Experian announced the launch of Experian Assistant, a generative AI-enabled solution that accelerates the modeling lifecycle, slashing model-development timelines from months to days.
Integrated with Experian Ascend Technology Platform, this solution reportedly empowers users to leverage their data for analytics with less effort.
The world’s financial institutions use Experian Ascend.
In 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’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.”
Experian’s research indicates 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
Experian is a data and tech firm, enabling opportunities for individuals and businesses across the globe.
They 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.”
They assist consumes with realizing their financial goals and ‘help them to save time and money.”
They reportedly operate across markets, from financial services to healthcare, automotive, agrifinance, insurance, and many more industry segments.
They invest in new talent and advanced tech in order to unlock the power of data and innovate.
As a FTSE 100 Index company listed on the London Stock Exchange (EXPN), they have a team of 22,500 workers across 32 different countries.
Their corporate headquarters are in Dublin, Ireland.