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6 key challenges of complex cloud environments — and how to manage them

CIO Business Intelligence

Moving to the cloud means that we need to manage change to reduce risk and cost, with governance as the top layer to facilitate that change.”. CIOs must ensure that procurement of these applications goes through an IT-led vendor risk assessment process,” he says. Addressing cybersecurity risks.

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6 best practices for better vendor management

CIO Business Intelligence

Develop a robust vendor partnership evaluation framework Companies should develop a set of standard vendor performance scorecards that are updated quarterly and reviewed with the vendor to provide feedback, Allen says. However, these should not be confused with operational scorecards that track service performance on a more regular basis.”

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How Enterprises Boosted AI Through Infrastructure Upgrades

CIO Business Intelligence

Faster credit-risk scoring at Scotiabank. Scotiabank, Canada’s 3rd largest financial services firm, was using AI to improve predictions of credit risk for customers. They wanted to create better scorecards, which have been around since the 1950s, through a machine learning approach.

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Automating Model Risk Compliance: Model Monitoring

DataRobot Blog

If the assumptions are being breached due to fundamental changes in the process being modeled, the deployed system is not likely to serve its intended purpose, thereby creating further model risk that the institution must manage. Ongoing model monitoring is an essential component of a sound model risk management practice. Conclusion.

Risk 59
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What’s the CIO’s role in developing a sustainability strategy?

CIO Business Intelligence

We examine the opportunity to lead both risk mitigation and value creation by helping advance the enterprise sustainability strategy. Build an operational framework that supports a balanced scorecard based on these four key strategic questions: For financial success , how will the sustainability strategy be seen by stakeholders?

Strategy 105
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What is a project management office (PMO)? The key to standardizing project success

CIO Business Intelligence

Furthermore, the PMO serves as a centralized deposit of project-related information, such as status reports, identified risks and project interdependencies. According to Sargeant, companies in highly regulated industries, as well as organizations where projects present high levels of risk, often opt to implement a controlling PMO.

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A Complete Guide To Driving Digital Transformation In Marketing

datapine

The image above is an example of a scorecard report tracking the performance of 4 social channels. The ever-changing digital landscape puts you at the risk of falling behind if you stop after just one or a few activities. The value of this tool lies in its visual nature.