John Wheeler

APRIL 16, 2021

This week, we kicked-off a major research effort to explore current innovations in the rapidly expanding integrated risk management (IRM) market. This represents a great opportunity for organizations to utilize risk management technology (RiskTech) to bridge the gap between these seemingly disconnected transformation efforts.

Risk Management 59

Risk Management Risk Management Internet of Things 59

CIO Business Intelligence

MAY 8, 2024

For Expion Health, a cumbersome manual process to determine what rates to quote to potential new customers had become a cap on the healthcare cost management firm’s ability to grow its business. We take the financial risk for this, which means that if there is anything that’s misrepresented, the money comes from our pocket.”

IT 93

IT Insurance Cost-Benefit Unstructured Data 93

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.

Risk 64

Risk Modeling Machine Learning Data Quality 64

datapine

MAY 2, 2023

Table of Contents 1) Benefits Of Big Data In Logistics 2) 10 Big Data In Logistics Use Cases Big data is revolutionizing many fields of business, and logistics analytics is no exception. These applications are designed to benefit logistics and shipping companies alike. Did you know?

Big Data 275

Big Data Cost-Benefit Internet of Things Optimization 275

CIO Business Intelligence

DECEMBER 14, 2023

AI can help with all of these challenges via manufacturing-specific use cases that benefit manufacturers, their employees, and their customers. Process optimization In manufacturing, process optimization that maximizes quality, efficiency, and cost-savings is an ever-present goal. Here’s how.

Manufacturing 130

Manufacturing Cost-Benefit Unstructured Data Optimization 130

datapine

OCTOBER 11, 2023

Keep on reading to learn a definition, benefits, and a warehouse KPI list with the most prominent examples any manager should be tracking to achieve operational success. It allows for informed decision-making and efficient risk mitigation. With the power of data, you can boost your warehouse efficiency at the lowest possible cost.

Metrics 217

Metrics KPI Management Cost-Benefit 217

IBM Big Data Hub

AUGUST 16, 2023

Nevertheless, I also understand the criticality of evaluating the inherent risks before embarking on its direct adoption within our organizations. In this discussion, I explore the risks and challenges associated with ChatGPT in an enterprise context, necessitating a careful approach to its implementation.

Risk 53

Risk Modeling Enterprise Interactive 53

CIO Business Intelligence

NOVEMBER 28, 2023

But getting to that point presents some unique challenges. Even with the benefits of cloud, there’s a reason that over 70 % of Fortune 500 companies’ data is stored on the mainframe. Modernize without breaking the bank One of the most important considerations for businesses weighing a move to the cloud comes down to costs.

Digital Transformation 107

Digital Transformation Cost-Benefit Strategy Optimization 107

datapine

AUGUST 12, 2020

Knowing how to prepare and create one with the help of an online data analysis tool can reduce costs and time to decide on a relevant course of action. Benefit from great business reports today! By gathering all your findings into one single CEO dashboard , the information presented is clear and specific to the management’s needs.

Reporting 297

Reporting Dashboards Visualization Cost-Benefit 297

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.

Strategy 98

Strategy ROI IT Cost-Benefit 98

IBM Big Data Hub

FEBRUARY 5, 2024

Cloud computing continues to grow in popularity, and its scalability, functionality, cost-effectiveness and other potential benefits have helped transform traditional business models and update legacy systems, creating opportunities for various organizations. a migration will be.

Management 66

Management Cost-Benefit Strategy Risk 66

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 23, 2023

As the world continues to experience economic uncertainty, IT leaders look to tighten budgets, consolidate tools and resources, and generally become more risk-averse when evaluating new investments. So how can you request a new investment from your decision-makers while ensuring minimal costs and maximum ROI this year?

Scorecard 59

Scorecard Cost-Benefit ROI IT 59

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.

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IT Risk Cost-Benefit Consulting 136

CIO Business Intelligence

MAY 15, 2024

The growing realization of the cost of digital downtime has pushed CIOs into the spotlight, increasing the pressures they face. Each of these presents challenges, but when coupled with customer and shareholder expectations for zero downtime, CIOs are under significant pressure. The board is placing great expectations on the CIO.

Cost-Benefit 77

Cost-Benefit Risk Optimization Technology 77

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% Here’s how.

IT 122

IT Cost-Benefit Digital Transformation Software 122

CIO Business Intelligence

MAY 9, 2023

When deciding which modernization path to take, some companies choose to scrap their mainframe, a costly endeavor that increases the risk of downtime and sacrifices its powerful benefits. Without, it can create security and compliance risks—and be difficult to maintain. Success hinges on development support.

Cost-Benefit 87

Cost-Benefit Software Digital Transformation Risk 87

datapine

OCTOBER 21, 2020

In fact, healthcare analytics has the potential to reduce costs of treatment, predict outbreaks of epidemics, avoid preventable diseases, and improve the quality of life in general. We will then look at 18 big data examples in healthcare that already exist and that medical-based institutions can benefit from.

Big Data 364

Big Data Data Analytics Analytics Cost-Benefit 364

CIO Business Intelligence

APRIL 17, 2024

CIOs benefit from the transition to the subscription model The rapid adoption of new technologies, driven by an ever-steepening technology hype curve, facilitates this shift toward more versatile business models. “The The current market presents significant growth potential driven by economic factors.

Broadcasting 107

Broadcasting Cost-Benefit Strategy Modeling 107

AWS Big Data

MARCH 29, 2024

Real-time data streaming and event processing present scalability and management challenges. They then highlight the challenges of their legacy on-premises application and present their transition to a cloud-centered software as a service (SaaS) architecture powered by Amazon MSK. V6 also lacked scalability.

Cost-Benefit 91

Cost-Benefit Data-driven Metrics Management 91

CIO Business Intelligence

APRIL 25, 2024

To mitigate these risks, CIOs must implement AI-specific security protocols and conduct regular security audits, which take time, he added. One of the main difficulties is calculating ROI to convince CFOs to approve budgets, and this challenge is also present when considering AI adoption, according to Abhishek Gupta, CIO of Dish TV.

ROI 121

ROI Cost-Benefit Machine Learning Technology 121

IBM Big Data Hub

MAY 28, 2024

According to IBM’s Cost of a Data Breach , the global average cost to remediate a data breach in 2023 was USD 4.45 These data breaches can cost their victims in many ways. It can also help them reduce vulnerabilities and ensure data is efficiently managed, compliant with regulations, and not at risk of misuse or loss.

Strategy 82

Strategy Measurement Risk Cost-Benefit 82

O'Reilly on Data

OCTOBER 22, 2020

To pose useful questions requires that you first understand the present situation, know where you want to wind up, and map out stepping-stones between the two. The opinions presented here are personal, do not reflect the view of our employers, and are not professional product, consulting, or legal advice. A brief disclaimer.

Consulting 303

Consulting Risk Cost-Benefit Modeling 303

IBM Big Data Hub

NOVEMBER 30, 2023

In addition, there can be financial benefits, such as a solution cost savings of 10%, reduced holding costs and improved gross margin return on investment. Actionable steps will be developed through the lens of use cases on how the main risk factors can be transformed into opportunities.

Optimization 48

Optimization Cost-Benefit Risk Sales 48

Cloudera

SEPTEMBER 5, 2018

It provides more relevant matches for KYC screening, enables better predictive algorithms for risk scoring, shortens time spent on investigation, and cuts down on costs to support periodic regulatory reviews. Risk assessment. Investigations are labor intensive and make up the bulk of the cost in most AML programs.

Machine Learning 40

Machine Learning Risk Cost-Benefit Big Data 40

Cloudera

JANUARY 28, 2022

Private cloud continues to gain traction with firms realizing the benefits of greater flexibility and dynamic scalability. Common tools for management, observability, performance and costs. Across my discussions with customers and prospects, a hybrid environment is the dominant model present or evolving in financial services firms.

Slice and Dice 115

Slice and Dice Cost-Benefit Risk Data Governance 115

Cloudera

OCTOBER 18, 2023

In the ever-evolving landscape of the financial services Industry, change is a constant and transformation is a requirement — to stay at pace with new regulations, risk mitigation, and the technological developments that support transformation.

Cost-Benefit 79

Cost-Benefit Testing Machine Learning Optimization 79

CIO Business Intelligence

SEPTEMBER 7, 2023

At first blush, it seems that generative AI and LLM tools will present the defense industry with unprecedented breakthrough innovations. The second challenge is managing new risks, which stem primarily from the threat of misinformation. more about this in my article about accelerating generative AI here ).

Unstructured Data 104

Unstructured Data Cost-Benefit Risk Data-driven 104

CIO Business Intelligence

MARCH 8, 2023

Public cloud Public cloud services are popular because they offer organizations flexibility, lower costs, and more rapid deployments. But these services present entirely different traffic patterns than those of the past. The reliance upon external, third-party networks presents significant blind spots.

Digital Transformation 89

Digital Transformation Cost-Benefit Data-driven Reporting 89

CIO Business Intelligence

DECEMBER 27, 2023

Those same characteristics, however, reveal the risks AI pose to this sector. But as they reveal, it’s a route they must navigate with caution. AI is not the future of financial services — it’s the present. AI in a box CIOs are under pressure to deliver productivity improvements and reduce costs in financial services.

Insurance 138

Insurance Cost-Benefit Risk Technology 138

Cloudera

SEPTEMBER 6, 2018

Represent entity relationships, to help determine ultimate beneficial owner, contribute to risk scoring, and facilitate investigations. Support machine learning (ML) algorithms and data science activities, to help with name matching, risk scoring, link analysis, anomaly detection, and transaction monitoring. Entity Risk Scoring.

Machine Learning 40

Machine Learning Big Data Risk Unstructured Data 40

Cloudera

MAY 6, 2021

In the introductory article of this series, I presented the overarching framework for quantifying the value of the Cloudera Data Platform (CDP): . The answer is, yes, there are direct, quantifiable benefits by employing cloud arbitrage strategies, in addition to the broader, strategic advantages that a multi-cloud capability has.

Strategy 92

Strategy Cost-Benefit Optimization Risk 92

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. When presented by the new Supply Chain Due Diligence Act ( SCDDA) in Germany, PwC realized their clients would need tools and processes to automate evaluation of suppliers.

Cost-Benefit 71

Cost-Benefit Risk Digital Transformation Risk Management 71

CIO Business Intelligence

SEPTEMBER 20, 2023

A new analysis panel, present on the right of the screen in these workflows, is where users can interact with the chat interface. “As Cost in question The new gen AI features do come at a cost. CIOs need to have a specific business and governance plan to balance and accept AI’s risks and benefits,” Elliot said.

Cost-Benefit 109

Cost-Benefit Software Finance Interactive 109

Alation

JULY 15, 2022

I recently led an online session, Data Monetisation and Governance , looking at the evolution of data governance , defining data ethics (from the Turing Institute ), and touching on the balancing act between using data to monetise (by increasing revenue, decreasing spend, or mitigating risk) and meeting ethical obligations. Data Value.

Cost-Benefit 89

Cost-Benefit Data Governance ROI Risk 89

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 55

Cost-Benefit Risk Management Risk Digital Transformation 55

datapine

MARCH 8, 2021

Explore our 14-day free trial & benefit from great healthcare reports! The Benefits Of A Healthcare Report. By tracking key healthcare data reporting insights and setting the right key performance indicators, your healthcare organization stands to benefit a great deal. Cutting down unnecessary costs.

Reporting 198

Reporting KPI Management Cost-Benefit 198