Periodic Model Monitoring
Summary
Model Monitoring is the ongoing process of evaluating a model’s performance and operational integrity. It involves tracking model outputs, verifying predictions, and identifying any deviations or anomalies. Continuous monitoring is crucial for detecting issues early, ensuring model accuracy & robustness, and maintaining compliance with evolving regulatory and organizational standards.
Without effective model monitoring, firms risk using models that could make erroneous decisions, potentially causing financial loss, reputational damage, or harming customer trust.
Unfortunately, model monitoring can be a time-consuming exercise and firms are struggling to scale and standardize monitoring across the organization.
In this video we show you how to:
- Organize periodic monitoring as part of a dedicated workflow
- Trigger the execution of a monitoring script
- Automatically generate model findings
- Create an action plan
