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What is Model Risk and Why Does it Matter?

DataRobot Blog

With the big data revolution of recent years, predictive models are being rapidly integrated into more and more business processes. This provides a great amount of benefit, but it also exposes institutions to greater risk and consequent exposure to operational losses.

Risk 111
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Shocking Ways Big Data Changed the Nature of Business Lending

Smart Data Collective

If a company is looking to borrow money, they need to understand how big data has changed the process. They need to adapt their borrowing strategy to the new big data algorithms to improve their changes of securing a loan. Big Data Rewrites the Rules of Borrowing for Small Businesses. A Personal Loan.

Big Data 100
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How Financial Institutions Are Becoming Champions Of Big Data

Smart Data Collective

Nonetheless, the financial industry is using big data more than ever. The success of both Fintech companies and traditional banks will hinge on their ability to leverage big data to its fullest potential. How Financial Institutions Are Becoming the Unlikely Champions of Big Data.

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How Big Data Has Impacted The Real Estate Industry

Smart Data Collective

Big data has made its way into virtually every industry. Real estate professionals all over the world are benefiting from big data in a number of ways. CIO has published a very introspective article on eight companies that are using big data to disrupt the real estate industry. times the median home price.

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Announcing the AWS Well-Architected Data Analytics Lens

AWS Big Data

The updated Data Analytics Lens outlines the most up-to-date steps for performing an AWS Well-Architected review that empowers you to assess and identify technical risks of your data analytics platforms. He’s worked with small and big data for most of his career, and has built applications running on AWS since 2008.

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5 Ways Data Analytics Helps Us Understand the Student Lending Crisis

Smart Data Collective

Data analytics is giving us more insights into many of the most pressing challenges that we have faced as a society. More policymakers are using data to make more informed decisions. Analytics Insight shared a list of 10 major ways that big data is changing politics. But what should today’s borrowers really expect?

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4 of the Biggest Data Breaches in Banking

Smart Data Collective

Big data is causing a number of data breaches. People use finances daily, but it doesn’t mean they are completely protected from data breaches. This article discusses four of the most significant data breaches in banking…. Be sure to consult a lawyer/solicitor if you’re seeking advice on data breach compensation.

Finance 118