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Making sense of big data: Graph technology and machine learning

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The theory of six degrees of separation, first proposed in 1929, suggested that every individual in the world was connected to anyone else in no more than five links. Today, social networking tools and graph technology can accurately map and extract valuable insights from the relationships between various entities in a network. Networks can also be analysed by machine learning, a technique in which a computer can adapt its own algorithms. Modern manufacturing equipment has been advancing rapidly; plants are filled with sensors to monitor equipment performance. The number of sensors that allow devices to connect to the internet is growing and so too is the volume and complexity of data available to plant managers.



Artificial intelligence is hard to see

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Why we urgently need to measure AI's societal impacts How will artificial intelligence systems change the way we live? This is a tough question: on one hand, AI tools are producing compelling advances in complex tasks, with dramatic improvements in energy consumption, audio processing, and leukemia detection. There is extraordinary potential to do much more in the future. On the other hand, AI systems are already making problematic judgements that are producing significant social, cultural, and economic impacts in people's everyday lives. AI and decision-support systems are embedded in a wide array of social institutions, from influencing who is released from jail to shaping the news we see.


Police use 'Minority Report' AI to stop crime before it happens

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Cops are already using computers to stop crimes before they happen, academics have warned. In a major piece of research called "Artificial Intelligence and life in 2030", researchers from Stanford University said "predictive policing" techniques would become commonplace in the next 15 years. The academics discussed the crime fighting implications of "machine learning," which allows computers to learn for themselves and then solve problems just like a human. This technique will have a major effect on transport, healthcare and education, potentially bringing massive benefits as well as putting millions of jobs at risk. But in the hands of cops, AI has the potential to have a massive impact on society by allowing law enforcement to have an "overbearing or pervasive" presence.


AI Comes to Work: How Artificial Intelligence Will Transform Business

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"Artificial intelligence" is a term often reserved for the likes of Skynet in the "Terminator" films or ENCOM's mainframe in the "Tron" movie, but the reality is that AI has been around for decades-- and experts say the rumors of a forceful robotic takeover are exaggerated. Instead, they see AI as an indispensable tool for supporting humans in virtually every aspect of life, especially in commercial applications. To find out more about how AI is rolling out in business and how it might develop in the future, Business News Daily spoke to industry insiders about the evolution of artificial intelligence. Rather than serving as a replacement for human knowledge and ingenuity, AI is generally seen as a support tool for the humans using the technology. Although AI currently has a difficult time completing common-sense tasks in the real world, it is adept at processing and analyzing troves of data far more quickly than a human brain could.


Self-driving cars are playing Grand Theft Auto to become better drivers: Realistic scenes train cars to recognize objects on the road

Daily Mail - Science & tech

Grand Theft Auto may not be the first place you'd go to learn better driving skills, but researchers are now using this fictional world to train self-driving cars. A team has discovered that machine learning can extract maneuver and landscape data much faster in these virtual settings than with traditional methods. Using computer vision algorithms, the team labeled thousands of images in just a few hours, which will be used to teach autonomous cars to recognize different objects. Cars use object identification data to'learn' how to recognize objects, such as pedestrians or cyclists. Gathering this information is usually conducted by researchers, who comb through scenes from real life footage and draw borders around objects by hand.


Morningstar Uses Machine Learning In Research

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Research provider Morningstar recently introduced a quantitative equity rating generated by a machine learning statistical model that tries to replicate the results produced by a human analyst. Lee Davidson, head of quantitative research, and Zurab Margvelashvili, a quantitative performance analyst, wrote in the August/September 2016 issue of Morningstar magazine that the firm has approximately 120 equity and credit analysts, who cover about 1,700 equities, and produce a Morningstar Rating for Stocks. "To complement our analysts' work and extend the coverage universe, Morningstar recently introduced the Morningstar Quantitative Equity Rating โ€“ a forward-looking measure that is generated by a machine learning statistical model that attempts to produce ratings and statistics that would have been produced by Morningstar analysts," said the article. The machine learning algorithm, called random forest, has increased Morningstar's coverage to 50,000 companies in 86 countries that trade on 64 exchanges. "The ratings provide additional benefits, including the ability to analyse portfolios by aggregating data and providing daily history to track changes over time," they wrote.


Data Science Competitions 101: Anatomy and Approach

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I recently participated in a weekend-long data science hackathon, titled'The Smart Recruits'. Organized by the amazing folks at Analytics Vidhya, it saw some serious competition. Although my performance can be classified as decent at best (47 out of 379 participants), it was among the more satisfying ones I have participated in on both AV (profile) and Kaggle (profile) over the last few months. Thus, I decided it might be worthwhile to try and share some insights as a data science autodidact. The competition required us to use historical data to create a model to help an organization pick out better recruits. The evaluation metric to be used for judging the predictions was AUC (area under the ROC curve).


Facebook Messenger chatbots now support payments

Engadget

The latest version of Facebook Messenger adds a new feature to the 30,000 or so chatbots that currently inhabit its platform. Starting today with version 1.2, those Messenger bots can now accept payments directly in the chat without sending users to an external website. The feature was announced today at TechCrunch Disrupt by Facebook's Messenger chief David Marcus, who noted that the payments system will support most credit cards and payment services including Visa, MasterCard, American Express, Stripe, PayPal and Braintree. From the consumer side, users will see "Buy Now" links popping up in relevant chats. Tapping the link will bring up a quick payment confirmation tab that automatically defaults to whichever credit card a user has tied to their Facebook or Messenger account.