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VIDEO: 21st Century Lending with AI
By Carlos Russo • March 18, 2021
At the recent Ai4 Finance Summit, Metis Sr. Data Scientist Javed Ahmed spoke on a panel about 21st Century Lending with AI along with other industry leaders. They discussed how they're automating loan decisions for a wider group of borrowers, went over new and expanding opportunities with AI, dove into the challenges lenders face when it comes to implementing AI into their processes, and much more.
From Javed's point of view as a Data Scientist working with corporate clients, the major challenge facing lenders isn't what many might assume (regulation). Instead, it's the fast-paced nature of AI.
"The major challenge going forward is implementing something into your platform that is changing pretty rapidly," he said, noting that many clients struggle to know when to implement what, and how to measure success, especially if by the time you've gone through implementation, there are already new options to consider.
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.
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.
Ai X West, part of Open Data Science Conference (ODSC) West will be held in a virtual format this year on October 28, and one of our Sr. Data Scientists, Javed Ahmed is all set to present. Here, read what he'll cover and how you can register to watch him live.