SYNECHRON'S ARTIFICIAL INTELLIGENCE SOLUTION
Data Science is a scientific process that analyzes vast amounts of structured or unstructured data, beyond what is humanly possible, to gain insight from it. Data Science may employ techniques like machine learning, predictive analysis, statistics, and others with the goal to answer a business question or hypothesis using data.
To be affective, Data Science requires creating a consolidated database and a meaningful method to understand that unstructured data. Once the data is brought together, powerful computing can be applied to the data to solve business questions. According to MIT's Computer Science and Artificial Intelligence Laboratory, a new core set-generation technique can be used to better handle big data by 'shrinking it.' MIT explains, "If you can identify a small subset of your data set that preserves its salient mathematical relationships, you may be able to perform useful analysis on it that would be prohibitively time consuming on the full set."
With such advancements continuously being made, Synechron has evaluated several business scenarios and found three of the most mature data sets and problem scenarios to be using Data Science to provide customer insights, product recommendations and to combat AML and financial fraud.
HOW WE HELP
Synechron uses powerful Data Science technologies to deliver solutions that analyze structured and unstructured data to answer business questions related to customers, products and threats. The Data Science solution allows financial services firms to:
- Analyze structured and unstructured data to identify patterns and anomalies
- Gain deeper insight into their customer and prospect data
- Develop more targeted and insightful sales, marketing and customer programs
- Create a culture of data-driven decision-making
Applying Data Science to business processes enables firms to:
- Create an enhanced, personalized customer experience
- Increase transparency into business threats and opportunities
- Deliver better, more targeted product recommendations
- Enhance security related to money laundering and fraud detection and prevention
Synechron’s Data Science solutions are designed specifically to provide applications that can be applied to various scenarios which lend themselves well to a Data Science solution. Click to read how Synechron’s Data Science solutions are helping clients to automate data analysis and decision-making.
A more productive, data-driven conversation with the customer based on predicted transaction patterns.Read More