CIO Business Intelligence

MAY 15, 2024

It seems anyone can make an AI model these days. Even if you don’t have the training data or programming chops, you can take your favorite open source model, tweak it, and release it under a new name. According to Stanford’s AI Index Report, released in April, 149 foundation models were released in 2023, two-thirds of them open source.

Modeling 128

Modeling Risk Software Enterprise 128

CIO Business Intelligence

MARCH 21, 2024

Combined with an outstanding internal ERP implementation team, Lovelady worked with business units to put their best talent on the ERP initiatives, which in 2023 alone, led to four on-time deployments. Or do you want it designed by your A players?” It also led to the consolidation of seven separate CRM environments.

IT 104

IT Manufacturing Risk Management Risk 104

Jet Global

JULY 28, 2023

Understanding evolving market conditions and consumer behaviors in EMEA remains crucial for capitalizing on emerging opportunities and mitigating risks in this dynamic and competitive landscape. Δ The post 2023’s Top Trends for Finance Teams in Europe, the Middle East, and Africa appeared first on insightsoftware. Enable cookies.

Finance 52

Finance Uncertainty Reporting Forecasting 52

CIO Business Intelligence

SEPTEMBER 20, 2023

Risk Management: CISOs must assess and manage the risks posed by new technologies and changing threat landscapes. Employee Awareness: Effective employee training and awareness is critical in ensuring that staff are not unwittingly exposing the organization to cyber risks.

Digital Transformation 94

Digital Transformation Risk Management Risk Machine Learning 94

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 86

Insurance Data Architecture Risk Management Risk 86

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. Will the anti-ESG movement hurt efforts to implement climate disclosures?

Reporting 79

Reporting Consulting Risk Metrics 79

CIO Business Intelligence

DECEMBER 28, 2023

As a result, managing risks and ensuring compliance to rules and regulations along with the governing mechanisms that guide and guard the organization on its mission have morphed from siloed duties to a collective discipline called GRC. These executive lead risk or compliance departments with dedicated teams. What is GRC?

Risk 89

Risk Risk Management Strategy Enterprise 89

IBM Big Data Hub

MARCH 25, 2024

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 Get tools to accurately assess potential climate impacts The IBM® Environmental Intelligence Suite models 40 years of historical weather patterns.

Insurance 88

Insurance Forecasting Risk Risk Management 88

CIO Business Intelligence

MARCH 20, 2024

Their experience and skills lend themselves to a new function: prompt engineering, the process of designing and refining text prompt inputs to improve the outputs of AI models. In 2023, only 5% of enterprises trained their entire workforce to work with gen AI. These are tough yet not insurmountable technology challenges.

IT 114

IT Strategy Enterprise Technology 114

IBM Big Data Hub

MAY 28, 2024

Companies continue to create more attack surfaces with hybrid models, scattering critical data across cloud, third-party and on-premises locations, while threat actors constantly devise new and creative ways to exploit vulnerabilities. In May 2023, Ireland’s data protection authority imposed a USD 1.3

Strategy 72

Strategy Measurement Risk Cost-Benefit 72

CIO Business Intelligence

JUNE 8, 2023

“Building new business aligned cost models, setting up disaster recovery and BCP platforms, allowing remote-working, rearchitecting the enterprise network from the ground up, and migrating to cloud should be some of the prime focus areas for CIOs as they set about their operations in the new-era.”

Strategy 73

Strategy Data-driven Interactive Digital Transformation 73

IBM Big Data Hub

DECEMBER 4, 2023

The Board recently published its point of view on foundation models addressing the risks that generative AI poses. Its toolkit automates risk management, monitors models for bias and drift, captures model metadata and facilitates collaborative, organization-wide compliance. and/or its affiliates in the U.S.

Consulting 76

Consulting Risk Metadata Risk Management 76

CIO Business Intelligence

DECEMBER 6, 2023

Some of the most vocal complaints about generative AI have come from authors and artists unhappy at having their work used to train large language models (LLMs) without permission. But these Guardian polls appear to have been published on Microsoft properties with millions of visitors by automated systems with no human approval required.

IT 125

IT Risk Management Interactive Modeling 125

CIO Business Intelligence

APRIL 15, 2024

A smaller number (16% of IT leaders and 11% of LOB) sought out CIO consultation to help evaluate and advise on choices using a risk management or governance lens. Sanjeev Saturru, CIO, Casey’s Casey’s “For us, modernization and innovation are not sequential,” says The Hartford’s Soni.

Digital Transformation 118

Digital Transformation Strategy Technology Enterprise 118

Cloudera

NOVEMBER 30, 2023

The Evolution of AI and LLMs Artificial intelligence (AI) and large language models (LLMs) have come a long way since their inception in the 1950s. Open-source frameworks and models provide a collaborative platform for researchers and developers, enabling them to build upon each other’s work while fostering transparency and innovation.

Risk Management 78

Risk Management Risk Strategy Modeling 78

CIO Business Intelligence

SEPTEMBER 20, 2023

Now Assist for IT Service Management, Customer Service Management, and HR Service Delivery add new text creation and summarization features and an interactive chatbot interface to help workers get to relevant information more quickly. The Vancouver release of Now Platform also includes new automations and security tools.

Cost-Benefit 104

Cost-Benefit Software Finance Interactive 104

CIO Business Intelligence

JULY 31, 2023

Just look at the stats:Some 45% of 2,500 executives polled for a May 2023 report from research firm Gartner said the publicity around ChatGPT prompted them to increase their AI investments, 70% said their organization is already exploring gen AI, and 19% are in actual pilot or production mode. How has, say, ChatGPT hit your business model?”

Strategy 90

Strategy Risk Enterprise Risk Management 90

CIO Business Intelligence

JULY 6, 2023

Automation, integration and consistency make it flow By the end of 2023, companies in Germany with more than 3,000 employees must have implemented the due diligence obligations under SCDDA. From 1 January 2024, the provisions relating to supplier risk management will also apply to companies with more than 1,000 employees.

Cost-Benefit 67

Cost-Benefit Risk Digital Transformation Risk Management 67

IBM Big Data Hub

JUNE 23, 2023

Generative AI empowers faster and better data-driven decisions based on historical data, market trends and the use of AI foundation models that identify patterns and anomalies often missed by traditional analysis methods. What is generative AI, what are foundation models, and why do they matter? Apply the controllership lens.

Finance 57

Finance Consulting Data-driven Risk 57

IBM Big Data Hub

JANUARY 16, 2024

Listen: The Art of AI featuring a Financial Industry perspective with Citigroup Trend: Generative AI One of the, if not the, biggest technological advancements made in 2023 was generative AI. More organizations will likely be transitioning to hybrid cloud models for their workloads and to further manage and conduct compliance tasks.

Risk Management 49

Risk Management Insurance Cost-Benefit Risk 49

Octopai

JUNE 16, 2021

The excessive financial risk-taking engaged in by banks on the eve of the 2007-2009 financial recession prompted new regulations to strengthen the supervision, regulation and risk management of banks. Credit Risk Management and Basel III. IRB (internal-ratings based) models were absolutely fine under Basel II.

Management 52

Management Risk Management Risk Visualization 52

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 53

Risk Gap analysis Reporting Risk Management 53

IBM Big Data Hub

DECEMBER 15, 2023

When AI algorithms, pre-trained models, and data sets are available for public use and experimentation, creative AI applications emerge as a community of volunteer enthusiasts builds upon existing work and accelerates the development of practical AI solutions. Morgan’s Athena uses Python-based open-source AI to innovate risk management.

Deep Learning 66

Deep Learning Experimentation Machine Learning Risk 66

CIO Business Intelligence

MAY 30, 2023

Projects also include the introduction of multifactor authentication; security, orchestration, automation, and response (SOAR); extended detection and response (XTR); and security information and event management (SIEM) software, according to Uzupis, who left his position in spring 2023. 9, with 47% involved in such).

IT 124

IT Risk Optimization Technology 124

DataRobot Blog

MARCH 7, 2023

Organizations that want to prove the value of AI by developing, deploying, and managing machine learning models at scale can now do so quickly using the DataRobot AI Platform on Microsoft Azure. Models trained in DataRobot can also be easily deployed to Azure Machine Learning, allowing users to host models easier in a secure way.

Data-driven 59

Data-driven Machine Learning Experimentation Data Lake 59

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. A multicloud is a cloud computing model that incorporates multiple cloud services from more than one of the major cloud service providers (CSPs)—e.g.,

Strategy 93

Strategy Cost-Benefit Risk Optimization 93

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. In the U.S., the average cost of a data breach was at its highest, reaching $9.48M.

Cost-Benefit 75

Cost-Benefit Testing Strategy Risk Management 75

CIO Business Intelligence

MAY 13, 2024

In contrast, CEOs didn’t even list AI in their top 10 priorities for CIOs in 2023. Those things can’t just take a back seat now that gen AI is in play,” says Danielle Phaneuf, cloud and digital strategy operational model leader at professional services firm PwC. 3, according to the State of the CIO survey.

IT 120

IT Digital Transformation ROI Strategy 120

CIO Business Intelligence

AUGUST 23, 2023

That need for complex mathematical modeling at scale makes the finance industry a perfect candidate for the promise of quantum computing, which makes (extremely) quick work of computations, including complex ones, delivering results in minutes or hours instead of weeks and months.

IT 70

IT Machine Learning Risk Optimization 70

IBM Big Data Hub

SEPTEMBER 20, 2022

But these organizations need to be able to trust their AI/ML models before they can be operationalized and used in crucial business processes. These days, if an AI model makes a biased, unfair decision involving the health, wealth or well-being of humans, an organization can hit the news for the wrong reasons. Is it scalable?

Metadata 56

Metadata Machine Learning Data-driven Modeling 56

CIO Business Intelligence

APRIL 27, 2023

And according to the latest 2023 Dice Tech Salary Report , you don’t need to reach for an executive career in IT to earn a six-figure salary. The demand for specialized skills has boosted salaries in cybersecurity, data, engineering, development, and program management. Average salary: US$151,364 Increase from 2021 : 2.3%

IT 108

IT Software Risk Management 108

Cloudera

AUGUST 21, 2021

Besides identifying key event patterns and escalating crucial alerts based on predictive insights and actionable intelligence, real time analytics and stream processing fortifies risk management by enabling preventive measures before an incident results in damage. . The need for speed.

Data-driven 101

Data-driven Digital Transformation Risk Risk Management 101

Cloudera

MARCH 25, 2021

Virginia’s law will go into effect on January 1, 2023. Probably more well known, the EU’s GDPR serves as a model for much of the new data privacy legislation coming forward. Risk management can be optimized by the improved use of data and analytics to run models, account for more variables and scrutinize probable outcomes.

Data Strategy 65

Data Strategy Strategy Enterprise Insurance 65

CIO Business Intelligence

DECEMBER 29, 2023

Adaptability and useability of AI tools For CIOs, 2023 was the year of cautious experimentation for AI tools. Information security and risk management are always top priorities for Fleetcor Technologies’ CIO Scott DuFour as well, and 2024 will be no different.

Cost-Benefit 127

Cost-Benefit Digital Transformation Consulting Strategy 127

CIO Business Intelligence

JULY 18, 2023

CIO.com’s 2023 State of the CIO survey recently zeroed in on the technology roles that IT leaders find the most difficult to fill, with cybersecurity, data science and analytics, and AI topping the list. As technology continues to advance at a rapid pace, the demand for qualified individuals has soared,” Chan says.

IT 83

IT Data Science IoT Digital Transformation 83

CIO Business Intelligence

MARCH 13, 2024

Infatti, secondo il “Report Imprese e Ict 2023” di Istat, la mancanza di competenze è il primo freno all’adozione delle tecnologie IA in Italia: il 55,1% delle imprese che hanno preso in considerazione il suo utilizzo senza poi adottarla ha rinunciato per carenza di skill e comprensione delle possibilità per il proprio business.

Machine Learning 94

Machine Learning Deep Learning Big Data Testing 94