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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
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Bringing an AI Product to Market

O'Reilly on Data

The first step in building an AI solution is identifying the problem you want to solve, which includes defining the metrics that will demonstrate whether you’ve succeeded. It sounds simplistic to state that AI product managers should develop and ship products that improve metrics the business cares about. Agreeing on metrics.

Marketing 362
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How to build a successful procurement strategy

IBM Big Data Hub

By assessing and proactively managing risks inherent in the supply chain , organizations can shield themselves from disruptions and strengthen the resilience of their operations. This enables an effective and adaptive approach to sourcing that creates value and minimizes risk.

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7 IT governance mistakes — and how to avoid them

CIO Business Intelligence

Governance should be designed with adaptability in mind to ensure IT remains in alignment with business objectives, continually providing value while effectively safeguarding the organization against potential risks, Bales says. Poor risk planning. Insufficient operational visibility.

IT 116
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10 hard truths of change management

CIO Business Intelligence

and ‘What is the risk of not changing?’”. While CIOs and business leaders have often had time to understand the rationale and wisdom of an initiative and what it will mean for them personally, others will also need some space to understand the impact. Clarity in measuring promise-and-delivery gaps is key,” he says.

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5 signs your agile practices will lead to digital disaster

CIO Business Intelligence

Business leaders get scared and say, ‘Tell me the plan so I can sleep at night,’” said Ronica Roth, co-founder and principal of The Welcome Elephant. He recommends that leaders identify a metric that focuses on value to the customer. They are afraid of failure and the uncertainty of knowledge work, and so that’s stressful.

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10 digital transformation roadblocks — and 5 tips for overcoming them

CIO Business Intelligence

Failure to align technology capabilities with business goals can result in a wasted investment in technology that doesn’t support business objectives. IT leaders help facilitate a shift in organizational mindset toward a willingness to take risks and learn from failures.