IBM Big Data Hub

SEPTEMBER 12, 2023

The UK government’s Ecosystem of Trust is a potential future border model for frictionless trade, which the UK government committed to pilot testing from October 2022 to March 2023.

Testing 86

Testing Modeling Cost-Benefit Consulting 86

Smart Data Collective

OCTOBER 26, 2023

AI poses a number of benefits and risks for modern businesses. AI technology is helping with cybersecurity in a myriad of ways. A successful breach can result in loss of money, a tarnished brand, risk of legal action, and exposure to private information. One of the most striking examples is in the field of cybersecurity.

Technology 91

Technology Risk Measurement IoT 91

Cloudera

FEBRUARY 4, 2021

Financial services institutions need the ability to analyze and act on massive volumes of data from diverse sources in order to monitor, model, and manage risk across the enterprise. They need a comprehensive data and analytics platform to model risk exposures on-demand. Cloudera is that platform. End-to-end Data Lifecycle.

Risk 89

Risk Marketing Technology Management 89

Smart Data Collective

AUGUST 30, 2022

The market for cloud technology is booming. Enterprise cloud technology applications are the future industry standard for corporations. Here’s how enterprises use cloud technologies to achieve a competitive advantage in their essential business applications. Testing new programs. Data streaming.

Technology 133

Technology Enterprise Cost-Benefit Testing 133

IBM Big Data Hub

MAY 8, 2023

This blog continues the discussion, now investigating the risks of adopting AI and proposes measures for a safe and judicious response to adopting AI. Risk and limitations of AI The risk associated with the adoption of AI in insurance can be separated broadly into two categories—technological and usage.

Insurance 69

Insurance Risk Testing Data Quality 69

CIO Business Intelligence

JANUARY 19, 2023

Schneider Electric’s IT organization achieved that goal by reducing the layers for technology- and budget-related approvals, and by trusting managers and staff to make as many of those decisions as possible within the company’s “delegation of authority pathways” framework. They just need visibility.

Testing 134

Testing Digital Transformation Risk Management 134

Smart Data Collective

AUGUST 9, 2022

The risk of data breaches is rising sharply. Fortunately, new technology can help enhance cybersecurity. Big data technology is becoming more important in the field of cybersecurity. However, Agile technology defies this rule of thumb, especially when developers leverage big data effectively.

Big Data 110

Big Data Technology Testing Cost-Benefit 110

DataRobot Blog

APRIL 29, 2022

This provides a great amount of benefit, but it also exposes institutions to greater risk and consequent exposure to operational losses. The stakes in managing model risk are at an all-time high, but luckily automated machine learning provides an effective way to reduce these risks.

Risk 111

Risk Modeling IT Risk Management 111

Smart Data Collective

JANUARY 4, 2023

Fortunately, big data and smart technology are helping hospitalists overcome these issues. Here are some fascinating ways data and smart technology are helping hospitalists. Big data and smart technology are helping hospitalists improve billing accuracy in many ways. First, this innovative technology reduces the risk of errors.

Technology 110

Technology Big Data Metrics Data-driven 110

CIO Business Intelligence

MAY 17, 2022

Even if the AI apocalypse doesn’t come to pass, shortchanging AI ethics poses big risks to society — and to the enterprises that deploy those AI systems. The following real-world implementation issues highlight prominent risks every IT leader must account for in putting together their company’s AI deployment strategy.

Risk 145

Risk Consulting Machine Learning Data Science 145

Decision Management Solutions

APRIL 23, 2019

In February, we published a blog post on “Using Technology to Add Value in Insurance”. In that post, I referenced Matt Josefowticz’s article – Technology May be the Answer for Insurers, but What Was the Question? , Let’s dive into greater detail on the second lever – Manage Risk Better.

Insurance 69

Insurance Risk Technology Management 69

CIO Business Intelligence

AUGUST 16, 2023

But today, Svevia is driving cross-sector digitization projects where new technology for increased safety for road workers and users is tested. Digital alerts Another project deals with slow-moving vehicles, something that increases the risk of accidents on the roads. This leads to environmental benefits and fewer transports.

Risk 98

Risk Cost-Benefit Digital Transformation Internet of Things 98

CIO Business Intelligence

MARCH 13, 2023

Stay tuned for future blogs that dive into the technology behind these trends from more of Broadcom’s industry-leading experts. It’s also been flagged as a risk: cybersecurity companies have identified bad actors using ChatGPT to create malware. That’s usually a sign that the use of an application has become widespread.

Technology 145

Technology Machine Learning Data-driven Testing 145

Cloudera

OCTOBER 20, 2021

As part of these efforts, disclosure requirements will mandate that firms provide “the impact of a company’s activities on the environment and society, as well as the business and financial risks faced by a company due to its sustainability exposures.” What are the key climate risk measurements and impacts? They need to understand;

Risk 82

Risk Modeling Risk Management Measurement 82

CIO Business Intelligence

MARCH 18, 2024

Every business in some form or another is looking to adopt and integrate emerging technologies—whether that’s artificial intelligence, hybrid cloud architectures, or advanced data analytics—to help achieve a competitive edge and reach key operational goals. So, with no time to waste, where should they get started?

Risk Management 120

Risk Management Insurance Risk Testing 120

Smart Data Collective

OCTOBER 13, 2021

The market for AI technology is growing remarkably. While marketing remains relevant and essential, AI technology provides endless opportunities that create a massive edge between you and your competitors. AI technology helps businesses respond to change and new business opportunities effectively. Leverage innovation.

Technology 120

Technology Cost-Benefit Experimentation Machine Learning 120

Smart Data Collective

SEPTEMBER 7, 2021

Technologies became a crucial part of achieving success in the increasingly competitive market, including big data and analytics. Top technologies helping organisations accomplish business goals. Retailers can conduct A/B testing to find out which prices work the best. Source: Statista. Key advantages of big data in retail.

Big Data 124

Big Data Technology Cost-Benefit Predictive Analytics 124

CIO Business Intelligence

APRIL 5, 2024

The European Union and the US have agreed to increase co-operation in the development of technologies based on artificial intelligence (AI), placing a particular emphasis on safety and governance. The emphasis is on developing “safe, secure, and trustworthy” AI technologies.

Risk 130

Risk Testing Consulting Machine Learning 130

CIO Business Intelligence

MARCH 11, 2024

It will improve project management, help with requirements creation, assist developers with coding, cover the system with auto-tests, report defects, and improve deployment. The bad news is that it will take years for corporations to widely adopt this technology, as there are still too many obstacles in the way.

Software 98

Software Testing Data-driven Risk 98

Smart Data Collective

MAY 10, 2022

One of the critical industries AI is making strides in is the financial technology “fintech” industry. For example, banks now apply AI to assess credit risks with high accuracy. They include; Credit risk assessment. Backtesting refers to testing trading models based on historical data.

Marketing 109

Marketing Technology Insurance Machine Learning 109

CIO Business Intelligence

MAY 30, 2024

Generative AI is poised to disrupt nearly every industry, and IT professionals with highly sought after gen AI skills are in high demand, as companies seek to harness the technology for various digital and operational initiatives.

Digital Transformation 133

Digital Transformation Machine Learning Software Testing 133

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 52

Testing Risk Cost-Benefit Data-driven 52

CIO Business Intelligence

APRIL 12, 2024

This anticipated move could completely transform how these companies hire new employees and how they manage and deliver the technology employees use. Right now most organizations tend to be in the experimental phases of using the technology to supplement employee tasks, but that is likely to change, and quickly, experts say.

Experimentation 143

Experimentation Reporting Testing Statistics 143

O'Reilly on Data

JUNE 15, 2023

Within two months, ChatGPT had over a hundred million users—faster adoption than any technology in history. Should we risk loss of control of our civilization?” And they are stress testing and “ red teaming ” them to uncover vulnerabilities. The hand wringing soon began. Some systems and use cases are riskier than others.

Metrics 280

Metrics Reporting Measurement Finance 280

CIO Business Intelligence

AUGUST 1, 2023

Data collection on tribal languages has been undertaken for decades, but in 2012, those working at the Myaamia Center and the National Breath of Life Archival Institute for Indigenous Languages realized that technology had advanced in a way that could better move the process along. “We

Risk 98

Risk IT Software Digital Transformation 98

CIO Business Intelligence

MAY 8, 2024

In addition to its technology solution, it has a range of professional services that covers company secretaries, investor and media relations, employees, environment, and social governance, among others. But hard lessons were learned early on to not only seek out the right ones, but understand that partners are needed in the first place.

Risk 111

Risk Testing Strategy Technology 111

Cloudera

MARCH 28, 2019

For all the advances in big data, machine learning and computational simulation in the decade since the global financial crisis, incumbent banks, still preoccupied with the twin imperatives of ever-tougher regulatory compliance and boosting shareholder returns, are playing catch-up in their adoption of new technologies. Risk management 3.0.

Risk 74

Risk Management Risk Management Machine Learning 74

DataRobot Blog

JUNE 3, 2022

Artificial intelligence (AI) has introduced new dynamics in the information and communication technology space. However, the proliferation of these technologies and the increasing application of AI in many sectors of life is prompting legitimate concerns about human job replacements and other ethical, moral, and sociological effects.

Risk 52

Risk Predictive Modeling Modeling Technology 52

Rocket-Powered Data Science

FEBRUARY 15, 2023

Third, any commitment to a disruptive technology (including data-intensive and AI implementations) must start with a business strategy. 3) How do we get started, when, who will be involved, and what are the targeted benefits, results, outcomes, and consequences (including risks)?

Strategy 290

Strategy Experimentation Uncertainty Machine Learning 290

BizAcuity

JULY 15, 2022

This also meant leveraging blockchain technology for supply chain management could revolutionize the logistics industry forever. What is Blockchain Technology? Blockchain is a decentralized, publicly distributed record-keeping technological solution that eliminates the need for any intermediaries to get involved. Industry 5.0

Technology 52

Technology Management IoT Cost-Benefit 52

IBM Big Data Hub

JULY 26, 2023

Digital twin technology, an advancement stemming from the Industrial Internet of Things (IIoT), is reshaping the oil and gas landscape by helping providers streamline asset management, optimize performance and reduce operating costs and unplanned downtime. The use of digital twins is one such innovation.

Technology 53

Technology Cost-Benefit Optimization Internet of Things 53

CIO Business Intelligence

OCTOBER 20, 2023

IT teams hold a lot of innovation power, as effective use of emerging technologies is crucial for informed decision-making and is key to staying a beat ahead of the competition. But adopting modern-day, cutting-edge technology is only as good as the data that feeds it.

Data Integration 130

Data Integration Management Testing Cost-Benefit 130

Ontotext

APRIL 3, 2024

Nimit Mehta : You are talking about the three big ones: cost, revenue, and risk. And, when you get to the top, it’s about risks and existential threats to the business. How do I make sure I can manage risk?” We are currently doing non-financial risk identification for a big Financial Services organization.

Technology 59

Technology Risk Digital Transformation Measurement 59

IBM Big Data Hub

SEPTEMBER 6, 2023

From customized content creation to task automation and data analysis, AI has seemingly endless applications when it comes to marketing, but also some potential risks. Today, AI technologies are being used more widely than ever to generate content, improve customer experiences and deliver more accurate results. What is AI marketing?

Marketing 81

Marketing Technology Advertising ROI 81

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 5, 2024

India’s Ministry of Electronics and Information Technology (MeitY) has caused consternation with its stern reminder to makers and users of large language models (LLMs) of their obligations under the country’s IT Act, after Google’s Gemini model was prompted to make derogatory remarks about Indian Prime Minister Narendra Modi.

Testing 128

Testing Modeling Cost-Benefit Reporting 128

CIO Business Intelligence

DECEMBER 13, 2023

Technology never stops evolving or constantly experiencing changes and improvements. Technology is becoming more and more relevant in our daily tasks and every year new technologies promise to change the paradigm of our reality.

Machine Learning 119

Machine Learning Software Testing Risk 119