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

DECEMBER 11, 2023

Traditionally, the work of the CFO and the finance team was focused on protecting the company’s assets and reputation and guarding against risk. While these roles will not change, the foundational work of the finance organization, the structure, the import, and the focus of these dimensions will change.

Finance 105

Finance Forecasting IoT Predictive Modeling 105

CIO Business Intelligence

MAY 3, 2024

During pilot testing, UPS earned 50% reduction in the time agents spent resolving e-mails. Firms are very concerned that without applying genAI to customer-facing apps, they are at high risk of disruption.” United Parcel Service last year turned to generative AI to help streamline its customer service operations.

Testing 140

Testing Sales Enterprise Digital Transformation 140

DataRobot Blog

JUNE 3, 2022

AI is touching our lives and societies in ways that no other technology has before, from improving human efficiency in the Health , Finance , and Communication sectors, to allowing humans to focus on other important decision-making tasks that machines cannot yet safely or creatively tackle. When is enough ever enough? INDUSTRY ANALYST REPORT.

Risk 52

Risk Predictive Modeling Modeling Technology 52

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

JANUARY 18, 2024

Optimism aside, the true test is in how well organizations will master the changes to the nature of work that AI enables. Nearly a third (29%) of CEOs are dissatisfied with their organization’s speed of innovation, capabilities in risk management, and talent acquisition and retention rates. Artificial Intelligence

Finance 126

Finance Machine Learning Risk Management Optimization 126

IBM Big Data Hub

SEPTEMBER 28, 2023

To provide even deeper domain expertise, the Granite family of models was trained on enterprise-relevant datasets from five domains: internet, academic, code, legal and finance, all scrutinized to root out objectionable content, and benchmarked against internal and external models. for clients and partners to work with.

Testing 95

Testing Finance Enterprise Modeling 95

IBM Big Data Hub

JANUARY 19, 2024

Enterprises without disaster recovery strategies in place are risking costs and penalties that could far outweigh the money saved by not investing in the solution. Step 2: Perform a risk analysis Threats vary greatly depending on your industry and the type of business you run. million—a 15% increase over the last 3 years.

Strategy 103

Strategy Cost-Benefit Testing Risk 103

bridgei2i

NOVEMBER 20, 2020

Episode 2: AI enabled Risk Management for FS powered by BRIDGEi2i Watchtower. AI enabled Risk Management for FS powered by BRIDGEi2i Watchtower. Today the Chief Risk Officers(CROs) struggle with the critical task of monitoring and assessing key risks in real time and firefight to mitigate any critical issues that arise.

Risk Management 92

Risk Management Risk Management Metrics 92

Domino Data Lab

AUGUST 6, 2021

All models require testing and auditing throughout their deployment and, because models are continually learning, there is always an element of risk that they will drift from their original standards. The primary focus of model governance involves tracking, testing and auditing. First is the data the model is using.

Machine Learning 145

Machine Learning Modeling Testing Risk 145

CIO Business Intelligence

MAY 11, 2022

CIOs must also account for the criticality and timing of each business process, from front-office processes such as sales and customer service to back-office processes such as operations, human resources and finance. Implement more disciplined validation and testing. Technology touches all stakeholders.

Management 98

Management Testing Insurance Finance 98

CIO Business Intelligence

MARCH 25, 2024

This article explores how CIOs can address each of their CFO’s key concerns when moving away from project-based teams to persistent funding, including the need to better track ROI, reduce risk, and reduce cost. This approach enabled Finance and business stakeholders to use data insights to see the metrics move as the year progressed.

Modeling 124

Modeling Cost-Benefit IT ROI 124

IBM Big Data Hub

FEBRUARY 6, 2024

Stronger compliance: Heavily regulated sectors like healthcare and personal finance levy large financial penalties when customer data is breached. Step 2: Perform a risk analysis Conducting a sound risk analysis (RA) is a critical step towards creating an effective DRP.

Cost-Benefit 100

Cost-Benefit Testing Risk Strategy 100

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.”.

Machine Learning 278

Machine Learning Recreation/Entertainment Risk Testing 278

Jet Global

JANUARY 6, 2021

Getting to the cloud, though, will require one more big project, with all of the cost, complexity, and risk that go along with such endeavors. How can businesses manage the process to achieve positive results while maintaining budget and risks within acceptable parameters? Deploy a Test Environment.

Cost-Benefit 98

Cost-Benefit Testing Finance Reporting 98

CIO Business Intelligence

JANUARY 4, 2024

In the fast-evolving world of finance, data security is of paramount importance. The notion of pattern exists beyond IT in areas that a PCI security assessment touches, such as employee pre-employment practices, awareness security training, risk assessment methodology, or third-party service provider management.

Optimization 105

Optimization Cost-Benefit Reporting Enterprise 105

CIO Business Intelligence

NOVEMBER 14, 2023

Without a clear cloud strategy and broad leadership support, even value-adding cloud investments may be at risk. This makes cloud costs a target for finance teams and executives.” There are other risks, too. Cloud costs will often — and rapidly — become large line items on budgets. Do we have the right talent in place?

Strategy 145

Strategy Cost-Benefit IT Key Performance Indicator 145

CIO Business Intelligence

JULY 7, 2023

How does the NACD help its members prepare for and manage cyber risk? We have a formal Cyber-Risk Oversight Certificate Program for our members, created in partnership with the CERT Division of the Software Engineering Institute at Carnegie Mellon University and Ridge Global. Does it maintain relevance and understand risks?

Risk 116

Risk Finance Technology Strategy 116

CIO Business Intelligence

OCTOBER 17, 2022

In fact, under DORA, the complexity of the supply chain or the lack of EU presence are both considered risk factors. Financial institutions accustomed to a regulatory environment primarily designed to assess financial risk and stability will now have to take the potential risk posed by their ICT operations just as seriously.

Risk Management 105

Risk Management Risk Enterprise Testing 105

CIO Business Intelligence

SEPTEMBER 29, 2023

Joule is embedded in our business applications, from HR and finance, to supply chain, procurement, and customer experience, as well as into SAP Business Technology Platform. CIOs are however, understandably concerned about the operational and development risks associated with GenAI.

Machine Learning 131

Machine Learning Finance Strategy Testing 131

Cloudera

JUNE 13, 2023

The bank offerings include standard deposit and lending services, credit cards, wealth management, agribusiness finance and insurance, and foreign exchange services for other financial institutions. The approach offered lower risks and allowed for comprehensive platform and application testing.

Data-driven 77

Data-driven Analytics Insurance Digital Transformation 77

CIO Business Intelligence

JULY 31, 2023

Annual or not, like running with the bulls in Pamplona, this exercise never fails to test your mettle and often leaves you staring frantically at the page and wondering: how do I tell this story? What major challenges and risks stand between the current state and the vision? Test and refine your hypothesis as a group.

Strategy 98

Strategy IT Cost-Benefit Finance 98

CIO Business Intelligence

JULY 13, 2022

Across the globe, cloud concentration risk is coming under greater scrutiny. The UK HM Treasury department recently issued a policy paper “ Critical Third Parties to the Finance Sector.” The paper references the cloud concentration risk concerns raised by the Bank of England in previous research. We all know the drill. .

Insurance 98

Insurance Risk Marketing Data Processing 98

IBM Big Data Hub

APRIL 22, 2024

Modularity : Deployable architecture follows a modular design pattern, where different components or services are isolated and can be developed, tested and deployed independently. This allows for easier management and reduces the risk of dependencies causing deployment issues.

Manufacturing 71

Manufacturing Data Processing Finance Software 71

CIO Business Intelligence

AUGUST 23, 2023

That need for complex mathematical modeling at scale makes the finance industry a perfect candidate for the promise of quantum computing, which makes (extremely) quick work of computations, including complex ones, delivering results in minutes or hours instead of weeks and months.

IT 97

IT Machine Learning Risk Optimization 97

IBM Big Data Hub

JANUARY 30, 2024

Finance: Optimized for high-speed transactions and can assist in providing robust security, harnessing AI for fraud detection and real-time risk management. Automotive: Process vast amounts of data to support the design, development, testing and operation of connected and autonomous vehicles.

Manufacturing 81

Manufacturing Business Objectives Optimization Risk Management 81

Cloudera

JUNE 22, 2022

Across the globe, cloud concentration risk is coming under greater scrutiny. The UK HM Treasury department recently issued a policy paper “ Critical Third Parties to the Finance Sector.” The paper references the cloud concentration risk concerns raised by the Bank of England in previous research. We all know the drill. .

Insurance 83

Insurance Risk Marketing Data Processing 83

Smart Data Collective

OCTOBER 8, 2021

Modern machine learning and back-testing; how quant hedge funds use it. Similarly, hedge funds often use modern machine learning and back-testing to analyze their quant models. Here, the models get tested using historical data to evaluate their profitability. And their risks before the organizations invest real money.

Machine Learning 115

Machine Learning Testing Strategy Modeling 115

CIO Business Intelligence

MARCH 9, 2022

Addressing observability in the cloud, adopting and scaling your SRE [site reliability engineering] capabilities, the use of chaos testing, and ensuring proper resiliency testing is completed [are] critical to meet the availability expectations of the end user,” he says. Cloud-native is much more than just technology,” Rubina says.

Strategy 145

Strategy Consulting Risk Testing 145

CIO Business Intelligence

APRIL 11, 2024

Oracle’s cloud pitch Kevin Thompson, CEO at Tricentis, a provider of testing and engineering products, sees Oracle as a solid contender in the enterprise cloud space, thanks to its key differentiation from more established rivals. The inherent risk is trust. Oracle requires all Fusion customers to upgrade every quarter,” he says.

Enterprise 124

Enterprise IT Data Processing Strategy 124

CIO Business Intelligence

FEBRUARY 14, 2023

Over the course of a year, he discussed the requirements with executives in charge of finance, procurement, and supply chain, among others, before settling on a course of action. We had to do a lot of functional testing to make sure.” And the argument in favor of the brownfield migration has stood the test.

Data Processing 98

Data Processing Cost-Benefit Testing Modeling 98

O'Reilly on Data

APRIL 22, 2020

Three months ago, Apple released a new credit card in partnership with Goldman Sachs that aimed to disrupt the highly regulated world of consumer finance. Apple is a great producer of computer hardware, while Goldman knows finance and its complex rules backwards and forwards.

Cost-Benefit 249

Cost-Benefit Finance Strategy Data-driven 249

Jet Global

JANUARY 4, 2021

For many organizations, a frequent complaint related to financial planning has been the level of disconnect that sometimes exists between Finance and Operations. Coronavirus was a frighteningly effective stress test in many ways for organizations’ resilience. Speed was one of the main qualities tested. Want to learn more?

Forecasting 98

Forecasting Finance Testing Sales 98

Cloudera

DECEMBER 11, 2020

Insurance and finance are two industries that rely on measuring risk with historical data models. To facilitate risk modeling in this new normal, agility and flexibility is required. Data Variety. This will only become more important as we move into 2021 and a post-pandemic new normal.

Insurance 93

Insurance Digital Transformation Unstructured Data Machine Learning 93

CIO Business Intelligence

JUNE 22, 2022

Unfortunately, many organizations find themselves susceptible to the tactics used by consultants to manage their risk and optimize a commercial arrangement to their benefit. For example, the consultant will seek to test the strength of their relationship with executive leadership against the strength of the program leadership team.

Consulting 128

Consulting Uncertainty Cost-Benefit Risk 128

Jet Global

SEPTEMBER 18, 2020

In a world built on complex and globalized supply chains, COVID-19 tested that internal agility, sometimes to breaking point. These teams were responsible for pulling the levers across company portfolios to minimize undue global tax risk during the volatility that COVID-19 created, and will continue to produce. Leaders and laggards.

Finance 98

Finance Risk Reporting Technology 98

CIO Business Intelligence

DECEMBER 13, 2023

We reorganized in 2017 and then also decided to create certain central staffs — finance, sustainability, M&A and IT,” says Mårten Steen, CIO at Axel Johnson International. Then they let one of the company’s business areas test it by asking any question. “We But at the same time there’s also risk.

IT 104

IT Unstructured Data Cost-Benefit Data Warehouse 104