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How to build a successful risk mitigation strategy

IBM Big Data Hub

The only way for effective risk reduction is for an organization to use a step-by-step risk mitigation strategy to sort and manage risk, ensuring the organization has a business continuity plan in place for unexpected events. Contingency plans should be in place if something drastic changes or risk events occur.

Risk 73
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IBM’s watsonx.governance takes aim at AI auditing

CIO Business Intelligence

It focuses on three core areas of documentation: compliance, risk management, and model lifecycle management — processes IBM says are intertwined. What is IBM’s strategy with watsonx.governance? watsonx.governance is a toolkit for governing generative AI and machine learning models.

Risk 66
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7 steps for turning shadow IT into a competitive edge

CIO Business Intelligence

After all, 41% of employees acquire, modify, or create technology outside of IT’s visibility , and 52% of respondents to EY’s Global Third-Party Risk Management Survey had an outage — and 38% reported a data breach — caused by third parties over the past two years.

IT 137
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How Big Data Impacts The Finance And Banking Industries

Smart Data Collective

Financial institutions such as banks have to adhere to such a practice, especially when laying the foundation for back-test trading strategies. Some prominent banking institutions have gone the extra mile and introduced software to analyze every document while recording any crucial information that these documents may carry.

Big Data 142
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Stakeholder management: Your guide to influencing project outcomes

CIO Business Intelligence

“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.

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5 signs your agile practices will lead to digital disaster

CIO Business Intelligence

The best way to address this gap is to draft a simple vision statement written by product managers and delivery leaders in collaboration with stakeholders and agile teams. The writing process builds trust, and a documented vision builds a shared understanding of priorities. Agile teams aren’t done when they deploy the code.

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Leveraging user-generated social media content with text-mining examples

IBM Big Data Hub

With nearly 5 billion users worldwide—more than 60% of the global population —social media platforms have become a vast source of data that businesses can leverage for improved customer satisfaction, better marketing strategies and faster overall business growth.