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6 best practices for better vendor management

CIO Business Intelligence

To ensure vendor relationship help their organizations achieve their goals, IT leaders should establish a comprehensive technology vendor management strategy focused on maximizing fit and value. It is also important to involve your key vendors in strategy and planning sessions related to their services or products,” Gilgour says.

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6 key challenges of complex cloud environments — and how to manage them

CIO Business Intelligence

For many, it has also led to intermingled, complex strategies that threaten to take away some of the luster of the cloud. The multiple/hybrid cloud strategy can result in complexities and challenges that many IT and business leaders didn’t see coming. Addressing cybersecurity risks.

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COVID-19 Effects on Financial Services & Managing Risk

bridgei2i

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
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Automating Model Risk Compliance: Model Monitoring

DataRobot Blog

If the assumptions are being breached due to fundamental changes in the process being modeled, the deployed system is not likely to serve its intended purpose, thereby creating further model risk that the institution must manage. Model Benchmarking.

Risk 59
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How to get your CFO to buy into a better model for IT funding

CIO Business Intelligence

This article explores how CIOs can address each of their CFO’s key concerns when moving away from project-based teams to persistent funding, including the need to better track ROI, reduce risk, and reduce cost. Every high-level initiative the persistent teams plan to work on must provide a clear benefit aligned to the organisational strategy.

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Score the Best Data Protection Solution for Your Organization

CDW Research Hub

If you want effective protection, it is imperative that you align your data protection strategy with your unique use cases and business goals. Here are a few things to consider when creating a data protection strategy: Identify your organization’s objectives and standards. Know your security risks.

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Advice from procurement: How to evaluate and propose new IT investments

CIO Business Intelligence

As the world continues to experience economic uncertainty, IT leaders look to tighten budgets, consolidate tools and resources, and generally become more risk-averse when evaluating new investments. Consider your company scorecard: Your procurement team has a scorecard with clear metrics to evaluate purchase decisions.