CIO Business Intelligence

NOVEMBER 21, 2023

Ask IT leaders about their challenges with shadow IT, and most will cite the kinds of security, operational, and integration risks that give shadow IT its bad rep. That’s not to downplay the inherent risks of shadow IT. Following are seven steps to guide this transformation for competitive advantage.

IT 131

IT Risk Cost-Benefit Risk Management 131

O'Reilly on Data

NOVEMBER 13, 2018

There are also many important considerations that go beyond optimizing a statistical or quantitative metric. As we deploy more models, it’s becoming clear that we will need to think beyond optimizing statistical and business metrics. Continue reading Managing risk in machine learning. Culture and organization.

Machine Learning 220

Machine Learning Risk Management Statistics 220

Smart Data Collective

SEPTEMBER 21, 2021

However, your data-driven business model won’t be very helpful if you don’t focus on the right metrics. There are many excellent metrics you can monitor to help you grow your business and meet your goals. Plus, the metric can help you plan the best layout for your shop. Sales Per Staff Member.

Data-driven 108

Data-driven Metrics Sales Big Data 108

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? They need to understand;

Risk 79

Risk Modeling Risk Management Measurement 79

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 112

IT Risk Measurement Risk Management 112

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. Monitoring Model Metrics.

Risk 59

Risk Modeling Metrics Measurement 59

Jet Global

NOVEMBER 15, 2021

A Tax Key Performance Indicator (KPI) or metric is a clearly defined quantifiable measure that an organization, or business, uses to measure the success of its Tax Function over time. Since every organization has its own manner of operation, the KPIs or metrics used for tax will vary from one organization to another.

Metrics 52

Metrics Reporting KPI Risk Management 52

DataRobot Blog

MAY 10, 2022

Addressing the Key Mandates of a Modern Model Risk Management Framework (MRM) When Leveraging Machine Learning . The regulatory guidance presented in these documents laid the foundation for evaluating and managing model risk for financial institutions across the United States. To reference SR 11-7: .

Risk 64

Risk Modeling Machine Learning Data Quality 64

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

MAY 13, 2024

The toolkit, released as part of IBM’s watsonx generative AI platform last May, is uniquely differentiated by its audit trail capability, said Heather Gentile, director of product management at IBM’s data and AI software division. What is watsonx.governance and how does it work?

Risk 104

Risk Machine Learning Modeling Enterprise 104

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. The required parameter groups for source and target are already created as part of the CloudFormation stack.

Data Warehouse 122

Data Warehouse Dashboards Risk Management Risk 122

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

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

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 126

IT Consulting Testing Cost-Benefit 126

Domino Data Lab

AUGUST 10, 2021

Models can predict things before they happen more accurately than humans, such as catastrophic weather events or who is at risk of imminent death in a hospital. The model uses algorithms to identify patterns in the data that form a relationship with an output. Download your free copy of How to Build a Model Driven Business.

Modeling 64

Modeling IT Risk Management Deep Learning 64

Smart Data Collective

SEPTEMBER 17, 2020

Here are a few of the advantages of Big Data in the banking and financial industry: Improvement in risk management operations. Big Data can efficiently enhance the ways firms utilize predictive models in the risk management discipline. Big Data provides financial and banking organizations with better risk coverage.

Big Data 142

Big Data Finance Risk Management Risk 142

IBM Big Data Hub

SEPTEMBER 6, 2023

The vulnerability management process is a continuous process for discovering, prioritizing, and resolving security vulnerabilities across an organization’s IT infrastructure. The vulnerability management lifecycle Corporate networks are not static. Coding errors—e.g.,

Management 110

Management Metrics Risk Reporting 110

IBM Big Data Hub

FEBRUARY 13, 2024

They also factor in how a strong partnership could reduce supply chain risk and advance sustainability. In this age of supply chain disruptions that hold the power to upend entire industries, strength and resilience across the entire value chain is no longer a nice-to-have—it’s a survival tactic.

Cost-Benefit 87

Cost-Benefit Scorecard Risk Recreation/Entertainment 87

IBM Big Data Hub

FEBRUARY 28, 2024

Successful strategic sourcing often results in process optimization, cost management, customer satisfaction, risk management , increased sustainability and other benefits. Sourcing teams are automating processes like data analysis as well as supplier relationship management and transaction management.

Strategy 106

Strategy Technology Cost-Benefit Risk Management 106

IBM Big Data Hub

MARCH 4, 2024

While many organizations have implemented AI, the need to keep a competitive edge and foster business growth demands new approaches: simultaneously evolving AI strategies, showcasing their value, enhancing risk postures and adopting new engineering capabilities. Otherwise, the risks become too significant. Should you build your own?

Enterprise 108

Enterprise ROI Risk Strategy 108

CIO Business Intelligence

JULY 13, 2022

Metrics that create a narrative and show how the business compares to competitors, the wider industry, and globally against all businesses give a clear picture that allows board members to set strategy. Burgess returns along with Atlassian Chief Trust Officer Adrian Ludwig to examine insider threats and third-party risk.

Strategy 119

Strategy Metrics Risk Risk Management 119

DataRobot Blog

DECEMBER 6, 2022

Taking a Multi-Tiered Approach to Model Risk Management. Understand why organizations need a three-pronged approach to mitigating risk among multiple dimensions of the AI lifecycle and what model risk management means to today’s AI-driven companies. Read the blog. Read the blog. Read the blog.

Experimentation 145

Experimentation Forecasting Data-driven Machine Learning 145

Insight

FEBRUARY 19, 2020

Using variability in machine learning predictions as a proxy for risk can help studio executives and producers decide whether or not to green light a film project Photo by Kyle Smith on Unsplash Originally posted on Toward Data Science. Hollywood is a $10 billion-a-year industry, and movies range from huge hits to box office bombs.

Risk 67

Risk ROI Modeling Metrics 67

IBM Big Data Hub

DECEMBER 14, 2023

A cybersecurity strategy is not solely about managing risk across a business’ IT infrastructure. IBM is supporting clients across industries in their cybersecurity journey by providing comprehensive security capabilities to help make it easier to simplify their risk management and demonstrate regulatory compliance postures.

Risk 93

Risk Enterprise Digital Transformation Risk Management 93

IBM Big Data Hub

FEBRUARY 19, 2024

In today’s complex global business environment, effective supply chain management (SCM) is crucial for maintaining a competitive advantage. Why supply chain management matters Supply chain management involves coordinating and managing all the activities involved in sourcing , procurement, conversion and logistics.

Strategy 89

Strategy Management Forecasting Cost-Benefit 89

CIO Business Intelligence

APRIL 21, 2022

Combining Agile and DevOps with elements such as cloud, testing, security, risk management and compliance creates a modernized technology delivery approach that can help an organization achieve greater speed, reduced risk, and enhanced quality and experience. Promote a culture of change – and enable it .

Digital Transformation 133

Digital Transformation Key Performance Indicator Risk Testing 133

IBM Big Data Hub

DECEMBER 13, 2023

By assessing and proactively managing risks inherent in the supply chain , organizations can shield themselves from disruptions and strengthen the resilience of their operations. This enables an effective and adaptive approach to sourcing that creates value and minimizes risk. What is a procurement strategy?

Strategy 73

Strategy Cost-Benefit Key Performance Indicator Consulting 73

CDW Research Hub

MAY 24, 2021

Today’s digital risk and compliance profile requires developing an information security program based on a well-structured plan that includes people, processes and technologies, and focuses on the protection of information and information assets. Develop a security risk management program.

Risk Management 52

Risk Management Risk Unstructured Data Business Objectives 52

IBM Big Data Hub

FEBRUARY 8, 2024

It refers to a set of metrics used to measure an organization’s environmental and social impact and has become increasingly important in investment decision-making over the years. In response, asset managers began to develop ESG strategies and metrics to measure the environmental and social impact of their investments.

Measurement 87

Measurement Metrics Reporting Strategy 87

CIO Business Intelligence

SEPTEMBER 20, 2023

To do so, CIOs must continuously improve their product management, program management, and delivery capabilities to wow customers and deliver competitive advantages, all while steering clear of surefire DX mistakes such as prioritizing too many initiatives and underinvesting in developing digital trailblazers.

Digital Transformation 126

Digital Transformation Uncertainty Metrics Business Objectives 126

O'Reilly on Data

DECEMBER 12, 2019

1] This includes C-suite executives, front-line data scientists, and risk, legal, and compliance personnel. These recommendations are based on our experience, both as a data scientist and as a lawyer, focused on managing the risks of deploying ML. Not least is the broadening realization that ML models can fail.

Machine Learning 191

Machine Learning Modeling Testing Risk Management 191

CIO Business Intelligence

JANUARY 19, 2024

Many project managers struggle to implement effective stakeholder management, despite its importance. IT can’t be successful without good stakeholder coordination and management,” says Barry Brunsman, a principal in advisory at KPMG, a professional services firm. Often, this is a top-down issue, starting with the CIO. “IT

Management 117

Management Consulting Risk Strategy 117

FineReport

JUNE 7, 2023

What Is A Project Management Dashboard? Project management dashboards serve as dynamic visual aids, empowering project managers to effectively track project progress, identify risks, and allocate tasks to team members efficiently. This increased visibility improves transparency and enables timely decision-making.

Dashboards 52

Dashboards Management Visualization Cost-Benefit 52

Alation

AUGUST 17, 2022

The Risks of Early Data Governance Programs. The biggest risk was a lack of ownership. The biggest risk was a lack of ownership. Too often, organizations don’t educate their users about data governance, security, and business risk,” claims analyst Jack Gold. It’s not just an IT problem.

Data Governance 92

Data Governance Risk Data-driven Measurement 92

IBM Big Data Hub

JUNE 13, 2022

Beyond these common uses of AI, there are also uses that regulators are beginning to identify as areas where there may be a higher risk. Beyond these common uses of AI, there are also uses that regulators are beginning to identify as areas where there may be a higher risk.

Risk 98

Risk Risk Management Data-driven Metrics 98

AWS Big Data

APRIL 12, 2023

We identified Amazon QuickSight , a fully managed, cloud-native business intelligence (BI) service, as the product that fit all our criteria. With it, we found an intuitive product with rich visualizations that we could build and grow with rapidly, allowing us to innovate without monetary risks or being locked in to cumbersome contracts.

Dashboards 60

Dashboards Risk Data-driven Visualization 60

IBM Big Data Hub

JUNE 29, 2023

The term ‘IBP’ was introduced by the management consulting firm Oliver Wight to describe an evolved version of the sales and operations planning (S&OP process) they originally developed in the early 1980s. Imagine a symphony orchestra where each musician plays their own tune without listening to others.

Key Performance Indicator 84

Key Performance Indicator Forecasting Data Integration Sales 84