Anaconda and Full Spectrum Analytics Partner to Deliver Enterprise Data Science to Banks, Lenders, and Investments Firms
Jun 02, 2018By Anaconda Team
Anaconda, Inc., the most popular Python data science platform provider with 2.5 million downloads per month, is pleased to announce a new partnership with Full Spectrum Analytics, a data science consultancy that applies vast industry experience and advanced analytics capabilities to help lending businesses and retail banks leverage their own data to grow resiliently and achieve sustainable advantage.
The mission of Full Spectrum Analytics is to help clients unlock the power of advanced analytics and better monetize their data. "We want to help banks grow, and a key enabler of this is the appropriate technology, which is where data science platforms like Anaconda Enterprise come in," said Hussain Sultan, Co-Founder of Full Spectrum Analytics. "We put systems into place that enable banks to continuously monetize their data and optimize their decision-making process."
For example, Full Spectrum recently leveraged Anaconda Enterprise in an engagement with a bank to enable credit card profitability and net present value (NPV) analysis for the sake of creating equitable and resilient credit decisions. The experts at Full Spectrum engaged with the bank’s business analysts and data science teams to build out a personalized analytics platform tailored to performing credit analytics. The Anaconda Enterprise platform played a pivotal role for the business analysts to interact with NPV models through a familiar notebook interface.
Similarly, the bank’s data science teams could scale their expertise in Python by leveraging compute resources on Hadoop via Dask along with many scientific Python packages to create and deploy NPV models in a well-governed manner. Moreover, the new NPV engine, powered through Anaconda Enterprise, brought down the run-time for a single NPV scenario experiment—from an average run-time of 45 minutes in a legacy SAS-based system to approximately 20 seconds. As a result, the analysts could produce over ten times more work and go deeper in scenario analysis for a credit decision.
"We're thrilled to work with Full Spectrum Analytics to advance the practical application of enterprise data science in the banking and investments space," said Jon Shepherd, Chief Revenue Officer of Anaconda. "Our enterprise data science platform offers banks the ability to leverage the latest innovations in data science, machine learning, and AI while providing the governance, security, and scale they require."
About Anaconda, Inc.
With over 6 million users, Anaconda is the world's most popular Python data science platform. Anaconda, Inc. continues to lead open source projects like Anaconda, NumPy, and SciPy that form the foundation of modern data science. Anaconda's flagship product, Anaconda Enterprise, allows organizations to secure, govern, scale, and extend Anaconda to deliver actionable insights that drive businesses and industries forward. Learn more: www.anaconda.com
About Full Spectrum Analytics
Full Spectrum Analytics advises banks, lenders, and investments firms. We are experts at leveraging advanced technologies to solve clients' most difficult customer, credit risk, and marketing analytics challenges.