Credit Scoring Models by AI Companies: A Comprehensive Guide

Banks exist to make credit scoring decisions. Key function of banks is to enable individuals and companies to make expenditures before they can afford them. They can not accomplish this key function without becoming a competent estimator of who will pay back and who will default.

Banks always relied on models and experts to make effective credit decisions. Now models are becoming sophisticated enough to replace experts. AI companies are stepping in to provide these models to banks so they can focus on serving their customers. Read more

Share

Automated Machine Learning Software/ Tools: In depth Guide

We explained autoML in detail. Now it is time to figure out the right software for auto ML for your business.

3 Types of AutoML Solution Providers

Open Source

AI is one of the few scientific areas were despite significant corporate investment, even secretive tech giants like Apple publish their research findings. Therefore it should not be surprising that there are competitive open source autoML tools.

All open source tools we came across, need an active development environment in Python or R and require the user to write at least a few lines of code to initiate the automated machine learning process. Read more

Share

Automated Machine Learning: In depth Guide [2018]

Automated machine learning has the potential to greatly increase the productivity of data scientist and democratize machine learning tools. It can be a powerful solution to the well documented scarcity of data scientists.

What is automated machine learning?

According to Wikipedia:

Automated machine learning (AutoML) is the process of automating the end-to-end process of applying machine learning to real-world problems.

Automated ML solutions aim to automate some or all steps of the machine learning process which includes:

  • Data pre-processing
  • Feature engineering
  • Feature extraction
  • Feature selection
  • Algorithm selection & hyperparameter optimization

Since accuracy of machine learning solutions can be measured, automated systems can fine-tune data, features, algorithms and hyperparameters of algorithms to generate accurate models relying on established machine learning knowledge and trial&error. Read more

Share

34 Data Visualization Tools for Better Business

Humans are naturally visual creatures, so it is no surprise that we search for better ways to portray and understand what data is telling us. Data visualization is one of the most effective ways to achieve this because it enables us to take data or ideas that are abstract and difficult to understand as written, and turn them into something easily understood in a more graphical or visual format. To learn more about data visualization and how organizations use it, see our blog post.

However, for any data visualization to be effective, it requires the right tool – which in many cases can mean a multifunctional tool that includes capacity for both visualization and analysis.

Share

Improving Understanding with Data Visualizations

As we become better at collecting and analyzing data, we also have to become better at explaining what it all means. Data visualization is the use of algorithms to create images (graphical and pictorial) from data so that humans can more effectively understand and respond to that data. It is important because it enables us to digest large amounts of complex data that would otherwise be overwhelming or difficult to understand.

To better understand data visualization, there are several questions that we will answer:

Share