In its 4.0 version of VantageScore, the company is reacting to the absence of tax lien and civil judgment data by adding «trended data» it gets from all three credit bureaus, as well as
adding machine learning technology.
Not exact matches
The company is using its
technology to help customers build and train their own
machine learning systems, which
adds more value to a rapidly growing cloud business.
«As we
add additional data,
machine learning technologies will start understanding the context to better understand the data over time.»
Vasile Foca, Managing Partner and Co-Founder of Talis Capital, said, «We have seen
technology integration within the legal sector, in particular that based on artificial intelligence and
machine learning, transition from a support function to an enabler and efficiency - driver, allowing lawyers to focus on real
added value to clients.
But,
adds Nickerson, all of these new
technologies need oversight by lawyers to review and grasp the nuances of the responses churned out by the
machine learning systems.
Spot Mini doesn't utilize
machine learning, one of the conference's major focuses, but Raibert noted that
adding that
technology could give robots an increased ability to balance packages.
He
added, «Professionals in related areas such as cryptography and
machine learning may want to look at the roles available and the skills they need to develop, as there is certainly a growing demand within the
technology, finance and insurance industries for blockchain expertise.»
As CTO and co-founder of the venture - backed startup, Copanion, Depankar built the first SaaS - based
technology that used
machine learning, image processing, and business rule engines to automatically extract data from tax source documents so accountants can focus on value
added service to clients instead of data entry.