Remove 2021 Remove Modeling Remove Risk Management Remove Strategy
article thumbnail

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. What is a model?

Risk 111
article thumbnail

10 hottest IT jobs for salary growth in 2023

CIO Business Intelligence

There’s a strong need for workers with expertise in helping companies make sense of data, launch cloud strategies, build applications, and improve the overall user experience. The demand for project managers has grown, with salaries for this role increasing by 15.6% percent since 2021, according to Dice.

IT 139
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Data Analytics Helps Hedge Funds Improve Customer ROIs

Smart Data Collective

billion in 2021 and is expected to be worth over $19 billion in 2030. Optimizing hedge fund performance requires the implementation of intelligent strategies, from managing risks to maximizing returns, improving investor relations, and adapting to shifting market conditions.

ROI 72
article thumbnail

The complex patchwork of US AI regulation has already arrived

CIO Business Intelligence

Senate Bill 1047 , introduced in the California State Legislature in February, would require safety testing of AI products before they’re released, and would require AI developers to prevent others from creating derivative models of their products that are used to cause critical harms.

Risk 119
article thumbnail

10 highest-paying IT jobs

CIO Business Intelligence

IT management It’s no surprise that IT executive positions earn some of the highest average salaries, with Dice reporting an average yearly salary of $164,814 in 2022 — an 8.4% increase from 2021. Average salary: US$164,814 Increase since 2021: 8.4% Average salary : US$155,934 Increase from 2021 : n/a 3.

IT 116
article thumbnail

Mitigating the impact of climate change in insurance and other financial services  

IBM Big Data Hub

In 2021, large-scale floods affected the European countries of Austria, Germany, Belgium, the Netherlands and Luxembourg, causing USD 43 billion worth of damage in addition to a tragic loss of life. Firms might need to overhaul their risk assessment and portfolio management practices to include climate risk and opportunity.

article thumbnail

Inside Nasdaq’s AI-fueled pivot to SaaS provider

CIO Business Intelligence

Nasdaq is currently using gen AI for a range of applications, including supporting digital investigators’ efforts to identify financial crime risk and empowering corporate boards to consume presentations and disclosures more efficiently.