Domino Data Lab

AUGUST 6, 2021

Model Risk Management is about reducing bad consequences of decisions caused by trusting incorrect or misused model outputs. An enterprise starts by using a framework to formalize its processes and procedures, which gets increasingly difficult as data science programs grow. What Is Model Risk? Types of Model Risk.

Risk Management 64

Risk Management Risk Modeling Enterprise 64

CIO Business Intelligence

JULY 31, 2023

They note, too, that CIOs — being top technologists within their organizations — will be running point on those concerns as companies establish their gen AI strategies. Here’s a rundown of the top 20 issues shaping gen AI strategies today. Douglas Merrill, a partner at management consulting firm McKinsey & Co.,

Strategy 94

Strategy Risk Enterprise Risk Management 94

CIO Business Intelligence

DECEMBER 19, 2023

This year’s technology darling and other machine learning investments have already impacted digital transformation strategies in 2023 , and boards will expect CIOs to update their AI transformation strategies frequently. As every CIO can attest, the aggregate demand for IT and data capabilities is straining their IT leadership teams.

Digital Transformation 139

Digital Transformation Unstructured Data Machine Learning Risk Management 139

CIO Business Intelligence

NOVEMBER 21, 2023

After all, 41% of employees acquire, modify, or create technology outside of IT’s visibility , and 52% of respondents to EY’s Global Third-Party Risk Management Survey had an outage — and 38% reported a data breach — caused by third parties over the past two years.

IT 129

IT Risk Cost-Benefit Risk Management 129

Smart Data Collective

OCTOBER 13, 2021

AI technology moves innovation forward by boosting tinkering and experimentation, accelerating the innovation process. Automating processes can be costly, but it’s a worthy long-term investment that helps businesses align their strategies for streamlined operations. Take advantage of data analytics. Leverage innovation.

Technology 122

Technology Cost-Benefit Experimentation Machine Learning 122

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.” Among the various strategies at our disposal, automation stands out as a pivotal solution,” she says. “In Here, we detail those and others that comprise eight of the top priorities for CIOs in 2024.

Cost-Benefit 132

Cost-Benefit Digital Transformation Consulting Strategy 132

Ontotext

JULY 6, 2023

In today’s fast changing environment, enterprises that have transitioned from being focused on applications to becoming data-driven gain a significant competitive edge. There are four groups of data that are naturally siloed: Structured data (e.g., Transaction and pricing data (e.g.,

Cost-Benefit 52

Cost-Benefit Metadata Experimentation Risk 52