CIO Business Intelligence

MARCH 21, 2024

In 2018, the day after his employer publicly announced it was being acquired, Lynn Lovelady, then VP of IT at Energen, received a pivotal phone call that would reshape his career. The Birmingham, Ala.-based To address the growing pains, Lovelady reinforced the importance of strategic planning for IT.

IT 111

IT Manufacturing Risk Management Risk 111

IBM Big Data Hub

MAY 23, 2023

IBM Cloud completed its 2023 independent review of IBM Cloud services and processes. In 2023, IBM Cloud expanded the AUP to include additional locations and services that articulate our commitment to expand our portfolio of compliance across IBM Cloud. What is the IBM Cloud Framework for Financial Services?

Reporting 65

Reporting Risk Management Data Processing Risk 65

IBM Big Data Hub

MAY 31, 2024

But the rates of exploration of AI use cases and deployment of new AI-powered tools have been slower in the public sector because of potential risks. Driving innovation for tax agencies with trust in mind Tax or revenue management agencies are a part of the public sector that might likely benefit from the use of responsible AI tools.

Cost-Benefit 99

Cost-Benefit Risk Risk Management Reporting 99

CIO Business Intelligence

DECEMBER 19, 2023

This year’s technology darling and other machine learning investments have already impacted digital transformation strategies in 2023 , and boards will expect CIOs to update their AI transformation strategies frequently. Luckily, many are expanding budgets to do so. “94%

Digital Transformation 143

Digital Transformation Unstructured Data Machine Learning Risk Management 143

IBM Big Data Hub

JANUARY 19, 2023

They go to great lengths to integrate trust, transparency and risk management into the DNA of the company culture and the customer experience. To do this, organizations must lean into data privacy programs that build transparency and risk management into everyday workflows.

Risk Management 60

Risk Management Risk Strategy Data Strategy 60

CIO Business Intelligence

APRIL 27, 2023

And according to the latest 2023 Dice Tech Salary Report , you don’t need to reach for an executive career in IT to earn a six-figure salary. The demand for specialized skills has boosted salaries in cybersecurity, data, engineering, development, and program management. increase from 2021. increase from 2021.

IT 116

IT Software Risk Management 116

CIO Business Intelligence

APRIL 5, 2024

The 118th session of Congress, covering 2023 and 2024, may end up as the least productive session in US history, with only 47 bills passed and becoming law between the beginning of 2023 and April 1 of this year. However, Congress, mired in partisan infighting, seems unlikely to move forward on serious AI legislation anytime soon.

Risk 128

Risk Interactive Insurance Strategy 128

CIO Business Intelligence

JUNE 26, 2023

That’s when it moved from being opportunistic to very purposeful,” says Meyercord, who after a search for the right fit took over the CEO reins last November at Propel Software, a SaaS provider of engineering and product management software. “I Neal Sample A transferable skill set Meyercord would certainly make that case.

IT 119

IT Consulting Software Digital Transformation 119

IBM Big Data Hub

MAY 28, 2024

Together, these comprehensive approaches not only deter threat actors but also standardize the management of sensitive data and corporate information security and limit any business operations lost to downtime. According to IBM’s Cost of a Data Breach , the global average cost to remediate a data breach in 2023 was USD 4.45

Strategy 83

Strategy Measurement Risk Cost-Benefit 83

CIO Business Intelligence

AUGUST 23, 2023

To do so, they explored the optimization problem of “cardinality constraints” and developed a hybrid quantum-classical approach to financial index tracking portfolios that maximizes returns and minimizes risk. Their work earned them a 2023 US CIO 100 Award for IT innovation and leadership.

IT 93

IT Machine Learning Risk Optimization 93

IBM Big Data Hub

OCTOBER 30, 2023

In July 2023, the Securities and Exchange Commission (SEC) voted to adopt new cybersecurity rules and requirements for all market entities to address risks. Within the last decade, cybersecurity breaches have been on the rise as one of the biggest risks for companies of all industries and verticals. million, representing a 15.3%

Risk Management 74

Risk Management Risk Reporting Management 74

CIO Business Intelligence

JANUARY 22, 2024

trillion by 2025, as cyber risk management has not kept up with digital transformation posing serious risks to organizations’ security and revenue. As a result, companies find it increasingly difficult to manage their attack surface at the speed and scale necessary to prevent attacks. Respond to threats quickly.

Digital Transformation 124

Digital Transformation Risk Cost-Benefit Risk Management 124

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 For other financial services firms outside of the insurance sector, property accepted as loan security might face climate-related risks as well. As a result, their market would shrink.

Insurance 86

Insurance Forecasting Risk Risk Management 86

CIO Business Intelligence

SEPTEMBER 7, 2023

Still, a 2023 McKinsey report corroborated this need for boards to be briefed on AI, finding that while 33% of businesses were already using AI and 40% were planning to aggressively invest in it, only 25% had AI on their board agendas. “They said they did not know what questions to ask,” the survey concluded.

Risk 119

Risk Risk Management Management Technology 119

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 89

Cost-Benefit Risk Digital Transformation Risk Management 89

IBM Big Data Hub

DECEMBER 14, 2023

A cybersecurity strategy is not solely about managing risk across a business’ IT infrastructure. According to the 2023 Cost of a Data Breach report conducted by Ponemon Institute and sponsored by IBM , breaches with identification and containment times under 200 days cost organizations USD 3.93

Risk 83

Risk Enterprise Digital Transformation Risk Management 83

CIO Business Intelligence

MAY 15, 2024

According to Stanford’s AI Index Report, released in April, 149 foundation models were released in 2023, two-thirds of them open source. According to Synopsys’ open source security and risk analysis released in February, 96% of all commercial code bases contained open source components. It seems anyone can make an AI model these days.

Modeling 137

Modeling Risk Software Enterprise 137

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

FEBRUARY 19, 2024

In today’s complex global business environment, effective supply chain management (SCM) is crucial for maintaining a competitive advantage. Why supply chain management matters Supply chain management involves coordinating and managing all the activities involved in sourcing , procurement, conversion and logistics.

Strategy 82

Strategy Management Forecasting Cost-Benefit 82

IBM Big Data Hub

FEBRUARY 13, 2024

They also factor in how a strong partnership could reduce supply chain risk and advance sustainability. In this age of supply chain disruptions that hold the power to upend entire industries, strength and resilience across the entire value chain is no longer a nice-to-have—it’s a survival tactic.

Cost-Benefit 79

Cost-Benefit Scorecard Risk Recreation/Entertainment 79

IBM Big Data Hub

DECEMBER 4, 2023

IBM’s governance framework is built around four core roles within the company: The Policy Advisory Committee: senior global leaders who provide oversight of the AI Ethics Board and help to establish the company’s strategy and risk tolerance. It helps accelerate responsible, transparent and explainable AI workflows.

Consulting 75

Consulting Risk Metadata Risk Management 75

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. What generative AI has done is open a new world of innovations that can help personalize financial planning and investment management.

Risk Management 49

Risk Management Insurance Cost-Benefit Risk 49

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

OCTOBER 9, 2023

At the beginning of 2023, according to IBM Security’s “ Threat Intelligence Index ” report, healthcare was in the top 10 most-attacked industries on the planet. The “ Cost of a Data Breach 2023” report also uncovered that, since 2020, healthcare data breach costs have increased by 53.3%.

Risk Management 77

Risk Management Risk Management Measurement 77

IBM Big Data Hub

SEPTEMBER 15, 2023

These requirements will likely mandate publicly traded companies to disclose their greenhouse gas (GHG) emissions footprint, climate-related goals, and progress, as well as climate-risk related financial impact and expenditures. It is about accountability and driving comparability for real impact.

Risk 73

Risk Reporting Data-driven Publishing 73

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

Smart Data Collective

MAY 25, 2023

With a cybersecurity plan, businesses understand risks well and can enable proactive protection while ensuring prompt responses to cyberattacks. It aims at mitigating or preventing harm to your business and its stakeholders while minimizing human cyber risk.

Internet of Things 89

Internet of Things Cost-Benefit Risk Software 89

IBM Big Data Hub

FEBRUARY 15, 2024

Surface temperature statistics paint a compelling picture of the changing climate: 2023, according to the European Union climate monitor Copernicus, was the warmest year on record—nearly 1.5 Most of those at risk of climate change-linked hunger are in Sub-Saharan Africa, South Asia and Southeast Asia, according to the World Bank.

Insurance 60

Insurance Risk Strategy Risk Management 60

CIO Business Intelligence

FEBRUARY 7, 2023

benrothke Wayne Anderson, a security and risk management leader at Microsoft, offered his “personal guide to cloud security shared responsibility”: If it’s in your interface (compute, network, FW, DB, identity etc.), That’s EVERYTHING except the hyper-scale management plane. BrendenBosch Except it is not fine print. you own it.

Data Processing 119

Data Processing Risk Management Risk Consulting 119

IBM Big Data Hub

JUNE 23, 2023

Our experts at IBM Consulting are taking a comprehensive look at generative AI for F&A and considering the need to balance risks. Risk management and controls are an imperative in F&A. They should weigh risks, materiality and potential financial exposure that could impact their processes.

Finance 56

Finance Consulting Data-driven Risk 56

CIO Business Intelligence

JULY 7, 2023

She currently serves on the board of directors of the IT Senior Management Forum (ITSMF) and has held executive board positions at the National Society of Black Engineers (NSBE), Washington DC Metro Area Chapter. How does the NACD help its members prepare for and manage cyber risk? That was important to me in the next role.

Risk 116

Risk Finance Technology Strategy 116

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. Entities will also be expected to put appropriate cybersecurity protection measures in place. In the U.S.,

Cost-Benefit 74

Cost-Benefit Testing Strategy Risk Management 74

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

Jet Global

AUGUST 28, 2023

29, 2023 – insightsoftware , a global provider of reporting, analytics, and performance management solutions, today announced it acquired Vizlib , a UK-based software company that builds powerful value-added products for Qlik Sense.

Dashboards 75

Dashboards Visualization Finance Data Quality 75

IBM Big Data Hub

JANUARY 29, 2024

Business continuity and disaster recovery plans are risk management strategies that businesses rely on to prepare for unexpected incidents. When deployed effectively, a good DR plan can help stakeholders better understand the risks to regular business functions that a particular threat may pose.

Cost-Benefit 86

Cost-Benefit Risk Enterprise Advertising 86

IBM Big Data Hub

DECEMBER 15, 2023

While open-source AI offers enticing possibilities, its free accessibility poses risks that organizations must navigate carefully. Enterprises may expose their stakeholders to risk when they use technologies that they didn’t build in-house. Morgan’s Athena uses Python-based open-source AI to innovate risk management.

Deep Learning 65

Deep Learning Experimentation Machine Learning Risk 65

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