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The passage discusses how big data could impact operational risk management in the future. Traditionally, operational risk has been measured using historical data to build predictive models and calculate economic capital. However, big data is still novel in this field and holds potential. The author proposes some new applications of big data for operational risk based on current research, though literature is limited. Initial big data applications have shown interesting results, and more uses are likely in
- Author
- Janett Cervantes
- Language
- EN