Leeds Building Society plugs the gap of missing EPC data with new Extreme Forecasting and Synthetic Data generating SaaS based AI/ML Engine from 4-Xtra.
Black swans are thought to be extremely rare events, and on most occasions, with highly negative consequences. These are usually difficult to predict beforehand but can be foreseen even if there is no historical data detailing similar situations.
If we run a model against a hundred years of data, looking to predict the peak for the hundred and first year, the classical model takes the 100 peaks and applies a mathematical rule on how you model these peaks to predict the 101st peak.
Data per se has grown to be an asset in varying industries, never more so than in the financial services sector.
Financial Risk Management: The Rise of Risk Modelling Techniques through Artificial Intelligence and Machine Learning
Over recent years, Artificial Intelligence (AI) and Machine Learning (ML) have made waves in risk management - especially in the financial sector.