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What is Model Risk and Why Does it Matter?

DataRobot Blog

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
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What the Digital Operational Resilience Act means for you

CIO Business Intelligence

But while there’s plenty of excitement and change underway, security risks and vulnerabilities have continued to follow right alongside that innovation. Reporting of major ICT-related incidents : Regulation defines how organizations will need to classify and report ICT-related security incidents moving forward. What is DORA?

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Inside Nasdaq’s AI-fueled pivot to SaaS provider

CIO Business Intelligence

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. The company, which reported net revenues of $3.6

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How Zero Trust can help align the CIO and CISO

CIO Business Intelligence

billion in 2022. Data Management: CIOs are focused on effectively managing and leveraging the massive amounts of data generated by digital businesses. Risk Management: CISOs must assess and manage the risks posed by new technologies and changing threat landscapes.

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Selling the C-suite on preemptive IT investments

CIO Business Intelligence

And 2024 looks to be that kind of year, with John-David Lovelock, distinguished VP analyst, reporting that “IT spending will be driven by more traditional forces, such as profitability, labor, and dragged down by a continued wave of change fatigue.” The average cost of a data breach is $4.64

ROI 122
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Briefing the board on AI: Educate to tee up investment

CIO Business Intelligence

According to a 2022 Institute of Directors survey , 80% of boards did not have processes in place to audit their company’s use of AI. In AI hype cycles, 2022 seems an eon away. Will the introduction of AI cause worker layoffs or create risks of losing some of your most valuable employees?

Risk 119
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New CIO appointments in India, 2022

CIO Business Intelligence

March 2022. He has assisted the top management in planning IT strategies and leveraging technologies for rationalizing manpower, enhancing organizational productivity, and improving the efficiency of operations. February 2022. January 2022. Write to us if you have news to share. Parle Agro appoints Avadhut Parab as CIO.