CIO Business Intelligence

MAY 15, 2024

It seems anyone can make an AI model these days. Even if you don’t have the training data or programming chops, you can take your favorite open source model, tweak it, and release it under a new name. According to Stanford’s AI Index Report, released in April, 149 foundation models were released in 2023, two-thirds of them open source.

Modeling 137

Modeling Risk Software Enterprise 137

CIO Business Intelligence

DECEMBER 28, 2023

As a result, managing risks and ensuring compliance to rules and regulations along with the governing mechanisms that guide and guard the organization on its mission have morphed from siloed duties to a collective discipline called GRC. What is GRC? GRC is overarching. Why is GRC important?

Risk 115

Risk Risk Management Strategy Enterprise 115

IBM Big Data Hub

MAY 28, 2024

Companies continue to create more attack surfaces with hybrid models, scattering critical data across cloud, third-party and on-premises locations, while threat actors constantly devise new and creative ways to exploit vulnerabilities. In May 2023, Ireland’s data protection authority imposed a USD 1.3

Strategy 83

Strategy Measurement Risk Cost-Benefit 83

CIO Business Intelligence

JULY 18, 2023

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 98

IT Data Science IoT Digital Transformation 98

IBM Big Data Hub

MARCH 25, 2024

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 Get tools to accurately assess potential climate impacts The IBM® Environmental Intelligence Suite models 40 years of historical weather patterns.

Insurance 86

Insurance Forecasting Risk Risk Management 86

CIO Business Intelligence

SEPTEMBER 20, 2023

Now Assist for IT Service Management, Customer Service Management, and HR Service Delivery add new text creation and summarization features and an interactive chatbot interface to help workers get to relevant information more quickly. The Vancouver release of Now Platform also includes new automations and security tools. “As

Cost-Benefit 111

Cost-Benefit Software Finance Interactive 111

IBM Big Data Hub

DECEMBER 4, 2023

The Board recently published its point of view on foundation models addressing the risks that generative AI poses. Its toolkit automates risk management, monitors models for bias and drift, captures model metadata and facilitates collaborative, organization-wide compliance. and/or its affiliates in the U.S.

Consulting 75

Consulting Risk Metadata Risk Management 75

CIO Business Intelligence

JULY 6, 2023

Automation, integration and consistency make it flow By the end of 2023, companies in Germany with more than 3,000 employees must have implemented the due diligence obligations under SCDDA. From 1 January 2024, the provisions relating to supplier risk management will also apply to companies with more than 1,000 employees.

Cost-Benefit 94

Cost-Benefit Risk Digital Transformation Risk Management 94

CIO Business Intelligence

JULY 31, 2023

Just look at the stats:Some 45% of 2,500 executives polled for a May 2023 report from research firm Gartner said the publicity around ChatGPT prompted them to increase their AI investments, 70% said their organization is already exploring gen AI, and 19% are in actual pilot or production mode. When should I use it?

Strategy 98

Strategy Risk Enterprise Risk Management 98

IBM Big Data Hub

JANUARY 16, 2024

Listen: The Art of AI featuring a Financial Industry perspective with Citigroup Trend: Generative AI One of the, if not the, biggest technological advancements made in 2023 was generative AI. More organizations will likely be transitioning to hybrid cloud models for their workloads and to further manage and conduct compliance tasks.

Risk Management 49

Risk Management Insurance Cost-Benefit Risk 49

IBM Big Data Hub

JUNE 23, 2023

Generative AI empowers faster and better data-driven decisions based on historical data, market trends and the use of AI foundation models that identify patterns and anomalies often missed by traditional analysis methods. What is generative AI, what are foundation models, and why do they matter? Apply the controllership lens.

Finance 56

Finance Consulting Data-driven Risk 56

IBM Big Data Hub

DECEMBER 15, 2023

When AI algorithms, pre-trained models, and data sets are available for public use and experimentation, creative AI applications emerge as a community of volunteer enthusiasts builds upon existing work and accelerates the development of practical AI solutions. Morgan’s Athena uses Python-based open-source AI to innovate risk management.

Deep Learning 65

Deep Learning Experimentation Machine Learning Risk 65

IBM Big Data Hub

AUGUST 18, 2023

The Digital Operational Resilience Act , or DORA, is a European Union (EU) regulation that created a binding, comprehensive information and communication technology (ICT) risk-management framework for the EU financial sector. Cyber resilience is a component of operational resilience. In the U.S.,

Cost-Benefit 74

Cost-Benefit Testing Strategy Risk Management 74

IBM Big Data Hub

SEPTEMBER 20, 2022

But these organizations need to be able to trust their AI/ML models before they can be operationalized and used in crucial business processes. These days, if an AI model makes a biased, unfair decision involving the health, wealth or well-being of humans, an organization can hit the news for the wrong reasons. Is it scalable?

Metadata 56

Metadata Machine Learning Data-driven Modeling 56

CIO Business Intelligence

MAY 20, 2024

Krishna Prasad, chief strategy officer and CIO at UST, a digital transformation solutions company, says that cybersecurity not only remains top of mind but an area of significant work for IT as it’s tasked with executing much of the risk-mitigation efforts. Other surveys offer similar findings. 1 priority among its respondents as well.

IT 142

IT Risk Management Machine Learning Risk 142

CIO Business Intelligence

DECEMBER 29, 2023

Adaptability and useability of AI tools For CIOs, 2023 was the year of cautious experimentation for AI tools. While there remains a lot we don’t fully understand about AI, including its associated risks, there are many opportunities to take advantage of moving forward in business and life,” he says.

Cost-Benefit 139

Cost-Benefit Digital Transformation Consulting Strategy 139

Cloudera

MARCH 25, 2021

Virginia’s law will go into effect on January 1, 2023. Probably more well known, the EU’s GDPR serves as a model for much of the new data privacy legislation coming forward. Risk management can be optimized by the improved use of data and analytics to run models, account for more variables and scrutinize probable outcomes.

Data Strategy 65

Data Strategy Strategy Enterprise Insurance 65

CIO Business Intelligence

MAY 13, 2024

It creates more emphasis on 365-degree relationship management, particularly with external partners and vendors and with customers,” Juliano says. Overall, IT projects are meant to create a leaner, more profitable company, says Bilker, CIO of manufacturer Lift Solutions Holding. I believe we’re in a post-alignment world.

IT 131

IT Digital Transformation ROI Strategy 131

CIO Business Intelligence

MAY 30, 2023

Projects also include the introduction of multifactor authentication; security, orchestration, automation, and response (SOAR); extended detection and response (XTR); and security information and event management (SIEM) software, according to Uzupis, who left his position in spring 2023. 9, with 47% involved in such).

IT 131

IT Risk Optimization Technology 131

CIO Business Intelligence

MARCH 13, 2024

Infatti, secondo il “Report Imprese e Ict 2023” di Istat, la mancanza di competenze è il primo freno all’adozione delle tecnologie IA in Italia: il 55,1% delle imprese che hanno preso in considerazione il suo utilizzo senza poi adottarla ha rinunciato per carenza di skill e comprensione delle possibilità per il proprio business.

Machine Learning 105

Machine Learning Deep Learning Big Data Testing 105

CIO Business Intelligence

DECEMBER 6, 2023

Some of the most vocal complaints about generative AI have come from authors and artists unhappy at having their work used to train large language models (LLMs) without permission. OpenAI’s recent announcement of custom ChatGPT versions make it easier for every organization to use generative AI in more ways, but sometimes it’s better not to.

IT 133

IT Risk Management Interactive Modeling 133

IBM Big Data Hub

FEBRUARY 8, 2024

The European Parliament reached a provisional agreement on the EU AI Act in December 2023, it is now making its way through the final phases of the legislative process and is expected to rollout in stages in the second half of 2024. Higher risk tiers have more transparency requirements including model evaluation, documentation and reporting.

Risk Management 73

Risk Management Risk Metrics Machine Learning 73

Cloudera

FEBRUARY 15, 2024

While this might be a blast from the past we’d rather leave in the proverbial rear-view mirror, in March of 2023 we were back to the future with the collapse of Silicon Valley Bank (SVB), the largest US bank to fail since 2008. It’s hard to believe it’s been 15 years since the global financial crisis of 2007/2008. Well, sort of.

Insurance 88

Insurance Data Architecture Risk Management Risk 88

Cloudera

MARCH 18, 2021

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. A revised internal models approach (IMA) combined with an overhaul of the standardized approach (SA). Operational Impact of FRTB.

Risk 55

Risk Machine Learning Risk Management Measurement 55

CIO Business Intelligence

JUNE 8, 2023

“Building new business aligned cost models, setting up disaster recovery and BCP platforms, allowing remote-working, rearchitecting the enterprise network from the ground up, and migrating to cloud should be some of the prime focus areas for CIOs as they set about their operations in the new-era.”

Strategy 97

Strategy Data-driven Interactive Digital Transformation 97

IBM Big Data Hub

FEBRUARY 15, 2024

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. Consider investor expectations around net-zero targets.

Reporting 79

Reporting Consulting Risk Metrics 79

Octopai

JUNE 16, 2021

The excessive financial risk-taking engaged in by banks on the eve of the 2007-2009 financial recession prompted new regulations to strengthen the supervision, regulation and risk management of banks. The Basel III framework, as well as Basel IV, call for regulation changes in multiple areas, including: Credit risk.

Management 52

Management Risk Management Risk Visualization 52

IBM Big Data Hub

APRIL 3, 2024

In California, for example, legislation passed in late 2023 requires Scope 3 emissions disclosures, while the European Union’s Corporate Sustainability Reporting Directive —which mandates disclosures on a range of sustainability issues—was adopted earlier in the year.

Risk 53

Risk Gap analysis Reporting Risk Management 53

Cloudera

AUGUST 21, 2021

Financial institutions need a data management platform that can keep pace with their digital transformation efforts. It provides direction for a robust business strategy that has taken into account risks and ways to manage them. Addressing new customers and markets. The need for speed.

Data-driven 103

Data-driven Digital Transformation Risk Risk Management 103

IBM Big Data Hub

JANUARY 30, 2024

billion in 2023. A multicloud is a cloud computing model that incorporates multiple cloud services from more than one of the major cloud service providers (CSPs)—e.g., According to an IBM Institute for Business Value study , the value derived from a full hybrid multicloud platform technology and operating model at scale is 2.5

Strategy 92

Strategy Cost-Benefit Risk Optimization 92

CIO Business Intelligence

MARCH 20, 2024

Their experience and skills lend themselves to a new function: prompt engineering, the process of designing and refining text prompt inputs to improve the outputs of AI models. In 2023, only 5% of enterprises trained their entire workforce to work with gen AI. Generative AI has the power to reinvent every facet of an organization.

IT 126

IT Strategy Enterprise Technology 126

CIO Business Intelligence

APRIL 10, 2024

Cyber GRC software company Cypago has announced a new automation solution for artificial intelligence (AI) governance, risk management and compliance. Cypago delivers ongoing visibility into all the organization’s tools, applications, and models, while automating many processes needed for effective risk assessment and threat detection.

Risk Management 119

Risk Management Cost-Benefit Risk Measurement 119

CIO Business Intelligence

APRIL 15, 2024

More recently, his charter has expanded into helping the organization formulate business strategy and leading change management efforts to reinvent the 175-year company as a digital trailblazer in its field. For IT leaders like Mehta, it’s about more than doing IT projects right, but rather leading the business to the right projects.

Digital Transformation 130

Digital Transformation Strategy Technology Enterprise 130

DataRobot Blog

MARCH 7, 2023

Organizations that want to prove the value of AI by developing, deploying, and managing machine learning models at scale can now do so quickly using the DataRobot AI Platform on Microsoft Azure. AI Platform Single-Tenant SaaS are fully managed by DataRobot and replace disparate machine learning tools, simplifying management.

Data-driven 59

Data-driven Machine Learning Experimentation Data Lake 59

Jet Global

JULY 28, 2023

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. Here, we discuss how factors like market uncertainty and IT dependence impact finance teams throughout EMEA. EMEA mirrors the global results at 66%.

Finance 52

Finance Uncertainty Reporting Forecasting 52

Cloudera

NOVEMBER 30, 2023

The Evolution of AI and LLMs Artificial intelligence (AI) and large language models (LLMs) have come a long way since their inception in the 1950s. Open-source frameworks and models provide a collaborative platform for researchers and developers, enabling them to build upon each other’s work while fostering transparency and innovation.

Risk Management 80

Risk Management Risk Strategy Modeling 80