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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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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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10 Big Data Examples Showing The Great Value of Smart Analytics In Real Life At Restaurants, Bars, and Casinos

datapine

And while a mere 22% of marketers state that they have a data-driven marketing strategy that is achieving significant results – by leveraging the right insights in the right way, success is inevitable. Doritos and Mountain Dew have both used this strategy with varying levels of success. 4) Consumers Are Deciding The Overall Menu.

Big Data 244
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Rising Tide Rents and Robber Baron Rents

O'Reilly on Data

They published the original Transformer paper (not quite coincidentally called “Attention is All You Need”) in 2017, and released BERT , an open source implementation, in late 2018, but they never went so far as to build and release anything like OpenAI’s GPT line of services. I think not.

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

Smart Data Collective

After a marginal increase in 2015, another steep rise happened in 2016 through 2017 before the volume decreased in 2018 and rose in 2019, and dropped again in 2020. Similarly, in 2018 the volume of breaches dropped to 1.257 billion (from 1.632 billion in 2017), but the records exposed dramatically increased to 471.23 million in 2017).

Testing 130
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Transforming IT for cloud success

CIO Business Intelligence

So Holden, who has been CIO at Halfords — the UK’s largest retailer of motoring and cycling products and services — since 2017, developed a strategy to reorganize his tech team. ASU started its cloud journey a decade ago with experiments, before becoming more strategic and aggressive about cloud adoption when Gonick became CIO in 2017.

IT 134
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Paul Martin: CIOs don’t retire, they go work on boards

CIO Business Intelligence

Two years of pandemic uncertainty and escalating business risk have sharpened the focus of corporate boards on a technology trend once dismissed as just another IT buzzword. I bring the tech and cyber expertise to those boards, and also the digital piece,” adds Martin, a member of the CIO Hall of Fame since 2017. “It