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Business Strategies for Deploying Disruptive Tech: Generative AI and ChatGPT

Rocket-Powered Data Science

Third, any commitment to a disruptive technology (including data-intensive and AI implementations) must start with a business strategy. I suggest that the simplest business strategy starts with answering three basic questions: What? Those F’s are: Fragility, Friction, and FUD (Fear, Uncertainty, Doubt).

Strategy 290
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Small Businesses Use Big Data to Offset Risk During Economic Uncertainty

Smart Data Collective

As a result, they will need to invest in data analytics tools to sustain a competitive edge in the face of growing economic uncertainty. Big data technology can significantly improve the company’s pricing strategy. Big data technology used to be a luxury for small business owners. In 2023, big data Is no longer a luxury.

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Building Tax Planning into Enterprise Risk Management Strategies

Jet Global

Tax planning is playing an increasingly important part in corporates’ enterprise resource management (ERM) strategies, driven by the many uncertainties created by political, economic, and pandemic-related trends. Take Responsibility for Risk Oversight. Take Responsibility for Risk Oversight.

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Regulatory uncertainty overshadows gen AI despite pace of adoption

CIO Business Intelligence

Gen AI has the potential to magnify existing risks around data privacy laws that govern how sensitive data is collected, used, shared, and stored. Gen AI has the potential to magnify existing risks around data privacy laws that govern how sensitive data is collected, used, shared, and stored. The risk is too high.”

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12 Cloud Computing Risks & Challenges Businesses Are Facing In These Days

datapine

We discussed already some of these cloud computing challenges when comparing cloud vs on premise BI strategies. Everywhere you turn these days, “the cloud” is being talked about. It’s a hot topic, and as technologies continue to evolve at a rapid pace, the scope of the cloud continues to expand.

Risk 237
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Is there a “right” cloud strategy for banking?

IBM Big Data Hub

As public cloud technology and hybrid multicloud architectures are being adopted in financial institutions at an increasing rate, we’re observing that their counterparts in the public sector— central banks—are a long way behind, due at least in part to a profoundly risk-averse approach.

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What your CFO really needs in periods of economic uncertainty

CIO Business Intelligence

The pressure is on to navigate economic uncertainty. Solicit input from trusted deputies and document the risks and implications of specific line items. Gartner’s downward revision of projected worldwide IT spending in 2023 from 5.1% What are the necessities in your IT budget to keep the lights on (KTLO)?