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Managing risk in machine learning

O'Reilly on Data

Fortunately there are members of our data community who have been thinking about these problems. One important change outlined in the report is the need for a set of data scientists who are independent from this model-building team. “How How to build analytic products in an age when data privacy has become critical”.

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Is Your Privacy at Risk? How Fog Data Science Trades Location Data

Analytics Vidhya

Fog Data Science compiles an extensive database of user location information by purchasing raw geolocation data collected by various smartphone and tablet applications. This collected data is then sold to advertisers, marketing companies, and law […] The post Is Your Privacy at Risk?

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The Growing Importance Of Data Collection For Customer Service

Smart Data Collective

Of course, there is also the risk that customers may forget about appointments, which leads to lost revenue. Fortunately, big data can minimize the cost of appointment errors. New scheduling tools use big data to address these types of challenges. Scheduling errors are a major example.

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Data Loss: Hazards, Risks and Strategies for Prevention

Smart Data Collective

Regular saving of work and plans for the systematic backing up of data should be part of the workflow procedures of any enterprise. However, enterprises should be prepared for the worst-case scenario, such as a catastrophic network failure, which can cause the entire data collection of a company to disappear completely.

Risk 143
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Top overlooked GenAI security risks for businesses

CIO Business Intelligence

But adding these new capabilities to your tech stack comes with a host of security risks. For executives and decision-makers, understanding these risks is crucial to safeguarding your business. Data breaches and invasive data collection AI systems can be exploited to gain unauthorized access to private data.

Risk 126
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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. Occupation.

Insurance 137
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Oracle’s $115 million privacy settlement could change industry data collection methods

CIO Business Intelligence

“Oracle ultimately produced over 160,000 pages of responsive documents to Plaintiffs, as well as over 283 videos consisting largely of internal discussions of the technical operation of Oracle’s data collection and use practices, spanning approximately 173 hours,” the filing said.