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XAI: Accuracy vs Interpretability for Credit-Related Models

Analytics Vidhya

When too much risk is restricted to very few players, it is considered as a notable failure of the risk management framework. […]. The post XAI: Accuracy vs Interpretability for Credit-Related Models appeared first on Analytics Vidhya.

Modeling 395
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How Big Data Analytics & AI Combined can Boost Performance Immensely

Smart Data Collective

Business analytics. According to a study, 97% of businesses invest in big data and AI. This is where business analytic specialists come in. These types of specialists can also present their product or service to investors and potential customers with the help of AI and big data analytics. Identifying risks.

Big Data 122
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Your Effective Roadmap To Implement A Successful Business Intelligence Strategy

datapine

Improved risk management: Another great benefit from implementing a strategy for BI is risk management. With this issue in mind, the BI industry has developed multiple solutions that rely on data visualizations to give a more friendly and intuitive approach to business analytics. Pursue a phased approach.

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Rebalancing through Recalibration: CIOs Operationalizing Pandemic-era Innovation

CIO Business Intelligence

The technology initiatives that are expected to drive the most IT investment in 2023 security/risk management, data/business analytics, cloud-migration, application/legacy systems modernization, machine learning/AI, and customer experience technologies.

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What Are the Industries That Benefit Most from Big Data?

Smart Data Collective

FinTech, as a whole, relies mostly on Big Data , helping the industry overcome regulatory obstacles and create innovative solutions such as virtual banking assistants and risk management tools for trading. Public services. Until not that long ago, Government and public services were largely bureaucratic.

Big Data 106
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State of the CIO, 2023: Building business strategy

CIO Business Intelligence

For example, underwriters used to toggle between nearly a dozen tools to get their job done — today they use one streamlined tool with all relevant information at their fingertips to make better decisions while understanding risks, Soni says. Leveraging data, advanced analytics, and AI is top priority across the board.

Strategy 109
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How to Leverage Machine Learning for AML Compliance

BizAcuity

Anti-Money Laundering (AML) is increasingly becoming a crucial branch of risk management and fraud prevention. In fact, online casinos as an industry carries the biggest risk of money laundering. For predictive analytics to deliver high accuracy, a lot depends on the combination of domain knowledge and technical expertise.