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.

Testing 94

Testing Modeling Cost-Benefit Consulting 94

Smart Data Collective

MAY 7, 2023

million —and organizations are constantly at risk of cyber-attacks and malicious actors. In order to protect your business from these threats, it’s essential to understand what digital transformation entails and how you can safeguard your company from cyber risks. What is cyber risk?

Digital Transformation 102

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CIO Business Intelligence

AUGUST 4, 2023

In collaboration with our peers, we have a solid business sense that carefully weighs innovation and risk in order to gain valuable ROI while protecting the organization from all forms of risk associated with each project. If reversible, then there’s clearly less risk. What’s new and different today?

Risk 98

Risk Risk Management ROI Technology 98

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

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CIO Business Intelligence

JANUARY 19, 2023

Giving up control: rewards outweigh the risks The benefits of greater delegation include an increase in the velocity of decision making and an increased sense of ownership and accountability, says Cisco Sanchez, SVP and CIO at Qualcomm, which has been increasing the pace of delegation. They just need visibility.

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IBM Big Data Hub

SEPTEMBER 13, 2023

Incorporating an effective attack surface management tool into your security strategy can significantly help you mitigate the risks of data breaches. Because hackers don’t limit their reconnaissance efforts to what’s in your inventory, these unknown assets put you at risk.

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DataRobot Blog

APRIL 29, 2022

This provides a great amount of benefit, but it also exposes institutions to greater risk and consequent exposure to operational losses. 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.

Risk 111

Risk Modeling IT Risk Management 111

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.

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Risk Consulting Machine Learning Data Science 145

Cloudera

JULY 15, 2021

We recently hosted a roundtable focused on o ptimizing risk and exposure management with data insights. For financial institutions and insurers, risk and exposure management has always been a fundamental tenet of the business. Now, risk management has become exponentially complicated in multiple dimensions. . Area such as: .

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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

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CIO Business Intelligence

AUGUST 16, 2023

But today, Svevia is driving cross-sector digitization projects where new technology for increased safety for road workers and users is tested. Digital alerts Another project deals with slow-moving vehicles, something that increases the risk of accidents on the roads. This leads to environmental benefits and fewer transports.

Risk 98

Risk Cost-Benefit Digital Transformation Internet of Things 98

O'Reilly on Data

OCTOBER 30, 2023

adversarial testing to determine a model’s flaws and weak points), and not a wider range of information that would help to address many of the other concerns outlined in the EO. Methods by which the AI provider manages and mitigates risks identified via Red Teaming, including their effectiveness.

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DataRobot Blog

MAY 26, 2022

To start with, SR 11-7 lays out the criticality of model validation in an effective model risk management practice: Model validation is the set of processes and activities intended to verify that models are performing as expected, in line with their design objectives and business uses.

Risk 52

Risk Modeling Metrics Business Objectives 52

CIO Business Intelligence

MARCH 18, 2024

But while there’s plenty of excitement and change underway, security risks and vulnerabilities have continued to follow right alongside that innovation. Digital operational resilience testing : Sets out guidance for testing of existing recovery strategies to identify potential vulnerabilities.

Risk Management 120

Risk Management Insurance Risk Testing 120

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. End-to-end Data Lifecycle.

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CIO Business Intelligence

MARCH 11, 2024

It will improve project management, help with requirements creation, assist developers with coding, cover the system with auto-tests, report defects, and improve deployment. These include security and data privacy concerns, low-quality data, reputational risks, and immature technology, to name a few.

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DataKitchen

MARCH 12, 2024

We kept adding tests over time; it has been several years since we’ve had any major glitches. Our vision was to create a flexible, state-of-the-art data infrastructure that would allow our analysts to transform the data rapidly with a very low risk of error. Data errors can cause compliance risks. That was amazing for the team.”

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Metrics Software Cost-Benefit Testing 120

Laminar Security

JUNE 29, 2023

Using a risk-based approach to deal with policy violations and continuous compliance monitoring will help avoid data exposures and fines. Organizations risk significantly increasing public cloud data risks if they don’t take necessary steps to improve its security. Public cloud spending and adoption is growing fast.

Risk 52

Risk Big Data Testing Management 52

CIO Business Intelligence

APRIL 5, 2024

The EU and US want to foster scientific information exchange between AI experts on either side of the Atlantic in areas such as developing benchmarks and assessing potential risks. At this stage in the development of AI, investment in testing and safety is far more effective than regulation,” Carlsson argued.

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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. What Is Model Risk?

Risk Management 64

Risk Management Risk Modeling Enterprise 64

Cloudera

MARCH 28, 2019

The trouble is, mortgage lenders persist in relying on historical macro-economic assumptions in their models so they risk repeating the errors of a decade ago when banks – and their regulators – failed to recognize the warning signs from a far richer source: low-level micro-economic data. Risk management 3.0.

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Risk Management Risk Management Machine Learning 73

DataRobot Blog

JUNE 3, 2022

To understand the capabilities and address the risks of AI, all of us – developers, policy-makers, end-users, bystanders – must have a shared understanding of what AI is, how it can be applied to the benefit of humanity, and the risks involved when implementing it without guardrails in place to mitigate bias and harm. Download now.

Risk 52

Risk Predictive Modeling Modeling Technology 52

O'Reilly on Data

JUNE 15, 2023

Should we risk loss of control of our civilization?” And they are stress testing and “ red teaming ” them to uncover vulnerabilities. But exactly how this stress testing, post processing, and hardening works—or doesn’t—is mostly invisible to regulators. Should we automate away all the jobs, including the fulfilling ones?

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Metrics Reporting Measurement Finance 283

CIO Business Intelligence

AUGUST 1, 2023

Supporting us with our repository for developers with a kind of a testing deployment architecture for continuous updates and employment and deployment. Troy was instrumental in getting the resources necessary to begin developing what is now a widespread effort to restore and revitalize dormant languages before they are lost to time.

Risk 98

Risk IT Software Digital Transformation 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

APRIL 12, 2024

Large banking firms are quietly testing AI tools under code names such as as Socrates that could one day make the need to hire thousands of college graduates at these firms obsolete, according to the report. But that’s just the tip of the iceberg for a future of AI organizational disruptions that remain to be seen, according to the firm.

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Smart Data Collective

APRIL 18, 2019

Finally, AI-EHR partnerships may help solve one of the biggest issues with EHR software today – test submissions and results. In too many cases, EHRs fail to submit tests to the laboratory or to properly alert doctors of new results. The post Can AI Remove The Risk From EHRs? appeared first on SmartData Collective.

Risk 70

Risk Testing Software Insurance 70

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.

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Risk Management Risk Management Metrics 92

CIO Business Intelligence

JANUARY 4, 2024

” We can’t forget every CISO’s favorite: “ How much will this reduce our cybersecurity risk? ” Get those in place, and you’ll reduce risks, build momentum, and gain buy-in for your cyber program. Test your cybersecurity defenses Pen testing and vulnerability assessments discover and prove security gaps in your IT system.

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Testing Risk Strategy Management 135

CIO Business Intelligence

DECEMBER 7, 2023

There’s no better test of your capability to do so than right after an adverse event. For example, the risk of having an organization’s “license to operate” withdrawn by a regulator or having conditions applied (retrospectively or prospectively) can adversely affect market value and consumer confidence.

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Testing Risk Management Strategy 124

CIO Business Intelligence

NOVEMBER 13, 2023

In practice, this may involve implementing a change tracking system that captures all change requests and their associated details, such as the reason for the change, potential risks, and expected outcomes. Now, because of DevOps, it’s develop, test, develop, test.

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CIO Business Intelligence

DECEMBER 11, 2023

“This regulation aims to ensure that fundamental rights, democracy, the rule of law and environmental sustainability are protected from high risk AI, while boosting innovation and making Europe a leader in the field,” said the press release issued by European Parliament. It is a myth that the AI Act will hamper innovation.

Risk 127

Risk Testing Insurance Cost-Benefit 127

CIO Business Intelligence

OCTOBER 20, 2023

Data synergy For many navigating the M&A process, managing data can be overwhelming and must be properly managed or else run the risk of unorganized and displaced data. Without real-time updates, IT teams could run the risk of making misinformed decisions based on outdated data, which can cost the business money.

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IBM Big Data Hub

JANUARY 19, 2024

Enterprises without disaster recovery strategies in place are risking costs and penalties that could far outweigh the money saved by not investing in the solution. Step 2: Perform a risk analysis Threats vary greatly depending on your industry and the type of business you run. million—a 15% increase over the last 3 years.

Strategy 101

Strategy Cost-Benefit Testing Risk 101

CIO Business Intelligence

MARCH 3, 2024

And only 45 percent of CISOs were very or somewhat concerned about the risks of unsecured printers, compared to 72 percent of CIOs. Quocirca said this disconnect between the views of CIOs and CISOs on print security could prevent companies from determining the true level of risk. Doing penetration testing. Using zero trust.

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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.

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CIO Business Intelligence

DECEMBER 7, 2023

That also means distinguishing between where you can take some risks and where the risk is going to be more limited. Then I think you can temper the level of testing, learning, and scaling and embed some of those growth mindset principles within your team. Space to take some risk and try new things has to be an expectation.

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