Equifax: Adoption of Cloud, AI Technologies Drive Company's ‘Next Chapter'

Equifax expects its transition to cloud and artificial intelligence (AI) technology to deliver cost savings and drive innovation in 2024 and beyond. The global data, analytics and technology company said in a Thursday (July 18) earnings release that it is leveraging its new EFX Cloud and that 89% of its new models and scores are now being built using AI and machine learning (ML). The firm has increased its percentage of new models and scores built using AI and ML to 89% from 85% in the first quarter, 70% in ...