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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. What is a model?

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

Cloudera

As part of these efforts, disclosure requirements will mandate that firms provide “the impact of a company’s activities on the environment and society, as well as the business and financial risks faced by a company due to its sustainability exposures.” What are the key climate risk measurements and impacts? They need to understand;

Risk 80
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Cloudera wins Risk Markets Technology Award for Data Management Product of the year

Cloudera

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.

Risk 88
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Driving 15 years of IT transformation in 5

CIO Business Intelligence

These include network management, help desk, establishing and enforcing policies related to information security and risk management, and several other IT functions. Besides, our businesses shouldn’t have to worry that outdated network equipment is putting their operation at risk.” The Birmingham, Ala.-based

IT 107
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How Data Lineage Improves Data Compliance

Octopai

Banks didn’t accurately assess their credit and operational risk and hold enough capital reserves, leading to the Great Recession of 2008-2009. Data lineage and financial risk data compliance. Even when they are allowed to use internal models, the result still needs to reach a certain threshold ( 72.5% Enter: BCBS 239!

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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. Without this understanding, data can proliferate and become more of a risk to the business than a benefit. Data Architecture and Data Modeling. Relational data modeling, 1970s.

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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.