Smart Data Collective

SEPTEMBER 13, 2021

A Security Intelligence article cites that the 2021 average cost of a data breach is $4.24 Remote working has also created greater data security risks. Risk assessments. Enterprises must constantly review and address new risks and changes in protecting data. million, the highest on record. Conclusion.

Risk 125

Risk Strategy Enterprise Finance 125

TDAN

MAY 16, 2023

Cybersecurity risks in procurement can result in significant financial loss, reputational damage, and legal liability. Procurement is an essential function within any organization, involving the acquisition of goods and services necessary for business operations. Therefore, it is crucial […]

Risk 52

Risk Technology Risk Management Data Architecture 52

Decision Management Solutions

APRIL 23, 2019

In that post, I referenced Matt Josefowticz’s article – Technology May be the Answer for Insurers, but What Was the Question? , in which he states there are only three levers of value in insurance: Sell More, Manage Risk Better (aka underwriting and adjusting), and Cost Less to Operate.

Insurance 69

Insurance Risk Technology Management 69

CIO Business Intelligence

MARCH 15, 2023

In reality, generative AI presents a number of new and transformed risks to the organization. A second, more pernicious risk is the fact that ChatGPT can write malware. It’s vitally important, of course – but it’s only one of the many risks CIOs must mitigate. Such is the nature of cybersecurity risk management.

Digital Transformation 120

Digital Transformation Risk Risk Management Strategy 120

CIO Business Intelligence

SEPTEMBER 20, 2023

In this article, we will explore the top five priorities for CIOs and CISOs and how Zero Trust can help them align by addressing the challenges they face, including ransomware threats. Risk Management: CISOs must assess and manage the risks posed by new technologies and changing threat landscapes.

Digital Transformation 107

Digital Transformation Risk Management Risk Machine Learning 107

Smart Data Collective

MAY 15, 2019

On the other hand, big data has created a number of security risks that they need to be aware of, especially with brands leveraging Hadoop technology. Big data has created a number of security risks for Bluetooth users. Bluetooth Security Risks in the Age of Big Data. The best way to reduce the risk is to turn Bluetooth off.

Big Data 92

Big Data Risk Measurement Data mining 92

IBM Big Data Hub

FEBRUARY 5, 2024

Envisioned to comprehensively address information and communications technology (ICT) risk management in financial services, DORA aims to harmonize existing regulations across EU member states. Furthermore, the RTS Article 6 highlights the necessity for all networked traffic, both internal and external, to be encrypted.

Risk Management 67

Risk Management Risk Consulting Management 67

CIO Business Intelligence

DECEMBER 19, 2023

In researching this article, I found gaps where CIOs promised capabilities to stakeholders, but implementations and business impacts have lagged expectations. CIOs should look for other operational and risk management practices to complement transformation programs.

Digital Transformation 142

Digital Transformation Unstructured Data Machine Learning Risk Management 142

Smart Data Collective

SEPTEMBER 17, 2020

The value that Big Data brings with it is unrivaled, and, in this article, we will see how this brings forth positive results in the banking and finance world. Here are a few of the advantages of Big Data in the banking and financial industry: Improvement in risk management operations. The Underlying Concept.

Big Data 141

Big Data Finance Risk Management Risk 141

Dataiku

SEPTEMBER 8, 2021

This article presents how financial modeling can be done inside Dataiku. Let’s begin with the context: spreadsheet-based tools like Microsoft Excel are some of the most popular tools for financial modeling and are used for all kinds of tasks including investment analysis, P&L modeling, and risk management.

Modeling 105

Modeling Risk Management Risk Management 105

CIO Business Intelligence

AUGUST 30, 2023

In my previous column in May, when I wrote about generative AI uses and the cybersecurity risks they could pose , CISOs noted that their organizations hadn’t deployed many (if any) generative AI-based solutions at scale. Today, it is, as they create a mysterious new risk and attack surface to defend against.

Enterprise 131

Enterprise Risk Measurement Software 131

John Wheeler

DECEMBER 5, 2019

In addition to some of the likely topics such as blockchain and AI, we are also seeing great interest in how TSPs can offer better risk management and security capabilities. These capabilities are desired to address the rise in technological product complexity as well as the expanding cyber threat environment.

Technology 64

Technology Risk Management Risk Management 64

CIO Business Intelligence

SEPTEMBER 7, 2023

more about this in my article about accelerating generative AI here ). The second challenge is managing new risks, which stem primarily from the threat of misinformation. Since the consequence of failure is high, the defense industry must strike a deft balance between innovation and risk management.

Unstructured Data 111

Unstructured Data Cost-Benefit Risk Data-driven 111

TDAN

APRIL 20, 2021

Modern airplanes travel the world through all kinds of weather via the use of radar. Oxford Dictionary defines radar as “a system for detecting the presence, direction, distance and speed of an object. Radar is used to indicate there is something that has not yet come to the attention of a person or a group.” […].

Risk 52

Risk Risk Management Metadata Data Governance 52

TDAN

JANUARY 19, 2021

In October 2020, the Office of the Comptroller of the Currency (OCC) announced a $400 million civil monetary penalty against Citibank for deficiencies in enterprise-wide risk management, compliance risk management, data governance, and internal controls.

Data Governance 80

Data Governance Risk Management Risk Management 80

IBM Big Data Hub

MARCH 4, 2024

While many organizations have implemented AI, the need to keep a competitive edge and foster business growth demands new approaches: simultaneously evolving AI strategies, showcasing their value, enhancing risk postures and adopting new engineering capabilities. Otherwise, the risks become too significant.

Enterprise 98

Enterprise ROI Risk Strategy 98

CIO Business Intelligence

JULY 8, 2022

This article will be updated once the new certifications are announced in the coming months. Integrating Risk and Security Certification. The Open Group also offers the Integrating Risk and Security Certification , which validates that you understand several security and risk concepts as they apply to enterprise architecture.

Risk Management 98

Risk Management Risk Enterprise Metadata 98

Cloudera

AUGUST 12, 2021

Risk Management. A 2019 HBR article mentioned how organizational decisions backed by data have instilled more confidence and reduced risk. One of the more obvious use cases of data’s role in reducing risk is insurance policies. MetLife then reaches out to specific drivers to urge them to take precautions. .

Data-driven 111

Data-driven Manufacturing Insurance Risk Management 111

O'Reilly on Data

MAY 18, 2020

This article answers these questions, based on our combined experience as both a lawyer and a data scientist responding to cybersecurity incidents, crafting legal frameworks to manage the risks of AI, and building sophisticated interpretable models to mitigate risk. 4 But is it too broad to be useful?

Risk 359

Risk Modeling Data Processing Software 359

Analytics Vidhya

AUGUST 31, 2022

This article was published as a part of the Data Science Blogathon. Introduction A data lake is a central data repository that allows us to store all of our structured and unstructured data on a large scale.

Data Lake 267

Data Lake Unstructured Data Big Data Dashboards 267

O'Reilly on Data

DECEMBER 12, 2019

1] This includes C-suite executives, front-line data scientists, and risk, legal, and compliance personnel. This article is meant to be a short, relatively technical primer on what model debugging is, what you should know about it, and the basics of how to debug models in practice. That’s where model debugging comes in.

Machine Learning 191

Machine Learning Modeling Testing Risk Management 191

IBM Big Data Hub

FEBRUARY 13, 2024

The result will be unusable if a user prompts the model to write a factual news article. Project management and operations : Generative AI tools can support project managers with automation within their platforms. Imagine training a generative AI model on a dataset of only romance novels.

Enterprise 118

Enterprise Modeling Testing Data-driven 118

bridgei2i

APRIL 26, 2021

If you wish to know more, in this article, you will know the importance of artificial intelligence in financial services. . Risk management . AI helps make better decisions and mitigates potential risks. Making the entire banking process intelligent eliminates money laundering, cyber risks, and frauds.

Finance 105

Finance Risk Risk Management Enterprise 105

Smart Data Collective

MAY 25, 2023

This article discusses eight crucial cybersecurity tips for small and medium-sized businesses that want to avoid being the victims of data breaches. With a cybersecurity plan, businesses understand risks well and can enable proactive protection while ensuring prompt responses to cyberattacks.

Internet of Things 89

Internet of Things Cost-Benefit Risk Software 89

erwin

JUNE 14, 2019

This article further explores digital transformation and data governance in retail. This article analyzes how municipal governments can be “smart” about their transformation efforts. Mitigating Digital Transformation Risks. Risks come with any investment. Data can tell you. Digital Transformation in Hospitality.

Digital Transformation 111

Digital Transformation Data Governance Risk Data-driven 111

Andrew White

MAY 21, 2022

Check out 7 Risk Areas Every Executive Should Expect and Manage Following the Russian Invasion of Ukraine. Here are team of analysts explore various risks that were triggered or augmented by the Russian invasion of Ukraine. When the market perceives risk, capital seeks the safest investments. Remember those times?

Risk 75

Risk Forecasting Marketing Manufacturing 75

Smart Data Collective

MAY 8, 2022

Well, don’t go anywhere because, in this article, we will show you how you can use big data analytics combined with AI to achieve the best performance possible. Identifying risks. Bg data has been very responsive in responding to risk management by providing new solutions. Big data and AI have a direct relationship.

Big Data 104

Big Data Data Analytics Analytics Cost-Benefit 104

IBM Big Data Hub

DECEMBER 4, 2023

Risk management To make underwriting decisions related to property, insurance companies gather a significant amount of external data, including the property data provided in insurance application forms, historical records of floods, hurricanes, fire incidents and crime statistics for the specific location of the property.

Insurance 54

Insurance Digital Transformation Risk Management Interactive 54

FineReport

AUGUST 13, 2021

Insurance companies provide risk management in the form of insurance contracts. Industry-specific, comprehensive, and reliable data management and presentation have become an issue of increasing concern in the insurance industry. In addition, this article introduces a useful tool. Insurance Dashboard (by FineReport).

Insurance 52

Insurance Dashboards KPI Analytics 52

Ontotext

JULY 6, 2023

Let’s consider an example about risk and opportunity event detection. Adding signals from unstructured content Now we want to enrich this data with signals from unstructured content – in this case, news articles. The solution also reduces incident response times, optimizes processes and streamlines asset management.

Cost-Benefit 52

Cost-Benefit Metadata Experimentation Risk 52

FineReport

JUNE 7, 2023

What Is A Project Management Dashboard? Project management dashboards serve as dynamic visual aids, empowering project managers to effectively track project progress, identify risks, and allocate tasks to team members efficiently. This visual tool allows managers to track the progress of ongoing project tasks.

Dashboards 52

Dashboards Management Visualization Cost-Benefit 52

Smart Data Collective

OCTOBER 21, 2021

The CISSP certification test assesses your knowledge in eight different security domains: Security and Risk Management Asset Security Security Architecture and Engineering Communication and Network Security Identity and Access Management (IAM) Security Assessment and Testing Security Operations Software Development Security.

Testing 121

Testing Big Data Risk Management Risk 121

Smart Data Collective

AUGUST 1, 2022

For example, you can find discussion threads on stock selection strategies and risk management. This community offers a great utility to users, including financial data, ready-made AI trading algorithms, articles, technical indicators, an official forum, and live chat. The topics are categorized, making them easy to find.

Cost-Benefit 107

Cost-Benefit Machine Learning Marketing Strategy 107

IBM Big Data Hub

MAY 17, 2024

But as businesses around the globe rapidly adopt the technology to augment processes from merchandising to order management, there is some risk. Inventory transparency and order accuracy AI-powered order management systems provide real-time visibility into all aspects of the critical order management workflow.

B2B 65

B2B Interactive Optimization Forecasting 65

Jet Global

JUNE 25, 2021

Not only is this a radical shift in basic accounting tasks; it’s also an exercise in risk management. Then, they can simultaneously get input from various departments via an online version of the budget.

Technology 95

Technology Finance Risk Management Manufacturing 95

Anmut

MARCH 2, 2020

Take insurance – where risk premiums can be adjusted based on customer insights. Or they can change the premiums based on where cars are located – you pay less when your car is at home in your garage than when parked in a multi-story car park, where local crime data shows there’s a higher risk of car crime.

Insurance 52

Insurance Risk Management Risk Cost-Benefit 52

Jet Global

JANUARY 14, 2021

Coverage includes original reporting on new accounting standards, recent capital-raisings, risk management, and professional career development. Strategic Finance is the award-winning flagship publication of IMA® (Institute of Management Accountants). CFO.com offers daily stories geared specifically for finance executives.

Reporting 90

Reporting Finance Cost-Benefit Consulting 90