Cloudera

OCTOBER 18, 2023

In the ever-evolving landscape of the financial services Industry, change is a constant and transformation is a requirement — to stay at pace with new regulations, risk mitigation, and the technological developments that support transformation.

Cost-Benefit 77

Cost-Benefit Testing Machine Learning Optimization 77

CIO Business Intelligence

NOVEMBER 21, 2023

Ask IT leaders about their challenges with shadow IT, and most will cite the kinds of security, operational, and integration risks that give shadow IT its bad rep. That’s not to downplay the inherent risks of shadow IT.

IT 137

IT Risk Cost-Benefit Risk Management 137

CIO Business Intelligence

MARCH 4, 2024

Tungsten Automation is delivering the benefits of AI-driven automation through a comprehensive suite of capabilities that can automate everything from low-value and repetitive data entry tasks through to highly complex actions such as risk analysis and fraud detection.

Cost-Benefit 139

Cost-Benefit Predictive Analytics Data-driven Finance 139

Domino Data Lab

AUGUST 6, 2021

Model Risk Management is about reducing bad consequences of decisions caused by trusting incorrect or misused model outputs. Systematically enabling model development and production deployment at scale entails use of an Enterprise MLOps platform, which addresses the full lifecycle including Model Risk Management. What Is Model Risk?

Risk Management 64

Risk Management Risk Modeling Enterprise 64

IBM Big Data Hub

SEPTEMBER 12, 2023

Through the pilots, the UK government found that novel, digital, risk-based methods for border control can provide higher quality data and could decrease decision-making time for goods entering Britain by 17%. The models also reduce private sector customs data collection costs by 40%.

Testing 91

Testing Modeling Cost-Benefit Consulting 91

CIO Business Intelligence

OCTOBER 12, 2023

Premium Plus includes access to sustainability insights derived from business processes’ carbon footprints and financial costs (SAP’s “ green ledger ”), new generative AI capabilities accessed through its Joule virtual assistant, improved forecasting, and the ability to create a portal for suppliers to simplify spend management.

Cost-Benefit 124

Cost-Benefit Uncertainty Enterprise Risk 124

CIO Business Intelligence

SEPTEMBER 29, 2023

Financial organizations want to capture generative AI’s tremendous potential while mitigating its risks. Most predominantly, these organizations talk about the risks that are an intrinsic part of generative AI technology. Finance is a document-heavy industry, requiring applications, contracts, account statements, and more.

Finance 133

Finance Unstructured Data Risk Cost-Benefit 133

CIO Business Intelligence

MAY 23, 2023

Our goal will be to achieve this multi-cloud strategy in a way that is cost-neutral to customers, while allowing them to choose where they want to run applications or workloads. That’s what this is all about – ensuring customer choice and flexibility in managing their data and workloads. To learn more, visit Broadcom.

Uncertainty 145

Uncertainty Cost-Benefit Risk Technology 145

CIO Business Intelligence

OCTOBER 3, 2023

These tools bring benefits beyond automation. They enable greater efficiency and accuracy and error reduction, better decision making, better compliance and risk management, process optimisation and greater agility. These could include cost savings, increased efficiency, better customer experiences or enhanced competitive advantage.

Cost-Benefit 122

Cost-Benefit Machine Learning Interactive Software 122

IBM Big Data Hub

NOVEMBER 24, 2023

While rebuild results in maximum benefit, there is a need for high degree of investment, whereas rehost is about moving applications and data as such to cloud without any optimization and this requires less investments while value is low. Generative AI also helps generate use cases based on code insights and functional mapping.

Cost-Benefit 98

Cost-Benefit Testing Data-driven Enterprise 98

erwin

MARCH 25, 2021

And with many competing projects and activities vying for people’s time, it must be clear to people why choosing data governance activities will have a direct benefit to them. Usually we talk about benefits which are rather qualitative measures, but what we need for decision-making processes are values,” Pörschmann says. “We

Data Governance 109

Data Governance IT Cost-Benefit Risk 109

Smart Data Collective

MAY 7, 2023

Some of them are: Business formation documents Employment records Business asset records Tax returns and supporting documents Sales receipts Ledgers and registers Leases or mortgage documents Shareholder meeting minutes Bank and credit card statements Licenses and permits Insurance policies and records Loan documents.

Insurance 109

Insurance Cost-Benefit Measurement Data Processing 109

CIO Business Intelligence

DECEMBER 20, 2023

Faster app development: By leveraging Generative AI, companies can automate documentation generation, improve software reusability, and seamlessly integrate AI functions such as chatbots and image recognition into low-code applications. With the right partner, the results of this next wave of transformation will be remarkable.

Digital Transformation 128

Digital Transformation Testing Software Cost-Benefit 128

IBM Big Data Hub

FEBRUARY 7, 2024

These efforts often go hand in hand with broader corporate sustainability initiatives and can lead to significant cost savings and improved environmental performance. As more companies set broad environmental, social and governance (ESG) goals, finding a way to track and accurately document progress is increasingly important.

Reporting 97

Reporting Cost-Benefit Internet of Things Data-driven 97

CIO Business Intelligence

JULY 6, 2023

One thing is for sure – meeting ESG goals can drive value if it can be done consistently, with automation and minimal costs. From 1 January 2024, the provisions relating to supplier risk management will also apply to companies with more than 1,000 employees.

Cost-Benefit 95

Cost-Benefit Risk Digital Transformation Risk Management 95

CIO Business Intelligence

DECEMBER 19, 2023

Meanwhile, CIOs must still reduce technical debt, modernize applications, and get cloud costs under control. Create these six generative AI workstreams CIOs should document their AI strategy for delivering short-term productivity improvements while planning visionary impacts.

Digital Transformation 143

Digital Transformation Unstructured Data Machine Learning Risk Management 143

IBM Big Data Hub

JANUARY 19, 2024

Together, these documents help ensure businesses are prepared to face a variety of threats including power outages, ransomware and malware attacks, natural disasters and many more. Disaster recovery plans (DRPs) are detailed documents describing how companies will respond to different types of disasters.

Strategy 98

Strategy Cost-Benefit Testing Risk 98

IBM Big Data Hub

JANUARY 11, 2024

Disaster recovery plan (DRP): A disaster recovery plan (DRP) is a document that clearly outlines how an enterprise will recover from an unexpected event. The benefits of business disaster recovery Disasters can cause all kinds of problems for businesses. million—a 15% increase over the last 3 years.

Cost-Benefit 102

Cost-Benefit Risk Enterprise Software 102

CIO Business Intelligence

MAY 16, 2023

They determined and executed a ‘store versus destroy’ strategy for paper documents based on client classification and record retention schedules 4. ● The correct documents were then put in long-term storage to meet compliance requirements 5. ● A global bank with more than 1,400 branches in Latin America indexed critical customer data.

Digital Transformation 104

Digital Transformation Uncertainty Risk Cost-Benefit 104

IBM Big Data Hub

APRIL 4, 2024

The cloud represents a strategic tool to enable digital transformation for financial institutions As the banking and other regulated industry continues to shift toward a digital-first approach, financial entities are eager to use the benefits of digital disruption. Most of these new technologies are born-in-cloud.

Cost-Benefit 60

Cost-Benefit Risk Management Risk Digital Transformation 60

CIO Business Intelligence

DECEMBER 11, 2023

“This regulation aims to ensure that fundamental rights, democracy, the rule of law and environmental sustainability are protected from high risk AI, while boosting innovation and making Europe a leader in the field,” said the press release issued by European Parliament.

Risk 127

Risk Testing Insurance Cost-Benefit 127

erwin

AUGUST 20, 2020

Benefits of Enterprise Architecture. Through EA, organizations benefit from a context-rich, top-down and holistic perspective of their structure, including its limitations and potential. As a practice, EA involves the documentation, analysis, design and implementation of an organization’s assets and structure.

Enterprise 140

Enterprise Cost-Benefit Risk Data Governance 140

Smart Data Collective

DECEMBER 21, 2020

We previously talked about the benefits of data analytics in the insurance industry. Key benefits of AI include recognizing speech, identifying objects in an image, and analyzing natural or unstructured data forms. Capturing data from documents. Estimation of vehicle repair costs. billion from the insurance industry.

Insurance 135

Insurance Cost-Benefit Big Data Unstructured Data 135

Timo Elliott

MAY 8, 2023

You can see the company’s winning submission document here , with lots of details about the business goals, technical infrastructure, benefits, and SAP products used. The outcomes are really impressive.

IoT 103

IoT Cost-Benefit Machine Learning Risk 103

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. When deployed effectively, a good DR plan can help stakeholders better understand the risks to regular business functions that a particular threat may pose.

Cost-Benefit 93

Cost-Benefit Risk Enterprise Advertising 93

Cloudera

JUNE 1, 2021

Cloudera will benefit from the operating capabilities, capital support and expertise of Clayton, Dubilier & Rice (CD&R) and KKR – two of the most experienced and successful global investment firms in the world recognized for supporting the growth strategies of the businesses they back. Wrapping it up. What a day. 650-644-3900.

Uncertainty 144

Uncertainty Cost-Benefit Risk Strategy 144

CIO Business Intelligence

FEBRUARY 24, 2023

VMware Tanzu Labs partners with organizations worldwide to accelerate the delivery of software and modernize legacy apps, while reducing operating costs and risk working side by side with customers to build capabilities, transfer skills and knowledge, and instill a process that shows immediate and lasting impact.

Software 119

Software Uncertainty Risk Cost-Benefit 119

Smart Data Collective

SEPTEMBER 22, 2021

We have frequently talked about the benefits of using big data to make the most of your online marketing efforts. Businesswire talked about some of the benefits of using big data in print services. There are a number off benefits of big data in any business. AI and data analytics is a true gamechanger in this sector.

Management 100

Management Cost-Benefit Big Data Data-driven 100

erwin

SEPTEMBER 17, 2020

It’s paramount that organizations understand the benefits of automating end-to-end data lineage. Here are six benefits of automating end-to-end data lineage: Reduced Errors and Operational Costs. Business terms and data policies should be implemented through standardized and documented business rules.

Cost-Benefit 143

Cost-Benefit Data Governance Metadata Reporting 143

CIO Business Intelligence

APRIL 4, 2024

The cost of implementing and running AI models can be quite high, so you have to be really careful in assessing the business worthiness of AI use cases,” he says. Production is another area that benefits from AI. “At Our biggest risk is if our employees don’t use AI as much as they could.”

Enterprise 134

Enterprise Cost-Benefit Forecasting Strategy 134

IBM Big Data Hub

FEBRUARY 6, 2024

For example, a recent Kyndril study (link resides outside ibm.com) concluded that infrastructure failure can cost enterprises as much as USD 100,000 per hour, with application failure ranging from USD 500,000 to USD 1 million per hour. million—a 15% increase over the last 3 years.

Cost-Benefit 96

Cost-Benefit Testing Risk Strategy 96

IBM Big Data Hub

APRIL 25, 2024

This blog outlines some BPR examples that benefit from a BPM methodology. Benefits: Improved efficiency Reduced cost Enhanced transparency Customer relationship management (CRM) BPR is a pivotal strategy for organizations that want to overhaul their customer relationship management (CRM) processes.

Cost-Benefit 61

Cost-Benefit Finance Optimization Key Performance Indicator 61

CIO Business Intelligence

MARCH 27, 2024

Unfortunately, this need comes at a time when margins are tightening across many industries, and when the cost of the skilled humans who can deliver improved services is rising. This has the dual benefit of not only improving customer service but also improving staff engagement, leading to higher productivity and reduced churn.

Cost-Benefit 52

Cost-Benefit Manufacturing Finance Risk 52

datapine

SEPTEMBER 29, 2022

Paired to this, it can also: Improved decision-making process: From customer relationship management, to supply chain management , to enterprise resource planning, the benefits of effective DQM can have a ripple impact on an organization’s performance. These processes could include reports, campaigns, or financial documentation.

Data Quality 241

Data Quality Metrics Data-driven Management 241

Smart Data Collective

SEPTEMBER 13, 2022

In today’s more competitive, technology-driven corporate environment, all firms seeking to increase activity and productivity are reaping the benefits of the software world. SaaS makes sense for business managers who want the newest capabilities at a cheaper cost and without worrying about future business demands.

Cost-Benefit 105

Cost-Benefit Data Processing Software Data-driven 105

CIO Business Intelligence

JANUARY 4, 2024

How can implementing a CCA benefit financial institutions and their various business units in their quest for PCI security compliance? That, in turn, reduces IT cost, the time it takes staff to learn the environment, and the time to market. One of the significant advantages of a CCA is the potential for cost reduction.

Optimization 105

Optimization Cost-Benefit Reporting Enterprise 105

CIO Business Intelligence

FEBRUARY 7, 2024

API-first development yields a multitude of benefits, he adds, including abstraction of the underlying data, increased automation, better governance over data usage, and a more accessible audit trail. Organizations need to allocate resources for maintenance, updates, and support, impacting the cost-effectiveness of API management,” she says.

Business Objectives 124

Business Objectives Cost-Benefit Strategy Data-driven 124