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CIOs weigh where to place AI bets — and how to de-risk them

CIO Business Intelligence

There are a lot of risks and a lot of land mines to navigate,” says the analyst. Coming to grips with risk The first step in making any bet — or investment — is to understand your ability to withstand risk. Covanta is also using AI to perform legal review on contracts, detecting and highlighting points of possible risk.

Risk 130
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Florida Crystals concentrates SAP in hosting sweet spot

CIO Business Intelligence

Kevin Grayling, CIO, Florida Crystals Florida Crystals It’s ASR that had the more modern SAP installation, S/4HANA 1709, running in a virtual private cloud hosted by Virtustream, while its parent languished on SAP Business Suite. One of those requirements was to move out of its hosting provider data center and into a hyperscaler’s cloud.

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The risks and limitations of AI in insurance

IBM Big Data Hub

This blog continues the discussion, now investigating the risks of adopting AI and proposes measures for a safe and judicious response to adopting AI. Risk and limitations of AI The risk associated with the adoption of AI in insurance can be separated broadly into two categories—technological and usage.

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Optimizing Risk and Exposure Management – Roundtable Highlights

Cloudera

We recently hosted a roundtable focused on o ptimizing risk and exposure management with data insights. For financial institutions and insurers, risk and exposure management has always been a fundamental tenet of the business. Now, risk management has become exponentially complicated in multiple dimensions. .

Risk 96
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How to Gain Greater Confidence in your Climate Risk Models

Cloudera

As part of these efforts, disclosure requirements will mandate that firms provide “the impact of a company’s activities on the environment and society, as well as the business and financial risks faced by a company due to its sustainability exposures.” What are the key climate risk measurements and impacts? They need to understand;

Risk 78
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Automating Model Risk Compliance: Model Validation

DataRobot Blog

To start with, SR 11-7 lays out the criticality of model validation in an effective model risk management practice: Model validation is the set of processes and activities intended to verify that models are performing as expected, in line with their design objectives and business uses.

Risk 52
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Top concerns industry leaders have about cyberattacks in 2024 and beyond

IBM Big Data Hub

To help prepare, many organizations are testing their incident response (IR) plans and teams with cyber range simulations. million in data breach costs compared to organizations without an IR team or IR plan testing. Cybersecurity awareness and training Many companies struggle to understand their cyber risk.

Testing 91