Technology
One-in-three developers fear A.I. will replace them
What keeps software developers up at night, other than coding? The fear that artificial intelligence systems can replace them, according to a new survey. Evans Data Corp., in a survey of 550 software developers, asked them about the most worrisome thing in their careers. A plurality, 29%, chose this answer: "I and my development efforts are replaced by artificial intelligence." Surprisingly, this concern about A.I. topped the second-most identified worry, which was that the platform the developer is working on will become obsolete (23%), or doesn't catch on (14%). Concerns about A.I. replacing software developers has academic support.
Number26 Plants the Seeds of Genuine AI
This is an exciting time to be alive in the fintech space -- and also an interesting time to be a chatbot, as the experiences of Microsoft's Tay proved last week. As FIs and startups alike leverage the best in entrepreneurial and technological insight to adapt to customers' lives, the gap is narrowing between financial operations (payments, budgeting, etc) and how these interactions are integrated into the lives of users, increasingly cultivating a seamless banking experience. This seamlessness may have taken a step forward last week as German mobile banking startup Number26 introduced a new app that lays the groundwork for extensive artificial intelligence (AI) in financial services. Dubbed PULSE26, Number26's new banking app analyzes customer saving and spending habits to optimize the digital banking experience for each user. PULSE26 alerts the user with quick and comprehensive updates based on personal banking history.
Just How Smart Are Smart Machines?
The number of sophisticated cognitive technologies that might be capable of cutting into the need for human labor is expanding rapidly. But linking these offerings to an organization's business needs requires a deep understanding of their capabilities. If popular culture is an accurate gauge of what's on the public's mind, it seems everyone has suddenly awakened to the threat of smart machines. Several recent films have featured robots with scary abilities to outthink and manipulate humans. In the economics literature, too, there has been a surge of concern about the potential for soaring unemployment as software becomes increasingly capable of decision making. Yet managers we talk to don't expect to see machines displacing knowledge workers anytime soon -- they expect computing technology to augment rather than replace the work of humans.
Ignore Soft Skills At Your Own Risk
It seems like technical skills are all anyone cares about in the neverending war for talent. But with machines eliminating more and more technical tasks, soft skills will become the big hiring differentiator. Here are the skills yet to be claimed by our technological overlords that you should develop further. Machines may have found a formula for writing novels and songs in Orwell's "1984", but so far creativity is something that they are otherwise struggling with. In The Second Machine Age, Erik Brynjolfsson predicts that technology will amplify human creativity.
Smart Home Terms You Need to Know (part 2)
AI stands for artificial intelligence. It lately has become a big deal in the smart home with the advent of voice recognition devices. There is a bit of confusion, though, when it comes to what AI in the smart home really means. In this case, we can consider two different types of AI: Natural Language Processing (voice recognition) and Machine Learning. When you speak to a system such as Josh.ai,
Massive Robots Keep Docks Shipshape
At one of the busiest shipping terminals in the U.S., more than two dozen giant red robots wheeled cargo containers along the docks on a recent morning, handing the boxes off to another set of androids gliding along long rows of stacked containers before smoothly setting the boxes down in precise spots. The tightly designed dance at TraPac LLC's Los Angeles terminal offers a window on how global trade will move in the near future: using highly automated systems and machinery, with minimal human intervention, to handle the flood of goods that new free-trade agreements will push to the docks. Many in the industry believe automation, which boosts terminal productivity and reliability while cutting labor costs, is critical to the ability of ports to cope with the surging trade volumes and the huge megaships that are beginning to arrive in the U.S. Analysts estimate the technology can reduce the amount of time ships spend in port and improve productivity by as much as 30%. "We have to do it for productivity purposes, to stay relevant and to be able to service these large ships," said Peter Stone, a member of TraPac's board. Yet the TraPac site is one of only four cargo terminals in the U.S. using the technology.
Stamford Hackathon Congratulates Its Winners
It's now been a few weeks since our latest hackathon, and we're excited at the quality of developers, their projects, and experience everyone had. We're proud to announce the winners of the second Stamford Hackathon as follows: The Grand Prize was awarded to Shishir Garg, Anuj Garg, and Pradeep Yenneti for their Smart Home Assistant, a project that combined AI and IoT. The AI track first prize went to Marc Ira, Jared Russell, Brian McHugh, Cody Hess, and Tom Harvey, for the "Aziz-bot" an AI-enabled Slackbot. SIC's own Matt Terenzio won the AI second prize for "Follow This" The IoT track featured some fantastic projects, and the first prize went to Emily Serven and Caleb Dre for a room occupancy/management project, called "Is anyone here?" Best Hacker went to a team called MAPE, which incidentally were invited to Harman to present to their internal team, and comprised Vitali Kobzeu, Dmitri Komin, Roman Presnakov, and Aliaksandr Tsoi.
Artificial intelligence evolving in small steps
Jeremy Howard is the founder and chief executive of Enlitic, a startup in San Francisco. Five years after a computer won "Jeopardy," excitement over artificial intelligence is at a peak, but its commercial potential will take some years to be realized. Howard believes that AI can transform the huge industry of health care, saving lives and money. "But that's a 25-year project," he said.
Samsung Looking For New Business Ventures in VR, Auto & AI Androidheadlines.com
The Samsung Galaxy S7 appears to be a much-needed success for the Korean tech giant, and according to estimates, shipments of the said flagship will exceed the company's expectations for the first quarter of 2016, reaching 9 million units up from Samsung's earlier 5.5 million prediction. However, while Samsung appears to have stabilized its smartphone business, market analysts predict that by the end of Q1 2016, the company will register lower operating profits year-on-year in a number of niches, including its semiconductor and consumer electronics sectors. Amid this decline, fresh reports suggest that Samsung intends to expand its product portfolio and focus on new business ventures, including virtual reality, automotive, and artificial intelligence. According to DRAM eXchange research, global LCD TV shipments will show zero increase in 2016 compared to last year. In addition, laptop, PC, and tablet shipments are estimated to decline by 3%, 4%, and 7% respectively, and, in turn, this could mean that Samsung's operating profits for Q1 2016 might decline by 13% in the semiconductor business, and by 63% in the consumer electronics department. Interestingly enough, while Samsung Electronics is expected to register lower operating profits in Q1 2016, the South Korean company is apparently planning to increase its market presence in other segments, including the automotive market and the virtual reality niche.
Data Science and Machine Learning for Preventing Fraud in Mom and Pop Ecommerce Shops
With the development and growth of ecommerce platforms like Shopify, the number of small- and medium- sized ecommerce businesses is growing at an impressive rate. But, with this growth comes a growth in market opportunities for the online villains and fraudsters out there who are looking to make a quick buck. It used to be that only huge corporations had the resources they needed to detect fraud and protect themselves from its damages. But, in this era of big data and data science for all, even small mom and pop ecommerce shops have access to the tools they need to protect themselves from evil fraudsters. This article introduces some common sources of fraud problems in ecommerce, and how you can use data science technologies or techniques to protect your business (or soon-to-be business) from risk.