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The Telecommunications (Security) Bill will boost the security standards of the UK's telecoms networks and remove the threat of high-risk vendors, the government said. MORE
(Reuters) - Wall Street analysts raised price targets for Zoom Video Communications on Tuesday as its shares hit a record high, while warning that a return to office work could hamper its success in luring small corporate customers. MORE
SHANGHAI/WASHINGTON (Reuters) - The United States has imposed restrictions on exports to China's biggest chip maker SMIC after concluding there is an "unacceptable risk" equipment supplied to it could be used for military purposes. MORE
The world's biggest social network, saying it was expanding its policy on perceived risks to public safety, also imposed restrictions on the remaining 1,950 public and private QAnon groups it could find. By Joseph Menn. MORE
It’s important to know how to protect your own firm from spend risk, supply chain disruption while enhancing the company’s ability to thrive. It’s difficult to mitigate supply chain risk in the best of times. Mitigate spend risk in real time. MORE
The Relationship between Big Data and Risk Management. While the sophisticated Internet of Things can positively impact your business, it also carries a significant risk of data misuse. The application of big data to your organization’s risk management system ensures that you get a comprehensive system that will safeguard your data, revenue streams, and predict changes that may affect the growth of the company (either negatively or positively). Vendor Risk Management (VRM). MORE
LONDON (Reuters) - China's Huawei Technologies has failed to convince British security officials that the security risks of using its products in UK national infrastructure can be adequately managed, according to a government report released on Thursday. By Jack Stubbs. MORE
The Fourth Industrial Revolution is, ostensibly, upon us. The term was coined in 2016 by Klaus Schwab, the founder and executive chairman of the World Economic Form. Data Science Africa MORE
Warren Buffett, the world’s most famous investor, has a great quote about managing risk. “It’s This is prudent investment advice – but it’s also a great lesson for today’s supply chain leaders about risk exposure. The past few weeks have revealed that most companies actually have a fairly poor understanding about their exposure to risk. This requires an accurate and trusted pipeline of data that can help answer critical questions to identify supply chain risk. MORE
The Future of Privacy Forum and Immuta recently released a report with some great suggestions on how one might approach machine learning projects with risk management in mind: When you’re working on a machine learning project, you need to employ a mix of data engineers, data scientists, and domain experts. Continue reading Managing risk in machine learning Considerations for a world where ML models are becoming mission critical. MORE
Gartner’s “Hype Cycle for Risk Management, 2019” report was published almost a month ago and reader response has been overwhelmingly positive. In this year’s report, we highlight the need for a “PRACtical” view of risk management technologies to fuel digital business growth. Hype Cycle for Risk Management, 2019 Source: Gartner. Risk management continues to mature and is offering a more practical approach to CEOs looking to improve. MORE
But some AI models can add complexity and risk. You can minimize that risk and also streamline the process of model validation by using IBM Cloud Pak for Data , a data and AI platform that includes IBM Watson Studio, Watson Machine Learning, Watson OpenScale and other services Many financial firms are increasing their use of AI models because they can represent the real world more accurately, and they can deliver better projections than traditional, rule-based models. MORE
By Andreas Rinke. BERLIN (Reuters) - Germany would need to reach a consensus within government that a telecoms vendor poses a national security threat in order to exclude its equipment from national 5G networks, according to draft legislation reviewed by Reuters on Friday. MORE
Digital risk continues to grow in importance for corporate boards as they recognize the critical nature of digital business transformation today. Not only that, but 49% of directors cite the need to reduce legal, compliance and reputation risk related to digital investments. MORE
Balancing risk and reward is a necessary tension we'll need to understand as we continue our journey into the age of data. But those opportunities were balanced against risks—risks that loom large as we discover more powerful ways to apply data using machine learning and artificial intelligence. What about the risks? The risks of a hostile, militarized network are real. Continue reading Strata San Francisco, 2019: Opportunities and Risks MORE
The post Model Risk Management And the Role of Explainable Models(With Python Code) appeared first on Analytics Vidhya. Intermediate Machine Learning Python Structured Data Supervised Technique blogathon Model risk management MORE
However, for security and risk management professionals it can make a huge difference. Take for example the terms cyber risk, digital risk and the digitalization of risk management. Viewed together, the three terms represent key aspects of integrated risk management (IRM). MORE
Over the past month, I’ve been speaking to various groups to help them prepare for the onslaught of digital risks in their organizations. A common theme is the need for greater risk quantification beyond the realm of traditional, qualitative governance, risk and compliance (GRC) approaches. Digital Risk Management – Gartner. However, in the pursuit of techquilibrium, organizations must take their risk analysis a step further to the strategic view. MORE
RISK-ON TRADE. By Tom Wilson and Ritvik Carvalho. LONDON (Reuters) - Is it an inflation hedge? A currency? Or just another niche asset to take a punt on? Bitcoin is in the headlines, re-kindling a debate over its true role and the drivers behind its latest scintillating rally. MORE
As the recovery efforts fully take hold in 2021, a deep understanding of the integrated nature of risks associated with business operations will take center stage. A “PRACtical” Approach Provides a Balanced View of Risk. MORE
One thing we continue to hear again and again in regards to coming technological advancements relates to the benefits of connected and autonomous vehicles and how they will drastically improve our way of life. No matter what your thoughts or opinions concerning connected and autonomous vehicles, 2020 will see their continued rise and the imminent deployment of them is likely in the foreseeable future. MORE
Despite the pros of open source projects, there are issues with security risks and code vulnerabilities when using components from such projects. This article informs you of some of the main open source security risks and vulnerabilities you should know about in 2019. One of the biggest security risks that still continues to plague commercial software development teams is the issue of remediating vulnerabilities too slowly after a fix has already been released. . MORE
(Reuters) - Tesla Inc Chief Executive Elon Musk said on Wednesday the company will produce Model Y with a new structural battery design and technology at its Berlin factory next year and that could result in a "significant production risk". MORE
Your business needs to analyze countless time-varying signals if it will accurately calculate its cybersecurity risk. AI is reducing the breach risk and making it possible for enterprises to react faster and more effectively when a breach is in process. MORE
As we look to 2021 and the anticipated global economic recovery , we see continued interest in topics related to emerging business risks, digital transformation and cybersecurity. As a result, integrated risk management (IRM) topped our list in 2020. MORE
The sharper regulatory focus over Ant's cash cow and rapidly growing consumer lending business to curb financial sector risk has emerged as a key concern for potential investors ahead of its likely $35 billion float, the world's largest. By Cheng Leng and Julie Zhu. MORE
Disasters drive innovation in the insurance industry. Business Intelligence MORE
LONDON (Reuters) - Democracies around the world are under a constant barrage of cyberattacks that must be identified, called out and stopped, Microsoft President Brad Smith told a gathering of security and defence officials on Wednesday. MORE
However, … Continue reading "Investing in Land: What are its Risk and Benefits?". The post Investing in Land: What are its Risk and Benefits? You can find a lot of ways to generate money by investing in land. MORE
The trouble is, mortgage lenders persist in relying on historical macro-economic assumptions in their models so they risk repeating the errors of a decade ago when banks – and their regulators – failed to recognize the warning signs from a far richer source: low-level micro-economic data. They also fail to model the effects of fear and the risk of contagion. Risk management 3.0. The post Managing mortgage risk in an uncertain world appeared first on Cloudera Blog. MORE
By defining the roles & rights within the data, organisations can also control and restrict the data and reports access for individuals belonging to different functions, departments and hierarchy.How can organisations rightly position themselves to address the opportunities that arise from the emergence of self-service analytics & what are the risks that organisations need to avoid?The Today, organisations are becoming increasingly data-driven. MORE
Case study: Emerging Risk Identification for Personal Lines Insurance. BRIDGEi2i developed an automated & interactive MIS system to analyze key emerging risks & their patterns using live feeds from social media and the latest medical journals. MORE
The post Hands-On Introduction to creditR: An Amazing R Package to Enhance Credit Risk Scoring and Validation appeared first on Analytics Vidhya. Data Science Machine Learning R Credit Risk data science machine learningIntroduction Machine learning is disrupting multiple and diverse industries right now. One of the biggest industries to be impacted – finance. Functions like fraud. MORE
2019 Sep Opinions AI Big Data Causation Correlation Overfitting RiskWith recent advances in AI being enabled through access to so much “Big Data” and cheap computing power, there is incredible momentum in the field. Can big data really deliver on all this hype, and what can go wrong? MORE
Risk Related Topics 
John Wheeler
NOVEMBER 24, 2020
However, for security and risk management professionals it can make a huge difference. Take for example the terms cyber risk, digital risk and the digitalization of risk management. Viewed together, the three terms represent key aspects of integrated risk management (IRM).
Analytics Vidhya
DECEMBER 21, 2020
The post Model Risk Management And the Role of Explainable Models(With Python Code) appeared first on Analytics Vidhya. Intermediate Machine Learning Python Structured Data Supervised Technique blogathon Model risk management
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O'Reilly on Data
NOVEMBER 13, 2018
The Future of Privacy Forum and Immuta recently released a report with some great suggestions on how one might approach machine learning projects with risk management in mind: When you’re working on a machine learning project, you need to employ a mix of data engineers, data scientists, and domain experts. Continue reading Managing risk in machine learning Considerations for a world where ML models are becoming mission critical.
John Wheeler
AUGUST 28, 2020
Digital risk continues to grow in importance for corporate boards as they recognize the critical nature of digital business transformation today. Not only that, but 49% of directors cite the need to reduce legal, compliance and reputation risk related to digital investments.
Advertiser: UserTesting
Agile has become the go-to methodology for companies that want to reduce the risk involved in shipping new products. But how do you prevent building items nobody wants? If you wait to get user feedback until after development, then you’ve waited too long.
John Wheeler
AUGUST 19, 2019
Gartner’s “Hype Cycle for Risk Management, 2019” report was published almost a month ago and reader response has been overwhelmingly positive. In this year’s report, we highlight the need for a “PRACtical” view of risk management technologies to fuel digital business growth. Hype Cycle for Risk Management, 2019 Source: Gartner. Risk management continues to mature and is offering a more practical approach to CEOs looking to improve.
John Wheeler
OCTOBER 21, 2019
Over the past month, I’ve been speaking to various groups to help them prepare for the onslaught of digital risks in their organizations. A common theme is the need for greater risk quantification beyond the realm of traditional, qualitative governance, risk and compliance (GRC) approaches. Digital Risk Management – Gartner. However, in the pursuit of techquilibrium, organizations must take their risk analysis a step further to the strategic view.
Corinium
NOVEMBER 18, 2019
Disasters drive innovation in the insurance industry. Business Intelligence
DataFloq
NOVEMBER 19, 2020
RISK-ON TRADE. By Tom Wilson and Ritvik Carvalho. LONDON (Reuters) - Is it an inflation hedge? A currency? Or just another niche asset to take a punt on? Bitcoin is in the headlines, re-kindling a debate over its true role and the drivers behind its latest scintillating rally.
bridgei2i
JANUARY 17, 2021
Case study: Emerging Risk Identification for Personal Lines Insurance. BRIDGEi2i developed an automated & interactive MIS system to analyze key emerging risks & their patterns using live feeds from social media and the latest medical journals.
Smart Data Collective
AUGUST 27, 2020
It’s important to know how to protect your own firm from spend risk, supply chain disruption while enhancing the company’s ability to thrive. It’s difficult to mitigate supply chain risk in the best of times. Mitigate spend risk in real time.
Advertiser: Data Robot
Banks have always relied on predictions to make their decisions. Estimating the risks or rewards of making a particular loan, for example, has traditionally fallen under the purview of bankers with deep knowledge of the industry and extensive expertise. But times are changing. Today, banks realize that data science can significantly speed up these decisions with accurate and targeted predictive analytics. By leveraging the power of automated machine learning, banks have the potential to make data-driven decisions for products, services, and operations. Read the white paper, How Banks Are Winning with AI and Automated Machine Learning, to find out more about how banks are tackling their biggest data science challenges.
DataFloq
AUGUST 19, 2020
The world's biggest social network, saying it was expanding its policy on perceived risks to public safety, also imposed restrictions on the remaining 1,950 public and private QAnon groups it could find. By Joseph Menn.
O'Reilly on Data
APRIL 12, 2019
Balancing risk and reward is a necessary tension we'll need to understand as we continue our journey into the age of data. But those opportunities were balanced against risks—risks that loom large as we discover more powerful ways to apply data using machine learning and artificial intelligence. What about the risks? The risks of a hostile, militarized network are real. Continue reading Strata San Francisco, 2019: Opportunities and Risks
DataFloq
JANUARY 8, 2021
Your business needs to analyze countless time-varying signals if it will accurately calculate its cybersecurity risk. AI is reducing the breach risk and making it possible for enterprises to react faster and more effectively when a breach is in process.
John Wheeler
SEPTEMBER 15, 2020
As the recovery efforts fully take hold in 2021, a deep understanding of the integrated nature of risks associated with business operations will take center stage. A “PRACtical” Approach Provides a Balanced View of Risk.
DataFloq
NOVEMBER 23, 2020
The Telecommunications (Security) Bill will boost the security standards of the UK's telecoms networks and remove the threat of high-risk vendors, the government said.
Advertiser: UserTesting
Up to 80% of new products fail. The reality is harsh and the reasons why are endless. Perhaps the new product couldn’t oust a customer favorite. Maybe it looked great but was too hard to use. Or, despite being a superior product, the go-to-market strategy failed. There’s always a risk when building a new product, but you can hedge your bets by understanding exactly what your customers' expectations truly are at every step of the development process.
Smart Data Collective
JUNE 19, 2019
The Relationship between Big Data and Risk Management. While the sophisticated Internet of Things can positively impact your business, it also carries a significant risk of data misuse. The application of big data to your organization’s risk management system ensures that you get a comprehensive system that will safeguard your data, revenue streams, and predict changes that may affect the growth of the company (either negatively or positively). Vendor Risk Management (VRM).
Cloudera
MARCH 28, 2019
The trouble is, mortgage lenders persist in relying on historical macro-economic assumptions in their models so they risk repeating the errors of a decade ago when banks – and their regulators – failed to recognize the warning signs from a far richer source: low-level micro-economic data. They also fail to model the effects of fear and the risk of contagion. Risk management 3.0. The post Managing mortgage risk in an uncertain world appeared first on Cloudera Blog.
DataFloq
OCTOBER 21, 2020
LONDON (Reuters) - Democracies around the world are under a constant barrage of cyberattacks that must be identified, called out and stopped, Microsoft President Brad Smith told a gathering of security and defence officials on Wednesday.
KDnuggets
SEPTEMBER 20, 2019
2019 Sep Opinions AI Big Data Causation Correlation Overfitting RiskWith recent advances in AI being enabled through access to so much “Big Data” and cheap computing power, there is incredible momentum in the field. Can big data really deliver on all this hype, and what can go wrong?
Advertiser: Data Robot
Banks have always relied on predictions to make their decisions. Estimating the risks or rewards of making a particular loan, for example, has traditionally fallen under the purview of bankers with deep knowledge of the industry and extensive expertise. But times are changing. Today, banks realize that data science can significantly speed up these decisions with accurate and targeted predictive analytics. By leveraging the power of automated machine learning, banks have the potential to make data-driven decisions for products, services, and operations. Read the white paper, How Banks Are Winning with AI and Automated Machine Learning, to find out more about how banks are tackling their biggest data science challenges.
KDnuggets
JANUARY 10, 2020
Deepfakes have instilled panic in experts since they first emerged in 2017. Microsoft and Facebook have recently announced a contest to identify deepfakes more efficiently. 2020 Jan Opinions AI Deep Fakes Security
DataFloq
APRIL 10, 2020
One thing we continue to hear again and again in regards to coming technological advancements relates to the benefits of connected and autonomous vehicles and how they will drastically improve our way of life. No matter what your thoughts or opinions concerning connected and autonomous vehicles, 2020 will see their continued rise and the imminent deployment of them is likely in the foreseeable future.
DataFloq
MARCH 12, 2020
By defining the roles & rights within the data, organisations can also control and restrict the data and reports access for individuals belonging to different functions, departments and hierarchy.How can organisations rightly position themselves to address the opportunities that arise from the emergence of self-service analytics & what are the risks that organisations need to avoid?The Today, organisations are becoming increasingly data-driven.
DataFloq
SEPTEMBER 26, 2020
SHANGHAI/WASHINGTON (Reuters) - The United States has imposed restrictions on exports to China's biggest chip maker SMIC after concluding there is an "unacceptable risk" equipment supplied to it could be used for military purposes.
Speaker: Tolga Tarhan, Senior Vice President, GM AWS Services at Onica
When it comes to the modern tech stack, one of the fastest changing areas is around containers, serverless, and choosing the ideal path to cloud native computing. How do you as a technology leader point your team in the right direction, especially given how quickly this is evolving?
DataFloq
MAY 16, 2019
Despite the pros of open source projects, there are issues with security risks and code vulnerabilities when using components from such projects. This article informs you of some of the main open source security risks and vulnerabilities you should know about in 2019. One of the biggest security risks that still continues to plague commercial software development teams is the issue of remediating vulnerabilities too slowly after a fix has already been released. .
DataFloq
OCTOBER 1, 2020
LONDON (Reuters) - China's Huawei Technologies has failed to convince British security officials that the security risks of using its products in UK national infrastructure can be adequately managed, according to a government report released on Thursday. By Jack Stubbs.
Tre Pryor
DECEMBER 2, 2020
However, … Continue reading "Investing in Land: What are its Risk and Benefits?". The post Investing in Land: What are its Risk and Benefits? You can find a lot of ways to generate money by investing in land.
Corinium
AUGUST 6, 2019
The Fourth Industrial Revolution is, ostensibly, upon us. The term was coined in 2016 by Klaus Schwab, the founder and executive chairman of the World Economic Form. Data Science Africa
DataFloq
OCTOBER 7, 2020
(Reuters) - Tesla Inc Chief Executive Elon Musk said on Wednesday the company will produce Model Y with a new structural battery design and technology at its Berlin factory next year and that could result in a "significant production risk".
Dataiku
NOVEMBER 20, 2020
AI systems may cause unintended harms and their increasing adoption leads to additional risks and scrutiny. In this blog post, I present tools project teams can use to identify ethical concerns associated with their AI use cases.
DataFloq
OCTOBER 15, 2020
The sharper regulatory focus over Ant's cash cow and rapidly growing consumer lending business to curb financial sector risk has emerged as a key concern for potential investors ahead of its likely $35 billion float, the world's largest. By Cheng Leng and Julie Zhu.
DataFloq
NOVEMBER 20, 2020
By Andreas Rinke. BERLIN (Reuters) - Germany would need to reach a consensus within government that a telecoms vendor poses a national security threat in order to exclude its equipment from national 5G networks, according to draft legislation reviewed by Reuters on Friday.
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that you’re at risk for an analytics emergency. teams risk falling straight off it. requests, you risk unhappy customers and skyrocketing. And ignoring the warning signs means you risk losing. Updating your application’s dashboards and reporting features.
John Wheeler
DECEMBER 31, 2020
As we look to 2021 and the anticipated global economic recovery , we see continued interest in topics related to emerging business risks, digital transformation and cybersecurity. As a result, integrated risk management (IRM) topped our list in 2020.
DataFloq
SEPTEMBER 1, 2020
(Reuters) - Wall Street analysts raised price targets for Zoom Video Communications on Tuesday as its shares hit a record high, while warning that a return to office work could hamper its success in luring small corporate customers.
Tamr
MAY 6, 2020
Warren Buffett, the world’s most famous investor, has a great quote about managing risk. “It’s This is prudent investment advice – but it’s also a great lesson for today’s supply chain leaders about risk exposure. The past few weeks have revealed that most companies actually have a fairly poor understanding about their exposure to risk. This requires an accurate and trusted pipeline of data that can help answer critical questions to identify supply chain risk.
IBM Big Data Hub
MAY 4, 2020
But some AI models can add complexity and risk. You can minimize that risk and also streamline the process of model validation by using IBM Cloud Pak for Data , a data and AI platform that includes IBM Watson Studio, Watson Machine Learning, Watson OpenScale and other services Many financial firms are increasing their use of AI models because they can represent the real world more accurately, and they can deliver better projections than traditional, rule-based models.
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for all your users, you risk upsetting customers who don’t care about and may never. unnecessary risk and results in incorrect (and sometimes dangerous) decisions. for an add-on product or capability and risk leaving potential revenue on the table.
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