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 includes processes that trace and document the origin of data, models and associated metadata and pipelines for audits.

Risk 76

Risk Modeling Management Metadata 76

Smart Data Collective

APRIL 19, 2021

But in most instances, the real risk comes from within. From conversing on personal devices (BYODs) to sending documents to the wrong recipient, or using unsecured applications for transfers, the risk for potential leaks is high. Around 66% of all data leaks are caused by employees making mistakes with digital records.

Risk 121

Risk Management Measurement Optimization 121

Smart Data Collective

FEBRUARY 14, 2023

However, it is important to understand the benefits and risks associated with cloud computing before making the commitment. With cloud computing, documents are saved online instead of locally, so they can be accessed from any device with an internet connection. An estimated 94% of enterprises rely on cloud computing.

Risk 98

Risk Cost-Benefit Software Technology 98

DataRobot Blog

JUNE 27, 2022

If the assumptions are being breached due to fundamental changes in the process being modeled, the deployed system is not likely to serve its intended purpose, thereby creating further model risk that the institution must manage. These observations would have spanned a distribution, which the model leveraged to make its forecasts.

Risk 59

Risk Modeling Metrics Measurement 59

CIO Business Intelligence

AUGUST 1, 2023

It would also empower linguists to translate historical documents. But digitizing the project could help collect all those materials in one place, giving everyone access to instant copies of these vital historical documents. Our measure of success is that nearly two dozen instances of ILDA have been created to date,” says Tepe.

Risk 98

Risk IT Software Digital Transformation 98

Jet Global

DECEMBER 21, 2020

In the more modern terminology of business, we could rephrase that to say “be careful about concentration risk.”. When an organization is too reliant on one company or market segment to drive revenue or ensure an adequate product supply, it creates concentration risk. Vendor Concentration Risk. Fourth-Party Concentration Risk.

Risk 98

Risk Reporting Sales Forecasting 98

Smart Data Collective

SEPTEMBER 7, 2021

Properly safeguard physical documents. You and your employees should treat sensitive paper documents with the same level of attention as you treat your online transactions. If the record has served its purpose in your office, keeping it around might be an unnecessary security risk. Ensure you encrypt your data.

Strategy 123

Strategy Risk Measurement IT 123

CIO Business Intelligence

AUGUST 30, 2023

In my previous column in May, when I wrote about generative AI uses and the cybersecurity risks they could pose , CISOs noted that their organizations hadn’t deployed many (if any) generative AI-based solutions at scale. Today, it is, as they create a mysterious new risk and attack surface to defend against.

Enterprise 132

Enterprise Risk Measurement Software 132

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

Cloudera

FEBRUARY 1, 2024

Day 0 — Design and Preparation: Focuses on designing and preparing for your installation, including gathering requirements, planning architecture, allocating resources, setting up network and security, and documentation creation. Security considerations: define security policies and implement necessary measures to protect data and resources.

Optimization 82

Optimization Measurement Testing Publishing 82

O'Reilly on Data

MAY 18, 2020

This article answers these questions, based on our combined experience as both a lawyer and a data scientist responding to cybersecurity incidents, crafting legal frameworks to manage the risks of AI, and building sophisticated interpretable models to mitigate risk. AI incidents, in other words, don’t require an external attacker.

Risk 359

Risk Modeling Data Processing Software 359

IBM Big Data Hub

JANUARY 22, 2024

An organization must establish and document its legal basis before collecting any data. According to the GDPR principle of purpose limitation, controllers must have an identified and documented purpose for collecting data. ” The organization documents all data processing activities.

Measurement 87

Measurement Risk Data Processing Data Collection 87

CIO Business Intelligence

NOVEMBER 7, 2023

As the end of 2023 approaches, it becomes imperative to assess the current landscape of cybersecurity threats, explore potential strategies to combat them, and explore the new practice measures that can be taken. PAM can help prevent insider threat risks and reduce the potential of credentials becoming compromised.

Measurement 126

Measurement Risk Strategy Statistics 126

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 108

Insurance Cost-Benefit Measurement Data Processing 108

CIO Business Intelligence

APRIL 8, 2024

Working with partner Amazon Web Services (AWS), the NFL has developed Digital Athlete, a platform that uses computer vision and ML to predict which players are at the highest risk of injury based on plays and their body positions. million video frames and documents about 100 million locations and positions of players on the field.

Analytics 107

Analytics Broadcasting Predictive Analytics Metrics 107

IBM Big Data Hub

APRIL 24, 2024

Mitigating privacy risks: The app limits data access to trusted employees who need it for their roles, and employees can access data only when they have a legitimate reason to. The Personal Information Protection and Electronic Documents Act (PIPEDA) Canada’s PIPEDA governs how private-sector businesses collect and use consumer data.

Risk 85

Risk Measurement Data Governance Insurance 85

bridgei2i

APRIL 23, 2020

The banking sector globally is definitely going to see impact, some more grave than the others and most of them are announcing short to mid term measure both from a customer and business risk mitigation standpoint. Europe is in worse shape than America, with banks in UK, Italy and Germany in the risk of being in red.

Risk 52

Risk Management Scorecard Forecasting 52

IBM Big Data Hub

FEBRUARY 7, 2024

In addition to CSRD, California has new mandatory reporting rules coming into play in 2024, while countries around the world are on the verge of implementing their own non-financial disclosure and documentation requirements. Reporting is also becoming critical to corporate social responsibility initiatives.

Reporting 97

Reporting Cost-Benefit Internet of Things Data-driven 97

CIO Business Intelligence

MAY 1, 2024

As Empath-IA took shape, Ingesan allocated 5% of the innovation budget to implement it and to explore other opportunities — an investment already with measurable ROI. So using the Empath-IA program as a starting point, Ingesan is prioritizing the application potential of gen AI in the field of occupational risk prevention.

Digital Transformation 92

Digital Transformation ROI Metrics Measurement 92

CIO Business Intelligence

AUGUST 18, 2023

For example, instead of negotiating who will bear the risk of inflation, the parties embrace the fact that inflation is a reality of business and collaborate to identify and invest in operational efficiencies to mitigate the risk of inflation. First, the model must balance risk and reward for both parties.

Measurement 95

Measurement Modeling Risk Management 95

Alation

SEPTEMBER 7, 2021

In this blog we will discuss how Alation helps minimize risk with active data governance. Governance influences how an organization’s objectives are set and achieved, how risk is monitored and addressed, and how performance is optimized. Organizations that run afoul of such laws risk damaging their reputation.

Data Governance 59

Data Governance Risk Data Quality Dashboards 59

Alation

AUGUST 17, 2022

The Risks of Early Data Governance Programs. The biggest risk was a lack of ownership. Too often, organizations don’t educate their users about data governance, security, and business risk,” claims analyst Jack Gold. If your definitions are bad, so is your governance/risk/security. Enterprise risk management.

Data Governance 92

Data Governance Risk Data-driven Measurement 92

Smart Data Collective

MAY 17, 2023

Since so many companies use Office 365, they need to make sure the documents stored on it are safe from hackers. While Office 365 offers built-in security features, it is essential to understand that these measures alone may not be sufficient to safeguard your business data. This entails shielding applications from cyberattacks.

Risk 88

Risk Measurement Software Management 88

John Wheeler

NOVEMBER 25, 2020

Integrated risk management (IRM) technology is uniquely suited to address the myriad of risks arising from the current crisis and future COVID-19 recovery. Re-starting business operations will require risk visibility not only across the organization but vertically down through the organization as well. Key Findings.

Marketing 110

Marketing Risk Management Risk Digital Transformation 110

Smart Data Collective

SEPTEMBER 25, 2023

The Significance of SBOM in Cybersecurity SBOM plays a critical role in enhancing cybersecurity by promoting transparency, aiding in vulnerability management, expediting incident response, ensuring compliance, and mitigating supply chain risks. When using third-party code, it’s essential to assess and monitor their security.

Software 110

Software Risk Data-driven IT 110

Jet Global

APRIL 25, 2024

Organizations that maintain SOX compliance support confidence in financial markets by operating within a framework that mitigates the risk of corporate fraud and strengthens the integrity of financial reporting. The majority of your SOX compliance audit will be spent reviewing internal controls for the purposes of risk management assessment.

Reporting 52

Reporting Risk Management Risk Software 52

IBM Big Data Hub

APRIL 4, 2024

Lots of innovation is happening, with new technologies emerging in areas such as data and AI, payments, cybersecurity and risk management, to name a few. A third-party risk management review, where the ISV needs to describe how it is complying to required controls. Most of these new technologies are born-in-cloud.

Cost-Benefit 60

Cost-Benefit Risk Management Risk Digital Transformation 60

CIO Business Intelligence

JUNE 8, 2023

Key skills for the role include resource allocation, risk and change management, quality assurance, communication, and leadership and team building. Relevant skills include security architecture design, threat modeling, compliance and regulations, security operations, risk assessment and management, and security infrastructure implementation.

IT 139

IT Digital Transformation Software Risk 139

datapine

SEPTEMBER 29, 2022

5) How Do You Measure Data Quality? In this article, we will detail everything which is at stake when we talk about DQM: why it is essential, how to measure data quality, the pillars of good quality management, and some data quality control techniques. These processes could include reports, campaigns, or financial documentation.

Data Quality 241

Data Quality Metrics Data-driven Management 241

Smart Data Collective

SEPTEMBER 30, 2021

Sometimes the most advanced security measure you can take is to cover the basics. In both cases, keeping the systems updated and backing up sensitive data can help you mitigate the risks. . You need to make sure that these security policies are both properly structured and carefully followed in order to prevent any security risks.

Measurement 128

Measurement Risk Software IT 128

erwin

MARCH 25, 2021

Usually we talk about benefits which are rather qualitative measures, but what we need for decision-making processes are values,” Pörschmann says. “We Risk Management and Regulatory Compliance. Risk management, specifically around regulatory compliance, is an important use case to demonstrate the true value of data governance.

Data Governance 109

Data Governance IT Cost-Benefit Risk 109

Laminar Security

SEPTEMBER 18, 2023

Do you know the data risks of your regular backup practices? I’ve previously discussed the risk of shadow data (those data stores you didn’t even know you had), and the team specifically dove into how versioning (a feature used to protect from accidental deletion) can unintentionally create shadow data. How do you combat the risk?

Risk 128

Risk Testing Data Governance Metadata 128

CIO Business Intelligence

JANUARY 23, 2024

Regardless of where organizations are in their digital transformation, CIOs must provide their board of directors, executive committees, and employees definitions of successful outcomes and measurable key performance indicators (KPIs). He suggests, “Choose what you measure carefully to achieve the desired results.

Measurement 136

Measurement Digital Transformation KPI Metrics 136

CIO Business Intelligence

NOVEMBER 6, 2023

In this evolving IT investment landscape, the definition of risk has not changed, but the timeframe for response has shortened.” Prepare for a quantum leap in hacking IT leaders must prepare for security risks — even those that are still years away, says Dietmar Fauser, CIO of Symphony. IT leaders of today must prioritize strategic HR.”

IT 139

IT Risk Technology Measurement 139

CIO Business Intelligence

JULY 6, 2023

From 1 January 2024, the provisions relating to supplier risk management will also apply to companies with more than 1,000 employees. Through an extensive risk analysis , the business partner portfolio is gradually stratified and high-risk business partners are identified for full SCDDA compliance.

Cost-Benefit 79

Cost-Benefit Risk Digital Transformation Risk Management 79

CIO Business Intelligence

NOVEMBER 23, 2022

The rush to partner with startups can result in relationships that are not aligned to both parties’ interests, leading to significant business-technology risks for a CIO. In the absence of a multistage due diligence process, an enterprise could face third-party risks. It worked hard and delivered the project.”

Risk 128

Risk Consulting Enterprise Technology 128

Laminar Security

AUGUST 31, 2023

However, with such accessibility comes potential risks: data breaches, unauthorized access, and compliance violations. As the digital landscape expands, the need for comprehensive data security measures becomes paramount. This combination offers unparalleled visibility and control to protect an organization’s most valued data.

Risk 88

Risk Data Warehouse Measurement Management 88