2011 Cost-Benefit Modeling Risk 
DataRobot Blog
MAY 10, 2022
Addressing the Key Mandates of a Modern Model Risk Management Framework (MRM) When Leveraging Machine Learning . The regulatory guidance presented in these documents laid the foundation for evaluating and managing model risk for financial institutions across the United States.
O'Reilly on Data
APRIL 23, 2024
But this kind of virtuous rising tide rent, which benefits everyone, doesn’t last. Back in 1971, in a talk called “ Designing Organizations for an Information-rich World ,” political scientist Herbert Simon noted that the cost of information is not just money spent to acquire it but the time it takes to consume it. “In
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DataRobot Blog
MAY 26, 2022
Last time , we discussed the steps that a modeler must pay attention to when building out ML models to be utilized within the financial institution. In summary, to ensure that they have built a robust model, modelers must make certain that they have designed the model in a way that is backed by research and industry-adopted practices.
Domino Data Lab
AUGUST 6, 2021
Model Risk Management is about reducing bad consequences of decisions caused by trusting incorrect or misused model outputs. Systematically enabling model development and production deployment at scale entails use of an Enterprise MLOps platform, which addresses the full lifecycle including Model Risk Management.
O'Reilly on Data
MAY 11, 2020
Not all models are created equal, however: they operate on different principles, and impact us as individuals and communities in different ways. To understand the menagerie of models that are fundamentally altering our individual and shared realities, we need to build a typology, a classification of their effects and impacts.
Smart Data Collective
SEPTEMBER 29, 2022
However, we haven’t discussed the benefits of using AI to distribute apps through app marketplaces in as much detail. In order to appreciate the benefits of using AI to create a new app marketplace, it is important to first address the challenges. Some of them are listed below: Mitigate app security risks.
CIO Business Intelligence
JUNE 1, 2023
That’s why democratizing HPC via the cloud—known as Cloud for HPC—can provide significant benefits to all of humankind. Here are a few outcomes from HPC’s groundbreaking capabilities: HPC modeling and simulation help engineers test jet engines without destroying a single $10-40 million jet engine. And changes are coming at warp speed.
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