BOSTON--(BUSINESS WIRE)--DataRobot, the leader in machine learning automation, today announced a new milestone in AI adoption: since January 2015, customers have run more than 200 million predictive analytics models in the DataRobot Cloud. LendingTree, the online loan marketplace that connects consumers with multiple lenders, banks, and credit partners, achieved this milestone for the company.
Using DataRobot, companies quickly deploy machine learning models to uncover hidden opportunities and predict future outcomes from vast amounts of data. Previously deployed by expensive and elusive data scientists, these sophisticated models have the ability to learn without being explicitly programmed, making them fundamental to big data strategies.
With DataRobot, LendingTree remains the market leader through an AI-driven approach to product development. LendingTree uses DataRobot Cloud to improve the consumer experience by providing personalized options, while also predicting the likelihood of a consumer taking a loan.
“The number of models run in the DataRobot Cloud - which excludes DataRobot on-premise enterprise customers - is an indicator of the adoption of machine learning in business decision making,” said Jeremy Achin, CEO and cofounder of DataRobot. “What was once the domain of costly data science projects now becomes a mainstream function for business users in modern companies. This milestone demonstrates the growing adoption rates of DataRobot while showcasing the robustness, scalability and performance capabilities of the DataRobot Cloud."
“At LendingTree, we recognize that data is at the core of our business strategy to deliver an exceptional, personalized customer experience. DataRobot transforms the economics of extracting value from this resource. Our business professionals are involved in most projects, freeing our data scientists to focus on our most complex challenges,” said Akshay Tandon, vice president of strategy and analytics at LendingTree. “Learning that we had executed DataRobot's two-hundred-millionth model is both exciting and telling of AI’s importance in business decision making.”
About LendingTree
LendingTree (NASDAQ: TREE) is the nation's
leading online loan marketplace, empowering consumers as they
comparison-shop across a full suite of loan and credit-based offerings.
Since inception, LendingTree has facilitated more than 65 million loan
requests. LendingTree provides free monthly credit scores through My
LendingTree and access to its network of over 450 lenders offering home
loans, personal loans, credit cards, student loans, business loans, auto
loans and more. LendingTree, LLC is a subsidiary of LendingTree, Inc.
For more information go to www.lendingtree.com.
About DataRobot
DataRobot offers an enterprise machine
learning platform that empowers users of all skill levels to make better
predictions faster. Incorporating a library of hundreds of the most
powerful open source machine learning algorithms, the DataRobot platform
automates, trains and evaluates predictive models in parallel,
delivering more accurate predictions at scale. DataRobot provides the
fastest path to data science success for organizations of all sizes. For
more information, visit www.datarobot.com.
