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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.

Risk 111
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Data center provider fakes Tier 4 data center certificate to bag $11M SEC deal

CIO Business Intelligence

Another news report dated 2016 shows Jain as the Founder and CEO of AiNET, which “designs, constructs, operates, and supports Internet data centers, optical fiber networks, and easy-to-understand cloud solutions. The scheme allegedly put the SEC’s data security and operational integrity at risk.

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Generative AI’s killer enterprise app just might be ERP

CIO Business Intelligence

The use of gen AI with ERP systems is still in its early days, but the combination is expected to provide several benefits, including helping employees create specialized ERP functionality on their own through code wizards, says Liz Herbert, a Forrester analyst and lead author of the report, “ How Generative AI Will Transform ERP.”

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12 famous ERP disasters, dustups and disappointments

CIO Business Intelligence

Panorama Consulting Solutions, which regularly surveys businesses on the outcomes of their ERP projects, shows in its 2022 report that 81% of projects met ROI expectations a year or more after go-live. While we weren’t naïve to the risk of disruption to the business, the extent and magnitude was greater than we anticipated.”

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Captive centers are back. Is DIY offshoring right for you?

CIO Business Intelligence

You’d be forgiven if you’re wondering whether you’ve stumbled on an article from 2016 , but, in fact, the practice of launching an offshore IT center wholly owned and operated by the enterprise it serves is back in vogue with notable twists. Captive centers are on the rise. Not all BOTs transfer in the end, notes Martorelli.

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

CIO Business Intelligence

In the report, Gartner says Oracle differentiates itself from other providers through its enhanced support for Oracle Applications, aggressive IaaS pricing, multicloud services, and variety of distributed and sovereign cloud options. The inherent risk is trust. Oracle requires all Fusion customers to upgrade every quarter,” he says.

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Cyber Fraud Statistics & Preventions to Prevent Data Breaches in 2021

Smart Data Collective

The risk of data breaches will not decrease in 2021. Data breaches and security risks happen all the time. One bad breach and you are potentially risking your business in the hands of hackers. rose from 38 million in 2016 to over 50 million in 2018. The internet has always been vulnerable to threats and risks.