LAS VEGAS & COSTA MESA, Calif. - Monday, 28. October 2024 AETOSWire
Improves data scientist productivity and model monitoring, empowers data analysts to easily query data and write code
(BUSINESS
WIRE)--At this week’s Money 20/20 show in Las Vegas, Experian® today
announced the launch of Experian Assistant, a new generative AI-enabled
solution that greatly accelerates the modeling lifecycle, slashing
model-development timelines from months to days and — in some cases —
hours. Integrated with Experian Ascend Technology Platform™, this
transformative solution empowers users to further leverage their data
for analytics faster and with less effort than ever before.
The
world’s largest financial institutions use Experian Ascend™. In close
collaboration with several customers, Experian Assistant was developed
to offer a deeper understanding of credit and fraud data and provide
criteria and proposals for adding; changing the weight of; or deleting
specific attributes, data, or features to optimize analytical models. In
addition, this innovative solution helped increase internal team
productivity and has resulted in proven cost savings, improved data
visibility and faster product deployment times.
“With Experian
Assistant, there is a lot of efficiency and improvement in
productivity,” said Victor Rwenhumbiza, EVP — Chief Data Scientist at
Continental Finance Company, LLC. “We have reduced the time spent on
data building by almost 75%, so we can build a model much quicker, and
the code being generated by Experian Assistant is very high quality,
enabling us to move forward much faster.”
With Experian’s Ascend
Analytical Sandbox™, Experian Assistant enables businesses across all
sectors to perform data exploration, build and deploy models, monitor
their performance, and increase speed to market to launch new offerings.
The solution increases productivity for data scientists, helping them
work far more efficiently and faster, and accessibility for data
analysts, allowing them to query data and write code through natural
language conversation.
“Using natural language processing to help
with complex use cases, Experian Assistant radically changes the
workflow of data scientists and data analysts alike, enabling our
customers to garner insights and make business decisions with less staff
time invested and with faster turnaround,” said Scott Brown, Group
President Financial and Marketing Services, Experian North America. “We
are providing a tool that empowers our customers to reimagine how they
engage with their data to do anything they want: enhance the consumer
experience, rapidly test and deploy new offerings, improve internal
productivity, spark collaboration across business functions, and so much
more.”
Why it matters
Experian’s research shows it takes 15 months on average to build and deploy a model into production.
Accelerating modeling processes helps avoid delays and maximizes
productivity of scarce, highly trained and critical internal expertise.
Improved ease of access to high-quality data accelerates time to
actionable insights and strengthens the capability to build effective
models.
Efficient resource use and without the need for constant expert intervention lowers expenses.
Evolving regulations require transparency and reliability as modeling technique complexity increases.
Competition for analytics talent is at an all-time high; Experian
Assistant will help a company’s current data scientists and analysts
work more productively.
Experian’s integrated solution
What to expect from this innovative solution:
Supports a natural language interface: interactions in a conversational
manner to better understand the data and how to maximize its use
Provides fast expert recommendations, coding and technical support:
accelerated tactical insight generation, model development and
deployment
Provides deep insights into underlining data tables
and metrics: advanced capabilities support quality insights around
Experian datasets, with an emphasis on credit data and transparent
models
Reduces operational and cloud expenses: minimizes modeling
iterations and compute power by selecting optimal modeling features
Empowers users of all experience levels: leverages Experian Ascend
Technology Platform and analytics tools with coding assistance,
recommendations and deployment support
Reduced risk of penalties:
enhanced regulatory compliance through insights into reporting,
identity management, risk assessment and transaction monitoring
About Experian
Experian
is a global data and technology company, powering opportunities for
people and businesses around the world. We help to redefine lending
practices, uncover and prevent fraud, simplify healthcare, deliver
digital marketing solutions, and gain deeper insights into the
automotive market, all using our unique combination of data, analytics
and software. We also assist millions of people to realize their
financial goals and help them to save time and money.
We operate
across a range of markets, from financial services to healthcare,
automotive, agrifinance, insurance, and many more industry segments.
We
invest in talented people and new advanced technologies to unlock the
power of data and innovate. As a FTSE 100 Index company listed on the
London Stock Exchange (EXPN), we have a team of 22,500 people across 32
countries. Our corporate headquarters are in Dublin, Ireland. Learn more
at experianplc.com.
Experian and the Experian marks used herein
are trademarks or registered trademarks of Experian and its affiliates.
Other product and company names mentioned herein are the property of
their respective owners.
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Contacts
Michael Troncale
Experian Public Relations
+1 714 830 5462
michael.troncale@experian.com
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