world by storm, but the combination of their sudden popularity and a general lack of understanding of how they work is a recipe for disaster.

Digital Transformation 126

Digital Transformation Risk Risk Management Strategy 126

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

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.

Enterprise 128

Enterprise Uncertainty Reporting Risk Management 128

IBM Big Data Hub

FEBRUARY 13, 2024

Key considerations: Tech stack: Ensure your existing technology infrastructure can handle the demands of AI models and data processing. Generative AI use cases Excitement about this new technology has spread quickly throughout various industries and departments. Garbage in, garbage out.

Enterprise 118

Enterprise Testing Modeling Data-driven 118

CIO Business Intelligence

OCTOBER 17, 2022

DORA’s uniform requirements for the security of network and information systems encompass not only enterprises in the financial sector, but also critical third-party vendors providing information and communications technology–related services to the financial sector, such as cloud platforms and data analytics.

Risk Management 105

Risk Management Risk Enterprise Insurance 105

Smart Data Collective

OCTOBER 21, 2021

CISSP is a worldwide recognized certification for individuals working in the field of information technology security. This certification is ideal for experienced data security practitioners, managers, and executives who want to broaden their knowledge and skills in various security techniques.

Testing 131

Testing Big Data Risk Management Risk 131

CIO Business Intelligence

MAY 11, 2022

Technology touches all stakeholders. Asking the right questions to understand the business’ strategy and implementing architecture that supports the technology of the future is fundamental. Implement more disciplined validation and testing. While technology is a driver for business resilience, it is not the only driver.

Management 98

Management Insurance Testing Finance 98

CIO Business Intelligence

JUNE 8, 2023

Businesses are looking for tech pros with highly specialized skills, as they embrace digital transformation and increasingly rely on technology for core business. As demand for this role has grown, salaries for MIS managers have increased by 11% since 2021, according to Dice. Average salary: US$132,094 Increase since 2021: 10.8%

IT 140

IT Digital Transformation Software Risk 140

Cloudera

APRIL 18, 2024

Regulations require the implementation of robust risk management practices, prevention of financial crimes and promotion of competition. With that said, consider the impact digital technology has made on the industry with the adoption of hybrid and multi-cloud strategies.

Risk Management 82

Risk Management Risk Testing Management 82

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

JUNE 25, 2024

Now this is just speculation on my part, but I’d bet as much as a quarter that even a small fraction of UHG’s buyback budget would have easily paid for the time, effort, and technology needed to properly harden Change Healthcare’s information infrastructure. Look, it’s lovely when the price of a share of stock increases.

Risk 118

Risk Risk Management Statistics Management 118

CIO Business Intelligence

AUGUST 30, 2024

As HR technology evolves, professionals in the sector need to understand not only how the solutions function, but how to extract the most benefit from emerging system capabilities. The best way to accomplish this is through human resources information management (HRIM) and human resources information systems (HRIS) certification.

Cost-Benefit 118

Cost-Benefit Risk Management Strategy Testing 118

CIO Business Intelligence

SEPTEMBER 7, 2023

Additionally, related issues during use are risk of hallucinations and prompt engineering. Exploiting technology vulnerabilities. As we deploy our guardrails, we also evangelize across teams at Discover through our internal learning platform, Discover Technology Academy, through various events and emails and required security training.

Risk Management 98

Risk Management Risk Testing Digital Transformation 98

Cloudera

AUGUST 25, 2020

In part II of the series, we sat down for an interview with Dr. Richard Harmon, Managing Director of Financial Services at Cloudera, to find out more about how the industry is adopting new technology. The post The Role Of Technology In A Changing Financial Services Sector Part II appeared first on Cloudera Blog.

Prescriptive Analytics 76

Prescriptive Analytics Technology Machine Learning Risk 76

CIO Business Intelligence

AUGUST 4, 2023

As CIOs and technology leaders, we’re almost always in the role of the technology evangelist, bringing both mainstream and emerging technology into the organization for business benefit. Technology has always been used for positive and negative effect. If reversible, then there’s clearly less risk.

Risk 98

Risk Risk Management ROI Technology 98

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

FEBRUARY 20, 2024

Tom Nall, Global Manufacturing and Automotive Industry Executive at Avanade, an expert in Microsoft technology, explains: “Microsoft Copilot applies an organisation’s data and Microsoft application ecosystem to a large language model. Supply chain optimisation. Visit: [link] Avanade is attending Hanover Messe 2024.

Manufacturing 98

Manufacturing Sales Risk Management Forecasting 98

CIO Business Intelligence

JULY 11, 2023

The No-Sharing Principle Under the No Data Sharing Principle, it is crucial that organizations are not required to share sensitive data—whether their proprietary information or personal details—to use these advanced technologies.

Modeling 95

Modeling Testing Experimentation Risk Management 95

Smart Data Collective

APRIL 21, 2022

The rapid evolution of this technology has left many businesses and individuals without a technical background perplexed. AI technology can be incredibly valuable for companies trying to address a variety of problems, but it is worthless if it is used to handle the wrong issues. Improve the management of your company.

Consulting 107

Consulting Cost-Benefit Software Machine Learning 107