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Automating Model Risk Compliance: Model Validation

DataRobot Blog

Last time , we discussed the steps that a modeler must pay attention to when building out ML models to be utilized within the financial institution. In summary, to ensure that they have built a robust model, modelers must make certain that they have designed the model in a way that is backed by research and industry-adopted practices.

Risk 52
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What is GRC? The rising importance of governance, risk, and compliance

CIO Business Intelligence

The need to manage risk, adhere to regulations, and establish processes to govern those tasks has been part of running an organization as long as there have been businesses to run. Furthermore, the State of Risk & Compliance Report, from GRC software maker NAVEX, found that 20% described their programs as early stage.

Risk 112
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How managed device services enable the inclusion of sustainability principles into IT

CIO Business Intelligence

Organizations that have made progress on environmental objectives to include circular economy principles have also made progress on broader business objectives of better asset management strategies and reduced procurement cycles.

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

Smarten

Predictive analytics is the process of forecasting or predicting business results for planning purposes. Can Predictive Analytics Help You Achieve Business Objectives? Original Post: What is Predictive Analytics and Can it Help You Achieve Business Objectives?

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4 ways AI will change the ITOps landscape in 2024

CIO Business Intelligence

GenAI has the potential to transform digital operations, even as it introduces possible new risks and ethical quandaries. Those prepared to embrace the change with a robust plan for managing the risks will be best placed to take advantage. Large language models (LLMs) are only as good as the data they leverage.

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Generative AI won’t automate your way to business model innovation

CIO Business Intelligence

Align with business goals: Clearly articulate how IT initiatives can directly support the broader business objectives of the company and help gain competitive advantages. Create a joint business + IT roadmap: Develop a clear roadmap in sync with the company’s strategic objectives, focused on business impact.

Modeling 104
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Business Strategies for Deploying Disruptive Tech: Generative AI and ChatGPT

Rocket-Powered Data Science

While generative AI has been around for several years , the arrival of ChatGPT (a conversational AI tool for all business occasions, built and trained from large language models) has been like a brilliant torch brought into a dark room, illuminating many previously unseen opportunities.

Strategy 290