CIO Business Intelligence

JUNE 3, 2024

However, amidst the allure of newfound technology lies a profound duality—the stark contrast between the benefits of AI-driven software development and the formidable security risks it introduces. AI-powered applications are vast and varied, but with them also comes significant risk. So, how can an organization defend itself?

Testing 64

Testing Risk Data-driven Cost-Benefit 64

CIO Business Intelligence

MARCH 6, 2024

Manufacturing in particular has become a bigger target for bad actors; in fact, it was one of the sectors most impacted by extortion attacks, according to Palo Alto Networks’ 2023 Unit 42 Extortion and Ransomware Report. Attacks against OT systems pose risks beyond financial losses. As Industry 4.0

ROI 126

ROI Manufacturing Cost-Benefit IoT 126

IBM Big Data Hub

OCTOBER 16, 2023

As more businesses use AI systems and the technology continues to mature and change, improper use could expose a company to significant financial, operational, regulatory and reputational risks. It encompasses risk management and regulatory compliance and guides how AI is managed within an organization. Trustworthiness is critical.

Risk 71

Risk Modeling Management Metadata 71

CIO Business Intelligence

JUNE 3, 2024

A new research study conducted by Foundry exposes what the most successful cloud cost management programs have in common, helping IT and financial leaders pinpoint FinOps approaches generating the highest savings. The Foundry study pulls this critical information out of the shadows, exposing how successful programs reach the highest payouts.

Cost-Benefit 59

Cost-Benefit ROI Optimization Software 59

FineReport

JUNE 19, 2023

Operational reports have the potential to greatly enhance business performance through the utilization of data-driven insights. These reports offer a structured and comprehensible representation of data, enabling a clearer understanding of complex issues that might otherwise remain elusive. What Is An Operational Report?

Operational Reporting 52

Operational Reporting Reporting Key Performance Indicator Dashboards 52

IBM Big Data Hub

MAY 28, 2024

A data protection strategy is a set of measures and processes to safeguard an organization’s sensitive information from data loss and corruption. While data security focuses on protecting digital information from threat actors and unauthorized access, data protection does all that and more.

Strategy 83

Strategy Measurement Risk Cost-Benefit 83

Jet Global

JANUARY 14, 2021

Financial reporting is fascinating, complicated, ever-evolving, and essential to the success of your organization. CFOs and the teams they lead must be adept at turning data into insightful financial reports , yet doing so becomes a bigger challenge and a greater obligation all the time. Cost to Read. Description. CFO Journal.

Reporting 90

Reporting Finance Cost-Benefit Consulting 90

CIO Business Intelligence

MAY 30, 2024

To achieve that, we needed a cost-effective solution that could streamline workflows, provide a robust view of procurement processes in real-time, identify rogue spending, and enable us to audit all agencies by the Dec. The demand is coming from companies [that] have been told by strategy firms that they must cut costs to preserve margins.

IT 138

IT Cost-Benefit Key Performance Indicator Dashboards 138

DataRobot Blog

MAY 10, 2022

Addressing the Key Mandates of a Modern Model Risk Management Framework (MRM) When Leveraging Machine Learning . The regulatory guidance presented in these documents laid the foundation for evaluating and managing model risk for financial institutions across the United States. To reference SR 11-7: .

Risk 64

Risk Modeling Machine Learning Data Quality 64

CIO Business Intelligence

NOVEMBER 6, 2023

This makes it more critical than ever to adopt strong security measures to protect sensitive information and infrastructure. However, while cloud computing offers benefits like improved efficiency, scalability, and accessibility, it poses new security challenges.

Risk 132

Risk Measurement Cost-Benefit Strategy 132

IBM Big Data Hub

AUGUST 1, 2023

Laptop management is the ability to enroll, configure, manage and report on laptops running operating systems like macOS, Microsoft Windows, ChromeOS, etc. Risk-based application patching helps IT pros discover vulnerable apps and automatically patch them based on the criticality of the situation.

Risk 54

Risk Management Machine Learning IoT 54

FineReport

MAY 9, 2023

A digital marketing report is essential for any business that wants to generate new customers and sales. When it comes to deciding between brands, products, or offers, consumers have access to all the information they need, thanks to the growing power of the internet. This article will tell you more about digital marketing reports.

Reporting 52

Reporting Marketing Advertising Metrics 52

datapine

SEPTEMBER 29, 2022

However, with all good things comes many challenges and businesses often struggle with managing their information in the correct way. Data quality management is a set of practices that aim at maintaining a high quality of information. It also requires a managerial oversight of the information you have. 1 – The people.

Data Quality 241

Data Quality Metrics Data-driven Management 241

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 82

Cost-Benefit Testing Machine Learning Optimization 82

CIO Business Intelligence

JANUARY 4, 2024

Financial institutions must ensure the protection of sensitive personal information, most commonly payment card data, to maintain, trust and meet various regulatory requirements. How can implementing a CCA benefit financial institutions and their various business units in their quest for PCI security compliance?

Optimization 105

Optimization Cost-Benefit Reporting Enterprise 105

IBM Big Data Hub

JUNE 12, 2023

As public cloud technology and hybrid multicloud architectures are being adopted in financial institutions at an increasing rate, we’re observing that their counterparts in the public sector— central banks—are a long way behind, due at least in part to a profoundly risk-averse approach.

Strategy 87

Strategy Cost-Benefit Digital Transformation Uncertainty 87

IBM Big Data Hub

FEBRUARY 7, 2024

Advanced technologies, more stringent reporting standards and stronger support from stakeholders are building momentum for eco-friendly initiatives and the incentives that encourage them. Sustainability reporting: Accountability on the record This may be the biggest year yet in sustainability reporting.

Reporting 90

Reporting Internet of Things Cost-Benefit Data-driven 90

CIO Business Intelligence

FEBRUARY 27, 2024

Your risk of data breach increases as soon as your assets are no longer protected from cyberthreats. This creates risk for the company, shareholders, customers and their brand. This is especially true of security, monitoring and reporting functions. The same principle applies to infrastructure.

Technology 105

Technology Management Manufacturing Cost-Benefit 105

AWS Big Data

FEBRUARY 1, 2024

The following are some of the key business use cases that highlight this need: Trade reporting – Since the global financial crisis of 2007–2008, regulators have increased their demands and scrutiny on regulatory reporting. The solution should be scalable, cost-efficient, and straightforward to adopt and operate.

Data Warehouse 125

Data Warehouse Dashboards Risk Management Risk 125

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

IBM Big Data Hub

NOVEMBER 8, 2023

Though the rule doesn’t go into effect until January 2026, companies must proactively and strategically prepare their supply chain now, as this complex regulation will require companies to collect and maintain detailed information about the ingredients, processing and distribution of certain products.

Cost-Benefit 107

Cost-Benefit Consulting Risk Reporting 107

Jet Global

DECEMBER 9, 2020

Inventory reduction has other benefits as well. The cost of holding inventory is often overlooked. You must often mark down or liquidate obsolete items, and the more inventory you have, the higher the risk of that happening. The stock reports that come with most ERP systems can’t typically answer those kinds of questions.

Reporting 81

Reporting Finance Sales Measurement 81

IBM Big Data Hub

MAY 14, 2024

Despite the headwinds, there are tailwinds in which we can use new technology to enable CFOs to perform in their business partnering roles and drive productivity, cost take out, accuracy, control and business value. Read the report: CEO’s guide to AI in finance Unlocking the value CFOs are not expected to be technology experts.

Finance 69

Finance Cost-Benefit Reporting Forecasting 69

CIO Business Intelligence

DECEMBER 27, 2023

Those same characteristics, however, reveal the risks AI pose to this sector. It’s really good at summarising, filling in blanks, and connecting dots, so generative AI is fit for purpose,” says Brian Baral, global head of risk at Genpact. AI will play a role in this workflow and classifying information,” he says.

Insurance 141

Insurance Cost-Benefit Risk Technology 141

CIO Business Intelligence

JUNE 30, 2023

CIOs and CFOs who have this chemistry know that the relative success of the relationship runs along three dimensions: The reporting structure : “Where the CIO reports should fit the nature of the business,” says McGittigan. The reporting structure should enable positive interaction between the CIO and CFO.”

Finance 116

Finance Cost-Benefit Digital Transformation Reporting 116

CIO Business Intelligence

JANUARY 9, 2024

The CIO doesn’t have to know all the information, but as the one who sees across the organization, the CIO should be able to bring insights that will help the other executives put all the pieces together.” “The CIO is at the nexus of those conversations,” says Tim Crawford, CIO strategic adviser at Los Angeles-based IT advisory firm AVOA.

IT 140

IT Risk Cost-Benefit Enterprise 140

IBM Big Data Hub

APRIL 18, 2023

ISO 20022 data improves payment efficiency The impact of ISO 20022 on payment systems data is significant, as it allows for more detailed information in payment messages. Are your payment systems ready to reap these benefits? Enhanced Risk Management: better identify and manage risks, such as fraud, credit risk and operational risk.

Risk Management 111

Risk Management Cost-Benefit Risk Data-driven 111

CIO Business Intelligence

NOVEMBER 8, 2023

The technology talent gap continues to inflate labor costs, too, despite big layoffs in high tech, CIOs say, and they’ve seen double-digit increases in SaaS and cloud costs over the last two years. They weren’t communicating enough and it cost them a lot,” he says. in June, 2022, to 3.7% Here’s how.

IT 133

IT Cost-Benefit Digital Transformation Software 133

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

CIO Business Intelligence

MARCH 23, 2023

As the world continues to experience economic uncertainty, IT leaders look to tighten budgets, consolidate tools and resources, and generally become more risk-averse when evaluating new investments. So how can you request a new investment from your decision-makers while ensuring minimal costs and maximum ROI this year?

Scorecard 59

Scorecard Cost-Benefit ROI IT 59

Smart Data Collective

JANUARY 25, 2023

While a growing number of construction companies are starting to appreciate the importance of analytics technology, some are still unaware of the benefits. Construction companies will be more likely to invest in it when they are informed about the advantages. Analytics can also reduce the costs of avoidable mistakes in construction.

Management 92

Management Analytics Cost-Benefit Analytics Technologies 92

IBM Big Data Hub

JANUARY 19, 2024

Last year, companies spent USD 219 billion on cybersecurity and solutions alone, a 12% increase from 2022, according to a recent report by the International Data Corporation (IDC) (link resides outside ibm.com). Reducing costs: According to IBM’s recent Cost of Data Breach Report , the average cost of a data breach in 2023 was USD 4.45

Strategy 91

Strategy Cost-Benefit Testing Risk 91

CIO Business Intelligence

JULY 15, 2022

While working with IT vendors can help ease the burden on IT, it also raises concerns, especially around data, risk, and security. Benefits of vendor management. Building that relationship and foundation is one of the main goals and benefits of vendor management. Left unmanaged, vendor partnerships can quickly fall behind.

Management 122

Management Cost-Benefit Risk Software 122

IBM Big Data Hub

APRIL 10, 2023

A well-designed data architecture should support business intelligence and analysis, automation, and AI—all of which can help organizations to quickly seize market opportunities, build customer value, drive major efficiencies, and respond to risks such as supply chain disruptions.

Strategy 87

Strategy Data Architecture Cost-Benefit Reporting 87

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. In the highly regulated world of finance, generative AI can help produce compliance reports. Automation.

Finance 133

Finance Unstructured Data Risk Cost-Benefit 133

IBM Big Data Hub

JULY 26, 2023

Discover the current and emerging use cases for AI in waste management, optimization, energy reduction and ESG reporting. AI solutions work by collecting asset performance data and feeding it into machine learning models, which can predict asset health and risk of failure. It’s not about minimizing travel.

Optimization 73

Optimization Manufacturing Cost-Benefit Reporting 73

CIO Business Intelligence

NOVEMBER 23, 2022

Goals of enterprise architecture EA is guided by the organization’s business requirements — it helps lay out how information, business, and technology flow together. A good EA strategy considers the latest innovations in business processes, organizational structure, agility, information systems, and technologies.

Enterprise 128

Enterprise Cost-Benefit Digital Transformation Strategy 128