Smart Data Collective

JUNE 19, 2022

AI is particularly helpful with managing risks. How AI Can Help Suppliers Manage Risks Better. The benefits of AI stem from the need to manage close relationships with business stakeholders, which is a difficult task. Failure or Delay Risk. Brand Reputation Risk. Businesses do not exist on islands.

Risk 133

Risk Cost-Benefit Risk Management Manufacturing 133

CIO Business Intelligence

SEPTEMBER 26, 2023

Management rules typically exist to enable faultless decision-making, set a foundation for consistent operation, and provide protection from risk, observes Ola Chowning, a partner at global technology research and advisory firm ISG. Breaking a rule often happens after the CIO weighs the risk of removing or retaining a mandate,” she notes.

IT 141

IT Risk Cost-Benefit Consulting 141

CIO Business Intelligence

NOVEMBER 14, 2023

“Today we face the harsh reality of cloud costs, if not done right,” says Jay Upchurch, executive vice president and CIO at SAS. Without a clear cloud strategy and broad leadership support, even value-adding cloud investments may be at risk. Cloud costs will often — and rapidly — become large line items on budgets.

Strategy 145

Strategy Cost-Benefit IT Key Performance Indicator 145

Smart Data Collective

FEBRUARY 14, 2023

A growing number of companies are discovering that it offers tremendous benefits, but there are also some downsides to it. What Are the Benefits of Cloud Computing for Businesses? It is becoming increasingly popular among businesses due to its cost-effective nature and scalability.

Risk 99

Risk Cost-Benefit Software Technology 99

Smart Data Collective

JULY 8, 2021

As humanity makes more and more progress with AI there is constant debate underway whether AI will turn on us in the future or they will benefit us. Let’s talk about some benefits and risks of artificial intelligence. Benefits of Artificial Intelligence: Reducing human error. Training and operation cost reduction.

Risk 141

Risk Cost-Benefit Machine Learning Deep Learning 141

CIO Business Intelligence

NOVEMBER 21, 2023

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. Following are seven steps to guide this transformation for competitive advantage.

IT 137

IT Risk Cost-Benefit Risk Management 137

CIO Business Intelligence

DECEMBER 19, 2023

Their steady income stream and relatively low risk compared to equities make them an especially important component of pension and retirement planning. Each type of issuer presents a different level of risk and tax treatment. Bonds are issued by different entities such as governments, municipalities, and corporations.

Risk 52

Risk Cost-Benefit Unstructured Data Data-driven 52

CIO Business Intelligence

NOVEMBER 8, 2023

The technology talent gap continues to inflate labor costs, too, despite big layoffs in high tech, CIOs say, and they’ve seen double-digit increases in SaaS and cloud costs over the last two years. They weren’t communicating enough and it cost them a lot,” he says. in June, 2022, to 3.7% in June, 2022, to 3.7% Here’s how.

IT 133

IT Cost-Benefit Digital Transformation Software 133

Andrew White

JANUARY 29, 2020

It was titled, “ High Speed Seen Increasing Costs of Stock Trading ”. I guess that tells you all you need to know: There are benefits, and risks, to speed and access to information. I read an interesting article in today’s (Jan 28) US print edition of the WSJ. The article explores what is called “latency arbitrage”.

Cost-Benefit 99

Cost-Benefit Marketing Risk IT 99

Smart Data Collective

SEPTEMBER 13, 2023

One of the most important yet often overlooked benefits of AI is that it can help businesses bolster their digital security. With that in mind, businesses must do everything to ensure their processes and data are secured, as even the slightest problem can cost them financially.

IT 102

IT Cost-Benefit Data Processing Software 102

CIO Business Intelligence

JANUARY 9, 2024

IT leaders say they’re discussing everything from the costs of AI implementations to whether AI is the existential threat to humanity some fear. To get past those points, Colisto worked to educate leaders about the capabilities and risks of AI, seeking to move the company from “no to know.” Which business cases actually need AI?

IT 140

IT Risk Cost-Benefit Enterprise 140

CIO Business Intelligence

MARCH 5, 2024

In addition, Fresenius experienced security risks first-hand. Today, we have effective, cost-effective IT,” he says. “We Transformation should be completed quickly, without getting lost in the minutiae, says Ingo Elfering, group CIO of Fresenius. Fresenius grew rapidly over the years but the various IT structures were never integrated.

IT 105

IT Digital Transformation Cost-Benefit Strategy 105

CIO Business Intelligence

AUGUST 16, 2023

Waterfall projects may seem easier to understand from an overall point of view, but if it’s about ongoing innovation together with a customer to bring out new effects and benefits, then we need to be iterative even in complex projects,” she says. “At This leads to environmental benefits and fewer transports.

Risk 98

Risk Cost-Benefit Digital Transformation Internet of Things 98

CIO Business Intelligence

DECEMBER 5, 2023

Some organizations have been innovating, transforming, and growing so fast that they haven’t had time to clear up older cost structures that start getting in the way,” says Stewart Buchanan, research vice president on Gartner’s CIO team. Each dollar of operational cost reduction drips directly to the bottom line.”

IT 138

IT Cost-Benefit Digital Transformation ROI 138

CIO Business Intelligence

OCTOBER 12, 2023

In the business world, service desks are commonly designated as cost centers, a label that can sometimes limit their access to essential resources and support. Additionally, employ the business case as a tool to tackle potential risks and develop strategies for their mitigation. How can we change this perspective? Managed IT Services

Strategy 111

Strategy ROI IT Cost-Benefit 111

CIO Business Intelligence

OCTOBER 17, 2023

AWS also builds its own low-cost AI chips ( Inferentia and Trainium ) in limited volumes; the company is using the chips internally to power its gen AI capabilities, and it is making the chips available to customers. The gen AI gold rush — with little clarity on cost “It’s the year of AI,” declares Forrester Research.

Marketing 144

Marketing IT Cost-Benefit Enterprise 144

O'Reilly on Data

APRIL 23, 2024

But this kind of virtuous rising tide rent, which benefits everyone, doesn’t last. Why is it that Google, a company once known for its distinctive “Do no evil” guideline, is now facing the same charges of “surveillance capitalism” as Facebook, a company that never made such claims? What Is Economic Rent?

Advertising 268

Advertising Cost-Benefit Marketing Risk 268

CIO Business Intelligence

DECEMBER 19, 2023

Portland Opportunities Industrial Center and Rosemary Anderson High School (POIC + RAHS) has a long name, but a simple, powerful mission: helping at-risk youth and adults be safe and successful. In all, it serves more than 3,000 students, families and other participants in underserved communities every year.

Risk 52

Risk Cost-Benefit Data Processing Technology 52

CIO Business Intelligence

FEBRUARY 22, 2024

Getting AI off the ground After several years of innovating in AI, Ferrovial can cite many examples of projects and services benefitting from it. “If So projects to analyze huge amounts of data in multiple formats already in production are now considerably more efficient and cost effective.

IT 105

IT Digital Transformation IoT Cost-Benefit 105

CIO Business Intelligence

MAY 17, 2022

Even if the AI apocalypse doesn’t come to pass, shortchanging AI ethics poses big risks to society — and to the enterprises that deploy those AI systems. The following real-world implementation issues highlight prominent risks every IT leader must account for in putting together their company’s AI deployment strategy.

Risk 145

Risk Consulting Machine Learning Data Science 145

Domino Data Lab

AUGUST 6, 2021

Model Risk Management is about reducing bad consequences of decisions caused by trusting incorrect or misused model outputs. Systematically enabling model development and production deployment at scale entails use of an Enterprise MLOps platform, which addresses the full lifecycle including Model Risk Management. What Is Model Risk?

Risk Management 64

Risk Management Risk Modeling Enterprise 64

CIO Business Intelligence

MARCH 6, 2024

Multiple attacks on well-known manufacturers have ended with huge expenses, including Austrian aerospace parts maker, FACC AG, which lost $61 million thanks to a phishing scam , and Norsk-Hydro , which was hit by a ransomware attack that cost $75 million. Attacks against OT systems pose risks beyond financial losses. As Industry 4.0

ROI 126

ROI Manufacturing Cost-Benefit IoT 126

CIO Business Intelligence

APRIL 13, 2023

Gartner projects that spending on information security and risk management products and services will grow 11.3% To better focus security spend, some chief information security officers (CISOs) are shifting their risk assessments from IT systems to the data, applications, and processes that keep the business going. billion this year.

IT 111

IT Cost-Benefit Risk Consulting 111

CIO Business Intelligence

APRIL 21, 2023

But there are also certain inherent risks associated with this. Cost escalations Working with any new technology can result in unexpected surprises. As the technology may not be perfected, there could be challenges that aren’t visible upfront, cost overruns being one of them.

IT 104

IT Cost-Benefit Risk Technology 104

CIO Business Intelligence

OCTOBER 6, 2022

As an IT leader, being able to foster innovation not only benefits the IT itself, with greater efficiency, effectiveness and value, but the organization it serves and you personally, as it illustrates your ability to be an internal agent of change, a true business partner, and an asset at the strategy table. Think specificity.

IT 145

IT Cost-Benefit ROI Software 145

IBM Big Data Hub

OCTOBER 16, 2023

As more businesses use AI systems and the technology continues to mature and change, improper use could expose a company to significant financial, operational, regulatory and reputational risks. It encompasses risk management and regulatory compliance and guides how AI is managed within an organization.

Risk 77

Risk Modeling Management Metadata 77

CIO Business Intelligence

APRIL 29, 2024

However, to truly take advantage of modern Java, apps built for the ecosystem must be constantly maintained to maximize performance and minimize exposure to risks and security vulnerabilities. Applications are the backbone of modern business. Alarm bells should be ringing for IT Leaders This should be alarming to IT leaders.

Cost-Benefit 122

Cost-Benefit Software ROI Enterprise 122

IBM Big Data Hub

APRIL 10, 2024

Value delivery and reduced business cost Decreasing production costs helps drive agility by realigning with new business goals sooner. Beyond traditional cost reduction methods, addressing sustainability has emerged as an essential part of modern cost reduction approaches. Executives know they must modernize.

Cost-Benefit 98

Cost-Benefit Software Risk Marketing 98

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

CIO Business Intelligence

MARCH 13, 2024

But the biggest benefit was to new and lower-skilled workers, who saw a 34% improvement. In February, McKinsey released the results of a survey showing that 84% of telcos using gen AI for customer services were seeing cost savings, and 45% of them reduced costs by 6% or more. for every $1 spent.

IT 128

IT Consulting Testing Cost-Benefit 128

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

APRIL 21, 2022

That’s a fringe benefit. This is followed by Lewis’s 2nd Law of Metrics: You get what you measure – that’s the risk you take. You might have heard that if you can’t measure you can’t manage. You might have believed it, too. And if you think you need metrics to manage you might be feeling guilty about not having enough of them.

Metrics 105

Metrics IT Cost-Benefit Measurement 105

CIO Business Intelligence

FEBRUARY 29, 2024

Captive centers are no longer just means of value creation, providing cost savings and driving process standardization. As companies have grown comfortable with offshore and nearshore delivery, the captive model offers the opportunity to tap larger populations of lower-cost talent without handing the reins to a third party.

Cost-Benefit 116

Cost-Benefit Risk Modeling Strategy 116

Smart Data Collective

MARCH 27, 2020

Here is the type of data insurance companies use to measure a client’s potential risk and determine rates. Traditional data, like demographics, continues to be a factor in risk assessment. Teens and young adults are less experienced drivers and, therefore, at risk for more car accidents. Demographics. This includes: Age.

Insurance 107

Insurance Measurement Risk Cost-Benefit 107

CIO Business Intelligence

APRIL 4, 2024

We’ve … heard from customers that while they enjoyed the benefit of skipping the checkout line with Just Walk Out, they also wanted the ability to easily find nearby products and deals,” spokesperson Jessica Martin said. Maybe as the technology matures and gets better from an AI perspective and better-optimized for lower-cost processors.”

Technology 52

Technology IT Cost-Benefit Sales 52

CIO Business Intelligence

MAY 31, 2022

When we see IT as the ‘go-to’ function for cost take-out and budget reductions, our concern is that IT leadership has not been able to deliver a narrative around business outcomes and value creation,” she says. Every CIO we work with is experiencing these shifts,” she notes. Refocus your leadership. Widen your scope.

IT 122

IT Cost-Benefit Risk Enterprise 122

CIO Business Intelligence

SEPTEMBER 28, 2023

The first carefully details every type of cost each cost center has incurred, from CPU cycles, to SAN and NAS storage (separate them, of course), to developer hours, to help desk calls billed out in 10-minute increments. What makes IT organizations fail? Tell everyone they’re your customer Looking to fail? You have two alternatives.

IT 126

IT ROI Cost-Benefit Software 126