CIO Business Intelligence

FEBRUARY 20, 2024

While cloud risk analysis should be no different than any other third-party risk analysis, many enterprises treat the cloud more gently, taking a less thorough approach. Interrelations between these various partners further complicate the risk equation. That’s where the contract comes into play.

Risk 131

Risk Enterprise Strategy Snapshot 131

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 includes processes that trace and document the origin of data, models and associated metadata and pipelines for audits.

Risk 77

Risk Modeling Management Metadata 77

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. Best practices, framework and technology have been developed to support this work. GRC is overarching.

Risk 115

Risk Risk Management Strategy Enterprise 115

CIO Business Intelligence

JUNE 9, 2023

There is no exception in our nation’s civil rights laws for new technologies and artificial intelligence that engage in unlawful discrimination,” said its director Rohit Chopra recently on CNBC. We have to look at the data on which the model is trained, but also at how the algorithms are designed and the selection of functions. “We

Risk 105

Risk Machine Learning Modeling Technology 105

Analytics Vidhya

JANUARY 23, 2024

In a significant move towards responsible technological integration, the World Health Organization (WHO) has issued comprehensive guidelines on the ethical use and governance of AI and Large Multi-Modal Models (LMMs) in the field of healthcare.

Risk 295

Risk Modeling Technology Analytics 295

CIO Business Intelligence

MARCH 25, 2024

And they want to know exactly how much return on investment (ROI) can be expected when IT leaders make technology-related changes. Continuous and dependable funding facilitates IT leaders’ ability to deliver leading-edge technology solutions while not increasing technical debt. Meanwhile, CIOs want certainty when it comes to funding.

Modeling 124

Modeling Cost-Benefit IT ROI 124

CIO Business Intelligence

FEBRUARY 27, 2024

Does your organization see technology infrastructure as a commodity or as a strategic business enabler? The answer will shape your approach to infrastructure: you can keep legacy infrastructure going as long as you can, or you can pursue the cutting edge of technology. Legacy technology also affects sustainability.

Technology 105

Technology Management Manufacturing Cost-Benefit 105

CIO Business Intelligence

AUGUST 25, 2022

About 41% of boards of directors in enterprises, according to a survey spanning 273 respondents across US, Europe and APAC, viewed geopolitical power shifts and turbulence as one of the biggest risks to performance. Data sovereignty will be a key focus area for CIOs. These policies can lead to CIOs being mandated to buy from certain vendors.

Risk 145

Risk Enterprise Reporting Technology 145

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 80

Risk Modeling Risk Management Measurement 80

IBM Big Data Hub

FEBRUARY 22, 2024

The rise of foundation models that power the growth of generative AI and other AI use cases offers exciting possibilities—yet it also raises new questions and concerns about their ethical design, development, deployment, and use. Known risks from prior or earlier forms of AI systems.

Modeling 68

Modeling Risk Strategy Enterprise 68

John Wheeler

NOVEMBER 24, 2020

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). For Shakespeare’s Juliet, not much.

Risk Management 85

Risk Management Risk Management Technology 85

Cloudera

FEBRUARY 4, 2021

Financial services institutions need the ability to analyze and act on massive volumes of data from diverse sources in order to monitor, model, and manage risk across the enterprise. They need a comprehensive data and analytics platform to model risk exposures on-demand. Cloudera is that platform.

Risk 88

Risk Marketing Technology Management 88

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 74

Insurance Risk Testing Data Quality 74

IBM Big Data Hub

MAY 1, 2023

This wave of AI is attributable to what are known as foundation models. What are foundation models? As the name suggests, foundation models can be the foundation for many kinds of AI systems. Using machine learning techniques, these models apply information learned about one situation to another situation.

Modeling 100

Modeling Risk Machine Learning Technology 100

CIO Business Intelligence

NOVEMBER 16, 2023

It’s the fastest-moving new technology in history. A large language model (LLM) is a type of gen AI that focuses on text and code instead of images or audio, although some have begun to integrate different modalities. That’s where another level of risk mitigation comes in. Dig Security addresses this possibility in two ways.

Modeling 139

Modeling Enterprise Marketing Sales 139

IBM Big Data Hub

MAY 9, 2023

Data must be laboriously collected, curated, and labeled with task-specific annotations to train AI models. Building a model requires specialized, hard-to-find skills — and each new task requires repeating the process. ” These large models have lowered the cost and labor involved in automation.

Enterprise 134

Enterprise Technology Modeling Cost-Benefit 134

Smart Data Collective

AUGUST 30, 2022

The market for cloud technology is booming. Enterprise cloud technology applications are the future industry standard for corporations. Here’s how enterprises use cloud technologies to achieve a competitive advantage in their essential business applications. Companies spent over $405 billion on cloud services last year.

Technology 131

Technology Enterprise Cost-Benefit Testing 131

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

Decision Management Solutions

APRIL 23, 2019

In February, we published a blog post on “Using Technology to Add Value in Insurance”. In that post, I referenced Matt Josefowticz’s article – Technology May be the Answer for Insurers, but What Was the Question? , Let’s dive into greater detail on the second lever – Manage Risk Better.

Insurance 69

Insurance Risk Technology Management 69

CIO Business Intelligence

OCTOBER 24, 2023

The paradigm shift towards the cloud has dominated the technology landscape, providing organizations with stronger connectivity, efficiency, and scalability. In light of this, developer teams are beginning to turn to AI-enabled tools like large language models (LLMs) to simplify and automate tasks.

Modeling 119

Modeling Risk Reporting Machine Learning 119

IBM Big Data Hub

JUNE 19, 2023

A perfect storm of disease, war, technological innovation, overspecialization, unchecked climate change and geopolitical tensions have shattered global supply chains and had a significant impact on the global economy. However, now we see how brittle these global supply chains are.

Risk 84

Risk Manufacturing Reporting Modeling 84

IBM Big Data Hub

SEPTEMBER 12, 2023

The UK government’s Ecosystem of Trust is a potential future border model for frictionless trade, which the UK government committed to pilot testing from October 2022 to March 2023. The models also reduce private sector customs data collection costs by 40%.

Testing 94

Testing Modeling Cost-Benefit Consulting 94

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. Hexaware conducted extensive fine-tuning to adapt the model to different industries and company types.

Risk 52

Risk Cost-Benefit Unstructured Data Data-driven 52

IBM Big Data Hub

MARCH 7, 2023

The challenge was gleaning relevant insights from the vast amount of data collected to help identify those infants at risk. The specific approach we took required the use of both AI and edge computing to create a predictive model that could process years of anonymized data to help doctors make informed decisions.

Risk 52

Risk Technology Informatics Predictive Modeling 52

Smart Data Collective

FEBRUARY 14, 2023

Businesses around the world spent over $545 billion on cloud technology last year. However, it is important to understand the benefits and risks associated with cloud computing before making the commitment. We published a post in the past on some of the companies that have benefited from cloud technology.

Risk 94

Risk Cost-Benefit Software Technology 94

Analytics Vidhya

MARCH 21, 2023

Introduction With the rapid advancements in Artificial Intelligence (AI), it has become increasingly important to discuss the ethical implications and potential risks associated with the development of these technologies.

Risk 313

Risk Modeling Technology Analytics 313

Data Virtualization

FEBRUARY 15, 2024

Reading Time: 3 minutes Often, our fascination with technology leads us to focus on the details of our work rather than its essence; we risk seeing technology not as a means to an end but as the goal, and this is especially true when.

Data Integration 59

Data Integration Technology Risk Management 59

CIO Business Intelligence

JULY 20, 2023

Workflow automation and data analytics are streamlining document management, cross-checking data, assessing for risk, ensuring regulatory compliance, and so on. Customer experience and security But as in most industries, customer expectations and security challenges continue to grow along with technological advances.

Technology 98

Technology Finance Advertising Digital Transformation 98

CIO Business Intelligence

MAY 17, 2022

Even if the AI apocalypse doesn’t come to pass, shortchanging AI ethics poses big risks to society — and to the enterprises that deploy those AI systems. The following real-world implementation issues highlight prominent risks every IT leader must account for in putting together their company’s AI deployment strategy.

Risk 145

Risk Consulting Machine Learning Data Science 145

Smart Data Collective

AUGUST 27, 2020

Cloud technology is leading to a number of disruptive changes for many companies all over the world. One of the areas where cloud technology has had a large impact is with supply chain management. Moving your supply chain model to the cloud could be one of the best ways to reduce these concerns.

Risk Management 102

Risk Management Risk Management Software 102

IBM Big Data Hub

FEBRUARY 15, 2024

I’m a firm believer that exceptional brick-and-mortar retail, no matter the product category, stands on three essential pillars for success: Proud, well-trained, engaged team members with clear career paths A brand deeply rooted in strong cultural values A backbone of superior technology Missing any of these elements?

Technology 67

Technology Data-driven Risk Modeling 67

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 190

Machine Learning Modeling Testing Risk Management 190

Smart Data Collective

AUGUST 9, 2022

The risk of data breaches is rising sharply. Fortunately, new technology can help enhance cybersecurity. Big data technology is becoming more important in the field of cybersecurity. However, Agile technology defies this rule of thumb, especially when developers leverage big data effectively.

Big Data 108

Big Data Technology Testing Cost-Benefit 108

CIO Business Intelligence

APRIL 16, 2024

While warp speed is a fictional concept, it’s an apt way to describe what generative AI (GenAI) and large language models (LLMs) are doing to exponentially accelerate Industry 4.0. By leveraging a GenAI-fueled edge with small language models (SLMs), this lengthy work will be streamlined and simplified. Data privacy and security.

Manufacturing 140

Manufacturing Digital Transformation Risk Dashboards 140

CIO Business Intelligence

MARCH 23, 2022

Business and technology were once seen as separate or distinct, but today they are deeply intertwined. In fact, the days of task-driven technology have vanished, replaced by technology as a vehicle for business growth. Effective leaders pivot and deploy the right technologies to solve for business needs.

Technology 98

Technology IoT Internet of Things Data-driven 98