As big data becomes more of cliche with every passing day, do you feel Internet of Things is the next marketing buzzword to grapple our lives. So what exactly is Internet of Thing (IoT) and why are we going to hear more about it in the coming days. Internet of thing (IoT) today denotes advanced connectivity of devices,systems and services that goes beyond machine to machine communications and covers a wide variety of domains and applications specifically in the manufacturing and power, oil and gas utilities. An application in IoT can be an automobile that has built in sensors to alert the driver when the tyre pressure is low. Built-in sensors on equipment's present in the power plant which transmit real time data and thereby enable to better transmission planning,load balancing.
This short paper is describing a demonstrator that is complementing the paper "Towards Cross-Media Feature Extraction" in these proceedings. The demo is exemplifying the use of textual resources, out of which semantic information can be extracted, for supporting the semantic annotation and indexing of associated video material in the soccer domain. Entities and events extracted from textual data are marked-up with semantic classes derived from an ontology modeling the soccer domain. We show further how extracted Audio-Video features by video analysis can be taken into account for additional annotation of specific soccer event types, and how those different types of annotation can be combined.
In econometrics and finance, the vector error correction model (VECM) is an important time series model for cointegration analysis, which is used to estimate the long-run equilibrium variable relationships. The traditional analysis and estimation methodologies assume the underlying Gaussian distribution but, in practice, heavy-tailed data and outliers can lead to the inapplicability of these methods. In this paper, we propose a robust model estimation method based on the Cauchy distribution to tackle this issue. In addition, sparse cointegration relations are considered to realize feature selection and dimension reduction. An efficient algorithm based on the majorization-minimization (MM) method is applied to solve the proposed nonconvex problem. The performance of this algorithm is shown through numerical simulations.
A standard introduction to online learning might place Online Gradient Descent at its center and then proceed to develop generalizations and extensions like Online Mirror Descent and second-order methods. Here we explore the alternative approach of putting exponential weights (EW) first. We show that many standard methods and their regret bounds then follow as a special case by plugging in suitable surrogate losses and playing the EW posterior mean. For instance, we easily recover Online Gradient Descent by using EW with a Gaussian prior on linearized losses, and, more generally, all instances of Online Mirror Descent based on regular Bregman divergences also correspond to EW with a prior that depends on the mirror map. Furthermore, appropriate quadratic surrogate losses naturally give rise to Online Gradient Descent for strongly convex losses and to Online Newton Step. We further interpret several recent adaptive methods (iProd, Squint, and a variation of Coin Betting for experts) as a series of closely related reductions to exp-concave surrogate losses that are then handled by Exponential Weights. Finally, a benefit of our EW interpretation is that it opens up the possibility of sampling from the EW posterior distribution instead of playing the mean. As already observed by Bubeck and Eldan, this recovers the best-known rate in Online Bandit Linear Optimization.
There is no shortage of articles attempting to lay out a step-by-step process of how to become a data scientist. Are you a recent graduate? Do this… Are you changing careers? Do that… And make sure you're focusing on the top skills: coding, statistics, machine learning, storytelling, databases, big data… Need resources? Check out Andrew Ng's Coursera ML course, …". Although these are important things to consider once you have made up your mind to pursue a career in data science, I hope to answer the question that should come before all of this. It's the question that should be on every aspiring data scientist's mind: "should I become a data scientist?" This question addresses the why before you try to answer the how. What is it about the field that draws you in and will keep you in it and excited for years to come? In order to answer this question, it's important to understand how we got here and where we are headed. Because by having a full picture of the data science landscape, you can determine whether data science makes sense for you. Before the convergence of computer science, data technology, visualization, mathematics, and statistics into what we call data science today, these fields existed in siloes -- independently laying the groundwork for the tools and products we are now able to develop, things like: Oculus, Google Home, Amazon Alexa, self-driving cars, recommendation engines, etc. The foundational ideas have been around for decades... early scientists dating back to the pre-1800s, coming from wide range of backgrounds, worked on developing our first computers, calculus, probability theory, and algorithms like: CNNs, reinforcement learning, least squares regression. With the explosion in data and computational power, we are able to resurrect these decade old ideas and apply them to real-world problems. In 2009 and 2012, articles were published by McKinsey and the Harvard Business Review, hyping up the role of the data scientist, showing how they were revolutionizing the way businesses are operating and how they would be critical to future business success. They not only saw the advantage of a data-driven approach, but also the importance of utilizing predictive analytics into the future in order to remain competitive and relevant. Around the same time in 2011, Andrew Ng came out with a free online course on machine learning, and the curse of AI FOMO (fear of missing out) kicked in. Companies began the search for highly skilled individuals to help them collect, store, visualize and make sense of all their data. "You want the title and the high pay?