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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
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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
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How AI Can Supercharge Your Ransomware Defense In 2022?

Smart Data Collective

With AI, the risk score for a device doesn’t depend on individual indicators. Predicting If a Device Is at Risk. Therefore, the risk score is always being adjusted accordingly. On the other hand, if a device is determined to be at risk when it really isn’t, customer experience will suffer. Stopping Ransomware Payloads.

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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 Companies can manufacture products closer to the consumer, reducing the risk of disruption caused by natural disasters and geopolitical instability. trillion in 2023 because of these disruptions.

Risk 85
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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. 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. Organize ERM strategy, operations, and data. Determine impact tangents.

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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%.

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AWS Lake Formation 2022 year in review

AWS Big Data

For AWS customers, effective data governance improves decision-making, increases business agility, provides a competitive advantage, and reduces the risk of fines due to non-compliance with regulatory obligations. In the rest of this post, we are happy to share the progress we made in 2022.