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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.

Risk 111
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Gartner Explores Tech Innovations in Integrated Risk Management

John Wheeler

This week, we kicked-off a major research effort to explore current innovations in the rapidly expanding integrated risk management (IRM) market. The culmination of the review effort will be our inaugural “Emerging Technologies: Tech Innovators in IRM, 2021report slated to publish in late June.

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Express Cloudera POV on 2021 data trends in insurance

Cloudera

2021 looks likely to be defined by a new phase: Thriving on digital transformation, rather than just surviving through it. . We’ve written about the changes forced on the traditionally risk-averse insurance industry by COVID-19. I’m sure you’ve already ready a number of trends and forecasts for 2021.

Insurance 105
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Cyber Fraud Statistics & Preventions to Prevent Data Breaches in 2021

Smart Data Collective

The risk of data breaches will not decrease in 2021. Data breaches and security risks happen all the time. One bad breach and you are potentially risking your business in the hands of hackers. In this blog post, we discuss the key statistics and prevention measures that can help you better protect your business in 2021.

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Announcing the 2021 Data Impact Awards

Cloudera

And it is with this in mind, that we’re delighted to announce that the 2021 Cloudera Data Impact Awards is now open for entries. The 2021 Cloudera Data Impact Award categories aim to recognize organizations that are using Cloudera’s platform and services to unlock the power of data, with massive business and social impact.

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Cloudera wins Risk Markets Technology Award for Data Management Product of the year

Cloudera

Financial services institutions need the ability to analyze and act on massive volumes of data from diverse sources in order to monitor, model, and manage risk across the enterprise. They need a comprehensive data and analytics platform to model risk exposures on-demand. Cloudera is that platform. End-to-end Data Lifecycle.

Risk 88
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Five Trends for the Financial Services Industry to Track in 2021

Cloudera

2021 is going to be the year when the financial services industry reckons with how these changes will play out, impacting business operations, processes, new technologies, and, of course, new regulations. Trend #1: The Crossroads of Risk Management and Emerging Technology.