IBM Big Data Hub

FEBRUARY 15, 2024

Surface temperature statistics paint a compelling picture of the changing climate: 2023, according to the European Union climate monitor Copernicus, was the warmest year on record—nearly 1.5 “If we act now,” IPCC Chair Hoesung Lee said in a 2023 statement , “we can still secure a livable sustainable future for all.”

Insurance 66

Insurance Risk Strategy Risk Management 66

IBM Big Data Hub

AUGUST 18, 2023

The Digital Operational Resilience Act , or DORA, is a European Union (EU) regulation that created a binding, comprehensive information and communication technology (ICT) risk-management framework for the EU financial sector. Cyber resilience is a component of operational resilience.

Cost-Benefit 80

Cost-Benefit Testing Strategy Risk Management 80

IBM Big Data Hub

JUNE 23, 2023

Whether you’re a CFO, an accountant, a financial analyst or a business partner, artificial intelligence (AI) can help improve your finance strategy, uplift productivity and accelerate business outcomes. Risk management and controls are an imperative in F&A. Apply the controllership lens.

Finance 61

Finance Consulting Data-driven Risk 61

IBM Big Data Hub

JANUARY 16, 2024

From reshaping the customer experience to bringing forth wealth management tools, the financial services sector will be at the helm of managing the lasting impact artificial intelligence (AI) will have on organizations and people. The advancements made in tech since the pandemic have boomed and ultimately changed the financial sector.

Risk Management 51

Risk Management Insurance Cost-Benefit Risk 51

IBM Big Data Hub

FEBRUARY 13, 2024

Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals. It also can help optimize transportation costs and service-level agreements as well as improve inventory management and visibility. This technology can also help reduce the risk of regulatory non-compliance.

Cost-Benefit 86

Cost-Benefit Scorecard Risk Recreation/Entertainment 86

IBM Big Data Hub

SEPTEMBER 15, 2023

These disclosures will need to be filed as part of the company annual 10-K statements, potentially as soon as the 2024 fiscal year if the final ruling is published by October 2023 as currently expected. appeared first on IBM Blog. Furthermore, companies would need to disclose the price and rationale for internal carbon prices.

Risk 79

Risk Reporting Data-driven Publishing 79

IBM Big Data Hub

OCTOBER 9, 2023

At the beginning of 2023, according to IBM Security’s “ Threat Intelligence Index ” report, healthcare was in the top 10 most-attacked industries on the planet. The “ Cost of a Data Breach 2023” report also uncovered that, since 2020, healthcare data breach costs have increased by 53.3%.

Risk Management 85

Risk Management Risk Management Measurement 85

IBM Big Data Hub

JANUARY 29, 2024

Business continuity and disaster recovery plans are risk management strategies that businesses rely on to prepare for unexpected incidents. Lower financial risk: According to IBM’s recent Cost of Data Breach Report, the average cost of a data breach was USD 4.45 million in 2023—a 15% increase since 2020.

Cost-Benefit 94

Cost-Benefit Risk Enterprise Advertising 94

IBM Big Data Hub

OCTOBER 23, 2023

71% of executives think it’s difficult to realize the full potential of a digital transformation without having a solid hybrid cloud strategy in place. [1] But what does such a strategy entail? There are three keys to developing a successful hybrid cloud risk management strategy : security, compliance and resiliency.

Risk 91

Risk Strategy Risk Management Digital Transformation 91

IBM Big Data Hub

SEPTEMBER 20, 2022

Your model risk management team, IT operations team and line-of-business employees also need appropriate access. The potential advantage of AI is reflected in the strategy trends of industry leaders. The post How to enable trustworthy AI with the right data fabric solution appeared first on Journey to AI Blog.

Metadata 57

Metadata Machine Learning Data-driven Modeling 57

Cloudera

APRIL 18, 2024

In the financial sector, regulations are essential for financial institutions to maintain stability by preventing excessive risk-taking, ensuring adequate capitalization and reducing the likelihood of failures or financial crises. What is DORA?

Risk Management 75

Risk Management Risk Testing Management 75

Cloudera

FEBRUARY 15, 2024

While this might be a blast from the past we’d rather leave in the proverbial rear-view mirror, in March of 2023 we were back to the future with the collapse of Silicon Valley Bank (SVB), the largest US bank to fail since 2008. It’s hard to believe it’s been 15 years since the global financial crisis of 2007/2008.

Insurance 84

Insurance Data Architecture Risk Management Risk 84

IBM Big Data Hub

JANUARY 30, 2024

billion in 2023. To overcome various challenges associated with multicloud , organizations need to map out a comprehensive multicloud management strategy to achieve overall success. While each multicloud journey is unique, here are eight fundamental steps for creating a successful multicloud strategy: 1. to total $678.8

Strategy 100

Strategy Cost-Benefit Risk Optimization 100

IBM Big Data Hub

FEBRUARY 15, 2024

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. Consider investor expectations around net-zero targets.

Reporting 84

Reporting Consulting Risk Metrics 84

IBM Big Data Hub

APRIL 3, 2024

In California, for example, legislation passed in late 2023 requires Scope 3 emissions disclosures, while the European Union’s Corporate Sustainability Reporting Directive —which mandates disclosures on a range of sustainability issues—was adopted earlier in the year.

Risk 57

Risk Gap analysis Reporting Risk Management 57

CIO Business Intelligence

JULY 12, 2023

Last week, I attended the annual Gartner® Security and Risk Management Summit. The event gave Chief Information Security Officers (CISOs) and other security professionals the opportunity to share concerns and insights about today’s most pressing issues in cybersecurity and risk management. See you there.

Risk Management 81

Risk Management Risk Digital Transformation Strategy 81

Cloudera

AUGUST 21, 2021

It provides direction for a robust business strategy that has taken into account risks and ways to manage them. Better visibility of their customers assures banks that they are not exposing themselves to additional risks in the process. Addressing new customers and markets. Personalizing the customer experience.

Data-driven 99

Data-driven Digital Transformation Risk Risk Management 99

CIO Business Intelligence

DECEMBER 6, 2023

Confusing and badly written content created by generative AI is already showing up in business contexts, with conference biographies, blog posts and slide decks that might sound impressive but make no sense being signed off by managers who should know better. Not all generative AI customers have got that message.

IT 129

IT Risk Management Interactive Modeling 129

IBM Big Data Hub

APRIL 21, 2023

Organizations will be required to detail how their business strategy will mitigate the risks associated with these environmental and social issues and publish these disclosures publicly. This isn’t the first time a framework such as CSRD has existed in the region.

Reporting 44

Reporting Metrics Risk Strategy 44

Cloudera

NOVEMBER 30, 2023

But as AI becomes increasingly intertwined with our daily lives, developing an effective strategy to regulate it while optimizing value is more critical than ever. This can only be achieved through robust data management capabilities and well-established data strategy, governance, and security measures.

Risk Management 76

Risk Management Risk Strategy Modeling 76