DataRobot Blog

MAY 26, 2022

Last time , we discussed the steps that a modeler must pay attention to when building out ML models to be utilized within the financial institution. In summary, to ensure that they have built a robust model, modelers must make certain that they have designed the model in a way that is backed by research and industry-adopted practices.

Risk 52

Risk Modeling Metrics Business Objectives 52

Cloudera

OCTOBER 20, 2021

Since then, a further update has been made to the BIS stress testing principles that continues to emphasize the importance of scenarios in better understanding risk. . When it comes to measuring climate risk, generating scenarios will be a critical tactic for financial institutions and asset managers. agent-based model (ABM) ?in

Risk 82

Risk Modeling Risk Management Measurement 82

IBM Big Data Hub

APRIL 19, 2024

Mobile-connected technicians experience improved safety through measures such as access control, gas detection, warning messages or fall recognition, which reduces risk exposure and enhances operational risk management (ORM) during work execution. Risk-based asset strategies align maintenance efforts to balance costs and risks.

Management 94

Management Internet of Things Risk IoT 94

CIO Business Intelligence

NOVEMBER 21, 2023

After all, 41% of employees acquire, modify, or create technology outside of IT’s visibility , and 52% of respondents to EY’s Global Third-Party Risk Management Survey had an outage — and 38% reported a data breach — caused by third parties over the past two years.

IT 137

IT Risk Cost-Benefit Risk Management 137

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. Consider the following: Do you need a public foundation model?

Enterprise 108

Enterprise ROI Risk Strategy 108

Smart Data Collective

SEPTEMBER 17, 2020

Financial institutions such as banks have to adhere to such a practice, especially when laying the foundation for back-test trading strategies. There is significant competition in the industry, and emerging tactics and strategies must be accepted to survive the market competition. The Role of Big Data. Perks Associated with Big Data.

Big Data 142

Big Data Finance Risk Management Risk 142

CIO Business Intelligence

MARCH 18, 2024

When it comes to AI, Nafde sees risks in the vendors selected, the business-worthiness of the use case, and the cost of the initiative. The CIO has strategies in place to address all three. We are proceeding cautiously because the rise of LLMs [large language models] presents a new level of data security risk,” he says. “We

Risk 132

Risk Cost-Benefit Data Processing Testing 132

IBM Big Data Hub

DECEMBER 15, 2023

There are various examples of sustainable business practices that companies can adopt to improve their business model. One common corporate sustainability strategy is known as the triple bottom line. Sustainable businesses keep track of these metrics to be more proactive with their sustainability efforts.

Consulting 74

Consulting Manufacturing Strategy Risk Management 74

CIO Business Intelligence

SEPTEMBER 20, 2023

Agile is an amazing risk management tool for managing uncertainty, but that’s not always obvious.” The key is recognizing that planning must be an agile discipline, not a standalone activity performed independently of agile teams. He recommends that leaders identify a metric that focuses on value to the customer.

Digital Transformation 133

Digital Transformation Uncertainty Metrics Business Objectives 133

FineReport

APRIL 9, 2024

From advanced analytics to predictive modeling, the evolving landscape of business intelligence is revolutionizing how data is processed and leveraged for actionable insights. Additionally, BI tools enable organizations to adopt a data-driven approach to strategy formulation, leading to more informed decision-making at all levels.

Business Intelligence 52

Business Intelligence Software Data-driven Predictive Modeling 52

CIO Business Intelligence

APRIL 11, 2022

From front office to back office, the CIO needs to operationalize strategy and be a change agent , driving new skills and talent into the business. The key to success, Scheefer believes, is to become the C-suite’s vehicle for driving business strategy and transformation at pace and scale. Sharpen your strategy.

Cost-Benefit 119

Cost-Benefit Digital Transformation Strategy Consulting 119

Smart Data Collective

JUNE 3, 2021

By looking at the features, we can see the benefits that strategic financial management can bring, but let’s talk about why it is essential. The corporate finance institution best explains it as, “The purpose of strategic financial management is to identify the possible strategies capable of maximizing the organization’s market value.”.

Management 91

Management Finance Analytics Analytics Technologies 91

Jet Global

MAY 11, 2021

May 11, 2021 – In the early days of the pandemic, cash flow management took center stage for many businesses and risk management continues to be a priority this year as business leaders depend more than ever on finance teams for decision-making support. RALEIGH, N.C. –

Finance 98

Finance Technology Forecasting Uncertainty 98

CIO Business Intelligence

MARCH 9, 2023

Pricing models and metrics can also be complex, making it difficult to understand when additional costs might kick in, Alexander says. Do your homework “Consider benchmarks, market norms, and strategy before entering the room for a negotiation,” advises Amy Fong, partner in the sourcing and vendor management group at Everest Group.

Cost-Benefit 114

Cost-Benefit Risk Uncertainty Technology 114

IBM Big Data Hub

AUGUST 28, 2023

With nearly 5 billion users worldwide—more than 60% of the global population —social media platforms have become a vast source of data that businesses can leverage for improved customer satisfaction, better marketing strategies and faster overall business growth.

Data mining 59

Data mining Machine Learning Deep Learning Marketing 59

IBM Big Data Hub

JUNE 29, 2023

By having real-time data at their fingertips, decision-makers can adjust their strategies, allocate resources accordingly, and capitalize on the unexpected spike in demand, ensuring customer satisfaction while maximizing revenue. These tools provide comprehensive insights into key metrics and help identify trends, patterns, and opportunities.

Key Performance Indicator 84

Key Performance Indicator Forecasting Data Integration Sales 84

Cloudera

AUGUST 25, 2020

One of the key takeaways from recent times that should be considered into the future, is that banks need to rethink how they look at tail risk or extreme events that rarely happen. . Machine Learning and AI provide powerful predictive engines that rely on historical data to fit the models.

Prescriptive Analytics 72

Prescriptive Analytics Technology Machine Learning Risk 72

Alation

AUGUST 17, 2022

So, data culture and governance need a strong leader, charter, operating model, and budget (which is many times the hardest part). Focus on market and customer needs and define safe/compliant operating models. Enterprise risk management. Data management. Security is only one part of data governance.

Data Governance 92

Data Governance Risk Data-driven Measurement 92

CIO Business Intelligence

APRIL 13, 2023

Gartner projects that spending on information security and risk management products and services will grow 11.3% To better focus security spend, some chief information security officers (CISOs) are shifting their risk assessments from IT systems to the data, applications, and processes that keep the business going.

IT 111

IT Cost-Benefit Risk Consulting 111

AWS Big Data

APRIL 12, 2023

As the Security Awareness department in particular began developing product strategies to deliver data-driven insights to customers, we were clear on using existing analytics services to rapidly build customer-facing analytics solutions. We considered other options, but they couldn’t support the licensing model that fit our needs.

Dashboards 62

Dashboards Risk Data-driven Visualization 62

CIO Business Intelligence

MARCH 13, 2024

AI models are able to present best practice code systems to help junior developers learn and hone their skills.” At Gallagher, a global insurance brokerage, risk management, and consulting services firm, executive search practice managing director Tom Wilson says his team uses gen AI for research and written communications.

IT 128

IT Consulting Testing Cost-Benefit 128

datapine

MARCH 31, 2022

This all-encompassing branch of online data analysis is a particularly interesting field because its roots are firmly planted in two separate areas: business strategy and computer science. Problem-solving : BI isn’t just about analyzing data; it’s also about creating business strategies and solving real-world business problems with that data.

Business Intelligence 239

Business Intelligence Statistics Visualization Data-driven 239

Domino Data Lab

AUGUST 10, 2021

Models are the central output of data science, and they have tremendous power to transform companies, industries, and society. At the center of every machine learning or artificial intelligence application is the ML/AI model that is built with data, algorithms and code. The process of creating models is called modeling.

Modeling 64

Modeling IT Risk Management Deep Learning 64

DataRobot Blog

JULY 21, 2022

Data scientists need to understand the business problem and the project scope to assess feasibility, set expectations, define metrics, and design project blueprints. Outline clear metrics to measure success. Document assumptions and risks to develop a risk management strategy. Define project scope.

Machine Learning 98

Machine Learning Metrics Modeling Testing 98

CIO Business Intelligence

JUNE 8, 2023

Building new business aligned cost models, setting up disaster recovery and BCP platforms, allowing remote-working, rearchitecting the enterprise network from the ground up, and migrating to cloud should be some of the prime focus areas for CIOs as they set about their operations in the new-era.”

Strategy 91

Strategy Data-driven Interactive Digital Transformation 91

IBM Big Data Hub

APRIL 4, 2024

Business process management examples BPM can help improve overall business operations by optimizing various business processes. Here are some BPM examples that outline the use cases and benefits of BPM methodology: Business strategy BPM serves as a strategic tool for aligning business processes with organizational goals and objectives.

Management 61

Management Cost-Benefit Metrics Consulting 61

CIO Business Intelligence

MARCH 5, 2024

CIOs must also partner with CISOs, legal, human resources, and business leaders to build awareness of policies and develop a generative AI risk management strategy. As copilot technology capabilities are changing rapidly, leaders should frequently identify metrics and evaluate strategies.

Cost-Benefit 123

Cost-Benefit Advertising Experimentation Software 123

IBM Big Data Hub

APRIL 3, 2024

These new rules join existing regulations in both the US and around the world requiring companies to make climate-related disclosures and provide other ESG-related metrics. The original proposed rules, issued in March 2022, aimed to ensure consistency in how publicly traded companies provided climate-related information to investors.

Risk 57

Risk Gap analysis Reporting Risk Management 57

IBM Big Data Hub

JULY 28, 2023

In response, enterprises have made vulnerability management a key component of their cyber risk management strategies. The vulnerability management lifecycle offers a formal model for effective vulnerability management programs in an ever-changing cyberthreat landscape.

Management 70

Management Metrics Risk Measurement 70

IBM Big Data Hub

FEBRUARY 15, 2024

It refers to a set of metrics used to measure an organization’s environmental and social impact and has become increasingly important as it relates to a company’s business model, risk management strategy , reporting requirements and more. Consider investor expectations around net-zero targets.

Reporting 85

Reporting Consulting Risk Metrics 85

DataRobot Blog

DECEMBER 20, 2022

Yet, in the digital transformation era, the pricing and assessment of real estate assets is more difficult than described by brokers’ presentations, valuation reports, and traditional analytical approaches like hedonic models. Automating and optimizing their investment strategy. Rapid Modeling with DataRobot AutoML.

Management 59

Management Machine Learning Optimization Modeling 59

Corinium

APRIL 25, 2019

I am head of Products here, which comprises of R&D, Product Management and Global Customer support. Most of my days focus on understanding what’s happening in the market, defining overall product strategy and direction, and translating into execution across the various teams. This is a much more proactive and scalable model.

Insurance 150

Insurance Risk IoT Cost-Benefit 150

Grooper

OCTOBER 23, 2019

With the increasing value of data and more tools to process and analyze information than ever before, companies with information governance and master data model programs are outpacing their peers. Now is the time to get organized, and view information management as the single most important initiative for business growth and innovation.

Metrics 59

Metrics Measurement Strategy Optimization 59

datapine

AUGUST 29, 2022

And with that understanding, you’ll be able to tap into the potential of data analysis to create strategic advantages, exploit your metrics to shape them into stunning business dashboards , and identify new opportunities or at least participate in the process. Product/market fit is THE most important factor to get right.

Big Data 263

Big Data Data Analytics Analytics Data mining 263

CIO Business Intelligence

FEBRUARY 3, 2023

More recently, The Royal Mint has evolved its business model in the face of declining cash usage, from its core business of coins and metal manufacturing through to bullion trading, a new consumer business and jewellery line, as well as tentative steps into digital gold and recycling e-waste. “We

IT 52

IT Experimentation Scorecard Digital Transformation 52

Smart Data Collective

FEBRUARY 20, 2022

Different DAM providers use different approaches to defining the key metrics that influence the cost of an off-the-shelf solution. A subscription model with annual or monthly payments is the most common licensing mechanism at this point. By and large, you need to build an entire data protection strategy. DAM features.

Behavioral Analytics 117

Behavioral Analytics Risk Machine Learning Interactive 117

CIO Business Intelligence

APRIL 15, 2024

The senior vice president and chief information and strategy officer at National Life Group, has spent years executing a technology roadmap to modernize the insurance company. Case in point: Mehta, who now has the responsibility of developing National Life’s three-year enterprise strategy.

Digital Transformation 129

Digital Transformation Strategy Technology Enterprise 129