IBM Big Data Hub

OCTOBER 16, 2023

AI governance refers to the practice of directing, managing and monitoring an organization’s AI activities. It includes processes that trace and document the origin of data, models and associated metadata and pipelines for audits.

Risk 77

Risk Modeling Management Metadata 77

CIO Business Intelligence

JANUARY 4, 2024

How can implementing a CCA benefit financial institutions and their various business units in their quest for PCI security compliance? That, in turn, reduces IT cost, the time it takes staff to learn the environment, and the time to market. One of the significant advantages of a CCA is the potential for cost reduction.

Optimization 92

Optimization Cost-Benefit Reporting Enterprise 92

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. As a practice, EA involves the documentation, analysis, design and implementation of an organization’s assets and structure.

Enterprise 140

Enterprise Cost-Benefit Risk Data Governance 140

CIO Business Intelligence

MARCH 13, 2024

According to a research report IDC released in November, based on a survey of over 2,100 business leaders and decision makers with responsibility for AI transformation, 71% of companies already using AI are seeing returns on their AI investments within 14 months, averaging $3.50 for every $1 spent. We did side-by-side testing,” he says.

IT 124

IT Consulting Testing Cost-Benefit 124

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

JANUARY 29, 2024

Business continuity and disaster recovery plans are risk management strategies that businesses rely on to prepare for unexpected incidents. Lower financial risk: According to IBM’s recent Cost of Data Breach Report, the average cost of a data breach was USD 4.45

Cost-Benefit 94

Cost-Benefit Risk Enterprise Advertising 94

IBM Big Data Hub

FEBRUARY 13, 2024

For example, organizations can use generative AI to: Quickly turn mountains of unstructured text into specific and usable document summaries, paving the way for more informed decision-making. Generative AI proves highly useful in rapidly creating various types of documentation required by coders. Automate tedious, repetitive tasks.

Enterprise 125

Enterprise Modeling Testing Data-driven 125

CIO Business Intelligence

MARCH 24, 2023

To counter that, BARC recommends starting with a manageable or application-specific prototype project and then expanding across the company based on lessons learned. Several of the overall benefits of data management can only be realized after the enterprise has established systematic data governance.

Data Governance 142

Data Governance Management Metadata Data Quality 142

CIO Business Intelligence

JULY 6, 2023

One thing is for sure – meeting ESG goals can drive value if it can be done consistently, with automation and minimal costs. From 1 January 2024, the provisions relating to supplier risk management will also apply to companies with more than 1,000 employees.

Cost-Benefit 70

Cost-Benefit Risk Digital Transformation Risk Management 70

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 123

Digital Transformation Uncertainty Metrics Business Objectives 123

DataRobot Blog

MAY 10, 2022

Addressing the Key Mandates of a Modern Model Risk Management Framework (MRM) When Leveraging Machine Learning . The regulatory guidance presented in these documents laid the foundation for evaluating and managing model risk for financial institutions across the United States. To reference SR 11-7: .

Risk 64

Risk Modeling Machine Learning Data Quality 64

CIO Business Intelligence

DECEMBER 5, 2022

Project management steps Project management is broken down into five phases or life cycle. Each phase intersects with any of 10 knowledge areas, which include: integration, scope, time, cost, quality, human resources, communication, risk procurement, and stakeholder management. Budget for surprises.

Management 128

Management Cost-Benefit Key Performance Indicator Software 128

FineReport

JUNE 7, 2023

This, in turn, saves numerous working hours and ultimately reduces costs, all made possible through modern solutions. Keeping these concepts in mind, we will delve into the fundamental dynamics of project management dashboards, examine exemplary instances and templates, and explore the myriad benefits they offer.

Dashboards 52

Dashboards Management Visualization Cost-Benefit 52

Ontotext

APRIL 6, 2023

For some time, the manufacturing industry has been benefiting significantly from knowledge graph technology. But we are also happy to report that some of the biggest car manufacturers leverage Ontotext’s RDF database for knowledge graphs GraphDB in their technology. But the benefits of knowledge graphs don’t stop there.

Manufacturing 83

Manufacturing Cost-Benefit Knowledge Discovery Optimization 83

CIO Business Intelligence

JULY 31, 2023

Just look at the stats:Some 45% of 2,500 executives polled for a May 2023 report from research firm Gartner said the publicity around ChatGPT prompted them to increase their AI investments, 70% said their organization is already exploring gen AI, and 19% are in actual pilot or production mode. This is an issue for CIOs.

Strategy 94

Strategy Risk Enterprise Risk Management 94

CIO Business Intelligence

MARCH 5, 2024

CIOs must also partner with CISOs, legal, human resources, and business leaders to build awareness of policies and develop a generative AI risk management strategy. While that’s a limitation, there are reports of promised functionality not yet available.

Cost-Benefit 112

Cost-Benefit Advertising Experimentation Software 112

IBM Big Data Hub

APRIL 4, 2024

Document-centric BPM is for efficiently managing documents and content—such as contracts—within processes. Business process management examples BPM can help improve overall business operations by optimizing various business processes. This ensures consistency and reduces inefficiency.

Management 59

Management Cost-Benefit Metrics Consulting 59

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. Provide a full view of business operations by delivering forward-looking measures of related risk to help customers successfully navigate the COVID-19 recovery.

Marketing 110

Marketing Risk Management Risk Digital Transformation 110

CIO Business Intelligence

FEBRUARY 22, 2024

Increasing pressures around environment, social, and governance (ESG) concerns have organizations across industries turning to their CIOs to revamp their strategies for ESG reporting. To date, many companies have merely repurposed existing technology solutions for their ESG reporting needs. So getting specific is important.”

Software 78

Software Reporting KPI Enterprise 78

Jet Global

AUGUST 13, 2020

No matter the type of audit, your organization will benefit from a robust audit planning process that creates a clearly defined audit trail. This not only streamlines your audit planning process, but it also benefits the finance department. Integrating your audit and financial planning processes has its benefits.

Enterprise 98

Enterprise Finance Cost-Benefit Risk 98

Cloudera

NOVEMBER 18, 2021

Every one of our 22 finalists is utilizing cloud technology to push next-generation data solutions to benefit the everyday people who need it most – across industries including science, health, financial services and telecommunications. And with petabytes of data, both time and cost were significant barriers to analysis.

Data Lake 74

Data Lake Cost-Benefit Digital Transformation Risk 74

DataRobot

SEPTEMBER 16, 2021

The ability to charge more accurate premiums helps the company mitigate risk and maintain a competitive advantage, which, in turn, also benefits consumers. When it comes to insurance and loss cost modeling, DataRobot enforces best practices by automating model setup and incorporating various preprocessing and modeling approaches.

Modeling 52

Modeling Insurance Cost-Benefit Machine Learning 52

Corinium

APRIL 25, 2019

Most enterprises in the 21st century regard data as an incredibly valuable asset – Insurance is no exception - to know your customers better, know your market better, operate more efficiently and other business benefits. In reality, this decision, like any decision regarding data usage, is based on balancing business risk and reward.

Insurance 150

Insurance Risk IoT Cost-Benefit 150

IBM Big Data Hub

JULY 28, 2023

Reporting and improvement. The vulnerability management lifecycle allows organizations to improve security posture by taking a more strategic approach to vulnerability management. In response, enterprises have made vulnerability management a key component of their cyber risk management strategies.

Management 68

Management Metrics Risk Measurement 68

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. Inaccurate Data Management Leads to Financial Collapse. Investors then paid whatever was asked without any information to justify the cost.

Finance 52

Finance Cost-Benefit Metadata Data Architecture 52

CIO Business Intelligence

APRIL 22, 2022

From hardware and software upgrades to ongoing security patches, to application development and the rollout of software itself, project managers keep your teams on task and productive. Here, CIO.com outlines the most popular project management certifications that will add value and help you hone your skills this year.

Management 110

Management Cost-Benefit Testing Risk 110

datapine

FEBRUARY 22, 2022

2) BI Strategy Benefits. Without real-time insight into their data, businesses remain reactive, miss strategic growth opportunities, lose their competitive edge, fail to take advantage of cost savings options, don’t ensure customer satisfaction… the list goes on. Benefits Of Implementing a BI Strategy. Table of Contents.

Business Intelligence 218

Business Intelligence Strategy Cost-Benefit Key Performance Indicator 218

AWS Big Data

AUGUST 14, 2023

By leaning into these teams and showing value through them first, then using them as evangelists, organizations can gain maturity while benefitting earlier from the advantages of data mesh strategies. Even in seemingly low-maturity organizations, there are often teams who are more mature and have a higher appetite to engage.

Management 76

Management Risk Measurement Optimization 76

Jet Global

APRIL 25, 2024

With multitudes of regulations surrounding everything from reporting to data security, organizations can quickly become overwhelmed. This requirement includes establishing financial reporting standards, ensuring data security controls, monitoring attempted breaches, keeping track of electronic records for audits, and demonstrating compliance.

Reporting 52

Reporting Risk Management Risk Software 52

Jet Global

MARCH 2, 2022

In recent years, investors have been placing an increased emphasis on a range of environmental, social, and governance (ESG) issues resulting in ESG reporting becoming more important. As a result, there are more demands on companies to report on their activities and practices and how they impact environmental and social sustainability.

Reporting 59

Reporting Recreation/Entertainment Risk Insurance 59

Jet Global

JUNE 21, 2021

Learn why tax is playing an important part in enterprise risk management. The cost of World War I and post-war reconstruction helped create modern corporate taxation. But it’s clear to see that the direction of future travel is only going to be one way, from current tax returns to something more akin to real-time reporting.

Recreation/Entertainment 98

Recreation/Entertainment Digital Transformation Finance Reporting 98