article thumbnail

Cyber Risk, Digital Risk and The Digitalization of Risk Management

John Wheeler

However, for security and risk management professionals it can make a huge difference. Take for example the terms cyber risk, digital risk and the digitalization of risk management. Viewed together, the three terms represent key aspects of integrated risk management (IRM).

article thumbnail

Ways in Which AI can Improve Enterprise Risk Management

bridgei2i

From supply chain optimization to automating recurring tasks, using chatbots and personalizing suggestions for improved customer service, and making the most of business intelligence for better decision making, AI is the go-to choice for most businesses, irrespective of the industry. However, risk management is no way lagging.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Optimizing Risk and Exposure Management – Roundtable Highlights

Cloudera

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. . Attendees included senior risk managers and analytics experts from financial institutions and insurance companies.

Risk 102
article thumbnail

Automating Model Risk Compliance: Model Development

DataRobot Blog

Addressing the Key Mandates of a Modern Model Risk Management Framework (MRM) When Leveraging Machine Learning . The regulatory guidance presented in these documents laid the foundation for evaluating and managing model risk for financial institutions across the United States.

Risk 64
article thumbnail

Bringing Financial Services Business Use Cases to Life: Leveraging Data Analytics, ML/AI, and Gen AI

Cloudera

In this context, Cloudera and TAI Solutions have partnered to help financial services customers accelerate their data-driven transformation, improve customer centricity, ensure compliance with regulations, enhance risk management, and drive innovation.

article thumbnail

How generative AI will revolutionize supply chain 

IBM Big Data Hub

Unlocking the full potential of supply chain management has long been a goal for businesses that seek efficiency, resilience and sustainability. In the age of digital transformation, the integration of advanced technologies like generative artificial intelligence brings a new era of innovation and optimization.

article thumbnail

How to use foundation models and trusted governance to manage AI workflow risk

IBM Big Data Hub

It includes processes that trace and document the origin of data, models and associated metadata and pipelines for audits. It encompasses risk management and regulatory compliance and guides how AI is managed within an organization. Foundation models can use language, vision and more to affect the real world.

Risk 72