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? , Insurers can also manage risk more effectively through continuous improvement.

Insurance 69

Insurance Risk Technology Management 69

IBM Big Data Hub

FEBRUARY 13, 2024

Key considerations: Tech stack: Ensure your existing technology infrastructure can handle the demands of AI models and data processing. Generative AI use cases Excitement about this new technology has spread quickly throughout various industries and departments. Garbage in, garbage out.

Enterprise 125

Enterprise Modeling Testing Data-driven 125

CIO Business Intelligence

DECEMBER 14, 2023

AI and machine learning (ML) can do this by automating the design cycle to improve efficiency and output; AI can analyze previous designs, generate novel design ideas, and test prototypes, assisting engineers with rapid, agile design practices. Generative AI can help mitigate these often serious risks. Artificial Intelligence

Manufacturing 136

Manufacturing Cost-Benefit Unstructured Data Optimization 136

DataRobot

OCTOBER 5, 2021

Evaluating and mitigating the risk that comes with any new technology has been standard practice for organizations since World War II. Throughout history, introducing innovations in fields like aviation and nuclear power to society required robust risk management frameworks. Step 1: Classify the AI Decision Type.

Risk Management 95

Risk Management Testing Risk Data Science 95

CIO Business Intelligence

MARCH 18, 2024

Amid the turbulence of AI, technologies are emerging rapidly, startups are clamoring for attention, and hyperscalers are scrambling to corral market share. Brian Hopkins, vice president for emerging technology at Forrester Research, agrees. There are a lot of risks and a lot of land mines to navigate,” says the analyst.

Risk 129

Risk Cost-Benefit Data Processing Testing 129

CIO Business Intelligence

JANUARY 18, 2024

Optimism aside, the true test is in how well organizations will master the changes to the nature of work that AI enables. Nearly a third (29%) of CEOs are dissatisfied with their organization’s speed of innovation, capabilities in risk management, and talent acquisition and retention rates.

Finance 122

Finance Machine Learning Risk Management Optimization 122

CIO Business Intelligence

AUGUST 4, 2023

As CIOs and technology leaders, we’re almost always in the role of the technology evangelist, bringing both mainstream and emerging technology into the organization for business benefit. Technology has always been used for positive and negative effect. If reversible, then there’s clearly less risk.

Risk 95

Risk Risk Management ROI Technology 95

CIO Business Intelligence

SEPTEMBER 7, 2023

Additionally, related issues during use are risk of hallucinations and prompt engineering. Exploiting technology vulnerabilities. As we deploy our guardrails, we also evangelize across teams at Discover through our internal learning platform, Discover Technology Academy, through various events and emails and required security training.

Risk Management 86

Risk Management Risk Testing Digital Transformation 86

CIO Business Intelligence

MARCH 13, 2024

Even though generative AI is a relatively new technology, it’s now difficult to imagine a world without it, given the impact it’s making, and the business value it can create. We’re seeing a 15 to 20% uplift of productivity across the board,” says Matt Barrington, EY’s Americas emerging technologies leader. for every $1 spent.

IT 127

IT Consulting Testing Cost-Benefit 127

CIO Business Intelligence

FEBRUARY 20, 2024

Tom Nall, Global Manufacturing and Automotive Industry Executive at Avanade, an expert in Microsoft technology, explains: “Microsoft Copilot applies an organisation’s data and Microsoft application ecosystem to a large language model. Supply chain optimisation. Visit: [link] Avanade is attending Hanover Messe 2024.

Manufacturing 89

Manufacturing Sales Risk Management Forecasting 89

DataRobot Blog

APRIL 29, 2022

The stakes in managing model risk are at an all-time high, but luckily automated machine learning provides an effective way to reduce these risks. However, after the financial crisis, financial regulators around the world stepped up to the challenge of reigning in model risk across the financial industry.

Risk 111

Risk Modeling IT Risk Management 111

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. Most of these new technologies are born-in-cloud. A third-party risk management review, where the ISV needs to describe how it is complying to required controls.

Cost-Benefit 61

Cost-Benefit Risk Management Risk Digital Transformation 61

CIO Business Intelligence

JANUARY 11, 2024

CIOs are under increasing pressure to deliver AI across their enterprises – a new reality that, despite the hype, requires pragmatic approaches to testing, deploying, and managing the technologies responsibly to help their organizations work faster and smarter. The top brass is paying close attention.

Enterprise 118

Enterprise Uncertainty Risk Management Reporting 118

CIO Business Intelligence

OCTOBER 17, 2022

DORA’s uniform requirements for the security of network and information systems encompass not only enterprises in the financial sector, but also critical third-party vendors providing information and communications technology–related services to the financial sector, such as cloud platforms and data analytics.

Risk Management 101

Risk Management Risk Enterprise Testing 101

CIO Business Intelligence

DECEMBER 7, 2023

In his current role as chief information and digital officer at WestRock, he’s responsible for developing and executing global information systems, technology, and cybersecurity strategy in addition to leading the company’s digital transformation. Space to take some risk and try new things has to be an expectation.

Testing 102

Testing Risk Marketing IoT 102

IBM Big Data Hub

JANUARY 30, 2024

Finance: Optimized for high-speed transactions and can assist in providing robust security, harnessing AI for fraud detection and real-time risk management. Retail: Manage e-commerce platforms, customer data analytics and supply chain logistics, where data analysis often must occur at the edge.

Manufacturing 80

Manufacturing Business Objectives Optimization Risk Management 80

IBM Big Data Hub

AUGUST 18, 2023

The Digital Operational Resilience Act , or DORA, is a European Union (EU) regulation that created a binding, comprehensive information and communication technology (ICT) risk-management framework for the EU financial sector. It offers more control and flexibility for comprehensive testing and validation.

Cost-Benefit 81

Cost-Benefit Testing Strategy Risk Management 81

CIO Business Intelligence

MARCH 15, 2023

Explosive technology innovations. Generational shifts in technological expectations. Security implications of ChatGPT and its ilk ChatGPT and other generative AI technologies have taken the world by storm, but the combination of their sudden popularity and a general lack of understanding of how they work is a recipe for disaster.

Digital Transformation 118

Digital Transformation Risk Risk Management Strategy 118

CIO Business Intelligence

MAY 11, 2022

Technology touches all stakeholders. Asking the right questions to understand the business’ strategy and implementing architecture that supports the technology of the future is fundamental. Implement more disciplined validation and testing. While technology is a driver for business resilience, it is not the only driver.

Management 91

Management Testing Insurance Finance 91

Cloudera

OCTOBER 20, 2021

Understanding a firm’s exposure to climate risk begins with creating scenarios and gaining better visibility to the impact of a variety of variables on the book of business. Stress testing was heavily scrutinized in the post 2008 financial crisis. A Partnership in Climate Risk Modelling. Assess Variables.

Risk 78

Risk Modeling Risk Management Measurement 78

CIO Business Intelligence

JUNE 8, 2023

Businesses are looking for tech pros with highly specialized skills, as they embrace digital transformation and increasingly rely on technology for core business. As demand for this role has grown, salaries for MIS managers have increased by 11% since 2021, according to Dice. Average salary: US$132,094 Increase since 2021: 10.8%

IT 138

IT Digital Transformation Software Risk 138

Cloudera

AUGUST 25, 2020

In part II of the series, we sat down for an interview with Dr. Richard Harmon, Managing Director of Financial Services at Cloudera, to find out more about how the industry is adopting new technology. The post The Role Of Technology In A Changing Financial Services Sector Part II appeared first on Cloudera Blog.

Prescriptive Analytics 68

Prescriptive Analytics Technology Machine Learning Risk 68

CIO Business Intelligence

MARCH 12, 2024

When this happens, corporate risk is heightened as preemptive projects get delayed — sometimes for indefinite periods of time. CIOs can change this thinking by incorporating preemptive projects like disaster recovery into their corporate risk management strategies. The average cost of a data breach is $4.64

ROI 122

ROI IT Manufacturing Metrics 122

O'Reilly on Data

DECEMBER 12, 2019

In addition to newer innovations, the practice borrows from model risk management, traditional model diagnostics, and software testing. While our analysis of each method may appear technical, we believe that understanding the tools available, and how to use them, is critical for all risk management teams.

Machine Learning 191

Machine Learning Modeling Testing Risk Management 191

CIO Business Intelligence

APRIL 21, 2022

Achieving business transformation and agility requires commitment from leadership at the very top of an organization, including C-suite, business and technology leaders. In terms of relative significance, software development, testing and implementation are all considered equal. Scale an enterprise mindset .

Digital Transformation 136

Digital Transformation Key Performance Indicator Risk Testing 136

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. Here are a few of the advantages of Big Data in the banking and financial industry: Improvement in risk management operations. The Role of Big Data. Engaging the Workforce.

Big Data 141

Big Data Finance Risk Management Risk 141

CIO Business Intelligence

JULY 31, 2023

Some companies have lifted their bans and are allowing limited use of the technology; others have not. As vendors add generative AI to their enterprise software offerings, and as employees test out the tech, CIOs must advise their colleagues on the pros and cons of gen AI’s use as well as the potential consequences of banning or limiting it.

Strategy 97

Strategy Risk Enterprise Risk Management 97

Cloudera

FEBRUARY 24, 2021

2021 is going to be the year when the financial services industry reckons with how these changes will play out, impacting business operations, processes, new technologies, and, of course, new regulations. Trend #1: The Crossroads of Risk Management and Emerging Technology.

Risk Management 58

Risk Management Risk Recreation/Entertainment Machine Learning 58

CDW Research Hub

MAY 24, 2021

Today’s digital risk and compliance profile requires developing an information security program based on a well-structured plan that includes people, processes and technologies, and focuses on the protection of information and information assets. Develop a security risk management program.

Risk Management 52

Risk Management Risk Unstructured Data Business Objectives 52

CIO Business Intelligence

APRIL 5, 2024

Many of the bills are targeted both at the developers of AI technologies and the organizations putting AI tools to use, says Mahdavi, a lawyer with global law firm BCLP, which has established an AI working group. Last year, the Connecticut General Assembly passed Senate Bill 1103 , which regulates state procurement of AI tools.

Risk 115

Risk Interactive Insurance Strategy 115

CIO Business Intelligence

OCTOBER 20, 2023

The vendor-neutral certification covers topics such as organizational structure, security and risk management, asset security, security operations, identity and access management (IAM), security assessment and testing, and security architecture and engineering.

IT 137

IT Consulting Testing IoT 137

CIO Business Intelligence

APRIL 27, 2023

But despite the bumpy year, demand for technology skills remains strong, with the US tech unemployment rate dropping to 1.5% Companies can’t ignore digital transformation as technology continues to dominate nearly every aspect of business and daily-life. as of January. Average salary : US$153,354 Increase from 2021 : n/a 4.

IT 115

IT Software Risk Management 115

Smart Data Collective

OCTOBER 21, 2021

CISSP is a worldwide recognized certification for individuals working in the field of information technology security. This certification is ideal for experienced data security practitioners, managers, and executives who want to broaden their knowledge and skills in various security techniques.

Testing 122

Testing Big Data Risk Management Risk 122

Smart Data Collective

APRIL 21, 2022

The rapid evolution of this technology has left many businesses and individuals without a technical background perplexed. AI technology can be incredibly valuable for companies trying to address a variety of problems, but it is worthless if it is used to handle the wrong issues. Improve the management of your company.

Consulting 97

Consulting Cost-Benefit Software Machine Learning 97

CIO Business Intelligence

APRIL 14, 2023

But just like other emerging technologies, it doesn’t come without significant risks and challenges. According to a recent Salesforce survey of senior IT leaders , 79% of respondents believe the technology has the potential to be a security risk, 73% are concerned it could be biased, and 59% believe its outputs are inaccurate.

Risk 120

Risk Experimentation Marketing Risk Management 120

CIO Business Intelligence

OCTOBER 13, 2023

Businesses are turning to gen AI to streamline business processes, develop proprietary AI technology, and reduce manual efforts in order to free up employees to take on more intensive tasks. The role of algorithm engineer requires knowledge of programming languages, testing and debugging, documentation, and of course algorithm design.

Deep Learning 143

Deep Learning Machine Learning Modeling Software 143

CIO Business Intelligence

OCTOBER 4, 2023

There’s also strong demand for non-certified security skills, with DevSecOps, security architecture and models, security testing, and threat detection/modelling/management attracting the highest pay premiums. Careers, Certifications, IT Skills, Technology Industry

Prescriptive Analytics 129

Prescriptive Analytics IT Machine Learning Risk 129