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Artificial Intelligence and Machine Learning in Risk Management Models

Publisher IDC
Published Mar 20, 2024
Length 5 Pages
SKU # IDC18646756

Description

Artificial Intelligence and Machine Learning in Risk Management Models


This IDC Perspective discusses the benefits and challenges in using risk management models that are developed utilizing AI and ML."Taking advantage of AI and ML capabilities in the risk management model development process can produce significant improvements in model quality and timeliness of model results," says Sean O'Malley, research director, IDC Financial Insights' Worldwide Compliance, Fraud, and Risk Analytics Strategies.

Please Note: Extended description available upon request.

Table of Contents

5 Pages
Executive Snapshot
Situation Overview
Model Development using AI/ML
Use of Additional Data Sources
Data Orchestration
Real-Time Risk Management
Model Risk Management and Model Governance
Transparency and Auditability of Models
Dynamic Model Development
Challenges
Advice for the Technology Buyer
Learn More
Related Research
Synopsis

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