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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. What is a model?

Risk 111
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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
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The hard truth about lifecycle management

CIO Business Intelligence

Compare that to a company that relied on BizTalk 2016 as its application integration platform. Well before BizTalk 2016’s retirement, Microsoft announced that its successor, BizTalk 2020, would be released mid-2019, and BizTalk 2016’s end-of-life date (well, month) would be November 2022.

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12 famous ERP disasters, dustups and disappointments

CIO Business Intelligence

While we weren’t naïve to the risk of disruption to the business, the extent and magnitude was greater than we anticipated.” The auditors noted that rollout of “the first phases” of CLS was now expected that same year, and added recommendations on managing outsourcing risk to their earlier warnings. By March 2019, things were slipping.

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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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Belcorp reimagines R&D with AI

CIO Business Intelligence

As Belcorp considered the difficulties it faced, the R&D division noted it could significantly expedite time-to-market and increase productivity in its product development process if it could shorten the timeframes of the experimental and testing phases in the R&D labs.

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

CIO Business Intelligence

Oracle’s cloud pitch Kevin Thompson, CEO at Tricentis, a provider of testing and engineering products, sees Oracle as a solid contender in the enterprise cloud space, thanks to its key differentiation from more established rivals. The inherent risk is trust. Oracle requires all Fusion customers to upgrade every quarter,” he says.