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Data center provider fakes Tier 4 data center certificate to bag $11M SEC deal

CIO Business Intelligence

According to the indictment, Jain’s firm provided fraudulent certification documents during contract negotiations in 2011, claiming that their Beltsville, Maryland, data center met Tier 4 standards, which require 99.995% uptime and advanced resilience features.

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What is Model Risk and Why Does it Matter?

DataRobot Blog

This provides a great amount of benefit, but it also exposes institutions to greater risk and consequent exposure to operational losses. The stakes in managing model risk are at an all-time high, but luckily automated machine learning provides an effective way to reduce these risks.

Risk 111
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Sustainable Petrochemical Company Expands Risk-Based Inspection Philosophy

CIO Business Intelligence

To illustrate, from 2011 to 2021, IVL collected over 72 billion post-consumer PET bottles for recycling, which prevented 1.6 About four years ago, IVL expanded the use of risk acceptance at its PNO facility in Texas to establish next-inspection plans. million tons of plastic waste from going to landfill and reduced 2.4

Risk 98
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Becoming a machine learning company means investing in foundational technologies

O'Reilly on Data

Consider deep learning, a specific form of machine learning that resurfaced in 2011/2012 due to record-setting models in speech and computer vision. The technologies I’ve alluded to above—data governance, data lineage, model governance—are all going to be useful for helping manage these risks. Managing risk in machine learning”.

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Automating Model Risk Compliance: Model Development

DataRobot Blog

Addressing the Key Mandates of a Modern Model Risk Management Framework (MRM) When Leveraging Machine Learning . The regulatory guidance presented in these documents laid the foundation for evaluating and managing model risk for financial institutions across the United States.

Risk 64
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The Growing Importance Of Data Collection For Customer Service

Smart Data Collective

Back in 2011, my colleagues and I first started discussing the evolving standards of customer service in business. Of course, there is also the risk that customers may forget about appointments, which leads to lost revenue. Big data is crucial for any organization that wants to attract and retain customers.

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SAP and IBM under scanner of Indian investigative agency for Air India deal

CIO Business Intelligence

India’s premier investigating agency, the Central Bureau of Investigation (CBI), has filed a charge sheet against former Air India Chief Managing Director, SAP India, and IBM India for alleged irregularities in acquiring an ERP solution by Air India in 2011. Enterprise Applications, IBM, SAP