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Running Code and Failing Models

DataRobot

Even if all the code runs and the model seems to be spitting out reasonable answers, it’s possible for a model to encode fundamental data science mistakes that invalidate its results. These errors might seem small, but the effects can be disastrous when the model is used to make decisions in the real world.

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What is transformational leadership? A model for motivating innovation

CIO Business Intelligence

Bass further expanded the concept to include ways for measuring the success of transformational leadership. This model encourages leaders to demonstrate authentic, strong leadership with the idea that employees will be inspired to follow suit. Transformational leadership model.

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Automating Model Risk Compliance: Model Validation

DataRobot Blog

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.

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Rising Tide Rents and Robber Baron Rents

O'Reilly on Data

From 2000 to 2011, the percentage of US adults using the internet had grown from about 60% to nearly 80%. Some of those innovations, like Amazon’s cloud computing business, represented enormous new markets and a new business model. The market was maturing. By the end of 2012, it was up to 82%. These companies did continue to innovate.

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A history of tech adaptation for today’s changing business needs

CIO Business Intelligence

The digitization of internal processes came in 2011, when the company decided to streamline its internal data management, quality control, project management, and communication processes through digital tools and platforms. According to Mohammed, the results of this digital transformation journey are measurable and impressive.

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What Is Model Risk Management and How is it Supported by Enterprise MLOps?

Domino Data Lab

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.

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How to Optimize Marketing and Sales Operations

Jedox

The description of the sales funnel is often used: individual stages of the sales process enable the measurement of key figures from the first contact to the conclusion with a signed contract or product purchased. In short, offer them exactly what they’re looking for. The evolution of marketing data.

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