ModelCraft™ is an automated machine learning and component-based modelling tool that allows simplifying and industrializing the development and validation of advanced analytics models
ModelCraft™ has intuitive components for data processing, advanced analytics model development and interpretability. It allows users to connect to any data repository and to generate modelling workflows in a visual manner and without the need for programming.
ModelCraft™ thus responds to industry needs such as:
Incorporating advanced machine learning algorithms into the modelling process in a simple and intuitive way, such as gradient boosting, elastic nets, ensemble models, random forests, support vector machines or neural networks, among others.
Industrialize and accelerate the modelling process, reuse codes and reduce the time spent on routine and repetitive tasks.
Facilitate access to advanced modelling techniques for non-specialist teams.
Improve the performance, traceability and comparability of models.
Enable the interpretability of models and automate the generation of their documentation.
In short, to improve the model development and validation processes, and to enable the generation of advanced challenger models.
In addition, ModelCraft™ has been developed in the cloud and natively uses the capabilities of auto-scalability and parallel computing.
Thanks to this, ModelCraft™ is a tool to accelerate the transition to a component-based modelling, which is more efficient, more interpretable, more accessible and with lower model risk.
Functionalities of ModelCraft™
ModelCraft™ has a library of predefined components that allows developing the complete modelling lifecycle
Input, connection and download
Input data reader with different formats and delimiters
Model reader in .pkl format
Database connection components (cloud, RDS)
Download of models, files and reports
Obtaining training, test and validation samples
Algorithms for processing highly unbalanced data
Model comparison and selection of the optimal model
Exploratory data analysis
Representation of histograms, pie charts, etc.
Analysis of database structure
Calculation of descriptive statistics
Performance and prediction
Mapping of criteria to training samples, validation and testing
Calculation of metrics and KPIs
Out-of-time analysis and backtesting
Simultaneous connection to different data repositories in various languages (postgresql, mariadb, mysql, oracle, terminal, etc.)
SQL data processing (generation of tables, data manipulation and fetching, table traversal, etc.)
Import and export of files
Variable selection and elimination
Missing variables analysis and imputation
Outlier analysis and treatment
Cálculo de weight of evidence.
Hyperparameter search techniques
Training of supervised and unsupervised models
Variable importance analysis
Branch & bound algorithms
Surrogate model building
Univariate and bivariate analyses
Interpretable trace of the entire development process
Automatic generation of a complete model report
Automated machine learning
Generation of user-created components, including free code, in real time
Determination and optimization of the critical path between components
Encapsulation of components in three levels of depth
Access to Python and R code generated by each component
Features of ModelCraft™
ModelCraft™ enables the application of machine learning techniques in an intuitive and robust way, and it is deployed in a simple, flexible and scalable technology
Ease of use:
The ModelCraft™ interface allows the visual buildup of modelling flows and gives access to all parameterization in an organized way.
Users can create their own components, design their own modelling flows and access the generated Python and R codes..
ModelCraft™ can generate an automatic summary of the model, its variables and its complete development process at the click of a button, describing the decisions made by the user (e.g. the model's hyperparameters) and by the algorithms (e.g. the exclusion rationale for each variable).
ModelCraft™ is constantly evolving and adapting to the needs of the industry; for example, the probability of default (PD) calculation has already been added to the ModelCraft™ component library, and LGD and CCF will be added shortly.
The interface offers full traceability of the developments made, allows access to all the code, and provides logs and traceability functionalities.
Each component in ModelCraft™ has been optimized to maximize computational power, using libraries available from the most advanced programming environments.
ModelCraft™ integrates natively with two proprietary Management Solutions: ModelCraft Integrator™, for putting models into production through a model and rule manager that interacts with operational systems, and ModelCraft Monitor™, for periodic monitoring and backtesting of models.
ModelCraft™ puede implementarse como herramienta on-premise o como software-as-a-service (SaaS) en la nube, de acuerdo con las necesidades del cliente.
Scalability and parallel computing
ModelCraft™ is scalable and takes full advantage of parallel computing capabilities, allowing the processing of large volumes of data and executions with a high computational load.
The designed architecture allows ModelCraft™ to be deployed in a very short time, including an analysis of customer needs, their configuration preferences and necessary customizations..
ModelCraft™ requires reduced IT support, and maintenance includes the deployment of new releases.
Structure of ModelCraft™
ModelCraft™ has two work areas: the data management panel and the modelling panel
The data management panel allows users to connect to any database, and extract, merge and load tables with SQL language. The modelling panel allows, through components, to perform exploratory data analysis, prepare data for modelling, and train and interpret advanced machine learning algorithms.
Simultaneous connection to different data repositories in different languages (postgresql, mariadb, mysql, oracle, terminal, etc.)
Data processing and EDA
Modelling components and advanced machine learning algorithms
Interpretability and automatic reporting components
In turn, the modelling components are structured in three levels of depth: from level 0 (minimum executable task, such as outliers detection or model training) to level 2 (aggregation of components to build an end-to-end modelling process)
ModelCraft™ has been developed cloud-natively, using a Kubernetes-based architecture that enables rapid deployment of the component library and a visual programming frontend.
The ModelCraft™ architecture is focused on different stacked component libraries, allowing the use of the components as microservices, and includes a user, storage and execution manager.
Management Solutions has extensive capabilities and references in the field of advanced modelling, combined with in-depth knowledge of technology and business processes
Management Solutions provides differential value in the field of advanced modeling:
It has extensive experience in the development, validation and implementation of models and algorithms applied to multiple business areas in different industries and sectors.
It has quantitative capabilities and resources with a high degree of knowledge and specialization (two thirds of its staff are STEM).
Specifically, it has teams of data scientists who carry out projects in artificial intelligence and machine learning, as well as an R&D team dedicated to the practical application of AI applied to management.
It has developed a Chair in Big Data and Analytics together with the Universidad Politécnica de Madrid, where it develops lines of research on modelling techniques and artificial intelligence. This has allowed it to develop ModelCraft™ and keep it up to date with the latest advances in modelling and computing.
Thanks to these differential values, Management Solutions implements ModelCraft™ in all its industries and in all the countries where it operates.
Energy & Utilities
Other sectors: manufacturing, pharma, logistics and transportation, tourism, professional services, education, construction and infrastructure, government
Management Solutions is an international consulting firm, focused on business, finance, risk, organization, technology and process consulting.
Management Solutions currently has a multidisciplinary team (functional, mathematical, technical and systems integration) of 2,500 professionals who carry out their activities through 33 offices (16 in Europe, 16 in the Americas and 1 in Asia), from where they provide recurring services to clients operating in more than 40 countries in four major geographic areas: Europe, Asia, Africa and Latin America.
We create value propositions, committing ourselves to their effective implementation, exceeding the expectations of our clients and becoming a trusted partner
Management Solutions' differentiating factor lies in its in-depth knowledge of the businesses in which its clients operate, and its high level of sector and functional specialization.
In order to meet its clients' needs, Management Solutions has structured its practices by industry and business line, grouping a wide range of competencies.
Manuel Ángel Guzmán
Partner at Management Solutions
Partner at Management Solutions
José Manuel Suárez
Partner at Management Solutions