For business leaders, the north star aspiration is to build a “model-driven” business by weaving models into the fabric of business operations. But amidst the rush to become a model-driven business, leaders should ask: Am I doing enough to prevent the real and serious consequences of bad models?
Why? Bad or failing models can have severe consequences for the companies and their customers including brand reputation, financial loss, and personal impact to customers.
This whitepaper, Don't Let Models Derail You, describes how and why models can turn bad, reviews instructive use cases of model-risk prevention, and provides actionable recommendations for business leaders who want to help their organizations prevent fallout from bad models.