article thumbnail

What is GRC? The rising importance of governance, risk, and compliance

CIO Business Intelligence

The need to manage risk, adhere to regulations, and establish processes to govern those tasks has been part of running an organization as long as there have been businesses to run. Stanley also notes that “technology advances, like AI, IoT and cloud computing, have also introduced compliance challenges and new cybersecurity threats.”

Risk 90
article thumbnail

Customizing Personal Lines Insurance with Location Data

Cloudera

According to Statista , the projected installed base of IOT devices is expected to increase to 30.9 This data enables travel insurers to perform much more granular risk assessment, underwriting and pricing based on the specific travel behaviors and the specific risks that the insured represents. billion units that exist today.

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

Emerging Technologies: Creating New Ways to Solve Business Problems

CIO Business Intelligence

While business leaders have the greatest insight about the organization’s needs and objectives (and likely have new ideas on how to achieve those objectives), the CIO has the greatest knowledge of what is possible — along with an understanding of emerging technologies and how they can be used. Collaborate Early and Often.

article thumbnail

My top learning moments at Splunk.conf23

Rocket-Powered Data Science

From these data streams, real-time actionable insights can feed decision-making and risk mitigations at the moment of need. Such prescriptive capabilities can be more proactive, automated, and optimized, making digital resilience an objective fact for businesses, not just a business objective.

article thumbnail

How CIOs Are Addressing The “Unsustainable” Security Challenge

CIO Business Intelligence

Cyber security attacks are an inevitability that all businesses should now be prepared for. Rather than simply investing in technology, and hoping for the best, however, IT leaders need to be strategic and undertake risk management that best suits their business profile. Understanding where the threats lie.

article thumbnail

5 recommendations to get your data strategy right

IBM Big Data Hub

There’s a renewed interest in reflecting on what can and should be done with data, how to accomplish those goals and how to check for data strategy alignment with business objectives. Competition plays harder, and every day, new business models and alternatives driven by data and digitalization surface in almost every industry.

article thumbnail

The skills and traits of elite CTOs

CIO Business Intelligence

CTOs should be able to demonstrate strong expertise across a broad range of domains, including data management, cybersecurity, software architecture, operational risk or controls, infrastructure, and cloud, says Craig Stephenson, managing director of the North America Technology Officers Practice at management consulting firm Korn Ferry.