Previously, in our IBM Watsonx blog series, we explored the components within the IBM Watsonx and Watsonx.governance and the foundational aspects that make it a value-creator for exercising AI governance. In this blog, we examine IBM’s point of view on prioritizing AI ethics and what leaders should know about IBM’s commitment to building Responsible AI.… Continue reading IBM Watsonx: An AI Value Creator for Accelerating Your Firm’s AI Governance (Part 2)
Generative artificial intelligence, or GenAI, is now a global phenomenon. Leaders and decision-makers of enterprises creating this transformative technology strive to understand ways to govern, deploy, and ethically manage workflows and roles across the AI lifecycle. Enter IBM Watsonx, the next-gen AI and data platform to build meaningful and explainable AI. Tech leaders across industries… Continue reading IBM Watsonx: An AI Value Creator for Accelerating Your Firm’s AI Governance
Data security is a very real concern for companies in all business sectors, but the dangers and risk factors are especially intense for companies in the insurance space. Insurance companies store large volumes of very sensitive information submitted by customers. There are numerous laws and regulatory oversight groups with rules and requirements for data management… Continue reading The Role of IT Governance in Strengthening Data Security for Insurance Companies
Brokerage firms and investment banks are subject to strict regulatory oversight and a host of legal requirements. This makes for a rather complex equation when it comes to risk management and IT governance. But things get even more complicated when you add mergers and acquisitions into the mix. This complex nature leaves many business leaders… Continue reading The Importance of IT Governance in Mergers and Acquisitions for Investment Banks and Brokerage Firms
Investment banks and brokerage firms are subject to strict legal and regulatory oversight, which means these companies must implement measures to ensure that their technology meets all of the established guidelines. Enter IT governance and ITIL frameworks for investment banks and brokerage firms. But when it comes to ITIL frameworks and IT governance software solutions,… Continue reading IT Governance and ITIL Framework for Investment Banks and Brokerage Firms
Digital transformation accounts for the most significant high-tech movement in the business world, with the COVID-19 pandemic driving the advancement of numerous technologies such as the cloud, communications tech, collaboration platforms, AI, and machine learning, amongst many others. But as with all advancements, there are pitfalls and challenges that must be considered and this… Continue reading How is Digital Transformation Changing Risk Management for Financial Institutions?
Big data is one of the most significant trends in digital transformation today, with more and more companies leveraging the power of big data and complementary technologies such as machine learning and artificial intelligence (AI). As with all digital transformation projects, big data must be taken into consideration as financial companies develop and refine… Continue reading How Can Big Data Play a Role in Financial Risk Management?
Governance risk and compliance (GRC) can impact virtually every company process and policy. From risk mitigation to ensuring full compliance with laws and regulations, GRC is a complex discipline to be certain. With a company’s reputation and millions of dollars at stake for just a single fine, governance risk and compliance is not something that… Continue reading What to Look for in Governance Risk and Compliance Vendors?
IT governance is a critical aspect of an organization’s overall enterprise risk management process. It is a process of establishing IT policies that determine the proper use of IT assets, and it forces an organization to think about the role of IT in its business. Through IT governance, an organization can identify and measure its… Continue reading What is IT Governance?
What is policy management and why is it important? Policy Management refers to the creation, communication, and management of all the policies and procedures implemented by an organization. Policies are the foundation of governance, risk, and compliance (or GRC) strategy. Every business consists of various departments, and policy management governs the creation and distribution of policies, so other parts of the organization don’t create their… Continue reading What is policy management?