Remove 2011 Remove Deep Learning Remove Risk Management Remove Testing
article thumbnail

Automating Model Risk Compliance: Model Validation

DataRobot Blog

To start with, SR 11-7 lays out the criticality of model validation in an effective model risk management practice: Model validation is the set of processes and activities intended to verify that models are performing as expected, in line with their design objectives and business uses.

Risk 52
article thumbnail

Themes and Conferences per Pacoid, Episode 8

Domino Data Lab

Also, while surveying the literature two key drivers stood out: Risk management is the thin-edge-of-the-wedge ?for Fun fact: in 2011 Google bought remnants of what had previously been Motorola. We find ways to improve machine learning so that it requires orders of magnitude more data, e.g., deep learning with neural networks.