DataRobot Blog

APRIL 29, 2022

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. What is a model?

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Risk Modeling IT Risk Management 111

Cloudera

OCTOBER 20, 2021

Understanding a firm’s exposure to climate risk begins with creating scenarios and gaining better visibility to the impact of a variety of variables on the book of business. Stress testing was heavily scrutinized in the post 2008 financial crisis. Transition : the changes in asset values, business models, etc. (ex.

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CIO Business Intelligence

MARCH 21, 2024

These include network management, help desk, establishing and enforcing policies related to information security and risk management, and several other IT functions. The Birmingham, Ala.-based At corporate, we focus on things that can be done globally,” says Lovelady. IT’s seat at the table has been cemented for many reasons.

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IT Manufacturing Risk Management Risk 111

Cloudera

FEBRUARY 4, 2021

Financial services institutions need the ability to analyze and act on massive volumes of data from diverse sources in order to monitor, model, and manage risk across the enterprise. They need a comprehensive data and analytics platform to model risk exposures on-demand. Cloudera is that platform.

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Risk Marketing Technology Management 88

O'Reilly on Data

JULY 15, 2019

In recent posts, we described requisite foundational technologies needed to sustain machine learning practices within organizations, and specialized tools for model development, model governance, and model operations/testing/monitoring. Note that the emphasis of SR 11-7 is on risk management.). Image by Ben Lorica.

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Cloudera

FEBRUARY 15, 2024

It’s hard to believe it’s been 15 years since the global financial crisis of 2007/2008. While this might be a blast from the past we’d rather leave in the proverbial rear-view mirror, in March of 2023 we were back to the future with the collapse of Silicon Valley Bank (SVB), the largest US bank to fail since 2008.

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Insurance Data Architecture Risk Management Risk 88

CIO Business Intelligence

MAY 24, 2022

Deloitte estimates that compliance costs for banks have increased by 60% since the financial crisis of 2008, and the Risk Management Association found that 50% of financial institutions spend 6 to 10% of their revenues on compliance. This is where sophisticated OCR (optical character recognition), NLP, and AI models come in.

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