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 98

Strategy Risk Enterprise Risk Management 98

CIO Business Intelligence

MARCH 15, 2023

In reality, generative AI presents a number of new and transformed risks to the organization. A second, more pernicious risk is the fact that ChatGPT can write malware. The malware itself continues to evolve, as do the criminal strategies of the perpetrators. Such is the nature of cybersecurity risk management.

Digital Transformation 126

Digital Transformation Risk Risk Management Strategy 126

John Wheeler

OCTOBER 21, 2019

Over the past month, I’ve been speaking to various groups to help them prepare for the onslaught of digital risks in their organizations. A common theme is the need for greater risk quantification beyond the realm of traditional, qualitative governance, risk and compliance (GRC) approaches.

Risk 53

Risk Risk Management Digital Transformation Insurance 53

IBM Big Data Hub

JULY 31, 2023

While bank failures are often the result of bad management decisions and policies, there’s good reason to attribute some blame to delayed modernization initiatives and strategies. Couldn’t execs have run better analyses to spot risks within the data? Why did they fail to launch a new mobile app?

Digital Transformation 54

Digital Transformation Uncertainty Risk Data Warehouse 54

IBM Big Data Hub

MARCH 20, 2024

For highly regulated industries, these challenges take on an entirely new level of expectation as they navigate evolving regulatory landscape and manage requirements for privacy, resiliency, cybersecurity, data sovereignty and more. Similarly, in the U.S.

Risk Management 80

Risk Management Risk Enterprise Business Services 80

John Wheeler

DECEMBER 31, 2020

The following top 20 list (see figure below) represents the technologies and trends our clients deem most critical to their strategies for future success. As we look to 2021 and the anticipated global economic recovery , we see continued interest in topics related to emerging business risks, digital transformation and cybersecurity.

Technology 86

Technology Risk Management Digital Transformation Risk 86

CIO Business Intelligence

JUNE 23, 2023

It helps reduce risk, increase efficiency, optimize resources, and improve both the customer and employee experience. When asked what keeps them up at night, IT leaders noted the need to improve overall IT performance (60%), followed by data security (50%), process risk and compliance (46%), and the need to improve agility (41%).

IT 98

IT Risk Management Risk Optimization 98

CIO Business Intelligence

NOVEMBER 3, 2023

AI helps to turn past activities and successes into actionable strategies for future projects at a stroke. For example, AI can quickly answer: what is the best strategy for optimizing savings in a rising market for a particular category? By automating repetitive tasks, difficult problems get more attention, too.

Digital Transformation 128

Digital Transformation Risk Management Risk Machine Learning 128

CIO Business Intelligence

SEPTEMBER 14, 2023

With this in mind, we embarked on a digital transformation that enables us to better meet customer needs now and in the future by adopting a lightweight, microservices architecture. A key aspect of our digital transformation was to lead with design. Digital Transformation

Digital Transformation 105

Digital Transformation Risk Management Enterprise Technology 105

CIO Business Intelligence

NOVEMBER 21, 2023

Ask IT leaders about their challenges with shadow IT, and most will cite the kinds of security, operational, and integration risks that give shadow IT its bad rep. That’s not to downplay the inherent risks of shadow IT.

IT 137

IT Risk Cost-Benefit Risk Management 137

CIO Business Intelligence

SEPTEMBER 14, 2023

Nasdaq is currently using gen AI for a range of applications, including supporting digital investigators’ efforts to identify financial crime risk and empowering corporate boards to consume presentations and disclosures more efficiently.

Risk Management 116

Risk Management Risk Marketing Cost-Benefit 116

CIO Business Intelligence

APRIL 21, 2022

Each must be committed to the agile/digital transformation and must communicate that support clearly throughout the transformation journey. . Business and technology leaders must be committed to the Agile/digital transformation and must communicate this support clearly and continually throughout the transformation process.

Digital Transformation 145

Digital Transformation Key Performance Indicator Risk Testing 145

IBM Big Data Hub

APRIL 4, 2024

The cloud represents a strategic tool to enable digital transformation for financial institutions As the banking and other regulated industry continues to shift toward a digital-first approach, financial entities are eager to use the benefits of digital disruption. Most of these new technologies are born-in-cloud.

Cost-Benefit 61

Cost-Benefit Risk Management Risk Digital Transformation 61

CIO Business Intelligence

DECEMBER 29, 2023

With the merging of operational efficiency and embracing new technologies, today’s CIOs are under increasing pressure to do more with less and become both technologists and business leaders, says Sunny Azadeh, CIO at digital services company GlobalLogic. “In

Cost-Benefit 139

Cost-Benefit Digital Transformation Consulting Strategy 139

Smart Data Collective

SEPTEMBER 17, 2020

These terms are fundamentally tied predominantly to matters involving digital transformation as well as growth in companies. Financial institutions such as banks have to adhere to such a practice, especially when laying the foundation for back-test trading strategies. In this modern age, each business entity is driven by data.

Big Data 140

Big Data Finance Risk Management Risk 140

CIO Business Intelligence

SEPTEMBER 20, 2023

But speaking to many IT leaders, there are often gaps between how IT runs Scrum, Kanban, or other agile practices and what CIOs need in order to achieve digital transformation objectives. Their comments offer insights as to what to do if your teams are “doing agile” but aren’t agile enough to deliver digital transformation results.

Digital Transformation 135

Digital Transformation Uncertainty Metrics Business Objectives 135

CIO Business Intelligence

JUNE 8, 2023

There’s a strong need for workers with expertise in helping companies make sense of data, launch cloud strategies, build applications, and improve the overall user experience. Businesses are looking for tech pros with highly specialized skills, as they embrace digital transformation and increasingly rely on technology for core business.

IT 140

IT Digital Transformation Software Risk 140

CIO Business Intelligence

AUGUST 5, 2022

Further, the report said that 90% of respondents claimed a multicloud strategy is working for their enterprises. This contrasts with just 53% of respondents claiming that such a strategy was working for them in last year’s survey.

Reporting 124

Reporting Enterprise Cost-Benefit Digital Transformation 124

CIO Business Intelligence

JUNE 12, 2023

COBIT is an IT management framework developed by the ISACA to help businesses develop, organize, and implement strategies around information management and IT governance. COBIT 2019 was introduced to build governance strategies that are more flexible and collaborative and that address new and changing technology.

Risk Management 94

Risk Management Strategy Digital Transformation Enterprise 94

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. Another main priority with EA is agility and ensuring that your EA strategy has a strong focus on agility and agile adoption.

Enterprise 128

Enterprise Cost-Benefit Digital Transformation Strategy 128

IBM Big Data Hub

DECEMBER 14, 2023

A cybersecurity strategy is not solely about managing risk across a business’ IT infrastructure. The stakes are especially high for organizations in highly regulated industries because they can be exploited through their digital supply chain, giving hackers access to consumers’ valuable and sensitive data.

Risk 92

Risk Enterprise Digital Transformation Risk Management 92

IBM Big Data Hub

FEBRUARY 13, 2024

Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals. They also factor in how a strong partnership could reduce supply chain risk and advance sustainability. It also can help optimize transportation costs and service-level agreements as well as improve inventory management and visibility.

Cost-Benefit 86

Cost-Benefit Scorecard Risk Recreation/Entertainment 86

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. Outsourcing IT operations has become a smart business strategy. Include the enterprise risk management team.

Risk Management 116

Risk Management Internet of Things Risk IoT 116

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. Outsourcing IT operations has become a smart business strategy. Include the enterprise risk management team.

Modeling 95

Modeling Risk Management Internet of Things Risk 95

CIO Business Intelligence

SEPTEMBER 7, 2023

Additionally, related issues during use are risk of hallucinations and prompt engineering. Additionally, it’s paramount within the financial services sector to ensure responsible AI and adherence to regulatory guidance for model risk. Keeping our AI approach interpretable and managing bias becomes crucial.

Risk Management 98

Risk Management Risk Testing Digital Transformation 98

IBM Big Data Hub

JANUARY 16, 2024

What generative AI has done is open a new world of innovations that can help personalize financial planning and investment management. Since AI has an ability to find trends in data, AI helps insurers create personalized products which could lead to more accurate risk assessments and ease insurance costs for individuals.

Risk Management 51

Risk Management Insurance Cost-Benefit Risk 51

Cloudera

MARCH 25, 2021

As digital transformation initiatives move forward, many fast-forwarded by the pandemic, digital data footprints are expanding. Risk management can be optimized by the improved use of data and analytics to run models, account for more variables and scrutinize probable outcomes. appeared first on Cloudera Blog.

Data Strategy 64

Data Strategy Strategy Enterprise Insurance 64

CIO Business Intelligence

MARCH 14, 2024

“MBA programs can also help leaders hone their communication and negotiation skills while also improving their understanding of organizational behavior, strategic planning, and risk management through exposure to experienced peers and varied coursework,” Bhargava explains.

IT 126

IT Strategy Digital Transformation Risk Management 126

erwin

OCTOBER 17, 2019

At erwin, we’re definitely witnessing this EA evolution as more and more as organizations undertake digital transformation initiatives, including rearchitecting their business models and value streams, as well as responding to increasing regulatory pressures. Data security/risk management. Digital transformation.

Enterprise 106

Enterprise Digital Transformation Data Governance Risk Management 106

CIO Business Intelligence

JUNE 26, 2023

Wide-scale digital transformation has positioned technology as the center piece of companies’ revenue-generation strategies, both as foundation for delivering and servicing products and as the primary touchpoint for customer engagement. That has served me incredibly well.”

IT 119

IT Software Consulting Digital Transformation 119

John Wheeler

MAY 2, 2019

Gartner clients are consistently searching for ways to improve their risk management programs to deliver greater value to the enterprise. That’s why Gartner has been promoting integrated risk management (IRM) solutions for the past 4 years. Competitive Landscape: Integrated Risk Management Solutions.

Technology 75

Technology Risk Management Risk Digital Transformation 75

CIO Business Intelligence

JUNE 21, 2022

IT governance should be well-defined, clearly understood, and led by principles that reflect your organization’s mission, vision, and strategy, advises Donna Bales, principal research director at Info-Tech Research Group. Poor risk planning. CIOs frequently launch strategic initiatives without fully considering all the risks involved.

IT 116

IT Risk Measurement Risk Management 116

CIO Business Intelligence

DECEMBER 7, 2023

In his current role as chief information and digital officer at WestRock, he’s responsible for developing and executing global information systems, technology, and cybersecurity strategy in addition to leading the company’s digital transformation. Space to take some risk and try new things has to be an expectation.

Testing 105

Testing Risk Marketing IoT 105

CIO Business Intelligence

JANUARY 24, 2024

Karen Higgins-Carter, previously CIO of Webster Bank, joined Gilbane just over a year ago as CDIO with the responsibility of digitally transforming this 153-year-old business. We’re in an industry that is ripe for transformation,” says Higgins-Carter, pictured above, center. Put your data strategy in business turns.

Risk Management 118

Risk Management Risk Management Digital Transformation 118

IBM Big Data Hub

AUGUST 1, 2023

We are bringing the power of foundation models with the availability of a GPU as a service on IBM Cloud offering to help organizations tap into artificial intelligence (AI) in a secured environment while aiming to mitigate third- and fourth-party risk.

Digital Transformation 68

Digital Transformation Risk Data Processing Enterprise 68

erwin

NOVEMBER 13, 2020

Digital Transformation. Data Security & Risk Management. Innovation Management. Digital Transformation. The key driver of modern EA is the demand for digital transformation. Compliance/Legislation. Artificial Intelligence. Knowledge Improvement and Retention.

Enterprise 131

Enterprise Digital Transformation Key Performance Indicator Data-driven 131

IBM Big Data Hub

SEPTEMBER 18, 2023

At the same time, we are increasingly seeing regulators more closely monitor the industry’s relationship with non-traditional players (such as fintechs and neobanks), aimed at mitigating the introduction of potential risks into the financial services ecosystem.

Risk 78

Risk Cost-Benefit Digital Transformation Risk Management 78