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The Java migration imperative: Why your business should upgrade now

CIO Business Intelligence

However, to truly take advantage of modern Java, apps built for the ecosystem must be constantly maintained to maximize performance and minimize exposure to risks and security vulnerabilities. Generally, as vulnerabilities are identified in any software or programming languages, patches are issued to plug the hole and mitigate risk.

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6 business risks of shortchanging AI ethics and governance

CIO Business Intelligence

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.

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Rising Tide Rents and Robber Baron Rents

O'Reilly on Data

But this kind of virtuous rising tide rent, which benefits everyone, doesn’t last. Back in 1971, in a talk called “ Designing Organizations for an Information-rich World ,” political scientist Herbert Simon noted that the cost of information is not just money spent to acquire it but the time it takes to consume it. “In

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Developments in AI and IMF Positions Can Make Bitcoin Legally Tender

Smart Data Collective

We have discussed some of the benefits of AI technology in mainstream financial sectors like banking. Before we get into the details of the potential benefits of AI in the bitcoin market, we would like to explore the new position of the IMF. In July 2014, the IMF itself recognized Bitcoin as a “convertible virtual currency.”

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What is ITIL? Your guide to the IT Infrastructure Library

CIO Business Intelligence

ITIL’s systematic approach to IT service management (ITSM) can help businesses manage risk, strengthen customer relations, establish cost-effective practices, and build a stable IT environment that allows for growth, scale, and change. For more information on the benefits of the latest version of ITIL, see “ ITIL 4: ITSM gets agile.”.

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12 famous ERP disasters, dustups and disappointments

CIO Business Intelligence

While we weren’t naïve to the risk of disruption to the business, the extent and magnitude was greater than we anticipated.” The company was forced to develop new processes to keep information flowing around the business, and hire a third-party consultant to sort out the ERP system at a cost of $3.8 million in implementation costs.

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The New Normal for FP&A: Scenario Planning

Jedox

It’s about the preparation for a range of possible outcomes, the likelihood of each outcome, and developing corresponding strategies to maximize the long-term benefit. Though only twelve years ago, it truly highlighted the difference between possibility and probability and the danger and impact of tail risk. That brings us to today.