Software company SAS will invest $1 billion in infrastructure and development of toolsArtificial intelligence.
Software and analytics company SAS will invest $1 billion over the next three years to develop advanced analytics solutions .Artificial intelligencefor industries such as banking, government, insurance, healthcare, retail, manufacturing and energy.
The money will go toward research
and development; industry-focused line-of-business teams; and marketing efforts. It will also fund the work of SAS data scientists , statisticians and software developers , who will work with consultants, systems engineers and marketing specialists.
The announcement was made during the SAS Innovate 2023 event , where its CEO, Jim Goodnight, assured that these investments are made with the aim of helping companies that use AI ,Machine Learningto combat fraud, manage risk and serve customers and citizens.
SAS Viya: Everything You Need
The goal is to make advanced analytics solutions andArtificial intelligence, are easy-to-use tools for all employee profiles.
“Let business analysts improve fraud detection and prevention; urban planners improve public health and safety; medical staff improve patient care; and frontline workers optimize factory assembly lines.”
Jim Goodnight, CEO of SAS.
With this type of investment, SAS will continue working on the development of Viya , the analytics platform andArtificial intelligencemassive cloud- native architecture that runs 30 times faster than its commercial and open source software alternatives.
SAS Viya is also 49 times faster than a Spark-based Data/AI platform, in some cases up to 326 times faster.
This platform helps users reduce laos whatsapp number data computing costs and consider more data to make smart decisions quickly.
Furthermore, it is more scalable than alternatives with larger and more complex data sets, reducing execution times.
In terms of profitability, users can reduce costs by up to 86%.
What’s new in Customer Intelligence 360
During SAS Innovate 2023, the company also introduced the latest enhancements to the SAS Customer Intelligence 360 platform the depth of interaction with that helps marketing professionals access data sources in the cloud.
This new enhancement accelerates cmo email list time-to-market for customer acquisition and the activation of data from disparate sources with ease and control.