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

New CIO appointments in India, 2022

CIO Business Intelligence

March 2022. He has assisted the top management in planning IT strategies and leveraging technologies for rationalizing manpower, enhancing organizational productivity, and improving the efficiency of operations. February 2022. January 2022. Write to us if you have news to share. Parle Agro appoints Avadhut Parab as CIO.

Insiders

Sign Up for our Newsletter

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

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. The company, which reported net revenues of $3.6

article thumbnail

How Zero Trust can help align the CIO and CISO

CIO Business Intelligence

billion in 2022. Data Management: CIOs are focused on effectively managing and leveraging the massive amounts of data generated by digital businesses. Risk Management: CISOs must assess and manage the risks posed by new technologies and changing threat landscapes.

article thumbnail

Successful Change Management with Enterprise Risk Management

Speaker: William Hord, Vice President of ERM Services

In this webinar, you will learn how to: Outline popular change management models and processes. Practice change management process with ERM data. August 11, 2022 at 11:00 am PDT, 2:00 pm EDT, 7:00 pm GMT The end result is the ability to streamline your allocation of capital and resources. Determine impact tangents.

article thumbnail

AI Governance: Break open the black box

IBM Big Data Hub

IBM Global AI Adoption Index 2022.). Manual processes that introduce risk and make it hard to scale. Multiple unsupported tools for building and deploying models. Challenges around managing risk. This includes capturing of the metadata, tracking provenance and documenting the model lifecycle.

article thumbnail

What a quarter century of digital transformation at PayPal looks like

CIO Business Intelligence

From 2016 to 2022, the company went from processing a payments volume of $354 billion to $1.36 Today we apply AI and ML across our business, including for fraud reduction, risk management, customer protection, personalized services, and global trade empowerment.” trillion last year.