article thumbnail

Model Risk Management And the Role of Explainable Models(With Python Code)

Analytics Vidhya

The post Model Risk Management And the Role of Explainable Models(With Python Code) appeared first on Analytics Vidhya. This article was published as a part of the Data Science Blogathon. Photo by h heyerlein on Unsplash Introduction Similar to rule-based mathematical.

article thumbnail

Gaussian Naive Bayes Algorithm for Credit Risk Modelling

Analytics Vidhya

Banks rapidly recognize the increased need for comprehensive credit risk […]. The post Gaussian Naive Bayes Algorithm for Credit Risk Modelling appeared first on Analytics Vidhya.

Risk 271
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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
article thumbnail

Flood Risk Assessment Using Digital Elevation and the HAND Models

Analytics Vidhya

As climate change increases the frequency of extreme weather conditions, such as droughts and floods, contingency planning and risk assessment are becoming increasingly crucial for managing such events. This article […] The post Flood Risk Assessment Using Digital Elevation and the HAND Models appeared first on Analytics Vidhya.

Risk 208
article thumbnail

New Buyer's Guide for Supply Chain Network Design

Many companies are looking to redesign their supply chain network to lower costs, improve service levels and reduce risks in the new year. Scenario modeling is emerging as a key capability. To do this, teams are finding that they need to perform network assessments more regularly and in-house.

article thumbnail

OpenAI CEO Urges Lawmakers to Regulate AI Considering AI Risks

Analytics Vidhya

He took a moment to express his apprehension about the risks associated with increasingly powerful models. He […] The post OpenAI CEO Urges Lawmakers to Regulate AI Considering AI Risks appeared first on Analytics Vidhya.

Risk 288
article thumbnail

Breaking Down Social Bias in Artificial Intelligence Algorithms for Cardiovascular Risk Assessment

Analytics Vidhya

Cardiovascular disease (CVD) prevention is crucial for identifying at-risk individuals and providing timely intervention. However, traditional risk assessment models like the Framingham Risk Score (FRS) have shown limitations, particularly in accurately estimating risk for socioeconomically disadvantaged populations.

Risk 271
article thumbnail

Successful Change Management with Enterprise Risk Management

Speaker: William Hord, Vice President of ERM Services

In this webinar, you will learn how to: Outline popular change management models and processes. When an organization uses this information aggregately and combines it into a well-defined change management process, your ability to proactively manage change increases your overall effectiveness. Organize ERM strategy, operations, and data.

article thumbnail

Trusted AI 102: A Guide to Building Fair and Unbiased AI Systems

The risk of bias in artificial intelligence (AI) has been the source of much concern and debate. These risks undermine the underlying trust in AI and affect your organization’s ability to deliver successful AI projects, unhindered by potential ethical and reputational consequences.

article thumbnail

Supply Chain Network Design: The Ultimate Use Cases eBook

Modeling your base case. Modeling carbon costs. Network design for risk and resilience. Creating a strategic digital twin (digital representation) of your supply chain network. Optimizing your supply chain based on costs and service levels. Dealing with multiple capacity constraints. Diversifying sourcing and manufacturing.

article thumbnail

LLMOps for Your Data: Best Practices to Ensure Safety, Quality, and Cost

Speaker: Shreya Rajpal, Co-Founder and CEO at Guardrails AI & Travis Addair, Co-Founder and CTO at Predibase

Large Language Models (LLMs) such as ChatGPT offer unprecedented potential for complex enterprise applications. However, productionizing LLMs comes with a unique set of challenges such as model brittleness, total cost of ownership, data governance and privacy, and the need for consistent, accurate outputs.