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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.

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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. Management of ICT third-party risk : Tasks firms with ensuring any third-party vendor is aligned with its security and digital resilience capabilities. What is DORA?

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State of the CIO, 2022: Focus turns to IT fundamentals

CIO Business Intelligence

Source: State of the CIO, 2022. The pivot back to foundational IT work was reflected in CIO.com’s 2022 State of the CIO research , which surveyed 985 IT leaders and 250 line of business (LOB) participants. Source: State of the CIO, 2022. Source: State of the CIO, 2022. Source: State of the CIO, 2022. Credit: CIO.

IT 131
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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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Successful Change Management with Enterprise Risk Management

Speaker: William Hord, Vice President of ERM Services

In this webinar, you will learn how to: Outline popular change management models and processes. Practice change management process with ERM data. August 11, 2022 at 11:00 am PDT, 2:00 pm EDT, 7:00 pm GMT Organize ERM strategy, operations, and data. Determine impact tangents.

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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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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