Remove Metrics Remove Risk Remove Risk Management Remove Visualization
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Automating Model Risk Compliance: Model Monitoring

DataRobot Blog

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. Monitoring Model Metrics. Figure 1: Data drift tab of a deployed DataRobot model.

Risk 59
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The journey to a mature asset management system

IBM Big Data Hub

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. Robots and drones perform inspections by using AI-based visual recognition techniques.

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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.

Risk 52
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7 steps for turning shadow IT into a competitive edge

CIO Business Intelligence

Ask IT leaders about their challenges with shadow IT, and most will cite the kinds of security, operational, and integration risks that give shadow IT its bad rep. That’s not to downplay the inherent risks of shadow IT.

IT 137
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How Big Data Impacts The Finance And Banking Industries

Smart Data Collective

Nowadays, terms like ‘Data Analytics,’ ‘Data Visualization,’ and ‘Big Data’ have become quite popular. Here are a few of the advantages of Big Data in the banking and financial industry: Improvement in risk management operations. Big Data provides financial and banking organizations with better risk coverage.

Big Data 142
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Everything You Need to Know About Project Management Dashboard

FineReport

Moreover, the implementation of an effective Project Management Dashboard facilitates data-driven decision-making and sustainable business success. This approach is facilitated by project management dashboards, which enable you to monitor, optimize, and enhance project performance while boosting overall team productivity.

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Best BI Tools Examples for 2024: Business Intelligence Software

FineReport

By leveraging advanced analytics capabilities, businesses can uncover hidden opportunities and potential risks within their datasets, allowing them to proactively address challenges and capitalize on emerging trends. In addition to these advancements, another prominent trend in data analysis is the growing impact of data visualization.