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3 key digital transformation priorities for 2024

CIO Business Intelligence

First, enterprises have long struggled to improve customer, employee, and other search experiences. Improving search capabilities and addressing unstructured data processing challenges are key gaps for CIOs who want to deliver generative AI capabilities.

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Driving Success With a Modern Data Architecture and a Hybrid Approach in the Financial Services and Telco Industries

Cloudera

Similarly, data should be treated as a corporate asset with a dedicated long-term strategy that lets the organization store, manage, and utilize its data effectively. Most importantly, it helps organizations control costs and reduce risks, enforcing consistent security and governance across all enterprise data assets.”.

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7 IT governance mistakes — and how to avoid them

CIO Business Intelligence

Everybody makes mistakes, but when a CIO messes up, the consequences can be devastating to the instigator, as well as the entire IT department and enterprise. CIOs frequently launch strategic initiatives without fully considering all the risks involved. Failing to fully align IT governance with enterprise governance.

IT 109
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5 Ways AI Is Transforming The Finance Industry

bridgei2i

The AI-backed interface enables the lender to ensure if the applicants are at high default risks. AI And Risk Management. AI can conduct in-depth analysis, generate reports, and simulate investment scenarios to identify the risks in the system. It allows traders to establish specific rules for trade entries and exits.

Finance 52
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NeoBanks – The New Age Tech Revolutionizing AI in Banking

bridgei2i

Today, with AI, more sophisticated rules can be developed which address the sparse data problems by factoring in alternate and behavioural data such as smart phone usage and payment behaviour. With AI, apart from the quantitative data, unstructured data systems can be assessed for risk management.

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Modeling 101: How It Works and Why It’s Important

Domino Data Lab

You expose the algorithm to training data, let the model analyze the output and adjust parameters until it achieves the desired goal. Unsupervised learning: the model is free to explore data and to identify patterns between variables. This is useful for grouping unstructured data based on statistical properties.

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Commercial Lines Insurance- the End of the Line for All Data

Cloudera

In the days of Lloyd’s Coffee House , insurers gathered data about cargo, voyages, seasonal weather and the performance history of vessels and mariners to underwrite risks. The data was not created by the underwriters; it all was sourced from the insured enterprises, industry-specific sources or associated third parties.