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What is Model Risk and Why Does it Matter?

DataRobot Blog

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. However, after the financial crisis, financial regulators around the world stepped up to the challenge of reigning in model risk across the financial industry.

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Vendor Security is Key to Preventing Future Data Breaches

Smart Data Collective

However, the Identity Theft Resource Center reports a 68% increase in data breaches at corporations in 2021, surpassing the previous record rise of 23% in 2017. As a result, third-party risk management (TPRM) has become a crucial aspect of enterprise risk management.

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The history of ESG: A journey towards sustainable investing

IBM Big Data Hub

However, it wasn’t until the 1990s that ESG considerations started to appear in mainstream investment strategies. 1 Slowly but surely, institutional investors started to recognize that companies could potentially improve financial performance and risk management by focusing on ESG issues like greenhouse gas emissions.

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GRC 2020: The Approaching Year of Final Demise

John Wheeler

Gartner kicked-off it’s global series of 2019 Security & Risk Management Summit Conferences last month in Washington, DC. It’s here where we receive direct feedback from both technology providers as well as end-users on emerging trends and technologies for security and risk management.

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5 things to know: IBM Cloud’s mission to accelerate innovation for clients

IBM Big Data Hub

Delivering high levels of resiliency It’s essential for clients to be able to securely manage mission-critical workloads and enable business continuity as they implement strategies to reduce risk and keep pace with market demands.

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Nutanix acquisition rumors highlight need for managing vendor risk

CIO Business Intelligence

We’ve already seen what happened when HPE bought hyperconverged infrastructure vendor SimpliVity back in January 2017. If not, then you immediately have to start figuring out your exit strategy,” says Tony Harvey, a senior director and analyst at Gartner who advises on vendor selection. If that’s true, then you’re in a better position.

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The trinity of errors in financial models: An introductory analysis using TensorFlow Probability

O'Reilly on Data

Whether financial models are based on academic theories or empirical data mining strategies, they are all subject to the trinity of modeling errors explained below. All financial models, whether based on academic theories or data mining strategies, are at the mercy of the trinity of modeling errors. Nobels For Nonsense , by J.R.

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