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Managing risk in machine learning

O'Reilly on Data

Fortunately, a recent survey paper from Stanford— A Critical Review of Fair Machine Learning —simplifies these criteria and groups them into the following types of measures: Anti-classification means the omission of protected attributes and their proxies from the model or classifier. Continue reading Managing risk in machine learning.

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How to use foundation models and trusted governance to manage AI workflow risk

IBM Big Data Hub

As more businesses use AI systems and the technology continues to mature and change, improper use could expose a company to significant financial, operational, regulatory and reputational risks. It encompasses risk management and regulatory compliance and guides how AI is managed within an organization.

Risk 79
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Automating Model Risk Compliance: Model Validation

DataRobot Blog

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.

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Combine transactional, streaming, and third-party data on Amazon Redshift for financial services

AWS Big Data

Amazon Redshift features like streaming ingestion, Amazon Aurora zero-ETL integration , and data sharing with AWS Data Exchange enable near-real-time processing for trade reporting, risk management, and trade optimization. Apart from generating regulatory reports, these teams require visibility into the health of the reporting systems.

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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. Otherwise, the risks become too significant.

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AI in commerce: Essential use cases for B2B and B2C

IBM Big Data Hub

To take one example, AI-facilitated tools like voice navigation promise to upend the way users fundamentally interact with a system. But as businesses around the globe rapidly adopt the technology to augment processes from merchandising to order management, there is some risk. But none of these use cases exist in a vacuum.

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How AI and IoT Solutions Can Improve Your Business

Smart Data Collective

Moreover, with the help of an AI development company , businesses can avoid unforeseen downtime, increase operational productivity, develop new services and products, and boost risk control. The following elucidates the same: l Improved Protective Measures. l Improved Risk Management. Benefits of AI and IoT in Businesses.

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