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Applied Data Mining for Business Analytics LiveLessons (Video Training)

@machinelearnbot

Description This easy video tutorial is the fastest way to master modern data science best practices and use them to promote timely, evidence-based decision-making! Applied Data Mining LiveLessons demystifies current best practices, showing how to uncover hidden patterns and leverage them to improve all aspects of business performance. Drawing on extensive experience as a researcher, practitioner, and instructor, Dr. Dursun Delen shows you exactly how analytics and data mining work, why they've become so important, and how to apply them to your problems. Delen reviews key concepts, applications, and challenges; introduces advanced tools and technologies, including IBM Watson; and discusses privacy concerns associated with modern data mining. You'll watch him demonstrate prediction, classification, decision trees, and cluster analysis...key algorithms such as nearest neighbor...artificial neural networks...regression and time-series forecasting...text analytics and sentiment analysis...big data techniques, technologies, and more.


China's fast climb up the value chain

#artificialintelligence

From high-tech unicorns to specialty chemicals, the country's economy is moving swiftly beyond its lower-margin roots. The Chinese are now the world's most avid online purchasers of goods and services, which they are likely to pay for with a mobile device. The deepening digital ethos reflects a broader consumerization of the Chinese economy. These trends are creating fertile grounds for digital start-ups while also transforming traditional industries such as specialty chemicals as they supply materials for advanced industries and higher-margin consumer goods. Global companies in China should ensure that they're not competing for yesterday's markets.


Adobe CTO leads company's broad AI bet

#artificialintelligence

There isn't a software company out there worth its salt that doesn't have some kind of artificial intelligence initiative in progress right now. These organizations understand that AI is going to be a game-changer, even if they might not have a full understanding of how that's going to work just yet. In March at the Adobe Summit, I sat down with Adobe executive vice president and CTO Abhay Parasnis, and talked about a range of subjects with him including the company's goal to build a cloud platform for the next decade -- and how AI is a big part of that. Parasnis told me that he has a broad set of responsibilities starting with the typical CTO role of setting the tone for the company's technology strategy, but it doesn't stop there by any means. He also is in charge of operational execution for the core cloud platform and all the engineering building out the platform -- including AI and Sensei.


How Advanced Analytics Is Changing B2B Selling

#artificialintelligence

From targeted online advertising to more precise recommendation engines, consumer markets are bursting with innovation around machine learning and advanced analytics. While there's less buzz around business-to-business markets, these innovations are changing the game in B2B as well, even in old-line industries selling what might be considered commodity products. A growing number of B2B companies are using data and analytics to add services that bring new elements of value to customers, and in some cases new sources of revenue. These elements are fundamental attributes of a company's offering in their most essential and discrete forms โ€“ things like product quality, flexibility, and associated expertise; they lift value propositions above commodity status and benefit customers in particular ways. Consider recent moves by Australia-based Orica, which provides packaged explosives materials to mining companies worldwide.


Survey and cross-benchmark comparison of remaining time prediction methods in business process monitoring

arXiv.org Artificial Intelligence

Predictive business process monitoring methods exploit historical process execution logs to generate predictions about running instances (called cases) of a business process, such as the prediction of the outcome, next activity or remaining cycle time of a given process case. These insights could be used to support operational managers in taking remedial actions as business processes unfold, e.g. shifting resources from one case onto another to ensure this latter is completed on time. A number of methods to tackle the remaining cycle time prediction problem have been proposed in the literature. However, due to differences in their experimental setup, choice of datasets, evaluation measures and baselines, the relative merits of each method remain unclear. This article presents a systematic literature review and taxonomy of methods for remaining time prediction in the context of business processes, as well as a cross-benchmark comparison of 16 such methods based on 16 real-life datasets originating from different industry domains.


Insight into a development process: The robotic fabrication of concrete facade mullions with smart dynamic casting

Robohub

After the successful completion of the production of the material-optimised concrete faรงade mullions, Fabio Scotto and Ena Lloret-Frischti of the Gramazio Kohler Research Group at ETH Zurich and the Chair for Physical Chemistry of Building Materials, ETH Zurich take a look back at the experiments and prototypes which were necessary in the development of a final robotic fabrication process. The integration of Smart Dynamic Casting (SDC) for the production of the faรงade mullions for the first floor of DFAB HOUSE has led us to the development of an adaptive robotic setup which allows us to produce custom-made reinforced concrete structures. Until the final development of a robust robotic process, we had to overcome several challenges during the experimental and prototypical phase. Scaling down the production system and minimizing the friction forces Our first main task was to scale down the production system to realise structures with a minimal cross section of 100 70 mm. This had a direct impact on the formwork system we were working with previously.


Why Robots Will Not Take Over Human Jobs โ€“ Matthew David Parker Photography

#artificialintelligence

During the first industrial revolution, workers flocked in the cities in masses because of the factories that were coming up. Individual craftsmen were kicked out of business because of manufacturing, and this allowed consumers to access cheaper products much faster. Although some workers were replaced, new jobs were created and as time passed by, employment levels rose up to all-time highs. It is with certainty that technology will eliminate very many jobs, from a few million to more than a billion. According to Andrew Charlton, "This huge variance is due to the fact that we are not yet sure about the number of jobs that robots will take over in the next couple of years; we are not sure where technology will be headed."


Why Kenya hopes blockchain can end land grabbing

@machinelearnbot

Kenya sees itself as a technology giant in Africa and has embraced the nickname "Silicon Savannah" - now it has set up a special team to look into how to take advantage of the latest technologies such as Artificial Intelligence and blockchain. "We missed the internet wave, caught up with mobile technology... blockchain is the next wave - and we must be part of it," the team's chairman, Bitange Ndemo, told the BBC. A blockchain is a shared database with a provable, auditable and verifiable record of all changes. Artificial Intelligence (AI) is the use of computer systems to perform tasks normally requiring human intelligence. Information Minister Joseph Mucheru, the man who the team will report to, says that, among other uses, blockchain could help organise land records stored by the government, which are a constant source of frustration for people who want to buy, sell or verify information about land.


1,700 ordered to evacuate after Hawaii volcano erupts

Al Jazeera

About 1,700 residents have been ordered to evacuate their homes after an eruption of Kilauea volcano on Hawaii's Big Island. Residents of Leilani Estates and Lanipuna Gardens were issued a mandatory evacuation order after an eruption on Thursday sent lava shooting up from a crack in a street. "It sounded like if you were to put a bunch of rocks into a dryer and turn it on as high as you could. You could just smell sulphur and burning trees and underbrush and stuff," Jeremiah Osuna, a resident who captured drone footage of the scene, told Honolulu television station KHON. On Friday morning, the Hawaii Country Civil Defence Agency said the volcanic activity still continued and another vent had opened up overnight.


Employing machine learning to create wear and corrosion resistant metallic glass

#artificialintelligence

If you combine two or three metals together, you will get an alloy that usually looks and acts like a metal, with its atoms arranged in rigid geometric patterns. But once in a while, under just the right conditions, you get something entirely new: a futuristic alloy called metallic glass. The amorphous material's atoms are arranged every which way, much like the atoms of the glass in a window. Its glassy nature makes it stronger and lighter than today's best steel, and it stands up better to corrosion and wear. Although metallic glass shows a lot of promise as a protective coating and alternative to steel, only a few thousand of the millions of possible combinations of ingredients have been evaluated over the past 50 years, and only a handful developed to the point that they may become useful.