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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.

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NASA overspent $15 million on unused Oracle licenses as it failed to track usage

CIO Business Intelligence

All Posts The US National Aeronautics and Space Administration (NASA) has overspent about $15 million on Oracle software over the past five years because it lacked a centralized software asset management practice, according to an audit report published by the space agency’s office of the inspector general (OIG).

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Sixth Time’s the Charm: Dresner’s Wisdom of Crowds Report Names Alation #1 Data Catalog

Alation

Alation has been named the #1 data catalog in Dresner’s 2022 Wisdom of Crowds report for the sixth consecutive year! To arrive at a ranking, report authors interviewed and surveyed real data catalog users. In this way, report authors have furnished a useful buyer’s guide for prospective data catalog users. Key findings.

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5 questions CIOs must ask after Southwest Airlines’ failure

CIO Business Intelligence

billion in stock buybacks between 2017 and 2019. In 2017, Fast Company wrote that Southwest Airlines’ digital transformation “takes off” with an $800 million technology overhaul, but only $300 million was dedicated to new technology for operations. 31 what amounts to $428 million a year.

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Rising Tide Rents and Robber Baron Rents

O'Reilly on Data

They published the original Transformer paper (not quite coincidentally called “Attention is All You Need”) in 2017, and released BERT , an open source implementation, in late 2018, but they never went so far as to build and release anything like OpenAI’s GPT line of services. I think not.

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How TCS is helping to fight financial crime with AI and Microsoft Cloud

CIO Business Intelligence

As consumers embrace ecommerce, digital banking, and online payment applications, the risk of fraud and other financial crimes has increased dramatically. billion, a 436% increase over 2017 levels, according to McKinsey. The stakes for financial organizations are growing as well. In 2021, U.S. fraud losses amounted to $5.9

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Climate change predictions: Anticipating and adapting to a warming world

IBM Big Data Hub

The model could potentially be used to identify conditions that raise the risks of wildfires and predict hurricanes and droughts. Predictions range as high as 5 degrees Celsius or more by the end of the 21st century, according to the Climate Science Special Report from the U.S. Global Change Research Program, 2017. IPCC, 2023.

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