Remove 2008 Remove Big Data Remove Risk Remove Statistics
article thumbnail

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
article thumbnail

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.

Big Data 100
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

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

Smart Data Collective

In the modern world of business, data is one of the most important resources for any organization trying to thrive. Business data is highly valuable for cybercriminals. They even go after meta data. Big data can reveal trade secrets, financial information, as well as passwords or access keys to crucial enterprise resources.

Testing 124
article thumbnail

AI Data, Traditional Trading, and Modern Investments

Smart Data Collective

By analyzing, identifying, and predicting these trends, analysts are able to help their clients minimize risk while enjoying large returns. Fortunately, the first robo-advisors were created in 2008. The flip side is that a system relying solely on AI data doesn’t make emotionally charged decisions.

Finance 138
article thumbnail

New Thinking, Old Thinking and a Fairytale

Peter James Thomas

Of course it can be argued that you can use statistics (and Google Trends in particular) to prove anything [1] , but I found the above figures striking. Here we come back to the upward trend in searches for Data Science. For example in 20 Risks that Beset Data Programmes. . [7]. Source: Google Trends.

article thumbnail

Data Science, Past & Future

Domino Data Lab

He was saying this doesn’t belong just in statistics. He also really informed a lot of the early thinking about data visualization. It involved a lot of interesting work on something new that was data management. To some extent, academia still struggles a lot with how to stick data science into some sort of discipline.

article thumbnail

Themes and Conferences per Pacoid, Episode 12

Domino Data Lab

2008 – Financial crisis : scientists flee Wall St. to join data science teams, e.g., to support advertising, social networks, gaming, and so on—I hired more than a few. 2018 – Global reckoning about data governance, aka “Oops! The probabilistic nature changes the risks and process required.