Smart Data Collective

SEPTEMBER 13, 2021

Remote working has also created greater data security risks. Common strategies for data loss prevention and why organizations should adopt them. In addition, they can use several strategies to manage data breaches. Risk assessments. Organizations with remote working arrangements spent an average of $1.07

Risk 143

Risk Strategy Enterprise Finance 143

CIO Business Intelligence

JULY 23, 2024

Call it survival instincts: Risks that can disrupt an organization from staying true to its mission and accomplishing its goals must constantly be surfaced, assessed, and either mitigated or managed. While security risks are daunting, therapists remind us to avoid overly stressing out in areas outside our control.

Risk 142

Risk IT Risk Management Cost-Benefit 142

CIO Business Intelligence

JANUARY 24, 2024

“In construction, our teams are managing the construction of hundreds of projects happening at any one time,” she says. Our analytics capabilities identify potentially unsafe conditions so we can manage projects more safely and mitigate risks.” Put your data strategy in business turns. Hire the right architects.

Risk Management 118

Risk Management Risk Management Digital Transformation 118

CIO Business Intelligence

JANUARY 21, 2025

As gen AI heads to Gartners trough of disillusionment , CIOs should consider how to realign their 2025 strategies and roadmaps. The World Economic Forum shares some risks with AI agents , including improving transparency, establishing ethical guidelines, prioritizing data governance, improving security, and increasing education.

Cost-Benefit 142

Cost-Benefit Data-driven Strategy Marketing 142

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 119

Risk Risk Management Management Enterprise 119

datapine

FEBRUARY 22, 2022

1) What Is A Business Intelligence Strategy? 2) BI Strategy Benefits. 4) How To Create A Business Intelligence Strategy. Whether you are starting from scratch, moving past spreadsheets, or looking to migrate to a new platform: you need a business intelligence strategy and roadmap in place. Table of Contents.

Business Intelligence 218

Business Intelligence Strategy Cost-Benefit Dashboards 218

CIO Business Intelligence

NOVEMBER 15, 2024

These uses do not come without risk, though: a false alert of an earthquake can create panic, and a vulnerability introduced by a new technology may risk exposing critical systems to nefarious actors.”

Risk 119

Risk Risk Management Strategy Reporting 119

IBM Big Data Hub

OCTOBER 9, 2023

Unified endpoint management (UEM) and medical device risk management concepts go side-by-side to create a robust cybersecurity posture that streamlines device management and ensures the safety and reliability of medical devices used by doctors and nurses at their everyday jobs.

Risk Management 76

Risk Management Risk Management Measurement 76

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

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. Conduct ESG assessments.

Risk Management 78

Risk Management Risk Management Metrics 78

BA Learnings

FEBRUARY 4, 2025

Market Growth : As industries like chemicals, mining, and energy recover and expand, the volume of hazardous liquids requiring transportation is set to rise, increasing the urgency for effective risk management strategies. Well-trained employees are better prepared to handle risks and ensure compliance with safety practices.

Risk 130

Risk Management Risk Management Strategy 130

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

A look at how guidelines from regulated industries can help shape your ML strategy. 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.

Machine Learning 52

Machine Learning Management Enterprise Risk Management 52

CIO Business Intelligence

JANUARY 14, 2025

Technical foundation Conversation starter : Are we maintaining reliable roads and utilities, or are we risking gridlock? DevSecOps maturity Conversation starter : Are our daily operations stuck in manual processes that slow us down or expose us to risks? This alignment sets the stage for how we execute our transformation.

Enterprise 119

Enterprise Technology Metrics Measurement 119

CIO Business Intelligence

APRIL 30, 2025

The cross-functional risk management team is also essential because you dont want to jeopardize your entire business over an AI pilot. The second is having connective tissue between the technology, operating, cyber, and legal teams to create a compliance structure required to deploy AI solutions with the proper safeguards.

Strategy 75

Strategy Data Science Modeling Risk Management 75

CIO Business Intelligence

NOVEMBER 6, 2024

As senior product owner for the Performance Hub at satellite firm Eutelsat Group Miguel Morgado says, the right strategy is crucial to effectively seize opportunities to innovate. Selecting the right strategy now will dictate if you’re successful in four years.” In three or four years, we’ll see the results.

Forecasting 133

Forecasting Risk Technology Strategy 133

CIO Business Intelligence

SEPTEMBER 13, 2024

For Kevin Torres, trying to modernize patient care while balancing considerable cybersecurity risks at MemorialCare, the integrated nonprofit health system based in Southern California, is a major challenge. They also had to retrofit some older solutions to ensure they didn’t expose the business to greater risks.

Risk 128

Risk IT IoT Statistics 128

IBM Big Data Hub

OCTOBER 23, 2023

71% of executives think it’s difficult to realize the full potential of a digital transformation without having a solid hybrid cloud strategy in place. [1] But what does such a strategy entail? There are three keys to developing a successful hybrid cloud risk management strategy : security, compliance and resiliency.

Risk 84

Risk Strategy Risk Management Digital Transformation 84

Smart Data Collective

FEBRUARY 28, 2023

One of the most important changes pertains to risk parity management. We are going to provide some insights on the benefits of using machine learning for risk parity analysis. However, before we get started, we will provide an overview of the concept of risk parity. What is risk parity? What is risk parity?

Machine Learning 117

Machine Learning Risk Cost-Benefit Marketing 117

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

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

DataRobot Blog

APRIL 29, 2022

This provides a great amount of benefit, but it also exposes institutions to greater risk and consequent exposure to operational losses. 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.

Risk 111

Risk Modeling IT Risk Management 111

CIO Business Intelligence

APRIL 23, 2024

As CIO, you’re in the risk business. Or rather, every part of your responsibilities entails risk, whether you’re paying attention to it or not. There are, for example, those in leadership roles who, while promoting the value of risk-taking, also insist on “holding people accountable.” You can’t lose.

Risk 116

Risk IT Insurance Risk Management 116

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. That’s where remediation strategies come in. Sensitivity analysis.

Machine Learning 282

Machine Learning Modeling Testing Risk Management 282

CIO Business Intelligence

JULY 13, 2022

Metrics that create a narrative and show how the business compares to competitors, the wider industry, and globally against all businesses give a clear picture that allows board members to set strategy. The day continues with Doug Fisher, SVP and CSO at Lenovo , who will share his strategies for strong security leadership.

Strategy 124

Strategy Metrics Risk Risk Management 124

CIO Business Intelligence

DECEMBER 10, 2024

CIOs have been able to ride the AI hype cycle to bolster investment in their gen AI strategies, but the AI honeymoon may soon be over, as Gartner recently placed gen AI at the peak of inflated expectations , with the trough of disillusionment not far behind. That doesnt mean investments will dry up overnight.

Sales 143

Sales Metrics Data-driven Unstructured Data 143

IBM Big Data Hub

DECEMBER 8, 2023

.” This same sentiment can be true when it comes to a successful risk mitigation plan. The only way for effective risk reduction is for an organization to use a step-by-step risk mitigation strategy to sort and manage risk, ensuring the organization has a business continuity plan in place for unexpected events.

Risk 67

Risk Strategy Risk Management Insurance 67

Smart Data Collective

SEPTEMBER 7, 2021

If the record has served its purpose in your office, keeping it around might be an unnecessary security risk. If you’re looking to circumvent the security risks of a traditional mail reception, consider investing in a virtual office like from iPostal1. Follow data security best practices when sending mail. Ensure you encrypt your data.

Strategy 140

Strategy Risk Measurement IT 140

CIO Business Intelligence

NOVEMBER 19, 2024

Clearing business strategy hurdles Choosing the right technologies to meet an organization’s unique AI goals is usually not straightforward. Their collaboration enables real-time delivery of insights for risk management, fraud detection, and customer personalization.

Analytics 97

Analytics Cost-Benefit Finance Data-driven 97

Smart Data Collective

APRIL 19, 2021

But in most instances, the real risk comes from within. For this reason, it’s highly important to implement the correct strategies to minimize any potential breaches. By encouraging staff to make a report if they suspect a leak or have information relating to the potential misuse of data, can also reduce the risk of leaks occurring.

Risk 126

Risk Management Measurement Optimization 126

CIO Business Intelligence

NOVEMBER 21, 2024

Importantly, where the EU AI Act identifies different risk levels, the PRC AI Law identifies eight specific scenarios and industries where a higher level of risk management is required for “critical AI.” Babin has extensive experience as a senior management consultant at two global consulting firms.

Consulting 120

Consulting Risk Risk Management Marketing 120

CIO Business Intelligence

MARCH 19, 2024

Ask your average schmo what the biggest risks of artificial intelligence are, and their answers will likely include: (1) AI will make us humans obsolete; (2) Skynet will become real, making us humans extinct; and maybe (3) deepfake authoring tools will be used by bad people to do bad things. Risks perceived by an average schmo 1.

Risk 124

Risk Machine Learning Risk Management Measurement 124

CIO Business Intelligence

APRIL 10, 2025

IT spending has evolved from an operational necessity to a key component of business strategy, he says. Energy use has become an important expense to monitor as well, along with more traditional IT costs and risk management. The company relies on IT to drive innovation, efficiency, and competitive advantages.

ROI 100

ROI Optimization Risk Management Forecasting 100

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

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

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. Perks Associated with Big Data.

Big Data 145

Big Data Finance Risk Management Risk 145