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.

Risk Management 64

Risk Management Risk Modeling Enterprise 64

IBM Big Data Hub

DECEMBER 8, 2023

.” This same sentiment can be true when it comes to a successful risk mitigation plan. The only way for effective risk reduction is for an organization to use a step-by-step risk mitigation strategy to sort and manage risk, ensuring the organization has a business continuity plan in place for unexpected events.

Risk 72

Risk Strategy Risk Management Insurance 72

CIO Business Intelligence

AUGUST 4, 2023

In collaboration with our peers, we have a solid business sense that carefully weighs innovation and risk in order to gain valuable ROI while protecting the organization from all forms of risk associated with each project. If reversible, then there’s clearly less risk. What’s new and different today?

Risk 97

Risk Risk Management ROI Technology 97

Cloudera

OCTOBER 20, 2021

As part of these efforts, disclosure requirements will mandate that firms provide “the impact of a company’s activities on the environment and society, as well as the business and financial risks faced by a company due to its sustainability exposures.” What are the key climate risk measurements and impacts? Generate Scenarios.

Risk 80

Risk Modeling Risk Management Measurement 80

O'Reilly on Data

NOVEMBER 13, 2018

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.

Machine Learning 220

Machine Learning Risk Management Statistics 220

IBM Big Data Hub

OCTOBER 16, 2023

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 75

Risk Modeling Management Metadata 75

IBM Big Data Hub

APRIL 19, 2024

Asset management and technological innovation Advancements in technology underpin the need for holistic grid asset management, making the assets in the grid smarter and equipping the workforce with smart tools. Cybersecurity reduces risk exposure for cyberattacks on digitally connected assets.

Management 89

Management Internet of Things Risk IoT 89

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

Smart Data Collective

APRIL 19, 2021

But in most instances, the real risk comes from within. From conversing on personal devices (BYODs) to sending documents to the wrong recipient, or using unsecured applications for transfers, the risk for potential leaks is high. Around 66% of all data leaks are caused by employees making mistakes with digital records.

Risk 121

Risk Management Measurement Optimization 121

John Wheeler

NOVEMBER 25, 2020

Integrated risk management (IRM) technology is uniquely suited to address the myriad of risks arising from the current crisis and future COVID-19 recovery. Re-starting business operations will require risk visibility not only across the organization but vertically down through the organization as well. Key Findings.

Marketing 110

Marketing Risk Management Risk Digital Transformation 110

CIO Business Intelligence

JUNE 23, 2023

It helps reduce risk, increase efficiency, optimize resources, and improve both the customer and employee experience. When asked what keeps them up at night, IT leaders noted the need to improve overall IT performance (60%), followed by data security (50%), process risk and compliance (46%), and the need to improve agility (41%).

IT 98

IT Risk Management Risk Optimization 98

Smart Data Collective

MAY 4, 2023

Unfortunately, there are often many weak links in the data security infrastructure, which can increase the risks of data breaches. As data breaches continue to be a serious concern, organizations need to take stringent measures to protect against them. These steps can help reduce the risks of data breaches.

Risk Management 77

Risk Management Key Performance Indicator Measurement Risk 77

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.

Risk 52

Risk Modeling Metrics Business Objectives 52

Smart Data Collective

JULY 16, 2023

The Imperative of Risk Mitigation A crucial element in the world of financial investments is effective hedge fund management. Optimizing hedge fund performance requires the implementation of intelligent strategies, from managing risks to maximizing returns, improving investor relations, and adapting to shifting market conditions.

ROI 70

ROI Data Analytics Analytics Risk Management 70

Decision Management Solutions

APRIL 23, 2019

, in which he states there are only three levers of value in insurance: Sell More, Manage Risk Better (aka underwriting and adjusting), and Cost Less to Operate. Let’s dive into greater detail on the second lever – Manage Risk Better. Insurers can also manage risk more effectively through continuous improvement.

Insurance 69

Insurance Risk Technology Management 69

IBM Big Data Hub

MARCH 20, 2024

For highly regulated industries, these challenges take on an entirely new level of expectation as they navigate evolving regulatory landscape and manage requirements for privacy, resiliency, cybersecurity, data sovereignty and more. This includes cyber incidents, technology failures, natural disasters and more. Similarly, in the U.S.

Risk Management 78

Risk Management Risk Enterprise Business Services 78

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 129

Enterprise Risk Measurement Software 129

Smart Data Collective

MAY 15, 2019

On the other hand, big data has created a number of security risks that they need to be aware of, especially with brands leveraging Hadoop technology. Big data has created a number of security risks for Bluetooth users. Bluetooth Security Risks in the Age of Big Data. The best way to reduce the risk is to turn Bluetooth off.

Big Data 92

Big Data Risk Measurement Data mining 92

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 59

Cost-Benefit Risk Management Risk Digital Transformation 59

Laminar Security

DECEMBER 22, 2023

By using DSPM tools to pinpoint and remove ROT data, businesses can both reduce their storage needs and also streamline their operations while minimizing the risk of data breaches. Without proper management, the costs associated with storing unnecessary data can become a substantial financial burden.

Cost-Benefit 95

Cost-Benefit Risk Optimization Risk Management 95

AWS Big Data

FEBRUARY 1, 2024

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.

Data Warehouse 121

Data Warehouse Dashboards Risk Management Risk 121

CIO Business Intelligence

JUNE 21, 2022

Governance should be designed with adaptability in mind to ensure IT remains in alignment with business objectives, continually providing value while effectively safeguarding the organization against potential risks, Bales says. Poor risk planning. Insufficient operational visibility.

IT 110

IT Risk Measurement Risk Management 110

CIO Business Intelligence

JANUARY 22, 2024

Remote work began as a temporary measure during the pandemic but has long been a permanent fixture in our new way of working. trillion by 2025, as cyber risk management has not kept up with digital transformation posing serious risks to organizations’ security and revenue. Respond to threats quickly.

Digital Transformation 119

Digital Transformation Risk Cost-Benefit Risk Management 119

CIO Business Intelligence

MARCH 21, 2024

In addition to rationalizing applications and other tactics you would expect, Lovelady knew establishing influence across McWane would be essential for the IT makeover to succeed, and that in turn would require over-communicating, driving accountability, measuring success, and rewarding high performance.

IT 107

IT Manufacturing Risk Management Risk 107

IBM Big Data Hub

DECEMBER 14, 2023

To combat these ever-growing risks, the concept of cyber resiliency has gained significant importance. IBM FlashSystem® has bolstered existing tasks like error detection and immutable copies with greater functionality, including error code detection, immutability sections and centralized landscape management.

Risk 84

Risk Measurement Business Objectives Optimization 84

IBM Big Data Hub

OCTOBER 9, 2023

Unified endpoint management (UEM) and medical device risk management concepts go side-by-side to create a robust cybersecurity posture that streamlines device management and ensures the safety and reliability of medical devices used by doctors and nurses at their everyday jobs.

Risk Management 83

Risk Management Risk Management Measurement 83

DataRobot

OCTOBER 5, 2021

But the technology’s ability to unleash rapid impact with great scope and unique dimensions can also increase organizational risk. For companies implementing AI systems, that risk extends beyond revenue to the reputational damage of using an algorithm that is perceived to be discriminatory or harmful to vulnerable groups.

Risk Management 95

Risk Management Testing Risk Data Science 95

Insight

FEBRUARY 19, 2020

Using variability in machine learning predictions as a proxy for risk can help studio executives and producers decide whether or not to green light a film project Photo by Kyle Smith on Unsplash Originally posted on Toward Data Science. and even set their risk tolerance. In 2019, Netflix alone released 371 new TV shows and movies.

Risk 67

Risk ROI Modeling Metrics 67

Smart Data Collective

OCTOBER 26, 2023

AI poses a number of benefits and risks for modern businesses. A successful breach can result in loss of money, a tarnished brand, risk of legal action, and exposure to private information. Cybersecurity aims to stop malicious activities from happening by preventing unauthorized access and reducing risks.

Technology 92

Technology Risk Measurement IoT 92

erwin

MARCH 25, 2021

Usually we talk about benefits which are rather qualitative measures, but what we need for decision-making processes are values,” Pörschmann says. “We Risk Management and Regulatory Compliance. Risk management, specifically around regulatory compliance, is an important use case to demonstrate the true value of data governance.

Data Governance 109

Data Governance IT Cost-Benefit Risk 109

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

IBM Big Data Hub

MARCH 4, 2024

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.

Enterprise 104

Enterprise ROI Risk Strategy 104

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

CDW Research Hub

MAY 24, 2021

Today’s digital risk and compliance profile requires developing an information security program based on a well-structured plan that includes people, processes and technologies, and focuses on the protection of information and information assets. Develop a security risk management program.

Risk Management 52

Risk Management Risk Unstructured Data Business Objectives 52

IBM Big Data Hub

DECEMBER 13, 2023

By assessing and proactively managing risks inherent in the supply chain , organizations can shield themselves from disruptions and strengthen the resilience of their operations. This enables an effective and adaptive approach to sourcing that creates value and minimizes risk.

Strategy 70

Strategy Cost-Benefit Key Performance Indicator Consulting 70

Cloudera

MAY 24, 2022

I recently attended the CeFPro environmental, social, and corporate governance (ESG) conference in London along with a variety of risk experts and ESG leaders from large global institutions. I discussed the complex modeling considerations of physical, transition, and alignment risks in a prior post about climate risk models. .

Risk 85

Risk Measurement Modeling Risk Management 85

O'Reilly on Data

MAY 18, 2020

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. 4 But is it too broad to be useful? How Material Is the Threat?

Risk 359

Risk Modeling Data Processing Software 359