While the in-house data science team focuses on model creation and testing, Intuit implemented Amazon SageMaker in 2017, which cut the time it took to deploy a machine learning model from months to weeks. As a part of this strategy, Srivastava and his team innovate new and unique ways to incorporate machine learning, natural language processing, and knowledge engineering throughout Intuit’s products. Recently, Intuit has declared its strategy to become an AI-driven expert platform, using AI technologies to help its customers find more money with less work and more confidence. “Our aim is to help our users find more deductions.” “For a lot of people in the U.S., their tax refund is the largest check that they get in the mail,” says Ashok Srivastava, a senior vice president and chief data officer at Intuit.
Intuit mint personal budget software#
Intuit, the financial software giant behind QuickBooks and TurboTax, has long worked to create tools that make financial management easier, less time-consuming - and more beneficial for their customers. While the solution to some of these challenges extend beyond money management, getting as much as possible out of existing assets and other financial activities should be high-priority. In the U.S., 15% of people don’t have retirement savings at all. In the U.K., 22% of people don’t expect to be able to afford retirement. In other countries, absent pension programs, many people don’t have the money to retire. In many countries, including Japan, that means putting off retirement to 70 or 75.
With the average lifespan at around 70 for males and 75 for females, people need more money to retire - money that many don’t have. According to one estimate, the 2018 global debt was equivalent to more than $86,000 per person - and more than double the average per capita income.Īnother key global financial issue? Retirement. Debt worldwide is ballooning, and for many that takes the form of private loans like credit card debt and student loan debt (particularly in the U.S.). That’s because the global state of personal finance looks grim. MANAGING MONEY can be a stressful, time-consuming process - but for individuals around the world, there’s never been a more important time to do it effectively.
Intuit’s Machine Learning Helps You Save More Money
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