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What is Model Risk and Why Does it Matter?

DataRobot Blog

In 2011, the Federal Reserve Board (FRB) and the Office of Comptroller of the Currency (OCC) issued a joint regulation specifically targeting Model Risk Management (respectively, SR 11-7 and OCC Bulletin 2011-12 ). The regulators have provided a universal definition that has been adopted across the financial industry.

Risk 111
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What Are the Most Important Steps to Protect Your Organization’s Data?

Smart Data Collective

Based on figures from Statista , the volume of data breaches increased from 2005 to 2008, then dropped in 2009 and rose again in 2010 until it dropped again in 2011. One of the best solutions for data protection is advanced automated penetration testing. The instances of data breaches in the United States are rather interesting.

Testing 127
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Automating Model Risk Compliance: Model Validation

DataRobot Blog

When the FRB’s guidance was first introduced in 2011, modelers often employed traditional regression -based models for their business needs. This may be accomplished through a wide variety of tests, to develop a deeper introspection into how the model behaves. Conclusion.

Risk 52
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A blazingly fast database in a data-driven world

IBM Big Data Hub

We founded MemSQL (the original name of SingleStore) in 2011. Around 2011, we worked with a hot gaming company with a real-time analytics use case to understand what their users were doing in the moment to optimize the gaming experience by monitoring how users interacted with the game.

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Estimating causal effects using geo experiments

The Unofficial Google Data Science Blog

Similarly, we could test the effectiveness of a search ad compared to showing only organic search results. Structure of a geo experiment A typical geo experiment consists of two distinct time periods: pretest and test. After the test period finishes, the campaigns in the treatment group are reset to their original configurations.

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Diversity for Businesses: What happens if Diversity is at odds with the organization?

Jen Stirrup

For the leaders, the simplest option can simply be doing nothing, but let someone run around burning themselves out so that eventually it becomes a test of patience and stamina, rather than a test of what is right and wrong. Office for National Statistics (2015) Gender Pay Gap. The Diversity Management Perspective.

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The Lean Analytics Cycle: Metrics > Hypothesis > Experiment > Act

Occam's Razor

Sometimes, we escape the clutches of this sub optimal existence and do pick good metrics or engage in simple A/B testing. Testing out a new feature. Identify, hypothesize, test, react. But at the same time, they had to have a real test of an actual feature. You don’t need a beautiful beast to go out and test.

Metrics 157