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.

Strategy 98

Strategy Risk Enterprise Risk Management 98

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 143

Experimentation Reporting Testing Statistics 143

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. Doing penetration testing. Using zero trust.

IT 111

IT Measurement Risk Testing 111

DataKitchen

JANUARY 18, 2023

Good testing, like exercise and veganism, is the subject of fervent talk and half-hearted action. There are lots of reasons good people test inadequately. Testing is intrinsic to the job. . By automating your tests, then running them with each refresh, you build in safety valves for your data pipeline. . Of course not.

Testing 130

Testing Data-driven Risk Strategy 130

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 143

Digital Transformation Unstructured Data Machine Learning Risk Management 143

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It would also empower linguists to translate historical documents.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project could help collect all those materials in one place, giving everyone access to instant copies of these vital historical documents.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

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 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 122

Enterprise Modeling Testing Data-driven 122

IBM Big Data Hub

NOVEMBER 24, 2023

Application modernization starts with assessment of current legacy applications, data and infrastructure and applying the right modernization strategy (rehost, re-platform, refactor or rebuild) to achieve the desired result. Subsequent phases are build and test and deploy to production.

Cost-Benefit 95

Cost-Benefit Testing Data-driven Enterprise 95

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

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 139

IT Digital Transformation Software Risk 139

IBM Big Data Hub

FEBRUARY 6, 2024

Organizations that neglect to develop reliable cyber and disaster recovery strategies expose themselves to a broad range of threats that can have devastating consequences. A strong cyber recovery strategy includes a detailed plan that outlines how an organization will respond to a disruptive cyber incident. But what about cyberattacks?

Cost-Benefit 93

Cost-Benefit Testing Risk Strategy 93

CIO Business Intelligence

DECEMBER 7, 2023

Still, a disaster recovery plan is part of the overall strategy to ensure business continuity, and the business continuity plan should inform the action items detailed in an organization’s disaster recovery plan. There’s no better test of your capability to do so than right after an adverse event.

Testing 124

Testing Risk Management Strategy 124

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. It offers more control and flexibility for comprehensive testing and validation.

Cost-Benefit 78

Cost-Benefit Testing Strategy Risk Management 78

CIO Business Intelligence

SEPTEMBER 7, 2023

Additionally, related issues during use are risk of hallucinations and prompt engineering. Additionally, it’s paramount within the financial services sector to ensure responsible AI and adherence to regulatory guidance for model risk. Exploiting technology vulnerabilities.

Risk Management 96

Risk Management Risk Testing Digital Transformation 96

CIO Business Intelligence

SEPTEMBER 23, 2022

Although traditional cybersecurity practices were designed to keep cybercriminals out and BC/DR focused on recoverability, cyberresilience aligns the strategies, tactics, and planning of these traditionally siloed disciplines. Enable the business to take risk; don’t prevent them from being efficient,” he advises.

Risk 89

Risk Testing Strategy Forecasting 89

Smart Data Collective

SEPTEMBER 17, 2020

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 141

Big Data Finance Risk Management Risk 141

CIO Business Intelligence

OCTOBER 3, 2023

They enable greater efficiency and accuracy and error reduction, better decision making, better compliance and risk management, process optimisation and greater agility. Process optimisation: processes are examined, re-engineered, standardised and carefully tested prior to being automated processes.

Cost-Benefit 121

Cost-Benefit Machine Learning Interactive Software 121

CIO Business Intelligence

JANUARY 9, 2024

ChatGPT caused quite a stir after it launched in late 2022, with people clamoring to put the new tech to the test. To get past those points, Colisto worked to educate leaders about the capabilities and risks of AI, seeking to move the company from “no to know.” What is our appetite for risk and how do we address it?

IT 138

IT Risk Cost-Benefit Enterprise 138

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 90

Cost-Benefit Risk Enterprise Advertising 90

CIO Business Intelligence

MARCH 8, 2023

Although traditional cybersecurity practices were designed to keep cybercriminals out and BC/DR focused on recoverability, cyberresilience aligns the strategies, tactics, and planning of these traditionally siloed disciplines. Enable the business to take risk; don’t prevent them from being efficient,” he advises.

Risk 59

Risk Testing Strategy Forecasting 59

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 130

Measurement Risk Strategy Statistics 130

CIO Business Intelligence

DECEMBER 11, 2023

Companies need both a practical plan and a transparent communications strategy in their response.” The need to secure sensitive information is paramount for ethical AI deployment because AI’s heavy dependency on data increases the risk of breaches and unauthorized access, Wollersheim says. We intend to implement it in Q1 2024.”

Modeling 131

Modeling Risk Strategy Software 131

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 98

Risk Cost-Benefit Strategy Experimentation 98

CIO Business Intelligence

MARCH 13, 2024

So when on-boarding potential vendors, productivity has increased by 70 to 80% as a result of using gen AI to help analyze masses of documents. “We We did side-by-side testing,” he says. In testing, gen AI was also particularly good at generating test cases and creating dummy data for testing.

IT 128

IT Consulting Testing Cost-Benefit 128

CIO Business Intelligence

SEPTEMBER 1, 2023

The capacity to generate the SOW contracts and effectively manage services spend depended upon the region since each was reliant on different processes and documentation requirements. Inadequate services spend visibility also increased exposure to local legal and regulatory risks.

Management 98

Management Digital Transformation Consulting Reporting 98

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. The Data Management Association (DAMA) International defines it as the “planning, oversight, and control over management of data and the use of data and data-related sources.”

Data Governance 142

Data Governance Management Metadata Data Quality 142

erwin

OCTOBER 8, 2020

And you can’t risk false starts or delayed ROI that reduces the confidence of the business and taint this transformational initiative. But even with the “need for speed” to market, new applications must be modeled and documented for compliance, transparency and stakeholder literacy.

Data Governance 145

Data Governance Metadata Testing Data Lake 145

Jen Stirrup

MAY 21, 2024

I am joining the webinar as an attendee so I can get out in front of the risks. Organisations do not always back up and test restoration of databases efficiently. It is best to get a generative AI backup and restore strategy in place before you need it. AI generates lots of data, as well as ingesting data.

IT 63

IT Measurement Internet of Things Data-driven 63

O'Reilly on Data

DECEMBER 12, 2019

1] This includes C-suite executives, front-line data scientists, and risk, legal, and compliance personnel. These recommendations are based on our experience, both as a data scientist and as a lawyer, focused on managing the risks of deploying ML. 6] Debugging may focus on a variety of failure modes (i.e., Sensitivity analysis.

Machine Learning 191

Machine Learning Modeling Testing Risk Management 191

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 58

Cost-Benefit Risk Management Risk Digital Transformation 58

CIO Business Intelligence

JANUARY 22, 2024

Key to these efforts are advances in Century’s automation strategy and forays into generative AI. The first is having a clearly defined strategy on where the company wants to go, and the second is ensuring IT is prepared to execute.

Strategy 102

Strategy Technology Enterprise Business Objectives 102

O'Reilly on Data

JULY 28, 2020

Product Managers are responsible for the successful development, testing, release, and adoption of a product, and for leading the team that implements those milestones. This isn’t always simple, since it doesn’t just take into account technical risk; it also has to account for social risk and reputational damage.

Marketing 362

Marketing Experimentation Metrics Testing 362

CIO Business Intelligence

OCTOBER 31, 2023

IT should maintain constant engagement with the enterprise sales team, says Vashisht, who recommends reaching a mutual agreement that both IT and sales team members should feel safe to fail as they test and evaluate new ideas. Team members must accurately answer customer questions as soon as possible or risk losing sales.

Sales 125

Sales IT Enterprise Technology 125

CIO Business Intelligence

OCTOBER 5, 2023

As chief digital and technology officer at CBRE, Davé recognized early that the commercial real estate industry was ripe for AI and machine learning enhancements, and he and his team have tested countless use cases across the enterprise ever since. This is partly why partnerships have been integral to CBRE’s strategy.

Experimentation 130

Experimentation Strategy Machine Learning Interactive 130

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. “As

Risk 141

Risk Manufacturing Enterprise Technology 141