Remove 2022 Remove Modeling Remove Reporting Remove Risk
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

Turning climate risks into business opportunities 

IBM Big Data Hub

As businesses make plans to mitigate climate risks such as extreme weather events, they have an opportunity to innovate with new business models and demonstrate leadership by implementing more sustainable practices. What is climate risk? To best prepare, organizations need to develop a climate risk strategy.

Risk 68
Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

Reshoring: The risks of swinging the pendulum too far

IBM Big Data Hub

However, a 2022 report by the World Bank estimated that the global economy could lose up to USD 1.2 The report also found that disruptions to the global supply chain are likely to have a significant impact on developing countries, as these countries are more reliant on imported goods and services.

Risk 85
article thumbnail

2022–23 Global Network Report: are you a top performer?

CIO Business Intelligence

This is clear from NTT’s 2022–23 Global Network Report , for which we conducted 1,378 in-depth interviews across 21 countries in the Americas, Europe, Asia Pacific, the Middle East and Africa, and Australia and New Zealand. Ever-increasing security and compliance risks present further challenges.

article thumbnail

UK Government tests frictionless trade models with Ecosystem of Trust pilots

IBM Big Data Hub

The UK government’s Ecosystem of Trust is a potential future border model for frictionless trade, which the UK government committed to pilot testing from October 2022 to March 2023. The models also reduce private sector customs data collection costs by 40%.

Testing 95
article thumbnail

Enterprise Storage Trends That CIOs Need to Grasp for the Remainder of 2022

CIO Business Intelligence

To help make it quick and easy for IT leaders to get a reliable snapshot of the enterprise storage trends, we put together this “trends update” for the second half of 2022. We predicted at the start of 2022 that cyber resilience from the storage estate would be critical this year because of the threats of cyberattacks.

article thumbnail

AI-Based Banking Loan Software Will Become Norm In 2022

Smart Data Collective

In this article, we decided to cover the tendencies in banking loan software in 2022 and give a brief market outlook of AI-driven lending software as a whole. The Deloitte report says that in the second quarter of 2020 the largest 100 banks in the USA reported $103.4 Loan Software in Banking in 2022: The Bottom Line.

Software 121