Jet Global
NOVEMBER 18, 2021
This applies to collaborative planning, budgeting, and forecasting, which, without the right tools, can be daunting on its best day. What holds us back from working smarter is the risk of integrating better tools that, although the tool is seemingly an improvement, runs the risk of throwing off your whole process.
Jet Global
JANUARY 19, 2024
Without automated document management, you may find yourself falling victim to: Increased Risk of Errors : Manual handling of documents and data increases the risk of errors. Increased Security Risks : Document management features often include security measures to protect sensitive information.
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Jet Global
SEPTEMBER 1, 2023
But we’re also seeing its use expand in other industries, like Financial Services applications for credit risk assessment or Human Resources applications to identify employee trends. Analysts can use predictive analytics to foresee if a change will help them reduce risks, improve operations, and/or increase revenue.
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.
Jet Global
JUNE 17, 2021
Although the workbooks were standardized, data entered were not always complete or in line with numbers forecast earlier in the year. They also proactively performed a year-end forecast and measured it against the subsequent year-end to ensure they gained confidence in the process for mid-year analysis and potential adjustments.
DataRobot Blog
MAY 26, 2022
To start with, SR 11-7 lays out the criticality of model validation in an effective model risk management practice: Model validation is the set of processes and activities intended to verify that models are performing as expected, in line with their design objectives and business uses.
Jet Global
JANUARY 31, 2022
In most companies, planning, budgeting, and forecasting processes are fairly well-established, but just because you’ve always done things a certain way doesn’t mean you can’t improve them. Monitor, Forecast, and Adjust. The idea of changing your approach to planning, budgeting, and forecasting may seem daunting.
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