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Risk Management Data Strategy – Insights from an Inquisitive Overseer

Perficient Digital Transformation

Though this seems to be at a stage where some more push is required in terms of adoption in the risk management function. Traditional risk managers, by their job definition, are highly cautious of the result sets provided by the analytics teams.

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Booting out bias: How to derisk advanced analytics models in the public sector

McKinsey & Company

Advanced analytics can transform public-sector services, but US agencies are wary of the risk of biased outcomes. Sound risk management is the key to a wider adoption that will benefit all citizens.

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The Future of Data Analytics

The Hackett Group

Industrialized Data & Analytics. Some have even spun off data and analytics as a business services function, headed by a chief data officer. They are also making major investments in developing and hiring staff with data science and analytics skills to extract and apply all potential value. Reap the Rewards.

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Preparing for the EU AI Act: Getting governance right

IBM Services

” European Parliament News The EU AI Act in brief The primary focus of the EU AI Act is to strengthen regulatory compliance in the areas of risk management, data protection, quality management systems, transparency, human oversight, accuracy, robustness and cyber security.

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Navigating the New Landscape: How DORA Regulations Will Reshape the Future of Financial Services | Blog

Everest Group

This includes banks and credit institutions, investment firms, trading platforms, and providers delivering critical services like cloud computing, data centers, credit ratings, and data analytics. DORA framework DORA establishes a comprehensive framework for managing digital operational resilience across the financial sector.

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How to use foundation models and trusted governance to manage AI workflow risk

IBM Services

This is where AI governance comes into play: addressing these potential and inevitable problems of adoption. AI governance refers to the practice of directing, managing and monitoring an organization’s AI activities. It can be used with both on-premise and multi-cloud environments.

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Contracts Hold the Key to Proactive Risk Management

SirionLabs

The Disconnect Between Contracting and Risk Management Surprisingly, knowledge of contract risk is limited among enterprises. This can be attributed to the fact that companies have largely relied on manual processes or point solutions and siloed risk management processes in their effort to mitigate risk.