Hoe data science richting geeft aan operationeel risicomanagement
Kortcyclisch experimenteren en innoveren in een tijdelijke samenwerking als gelijkwaardige partners. Dat dit een krachtig middel is om snel tot nieuwe inzichten te komen, blijkt uit onze recente samenwerking met De Volksbank. Operationeel risicomanagement (ORM) De Volksbank moet jaarlijks over de belangrijkste operationele risico’s rapporteren. Een dergelijke inschatting bestaat uit een tekstuele beschrijving van een […]
Opinion Blog – Add fairness to Data Quality Framework!
Proper data quality frameworks (DQFs) today monitor a range of data quality dimensions, such as: completeness, accuracy, validity, timeliness, accessibility and consistency. But not many DQFs measure fairness in the sense of historical biases which may be undesired to keep or even enlarge in the future. This could lead to untrustworthy learning algorithms or AI […]
How will the EBA guidelines on loan origination and monitoring support the bank during the crisis?
Banks are currently busy with helping their clients in implementing all kind of measures to ease the pain of the current crisis. Also, our government provides subsidy and/or guarantees on bank loans to companies who are affected by the lockdown. To cut things short, all the departments within the banks are pretty much occupied with […]
In a world where customer demand is changing rapidly and customer loyalty is becoming volatile, it is crucial for companies to identify their best customers, understand the needs of these costumers and adjust their strategy based on these customer insights. In other words, Customer Analytics is the way forward! Customer Analytics is about understanding your […]
Models Behaving Badly?
1-minute version In 2011 Emanuel Derman wrote his book Models Behaving Badly: In general models do not perform well in financial crises. Risk and finance department will face a challenge in maintaining their behavioural models since these models are usually calibrated on ‘normal times’. Behavioural models play a crucial role in, among others, ALM, pricing, […]
How will COVID-19 affect banks?
On 19 March, Kees van Dijkhuizen, chairman of the board of ABN AMRO, stated that banks will be part of the solution for the current crisis. Together with ING, Rabobank, de Volksbank and Triodos Bank, they decided to give companies affected by the COVID-19 a six-month delay in loan repayment. Initially, it concerns loans of […]
Restarting regular care
With our complementary knowledge and expertise BeBright and Amsterdam Data Collective help hospitals and other caregivers with their new challenge of restarting regular care as soon as possible. The outbreak of COVID-19 has made a lot of impact on the regular care. To liberate the scarce resources hospitals have cancelled half of the regular non-acute […]
Number 1 online retailer 2020
December feels already long behind with high (online) sales due to the holidays season. These sales are traditionally linked in The Netherlands with the race for gifts for Sinterklaas and Christmas. Lately a number of initiatives coming from abroad have been giving an extra boost to those sales. Black Friday is the day after Thanksgiving […]
A sustainable choice by AI
We built a database with 2000+ clothing brands with a sustainability rating. In this article, we walk you through the interesting parts of the process. This is how we help to make a sustainable choice in clothing. The code is available open source for you to explore and improve. The fashion industry is impactful, let’s […]
Data science: why use it?
People often ask me what ‘data science’ actually is. At Amsterdam Data Collective (ADC), data science has a broad meaning: it is everything that has to do with the process of retrieving useful information from data, as well as editing and presenting that data. Some experts in data science will put the emphasis on the […]