John Wheeler

OCTOBER 21, 2019

Over the past month, I’ve been speaking to various groups to help them prepare for the onslaught of digital risks in their organizations. A common theme is the need for greater risk quantification beyond the realm of traditional, qualitative governance, risk and compliance (GRC) approaches.

Risk 53

Risk Risk Management Digital Transformation Insurance 53

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 133

IT Risk Cost-Benefit Risk Management 133

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 56

Cost-Benefit Risk Management Risk Digital Transformation 56

CIO Business Intelligence

DECEMBER 19, 2023

Meanwhile, CIOs must still reduce technical debt, modernize applications, and get cloud costs under control. Many technology investments are merely transitionary, taking something done today and upgrading it to a better capability without necessarily transforming the business or operating model.

Digital Transformation 141

Digital Transformation Unstructured Data Machine Learning Risk Management 141

CIO Business Intelligence

SEPTEMBER 14, 2023

Nasdaq is currently using gen AI for a range of applications, including supporting digital investigators’ efforts to identify financial crime risk and empowering corporate boards to consume presentations and disclosures more efficiently. The company, which reported net revenues of $3.6

Risk Management 110

Risk Management Risk Marketing Cost-Benefit 110

Decision Management Solutions

APRIL 23, 2019

, in which he states there are only three levers of value in insurance: Sell More, Manage Risk Better (aka underwriting and adjusting), and Cost Less to Operate. Let’s dive into greater detail on the second lever – Manage Risk Better. Insurers can also manage risk more effectively through continuous improvement.

Insurance 69

Insurance Risk Technology Management 69

Laminar Security

DECEMBER 22, 2023

In the age of cloud computing, data security and cost management are paramount for businesses. Data Security Posture Management (DSPM) serves as a critical tool in this landscape, offering businesses a way to keep their data secure while also managing their cloud storage costs effectively.

Cost-Benefit 95

Cost-Benefit Risk Optimization Risk Management 95

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. These data breaches can cost their victims in many ways.

Strategy 83

Strategy Measurement Risk Cost-Benefit 83

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. So business technology leaders in financial services are carefully navigating a path toward AI.

Insurance 140

Insurance Cost-Benefit Risk Technology 140

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. Cost in question The new gen AI features do come at a cost.

Cost-Benefit 108

Cost-Benefit Software Finance Interactive 108

CIO Business Intelligence

SEPTEMBER 7, 2023

That’s why, around the world, governments and the defense industry as a whole are now investing and exploring generative artificial intelligence (AI), or large language models (LLMs), to better understand what’s possible. The second challenge is managing new risks, which stem primarily from the threat of misinformation.

Unstructured Data 107

Unstructured Data Cost-Benefit Risk Data-driven 107

IBM Big Data Hub

APRIL 18, 2023

In contrast to older messaging standards, ISO 20022 provides a more comprehensive and structured data model, which makes it easier and more efficient for different financial institutions and payment systems to communicate with each other. Are your payment systems ready to reap these benefits?

Risk Management 111

Risk Management Cost-Benefit Risk Data-driven 111

IBM Big Data Hub

JANUARY 16, 2024

Since AI has an ability to find trends in data, AI helps insurers create personalized products which could lead to more accurate risk assessments and ease insurance costs for individuals. 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

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 75

Cost-Benefit Risk Digital Transformation Risk Management 75

IBM Big Data Hub

FEBRUARY 13, 2024

This data is fed into generational models, and there are a few to choose from, each developed to excel at a specific task. Generative adversarial networks (GANs) or variational autoencoders (VAEs) are used for images, videos, 3D models and music. Autoregressive models or large language models (LLMs) are used for text and language.

Enterprise 118

Enterprise Modeling Testing Data-driven 118

IBM Big Data Hub

DECEMBER 13, 2023

A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. This enables an effective and adaptive approach to sourcing that creates value and minimizes risk.

Strategy 66

Strategy Cost-Benefit Key Performance Indicator Consulting 66

CIO Business Intelligence

APRIL 13, 2023

Gartner projects that spending on information security and risk management products and services will grow 11.3% To better focus security spend, some chief information security officers (CISOs) are shifting their risk assessments from IT systems to the data, applications, and processes that keep the business going. “If

IT 109

IT Cost-Benefit Risk Consulting 109

CIO Business Intelligence

MARCH 9, 2023

IT leaders may find that prices are going up without an accompanying increase in benefits, with technology providers — less dependent on any one industry or geography — taking a harder line on deals, says Achint Arora, a partner in the pricing assurance practice at Everest Group. What’s more, technology contracts are often multilayered.

Cost-Benefit 106

Cost-Benefit Risk Uncertainty Technology 106

CIO Business Intelligence

NOVEMBER 23, 2022

Other priorities include delivering more strategic insights (41%), getting more active support from senior management (33%), and investing in additional EA resources, training, and certification (32%). Bizzdesigns asked respondents what IT benefits their EA program currently delivers and the top response was improved IT investment decisions.

Enterprise 123

Enterprise Cost-Benefit Digital Transformation Strategy 123

CIO Business Intelligence

DECEMBER 29, 2023

“The most pressing responsibilities for CIOs in 2024 will include security, cost containment, and cultivating a data-first mindset.” Building and deploying intelligent automation CIOs will need to operate more efficiently by accelerating the benefits of automation.

Cost-Benefit 135

Cost-Benefit Digital Transformation Consulting Strategy 135

FineReport

APRIL 9, 2024

From advanced analytics to predictive modeling, the evolving landscape of business intelligence is revolutionizing how data is processed and leveraged for actionable insights. These benefits include enhanced operational efficiency through streamlined processes and optimized resource allocation.

Business Intelligence 52

Business Intelligence Software Data-driven Predictive Modeling 52

CIO Business Intelligence

OCTOBER 11, 2022

When it comes to IT resourcing during tough economic times, cutting costs in the wrong places can be dangerous. Partnering with a trusted third-party, however, can help you deliver the following benefits safely and without breaking the bank: . Hybrid working significantly reduces real-estate footprint and costs.

Cost-Benefit 57

Cost-Benefit IT Risk Management Data Processing 57

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. Benefits of Enterprise Architecture. The benefits of EA include: Better decision-making. Reduced risks and costs.

Enterprise 140

Enterprise Cost-Benefit Risk Data Governance 140

Ontotext

APRIL 6, 2023

Knowledge graphs are changing the game A knowledge graph is a data model that uses semantics to represent real-world entities and the relationships between them. This model is used in various industries to enable seamless data integration, unification, analysis and sharing. standards modeled in a knowledge graph!

Manufacturing 83

Manufacturing Cost-Benefit Knowledge Discovery Optimization 83

Cloudera

FEBRUARY 24, 2021

Trend #1: The Crossroads of Risk Management and Emerging Technology. One shift the financial services industry will have to come to terms with is the fact that 2020 may have made risk management models of the past outdated or obsolete , particularly credit risk models.

Risk Management 61

Risk Management Risk Recreation/Entertainment Machine Learning 61

IBM Big Data Hub

SEPTEMBER 18, 2023

At the same time, we are increasingly seeing regulators more closely monitor the industry’s relationship with non-traditional players (such as fintechs and neobanks), aimed at mitigating the introduction of potential risks into the financial services ecosystem.

Risk 70

Risk Cost-Benefit Digital Transformation Risk Management 70

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

Cost-Benefit 74

Cost-Benefit Testing Strategy Risk Management 74

IBM Big Data Hub

JUNE 29, 2023

This blog explores the significance of IBP in today’s modern business landscape and highlights its key benefits and implementation considerations. What are the benefits of Integrated Business Planning process? Automation streamlines data processes reduces manual effort and minimizes the risk of errors or data discrepancies.

Key Performance Indicator 76

Key Performance Indicator Forecasting Sales Data Integration 76

CIO Business Intelligence

JANUARY 24, 2024

In my view, companies that split up these functions are seeing second-order consequences around communication, costs, and conflict, and are bringing these roles back together. Our analytics capabilities identify potentially unsafe conditions so we can manage projects more safely and mitigate risks.”

Risk Management 102

Risk Management Risk Management Digital Transformation 102

Smart Data Collective

MAY 8, 2022

When you combine big data with AI, you can help your users extract highly-valuable insights from data, foster data literacy across your company or organization, and take advantage of the many other benefits it offers. Improves decision making and reduces costs. Identifying risks. High-performance data systems and MapReduce.

Big Data 104

Big Data Data Analytics Analytics Cost-Benefit 104

CIO Business Intelligence

JULY 31, 2023

1 question now is to allow or not allow,” says Mir Kashifuddin, data risk and privacy leader with the professional services firm PwC US. Rapidly evolving risks Companies that have blocked the use of gen AI are finding that some workers are still testing it out. How has, say, ChatGPT hit your business model?”

Strategy 97

Strategy Risk Enterprise Risk Management 97

CIO Business Intelligence

MARCH 24, 2023

It encompasses the people, processes, and technologies required to manage and protect data assets. The Data Management Association (DAMA) International defines it as the “planning, oversight, and control over management of data and the use of data and data-related sources.”

Data Governance 142

Data Governance Management Metadata Data Quality 142

BizAcuity

JULY 26, 2021

A hybrid cloud environment aids in workload mobility, integration, and management across multiple computing environments. The foundation of a hybrid cloud model is the blend of private and public cloud infrastructures to allow workloads to move between the two interconnected environments. Reduced costs . Hardware costs.

IT 52

IT Cost-Benefit Data Processing Risk 52

IBM Big Data Hub

FEBRUARY 22, 2024

We introduced IBM Cloud for Financial Services , which includes an ecosystem of partner banks including BNP Paribas and CaixaBank, to help clients as they work to mitigate risk, address regulations, navigate their compliance and accelerate cloud adoption. In just a few years, we have helped some of the world’s leading banks transform.

Enterprise 74

Enterprise Risk Data Processing Business Driver 74

CIO Business Intelligence

MARCH 13, 2024

But the biggest benefit was to new and lower-skilled workers, who saw a 34% improvement. In February, McKinsey released the results of a survey showing that 84% of telcos using gen AI for customer services were seeing cost savings, and 45% of them reduced costs by 6% or more. But that was for tasks that the AI was good at.

IT 125

IT Consulting Testing Cost-Benefit 125

Smart Data Collective

SEPTEMBER 21, 2021

A growing number of businesses are starting to look for new data-driven approaches to streamline their business models. However, your data-driven business model won’t be very helpful if you don’t focus on the right metrics. Targeting the Right Variables for Your Data-Driven Retail Business Model.

Data-driven 107

Data-driven Metrics Big Data Sales 107

CIO Business Intelligence

SEPTEMBER 20, 2023

Equally important, the documented vision is a tool for agile teams to make implementation decisions when there are multiple ways to solve problems, each with different benefits and tradeoffs. Digital transformation initiatives are often the organization’s big bets to change the business and operating model.

Digital Transformation 128

Digital Transformation Uncertainty Metrics Business Objectives 128