Solutions based on artificial intelligence (AI) are now helping rating agencies predict the future with better results.
"CareEdge Ratings has been at the forefront of integrating AI and ML (machine learning) into its credit rating processes. By leveraging AI-driven predictive analytics, CareEdge Ratings enhances its ability to assess credit risk with greater accuracy and efficiency," says Mehul Pandya, managing director and group chief executive officer of the agency.
"The agency employs advanced AI models to analyze a wide range of data sources, including financial statements, market trends, and alternative data, to provide comprehensive and reliable credit ratings." The agency says that it uses tools for natural language processing - the ability of a computer program to understand human language as it's spoken and written - to automate the extraction and analysis of financial disclosures, filings, and news articles. The capability improves the agency's ability to assess sentiment and identify potential risks, providing more accurate and timely insights about credit risk.
AI and machine learning tools can analyze a variety of information like financial statements, market trends and price fluctuations. They continuously learn and adapt.
Diese Geschichte stammt aus der December 09, 2024-Ausgabe von Business Standard.
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Diese Geschichte stammt aus der December 09, 2024-Ausgabe von Business Standard.
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PRASOON JOSHI (53) began as a writer in his teens, did an MBA and then got into advertising. From Daag Ache hain (Surf Excel) to Thanda Matlab Coca-Cola, his work shone with an Indianness that changed the way marketers spoke to consumers. His second foray into writing, as a lyricist (Taare Zameen Par, Delhi 6, etc), dialogue writer (Rang De Basanti) and then a scriptwriter (Bhaag Milkha Bhaag) has been successful. In 2017, he became the head of the Central Board for Film Certification (CBFC). In November this year, Joshi forayed into theatre, with Rajadhiraaj: Love. Life. Leela., a musical depicting the journey of Shri Krishna. In a video interview, Vanita Kohli-Khandekar spoke to Joshi about the play and other things. Edited excerpts:
STAR TREK
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