DataRobot Blog

APRIL 29, 2022

The stakes in managing model risk are at an all-time high, but luckily automated machine learning provides an effective way to reduce these risks. However, after the financial crisis, financial regulators around the world stepped up to the challenge of reigning in model risk across the financial industry. What is a model?

Risk 111

Risk Modeling IT Risk Management 111

CIO Business Intelligence

DECEMBER 19, 2023

The analyst reports tell CIOs that generative AI should occupy the top slot on their digital transformation priorities in the coming year. Moreover, the CEOs and boards that CIOs report to don’t want to be left behind by generative AI, and many employees want to experiment with the latest generative AI capabilities in their workflows.

Digital Transformation 140

Digital Transformation Unstructured Data Machine Learning Risk Management 140

John Wheeler

DECEMBER 31, 2020

As a result, integrated risk management (IRM) topped our list in 2020. Technologies such as smart spaces , digital risk management (DRM) , secure access service edge (SASE) and zero trust network access (ZTNA) are emerging as critical needs in this new working environment.

Technology 86

Technology Risk Management Digital Transformation Risk 86

Alation

DECEMBER 8, 2022

A quick search on “data governance” returns not just definitions, but also various “pillars,” “elements,” “phases,” and, of course, “frameworks” of good governance. There seem to be as many data governance vendors as there are data governance definitions! Finding the right data governance solution can be overwhelming.

Data Governance 52

Data Governance Data-driven Strategy Reporting 52

John Wheeler

JULY 17, 2020

Interestingly, integrated risk management (IRM) topped the list as a result of increasing interest in business continuity, environment, health & safety (EH&S) and third-party risk management. Gartner’s 2020 Strategic Technology Trends for Product Leaders report explores these technologies in greater detail.

Risk Management 52

Risk Management Risk Technology Management 52

CIO Business Intelligence

MAY 15, 2024

According to Stanford’s AI Index Report, released in April, 149 foundation models were released in 2023, two-thirds of them open source. First, there are new license types that are only open source under a very loose definition of the term. Lack of transparency You might think open source models are, by definition, more transparent.

Modeling 133

Modeling Risk Software Enterprise 133

John Wheeler

MARCH 6, 2019

It has been 5 years since Gartner embarked on the journey to enhance our coverage of the risk management technology marketplace. That journey included in-depth survey research and countless interactions with our end-user clients to understand their need to better manage strategic, operational and IT/cybersecurity risks.

Risk Management 77

Risk Management Risk Data-driven Marketing 77

CIO Business Intelligence

AUGUST 25, 2022

As organizations shape the contours of a secure edge-to-cloud strategy, it’s important to align with partners that prioritize both cybersecurity and risk management, with clear boundaries of shared responsibility. The security-shared-responsibility model provides a clear definition of the roles and responsibilities for security.”.

Risk Management 107

Risk Management Internet of Things Risk IoT 107

CIO Business Intelligence

MARCH 24, 2023

Data governance definition Data governance is a system for defining who within an organization has authority and control over data assets and how those data assets may be used. It encompasses the people, processes, and technologies required to manage and protect data assets.

Data Governance 142

Data Governance Management Metadata Data Quality 142

datapine

FEBRUARY 22, 2022

Improved risk management: Another great benefit from implementing a strategy for BI is risk management. Find out what is working, as you don’t want to totally scrap an already essential report or process. The lack of agreement on definitions is a widespread problem in companies today. click to enlarge**.

Business Intelligence 218

Business Intelligence Strategy Cost-Benefit Key Performance Indicator 218

CIO Business Intelligence

MARCH 8, 2023

As organizations shape the contours of a secure edge-to-cloud strategy, it’s important to align with partners that prioritize both cybersecurity and risk management, with clear boundaries of shared responsibility. The security-shared-responsibility model provides a clear definition of the roles and responsibilities for security.”

Modeling 71

Modeling Risk Management Internet of Things Risk 71

Alation

OCTOBER 26, 2021

They need trusted data to drive reliable reporting, decision-making, and risk reduction. In our recent State of Data Culture Report , Alation found that nearly every organization (86%) with a top-tier data culture met or exceeded its revenue targets. A Strong Data Culture Supports Strategic Decision Making.

Finance 52

Finance Data Transformation Enterprise Metrics 52

CIO Business Intelligence

NOVEMBER 23, 2022

Enterprise architecture definition Enterprise architecture (EA) is the practice of analyzing, designing, planning, and implementing enterprise analysis to successfully execute on business strategies. Enterprise architect role Enterprise architects typically report to the CIO or other IT managers.

Enterprise 121

Enterprise Cost-Benefit Digital Transformation Strategy 121

erwin

OCTOBER 17, 2019

Analyst firm Ovum recently released a new report titled Ovum Market Radar: Enterprise Architecture. The Regulatory Rationale for Integrating Data Management & Data Governance. Data security/risk management. As enterprise architecture has evolved, so to have the use cases for enterprise architecture.

Enterprise 106

Enterprise Digital Transformation Data Governance Risk Management 106

IBM Big Data Hub

DECEMBER 4, 2023

The platform has been used to modernize and unify the information technology (IT) ecosystem of major financial firms, simplify human capital management (HCM) across brands’ subsidiaries, and optimize reporting processes in complex healthcare settings.

Testing 74

Testing Consulting Digital Transformation Cost-Benefit 74

IBM Big Data Hub

JUNE 13, 2022

” Examples of RegTech include chatbots that can advise on regulatory questions, cloud-based platforms for regulatory and compliance data management, and computer code that enables more automated processing of data relating to regulations [9]. 9] WEF “Regulatory Technology for the 21st Century” report [link]. [10] References. [1]

Risk 98

Risk Risk Management Data-driven Metrics 98

CIO Business Intelligence

FEBRUARY 7, 2023

benrothke Wayne Anderson, a security and risk management leader at Microsoft, offered his “personal guide to cloud security shared responsibility”: If it’s in your interface (compute, network, FW, DB, identity etc.), For the love of all things – please stop trying to give your cloud provider’s SOC2 report to auditors.

Data Processing 108

Data Processing Risk Management Risk Consulting 108

CIO Business Intelligence

JANUARY 19, 2024

“It’s a key issue that needs attention, and a CIO can and should set the tone and practices for effective stakeholder management,” says Brett Tucker, an adjunct professor of cyber risk management at Carnegie Mellon University’s Heinz College. The following is a high-level guide to effective stakeholder management.

Management 115

Management Consulting Risk Strategy 115

erwin

OCTOBER 24, 2019

A recent IDC Innovators: Data Intelligence Report says that getting answers to such questions as “where is my data, where has it been, and who has access to it” requires harnessing the power of metadata. Harvesting data – Automate the collection of metadata from various data management silos and consolidate it into a single source.

Metadata 104

Metadata Management Data-driven Data Architecture 104

Sisense

SEPTEMBER 3, 2020

Depending on the size and objectives of the enterprise, they may report to a Chief Scientist, CTO (Chief Technical Officer), CMO (Chief Marketing Officer) or even directly to the CEO. Data analysts might report to a CIO, a Chief Data Officer (CDO), or possibly to a data scientist or business analyst team leader. Data Analyst.

Statistics 97

Statistics Metrics Visualization Finance 97

AWS Big Data

AUGUST 14, 2023

Some principles for the management of data mesh evolution, and the evaluation of data products against organizational goals, are explored later in this post. These may be data products consumed in the implementation of key business activities, or associated with critical processes such as regulatory reporting and risk management.

Management 81

Management Risk Measurement Optimization 81

Cloudera

MAY 24, 2022

Alongside guidance initiatives from central banks such as the Bank of England’s pledge and the US Federal Reserve’s committees, organizations are assessing their strategy to measure risk and meet climate disclosure reporting requirements. Cloudera and Simudyne are also working with Dell EMC.

Risk 87

Risk Measurement Modeling Risk Management 87

CIO Business Intelligence

APRIL 21, 2022

Combining Agile and DevOps with elements such as cloud, testing, security, risk management and compliance creates a modernized technology delivery approach that can help an organization achieve greater speed, reduced risk, and enhanced quality and experience.

Digital Transformation 132

Digital Transformation Key Performance Indicator Risk Testing 132

Smart Data Collective

JUNE 3, 2021

Every company manages its finances, but it is time to take it to the next level by applying strategic planning, which can entail using sophisticated analytics technology. By definition, it sounds easy, but a lot goes into it that will be discussed in the following sections. Making better risk assessments.

Management 90

Management Finance Analytics Analytics Technologies 90

O'Reilly on Data

NOVEMBER 13, 2018

We’re starting to see tools that allow you to build models while guaranteeing differential privacy , one of the most popular and powerful definitions of privacy. One important change outlined in the report is the need for a set of data scientists who are independent from this model-building team.

Machine Learning 217

Machine Learning Risk Management Statistics 217

CIO Business Intelligence

APRIL 29, 2022

A recent report by Enterprise Strategy Group, commissioned by Hewlett Packard Enterprise, explains why data-first thinking matters: because they move faster than their competitors. Key features of data-first leaders. Data-first leaders are: 11x more likely to beat revenue goals by more than 10 percent.

Digital Transformation 115

Digital Transformation Strategy Data-driven Data Strategy 115

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

DataRobot

JANUARY 18, 2022

The dictionary definition of zen is a state of meditative calm in which one uses direct, intuitive insights as a way of thinking and acting. The purpose of these checklists is to avoid complacency and to ensure conscious observation of risk management. AI governance should be proportionate to the risk. Conclusion.

Risk Management 52

Risk Management Risk Data-driven Metrics 52

Sisense

AUGUST 19, 2021

Scratch that, you definitely can , but you have to ask yourself if you can do it quickly, efficiently, and while devoting sufficient time, energy, and resources to this new effort while still focusing on your core competency. And maybe you can. Embedded BI’s growth potential is huge. Embedded analytics will revolutionize every industry.

ROI 98

ROI Cost-Benefit Marketing Testing 98

CIO Business Intelligence

APRIL 28, 2022

The research firm Gartner, in a report titled “ Top Trends in Cybersecurity 2022 ,” called the digital supply chain one of the top two current attack vectors. 15 and 16, 2021, in which SBOMs were described as “a key building block in software security and software supply chain risk management.”.

Software 114

Software Risk Risk Management Manufacturing 114

Corinium

APRIL 25, 2019

Yes, definitely! For example, P&C insurance strives to understand its customers and households better through data, to provide better customer service and anticipate insurance needs, as well as accurately measure risks. It definitely depends on the type of data, no one method is always better than the other. Governance 101.

Insurance 150

Insurance Risk IoT Cost-Benefit 150

BizAcuity

JULY 26, 2021

According to the 2019 report by Flexera enterprises with a hybrid strategy grew to 58% in 2019 from 51% in 2018. A hybrid cloud environment aids in workload mobility, integration, and management across multiple computing environments. Improved security and risk management. What is a hybrid cloud?

IT 52

IT Cost-Benefit Data Processing Risk 52

erwin

APRIL 21, 2020

As COVID-19 continues to spread, organizations are evaluating and adjusting their operations in terms of both risk management and business continuity. Datasets need to be properly scanned, documented, tagged and annotated with their definitions, ownership, lineage and usage.

Measurement 97

Measurement Sales Data Governance Metadata 97

erwin

APRIL 21, 2020

As COVID-19 continues to spread, organizations are evaluating and adjusting their operations in terms of both risk management and business continuity. Datasets need to be properly scanned, documented, tagged and annotated with their definitions, ownership, lineage and usage.

Measurement 96

Measurement Sales Data Governance Metadata 96

Alation

JUNE 14, 2021

Do we know the business outcomes tied to data risk management? Intelligent systems powered by machine learning are necessary for overcoming the challenges of data management. There are many locations where sensitive data can reside — from data lakes, databases, and reports, to APIs and queries. What am I required to do?

Data Governance 97

Data Governance Recreation/Entertainment Data Lake Digital Transformation 97

Alation

AUGUST 17, 2022

And while IT should never be the data owner for business data, research from Digital Trailblazer author and former CIO Isaac Sacolick shows that 40 percent of business leaders “just want IT to fix the data and deliver reports.” If your definitions are bad, so is your governance/risk/security. Enterprise risk management.

Data Governance 92

Data Governance Risk Data-driven Measurement 92

erwin

DECEMBER 20, 2018

Whether implemented as preventative measures (risk management and regulation) or proactive endeavors (value creation and ROI), the benefits of a data governance initiative is becoming more apparent. But to ensure the collaborative take on data governance is implemented properly, an organization must settle on a common definition.

Data Governance 40

Data Governance ROI Risk Management Metadata 40