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Machine Learning: Real World Examples

#artificialintelligence

At a time and age which scientists and biologists are calling the Human Age, it might actually be more difficult to find a problem where machine learning hasn't already been applied to. We could very well be quickly entering the next epoch; the Machine Age. Machine learning is everywhere, from finance to science to social... Machine Learning Example #1 - Finance There is an increasing amount of machine learning to be found in finance. A trend that goes hand in hand with increased computer power and the availability of machine learning tools (e.g Google's Tensorflow). Which brings us to the relatively newly formed term of'robo-adviser': A financial portfolio managed by a machine learned robot.


Rolls-Royce to Open Centre for Autonomous Ships and AI

#artificialintelligence

Rolls-Royce's new centre will see it partner with the Technical Research Centre of Finland (VTT) and Tampere University of Technology (TUT), together with numerous SMEs and start-ups specialising in novel technologies. The aim of the alliance, an ecosystem bringing together global forerunners and agile ICT start-ups, is to provide the world's first autonomous maritime products, services and a flourishing ecosystem by 2025. Sauli Eloranta, SVP of Rolls-Royce, said: "Finland is the home of top ICT expertise and a strong maritime cluster. That is why Rolls-Royce has decided to establish the centre in Turku." The Finnish Funding Agency for Innovation (Tekes) is committed to funding the work of the Alliance, its ambitious research and development projects, and its innovations in order to achieve the aim of remotely operated and autonomous shipping in the forthcoming years. An example a recently funded joint project is'DIMECC Design for Value (D4V)', which had the objective of understanding and exploiting the opportunities of digital disruption in maritime logistics value chains.


Robots deliver award winning customer service in North Tyneside

#artificialintelligence

In fact, the customer experience is now so good that the council and its service delivery partner, ENGIE, won'Best Application of Technology' at the UK Customer Satisfaction Awards 2016. The judges concluded that "work to develop the council's digital presence has been enormously successful, resulting in a vast improvement in customer service". North Tyneside and ENGIE worked with eforms specialist, IEG4, to create the new benefit claim process. Robotic process automation (RPA) enables one piece of software to talk to another piece of software whilst continuing to use the human user interface. In this case a software robot has been created and trained to do the repetitive work and processing involved in processing a housing benefit claim.


AI – Should We Worry, Should YOU Worry

#artificialintelligence

When someone mentions AI today some tend to freak out. Others are not sure if they should worry, and for the most part many still have no clue what "AI" is about. AI stands for Artificial Intelligence which many think is still a movie term for robots or machines (computers) taking over. What many don't know that AI has already taken over a number of things we interact with everyday. We buy "smart" devices all the time that do "things" or manage "events" daily, sometimes hourly.


How MasterCard is using AI to improve the accuracy of its fraud protection

#artificialintelligence

When it comes to security in their financial transactions, American consumers want it all. In Total System Services, Inc.'s 2016 U.S. Consumer Payments Study, a whopping 74% of all respondents said they would choose the credit card with the best security features over the credit card with the best rewards. Payment networks like Mastercard Inc. have done their best to respond. In the past couple of years, Mastercard has experimented with a number of cutting-edge security initiatives. These innovations have included everything from an app that allows cardholders to take a selfie for payment authentication to a wearable band that uses the account holder's unique heartbeat as authentication. Late last month, Mastercard introduced its latest pioneering security platform, Decision Intelligence.


Artificial intelligence and robots to make offshore windfarms safer and cheaper

#artificialintelligence

The University of Manchester is leading a consortium to investigate advanced technologies, including robotics and artificial intelligence, for the operation and maintenance of offshore windfarms. The remote inspection and asset management of offshore wind farms and their connection to the shore is an industry which will be worth up to £2 billion annually by 2025 in the UK alone. Eighty to ninety percent of the cost of offshore operation and maintenance according to the Crown Estate is generated by the need to get site access - in essence get engineers and technicians to remote sites to evaluate a problem and decide what action to undertake. Such inspection takes place in a remote and hazardous environment and requires highly trained personnel of which there is likely to be a shortage in coming years. The £5m project will investigate the use of advanced sensing, robotics, virtual reality models and artificial intelligence to reduce maintenance cost and effort.


Meet 13 of the most innovative companies at Mobile World Congress 2017

Mashable

When you want to stay in the know and keep your ear to the ground on the newest innovations within the mobile industry, you go to the Mobile World Congress (MWC). This year, the MWC took place in Barcelona and featured scores of industry leaders looking to promote what they do best and spread the word of their latest accomplishments. Meet 13 companies that made big waves this year at the MWC. Through powerful image recognition, Fashwell is a visual search and image recognition tool for the fashion industry – making images shoppable through a flexible API. Fashwell's visual recommendation engine learns your product catalogue and shows shoppers exactly what they're looking for, ultimately bringing them closer to the checkout path.


Characteristics of Good Visual Analytics and Data Discovery Tools

@machinelearnbot

Visual Analytics and Data Discovery allow analysis of big data sets to find insights and valuable information. This is much more than just classical Business Intelligence (BI). See this article for more details and motivation: "Using Visual Analytics to Make Better Decisions: the Death Pill Exa...". Let's take a look at important characteristics to choose the right tool for your use cases. Several tools are available on the market for Visual Analytics and Data Discovery.


AI On The Silver Screen: Who Gets It Right

Forbes - Tech

A few short decades ago, artificial intelligence (AI) and machine learning were science fiction fantasies. Today, AI is very much a reality, and although sentient robots aren't ruling the world just yet, businesses and consumers alike benefit from software that can be programmed to learn and make smart decisions on its own. The promises and threats AI holds for society continue to be an increasingly hot topic in pop culture and television. From realistic applications like weather forecasting to the wild possibilities of robotic takeovers, members of Forbes Technology Council each shared their favorite AI representation on television or in film right now. By far, the best representation of AI on air is the show "Humans," a joint Channel 4 and AMC production.


Ankur Jain Talks Launching Kairos Society Ventures And Retail's Impending Tech Disruption

Forbes - Tech

Kairos Society Founder Ankur Jain speaks at the welcome dinner at the Kairos Society Global Summit at Espace on February 22, 2013 in New York City. Ankur Jain is building his vision of the future by understanding what industries are broken in this world, with the goal to fix them through business, technology, and innovation via the Kairos Society. An organization he founded, Kairos employs a unique recipe which brings together the world's greatest leaders--think former Apple CEO John Sculley, former head of the CIA/NSA Mike Hayden and Robert Safian, Editor-in-Chief of Fast Company--with the world's youngest and brightest founders and entrepreneurs. The result is that the people who are acutely aware of the problems (the leaders) can inform those on the cutting edge of innovation (the founders) to find solutions through business. Jain likes to use the term broken when talking about industries and systems that are lagging behind or in desperate need of an update.