Remove 2017 Remove Big Data Remove Risk Remove Statistics
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What is Model Risk and Why Does it Matter?

DataRobot Blog

With the big data revolution of recent years, predictive models are being rapidly integrated into more and more business processes. This provides a great amount of benefit, but it also exposes institutions to greater risk and consequent exposure to operational losses.

Risk 111
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How Financial Institutions Are Becoming Champions Of Big Data

Smart Data Collective

Nonetheless, the financial industry is using big data more than ever. The success of both Fintech companies and traditional banks will hinge on their ability to leverage big data to its fullest potential. How Financial Institutions Are Becoming the Unlikely Champions of Big Data.

Big Data 100
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How Insurance Companies Use Data To Measure Risk And Choose Rates

Smart Data Collective

Here is the type of data insurance companies use to measure a client’s potential risk and determine rates. Traditional data, like demographics, continues to be a factor in risk assessment. Teens and young adults are less experienced drivers and, therefore, at risk for more car accidents. Demographics. Occupation.

Insurance 108
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What Are the Most Important Steps to Protect Your Organization’s Data?

Smart Data Collective

In the modern world of business, data is one of the most important resources for any organization trying to thrive. Business data is highly valuable for cybercriminals. They even go after meta data. Big data can reveal trade secrets, financial information, as well as passwords or access keys to crucial enterprise resources.

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Cloudera and NVIDIA Help IRS Fight Fraud, Safeguard Taxpayers

Cloudera

By more effectively leveraging its petabytes of current and historical data, the IRS is working to stave off costly fraud and waste, more efficiently deliver on fundamental missions, and better protect taxpayers, including from risks such as identity theft.

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Transforming Credit and Collection with Predictive Analytics

BizAcuity

is delinquent as of June 30th, 2017. Today, it’s no secret that most forward-thinking businesses are keenly following the latest developments on big data, artificial intelligence, machine learning, and predictive analytics. And this data is crucial in taking the necessary steps to ensure successful debt collection.

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Can AI Replace The Staff In The Judicial System?

Smart Data Collective

The point is that the American courtrooms have faced government pressure to reduce prison quantity but avoiding risks in crime rising. Specifically, they apply the examination of historical crime statistics and face-recognition technology to improve staff effectiveness. It depends strictly on the type and quality of data received.

Risk 106