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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.

Risk 144
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Make data protection a 2023 competitive differentiator

IBM Big Data Hub

They have been exceedingly clear in communicating with consumers what data is collected, why they’re collecting that data, and whether they’re making any revenue from it. They go to great lengths to integrate trust, transparency and risk management into the DNA of the company culture and the customer experience.

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FRTB: Will 2023 Finally be the Year?

Cloudera

The Fundamental Review of the Trading Book (FRTB), introduced by the Basel Committee on Banking Supervision (BCBS), will transform how banks measure risk. In order to help make banks more resilient to drastic market changes, it will impose capital requirements that are more closely aligned with the market’s actual risk factors.

Risk 55
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Invoking IT to help revitalize Indigenous languages at risk of extinction

CIO Business Intelligence

Data collection on tribal languages has been undertaken for decades, but in 2012, those working at the Myaamia Center and the National Breath of Life Archival Institute for Indigenous Languages realized that technology had advanced in a way that could better move the process along.

Risk 98
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How AI is helping the NFL improve player safety

CIO Business Intelligence

Like many other professional sports leagues, the NFL has been at the leading edge of data-driven transformation for years. Digital Athlete is a platform that leverages AI and machine learning (ML) to predict from plays and body positions which players are at the highest risk of injury.

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2023’s Top Trends for Finance Teams in Europe, the Middle East, and Africa

Jet Global

Understanding evolving market conditions and consumer behaviors in EMEA remains crucial for capitalizing on emerging opportunities and mitigating risks in this dynamic and competitive landscape. When searching for tax-management software, find one that automates data collection and processing. Enable cookies.

Finance 52
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Data protection strategy: Key components and best practices

IBM Big Data Hub

According to IBM’s Cost of a Data Breach , the global average cost to remediate a data breach in 2023 was USD 4.45 These data breaches can cost their victims in many ways. Failure to comply with these data protection laws can result in hefty fines. million, a 15 percent increase over three years.