article thumbnail

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?

article thumbnail

Taking a Multi-Tiered Approach to Model Risk Management and Risk

DataRobot Blog

Just as you wouldn’t set off on a journey without checking the roads, knowing your route, and preparing for possible delays or mishaps, you need a model risk management plan in place for your machine learning projects. A well-designed model combined with proper AI governance can help minimize unintended outcomes like AI bias.

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

How A Data Catalog Enhances Data Risk Management

Alation

Alation joined with Ortecha , a data management consultancy, to publish a white paper providing insights and guidance to stakeholders and decision-makers charged with implementing or modernising data risk management functions. The Increasing Focus On Data Risk Management. Download the complete white paper now.

article thumbnail

How to become an AI+ enterprise

IBM Big Data Hub

While many organizations have implemented AI, the need to keep a competitive edge and foster business growth demands new approaches: simultaneously evolving AI strategies, showcasing their value, enhancing risk postures and adopting new engineering capabilities. This requires a holistic enterprise transformation. times higher ROI.

article thumbnail

Successful Change Management with Enterprise Risk Management

Speaker: William Hord, Vice President of ERM Services

When an organization uses this information aggregately and combines it into a well-defined change management process, your ability to proactively manage change increases your overall effectiveness. In this webinar, you will learn how to: Outline popular change management models and processes. Determine impact tangents.

article thumbnail

Ways in Which AI can Improve Enterprise Risk Management

bridgei2i

In dynamic markets, enterprises need to keep looking for ways to gain an edge over competitors to retain their position and stride forward to the top place. Product and service diversification, customer service, and automation seem to be ways in which enterprises are trying to achieve their targets. Risk Management Model.

article thumbnail

PODCAST: COVID19 | Redefining Digital Enterprises – Episode 7: The Impact of COVID-19 on Financial Services & Risk Management

bridgei2i

PODCAST: COVID 19 | Redefining Digital Enterprises. Episode 7: The Impact of COVID-19 on Financial Services & Risk. Management. The Impact of COVID-19 on Financial Services & Risk Management. As past data isn’t relevant anymore, current models aren’t going to work. Subscribe Now.