CIO Business Intelligence

MARCH 18, 2024

When it comes to AI, Nafde sees risks in the vendors selected, the business-worthiness of the use case, and the cost of the initiative. The CIO has strategies in place to address all three. We are proceeding cautiously because the rise of LLMs [large language models] presents a new level of data security risk,” he says. “We

Risk 131

Risk Cost-Benefit Data Processing Testing 131

IBM Big Data Hub

APRIL 4, 2024

The cloud represents a strategic tool to enable digital transformation for financial institutions As the banking and other regulated industry continues to shift toward a digital-first approach, financial entities are eager to use the benefits of digital disruption. Most of these new technologies are born-in-cloud.

Cost-Benefit 61

Cost-Benefit Risk Management Risk Digital Transformation 61

CIO Business Intelligence

NOVEMBER 23, 2022

Enterprise architecture definition Enterprise architecture (EA) is the practice of analyzing, designing, planning, and implementing enterprise analysis to successfully execute on business strategies. Another main priority with EA is agility and ensuring that your EA strategy has a strong focus on agility and agile adoption.

Enterprise 126

Enterprise Cost-Benefit Digital Transformation Strategy 126

CIO Business Intelligence

DECEMBER 29, 2023

“The most pressing responsibilities for CIOs in 2024 will include security, cost containment, and cultivating a data-first mindset.” Building and deploying intelligent automation CIOs will need to operate more efficiently by accelerating the benefits of automation.

Cost-Benefit 137

Cost-Benefit Digital Transformation Consulting Strategy 137

DataRobot Blog

MAY 26, 2022

Last time , we discussed the steps that a modeler must pay attention to when building out ML models to be utilized within the financial institution. In summary, to ensure that they have built a robust model, modelers must make certain that they have designed the model in a way that is backed by research and industry-adopted practices.

Risk 52

Risk Modeling Metrics Business Objectives 52

IBM Big Data Hub

FEBRUARY 13, 2024

This data is fed into generational models, and there are a few to choose from, each developed to excel at a specific task. Generative adversarial networks (GANs) or variational autoencoders (VAEs) are used for images, videos, 3D models and music. Autoregressive models or large language models (LLMs) are used for text and language.

Enterprise 127

Enterprise Modeling Testing Data-driven 127

Jet Global

APRIL 5, 2021

Enterprises actively use financial modeling to guide their financial planning and strategic decision-making. Financial models offer data-driven, quantitative analysis that tells you where your company stands and where it’s heading. That being said, one model can’t do it all. What Is Financial Modeling? Risk management.

Modeling 98

Modeling Forecasting Metrics Finance 98

FineReport

APRIL 9, 2024

From advanced analytics to predictive modeling, the evolving landscape of business intelligence is revolutionizing how data is processed and leveraged for actionable insights. These benefits include enhanced operational efficiency through streamlined processes and optimized resource allocation.

Business Intelligence 52

Business Intelligence Software Data-driven Predictive Modeling 52

Laminar Security

DECEMBER 22, 2023

In the age of cloud computing, data security and cost management are paramount for businesses. Data Security Posture Management (DSPM) serves as a critical tool in this landscape, offering businesses a way to keep their data secure while also managing their cloud storage costs effectively.

Cost-Benefit 95

Cost-Benefit Risk Optimization Risk Management 95

CIO Business Intelligence

MARCH 9, 2023

IT leaders may find that prices are going up without an accompanying increase in benefits, with technology providers — less dependent on any one industry or geography — taking a harder line on deals, says Achint Arora, a partner in the pricing assurance practice at Everest Group. What’s more, technology contracts are often multilayered.

Cost-Benefit 111

Cost-Benefit Risk Uncertainty Technology 111

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., In the U.S.,

Cost-Benefit 82

Cost-Benefit Testing Strategy Risk Management 82

IBM Big Data Hub

JANUARY 16, 2024

Since AI has an ability to find trends in data, AI helps insurers create personalized products which could lead to more accurate risk assessments and ease insurance costs for individuals. More organizations will likely be transitioning to hybrid cloud models for their workloads and to further manage and conduct compliance tasks.

Risk Management 51

Risk Management Insurance Cost-Benefit Risk 51

CIO Business Intelligence

APRIL 11, 2022

Gone are the days of the CIO being a back-office IT cost manager,” declares Chris Scheefer, vice president of intelligent industry at technology services and consulting firm Capgemini Americas. The key to success, Scheefer believes, is to become the C-suite’s vehicle for driving business strategy and transformation at pace and scale.

Cost-Benefit 119

Cost-Benefit Digital Transformation Strategy Consulting 119

Ontotext

APRIL 6, 2023

Knowledge graphs are changing the game A knowledge graph is a data model that uses semantics to represent real-world entities and the relationships between them. This model is used in various industries to enable seamless data integration, unification, analysis and sharing. standards modeled in a knowledge graph!

Manufacturing 83

Manufacturing Cost-Benefit Knowledge Discovery Optimization 83

CIO Business Intelligence

MARCH 24, 2023

It encompasses the people, processes, and technologies required to manage and protect data assets. The Data Management Association (DAMA) International defines it as the “planning, oversight, and control over management of data and the use of data and data-related sources.”

Data Governance 142

Data Governance Management Metadata Data Quality 142

Smart Data Collective

SEPTEMBER 21, 2021

A growing number of businesses are starting to look for new data-driven approaches to streamline their business models. However, your data-driven business model won’t be very helpful if you don’t focus on the right metrics. Targeting the Right Variables for Your Data-Driven Retail Business Model.

Data-driven 108

Data-driven Metrics Sales Big Data 108

IBM Big Data Hub

SEPTEMBER 18, 2023

However the payment is being made, the payment system’s IT architecture needs to securely manage the key functions, including payments processing, clearing and settlement, risk management, integration and connectivity, and analytics and reporting.

Risk 78

Risk Cost-Benefit Digital Transformation Risk Management 78

Smart Data Collective

MAY 8, 2022

When you combine big data with AI, you can help your users extract highly-valuable insights from data, foster data literacy across your company or organization, and take advantage of the many other benefits it offers. Improves decision making and reduces costs. However, there may be issues whenever the generated data isn’t good.

Big Data 106

Big Data Data Analytics Analytics Cost-Benefit 106

IBM Big Data Hub

JUNE 29, 2023

By having real-time data at their fingertips, decision-makers can adjust their strategies, allocate resources accordingly, and capitalize on the unexpected spike in demand, ensuring customer satisfaction while maximizing revenue. What are the benefits of Integrated Business Planning process?

Key Performance Indicator 84

Key Performance Indicator Forecasting Data Integration Sales 84

Smart Data Collective

AUGUST 1, 2022

There are a number of ways that traders can benefit from AI. Some use machine learning technology to create models that more accurately predict price movements. Many people can learn about the benefits of AI technology with it. For example, you can find discussion threads on stock selection strategies and risk management.

Cost-Benefit 109

Cost-Benefit Machine Learning Marketing Strategy 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. But that was for tasks that the AI was good at.

IT 128

IT Consulting Testing Cost-Benefit 128

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. “If

IT 111

IT Cost-Benefit Risk Consulting 111

John Wheeler

OCTOBER 21, 2019

A balanced view of digital risk through integrated risk management (IRM) is required to reach what Gartner calls the new “techquilibrium” You might ask, what is techquilibrium? Digital Risk Management – Gartner.

Risk 53

Risk Risk Management Digital Transformation Insurance 53

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. Benefits of Enterprise Architecture. The benefits of EA include: Better decision-making. Reduced risks and costs.

Enterprise 140

Enterprise Cost-Benefit Risk Data Governance 140

IBM Big Data Hub

AUGUST 28, 2023

With nearly 5 billion users worldwide—more than 60% of the global population —social media platforms have become a vast source of data that businesses can leverage for improved customer satisfaction, better marketing strategies and faster overall business growth.

Data mining 59

Data mining Machine Learning Deep Learning Marketing 59

CIO Business Intelligence

JANUARY 24, 2024

In my view, companies that split up these functions are seeing second-order consequences around communication, costs, and conflict, and are bringing these roles back together. There’s also investment in robotics to automate data feeds into virtual models and business processes. Put your data strategy in business turns.

Risk Management 108

Risk Management Risk Management Digital Transformation 108

CIO Business Intelligence

SEPTEMBER 20, 2023

Equally important, the documented vision is a tool for agile teams to make implementation decisions when there are multiple ways to solve problems, each with different benefits and tradeoffs. Digital transformation initiatives are often the organization’s big bets to change the business and operating model.

Digital Transformation 131

Digital Transformation Uncertainty Metrics Business Objectives 131

Decision Management Solutions

APRIL 23, 2019

in which he states there are only three levers of value in insurance: Sell More, Manage Risk Better (aka underwriting and adjusting), and Cost Less to Operate. Let’s dive into greater detail on the second lever – Manage Risk Better. Insurers can also manage risk more effectively through continuous improvement.

Insurance 69

Insurance Risk Technology Management 69

BizAcuity

JULY 26, 2021

According to the 2019 report by Flexera enterprises with a hybrid strategy grew to 58% in 2019 from 51% in 2018. A hybrid cloud environment aids in workload mobility, integration, and management across multiple computing environments. Reduced costs . Improved security and risk management. Hardware costs.

IT 52

IT Cost-Benefit Data Processing Risk 52

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 75

Data Lake Cost-Benefit Digital Transformation Risk 75

datapine

MARCH 31, 2022

This all-encompassing branch of online data analysis is a particularly interesting field because its roots are firmly planted in two separate areas: business strategy and computer science. Problem-solving : BI isn’t just about analyzing data; it’s also about creating business strategies and solving real-world business problems with that data.

Business Intelligence 239

Business Intelligence Statistics Visualization Data-driven 239

AWS Big Data

AUGUST 14, 2023

Taken together, the posts in this series lay out some possible operating models for data mesh within an organization. In the same way, organizations seeking to implement successful data mesh strategies must respect the nature and structure (legal, political, commercial, technology) of their organizations in their implementation.

Management 76

Management Risk Measurement Optimization 76

Corinium

APRIL 25, 2019

I am head of Products here, which comprises of R&D, Product Management and Global Customer support. Most of my days focus on understanding what’s happening in the market, defining overall product strategy and direction, and translating into execution across the various teams. This is a much more proactive and scalable model.

Insurance 150

Insurance Risk IoT Cost-Benefit 150

Jet Global

MAY 9, 2024

Machine Learning Pipelines : These pipelines support the entire lifecycle of a machine learning model, including data ingestion , data preprocessing, model training, evaluation, and deployment. For example, retail companies can monitor sales transactions as they occur to optimize inventory management and pricing strategies.

Data Lake 52

Data Lake Data Warehouse Business Intelligence Machine Learning 52

Grooper

OCTOBER 23, 2019

With the increasing value of data and more tools to process and analyze information than ever before, companies with information governance and master data model programs are outpacing their peers. How does data benefit the entire company? And how willing are key people to move away from current data management practices and tools?”.

Metrics 59

Metrics Measurement Strategy Optimization 59

CIO Business Intelligence

OCTOBER 30, 2023

Disruption has moved from the exception to the norm With disruption now a constant rather than one-off event, organizations must be able to quickly react to change with agility across all aspects of their operating models. The philosophy behind adaptive systems is more about innovation than risk management.

Digital Transformation 143

Digital Transformation Risk Management IoT Cost-Benefit 143

IBM Big Data Hub

JANUARY 30, 2024

Increasingly, enterprise organizations are adopting a multicloud approach—the use of cloud services from more than one cloud vendor—to optimize performance, control costs and prevent vendor lock-in. Uncontrolled costs: More clouds and cloud services translate into more cloud bills. to total $678.8 billion in 2023.

Strategy 102

Strategy Cost-Benefit Risk Optimization 102