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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. Organizations need to be cautious, however, not to copy from another organization.

Risk 75
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Building for operational resilience in the age of AI and hybrid cloud

IBM Big Data Hub

Prioritizing operational resiliency In our view, the essence of operational resilience is an assumption that disruption is inevitable, and organizations must have measures in place to be able to absorb and adapt to any shocks. This includes cyber incidents, technology failures, natural disasters and more. Similarly, in the U.S.

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How to Gain Greater Confidence in your Climate Risk Models

Cloudera

As governments gather to push forward climate and renewable energy initiatives aligned with the Paris Agreement and the UN Framework Convention on Climate Change, financial institutions and asset managers will monitor the event with keen interest. What are the key climate risk measurements and impacts? Assess Variables.

Risk 82
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Who is Ready for Climate Disclosures?

Cloudera

In the various discussions I had over the two-day event, climate change appears to be the more clearly defined ESG initiative for most organizations. Climate Risk Measuring and Modeling. What third party data is needed to model climate risk? What were some of your key observations from the discussions at the event?

Risk 89
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Climate change examples

IBM Big Data Hub

The impacts of climate change may be organized into three categories: Intensifying extreme weather events Changes to natural ecosystems Harm to human health and well-being Extreme weather events While climate change is defined as a shift in long-term weather patterns, its impacts include an increase in the severity of short-term weather events.

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In the corner office, fear of GenAI risk outweighs the lure of its promise

CIO Business Intelligence

Whether an IT glitch grounded the flight you were relying on, interrupted the stream of a live sporting event you subscribed to, or made it impossible to access your trading account, these issues likely led to your dissatisfaction. Management teams and Boards are rethinking every part of their business strategies.

Risk 52
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Combine transactional, streaming, and third-party data on Amazon Redshift for financial services

AWS Big Data

Amazon Redshift features like streaming ingestion, Amazon Aurora zero-ETL integration , and data sharing with AWS Data Exchange enable near-real-time processing for trade reporting, risk management, and trade optimization. Apart from generating regulatory reports, these teams require visibility into the health of the reporting systems.