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. CIOs should look for other operational and risk management practices to complement transformation programs.

Digital Transformation 141

Digital Transformation Unstructured Data Machine Learning Risk Management 141

CIO Business Intelligence

MARCH 21, 2024

Combined with an outstanding internal ERP implementation team, Lovelady worked with business units to put their best talent on the ERP initiatives, which in 2023 alone, led to four on-time deployments. “Or do you want it designed by your A players?” It also led to the consolidation of seven separate CRM environments.

IT 110

IT Manufacturing Risk Management Risk 110

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 113

Risk Interactive Insurance Strategy 113

CIO Business Intelligence

SEPTEMBER 20, 2023

Risk Management: CISOs must assess and manage the risks posed by new technologies and changing threat landscapes. Employee Awareness: Effective employee training and awareness is critical in ensuring that staff are not unwittingly exposing the organization to cyber risks.

Digital Transformation 104

Digital Transformation Risk Management Risk Machine Learning 104

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. These executive lead risk or compliance departments with dedicated teams. What is GRC?

Risk 99

Risk Risk Management Strategy Enterprise 99

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 77

Risk Management Risk Reporting Management 77

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

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 87

Risk Enterprise Digital Transformation Risk Management 87

CIO Business Intelligence

AUGUST 4, 2023

This has served us well for many years, but the time has come where we need to step up the risk management mindset, including R&D and innovation-related projects, due to technology’s increasing rate of adoption, scale, and impact. Emerging Technology, IT Leadership, Risk Management

Risk 93

Risk Risk Management ROI Technology 93

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 81

Risk Management Risk Management Measurement 81

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 As the effects of climate change intensify, extreme weather events are becoming increasingly frequent and severe. These climate events have a huge potential impact on financial institutions.

Insurance 90

Insurance Forecasting Risk Risk Management 90

IBM Big Data Hub

FEBRUARY 19, 2024

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. They can also provide access to new markets, technologies, and expertise, offering a competitive advantage.

Strategy 85

Strategy Management Forecasting Cost-Benefit 85

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 74

Cost-Benefit Risk Digital Transformation Risk Management 74

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 113

Risk Risk Management Management Technology 113

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 120

Digital Transformation Risk Cost-Benefit Risk Management 120

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 96

Strategy Risk Enterprise Risk Management 96

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. Mitigation efforts and having the proper risk management tools will be vitally important as threats increase.

Risk Management 51

Risk Management Insurance Cost-Benefit Risk 51

IBM Big Data Hub

DECEMBER 4, 2023

Its toolkit automates risk management, monitors models for bias and drift, captures model metadata and facilitates collaborative, organization-wide compliance. It helps accelerate responsible, transparent and explainable AI workflows. GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S.

Consulting 78

Consulting Risk Metadata Risk Management 78

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 “If we act now,” IPCC Chair Hoesung Lee said in a 2023 statement , “we can still secure a livable sustainable future for all.”

Insurance 62

Insurance Risk Strategy Risk Management 62

IBM Big Data Hub

FEBRUARY 13, 2024

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.

Cost-Benefit 83

Cost-Benefit Risk Scorecard Recreation/Entertainment 83

IBM Big Data Hub

SEPTEMBER 15, 2023

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. Furthermore, companies would need to disclose the price and rationale for internal carbon prices.

Risk 76

Risk Reporting Data-driven Publishing 76

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

SEPTEMBER 20, 2023

Availability The Vancouver release of Now Platform and its Now Assist add-ons is scheduled for release on September 29, 2023. ServiceNow has also expanded its third-party risk management tool, allowing more employees to use it to evaluate the security of applications.

Cost-Benefit 110

Cost-Benefit Software Finance Interactive 110

IBM Big Data Hub

JUNE 23, 2023

Risk management and controls are an imperative in F&A. In 2023 alone, IBM Consulting has interacted with more than 100 clients and completed dozens of engagements infusing generative AI alongside classical machine learning AI strategies. Apply the controllership lens.

Finance 58

Finance Consulting Data-driven Risk 58

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 76

Cost-Benefit Testing Strategy Risk Management 76

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.), nyike You can check out the full February 2, 2023, discussion at #CIOTechTalk. They post it on their web site.

Data Processing 111

Data Processing Risk Management Risk Consulting 111

CIO Business Intelligence

JUNE 26, 2023

According to the 2023 State of the CIO , CIOs are more involved in leading digital transformation initiatives compared to business leaders (84%), serve as change agents (85%), have revenue responsibilities (68%), and partner closely with the CEO and board of directors (77%). Competitive fire is a must.

IT 115

IT Software Consulting Digital Transformation 115

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. Average salary: US$151,364 Increase from 2021 : 2.3%

IT 114

IT Software Risk Management 114

CIO Business Intelligence

APRIL 22, 2024

L’ultimo Rapporto Clusit ha contato 2.779 incidenti gravi a livello globale nel 2023 (+12% rispetto al 2022), di cui 310 in Italia, ovvero l’11% del totale mondiale e un incremento addirittura del 65% in un anno. Questi requisiti sono suddivisi in tre macroaree: governance, risk management e controllo della catena di fornitura.

Data Lake 94

Data Lake Testing Management IoT 94

Smart Data Collective

MAY 25, 2023

To create a successful cybersecurity plan, start by conducting a cybersecurity risk evaluation , setting your security goals, assessing your technology, choosing a security framework, reviewing security policies, developing a risk management plan, implementing your security strategy, and examining the security plan.

Internet of Things 87

Internet of Things Cost-Benefit Risk Software 87

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 68

Deep Learning Experimentation Machine Learning Risk 68

CIO Business Intelligence

DECEMBER 29, 2023

Adaptability and useability of AI tools For CIOs, 2023 was the year of cautious experimentation for AI tools. Information security and risk management are always top priorities for Fleetcor Technologies’ CIO Scott DuFour as well, and 2024 will be no different.

Cost-Benefit 134

Cost-Benefit Digital Transformation Consulting Strategy 134

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.

Metadata 57

Metadata Data Quality Data-driven Data Governance 57

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 78

IT Machine Learning Risk Optimization 78

Cloudera

MARCH 25, 2021

Virginia’s law will go into effect on January 1, 2023. Risk management can be optimized by the improved use of data and analytics to run models, account for more variables and scrutinize probable outcomes. Will the data privacy controls ultimately help create an enterprise approach to data?

Data Strategy 65

Data Strategy Strategy Enterprise Insurance 65