Remove Consulting Remove Measurement Remove Metrics Remove Risk Management
article thumbnail

4 steps to improving your ESG risk management to increase financial performance

IBM Big Data Hub

Environmental, Social, and Governance (ESG) risk management has emerged as a critical aspect of business strategy for companies worldwide. However, 57% of CEOs admit that defining and measuring the Return on Investment (ROI) and economic benefits of their sustainability efforts remain a significant challenge.

article thumbnail

How to build a successful procurement strategy

IBM Big Data Hub

Gather diverse insights, understand needs and manage expectations. Determine business objectives Define specific measurable, achievable, relevant and timely (SMART) objectives for the procurement function. Additional goals might be risk management and mitigation, supplier relationship management and sustainability considerations.

Insiders

Sign Up for our Newsletter

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

article thumbnail

3 areas where gen AI improves productivity — until its limits are exceeded

CIO Business Intelligence

Management consulting firm AArete has been using other gen AI to do just that for about a year. “We Still, he urges companies to look beyond measurements of coding speed. Below-average consultants benefitted the most, with their performance increasing by 43%. Meanwhile, above-average consultants saw only a 17% benefit.

IT 128
article thumbnail

7 IT governance mistakes — and how to avoid them

CIO Business Intelligence

“Your governance structure should be dynamic and [designed to] identify triggers that may evoke a revision, and its effectiveness should be constantly measured so that it remains relevant.”. Poor risk planning. CIOs frequently launch strategic initiatives without fully considering all the risks involved.

IT 116
article thumbnail

5 signs your agile practices will lead to digital disaster

CIO Business Intelligence

Agile is an amazing risk management tool for managing uncertainty, but that’s not always obvious.” The key is recognizing that planning must be an agile discipline, not a standalone activity performed independently of agile teams. He recommends that leaders identify a metric that focuses on value to the customer.

article thumbnail

How to Gain Greater Confidence in your Climate Risk Models

Cloudera

Firms face critical questions related to these disclosures and how climate risk will affect their institutions. What are the key climate risk measurements and impacts? When it comes to measuring climate risk, generating scenarios will be a critical tactic for financial institutions and asset managers.

Risk 82
article thumbnail

Combine transactional, streaming, and third-party data on Amazon Redshift for financial services

AWS Big Data

Amazon Redshift features like streaming ingestion, Amazon Aurora zero-ETL integration , and data sharing with AWS Data Exchange enable near-real-time processing for trade reporting, risk management, and trade optimization. The calculation methodology and query performance metrics are similar to those of the preceding chart.