Remove 2023 Remove IT Remove Risk Remove Strategy
article thumbnail

Strategies to combat GenAI implementation risks

CIO Business Intelligence

We examine the risks of rapid GenAI implementation and explain how to manage it. These examples underscore the severe risks of data spills, brand damage, and legal issues that arise from the “move fast and break things” mentality. Air Canada was ordered to compensate a customer misled by its chatbot.

Risk 109
article thumbnail

How MemorialCare confronts evolving risks along its modernization journey

CIO Business Intelligence

And in KnowBe4’s 2024 International Healthcare Report, the global healthcare sector experienced 1,613 cyberattacks per week in the first three quarters of 2023, nearly four times the global average. They also had to retrofit some older solutions to ensure they didn’t expose the business to greater risks.

Risk 127
Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

The great repatriation? IT leaders reset cloud strategies to optimize value

CIO Business Intelligence

He worked with one insurance company that in 2023 made such a move, driven specifically by the desire to have a firm hold on its regulated data, for example. Moreover, these repatriations show how CIOs have a shrewder, more fluid cloud strategy today to ensure they don’t settle for less than what they want.

article thumbnail

Want to tackle technical debt? Sell it as business risk

CIO Business Intelligence

A recent example is Windows Server 2012, which was sunsetted by Microsoft in October 2023. What CIOs need to do instead is to present IT infrastructure investment as an important corporate financial and risk management issue that the business can’t afford to ignore. Windows Server 2012 is not alone.

Risk 127
article thumbnail

8 big IT failures of 2023

CIO Business Intelligence

We’ve gathered eight instances of big tech failures that struck companies and other organizations in 2023. Both United Airlines and Hawaiian Airlines saw service outages in 2023 resulting from wonky software upgrades, and Southwest ended the previous year with a Christmas travel meltdown blamed on outdated systems.

IT 138
article thumbnail

To understand the risks posed by AI, follow the money

O'Reilly on Data

It’s difficult to argue with David Collingridge’s influential thesis that attempting to predict the risks posed by new technologies is a fool’s errand. However, there is one class of AI risk that is generally knowable in advance. We ought to heed Collingridge’s warning that technology evolves in uncertain ways.

Risk 229
article thumbnail

IT leaders rethink talent strategies to cope with AI skills crunch

CIO Business Intelligence

According to a 2023 survey from Access Partnership and Amazon Web Services (AWS) , 92% of employers expect to be using AI-related solutions by 2028 and 93% expect to use generative AI within the upcoming five years. And they need people who can manage the emerging risks and compliance requirements associated with AI.

Strategy 135