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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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Infor’s Velocity Summit Highlights Multiple Advances and Enhancements

David Menninger's Analyst Perspectives

Infor introduced its original AI and machine learning capabilities in 2017 in the form of Coleman, which uses its Infor AI/ML platform built on Amazon’s SageMaker to create predictive and prescriptive analytics. An innate conservatism, aversion to risk and the need to ensure complete accuracy are the human factors at work in this delay.

Finance 130
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Chart Snapshot: Fan Charts

The Data Visualisation Catalogue

The Inflation Report projections: understanding the fan chart — By Erik Britton, Paul Fisher and John Whitley of the Bank’s Conjunctural Assessment and Projections Division. Fan charts around GDP projections based on probit models of downturn risk — OECD CPI inflation projection & GDP projection for May 2017.

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Goodbye Oracle Discoverer, Hello Next-Generation Reporting

Jet Global

User interfaces for ERP reporting tools are most often built with IT staff in mind, not the end user. Such is the case with Oracle Discoverer, one of the primary reporting tools in the Oracle ecosystem. Note that extended support for Oracle Discoverer ended in 2017. Real-Time Reporting Solutions for Oracle EBS.

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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 97
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Nutanix acquisition rumors highlight need for managing vendor risk

CIO Business Intelligence

Rumored buyers have included IBM, Cisco, and Bain itself, and in December 2022 reports named HPE as a potential acquirer of Nutanix. We’ve already seen what happened when HPE bought hyperconverged infrastructure vendor SimpliVity back in January 2017. Mergers and Acquisitions, Risk Management, Vendor Management.

Risk 52
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NASA overspent $15 million on unused Oracle licenses as it failed to track usage

CIO Business Intelligence

All Posts The US National Aeronautics and Space Administration (NASA) has overspent about $15 million on Oracle software over the past five years because it lacked a centralized software asset management practice, according to an audit report published by the space agency’s office of the inspector general (OIG).

IT 122