DataRobot Blog

MAY 10, 2022

Addressing the Key Mandates of a Modern Model Risk Management Framework (MRM) When Leveraging Machine Learning . The regulatory guidance presented in these documents laid the foundation for evaluating and managing model risk for financial institutions across the United States.

Risk 64

Risk Modeling Machine Learning Data Quality 64

bridgei2i

NOVEMBER 20, 2020

Episode 2: AI enabled Risk Management for FS powered by BRIDGEi2i Watchtower. AI enabled Risk Management for FS powered by BRIDGEi2i Watchtower. Today the Chief Risk Officers(CROs) struggle with the critical task of monitoring and assessing key risks in real time and firefight to mitigate any critical issues that arise.

Risk Management 92

Risk Management Risk Management Metrics 92

Cloudera

OCTOBER 20, 2021

Understanding a firm’s exposure to climate risk begins with creating scenarios and gaining better visibility to the impact of a variety of variables on the book of business. 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. .

Risk 78

Risk Modeling Risk Management Measurement 78

DataRobot Blog

JUNE 27, 2022

In our previous two posts, we discussed extensively how modelers are able to both develop and validate machine learning models while following the guidelines outlined by the Federal Reserve Board (FRB) in SR 11-7. Monitoring Model Metrics.

Risk 59

Risk Modeling Metrics Measurement 59

CIO Business Intelligence

DECEMBER 19, 2023

The analyst reports tell CIOs that generative AI should occupy the top slot on their digital transformation priorities in the coming year. Moreover, the CEOs and boards that CIOs report to don’t want to be left behind by generative AI, and many employees want to experiment with the latest generative AI capabilities in their workflows.

Digital Transformation 143

Digital Transformation Unstructured Data Machine Learning Risk Management 143

CIO Business Intelligence

DECEMBER 28, 2023

As a result, managing risks and ensuring compliance to rules and regulations along with the governing mechanisms that guide and guard the organization on its mission have morphed from siloed duties to a collective discipline called GRC. These executive lead risk or compliance departments with dedicated teams. What is GRC?

Risk 115

Risk Risk Management Strategy Enterprise 115

erwin

MARCH 12, 2020

It also highlights select enterprise architecture management suite (EAMS) vendors based on size and functionality, including erwin. The report notes six primary EA competencies in which we excel in the large vendor category: modeling, strategy translation, risk management, financial management, insights and change management.

Enterprise 85

Enterprise Reporting Management ROI 85

John Wheeler

MARCH 5, 2021

Simply put, business leaders need a better way to manage risks. For them, the way forward is IRM – integrated risk management. Our clients are telling us that their risk management priorities have shifted dramatically due to COVID-19. Technology Outlook for Integrated Risk Management.

Risk Management 105

Risk Management Risk Technology Management 105

CIO Business Intelligence

FEBRUARY 20, 2024

Others are weighing the advantages of subscription-based business models where industrial equipment, automation, and processes are delivered as a service. Nall comments: “Copilot can help manufacturers de-risk their supply chains by helping predict potential disruption so they can put mitigations in place ahead of time.”

Manufacturing 98

Manufacturing Sales Risk Management Forecasting 98

CIO Business Intelligence

JANUARY 11, 2024

Seventy-one percent of business leaders expect AI and ML to have a worldwide impact, according to the Workday C-Suite Global AI Indicator Report. Business leaders are excited about what AI and ML could do for their organizations—especially operational efficiency, better decision-making, and competitive advantage,” says the report.

Enterprise 128

Enterprise Uncertainty Risk Management Reporting 128

CIO Business Intelligence

SEPTEMBER 14, 2023

Nasdaq is currently using gen AI for a range of applications, including supporting digital investigators’ efforts to identify financial crime risk and empowering corporate boards to consume presentations and disclosures more efficiently. The company, which reported net revenues of $3.6

Risk Management 116

Risk Management Risk Marketing Cost-Benefit 116

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

There are ample reasons why 77% of IT professionals are concerned about shadow IT, according to a report from Entrust. Set parameters and emphasize collaboration To address one root cause of shadow IT, CIOs must also establish a governance and delivery model for evaluating, procuring, and implementing department technology solutions.

IT 137

IT Risk Cost-Benefit Risk Management 137

CIO Business Intelligence

JANUARY 18, 2024

Half of CEOs say their organization is at least somewhat unprepared for AI and machine learning (ML) adoption, according to Workday’s C-Suite Global AI Indicator Report. Nearly a third (29%) of CEOs are dissatisfied with their organization’s speed of innovation, capabilities in risk management, and talent acquisition and retention rates.

Finance 126

Finance Machine Learning Risk Management Optimization 126

IBM Big Data Hub

APRIL 20, 2023

Banks and their employees place trust in their risk models to help ensure the bank maintains liquidity even in the worst of times. This trust depends on an understanding of the data that inform risk models: where does it come from, where is it being used, and what are the ripple effects of a change?

Risk 74

Risk Risk Management Reporting Metadata 74

CIO Business Intelligence

JUNE 23, 2023

An astounding 93% of respondents noted they strongly agree with the sentence, “I believe my organization needs to embrace a hybrid infrastructure model that spans from mainframe to cloud.” Risk Management: Risk management is a critical focus for technology professionals. Digital Transformation

IT 98

IT Risk Management Risk Optimization 98

O'Reilly on Data

MAY 18, 2020

To date, at least 1,200 reports of AI incidents have been recorded in various public and research databases. Most AI models decay overtime: This phenomenon, known more widely as model decay , refers to the declining quality of AI system results over time, as patterns in new data drift away from patterns learned in training data.

Risk 359

Risk Modeling Data Processing Software 359

CIO Business Intelligence

SEPTEMBER 20, 2023

Top 5 priorities for CISOs: Cybersecurity: Protecting the organization against cyber threats is the top priority for CISOs, with the number of reported data breaches rising year-on-year. Risk Management: CISOs must assess and manage the risks posed by new technologies and changing threat landscapes.

Digital Transformation 111

Digital Transformation Risk Management Risk Machine Learning 111

Jet Global

JULY 21, 2022

July 21, 2022 – insightsoftware , a global provider of reporting, analytics, and performance management solutions, today launched its annual Finance Team Trends Report. With 63 percent of finance teams now reporting a “high level” of digitization, they have become significantly more efficient in their day-to-day tasks.

Digital Transformation 52

Digital Transformation Finance Reporting Interactive 52

Smart Data Collective

JULY 16, 2023

According to a report by Dataversity , a growing number of hedge funds are utilizing data analytics to optimize their rick profiles and increase their ROI. We will talk about some of the biggest ways that big data is changing the future of risk management among hedge funds. The market for financial analytics was worth $8.2

ROI 72

ROI Data Analytics Analytics Risk Management 72

CIO Business Intelligence

AUGUST 25, 2022

As organizations shape the contours of a secure edge-to-cloud strategy, it’s important to align with partners that prioritize both cybersecurity and risk management, with clear boundaries of shared responsibility. The security-shared-responsibility model provides a clear definition of the roles and responsibilities for security.”.

Risk Management 116

Risk Management Internet of Things Risk IoT 116

IBM Big Data Hub

FEBRUARY 13, 2024

This data is fed into generational models, and there are a few to choose from, each developed to excel at a specific task. Generative adversarial networks (GANs) or variational autoencoders (VAEs) are used for images, videos, 3D models and music. Autoregressive models or large language models (LLMs) are used for text and language.

Enterprise 125

Enterprise Modeling Testing Data-driven 125

CIO Business Intelligence

MAY 2, 2024

Security and risk management pros have a lot keeping them up at night. As expected with the rise of Generative AI, AI deepfakes are also on the rise, with Onfido reporting a 3,000% increase in deepfake attacks last year.

Strategy 59

Strategy Risk Management Risk Measurement 59

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 61

Cost-Benefit Risk Management Risk Digital Transformation 61

IBM Big Data Hub

APRIL 18, 2023

In contrast to older messaging standards, ISO 20022 provides a more comprehensive and structured data model, which makes it easier and more efficient for different financial institutions and payment systems to communicate with each other. Real-Time Payments and Wire Transfer). Are your payment systems ready for these new opportunities?

Risk Management 118

Risk Management Cost-Benefit Risk Data-driven 118

IBM Big Data Hub

OCTOBER 4, 2022

Manual processes that introduce risk and make it hard to scale. Multiple unsupported tools for building and deploying models. According to Gartner 54% of models are stuck in pre-production because there is not an automated process to manage these pipelines and there is a need to ensure the AI models can be trusted.”

Metadata 102

Metadata Risk Risk Management Experimentation 102

IBM Big Data Hub

MARCH 25, 2024

Developing a risk management strategy for insurance and other financial services In recent years, financial services firms have realized that they need a decision-making strategy that accounts for the implications of climate change. As a result, pension funds and other stock market investments might suffer adverse effects.

Insurance 95

Insurance Forecasting Risk Risk Management 95

Cloudera

FEBRUARY 4, 2021

Financial services institutions need the ability to analyze and act on massive volumes of data from diverse sources in order to monitor, model, and manage risk across the enterprise. They need a comprehensive data and analytics platform to model risk exposures on-demand. Cloudera is that platform.

Risk 86

Risk Marketing Technology Management 86

DataRobot

OCTOBER 5, 2021

Throughout history, introducing innovations in fields like aviation and nuclear power to society required robust risk management frameworks. AI is no different, and by its nature, it demands a comprehensive approach to governance utilizing risk management.

Risk Management 95

Risk Management Testing Risk Data Science 95

CIO Business Intelligence

DECEMBER 27, 2023

So over the last several months, we’ve been taking a disciplined and educated understanding of large language models and generative AI. This is being used to automate suspicious activity reports (SAR), which financial service providers have to produce if they identify transactions in breach of sanctions, for example. “In

Insurance 141

Insurance Cost-Benefit Risk Technology 141

Cloudera

AUGUST 12, 2021

A data-driven approach to talent management and development brings about greater transparency, reduced attrition and more effective training and enablement. A 2020 retention report by the Work Institute revealed that over 42 million employees in the US left their jobs voluntarily in 2019, and this trend appeared to be increasing.

Data-driven 107

Data-driven Manufacturing Insurance Risk Management 107

CIO Business Intelligence

NOVEMBER 23, 2022

Organizations that scored in the top quartile for EA maturity in a recent Bizzdesign survey were three times more likely to report having organizational agility, which has been crucial during the past few years with the COVID-19 pandemic. Enterprise architect role Enterprise architects typically report to the CIO or other IT managers.

Enterprise 128

Enterprise Cost-Benefit Digital Transformation Strategy 128

AWS Big Data

MARCH 27, 2023

Developers, data scientists, and analysts can work across databases, data warehouses, and data lakes to build reporting and dashboarding applications, perform real-time analytics, share and collaborate on data, and even build and train machine learning (ML) models with Redshift Serverless. Create cost reports. Choose Activate.

Data Warehouse 83

Data Warehouse Management Snapshot Data Lake 83

CIO Business Intelligence

SEPTEMBER 7, 2022

Dubbed Cropin Cloud, the suite comes with the ability to ingest and process data, run machine learning models for quick analysis and decision making, and several applications specific to the industry’s needs. The global farm management software market is projected to reach $1.9 million in 2021, a Valuates report showed.

B2B 105

B2B Contextual Data IoT Deep Learning 105

CIO Business Intelligence

OCTOBER 4, 2023

There’s also strong demand for non-certified security skills, with DevSecOps, security architecture and models, security testing, and threat detection/modelling/management attracting the highest pay premiums. While 159 rose in value, 205 declined, compared to 124 rising and 159 declining in the previous quarter.

Prescriptive Analytics 135

Prescriptive Analytics IT Machine Learning Risk 135

IBM Big Data Hub

MAY 9, 2023

According to Gartner , 54% of models are stuck in pre-production because there is not an automated process to manage these pipelines and there is a need to ensure the AI models can be trusted. This solution is designed to include everything needed to develop a consistent transparent model management process.

Metadata 78

Metadata Risk Experimentation Dashboards 78

CIO Business Intelligence

OCTOBER 13, 2023

Responsibilities include building predictive modeling solutions that address both client and business needs, implementing analytical models alongside other relevant teams, and helping the organization make the transition from traditional software to AI infused software.

Deep Learning 143

Deep Learning Machine Learning Modeling Software 143