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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The Fourth Industrial Revolution Risks Leaving Women Behind


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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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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Data Scalability Raises Considerable Risk Management Concerns

Smart Data Collective

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. Tips for Improving Risk Management When Handling Big Data. Vendor Risk Management (VRM).

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

How to accept and mitigate risk. If you want to build what matters, you can't move forward blindly. But to make progress, you can't let things slow to a crawl while you focus resources on gathering data. This is where continuous discovery and experimentation come in.

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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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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Managing mortgage risk in an uncertain world


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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FP&A Digital Transformation: Balancing Risk & Outcomes


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.

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.

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Executive Report: The Customer Data Too Often Overlooked by the C-Suite

expectations risks losing its customers to a. new ideas or they risk being left behind. New Study Reveals Reliance on Too Few. Data Sources; Organizations Likely Missing. Opportunities to Meet the Real Needs of.

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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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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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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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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What are the Security Risks of Multi-Cloud Computing?


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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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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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).

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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.

Supplier Risk Assessment: Now Empowered with Data Science


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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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.

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


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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Let Your Data Protect You From Supply Chain Risks


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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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.

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.

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).

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?”

Munich Re: How Data and AI Reduce Risk from Global Calamities

Bruno Aziza

How one firm is leveraging data and analytics to address catastrophic events. ai-big-data

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Recent Cyber Attacks Demonstrate Why IRM is Critical for ERM Success

John Wheeler

So, how can these emerging risks be managed to limit the amount of business disruption? ERM programs typically are effective for companies looking to better understand their strategic risks (particularly their financial and reputational risks that can result in catastrophic business failure).

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What Ever Happened to GRC?

John Wheeler

In our ongoing coverage of Integrated Risk Management (IRM) technology and service providers, the relevance and frequency of client inquiry related to Governance, Risk & Compliance (GRC) continues to decline.

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Take Heed or Risk Being Out of Support: IBM FileNet ECM Upgrade

Perficient Data & Analytics

Users will need to either upgrade their ECM infrastructure by April 30, 2019, purchase extended support, or risk losing support. IBM released a new version of FileNet Content Manager, version 5.5, and will end support for all previous versions. You may be thinking, “That’s a little less than a year away. I’ve got time.” But there’s a catch. Users who are behind on previous upgrades and aren’t running version 5.2.x will have to perform back-to-back upgrades.

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Venture Capitalists Seek to Minimize Risk. So, Where Are All the Female- Led VC Funded Start-ups?

Rita Sallam

Broader diversity paired with a culture of inclusion are associated with better outcomes for business performance and innovation and should contribute to a perception of lower risk for investors. Unconscious bias creates a distorted perception of risk. VC firms tend to avoid risk, and therefore, they invest in people in familiar social networks. When will they view diversity as a way mitigate rather than add to their risk? Ever heard of the Medici Effect?

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Data Preparation and Data Mapping: The Glue Between Data Management and Data Governance to Accelerate Insights and Reduce Risks


And there’s control of that landscape to facilitate insight and collaboration and limit risk. The post Data Preparation and Data Mapping: The Glue Between Data Management and Data Governance to Accelerate Insights and Reduce Risks appeared first on erwin, Inc.

Stop Talking About Security When What You Mean Is Risk

Bruno Aziza

Most business cyber defenses were designed for a world that no longer exists. The days when business users communicated only within the boundaries of the enterprise network are long gone. You can’t stop users from introducing devices and applications, but you can protect your most critical assets

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Data Privacy Advocates Must Avoid GDPR Complacency at All Costs

Smart Data Collective

Consumers need to be aware of the risks and take appropriate measures. Data privacy risks remain a concern after the passage of the GDPR. However, there are still important privacy risks that consumers need to be aware of. Some of the biggest risks are listed below.

Using Strategic Data Governance to Manage GDPR/CCPA Complexity


Identify regulatory risks and guide the fortification of network and encryption security standards and policies by understanding where all personally identifiable information is stored, processed and used.

Users, not Hackers, are the Biggest Security Risk

Jim Harris

In many cases, it’s users, not hackers, that are the biggest security risk. According to a recent article in the New York Times , “half of American adults had their personal information exposed to hackers last year alone. As more and more services , infrastructure , and personal information move online, they have all become targets for hackers, who constantly scan the Internet for potential security holes and entry points.”

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