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What is Model Risk and Why Does it Matter?

DataRobot Blog

This provides a great amount of benefit, but it also exposes institutions to greater risk and consequent exposure to operational losses. The stakes in managing model risk are at an all-time high, but luckily automated machine learning provides an effective way to reduce these risks. What is a model?

Risk 111
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6 business risks of shortchanging AI ethics and governance

CIO Business Intelligence

Even if the AI apocalypse doesn’t come to pass, shortchanging AI ethics poses big risks to society — and to the enterprises that deploy those AI systems. The following real-world implementation issues highlight prominent risks every IT leader must account for in putting together their company’s AI deployment strategy.

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Decision-Making in a Time of Crisis

O'Reilly on Data

We know, statistically, that doubling down on an 11 is a good (and common) strategy in blackjack. The quality of the decision is based on known information and an informed risk assessment, while chance involves hidden information and the stochasticity of the world. We saw this after the 2016 U.S.

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How to prioritize data strategy investments as a CDO

IBM Big Data Hub

My first task as a Chief Data Officer (CDO) is to implement a data strategy. Over the past 15 years, I’ve learned that an effective data strategy enables the enterprise’s business strategy and is critical to elevate the role of a CDO from the backroom to the boardroom. Mitigating risk. Understand your strategic drivers.

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Deliver on your data strategy with a data fabric

IBM Big Data Hub

When it comes to selecting an architecture that complements and enhances your data strategy, a data fabric has become an increasingly hot topic among data leaders. When I rejoined IBM in 2016, enterprise-level data and its use was having a pivotal moment. How IBM built its own data fabric . The future of data leadership .

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Oracle makes its pitch for the enterprise cloud. Should CIOs listen?

CIO Business Intelligence

“Oracle Cloud Infrastructure is now capable of hosting a full range of traditional and modern IT workloads, and for many enterprise customers, Oracle is a proven vendor,” says David Wright, vice president of research for cloud infrastructure strategies at research firm Gartner. The inherent risk is trust.

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CIOs must safeguard organizations with a validated Zero Trust solution

CIO Business Intelligence

Department of Defense’s (DoD) Zero Trust reference architecture 2 and is thoroughly tested to pass its stringent requirements—before adoption. Why the DoD’s Zero Trust strategy? This partial solution may introduce more cyber risk because it makes it more convenient for hackers to attack the entire enterprise.

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