DataRobot Blog

APRIL 29, 2022

The stakes in managing model risk are at an all-time high, but luckily automated machine learning provides an effective way to reduce these risks. However, after the financial crisis, financial regulators around the world stepped up to the challenge of reigning in model risk across the financial industry.

Risk 111

Risk Modeling IT Risk Management 111

CIO Business Intelligence

FEBRUARY 26, 2024

For those without the requisite experience for the Project Management Professional (PMP) exam, earning the CAPM certification can help demonstrate a commitment to project management as a profession and add credibility to your resume. The CAPM requires passing a proctored exam at an approved test center or online.

Cost-Benefit 98

Cost-Benefit Testing Management Risk Management 98

CIO Business Intelligence

JANUARY 11, 2024

CIOs are under increasing pressure to deliver AI across their enterprises – a new reality that, despite the hype, requires pragmatic approaches to testing, deploying, and managing the technologies responsibly to help their organizations work faster and smarter. The top brass is paying close attention.

Enterprise 128

Enterprise Uncertainty Risk Management Reporting 128

CIO Business Intelligence

DECEMBER 19, 2023

Underpinning these initiatives are digital transformation core competencies , which include design thinking, product management, agile methodologies, devops practices, citizen development, and data governance. CIOs should consider where closing these gaps falls in their digital transformation priorities.

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Digital Transformation Unstructured Data Machine Learning Risk Management 143

CIO Business Intelligence

FEBRUARY 20, 2024

Microsoft Copilot can bring to bear a range of capabilities to help manufacturers mitigate risk, manage their inventory, improve planning, and make informed decisions quickly across the entire supply chain. Copilot helps engineers generate code using natural language prompts, automates routine tasks, and improves design efficiency.

Manufacturing 98

Manufacturing Sales Risk Management Forecasting 98

IBM Big Data Hub

FEBRUARY 13, 2024

It also plays a significant role in identifying and fixing bugs in the code and to automate the testing of code; helping ensure the code works as intended and meets quality standards without requiring extensive manual testing. Generative AI is being used to automatically update and maintain code across different platforms.

Enterprise 124

Enterprise Modeling Testing Data-driven 124

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. Stress testing was heavily scrutinized in the post 2008 financial crisis. The climate risk model makes robust scenarios possible. Assess Variables.

Risk 82

Risk Modeling Risk Management Measurement 82

CIO Business Intelligence

JANUARY 18, 2024

Optimism aside, the true test is in how well organizations will master the changes to the nature of work that AI enables. 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 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 60

Cost-Benefit Risk Management Risk Digital Transformation 60

CIO Business Intelligence

OCTOBER 17, 2022

From the point- of view of financial institutions, that elevation of risk has consequences across multiple aspects of their business, such as how they consume technology and how they transform their business by transitioning to new technologies like cloud computing. DORA also changes the regulatory perspective of ICT organizations.

Risk Management 105

Risk Management Risk Enterprise Testing 105

CIO Business Intelligence

MARCH 13, 2024

We did side-by-side testing,” he says. In testing, gen AI was also particularly good at generating test cases and creating dummy data for testing. We got 600 people together to test gen AI in a sandbox to try different use cases in 54 different categories.”

IT 128

IT Consulting Testing Cost-Benefit 128

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. Here are a few of the advantages of Big Data in the banking and financial industry: Improvement in risk management operations. The Role of Big Data. Engaging the Workforce.

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Big Data Finance Risk Management Risk 142

CIO Business Intelligence

DECEMBER 14, 2023

AI and machine learning (ML) can do this by automating the design cycle to improve efficiency and output; AI can analyze previous designs, generate novel design ideas, and test prototypes, assisting engineers with rapid, agile design practices. Generative AI can help mitigate these often serious risks.

Manufacturing 143

Manufacturing Cost-Benefit Unstructured Data Optimization 143

Cloudera

FEBRUARY 4, 2021

Cloudera comprehensively supports the demanding risk and compliance requirements of financial services and insurance organizations globally and it is an honor to receive this recognition. Supporting the industry’s risk data depository and data management needs. Risk management and models in a COVID-19 world.

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Risk Marketing Technology Management 89

CIO Business Intelligence

AUGUST 4, 2023

This has served us well for many years, but the time has come where we need to step up the risk management mindset, including R&D and innovation-related projects, due to technology’s increasing rate of adoption, scale, and impact. What’s an acceptable level of risk when it comes to cybersecurity, society, and opportunity?

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Risk Risk Management ROI Technology 98

O'Reilly on Data

DECEMBER 12, 2019

In addition to newer innovations, the practice borrows from model risk management, traditional model diagnostics, and software testing. While our analysis of each method may appear technical, we believe that understanding the tools available, and how to use them, is critical for all risk management teams.

Machine Learning 191

Machine Learning Modeling Testing Risk Management 191

CIO Business Intelligence

DECEMBER 7, 2023

That also means distinguishing between where you can take some risks and where the risk is going to be more limited. Then I think you can temper the level of testing, learning, and scaling and embed some of those growth mindset principles within your team. Space to take some risk and try new things has to be an expectation.

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Testing Risk Marketing IoT 105

CIO Business Intelligence

MARCH 18, 2024

Laying the foundation To develop POC implementations, Menon and her team are establishing a lab that is expected to debut in March 2024 for testing AI tools before rollout. There is a great deal of interest to participate in the testing and participation across the County. AI tools rely on the data in use in these solutions.

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Risk Cost-Benefit Data Processing Testing 133

IBM Big Data Hub

AUGUST 18, 2023

The Digital Operational Resilience Act , or DORA, is a European Union (EU) regulation that created a binding, comprehensive information and communication technology (ICT) risk-management framework for the EU financial sector. It offers more control and flexibility for comprehensive testing and validation.

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Cost-Benefit Testing Strategy Risk Management 80

Domino Data Lab

AUGUST 6, 2021

All models require testing and auditing throughout their deployment and, because models are continually learning, there is always an element of risk that they will drift from their original standards. The primary focus of model governance involves tracking, testing and auditing.

Machine Learning 145

Machine Learning Modeling Testing Risk 145

CIO Business Intelligence

MARCH 15, 2023

Some of these components have professional teams that test and maintain them, releasing security patches as needed. There’s never enough money to drive all these risks to zero–so how should executives decide which risks to mitigate and how much money and time to spend mitigating them?

Digital Transformation 126

Digital Transformation Risk Risk Management Strategy 126

CIO Business Intelligence

MARCH 12, 2024

When this happens, corporate risk is heightened as preemptive projects get delayed — sometimes for indefinite periods of time. CIOs can change this thinking by incorporating preemptive projects like disaster recovery into their corporate risk management strategies. The average cost of a data breach is $4.64

ROI 122

ROI IT Manufacturing Metrics 122

CIO Business Intelligence

MAY 11, 2022

Implement more disciplined validation and testing. A more disciplined methodology to validation and testing is essential to sidestepping shortfalls in meeting business expectations. Testing and validation that back up technology assertions depended upon by stakeholders are elemental. Collaboration is an all-way street.

Management 98

Management Testing Insurance Finance 98

CDW Research Hub

APRIL 11, 2022

Once an organization’s collection of complexities is inventoried, the next step is to consider and implement approaches to manage them including action plans and mitigations—much like risk management, some complexity is uncontrollable but still can be managed. Leveraging automation to reduce complexity.

Testing 91

Testing Interactive Software Risk Management 91

CIO Business Intelligence

APRIL 5, 2024

Senate Bill 1047 , introduced in the California State Legislature in February, would require safety testing of AI products before they’re released, and would require AI developers to prevent others from creating derivative models of their products that are used to cause critical harms.

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Risk Interactive Insurance Strategy 132

Smart Data Collective

OCTOBER 21, 2021

The CISSP certification test assesses your knowledge in eight different security domains: Security and Risk Management Asset Security Security Architecture and Engineering Communication and Network Security Identity and Access Management (IAM) Security Assessment and Testing Security Operations Software Development Security.

Testing 122

Testing Big Data Risk Management Risk 122

CIO Business Intelligence

OCTOBER 20, 2023

The vendor-neutral certification covers topics such as organizational structure, security and risk management, asset security, security operations, identity and access management (IAM), security assessment and testing, and security architecture and engineering.

IT 137

IT Consulting Testing IoT 137

IBM Big Data Hub

JANUARY 30, 2024

Finance: Optimized for high-speed transactions and can assist in providing robust security, harnessing AI for fraud detection and real-time risk management. Retail: Manage e-commerce platforms, customer data analytics and supply chain logistics, where data analysis often must occur at the edge.

Manufacturing 79

Manufacturing Business Objectives Optimization Risk Management 79

CDW Research Hub

MAY 24, 2021

To support these plans, components such as prevention and detection mechanisms, access management, incident response, privacy and compliance, risk management, audit and monitoring, and business continuity planning are all necessary to a successful security program. Develop a security risk management program.

Risk Management 52

Risk Management Risk Unstructured Data Business Objectives 52

CIO Business Intelligence

APRIL 21, 2022

Combining Agile and DevOps with elements such as cloud, testing, security, risk management and compliance creates a modernized technology delivery approach that can help an organization achieve greater speed, reduced risk, and enhanced quality and experience. Scale an enterprise mindset .

Digital Transformation 145

Digital Transformation Key Performance Indicator Risk Testing 145

Cloudera

FEBRUARY 24, 2021

Trend #1: The Crossroads of Risk Management and Emerging Technology. One shift the financial services industry will have to come to terms with is the fact that 2020 may have made risk management models of the past outdated or obsolete , particularly credit risk models.

Risk Management 61

Risk Management Risk Recreation/Entertainment Machine Learning 61

Smart Data Collective

OCTOBER 26, 2023

Cybersecurity professionals often perform penetration testing and vulnerability assessments to identify security flaws in systems and networks. Subjects such as incident response, risk management, access control, and cryptography fall under this category. One must be well-versed in both incident response and digital forensics.

Technology 94

Technology Risk Measurement IoT 94

Cloudera

JULY 15, 2021

For financial institutions and insurers, risk and exposure management has always been a fundamental tenet of the business. Now, risk management has become exponentially complicated in multiple dimensions. . Attendees included senior risk managers and analytics experts from financial institutions and insurance companies.

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Risk Optimization Management Insurance 101

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.

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Prescriptive Analytics IT Machine Learning Risk 135

CIO Business Intelligence

JUNE 8, 2023

These IT pros also have a hand in system testing, ensuring that the final product meets expectations, and analyze test results to identify issues or discrepancies. It’s a vital technical role for organizations in the digital age, with the average salary for systems engineers growing nearly 8% since 2021, according to Dice.

IT 140

IT Digital Transformation Software Risk 140

CIO Business Intelligence

SEPTEMBER 7, 2023

The second challenge is managing new risks, which stem primarily from the threat of misinformation. Since the consequence of failure is high, the defense industry must strike a deft balance between innovation and risk management.

Unstructured Data 119

Unstructured Data Cost-Benefit Risk Data-driven 119

IBM Big Data Hub

DECEMBER 4, 2023

Risk management To make underwriting decisions related to property, insurance companies gather a significant amount of external data, including the property data provided in insurance application forms, historical records of floods, hurricanes, fire incidents and crime statistics for the specific location of the property.

Insurance 56

Insurance Digital Transformation Risk Management Risk 56