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How to get your CFO to buy into a better model for IT funding

CIO Business Intelligence

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 119
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Automating Model Risk Compliance: Model Monitoring

DataRobot Blog

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
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7 ways to ensure the success of product-centric reliability

CIO Business Intelligence

In order to create a culture where product teams own the reliability of their offerings, the Digital Payments team made seven instrumental changes: Define, measure, and reveal product goals : We broke down and extended key reliability goals to each product area.

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8 Reasons Why Digital Transformations Fail (11 CIOs Weigh In)

Alation

To remain relevant, organizations seek “ digital transformation ,” a business philosophy steeped in change and in which technology plays a heavy hand supporting business models and value propositions. Failing to measure the impact of digital transformation against corporate strategies and OKRs. But that future is already here.

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10 emerging innovations that could redefine IT

CIO Business Intelligence

Once wild and seemingly impossible notions such as large language models, machine learning, and natural language processing have gone from the labs to the front lines. Now some AI architects are eyeing the long-forgotten model of analog computation where values are expressed as voltages or currents.

IT 137
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Transforming IT for digital success

CIO Business Intelligence

A 2023 report titled The Digital Disconnect: Linking Vision to Real-World Execution from digital services firm West Monroe speaks to this point, finding that while 86% of organizations say they’re “effective at creating digital products and experiences that customers love,” only 17% score 4 out of 9 or higher on the firm’s Product Scorecard.

IT 134
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COVID-19 Effects on Financial Services & Managing Risk

bridgei2i

The banking sector globally is definitely going to see impact, some more grave than the others and most of them are announcing short to mid term measure both from a customer and business risk mitigation standpoint. They will also need recalibrated scorecards post-COVID as the existing models will not hold.

Risk 52