TLDR: Experian, a global data and technology leader, has entered a new 10-year strategic agreement with Amazon Web Services (AWS) to accelerate its cloud migration and develop over 100 generative AI use cases. This collaboration aims to enhance operational efficiency, democratize data technologies, and deliver real-time financial analytics, building on previous migrations that have already reduced data processing time by 60% and significantly sped up product launches.
Experian, a global data and technology leader, has announced a significant expansion of its strategic partnership with Amazon Web Services (AWS), marking a pivotal step in its cloud-first strategy. This new 10-year agreement solidifies AWS as Experian’s preferred cloud provider for the next phase of its infrastructure modernization, with a strong focus on leveraging generative artificial intelligence (AI).
The core of this collaboration involves Experian accelerating its migration from traditional mainframe computers and on-premises servers to the AWS cloud. This move is designed to centralize Experian’s technology platforms, enhancing performance, scalability, and reliability across its services. The company has already seen tangible benefits from its initial cloud migrations, including a remarkable 60% reduction in data processing time and an improvement in product launch cycles from months to mere weeks. Furthermore, this transition enables Experian to analyze credit data in real-time, providing more immediate and relevant insights to its clients.
A key pillar of this expanded partnership is the commitment to developing more than 100 generative AI use cases. These applications are intended to drive innovation across various facets of Experian’s operations. Specific goals include boosting operational efficiency, democratizing data technologies for employees, and creating advanced credit and financial analytics offerings. The integration of generative AI is also expected to streamline complex database migrations, automating and optimizing the transfer of vast datasets, which will reduce downtime and improve data accuracy.
Rodrigo Rodrigues, Chief Technology Officer at Experian, emphasized the strategic importance of this move, stating, “Our initial migrations gave us enhanced performance, security, and reliability, making it an easy choice to take that a step farther and embrace a cloud-first strategy. Having our data readily available in the cloud sets us up to invest in new capabilities like generative AI and advance products and solutions for our clients with proven security. By moving to AWS, we’ve reduced our data processing time by 60%, improved our ability to launch new products from months to weeks, and can now analyze credit data in real-time to better serve our customers.”
Scott Mullins, Managing Director, Worldwide Financial Services at AWS, expressed enthusiasm for the deepened alliance: “AWS is delighted to partner with Experian to unlock opportunities that drive innovation, increase agility, and accelerate their modernization. As they build intelligent data platforms, develop cutting-edge applications with generative AI, and gain real-time insights, Experian is demonstrating how organizations can reinvent their operations while maintaining security, compliance, and resilience at scale.”
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This strategic alliance underscores Experian’s commitment to leveraging cutting-edge cloud and AI technologies to deliver faster, more secure, and insightful solutions, solidifying its position as a leader in the global data and technology industry.
