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Elystar redefines Public Securities Investment with explainable Artificial Intelligence - Founder, Dr Satya Gautam Vadlamudi – ThePrint

#artificialintelligence

Mumbai (Maharashtra) [India], May 7 (ANI/NewsVoir): Since the dawn of the 2000s, Artificial Intelligence (AI) has been making waves through its penetration into various sectors. While AI helps increase efficiency and speed in a system, the lack of feedback when faced with errors has been a glaring concern. Recently developed Explainable Artificial Intelligence (XAI) technology tackles this issue by analyzing data to provide users with explanations for given issues and activities. Utilizing this technology to create investment strategies, Elystar aims to increase net returns by reducing machine/AI-made errors and thereby successfully leveraging the superior insights provided by AI. "Artificial Intelligence in finance is a relatively new concept that is still being explored and experimented upon. While few of the firms experimenting are sparingly using it for short-term trading, we have spent the past 15 months developing models to use it for long-term investments. One simple way to look at this concept is to compare it with Microsoft Excel. While Excel is used in different fields and by different people, it is used in various ways and forms. Similarly, AI has a number of variations in which it can be utilized, so no two approaches may be completely the same. AI not only helps us scale and analyze data rapidly, but the integration of Explainable AI allows us to understand and eliminate unwarranted biases to create a sound investment strategy," said Dr Satya Gautam Vadlamudi, Founder and CEO of Elystar.