IBM Big Data Hub

APRIL 4, 2024

The cloud represents a strategic tool to enable digital transformation for financial institutions As the banking and other regulated industry continues to shift toward a digital-first approach, financial entities are eager to use the benefits of digital disruption. Most of these new technologies are born-in-cloud.

Cost-Benefit 60

Cost-Benefit Risk Management Risk Digital Transformation 60

IBM Big Data Hub

FEBRUARY 13, 2024

For sourcing teams, that means pivoting their mindset around selecting suppliers from a tactical, lowest-cost-above-all approach to a strategic one. They also factor in how a strong partnership could reduce supply chain risk and advance sustainability. Specific types of sourcing minimize costs in different ways.

Cost-Benefit 86

Cost-Benefit Scorecard Risk Recreation/Entertainment 86

Decision Management Solutions

APRIL 23, 2019

In February, we published a blog post on “Using Technology to Add Value in Insurance”. 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. Let’s dive into greater detail on the second lever – Manage Risk Better.

Insurance 69

Insurance Risk Technology Management 69

Laminar Security

DECEMBER 22, 2023

In the age of cloud computing, data security and cost management are paramount for businesses. Data Security Posture Management (DSPM) serves as a critical tool in this landscape, offering businesses a way to keep their data secure while also managing their cloud storage costs effectively.

Cost-Benefit 95

Cost-Benefit Risk Optimization Risk Management 95

erwin

MARCH 25, 2021

And with many competing projects and activities vying for people’s time, it must be clear to people why choosing data governance activities will have a direct benefit to them. Usually we talk about benefits which are rather qualitative measures, but what we need for decision-making processes are values,” Pörschmann says. “We

Data Governance 109

Data Governance IT Cost-Benefit Risk 109

IBM Big Data Hub

APRIL 18, 2023

Are your payment systems ready to reap these benefits? Faster and more efficient payments: With the adoption of ISO 20022, wire transfers and real-time payments are processed more quickly and efficiently, reducing processing times and costs. appeared first on IBM Blog. Are your payment systems ready for these new opportunities?

Risk Management 117

Risk Management Cost-Benefit Risk Data-driven 117

IBM Big Data Hub

JANUARY 16, 2024

From reshaping the customer experience to bringing forth wealth management tools, the financial services sector will be at the helm of managing the lasting impact artificial intelligence (AI) will have on organizations and people. Trend: Customer experience One true benefit of AI-powered technology is the customer experience , or CX.

Risk Management 51

Risk Management Insurance Cost-Benefit Risk 51

DataRobot Blog

MAY 26, 2022

To start with, SR 11-7 lays out the criticality of model validation in an effective model risk management practice: Model validation is the set of processes and activities intended to verify that models are performing as expected, in line with their design objectives and business uses.

Risk 52

Risk Modeling Metrics Business Objectives 52

IBM Big Data Hub

FEBRUARY 19, 2024

To mitigate these risks , companies need the resources and technology to develop robust contingency plans. Fewer disruptions : A healthy supply chain mitigates risks and protects against inevitable disruption.

Strategy 88

Strategy Management Forecasting Cost-Benefit 88

IBM Big Data Hub

DECEMBER 13, 2023

A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. This enables an effective and adaptive approach to sourcing that creates value and minimizes risk. Be flexible.

Strategy 72

Strategy Cost-Benefit Key Performance Indicator Consulting 72

IBM Big Data Hub

SEPTEMBER 18, 2023

At the same time, we are increasingly seeing regulators more closely monitor the industry’s relationship with non-traditional players (such as fintechs and neobanks), aimed at mitigating the introduction of potential risks into the financial services ecosystem.

Risk 77

Risk Cost-Benefit Digital Transformation Risk Management 77

IBM Big Data Hub

OCTOBER 26, 2023

This blog focuses on the importance of sustainability reference architecture and how it helps companies meet their sustainability goals, especially meeting the environmental side of the ESG goals. Challenges arise when these software solutions need to be integrated in order to expose insights that could maximize their benefits.

Reporting 77

Reporting Software Cost-Benefit Strategy 77

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. the average cost of a data breach was at its highest, reaching $9.48M. In the U.S.,

Cost-Benefit 80

Cost-Benefit Testing Strategy Risk Management 80

IBM Big Data Hub

JUNE 29, 2023

This blog explores the significance of IBP in today’s modern business landscape and highlights its key benefits and implementation considerations. What are the benefits of Integrated Business Planning process? These tools enable the extraction, transformation, and loading (ETL) of data from various sources.

Key Performance Indicator 83

Key Performance Indicator Forecasting Data Integration Sales 83

erwin

APRIL 2, 2021

With more companies increasingly migrating their data to the cloud to ensure availability and scalability, the risks associated with data management and protection also are growing. Lack of a solid data governance foundation increases the risk of data-security incidents. Data Security Starts with Data Governance.

Data Governance 106

Data Governance Cost-Benefit Risk Metadata 106

IBM Big Data Hub

JULY 27, 2023

The following are some of the most impactful ways oil and gas is embracing EAM as an asset management strategy: Asset lifecycle management : Oil and gas assets are intricate, costly and have lengthy lifecycles. Cost control and budgeting : EAM systems provide valuable insights into asset performance as it relates to maintenance costs.

Cost-Benefit 60

Cost-Benefit IoT Internet of Things Enterprise 60

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. When deployed effectively, a good DR plan can help stakeholders better understand the risks to regular business functions that a particular threat may pose.

Cost-Benefit 94

Cost-Benefit Risk Enterprise Advertising 94

IBM Big Data Hub

FEBRUARY 13, 2024

It assists in structural optimization which ensures that products are strong, durable and use minimal material, leading to considerable cost reductions. In addition, Well-developed prompts and inputs direct generative models to output creative content for emails, blogs, social media posts and websites.

Enterprise 125

Enterprise Modeling Testing Data-driven 125

Ontotext

JULY 6, 2023

Let’s consider an example about risk and opportunity event detection. Case studies The risk and opportunity event detection use case discussed above combines all of Ontotext’s capabilities: storing and managing large amounts of data adding meaning to it (e.g.,, The solution brings many business benefits.

Cost-Benefit 52

Cost-Benefit Metadata Experimentation Risk 52

erwin

AUGUST 20, 2020

Benefits of Enterprise Architecture. Through EA, organizations benefit from a context-rich, top-down and holistic perspective of their structure, including its limitations and potential. Benefits of Enterprise Architecture. Benefits of Enterprise Architecture. The benefits of EA include: Better decision-making.

Enterprise 140

Enterprise Cost-Benefit Risk Data Governance 140

IBM Big Data Hub

FEBRUARY 22, 2024

We introduced IBM Cloud for Financial Services , which includes an ecosystem of partner banks including BNP Paribas and CaixaBank, to help clients as they work to mitigate risk, address regulations, navigate their compliance and accelerate cloud adoption. In just a few years, we have helped some of the world’s leading banks transform.

Enterprise 80

Enterprise Risk Data Processing Business Driver 80

Cloudera

FEBRUARY 24, 2021

Trend #1: The Crossroads of Risk Management and Emerging Technology. One shift the financial services industry will have to come to terms with is the fact that 2020 may have made risk management models of the past outdated or obsolete , particularly credit risk models.

Risk Management 59

Risk Management Risk Recreation/Entertainment Machine Learning 59

bridgei2i

MAY 17, 2021

AI is becoming a powerful ally of the finance sector, offering the opportunity for better and more customized services, cost reduction, examine cash, credit, and investment changes in real-time, and generating new revenue streams. There are multiple benefits of AI in the finance industry. AI And Risk Management.

Finance 52

Finance Risk Management Unstructured Data Cost-Benefit 52

Ontotext

APRIL 6, 2023

More and more companies are using them to improve a variety of tasks from product range specification and risk analysis to supporting self-driving cars. For some time, the manufacturing industry has been benefiting significantly from knowledge graph technology. But the benefits of knowledge graphs don’t stop there.

Manufacturing 83

Manufacturing Cost-Benefit Knowledge Discovery Optimization 83

erwin

SEPTEMBER 17, 2020

It’s paramount that organizations understand the benefits of automating end-to-end data lineage. Here are six benefits of automating end-to-end data lineage: Reduced Errors and Operational Costs. The actual job of backing things up will be managed by the system processes you set up for consistency and clarity.

Cost-Benefit 143

Cost-Benefit Data Governance Metadata Reporting 143

Laminar Security

NOVEMBER 16, 2023

DSPM solutions help organizations achieve data security compliance, reduce data breach risks, lower cloud costs, remediate ROT data, and enable data-driven innovation. To learn more about the differences between DSPM and CSPM, check out our blog post on DSPM vs CSPM , and why you need both for comprehensive cloud security.

Risk 59

Risk Cost-Benefit Dashboards Management 59

IBM Big Data Hub

JULY 12, 2023

Good contingency plans prioritize the risks an organization faces, delegate responsibility to members of the response teams and increase the likelihood that the company will make a full recovery after a negative event. Make a list of risks and prioritize them according to likelihood and severity.

Risk 40

Risk Cost-Benefit Internet of Things Testing 40

BizAcuity

JULY 26, 2021

Reduced costs . Improved security and risk management. Hybrid cloud computing aids businesses with crucial control on their data and improving security by reducing the potential risk of data disclosure. Hardware costs. Cons of moving to Hybrid cloud. Lack of visibility. Is a hybrid cloud right for you?

IT 52

IT Cost-Benefit Data Processing Risk 52

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

Ontotext

APRIL 21, 2021

The problem was the left hand had no way of knowing the systemic issues around data governance, risk management and compliance framework. Manage Regulation, Manage Risk. One of the biggest, and costly failures, was the inability to produce reports for management and regulatory agencies.

Metadata 59

Metadata Finance Cost-Benefit Data Quality 59

IBM Big Data Hub

AUGUST 28, 2023

The extracted knowledge can guide processes like product improvements, marketing campaigns, customer support enhancements and risk mitigation strategies—all from social media content that already exists. Crisis management and risk management: Text mining serves as an invaluable tool for identifying potential crises and managing risks.

Data mining 57

Data mining Machine Learning Deep Learning Marketing 57

Octopai

FEBRUARY 21, 2022

There’s no denying the immense benefits that cloud computing can bring to data management: easier scalability, reduced cost of IT operations, improved performance… the list goes on. But in order to reap those enviable benefits, you have to do something not-so-enviable: Migrate. Well, maybe. 1) Plan it out. You’ve done it!

Recreation/Entertainment 78

Recreation/Entertainment Cost-Benefit ROI Reporting 78

Smart Data Collective

FEBRUARY 28, 2023

Here at Smart Data Collective, we have blogged extensively about the changes brought on by AI technology. Over the past few months, many others have started talking about some of the changes that we blogged about for years. We talked about the benefits of AI for consumers trying to improve their own personal financial plans.

Machine Learning 85

Machine Learning Risk Cost-Benefit Marketing 85

datapine

MARCH 31, 2022

To understand this concept in a practical context, check out this video featuring an explanation from analyst Sonya Fournier: Now that we’ve explored BI in a real-world professional context, let’s look at the benefits of embarking on this occupation. It’s Flexible. BI consultant. BI Data Scientist. And it’s completely free!

Business Intelligence 239

Business Intelligence Statistics Visualization Data-driven 239

John Wheeler

NOVEMBER 25, 2020

Integrated risk management (IRM) technology is uniquely suited to address the myriad of risks arising from the current crisis and future COVID-19 recovery. IRM technology product leaders will need to develop IRM capabilities that are capable of addressing the IRM market insights outlined in this blog post. Key Findings.

Marketing 110

Marketing Risk Management Risk Digital Transformation 110

IBM Big Data Hub

APRIL 4, 2024

Business process management examples BPM can help improve overall business operations by optimizing various business processes. Here are some BPM examples that outline the use cases and benefits of BPM methodology: Business strategy BPM serves as a strategic tool for aligning business processes with organizational goals and objectives.

Management 59

Management Cost-Benefit Metrics Consulting 59

IBM Big Data Hub

JANUARY 30, 2024

Increasingly, enterprise organizations are adopting a multicloud approach—the use of cloud services from more than one cloud vendor—to optimize performance, control costs and prevent vendor lock-in. Data silos: With data spread across multiple clouds and platforms, an organization risks creating data silos. to total $678.8

Strategy 100

Strategy Cost-Benefit Risk Optimization 100