The Devil Is in the Data: Machine Learning and Data Governance

1/19/21 10:00 AM

Machine-learning models have become increasingly popular among financial institutions, with applications that include fraud detection, loan underwriting, portfolio management, and securities trading. They are beginning to replace traditional explanatory models, which examine the underlying drivers of modeled outcomes. For solving business problems, managers focus on effective results, using reliable predictions or estimates rather than underlying causal relationships.

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Topics: machine learning, data governance, Summit Blog, IT Quarterly

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Complexity simplified.

Summit is a specialized analytics advisory firm that guides clients as they decode their most complex analytical challenges. Our blog highlights the strategies and techniques we use, as well as relevant topics in current events.

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