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Reclaiming the stories that algorithms tell

O'Reilly on Data

These scores go on student report cards, and are a frequent topic at parent-teacher conferences. Ever since 1989, the state has periodically published a report card that rates each surgeon, by name, based on how many of that surgeon’s patients died in hospital or within 30 days after coronary artery bypass surgery.

Risk 360
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5 ways to reduce compliance costs with AI and automation

CIO Business Intelligence

Deloitte estimates that compliance costs for banks have increased by 60% since the financial crisis of 2008, and the Risk Management Association found that 50% of financial institutions spend 6 to 10% of their revenues on compliance. Streamline regulatory reporting.

Risk 145
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If data is the new oil, ISO 20022 is the new gasoline

IBM Big Data Hub

Improving reporting and analytics capabilities through financial services transactions. During the financial crisis in 2008, the trust levels of bank clients dipped. In Europe, it’s been used since 2008 for cross-border payments under the Single Euro Payments Area (SEPA). Evolution of ISO 20022.

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Managing machine learning in the enterprise: Lessons from banking and health care

O'Reilly on Data

After the 2008 financial crisis, the Federal Reserve issued a new set of guidelines governing models— SR 11-7 : Guidance on Model Risk Management. This is similar to recommendations made in a recent report released by The Future of Privacy Forum and Immuta (their report is specifically focused on ML). Image by Ben Lorica.

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CDOs’ biggest problem? Getting colleagues to understand their role

CIO Business Intelligence

That’s according to a recent report based on a survey of CDOs by AWS in conjunction with the Chief Data Officer and Information Quality (CDOIQ) Symposium. One reason the role may be misunderstood, the report says, is because it’s relatively new. Part of expanding influence is helping coworkers and executives to understand the role.

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VMware Cloud on AWS – here today, here tomorrow

CIO Business Intelligence

Unfortunately, there have been false reports that VMware Cloud on AWS may be going away, which is causing unnecessary concern for our loyal customers who have used the service for years. I’m pleased to report the service is alive, available, and continues to support our customers’ strategic business initiatives just as it always has.

Finance 98
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It’s True: Educate a Woman, Educate a Nation

Sisense

Report we took a deep-dive into data from The World Bank and found that countries with a higher rate of female participation in the workforce before the world economic crisis of 2008-2009 were more immune to it and bounced back to grow rapidly after the economic crisis. Download the full report See the interactive dashboard.