Managing risk in machine learning

O'Reilly on Data

Continue reading Managing risk in machine learning Considerations for a world where ML models are becoming mission critical. In this post, I share slides and notes from a keynote I gave at the Strata Data Conference in New York last September.

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A New Era for Global Risk

Corinium

Disasters drive innovation in the insurance industry. Business Intelligence

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Digital Risk “Techquilibrium” Requires IRM

John Wheeler

Over the past month, I’ve been speaking to various groups to help them prepare for the onslaught of digital risks in their organizations. Digital Risk Management – Gartner.

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A “PRACtical” View of Emerging Risk Management Technologies

John Wheeler

Gartner’s “Hype Cycle for Risk Management, 2019” report was published almost a month ago and reader response has been overwhelmingly positive. Hype Cycle for Risk Management, 2019 Source: Gartner.

Driving Discovery and Experimentation in your Organization

Speaker: Teresa Torres, Product Discovery Coach, Product Talk, David Bland, Founder and CEO, Precoil, and Hope Gurion, Product Coach and Advisor, Fearless Product LLC

Strata San Francisco, 2019: Opportunities and Risks

O'Reilly on Data

Balancing risk and reward is a necessary tension we'll need to understand as we continue our journey into the age of data. What about the risks? The risks of a hostile, militarized network are real. Continue reading Strata San Francisco, 2019: Opportunities and Risks

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The Hidden Risk of AI and Big Data

KDnuggets

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?

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Hands-On Introduction to creditR: An Amazing R Package to Enhance Credit Risk Scoring and Validation

Analytics Vidhya

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.

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The Fourth Industrial Revolution Risks Leaving Women Behind

Corinium

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

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Open Source Security Risks and Vulnerabilities to Know in 2019

DataFloq

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.

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Interview with Pragasen Pather, GM: IT Governance, Risk & Security, Sun International

Corinium

How are you creating a better-integrated security ecosystem in your organisation? My recipe to create an integrated ecosystem is to merge technology (operational and infrastructure) with business value(process) and culture(people).

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Managing mortgage risk in an uncertain world

Cloudera

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.

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AI Advances Minimize Risk of Site Accessibility Lawsuits in eCommerce

Smart Data Collective

Now, a new benefit of AI is joining the list: avoiding the risk of website accessibility lawsuits. The post AI Advances Minimize Risk of Site Accessibility Lawsuits in eCommerce appeared first on SmartData Collective. AI has become an important factor in the ecommerce industry.

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Taking Smarter Risks to Monetize Your Data

Sisense

For modern organizations, data is the ultimate building block. High profile companies are using data to build profitable new products, new lines of business, even entirely new industries. It’s the starting point and the finish line for every new business creation.

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4 Ways Big Data Has Made Bluetooth A Terrifying Security Risk

Smart Data Collective

On the other hand, big data has created a number of security risks that they need to be aware of, especially with brands leveraging Hadoop technology. Big data has created a number of security risks for Bluetooth users. Bluetooth Security Risks in the Age of Big Data.

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FP&A Digital Transformation: Balancing Risk & Outcomes

Jedox

When embracing better-practice, balancing risk to return can be complex and choosing a path that delivers high business value, with minimum disruption is not always easy. This approach meant they avoided the risk of waiting 6-12 months to get any result.

Beyond Explainability: A Practical Guide to Managing Risks in Machine Learning Models

KDnuggets

This white paper provides the first-ever standard for managing risk in AI and ML, focusing on both practical processes and technical best practices “beyond explainability” alone. 2019 Sep News Explainability Immuta Machine Learning Privacy Risks White PaperDownload now.

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Why Technology Providers Now “Get IRM”

John Wheeler

This past week, I enjoyed meeting with over 1,000 attendees at our annual Gartner Security and Risk Management Conference in London. At the event, the overwhelming feedback received is that integrated risk management (IRM) is needed now more than ever.

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Here’s Why IRM Solutions Are Superior to Archaic GRC Technology

John Wheeler

Gartner clients are consistently searching for ways to improve their risk management programs to deliver greater value to the enterprise. That’s why Gartner has been promoting integrated risk management (IRM) solutions for the past 4 years.

Can AI Remove The Risk From EHRs?

Smart Data Collective

The post Can AI Remove The Risk From EHRs? When the Obama administration authorized the law that would fund the expansion of electronic health records (EHRs), the idea was that this would transform American healthcare. Records would become readily portable and individuals and their doctors would have easy access to this information when it’s needed most.

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Are You Ready for Some IRM? Gartner’s 2018 Security & Risk Summit Events Span the Globe

John Wheeler

1) State of Risk Management, 2018 . Risk management continues to be an area of growing maturity and investment for most organizations, as the risk landscape becomes increasingly complex and interconnected. 2) How IRM Fits Into a Digital Risk Management Solution Stack.

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IRM Is Essential for Digital Transformation Success

John Wheeler

Last week, I had the distinct privilege to join my Gartner colleagues from our Risk Management Leadership Council in presenting the Q4 2018 Emerging Risk Report. We hosted more than 500 risk leaders across the globe in our exploration of the most critical risks.

Governance in Healthcare: Beyond Compliance, Risk and Analytics

Perficient Data & Analytics

Data & Analytics Healthcare Integration & IT Modernization Governance governance analytics healthcare healthcare analytics healthcare compliance healthcare governance healthcare risk

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GRC 2020: The Approaching Year of Final Demise

John Wheeler

Gartner kicked-off it’s global series of 2019 Security & Risk Management Summit Conferences last month in Washington, DC. One of the major trends receiving overwhelming attendee support is GRC (governance, risk and compliance) technology is quickly fading in use.

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AI For Video Editing Software: Do The Benefits Outweigh The Risks?

Smart Data Collective

However, there are other risks from a societal standpoint. There is already a risk that they can prejudicially tent the jury. Critics have raised some valid concerns about the risks of artificial intelligence in video editing.

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4 Reasons Why GRC Is a Useless Term

John Wheeler

It has been 5 years since Gartner embarked on the journey to enhance our coverage of the risk management technology marketplace. These end-user needs and resulting demand led to the definition of a new technology marketplace – integrated risk management (IRM).

KDnuggets™ News 19:n36, Sep 25: The Hidden Risk of AI and Big Data; The 5 Sampling Algorithms every Data Scientist needs to know

KDnuggets

Learn about unexpected risk of AI applied to Big Data; Study 5 Sampling Algorithms every Data Scientist needs to know; Read how one data scientist copes with his boring days of deploying machine learning; 5 beginner-friendly steps to learn ML with Python; and more. KDnuggets 2019 Issues AI Algorithms Beginners Python Risks Sampling

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Top 10 Gartner Emerging Technologies Client Topics for 2019

John Wheeler

In addition to some of the likely topics such as blockchain and AI, we are also seeing great interest in how TSPs can offer better risk management and security capabilities.

Let Your Data Protect You From Supply Chain Risks

Tamr

We have seen that mastered supplier data enriched with various strategic data sources continue to help large enterprises put in place new systems to not only generate additional insights, but mitigate risks of supply chain disruptions that could cost them millions of dollars. This risk is particularly tricky to manage given the current global economy with multiple layers of third-party risks. Identify At-Risk Suppliers Based on Another Supplier’s Performance.

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Supplier Risk Assessment: Now Empowered with Data Science

ScienceSoft

Data science with its deep learning algorithms allows for data-driven assessment of supplier risks. Is this approach good enough to undermine the position of a traditional one? Let’s explore how it works and what its advantages and limitations are

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How Florida International University Identifies and Helps At-Risk Students using Machine Learning

DataRobot

We spoke with two faculty members at Florida International University (FIU) to learn how they address this issue to successfully help at-risk students overcome obstacles in their academic careers.

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IRM Market Visionaries and Challengers Join Forces to Battle Leaders

John Wheeler

In the span of a week, the integrated risk management (IRM) technology market has experienced significant consolidation.

Using Technology to Better Manage Risk in Insurance

Decision Management Solutions

in which he states there are only three levers of value in insurance: Sell More, Manage Risk Better (aka underwriting and adjusting), and Cost Less to Operate. Let’s dive into greater detail on the second lever – Manage Risk Better. One of the most significant ways in which carriers manage risk is through the underwriting, adjustment and pricing process. The use of predictive analytics in the underwriting decision increases the efficiency and consistency of risk evaluation.

Managing Risk in Data Projects

Dataiku

It’s probably safe to say that for at least some of those explorers, the prospect of risk when it comes to data and AI projects is paralyzing, causing them to stay in a phase of experimentation.

Managing Third-Party Risk: Lessons from the Wipro Breach

Sirius Computer Solutions

Third-Party Risk Management Basics. Third-party risk management is the process of analyzing and controlling risks to your company’s data, finances and operations by outside parties. As soon as a portal or credential is shared with these parties, you are at risk.

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GDPR Requires IRM For Fast and Effective Response

John Wheeler

This week, Gartner hosted its annual Security & Risk Management Summit in London and the buzz at the event centered on the new risks associated with the General Data Protection Regulation (GDPR).

Why Leading Software Vendors Are Dumping GRC for IRM

John Wheeler

One of the most common questions I receive from software vendors has to be “what’s the difference between governance, risk and compliance (GRC) and integrated risk management (IRM) solutions?” Also, read more about risk management topics in my latest Gartner research.

2 Success Factors Every Top IRM Tech Solution Must Deliver

John Wheeler

The same can occur for integrated risk management (IRM) technology customers. At the same time, IRM technology must ensure the objectives remain in alignment with the risk management goals of key stakeholders such as the board of directors, senior executives, regulators and investors.

Innovative IRM Solutions Disrupt Outdated GRC Market

John Wheeler

Gartner published its inaugural Magic Quadrant for Integrated Risk Management (IRM) several weeks ago and feedback from end-user customers has been overwhelmingly positive. The question for risk management technology end-users has become “Who will be the last GRC software provider?”

What are the Security Risks of Multi-Cloud Computing?

Nutanix

As if there weren’t enough security risks in the realm of traditional IT, the cloud presents some unique vulnerabilities. The cloud,” although a deceptively singular phrase, is many things and comes in many forms

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