Between trailing lines of ones and zeros is Soumit Roy, an expert in artificial intelligence (AI) for the Data analytics world. He began like many others. Armed with a Bachelor's Degree in Electronics and a thirst for data science knowledge, Soumit mastered deep learning and eventually emerged with a Master's Degree in Data Science.
Soumit Roy is an accomplished professional in the field of analytics and Artificial Intelligence (AI). He has demonstrated exceptional skills in navigating complex global engagements related to analytics and AI. Throughout his career, Soumit has received prestigious awards and has been instrumental in the adoption of solutions in this domain, highlighting his capabilities in analytics and AI.
For 14 years, he worked at the venerable Tata Consultancy Services (TCS), ascending through the ranks of analytics until he encountered greater challenges. Eventually, Jade Global offered him to lead the presales and solution department of Data & AI.
Understanding Financial Analytics
In today's digital age, data is proliferating at an unprecedented rate. Effective interpretation and analysis of data have become crucial for business decision-making. Data analytics plays a vital role in transforming raw data into insights that drive business strategies.
The digital transformation era demands a strategic utilization of data as a critical element for success. In this context, the ability to transform raw data is paramount for businesses to outpace their competitors.
Navigating this requires experts like Soumit Roy, whose expertise in harnessing data spans various sectors, including finance, human resources, marketing, and sustainability. His proficiency in data analytics and AI has enabled him to contribute to diverse industries.
Furthermore, financial analytics itself is the study of financial data to make well-informed business decisions. It uses mathematical and statistical methods to gain insights from financial information, such as financial reports, market data, and economic indicators.
"The main purpose of financial analytics is to help businesses control risks and grow ever larger. It's my job to make it as easy as possible," Roy explains.
By analyzing financial data, companies can identify trends, patterns, and unusual things that may not be obvious through traditional financial reporting. Companies can then use the information to find areas where costs can be reduced, and revenue can be increased.
A Digital Tool with Real-World Capabilities
Despite the complexities of analyzing large-scale financial data, Roy has proven himself a true virtuoso. His work, Finance Assist, is a powerful tool that converts complex financial data into clear, insightful ones.
"Finance Assist is effective because of its advanced data models, key performance indicators, and dashboards," Roy explains. "It connects with all sorts of enterprise data applications, allowing us to combine organizational data from numerous sources."
An essential feature of Finance Assist is its ability to upgrade older financial analytics platforms like Oracle Discover and Oracle BI apps to modern frameworks based in the cloud. This streamlines migrating to new systems by reducing the amount of manual work required, ensuring operations run smoothly and effectively.
Finance Assist's automation and AI-driven insights save businesses a significant amount of time and resources compared to traditional methods. Its advanced analytics allow companies to make data-driven decisions.
Honored with Oracle's Endorsement
Roy's tool has not gone unnoticed by the tech world. His Finance Assist (and AI-driven global warming control system) has been enshrined in the hallowed Oracle Cloud Marketplace, showcasing their significance in modernizing analytics workloads on the Oracle cloud infrastructure.
"I'm ecstatic that Finance Assist has been approved for the Oracle Marketplace. It's incredible to see an industry giant recognize my hard work. Next, I hope to develop applications that are even greater than Finance Assist," Roy remarks.
Looking to a World of Coded Decisions
As the financial sector prepares for larger waves of big data and AI, Roy's contributions point to a world where advanced analytics and AI are integrated into financial decision-making. "Finance's future will be determined by algorithms and those willing to use them," Roy declares. "It is not a matter of 'if,' but of 'when'."
Soumit's significant contributions underscore the transformative power of analytics and AI in propelling the industry forward. His ongoing research and industry analysis set a benchmark for excellence, improving product development and go-to-market strategies by showcasing the benefits of strategic investments in these fields. His accomplishments provide crucial insights for companies undergoing digital transformation, especially in enhancing operational efficiency and market agility. With Soumit Roy's recent research into artificial intelligence and machine learning, the next step in AI-driven financial decision-making is closer than many think.
