The Gillmore Centre for Financial Technology, the Warwick-based fintech research centre, has launched a new guide for companies on how to use machine-learning-driven analytics to support fast-growing businesses, using artificial intelligence (AI) and data science.
With an aim to support firms in transforming their business analytics, the Gillmore Centre has launched the ‘Foundations Of Programming, Statistics & Machine Learning For Business Analytics‘ guide. Detailing the fundamentals of using data, forecasting and machine learning (ML), the guide explains how businesses can use AI and ML to create a data science-focused approach to developing robust business analytics and predictive models.
Ram Gopal, the guide’s co-author and director of the Gillmore Centre for Financial Technology, discussed the research: “Data is at the centre of business decision-making and a core part of any successful enterprise, and, with the rise of emerging technologies such as artificial intelligence, data is continually being enhanced to help make better strategic decisions.
“Using AI and ML, businesses can collect and analyse vast amounts of data as part of tasks such as forecasting and take their business analytics further than ever before to gain a competitive edge.
“Investment in research, development and technology adoption from businesses, with the support of government and regulators, is crucial to cement the UK as a leading global hub of innovation and business success, and guides such as this can help drive business growth.
“Academic research can greatly further our understanding of machine learning, helping people and organisations to better understand and harness the full potential of this technology for business analytics.”
“A step-by-step guide on how organisations can get the best out of AI”
Dan Philps, honorary research fellow at the Gillmore Centre and head of Rothko Investment Strategies, also commented: “Business analytics is a key driver behind any successful business and the continued development of technology allows firms to constantly evolve their approach to using data for strategic decisions.
“Combining business acumen, AI and machine learning expertise, and statistics is a powerful tool for organisations, helping industries such as fintech to leverage AI for international investing strategies. This research acts as a step-by-step guide on how organisations can get the best out of AI for their firm and can play a central role for fast-growing companies.”
The Gillmore Centre for Financial Technology is a research institute, part of Warwick Business School, spearheading research and innovation for the UK’s financial and technology sectors. Warwick Business School launched the Centre following a £3million donation from Clive Gillmore, an alumnus of Warwick University and CEO and Group CIO of Mondrian Investment Partners.