Remove solutions interpretation
article thumbnail

How Process Mining Accelerates Efficiency for Highly Regulated, Customer-obsessed Industries

Perficient Digital Transformation

In the dynamic environment of highly regulated industries like healthcare and financial services, leaders often balance competing goals to delight customers while cutting costs. An ideal solution combines top-performing analysts with innovative AI. Build a reliable risk management strategy using accurate estimations and predictions.

article thumbnail

What Is Data Discovery And How To Implement It?

31 West

It’s right there at our fingertips, but with so much information, we’d drown in data unless we use a smart way to detect the important information, analyze and use it. If you feel like there’s too much information right now, only imagine what will happen in a few years. The total volume of data was calculated at 64.2

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Akorbi Achieves ISO 27001 Certification

Akorbi

Any entity that stores or transmits medical, financial, or sensitive information can be a tempting target for data thieves and ransomware. While securing other forms of accreditation can be a strong first step, these do not necessarily guarantee full and complete compliance with risk management for private data.

article thumbnail

Emerging Trends and Priorities for CFOs in 2023-2024: A Comprehensive Guide

Amzur

By embracing technology-driven data analytics, CFOs can make informed and data-backed decisions that drive financial performance and create a competitive edge. NetSuite’s embedded analytics solution revolutionizes the way businesses harness their data for actionable insights and improved decision-making.

Finance 52
article thumbnail

Generative AI use cases for the enterprise

IBM Services

For example, organizations can use generative AI to: Quickly turn mountains of unstructured text into specific and usable document summaries, paving the way for more informed decision-making. While advanced models can handle diverse data types, some excel at specific tasks, like text generation, information summary or image creation.

article thumbnail

VASP Model Validation

Capgemini

Model validation verifies that the models used to combat financial crime operate as expected, according to the business uses and objectives for which they were designed; how they are governed; their integration with the risk assessment of the institution; operational and conceptual soundness; and data quality. Ongoing Monitoring.

Banking 52
article thumbnail

Transforming Accounting and Finance: The Impact of AI

NoonDalton

By recognizing intricate patterns, AI enables firms to forecast future financial trends and market dynamics, which are crucial for strategic planning and risk management. Tax Compliance : With tax regulations constantly evolving, keeping up can be a daunting task for any business.

Finance 52