Edinburgh-based knowledge innovation organisation Good Knowledge Foundry is relaunching its artificial knowledge platform, ‘Aizle’, alongside a brand new stand-alone web site to facilitate plans for future enlargement and diversification.
The relaunch follows a interval of sustained progress for Good Knowledge Foundry, which has seen its consumer base and workforce broaden in keeping with the rising demand for its companies.
Created in 2023, Aizle has grown from a small analysis initiative using two knowledge scientists to a 15-strong division with enterprise shoppers together with NatWest Group, Monetary Conduct Authority (FCA), TISA and the Division for Enterprise and Commerce.
Aizle leverages AI simulation to generate advanced and huge artificial datasets with out the necessity for actual knowledge. This offers knowledge the place actual knowledge is unavailable, insufficient, biased, or compromised by privateness points.
David Tracy, head of information merchandise at Good Knowledge Foundry, stated: “Curiosity in Aizle’s capabilities has soared, making it the proper time to construct a brand new model and web site to showcase its potential. The market is beginning to recognise that agent-driven artificial knowledge is not only hype however a confirmed, reliable car for driving innovation and advancing AI initiatives.”
By offering artificial knowledge, Aizle permits innovation in areas beforehand thought-about too tough or costly to discover.
Aizle at the moment offers artificial knowledge to monetary organisations for makes use of resembling testing a prototype technological answer, coaching AI and generative AI fashions, or powering sandboxes to help innovation initiatives, with ambitions to become new markets like vitality, SME finance, house shopping for and telecoms.
“We’re passionate in regards to the alternatives artificial knowledge affords for unlocking innovation and disrupting the established order. It advantages not solely massive enterprises but in addition empowers start-ups and SMEs. These smaller organisations, which could wrestle to afford or entry the required knowledge, can now compete on a stage taking part in area with main monetary service establishments,” Tracy defined.
A ‘safer manner’ to check new functions
Aizle makes use of AI expertise to simulate the actions of artificial individuals and companies inside a customisable framework of behavioural guidelines and patterns. This generates knowledge about individuals’s jobs, spending, and monetary relationships; about companies’ payments, money move, and obligations; and hyperlinks all of this to the massive issues to unravel like fraud scams, environmental impression, ethics, and knowledge privateness.
David Tracy can also be a member of the FCA Artificial Knowledge Professional Group and defined why the regulator sees worth in artificial knowledge: “Regulators just like the FCA and Info Commissioner’s Workplace are convening cross-industry consultants and driving the dialog on how private knowledge is used.
“They’re encouraging the corporations they regulate – like banks, vitality suppliers, and telecommunications firms – to minimise using actual knowledge and use artificial knowledge as an alternative, as it may be a sooner and safer solution to successfully take a look at new functions and AI initiatives.”
Latest Aizle initiatives have included working with the Monetary Conduct Authority (FCA) and Fee Methods Regulator (PSR) to innovate within the space of Authorised Push Fee Fraud.
