Smart Data Collective

APRIL 19, 2021

But in most instances, the real risk comes from within. For this reason, it’s highly important to implement the correct strategies to minimize any potential breaches. By encouraging staff to make a report if they suspect a leak or have information relating to the potential misuse of data, can also reduce the risk of leaks occurring.

Risk 120

Risk Management Measurement Optimization 120

Alation

OCTOBER 5, 2021

What is data governance and how do you measure success? Answers will differ widely depending upon a business’ industry and strategy for growth. The first step towards a successful data governance strategy is setting appropriate goals and milestones. Why is your data governance strategy failing?

Data Governance 96

Data Governance Strategy Data Quality Metrics 96

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It would also empower linguists to translate historical documents.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project could help collect all those materials in one place, giving everyone access to instant copies of these vital historical documents. A shift in development strategy As the software platform grows, new challenges arise.

Risk 98

Risk IT Software Digital Transformation 98

Alation

MARCH 14, 2023

Data gathering and use pervades almost every business function these days — and it’s widely acknowledged that businesses with a clear strategy around data are best placed to succeed in competitive, challenging markets such as defence. What is a data strategy? Why is a data strategy important?

Data Strategy 52

Data Strategy Strategy Metadata Data Quality 52

BA Learnings

JANUARY 11, 2019

In order to keep your business competitive, drive growth, ensure continuous improvement and enhance profits, a Business Intelligence (BI) strategy is essential. But a BI strategy is not just about technology or choosing the right platform. Therefore, a BI strategy is not to be taken lightly or in haste.

Business Intelligence 100

Business Intelligence Strategy Key Performance Indicator Cost-Benefit 100

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. Enabling Privileged Access Management: Privileged Access Management (PAM) is critical to any strong cybersecurity strategy.

Measurement 116

Measurement Risk Strategy Statistics 116

Jen Stirrup

MAY 21, 2024

I am joining the webinar as an attendee so I can get out in front of the risks. This post aims to delve into the dichotomous nature of generative AI, shedding light on its potential to bolster our security measures and serve as a tool for unprecedented cyberattacks. Generative AI: A Phenomenon - Why now? between 2022 and 2027.

IT 63

IT Measurement Internet of Things Data-driven 63

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

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. Key skills for the role include resource allocation, risk and change management, quality assurance, communication, and leadership and team building.

IT 134

IT Digital Transformation Software Risk 134

IBM Big Data Hub

FEBRUARY 7, 2024

1 In pursuit of net zero, organizations will focus their sustainability efforts on two paths in 2024: Clean energy : The transition from fossil fuels to renewable energy sources is central to sustainability strategies and net zero initiatives, and was a central issue last year at the United Nations’ COP28 climate summit.

Reporting 96

Reporting Cost-Benefit Internet of Things Data-driven 96

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 95

Analytics Broadcasting Predictive Analytics Metrics 95

bridgei2i

OCTOBER 7, 2020

Adoption of Automated Sales & Underwriting Strategies can Transform Insurance. To catch up, underwriting which typically involved manual involvement in garnering data from documents has to change radically. Assessing risk is a manual process and takes a lot of time. Underwriting.

Insurance 52

Insurance Sales Strategy Digital Transformation 52

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

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 109

Software Risk Data-driven IT 109

IBM Big Data Hub

APRIL 24, 2024

Mitigating privacy risks: The app limits data access to trusted employees who need it for their roles, and employees can access data only when they have a legitimate reason to. The Personal Information Protection and Electronic Documents Act (PIPEDA) Canada’s PIPEDA governs how private-sector businesses collect and use consumer data.

Risk 84

Risk Measurement Data Governance Insurance 84

datapine

SEPTEMBER 29, 2022

5) How Do You Measure Data Quality? There are a lot of strategies that you can use to improve the quality of your information. With quality data at their disposal, organizations can form data warehouses for the purposes of examining trends and establishing future-facing strategies. Table of Contents. 2) Why Do You Need DQM?

Data Quality 241

Data Quality Metrics Data-driven Management 241

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 136

IT Risk Technology Measurement 136

CIO Business Intelligence

DECEMBER 11, 2023

But ensuring those and other measures are taken into consideration is a weighty task that CIOs will be grappling with as AI becomes integral to how people work and conduct business. Companies need both a practical plan and a transparent communications strategy in their response.” We intend to implement it in Q1 2024.”

Modeling 126

Modeling Risk Strategy Software 126

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

CIO Business Intelligence

MARCH 24, 2023

Data governance framework Data governance may best be thought of as a function that supports an organization’s overarching data management strategy. They must be accompanied by documentation to support compliance-based and operational auditing requirements.

Data Governance 142

Data Governance Management Metadata Data Quality 142

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 89

Internet of Things Cost-Benefit Risk Software 89

datapine

JUNE 15, 2023

These analytical tools allow decision-makers to get a sense of their performance in a number of areas and extract valuable insights to inform their future strategies and boost growth. A performance report is an analytical tool that offers a visual overview of how a business is performing in a specific strategy, project, or department.

Reporting 207

Reporting Cost-Benefit Dashboards Sales 207

IBM Big Data Hub

AUGUST 18, 2023

The Digital Operational Resilience Act , or DORA, is a European Union (EU) regulation that created a binding, comprehensive information and communication technology (ICT) risk-management framework for the EU financial sector. Entities will also be expected to put appropriate cybersecurity protection measures in place.

Cost-Benefit 78

Cost-Benefit Testing Strategy Risk Management 78

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 59

Cost-Benefit Risk Management Risk Digital Transformation 59

CIO Business Intelligence

JULY 20, 2023

I’ll never forget the look on my first mortgage clients’ faces as they signed for their new home – the joy and relief washing over them in equal measure. Workflow automation and data analytics are streamlining document management, cross-checking data, assessing for risk, ensuring regulatory compliance, and so on.

Technology 98

Technology Finance Advertising Digital Transformation 98

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

CIO Business Intelligence

OCTOBER 18, 2023

But if there are any stop signs ahead regarding risks and regulations around generative AI, most enterprise CIOs are blowing past them, with plans to deploy an abundance of gen AI applications within the next two years if not already. A recent survey of nearly 1,000 IT decision-makers conducted by Foundry underscores this.

Risk 131

Risk Manufacturing Enterprise Technology 131

CIO Business Intelligence

NOVEMBER 23, 2022

Co-creating with startups can help kickstart innovation , provide CIOs with access to hard-to-find skills in emerging technologies, and round out digital transformational strategies. In the absence of a multistage due diligence process, an enterprise could face third-party risks. It worked hard and delivered the project.”

Risk 123

Risk Consulting Enterprise Technology 123

CIO Business Intelligence

AUGUST 17, 2023

But, as with any big new wave, there is a risk of once-promising projects being washed up and there are clear and obvious concerns over governance, quality and security. Generative AI is a key part of our business strategy, facilitating growth with AI-enabled processes already live in production,” he says.

Risk 88

Risk Cost-Benefit Strategy Experimentation 88

CIO Business Intelligence

JANUARY 23, 2024

Regardless of where organizations are in their digital transformation, CIOs must provide their board of directors, executive committees, and employees definitions of successful outcomes and measurable key performance indicators (KPIs). He suggests, “Choose what you measure carefully to achieve the desired results.

Measurement 125

Measurement Digital Transformation KPI Metrics 125

AWS Big Data

FEBRUARY 29, 2024

Data is your generative AI differentiator, and a successful generative AI implementation depends on a robust data strategy incorporating a comprehensive data governance approach. Working with large language models (LLMs) for enterprise use cases requires the implementation of quality and privacy considerations to drive responsible AI.

Data Governance 99

Data Governance Unstructured Data Metadata Data Lake 99

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 66

Risk Management Strategy Digital Transformation Enterprise 66

erwin

JUNE 26, 2020

If you’re serious about a data-driven strategy , you’re going to need a data catalog. Data catalogs combine physical system catalogs, critical data elements, and key performance measures with clearly defined product and sales goals in certain circumstances. Managing a remote workforce creates new challenges and risks.

Metadata 132

Metadata Cost-Benefit Measurement Data-driven 132

CIO Business Intelligence

OCTOBER 20, 2023

The result, Jeevanjee says, is a technology-driven business strategy “that’s a very empowering thing.” Nearly 40% of the company’s business processes have now been digitized, and filing claim time — a key measure of customer satisfaction — has been reduced from four minutes to 43 seconds, according to the company.

Digital Transformation 135

Digital Transformation Insurance Recreation/Entertainment Machine Learning 135

CIO Business Intelligence

FEBRUARY 13, 2023

Measure performance of the current process by establishing a data collection plan to determine defects and gather metrics. At this stage, it’s important to establish performance baselines, future goals, and how performance will be measured. Improve the process by eliminating root causes of defects through innovative solutions.

Management 72

Management Statistics Manufacturing Measurement 72

CIO Business Intelligence

DECEMBER 5, 2022

Each phase intersects with any of 10 knowledge areas, which include: integration, scope, time, cost, quality, human resources, communication, risk procurement, and stakeholder management. Risk management: Perform qualitative and quantitative risk analysis, plan risk mitigation strategies. Budget for surprises.

Management 127

Management Cost-Benefit Key Performance Indicator Software 127