CIO Business Intelligence

SEPTEMBER 20, 2023

Top 5 priorities for CISOs: Cybersecurity: Protecting the organization against cyber threats is the top priority for CISOs, with the number of reported data breaches rising year-on-year. Risk Management: CISOs must assess and manage the risks posed by new technologies and changing threat landscapes.

Digital Transformation 101

Digital Transformation Risk Management Risk Machine Learning 101

John Wheeler

JANUARY 30, 2020

2020 marks Gartner’s fifth year of integrated risk management (IRM) technology coverage and the market continues to grow at a rapid pace. billion by 2023 (see figure below). billion by 2023 (see figure below). These new digital products and services create a host of new risks that require IRM technology.

Marketing 80

Marketing Risk Management Digital Transformation Risk 80

IBM Big Data Hub

SEPTEMBER 15, 2023

For the first wave of companies affected, sustainability reports will be required as soon as fiscal year 2024. These disclosures will need to be filed as part of the company annual 10-K statements, potentially as soon as the 2024 fiscal year if the final ruling is published by October 2023 as currently expected. In parallel, the U.S.

Risk 77

Risk Reporting Data-driven Publishing 77

IBM Big Data Hub

DECEMBER 14, 2023

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 Moreover, cloud environments were identified as frequent targets for cyberattacks in 2023. million—a 23% difference.

Risk 89

Risk Enterprise Digital Transformation Risk Management 89

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 Firms might need to overhaul their risk assessment and portfolio management practices to include climate risk and opportunity.

Insurance 92

Insurance Forecasting Risk Risk Management 92

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

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.

Digital Transformation 116

Digital Transformation Risk Cost-Benefit Risk Management 116

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.

Strategy 97

Strategy Risk Enterprise Risk Management 97

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 75

Cost-Benefit Risk Digital Transformation Risk Management 75

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 109

Risk Risk Management Management Technology 109

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 83

Risk Management Risk Management Measurement 83

IBM Big Data Hub

JUNE 23, 2023

A recent report published by IBM’s Institute for Business Value (IBV) specifies key actions in response to one of seven bets proposed. A human layer of validation and a final sign-off on every transaction or report generated will be key. Risk management and controls are an imperative in F&A.

Finance 59

Finance Consulting Data-driven Risk 59

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 Heavy rain and tropical storms: Climate change alters precipitation patterns, with NASA reporting more frequent periods of excess precipitation.

Insurance 64

Insurance Risk Strategy Risk Management 64

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. In the U.S., the average cost of a data breach was at its highest, reaching $9.48M.

Cost-Benefit 78

Cost-Benefit Testing Strategy Risk Management 78

CIO Business Intelligence

APRIL 27, 2023

The past year was rough for the tech industry, with several companies reporting layoffs and the looming threat of a recession. 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. as of January. increase from 2021.

IT 110

IT Software Risk Management 110

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.), For the love of all things – please stop trying to give your cloud provider’s SOC2 report to auditors.

Data Processing 108

Data Processing Risk Management Risk Consulting 108

IBM Big Data Hub

DECEMBER 15, 2023

The transformative power of open-source AI Despite the risks, open-source AI continues to grow in popularity. Morgan’s Athena uses Python-based open-source AI to innovate risk management. Many developers are choosing open-source AI frameworks over proprietary APIs and software.

Deep Learning 69

Deep Learning Experimentation Machine Learning Risk 69

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. Lower financial risk: According to IBM’s recent Cost of Data Breach Report, the average cost of a data breach was USD 4.45 million in 2023—a 15% increase since 2020.

Cost-Benefit 92

Cost-Benefit Risk Enterprise Advertising 92

CIO Business Intelligence

DECEMBER 29, 2023

Adaptability and useability of AI tools For CIOs, 2023 was the year of cautious experimentation for AI tools. This will help us continue to build on our culture of continuous improvement, and the belief that everyone in the organization plays a role to encourage incident reporting practices and maintain peak security.”

Cost-Benefit 135

Cost-Benefit Digital Transformation Consulting Strategy 135

IBM Big Data Hub

NOVEMBER 28, 2022

According to the Gartner Hype Cycle for Data Privacy 2021, more than 80% of companies worldwide will face at least one privacy-focused data protection regulation by 2023. 3 benefits of an active metadata management solution. Check out the free trial.

Metadata 57

Metadata Data Quality Data-driven Data Governance 57

Cloudera

MARCH 25, 2021

Virginia’s law will go into effect on January 1, 2023. Reporting on the Virginia CDPA, a recent American Banker article highlights that the introduction of the state privacy laws may force banks to break down the silos. It won’t matter if you can collect social media data or geo location data, images, etc.

Data Strategy 65

Data Strategy Strategy Enterprise Insurance 65

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 100

Machine Learning Deep Learning Big Data Testing 100

Cloudera

APRIL 18, 2024

In the financial sector, regulations are essential for financial institutions to maintain stability by preventing excessive risk-taking, ensuring adequate capitalization and reducing the likelihood of failures or financial crises. What is DORA?

Risk Management 76

Risk Management Risk Testing Management 76

CIO Business Intelligence

DECEMBER 21, 2023

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.

Measurement 52

Measurement Risk Management Risk Management 52

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 83

Reporting Consulting Risk Metrics 83

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 78

Risk Management Risk Metrics Machine Learning 78

IBM Big Data Hub

OCTOBER 23, 2023

1] Managing complex business operations across a hybrid multicloud environment presents leaders with unique challenges, not least of which are cyberthreats that can bring essential business functions to a halt—potentially for days, weeks or months. 2] Cost of a Data Breach Report 2023 , IBM Security®, July 2023. [3]

Risk 89

Risk Strategy Risk Management Digital Transformation 89

CIO Business Intelligence

MARCH 4, 2024

Globally, 2023 was a challenging year for organisations looking to stay one step ahead of cyber criminals. In a stark warning, Tanium’s Cybersecurity in Europe report spells out the current threat level in no uncertain terms. “[Across Europe] we are seeing breaches in all industries, from airlines to retail, from banking to manufacturing.

Manufacturing 115

Manufacturing Risk Reporting Risk Management 115

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.

Insurance 83

Insurance Data Architecture Risk Management Risk 83

IBM Big Data Hub

APRIL 21, 2023

The Corporate Sustainability Reporting Directive (CSRD) reached a provisional political agreement in June 2022, signaling it will take effect in January 2024 for all relevant companies. This move aims to achieve more complete and transparent sustainability reporting across the region. CSRD on track to enter into force in 2024.

Reporting 44

Reporting Metrics Risk Strategy 44

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. How can IBM help?

Risk 56

Risk Gap analysis Reporting Risk Management 56

AWS Big Data

JANUARY 31, 2024

Background Options Price Reporting Authority (OPRA) serves as a crucial securities information processor, collecting, consolidating, and disseminating last sale reports, quotes, and pertinent information for US Options. Dataset For this analysis, we used the LSEG Tick History – PCAP OPRA dataset from May 17, 2023.

Marketing 82

Marketing Analytics Visualization Strategy 82

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 127

IT Risk Optimization Technology 127

CIO Business Intelligence

DECEMBER 6, 2023

That’s what eight out of 10 IT staff said in last year’s State of DevOps Automation Report , and up to just over 90% in the 2023 State of DevOps Automation and AI study. Fiction magazines report receiving so many low-quality AI-written stories that it’s effectively a denial of service attack.

IT 129

IT Risk Management Interactive Modeling 129

CIO Business Intelligence

DECEMBER 7, 2022

Gartner predicts 2023 IT spending will grow 5.1% Security tops the list According to this year’s State of the CIO survey , cybersecurity and risk management are the top investment areas for 45% of IT leader respondents. For the immediate future, Lovelock says, budget issues will be, if not completely stable, at least manageable.

IT 130

IT Insurance Cost-Benefit Risk Management 130

Cloudera

AUGUST 21, 2021

Besides identifying key event patterns and escalating crucial alerts based on predictive insights and actionable intelligence, real time analytics and stream processing fortifies risk management by enabling preventive measures before an incident results in damage. . The need for speed.

Data-driven 99

Data-driven Digital Transformation Risk Risk Management 99

IBM Big Data Hub

JANUARY 30, 2024

billion in 2023. Build a zero-trust security approach According to a recent IBM IBV study , the average organization uses more than eight to nine cloud infrastructure environments at any given time, increasing the risk of security threats from bad actors and putting sensitive data at risk. to total $678.8 trillion in 2027.

Strategy 98

Strategy Cost-Benefit Risk Optimization 98