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In the context of deploying a machine learning model for a financial services company, continuous monitoring and maintenance are critical. The company aims to predict customer loan defaults with high accuracy to minimize financial risk. Given the dynamic nature of financial markets and customer behavior, which of the following best explains why continuous monitoring and maintenance are pivotal in this ML solution architecture? Choose the two most correct options.
A
It ensures the model's predictions remain static, providing consistent risk assessments over time.
B
It allows for the early detection of model performance degradation due to changes in customer behavior or market conditions.
C
It is only necessary during the initial deployment phase to ensure the model is functioning as intended.
D
It facilitates the timely retraining of the model with new data to adapt to evolving patterns in loan defaults.
E
Both B and D are correct.