DataRobot Case Studies Citi Ventures Invests in DataRobot for Pioneering Automated ML

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	Citi Ventures Invests in DataRobot for Pioneering Automated ML DataRobot

Citi Ventures Invests in DataRobot for Pioneering Automated ML

DataRobot

Technology Category	Analytics & Modeling - Machine Learning Analytics & Modeling - Big Data Analytics
Applicable Industries	Finance & Insurance
Applicable Functions	Discrete Manufacturing Quality Assurance
Use Cases	Predictive Maintenance Fraud Detection
Services	Data Science Services
Challenge	Citi Ventures, the innovation arm of Citibank, is constantly on the lookout for emerging trends in technology and financial services that can help solve challenges faced by Citi and its clients. Since its inception in 2010, Citi Ventures has invested in over 100 different companies to enhance Citi’s products and services. However, the organization was seeking innovations that could solve challenges for Citi and its customers more efficiently. They were particularly interested in the field of AI and machine learning, which they saw as game-changing for the financial industry. They were looking for a solution that could empower both data scientists and business users, automating much of the modeling process and freeing up their time to focus on solving complex business problems. Read More
About Customer	Citi Ventures is the innovation arm of Citibank, a multinational investment bank and financial services corporation headquartered in New York City. The organization is dedicated to harnessing the power of Citi to help people, businesses, and communities thrive in a world of technological change. Citi Ventures explores, incubates, and invests in new ideas in partnership with Citi colleagues, clients, and the innovation ecosystem. The team focuses on six key areas: Financial Services & Technology, Commerce & Payments, Data Analytics & Machine Intelligence, Security & Enterprise IT, Marketing & Customer Experience, and Property Technology. Since its formation in 2010, Citi Ventures has invested in more than 100 different companies to augment Citi’s products and services. Read More
Solution	Citi Ventures chose to invest in DataRobot, recognizing it as a market leader in extending AI and machine learning beyond data science teams. DataRobot's AI Cloud platform covers the entire modeling lifecycle, from data preparation to deployment into production to model monitoring and risk management. This comprehensive solution appealed to Citi Ventures, as it allowed their data scientists to focus more on interpretation rather than setting up models. The platform also integrates well with Snowflake and Databricks, enabling customers to get more out of their investments in AI and machine learning. With DataRobot AI Cloud, Citi data scientists and other business users were able to cut much of the data prep and monitoring associated with modeling. The solution narrows down models that may be the best fit and allows Citi to tap into hundreds of millions of models across all DataRobot customers. Read More Log in to view content
Contents

Technology Category

Analytics & Modeling - Machine Learning

Analytics & Modeling - Big Data Analytics

Applicable Industries

Finance & Insurance

Applicable Functions

Discrete Manufacturing

Quality Assurance

Use Cases

Predictive Maintenance

Fraud Detection

Services

Data Science Services

Challenge

Citi Ventures, the innovation arm of Citibank, is constantly on the lookout for emerging trends in technology and financial services that can help solve challenges faced by Citi and its clients. Since its inception in 2010, Citi Ventures has invested in over 100 different companies to enhance Citi’s products and services. However, the organization was seeking innovations that could solve challenges for Citi and its customers more efficiently. They were particularly interested in the field of AI and machine learning, which they saw as game-changing for the financial industry. They were looking for a solution that could empower both data scientists and business users, automating much of the modeling process and freeing up their time to focus on solving complex business problems.

About Customer

Citi Ventures is the innovation arm of Citibank, a multinational investment bank and financial services corporation headquartered in New York City. The organization is dedicated to harnessing the power of Citi to help people, businesses, and communities thrive in a world of technological change. Citi Ventures explores, incubates, and invests in new ideas in partnership with Citi colleagues, clients, and the innovation ecosystem. The team focuses on six key areas: Financial Services & Technology, Commerce & Payments, Data Analytics & Machine Intelligence, Security & Enterprise IT, Marketing & Customer Experience, and Property Technology. Since its formation in 2010, Citi Ventures has invested in more than 100 different companies to augment Citi’s products and services.

Solution

Citi Ventures chose to invest in DataRobot, recognizing it as a market leader in extending AI and machine learning beyond data science teams. DataRobot's AI Cloud platform covers the entire modeling lifecycle, from data preparation to deployment into production to model monitoring and risk management. This comprehensive solution appealed to Citi Ventures, as it allowed their data scientists to focus more on interpretation rather than setting up models. The platform also integrates well with Snowflake and Databricks, enabling customers to get more out of their investments in AI and machine learning. With DataRobot AI Cloud, Citi data scientists and other business users were able to cut much of the data prep and monitoring associated with modeling. The solution narrows down models that may be the best fit and allows Citi to tap into hundreds of millions of models across all DataRobot customers.

Impact #1	Citi was able to automate 80% of the modeling process, leading to 10 times the productivity.
Impact #2	The AI Cloud platform helped Citi understand customer interactions and sentiments to improve satisfaction and retention.
Impact #3	The platform aids in underwriting decisions, leaving the more sophisticated cases to experienced team members.

Impact #1

Citi was able to automate 80% of the modeling process, leading to 10 times the productivity.

Impact #2

The AI Cloud platform helped Citi understand customer interactions and sentiments to improve satisfaction and retention.

Impact #3

The platform aids in underwriting decisions, leaving the more sophisticated cases to experienced team members.

Benefit #1	10 times increase in productivity due to automation of 80% of the modeling process.
Benefit #2	Improved customer satisfaction and retention through better understanding of customer interactions and sentiments.
Benefit #3	Efficient underwriting decisions with sophisticated cases handled by experienced team members.

Benefit #1

10 times increase in productivity due to automation of 80% of the modeling process.

Benefit #2

Improved customer satisfaction and retention through better understanding of customer interactions and sentiments.

Benefit #3

Efficient underwriting decisions with sophisticated cases handled by experienced team members.

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Overview

Citi Ventures Invests in DataRobot for Pioneering Automated ML

Operational Impact

Quantitative Benefit