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AI Doesn’t solve Problems. Data Does!

Adwait Joshi
Chief Seer

AI Doesn’t solve Problems. Data Does!

Data doesn’t’ lie. Rarely, though, is someone looking at it thoroughly enough to evaluate its full truth.  Data can get complex and overwhelming. Transactions come in various sizes, shapes, and speeds. With every second that passes, more and more data is being generated; banks and FIs are struggling to keep up. Data quality, however, is essential and even the most advanced AI algorithms won’t work properly if the data set is messy and cluttered. 

If Data is compared with gold, called the lifeblood of a corporation, why is it then people not really harnessing the power of Data? Is it the lack of talent, lack of technology, lack of strategy or lack of attention? Companies that can tame this Data Demon can win the battle. 

Adwait Joshi, an expert on Big Data, AI and a payments geek talks about strategies that community banks and credit unions can use to overcome this challenge.

DataSeers Overview:

DataSeers is an Atlanta-based FinTech focused on helping banks and FinTechs with handling their most complex back-office operations by providing a single comprehensive solution. FinanSeer is an AI-powered software that’s specifically built for the banking and payments industry to deliver crisp analytics across four major verticals: Reconseer (reconciliation), ComplianSeer (compliance), FraudSeer (fraud), and StrataSeer (analytics). All derived analytic information then culminates within the user-friendly web-based application. No matter the volume, variety and velocity of the data, FinanSeer handles it with ease. DataSeers has won several awards and been recognized for its innovation and fast growth by many third parties.

Adwait's Bio:

Adwait, as his name suggests is a truly unique individual. The Adwaita philosophy by the world guru Adi Shankaracharya, defines Adwait as a non-dual (no one like him exists in this universe), this is especially true if you know Adwait, his creativity, passion and personality is quite addictive and makes a long lasting impression on anyone who crosses paths with him.

Adwait was not only a straight A student in school but was always interested in business opportunities, from simple projects like collecting a group of kids from the neighborhood and building lanterns to setting up a sugarcane juice stand, he was always the leader. When he was 15 years old he won a scholarship and learned C++. This exposure made him start his first company at the age of 15, AD’s Computers, was extremely profitable and paved a path for Adwait’s future; not only giving him the right exposure but also making enough money to pay for his education. While at University at Buffalo, Adwait’s thesis on Visualization Techniques for Anthropometric Data made the concept of Universal Design easy and became a very important part of UB’s research for the next 10+ years. One might say Adwait has a midas touch because whatever he touches turns into gold. Just out of a passion for music he started a 501c3 in 2004 which has grown to be the largest resource for Indian Music on the entire Internet. Under his leadership, this organization has created a strong platform with 40,000 registered members from 140 countries.

Adwait’s IT career in the US began with Fisher Price where he spent his summer creating tools for mechanical engineers to speed up the design of toys and he was successful in automating a lot of trivial tasks. He then went on to work at Intel where he was given a challenge that had not been solved before, migrating a 3d visualization software to a 64-bit architecture. He not only took that challenge but strenuously worked towards finishing the project and won an award for doing it 4 weeks ahead of schedule. That’s when Adwait found his passion for IT, and it was simple to create solutions to automate tedious manual processes.  He believes in the philosophy of complex problems can be solved with simple solutions. For more than a decade now, Adwait has been working with various verticals solving their Data problems. He has tremendous expertise in big data and analytics. After a successful exit in 2016, he is back in the startup mode. His latest venture DataSeers, is a startup focused on RegTech and helping FinTech companies with Reconciliation, Compliance, Fraud and Analytics. The product has been so majorly successful that within the first year the company is already profitable and winning awards. LexisNexis recently awarded DataSeers an Award for creating a truly unique solution in the market space that uses HPCC Technology.

Register for the webinar here: 

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