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Decoding the EU AI Act: What it Means for Financial Services Firms | Blog

Everest Group

Next, they need to take inventory of existing AI assets like models, tools, and systems, classifying each into the four risk categories outlined by the Act. Crucially, a cross-functional team should be formed to oversee AI risk management, drive compliance efforts, and execute mitigation plans across the organization.

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How to build a successful risk mitigation strategy

IBM Services

It’s important to hit every aspect of the supply chain and address risk throughout the entire business. Types of risk While risks will vary greatly from one industry to the next, there are a few commonly identified risks worth noting.

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Business Values and Adoption of ServiceNow BCM

Perficient Digital Transformation

By improving their ability to respond to disruptions, organizations can make sure the people are safe, minimize the impact on their operations and customers, reducing the risk of financial losses, reputational damage, and legal liability. Plan exercises can be planned, executed, monitored, and documented.

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Leveraging user-generated social media content with text-mining examples

IBM Business Partners

These are two common methods for text representation: Bag-of-words (BoW): BoW represents text as a collection of unique words in a text document. Term frequency-inverse document frequency (TF-IDF): TF-IDF calculates the importance of each word in a document based on its frequency or rarity across the entire dataset.

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Vendor Analysis: What Is It, Process, Types, and Best Practices

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Vendor analysis is crucial for risk management. In this blog post, we’ll explore vendor analysis, its underlying processes and types, and best practices when implementing this critical tool in your organization.

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The EU’s Corporate Sustainability Reporting Directive explained

IBM Services

Longer term, the intended outcomes of CSRD will contribute to Europe’s 2050 climate-neutrality target, and European Green Deal objectives, such as providing a “globally competitive and resilient industry, renovated energy efficient buildings and cleaner energy and cutting-edge clean technological innovation.”

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11 Cost Reduction Strategies in Procurement

Obobo

In this blog post, we are going to examine 11 effective cost reduction strategies in procurement. These platforms are equipped with features like document management , supplier discovery, and automated workflows. It allows for joint problem-solving, better communication, and shared risk management.