Cloudera

FEBRUARY 24, 2021

2021 is going to be the year when the financial services industry reckons with how these changes will play out, impacting business operations, processes, new technologies, and, of course, new regulations. Trend #1: The Crossroads of Risk Management and Emerging Technology.

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Risk Management Risk Recreation/Entertainment Machine Learning 58

Smart Data Collective

SEPTEMBER 22, 2021

The risk of data breaches will not decrease in 2021. In this blog post, we discuss the key statistics and prevention measures that can help you better protect your business in 2021. Cyber fraud statistics and preventions that every internet business needs to know to prevent data breaches in 2021. Let’s dive in.

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Statistics Risk Measurement Software 107

CIO Business Intelligence

JUNE 8, 2023

The demand for project managers has grown, with salaries for this role increasing by 15.6% percent since 2021, according to Dice. Key skills for the role include resource allocation, risk and change management, quality assurance, communication, and leadership and team building.

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IT Digital Transformation Software Risk 139

John Wheeler

MARCH 5, 2021

Simply put, business leaders need a better way to manage risks. For them, the way forward is IRM – integrated risk management. Our clients are telling us that their risk management priorities have shifted dramatically due to COVID-19. Technology Outlook for Integrated Risk Management.

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Risk Management Risk Technology Management 105

CIO Business Intelligence

MAY 26, 2023

Of those surveyed, only 9% of respondents said they felt certifications weren’t necessary for their role, down from 12% in 2021. Similarly, 12% of respondents said they were currently working toward earning a certification, up from 9% in 2021. According to the data from Dice, that is a 1% increase from 2021.

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John Wheeler

OCTOBER 6, 2021

2021 has been an eventful year for business leaders as they continue to struggle with major risk events. Common to all of these risk events is the highly interconnected causes and effects that require a better view of the risk landscape.

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Risk Management Risk Interactive Technology 52

CIO Business Intelligence

APRIL 27, 2023

IT management It’s no surprise that IT executive positions earn some of the highest average salaries, with Dice reporting an average yearly salary of $164,814 in 2022 — an 8.4% increase from 2021. Average salary: US$164,814 Increase since 2021: 8.4% Average salary : US$155,934 Increase from 2021 : n/a 3.

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IT Software Risk Management 111

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

SEPTEMBER 13, 2022

1] Gartner, 4 Major Sourcing Trends for a ‘New Normal’ World: Change, Outcomes, Risk and Agility | Published 23 November 2020 – ID G00733227| By Claudio Da Rold, Fabio Di Capua, Katie Gove, Andy Rowsell-Jones. [2] Cloud Management Find more about it here. [1]

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DataRobot Blog

APRIL 29, 2022

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. However, after the financial crisis, financial regulators around the world stepped up to the challenge of reigning in model risk across the financial industry.

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DataRobot

OCTOBER 22, 2021

Their increased usage has also led to new challenges related to compliance, misuse, and fraud risk. Thomas Reuters 2021 Government Fraud, Waste, and Abuse Study found that 93 percent of government officials believed fraud, waste, and abuse rates will be maintained or increase in 2021.

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John Wheeler

JULY 15, 2019

Gartner kicked-off it’s global series of 2019 Security & Risk Management Summit Conferences last month in Washington, DC. It’s here where we receive direct feedback from both technology providers as well as end-users on emerging trends and technologies for security and risk management. Source: Gartner.

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Risk Management Risk Forecasting Management 60

Smart Data Collective

MAY 4, 2023

However, the Identity Theft Resource Center reports a 68% increase in data breaches at corporations in 2021, surpassing the previous record rise of 23% in 2017. As a result, third-party risk management (TPRM) has become a crucial aspect of enterprise risk management.

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Risk Management Key Performance Indicator Measurement Risk 79

CIO Business Intelligence

SEPTEMBER 14, 2023

The company’s pivot to new tech development and SaaS began in 2021 and is keenly focused on the cloud, machine learning, and AI, as well as blockchain for tracking digital assets. When you have to calculate risk, it works really well to spread it horizontally in the cloud,” Peterson says.

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Risk Management Risk Marketing Cost-Benefit 111

Smart Data Collective

JULY 16, 2023

billion in 2021 and is expected to be worth over $19 billion in 2030. We will talk about some of the biggest ways that big data is changing the future of risk management among hedge funds. Data Analytics Helps Create More Robust Risk Management Controls We mentioned years ago that big data is changing risk management.

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ROI Data Analytics Analytics Risk Management 70

IBM Big Data Hub

MARCH 25, 2024

In 2021, large-scale floods affected the European countries of Austria, Germany, Belgium, the Netherlands and Luxembourg, causing USD 43 billion worth of damage in addition to a tragic loss of life. The US experienced 25 extreme weather events in 2023, each causing losses of over USD 1 billion, with a total cost of USD 73.8

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Insurance Forecasting Risk Risk Management 96

CIO Business Intelligence

MARCH 15, 2023

Securing the software supply chain The Log4j vulnerability that reared its ugly head in late 2021 showed a bright light on the problem of software supply chain security. There’s never enough money to drive all these risks to zero–so how should executives decide which risks to mitigate and how much money and time to spend mitigating them?

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Digital Transformation Risk Risk Management Strategy 122

CIO Business Intelligence

APRIL 5, 2024

This year, lawmakers in the state are considering Senate Bill 2 , which would require organizations deploying AI for consequential “high-risk” decisions to develop risk management policies. Last year, the Connecticut General Assembly passed Senate Bill 1103 , which regulates state procurement of AI tools.

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Risk Interactive Insurance Strategy 128

CIO Business Intelligence

APRIL 17, 2023

In 2021, U.S. Challenges for fraud risk management Fraud is a big and a worthwhile business for today’s online criminals, who troll the internet and insert data-stealing malware into vulnerable sites and mobile apps. The stakes for financial organizations are growing as well. fraud losses amounted to $5.9

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Digital Transformation Risk Management Risk Consulting 103

Cloudera

FEBRUARY 4, 2021

I am pleased to announce that Cloudera was just named the Risk Data Repository and Data Management Product of the Year in the Risk Markets Technology Awards 2021. . Supporting the industry’s risk data depository and data management needs. Risk management and models in a COVID-19 world.

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Risk Marketing Technology Management 88

CIO Business Intelligence

APRIL 28, 2022

Its success is one of many instances illustrating how the financial services industry is quickly recognizing the benefits of data analytics and what it can offer, especially in terms of risk management automation, customized experiences, and personalization. .

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Analytics Insurance Big Data Uncertainty 98

CIO Business Intelligence

APRIL 20, 2022

In its State of Ransomware 2021 report, Sophos reported that that 38% of the UAE tech executives polled said they were attacked with ransomware during the past year. End-user spending on security and risk management in the Middle East and North Africa (MENA) is forecast to total US$2.6 Countries in the region are fighting back.

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Forecasting Risk Management Reporting Risk 52

CIO Business Intelligence

SEPTEMBER 7, 2022

Cropin Apps, as the name suggests, comprises applications that support global farming operations management, food safety measures, supply chain and “farm to fork” visibility, predictability and risk management, farmer enablement and engagement, advance seed R&D, production management, and multigenerational seed traceability.

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B2B Contextual Data IoT Deep Learning 102

John Wheeler

JUNE 29, 2018

The same can occur for integrated risk management (IRM) technology customers. At the same time, IRM technology must ensure the objectives remain in alignment with the risk management goals of key stakeholders such as the board of directors, senior executives, regulators and investors. Vendor Risk Management.

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Risk Management Risk Business Objectives Technology 49

Cloudera

AUGUST 12, 2021

In a 2021 white paper titled “Data Excellence: Transforming manufacturing and supply systems“ written by the World Economic Forum and the Boston Consulting Group, it documented that 75% of executives interviewed believed that advanced analytics in manufacturing was more important today than three years ago. Risk Management.

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Data-driven Manufacturing Insurance Risk Management 107

Smart Data Collective

SEPTEMBER 13, 2021

A Security Intelligence article cites that the 2021 average cost of a data breach is $4.24 But in 2021, the average cost reached $9.23 In 2021, $180 is the average cost of a lost PII. More than half a million Facebook users’ data were exposed on April 3, 2021, with an estimated cost of $3.7

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Risk Strategy Enterprise Finance 125

Jet Global

MAY 11, 2021

May 11, 2021 – In the early days of the pandemic, cash flow management took center stage for many businesses and risk management continues to be a priority this year as business leaders depend more than ever on finance teams for decision-making support. RALEIGH, N.C. –

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Finance Technology Forecasting Uncertainty 98

CIO Business Intelligence

JUNE 9, 2022

Recent stats from the Identity Theft Resource Center (ITRC) show that about 92% of data breaches are cyber-attack-related, and data breaches in Q1 2022 were 14% higher than the same period in 2021. This “unknown” amount was 40% higher than the “unknown” data breach causes for all of 2021.

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Risk Risk Management Sales Measurement 98

John Wheeler

FEBRUARY 11, 2019

In the span of a week, the integrated risk management (IRM) technology market has experienced significant consolidation. Four vendors from Gartner’s inaugural 2018 IRM Magic Quadrant have joined forces to evolve their legacy governance, risk and compliance (GRC) offerings to better compete in the IRM market (see figure below).

Marketing 45

Marketing Risk Management Risk Forecasting 45

CIO Business Intelligence

APRIL 19, 2023

Intel’s fledgling foundry business, launched in 2021, has barely a 1% share. Network analysis CIOs need to work closely with chief supply-chain officers to understand their risk exposure in the Asia-Pacific region, says Koray Köse, Gartner’s senior director analyst for supply chain research. (TSMC), which had a 58.5% and China at 7.3%.

IT 52

IT Manufacturing Risk Risk Management 52

Jet Global

JULY 21, 2022

Finance teams’ top three responsibilities remain consistent with 2021 findings – financial planning and analysis was the number one area noted by respondents (64%), followed by financial modeling (57%), and budget and forecasting (47%). Strategic Decision Making. Scalability of Processes.

Digital Transformation 52

Digital Transformation Finance Reporting Interactive 52

Smart Data Collective

SEPTEMBER 13, 2022

For example, the Yodlee ACH payments solution is widely used for account verification, fraud detection, risk management, bank reconciliation, recurring payment collection, and same-day transfers by businesses of every size and stature across the United States. ACH payments were so popular in 2021 that the network saw over $72.6

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Big Data Cost-Benefit Risk Management Data-driven 78

Smart Data Collective

MARCH 27, 2023

billion in 2021 alone. Since many small businesses don’t know how to handle this, they can easily outsource to a third-party risk management company, or TPRM. These companies can help you evaluate your risk and help you find ways to reduce it. Your Business Data is at Risk Your business data is at risk from cybercrime.

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Big Data Risk Risk Management Finance 94

CIO Business Intelligence

SEPTEMBER 29, 2022

New York-based insurance provider Travelers, with 30,000 employees and 2021 revenues of about $35 billion, is in the business of risk. Managing all of its facets, of course, requires many different approaches and tools to achieve beneficial outcomes, and Mano Mannoochahr, the companyâ??s

Machine Learning 132

Machine Learning Insurance Technology Software 132

CIO Business Intelligence

JULY 13, 2023

To fulfill this, companies can be transparent about their strategies and risk management. The company is also putting an emphasis on recycling and in 2021, resold 4.9 Companies can evaluate the health and safety impacts of their IT products and services as well as drive diversity within their vendor ecosystem. Governance.

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IT Internet of Things Strategy IoT 98

CIO Business Intelligence

MARCH 22, 2022

December 2021. At Fractal, Tiwari will be responsible for the company’s digital transformation and overseeing IT operations, cybersecurity, and risk management. . November 2021. September 2021. August 2021. Airtel CISO Manish Tiwari joins Fractal as CIO. He will be based in Gurugram.

Internet Publishing and Broadcasting 98

Internet Publishing and Broadcasting Digital Transformation Insurance Recreation/Entertainment 98

CIO Business Intelligence

MARCH 21, 2022

Almost half of survey respondents (49%) cited increasing cybersecurity protections as the top business initiative driving IT investments, up dramatically from 34% in 2021. Security and risk management is the highest-ranked technology initiative commanding IT investment this year, cited by 45% of respondents. Credit: CIO.

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IT Digital Transformation Consulting Technology 128