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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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AI Governance: Break open the black box

IBM Big Data Hub

Today, AI presents an enormous opportunity to turn data into insights and actions, to amplify human capabilities, decrease risk and increase ROI by achieving break through innovations. IBM Global AI Adoption Index 2022.). Manual processes that introduce risk and make it hard to scale. Challenges around managing risk.

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Tips to Protect Office 365 Systems from Data Breaches

Smart Data Collective

In 2022, over 422 million individuals were affected by over 1,800 data breaches. According to the Identity Theft Resource Center’s 2022 Data Breach Report, the number of data breaches decreased slightly in 2022 from the number reported in 2021. Data breaches have become frighteningly common in recent years.

Risk 89
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Weighing the risks of moving too fast with gen AI

CIO Business Intelligence

“And there are dangers of moving too fast,” including bad PR, compliance or cybersecurity risks, legal liability, or even class-action lawsuits. Even if a gen AI failure doesn’t rise to the level of major public embarrassment or lawsuits, it can still depress a company’s risk appetite , rendering it hesitant to launch more AI projects.

Risk 137
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What is enterprise architecture? A framework for transformation

CIO Business Intelligence

Unlike other frameworks, EA doesn’t include a formal documentation structure; instead, it’s intended to offer a more holistic view of the enterprise. EA is also used in systems development, IT management and decision-making, and IT risk management to eliminate errors, system failures, and security breaches.

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Improving ESG performance in financial services on Microsoft Cloud

CIO Business Intelligence

One 2022 study found that organizations placing greater emphasis on ESG over the previous three years saw revenues increased by almost 10%, compared to 4.5% Leadership teams are also learning that ESG initiatives can boost business performance. Technology can help banks and other financial institutions overcome these hurdles.

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20 issues shaping generative AI strategies today

CIO Business Intelligence

The adoption curve here is by no means gradual, with most enterprise leaders quickly working to harness the technology’s potential mere months after the November 2022 launch of gen AI tool ChatGPT kicked off a wave of enthusiasm (and worry). Douglas Merrill, a partner at management consulting firm McKinsey & Co.,