CIO Business Intelligence

MARCH 12, 2024

Here are three strategies for getting it done. When this happens, corporate risk is heightened as preemptive projects get delayed — sometimes for indefinite periods of time. CIOs can change this thinking by incorporating preemptive projects like disaster recovery into their corporate risk management strategies.

ROI 122

ROI IT Manufacturing Metrics 122

IBM Big Data Hub

MARCH 20, 2024

This is evident from emerging regulatory requirements and expectations in UK (Bank of England’s Critical Third-Party regime), Europe (Digital Operational Resilience Act)), Australia (APRA CPS-230 Operational Risk Management) and Canada (OSFI – Operational Resilience and Operational Risk Management), etc.

Risk Management 78

Risk Management Risk Enterprise Business Services 78

CIO Business Intelligence

APRIL 5, 2024

This year, lawmakers in the state are considering Senate Bill 2 , which would require organizations deploying AI for consequential “high-risk” decisions to develop risk management policies. You really can’t understand your risk posture if you don’t understand what AI tools you’re using,” she says.

Risk 115

Risk Interactive Insurance Strategy 115

IBM Big Data Hub

JANUARY 16, 2024

What generative AI has done is open a new world of innovations that can help personalize financial planning and investment management. One example of this is in insurance. Learn more about hybrid cloud for financial services Trend: Cybersecurity risk management AI brings about more challenges, especially when it comes to cyber risks.

Risk Management 51

Risk Management Insurance Cost-Benefit Risk 51

DataRobot Blog

APRIL 29, 2022

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. However, after the financial crisis, financial regulators around the world stepped up to the challenge of reigning in model risk across the financial industry.

Risk 111

Risk Modeling IT Risk Management 111

IBM Big Data Hub

FEBRUARY 15, 2024

Meanwhile, insurance companies are increasingly declining to provide property insurance in areas vulnerable to extreme weather, leaving homeowners there at greater financial risk. Explore sustainability strategy Learn about climate and weather risk management The post Climate change examples appeared first on IBM Blog.

Insurance 64

Insurance Risk Strategy Risk Management 64

AWS Big Data

FEBRUARY 1, 2024

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.

Data Warehouse 119

Data Warehouse Dashboards Risk Management Risk 119

CIO Business Intelligence

MAY 11, 2022

Asking the right questions to understand the business’ strategy and implementing architecture that supports the technology of the future is fundamental. Understanding business requirements, from technology recovery requirements to data loss tolerance, enables a dynamic technology strategy that morphs with the changing needs of the business.

Management 91

Management Testing Insurance Finance 91

CIO Business Intelligence

OCTOBER 17, 2022

It’s designed to strengthen the security of EU financial firms, such as banks, insurance companies, investment firms and more, by imposing resilience requirements and regulating the supply chain. DORA requires EU financial institutions to assess their own cybersecurity and risk management maturity. Meeting the Challenges.

Risk Management 101

Risk Management Risk Enterprise Testing 101

IBM Big Data Hub

FEBRUARY 13, 2024

Invest in data hygiene and collection strategies to keep your engine running smoothly. Healthcare, insurance and education are more hesitant due to the legal and compliance efforts to which they must adhere—and the lack of insight, transparency and regulation in generative AI. Garbage in, garbage out.

Enterprise 122

Enterprise Modeling Testing Data-driven 122

John Wheeler

OCTOBER 21, 2019

A common theme is the need for greater risk quantification beyond the realm of traditional, qualitative governance, risk and compliance (GRC) approaches. Digital Risk Management – Gartner. These plans help inform the decision to purchase cyber insurance and determine the amount of coverage needed.

Risk 53

Risk Risk Management Digital Transformation Insurance 53

CIO Business Intelligence

MARCH 22, 2022

Chandegara has over 20 years’ experience in managing IT and communication systems. He has assisted the top management in planning IT strategies and leveraging technologies for rationalizing manpower, enhancing organizational productivity, and improving the efficiency of operations. February 2022. Amit Goel joins Blox as CTO.

Internet Publishing and Broadcasting 98

Internet Publishing and Broadcasting Digital Transformation Insurance Recreation/Entertainment 98

IBM Big Data Hub

OCTOBER 9, 2023

Unified endpoint management (UEM) and medical device risk management concepts go side-by-side to create a robust cybersecurity posture that streamlines device management and ensures the safety and reliability of medical devices used by doctors and nurses at their everyday jobs.

Risk Management 83

Risk Management Risk Management Measurement 83

Cloudera

SEPTEMBER 7, 2023

The Danger of Black-Box AI Solutions We believe the best, most pragmatic solution for AI in financial services and insurance is what we call–“Trusted AI.” proprietary data, business strategies, methodologies, etc. AI-ify risk management. First , there’s the challenge of protecting one’s business-critical IP—e.g.,

Insurance 78

Insurance Risk Data-driven Modeling 78

CIO Business Intelligence

MARCH 13, 2024

At Gallagher, a global insurance brokerage, risk management, and consulting services firm, executive search practice managing director Tom Wilson says his team uses gen AI for research and written communications. It’s a collaborator that never tires and always has the bandwidth to help, he adds.

IT 127

IT Consulting Testing Cost-Benefit 127

BizAcuity

JULY 26, 2021

According to the 2019 report by Flexera enterprises with a hybrid strategy grew to 58% in 2019 from 51% in 2018. A hybrid cloud environment aids in workload mobility, integration, and management across multiple computing environments. Improved security and risk management. What is a hybrid cloud?

IT 52

IT Cost-Benefit Data Processing Risk 52

DataRobot Blog

NOVEMBER 17, 2022

What’s your AI risk mitigation plan? Just as you wouldn’t set off on a journey without checking the roads, knowing your route, and preparing for possible delays or mishaps, you need a model risk management plan in place for your machine learning projects. Enterprise Ready AI: Managing Governance and Risk.

Risk Management 52

Risk Management Risk Modeling Management 52

Cloudera

FEBRUARY 15, 2024

While there are clear reasons SVB collapsed, which can be reviewed here , my purpose in this post isn’t to rehash the past but to present some of the regulatory and compliance challenges financial (and to some degree insurance) institutions face and how data plays a role in mitigating and managing risk.

Insurance 82

Insurance Data Architecture Risk Management Risk 82

Smart Data Collective

SEPTEMBER 25, 2019

million penalty for violating the Health Insurance Portability and Accountability Act, more commonly known as HIPAA. Indeed, encryption alone does not guarantee this, but it’s something you can and should use as part of an overall strategy. Only 13% said they did not have a strategy at all.

Technology 86

Technology Statistics Strategy Insurance 86

CDW Research Hub

FEBRUARY 14, 2020

As a prerequisite, your organization must already have governance and risk management teams, which will define the company policies and set compliance standards from which you can establish procedures. They will also define what is or isn’t acceptable with regard to risk, and what type of compliance your organization needs.

Risk 52

Risk Reporting Measurement Insurance 52

IBM Big Data Hub

JULY 7, 2023

Learn how to create a holistic data protection strategy Staying on top of data security to keep ahead of ever-evolving threats Data security is the practice of protecting digital information from unauthorized access, corruption or theft throughout its entire lifecycle. Manage third-party-related risks.

Risk 40

Risk Data Governance Data Lake Data-driven 40

bridgei2i

JULY 28, 2020

She’s the founder and CEO of StatWeather, a company, which was recognized as number one in climate technology globally in the year, 2017, by the Energy Risk Awards. She’s the president of European Chamber of Digital Commerce, where she enables companies to develop successful digital strategies in order to shape the digital future.

Enterprise 98

Enterprise Digital Transformation Insurance B2B 98

Corinium

APRIL 25, 2019

Ahead of the Chief Data Analytics Officers & Influencers, Insurance event we caught up with Dominic Sartorio, Senior Vice President for Products & Development, Protegrity to discuss how the industry is evolving. I am head of Products here, which comprises of R&D, Product Management and Global Customer support.

Insurance 150

Insurance Risk IoT Cost-Benefit 150

CIO Business Intelligence

DECEMBER 7, 2022

Security tops the list According to this year’s State of the CIO survey , cybersecurity and risk management are the top investment areas for 45% of IT leader respondents. Megan Duty, VP of technology and project delivery, Puritan Life Insurance Company of America. Budgeting, IT Leadership, IT Strategy.

IT 132

IT Insurance Cost-Benefit Risk Management 132

DataRobot

SEPTEMBER 16, 2021

Accurate pricing is essential to protecting an insurance company’s bottom line. Pricing directly impacts the near-term profitability and long-term health of an insurer’s book of business. All features are designed to increase the efficiency and accuracy of insurance loss cost modeling. Loss cost modeling-related features.

Modeling 52

Modeling Insurance Cost-Benefit Machine Learning 52

DataRobot Blog

JULY 21, 2022

Document assumptions and risks to develop a risk management strategy. Identify a consumption strategy. This helps you identify high-impact factors to focus business strategies, explain results to stakeholders, and steer model development to comply with regulations. Define project scope.

Machine Learning 98

Machine Learning Metrics Modeling Testing 98

Cloudera

JUNE 23, 2021

Climate change is a challenge for insurers in some obvious ways, such as stronger and more frequent natural disasters. Yet there are also more subtle risks to monitor, including changes to insured assets, risks, and exposures. These kinds of nuanced risk assessments require comprehensive solutions.

Insurance 52

Insurance Risk Modeling Risk Management 52

CIO Business Intelligence

FEBRUARY 3, 2023

The Queen’s death brings e-commerce innovation Hobbs joined The Royal Mint in January 2020, bringing 20 years of experience from financial services, where he worked for Barclays Bank, Barclaycard, Lloyds Banking Group and Admiral Insurance.

IT 52

IT Experimentation Scorecard Digital Transformation 52

CIO Business Intelligence

MARCH 25, 2022

Policy makers around the world have been recognizing this heightened risk, which has been further amplified by the recent geopolitical tensions. The European Union (EU) has pulled together a proposal for a unified framework to regulate risk management for financial institutions. DORA’s Impact.

Finance 85

Finance KPI Risk IoT 85

CIO Business Intelligence

APRIL 22, 2022

It focuses on project management fundamentals, project management training, effective planning and scheduling, team building, risk management, crisis management, time management, leadership skills, communication strategies, and knowledge management. Requirements: No prerequisites.

Management 111

Management Cost-Benefit Testing Risk 111

Cloudera

DECEMBER 14, 2022

OCBC Bank optimizes customer experience & risk management with multi-phased data initiative. The company recently migrated to Cloudera Data Platform (CDP ) and CDP Machine Learning to power a number of solutions that have increased operational efficiency, enabled new revenue streams and improved risk management.

Data Strategy 77

Data Strategy Strategy IT Contextual Data 77

CIO Business Intelligence

APRIL 15, 2024

The senior vice president and chief information and strategy officer at National Life Group, has spent years executing a technology roadmap to modernize the insurance company. Case in point: Mehta, who now has the responsibility of developing National Life’s three-year enterprise strategy.

Digital Transformation 124

Digital Transformation Strategy Technology Enterprise 124

AWS Big Data

AUGUST 14, 2023

At the same time, unstructured approaches to data mesh management that don’t have a vision for what types of products should exist and how to ensure they are developed are at high risk of creating the same effect through simple neglect. Strategies for measuring value and prioritizing data products are explored later in this post.

Management 75

Management Risk Measurement Optimization 75

Andrew White

JANUARY 11, 2021

Do you recommend a consulting approach strategy rather than a CDO strategy? As such banking, finance, insurance and media are good examples of information-based industries compared to manufacturing, retail, and so on. How do you think Technology Business Management plays into this strategy? Product Management.

Data Analytics 52

Data Analytics Analytics Data-driven Finance 52

CIO Business Intelligence

APRIL 12, 2022

Even though Nvidia’s $40 billion bid to shake up enterprise computing by acquiring chip designer ARM has fallen apart, the merger and acquisition (M&A) boom of 2021 looks set to continue in 2022, perhaps matching the peaks of 2015, according to a report from risk management advisor Willis Towers Watson.

Enterprise 143

Enterprise Technology Consulting Software 143

Jet Global

NOVEMBER 15, 2021

For an organization to be successful in their tax function, they need to evaluate the performance of their tax function using a variety of KPIs and metrics, ranging from traditional KPIs such as effective tax rate, filing timelines, financial risk management, etc.; How to Compare Reporting & BI Solutions. Download Now.

Metrics 52

Metrics Reporting KPI Risk Management 52

Jet Global

MARCH 2, 2022

For one, companies that place an emphasis on their environmental and social impacts and responsibilities, have been shown to be more resilient and that they’re able to manage their risks better during a crisis. The SFDR aims to give more transparency about sustainability and provide a common set of rules on sustainability risks.

Reporting 59

Reporting Risk Recreation/Entertainment Insurance 59