O'Reilly on Data

MAY 18, 2020

To date, at least 1,200 reports of AI incidents have been recorded in various public and research databases. Materiality is a widely used concept in the world of model risk management , a regulatory field that governs how financial institutions document, test, and monitor the models they deploy. How Material Is the Threat?

Risk 357

Risk Modeling Data Processing Software 357

CIO Business Intelligence

MAY 9, 2022

Nearly two decades since the term ESG was coined in a groundbreaking report called, Who Cares Wins , mindful and planet-affirmative investing has become both smart and mainstream. This has expanded the scope of regulatory requirements businesses need to consider and concomitantly increased their concerns regarding risk management.

Insurance 97

Insurance Risk Risk Management Enterprise 97

IBM Big Data Hub

FEBRUARY 15, 2024

Heavy rain and tropical storms: Climate change alters precipitation patterns, with NASA reporting more frequent periods of excess precipitation. Meanwhile, insurance companies are increasingly declining to provide property insurance in areas vulnerable to extreme weather, leaving homeowners there at greater financial risk.

Insurance 62

Insurance Risk Strategy Risk Management 62

Cloudera

MARCH 25, 2021

The protection and controls around data become increasingly complex when used in the context of banking and insurance activities. Personal and confidential information carries heightened sensitivity in the light of financial, health and insurance activities. Financial institutions and insurers understand the benefits of more data.

Data Strategy 65

Data Strategy Strategy Enterprise Insurance 65

IBM Big Data Hub

OCTOBER 9, 2023

At the beginning of 2023, according to IBM Security’s “ Threat Intelligence Index ” report, healthcare was in the top 10 most-attacked industries on the planet. The “ Cost of a Data Breach 2023” report also uncovered that, since 2020, healthcare data breach costs have increased by 53.3%.

Risk Management 80

Risk Management Risk Management Measurement 80

CIO Business Intelligence

MARCH 13, 2024

According to a research report IDC released in November, based on a survey of over 2,100 business leaders and decision makers with responsibility for AI transformation, 71% of companies already using AI are seeing returns on their AI investments within 14 months, averaging $3.50 for every $1 spent.

IT 128

IT Consulting Testing Cost-Benefit 128

CDW Research Hub

FEBRUARY 14, 2020

As a prerequisite, your organization must already have governance and risk management teams, which will define the company policies and set compliance standards from which you can establish procedures. They will also define what is or isn’t acceptable with regard to risk, and what type of compliance your organization needs.

Risk 52

Risk Reporting Measurement Insurance 52

DataRobot

AUGUST 9, 2021

For instance, the New York Times recently reported, “ We Need Laws to Take On Racism and Sexism in Hiring. ”. General Data Protection Regulation, California Consumer Privacy Act, SR 11-7 Guidance on Model Risk Management, etc). It empowers enterprises to measure, monitor, and manage AI-introduced risks at scale.

Machine Learning 52

Machine Learning Risk Testing Insurance 52

BizAcuity

JULY 26, 2021

According to the 2019 report by Flexera enterprises with a hybrid strategy grew to 58% in 2019 from 51% in 2018. A hybrid cloud environment aids in workload mobility, integration, and management across multiple computing environments. Improved security and risk management. What is a hybrid cloud?

IT 52

IT Cost-Benefit Data Processing Risk 52

Cloudera

SEPTEMBER 7, 2023

But these measures alone may not be sufficient to protect proprietary information. The Danger of Black-Box AI Solutions We believe the best, most pragmatic solution for AI in financial services and insurance is what we call–“Trusted AI.” Enable reporting to internal teams about the statuses of AI projects.

Insurance 81

Insurance Risk Data-driven Finance 81

Cloudera

FEBRUARY 15, 2024

While there are clear reasons SVB collapsed, which can be reviewed here , my purpose in this post isn’t to rehash the past but to present some of the regulatory and compliance challenges financial (and to some degree insurance) institutions face and how data plays a role in mitigating and managing risk.

Insurance 86

Insurance Data Architecture Risk Management Risk 86

Corinium

APRIL 25, 2019

Ahead of the Chief Data Analytics Officers & Influencers, Insurance event we caught up with Dominic Sartorio, Senior Vice President for Products & Development, Protegrity to discuss how the industry is evolving. I am head of Products here, which comprises of R&D, Product Management and Global Customer support.

Insurance 150

Insurance Risk IoT Cost-Benefit 150

DataRobot

SEPTEMBER 16, 2021

Accurate pricing is essential to protecting an insurance company’s bottom line. Pricing directly impacts the near-term profitability and long-term health of an insurer’s book of business. All features are designed to increase the efficiency and accuracy of insurance loss cost modeling. Loss cost modeling-related features.

Modeling 52

Modeling Insurance Cost-Benefit Machine Learning 52

CIO Business Intelligence

APRIL 22, 2022

Almost any IT pro can benefit from adding a project management certification to their list of IT credentials, showing you have the know-how to plan, schedule, budget, execute, deliver, and report on IT initiatives. Top project management certifications. Requirements: No prerequisites.

Management 111

Management Cost-Benefit Testing Risk 111

Domino Data Lab

FEBRUARY 4, 2019

Eric’s article describes an approach to process for data science teams in a stark contrast to the risk management practices of Agile process, such as timeboxing. The ability to measure results (risk-reducing evidence). Ensure a culture that supports a steady process of learning and experimentation.

Data Science 66

Data Science Experimentation Data-driven Machine Learning 66

AWS Big Data

AUGUST 14, 2023

How do we define “risk” and “value” in the context of data products, and how can we measure this? To answer questions such as these and plan accordingly, organizations must implement data product portfolio management (DPPM). Strategies for measuring value and prioritizing data products are explored later in this post.

Management 83

Management Risk Measurement Optimization 83

Alation

MARCH 24, 2022

It is critical that firms view data security as part of governance, risk management, and compliance (GRC). With the rise of the internet, concerns around spam and identity theft gave rise to early online privacy measures. A bank vault has both security and privacy measures in place to protect the contents within.

Data Governance 52

Data Governance Risk Data-driven Measurement 52

Andrew White

JANUARY 11, 2021

What is unique about the D&A Leadership Vision is that it crossed over into business since for many organizations, the CDO reports into the CEO or COO (as examples). The fill report is here: Leadership Vision for 2021: Data and Analytics. Value Management or monetization. Product Management. Governance. Architecture.

Data Analytics 52

Data Analytics Analytics Data-driven Finance 52

CIO Business Intelligence

APRIL 12, 2022

Even though Nvidia’s $40 billion bid to shake up enterprise computing by acquiring chip designer ARM has fallen apart, the merger and acquisition (M&A) boom of 2021 looks set to continue in 2022, perhaps matching the peaks of 2015, according to a report from risk management advisor Willis Towers Watson.

Technology 143

Technology Enterprise Consulting Software 143

Jet Global

NOVEMBER 15, 2021

A Tax Key Performance Indicator (KPI) or metric is a clearly defined quantifiable measure that an organization, or business, uses to measure the success of its Tax Function over time. to non-traditional KPIs including reputational risk management, efficiency and effectiveness of processes, innovative use of technology, etc.

Metrics 52

Metrics Reporting KPI Risk Management 52

Jet Global

MARCH 2, 2022

In recent years, investors have been placing an increased emphasis on a range of environmental, social, and governance (ESG) issues resulting in ESG reporting becoming more important. As a result, there are more demands on companies to report on their activities and practices and how they impact environmental and social sustainability.

Reporting 59

Reporting Recreation/Entertainment Risk Insurance 59

Jet Global

JUNE 21, 2021

A number of approaches are currently being proposed, underpinned by the need of governments worldwide to recoup funds in the wake of business assistance programs necessitated by the pandemic, including one that features measures as revolutionary as a common basic tax rate for every nation. Read how to elevate tax to a strategic function.

Recreation/Entertainment 98

Recreation/Entertainment Digital Transformation Finance Reporting 98