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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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Data-Driven EHR Systems Are Invaluable to the Patient Experience

Smart Data Collective

Big data is disrupting the healthcare sector in incredible ways. The market for data solutions in healthcare is expected to be worth $67.8 billion by 2025 , which is a remarkable 303% increase from 2017. There are a lot of different applications for big data in the healthcare sector. Better patient outcomes with big data.

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How Insurance Companies Use Data To Measure Risk And Choose Rates

Smart Data Collective

The auto insurance industry has always relied on data analysis to inform their policies and determine individual rates. With the technology available today, there’s even more data to draw from. The good news is that this new data can help lower your insurance rate. Demographics. Demographics. This includes: Age. Occupation.

Insurance 107
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AI, cybersecurity investments and identity take center stage at RSA 2024

CIO Business Intelligence

For many, this spring’s RSA show was an energized, optimistic experience, similar to the pre-pandemic years of 2017-2019. Enterprises are investing significant budget dollars in AI startups focused on threat detection, identity verification and management, cloud/data security, and deception security. For CISOs, the messages were clear.

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LayerX Security Raises $24M for its Browser Security Platform, Enabling Employees to Work Securely from Any Browser, Anywhere

CIO Business Intelligence

Yet, these fundamental work activities expose organizations to a wide range of security risks, like data leaks, identity and password theft, malicious browser extensions, phishing sites and more. Today’s modern enterprise employees rely heavily on browser-based services and SaaS applications.

IT 57
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Munich Re Launches Enterprise-Wide Data-Driven Platform for Analytics

Alation

. - Andreas Kohlmaier, Head of Data Engineering at Munich Re 1. --> Ron Powell, independent analyst and industry expert for the BeyeNETWORK and executive producer of The World Transformed FastForward Series, interviews Andreas Kohlmaier, Head of Data Engineering at Munich Re. Sometimes they didn’t really know about each other.

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When natural disasters strike Japan, ?ita University’s EDiSON is ready to act

CIO Business Intelligence

And the key to success is having data that can be analyzed for actionable insights. But until recently , gathering accurate and timely data from multiple sources had been challenging for the local island governments because of a lack of equipment, process and format standardization, technology, and human resources.

IoT 86