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CIOs weigh where to place AI bets — and how to de-risk them

CIO Business Intelligence

There are a lot of risks and a lot of land mines to navigate,” says the analyst. Coming to grips with risk The first step in making any bet — or investment — is to understand your ability to withstand risk. It’s a significant danger with significant costs. The opportunity is too big. billion in 2024 to $521.0

Risk 133
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The Value of Data Governance and How to Quantify It

erwin

erwin recently hosted the second in its six-part webinar series on the practice of data governance and how to proactively deal with its complexities. 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.

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7 steps for turning shadow IT into a competitive edge

CIO Business Intelligence

Ask IT leaders about their challenges with shadow IT, and most will cite the kinds of security, operational, and integration risks that give shadow IT its bad rep. That’s not to downplay the inherent risks of shadow IT.

IT 137
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Automating Model Risk Compliance: Model Validation

DataRobot Blog

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
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ServiceNow boasts industry-first gen AI general availability with Vancouver release of Now

CIO Business Intelligence

Cost in question The new gen AI features do come at a cost. Assists will be counted regardless of whether an enterprise uses ServiceNow’s LLM, one hosted by a provider such as OpenAI, or one of its own, and once the bundle is used up, enterprises will have to pay again. They’re actually faster, cheaper, and safer.

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How Data Governance Protects Sensitive Data

erwin

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.

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The next wave of payments modernization: Minimizing complexity to elevate customer experience

IBM Big Data Hub

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 81