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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 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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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
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Prevent Ransomware with New Capabilities from Anomali

CIO Business Intelligence

Today, organizations employ defense-in-depth strategies to stop attacks. This enables you to proactively detect and respond, and ultimately reduce the risk of falling victim to ransomware attacks. This is an infinite journey against the bad guys, and we must all work together with all hands-on deck.

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Combine transactional, streaming, and third-party data on Amazon Redshift for financial services

AWS Big Data

The following are some of the key business use cases that highlight this need: Trade reporting – Since the global financial crisis of 2007–2008, regulators have increased their demands and scrutiny on regulatory reporting. Apart from generating regulatory reports, these teams require visibility into the health of the reporting systems.