Smart Data Collective

MARCH 2, 2023

As a result, they will need to invest in data analytics tools to sustain a competitive edge in the face of growing economic uncertainty. However, there are even more important benefits of using big data during a bad economy.

Big Data 105

Big Data Uncertainty Risk Data mining 105

O'Reilly on Data

MARCH 25, 2025

The coordination tax: LLM outputs are often evaluated by nontechnical stakeholders (legal, brand, support) not just for functionality, but for tone, appropriateness, and risk. Hallucination risk : Add stronger grounding in retrieval or prompt modifications. LLM-powered software amplifies this uncertainty further.

Testing 174

Testing Data-driven Software Measurement 174

CIO Business Intelligence

NOVEMBER 18, 2024

Data silos, lack of standardization, and uncertainty over compliance with privacy regulations can limit accessibility and compromise data quality, but modern data management can overcome those challenges. If the data volume is insufficient, it’s impossible to build robust ML algorithms.

Data-driven 111

Data-driven Machine Learning ROI Uncertainty 111

CIO Business Intelligence

NOVEMBER 5, 2024

Dealing with uncertain economic environments, which can distract from sustainability issues: Energy prices, price inflation, and geopolitical tensions continue to fluctuate, and that uncertainty can impact focus on environmental sustainability. So far, however, companies seem to be staying the course.

Uncertainty 98

Uncertainty Measurement ROI Reporting 98

CIO Business Intelligence

NOVEMBER 1, 2024

One of the world’s largest risk advisors and insurance brokers launched a digital transformation five years ago to better enable its clients to navigate the political, social, and economic waves rising in the digital information age.

IT 122

IT Insurance Consulting Risk 122

CIO Business Intelligence

AUGUST 24, 2023

Gen AI has the potential to magnify existing risks around data privacy laws that govern how sensitive data is collected, used, shared, and stored. We’re getting bombarded with questions and inquiries from clients and potential clients about the risks of AI.” The risk is too high.” Not without warning signs, however.

Uncertainty 98

Uncertainty Risk Testing Enterprise 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

CIO Business Intelligence

NOVEMBER 1, 2024

One of the world’s largest risk advisors and insurance brokers launched a digital transformation five years ago to better enable its clients to navigate the political, social, and economic waves rising in the digital information age.

IT 105

IT Insurance Consulting Risk 105

O'Reilly on Data

JUNE 15, 2023

Should we risk loss of control of our civilization?” In the absence of operational detail from those who actually create and manage advanced AI systems, we run the risk that regulators and advocacy groups “ hallucinate ” much like Large Language Models do, and fill the gaps in their knowledge with seemingly plausible but impractical ideas.

Metrics 360

Metrics Reporting Measurement Finance 360

Rocket-Powered Data Science

FEBRUARY 15, 2023

3) How do we get started, when, who will be involved, and what are the targeted benefits, results, outcomes, and consequences (including risks)? Those F’s are: Fragility, Friction, and FUD (Fear, Uncertainty, Doubt). (2) Why should your organization be doing it and why should your people commit to it? (3)

Strategy 290

Strategy Experimentation Uncertainty Machine Learning 290

Cloudera

JULY 15, 2021

We recently hosted a roundtable focused on o ptimizing risk and exposure management with data insights. For financial institutions and insurers, risk and exposure management has always been a fundamental tenet of the business. Now, risk management has become exponentially complicated in multiple dimensions. .

Risk 100

Risk Optimization Management Insurance 100

O'Reilly on Data

MARCH 31, 2020

Machine learning adds uncertainty. Underneath this uncertainty lies further uncertainty in the development process itself. There are strategies for dealing with all of this uncertainty–starting with the proverb from the early days of Agile: “ do the simplest thing that could possibly work.”

Management 363

Management Machine Learning Experimentation Metrics 363

CIO Business Intelligence

MARCH 15, 2023

The pressure is on to navigate economic uncertainty. Solicit input from trusted deputies and document the risks and implications of specific line items. Gartner’s downward revision of projected worldwide IT spending in 2023 from 5.1% To get here, we recommend inventorying spend across all categories (labor, projects, technology, etc.)

Uncertainty 98

Uncertainty Cost-Benefit Forecasting Insurance 98

Jet Global

MARCH 30, 2021

Tax planning is playing an increasingly important part in corporates’ enterprise resource management (ERM) strategies, driven by the many uncertainties created by political, economic, and pandemic-related trends. Take Responsibility for Risk Oversight. Take Responsibility for Risk Oversight. Foster an Appropriate Risk Mindset.

Risk Management 98

Risk Management Risk Strategy Enterprise 98

O'Reilly on Data

JANUARY 22, 2019

All models, therefore, need to quantify the uncertainty inherent in their predictions. Yet, finance textbooks, programs, and professionals continue to use the normal distribution in their asset valuation and risk models because of its simplicity and analytical tractability. Let’s consider a specific example of interest rates.

Modeling 208

Modeling Finance Uncertainty Data mining 208

O'Reilly on Data

SEPTEMBER 15, 2020

Technical competence results in reduced risk and uncertainty. AI initiatives may also require significant considerations for governance, compliance, ethics, cost, and risk. There’s a lot of overlap between these factors. Defining them precisely isn’t as important as the fact that you need all three.

Advertising 362

Advertising Cost-Benefit ROI Machine Learning 362

bridgei2i

JUNE 2, 2020

Episode 7: The Impact of COVID-19 on Financial Services & Risk. The Impact of COVID-19 on Financial Services & Risk Management. And then there’s uncertainty on when this will come back to normal, what will it settle down as, etc. Now, the first of those areas is definitely risk and portfolio management.

Risk Management 128

Risk Management Risk Enterprise Management 128

O'Reilly on Data

DECEMBER 9, 2019

Because of this trifecta of errors, we need dynamic models that quantify the uncertainty inherent in our financial estimates and predictions. Practitioners in all social sciences, especially financial economics, use confidence intervals to quantify the uncertainty in their estimates and predictions. and an error term ??

Statistics 32

Statistics Uncertainty Risk Marketing 32

CIO Business Intelligence

AUGUST 15, 2024

The next generation of M&A strategy brings emerging digital capabilities to the forefront in support of both opportunities and risk mitigation. Use valuation and diligence activities to establish governance and capture all risk elements even if they appear to be mitigated.

Uncertainty 111

Uncertainty Risk Strategy Cost-Benefit 111

CIO Business Intelligence

NOVEMBER 12, 2024

If your organization is ambivalent about any of these things, you’re at risk of a genAI ROI doom loop, in which people may try very little and quickly run out of ideas. He specializes in removing fear, uncertainty, and doubt from strategic decision-making through empirical data and market sensing.

ROI 72

ROI Uncertainty Metrics Testing 72

CIO Business Intelligence

JULY 18, 2022

According to John-David Lovelock, research vice president at Gartner, inflationary pressures are top-of-mind for most IT decision-makers at the moment, which creates a degree of uncertainty—high prices today could become even higher tomorrow. in 2022, according to Gartner.

IT 144

IT Uncertainty Data-driven Sales 144

Cloudera

JUNE 1, 2021

In summary, the next chapter for Cloudera will allow us to concentrate our efforts on strategic business opportunities and take thoughtful risks that help accelerate growth. Our partnership with CD&R and KKR will enable us to pursue exciting new markets that offer tremendous growth opportunities. .

Uncertainty 144

Uncertainty Cost-Benefit Risk Strategy 144

O'Reilly on Data

JULY 20, 2021

It comes down to a key question: is the risk associated with an action greater than the trust we have that the person performing the action is who they say they are? When we consider the risk associated with an action, we need to understand its privacy implications. There is a tradeoff between the trust and risk. Source: [link].

Risk 335

Risk Software Interactive Modeling 335

Aryng

JANUARY 8, 2024

Does it seem like 2024 is starting with more uncertainty compared to previous years? In times of great uncertainty leaders have to scrutinize the investment in strategic initiatives. Whether to risk […] The post Data Literacy Planning 2024: Adapting to Economic Uncertainty appeared first on Aryng's Blog.

Uncertainty 52

Uncertainty Risk IT Data Science 52

Jedox

APRIL 21, 2020

In the face of unprecedented uncertainty, the question is how to quickly evaluate risk, opportunities and competitively allocate capital. At the fund level, great uncertainty demands continual strategic and portfolio reviews to manage liquidity, identify assets at risk, and understand growth challenges.

Uncertainty 52

Uncertainty Modeling Management Finance 52

DataRobot

AUGUST 5, 2021

After Banjo CEO Damien Patton was exposed as a member of the Ku Klux Klan, including involvement in an anti-Semitic drive-by shooting, the state put the contract on hold and called in the state auditor to check for algorithmic bias and privacy risks in the software. The good news was the software posed less risk to privacy than suspected.

Uncertainty 98

Uncertainty Sales Risk Statistics 98

CIO Business Intelligence

DECEMBER 5, 2024

AI faces a fundamental trust challenge due to uncertainty over safety, reliability, transparency, bias, and ethics. Governance implications for key gen AI use cases Some key use cases for generative AI include increasing productivity, improving business functions, reducing risk, and boosting customer engagement.

Cost-Benefit 59

Cost-Benefit Uncertainty Marketing Risk 59

CIO Business Intelligence

JUNE 22, 2022

Unfortunately, many organizations find themselves susceptible to the tactics used by consultants to manage their risk and optimize a commercial arrangement to their benefit. Consultants will also leverage their confidence with senior leadership to strengthen their ability to expose program risks and mitigate risk to their firm. .

Consulting 128

Consulting Uncertainty Cost-Benefit Risk 128

CIO Business Intelligence

FEBRUARY 20, 2025

This is due, on the one hand, to the uncertainty associated with handling confidential, sensitive data and, on the other hand, to a number of structural problems. Solid reporting provides transparent, consistent and combined HR metrics essential for strategic planning, risk management and the management of HR measures.

Big Data 84

Big Data Measurement Visualization Machine Learning 84

CIO Business Intelligence

FEBRUARY 1, 2023

Interest in digital transformation has also merged with the need to rebuild organisations after a period of disruption caused by the pandemic, supply chain and employee shortages, and economic uncertainty. However, these problems have also encouraged new thinking and problem solving. How do organisations understand digital transformation?

Digital Transformation 115

Digital Transformation Uncertainty IoT Risk 115

CIO Business Intelligence

APRIL 1, 2024

Deloitte 2 meanwhile found that 41% of business and technology leaders said a lack of talent, governance, and risks are barriers to broader GenAI adoption. However such fear, uncertainty, and doubt (FUD) can make it harder for IT to secure the necessary budget and resources to build services. Right-size your model(s).

Uncertainty 142

Uncertainty Data Lake Consulting Risk 142

CIO Business Intelligence

AUGUST 22, 2024

Even with global economic uncertainties, organizations that aren’t investing in AI risk getting left behind, he adds. Stone also predicts IT spending to increase at many organizations as they focus on modernizing outdated systems, reducing technical debt, creating new revenue streams, and building the foundation to adopt gen AI.

Strategy 134

Strategy IT Uncertainty Software 134

CIO Business Intelligence

MARCH 10, 2023

These, in turn, have brought with them an increase in new threats, risks, and cybercrime. As organizations emerge post-pandemic, many of the risks and uncertainties manifested during that period will persist, including the hybrid workforce, supply chain risk, and other cybersecurity challenges.

Digital Transformation 143

Digital Transformation Cost-Benefit ROI Risk 143

CIO Business Intelligence

MAY 23, 2023

These risks, as well as other risks related to the proposed transaction, are included in the registration statement on Form S-4 and proxy statement/prospectus that has been filed with the Securities and Exchange Commission (“SEC”) in connection with the proposed transaction.

Uncertainty 145

Uncertainty Cost-Benefit Risk Enterprise 145

CIO Business Intelligence

MARCH 14, 2022

Hubbard defines measurement as: “A quantitatively expressed reduction of uncertainty based on one or more observations.”. This acknowledges that the purpose of measurement is to reduce uncertainty. And the purpose of reducing uncertainty is to make better decisions. But if precision matters, you’ll need more context.

Uncertainty 105

Uncertainty Measurement Cost-Benefit Optimization 105

CIO Business Intelligence

AUGUST 1, 2024

The implementation must not become a stalemate for companies: Long legal uncertainty , unclear responsibilities and complex bureaucratic processes in the implementation of the AI Act would hinder European AI innovation. The EU’s regulatory framework divides AI applications into different risk classes.

Risk 119

Risk Uncertainty Testing Digital Transformation 119