Remove 2023 Remove Blog Remove Metrics Remove Risk Management
article thumbnail

4 steps to improving your ESG risk management to increase financial performance

IBM Big Data Hub

Environmental, Social, and Governance (ESG) risk management has emerged as a critical aspect of business strategy for companies worldwide. A 2023 IBM IBV study showed that organizations that are seen as ESG leaders are 43% more likely to outperform their peers on profitability. Collaborate with suppliers.

article thumbnail

Delivering security and scalability in today’s business landscape requires more than setting up a front line of defense

IBM Big Data Hub

According to the 2023 Cost of a Data Breach report conducted by Ponemon Institute and sponsored by IBM , breaches with identification and containment times under 200 days cost organizations USD 3.93 Moreover, cloud environments were identified as frequent targets for cyberattacks in 2023. million—a 23% difference.

Risk 92
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Streamlining supply chain management: Strategies for the future

IBM Big Data Hub

The challenges continue: one 2023 survey found 44% of companies had to make changes in the past year due to issues with their supply chain footprint, and 49% said supply chain disruptions had caused planning problems. A supply chain control tower can connect many sources of data-driven information and improve end-to-end visibility.

article thumbnail

4 strategic sourcing use cases to strengthen your supply chain

IBM Big Data Hub

It also can help optimize transportation costs and service-level agreements as well as improve inventory management and visibility. Sign up for a 30-day free trial here Risk management Supply chains are under tremendous stress, facing challenges from supply, demand, logistics and shifting industry landscapes.

article thumbnail

Preparing for the EU AI Act: Getting governance right

IBM Big Data Hub

The European Parliament reached a provisional agreement on the EU AI Act in December 2023, it is now making its way through the final phases of the legislative process and is expected to rollout in stages in the second half of 2024. Dec 19, 2023 The European AI Act is currently the most comprehensive legal framework for AI regulations.

article thumbnail

The top ESG trends in 2024

IBM Big Data Hub

It refers to a set of metrics used to measure an organization’s environmental and social impact and has become increasingly important as it relates to a company’s business model, risk management strategy , reporting requirements and more. This lack of meaningful metrics isn’t necessarily by design, though.

article thumbnail

FRTB: Will 2023 Finally be the Year?

Cloudera

The new capital requirements are currently due to take effect in January 2023. From a data management point of view, FRTB’s requirements will require greatly increased quantities of historical data, along with an increased need for analysis and intensive computation against this data. . The post FRTB: Will 2023 Finally be the Year?

Risk 55