Remove 2017 Remove Measurement Remove Risk
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How Insurance Companies Use Data To Measure Risk And Choose Rates

Smart Data Collective

Here is the type of data insurance companies use to measure a client’s potential risk and determine rates. Traditional data, like demographics, continues to be a factor in risk assessment. Teens and young adults are less experienced drivers and, therefore, at risk for more car accidents. Demographics. This includes: Age.

Insurance 137
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Accelerating AI at scale without sacrificing security

CIO Business Intelligence

Unfortunately, implementing AI at scale is not without significant risks; whether it’s breaking down entrenched data siloes or ensuring data usage complies with evolving regulatory requirements. Similarly, in 2017 Equifax suffered a data breach that exposed the personal data of nearly 150 million people.

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What are model governance and model operations?

O'Reilly on Data

A catalog of validation data sets and the accuracy measurements of stored models. Measuring online accuracy per customer / geography / demographic group is important both to monitor bias and to ensure accuracy for a growing customer base. Related to this is the need to monitor bias, locality effects, and related risks.

Modeling 249
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Streaming Market Data with Flink SQL Part II: Intraday Value-at-Risk

Cloudera

These interactions are captured and the resulting synthetic data sets can be analysed for a number of applications, such as training models to detect emergent fraudulent behavior, or exploring “what-if” scenarios for risk management. Value-at-Risk (VaR) is a widely used metric in risk management. Intraday VaR. Citations. [1]

Risk 99
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Top 10 Analytics And Business Intelligence Trends For 2020

datapine

This is one of the major trends chosen by Gartner in their 2020 Strategic Technology Trends report , combining AI with autonomous things and hyperautomation, and concentrating on the level of security in which AI risks of developing vulnerable points of attacks. The fact is that it is and will affect our lives, whether we like it or not.

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Vendor Security is Key to Preventing Future Data Breaches

Smart Data Collective

Unfortunately, there are often many weak links in the data security infrastructure, which can increase the risks of data breaches. However, the Identity Theft Resource Center reports a 68% increase in data breaches at corporations in 2021, surpassing the previous record rise of 23% in 2017.

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Agile Technology and Big Data Improve the State of Cybersecurity

Smart Data Collective

The risk of data breaches is rising sharply. The number increased 56% between 2017 and 2018. Cybersecurity experts are using data analytics and AI to identify warning signs that a firewall has been penetrated, conduct risk scoring analyses and perform automated cybersecurity measures.

Big Data 126