Equifax opens Wexford-based AI innovation lab

The new facility will be dedicated to advancing Equifax’s global AI research and development.

Global data, analytics and technology company Equifax has officially opened a new ‘state-of-the-art’ AI innovation lab, in Wexford, Ireland. The focus of the new building will be on furthering Equifax’s artificial intelligence research and development goals, on an international scale.

Supported by IDA Ireland, the lab will bring together highly skilled data and technology specialists, to collaborate on the next-generation of AI solutions, to improve decision-making, the consumer experience and to aid global organisations in risk reduction.

The organisation has stated this will be achieved by developing advanced AI models, machine learning algorithms, research and development and data analytics tools to address the complex challenges faced by modern-day businesses and consumers.

Headquartered in Atlanta, Georgia with 15,000 employees worldwide, Equifax has a presence in North America, Central and South America, Europe and the Asia Pacific region.

Reportedly, the evolution of Equifax’s Ireland-based operations will generate new jobs for people in the area, with the figure currently unknown, however, it will rise to at least 100 professionals.

Commenting on the news, Deirdre O’Connor, the head of regional development, for IDA Ireland said: “I wish to congratulate Equifax on the opening of this AI Innovation lab. Artificial intelligence is a key growth driver in IDA Ireland’s new strategy Adapt Intelligently.

“The Equifax decision to expand its presence in Wexford is a testament to Ireland’s position as a hub for global innovation and AI. I am delighted that this will bring Equifax employment in Wexford to 100 employees and would like to wish them every success with this AI Innovation Lab.”

Paul Heywood, the chief data and analytics officer for Equifax Europe, added: “Driving AI innovation is a key EFX2027 Strategic Priority. We are incredibly excited to expand our Wexford team through this investment and have immense confidence in the calibre and expertise of the marketplace in Ireland and specifically in the South East, as evidenced by our 30-year presence in Wexford town.”

Don’t miss out on the knowledge you need to succeed. Sign up for the Daily Brief, Silicon Republic’s digest of need-to-know sci-tech news.