AI Articles and Analysis about Business intelligence and analytics

Episode Summary: Crowdsourcing is a relatively common term in technical vernacular today. Even if you're not a self-identified "techie", you may very may well have leveraged crowdsourcing in journalism, the sciences, public policy, or elsewhere. One area in which this concept hasn’t really taken off is in finance and hedge funds. In this episode, we speak with Numerai Founder Richard Craib, whose company is crowdsourcing a machine learning hedge fund. Their model is based on pooling data science talent from all over the world and using "anonymous" models to train financial data. These models compete against one another, and the winning models' creators are rewarded in bitcoin - a process based entirely on encryption and anonymity. Craib speaks about his overarching vision for the company, and also delves into his thoughts on the past, present, and future of AI applications in finance.
 

While there have been and continue to be innovative and significant machine learning applications in healthcare, the industry has been slower to come to and embrace the big data movement than other industries. But a snail's pace hasn't kept the data from mounting, and the underlying value in the data now available to health care providers and related service providers is a veritable goldmine. In this editorial, we provide an overview of where healthcare's big data actually comes from, and why providing robust data analytics services in this sector matters.

Episode Summary: CEO Chris Nicholson speaks on Skymind machine learning applications, which integrate with Hadoop and Spark. In this episode, Nicholson sheds light on current machine learning trends that he sees across industries and best practices for implementing AI solutions in order to gain consistent return on investment. For our readers who enjoyed out consensus on future trends in artificial intelligence consumer applications, it may be interesting to hear some of Chris's specific use cases in industry.

Busy and multitasking are understatements for today's executives and entrepreneurs. Machine learning has the potential to help make businesses more efficient, competitive, and profitable, but learning how it works and finding the resources to implement this technology takes time. Where to apply machine learning when first getting started is dependent on a number of factors - industry, structure, current problems - but having an idea of which solutions have proved most efficient for others and derived maximum return on investment is a helpful jumping off point.

1 - Machine Learning Veterans Launch 'ElementAI' - A Montreal Based Artificial Intelligence Startup Factory

Expertise: Data science and economics

Brief Recognition: Elena Grewal leads a team of data scientists responsible for the user’s online and offline travel experience at Airbnb. Her team partners with the product team to understand and optimize all parts of the product, using experimentation and machine learning in a wide variety of contexts. Prior to Airbnb, Elena was a doctoral candidate in the Economics of Education program at the Stanford University School of Education. She received a B.A. in Ethics, Politics, and Economics, with distinction, from Yale University, and a Masters degree in Economics at Stanford University. She was also the recipient of the Stanford Interdisciplinary Graduate Fellowship.

Predictive analytics for marketing would have been adopted years ago - if only the compute power were more ubiquitous, the data were more accessible, and the software were easier to use. Now "predictive analytics" itself is almost a buzzword, after nearly 30 years of backward-looking marketing tracking.
Today, well over 30 years after the founding of Lotus Software, even medium-sized businesses are often still operating their marketing "scoreboards" in Google Sheets or One Drive... "throw it in a spreadsheet" still works.
But businesses with an eye on the future want to know more than just what happened in the past. "Scoreboards" (most analytics tools and tracking) don't tell you what the score will be. Some of our recent "AI for marketing" articles have gained readership because more and more executives are searching for ways to look forward with their numbers, not just back. SAS defines the term well:

Episode Summary: How do you know if you’ve made the right decision for a hire? Often, employers go off gut instinct and make a decision retrospectively, but it turns out AI might be able to help out in human resource management through shedding light on best hiring decisions. In this episode, Pasha Roberts, chief scientist at Talent Analytics, tells us about how his company is working on helping companies make better decisions before they hire by applying machine learning and artificial intelligence to various data points on a given applicant, including information from aptitude tests that may help predict not only performance but retention.