Metis Corporate Training Senior Data Scientist Javed Ahmed joined a panel of banking industry executives to discuss the pressure fintech and big technology companies place on traditional banks in the race to develop AI tools. The panel advised that fintechs will lead to AI innovation, thanks to their tendency not to face the internal red tape often found at these legacy organizations. The panel discussion was covered in the Wall Street Journal, where Javed is quoted as saying:
"When it comes to offering lending services, many fintech firms tout their digital-first approach and willingness to consider alternative data, such as utility bill history, that traditional banks may not. Those factors – as well as their appeal to younger customers and the rise of e-commerce prompted by the pandemic – are likely to help boost the market share of fintech companies."
Big data is growing exponentially. To keep up with it, data engineering — a discipline focused on collecting, funneling, and organizing big data into accessible data pipelines — is in urgent demand.
Data scientists and other data professionals can fill the gap by extending their capabilities into the world of data engineering with the Data Engineering for Data Scientists Course by Metis Corporate Training. In this course, data science professionals will learn advanced programming, database management, distributed computing, and cloud engineering.
Metis Sr. Data Scientist Javed Ahmed recently took part in a panel discussion about The State of AI in Banking during an online Ai4 event. He and the other panelists talked about upskilling, challenges related to COVID-19, and more. Watch the recorded panel discussion here.
In February, Metis Sr. Data Scientist Damien Martin wrote a post on how to foster a data literate and empowered workforce, which allows your data science team to then work on projects rather than ad hoc analyses. In this post, he explains how to carefully scope those data science projects for maximum impact and benefit.