The idea of creating an intelligent system came to light during scoring models development for a variety of customers. In either business field, modeling process itself is overly laborintensive and expensive. This inspired us to bring out a solution that would automate all the routine and bring a vast efficiency improvement.
Market fit, have clients
Didn't conduct research regarding market value
Problem or Opportunity
Businesses pay for maintaining highly-skilled expensive professionals that use advanced and costly tools to go through a number of routine stages with many iterations until they finally come up with a model to, for example, assess credit risks.
As the model won’t be valid for a long time, they start from scratch each time a new effort to maintain the current efficiency is required. Thus, this does look like a rocket science and takes up to months.
Solution (product or service)
Using AI methods and advanced algorithms written from scratch, vast amounts of data can be crunched to allow for much faster decision making with higher precision compared to current products on the market.
SAS, FICO, Scorto
Advantages or differentiators
Complete automation vs. manual or semi-automated model building