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What the Digital Operational Resilience Act means for you

CIO Business Intelligence

Introduced in 2020—and later enacted in 2022—DORA aims to establish a consistent and common level of digital operational resilience across financial services firms in—or doing business with—the EU. Digital operational resilience testing : Sets out guidance for testing of existing recovery strategies to identify potential vulnerabilities.

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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.

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3 areas where gen AI improves productivity — until its limits are exceeded

CIO Business Intelligence

So it’s no surprise that companies continue to heavily invest in it since the release of Dall-E 2 and ChatGPT in late 2022, where they expect to see the greatest value in increased productivity, with some estimates showing improvements of 5% or more over the next 12 months, and headcounts to reduce by at least 5% as well. for every $1 spent.

IT 128
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Selling the C-suite on preemptive IT investments

CIO Business Intelligence

When this happens, corporate risk is heightened as preemptive projects get delayed — sometimes for indefinite periods of time. CIOs can change this thinking by incorporating preemptive projects like disaster recovery into their corporate risk management strategies. The average cost of a data breach is $4.64

ROI 122
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What is Model Risk and Why Does it Matter?

DataRobot Blog

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. However, after the financial crisis, financial regulators around the world stepped up to the challenge of reigning in model risk across the financial industry.

Risk 111
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The Countdown to DORA

CIO Business Intelligence

On May 11, 2022, the European Union (EU) reached provisional agreement on the new Digital Operational Resilience Act (DORA). This includes overall risk management strategies and capabilities, supply chain security, and organizational staffing and policies for ensuring proper ICT risk assessment and compliance.

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The history of ESG: A journey towards sustainable investing

IBM Big Data Hub

1 Slowly but surely, institutional investors started to recognize that companies could potentially improve financial performance and risk management by focusing on ESG issues like greenhouse gas emissions. CDP Media Factsheet (link resides outside ibm.com ), CDP, October 2022 3.