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, have 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.
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.
DataRobot on FactSet is available now. For more information, please visit https://www.factset.com/products-data/quantitative-research.
DataRobot is the leader in enterprise AI and the category creator and leader in automated machine learning. Organizations worldwide use DataRobot to empower the teams they already have in place to rapidly build and deploy machine learning models and create advanced AI applications. With a library of hundreds of the most powerful open source machine learning algorithms, the DataRobot platform encapsulates every best practice and safeguard to accelerate and scale data science capabilities while maximizing transparency, accuracy, and collaboration.
By making data scientists more productive and enabling the democratization of data science, DataRobot helps organizations transform into AI-driven enterprises. With offices around the globe, DataRobot is backed by $225 million in funding from top-tier firms, including New Enterprise Associates, Sapphire Ventures, Meritech, and DFJ. For more information, visit www.datarobot.com, and join the conversation on Twitter and LinkedIn.
Source: FactSet Press Release