CIO Business Intelligence

MAY 15, 2024

Europe’s AI Act will require some of this documentation, but most of its provisions won’t go into effect until 2026, she says. “I I would try to get as much documentation as possible, and test and evaluate the model and implement some guardrails inside the company,” she says. But that might not always be the case.

Modeling 90

Modeling Risk Software Enterprise 90

CIO Business Intelligence

NOVEMBER 3, 2023

What’s more, when dealing with vast repositories of documents such as contracts, AI allows users to request specific actions, such as which contracts are affected by a change in law or by new regulations. Automation elevates risk management, opportunity identification and effective relationship management.

Digital Transformation 126

Digital Transformation Risk Management Risk Machine Learning 126

Octopai

JANUARY 19, 2020

BCBS 239 is a document published by that committee entitled, Principles for Effective Risk Data Aggregation and Risk Reporting. The document, first published in 2013, outlines best practices for global and domestic banks to identify, manage, and report risks, including credit, market, liquidity, and operational risks.

Metadata 61

Metadata Risk Management Business Intelligence Data Governance 61

CIO Business Intelligence

MARCH 24, 2023

They must be accompanied by documentation to support compliance-based and operational auditing requirements. It must be clear to all participants and auditors how and when data-related decisions and controls were introduced into the processes. Data-related decisions, processes, and controls subject to data governance must be auditable.

Data Governance 142

Data Governance Management Metadata Data Quality 142

CIO Business Intelligence

JANUARY 19, 2024

“It’s a key issue that needs attention, and a CIO can and should set the tone and practices for effective stakeholder management,” says Brett Tucker, an adjunct professor of cyber risk management at Carnegie Mellon University’s Heinz College.

Management 117

Management Consulting Risk Strategy 117

CIO Business Intelligence

NOVEMBER 23, 2022

Unlike other frameworks, EA doesn’t include a formal documentation structure; instead, it’s intended to offer a more holistic view of the enterprise. EA is also used in systems development, IT management and decision-making, and IT risk management to eliminate errors, system failures, and security breaches. Data modeling.

Enterprise 123

Enterprise Cost-Benefit Digital Transformation Strategy 123

CIO Business Intelligence

APRIL 14, 2023

Involving IT and innovation groups can help show that the policy isn’t just a clamp-down from a risk management perspective, but a balanced set of recommendations that seek to maximize productive use and business benefit while at the same time manage business risk.

Risk 118

Risk Experimentation Marketing Risk Management 118

erwin

APRIL 29, 2020

These tools range from enterprise service bus (ESB) products, data integration tools; extract, transform and load (ETL) tools, procedural code, application program interfaces (API)s, file transfer protocol (FTP) processes, and even business intelligence (BI) reports that further aggregate and transform data. Data Governance.

Metadata 111

Metadata Data Governance Key Performance Indicator Data Quality 111

CIO Business Intelligence

SEPTEMBER 7, 2023

Established risk management framework to evaluate the use cases and validate the controls to manage relevant risks Continuous authentication and authorization to maintain the principles of least privilege and context of user entitlement.

Risk Management 82

Risk Management Risk Testing Digital Transformation 82

CIO Business Intelligence

JUNE 8, 2023

It’s a crucial role for businesses to ensure they have the right IT pros to handle troubleshooting, incident and risk management, application maintenance and monitoring, and maintaining proper documentation of issues.

IT 137

IT Digital Transformation Software Risk 137

datapine

AUGUST 29, 2022

At 156 pages on Kindle, this is a book you could finish in one (long) sitting if you were so inclined, and that you can also use as an inspiration when you work on your business intelligence strategy. At this point, turning to self-service business intelligence would be the most affordable and effective solution.

Big Data 263

Big Data Data Analytics Analytics Data mining 263

CIO Business Intelligence

AUGUST 30, 2023

Another CIO pointed to reading and implementing some of the concrete steps offered by the National Institute of Standards and Technology Artificial Intelligence Risk Management Framework report. This includes documentation of the risks and potential impacts of AI technology.

Enterprise 129

Enterprise Risk Measurement Software 129

IBM Big Data Hub

AUGUST 28, 2023

As it pertains to social media data, text mining algorithms (and by extension, text analysis) allow businesses to extract, analyze and interpret linguistic data from comments, posts, customer reviews and other text on social media platforms and leverage those data sources to improve products, services and processes. How does text mining work?

Data mining 58

Data mining Machine Learning Deep Learning Marketing 58

CIO Business Intelligence

SEPTEMBER 20, 2023

The best way to address this gap is to draft a simple vision statement written by product managers and delivery leaders in collaboration with stakeholders and agile teams. The writing process builds trust, and a documented vision builds a shared understanding of priorities.

Digital Transformation 126

Digital Transformation Uncertainty Metrics Business Objectives 126

CIO Business Intelligence

DECEMBER 5, 2022

Quality management: Identify quality requirements. Human resource management: Plan and identify human resource needs. Communications management: Plan stakeholder communications. Risk management: Perform qualitative and quantitative risk analysis, plan risk mitigation strategies.

Management 130

Management Cost-Benefit Key Performance Indicator Software 130

CIO Business Intelligence

OCTOBER 13, 2023

Algorithm engineer Algorithm engineers, sometimes referred to as algorithm developers, are tasked with building, creating, and implementing algorithms for software and computer systems to achieve specific tasks and business needs.

Deep Learning 143

Deep Learning Machine Learning Modeling Software 143

CIO Business Intelligence

JANUARY 24, 2024

There’s also investment in robotics to automate data feeds into virtual models and business processes. We’re piloting a way to do automated payments to subcontractors based on work in place that’s been identified with photo and video documentation,” Higgins-Carter says.

Risk Management 101

Risk Management Risk Management Digital Transformation 101

CIO Business Intelligence

MARCH 13, 2024

So when on-boarding potential vendors, productivity has increased by 70 to 80% as a result of using gen AI to help analyze masses of documents. “We “We’re seeing a 15 to 20% uplift of productivity across the board,” says Matt Barrington, EY’s Americas emerging technologies leader. We did side-by-side testing,” he says.

IT 126

IT Consulting Testing Cost-Benefit 126

CIO Business Intelligence

MARCH 24, 2023

However, there are many other challenges as well, including regulatory requirements, human capital, stakeholder engagement, alignment of materiality and performance, and the need to embed ESG into an existing ERM (Enterprise Risk Management) framework. “The

Risk Management 52

Risk Management Consulting Metrics Data Quality 52

CIO Business Intelligence

JUNE 12, 2023

In 2012, COBIT 5 was released and in 2013, the ISACA released an add-on to COBIT 5, which included more information for businesses regarding risk management and information governance. Other changes included minor edits to terminology and phrasing used throughout the documentation.

Risk Management 69

Risk Management Strategy Digital Transformation Enterprise 69

CIO Business Intelligence

JULY 6, 2023

From 1 January 2024, the provisions relating to supplier risk management will also apply to companies with more than 1,000 employees. CYVC offers the possibility to process large amounts of data (semi-) automatically in a short time frame and identifies risks based on different assessment methods.

Cost-Benefit 73

Cost-Benefit Risk Digital Transformation Risk Management 73

Octopai

APRIL 8, 2020

While there are many factors that led to this event, one critical dynamic was the inadequacy of the data architectures supporting banks and their risk management systems. Let’s examine how these processes failed, what regulations were put in place as a result, and what this means for business intelligence teams today.

Finance 52

Finance Cost-Benefit Metadata Data Architecture 52

CIO Business Intelligence

SEPTEMBER 23, 2022

But there is more to cybersecurity risk than just protecting data. So, what should our security risk management strategies consider? What’s often missing is a comprehensive approach to risk management and a strategy that considers more than just data. Challenges of Security Risk Management.

Risk Management 73

Risk Management Risk Strategy Management 73

CIO Business Intelligence

JULY 31, 2023

Douglas Merrill, a partner at management consulting firm McKinsey & Co., You have to be learning as things move forward but do [iterations] that are safe and controlled and focus on risk management,” he explains. says CIOs should apply agile processes to their gen AI strategy.

Strategy 95

Strategy Risk Enterprise Risk Management 95

CIO Business Intelligence

MARCH 9, 2023

Recognize the significance of the contract The legal agreement between vendor and customer is not just a document standing in the way of getting work started; it sets the tone for the relationships and the expectations for vendor performance. Here are their top 10 tips. If what you’re looking for isn’t in the contract, it won’t happen.

Cost-Benefit 106

Cost-Benefit Risk Uncertainty Technology 106

CIO Business Intelligence

JANUARY 4, 2024

Consistency and risk management A security product/pattern might fulfill many security controls at the enterprise level. A CCA can help business units substantially improve their resource allocation. When common controls are already established and documented, business units can allocate their resources more effectively.

Optimization 95

Optimization Cost-Benefit Reporting Enterprise 95

Jet Global

NOVEMBER 15, 2021

For an organization to be successful in their tax function, they need to evaluate the performance of their tax function using a variety of KPIs and metrics, ranging from traditional KPIs such as effective tax rate, filing timelines, financial risk management, etc.; How to Compare Reporting & BI Solutions. Download Now.

Metrics 52

Metrics Reporting KPI Risk Management 52

CIO Business Intelligence

JUNE 26, 2023

The average mortgage requires 280 pages 2 of documents to be prepared, verified, and checked, contributing to an average cost of more than $11,000 in production expenses 3 per loan in the third quarter of 2022. Machine-managed risk Risk management is a top-of-mind issue for all financial services firms.

Data-driven 95

Data-driven Insurance Risk Risk Management 95

Grooper

OCTOBER 23, 2019

Responsibility for managing your company’s data must be clearly defined and supported. Articulating strategy in terms of business outcome is key. For example, business growth, profits, cost and performance optimization, efficiency, compliance, and risk management. Governance. In Summary.

Metrics 59

Metrics Measurement Strategy Optimization 59

CIO Business Intelligence

MARCH 5, 2024

Many employees want to experiment with AI assistants like Microsoft Copilot, while CIOs are under pressure from their CEOs to realign digital transformation priorities and deliver business value with generative AI capabilities. Today, top AI-assistant capabilities delivering results include generating code, test cases, and documentation.

Cost-Benefit 115

Cost-Benefit Advertising Experimentation Software 115

AWS Big Data

AUGUST 14, 2023

These may be data products consumed in the implementation of key business activities, or associated with critical processes such as regulatory reporting and risk management. Time-bound data products are considered as data-debt and should be managed accordingly.

Management 76

Management Risk Measurement Optimization 76

CIO Business Intelligence

MAY 24, 2022

Deloitte estimates that compliance costs for banks have increased by 60% since the financial crisis of 2008, and the Risk Management Association found that 50% of financial institutions spend 6 to 10% of their revenues on compliance. Depending on the risk level of certain individuals, background checks can range from two to 24 hours.

Risk 135

Risk Reporting Marketing Risk Management 135

CIO Business Intelligence

JUNE 14, 2023

The annual Gartner Security and Risk Management Summit is one of them, and I’m looking forward to attending it this year. The idea of “trust nothing” and “verify everything” has been around for a long time and is even codified in documents such as the NIST 800-27 Special Publication on Zero Trust.

Risk Management 98

Risk Management Data Processing Risk Management 98

CIO Business Intelligence

FEBRUARY 22, 2024

The perfect ESG software would encompass all lifecycle elements of an ESG strategy, be a potent program management tool, a risk management tool, provider of analytics, and a vehicle for accountability and verification.”

Software 81

Software Reporting KPI Enterprise 81

Domino Data Lab

APRIL 3, 2019

Also, while surveying the literature two key drivers stood out: Risk management is the thin-edge-of-the-wedge ?for Most of the data management moved to back-end servers, e.g., databases. Note that data warehouse (DW) and business intelligence (BI) practices both emerged circa 1990. a second priority?at

Data Governance 84

Data Governance Machine Learning Metadata Big Data 84

CIO Business Intelligence

MAY 9, 2022

Risk management practices such as in-person meetings for underwriting, determining creditworthiness, and signing loan documents shifted to online channels. About 62% of those surveyed believe the changes spurred by the pandemic are here to stay. Adapting to change. The pandemic changed the way banks interact with customers.

Digital Transformation 97

Digital Transformation Insurance Interactive Risk Management 97

CIO Business Intelligence

APRIL 22, 2022

Candidates for this certification should have knowledge and experience with managing project life cycles, maintaining project documentation, managing resources and stakeholders, and ensuring appropriate communication.

Management 110

Management Cost-Benefit Testing Risk 110