Top 4 Emerging Technologies for Better Disaster Risk Management

DataFloq

Increasing urbanization and the nature-exploiting attitude of resource-hungry humankind exposed almost every region on the planet earth to disasters and climate risks. Emerging Technologies for Disaster Risk Management.

Model Risk Management And the Role of Explainable Models(With Python Code)

Analytics Vidhya

The post Model Risk Management And the Role of Explainable Models(With Python Code) appeared first on Analytics Vidhya. Intermediate Machine Learning Python Structured Data Supervised Technique blogathon Model risk management

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Risk Management Framework for AI/ML Models

KDnuggets

How sound risk management acts as a catalyst to building successful AI/ML models. KDnuggets Originals Machine Learning

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. What’s in a name? For Shakespeare’s Juliet, not much.

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Cloud-Based Supply Chain Risk Management Is Key To A Company’s Future

Smart Data Collective

One of the areas where cloud technology has had a large impact is with supply chain management. It’s important to know how to protect your own firm from spend risk, supply chain disruption while enhancing the company’s ability to thrive. Mitigate spend risk in real time.

A “PRACtical” View of Emerging Risk Management Technologies

John Wheeler

Gartner’s “Hype Cycle for Risk Management, 2019” report was published almost a month ago and reader response has been overwhelmingly positive. In this year’s report, we highlight the need for a “PRACtical” view of risk management technologies to fuel digital business growth. Hype Cycle for Risk Management, 2019 Source: Gartner.

Gartner Explores Tech Innovations in Integrated Risk Management

John Wheeler

This week, we kicked-off a major research effort to explore current innovations in the rapidly expanding integrated risk management (IRM) market. With an integrated risk view, Gartner advises the use of RiskTech to identify material operational risks.

How Big Data Analytics Improves Reputation Risk Management In Banking Sector

DataFloq

In the banking industry, trust is the largest bankable asset for any institution and its risk profiling happens to be the most volatile, complex, and regressional one among the non-systematic risks.

How BI Improves Risk Management within Organisations

Sisense

As businesses adapt to the pandemic and shift to new norms, risk mitigation strategies have become as normal and ubiquitous as having a fire escape in the office. Smarter, AI-driven learning and development initiatives will help mitigate risk in our rapidly evolving world.

Enterprise MLOps for Model Risk Management

Domino Data Lab

Model Management Uncategorized Model Liability Model Develop

Building Tax Planning into Enterprise Risk Management Strategies

Insight Software

Tax planning is playing an increasingly important part in corporates’ enterprise resource management (ERM) strategies, driven by the many uncertainties created by political, economic, and pandemic-related trends. Take Responsibility for Risk Oversight.

Streamlining the AI model risk management process

IBM Big Data Hub

But some AI models can add complexity and risk. You can minimize that risk and also streamline the process of model validation by using IBM Cloud Pak for Data , a data and AI platform that includes IBM Watson Studio, Watson Machine Learning, Watson OpenScale and other services

Practical Points from the DGPO: An Introduction to Information Risk Management

The Data Administration Newsletter

Individuals are starting to pay attention to organizational vulnerabilities that compound risks associated with managing, protecting, and enabling access […].

How a “PRACtical” Approach to Risk Management Will Aid COVID-19 Recovery Efforts

John Wheeler

As the recovery efforts fully take hold in 2021, a deep understanding of the integrated nature of risks associated with business operations will take center stage. A “PRACtical” Approach Provides a Balanced View of Risk.

GRC 20/20 Hindsight No Longer Effective in a Post COVID-19 World

John Wheeler

Now that we are recovering from the COVID-19 pandemic crisis, our clients are now looking forward to deploy new ways of managing risk. They can no longer look to the past as an exclusive indicator of what risks may lie ahead. Technology Outlook for Integrated Risk Management.

What Is Model Risk Management and How is it Supported by Enterprise MLOps?

Domino Data Lab

Model Risk Management is about reducing bad consequences of decisions caused by trusting incorrect or misused model outputs. What Is Model Risk? The genesis of Model Risk Management was in the banking industry. Types of Model Risk. Management.

IRM Is Essential for Digital Transformation Success

John Wheeler

Last week, I had the distinct privilege to join my Gartner colleagues from our Risk Management Leadership Council in presenting the Q4 2018 Emerging Risk Report. We hosted more than 500 risk leaders across the globe in our exploration of the most critical risks. The Q4 2018 Emerging Risks Survey, designed by Gartner, captures and analyzes senior executives’ opinions on emerging risks and provides actionable insight on identifying and mitigating these risks.

Why Leading Organizations Adopt IRM Over GRC

John Wheeler

Gartner continues to receive high client demand for integrated risk management (IRM) insights and what IRM offers beyond the typical governance, risk and compliance (GRC) technology deployments.

PODCAST: COVID19 | Redefining Digital Enterprises – Episode 7: The Impact of COVID-19 on Financial Services & Risk Management

bridgei2i

Episode 7: The Impact of COVID-19 on Financial Services & Risk. Management. The Impact of COVID-19 on Financial Services & Risk Management. Now, the first of those areas is definitely risk and portfolio management.

Ways in Which AI can Improve Enterprise Risk Management

bridgei2i

However, risk management is no way lagging. ERM or Enterprise Risk Management is being used to identify crises long before it blows up into a huge problem. AI for risk assessment and management is a trending topic in the market for many reasons. AI for risk.

PODCAST: Making AI Real – Episode 2: AI enabled Risk Management for FS powered by BRIDGEi2i Watchtower

bridgei2i

Episode 2: AI enabled Risk Management for FS powered by BRIDGEi2i Watchtower. AI enabled Risk Management for FS powered by BRIDGEi2i Watchtower. It helps companies identify opportunities for proactive risk intervention. Monica Gupta, Manager, AI Actions.

Here’s Why IRM Solutions Are Superior to Archaic GRC Technology

John Wheeler

Gartner clients are consistently searching for ways to improve their risk management programs to deliver greater value to the enterprise. Whether it is to bolster performance in support of new digital transformation efforts or to reduce spend associated with bloated governance, risk and compliance (GRC) bureaucracies, the need for better solutions is real. That’s why Gartner has been promoting integrated risk management (IRM) solutions for the past 4 years.

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IRM 2020: Market Momentum Continues

John Wheeler

2020 marks Gartner’s fifth year of integrated risk management (IRM) technology coverage and the market continues to grow at a rapid pace. These new digital products and services create a host of new risks that require IRM technology.

Financial institutions can gain new AI model risk management capabilities with IBM Watson OpenScale

IBM Big Data Hub

However, AI models introduce new risks Many financial institutions are rapidly developing and adopting AI models. They’re using the models to achieve new competitive advantages such as being able to make faster and more successful underwriting decisions.

Emerging Trends: 4 IRM Market Insights to Aid COVID-19 Business Recovery

John Wheeler

Integrated risk management (IRM) technology is uniquely suited to address the myriad of risks arising from the current crisis and future COVID-19 recovery. As more businesses are maturing their risk management practices, the buying center for IRM is shifting.

Risk 90

IRM Remains Gartner Top Emerging Tech Topic in 2021

John Wheeler

The world of risk is growing more complex and dynamic as organizations navigate challenges associated with COVID-19, privacy, ethics and compliance, ESG, cybersecurity and digital business. Emerging Technologies: Critical Insights for Integrated Risk Management.

20 for 20: Top 20 IRM Research Publications

John Wheeler

This month, we continue our “20 for 20” theme by highlighting the top 20 “most read” research publications in our integrated risk management (IRM) compendium. Magic Quadrant for Integrated Risk Management, 2018. Hype Cycle for Risk Management, 2019.

4 Reasons Why GRC Is a Useless Term

John Wheeler

It has been 5 years since Gartner embarked on the journey to enhance our coverage of the risk management technology marketplace. That journey included in-depth survey research and countless interactions with our end-user clients to understand their need to better manage strategic, operational and IT/cybersecurity risks. These end-user needs and resulting demand led to the definition of a new technology marketplace – integrated risk management (IRM).

Risk 64

Digital Risk is Primary Focus for Corporate Boards in 2020 & Beyond

John Wheeler

Digital risk continues to grow in importance for corporate boards as they recognize the critical nature of digital business transformation today. Not only that, but 49% of directors cite the need to reduce legal, compliance and reputation risk related to digital investments.

Risk 95

Why Technology Providers Now “Get IRM”

John Wheeler

This past week, I enjoyed meeting with over 1,000 attendees at our annual Gartner Security and Risk Management Conference in London. At the event, the overwhelming feedback received is that integrated risk management (IRM) is needed now more than ever. In our annual 2019 CEO Survey , 82% say that their companies have a management initiative or program in place to make the business more digital – see graphic below. .

Risk 57

IRM Market Visionaries and Challengers Join Forces to Battle Leaders

John Wheeler

In the span of a week, the integrated risk management (IRM) technology market has experienced significant consolidation. Four vendors from Gartner’s inaugural 2018 IRM Magic Quadrant have joined forces to evolve their legacy governance, risk and compliance (GRC) offerings to better compete in the IRM market (see figure below).

20 for 20: IRM Critical Capabilities & Top 20 Functions / Features

John Wheeler

We continue our “20 for 20” theme this year by highlighting the integrated risk management (IRM) critical capabilities and top 20 software functions / features. Risk & Control Documentation /Assessment. Risk Mitigation Action Planning. Incident Management.

4 IRM Market Trends Will Accelerate in COVID-19 Recovery

John Wheeler

Integrated Risk Management (IRM) technology is uniquely suited to address the myriad of risks arising from the current crisis and future COVID-19 recovery. As more businesses are maturing their risk management practices, the buying center for IRM is shifting.

Risk 56

GRC 2020: The Approaching Year of Final Demise

John Wheeler

Gartner kicked-off it’s global series of 2019 Security & Risk Management Summit Conferences last month in Washington, DC. It’s here where we receive direct feedback from both technology providers as well as end-users on emerging trends and technologies for security and risk management. One of the major trends receiving overwhelming attendee support is GRC (governance, risk and compliance) technology is quickly fading in use.

Risk 53

IRM 2021: The Year of Uncertainty and Change

John Wheeler

Regulations were set aside and associated technological and business risks were given low priority to help with the larger effort to “slow the spread” of the virus. They must evaluate the value of their digital initiatives while determining the size of their risk appetite.

Gartner’s Top 20 Emerging Technologies and Trends Topics for 2020

John Wheeler

As we look to 2021 and the anticipated global economic recovery , we see continued interest in topics related to emerging business risks, digital transformation and cybersecurity. As a result, integrated risk management (IRM) topped our list in 2020.

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Where is the Economy Headed?

Andrew White

Check out 7 Risk Areas Every Executive Should Expect and Manage Following the Russian Invasion of Ukraine. Here are team of analysts explore various risks that were triggered or augmented by the Russian invasion of Ukraine. And the risk to credit markets gumming up is notable.

Top 10 Gartner Emerging Technologies Client Topics for 2019

John Wheeler

In addition to some of the likely topics such as blockchain and AI, we are also seeing great interest in how TSPs can offer better risk management and security capabilities.

Why Leading Software Vendors Are Dumping GRC for IRM

John Wheeler

One of the most common questions I receive from software vendors has to be “what’s the difference between governance, risk and compliance (GRC) and integrated risk management (IRM) solutions?” Gartner has been publishing research about integrated risk management (IRM) for the past two years. Also, read more about risk management topics in my latest Gartner research.

GDPR Requires IRM For Fast and Effective Response

John Wheeler

This week, Gartner hosted its annual Security & Risk Management Summit in London and the buzz at the event centered on the new risks associated with the General Data Protection Regulation (GDPR). It’s no wonder that CEOs consider risk management as one of their top priorities in 2018 (see figure below). To respond quickly and effectively, an integrated risk management (IRM) approach and toolset is required.

Innovative IRM Solutions Disrupt Outdated GRC Market

John Wheeler

Gartner published its inaugural Magic Quadrant for Integrated Risk Management (IRM) several weeks ago and feedback from end-user customers has been overwhelmingly positive. What is most noteworthy is the shift away from the old, monolithic governance, risk and compliance (GRC) software platforms. The question for risk management technology end-users has become “Who will be the last GRC software provider?”

Data is Risky Business: Thinking the Unthinkable

The Data Administration Newsletter

I had something else nearly ready that was expanding on the broad questions of ethics in information and data management I discussed last time, drawing on some work I’m doing with an international client and a recent roundtable discussion I had with some regulators […].

How to Protect the Sensitive Data of Your Company with a Secure Web Gateway?

Smart Data Collective

For every company, setting what SWG will do exactly depends on what you need, what is likely to be high risk in your company, and your company’s exact regulations. They might learn to recognize websites that are high-risk, but not know how to put training into practice.