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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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Deepfakes Security Risks

KDnuggets

Deepfakes have instilled panic in experts since they first emerged in 2017. Microsoft and Facebook have recently announced a contest to identify deepfakes more efficiently.

Risk 109
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AI for Climate Change and Weather Risk

DataRobot Blog

The DataRobot AI Cloud Platform can also help identify infrastructure and buildings at risk of damage from natural disasters. In 2017, Hurricane Harvey struck the U.S. The post AI for Climate Change and Weather Risk appeared first on DataRobot AI Cloud. Gulf Coast and caused approximately $125 billion in damage. Learn more.

Risk 52
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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 107
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Cybersecurity On Call: Goodbye 2017, Hello 2018! Top Five Tips from 2017

Cloudera

Below are the full episodes, if you want to listen to just the top tips please skip down to the “Top Five Tips from 2017” episode below. The post Cybersecurity On Call: Goodbye 2017, Hello 2018! Top Five Tips from 2017 appeared first on Cloudera Blog. Cybersecurity in Government with Dr. Ron Ross.

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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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Chart Snapshot: Fan Charts

The Data Visualisation Catalogue

Fan charts around GDP projections based on probit models of downturn risk — OECD CPI inflation projection & GDP projection for May 2017. Fan charts for pre-crisis forecasts of OECD-wide GDP growth, June 2008 forecast.