DataRobot, a pioneer in the AI cloud, has announced a partnership with Shin Kong, a Taiwan-based financial holding company, with the goal of enhancing the AI modeling capabilities of Shin Kong Financial Group through the application of AI and data democratization strategies for utilizing data science at scale to hasten the goals of digital transformation.
Taiwanese financial industry companies have begun along the path of digital transformation as the tide of new digital technologies continues to sweep the world. This involves implementing artificial intelligence (AI) and machine learning (ML), which are meant to provide businesses a competitive edge based on data.
DataRobot is one of the most popular AI platforms on the market today and has given businesses a total of more than 1.4 trillion forecasts. Shin Kong Financial Holdings intends to alleviate tedious and repetitive tasks from data technology teams so that they can concentrate on the design and development of novel products and services by utilizing DataRobot’s rich automation features, which extend to model risk management and model validation.
Shin Kong Financial Holdings will use DataRobot to develop, deploy, and track AI models in order to achieve a number of data-driven objectives, such as: optimizing existing digital services and improving customer digital experiences; providing accurate and customized recommendations and services by predicting demand for digital financial products; and implementing AI Citizenship and Data Citizenship.
“Shin Kong Financial Holdings is one of Asia’s leading financial services organizations. It is our pleasure, and an honour, to cooperate with them to enable AI transformation through building highly sophisticated machine learning models and rapidly deploying automated machine learning technology to drive data-driven operations, product and service decisions.” said Sean Race, Vice President of Sales, Asia Pacific, DataRobot.
DataRobot will support continuous innovation at Shin Kong Financial Holdings and realize the vision of value-based finance by providing a unified AI Cloud platform, allowing users to quickly experiment, execute, and deploy AI-model projects; and accelerating the time-to-market of innovative services enabled by AI, such as helping Shin Kong Financial Holdings and its subsidiaries to better analyze target customers, market segments, and new product positioning, and ideate.
The AI Cloud Platform from DataRobot supports a wide range of data types, encourages improved user persona cooperation, and enables ongoing model optimization across the AI lifecycle.
Moreover, the DataRobot AI Cloud Platform offers a high level of risk management through strong security management and controls and may be installed in the cloud or in an on-premises data center.
According to Zhang Weixiong, Senior Associate of Digital Technology Development at Shin Kong Financial Holdings, machine learning at scale has been hampered by the development of automated machine learning (AutoML). DataRobot blends hyper-automation and data citizenship through the automated model training process. Data scientists and practitioners can effectively focus on high-value business analysis to identify and address pressing issues with these two qualities.
AutoML is the first step on the path to AI and data citizenship, continued Zhang Weixiong. While manual operations like coding used to take a lot of time from data scientists, DataRobot now completes model construction with a straightforward point-and-click approach.
The platform uses an intuitive graphical user interface that lowers the entry barrier and learning curve for data citizens, enhancing the effectiveness of communication and collaboration amongst teams. Additionally, the creation time of AI models is significantly decreased by comprehensive automation of the end-to-end model generation, validation, deployment, and management processes.
“We were the first partner of DataRobot in Taiwan. During the four consecutive years of cooperation, we saw how DataRobot became the first choice for major enterprises in Taiwan to accelerate the road to AI. As DataRobot’s Enterprise AI Cloud serves the needs of both beginners and advanced users, DataRobot can meet the diverse needs of different Taiwanese enterprises at their different stages of AI maturity. I am very happy to work with DataRobot to empower Shin Kong Financial Holdings and its subsidiaries internally and externally with AI – implementing new AI operations and activating data monetization opportunities through the easiest and most effective way.” said William Su, CEO of Perform Global Inc (PGi)
