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 123

Strategy Risk Measurement IT 123

DataRobot Blog

APRIL 29, 2022

This provides a great amount of benefit, but it also exposes institutions to greater risk and consequent exposure to operational losses. The stakes in managing model risk are at an all-time high, but luckily automated machine learning provides an effective way to reduce these risks.

Risk 111

Risk Modeling IT Risk Management 111

CIO Business Intelligence

MAY 17, 2022

Even if the AI apocalypse doesn’t come to pass, shortchanging AI ethics poses big risks to society — and to the enterprises that deploy those AI systems. The following real-world implementation issues highlight prominent risks every IT leader must account for in putting together their company’s AI deployment strategy.

Risk 144

Risk Consulting Machine Learning Data Science 144

Smart Data Collective

DECEMBER 26, 2022

Let’s get started with a comprehensive cybersecurity strategy for your small business. The first step of a well-planned cybersecurity strategy is identifying the avenues of attack in your system. Before prioritizing your threats, risks, and remedies, determine the rules and regulations that your company is obliged to follow.

Strategy 131

Strategy Testing Risk Software 131

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. says CIOs should apply agile processes to their gen AI strategy. It’s not a hammer.

Strategy 97

Strategy Risk Enterprise Risk Management 97

Smart Data Collective

JANUARY 21, 2021

Therefore, to mitigate the risk of losing essential data forever in a data breach or other crisis, every competitive firm should work on its backup strategy to keep such information safe from violation. Now let’s find out why having a working backup strategy is so important. What Are the Potential Risks for Your Business?

Strategy 125

Strategy Risk Software Enterprise 125

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 121

Risk Management Measurement Optimization 121

CIO Business Intelligence

APRIL 30, 2024

The law will create new mandates for organizations to validate, monitor, and audit the entire AI lifecycle, says Kjell Carlsson, head of AI strategy at Domino Data Lab, a data science and AI company. EU residents will have a right to submit complaints about high-risk AI systems and receive explanations about decisions.

IT 96

IT Risk Data-driven Modeling 96

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

CIO Business Intelligence

DECEMBER 13, 2022

Our digital transformation strategy is centered around establishing a consumer-oriented model that helps us customize chronic care management based on the ever-changing conditions of each patient.” Tim Scannell: How much of a role do technologies like data analytics and AI play in DaVita’s overall technology and business strategy?

Strategy 97

Strategy Technology Digital Transformation Data Lake 97

CIO Business Intelligence

APRIL 1, 2024

The research cited a lack of talent and skills to work with the technology (62%), unclear AI and GenAI investment priorities (47%), and the absence of a strategy for responsible AI (41%) as the top three obstacles. Reach consensus on strategy. Low-cost proof-of-concepts can help you reduce the risk of overprovisioning.

Data Lake 130

Data Lake Consulting Uncertainty Risk 130

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 135

IT Risk Cost-Benefit Risk Management 135

Alation

OCTOBER 5, 2021

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. Yet, so many companies today are still failing miserably in implementing data strategy and governance protocols.

Data Governance 96

Data Governance Strategy Data Quality Metrics 96

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

IBM Big Data Hub

FEBRUARY 22, 2024

The IBM AI Ethics Board publication Foundation models: Opportunities, risks and mitigations addresses those concerns and explores the technology’s benefits, risks, guardrails, and mitigations. Known risks from prior or earlier forms of AI systems. Known risks from prior or earlier forms of AI systems.

Modeling 67

Modeling Risk Strategy Enterprise 67

CIO Business Intelligence

DECEMBER 19, 2023

This year’s technology darling and other machine learning investments have already impacted digital transformation strategies in 2023 , and boards will expect CIOs to update their AI transformation strategies frequently. These workstreams require documenting a vision, assigning leaders, and empowering teams to experiment.

Digital Transformation 142

Digital Transformation Unstructured Data Machine Learning Risk Management 142

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

MARCH 3, 2024

And only 45 percent of CISOs were very or somewhat concerned about the risks of unsecured printers, compared to 72 percent of CIOs. Quocirca said this disconnect between the views of CIOs and CISOs on print security could prevent companies from determining the true level of risk. Using zero trust.

IT 107

IT Measurement Risk Testing 107

CIO Business Intelligence

FEBRUARY 9, 2024

Digital Athlete is a platform that leverages AI and machine learning (ML) to predict from plays and body positions which players are at the highest risk of injury. million video frames and documents about 100 million locations and positions of players on the field. During each week of games, Digital Athlete captures and processes 6.8

Recreation/Entertainment 133

Recreation/Entertainment Data-driven Risk Digital Transformation 133

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

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 119

Management Consulting Risk Strategy 119

Jet Global

NOVEMBER 3, 2020

Being profitable and delivering the most value to shareholders starts with having a robust tax planning strategy that enables you to keep more of your hard-earned money while ensuring compliance with every tax district—and keeping your reputation intact. Risk Mitigation and Corporate Social Responsibility. Digital Transformation.

Strategy 84

Strategy Digital Transformation Software Cost-Benefit 84

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

bridgei2i

NOVEMBER 25, 2020

Automated Sales & Underwriting Strategies can Transform Insurance. One of the major repercussions of the COVID-19 pandemic in financial sectors has been the increase in awareness about insurable risks across categories and markets. The more data an underwriter has at his disposal, the more accurately he will be able to assess risk.

Insurance 52

Insurance Sales Strategy Digital Transformation 52

CIO Business Intelligence

APRIL 12, 2024

Representatives from Goldman Sachs, JP Morgan Chase, and Morgan Stanley did not immediately respond to requests for comment on their companies’ plans to implement AI or its potential to change their hiring strategies.

Experimentation 143

Experimentation Reporting Testing Statistics 143

CIO Business Intelligence

MAY 23, 2023

By extending our multi-cloud strategy, we will invest in extending Vmware’s software stack to run and manage workloads across private and public clouds, which means any enterprise can run application workloads easily, securely, and seamlessly on-prem, or in any cloud platform they prefer.

Uncertainty 137

Uncertainty Cost-Benefit Risk Technology 137

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. I collaborate with multiple stakeholders across many global companies enabling high impact business transformation strategies, and guiding them in their analytics journey. Management.

Risk Management 128

Risk Management Risk Enterprise Management 128

O'Reilly on Data

NOVEMBER 29, 2022

While it’s unlikely that the bill will become law, merely raising the possibility of criminal prosecution and jail time has upped the ante for “ commercial entities that operate high-risk information systems or automated-decision systems, such as those that use artificial intelligence or machine learning.”. Who will watch the watchmen?

Machine Learning 278

Machine Learning Recreation/Entertainment Risk Testing 278

IBM Big Data Hub

FEBRUARY 13, 2024

For example, organizations can use generative AI to: Quickly turn mountains of unstructured text into specific and usable document summaries, paving the way for more informed decision-making. Invest in data hygiene and collection strategies to keep your engine running smoothly. Automate tedious, repetitive tasks.

Enterprise 127

Enterprise Modeling Testing Data-driven 127

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

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

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.

Cost-Benefit 75

Cost-Benefit Testing Machine Learning Optimization 75

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 99

Reporting Cost-Benefit Internet of Things Data-driven 99

DataKitchen

JANUARY 18, 2023

Data Engineers take similar risks when they over-complicate their code or tack on extraneous processes at the wrong points in a critical path build. As data engineers, we strive to divide our grumbling equally between the awful documentation we must decipher and the hassle of documentation we have to produce.

Testing 130

Testing Data-driven Risk Strategy 130

CIO Business Intelligence

MAY 2, 2023

Despite the best of intentions, CIOs and their organizations often struggle to deliver business outcomes from digital transformation strategies. And while KPMG reports that 72% of CEOs have aggressive digital investment strategies, McKinsey details a harsh reality that 70% of transformations fail. Five years ago, I shared that the No.

Digital Transformation 138

Digital Transformation IT Data-driven Metrics 138

CIO Business Intelligence

FEBRUARY 7, 2024

API-first strategies on the rise APIs are ubiquitous within modern software architectures, working behind the scenes to facilitate myriad connected capabilities. “As APIs remain central to tech strategy and are more vital than ever due their use by LLMs, including OpenAI plugins,” says O’Neill.

Business Objectives 124

Business Objectives Cost-Benefit Strategy Data-driven 124

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