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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. In a BIS advisory report , it was highlighted that the stress testing scenarios used by the banks were insufficient to capture the extreme risks and fluctuations that were realized. Transition : the changes in asset values, business models, etc. (ex.

Risk 84
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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.

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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. After completion of the testing procedure, the certificate is provided to show that all requirements were met.

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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. Risk management and models in a COVID-19 world.

Risk 92
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AI for Human Capital Management

DataRobot Blog

The Office of Personnel Management (OPM) began tracking time-to-hire (T2H) requirements in 2008 and found that the average government hire took around 100 days. In this blog post, the DataRobot team will show how the DataRobot AI Cloud Platform can build models to predict if an employee will depart an organization in the next six months.

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10 Ways Organizations Can Prepare for Changes Brought on by the IoT

Smart Data Collective

Many companies are going to have to revamp their entire business models in order to deal with the new technological changes brought on by advances in the IoT. We have many examples of companies that refuse to previous changes in the market and eventually collapse because of their persistent attachment to an old-fashioned business model.

IoT 113