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How to build a successful risk mitigation strategy

IBM Big Data Hub

While plans will vary by necessity, here are five key steps to building a successful risk mitigation strategy: Step 1: Identify The first step in any risk mitigation plan is risk identification. Bring in stakeholders from all aspects of the business to provide input and have a project management team in place.

Risk 74
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5 signs your agile practices will lead to digital disaster

CIO Business Intelligence

The best way to address this gap is to draft a simple vision statement written by product managers and delivery leaders in collaboration with stakeholders and agile teams. The writing process builds trust, and a documented vision builds a shared understanding of priorities. Agile teams aren’t done when they deploy the code.

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Automating Model Risk Compliance: Model Monitoring

DataRobot Blog

Monitoring Model Metrics. A prerequisite in measuring a deployed model’s evolving performance is to collect both its input data and business outcomes in a deployed setting. Mathematically speaking, data drift measures the shift in the distribution of input values used to train the model.

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Data Governance Program: Ensuring a Successful Delivery

Alation

Constellation Analyst Dion Hinchcliffe suggests that functions should be loosely integrated into the following streams: Governance, risk, compliance. Enterprise risk management. Data management. Risk, however, is a different challenge. While risk may be defined, it might not be well addressed.

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Improving ESG performance in financial services on Microsoft Cloud

CIO Business Intelligence

However, there are many other challenges as well, including regulatory requirements, human capital, stakeholder engagement, alignment of materiality and performance, and the need to embed ESG into an existing ERM (Enterprise Risk Management) framework. “The

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BI Data Lineage Solutions: Your Trusted Guide For Success

Octopai

It required banks to develop a data architecture that could support risk-management tools. Not only did the banks need to implement these risk-measurement systems (which depend on metrics arriving from distinct data dictionary tools), they also needed to produce reports documenting their use.

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Why you should care about debugging machine learning models

O'Reilly on Data

In addition to newer innovations, the practice borrows from model risk management, traditional model diagnostics, and software testing. The study of security in ML is a growing field—and a growing problem, as we documented in a recent Future of Privacy Forum report. [8]. That’s where model debugging comes in. Residual analysis.