AI technology transforms decision-making for Spain’s 4.5 million users by reducing risks such as bias through transparent methodologies
Fujitsu Limited
Tokyo and Madrid, 5 July 2023
Fujitsu Limited today announced a strategic agreement with Spain’s Informa D&B on June 27, 2023 to deliver new value by introducing Explainable AI Technology (XAI) to the business and financial information industry. bottom.
Informa, a benchmark company in Spain and Portugal, draws on continuously updated data on Spain’s 7 million economic entities by a data processing team of over 200 to provide comprehensive commercial and sectoral insights into local business conditions. , financial and marketing insights. User service specialist. As a trusted partner of the Spanish market, Informa provides more than 95% of his financial institutions in the country with reliable risk assessments for their commercial activities.
This collaboration will usher in a new era of decision-making through the incorporation of explainable AI technology. Fujitsu and Informa are fully committed to bringing game-changing innovation to the industry through the introduction of this technology. This will enable Informa’s 4.5 million users in Spain to access highly sophisticated data in an agile and efficient manner, significantly improving the quality of business information solutions.
Under the agreement, Fujitsu will deploy explainable AI technology to process and analyze large amounts of data, classify it, and deliver accurate predictions with complete transparency and visibility. Fujitsu’s technology is designed to ensure trust and understanding at every stage of the process and to ensure alignment with the highest ethical and regulatory standards set by the European Union.
This partnership was made in response to the need to address risk and fraud issues that are not confined to a single sector. In a world where risks such as financial fraud are becoming more sophisticated, explainable and advanced AI is essential. Businesses need to extract predictions, explanations and insights to mitigate risk across a range of financial fraud scenarios.
The value of explainable AI technologies over conventional AI lies in addressing the so-called “black box” phenomenon of AI and providing a basis for predictions and conclusions to increase understanding, transparency and trust in the technology. The technology provides insight into how decisions are made, validates expected outcomes, and identifies biases and outliers, or issues that require further investigation. This ensures that decisions are made impartially based on accurate information, increases confidence in results, and reduces the potential for bias and inaccurate conclusions.
Using Explainable AI technology brings many benefits, such as improved AI performance and reduced bias issues caused by data quality analysis. It also promotes accountability through audits and ensures ethical compliance with industry standards. It helps you understand why and how to detect risks and fraud, reducing positive failures through greater transparency.
Ángeles Delgado, President of Fujitsu Spain, commented:“Fujitsu is very pleased to have signed a partnership agreement with Informa D&B, which will allow XAI, an explainable artificial intelligence technology, to reach Informa’s 4.5 million users in Spain with its potential. This clearly demonstrates Fujitsu’s potential.” We are doing it in a discriminatory way. ”
Informa D&B CEO Juan M. Sainz points out: “For Informa, the challenge of applying XAI to models for which databases are an integral part represents an important milestone and constitutes a qualitative leap in the framework of the solutions we offer our customers. , reliability and transparency are essential factors, and this project meets all these requirements in the production of all our products.”
Fujitsu’s Initiatives for Sustainable Development Goals (SDGs)
The Sustainable Development Goals (SDGs) adopted by the United Nations in 2015 represent a set of common goals to be achieved worldwide by 2030.
Fujitsu pledges to contribute to the vision of a better future realized by the SDGs, with the goal of building trust in society and making the world more sustainable through innovation.
About Fujitsu
Fujitsu’s purpose is to build trust in society through innovation and make the world more sustainable. As the digital transformation partner of choice for customers in over 100 countries, our 124,000 employees are committed to solving some of the greatest challenges facing humanity. Our wide range of services and solutions leverages his five key technologies: Computing, Networks, AI, Data & Security, and Converging Technologies, which combine to deliver a sustainable transformation. Fujitsu Limited (TSE: 6702) reports consolidated sales of ¥3.7 trillion (US$28 billion) for the fiscal year ending March 31, 2023, still trailing Japan in market share. A leading digital services company. For more information, please visit www.Fujitsu.com.
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date: July 5, 2023
City: Tokyo and Madrid
company: Fujitsu Limited
