article thumbnail

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 97
article thumbnail

Avoid generative AI malaise to innovate and build business value

CIO Business Intelligence

Deloitte 2 meanwhile found that 41% of business and technology leaders said a lack of talent, governance, and risks are barriers to broader GenAI adoption. However such fear, uncertainty, and doubt (FUD) can make it harder for IT to secure the necessary budget and resources to build services. Right-size your model(s).

Data Lake 127
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Business Strategies for Deploying Disruptive Tech: Generative AI and ChatGPT

Rocket-Powered Data Science

3) How do we get started, when, who will be involved, and what are the targeted benefits, results, outcomes, and consequences (including risks)? Those F’s are: Fragility, Friction, and FUD (Fear, Uncertainty, Doubt). These changes may include requirements drift, data drift, model drift, or concept drift.

Strategy 289
article thumbnail

Data Teams and Their Types of Data Journeys

DataKitchen

One of the most pressing issues is the ownership of databases by multiple data teams, each with its governance protocols, leading to a volatile data environment rife with inconsistencies and errors.

article thumbnail

Data Equals Truth, and Truth Matters

erwin

In these times of great uncertainty and massive disruption, is your enterprise data helping you drive better business outcomes? A data-driven approach has never been more valuable to addressing the complex yet foundational questions enterprises must answer. Create always-available and always-transparent data pipelines.

article thumbnail

Transforming FSI in ASEAN with Cloud Analytics

CIO Business Intelligence

Right from the start, auxmoney leveraged cloud-enabled analytics for its unique risk models and digital processes to further its mission. Particularly in Asia Pacific , revenues for big data and analytics solutions providers hit US$22.6bn in 2020 , with financial services companies ranking among their biggest clients.

article thumbnail

12 Cloud Computing Risks & Challenges Businesses Are Facing In These Days

datapine

Like many other branches of technology, security is a pressing concern in the world of cloud-based computing, as you are unable to see the exact location where your data is stored or being processed. This increases the risks that can arise during the implementation or management process. Cost management and containment. Compliance.

Risk 237