CIO Business Intelligence

JUNE 8, 2023

There’s a strong need for workers with expertise in helping companies make sense of data, launch cloud strategies, build applications, and improve the overall user experience. percent since 2021, according to Dice. Average salary: US$120,653 Increase since 2021: 15.6% Average salary: US$136,017 Increase since 2021: 14.1%

IT 140

IT Digital Transformation Software Risk 140

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

Cloudera

MAY 12, 2021

And it is with this in mind, that we’re delighted to announce that the 2021 Cloudera Data Impact Awards is now open for entries. The 2021 Cloudera Data Impact Award categories aim to recognize organizations that are using Cloudera’s platform and services to unlock the power of data, with massive business and social impact.

Digital Transformation 65

Digital Transformation Machine Learning Optimization Data Lake 65

IBM Big Data Hub

MARCH 25, 2024

In 2021, large-scale floods affected the European countries of Austria, Germany, Belgium, the Netherlands and Luxembourg, causing USD 43 billion worth of damage in addition to a tragic loss of life. For other financial services firms outside of the insurance sector, property accepted as loan security might face climate-related risks as well.

Insurance 96

Insurance Forecasting Risk Risk Management 96

CIO Business Intelligence

APRIL 30, 2024

AI legislation has been years in the making, with the EU first proposing the legislation in April 2021. The law will create new mandates for organizations to validate, monitor, and audit the entire AI lifecycle, says Kjell Carlsson, head of AI strategy at Domino Data Lab, a data science and AI company.

IT 115

IT Risk Data-driven Modeling 115

CIO Business Intelligence

OCTOBER 10, 2022

This model encourages leaders to demonstrate authentic, strong leadership with the idea that employees will be inspired to follow suit. For a deeper look at the transformational leadership model, see “ How to apply transformational leadership at your company.”. Transformational leadership model.

Modeling 145

Modeling Digital Transformation Software Manufacturing 145

Smart Data Collective

NOVEMBER 4, 2021

Cyberattacks have been named one of five top-rated risks in 2020, according to Global Risks Report for both private individuals and businesses. In 2021 the tendency is not expected to slow down as in IoT sector alone cyberattacks are projected to double in the next five years. Lots of businesses have already moved to the cloud.

Strategy 118

Strategy Snapshot Risk IoT 118

IBM Big Data Hub

FEBRUARY 20, 2024

Climate models provide answers Human activities precipitated changes to the Earth’s climate in the 20th century and will largely determine the future climate. Global climate models have given climate scientists a set of expectations as to what the future could hold, both for the Earth at large and for specific regions.

Modeling 122

Modeling Forecasting Reporting Risk 122

CIO Business Intelligence

APRIL 27, 2023

increase from 2021. The CIO typically ranks the highest in an IT department, responsible for managing the organization’s IT strategy, resources, operations, and overall goals. The CIO typically ranks the highest in an IT department, responsible for managing the organization’s IT strategy, resources, operations, and overall goals.

IT 116

IT Software Risk Management 116

CIO Business Intelligence

MARCH 15, 2022

Synthetic data is artificially generated information that can be used in place of real historic data to train AI models when actual data sets are lacking in quality, volume, or variety. Artificial data has many uses in enterprise AI strategies. This can slow down the development of new AI models. Synthetic data use cases.

Strategy 145

Strategy Testing Modeling Sales 145

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. The first thing is having a data strategy, having a foundation of data, and then asking questions of it.”

Analytics 118

Analytics Broadcasting Predictive Analytics Metrics 118

CDW Research Hub

MAY 28, 2021

Below are 5 data storage trends that are characterizing the storage industry in 2021 and beyond. As we move forward, hybrid cloud continues to be the data storage strategy that helps organizations gain cost-effectiveness and increase data mobility between on-premises, public cloud and private cloud without compromising data integrity.

Optimization 52

Optimization Deep Learning Enterprise Software 52

Smart Data Collective

JULY 16, 2023

billion in 2021 and is expected to be worth over $19 billion in 2030. The Imperative of Risk Mitigation A crucial element in the world of financial investments is effective hedge fund management. We will talk about some of the biggest ways that big data is changing the future of risk management among hedge funds.

ROI 71

ROI Data Analytics Analytics Risk Management 71

CIO Business Intelligence

SEPTEMBER 14, 2023

Nasdaq is currently using gen AI for a range of applications, including supporting digital investigators’ efforts to identify financial crime risk and empowering corporate boards to consume presentations and disclosures more efficiently.

Risk Management 116

Risk Management Risk Marketing Cost-Benefit 116

Rocket-Powered Data Science

JUNE 17, 2022

For example, I wrote this in 2021: “Observability emerged as one of the hottest and (for me) most exciting developments of the year. Observability is a business strategy: what you monitor, why you monitor it, what you intend to learn from it, how it will be used, and how it will contribute to business objectives and mission success.

Machine Learning 237

Machine Learning Recreation/Entertainment Risk Business Objectives 237

Smart Data Collective

MAY 10, 2022

For example, banks now apply AI to assess credit risks with high accuracy. They include; Credit risk assessment. Credit risk assessment entails estimating the probability of a prospective borrower failing to repay a loan. billion to bank fraud in 2021 , up 70% from 2020. AI in fintech is here to stay. Customer Support.

Marketing 109

Marketing Technology Insurance Machine Learning 109

CIO Business Intelligence

NOVEMBER 7, 2022

A developing playbook of best practices for data science teams covers the development process and technologies for building and testing machine learning models. CIOs and CDOs should lead ModelOps and oversee the lifecycle Leaders can review and address issues if the data science teams struggle to develop models.

Machine Learning 128

Machine Learning Data Science Experimentation IoT 128

CIO Business Intelligence

MAY 9, 2023

Cloud-first strategy” became a cure-all for datacenter impediments, as well as an IT leader’s tentpole for digital transformation. abundant risk (data resiliency, cybersecurity, governance, natural disasters); and other disruptions that threaten to crimp innovation (long IT procurement cycles and slow provisioning of developer services).

ROI 126

ROI Cost-Benefit KPI Uncertainty 126

Smart Data Collective

JUNE 9, 2021

The software-as-a-service (SaaS) model has been increasingly gaining popularity with enterprises. Companies that evaluate the right metrics can create very viable SaaS business models. This may sound like a serious risk, but in the context of the availability of reputable and high-quality SaaS platforms, this is more of an advantage.

Strategy 69

Strategy Software Forecasting Cost-Benefit 69

CIO Business Intelligence

AUGUST 24, 2023

Gen AI has the potential to magnify existing risks around data privacy laws that govern how sensitive data is collected, used, shared, and stored. We’re getting bombarded with questions and inquiries from clients and potential clients about the risks of AI.” The risk is too high.” Not without warning signs, however.

Uncertainty 98

Uncertainty Risk Testing Enterprise 98

Cloudera

JUNE 13, 2023

In 2021, ANZ Bank unveiled its strategy to drive digital transformation, increase their speed to market and become more agile. The approach offered lower risks and allowed for comprehensive platform and application testing.

Data-driven 76

Data-driven Analytics Insurance Digital Transformation 76

CIO Business Intelligence

JUNE 28, 2023

In the report, The 2023 Global Study on Closing the IT Security Gap: Addressing Cybersecurity Gaps from Edge to Cloud , 51% of organizations indicate they have adopted Zero Trust Security strategies. Organizations are looking for ways to reduce cyberattack risk. “To What is Zero Trust Security?

Reporting 98

Reporting Insurance Risk Strategy 98

CIO Business Intelligence

APRIL 29, 2024

When asked which challenges most often force IT to redirect time and focus away from strategy and innovation tasks, CIOs most commonly cited staff and skills shortages, changing business conditions, and addressing security threats. Downing developed strategies to deal with this challenge so that it does not impede progress.

IT 128

IT Consulting Technology Strategy 128

IBM Big Data Hub

MAY 6, 2024

In this chapter of the IBM series on clinical trial innovation, we spotlight key strategies for boosting recruitment speed, helping to ensure diversity, and harnessing digital advancements. It’s crucial to evaluate the feasibility of trials and refine protocols using evidence-based strategies.

Advertising 58

Advertising Data-driven Optimization Strategy 58

CIO Business Intelligence

JULY 20, 2023

Workflow automation and data analytics are streamlining document management, cross-checking data, assessing for risk, ensuring regulatory compliance, and so on. Conducted by Quadrant Strategies for Iron Mountain. Top technologies flagged on Twitter cover the period January 2021–December 2022. Digital Transformation

Technology 98

Technology Finance Advertising Digital Transformation 98

CIO Business Intelligence

AUGUST 17, 2022

The 2022 KPMG Fraud Outlook report “A Triple Threat Across the Americas” affirmed the increasing challenges; 77% of respondents to the KPMG survey say their cyber risk will grow over the next year. billion in 2021, and only 43% of businesses feel financially prepared to face a cyberattack in 2022. Cybercrime cost U.S.

Enterprise 111

Enterprise Cost-Benefit Snapshot Data-driven 111

CIO Business Intelligence

MARCH 8, 2023

Upgrading IT and data security to reduce corporate risk was the No. Almost half (49%) called out increasing cybersecurity protections as the top business initiative driving IT investments this year, up from 34% in 2021. The push for elevated cybersecurity protections is also filtering down into storage and data management requirements.

Risk 52

Risk Strategy Management Modeling 52

CIO Business Intelligence

APRIL 12, 2022

Many top companies are switching to a hybrid model to encourage collaboration, including Capital One. Personally, I am excited to move into the hybrid work model.”. While working remotely certainly has its benefits, security risks can arise. Benefits: Increases Security and Privacy.

Cost-Benefit 98

Cost-Benefit Risk Measurement Modeling 98

Smart Data Collective

DECEMBER 5, 2021

There were nearly 1,300 data breaches between January 1, 2021 and September 30, 2021. Organizations continue to identify strategies to improve security protocols and practices for remote teams when they would have otherwise been using a secure network. Under Zero Trust models, identity forms the perimeter.

Internet of Things 114

Internet of Things Risk IoT Big Data 114

CIO Business Intelligence

SEPTEMBER 12, 2023

The NIS2 requirement to adopt Zero Trust principles reflects the shortcomings of models based on implicit trust. Zero Trust network security offers cybersecurity benefits vs. traditional perimeter-based network security models. 2, 223–231 (2021). i] S ievers, T. Proposal for a NIS directive 2.0: Cybersecur.

IoT 97

IoT Measurement Manufacturing Finance 97

IBM Big Data Hub

AUGUST 1, 2023

We are bringing the power of foundation models with the availability of a GPU as a service on IBM Cloud offering to help organizations tap into artificial intelligence (AI) in a secured environment while aiming to mitigate third- and fourth-party risk.

Digital Transformation 68

Digital Transformation Risk Data Processing Enterprise 68

Cloudera

DECEMBER 11, 2020

Insurance and finance are two industries that rely on measuring risk with historical data models. To facilitate risk modeling in this new normal, agility and flexibility is required. This will only become more important as we move into 2021 and a post-pandemic new normal. Data Variety.

Insurance 91

Insurance Digital Transformation Unstructured Data Machine Learning 91

IBM Big Data Hub

DECEMBER 4, 2023

   At its core, autonomous business planning comprises innovative methods that leverage the potential of cutting-edge technologies such as foundation models and generative AI. Consequently, this can lead to unfavorable financial outcomes, missed growth opportunities and increased financial risks for the company. 

Forecasting 52

Forecasting Finance Optimization Marketing 52

Cloudera

MARCH 29, 2022

To capitalize on the opportunities that data creates for the public good, state and local CIOs must harness data in motion with a cohesive strategy and platform. It’s no secret that the cloud has become the go-to infrastructure foundation for a modern data strategy. Hybrid cloud is the Model of Choice.

Cost-Benefit 93

Cost-Benefit Strategy Data Science Data Processing 93

CIO Business Intelligence

FEBRUARY 6, 2023

Bill Pappas, who joined MetLife as head of global technology and operations three years ago to drive the CEO’s customer-first strategy, exemplifies the new insurance CIO ethos. So we had to kind of rethink and reimagine our whole model of engaging with policyholders or potential policyholders.” Acrisure, of Grand Rapids, Mich.,

Insurance 132

Insurance IT Digital Transformation Machine Learning 132

CIO Business Intelligence

AUGUST 9, 2023

Once a vanguard business strategy, digital transformation has become a perennial objective for business survival. Most CEOs (72%) continue to prioritize digital investments, according to the 2022 CEO Outlook report from KPMG, in part due to concerns about emerging and disruptive technology, a top three risk to organizational growth.

Digital Transformation 137

Digital Transformation Strategy Data-driven Consulting 137

DataRobot Blog

SEPTEMBER 1, 2022

For example, a recent IDC study 1 shows that it takes about 290 days on average to deploy a model into production from start to finish. Once you move your model into production, you need to monitor and manage your models to ensure that you can trust predictions and turn them into the right business decisions.

Metrics 145

Metrics Statistics Modeling Data Science 145