Post by Protiviti Middle East Member Firm

Every time an organisation uses a data-driven model to make decisions, be it pricing, hiring, forecasting, fraud detection - it carries model risk.   That is the risk of making the wrong call because the model was built on flawed assumptions, incomplete data, or a reality that no longer exists. It is not a financial services problem. It is a business problem. The organisations that manage model risk well are the ones that can trust their decisions. Read more: https://lnkd.in/gbDSwBxT #ModelRisk #RiskManagement #AIGovernance #Protiviti