CIO Business Intelligence

JULY 11, 2023

In recent years, we have witnessed a tidal wave of progress and excitement around large language models (LLMs) such as ChatGPT and GPT-4. On the contrary, the software can still be deployed with one click on any public or private cloud, managed, and scaled accordingly.

Modeling 87

Modeling Testing Experimentation Risk Management 87

Domino Data Lab

AUGUST 6, 2021

All models require testing and auditing throughout their deployment and, because models are continually learning, there is always an element of risk that they will drift from their original standards. As such, model governance needs to be applied to each model for as long as it’s being used.

Machine Learning 145

Machine Learning Modeling Testing Risk 145

Cloudera

OCTOBER 20, 2021

As governments gather to push forward climate and renewable energy initiatives aligned with the Paris Agreement and the UN Framework Convention on Climate Change, financial institutions and asset managers will monitor the event with keen interest. Stress testing was heavily scrutinized in the post 2008 financial crisis.

Risk 79

Risk Modeling Risk Management Measurement 79

Cloudera

JULY 15, 2021

We recently hosted a roundtable focused on o ptimizing risk and exposure management with data insights. For financial institutions and insurers, risk and exposure management has always been a fundamental tenet of the business. Now, risk management has become exponentially complicated in multiple dimensions. .

Risk 98

Risk Optimization Management Insurance 98

Cloudera

FEBRUARY 4, 2021

Financial services institutions need the ability to analyze and act on massive volumes of data from diverse sources in order to monitor, model, and manage risk across the enterprise. They need a comprehensive data and analytics platform to model risk exposures on-demand. Cloudera is that platform.

Risk 87

Risk Marketing Technology Management 87

CIO Business Intelligence

APRIL 22, 2022

Behind every successful IT project, you’ll find a highly skilled project manager. From hardware and software upgrades to ongoing security patches, to application development and the rollout of software itself, project managers keep your teams on task and productive. Top project management certifications.

Management 111

Management Cost-Benefit Testing Risk 111

IBM Big Data Hub

FEBRUARY 13, 2024

This data is fed into generational models, and there are a few to choose from, each developed to excel at a specific task. Generative adversarial networks (GANs) or variational autoencoders (VAEs) are used for images, videos, 3D models and music. Autoregressive models or large language models (LLMs) are used for text and language.

Enterprise 127

Enterprise Modeling Testing Data-driven 127

CIO Business Intelligence

MARCH 24, 2023

It encompasses the people, processes, and technologies required to manage and protect data assets. The Data Management Association (DAMA) International defines it as the “planning, oversight, and control over management of data and the use of data and data-related sources.”

Data Governance 142

Data Governance Management Metadata Data Quality 142

DataRobot Blog

MAY 26, 2022

Last time , we discussed the steps that a modeler must pay attention to when building out ML models to be utilized within the financial institution. In summary, to ensure that they have built a robust model, modelers must make certain that they have designed the model in a way that is backed by research and industry-adopted practices.

Risk 52

Risk Modeling Metrics Business Objectives 52

Domino Data Lab

AUGUST 10, 2021

Models are the central output of data science, and they have tremendous power to transform companies, industries, and society. At the center of every machine learning or artificial intelligence application is the ML/AI model that is built with data, algorithms and code. The process of creating models is called modeling.

Modeling 64

Modeling IT Risk Management Deep Learning 64

CIO Business Intelligence

SEPTEMBER 7, 2023

Additionally, it’s paramount within the financial services sector to ensure responsible AI and adherence to regulatory guidance for model risk. Keeping our AI approach interpretable and managing bias becomes crucial. The trust we build with our customers is our most important asset—and we don’t take that for granted.

Risk Management 96

Risk Management Risk Testing Digital Transformation 96

CIO Business Intelligence

DECEMBER 19, 2023

Many technology investments are merely transitionary, taking something done today and upgrading it to a better capability without necessarily transforming the business or operating model. In the SANS 2023 DevSecOps Survey , less than 22% of respondents patched and resolved critical security risks and vulnerabilities in under two days.

Digital Transformation 143

Digital Transformation Unstructured Data Machine Learning Risk Management 143

CIO Business Intelligence

MAY 15, 2024

It seems anyone can make an AI model these days. Even if you don’t have the training data or programming chops, you can take your favorite open source model, tweak it, and release it under a new name. According to Stanford’s AI Index Report, released in April, 149 foundation models were released in 2023, two-thirds of them open source.

Modeling 93

Modeling Risk Software Enterprise 93

DataRobot

OCTOBER 5, 2021

Throughout history, introducing innovations in fields like aviation and nuclear power to society required robust risk management frameworks. AI is no different, and by its nature, it demands a comprehensive approach to governance utilizing risk management. Step 1: Classify the AI Decision Type.

Risk Management 95

Risk Management Testing Risk Data Science 95

CIO Business Intelligence

JANUARY 11, 2024

CIOs are under increasing pressure to deliver AI across their enterprises – a new reality that, despite the hype, requires pragmatic approaches to testing, deploying, and managing the technologies responsibly to help their organizations work faster and smarter. The top brass is paying close attention.

Enterprise 126

Enterprise Uncertainty Risk Management Reporting 126

CIO Business Intelligence

FEBRUARY 20, 2024

Others are weighing the advantages of subscription-based business models where industrial equipment, automation, and processes are delivered as a service. Nall comments: “Copilot can help manufacturers de-risk their supply chains by helping predict potential disruption so they can put mitigations in place ahead of time.”

Manufacturing 97

Manufacturing Sales Risk Management Forecasting 97

Decision Management Solutions

APRIL 23, 2019

, in which he states there are only three levers of value in insurance: Sell More, Manage Risk Better (aka underwriting and adjusting), and Cost Less to Operate. Let’s dive into greater detail on the second lever – Manage Risk Better. Insurers can also manage risk more effectively through continuous improvement.

Insurance 69

Insurance Risk Technology Management 69

CIO Business Intelligence

JANUARY 18, 2024

Optimism aside, the true test is in how well organizations will master the changes to the nature of work that AI enables. Nearly a third (29%) of CEOs are dissatisfied with their organization’s speed of innovation, capabilities in risk management, and talent acquisition and retention rates.

Finance 126

Finance Machine Learning Risk Management Optimization 126

CIO Business Intelligence

MARCH 18, 2024

We need to be ready to respond to our CEO to solve problems with AI,” says Srini Gudipati, CIO of Covanta, a company that specializes in sustainable materials management, including large-scale recycling. We are proceeding cautiously because the rise of LLMs [large language models] presents a new level of data security risk,” he says. “We

Risk 133

Risk Cost-Benefit Data Processing Testing 133

IBM Big Data Hub

APRIL 4, 2024

Lots of innovation is happening, with new technologies emerging in areas such as data and AI, payments, cybersecurity and risk management, to name a few. A third-party risk management review, where the ISV needs to describe how it is complying to required controls. Most of these new technologies are born-in-cloud.

Cost-Benefit 61

Cost-Benefit Risk Management Risk Digital Transformation 61

erwin

MARCH 12, 2020

Forrester recently released its “Now Tech: Enterprise Architecture Management Suites for Q1 2020” to give organizations an enterprise architecture (EA) playbook. It also highlights select enterprise architecture management suite (EAMS) vendors based on size and functionality, including erwin. Improve Enterprise Architecture with EAMS.

Enterprise 85

Enterprise Reporting Management ROI 85

AWS Big Data

AUGUST 14, 2023

Taken together, the posts in this series lay out some possible operating models for data mesh within an organization. To answer questions such as these and plan accordingly, organizations must implement data product portfolio management (DPPM). Kudzu Kudzu—or kuzu (クズ)—is native to Japan and southeast China.

Management 76

Management Risk Measurement Optimization 76

Cloudera

MARCH 28, 2019

The trouble is, mortgage lenders persist in relying on historical macro-economic assumptions in their models so they risk repeating the errors of a decade ago when banks – and their regulators – failed to recognize the warning signs from a far richer source: low-level micro-economic data. Risk management 3.0.

Risk 73

Risk Management Risk Management Machine Learning 73

O'Reilly on Data

MAY 18, 2020

This article answers these questions, based on our combined experience as both a lawyer and a data scientist responding to cybersecurity incidents, crafting legal frameworks to manage the risks of AI, and building sophisticated interpretable models to mitigate risk. All predictive models are wrong at times?—just

Risk 359

Risk Modeling Data Processing Software 359

CIO Business Intelligence

APRIL 5, 2024

Senate Bill 1047 , introduced in the California State Legislature in February, would require safety testing of AI products before they’re released, and would require AI developers to prevent others from creating derivative models of their products that are used to cause critical harms.

Risk 127

Risk Interactive Insurance Strategy 127

CIO Business Intelligence

OCTOBER 4, 2023

There’s also strong demand for non-certified security skills, with DevSecOps, security architecture and models, security testing, and threat detection/modelling/management attracting the highest pay premiums.

Prescriptive Analytics 135

Prescriptive Analytics IT Machine Learning Risk 135

Smart Data Collective

SEPTEMBER 17, 2020

Financial institutions such as banks have to adhere to such a practice, especially when laying the foundation for back-test trading strategies. Here are a few of the advantages of Big Data in the banking and financial industry: Improvement in risk management operations. The Role of Big Data. Engaging the Workforce.

Big Data 142

Big Data Finance Risk Management Risk 142

CIO Business Intelligence

SEPTEMBER 7, 2023

That’s why, around the world, governments and the defense industry as a whole are now investing and exploring generative artificial intelligence (AI), or large language models (LLMs), to better understand what’s possible. The second challenge is managing new risks, which stem primarily from the threat of misinformation.

Unstructured Data 118

Unstructured Data Cost-Benefit Risk Data-driven 118

CIO Business Intelligence

MARCH 13, 2024

We did side-by-side testing,” he says. AI models are able to present best practice code systems to help junior developers learn and hone their skills.” In testing, gen AI was also particularly good at generating test cases and creating dummy data for testing.

IT 128

IT Consulting Testing Cost-Benefit 128

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 139

IT Digital Transformation Software Risk 139

IBM Big Data Hub

AUGUST 18, 2023

The Digital Operational Resilience Act , or DORA, is a European Union (EU) regulation that created a binding, comprehensive information and communication technology (ICT) risk-management framework for the EU financial sector. It offers more control and flexibility for comprehensive testing and validation.

Cost-Benefit 82

Cost-Benefit Testing Strategy Risk Management 82

IBM Big Data Hub

JANUARY 30, 2024

Finance: Optimized for high-speed transactions and can assist in providing robust security, harnessing AI for fraud detection and real-time risk management. Retail: Manage e-commerce platforms, customer data analytics and supply chain logistics, where data analysis often must occur at the edge.

Manufacturing 80

Manufacturing Business Objectives Optimization Risk Management 80

CIO Business Intelligence

DECEMBER 7, 2023

That also means distinguishing between where you can take some risks and where the risk is going to be more limited. Then I think you can temper the level of testing, learning, and scaling and embed some of those growth mindset principles within your team. Space to take some risk and try new things has to be an expectation.

Testing 105

Testing Risk Marketing IoT 105

CIO Business Intelligence

MARCH 8, 2023

As companies digitally transform and steer toward becoming data-driven businesses, there is a need for increased computing horsepower to manage and extract business intelligence and drive data-intensive workloads at scale. This as-a-service-based delivery model enables enterprises to pay for HPC resources based on the capacity they use.

Digital Transformation 98

Digital Transformation Modeling Data-driven Risk Management 98

CIO Business Intelligence

DECEMBER 6, 2023

Some of the most vocal complaints about generative AI have come from authors and artists unhappy at having their work used to train large language models (LLMs) without permission. But these Guardian polls appear to have been published on Microsoft properties with millions of visitors by automated systems with no human approval required.

IT 133

IT Risk Management Interactive Modeling 133

CIO Business Intelligence

AUGUST 23, 2023

That need for complex mathematical modeling at scale makes the finance industry a perfect candidate for the promise of quantum computing, which makes (extremely) quick work of computations, including complex ones, delivering results in minutes or hours instead of weeks and months.

IT 93

IT Machine Learning Risk Optimization 93

IBM Big Data Hub

DECEMBER 4, 2023

As part of our generative AI initiatives, we can demonstrate the ability to use a foundation model with prompt tuning to review the structured and unstructured data within the insurance documents (data associated with the customer query) and provide tailored recommendations concerning the product, contract or general insurance inquiry.

Insurance 56

Insurance Digital Transformation Risk Management Interactive 56