Smart Data Collective

FEBRUARY 14, 2023

However, it is important to understand the benefits and risks associated with cloud computing before making the commitment. With cloud computing, documents are saved online instead of locally, so they can be accessed from any device with an internet connection. An estimated 94% of enterprises rely on cloud computing.

Risk 92

Risk Cost-Benefit Software Technology 92

DataRobot Blog

JUNE 27, 2022

If the assumptions are being breached due to fundamental changes in the process being modeled, the deployed system is not likely to serve its intended purpose, thereby creating further model risk that the institution must manage. These observations would have spanned a distribution, which the model leveraged to make its forecasts.

Risk 59

Risk Modeling Metrics Measurement 59

CIO Business Intelligence

AUGUST 1, 2023

It would also empower linguists to translate historical documents. But digitizing the project could help collect all those materials in one place, giving everyone access to instant copies of these vital historical documents. Our measure of success is that nearly two dozen instances of ILDA have been created to date,” says Tepe.

Risk 98

Risk IT Software Digital Transformation 98

IBM Big Data Hub

FEBRUARY 22, 2024

Defense leaders focused on operationalizing the responsible curation of AI must first agree upon a shared vocabulary—a common culture that guides safe, responsible use of AI—before they implement technological solutions and guardrails that mitigate risk. These are table stakes for the DoD or any government agency.

Metadata 103

Metadata Measurement Risk Modeling 103

Smart Data Collective

SEPTEMBER 7, 2021

Properly safeguard physical documents. You and your employees should treat sensitive paper documents with the same level of attention as you treat your online transactions. If the record has served its purpose in your office, keeping it around might be an unnecessary security risk. Ensure you encrypt your data.

Strategy 119

Strategy Risk Measurement IT 119

CIO Business Intelligence

AUGUST 30, 2023

In my previous column in May, when I wrote about generative AI uses and the cybersecurity risks they could pose , CISOs noted that their organizations hadn’t deployed many (if any) generative AI-based solutions at scale. Today, it is, as they create a mysterious new risk and attack surface to defend against.

Enterprise 128

Enterprise Risk Measurement Software 128

Cloudera

FEBRUARY 1, 2024

Day 0 — Design and Preparation: Focuses on designing and preparing for your installation, including gathering requirements, planning architecture, allocating resources, setting up network and security, and documentation creation. Security considerations: define security policies and implement necessary measures to protect data and resources.

Optimization 80

Optimization Measurement Testing Publishing 80

Domino Data Lab

AUGUST 6, 2021

Model Risk Management is about reducing bad consequences of decisions caused by trusting incorrect or misused model outputs. Systematically enabling model development and production deployment at scale entails use of an Enterprise MLOps platform, which addresses the full lifecycle including Model Risk Management. What Is Model Risk?

Risk Management 64

Risk Management Risk Modeling Enterprise 64

IBM Big Data Hub

JANUARY 22, 2024

An organization must establish and document its legal basis before collecting any data. According to the GDPR principle of purpose limitation, controllers must have an identified and documented purpose for collecting data. ” The organization documents all data processing activities.

Measurement 90

Measurement Risk Data Processing Data Collection 90

O'Reilly on Data

MAY 18, 2020

This article answers these questions, based on our combined experience as both a lawyer and a data scientist responding to cybersecurity incidents, crafting legal frameworks to manage the risks of AI, and building sophisticated interpretable models to mitigate risk. AI incidents, in other words, don’t require an external attacker.

Risk 359

Risk Modeling Data Processing Software 359

CIO Business Intelligence

APRIL 8, 2024

Working with partner Amazon Web Services (AWS), the NFL has developed Digital Athlete, a platform that uses computer vision and ML to predict which players are at the highest risk of injury based on plays and their body positions. million video frames and documents about 100 million locations and positions of players on the field.

Analytics 97

Analytics Broadcasting Predictive Analytics Risk 97

CIO Business Intelligence

MARCH 14, 2024

AI has already found its way into many government departments, with the most common use of AI identified by the NAO being to support operational decision-making through automated document analysis, digital assistant functionality, and image recognition. Safety standards There is an element of caution to government departments’ approach.

Testing 103

Testing Risk Digital Transformation Statistics 103

IBM Big Data Hub

FEBRUARY 7, 2024

In addition to CSRD, California has new mandatory reporting rules coming into play in 2024, while countries around the world are on the verge of implementing their own non-financial disclosure and documentation requirements. Reporting is also becoming critical to corporate social responsibility initiatives.

Reporting 100

Reporting Internet of Things Cost-Benefit Data-driven 100

Smart Data Collective

MAY 7, 2023

Some of them are: Business formation documents Employment records Business asset records Tax returns and supporting documents Sales receipts Ledgers and registers Leases or mortgage documents Shareholder meeting minutes Bank and credit card statements Licenses and permits Insurance policies and records Loan documents.

Insurance 103

Insurance Cost-Benefit Measurement Data Processing 103

CIO Business Intelligence

NOVEMBER 7, 2023

As the end of 2023 approaches, it becomes imperative to assess the current landscape of cybersecurity threats, explore potential strategies to combat them, and explore the new practice measures that can be taken. PAM can help prevent insider threat risks and reduce the potential of credentials becoming compromised.

Measurement 118

Measurement Risk Strategy Management 118

bridgei2i

APRIL 23, 2020

The banking sector globally is definitely going to see impact, some more grave than the others and most of them are announcing short to mid term measure both from a customer and business risk mitigation standpoint. Europe is in worse shape than America, with banks in UK, Italy and Germany in the risk of being in red.

Risk 52

Risk Management Scorecard Forecasting 52

IBM Big Data Hub

APRIL 4, 2024

Lots of innovation is happening, with new technologies emerging in areas such as data and AI, payments, cybersecurity and risk management, to name a few. A third-party risk management review, where the ISV needs to describe how it is complying to required controls. Most of these new technologies are born-in-cloud.

Cost-Benefit 62

Cost-Benefit Risk Management Risk Digital Transformation 62

Alation

AUGUST 17, 2022

The Risks of Early Data Governance Programs. The biggest risk was a lack of ownership. Too often, organizations don’t educate their users about data governance, security, and business risk,” claims analyst Jack Gold. If your definitions are bad, so is your governance/risk/security. Enterprise risk management.

Data Governance 92

Data Governance Risk Data-driven Measurement 92

Alation

SEPTEMBER 7, 2021

In this blog we will discuss how Alation helps minimize risk with active data governance. Governance influences how an organization’s objectives are set and achieved, how risk is monitored and addressed, and how performance is optimized. Organizations that run afoul of such laws risk damaging their reputation.

Data Governance 59

Data Governance Risk Data Quality Dashboards 59

Smart Data Collective

MAY 17, 2023

Since so many companies use Office 365, they need to make sure the documents stored on it are safe from hackers. While Office 365 offers built-in security features, it is essential to understand that these measures alone may not be sufficient to safeguard your business data. This entails shielding applications from cyberattacks.

Risk 83

Risk Measurement Software Management 83

Smart Data Collective

SEPTEMBER 25, 2023

The Significance of SBOM in Cybersecurity SBOM plays a critical role in enhancing cybersecurity by promoting transparency, aiding in vulnerability management, expediting incident response, ensuring compliance, and mitigating supply chain risks. When using third-party code, it’s essential to assess and monitor their security.

Software 105

Software Risk Data-driven IT 105

datapine

SEPTEMBER 29, 2022

5) How Do You Measure Data Quality? In this article, we will detail everything which is at stake when we talk about DQM: why it is essential, how to measure data quality, the pillars of good quality management, and some data quality control techniques. These processes could include reports, campaigns, or financial documentation.

Data Quality 241

Data Quality Metrics Data-driven Management 241

CIO Business Intelligence

AUGUST 18, 2023

For example, instead of negotiating who will bear the risk of inflation, the parties embrace the fact that inflation is a reality of business and collaborate to identify and invest in operational efficiencies to mitigate the risk of inflation. First, the model must balance risk and reward for both parties.

Measurement 89

Measurement Modeling Risk Management 89

CIO Business Intelligence

JUNE 8, 2023

Key skills for the role include resource allocation, risk and change management, quality assurance, communication, and leadership and team building. Relevant skills include security architecture design, threat modeling, compliance and regulations, security operations, risk assessment and management, and security infrastructure implementation.

IT 136

IT Digital Transformation Software Risk 136

Smart Data Collective

SEPTEMBER 30, 2021

Sometimes the most advanced security measure you can take is to cover the basics. In both cases, keeping the systems updated and backing up sensitive data can help you mitigate the risks. . You need to make sure that these security policies are both properly structured and carefully followed in order to prevent any security risks.

Measurement 124

Measurement Risk Software IT 124

erwin

MARCH 25, 2021

Usually we talk about benefits which are rather qualitative measures, but what we need for decision-making processes are values,” Pörschmann says. “We Risk Management and Regulatory Compliance. Risk management, specifically around regulatory compliance, is an important use case to demonstrate the true value of data governance.

Data Governance 109

Data Governance Cost-Benefit IT Risk 109

IBM Big Data Hub

FEBRUARY 23, 2024

Organizations must document the legal basis for every processing operation before beginning. Create a recordkeeping system Organizations with more than 250 employees, and companies of any size that regularly process data or handle high-risk data, must keep written electronic records of their processing activities.

Measurement 84

Measurement Risk Data Collection Data Processing 84

Laminar Security

AUGUST 31, 2023

However, with such accessibility comes potential risks: data breaches, unauthorized access, and compliance violations. As the digital landscape expands, the need for comprehensive data security measures becomes paramount. This combination offers unparalleled visibility and control to protect an organization’s most valued data.

Risk 88

Risk Data Warehouse Measurement Management 88

CIO Business Intelligence

NOVEMBER 6, 2023

In this evolving IT investment landscape, the definition of risk has not changed, but the timeframe for response has shortened.” Prepare for a quantum leap in hacking IT leaders must prepare for security risks — even those that are still years away, says Dietmar Fauser, CIO of Symphony. IT leaders of today must prioritize strategic HR.”

IT 137

IT Risk Technology Measurement 137

John Wheeler

OCTOBER 20, 2020

We continue our “20 for 20” theme this year by highlighting the integrated risk management (IRM) critical capabilities and top 20 software functions / features. These five capabilities support both integrated view of strategic, operational and technology risk as well as the related business outcomes, processes and assets.

Risk Management 52

Risk Management Risk Predictive Modeling Insurance 52

Smart Data Collective

DECEMBER 21, 2020

Insurers are already using AI to select rates for customers and measure the risk they may pose, but how will it directly be of use in claims processing? Capturing data from documents. It involves identifying crucial information from documents and extracting it right away, so the customer’s journey is smoother and shorter.

Insurance 131

Insurance Cost-Benefit Big Data Unstructured Data 131

Rocket-Powered Data Science

FEBRUARY 15, 2023

3) How do we get started, when, who will be involved, and what are the targeted benefits, results, outcomes, and consequences (including risks)? (2) Why should your organization be doing it and why should your people commit to it? (3) In short, you must be willing and able to answer the seven WWWWWH questions (Who?

Strategy 289

Strategy Experimentation Uncertainty Machine Learning 289

CIO Business Intelligence

NOVEMBER 23, 2022

The rush to partner with startups can result in relationships that are not aligned to both parties’ interests, leading to significant business-technology risks for a CIO. In the absence of a multistage due diligence process, an enterprise could face third-party risks. It worked hard and delivered the project.”

Risk 124

Risk Consulting Enterprise Technology 124

CIO Business Intelligence

OCTOBER 2, 2023

The PMO determines what documentation is required for the various projects, and it enforces adherence to the practices and standards it has established. Furthermore, the PMO serves as a centralized deposit of project-related information, such as status reports, identified risks and project interdependencies.

Management 117

Management Key Performance Indicator Scorecard Risk 117

Smart Data Collective

MAY 25, 2023

Fortunately, there are a number of measures that small businesses can take to protect their sensitive information from unauthorized access. Cybercriminals target these businesses primarily due to their resource inadequacy and often lack of progressive cyber security measures. Additionally, cybercrime costs SMEs over $2.2

Internet of Things 86

Internet of Things Cost-Benefit Risk Software 86

IBM Big Data Hub

APRIL 9, 2024

” The historical sources watsonx.data accesses comprise relational, object and document databases, including IBM® Db2® , IBM® Cloudant , IBM Cloud® Object Storage and PostgreSQL. We also measure response time since this is a near real-time system. Lastly, watsonx.data pulls from live feeds.

Management 81

Management IT Machine Learning Metrics 81

O'Reilly on Data

JULY 28, 2020

These measures are commonly referred to as guardrail metrics , and they ensure that the product analytics aren’t giving decision-makers the wrong signal about what’s actually important to the business. When a measure becomes a target, it ceases to be a good measure ( Goodhart’s Law ). Any metric can and will be abused.

Marketing 362

Marketing Experimentation Metrics Testing 362