Remove Internet of Things Remove Measurement Remove Reporting Remove Risk Management
article thumbnail

Data Scalability Raises Considerable Risk Management Concerns

Smart Data Collective

A report by China’s International Data Corporation showed that global data would rise to 175 Zettabyte by 2025. The Relationship between Big Data and Risk Management. Big data calls for complex processing, handling, and storage system, which may include elements such as human beings, computers, and the internet.

article thumbnail

The journey to a mature asset management system

IBM Big Data Hub

Mobile-connected technicians experience improved safety through measures such as access control, gas detection, warning messages or fall recognition, which reduces risk exposure and enhances operational risk management (ORM) during work execution.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How AI and IoT Solutions Can Improve Your Business

Smart Data Collective

The following elucidates the same: l Improved Protective Measures. In the financial sector, for instance, unlawful activity in ATMs is detected by IoT sensors and quickly reported to law authorities. There are IoT solutions that can assist them in collecting data and performing analytics for inventory management.

IoT 134
article thumbnail

AI Technology is Invaluable for Cybersecurity

Smart Data Collective

As a result, businesses across many industries have been spending increasingly large sums on security technology and services, driving demand for trained specialists fluent in the latest preventative measures. After evaluating potential risks, cybersecurity professionals implement various preventative actions.

article thumbnail

Sustainable IT: A crisis needing leadership and change

CIO Business Intelligence

My first step in that process is sharing some of the great insights I learned with all of you. The rapid expansion of the Internet of Things (IoT), fueled by generative AI, is putting increasing pressure on data centers worldwide. To fulfill this, companies can be transparent about their strategies and risk management.

IT 84
article thumbnail

Contingency plan examples: A step-by-step guide to help your business prepare for the unexpected

IBM Big Data Hub

Team members discuss possible risks, analyze the risk impact of each one and propose courses of action to increase their overall preparedness. RTO is usually measured with a simple time metric, such as days, hours or minutes.

Risk 40
article thumbnail

Interview with Dominic Sartorio, Senior Vice President for Products & Development, Protegrity

Corinium

For example, P&C insurance strives to understand its customers and households better through data, to provide better customer service and anticipate insurance needs, as well as accurately measure risks. Life insurance needs accurate data on consumer health, age and other metrics of risk. And then there is the Cloud.

Insurance 150