In a previous article, How to achieve optimal performance: code optimisation in the AI ecosystem, we looked at the value of code optimisation in the AI ecosystem and the ways in which machine learning model code can be optimised. Code optimisation is critical in improving the performance of machine learning models and AI solutions. Prediction […]
The Need For Green AI
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Do you agree we are approaching the tipping point in the history of our planet? Sounds dramatic, doesn’t it? And unfortunately, it is as serious as it sounds. Over the years there have been many warnings about the imminent dangers looming over our cherished planet but not many tangible actions have been taken to tackle […]
Boosting performance is a priority in the AI space. Businesses will not hesitate to make large investments to achieve even a marginal improvement (e.g. increased accuracy, speed) in AI systems. A range of factors impact the performance of AI; high-quality data, infrastructure, code, and the right talent are all crucial elements of a thriving AI […]
[vc_row][vc_column][vc_column_text]Data science is a field that encapsulates a range of skills. However, in the data scientist’s toolbox, coding might become an underrated tool. In order to derive optimal results, a data scientist may choose to focus on a mathematical or conceptual component of their data science task. This strategy might reap greater benefits for tasks […]
The applications of AI in the financial sector are multi-faceted. In this article, we explore some key use cases of AI for hedge funds. We also look at potential challenges in implementing AI-based solutions, and how hedge funds can circumvent these challenges. In an analysis done in 2020, consulting and research firm Cerulli claims that […]
AI is a sector that is often perceived as having both positive and negative impacts on the environment. On the one hand, AI is able to provide innovative and scalable solutions to tackle the root causes of climate change. On the other hand, AI itself has a high carbon footprint. A University of Massachusetts Amherst […]
In our previous article, Customer Churn Prediction and Prevention Using AI, we pointed out the role of AI in predicting and preventing customer churn. We mentioned that it can cost between 6 to 7 times more to get a new customer, when compared with retaining an existing customer. Since a 5% increase in customer retention […]
AI is rapidly evolving across all industries, especially when it comes to meeting consumer needs and tackling tough business challenges. In the health industry, it’s particularly important to evolve AI accuracy without sacrificing transparency and trust. This difficult trade-off can be tackled more easily with AI optimisation, the cutting edge AI technology that enables organisations […]
Financial services are turning to AI to help analyse data, identify market trends, and prioritise tasks. It can also identify fraud, refine customer experience, and boost cybersecurity. Financial institutions generate high volumes of information and AI plays a pivotal role in handling this data efficiently. For example, Accenture data shows AI can increase banks’ revenue […]
London, UK; April 04, 2022; TurinTech, the London-based AI optimisation company, has partnered with South African financial consulting company Riskworx to help elevate the company’s consultancy services through AI. Riskworx, the South Africa-based financial engineering consulting company, has a special focus on risk management and performance optimisation for financial services clients. The company set out […]
Rethinking AI’s Carbon Footprint
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One important (but seldom discussed) aspect of AI is its carbon footprint. Many are surprised to learn that the average carbon footprint of AI can be equivalent to five times the emissions created by the average car over its lifetime. At a time when many businesses are committing to net-zero carbon emission and consumers are […]
Customers are at the heart of any business. Growth of a company depends heavily on the company’s ability to acquire new customers as well as its ability to retain existing customers. According to Bain & Company article Retaining customers is the real challenge, a 5% increase in customer retention can increase company profits by as […]
There are countless benefits of incorporating AI into your business, including company efficiency, customisation and innovation. However, we understand that adopting AI may be challenging at first if you have never done it before. You need to collect the right data, find the right AI tools for your organisation, and train team members to be […]
Increasingly more organisations are adopting AI solutions to refine decision-making processes. From understanding consumer sentiment to preventing financial fraud, the applications of AI are multi-faceted. However, building robust AI solutions can be costly, financially and otherwise. At TurinTech, we believe developing and scaling AI is all about optimising four crucial elements in your AI ecosystem. […]
Forecasting is a crucial component in decision-making. In order to make good decisions in the present, we must be able to, at least with some accuracy, anticipate future events and the consequences of our actions on those future incidents. Time Series Forecasting Machine learning can be applied to time series data in order to […]
With digitalisation accelerating, more and more companies are adopting AI to maximise their company value. In recent years, businesses have realised that they need to actively scale AI efficiently or risk being left behind. In the era of all things digital innovative technologies like AI optimisation, is empowering organisations to capitalise on opportunities better and […]