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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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INE Security Launches Initiatives to Invest in the Education of Aspiring Cybersecurity Professionals

CIO Business Intelligence

As cyber threats become more sophisticated, educational institutions are compelled to provide their students with the skills necessary to navigate and mitigate these risks effectively. One of the most pressing reasons for advanced cybersecurity training is the sheer scale and global nature of cyber threats.

Testing 108
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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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What are model governance and model operations?

O'Reilly on Data

A catalog or a database that lists models, including when they were tested, trained, and deployed. Model operations, testing, and monitoring. As machine learning proliferates in products and services, we need a set of roles, best practices, and tools to deploy, manage, test, and monitor ML in real-world production settings.

Modeling 194
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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 115
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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 126
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Florida Crystals concentrates SAP in hosting sweet spot

CIO Business Intelligence

When Grayling joined the company in 2017, he focused on business process transformation, which went well as long as the processes concerned didn’t cross the boundary between SAP instances — a challenge he encountered while transforming source-to-pay processes across the two systems by implementing SAP Ariba. It was costing us a lot of money.”