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?

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Risk Risk Management Management Enterprise 119

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

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. Failure or Delay Risk. Failure to deliver goods is one of the most common risks businesses have suffered over the past two years.

Risk 144

Risk Cost-Benefit Risk Management Manufacturing 144

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

CIO Business Intelligence

JULY 25, 2024

It also highlights the downsides of concentration risk. What is concentration risk? Looking to the future, IT leaders must bring stronger focus on “concentration risk”and how these supply chain risks can be better managed. Unfortunately, the complexity of multiple vendors can lead to incidents and new risks.

Risk 144

Risk Cost-Benefit Strategy Enterprise 144

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

Dataiku

DECEMBER 3, 2024

This rapid transformation has introduced remarkable technologies that revolutionize work processes. However, with speed and innovation naturally come risks and challenges in maintaining control while moving quickly.

Risk Management 40

Risk Management Risk Management Machine Learning 40

BA Learnings

FEBRUARY 4, 2025

Technological Advancements : Innovations in container design, sensor technology, and real-time monitoring are transforming how hazardous liquids are stored and transported, improving both safety and efficiency. These risks underline the importance of robust storage and transportation systems designed to minimise hazards.

Risk 130

Risk Management Risk Management Strategy 130

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. When we looked at this technology, we quickly realized we didn’t have a clear line of sight to all the connected devices,” he says. “We

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Risk IT IoT Statistics 128

CIO Business Intelligence

JANUARY 21, 2025

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. The key with AI will be striking the right balanceleveraging its strengths while mitigating the risks and limitations.

Behavioral Analytics 122

Behavioral Analytics Data-driven Risk Insurance 122

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

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. Best practices, framework and technology have been developed to support this work. GRC is overarching.

Risk 115

Risk Risk Management Strategy Enterprise 115

Smart Data Collective

FEBRUARY 28, 2023

Here at Smart Data Collective, we have blogged extensively about the changes brought on by AI technology. While the technology is not new, this is being referred to as the year for AI. Machine learning technology has already had a huge impact on our lives in many ways. What is risk parity? Who invented risk parity?

Machine Learning 117

Machine Learning Risk Cost-Benefit Marketing 117

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

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

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

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

OCTOBER 26, 2023

AI poses a number of benefits and risks for modern businesses. AI technology is helping with cybersecurity in a myriad of ways. A successful breach can result in loss of money, a tarnished brand, risk of legal action, and exposure to private information. One of the most striking examples is in the field of cybersecurity.

Technology 123

Technology Risk Measurement Data-driven 123

Smart Data Collective

AUGUST 19, 2023

Data analytics technology has significantly improved the state of finance. We have talked about some of the many ways that data analytics technology is changing the state of finance. Risk is an ever-present companion in the world of finance. Big data technology is making these processes easier than ever. billion by 2030.

Risk 98

Risk Data Analytics Analytics Finance 98

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

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

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

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

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 Interactive Modeling 105

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

CIO Business Intelligence

NOVEMBER 4, 2024

This often resulted in lengthy manual assessments, which only increased the risk of human error.” The decision to start in a controlled environment and gradually expand AI capabilities allowed Camelot the time to mitigate risks and hone Myrddin before its rollout in September 2024. Myrddin uses AI to interact intelligently with users.

Dashboards 115

Dashboards Risk Risk Management Data-driven 115

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. To improve the way they model and manage risk, institutions must modernize their data management and data governance practices.

Data Architecture 85

Data Architecture Risk Management Risk Management 85

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. See also: How resilient CIOs future-proof to mitigate risks.)

Testing 64

Testing Risk Consulting Risk Management 64

CIO Business Intelligence

AUGUST 7, 2023

Organizations big and small, across every industry, need to manage IT risk. based IT directors and vice presidents in companies with more than 1,000 employees to determine what keeps them up at night—and it comes as no surprise that one of their biggest nightmares is managing IT risk. trillion annually by 2025.

Risk 98

Risk IT Management Risk Management 98

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

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. Luckily, technological progress has been made toward this end in recent years.

Machine Learning 226

Machine Learning Modeling Testing Risk Management 226

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

MAY 9, 2024

To date, many of these positions are with technology vendors or at government entities in the wake of recent AI mandates. Companies want candidates who can drive innovation, deliver meaningful business results, and work closely with other leaders to manage risks.

Risk Management 138

Risk Management Risk Cost-Benefit Technology 138

CIO Business Intelligence

FEBRUARY 21, 2025

Change requests affecting critical aspects of the solution were accepted late in the implementation cycle, creating unnecessary complexity and risk. When this review finally occurred and identified key issues, its findings were ignored, highlighting a systemic failure in the councils risk management approach, the report added.

Reporting 71

Reporting Risk Testing Risk Management 71

CIO Business Intelligence

JULY 22, 2024

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. To mitigate this risk, CIOs are likely to explore multicloud or hybrid cloud architectures, distributing workloads across multiple platforms. An incident like this questions that reliability.

Strategy 143

Strategy Testing Risk Management Risk 143

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 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