• About
  • Advertise
  • Privacy & Policy
  • Contact Us
Tuesday, November 28, 2023
DATAQUEST
  • Home
  • News
    Tech Mahindra

    Tech Mahindra Partners with AWS to Develop Sports Cloud Platform

    Sheffield UG Scholarship

    University of Sheffield Offers UG Scholarships: Check Eligibility Here

    DND app

    TRAI’s DND App Set to Tackle Spam Calls for Indian Users by March 2024

    YouTube Playables

    YouTube Playables is Rolling Out for Premium Subscribers

    L&T Technology layoff

    L&T Technology Services Lays off 200 Employees Amidst Market Challenges

    Future

    Future-Proof Yourself: Dive into the Non-Negotiable Skills Essential for Students for Navigating the Future

    Trending Tags

    • election update
    • trump news
    • United Nations
    • whitelisting
  • Business Technologies
    Drone

    Upcoming trends for the drone industry

    Cloud

    A Walk In the Clouds and Beyond—The Significance of Cloud Security

    Volt

    Why the edge matters?

    Chip

    Worldwide silicon wafer shipments fall 9.6% in Q3-2023

    ESD

    Electronic system design (ESD) industry posts $4 billion in revenue in Q2-2023

    On-Premise Security

    Navigating the Digital Revolution: The Rise of Hybrid Security in the Digital Era

    Trending Tags

    • Nintendo Switch Pro
    • ClickShare CSE-800
    • Mark Zuckerberg
    • Silicon Valley
    • internet
  • DQDeepTech
    Dr. Akhilesh Gupta

    Dr. Akhilesh Gupta unveils quantum leap in computing: Revolution in communication and security

    Python apps

    Must-Have Python Apps to Help With Ideal Tech Jobs

    Skills

    Essential Skills for Navigating the Uncharted Future

    quantum computing

    Strengthening the quantum computing ecosystem in India

    customer experience

    A “bettaverse” can deliver superior customer experience and more! 

    Generative AI

    Ethical management in the adoption of generative AI: A guide

  • Leadership Insights
    • Interview
    • Opinion
    • Editors Blog
    • Features
  • Annuals
    A long legacy

    A long legacy of engaging with CIOs

    Sandeep Dutta and Ajay Vij

    DQ Top 20 Rank 7- Rank 7 – Accenture India, Concerns over revised guidance

    Google

    DQ Top 20 Rank 20 – Google India Driving Growth through Advertising Space Reselling 

    Genpact

    DQ Top 20 Rank 19 – Genpact Transformation Happening Here? 

    Oracle

    DQ Top 20 Rank 17 – Oracle India Business Surges, spearheading Cloud Revolution across Sectors 

    Microsoft

    DQ Top 20 Rank 16 – Microsoft India Robust Outlook Amid Driven by Hybrid Work and Cloud Adoption 

    Trending Tags

    • Data Loss Prevention 2.0
    • Technology product Development
    • Internet access in developing countries
    • Unilever Ventures
  • DQ40Years
  • Events
    Hexaware

    Hexaware Technologies Expands UK Presence in Birmingham with New Facility

    Eventus Security

    Eventus Security Expands Global Presence with New Cyber Defence Centre in Ahmedabad

    Ransomware Is the Main Threat Report

    Ransomware Is the Main Threat: Report

    Sindhu Gangadharan

    Gen-AI will be transforming our world: Juergen Mueller, CTO, SAP SE

    SAP

    AI definitely does not make the developer jobs go away: SAP

    Juergen Mueller

    Generative AI is changing the way how developers work: Juergen Mueller, SAP

    Trending Tags

    • Revenue Analytics
    • fraud prevention
    • Seven Pillars of Digital India
  • Business Solutions
    Cyber

    The Cyber Shields of Tomorrow

    cybersecurity threats

    Cybersecurity in the Digital Age: How to Protect Your Business from Emerging Threats

    Video analytics

    Enhancing video quality for optimized analytics

    Insight EDA

    Siemens acquires Insight EDA to expand Calibre integrated circuit reliability verification offering

    Preparedness for AI

    New Research highlights Seismic Gap in Companies’ Preparedness for AI

    Live Histos File Analysis

    Live Histos File Analysis: Game-Changer for Software Development

    Trending Tags

    • More
      • Tech4Growth
      • DQConclave Event Site
      • TechSchools Event Site
    No Result
    View All Result
    • Home
    • News
      Tech Mahindra

      Tech Mahindra Partners with AWS to Develop Sports Cloud Platform

      Sheffield UG Scholarship

      University of Sheffield Offers UG Scholarships: Check Eligibility Here

      DND app

      TRAI’s DND App Set to Tackle Spam Calls for Indian Users by March 2024

      YouTube Playables

      YouTube Playables is Rolling Out for Premium Subscribers

      L&T Technology layoff

      L&T Technology Services Lays off 200 Employees Amidst Market Challenges

      Future

      Future-Proof Yourself: Dive into the Non-Negotiable Skills Essential for Students for Navigating the Future

      Trending Tags

      • election update
      • trump news
      • United Nations
      • whitelisting
    • Business Technologies
      Drone

      Upcoming trends for the drone industry

      Cloud

      A Walk In the Clouds and Beyond—The Significance of Cloud Security

      Volt

      Why the edge matters?

      Chip

      Worldwide silicon wafer shipments fall 9.6% in Q3-2023

      ESD

      Electronic system design (ESD) industry posts $4 billion in revenue in Q2-2023

      On-Premise Security

      Navigating the Digital Revolution: The Rise of Hybrid Security in the Digital Era

      Trending Tags

      • Nintendo Switch Pro
      • ClickShare CSE-800
      • Mark Zuckerberg
      • Silicon Valley
      • internet
    • DQDeepTech
      Dr. Akhilesh Gupta

      Dr. Akhilesh Gupta unveils quantum leap in computing: Revolution in communication and security

      Python apps

      Must-Have Python Apps to Help With Ideal Tech Jobs

      Skills

      Essential Skills for Navigating the Uncharted Future

      quantum computing

      Strengthening the quantum computing ecosystem in India

      customer experience

      A “bettaverse” can deliver superior customer experience and more! 

      Generative AI

      Ethical management in the adoption of generative AI: A guide

    • Leadership Insights
      • Interview
      • Opinion
      • Editors Blog
      • Features
    • Annuals
      A long legacy

      A long legacy of engaging with CIOs

      Sandeep Dutta and Ajay Vij

      DQ Top 20 Rank 7- Rank 7 – Accenture India, Concerns over revised guidance

      Google

      DQ Top 20 Rank 20 – Google India Driving Growth through Advertising Space Reselling 

      Genpact

      DQ Top 20 Rank 19 – Genpact Transformation Happening Here? 

      Oracle

      DQ Top 20 Rank 17 – Oracle India Business Surges, spearheading Cloud Revolution across Sectors 

      Microsoft

      DQ Top 20 Rank 16 – Microsoft India Robust Outlook Amid Driven by Hybrid Work and Cloud Adoption 

      Trending Tags

      • Data Loss Prevention 2.0
      • Technology product Development
      • Internet access in developing countries
      • Unilever Ventures
    • DQ40Years
    • Events
      Hexaware

      Hexaware Technologies Expands UK Presence in Birmingham with New Facility

      Eventus Security

      Eventus Security Expands Global Presence with New Cyber Defence Centre in Ahmedabad

      Ransomware Is the Main Threat Report

      Ransomware Is the Main Threat: Report

      Sindhu Gangadharan

      Gen-AI will be transforming our world: Juergen Mueller, CTO, SAP SE

      SAP

      AI definitely does not make the developer jobs go away: SAP

      Juergen Mueller

      Generative AI is changing the way how developers work: Juergen Mueller, SAP

      Trending Tags

      • Revenue Analytics
      • fraud prevention
      • Seven Pillars of Digital India
    • Business Solutions
      Cyber

      The Cyber Shields of Tomorrow

      cybersecurity threats

      Cybersecurity in the Digital Age: How to Protect Your Business from Emerging Threats

      Video analytics

      Enhancing video quality for optimized analytics

      Insight EDA

      Siemens acquires Insight EDA to expand Calibre integrated circuit reliability verification offering

      Preparedness for AI

      New Research highlights Seismic Gap in Companies’ Preparedness for AI

      Live Histos File Analysis

      Live Histos File Analysis: Game-Changer for Software Development

      Trending Tags

      • More
        • Tech4Growth
        • DQConclave Event Site
        • TechSchools Event Site
      No Result
      View All Result
      DATAQUEST
      No Result
      View All Result
      Home Interview

      Actico helping businesses make smarter decisions via ML

      DQINDIA OnlinebyDQINDIA Online
      July 4, 2019
      in Interview
      0
      Actico ML helps enterprises.

      Actico ML helps enterprises.

      Singapore-based Actico Pte Ltd has been helping businesses globally to make smarter day-to-day decisions that drive higher levels of growth and attain a competitive advantage. The company provides best-in-class software and tools used across multiple industries, enhancing day-to-day decision-making and end-to-end automation.

      Ajit Shah, MD APAC, Actico, tells us more in a face-to-face discussion.

      Actico ML helps enterprises.
      Actico ML helps enterprises. DQINDIA Online | DATAQUEST

      Dataquest: Please tell us about Actico.

      Ajit Shah: We are a German company. We were originally part of Bosch, and became Actico, an independent company, 3 years back. We are focused on financial services. We are a platform for intelligent decision automation.

      The areas we focus on are risk management, compliance, fraud, and automation of business processes. The plan is to move on to the other industries, especially, telecom and healthcare. Some of our major customers globally are UBS, Bank Santander, Royal Bank of Canada, CIMB, MayBank, ING, etc.

      In India, Bajaj Finance is our major customer. Others are DMI Finance, Delhi, HDFC, and SBI Life Insurance.

      Dataquest: Elaborate on the ACTICO ML software platform.

      Ajit Shah: ML or AI, we call it as the augmented intelligence. We have an integrated platform where you can introduce machine learning, business logic, and automate the business process to do a digital decision. It is a pure technology platform.

      We believe that financial institutions will bring all their business expertise and data, and configure the platform as per their needs. The platform can be used by business users and define their business policies.

      The first version was built almost 18 years ago, and the work on ML has been built over the last two years. The independent company was launched 3-1/2 years ago and all the development work happens in Immenstaad, Germany.

      The differentiating point is: we bring all the ML output back into the business rules on a real-time basis. Customers have used the platform for different use cases, including lending, customer experience, fraud, etc. In the areas of risk management and credit decisions, the combination of business rules and machine learning has demonstrated a 20-25% improvement.

      In the case of compliance, or fraud, or KYC AML, we have seen that due to the ML platform, the improvement has been at least 30-40%.

      The expert knowledge and the data knowledge can be combined at every level to create an optimum decision. The entire process can be automated 100 percent.

      Dataquest: How can it generate ML models and combine them with business rules?

      Ajit Shah: The orchestration of feature engineering, data management, training and retraining of models, etc., are all executed through the business rules. The output of the ML can be directly called from the business rules.

      The platform also has the capability to ingest data from other sources like bureau data, third-part industry data, etc.

      Dataquest: How can it assist trained machine learning models in production systems?

      Ajit Shah: The initial training has to be driven by defining the data and building the models. Once the initial models are defined, the retraining of the models on an ongoing basis gets fully automated.

      Dataquest: Besides financial institutions, who are your other targets across India?

      Ajit Shah: We are looking at telecom and healthcare. Enterprises are also moving toward digitization. Retail is yet another industry we are looking at.

      Dataquest: Have you signed customers for Actico ML in India?

      Ajit Shah: As a ML company, we have signed up DMI Finance in Delhi. DMI Finance is a lending company, who’s aim is to be a 100% digital lender. They initially automated their decisioning process using the Actico platform, with the aim that all decisions should be executed in less than 30 seconds. This was implemented in April 2018.

      Subsequently, in March 2019, they decided to augment the capabilities by implementing ML to execute behavioral scores, fraud scores, etc., so that they can further improve on their credit decisions.

      Dataquest: Finally, what are your future plans, especially for the other industries?

      Ajit Shah: There are a lot of opportunities in the financial industry, owing to the growth in the amount of lending. With mobile, people also want real-time decisioning. RBI has also come up with P2P lending and small finance banks. These provide us with a great opportunity in future.

      We also work with new edge fintech companies who are offering some innovative customer offerings. They can use our platform for building their own solutions.

      Tags: ActicoML
      Previous Post

      Online Registrations to Watch ISRO Chandrayaan 2 Launch Live Begin, But Site Goes Down

      Next Post

      WhatsApp outage leads to circulation of fake messages

      Related Posts

      Joy Sekhri
      Interview

      Securing India’s Digital Future

      November 27, 2023
      Ceremorphic Life Sciences
      Interview

      Ceremorphic Life Sciences creating relevant data to make AI use in drug discovery: Dr. Venkat Mattela

      November 27, 2023
      CISOs
      Interview

      CISOs’ Role Key in Safeguarding Assets, Reputation and Customer Trust

      November 27, 2023
      Sandeep Trehan
      Interview

      Human connection in digital era: Crucial element in customer experience

      November 24, 2023
      Operational Technology
      Features

      Balancing Access and Security in Operational Technology Upgrades in Energy Sector

      November 23, 2023
      Dr Akhilesh Gupta
      Interview

      Dynamic Interplay of Government, Industry, and Academia for R&D Advancements: Dr Akhilesh Gupta, Secretary, SERB

      November 21, 2023
      Next Post
      WhatsApp no valid QR code

      WhatsApp outage leads to circulation of fake messages

      top IT skills

      Latest technology trends take spotlight at Technology Radar Summit 2019

      Canara Bank

      What the IT Industry Expects from Budget 2019

      Leave a Reply Cancel reply

      Your email address will not be published. Required fields are marked *

      • Trending
      • Comments
      • Latest
      Hybrid Cloud

      Run complex workloads with ease: Switch to Lenovo Hybrid Cloud solutions

      August 18, 2023
      IIT Madras

      IIT Madras Invites Applications for Two Year Artificial Intelligence Fellowship with Stipend of Rs 40,000

      August 18, 2023
      WhatsApp no valid QR code

      Here’s How to Activate a Banned WhatsApp Number

      January 14, 2020
      DRDO

      DRDO CEPTAM 2022 Notification: 1901 New Vacancies Announced, Salary up to Rs 1,12,400

      August 26, 2022
      WhatsApp no valid QR code

      Here’s How to Activate a Banned WhatsApp Number

      1652
      Exams in India

      CBSE Board Exams 2021: Students Request Indian Government to Cancel Board Exams Due to Rising COVID-19 Cases

      893
      Delhi Schools

      CBSE Board Exams 2021: Do Not Postpone or Cancel Board Exams, Say Section of Students

      577
      Online courses

      AWS Announces Free 12-week Course on Cloud Computing for Unemployed People Interested in Cloud Careers

      510
      Drone

      Upcoming trends for the drone industry

      November 28, 2023
      Tech Mahindra

      Tech Mahindra Partners with AWS to Develop Sports Cloud Platform

      November 28, 2023
      Sheffield UG Scholarship

      University of Sheffield Offers UG Scholarships: Check Eligibility Here

      November 28, 2023
      DND app

      TRAI’s DND App Set to Tackle Spam Calls for Indian Users by March 2024

      November 28, 2023
      Drone
      Business Technologies

      Upcoming trends for the drone industry

      The drone industry is experiencing significant growth and transformation, driven by various factors such as technological advancements, regulatory support, and ...

      November 28, 2023
      Tech Mahindra
      News

      Tech Mahindra Partners with AWS to Develop Sports Cloud Platform

      Tech Mahindra, a leading provider of digital transformation services, has teamed up with Amazon Web Services (AWS) to create a ...

      November 28, 2023
      Sheffield UG Scholarship
      News

      University of Sheffield Offers UG Scholarships: Check Eligibility Here

      The University of Sheffield has announced 75 competitive merit scholarships, each valued at 10000 Pounds per year. These scholarships are ...

      November 28, 2023
      DND app
      News

      TRAI’s DND App Set to Tackle Spam Calls for Indian Users by March 2024

       In an effort to address the widespread issue of spam calls and messages of Indian mobile users the Telecom Regulatory ...

      November 28, 2023
      YouTube Playables
      News

      YouTube Playables is Rolling Out for Premium Subscribers

      Google has introduced an exciting feature called YouTube Playables, as a bold move to enhance the YouTube experience. This feature ...

      November 28, 2023

      Industry Insights

      Fine pitch Packaging

      Co-development of advanced CMOS logic and advanced packaging key for next-gen HPC devices

      November 27, 2023
      Global Tech

      The Rise of the Global Tech Indian

      November 27, 2023
      Deep fake

      Indian IT Minister Announces Plans for New Regulations Combatting Deepfakes

      November 24, 2023
      Operational Technology

      Balancing Access and Security in Operational Technology Upgrades in Energy Sector

      November 23, 2023
      Load More

      DQ 40 Years

      Global Tech
      Features

      The Rise of the Global Tech Indian

      November 27, 2023
      JanAI
      Opinion

      JanAI, not GenAI – Will it be India’s super-food?

      November 27, 2023
      A long legacy
      Annuals

      A long legacy of engaging with CIOs

      October 20, 2023
      Natarajan Radhakrishnan
      Opinion

      We can be the R&D lab of the world

      October 20, 2023

      Editors Blog

      India’s diverse IT field
      Editors Blog

      India’s diverse IT field

      October 17, 2023
      Ed Nair
      Editors Blog

      “ED” as we called him

      October 4, 2023

      Recommended

      Fine pitch Packaging

      Co-development of advanced CMOS logic and advanced packaging key for next-gen HPC devices

      November 27, 2023
      Amazon

      Amazon Invites Applications for Free Courses on Artificial Intelligence 

      November 23, 2023
      Load More

      Most Popular

      DRDO
      News

      DRDO CEPTAM 2022 Notification: 1901 New Vacancies Announced, Salary up to Rs 1,12,400

      August 26, 2022
      WhatsApp no valid QR code
      News

      Here’s How to Activate a Banned WhatsApp Number

      January 14, 2020
      Big Tech Firms
      News

      Beware of China Domain Name Registration Scam, Ignore Mails from .cn Mentioning Domain Conflict

      June 2, 2021
      Load More
      DATAQUEST

      Launched in 1982 as India’s first IT print publication, Dataquest is known as the “Bible of Indian IT.”
      Features business technologies, enterprise tech, cloud, hybrid multi-cloud, data management, security, IT Infrastructure, emerging technologies, analysis of market trends, a new development in the IT industry and needs of corporate users, Jobs, Deep Tech, interviews of CEOs / CIO's / MDs, and Annual surveys.

      Category Links

      • Annuals
      • Business Solutions
      • Business Technologies
      • DQDeepTech
      • Editors Blog
      • Events
      • Features
      • Interview
      • Module
      • News
      • Opinion

      Newsletter

      Subscribe to our mailing list to receives daily updates direct to your inbox!

      *Invalid email address.
      • About
      • Advertise
      • Privacy & Policy
      • Contact Us
      • PCQuest
      • DataQuest
      • Voice&Data
      • CIOL
      • DQ Channels

      © Copyright © 2023 Cyber Media (India) Ltd. All rights reserved.
      Reproduction in whole or in part in any form or medium without written permission is prohibited.

      No Result
      View All Result
      • Home
      • News
      • Business Technologies
      • DQDeepTech
      • Leadership Insights
        • Interview
        • Opinion
        • Editors Blog
        • Features
      • Annuals
      • DQ40Years
      • Events
      • Business Solutions
      • More
        • Tech4Growth
        • DQConclave Event Site
        • TechSchools Event Site

      © Copyright © 2023 Cyber Media (India) Ltd. All rights reserved.
      Reproduction in whole or in part in any form or medium without written permission is prohibited.