CIO Business Intelligence

MAY 24, 2024

GRC certifications validate the skills, knowledge, and abilities IT professionals have to manage governance, risk, and compliance (GRC) in the enterprise. Enter the need for competent governance, risk and compliance (GRC) professionals. What are GRC certifications? Why are GRC certifications important?

Risk 120

Risk Risk Management Management Enterprise 120

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. What is concentration risk? Still, we must.

Risk 144

Risk Cost-Benefit Strategy Enterprise 144

Smart Data Collective

JUNE 19, 2022

AI is particularly helpful with managing risks. How AI Can Help Suppliers Manage Risks Better. All companies require complex relationships with various suppliers and service providers to develop the products and services they offer to clients and customers — but those relationships always carry some risk.

Risk 144

Risk Cost-Benefit Risk Management Manufacturing 144

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

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 48

Machine Learning Management Enterprise Risk Management 48

CIO Business Intelligence

DECEMBER 28, 2023

The need to manage risk, adhere to regulations, and establish processes to govern those tasks has been part of running an organization as long as there have been businesses to run. Furthermore, the State of Risk & Compliance Report, from GRC software maker NAVEX, found that 20% described their programs as early stage.

Risk 115

Risk Risk Management Strategy Enterprise 115

Smart Data Collective

SEPTEMBER 13, 2021

Remote working has also created greater data security risks. Software updates. Many software contains vulnerabilities. Risk assessments. Enterprises must constantly review and address new risks and changes in protecting data. Organizations with remote working arrangements spent an average of $1.07 Conclusion.

Risk 143

Risk Strategy Enterprise Finance 143

Smart Data Collective

AUGUST 30, 2023

Cloud technology has been instrumental in the software development sector. Steven Gage wrote a great article in Dice.com a few years ago on the benefits of cloud computing for software development. This is one of the many examples of how cloud technology has benefited enterprises. Keep reading to learn more.

Software 123

Software Technology Consulting Forecasting 123

David Menninger's Analyst Perspectives

OCTOBER 15, 2024

Artificial intelligence-enabled business applications have advanced considerably over the past year as software providers have added a steady stream of capabilities. This includes customer facing, financial, supply chain and workforce software. Waiting too long to start means risking having to play catch-up.

Cost-Benefit 204

Cost-Benefit Risk Forecasting Software 204

CIO Business Intelligence

JANUARY 21, 2025

Gone are the days when simple firewalls and antivirus software could keep our digital assets safe. Theres also the risk of over-reliance on the new systems. As AI becomes more prevalent across organizations, theres a growing need for a better understanding of data dependencies and asset management.

Behavioral Analytics 122

Behavioral Analytics Data-driven Risk Insurance 122

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

DECEMBER 14, 2023

As CIOs seek to achieve economies of scale in the cloud, a risk inherent in many of their strategies is taking on greater importance of late: consolidating on too few if not just a single major cloud vendor. This is the kind of risk that may increasingly keep CIOs up at night in the year ahead.

Risk 131

Risk Cost-Benefit Strategy Risk Management 131

Smart Data Collective

APRIL 22, 2020

Big data has turned the software industry on its head. The relationship between software development and big data is a two-way street. While many software developers are looking to create new applications that use big data, they are also using big data to streamline development. Development: This is where the program gets built.

Data-driven 115

Data-driven Software Big Data Testing 115

O'Reilly on Data

DECEMBER 12, 2019

1] This includes C-suite executives, front-line data scientists, and risk, legal, and compliance personnel. These recommendations are based on our experience, both as a data scientist and as a lawyer, focused on managing the risks of deploying ML. Random attacks can reveal all kinds of unexpected software and math bugs.

Machine Learning 275

Machine Learning Modeling Testing Risk Management 275

CIO Business Intelligence

NOVEMBER 19, 2024

“Robust cloud cost management tools and practices that foster collaboration between IT, finance, and business units can help ensure alignment and effective optimization of cloud investments,” notes Morris. Software limitations are another concern, especially when it comes to scaling AI and data-intensive workloads. “A

Analytics 97

Analytics Cost-Benefit Finance Data-driven 97

CIO Business Intelligence

FEBRUARY 21, 2025

Birmingham City Councils (BCC) troubled enterprise resource planning (ERP) system, built on Oracle software, has become a case study of how large-scale IT projects can go awry. Change requests affecting critical aspects of the solution were accepted late in the implementation cycle, creating unnecessary complexity and risk.

Reporting 91

Reporting Risk Testing Risk Management 91

Smart Data Collective

APRIL 19, 2021

But in most instances, the real risk comes from within. From conversing on personal devices (BYODs) to sending documents to the wrong recipient, or using unsecured applications for transfers, the risk for potential leaks is high. Around 66% of all data leaks are caused by employees making mistakes with digital records.

Risk 126

Risk Management Measurement Optimization 126

CIO Business Intelligence

DECEMBER 15, 2022

To bring sustainability home, IVL sought to maximize the efficiency of its plants through digital transformation by replacing data silos with a single data source that would revolutionize enterprise asset management (EAM). This disparity could lead to minor or even catastrophic chemical releases. “In

Risk 98

Risk Digital Transformation Software ROI 98

CIO Business Intelligence

AUGUST 7, 2023

Organizations big and small, across every industry, need to manage IT risk. Rocket Software recently surveyed 275 U.S.-based Technology professionals are taking a more proactive and less reactionary approach to how they manage risk and cybersecurity. But IT risk extends beyond cyberattacks by bad actors.

Risk 98

Risk IT Management Risk Management 98

bridgei2i

SEPTEMBER 24, 2020

However, risk management is no way lagging. ERM or Enterprise Risk Management is being used to identify crises long before it blows up into a huge problem. AI is being used to assess, prioritize, and mitigate risks in the enterprise so that the business operations do not take a hit. Risk Management Model.

Risk Management 52

Risk Management Risk Enterprise Management 52

BA Learnings

JANUARY 10, 2018

Latent conditions can be highlighted and corrected via effective risk management before problems manifest in the system. Applying the Swiss cheese model is a form of proactive risk management that should be practised to prevent disaster. How does this affect business analysts?

Risk Management 183

Risk Management Risk Interactive Modeling 183

John Wheeler

MARCH 5, 2021

Now that we are recovering from the COVID-19 pandemic crisis, our clients are now looking forward to deploy new ways of managing risk. They can no longer look to the past as an exclusive indicator of what risks may lie ahead. Simply put, business leaders need a better way to manage risks.

Risk Management 105

Risk Management Risk Technology Management 105

John Wheeler

SEPTEMBER 15, 2020

As the recovery efforts fully take hold in 2021, a deep understanding of the integrated nature of risks associated with business operations will take center stage. Those businesses that employ a “PRACtical” approach utilizing integrated risk management (IRM) will be in the best position to recover quicker and more successfully.

Risk Management 52

Risk Management Risk Management Business Objectives 52

CIO Business Intelligence

JULY 22, 2024

The widespread disruption caused by the recent CrowdStrike software glitch, which led to a global outage of Windows systems, has sent shockwaves through the IT community. For CIOs, the event serves as a stark reminder of the inherent risks associated with over-reliance on a single vendor, particularly in the cloud.

Strategy 143

Strategy Testing Risk Management Risk 143

Smart Data Collective

SEPTEMBER 17, 2020

Some prominent banking institutions have gone the extra mile and introduced software to analyze every document while recording any crucial information that these documents may carry. Here are a few of the advantages of Big Data in the banking and financial industry: Improvement in risk management operations.

Big Data 145

Big Data Finance Risk Management Risk 145

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

Risk Management 130

Risk Management Risk Enterprise Insurance 130

CIO Business Intelligence

DECEMBER 10, 2024

Abhi Maheshwari, CEO of AI software vendor Aisera, says, Gen AI provides many benefits for sales, and key metrics for assessing its impact include conversion rate, sales cycle length, average deal size, win rate, and lead volume.

Sales 143

Sales Metrics Data-driven Measurement 143

Smart Data Collective

MAY 4, 2023

Unfortunately, there are often many weak links in the data security infrastructure, which can increase the risks of data breaches. One issue that they need to take into consideration is the importance of third-party data security risks caused by improper vendor security. These steps can help reduce the risks of data breaches.

Risk Management 114

Risk Management Key Performance Indicator Measurement Risk 114

CIO Business Intelligence

MARCH 15, 2023

In reality, generative AI presents a number of new and transformed risks to the organization. A second, more pernicious risk is the fact that ChatGPT can write malware. Most commercial enterprise software products and nearly all open-source ones depend upon numerous software packages and libraries.

Digital Transformation 127

Digital Transformation Risk Risk Management Strategy 127

CIO Business Intelligence

MARCH 19, 2025

In a survey conducted by Rocket Software , respondents identified several benefits that motivated them to pursue AI initiatives. These include improvements to operational efficiency (56%), bolstering risk management (53%), and elevating decision-making (51%). Scalability, however, has proven to be a pain point for many leaders.

Analytics 52

Analytics Enterprise Risk Management Strategy 52

Smart Data Collective

AUGUST 2, 2019

Now, a new benefit of AI is joining the list: avoiding the risk of website accessibility lawsuits. The recently updated policies stipulate that software, hardware, customer support and all documentation must meet certain accessibility standards. Website accessibility lawsuits against ecommerce companies are becoming common.

Risk 94

Risk Machine Learning Sales Visualization 94

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. Meanwhile, sessions like Crossroads of AppSec & GenAI highlighted the operational risks generative AI introduces to application security.

Cost-Benefit 65

Cost-Benefit Risk Risk Management Predictive Analytics 65

John Wheeler

DECEMBER 31, 2020

As we look to 2021 and the anticipated global economic recovery , we see continued interest in topics related to emerging business risks, digital transformation and cybersecurity. As a result, integrated risk management (IRM) topped our list in 2020.

Technology 86

Technology Risk Management Digital Transformation Risk 86

CIO Business Intelligence

JULY 1, 2024

By documenting cases where automated systems misbehave, glitch or jeopardize users, we can better discern problematic patterns and mitigate risks. Compliance certifications and standards will emerge by industry as we’ve seen with the cloud and software development broadly.”

Reporting 129

Reporting Risk Management Experimentation Risk 129

CIO Business Intelligence

FEBRUARY 22, 2024

The current marketplace for ESG solutions is rapidly evolving with both large incumbents and emerging startups pushing tools to market, from standalone software offerings, to ERP add-ons, to full ESG platforms and niche solutions. ESG software deployment is complex and, if done correctly, interwoven throughout enterprise systems,” she says.

Software 98

Software Reporting KPI Enterprise 98

CIO Business Intelligence

JUNE 23, 2023

To gain a better understanding of what IT leaders are focused on when it comes to modernization Rocket Software conducted a survey of 275 U.S.-based It helps reduce risk, increase efficiency, optimize resources, and improve both the customer and employee experience. Digital Transformation

IT 98

IT Risk Management Risk Optimization 98

CIO Business Intelligence

SEPTEMBER 14, 2023

Nasdaq is currently using gen AI for a range of applications, including supporting digital investigators’ efforts to identify financial crime risk and empowering corporate boards to consume presentations and disclosures more efficiently. That’s because, says Peterson, Nasdaq’s tech stack is the best exchange software out there. “As

Risk Management 116

Risk Management Risk Marketing Cost-Benefit 116