article thumbnail

Data Scalability Raises Considerable Risk Management Concerns

Smart Data Collective

As such, you should concentrate your efforts in positioning your organization to mine the data and use it for predictive analytics and proper planning. The Relationship between Big Data and Risk Management. Tips for Improving Risk Management When Handling Big Data. Vendor Risk Management (VRM).

article thumbnail

Data Analytics Helps Hedge Funds Improve Customer ROIs

Smart Data Collective

We mentioned that data analytics is vital to marketing , but it is affecting many other industries as well. The market for financial analytics was worth $8.2 According to a report by Dataversity , a growing number of hedge funds are utilizing data analytics to optimize their rick profiles and increase their ROI.

ROI 71
Insiders

Sign Up for our Newsletter

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

article thumbnail

Ways in Which AI can Improve Enterprise Risk Management

bridgei2i

From supply chain optimization to automating recurring tasks, using chatbots and personalizing suggestions for improved customer service, and making the most of business intelligence for better decision making, AI is the go-to choice for most businesses, irrespective of the industry. However, risk management is no way lagging.

article thumbnail

Optimizing Risk and Exposure Management – Roundtable Highlights

Cloudera

For financial institutions and insurers, risk and exposure management has always been a fundamental tenet of the business. Now, risk management has become exponentially complicated in multiple dimensions. . Attendees included senior risk managers and analytics experts from financial institutions and insurance companies.

Risk 97
article thumbnail

Automotive Industry Uses Analytics To Solve Pressing Supply Chain Issues

Smart Data Collective

In light of this, industry experts are using analytics to streamline production and minimize waste to address these challenges. Here’s an in-depth look into analytics and its role in the automotive sector. Each aspect of the automotive workflow has its respective form of analytics. Risk Management.

Analytics 120
article thumbnail

What keeps IT leaders up at night?

CIO Business Intelligence

Respondents were asked about their current IT stressors, their approach to modernizing their IT infrastructure, and how they plan to become more efficient and optimized in the years ahead. It helps reduce risk, increase efficiency, optimize resources, and improve both the customer and employee experience.

IT 98
article thumbnail

Essential skills and traits of chief AI officers

CIO Business Intelligence

They should lead the efforts to tie AI capabilities to data analytics and business process strategies and champion an AI-first mindset throughout the organization. At a high level, a CAIO will need to understand the business well enough to identify where AI can make an impact, whether through new value streams or optimization, Daly says.