Smart Data Collective

APRIL 19, 2021

But in most instances, the real risk comes from within. From conversing on personal devices (BYODs) to sending documents to the wrong recipient, or using unsecured applications for transfers, the risk for potential leaks is high. Around 66% of all data leaks are caused by employees making mistakes with digital records.

Risk 121

Risk Management Measurement Optimization 121

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. To reference SR 11-7: .

Risk 64

Risk Modeling Machine Learning Data Quality 64

CIO Business Intelligence

APRIL 12, 2024

Large banking firms are quietly testing AI tools under code names such as as Socrates that could one day make the need to hire thousands of college graduates at these firms obsolete, according to the report. But that’s just the tip of the iceberg for a future of AI organizational disruptions that remain to be seen, according to the firm.

Experimentation 142

Experimentation Reporting Testing Statistics 142

FineReport

FEBRUARY 17, 2021

What is Project Management Report? A project management report is a high-level overview of the current status of a project. Why is project management report critical? In short, project reporting provides project stakeholders with a window into what’s happening and what to do about it for the entire team.

Reporting 98

Reporting Management Dashboards Risk 98

Jet Global

JANUARY 19, 2021

With businesses needing access to up-to-the-minute information to answer ad hoc questions and adapt to rapidly changing business conditions, is your current reporting process fit for purpose? Does it take days to extract and consolidate your SAP ECC or S/4HANA data to generate the reports you need?

Reporting 98

Reporting Risk IT 98

Jet Global

MAY 1, 2023

EPM reporting is a critical component of performance management. Improving performance begins by understanding where strengths and weaknesses exist, and EPM reporting is designed to expose them. The clarity quality EPM reports provide is only matched by the confusion that bad reports create.

Reporting 52

Reporting Finance Data-driven Risk 52

CIO Business Intelligence

MARCH 3, 2024

For its 2023 Security Priorities report, Foundry surveyed 790 IT security workers to understand their projects and priorities. The adversaries, at least for now, have the upper hand on many global organisations,” the report concluded. Its conclusions were less than optimal. Zero trust is still not widely deployed, but that is changing.

IT 100

IT Measurement Risk Testing 100

IBM Big Data Hub

FEBRUARY 7, 2024

Advanced technologies, more stringent reporting standards and stronger support from stakeholders are building momentum for eco-friendly initiatives and the incentives that encourage them. Sustainability reporting: Accountability on the record This may be the biggest year yet in sustainability reporting.

Reporting 96

Reporting Cost-Benefit Internet of Things Data-driven 96

Jet Global

JUNE 23, 2020

Reporting has always been necessary, but now it’s paramount. Acting without this information in the most comprehensive and current form possible exposes the accounting department (and by extension the company as a whole) to the risk of preventable mistakes and misunderstandings at a moment that demands perfection.

Reporting 98

Reporting Uncertainty Metrics Measurement 98

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 141

Digital Transformation Unstructured Data Machine Learning Risk Management 141

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 132

IT Risk Cost-Benefit Risk Management 132

O'Reilly on Data

MAY 18, 2020

To date, at least 1,200 reports of AI incidents have been recorded in various public and research databases. 1 And, of course, the risks of model decay are exacerbated in times of rapid change. Taken together, AI is a high-risk technology, perhaps akin today to commercial aviation or nuclear power. How Material Is the Threat?

Risk 359

Risk Modeling Data Processing Software 359

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. As stated in SR 11-7: Ongoing monitoring should include the analysis of overrides with appropriate documentation.

Risk 59

Risk Modeling Metrics Measurement 59

CIO Business Intelligence

MAY 23, 2023

These risks, as well as other risks related to the proposed transaction, are included in the registration statement on Form S-4 and proxy statement/prospectus that has been filed with the Securities and Exchange Commission (“SEC”) in connection with the proposed transaction.

Uncertainty 133

Uncertainty Cost-Benefit Risk Technology 133

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

MARCH 11, 2024

It will improve project management, help with requirements creation, assist developers with coding, cover the system with auto-tests, report defects, and improve deployment. These include security and data privacy concerns, low-quality data, reputational risks, and immature technology, to name a few.

Software 88

Software Testing Data-driven Risk 88

CIO Business Intelligence

SEPTEMBER 29, 2023

Financial organizations want to capture generative AI’s tremendous potential while mitigating its risks. Most predominantly, these organizations talk about the risks that are an intrinsic part of generative AI technology. In the highly regulated world of finance, generative AI can help produce compliance reports. Automation.

Finance 130

Finance Unstructured Data Risk Cost-Benefit 130

Cloudera

OCTOBER 18, 2023

In the ever-evolving landscape of the financial services Industry, change is a constant and transformation is a requirement — to stay at pace with new regulations, risk mitigation, and the technological developments that support transformation. Automated documentation generation: Generating documentation is time consuming and tedious.

Cost-Benefit 77

Cost-Benefit Testing Machine Learning Optimization 77

O'Reilly on Data

MARCH 26, 2024

It’s ironic that, in this article, we didn’t reproduce the images from Marcus’ article because we didn’t want to risk violating copyright—a risk that Midjourney apparently ignores and perhaps a risk that even IEEE and the authors took on!) Because, in some sense, hallucination is all LLMs do. They are dream machines.

Modeling 273

Modeling Machine Learning Risk Advertising 273

CIO Business Intelligence

FEBRUARY 16, 2024

The implications of generative AI on business and society are widely documented, but the banking sector faces a set of unique opportunities and challenges when it comes to adoption. The report found almost two-thirds (63%) do not completely trust the data their company uses. This is a problem banking leaders are increasingly aware of.

Machine Learning 113

Machine Learning Reporting Risk Modeling 113

erwin

MARCH 12, 2020

The report notes six primary EA competencies in which we excel in the large vendor category: modeling, strategy translation, risk management, financial management, insights and change management. See for yourself why we were included in the latest Forrester EAMS report. Why erwin for Enterprise Architecture?

Enterprise 85

Enterprise Reporting Management ROI 85

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 Metrics 97

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.

Management 113

Management Consulting Risk Strategy 113

IBM Big Data Hub

OCTOBER 30, 2023

In July 2023, the Securities and Exchange Commission (SEC) voted to adopt new cybersecurity rules and requirements for all market entities to address risks. Among the passed regulations were updated requirements for Form 8-K reporting as well as new guidance for Form 10-K Amendments. million, representing a 15.3% increase from 2020.

Risk Management 79

Risk Management Risk Reporting Management 79

IBM Big Data Hub

JANUARY 19, 2024

Last year, companies spent USD 219 billion on cybersecurity and solutions alone, a 12% increase from 2022, according to a recent report by the International Data Corporation (IDC) (link resides outside ibm.com). Disaster recovery plans (DRPs) are detailed documents describing how companies will respond to different types of disasters.

Strategy 97

Strategy Cost-Benefit Testing Risk 97

IBM Big Data Hub

SEPTEMBER 12, 2023

Through the pilots, the UK government found that novel, digital, risk-based methods for border control can provide higher quality data and could decrease decision-making time for goods entering Britain by 17%. The consortium ran a pilot that provided the government with additional supply chain data for 700,000 consignments.

Testing 90

Testing Modeling Cost-Benefit Consulting 90

CIO Business Intelligence

OCTOBER 2, 2023

Nearly three-quarters of midsize and large companies report having a PMO, according to the 2022 State of the Project Management Office report from PM Solutions, a project management services firm. One key responsibility is to create the processes, tools, techniques, and policies that will be used to run projects within an organization.

Management 116

Management Scorecard Key Performance Indicator Risk 116

bridgei2i

JUNE 2, 2020

Episode 7: The Impact of COVID-19 on Financial Services & Risk. The Impact of COVID-19 on Financial Services & Risk Management. For example, using AI on SME documents submitted digitally for automated loan underwriting. Now, the first of those areas is definitely risk and portfolio management. Management.

Risk Management 128

Risk Management Risk Enterprise Management 128

CIO Business Intelligence

DECEMBER 11, 2023

“This regulation aims to ensure that fundamental rights, democracy, the rule of law and environmental sustainability are protected from high risk AI, while boosting innovation and making Europe a leader in the field,” said the press release issued by European Parliament.

Risk 109

Risk Testing Insurance Cost-Benefit 109

datapine

APRIL 15, 2020

It’s necessary to say that these processes are recurrent and require continuous evolution of reports, online data visualization , dashboards, and new functionalities to adapt current processes and develop new ones. Working software over comprehensive documentation. Collaboratively develop reports. Finalize testing.

Business Intelligence 276

Business Intelligence Analytics Testing Dashboards 276

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

CIO Business Intelligence

FEBRUARY 24, 2023

VMware Tanzu Labs partners with organizations worldwide to accelerate the delivery of software and modernize legacy apps, while reducing operating costs and risk working side by side with customers to build capabilities, transfer skills and knowledge, and instill a process that shows immediate and lasting impact.

Software 101

Software Uncertainty Risk Cost-Benefit 101

erwin

SEPTEMBER 3, 2020

It documents your data assets from end to end for business understanding and clear data lineage with traceability. Data governance and EA also provide many of the same benefits of enterprise architecture or business process modeling projects: reducing risk, optimizing operations, and increasing the use of trusted data.

Data Governance 144

Data Governance Enterprise Risk Data Lake 144

FineReport

MAY 27, 2022

The fluent operation of a company cannot be achieved without frequent financial reports. Through financial reporting, people will obtain an overview of the company’s financial status and predict future financial development. Therefore, it is necessary to access the basic information about a financial report first.

Reporting 52

Reporting Dashboards KPI Metrics 52

CIO Business Intelligence

AUGUST 1, 2023

These risks, as well as other risks related to the proposed transaction, are included in the registration statement on Form S-4 and proxy statement/prospectus that has been filed with the Securities and Exchange Commission (“SEC”) in connection with the proposed transaction.

Uncertainty 82

Uncertainty Risk Sales Marketing 82

IBM Big Data Hub

JANUARY 29, 2024

Business continuity and disaster recovery plans are risk management strategies that businesses rely on to prepare for unexpected incidents. When deployed effectively, a good DR plan can help stakeholders better understand the risks to regular business functions that a particular threat may pose.

Cost-Benefit 92

Cost-Benefit Risk Enterprise Advertising 92

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