article thumbnail

Mitigating the impact of climate change in insurance and other financial services  

IBM Big Data Hub

The US experienced 25 extreme weather events in 2023, each causing losses of over USD 1 billion, with a total cost of USD 73.8 Firms can also reduce their investment risk by using weather and climate data to make investment decisions. These climate events have a huge potential impact on financial institutions.

article thumbnail

Streamlining supply chain management: Strategies for the future

IBM Big Data Hub

The challenges continue: one 2023 survey found 44% of companies had to make changes in the past year due to issues with their supply chain footprint, and 49% said supply chain disruptions had caused planning problems. Automation Automation can streamline supply chain operations, from order fulfillment to inventory tracking.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

IRM 2020: Market Momentum Continues

John Wheeler

2020 marks Gartner’s fifth year of integrated risk management (IRM) technology coverage and the market continues to grow at a rapid pace. As a result, IRM technology and services market forecast for 2020 is $7.3 billion by 2023 (see figure below). billion by 2023 (see figure below).

article thumbnail

4 strategic sourcing use cases to strengthen your supply chain

IBM Big Data Hub

It also can help optimize transportation costs and service-level agreements as well as improve inventory management and visibility. Sign up for a 30-day free trial here Risk management Supply chains are under tremendous stress, facing challenges from supply, demand, logistics and shifting industry landscapes.

article thumbnail

10 most difficult-to-fill IT roles — and how to address the gap

CIO Business Intelligence

CIO.com’s 2023 State of the CIO survey recently zeroed in on the technology roles that IT leaders find the most difficult to fill, with cybersecurity, data science and analytics, and AI topping the list. As technology continues to advance at a rapid pace, the demand for qualified individuals has soared,” Chan says.

IT 93
article thumbnail

Averting turbulence in the air

CIO Business Intelligence

According to Verizon’s 2023 Data Breach Investigation Report (DBIR), the transportation industry as a whole was breached 249 times with 349 incidents reported. This update insinuates that the PCI SSC will be placing greater emphasis on vendor risk management when PCI DSS v4.0 becomes the only Standard available.

article thumbnail

The top ESG trends in 2024

IBM Big Data Hub

It refers to a set of metrics used to measure an organization’s environmental and social impact and has become increasingly important as it relates to a company’s business model, risk management strategy , reporting requirements and more.