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Data Scalability Raises Considerable Risk Management Concerns

Smart Data Collective

As such, you should concentrate your efforts in positioning your organization to mine the data and use it for predictive analytics and proper planning. The Relationship between Big Data and Risk Management. Tips for Improving Risk Management When Handling Big Data. Vendor Risk Management (VRM).

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4 smart technologies modernizing sourcing strategy

IBM Big Data Hub

Successful strategic sourcing often results in process optimization, cost management, customer satisfaction, risk management , increased sustainability and other benefits. Sourcing teams are automating processes like data analysis as well as supplier relationship management and transaction management.

Strategy 111
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CIOs weigh where to place AI bets — and how to de-risk them

CIO Business Intelligence

Similarly, Nafde put together an AI governance team of some two dozen people led by Webster Bank’s chief enterprise architect and chief data officer that includes technologists, risk and compliance staff, and lawyers. A key focus of the bank’s AI team is likewise data quality.

Risk 133
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3 key digital transformation priorities for 2024

CIO Business Intelligence

Third, in the CDO Agenda: 2024: Navigating Data and Generative AI Frontiers , 57% of respondents haven’t changed their data environments to support generative AI. CIOs should look for other operational and risk management practices to complement transformation programs.

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insightsoftware Acquires Vizlib, Extending Write-Back to Qlik Users

Jet Global

We are eager to offer this additional support to insightsoftware customers, advancing our own capabilities that improve data quality and visibility, and enhance performance.” “This acquisition seamlessly connects insightsoftware’s expertise and product offerings with our extensive visualization library.

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Automating Model Risk Compliance: Model Development

DataRobot Blog

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
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What is data governance? Best practices for managing data assets

CIO Business Intelligence

The Business Application Research Center (BARC) warns that data governance is a highly complex, ongoing program, not a “big bang initiative,” and it runs the risk of participants losing trust and interest over time. Informatica Axon Informatica Axon is a collection hub and data marketplace for supporting programs.