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FactSet (NASDAQ:FDS), financial analytics company announced that it has partnered with DataRobot, an enterprise AI company. DataRobot’s services integrate predictive analytic tools into investment workflows, extending from predicting macroeconomic events to applications for bond performance. As quoted in the press release: “Clients are looking for more effective data and AI tools that will help them …
FactSet (NASDAQ:FDS), financial analytics company announced that it has partnered with DataRobot, an enterprise AI company. DataRobot’s services integrate predictive analytic tools into investment workflows, extending from predicting macroeconomic events to applications for bond performance.
As quoted in the press release:
“Clients are looking for more effective data and AI tools that will help them surface new investment insights faster and with greater efficiency,” said Rob Robie, Executive Vice President, Analytics, FactSet. “We are excited to be working with DataRobot to provide an elegant and intuitive solution that allows users to develop and execute successful machine learning strategies.”
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.