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Why you should care about debugging machine learning models

O'Reilly on Data

That’s where model debugging comes in. Model debugging is an emergent discipline focused on finding and fixing problems in ML systems. In addition to newer innovations, the practice borrows from model risk management, traditional model diagnostics, and software testing. Sensitivity analysis.

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How Big Data Impacts The Finance And Banking Industries

Smart Data Collective

Here are a few of the advantages of Big Data in the banking and financial industry: Improvement in risk management operations. Big Data can efficiently enhance the ways firms utilize predictive models in the risk management discipline. Engaging the Workforce.

Big Data 145
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Transforming IT from cost center to catalyst

CIO Business Intelligence

We envisioned harnessing this data through predictive models to gain valuable insights into various aspects of the industry. This included predicting political outcomes, such as potential votes on pipeline extensions, as well as operational issues like predicting the failure of downhole submersible pumps, which can be costly to repair.

IT 122
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Minding Your Models

DataRobot Blog

At many organizations, the current framework focuses on the validation and testing of new models, but risk managers and regulators are coming to realize that what happens after model deployment is at least as important. Legacy Models. No predictive model — no matter how well-conceived and built — will work forever.

Modeling 105
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Essential skills and traits of chief AI officers

CIO Business Intelligence

And they should have a proficiency in data science and analytics to effectively leverage data-driven insights and develop AI models. This includes skills in statistical analysis, data visualization, and predictive modeling. That helps them ensure that AI initiatives adhere to legal and ethical standards.

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What is Model Risk and Why Does it Matter?

DataRobot Blog

With the big data revolution of recent years, predictive models are being rapidly integrated into more and more business processes. This provides a great amount of benefit, but it also exposes institutions to greater risk and consequent exposure to operational losses. Model Validation – Prior to the use of a model (i.e.,

Risk 111
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CDOs: Your AI is smart, but your ESG is dumb. Here’s how to fix it

CIO Business Intelligence

Highlight how ESG metrics can enhance risk management, regulatory compliance and brand reputation. Predictive modeling can help companies optimize energy consumption, while AI-driven insights can identify supply chain inefficiencies that lead to excessive waste.

IT 59