Here at H2O.ai one of our most important partners is Capital One, and we’re proud to have been working with them for over a year. One of the world’s leading financial services providers, Capital One has a strong reputation for being an extremely data and technology-focused organization. That’s why when the Capital One team invited us to their offices in McLean, Virginia for for a full day of H2O talks and demos we were delighted to accept. Many key members of Capital One’s technology team were among the 500+ attendees at the event, including Jeff Chapman, MVP of Shared Technology, Hiren Hiranandani, Lead Software Engineer, Mike Fulkerson, VP of Software Engineering and Adam Wenchel, VP of Data Engineering.
A major theme throughout the day was “vertical is the new horizontal,” an idea presented by our CEO Sri Ambati, about how every company is becoming a technology company. Sri pointed out that software is becoming increasingly ubiquitous at organizations at the same time that code is becoming a commodity. Today, the only assets that companies can defend is their community and brand. Airbnb is more valuable than most hospitality companies, despite owning no property, and Uber is more valuable than most transportation companies, despite owning no vehicles. And if “software is eating the world” then artificial intelligence (AI) is eating software, as traditional rules-based models no longer cut it in today’s rapidly changing world.
Our partnership started about a year ago, where we met in California, and learned about the value proposition of H2O. To be honest, I think we were all floored by what we saw. – Jeff Chapman
This was obviously an important message for attendees at Capital One, who were looking to learn more about AI and machine learning. Of particular interest was how machine learning and AI can help with use cases such as personalization and fraud detection and how the technology can drive future data-driven decision making. Attendees also had a chance to share their experiences using H2O to analyze and score models with their colleagues across business units. The event fit perfectly into H2O.ai’s vision of a grassroots community that encourages cooperation and the sharing of information. We look forward to continuing to work with Capital One, and all of our partners, to promote the democratization of data science and the growth of open source communities.