Many financial firms are increasing their use of AI models because they can represent the real world more accurately, and they can deliver better projections than traditional, rule-based models. But some AI models can add complexity and risk.
You can minimize that risk and also streamline the
Natural disasters seem inescapable, leaving us feeling vulnerable in the hands of nature. How is this possible, given all the data and technology that surrounds us today? Can’t experts get better at prediction, and even try to stave off more natural calamities or more effectively reduce the loss of
The financial industry faces a wide range of priorities including customer experience, instant fulfillment, cyber security, risk management and compliance, and expenses. A modern financial services platform is needed to strengthen financial businesses as they progress into the future. And this
Emerging technologies—3D printing, cloud computing, the Internet of Things, mobile computing, sensors, wearable devices and the like—are transforming the ways in which modern organizations manage and use data. But much of that data remains unused. Successfully capitalizing on information
Banking industry leaders are rethinking their incentive compensation strategies in terms of risk and compliance. Here are some important questions—and some best practices—that can guide banking managers and executives as they develop incentive compensation plans that drive both compliance and
The complexity of multiple data sources contributing to the rising tide of data has executives at many enterprises up at night because of concerns involving risks, regulations and compliance. See why information governance is especially vital in today’s complex ecosystem of voluminous data sources
Apache Spark, sometimes called the “analytics operating system,” is empowering organizations of all kinds through machine learning by helping them create unprecedented value from their data. Discover eight ways that Apache Spark’s machine learning capabilities are driving the modern business.
Despite big data’s hype, a significant number of organizations are still in a holding pattern—either locked in planning, hesitant to get started or wanting to avoid Apache Hadoop and Apache Spark projects. Complexity and a shortage of skills can exacerbate the situation. Increasingly, organizations
When Chartis Research asked banks how ready they expected to be by the 2019 deadline for implementation of FRTB, it found that most financial institutions surveyed did not expect to be in full compliance by then. What’s more, many didn’t even have a firm timeline for achieving compliance. Don’t
How to enhance risk management can be a vital consideration when organizations need to determine whether a particular behavior is an anomaly or representative of a large problem. Perhaps a chief reputation officer is required to take on the responsibility of identifying gaps that may exist between
As the data used by an enterprise grows in size, variety and importance, it is no longer acceptable that the gathering and maintenance of metadata remains an under-funded and neglected afterthought for data-driven organizations. Metadata management needs to become a key focus of an organization's
IBM Vision 2016 continues a strong tradition of inspirational and innovative presentations and discussions that shape the transformation of professions and organizations in ways that enable outthinking challenges that lie ahead. Get a unique perspective on this event from Doug Barton, director,
Organizations of all sizes are looking for ways to make innovation a central part of their business approach. In this episode of the Finance in Focus podcast series our guests—futurist and award-winning author Lisa Bodell, and IBM thought leader Doug Barton—provide practical insights into how