article thumbnail

What is Model Risk and Why Does it Matter?

DataRobot Blog

This provides a great amount of benefit, but it also exposes institutions to greater risk and consequent exposure to operational losses. 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. What is a model?

Risk 111
article thumbnail

6 business risks of shortchanging AI ethics and governance

CIO Business Intelligence

Even if the AI apocalypse doesn’t come to pass, shortchanging AI ethics poses big risks to society — and to the enterprises that deploy those AI systems. The following real-world implementation issues highlight prominent risks every IT leader must account for in putting together their company’s AI deployment strategy.

Risk 145
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Governance for responsible AI: The easy things and the hard ones

CIO Business Intelligence

The easy things: A clear understanding of AI terminology and risks There’s a host of things that can be established with relative ease early in an organization’s AI journey. This context is important not just to meet your audience where they are, but also to understand risks that are specific to the context of your AI application.

Risk 126
article thumbnail

Where’s the ROI for AI? CIOs struggle to find it

CIO Business Intelligence

The concern about calculating the ROI also rings true to Stuart King, CTO of cybersecurity consulting firm AnzenSage and developer of an AI-powered risk assessment tool for industrial facilities. Close behind were machine learning and natural language processing. CNH first unveiled an autonomous tractor concept in 2016.

ROI 138
article thumbnail

Cropin’s agriculture industry cloud to provide apps, data frameworks

CIO Business Intelligence

Dubbed Cropin Cloud, the suite comes with the ability to ingest and process data, run machine learning models for quick analysis and decision making, and several applications specific to the industry’s needs. Founded in 2016, Malaysian startup Agritix offers a plantation workforce management solution, dubbed Agritix Workforce.

B2B 100
article thumbnail

How automation enables better data governance

CIO Business Intelligence

Since the introduction of notable data privacy and human rights acts, like GDPR in 2016 and the CCPA in 2018, privacy regulations worldwide have continued to develop aggressively. Constantly flagging and eliminating obsolete, redundant, unused, and ungoverned data reduces compliance risk, enhances efficiencies, and lowers storage costs.

article thumbnail

Oracle makes its pitch for the enterprise cloud. Should CIOs listen?

CIO Business Intelligence

What’s holding Oracle back Still, on the downside, while OCI is now competitive in PaaS, and has the benefit of the Oracle Autonomous Database, “its portfolio of cloud-native services still lags the leaders in some key areas” such as AI and machine learning (ML), Gartner’s Wright says. The inherent risk is trust.