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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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Statistics for Google Sheets

The Unofficial Google Data Science Blog

The statistics app for Google Sheets hopes to change that. Editor's note: We've mostly portrayed data science as statistical methods and analysis approaches based on big data. Introduction Statistics for Google Sheets is an add-on for Google Sheets that brings elementary statistical analysis tools to spreadsheet users.

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11 Financial Model Examples & Templates for 2021

Jet Global

Enterprises actively use financial modeling to guide their financial planning and strategic decision-making. Financial models offer data-driven, quantitative analysis that tells you where your company stands and where it’s heading. That being said, one model can’t do it all. What Is Financial Modeling?

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Smarten Augmented Analytics Receives CERT-IN Certification for Its Products and Services!

Smarten

It was initiated in 2004 by the Department of Information Technology for implementing the provisions of the 2008 Information Technology Amendment Act. All of these tools are designed for business users with average skills and require no special skills or knowledge of statistical analysis or support from IT or data scientists.

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Data Observability and Monitoring with DataOps

DataKitchen

Since 2008, teams working for our founding team and our customers have delivered 100s of millions of data sets, dashboards, and models with almost no errors. Best practices include continuous monitoring of machine learning models for degradations in accuracy. . Tie tests to alerts. DataOps alerts are not general in nature.

Testing 214
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Fitting Bayesian structural time series with the bsts R package

The Unofficial Google Data Science Blog

SCOTT Time series data are everywhere, but time series modeling is a fairly specialized area within statistics and data science. This post describes the bsts software package, which makes it easy to fit some fairly sophisticated time series models with just a few lines of R code. by STEVEN L. Forecasting (e.g.

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Top 10 IT & Technology Buzzwords You Won’t Be Able To Avoid In 2020

datapine

Internal comms: Computer vision technology can serve to improve internal communication by empowering employees to perform their tasks more visually, sharing image-based information that is often more digestible and engaging than text-based reports or information alone. Artificial Intelligence (AI).