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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. When business decisions are made based on bad models, the consequences can be severe. As machine learning advances globally, we can only expect the focus on model risk to continue to increase.

Risk 111
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How to Gain Greater Confidence in your Climate Risk Models

Cloudera

Stress testing was heavily scrutinized in the post 2008 financial crisis. Transition : the changes in asset values, business models, etc. (ex. Quantifying and evaluating climate risk will require risk and finance teams to model behavior related to these risks and evolve new metrics. A Partnership in Climate Risk Modelling.

Risk 82
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VMware by Broadcom: The First 100 Days

CIO Business Intelligence

And we’ve completed the software business-model transition that began to accelerate in 2019, from selling perpetual software to subscription licensing only – the industry standard. From September 2005 to January 2008, he served as chairman of the board of Integrated Device Technology. He has held this position since March 2006.

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A changing market landscape requires constant evolution: Our mission for VMware customers

CIO Business Intelligence

Early in this process, I concluded that the previous go-to-market model was too complex and costly for VMware and its customers. Third, VMware will complete its transition plan to a subscription model that provides access to the most recent version plus support for a fixed term. He has held this position since March 2006.

Marketing 106
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CDOs’ biggest problem? Getting colleagues to understand their role

CIO Business Intelligence

The CDO position first gained momentum around 2008, to ensure data quality and transparency to comply with regulations following the housing credit crisis of that era. Part of the challenge is to capture the right amount of data needed to train large language models for specialized tasks at each organization, she says.

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The Difference Between Data Architecture and Enterprise Architecture

erwin

Whereas a data architect’s scope, is mostly limited to the “What”(data), and from a system model/logical (level 3) perspective. Data Architecture and Data Modeling. Data modeling is a key facet of data architecture and is the process of creating a formal model that represents the information used by the organization and its systems.

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What is ArchiMate?

erwin

ArchiMate is an enterprise architecture (EA) modeling language from The Open Group and used to communicate an organization’s enterprise architecture. Pronounced “ AR-ki-mayt” , the modeling language’s name comes from a compounding of “ archi tecture” and “ani mate.” The idea being that this makes the standard easier to learn and apply.