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Financial Forecasting 101: Why, When, And How
Financial forecasting is not only applicable for finance (as one might think). You also have to apply it for various product or marketing-related projects. It is the most common type of analysis and often functions as the foundation of getting growth rates for revenue data. You... Read more
Uses of AI in Finance in 2020
AI is becoming increasingly important to the finance industry. Over the past several years, companies in the financial sphere have been integrating AI into their businesses in exciting and innovative ways. Below are just a few examples of how some companies are utilizing AI to improve... Read more
Validating AI & Machine Learning Models—Lessons Learned from the Banking Industry
Sectors that deal with sensitive data are very familiar with compliance standards that require transparency. If you request a loan, the company is required to disclose the reasoning behind your denial or approval. Other regulations, such as the recent GDPR amendment, require companies to disclose how... Read more
How Data Science is Transforming Financial Systems
Data science has continued to develop at a rapid and given birth to a whole new age of machine learning. Financial tasks have started to see their roles reprised within the business world as more companies move forward with this innovative technology. Businesses are reshaping their... Read more
Which Finance Companies Are Excelling in AI?
Many finance companies are getting some massive help from AI handling things like security, loss prevention, and predictive decision making—think underwriting for mortgages or credit decisions. While AI is making the rounds for many companies and organizations, a few... Read more
A Fiscal State of the Union with Visual Storytelling
Visualizing the FY2021 US Government Budget and Current Financial State Have you ever wondered where your tax dollars go? How the government makes money? Recently, President Trump released the FY2021 government budget. Politics takes over as Democrats jump on the massive spending and defense budget as... Read more
Unit Cost Metrics for Customer Churn
Carl is a speaker for ODSC East this April 13-17! Be sure to check out his talk, “Fighting Customer Churn With Data,” at this upcoming event! In this post I’m going to highlight one of the key takeaways from the session I’m planning for ODSC East... Read more
Transaction Data Enrichment, an Opportunity for Financial Wellness
Editor’s Note: See Pramod’s talk “Transaction Data Enrichment and Alternative Data: An Opportunity for Business Growth and Risk Mitigation” at ODSC West 2019.  In a recent financial wellness survey of American adults, 58% of respondents said they did not have the financial freedom to enjoy life.... Read more
How AI will Disrupt the Financial Sector
Artificial intelligence thrives with data. The more data you have, the better your algorithms will be. However, just having a lot of data is not sufficient anymore. You also need high-quality data, or in the words of Peter Norvig, you need better data: “We don’t have... Read more
Financial Data Modeling with RAPIDS.
A financial dataset is challenging in many ways. The data is usually anonymized to protect customers’ privacies. Sometimes even the column name of the tabular data is encoded, which can prevent feature engineering using domain knowledge. As required by financial regulation and laws, oftentimes the models must be... Read more