Tungsten partners with Goldsmiths university, establishes Big Data research centre.

Tungsten has teamed up with Goldsmiths university to establish a research centre.The Tungsten Centre for Intelligent Data Analytics (TCIDA) will:

• undertake research and development into advanced artificial intelligent techniques for undertaking “Big Data” analysis;
• develop more advanced proprietary analytics software to support Tungsten’s overall business and so continually improve its ability to provide state-of-the-art value added services to its clients;
• enable Tungsten to maintain market leadership in the state-of-the-art services that we provide to their clients;
• support three senior professors and fund PhD and post-doctoral research programmes;
• be based in Tungsten’s London office and is expected to begin delivering artificial intelligence software for commercial applications within 18 months.

Edmund Truell, group chief executive of Tungsten Corporation:
“We are looking to extend our lead in the real time analysis of the enormous repository of data to which we add every day. On the banking front, we are entering the next exciting phase of development and now intend to accelerate our disruption of a lending market that continues to neglect the working capital and credit needs of businesses, particularly SMEs [small-to-medium-enterprises].”

Professor Mark Bishop, (academic) Director of TCIDA:
“In the commercial, banking and finance sectors, AI systems and raw computer power have now advanced to the position where modern algorithms can be usefully applied to analyse very large data-sets. Research and development at TCIDA will be targeted to exploit the very latest AI techniques,” he added.”