DataRobot Blog

JUNE 27, 2022

If the assumptions are being breached due to fundamental changes in the process being modeled, the deployed system is not likely to serve its intended purpose, thereby creating further model risk that the institution must manage. These observations would have spanned a distribution, which the model leveraged to make its forecasts.

Risk 59

Risk Modeling Metrics Measurement 59

O'Reilly on Data

MAY 18, 2020

To date, at least 1,200 reports of AI incidents have been recorded in various public and research databases. 1 And, of course, the risks of model decay are exacerbated in times of rapid change. Taken together, AI is a high-risk technology, perhaps akin today to commercial aviation or nuclear power. How Material Is the Threat?

Risk 359

Risk Modeling Data Processing Software 359

IBM Big Data Hub

FEBRUARY 7, 2024

Advanced technologies, more stringent reporting standards and stronger support from stakeholders are building momentum for eco-friendly initiatives and the incentives that encourage them. Sustainability reporting: Accountability on the record This may be the biggest year yet in sustainability reporting.

Reporting 99

Reporting Cost-Benefit Internet of Things Data-driven 99

Jet Global

JUNE 23, 2020

Reporting has always been necessary, but now it’s paramount. Acting without this information in the most comprehensive and current form possible exposes the accounting department (and by extension the company as a whole) to the risk of preventable mistakes and misunderstandings at a moment that demands perfection.

Reporting 98

Reporting Uncertainty Metrics Measurement 98

CIO Business Intelligence

APRIL 8, 2024

Working with partner Amazon Web Services (AWS), the NFL has developed Digital Athlete, a platform that uses computer vision and ML to predict which players are at the highest risk of injury based on plays and their body positions. million video frames and documents about 100 million locations and positions of players on the field.

Analytics 113

Analytics Broadcasting Predictive Analytics Metrics 113

CIO Business Intelligence

AUGUST 30, 2023

In my previous column in May, when I wrote about generative AI uses and the cybersecurity risks they could pose , CISOs noted that their organizations hadn’t deployed many (if any) generative AI-based solutions at scale. Today, it is, as they create a mysterious new risk and attack surface to defend against.

Enterprise 130

Enterprise Risk Measurement Software 130

IBM Big Data Hub

APRIL 24, 2024

Mitigating privacy risks: The app limits data access to trusted employees who need it for their roles, and employees can access data only when they have a legitimate reason to. The Personal Information Protection and Electronic Documents Act (PIPEDA) Canada’s PIPEDA governs how private-sector businesses collect and use consumer data.

Risk 83

Risk Measurement Data Governance Insurance 83

IBM Big Data Hub

JANUARY 22, 2024

An organization must establish and document its legal basis before collecting any data. According to the GDPR principle of purpose limitation, controllers must have an identified and documented purpose for collecting data. ” The organization documents all data processing activities.

Measurement 89

Measurement Risk Data Processing Data Collection 89

CIO Business Intelligence

OCTOBER 2, 2023

Nearly three-quarters of midsize and large companies report having a PMO, according to the 2022 State of the Project Management Office report from PM Solutions, a project management services firm. One key responsibility is to create the processes, tools, techniques, and policies that will be used to run projects within an organization.

Management 120

Management Scorecard Key Performance Indicator Risk 120

erwin

MARCH 12, 2020

The report notes six primary EA competencies in which we excel in the large vendor category: modeling, strategy translation, risk management, financial management, insights and change management. Use EA Performance Measures to Validate Enterprise Architecture Management Suite Value. Why erwin for Enterprise Architecture?

Enterprise 85

Enterprise Reporting Management ROI 85

Domino Data Lab

AUGUST 6, 2021

Model Risk Management is about reducing bad consequences of decisions caused by trusting incorrect or misused model outputs. Systematically enabling model development and production deployment at scale entails use of an Enterprise MLOps platform, which addresses the full lifecycle including Model Risk Management. What Is Model Risk?

Risk Management 64

Risk Management Risk Modeling Enterprise 64

datapine

SEPTEMBER 29, 2022

5) How Do You Measure Data Quality? In this article, we will detail everything which is at stake when we talk about DQM: why it is essential, how to measure data quality, the pillars of good quality management, and some data quality control techniques. 4 – Data Reporting. Table of Contents. 1) What Is Data Quality Management?

Data Quality 241

Data Quality Metrics Data-driven Management 241

FineReport

MAY 27, 2022

The fluent operation of a company cannot be achieved without frequent financial reports. Through financial reporting, people will obtain an overview of the company’s financial status and predict future financial development. Therefore, it is necessary to access the basic information about a financial report first.

Reporting 52

Reporting Dashboards KPI Metrics 52

Smart Data Collective

MAY 17, 2023

According to the Identity Theft Resource Center’s 2022 Data Breach Report, the number of data breaches decreased slightly in 2022 from the number reported in 2021. Reports were significantly lower in the first half of 2022, possibly due to the war in Ukraine and volatile cryptocurrency prices.

Risk 86

Risk Measurement Software Management 86

bridgei2i

APRIL 23, 2020

The banking sector globally is definitely going to see impact, some more grave than the others and most of them are announcing short to mid term measure both from a customer and business risk mitigation standpoint. Europe is in worse shape than America, with banks in UK, Italy and Germany in the risk of being in red.

Risk 52

Risk Management Scorecard Forecasting 52

CIO Business Intelligence

OCTOBER 18, 2023

But if there are any stop signs ahead regarding risks and regulations around generative AI, most enterprise CIOs are blowing past them, with plans to deploy an abundance of gen AI applications within the next two years if not already. A recent survey of nearly 1,000 IT decision-makers conducted by Foundry underscores this.

Risk 141

Risk Manufacturing Enterprise Technology 141

IBM Big Data Hub

APRIL 4, 2024

Lots of innovation is happening, with new technologies emerging in areas such as data and AI, payments, cybersecurity and risk management, to name a few. A third-party risk management review, where the ISV needs to describe how it is complying to required controls. Most of these new technologies are born-in-cloud.

Cost-Benefit 61

Cost-Benefit Risk Management Risk Digital Transformation 61

CIO Business Intelligence

JUNE 8, 2023

This demand for skilled IT workers is reflected in the rising average salaries of certain job titles as companies compete for top talent, according to data from the 2023 Dice Tech Salary Report. Key skills for the role include resource allocation, risk and change management, quality assurance, communication, and leadership and team building.

IT 139

IT Digital Transformation Software Risk 139

Smart Data Collective

SEPTEMBER 30, 2021

The failure to report a breach quickly adds up to downtime and revenue loss. Sometimes the most advanced security measure you can take is to cover the basics. In both cases, keeping the systems updated and backing up sensitive data can help you mitigate the risks. . This has opened up employees to new security threats.

Measurement 126

Measurement Risk Software IT 126

Alation

AUGUST 17, 2022

The Risks of Early Data Governance Programs. The biggest risk was a lack of ownership. And while IT should never be the data owner for business data, research from Digital Trailblazer author and former CIO Isaac Sacolick shows that 40 percent of business leaders “just want IT to fix the data and deliver reports.”

Data Governance 92

Data Governance Risk Data-driven Measurement 92

IBM Big Data Hub

FEBRUARY 23, 2024

Organizations must document the legal basis for every processing operation before beginning. Create a recordkeeping system Organizations with more than 250 employees, and companies of any size that regularly process data or handle high-risk data, must keep written electronic records of their processing activities.

Measurement 83

Measurement Risk Data Collection Data Processing 83

CIO Business Intelligence

JULY 6, 2023

From 1 January 2024, the provisions relating to supplier risk management will also apply to companies with more than 1,000 employees. Through an extensive risk analysis , the business partner portfolio is gradually stratified and high-risk business partners are identified for full SCDDA compliance.

Cost-Benefit 95

Cost-Benefit Risk Digital Transformation Risk Management 95

Smart Data Collective

DECEMBER 21, 2020

One report found that big data vendors will generate over $2.4 Insurers are already using AI to select rates for customers and measure the risk they may pose, but how will it directly be of use in claims processing? Capturing data from documents. billion from the insurance industry. More accurate policy pricing.

Insurance 132

Insurance Cost-Benefit Big Data Unstructured Data 132

Alation

SEPTEMBER 7, 2021

In this blog we will discuss how Alation helps minimize risk with active data governance. Governance influences how an organization’s objectives are set and achieved, how risk is monitored and addressed, and how performance is optimized. Organizations that run afoul of such laws risk damaging their reputation. In Summary.

Data Governance 59

Data Governance Risk Data Quality Dashboards 59

CIO Business Intelligence

OCTOBER 20, 2023

Nearly 40% of the company’s business processes have now been digitized, and filing claim time — a key measure of customer satisfaction — has been reduced from four minutes to 43 seconds, according to the company. informally dubbed MyStory, which vastly reduces the time for customers to report a claim after an accident or incident.

Digital Transformation 135

Digital Transformation Insurance Recreation/Entertainment Machine Learning 135

BizAcuity

APRIL 1, 2023

Anti-Money Laundering (AML) is increasingly becoming a crucial branch of risk management and fraud prevention. AML regulations and procedures help organizations identify, monitor, and report suspicious transactions and provide an additional layer of protection against financial crime.

Machine Learning 52

Machine Learning Predictive Analytics Predictive Modeling Risk 52

John Wheeler

OCTOBER 20, 2020

We continue our “20 for 20” theme this year by highlighting the integrated risk management (IRM) critical capabilities and top 20 software functions / features. These five capabilities support both integrated view of strategic, operational and technology risk as well as the related business outcomes, processes and assets.

Risk Management 52

Risk Management Risk Predictive Modeling Insurance 52

CIO Business Intelligence

APRIL 21, 2022

You might have heard that if you can’t measure you can’t manage. This is followed by Lewis’s 2nd Law of Metrics: You get what you measure – that’s the risk you take. Anything you don’t measure, you don’t get. Calibrated: No matter who measures what you’re measuring, they must record the same result.

Metrics 103

Metrics IT Cost-Benefit Measurement 103

CIO Business Intelligence

NOVEMBER 23, 2022

The rush to partner with startups can result in relationships that are not aligned to both parties’ interests, leading to significant business-technology risks for a CIO. In the absence of a multistage due diligence process, an enterprise could face third-party risks. It worked hard and delivered the project.”

Risk 124

Risk Consulting Enterprise Technology 124

CIO Business Intelligence

MARCH 24, 2023

The Business Application Research Center (BARC) warns that data governance is a highly complex, ongoing program, not a “big bang initiative,” and it runs the risk of participants losing trust and interest over time. They must be accompanied by documentation to support compliance-based and operational auditing requirements.

Data Governance 142

Data Governance Management Metadata Data Quality 142

erwin

JUNE 26, 2020

Data catalogs combine physical system catalogs, critical data elements, and key performance measures with clearly defined product and sales goals in certain circumstances. You also can manage the effectiveness of your business and ensure you understand what critical systems are for business continuity and measuring corporate performance.

Metadata 132

Metadata Cost-Benefit Measurement Data-driven 132

BizAcuity

JANUARY 18, 2023

Anti-Money Laundering (AML) is increasingly becoming a crucial branch of risk management and fraud prevention. AML regulations and procedures help organizations identify, monitor, and report suspicious transactions and provide an additional layer of protection against financial crime. Predictive Analytics.

Machine Learning 52

Machine Learning Predictive Analytics Predictive Modeling Risk 52

Alation

FEBRUARY 14, 2023

And a data breach poses more than just a PR risk — by violating regulations like GDPR , a data leak can impact your bottom line, too. The role of monitoring, measuring, and metrics So, you’ve got the first step done; you’ve implemented data governance and everyone in your organization is on board. This is where monitoring comes in.

Data Governance 52

Data Governance ROI Metrics Cost-Benefit 52

IBM Big Data Hub

AUGUST 18, 2023

The Digital Operational Resilience Act , or DORA, is a European Union (EU) regulation that created a binding, comprehensive information and communication technology (ICT) risk-management framework for the EU financial sector. Entities will also be expected to put appropriate cybersecurity protection measures in place. In the U.S.,

Cost-Benefit 81

Cost-Benefit Testing Strategy Risk Management 81

CDW Research Hub

APRIL 29, 2022

In any environment, poorly designed processes have the potential to create bottlenecks and, if left unchecked, can increase risk and impact the quality of service delivery. To plan migration while mitigating risk. Enable real-time measurement and reporting , providing rapid visibility into issues based on real data.

IT 92

IT Measurement Risk Modeling 92

O'Reilly on Data

JULY 28, 2020

Many companies face a problem that’s even worse: no one knows which levers contribute to the metrics that impact business outcomes, or which metrics are important to the company (such as those reported to Wall Street by publicly-traded companies). When a measure becomes a target, it ceases to be a good measure ( Goodhart’s Law ).

Marketing 362

Marketing Experimentation Metrics Testing 362

CDW Research Hub

FEBRUARY 14, 2020

Let’s take a closer look at the options, tools and documentation involved with choosing a CSP. As a prerequisite, your organization must already have governance and risk management teams, which will define the company policies and set compliance standards from which you can establish procedures. NIST, HIPAA, FIPS and ENISA).

Risk 52

Risk Reporting Measurement Insurance 52