article thumbnail

Automating Model Risk Compliance: Model Validation

DataRobot Blog

What are some steps that the modeler/validator must take to evaluate the model and ensure that it is a strong fit for its design objectives? Evaluating ML models for their conceptual soundness requires the validator to assess the quality of the model design and ensure it is fit for its business objective.

Risk 52
article thumbnail

Common cloud migration challenges and how to manage them

IBM Big Data Hub

Though it can deliver many benefits, a migration project poses some risks to an organization and presents a unique set of challenges. This factor differs depending on your company’s specific needs and business objectives, chosen cloud service providers and cloud distribution models (SaaS, PaaS or IaaS, for example).

Insiders

Sign Up for our Newsletter

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

article thumbnail

How to build a successful AI strategy

IBM Big Data Hub

Without an AI strategy, organizations risk missing out on the benefits AI can offer. An AI strategy helps organizations address the complex challenges associated with AI implementation and define its objectives. Define clear objectives What problems does the organization need to solve? What metrics need to be improved?

article thumbnail

Top Cloud Data Security Statistics for 2023

Laminar Security

With the mass adoption of the cloud, businesses of all sizes and industries gained access to the vast amounts of data generated by their own operations, their customers, and the market at large. That’s particularly concerning when you recognize that 89% of organizations say they host sensitive data or workloads in the cloud.

article thumbnail

Customizing Personal Lines Insurance with Location Data

Cloudera

I recently attended one of Majesco’s excellent webinars hosted by Denise Garth, Chief Strategy Officer. This data enables travel insurers to perform much more granular risk assessment, underwriting and pricing based on the specific travel behaviors and the specific risks that the insured represents. Always Mindful of Privacy.

article thumbnail

Practical advice to optimize savings with cloud migrations

CIO Business Intelligence

Host Isaac Sacolick ( @nyike ) was joined by a bevy of consultants and practitioners who had no shortage of advice on the topic. Lacking a clear strategy determined by business objectives. Also key alignment between business leaders and IT leaders is critical. You need to “identify benefits and risks,” Seiter said.

article thumbnail

Deciphering the Pros & Cons of Real-Time Data Streaming

Smart Data Collective

Responding immediately in an effective manner to eliminate risks is possible for a company when it performs real-time data analytics. Boost Business Operation Agility. Business agility doesn’t only mean making informed decisions. It consists of calculated and well-strategized business objectives. Conclusion.

IoT 110