Remove 2022 Remove Modeling Remove Reporting Remove Testing
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

You Can’t Regulate What You Don’t Understand

O'Reilly on Data

The world changed on November 30, 2022 as surely as it did on August 12, 1908 when the first Model T left the Ford assembly line. If we want prosocial outcomes, we need to design and report on the metrics that explicitly aim for those outcomes and measure the extent to which they have been achieved. This is unacceptable.

Metrics 284
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

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
article thumbnail

Sydney and the Bard

O'Reilly on Data

Sydney-enhanced Bing has threatened and insulted its users, in addition to being just plain wrong (insisting that it was 2022, and insisting that the first Avatar movie hadn’t been released yet). That’s what beta tests are for. You can train models that are optimized to be correct—but that’s a different kind of model.

Testing 211
article thumbnail

Key Success Metrics, Benefits, and Results for Data Observability Using DataKitchen Software

DataKitchen

We kept adding tests over time; it has been several years since we’ve had any major glitches. DataKitchen helped us completely transform our operations by broadening our testing definition. Tests assess important questions, such as “Is the data correct?” Data errors can cause compliance risks.

Metrics 120
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. When business decisions are made based on bad models, the consequences can be severe. As machine learning advances globally, we can only expect the focus on model risk to continue to increase.

Risk 111
article thumbnail

How the new AI executive order stacks up: B-

CIO Business Intelligence

While it addresses a broad spectrum of objectives for the AI ecosystem and builds upon previous directives related to AI, it is not without its challenges, notably a lack of accountability and specific timelines alongside potentially over-reaching reporting requirements. Thus, additional clarity around reporting of deep R&D is needed.

Testing 132