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DataRobot launches first AI investment workflow with FactSet

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DataRobot, a specialist in enterprise AI, has launched its first AI investment workflow, DataRobot on FactSet, an automated machine learning tool that helps financial services organisations – 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.
 
“Clients are looking for more effective data and AI tools that will help them surface new investment insights faster and with greater efficiency,” says 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.
 
“There is an unprecedented opportunity for investment professionals to capitalise on their data, and now is the time to adopt robust AI and machine learning capabilities,” says Rob Hegarty, GM of Financial Markets and Fintech, DataRobot. “We’re excited to work with FactSet on this dynamic integration which will help more organisations make data-driven decisions and realise the true value of AI.”

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