CIO Business Intelligence

DECEMBER 14, 2023

As CIOs seek to achieve economies of scale in the cloud, a risk inherent in many of their strategies is taking on greater importance of late: consolidating on too few if not just a single major cloud vendor. This is the kind of risk that may increasingly keep CIOs up at night in the year ahead.

Risk 130

Risk Strategy Cost-Benefit Risk Management 130

DataRobot Blog

APRIL 29, 2022

With the big data revolution of recent years, predictive models are being rapidly integrated into more and more business processes. This provides a great amount of benefit, but it also exposes institutions to greater risk and consequent exposure to operational losses. What is a model?

Risk 111

Risk Modeling IT Risk Management 111

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. There are a lot of risks and a lot of land mines to navigate,” says the analyst. The opportunity is too big. billion in 2024 to $521.0

Risk 133

Risk Cost-Benefit Data Processing Testing 133

CIO Business Intelligence

JUNE 9, 2023

Such is the case with a data management strategy. That gap is becoming increasingly apparent because of artificial intelligence’s (AI) dependence on effective data management. For many organizations, the real challenge is quantifying the ROI benefits of data management in terms of dollars and cents.

Strategy 115

Strategy Management Key Performance Indicator ROI 115

IBM Big Data Hub

APRIL 19, 2024

This blog series discusses the complex tasks energy utility companies face as they shift to holistic grid asset management to manage through the energy transition. Asset performance management (APM) processes, such as risk-based and predictive maintenance and asset investment planning (AIP), enable health monitoring technologies.

Management 94

Management Internet of Things Risk IoT 94

CIO Business Intelligence

JANUARY 24, 2024

Organizations can’t afford to mess up their data strategies, because too much is at stake in the digital economy. Unfortunately, the road to data strategy success is fraught with challenges, so CIOs and other technology leaders need to plan and execute carefully. Here are some data strategy mistakes IT leaders would be wise to avoid.

Data Strategy 136

Data Strategy Strategy Unstructured Data Data Governance 136

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 112

Risk Risk Management Strategy Enterprise 112

DataRobot Blog

JUNE 27, 2022

In our previous two posts, we discussed extensively how modelers are able to both develop and validate machine learning models while following the guidelines outlined by the Federal Reserve Board (FRB) in SR 11-7. Monitoring Model Metrics.

Risk 59

Risk Modeling Metrics Measurement 59

Domino Data Lab

AUGUST 6, 2021

Model Risk Management is about reducing bad consequences of decisions caused by trusting incorrect or misused model outputs. Systematically enabling model development and production deployment at scale entails use of an Enterprise MLOps platform, which addresses the full lifecycle including Model Risk Management.

Risk Management 64

Risk Management Risk Modeling Enterprise 64

IBM Big Data Hub

NOVEMBER 30, 2023

Risks from wildfires, floods, heat, drought and wind have always been a concern, but climate change has intensified these risks, making them more frequent and unpredictable for organizations. This situation increases the need for businesses to adapt their sustainability strategies to address climate change issues.

Strategy 97

Strategy Insurance Risk Management 97

CIO Business Intelligence

MARCH 15, 2023

Endpoint security requires a comprehensive and flexible strategy that goes way beyond what security teams relied on a decade or more ago. That’s because in the past year, attackers have adopted new models for extorting money from victims. You can’t secure what you can’t manage,” says Morris. Those days are over.

Strategy 90

Strategy Management Software Risk 90

CIO Business Intelligence

JANUARY 22, 2024

However, understanding what’s going on with some large language models (LLMs) in terms of how they’ve been trained, and on what data and whether the outputs can be trusted, is another matter considering the increasing rate of hallucinations. Gartner estimates that by 2030, synthetic data will overtake the use of real data in AI models.

Data Strategy 132

Data Strategy Strategy Data-driven Enterprise 132

CIO Business Intelligence

MARCH 25, 2024

Modern digital organisations tend to use an agile approach to delivery, with cross-functional teams, product-based operating models , and persistent funding. But to deliver transformative initiatives, CIOs need to embrace the agile, product-based approach, and that means convincing the CFO to switch to a persistent funding model.

Modeling 124

Modeling Cost-Benefit IT ROI 124

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. What are the key climate risk measurements and impacts? They need to understand; .

Risk 79

Risk Modeling Risk Management Measurement 79

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

IBM Big Data Hub

DECEMBER 13, 2023

A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. A procurement strategy is not merely a series of steps for acquiring goods and services. What is a procurement strategy?

Strategy 73

Strategy Cost-Benefit Key Performance Indicator Consulting 73

O'Reilly on Data

MAY 14, 2020

In our previous article, What You Need to Know About Product Management for AI , we discussed the need for an AI Product Manager. In this article, we shift our focus to the AI Product Manager’s skill set, as it is applied to day to day work in the design, development, and maintenance of AI products. The AI Product Pipeline.

Management 363

Management Experimentation B2B Machine Learning 363

IBM Big Data Hub

APRIL 8, 2024

In a world where every company is now a technology company, all enterprises must become well-versed in managing their digital products to remain competitive. In other words, they need a robust digital product lifecycle management (PLM) strategy. Companies commonly ignore this issue and allow the two models to operate separately.

Data-driven 62

Data-driven Management Data Governance Strategy 62

IBM Big Data Hub

SEPTEMBER 6, 2023

According to the IBM survey, when CMOs were asked what they thought the primary challenges were in adopting generative AI, they listed three top concerns: managing the complexity of implementation, building the data set and brand and intellectual property (IP) risk. The journey starts with sound data.

Marketing 123

Marketing Strategy B2B Cost-Benefit 123

CIO Business Intelligence

NOVEMBER 2, 2023

Rapid advancements in artificial intelligence (AI), particularly generative AI are putting more pressure on analytics and IT leaders to get their houses in order when it comes to data strategy and data management. But the enthusiasm must be tempered by the need to put data management and data governance in place.

Data Strategy 136

Data Strategy Strategy Sales Data Governance 136

CIO Business Intelligence

MAY 17, 2023

Excellent opportunities to save and make money, reduce risk, and develop new models of business emerge when business, IT and data teams work together, identifying where the enterprise’s most valuable data assets reside. Why it matters:  Data-driven business decisions must factor prominently in modernization efforts.

Data-driven 105

Data-driven Strategy IT Insurance 105

IBM Big Data Hub

DECEMBER 20, 2023

Without an AI strategy, organizations risk missing out on the benefits AI can offer. An AI strategy helps organizations address the complex challenges associated with AI implementation and define its objectives. What is an AI strategy? A successful AI strategy should act as a roadmap for this plan.

Strategy 80

Strategy Business Objectives Cost-Benefit Consulting 80

CIO Business Intelligence

DECEMBER 15, 2022

And IVL is experimenting with recyclable plastics as part of a circular economy model. To bring sustainability home, IVL sought to maximize the efficiency of its plants through digital transformation by replacing data silos with a single data source that would revolutionize enterprise asset management (EAM).

Risk 95

Risk Digital Transformation Software ROI 95

IBM Big Data Hub

APRIL 9, 2024

Preparing and annotating data IBM watsonx.data helps organizations put their data to work, curating and preparing data for use in AI models and applications. “For the Masters we use 290 traditional AI models to project where golf balls will land,” says Baughman. ” Watsonx.ai ” Watsonx.ai

Management 88

Management IT Machine Learning Metrics 88

IBM Big Data Hub

JANUARY 16, 2024

A finely tuned product development strategy is a holistic, cross-collaborative endeavor with the capacity to help any organization weather unforeseen events or market changes. Why is a strong product development strategy important? Consumers have access to more information than ever to compare products and brands.

Strategy 84

Strategy Cost-Benefit Testing Manufacturing 84

CIO Business Intelligence

MAY 13, 2024

IBM is betting big on its toolkit for monitoring generative AI and machine learning models, dubbed watsonx.governance , to take on rivals and position the offering as a top AI governance product, according to a senior executive at IBM. watsonx.governance is a toolkit for governing generative AI and machine learning models.

Risk 118

Risk Machine Learning Modeling Enterprise 118

CIO Business Intelligence

FEBRUARY 27, 2024

Business needs first, then the lifecycle management program Your infrastructure lifecycle management program should be aligned with your organization’s growth roadmap. Then, you should link your infrastructure adoption and governance strategy to specific business outcomes. The same principle applies to infrastructure.

Technology 105

Technology Management Manufacturing Cost-Benefit 105

CIO Business Intelligence

JULY 31, 2023

They note, too, that CIOs — being top technologists within their organizations — will be running point on those concerns as companies establish their gen AI strategies. Here’s a rundown of the top 20 issues shaping gen AI strategies today. How has, say, ChatGPT hit your business model?” This is an issue for CIOs.

Strategy 98

Strategy Risk Enterprise Risk Management 98

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. The day continues with Doug Fisher, SVP and CSO at Lenovo , who will share his strategies for strong security leadership.

Strategy 124

Strategy Metrics Risk Risk Management 124

IBM Big Data Hub

JANUARY 26, 2024

Vegetation management aims to mitigate these risks. But what exactly does vegetation management mean? In this blog, we’ll explore the importance of vegetation management, its impact on multiple industries, the challenges it presents and how technology can streamline this manual and laborious process.

Management 71

Management Risk Data-driven Reporting 71

O'Reilly on Data

MARCH 31, 2020

If you’re already a software product manager (PM), you have a head start on becoming a PM for artificial intelligence (AI) or machine learning (ML). But there’s a host of new challenges when it comes to managing AI projects: more unknowns, non-deterministic outcomes, new infrastructures, new processes and new tools.

Management 332

Management Machine Learning Experimentation Metrics 332

CIO Business Intelligence

AUGUST 1, 2022

As companies lean into data-first modernization to deliver best-in-class experiences and drive innovation, protecting and managing data at scale become core challenges. This can help IT teams map the right set of services to unique workflows and to ensure that data is securely managed and accessible regardless of location.

Strategy 98

Strategy Cost-Benefit Risk Management 98

CIO Business Intelligence

SEPTEMBER 27, 2023

Identifying worthwhile use cases Hackajob, a company that provides a platform for organizations to find and recruit IT and developer talent, began piloting generative AI models in the second half of 2022 as part of an informal research and development initiative to explore emerging technology trends.

Strategy 126

Strategy Risk Data-driven Modeling 126

CIO Business Intelligence

JANUARY 25, 2024

So says Andrew McAfee, principal research scientist at the MIT Sloan School of Management. Two-thirds of risk executives surveyed by Gartner consider gen AI a top emerging risk. Two-thirds of risk executives surveyed by Gartner consider gen AI a top emerging risk.

Strategy 104

Strategy Risk ROI Sales 104

CIO Business Intelligence

MARCH 9, 2022

Today’s cloud strategies revolve around two distinct poles: the “lift and shift” approach, in which applications and associated data are moved to the cloud without being redesigned; and the “cloud-first” approach, in which applications are developed or redesigned specifically for the cloud. Embrace cloud-native principles.

Strategy 145

Strategy Consulting Risk Testing 145

CIO Business Intelligence

JULY 19, 2022

Phishing/pharming, card testing, identity theft, and first-party misuse remain the most prevalent fraud attacks, each affecting more than three in 10 merchants globally, according to 2022 Global Fraud Report , by the Merchants Risk Council, Cybersource, and Verifi. 1] Cybersource/PYMNTS, 2022 Global Digital Shopping Index , February 2022. [2]

Risk 98

Risk Machine Learning Reporting Modeling 98

CIO Business Intelligence

NOVEMBER 28, 2023

And while all organizations work hard to prevent attacks through traditional security measures such as multi-factor authentication, patching, training, and more, the bad guys increasingly find their way in through poorly thought-out, scattered access and identity management practices. PAM takes many forms.

Management 118

Management IoT Sales Manufacturing 118