Remove Document Remove Modeling Remove Predictive Modeling Remove Testing
article thumbnail

Why you should care about debugging machine learning models

O'Reilly on Data

Not least is the broadening realization that ML models can fail. And that’s why model debugging, the art and science of understanding and fixing problems in ML models, is so critical to the future of ML. Because all ML models make mistakes, everyone who cares about ML should also care about model debugging. [1]

article thumbnail

What is Model Risk and Why Does it Matter?

DataRobot Blog

With the big data revolution of recent years, predictive models are being rapidly integrated into more and more business processes. When business decisions are made based on bad models, the consequences can be severe. As machine learning advances globally, we can only expect the focus on model risk to continue to increase.

Risk 111
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

What to Do When AI Fails

O'Reilly on Data

This article answers these questions, based on our combined experience as both a lawyer and a data scientist responding to cybersecurity incidents, crafting legal frameworks to manage the risks of AI, and building sophisticated interpretable models to mitigate risk. All predictive models are wrong at times?—just

Risk 359
article thumbnail

How to Leverage Machine Learning for AML Compliance

BizAcuity

In this case, once a customer’s documents are scanned and uploaded, the necessary data is extracted from the key documents and then converted to machine-readable form. OCR is widely used to digitize all kinds of physical documentation. Building a predictive model is a continuous process and commitment.

article thumbnail

How to Leverage Machine Learning for AML Compliance

BizAcuity

In this case, once a customer’s documents are scanned and uploaded, the necessary data is extracted from the key documents and then converted to machine-readable form. OCR is widely used to digitize all kinds of physical documentation. Predictive Analytics. Predictive modeling for flagging suspicious activity.

article thumbnail

11 most in-demand gen AI jobs companies are hiring for

CIO Business Intelligence

Responsibilities include building predictive modeling solutions that address both client and business needs, implementing analytical models alongside other relevant teams, and helping the organization make the transition from traditional software to AI infused software.

article thumbnail

How Big Data Impacts The Finance And Banking Industries

Smart Data Collective

Financial institutions such as banks have to adhere to such a practice, especially when laying the foundation for back-test trading strategies. Some prominent banking institutions have gone the extra mile and introduced software to analyze every document while recording any crucial information that these documents may carry.

Big Data 142