DataRobot Blog

MAY 26, 2022

In this post, we will dive deeper into how members from both the first and second line of defense within a financial institution can adapt their model validation strategies in the context of modern ML methods. The decreasing default risk with increasing salary suggests that higher income applicants pose less credit risk to the bank.

Risk 52

Risk Modeling Metrics Business Objectives 52

CIO Business Intelligence

MAY 9, 2024

They should lead the efforts to tie AI capabilities to data analytics and business process strategies and champion an AI-first mindset throughout the organization. Companies want candidates who can drive innovation, deliver meaningful business results, and work closely with other leaders to manage risks.

Risk Management 138

Risk Management Risk Cost-Benefit Technology 138

CIO Business Intelligence

APRIL 12, 2024

Representatives from Goldman Sachs, JP Morgan Chase, and Morgan Stanley did not immediately respond to requests for comment on their companies’ plans to implement AI or its potential to change their hiring strategies.

Experimentation 143

Experimentation Reporting Testing Statistics 143

CIO Business Intelligence

MARCH 15, 2022

Artificial data has many uses in enterprise AI strategies. Synthetic data that looks like real data but isn’t allows software to be tested across the full gamut of use cases without putting real data at risk. “If Synthetic data use cases.

Strategy 145

Strategy Testing Sales Modeling 145

Smart Data Collective

SEPTEMBER 2, 2023

With better benchmarks, KPIs, and statistics , business leaders can better understand their environments and ultimately make more objective, logical decisions. This is an especially important risk to acknowledge when presenting or interpreting data in ways that can potentially skew it. Misleading conclusions. Ignorance of outliers.

Key Performance Indicator 113

Key Performance Indicator Statistics Metrics Interactive 113

Smart Data Collective

AUGUST 31, 2023

As cyber attacks become more sophisticated, organizations must invest in resilient disaster recovery strategies to safeguard their operations and maintain business continuity.” Statistics security issues are growing as more businesses shift their information to the cloud.

Risk 107

Risk Measurement Strategy Data-driven 107

datapine

JANUARY 24, 2021

It is not just important to gather all the existing information, but to consider the preparation of data and utilize it in the proper way, has become an indispensable value in developing a successful business strategy. For example, you need to develop a sales strategy and increase revenue. Today, big data is about business disruption.

IT 317

IT Statistics KPI Data-driven 317

bridgei2i

MAY 27, 2021

In the latest episode of ‘The Data Strategy Show’, host Samir Sharma engages Prithvijit(Jit) Roy and Pritam K Paul, Co-Founders of BRIDGEi2i, in a riveting discussion. They discuss the benefits of design thinking; how business partners brainstorming together improves decision-making and creates a holistic strategy.

Statistics 98

Statistics Digital Transformation Data Processing Forecasting 98

bridgei2i

OCTOBER 7, 2020

Adoption of Automated Sales & Underwriting Strategies can Transform Insurance. Assessing risk is a manual process and takes a lot of time. Sometimes due to excessive volume of data, an underwriter can get confused and is unable to measure risk appropriately. The insurance industry—which, in the US alone, stands at $1.2

Insurance 52

Insurance Sales Strategy Digital Transformation 52

Smart Data Collective

JULY 16, 2023

The Imperative of Risk Mitigation A crucial element in the world of financial investments is effective hedge fund management. Optimizing hedge fund performance requires the implementation of intelligent strategies, from managing risks to maximizing returns, improving investor relations, and adapting to shifting market conditions.

ROI 71

ROI Data Analytics Analytics Risk Management 71

Smart Data Collective

FEBRUARY 23, 2023

By analyzing data and extracting useful insights, brands can make informed decisions to optimize their branding strategies. It involves using statistical algorithms and machine learning techniques to identify trends and patterns in the data that would otherwise be difficult to detect. What is Data Mining?

Data mining 126

Data mining Optimization Technology Marketing 126

O'Reilly on Data

NOVEMBER 29, 2022

While it’s unlikely that the bill will become law, merely raising the possibility of criminal prosecution and jail time has upped the ante for “ commercial entities that operate high-risk information systems or automated-decision systems, such as those that use artificial intelligence or machine learning.”.

Machine Learning 281

Machine Learning Recreation/Entertainment Risk Testing 281

Smart Data Collective

JUNE 8, 2023

Sports leagues and teams are using analytics to estimate turn out at various sporting events, predict the performance of individual athletes, identify ways that athletes can improve their performance and improve marketing strategies. We have mentioned that golf players have used data analytics to improve performance.

Data Analytics 82

Data Analytics Analytics Data Collection Statistics 82

Smart Data Collective

OCTOBER 8, 2023

It is an interdisciplinary field, combining computer science, statistics , mathematics, and business intelligence. By analyzing trends, patterns, and relationships within data, attorneys can derive insights to fortify their case strategy and enhance their legal argument. Bias Risks Another risk lies in the potential for bias.

Data Analytics 93

Data Analytics Analytics Statistics Data Collection 93

Rocket-Powered Data Science

JULY 19, 2023

This was not a scientific or statistically robust survey, so the results are not necessarily reliable, but they are interesting and provocative. Observability represents the business strategy behind the monitoring activities. These may not be high risk. They might actually be high-reward discoveries.

Data-driven 188

Data-driven Enterprise Analytics Machine Learning 188

FineReport

MARCH 24, 2024

Data analysts contribute value to organizations by uncovering trends, patterns, and insights through data gathering, cleaning, and statistical analysis. They identify and interpret trends in complex datasets, optimize statistical results, and maintain databases while devising new data collection processes.

Statistics 52

Statistics Data mining Visualization Reporting 52

CIO Business Intelligence

NOVEMBER 7, 2023

As the end of 2023 approaches, it becomes imperative to assess the current landscape of cybersecurity threats, explore potential strategies to combat them, and explore the new practice measures that can be taken. Enabling Privileged Access Management: Privileged Access Management (PAM) is critical to any strong cybersecurity strategy.

Measurement 131

Measurement Risk Strategy Statistics 131

CIO Business Intelligence

APRIL 11, 2024

Governments cannot put their head in the sand and ignore change, but they operate in a highly complex, data-sensitive environment and can’t afford to take on fundamental business risks in the name of innovation. You don’t have to risk resiliency to embrace innovation.

Cost-Benefit 106

Cost-Benefit Predictive Analytics Data-driven Risk 106

Smart Data Collective

SEPTEMBER 19, 2022

Statistics show that 93% of customers will offer repeat business when they encounter a positive customer experience. They can also anticipate industry trends, assess risks, and make strategic steps to elevate the customer experience. Improving Risk Assessment. Improving Security. Better UI/UX based on A/B testing.

Big Data 129

Big Data ROI Measurement Risk 129

IBM Big Data Hub

FEBRUARY 13, 2024

Generative AI uses advanced machine learning algorithms and techniques to analyze patterns and build statistical models. Each output is unique yet statistically tethered to the data the model learned from. Invest in data hygiene and collection strategies to keep your engine running smoothly. Garbage in, garbage out.

Enterprise 118

Enterprise Modeling Testing Data-driven 118

CIO Business Intelligence

JANUARY 9, 2024

To get past those points, Colisto worked to educate leaders about the capabilities and risks of AI, seeking to move the company from “no to know.” Similarly, the 2023 US AI Risk Survey Report from professional services firm KPMG found that data integrity was No. What is our appetite for risk and how do we address it?

IT 140

IT Risk Cost-Benefit Enterprise 140

CIO Business Intelligence

JUNE 26, 2023

They also assess risks and resolve any issues that arise throughout a project’s life cycle, often being called on to make difficult decisions regarding complex and competing priorities in an effort to achieve desired project outcomes. In fact, the Bureau of Labor Statistics outlook for project managers is bright.

Management 106

Management Risk Insurance Business Objectives 106

CIO Business Intelligence

APRIL 27, 2023

The CIO typically ranks the highest in an IT department, responsible for managing the organization’s IT strategy, resources, operations, and overall goals. Meanwhile, the CTO focuses on technology research and development efforts, often working closely with the CIO to develop a strong IT strategy.

IT 116

IT Software Risk Management 116

Domino Data Lab

JULY 28, 2021

Through a marriage of traditional statistics with fast-paced, code-first computer science doctrine and business acumen, data science teams can solve problems with more accuracy and precision than ever before, especially when combined with soft skills in creativity and communication. Math and Statistics Expertise.

Data Science 110

Data Science Statistics Recreation/Entertainment Predictive Analytics 110

IBM Big Data Hub

APRIL 9, 2024

. “With the data we’ve prepared we can then calculate the odds of a birdie or an eagle from a particular sector; we can also look across to the opposite side of the fairway for contrastive statistics,” says Baughman. It’s a compromise that delivers the results we need while minimizing risk.”

Management 79

Management IT Machine Learning Metrics 79

IBM Big Data Hub

FEBRUARY 15, 2024

Surface temperature statistics paint a compelling picture of the changing climate: 2023, according to the European Union climate monitor Copernicus, was the warmest year on record—nearly 1.5 Most of those at risk of climate change-linked hunger are in Sub-Saharan Africa, South Asia and Southeast Asia, according to the World Bank.

Insurance 60

Insurance Risk Strategy Risk Management 60

datapine

MARCH 31, 2022

This all-encompassing branch of online data analysis is a particularly interesting field because its roots are firmly planted in two separate areas: business strategy and computer science. The Bureau of Labor Statistics also states that in 2015, the annual median salary for BI analysts was $81,320. BI engineer.

Business Intelligence 239

Business Intelligence Statistics Visualization Data-driven 239

Smart Data Collective

MAY 25, 2023

Recent statistics indicate that 43% of cyberattacks target small businesses, and 60% of the attacked enterprises go out of business in six months. A cybersecurity strategy is essential for protecting employees, corporate, and customers’ confidential data. This reduces the risk of damages associated with breaches.

Internet of Things 89

Internet of Things Cost-Benefit Risk Software 89

CIO Business Intelligence

DECEMBER 20, 2022

According to FEMA, nearly a quarter of businesses never re-open following a major disaster—a sobering statistic. [i] DRaaS also accommodates your required service levels based on data classification, mapping them to the most appropriate recovery strategy. Unfortunately, many businesses learn this lesson the hard way.

Statistics 105

Statistics Risk Strategy Technology 105

Smart Data Collective

MAY 4, 2023

It refers to datasets too large for normal statistical methods. Using Residential Proxies to Collect Data for Your Business In the digital age, data gathering has become an essential part of any business strategy. The Importance of Data Gathering for Businesses Data gathering is an essential part of any business strategy.

Data mining 77

Data mining Big Data Data-driven Measurement 77

DataKitchen

JULY 3, 2023

This innovative approach merges the agility of Agile Development, the stability of DevOps, and the meticulousness of Statistical Process Controls, orchestrating a dynamic, enriched, and nimble data ecosystem that is truly remarkable. Historically, automation has taken center stage in the theater of DataOps.

Testing 130

Testing Risk Data-driven Statistics 130

IBM Big Data Hub

APRIL 22, 2024

We believe there are three core areas that every organization should focus on: sustainability strategy and reporting; energy transition and climate resilience; and intelligent asset, facility and infrastructure management. This approach can help organizations to more easily establish a sustainability strategy across the business.

IoT 78

IoT Internet of Things Cost-Benefit Reporting 78

Smart Data Collective

MAY 8, 2022

From the statistics shown, this means that both AI and big data have the potential to affect how we work in the workplace. By doing this, businesses can form their finance & marketing strategies with the new information they have gathered. Identifying risks. Query Approximation systems and data summaries. Innovations.

Big Data 104

Big Data Data Analytics Analytics Cost-Benefit 104

CIO Business Intelligence

FEBRUARY 13, 2023

The name references the Greek letter sigma, which is a statistical symbol that represents a standard deviation. The process aims to bring data and statistics into the mesh to help objectively identify errors and defects that will impact quality. Six Sigma was trademarked by Motorola in 1993.

Management 97

Management Statistics Manufacturing Measurement 97

CIO Business Intelligence

MARCH 23, 2023

As the world continues to experience economic uncertainty, IT leaders look to tighten budgets, consolidate tools and resources, and generally become more risk-averse when evaluating new investments. Evaluate the risk of doing nothing In addition to ROI, it’s also important to consider the risk of doing nothing.

Scorecard 59

Scorecard Cost-Benefit ROI IT 59

CIO Business Intelligence

AUGUST 24, 2023

Gen AI has the potential to magnify existing risks around data privacy laws that govern how sensitive data is collected, used, shared, and stored. We’re getting bombarded with questions and inquiries from clients and potential clients about the risks of AI.” The risk is too high.” Not without warning signs, however.

Uncertainty 98

Uncertainty Risk Testing Enterprise 98

Smarten

SEPTEMBER 28, 2022

Your business, like every other business in the world, has its own industry, domain and vertical concerns, and these concerns drive your competitive strategy, your products and your services. Businesses must control quality or risk losing customers and market share and exposing the enterprise to legal risk and liability.

Predictive Analytics 52

Predictive Analytics Analytics Predictive Modeling Forecasting 52