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CIOs weigh where to place AI bets — and how to de-risk them

CIO Business Intelligence

There are a lot of risks and a lot of land mines to navigate,” says the analyst. Coming to grips with risk The first step in making any bet — or investment — is to understand your ability to withstand risk. The opportunity is too big. According to IDC , core IT spending for AI will grow from $235.6 billion in 2024 to $521.0

Risk 133
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The risks and limitations of AI in insurance

IBM Big Data Hub

In my previous post , I described the different capabilities of both discriminative and generative AI, and sketched a world of opportunities where AI changes the way that insurers and insured would interact. Technological risk—data confidentiality The chief technological risk is the matter of data confidentiality.

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Optimizing Risk and Exposure Management – Roundtable Highlights

Cloudera

We recently hosted a roundtable focused on o ptimizing risk and exposure management with data insights. For financial institutions and insurers, risk and exposure management has always been a fundamental tenet of the business. Now, risk management has become exponentially complicated in multiple dimensions. .

Risk 97
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Automating Model Risk Compliance: Model Validation

DataRobot Blog

To start with, SR 11-7 lays out the criticality of model validation in an effective model risk management practice: Model validation is the set of processes and activities intended to verify that models are performing as expected, in line with their design objectives and business uses.

Risk 52
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How digital turned Nationale-Nederlanden into an omnichannel company

CIO Business Intelligence

The context tests us and it’s necessary to reinvent ourselves every day.” So as a fundamental part of its goal to be data-driven, for example, the company is in the midst of implementing a platform that can host all analytical capabilities.

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Supply Chain Tips for Software Companies to Avoid Data Breaches

Smart Data Collective

Luckily, this approach is beginning to change, primarily thanks to industry behemoths like Sonatype , who do everything they can to make software development companies aware of the risks associated with software supply chains. And today, we’ll talk about the most significant of these risks. However, they also pose a considerable risk.

Software 106
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10 Examples of How Big Data in Logistics Can Transform The Supply Chain

datapine

The rise of SaaS business intelligence tools is answering that need, providing a dynamic vessel for presenting and interacting with essential insights in a way that is digestible and accessible. Your Chance: Want to test a professional logistics analytics software? Your Chance: Want to test a professional logistics analytics software?

Big Data 275