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? They need to understand;

Risk 83

Risk Modeling Risk Management Measurement 83

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

bridgei2i

NOVEMBER 20, 2020

Episode 2: AI enabled Risk Management for FS powered by BRIDGEi2i Watchtower. AI enabled Risk Management for FS powered by BRIDGEi2i Watchtower. Today the Chief Risk Officers(CROs) struggle with the critical task of monitoring and assessing key risks in real time and firefight to mitigate any critical issues that arise.

Risk Management 92

Risk Management Risk Management Metrics 92

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

CIO Business Intelligence

MAY 9, 2024

They should lead the efforts to tie AI capabilities to data analytics and business process strategies and champion an AI-first mindset throughout the organization. Companies want candidates who can drive innovation, deliver meaningful business results, and work closely with other leaders to manage risks.

Risk Management 130

Risk Management Risk Cost-Benefit Technology 130

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

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

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

O'Reilly on Data

DECEMBER 12, 2019

Not least is the broadening realization that ML models can fail. And that’s why model debugging, the art and science of understanding and fixing problems in ML models, is so critical to the future of ML. Because all ML models make mistakes, everyone who cares about ML should also care about model debugging. [1]

Machine Learning 191

Machine Learning Modeling Testing Risk Management 191

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 111

Risk Machine Learning Modeling Enterprise 111

CIO Business Intelligence

MARCH 8, 2023

As organizations shape the contours of a secure edge-to-cloud strategy, it’s important to align with partners that prioritize both cybersecurity and risk management, with clear boundaries of shared responsibility. Outsourcing IT operations has become a smart business strategy. Include the enterprise risk management team.

Modeling 95

Modeling Risk Management Internet of Things Risk 95

CIO Business Intelligence

NOVEMBER 21, 2023

Ask IT leaders about their challenges with shadow IT, and most will cite the kinds of security, operational, and integration risks that give shadow IT its bad rep. That’s not to downplay the inherent risks of shadow IT.

IT 137

IT Risk Cost-Benefit Risk Management 137

Smart Data Collective

JULY 16, 2023

The Imperative of Risk Mitigation A crucial element in the world of financial investments is effective hedge fund management. Optimizing hedge fund performance requires the implementation of intelligent strategies, from managing risks to maximizing returns, improving investor relations, and adapting to shifting market conditions.

ROI 71

ROI Data Analytics Analytics Risk Management 71

IBM Big Data Hub

APRIL 19, 2024

Asset management and technological innovation Advancements in technology underpin the need for holistic grid asset management, making the assets in the grid smarter and equipping the workforce with smart tools. Cybersecurity reduces risk exposure for cyberattacks on digitally connected assets.

Management 94

Management Internet of Things Risk IoT 94

CIO Business Intelligence

DECEMBER 19, 2023

This year’s technology darling and other machine learning investments have already impacted digital transformation strategies in 2023 , and boards will expect CIOs to update their AI transformation strategies frequently. Luckily, many are expanding budgets to do so. “94%

Digital Transformation 143

Digital Transformation Unstructured Data Machine Learning Risk Management 143

CIO Business Intelligence

MAY 2, 2024

Security and risk management pros have a lot keeping them up at night. Then, you can develop a strategy that integrates advanced technologies to help you prevent (not just detect) them. This strategy forms the basis for companies to navigate the “cyber pandemic” we face and onto a more secure, trusted future.

Strategy 115

Strategy Risk Management Risk Measurement 115

John Wheeler

OCTOBER 21, 2019

Over the past month, I’ve been speaking to various groups to help them prepare for the onslaught of digital risks in their organizations. A common theme is the need for greater risk quantification beyond the realm of traditional, qualitative governance, risk and compliance (GRC) approaches.

Risk 53

Risk Risk Management Digital Transformation Insurance 53

IBM Big Data Hub

MARCH 4, 2024

While many organizations have implemented AI, the need to keep a competitive edge and foster business growth demands new approaches: simultaneously evolving AI strategies, showcasing their value, enhancing risk postures and adopting new engineering capabilities. Consider the following: Do you need a public foundation model?

Enterprise 107

Enterprise ROI Risk Strategy 107

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 132

Risk Interactive Insurance Strategy 132

IBM Big Data Hub

MARCH 25, 2024

For other financial services firms outside of the insurance sector, property accepted as loan security might face climate-related risks as well. Longer-term local climate change risks might still devalue property that hasn’t suffered damage. As a result, their market would shrink.

Insurance 95

Insurance Forecasting Risk Risk Management 95

CIO Business Intelligence

SEPTEMBER 14, 2023

Nasdaq is currently using gen AI for a range of applications, including supporting digital investigators’ efforts to identify financial crime risk and empowering corporate boards to consume presentations and disclosures more efficiently.

Risk Management 116

Risk Management Risk Marketing Cost-Benefit 116

Alation

MARCH 14, 2023

Data gathering and use pervades almost every business function these days — and it’s widely acknowledged that businesses with a clear strategy around data are best placed to succeed in competitive, challenging markets such as defence. What is a data strategy? Why is a data strategy important?

Data Strategy 52

Data Strategy Strategy Metadata Data Quality 52

CIO Business Intelligence

JUNE 23, 2023

It helps reduce risk, increase efficiency, optimize resources, and improve both the customer and employee experience. When asked what keeps them up at night, IT leaders noted the need to improve overall IT performance (60%), followed by data security (50%), process risk and compliance (46%), and the need to improve agility (41%).

IT 98

IT Risk Management Risk Optimization 98

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

MARCH 21, 2024

Through this strategy, Lovelady and his team have struck the often difficult to balance attributes of business unit flexibility with enterprise scale. “At These include network management, help desk, establishing and enforcing policies related to information security and risk management, and several other IT functions.

IT 111

IT Manufacturing Risk Management Risk 111

CIO Business Intelligence

AUGUST 25, 2022

As organizations shape the contours of a secure edge-to-cloud strategy, it’s important to align with partners that prioritize both cybersecurity and risk management, with clear boundaries of shared responsibility. Outsourcing IT operations has become a smart business strategy. Include the enterprise risk management team.

Risk Management 116

Risk Management Internet of Things Risk IoT 116

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 125

Enterprise Modeling Testing Data-driven 125

CIO Business Intelligence

SEPTEMBER 7, 2023

Additionally, related issues during use are risk of hallucinations and prompt engineering. 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.

Risk Management 98

Risk Management Risk Testing Digital Transformation 98

CIO Business Intelligence

JANUARY 11, 2024

IT leaders understand that the models are only as good as the information on which they are educated. Ensuring data integrity is part of a broader governance approach organizations will require to deploy and manage AI responsibly. For more insights, strategies, and best practices for IT leaders, visit Workday’s CIO Insights.

Enterprise 128

Enterprise Uncertainty Risk Management Reporting 128

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. There is significant competition in the industry, and emerging tactics and strategies must be accepted to survive the market competition. The Role of Big Data. Perks Associated with Big Data.

Big Data 142

Big Data Finance Risk Management Risk 142

Cloudera

MARCH 25, 2021

Probably more well known, the EU’s GDPR serves as a model for much of the new data privacy legislation coming forward. Risk management can be optimized by the improved use of data and analytics to run models, account for more variables and scrutinize probable outcomes. appeared first on Cloudera Blog.

Data Strategy 67

Data Strategy Strategy Enterprise Insurance 67

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

O'Reilly on Data

JANUARY 22, 2019

An exploration of three types of errors inherent in all financial models. At Hedged Capital , an AI-first financial trading and advisory firm, we use probabilistic models to trade the financial markets. All financial models are wrong. Clearly, a map will not be able to capture the richness of the terrain it models.

Modeling 134

Modeling Finance Uncertainty Data mining 134

IBM Big Data Hub

DECEMBER 4, 2023

IBM’s governance framework is built around four core roles within the company: The Policy Advisory Committee: senior global leaders who provide oversight of the AI Ethics Board and help to establish the company’s strategy and risk tolerance. It helps accelerate responsible, transparent and explainable AI workflows.

Consulting 82

Consulting Risk Metadata Risk Management 82

bridgei2i

APRIL 23, 2020

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. Europe is in worse shape than America, with banks in UK, Italy and Germany in the risk of being in red.

Risk 52

Risk Management Scorecard Forecasting 52

FineReport

APRIL 9, 2024

From advanced analytics to predictive modeling, the evolving landscape of business intelligence is revolutionizing how data is processed and leveraged for actionable insights. Additionally, BI tools enable organizations to adopt a data-driven approach to strategy formulation, leading to more informed decision-making at all levels.

Business Intelligence 52

Business Intelligence Software Data-driven Predictive Modeling 52

CIO Business Intelligence

JUNE 12, 2023

COBIT is an IT management framework developed by the ISACA to help businesses develop, organize, and implement strategies around information management and IT governance. COBIT 2019 was introduced to build governance strategies that are more flexible and collaborative and that address new and changing technology.

Risk Management 94

Risk Management Strategy Digital Transformation Enterprise 94