Computers have become adept at extracting patterns from very large collections of data. For example, shopping transactions can reveal consumers' preferences and message traffic on social networks can reveal political trends.
Despite 60% of Marketers Demanding Control of the'Digital Experience', Many Do Not Understand Common Digital Terms Despite 60% of marketers wanting to'own' the digital experience, many admit that they don't fully understand digital terminology such as API, big data and machine learning. The research, which surveyed over 200 IT professionals and 200 marketers, explores the growing disconnect between each group as they struggle to decide who should'own' the emerging digital experience sector. Magnolia found that 24% of marketers don't understand what'machine learning' is, and 23% say they don't know what the term'big data' means. A third of marketers also confess to not know what API stands for. IT teams are also suffering from a similar disconnect, with 77% saying they don't understand the buzzwords marketers use.
India has commenced the project to map the country digitally with a resolution of 10cm via drones and disruptive technologies including AI and big data. The massive task was taken up by the Survey of India a few months ago. The Survey of India is a part of the Department of Science and Technology and has planned to complete the project in two years as stated by Prof. Ashutosh Sharma, Department's Secretary. He also revealed that the Survey of India has been equipped with the latest technologies like drones, AI, big data analytics, image processing, and continuously operating reference system. After the completion of the project, the data will be made available to citizens and Gram Panchayats/local bodies.
Berkeley Lab researchers (from left) Vahe Tshitoyan, Anubhav Jain, Leigh Weston, and John Dagdelen used machine learning to analyze 3.3 million abstracts from materials science papers. Researchers at the U.S. Department of Energy's Lawrence Berkeley National Laboratory have shown that an algorithm with no training in materials science can scan the text of millions of papers and uncover new scientific knowledge. A team led by Anubhav Jain, a scientist in Berkeley Lab's Energy Storage & Distributed Resources Division, collected 3.3 million abstracts of published materials science papers and fed them into an algorithm called Word2vec. By analyzing relationships between words the algorithm was able to predict discoveries of new thermoelectric materials years in advance and suggest as-yet unknown materials as candidates for thermoelectric materials. "Without telling it anything about materials science, it learned concepts like the periodic table and the crystal structure of metals," says Jain. "That hinted at the potential of the technique. But probably the most interesting thing we figured out is, you can use this algorithm to address gaps in materials research, things that people should study but haven't studied so far."
Demand for more powerful big data analytics solutions has spurred the development of novel programming models, abstractions, and platforms for next-generation systems. For these problems, a complete solution would address data wrangling and processing, and it would support analytics over data of any modality or scale. It would support a wide array of machine learning algorithms, but also provide primitives for building new ones. It would be customizable, scale to vast volumes of data, and map to modern multicore, GPU, coprocessor, and compute cluster hardware. In pursuit of these goals, novel techniques and solutions are being developed by machine learning researchers,4,6,7 in the database and distributed systems research communities,2,5,8 and by major players in industry.1,3
More than a decade ago, Ichiro Takeuchi, professor of materials science and engineering, started applying the subfield of artificial intelligence (AI) known as machine learning (ML) to help develop new magnetic materials. At the time, ML was not widely used in materials science. "Now, it's all the rage," says Takeuchi, who also holds an appointment with the Maryland Energy Innovation Institute. Its current popularity is due in part to the deep learning revolution of 2012 and related advances in computer chip speed, data storage options, and rapid refinement of the science that drives its predictive analytics of algorithms. ML-based discovery in materials science is not just a lab exercise.
A great way to understand the future priorities for a company is to see where they invest resources. When you look at where Toyota, the Japanese industry giant, has recently invested, it's clear the company is preparing to remain relevant and competitive in the 4th industrial revolution as a result of its investments and innovation in artificial intelligence, big data and robots. With initial funding of $100 million, Toyota AI Ventures invests in tech start-ups and entrepreneurs around the world that are committed to autonomous mobility, data and robotics. Toyota's investments help accelerate getting critical new technologies to market. One of the organization's investments is in May Mobility, a company that is developing self-driving shuttles for college campuses and other areas such as central business districts where low-speed applications are warranted.
Companies in all industries must stay up to date with the latest tech to survive in this digital world. This is especially true in the case of machine learning (ML), which has the potential to transform the way businesses process and use their data. While ML has a number of useful applications in the business world, applying it to business intelligence (BI) insights can help you optimize your processes and make even better decisions. Thirteen members of Forbes Technology Council shared some creative ways to combine business intelligence with machine learning to produce the best results for your company. One of the most unique ways to combine business intelligence and machine learning is the identification of fraud indicators.
One of the formidable challenges healthcare providers face is putting medical data to maximum use. Somewhere between the quest to unlock the mysteries of medicine and design better treatments, therapies, and procedures, lies the real world of applying data and protecting patient privacy. "Today, there are many barriers to putting data to work in the most effective way possible," observes Drew Harris, director of health policy and population health at Thomas Jefferson University's College of Population Health in Philadelphia, PA. "The goals of protecting patients and finding answers are frequently at odds." It is a critical issue and one that will define the future of medicine. Medical advances are increasingly dependent on the analysis of enormous datasets--as well as data that extends beyond any one agency or enterprise.
Two hundred students, industry professionals, and academic leaders convened at the Microsoft NERD Center in Cambridge, Massachusetts for the second annual Women in Data Science (WiDS) conference on March 5. The conference grew from 150 participants last year, and highlighted local strength in academics and health care. "The WiDS conference highlighted female leadership in data science in the Boston area," said Caroline Uhler, a member of the WiDS steering committee who is an IDSS core faculty member and assistant professor of electrical engineering and computer science (EECS) at MIT. "This event is particularly important to encourage more female scientists in related areas to join this emerging area that has such broad societal impact." Regina Barzilay, Delta Electronics Professor of EECS, gave the first presentation on how data science and machine learning approaches are improving cancer research. Barzilay said her experiences as a breast cancer survivor motivates her work.
Machine Learning is the buzzword of the moment. In recent years, news stories raving about its possibilities have soared, Google searches for the term have quadrupled, and companies across the globe have been scrambling to figure out how to capitalize on the excitement by bringing it into their product mix. While that can be a great thing, claims made by some businesses about what Machine Learning can do are wildly exaggerated. That makes it crucial to cut through the noise and get to grips with its potential, limitations, and what you can realistically achieve with your resources so that any investment makes solid business sense -- so say Philip Lima, CEO of Mashey, and Boaz Farkash, Head of Product Management at Sisense. The pair joined forces to deliver an in-depth webinar on Machine Learning and business intelligence, which you can view in full here.