article thumbnail

AI’s ‘SolarWinds Moment’ Will Occur; It’s Just a Matter of When

O'Reilly on Data

The financial collapse of 2008 led to tighter regulation of banks and financial institutions. An outcomes-based strategy would look at the impact of an AI or ML solution on specific categories and subgroups of stakeholders. Even when catastrophes don’t kill large numbers of people, they often change how we think and behave.

article thumbnail

What Are the Most Important Steps to Protect Your Organization’s Data?

Smart Data Collective

Based on figures from Statista , the volume of data breaches increased from 2005 to 2008, then dropped in 2009 and rose again in 2010 until it dropped again in 2011. In 2009 for example, data breaches dropped to 498 million (from 656 million in 2008) but the number of records exposed increased sharply to 222.5 million in 2008).

Testing 122
Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

How to Gain Greater Confidence in your Climate Risk Models

Cloudera

Stress testing was heavily scrutinized in the post 2008 financial crisis. In a BIS advisory report , it was highlighted that the stress testing scenarios used by the banks were insufficient to capture the extreme risks and fluctuations that were realized. A Partnership in Climate Risk Modelling. agent-based model (ABM) ?in

Risk 79
article thumbnail

Schrodinger’s Automation in AI and the Automation Bias

Jen Stirrup

In response to a UK Government green paper, the then UK Prime Minister Theresa May noted that ‘some directors seem to have lost sight of their broader legal and ethical responsibilities’ (Department of Business, Energy and Industrial Strategy, 2017). What can we do to ensure that our businesses are not prey to Automation Bias?

article thumbnail

iVEDiX Inc. Extends Alliance with insightsoftware to Deliver Best-in-Class Support For Longview Analytics Customers in North America

Jet Global

iVEDiX was selected to service the Longview Analytics market in this extended partnership because of their unique history with current customers and their deep understanding of the platform, BI strategy, and customer needs.

IoT 80
article thumbnail

What is Model Risk and Why Does it Matter?

DataRobot Blog

Prior to the financial crisis of 2008, Model Risk Management within the financial services industry was driven by industry best practices rather than regulatory standards(which brings to mind the saying “a fox guarding the hen house”). A purposeful MLOps strategy can provide exactly this.

Risk 111
article thumbnail

How Data Ethics Supports Governance & Monetisation

Alation

In the Cambridge Analytica case, the company went from a data strategy focused on monetisation by increased revenue to company closure due to the reputational damage from the negative media and public response. Indeed, ethical data practices can actually support data monetisation strategies. What’s your data strategy?