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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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What is Predictive Analytics and Can it Help You Achieve Business Objectives?

Smarten

Predictive analytics employs various analytical and modeling techniques, leveraging historical data and business results to identify crucial relationships, opportunities and risks so that business managers can more accurately predict growth, and competitive and market changes and identify trends and patterns.

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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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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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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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What is a project management office (PMO)? The key to standardizing project success

CIO Business Intelligence

Furthermore, the PMO serves as a centralized deposit of project-related information, such as status reports, identified risks and project interdependencies. PMOs will often be headed up by a director who is responsible for ensuring project alignment with business objectives.