{"id":412913,"date":"2021-01-12T08:03:20","date_gmt":"2021-01-12T13:03:20","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=412913"},"modified":"2021-01-12T08:03:20","modified_gmt":"2021-01-12T13:03:20","slug":"new-modelop-center-capabilities-improve-governance-management-and-monitoring-of-artificial-intelligence-and-machine-learning-models","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/new-modelop-center-capabilities-improve-governance-management-and-monitoring-of-artificial-intelligence-and-machine-learning-models\/","title":{"rendered":"New ModelOp Center Capabilities Improve Governance, Management and Monitoring\u00a0of Artificial Intelligence and Machine Learning Models"},"content":{"rendered":"

\nModelOp Center unlocks the value of AI and ML investments, reducing model operationalization costs by as much as 30% and accelerating time to operationalization by 50%\u00a0
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CHICAGO, Jan. 12, 2021 (GLOBE NEWSWIRE) — ModelOp, the pioneer of ModelOps software for large enterprises, today announced several upgrades to its ModelOp Center software that improves how artificial intelligence (AI) and machine learning (ML) models are governed, managed and monitored, enabling customers to make smarter decisions based on reliable, compliant and scalable AI initiatives.\u00a0<\/p>\n

AI and ML adoption is on the rise as more organizations turn to technology to improve customer service, detect fraud, and advance their digital businesses. However, many of these organizations struggle to operationalize AI and ML models after they\u2019re developed. According to Gartn<\/u>e<\/u>r<\/u><\/a>, more than 50 percent of AI models never go into production fully due to insufficient model operational processes.<\/p>\n

ModelOp Center addresses this challenge by automating the governance, management and monitoring of post-development AI\/ML models across platforms and teams, accelerating time to production, and reducing costs and business risks.<\/p>\n

\u201cAI and ML technologies are making tremendous contributions to industries like banking, finance, insurance, healthcare and manufacturing, but only if they are actually used for production business decisioning and working properly,\u201d said Dave Trier, ModelOp vice president of product. \u201cAI and ML models require oversight to ensure they\u2019re producing the most accurate information, while remaining in compliance with regulatory, business, and technical constraints. ModelOp Center provides the governance, management and monitoring needed to unlock the value of AI and ML investments, ensuring they scale and perform as expected.\u201d<\/p>\n

New capabilities included in the ModelOp Center upgrade include:\u00a0<\/p>\n