CIO Business Intelligence

MAY 20, 2024

Although AI, machine learning, and generative AI — the more recent entrant in the space — are not new, they are becoming more mature, mainstream technologies. Those projects include implementing cloud-based security, anti-ransomware, and user behavior analytics tools, as well as various authentication technologies. Foundry / CIO.com 3.

IT 137

IT Risk Management Machine Learning Risk 137

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. I wrote in Driving Digital , “Digital transformation is not just about technology and its implementation.

Digital Transformation 142

Digital Transformation Unstructured Data Machine Learning Risk Management 142

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

Laminar Security

JULY 14, 2023

Just like the bright lights of Vegas, this conference is a glittering hub of cutting-edge technology, expert knowledge, with a dash of dark humor and mischief. In their own words, CISA is responsible for leading “…the national effort to understand, manage, and reduce risk to our cyber and physical infrastructure.”

Risk 65

Risk Strategy Risk Management Technology 65

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 86

Insurance Data Architecture Risk Management Risk 86

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 75

Risk Management Risk Metrics Machine Learning 75

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 116

Risk Interactive Insurance Strategy 116

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 105

Digital Transformation Risk Management Risk Machine Learning 105

Cloudera

MARCH 18, 2021

The Fundamental Review of the Trading Book (FRTB), introduced by the Basel Committee on Banking Supervision (BCBS), will transform how banks measure risk. In order to help make banks more resilient to drastic market changes, it will impose capital requirements that are more closely aligned with the market’s actual risk factors.

Risk 55

Risk Machine Learning Risk Management Measurement 55

CIO Business Intelligence

MARCH 4, 2024

Globally, 2023 was a challenging year for organisations looking to stay one step ahead of cyber criminals. But so too is the ongoing work of many established companies and institutions to strengthen their own security while managing the transition away from legacy systems. With AEM costs and risks are reduced.

Manufacturing 120

Manufacturing Risk Reporting Risk Management 120

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. In fact, the spectrum of IRM technology solutions is increasing due to digital transformation efforts in companies of all sizes. billion by 2023 (see figure below).

Marketing 80

Marketing Risk Management Digital Transformation Risk 80

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. An ERP veteran, Lovelady knows that technology alone isn’t what makes ERP implementation successful.

IT 109

IT Manufacturing Risk Management Risk 109

CIO Business Intelligence

SEPTEMBER 26, 2023

In addition to the executive order, the National Institute of Standards and Technology (NIST) has published several guidelines for implementing Zero Trust in organizations. This policy should include guidelines for employee training, incident response, and risk management.

Cost-Benefit 139

Cost-Benefit Measurement Risk Risk Management 139

IBM Big Data Hub

MAY 28, 2024

According to IBM’s Cost of a Data Breach , the global average cost to remediate a data breach in 2023 was USD 4.45 In May 2023, Ireland’s data protection authority imposed a USD 1.3 Data risk management To protect their data, organizations first need to know their risks.

Strategy 64

Strategy Measurement Risk Cost-Benefit 64

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 120

Digital Transformation Risk Cost-Benefit Risk Management 120

CIO Business Intelligence

MARCH 20, 2024

These are tough yet not insurmountable technology challenges. But it’ll all be for nothing if organizations overlook the biggest factor in this unprecedented technological leap: their people. But it’ll all be for nothing if organizations overlook the biggest factor in this unprecedented technological leap: their people.

IT 123

IT Strategy Enterprise Technology 123

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. It includes everything from product development and strategic decision-making to information systems and new technologies.

Strategy 84

Strategy Management Forecasting Cost-Benefit 84

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. How is your business impacted by generative AI?

Strategy 97

Strategy Risk Enterprise Risk Management 97

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

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 86

Risk Enterprise Digital Transformation Risk Management 86

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.

Risk Management 89

Risk Management Risk Digital Transformation Strategy 89

CIO Business Intelligence

JULY 6, 2023

They use integration and analytics tools from the SAP Business Technology Platform along with the PwC best practices to link with client systems and provide a tool to meet the needs of both the goals and the laws. The PwC risk methodology provides continuous monitoring and analysis of 13 thematic areas including child labor and slavery, etc.

Cost-Benefit 78

Cost-Benefit Risk Digital Transformation Risk Management 78

IBM Big Data Hub

FEBRUARY 13, 2024

They also factor in how a strong partnership could reduce supply chain risk and advance sustainability. Such analysis and decision-making are often optimized with the help of various technologies, including artificial intelligence tools and data analytics platforms.

Cost-Benefit 81

Cost-Benefit Scorecard Risk Recreation/Entertainment 81

Jet Global

JULY 28, 2023

The focus on innovative technologies and digital transformation is helping businesses gain a competitive edge, while the lessons learned from the pandemic underscore the importance of adaptability and preparedness for future disruptions. EMEA mirrors the global results at 66%.

Finance 52

Finance Uncertainty Reporting Forecasting 52

CIO Business Intelligence

APRIL 15, 2024

The senior vice president and chief information and strategy officer at National Life Group, has spent years executing a technology roadmap to modernize the insurance company. For CIOs, understanding the business is table stakes — now we’re expected to change the business, not just technology.”

Digital Transformation 127

Digital Transformation Strategy Technology Enterprise 127

IBM Big Data Hub

DECEMBER 4, 2023

In a new case study featuring IBM, Gartner talks about how to establish a governance framework to streamline the process of detecting and managing technology ethics concerns in AI projects. The Board recently published its point of view on foundation models addressing the risks that generative AI poses. All rights reserved.

Consulting 77

Consulting Risk Metadata Risk Management 77

IBM Big Data Hub

JANUARY 16, 2024

The start of 2024 brings forth many questions as to what we can expect in the year ahead, especially in the financial services industry, where technological advances have skyrocketed and added complexities to an already turbulent landscape. This is something we’re likely to see more of this year.

Risk Management 49

Risk Management Insurance Cost-Benefit Risk 49

CIO Business Intelligence

MAY 13, 2024

That move, in turn, boosts the company’s automation, analytics, and artificial intelligence goals by delivering the high-quality data that those technologies crave — thereby improving both decision-making capabilities and user experiences. “We Corporate and IT strategy are one, and technology is the tool to deliver strategic objectives.

IT 129

IT Digital Transformation ROI Strategy 129

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. And there are an insane number of variants.

Modeling 135

Modeling Risk Software Enterprise 135

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 129

IT Risk Optimization Technology 129

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. Recalibrating the Cloud Strategy: During pandemic, everyone rushed to cloud adoption without understanding its entire scope.

Strategy 86

Strategy Data-driven Interactive Digital Transformation 86

Cloudera

NOVEMBER 30, 2023

Given the resulting hype, not to mention the exponentially increasing value proposition to help drive innovation and advance government agency missions, President Biden’s October 2023 Executive Order on the Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence was very timely.

Risk Management 78

Risk Management Risk Strategy Modeling 78

CIO Business Intelligence

JUNE 26, 2023

Ross Meyercord never set out to make the leap from technology leader to CEO, but a set of intentional and opportunistic career choices delivered the breadth of business experience and leadership skills required to land the job. Sharon Kennedy Vickers said her four-plus years as CIO for the City of St. Paul, Minn.,

IT 115

IT Consulting Software Digital Transformation 115

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 61

Insurance Risk Strategy Risk Management 61

CIO Business Intelligence

APRIL 27, 2023

But despite the bumpy year, demand for technology skills remains strong, with the US tech unemployment rate dropping to 1.5% Companies can’t ignore digital transformation as technology continues to dominate nearly every aspect of business and daily-life. as of January. Average salary : US$153,354 Increase from 2021 : n/a 4.

IT 113

IT Software Risk Management 113

CIO Business Intelligence

DECEMBER 6, 2023

However, it’s crucial to understand that this technology is a journey, with ample room for growth and development. Organizations need to have an honest look at their hygiene, priorities, and data sensitivities to ensure they’re plugging GenAI tools into the areas where they get maximum reward and minimized risk.”

IT 132

IT Risk Management Interactive Modeling 132

CIO Business Intelligence

DECEMBER 29, 2023

With the merging of operational efficiency and embracing new technologies, today’s CIOs are under increasing pressure to do more with less and become both technologists and business leaders, says Sunny Azadeh, CIO at digital services company GlobalLogic. “In

Cost-Benefit 137

Cost-Benefit Digital Transformation Consulting Strategy 137