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What Is Model Risk Management and How is it Supported by Enterprise MLOps?

Domino Data Lab

Model Risk Management is about reducing bad consequences of decisions caused by trusting incorrect or misused model outputs. An enterprise starts by using a framework to formalize its processes and procedures, which gets increasingly difficult as data science programs grow. What Is Model Risk? Types of Model Risk.

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Retail Metrics that Not Enough Data-Driven Entrepreneurs Track

Smart Data Collective

Retailers around the world are discovering that big data can be incredibly valuable to their bottom lines. A growing number of businesses are starting to look for new data-driven approaches to streamline their business models. Targeting the Right Variables for Your Data-Driven Retail Business Model.

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Data Analytics Helps Hedge Funds Improve Customer ROIs

Smart Data Collective

Big data is the most important business trend of the 21st century. The usage, volume, and types of data have increased significantly. In fact, big data keeps gaining momentum. We mentioned that data analytics is vital to marketing , but it is affecting many other industries as well.

ROI 69
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Discovering Data Monetization Opportunities in Financial Services

Cloudera

Data has become an essential driver for new monetization initiatives in the financial services industry. With the emergence of new technologies, including privacy enhancing techniques (PETs) that further protect the customer, monetizing data has become more accessible than ever before.

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7 IT governance mistakes — and how to avoid them

CIO Business Intelligence

“Your governance structure should be dynamic and [designed to] identify triggers that may evoke a revision, and its effectiveness should be constantly measured so that it remains relevant.”. Poor risk planning. CIOs frequently launch strategic initiatives without fully considering all the risks involved.

IT 116
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AI Technology is Invaluable for Cybersecurity

Smart Data Collective

Cybersecurity is the practice of taking precautions to protect data privacy, security, and reliability from being compromised online. Specialists in cybersecurity help in taking appropriate precautions to secure sensitive data and individual privacy in the modern digital environment. What do cybersecurity specialists do?

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Best BI Tools Examples for 2024: Business Intelligence Software

FineReport

Evolving BI Tools in 2024 Significance of Business Intelligence In 2024, the role of business intelligence software tools is more crucial than ever, with businesses increasingly relying on data analysis for informed decision-making.