CIO Business Intelligence

OCTOBER 24, 2023

But adding these new capabilities to your tech stack comes with a host of security risks. For executives and decision-makers, understanding these risks is crucial to safeguarding your business. How should businesses mitigate the risks? Government and regulatory bodies also have a role to play in managing these risks.

Risk 103

Risk Recreation/Entertainment Data Collection Data Processing 103

IBM Big Data Hub

DECEMBER 8, 2023

.” This same sentiment can be true when it comes to a successful risk mitigation plan. The only way for effective risk reduction is for an organization to use a step-by-step risk mitigation strategy to sort and manage risk, ensuring the organization has a business continuity plan in place for unexpected events.

Risk 71

Risk Strategy Risk Management Insurance 71

Smart Data Collective

MAY 4, 2023

Unfortunately, as the world becomes more and more digital, cybersecurity risks are growing at a rapid pace. As a small business owner, this means that you and your business could be at risk of being attacked this very second. Thankfully, becoming aware of the risks out there can help you safeguard your business and mitigate your risks.

Risk 104

Risk Strategy Measurement Software 104

O'Reilly on Data

OCTOBER 30, 2023

These should not be a random grab-bag of measures thought up by outside regulators or advocates, but disclosures of the actual measurements and methods that the companies use to manage their AI systems. Methods by which the AI provider manages and mitigates risks identified via Red Teaming, including their effectiveness.

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Measurement Risk Modeling Metrics 296

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. What is GRC?

Risk 93

Risk Risk Management Strategy Enterprise 93

Analytics Vidhya

DECEMBER 20, 2023

This comprehensive strategy mainly aims to measure and forecast potential risks associated with AI development. OpenAI, the renowned artificial intelligence research organization, has recently announced the adoption of its new preparedness framework.

Forecasting 308

Forecasting Measurement Strategy Risk 308

Smart Data Collective

MAY 7, 2023

million —and organizations are constantly at risk of cyber-attacks and malicious actors. In order to protect your business from these threats, it’s essential to understand what digital transformation entails and how you can safeguard your company from cyber risks. What is cyber risk?

Digital Transformation 103

Digital Transformation Risk Strategy Testing 103

CIO Business Intelligence

AUGUST 4, 2023

In collaboration with our peers, we have a solid business sense that carefully weighs innovation and risk in order to gain valuable ROI while protecting the organization from all forms of risk associated with each project. If reversible, then there’s clearly less risk. What’s new and different today?

Risk 88

Risk Risk Management ROI Technology 88

Analytics Vidhya

JANUARY 15, 2024

In a startling revelation, researchers at Anthropic have uncovered a disconcerting aspect of Large Language Models (LLMs) – their capacity to behave deceptively in specific situations, eluding conventional safety measures.

Measurement 242

Measurement Risk Modeling Analytics 242

O'Reilly on Data

NOVEMBER 13, 2018

Fortunately, a recent survey paper from Stanford— A Critical Review of Fair Machine Learning —simplifies these criteria and groups them into the following types of measures: Anti-classification means the omission of protected attributes and their proxies from the model or classifier. Continue reading Managing risk in machine learning.

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Machine Learning Risk Management Statistics 220

CIO Business Intelligence

OCTOBER 13, 2022

Knowing your risk level as you navigate a large venue can help you avoid crowds and stay safely within your bubble – all of which empowers you to enjoy the experience all the more. Live at Eurovision: a Bluetooth App to Navigate Covid Risk. A New Normal: Bubble-Up for Safety at Live Events with Flockey. So, how does it work?

Risk 83

Risk Broadcasting Measurement Recreation/Entertainment 83

IBM Big Data Hub

SEPTEMBER 13, 2023

The role of attack surface management in data breach containment Despite employing an arsenal of cybersecurity measures to protect sensitive data, many organizations find themselves in a relentless race against time, as they strive to bridge the gap between the moment a data breach occurs and when it is effectively contained.

Risk 98

Risk Management Strategy Measurement 98

IBM Big Data Hub

MAY 8, 2023

This blog continues the discussion, now investigating the risks of adopting AI and proposes measures for a safe and judicious response to adopting AI. Risk and limitations of AI The risk associated with the adoption of AI in insurance can be separated broadly into two categories—technological and usage.

Insurance 69

Insurance Risk Testing Data Quality 69

IBM Big Data Hub

APRIL 25, 2023

Environmental, Social, and Governance (ESG) risk management has emerged as a critical aspect of business strategy for companies worldwide. However, 57% of CEOs admit that defining and measuring the Return on Investment (ROI) and economic benefits of their sustainability efforts remain a significant challenge. Conduct ESG assessments.

Risk Management 80

Risk Management Risk Management Metrics 80

IBM Big Data Hub

AUGUST 3, 2023

Organizations cannot risk unnecessary unplanned downtime or increased latencies because an application failed or underperformed. Software downtime is a huge organizational risk because it decreases customer satisfaction and potentially violates a service-level agreement with end users.

Measurement 63

Measurement Metrics Risk Software 63

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? Generate Scenarios.

Risk 80

Risk Modeling Risk Management Measurement 80

Smart Data Collective

APRIL 19, 2021

But in most instances, the real risk comes from within. From conversing on personal devices (BYODs) to sending documents to the wrong recipient, or using unsecured applications for transfers, the risk for potential leaks is high. Around 66% of all data leaks are caused by employees making mistakes with digital records.

Risk 121

Risk Management Measurement Optimization 121

CIO Business Intelligence

DECEMBER 19, 2023

Their steady income stream and relatively low risk compared to equities make them an especially important component of pension and retirement planning. Each type of issuer presents a different level of risk and tax treatment. That should give bond-holders an extra measure of confidence in automation.

Risk 52

Risk Cost-Benefit Unstructured Data Data-driven 52

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. These observations would have spanned a distribution, which the model leveraged to make its forecasts.

Risk 59

Risk Modeling Metrics Measurement 59

Smart Data Collective

FEBRUARY 14, 2023

However, it is important to understand the benefits and risks associated with cloud computing before making the commitment. However, there are some risks associated with using cloud-based software for business purposes. Firstly, there is always the risk of data breaches due to cyber-attacks or human error.

Risk 95

Risk Cost-Benefit Software Technology 95

Alation

JANUARY 9, 2023

Alation joined with Ortecha , a data management consultancy, to publish a white paper providing insights and guidance to stakeholders and decision-makers charged with implementing or modernising data risk management functions. The Increasing Focus On Data Risk Management. Download the complete white paper now.

Risk Management 52

Risk Management Risk Management Metadata 52

Anmut

MARCH 22, 2023

A data maturity model helps your company measure its data and business health. Stage 2: Risk While there is a general awareness of the benefits of data governance , roles are poorly understood. Monitoring data performance Once you’re able to measure and invest in your data, you need to monitor it.

Measurement 52

Measurement Modeling Data Quality Data Governance 52

IBM Big Data Hub

OCTOBER 16, 2023

As more businesses use AI systems and the technology continues to mature and change, improper use could expose a company to significant financial, operational, regulatory and reputational risks. It encompasses risk management and regulatory compliance and guides how AI is managed within an organization.

Risk 73

Risk Modeling Management Metadata 73

CIO Business Intelligence

JULY 11, 2022

Smart use of modern network security solutions and practices give CISOs their best chance fight against threats and mitigate risk. . Where current network security measures are falling short. The importance of observability, security intelligence, AI, and ML in a network security strategy.

Risk 77

Risk Technology Measurement Software 77

Smart Data Collective

OCTOBER 28, 2020

If you process data of any kind – even if you only collect email addresses – you need strong cybersecurity measures. Make sure you have the following cybersecurity measures in place. Anytime employees use a personal device for work, your company data is at risk. Data breaches lead to fraud and huge fines.

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Measurement Strategy Risk Marketing 100

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.

Risk 52

Risk Modeling Metrics Business Objectives 52

IBM Big Data Hub

AUGUST 1, 2023

Risk-based application patching helps IT pros discover vulnerable apps and automatically patch them based on the criticality of the situation. ” What is risk-based application patching? Modern unified endpoint management (UEM) solutions include laptop management.

Risk 54

Risk Management Machine Learning IoT 54

Smart Data Collective

JUNE 19, 2019

The Relationship between Big Data and Risk Management. While the sophisticated Internet of Things can positively impact your business, it also carries a significant risk of data misuse. Tips for Improving Risk Management When Handling Big Data. Risk management is a crucial element of any successful organization.

Risk Management 70

Risk Management Risk Management Big Data 70

IBM Big Data Hub

APRIL 15, 2024

The average employee works on autopilot, and to ensure that cybersecurity issues and risks are ingrained in their day-to-day decisions, we need to design and build programs that truly understand their intuitive way of working. This needs to be coupled with effective metrics to measure progress and demonstrate the value.

Metrics 90

Metrics Measurement Risk Data Processing 90

CIO Business Intelligence

AUGUST 16, 2023

We put sensors in the vessels, and with the measurement data we receive, we can see how full they are and plan the routes accordingly,” says Andreas Bäckström, a business developer at Division Drift. Digital alerts Another project deals with slow-moving vehicles, something that increases the risk of accidents on the roads.

Risk 77

Risk Cost-Benefit Digital Transformation Internet of Things 77

Smart Data Collective

MAY 15, 2019

On the other hand, big data has created a number of security risks that they need to be aware of, especially with brands leveraging Hadoop technology. Big data has created a number of security risks for Bluetooth users. Bluetooth Security Risks in the Age of Big Data. The best way to reduce the risk is to turn Bluetooth off.

Big Data 91

Big Data Risk Measurement Data mining 91

IBM Big Data Hub

APRIL 19, 2024

Asset performance management (APM) processes, such as risk-based and predictive maintenance and asset investment planning (AIP), enable health monitoring technologies. Cybersecurity reduces risk exposure for cyberattacks on digitally connected assets. Risk-based asset strategies align maintenance efforts to balance costs and risks.

Management 78

Management Internet of Things Risk IoT 78

CIO Business Intelligence

MARCH 3, 2024

One component of corporate IT that has long been ‘in range’ for cyber criminals that is often overlooked when protection measures are being put in place are multifunction printers – widely used in almost every organisation. Fortunately, there are tools available to deal with the specific security challenges presented by printers.

IT 97

IT Measurement Risk Testing 97

O'Reilly on Data

JUNE 15, 2023

Should we risk loss of control of our civilization?” If we want prosocial outcomes, we need to design and report on the metrics that explicitly aim for those outcomes and measure the extent to which they have been achieved. Should we automate away all the jobs, including the fulfilling ones?

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Metrics Reporting Measurement Finance 283

CIO Business Intelligence

AUGUST 1, 2023

Our measure of success is that nearly two dozen instances of ILDA have been created to date,” says Tepe. “From a technology perspective, success was defined in the simple terms of being able to expand the ILDA software suite to other participating tribes while continuing to develop the features and capabilities of the application.

Risk 98

Risk IT Software Digital Transformation 98

CIO Business Intelligence

NOVEMBER 6, 2023

This makes it more critical than ever to adopt strong security measures to protect sensitive information and infrastructure. A Defense in Depth strategy is essential because it helps businesses stay ahead of these risks by implementing multiple lines of defense.

Risk 121

Risk Measurement Cost-Benefit Strategy 121

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