CIO Business Intelligence

MAY 15, 2024

The risk of material business incidents is increasing. And while incident management was never for the faint of heart, CIOs, and CTOs are actually losing sleep en masse. Through AI-centered automation, our solutions deliver clear value to help companies grow revenue, create efficiency, and mitigate risk.

Risk 64

Risk IT Risk Management Technology 64

CIO Business Intelligence

DECEMBER 28, 2023

The need to manage risk, adhere to regulations, and establish processes to govern those tasks has been part of running an organization as long as there have been businesses to run. Furthermore, the State of Risk & Compliance Report, from GRC software maker NAVEX, found that 20% described their programs as early stage.

Risk 103

Risk Risk Management Strategy Enterprise 103

CIO Business Intelligence

MARCH 19, 2024

Ask your average schmo what the biggest risks of artificial intelligence are, and their answers will likely include: (1) AI will make us humans obsolete; (2) Skynet will become real, making us humans extinct; and maybe (3) deepfake authoring tools will be used by bad people to do bad things. Risks perceived by an average schmo 1.

Risk 116

Risk Machine Learning Risk Management Measurement 116

IBM Big Data Hub

DECEMBER 8, 2023

.” This same sentiment can be true when it comes to a successful risk mitigation plan. 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.

Risk 72

Risk Strategy Risk Management Insurance 72

CIO Business Intelligence

MAY 22, 2024

The signatories agreed to publish — if they have not done so already — safety frameworks outlining on how they will measure the risks of their respective AI models. The risks might include the potential for misuse of the model by a bad actor, for instance.

Risk Management 107

Risk Management Risk Modeling Publishing 107

Cloudera

JUNE 29, 2023

To ensure the stability of the US financial system, the implementation of advanced liquidity risk models and stress testing using (MI/AI) could potentially serve as a protective measure. To improve the way they model and manage risk, institutions must modernize their data management and data governance practices.

Data Architecture 82

Data Architecture Risk Management Risk Management 82

CIO Business Intelligence

JUNE 23, 2023

It helps reduce risk, increase efficiency, optimize resources, and improve both the customer and employee experience. When asked what keeps them up at night, IT leaders noted the need to improve overall IT performance (60%), followed by data security (50%), process risk and compliance (46%), and the need to improve agility (41%).

IT 97

IT Risk Management Risk Optimization 97

CIO Business Intelligence

AUGUST 4, 2023

In collaboration with our peers, we have a solid business sense that carefully weighs innovation and risk in order to gain valuable ROI while protecting the organization from all forms of risk associated with each project. If reversible, then there’s clearly less risk. What’s new and different today?

Risk 95

Risk Risk Management ROI Technology 95

CIO Business Intelligence

MARCH 21, 2024

In addition to rationalizing applications and other tactics you would expect, Lovelady knew establishing influence across McWane would be essential for the IT makeover to succeed, and that in turn would require over-communicating, driving accountability, measuring success, and rewarding high performance. The Birmingham, Ala.-based

IT 111

IT Manufacturing Risk Management Risk 111

CIO Business Intelligence

SEPTEMBER 6, 2023

The discussions address changing regulatory and compliance requirements, and reveal vulnerabilities and threats for risk mitigation.” Ongoing IT security strategy conversations should address the organization’s cyber risk and arrive at strategic objectives, Albrecht says. Are our systems adequately modernized for security?

IT 141

IT ROI Risk Strategy 141

CIO Business Intelligence

MAY 13, 2024

The study identified the top CEO priorities as, among others, leading digital transformation, reducing security risk, strengthening collaboration with executive colleagues, and implementing AI. Overall, IT projects are meant to create a leaner, more profitable company, says Bilker, CIO of manufacturer Lift Solutions Holding.

IT 129

IT Digital Transformation ROI Strategy 129

Cloudera

OCTOBER 20, 2021

As part of these efforts, disclosure requirements will mandate that firms provide “the impact of a company’s activities on the environment and society, as well as the business and financial risks faced by a company due to its sustainability exposures.” What are the key climate risk measurements and impacts? Generate Scenarios.

Risk 78

Risk Modeling Risk Management Measurement 78

CIO Business Intelligence

APRIL 10, 2024

Cyber GRC software company Cypago has announced a new automation solution for artificial intelligence (AI) governance, risk management and compliance. Its heightened security measures for AI-based systems help keep data and software secure, reducing the risk of cyber threats, data breaches and regulatory violations.

Risk Management 108

Risk Management Cost-Benefit Risk Measurement 108

CIO Business Intelligence

JUNE 21, 2022

Governance should be designed with adaptability in mind to ensure IT remains in alignment with business objectives, continually providing value while effectively safeguarding the organization against potential risks, Bales says. Poor risk planning. Not keeping pace with evolving business priorities.

IT 114

IT Risk Measurement Risk Management 114

O'Reilly on Data

NOVEMBER 13, 2018

Fortunately, a recent survey paper from Stanford— A Critical Review of Fair Machine Learning —simplifies these criteria and groups them into the following types of measures: Anti-classification means the omission of protected attributes and their proxies from the model or classifier. Continue reading Managing risk in machine learning.

Machine Learning 220

Machine Learning Risk Management Statistics 220

IBM Big Data Hub

OCTOBER 16, 2023

As more businesses use AI systems and the technology continues to mature and change, improper use could expose a company to significant financial, operational, regulatory and reputational risks. AI governance refers to the practice of directing, managing and monitoring an organization’s AI activities.

Risk 75

Risk Modeling Management Metadata 75

DataRobot Blog

JUNE 27, 2022

If the assumptions are being breached due to fundamental changes in the process being modeled, the deployed system is not likely to serve its intended purpose, thereby creating further model risk that the institution must manage. These observations would have spanned a distribution, which the model leveraged to make its forecasts.

Risk 59

Risk Modeling Metrics Measurement 59

Smart Data Collective

APRIL 19, 2021

But in most instances, the real risk comes from within. From conversing on personal devices (BYODs) to sending documents to the wrong recipient, or using unsecured applications for transfers, the risk for potential leaks is high. Around 66% of all data leaks are caused by employees making mistakes with digital records.

Risk 120

Risk Management Measurement Optimization 120

CIO Business Intelligence

JUNE 8, 2023

Skills such as software engineering, architecture, cloud, and program management are highly sought after as more companies explore creating both internal and external applications and solutions. Project manager The role of project manager is important for planning, executing, and completing IT projects on time and on budget.

IT 138

IT Digital Transformation Software Risk 138

CIO Business Intelligence

APRIL 27, 2023

The demand for specialized skills has boosted salaries in cybersecurity, data, engineering, development, and program management. 1. IT management It’s no surprise that IT executive positions earn some of the highest average salaries, with Dice reporting an average yearly salary of $164,814 in 2022 — an 8.4% increase from 2021.

IT 115

IT Software Risk Management 115

erwin

MARCH 25, 2021

Usually we talk about benefits which are rather qualitative measures, but what we need for decision-making processes are values,” Pörschmann says. “We To summarize, just some of the benefits of data automation are: Centralized and standardized code management with all automation templates stored in a governed repository.

Data Governance 109

Data Governance IT Cost-Benefit Risk 109

John Wheeler

NOVEMBER 25, 2020

Integrated risk management (IRM) technology is uniquely suited to address the myriad of risks arising from the current crisis and future COVID-19 recovery. Re-starting business operations will require risk visibility not only across the organization but vertically down through the organization as well. Key Findings.

Marketing 110

Marketing Risk Management Risk Digital Transformation 110

Smart Data Collective

MAY 4, 2023

Unfortunately, there are often many weak links in the data security infrastructure, which can increase the risks of data breaches. As data breaches continue to be a serious concern, organizations need to take stringent measures to protect against them. These steps can help reduce the risks of data breaches.

Risk Management 77

Risk Management Key Performance Indicator Measurement Risk 77

CIO Business Intelligence

MAY 30, 2023

3, with 55% of responding IT leaders listing this area) and risk management (at No. Today’s focus on these initiatives is more about optimizing the use of technologies to deliver measurable value in those areas, rather than just delivering the technologies themselves. 9, with 47% involved in such).

IT 130

IT Risk Optimization Technology 130

DataRobot Blog

MAY 26, 2022

To start with, SR 11-7 lays out the criticality of model validation in an effective model risk management practice: Model validation is the set of processes and activities intended to verify that models are performing as expected, in line with their design objectives and business uses. Validating Machine Learning Models.

Risk 52

Risk Modeling Metrics Business Objectives 52

CIO Business Intelligence

APRIL 13, 2023

Gartner projects that spending on information security and risk management products and services will grow 11.3% To better focus security spend, some chief information security officers (CISOs) are shifting their risk assessments from IT systems to the data, applications, and processes that keep the business going.

IT 111

IT Cost-Benefit Risk Consulting 111

CIO Business Intelligence

SEPTEMBER 26, 2023

Requirements for implementing Zero Trust In July 2021, the Biden administration issued an executive order outlining several cybersecurity measures that federal agencies and contractors must implement. This policy should include guidelines for employee training, incident response, and risk management.

Cost-Benefit 139

Cost-Benefit Measurement Risk Risk Management 139

Smart Data Collective

JULY 16, 2023

The Imperative of Risk Mitigation A crucial element in the world of financial investments is effective hedge fund management. Optimizing hedge fund performance requires the implementation of intelligent strategies, from managing risks to maximizing returns, improving investor relations, and adapting to shifting market conditions.

ROI 71

ROI Data Analytics Analytics Risk Management 71

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. Well, sort of.

Insurance 84

Insurance Data Architecture Risk Management Risk 84

Cloudera

MAY 18, 2021

These interactions are captured and the resulting synthetic data sets can be analysed for a number of applications, such as training models to detect emergent fraudulent behavior, or exploring “what-if” scenarios for risk management. Value-at-Risk (VaR) is a widely used metric in risk management. Intraday VaR.

Risk 94

Risk Marketing Risk Management Data-driven 94

CIO Business Intelligence

AUGUST 30, 2023

In my previous column in May, when I wrote about generative AI uses and the cybersecurity risks they could pose , CISOs noted that their organizations hadn’t deployed many (if any) generative AI-based solutions at scale. Today, it is, as they create a mysterious new risk and attack surface to defend against.

Enterprise 131

Enterprise Risk Measurement Software 131

CIO Business Intelligence

MAY 2, 2024

Security and risk management pros have a lot keeping them up at night. Using mobile cryptography to determine the authenticity of the device, its operating system, and the app it’s running is a crucial and decisive measure for stopping injection attacks in their tracks.

Strategy 109

Strategy Risk Management Risk Measurement 109

IBM Big Data Hub

MARCH 20, 2024

Organizations in the financial services, healthcare and other regulated sectors must place an even greater focus on managing risk—not only to meet compliance requirements, but also to maintain customer confidence and trust. This includes cyber incidents, technology failures, natural disasters and more. Similarly, in the U.S.

Risk Management 79

Risk Management Risk Enterprise Business Services 79

CIO Business Intelligence

MAY 14, 2024

Cybersecurity Guardians : Honoring CIOs who have demonstrated excellence in cybersecurity and risk management, safeguarding their organizations against cyber threats and ensuring the security of digital assets. The Awards will take place at the Hotel Fairmont Riyadh on 19th September.

Digital Transformation 95

Digital Transformation Business Objectives Risk Management Technology 95

CIO Business Intelligence

MARCH 13, 2024

Even though generative AI is a relatively new technology, it’s now difficult to imagine a world without it, given the impact it’s making, and the business value it can create. for every $1 spent. EY is one example of a company widely deploying gen AI. And the impacts are already being felt in some industries.

IT 127

IT Consulting Testing Cost-Benefit 127

Smart Data Collective

MAY 15, 2019

On the other hand, big data has created a number of security risks that they need to be aware of, especially with brands leveraging Hadoop technology. Big data has created a number of security risks for Bluetooth users. Bluetooth Security Risks in the Age of Big Data. The best way to reduce the risk is to turn Bluetooth off.

Big Data 92

Big Data Risk Measurement Data mining 92

Laminar Security

DECEMBER 22, 2023

Data Security Posture Management (DSPM) serves as a critical tool in this landscape, offering businesses a way to keep their data secure while also managing their cloud storage costs effectively. One of the key cost-saving aspects of DSPM is its ability to identify and eliminate r (ROT) data.

Cost-Benefit 95

Cost-Benefit Risk Optimization Risk Management 95