DataRobot launches its First AI Investment Workflow with FactSet

DataRobot launches its First AI Investment Workflow with FactSet
06.08.2019 05:19 pm

DataRobot launches its First AI Investment Workflow with FactSet

Artificial Intelligence , Data

FactSet (NYSE:FDS) (NASDAQ:FDS), a global provider of integrated financial information, analytical applications, and industry-leading service, and DataRobot, the leader in enterprise AI, today announced the launch of DataRobot’s first AI investment workflow, DataRobot on FactSet. DataRobot on FactSet is an automated machine learning tool that helps financial services organizations – even those without extensive data science operations – incorporate AI into their investment workflows.

DataRobot on FactSet integrates advanced automated machine learning technology from DataRobot into the FactSet workstation, allowing clients to build, deploy, monitor, and manage sophisticated machine learning models quickly and easily. Clients can use the tool to create predictive, automated AI applications for factors such as equity volatility, bond performance, and macroeconomic event predictions. The technology will scale AI- and data-driven investment strategies with support from DataRobot’s world-class data science professionals.

“Clients are looking for more effective data and AI tools that will help them surface new investment insights faster and with greater efficiency,” said Rob Robie, Executive Vice President, Analytics, FactSet. “We are excited to be working with DataRobot to provide an elegant and intuitive solution that allows users to develop and execute successful machine learning strategies.”

DataRobot on FactSet allows clients to use their existing workflows and data within FactSet’s platform alongside hundreds of powerful machine learning algorithms. It provides the guardrails required for those without data science expertise to build and deploy advanced machine learning models so even novice users with domain expertise can extract value. For companies that have existing data science teams in place, DataRobot on FactSet will boost productivity by increasing the speed and scale of their financial models, helping teams move from data to prediction faster.

“There is an unprecedented opportunity for investment professionals to capitalize on their data, and now is the time to adopt robust AI and machine learning capabilities,” said Rob Hegarty, GM of Financial Markets and Fintech, DataRobot. “We’re excited to work with FactSet on this dynamic integration which will help more organizations make data-driven decisions and realize the true value of AI.”

DataRobot on FactSet is available now. For more information, please visit https://www.factset.com/products-data/quantitative-research.

Related News

Highlights from World AI & RPA Show

“While we welcome AI, we should also realise its implications and consequences”, says Suresh Prabhu at World AI & RPA Show

Read more »

Nutmeg Expands Human-Led Service in Ongoing Bid for Profitability

Nutmeg's head of advice Lisa Caplan has spoken to Finextra about the continued expansion of its digital wealth management offering beyond the automated investment platform for... Read more »

Jumio Launches Real-Time Verification Solution, Powered Exclusively by AI

Jumio, the leading AI-powered trusted identity as a service provider, today announced the beta release of ... Read more »

NICE Actimize Revolutionizes Collaborative Fraud Fighting at Money20/20 with Decentralized Artificial Intelligence Capabilities

Debuting at Money20/20 USA today, NICE Actimize, a NICE business (Nasdaq: NICE) and leader in Autonomous Financial Crime Management, is introducing its... Read more »

SmartStream Introduce a New Artificial Intelligence Module to Capture Missed Payments and Receipts

SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) solutions provider, today completed a proof of concept for an artificial intelligence (AI) and... Read more »

IHS Markit Uses Advanced Analytics to Offer Comprehensive Dividend Forecasting Service

 IHS Markit (NYSE: INFO), a world leader in critical information, analytics and solutions, today announced that it is using... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel