What’s Different
In today’s fast changing environment, organizations need timely and actionable insights from their data. However, they are often constrained by a fragmented enterprise information landscape where data exists in silos – disparate and isolated. While many unanticipated questions and information requirements arise, users are disconnected from the data they need for decision making. This leads to a focus on ad hoc reports and time consuming, expensive IT integration. Wasting effort and opportunities while increasing risk.
Now imagine… What if we could connect, access, explore and analyse data in a much more intuitive way – like how our brain works? Our mind does not store data in isolated silos, requiring reports to make sense of it. And new data coming in automatically gets connected and linked to what we already know, forming a continually expanding data ecosystem.
Latize Ulysses, our core software platform, is an ‘agile decision engine’ which combines artificial intelligence and semantic analysis technology to automatically link related entities such as persons, companies and products across multiple systems and sources. It brings to light hidden and unused internal data, while providing context to big data, and powers end-to-end AI based solutions to allow organizations to leverage and monetize their own as well as external data. What’s more, it lets any user – business, analyst or IT – access and explore all of this data (as long as they have the access rights) within the enterprise the same way they do on the World Wide Web – with a browser.
Enabling true Data Democratization.
How it Works
Access All Relevant Data
The foundational challenge for any data driven decision making lies – no surprise – with the data. Ulysses not only brings your disparate data together, but also applies pre-built enrichment rules to enhance, refine or generally improve the quality of your raw data. Once this data is transformed into an intelligent Ulysses knowledge base using semantic processing, any user can have real time access to all relevant data through an intuitive visual UI.
Explore and Analyse
Leveraging Ulysses’ intelligent knowledge base, the out-of-the-box 360°view capability empowers users to see all information about any entity of interest, e.g. a customer, product, transaction, or even a day – in just a click. Leveraging the semantic connections, the user can then discover relationships in any direction. With Ulysses, a user can browse data much like they browse the www – dynamically and without any pre-defined reports or dashboards. Further UI driven ‘slicing and dicing’ features enable data scientists or even business users to quickly build, validate and refine business hypothesis in real time.
Decide on the Best Course of Action
To enable data-driven decision making, Ulysses’ advanced analytics module with pre-defined algorithms is configured for specific business outcomes (e.g. provide recommended client credit risk rating or surface red flags on potential trade based money laundering activities). This allows the organization to quickly devise targeted strategies to increase revenue and reduce risk. As Ulysses provides the key reasons for each recommendation, the interpretation and evaluation of recommended actions is much more intuitive.
Execute and Validate
The final step is to link decisions to actionable outcomes and enable continuous improvement, resulting in end-to-end AI based custom solutions that increase revenue, reduce risk and save time. ‘Last Mile’ execution can take place from within Ulysses or through seamless interfacing with other systems (e.g. Enterprise Risk, KYC). Continuous improvement of results is enabled through machine driven feedback data evaluation & fine-tuning.
Benefits
Improve Business Agility
Access Ulysses intelligent knowledge base for real time decision making (like internet browsing) – instead of waiting for dashboard configurations and updates. Explore (Ulysses’ data fabric) – Discover (connections and/or opportunities/threats) – Act (suggest next best action, expose potential fraud, investigate further)
Be Confident of the Data
Be confident that all your relevant data is taken into account for the decision you need to make whether through a business solution (e.g. SMART credit risk or ATRiM) or knowledge base exploration. Be confident that data you are working on is accurate, relevant and applicable by reviewing the data lineage
Achieve your Business Goals faster
Build specific custom solutions rapidly by using modular cutting-edge technology and curated external data in a single platform to solve specific business challenges. Customised solution realisation has not been this quick and future-proof. By surfacing previously unknown facts and providing answers to questions you did not (yet) ask through Ulysses’ unique data fabric, building business solutions has not been this rewarding!
Technical Details
Ulysses’ data utilization philosophy is driven by the desire to provide a seamless user experience. Data and Insights can therefore be materialised through:
Standalone Ulysses Solutions
SCRA and ATRiM are some of the solutions that has been built on Ulysses platform’s capabilities and semantic data. These solutions’ efficacy in a production environment and rapid speed of deployment is a testament to Ulysses’ capability of delivering superior business solutions almost instantaneously.
Data as a Service
with API-based connectors to provide the required data or outcomes (e.g. risk ratings, red flag indicator for AML, HS Codes for trade) for Applications and Transactional systems
Existing system enhancement
by embedding selected Ulysses functionalities (e.g. 360 customer view, predictions, anomaly detection) through API-based connectors in existing application or workflow system like Risk Rating, AML, etc.
Ulysses has been built from ground-up to be micro-service-architecture oriented; which means every “component” is architected to be modular and can be scaled up or scaled out depending upon use case and run-time requirements
Solutioning
When coming up with a specific solution, thanks to Ulysses’ modular approach, the relevant components will be selected to address the customer’s specific requirements. The various intelligent data processing, graph modelling and prediction elements can be mixed and matched to configure cohesive self-contained solutions
Analytical Modelling
Pre-built Semantic Graph models and Machine Learning models such as Graph Search, Knowledge Graph Reasoning, Clustering, Associative Rules Mining, Anomaly Detection, etc. comes pre-loaded with the platform and relevant models will be selected to suit solution needs. Once these models are selected, they will go through a rigorous process of model fitting, training, performance evaluation, predictions, fine-tuning and running multiple experimentation cycles.
Platform Agnostic Deployment
Leveraging its containeration approach, Ulysses can run on any environment with minimal configuration. Whether on Cloud – e.g Azure, AWS, GCP or On Premise – e.g. Windows, Linux
No Need for Data Replication
If the customer has a Data Lake, Ulysses is installed on top. If the customer does not have a Data Lake and wants to avoid data proliferation, Ulysses Data Virtualisation modules will be utilised to access data from individual client repositories without physically moving data