During GoDataFest 2019, Bijan Ranjbar-Sahraei, Mariane Pinheiro and Narendra Parigi share how Exact introduced data science to their business. For the past 35 years, thousands of Dutch small and medium enterprises have done their bookkeeping with Exact software. To help them make the most out of their data, two years ago Exact has taken up the challenge of revolutionizing its software, introducing Machine Learning and robotics to support full automation of data entry and Data Science to deliver key financial insights and advice to each and every one of its 400000 customers.
The new data-driven products of Exact could have never been successfully implemented without the effective use of big-data technologies, Machine learning, and micro-services. At Exact, the data science department has joined forces with product development to realize products that can digest a large amount of data, extract features from structured and unstructured data, and leverage data to develop machine learning models. Serving the model in real-time, comply with all legal regulations and continuous integration as well as the development has taught us many lessons that we would like to share with you. We will introduce the project of mapping bank transactions to different bookkeeping categories by using various AWS services such as EMR, Lambda, Sagemaker, Step Functions, and CloudWatch. We will also explain how our end-users benefit from the developed tools.
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