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.

Risk Management 64

Risk Management Risk Modeling Enterprise 64

DataRobot Blog

APRIL 29, 2022

The stakes in managing model risk are at an all-time high, but luckily automated machine learning provides an effective way to reduce these risks. However, after the financial crisis, financial regulators around the world stepped up to the challenge of reigning in model risk across the financial industry.

Risk 111

Risk Modeling IT Risk Management 111

DataRobot Blog

MAY 26, 2022

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

Risk Modeling Metrics Business Objectives 52

Domino Data Lab

APRIL 3, 2019

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. data to train and test models poses new challenges: The need for reproducibility in analytics workflows becomes more acute.

Data Governance 84

Data Governance Machine Learning Metadata Big Data 84

datapine

AUGUST 29, 2022

He founded the project Apache Storm in 2011, which turned to be “one of the world’s most popular stream processors and has been adopted by many of the world’s largest companies, including Yahoo!, Microsoft, Alibaba, Taobao, WebMD, Spotify, Yelp” according to Marz himself. is one of the greatest on the market.

Big Data 263

Big Data Data Analytics Analytics Data mining 263