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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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Generative AI to be a key priority for senior IT leaders: Salesforce report

CIO Business Intelligence

Launched in 2016, Salesforce Einstein is an integrated set of AI technologies that brings artificial intelligence into all Salesforce products, which the company says ultimately provides customers with more personalized and predictive experiences. However, she also warned that the technology is not without new risks and challenges.

Reporting 105
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Eye of the Beholder

O'Reilly on Data

In 2018, Reuters reported that Amazon had scrapped an AI recruiting tool that had developed a bias against female applicants. In 2016, Microsoft’s Tay chatbot was shut down after making racist and sexist comments. We need to think about the risks and about how much someone would be harmed when the AI makes a mistake.”

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8 Ways to Fine-tune your SQL Queries (for production databases)

Sisense

In organizations that operate without a data warehouse or separate analytical database for reporting, the only source of the latest and up-to-date data may be in the live production database. Taxing the production database for exploratory or duplicative reports is an unnecessary risk. FROM Customers. INNER JOIN Sales.

Sales 111
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The NIS2 Directive: why cyber-resilience is the new normal for European organisations

CIO Business Intelligence

While the original NIS1 Directive of 2016 was viewed as a major evolution in cybersecurity regulation, a lot has changed since then, particularly assumptions about the risk posed by an expanding range of cyberattacks. At that time, cybersecurity was seen primarily as a problem faced by individual organizations.

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Rising Tide Rents and Robber Baron Rents

O'Reilly on Data

Since launching its Marketplace advertising business in 2016, Amazon has chosen to become a “pay to play” platform where the top results are those that are most profitable for the company. Yet many of the most pressing risks are economic , embedded in the financial aims of the companies that control and manage AI systems and services.

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Generative AI’s killer enterprise app just might be ERP

CIO Business Intelligence

The use of gen AI with ERP systems is still in its early days, but the combination is expected to provide several benefits, including helping employees create specialized ERP functionality on their own through code wizards, says Liz Herbert, a Forrester analyst and lead author of the report, “ How Generative AI Will Transform ERP.”