We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Equifax (EFX) Introduces AI-enabled Advanced Model Engine
Read MoreHide Full Article
Equifax Inc. (EFX - Free Report) yesterday unveiled Advanced Model Engine, an AI-enabled modular model development and deployment tool.
This latest tool utilizes big data and distributed computing for faster construction of models that can be easily deployed with applications across industries and use cases. It enhances model performance using machine learning techniques, alternative and trended data, use case configuration, and processing power to test model configurations.
The engine comprises Equifax NeuroDecision Technology — a machine learning technology for regulatory-compliant, and advanced neural network modeling in credit scoring. It is currently available through Equifax Ignite — the company’s premier data and advanced analytics portfolio. Ignite provides secured and complete support to the full analytical lifecycle utilizing a single, connected set of advanced analytical processes, technology and tools.
Prasanna Dhore, chief data & analytics officer, Equifax said, "Our customers can now take advantage of our big data capabilities to build and deploy their own explainable AI solutions.”
We observe that shares of Equifax have gained 17.8% in the past six months, outperforming the 10.6% rally of the industry it belongs to.
Bottom Line
Product innovation and continued investments in expansion of Ignite analytics and linking platforms globally are top priorities for Equifax and part of its technology transformation endeavor. We believe that the Advanced Model Engine will make Ignite better, faster co-collaborative with customers.Introduction of products and a clear understanding of the sector should keep Equifax ahead of its peers.
The long-term expected EPS (three to five years) growth rate for Genpact, WEX and Total System Services is 10%, 15% and 14.6%, respectively.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
Image: Bigstock
Equifax (EFX) Introduces AI-enabled Advanced Model Engine
Equifax Inc. (EFX - Free Report) yesterday unveiled Advanced Model Engine, an AI-enabled modular model development and deployment tool.
This latest tool utilizes big data and distributed computing for faster construction of models that can be easily deployed with applications across industries and use cases. It enhances model performance using machine learning techniques, alternative and trended data, use case configuration, and processing power to test model configurations.
The engine comprises Equifax NeuroDecision Technology — a machine learning technology for regulatory-compliant, and advanced neural network modeling in credit scoring. It is currently available through Equifax Ignite — the company’s premier data and advanced analytics portfolio. Ignite provides secured and complete support to the full analytical lifecycle utilizing a single, connected set of advanced analytical processes, technology and tools.
Prasanna Dhore, chief data & analytics officer, Equifax said, "Our customers can now take advantage of our big data capabilities to build and deploy their own explainable AI solutions.”
We observe that shares of Equifax have gained 17.8% in the past six months, outperforming the 10.6% rally of the industry it belongs to.
Bottom Line
Product innovation and continued investments in expansion of Ignite analytics and linking platforms globally are top priorities for Equifax and part of its technology transformation endeavor. We believe that the Advanced Model Engine will make Ignite better, faster co-collaborative with customers.Introduction of products and a clear understanding of the sector should keep Equifax ahead of its peers.
Zacks Rank & Key Picks
Currently, Equifax carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader Business Services sector include Genpact Limited (G - Free Report) , WEX Inc. (WEX - Free Report) and Total System Services, Inc. . All the stocks carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The long-term expected EPS (three to five years) growth rate for Genpact, WEX and Total System Services is 10%, 15% and 14.6%, respectively.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>