The idea developed into a multi-year cooperation with the renowned University of Applied Sciences Upper Austria, Hagenberg Campus and the team led by Prof Andreas Stöckl.
There was great joy when the research project CRISAM.AI – Artificial Intelligence in Risk Management was approved for six-figure funding by the Austrian Research Promotion Agency FFG in July 2020. The starting signal for intensive collaboration, exciting discussions and a lot of work in a wide variety of areas.
The tasks are clearly distributed: Hagenberg University of Applied Sciences is an expert in the fields of machine learning and natural language processing, while CALPANA is an established provider of methods and solutions specialising in quantitative risk management.
Who could be better suited to tell us more about this project than the initiator of the project, risk management expert and Managing Director of CALPANA business consulting GmbH Günther Angerbauer.
Günther, if you could explain the project to my grandma and, above all, the benefits. What would you tell her?
I would say it has something to do with computers and she can sleep more peacefully because the company has all the risks under control.
What was the motivation for you to start this project?
What drives us every day is to take the topic of risk management to the next level for our customers. Recognising risks in real time means shaping the company’s future positively today.
Where do you currently stand in the project? Can you already reveal the first results?
We have completed the prototype and have already evaluated it with around five customers. The customers were enthusiastic and the feedback from the evaluation is currently being incorporated.
How is the research project integrated at CALPANA? Can you tell us more about the team and the tasks?
We have put together an interdisciplinary team of software developers, software architects, data scientists and risk consultants and meet monthly as a whole. In between, smaller teams work on the work packages.
Thank you for the interview, dear Günther!
As a Risk Consultant at CALPANA, my degree in statistics makes me an important link between risk management and AI methods. I can and am allowed to actively contribute my ideas and experience in our project meetings with the management. When I open the prototype, I am very happy because I know the AI algorithms in the background and I know what changes this product can bring about in the future and that we are pioneers in this field.
Would you like to find out more about the exciting topic of artificial intelligence and risk management? Then take a look at the website of the research project: CRISAM.AI
Is your company interested in being one of the first to use CRISAM.AI and benefit from the advantages of real-time risk management? Then take a look here to see how you can participate.
Are you interested in working with us? Then take a look at the current vacancies. We are always looking for motivated people who can think outside the box and are keen to familiarise themselves with new topics or even have some experience in the field of artificial intelligence.
