Rabobank’s Data Lab has completed over 100 AI projects in less than two years
AMSTERDAM and LONDON – July 21, 2021 – Dataiku, the world’s most advanced enterprise AI platform, confirms its close partnership with Rabobank. Dataiku’s platform helps Rabobank’s intelligence lab deploy AI projects across the organization for hundreds of users. Over 100 AI initiatives have been completed in less than two years.
Rabobank began to transform into a data-driven organization in 2011. Meanwhile, the bank has used Dataiku to support its increasingly sophisticated AI projects. The bank has grown from a few users and use cases to over 150 Dataiku users and wide adoption of AI in various departments such as marketing, sales, finance, risk management and audit.
“We have been working with Rabobank for some time and have seen its progression from a relatively small center of excellence to AI use cases that are built into virtually every business unit and used by hundreds of employees. and customers, ”said Nadim Antar, vice president. Sales and GM UK-Northern Europe at Dataiku. “This is exactly the growth model we had in mind when we developed Dataiku. It’s all about the business – from selecting the right projects to creating added value. Running data initiatives within an IT team or even a dedicated data team can never deliver the depth and value provided by domain experts. The secret is to make the two work closely together.
One of the main projects that Rabobank has developed together with Dataiku is the “RATE system”, which gives clients an overview of their transactions and guarantees financial transparency. The model – developed using Dataiku – combines business logic with statistical models and neural networks, all published in an API, so that transactions that occur in near real time (seconds) are tagged.
“Innovating with AI is necessary to remain competitive. Rabobank is not the only financial institution with a lot of data and use cases, so we are constantly working to improve the customer experience with more and more cutting edge use cases ”, said Roel Dirks, Chief of Big Data Lab product at Rabobank. “Dataiku is the ideal partner to do this successfully. The speed at which it releases new features is amazing. Dataiku is a leading player in data science and advanced analytics for a reason. “
Analytical working method
In addition to technology, Rabobank’s success is also due to its ‘Analytics Way of Working’ methodology, a unique approach to using case prioritization and an organization-wide framework to extract more value of AI projects.
In addition to customer service, Rabobank is also innovating with AI to provide a data-driven approach to risk and IT. Learn more about how Rabobank built their RATE system, and get an overview of these additional use cases from across the business and how they work analytically in this new eBook.
Dataiku is the world’s leading AI and machine learning platform, supporting agility in organizations’ data efforts through collaborative, resilient, and responsible AI, all enterprise-wide. Hundreds of companies use Dataiku to support their essential business operations and ensure they remain relevant in a changing world, including fraud detection models, customer churn prevention, predictive maintenance, l supply chain optimization and much more. Dataiku is designed for companies looking to democratize AI in their organization, bringing agility and business readiness through the use of data by everyone, from analysts to data scientists.
Victoria Hourigan, CommsCo, [email protected]