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 140

Digital Transformation Unstructured Data Machine Learning Risk Management 140

CIO Business Intelligence

JANUARY 2, 2024

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 121

Risk IT Risk Management Sales 121

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 111

Risk Interactive Insurance Strategy 111

CIO Business Intelligence

MARCH 21, 2024

With these principles in mind, Lovelady and his team launched their strategy, dubbing it “fifteen in five,” representing their bold ambition to drive fifteen years’ worth of transformation in the next five, and to shore up IT capabilities in doing so. “Or do you want it designed by your A players?”

IT 109

IT Manufacturing Risk Management Risk 109

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 97

Risk Risk Management Strategy Enterprise 97

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. The post Will Data Privacy drive an Enterprise Data Strategy? appeared first on Cloudera Blog.

Data Strategy 64

Data Strategy Strategy Enterprise Insurance 64

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 Create an operational strategy to use weather data A new or expanded team might have to fully take advantage of weather data throughout the business.

Insurance 92

Insurance Forecasting Risk Risk Management 92

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 89

Risk Enterprise Digital Transformation Risk Management 89

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 80

Consulting Risk Metadata Risk Management 80

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 64

Insurance Risk Strategy Risk Management 64

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 111

Risk Risk Management Management Technology 111

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.

Cost-Benefit 78

Cost-Benefit Testing Strategy Risk Management 78

CIO Business Intelligence

JUNE 26, 2023

Wide-scale digital transformation has positioned technology as the center piece of companies’ revenue-generation strategies, both as foundation for delivering and servicing products and as the primary touchpoint for customer engagement. That has served me incredibly well.”

IT 114

IT Software Consulting Digital Transformation 114

CIO Business Intelligence

DECEMBER 29, 2023

Among the various strategies at our disposal, automation stands out as a pivotal solution,” she says. “In Adaptability and useability of AI tools For CIOs, 2023 was the year of cautious experimentation for AI tools. “In CIOs will feel pressure to help develop strategies around it to stay ahead of competitors and enable their business.”

Cost-Benefit 133

Cost-Benefit Digital Transformation Consulting Strategy 133

IBM Big Data Hub

FEBRUARY 13, 2024

Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals. It also can help optimize transportation costs and service-level agreements as well as improve inventory management and visibility. This technology can also help reduce the risk of regulatory non-compliance.

Cost-Benefit 84

Cost-Benefit Scorecard Risk Recreation/Entertainment 84

IBM Big Data Hub

JUNE 23, 2023

Whether you’re a CFO, an accountant, a financial analyst or a business partner, artificial intelligence (AI) can help improve your finance strategy, uplift productivity and accelerate business outcomes. Risk management and controls are an imperative in F&A. Apply the controllership lens.

Finance 59

Finance Consulting Data-driven Risk 59

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

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

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

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 109

Data Processing Risk Management Risk Consulting 109

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 77

Risk Reporting Data-driven Publishing 77

Smart Data Collective

MAY 25, 2023

A cybersecurity strategy is essential for protecting employees, corporate, and customers’ confidential data. However, implementing these cyber security tips for small and medium-sized businesses in 2023 can help safeguard your company. It aims at ensuring operation integrity and your company’s critical asset security.

Internet of Things 91

Internet of Things Cost-Benefit Risk Software 91

CIO Business Intelligence

JULY 7, 2023

We’ve also published, in partnership with the Internet Security Alliance (ISA), the 2023 Director’s Handbook on Cyber-Risk Oversight. We know only about 42% of boards have representation from cyber-savvy leaders, so there’s an opportunity to educate and bring awareness to the risks around that. You have to get exposure.

Risk 110

Risk Finance Technology Strategy 110

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

IBM Big Data Hub

OCTOBER 23, 2023

71% of executives think it’s difficult to realize the full potential of a digital transformation without having a solid hybrid cloud strategy in place. [1] But what does such a strategy entail? There are three keys to developing a successful hybrid cloud risk management strategy : security, compliance and resiliency.

Risk 89

Risk Strategy Risk Management Digital Transformation 89

IBM Big Data Hub

SEPTEMBER 20, 2022

Your model risk management team, IT operations team and line-of-business employees also need appropriate access. The potential advantage of AI is reflected in the strategy trends of industry leaders. It’s not just about granting proper access to data science teams. Better data-driven decision making with AI and AI governance.

Metadata 57

Metadata Machine Learning Data-driven Modeling 57

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 89

IT Data Science IoT Digital Transformation 89

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 75

Risk Management Risk Testing Management 75

IBM Big Data Hub

JANUARY 30, 2024

billion in 2023. To overcome various challenges associated with multicloud , organizations need to map out a comprehensive multicloud management strategy to achieve overall success. While each multicloud journey is unique, here are eight fundamental steps for creating a successful multicloud strategy: 1. to total $678.8

Strategy 98

Strategy Cost-Benefit Risk Optimization 98

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 82

Insurance Data Architecture Risk Management Risk 82

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

CIO Business Intelligence

JUNE 8, 2023

According to Foundry’s 2023 State of the CIO Research, technology budget growth is seeing pre-pandemic levels. 91% of CIOs expect their tech budget to either increase or stay the same in 2023. It is thus, very essential for a CIO to rebalance these priorities while recalibrating their business strategies.

Strategy 79

Strategy Data-driven Interactive Digital Transformation 79

AWS Big Data

JANUARY 31, 2024

Transaction cost analysis (TCA) is widely used by traders, portfolio managers, and brokers for pre-trade and post-trade analysis, and helps them measure and optimize transaction costs and the effectiveness of their trading strategies. Dataset For this analysis, we used the LSEG Tick History – PCAP OPRA dataset from May 17, 2023.

Marketing 80

Marketing Analytics Visualization Strategy 80

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. IT Leadership, IT Strategy

IT 129

IT Risk Optimization Technology 129

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 56

Risk Gap analysis Reporting Risk Management 56

CIO Business Intelligence

JULY 12, 2023

Last week, I attended the annual Gartner® Security and Risk Management Summit. The event gave Chief Information Security Officers (CISOs) and other security professionals the opportunity to share concerns and insights about today’s most pressing issues in cybersecurity and risk management. See you there.

Risk Management 82

Risk Management Risk Digital Transformation Strategy 82

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. Credit Risk Management and Basel III. Operational risk management. Let’s take a look at how and why.

Management 52

Management Risk Management Risk Visualization 52