Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

UNISYS UNVEILS MACHINE-LEARNING-AS-A-SERVICE TO AUTOMATE ADVANCED DATA ANALYTICS WITH MINIMAL HUMAN INTERVENTION

UNISYS UNVEILS MACHINE-LEARNING-AS-A-SERVICE TO AUTOMATE ADVANCED DATA ANALYTICS WITH MINIMAL HUMAN INTERVENTION

New service offering not only helps clients predict future business conditions but also recommends actions to take in response to change

Unisys Corporation (NYSE: UIS) announced today the launch of its Machine-Learning-as-a-Service, a new service offering that enables organisations to predict changes in business conditions and quickly evaluate potential responses to those changes.

Available as part of the Unisys Analytics Platform, the new service combines a library of machine learning algorithms with a suite of proven methodologies and processes that analyse and extract important details and insights from clients’ data to generate prescriptive reporting – analytics that forecast future business and operating conditions for clients, but also recommend future actions to facilitate and support decision-making.

“Unisys Machine-Learning-as-a-Service not only facilitates predictive analytics, it helps organisations transform and optimise their business processes. By providing an unmatched combination of skilled data scientists and vertical domain expertise, Unisys can offer unique insight into our clients’ business and how analytics can best transform them to new levels of success,” said Dr. Rod Fontecilla, vice president and global lead for analytics at Unisys. “With our new Machine-Learning-as-a-Service offering, we can give our clients a scalable platform running in the cloud or on premise to drive business insights and mission effectiveness.”

On the Cutting Edge

Machine learning is a type of artificial intelligence that enables computers to constantly optimise and improve without human intervention. Using algorithms that iteratively draw lessons from data, machine learning systems identify patterns and find hidden insights without being explicitly programmed. This ability to apply complex calculations dynamically and repeatedly on large data sets allows organisations to assess current conditions, as well as anticipate future circumstances and strategically position themselves accordingly.

Unisys Machine-Learning-as-a-Service leverages agile development principles to help clients understand and work with their data. Engagements begin with a proof-of-concept phase in which Unisys data scientists partner with the client’s subject matter experts to identify available data and get an overall understanding of their business needs and objectives. From this close collaboration, Unisys implements machine learning algorithms to analyse the client’s data and then develop advanced data analytics models for predicting outcomes.

Following the successful proof-of-concept, Unisys and the client move to the production phase and continue the agile engagement process to expand and formalise the analytical framework, while leveraging additional data and predictive models and continuing to monitor and refine the accuracy and integrity of the models and their results.

“This dynamic and iterative process helps clients use early insights to drive new questions and make new predictions from their data with very little investment on their part,” Fontecilla said. “This provides a quick and reliable way for clients to experiment before making significant investments.”

Fontecilla spoke on the topic of machine-learning opportunities in the airline industry at this week’s Strata + Hadoop World conference in San Jose, Calif. For more information on Fontecilla’s presentation, please click here: https://conferences.oreilly.com/strata/strata-ca/public/schedule/detail/55694.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post