21 hours 49 minutes ago
KUMAR SRIVASTAVA Insights into AI in Finance This article is based on a podcast interview from 2018. Many banks and financial firms are investing in AI and seeing a positive return from applying AI throughout their operations. AI-based systems are helping to make more informed, safer and profitable decisions. However, with any technology that's used in a heavily regulated industry, there are challenges and pushbacks to adoption. Bringing AI Innovation to Financial Services Kumar Srivastava, former VP…

2 days 11 hours ago
Matt Gardner, St Louis Blues MATT GARDNER One of the most immediate ways that organizations are seeing value in artificial intelligence is in the use of chatbots and conversational interfaces, one of the seven fundamental patterns of AI. Chatbots have been in use for decades, but only recently have they had sufficient intelligence to handle conversations with a wide range of vocabulary, accents and conversational styles. Now we have chatbots that can be developed to engage in very diverse interactions and…

1 week 1 day ago
Golden State Warriors' Steph Curry with Bryant Barr on stage at Disrupt | MARTINE PARIS It's not every day that an NBA great funds your company, shows off your swag at the NBA Finals, tweets about you to his 13.7 million Twitter followers, and pulls you on stage at Disrupt SF, one of the most popular tech startup events of the year, but that's exactly the dream that SnapTravel co-founder Hussein Fazal is living these days. “Since we launched two years ago, we've booked over a million nights and now have…

1 week 6 days ago
Panel on AI, Startups & VC at Microsoft for Startups RA SO RUSSELL TWEET THIS However, large enterprise partners can help startups fill the data gap and support their ability to innovate The holy grail for any startup is customer acquisition A challenge facing many startups is that they do not have enough data, limiting their ability to create great products. However, large enterprise partners can help startups fill the data gap and support their ability to innovate. At the AI Amalgamators…

4 weeks 1 day ago
The oil and gas industry is making headway in realizing the potential of IoT by making things much easier for companies to carry out their daily operations. Benefits of Using IoT in Oil and Gas Operations Here's how the use of IoT in oil and gas operations is transforming the industry: Drilling Management Drilling is a major part of oil and gas industry procedures. The Internet of Things proves to be a boon for enhancing efficiency in the drilling procedure. As the rig digs deep, it leads to potentially…

4 weeks 1 day ago
"Risk is the price you pay for opportunity," goes a famous saying. Businesses are built to create value from opportunities, and it's near impossible to run a business without risks. Organizations today face a variety of risks, and these risks come in different shapes and sizes. Broadly, these can be categorized into operational risk and strategic risk, based on how they emanate and the impact they can have. For organizations to continue creating value without being derailed along the way, they need to…

1 month 1 week ago
Leveraging AI and IoT for environmental sustainability can help maximize our current efforts for environmental protection. According to a 2018 report by Intel, 74% of 200 business decision-makers in environmental sustainability agreed that AI would help solve environmental problems. Using IoT and AI for Reducing E-waste Millions of electronic devices are discarded without proper disposal. Billions of dollars are wasted every year for proper disposal or recycling of used parts of discarded devices. To…

1 month 1 week ago
Social media has become such an integral part of marketing that it's easy to forget about how different a paradigm it is. Because of that, a great number of people who focus on marketing often fail to understand how it differs from other forms of online content, and as such develop strategies that are a waste of energy, time and money. Ultimately, it all comes down to cards ... specifically data cards. The data card goes back to well before the computer age. By the mid-19th century, the price of printing…

1 month 2 weeks ago
By Martijn van Attekum, Jie Mei and Tarry Singh Introduction Marc Andreessen famously said that "Software is eating the world" and everyone rushed into the room. This was as much a writing on the wall for many traditional enterprises as it was wonderful news for the software industry. Still, no one understood what he meant. To make his point he stated this example: “Today, the world’s largest bookseller, Amazon, is a software company — its core capability is its amazing software engine for selling…

1 month 2 weeks ago
While I don't see it as a formal methodology, I actually believe that the most success production model in use today for so many kinds of IP is the Studio Model. GETTY Sometimes as a writer, you touch a nerve. I touched one in my article The End of Agile, which has gone viral with roughly 300,000 hits over the last few days. I'm still digging out from the deluge of email, Tweets and Linked In messages. Many, many people agreed with me, which I think should be a wake-up call to anyone in the Agile space. A…

1 month 2 weeks ago
Enabling Sustainability in Circular Fashion THREDUP Fresh on the heels of a $175 million raise, thredUP is poised to capitalize on the growing $24 billion second-hand market through its use of artificial intelligence to bring efficiencies and scale to every area of its operations , while fueling the circular fashion trend among traditional retail brands with the launch of its “resale as a service” offering. The company’s mission is to inspire a new generation of shoppers to think second hand first,…

1 month 2 weeks ago
Agile is one of those subjects that people have strong feelings for, pro or con. Here's a rebuttal to a post recently made about the end of Agile.GETTY Guest Column by Scott Heffield, VP of Innovation at Veracity Solutions [Author's Note: This was one of many rebuttals sent to me in the wake of my article The End of Agile (which is now hovering just under 300,000 hits). In the interest of discourse, I've decided to publish it.] However, since this IS my blog, I also decided to post a counter-rebuttal (…

1 month 2 weeks ago
Usually, the economy of scale, size, and reputation win the day, but this spunky and highly adaptive ad agency competes with AI plus better processes to put more pressure on the large ad agencies. I think this will be a trend in many industries with the upstarts starting to scare the incumbent “big dogs.” The Challenge The hourly agency model favors longer times and complex hierarchies to create more billable hours, and as a result, more clients are bringing this work in-house. This proves to be an…

1 month 2 weeks ago
The advent of online shopping has massively reshaped the retail industry. However, this doesn’t mean that brick-and-mortar retail is dead. Many people still prefer to visit retail stores over online shopping. These people want to try out products such as clothes, furniture and cosmetics before buying them. And, at retail stores, customers do not have to wait for shipping or pay extra shipping costs. Also, retail stores make shopping experiences more human compared to online shopping, which is appreciated…

1 month 2 weeks ago
The business of communicating the happenings of society might seem to be something entirely human-centric. After all, what do machines care about what happens in the news? However, the journalism industry as a whole is highly dependent on technology. From ways of communicating instantly with news sources and content generated first-hand in image, video and text form, to the publication of content across an ever-increasing array of channels, technology is core to making the news and journalism industry buzz…

1 month 3 weeks ago
The new economy does not look like the old one. In many respects, we're seeing the true emergence of the reputation economy that had its vogue about ten years ago. In the economy that held sway through much of the twentieth century dictated that success came largely by having deep-pocketed investors and the ability to thread the gateways - in music, in art, in literature, even in life. There was always a middleman or three, and their function existed primarily to be paid their pound of flesh so that they…

1 month 3 weeks ago
A few years ago, ING Bank saw the power that AI can bring to various parts of their organization. In particular, visionary technology leaders at ING saw the power that AI could bring to bond trading, allowing them to make faster and sharper pricing decisions. Sharing his insights on an AI Today podcast interview, Santiago Braje, Head of Credit Trading at ING, explained more about how ING sees AI in the context of bond trading, and the vision behind its Katana platform. Predictive Analytics Pattern to Help…

1 month 4 weeks ago
https://www.ibtimes.com/meet-man-who-invented-tech-cure-his-inoperable-brain-tumor-2142111 - 2004, Avi Yaron, after the procedure with Dr. Ted Schwartz, Cornell. IBTIMES Imagine one instance that could thwart someone’s path forever. It was a path of urgency. Survival or death. The uncertain future was fueled by the agony of helplessness. This was how Avi Yaron, a young engineer, felt when fraught with the knowledge that his newfound brain tumor could alter his life forever. He was just 26 years old.…

1 month 4 weeks ago
Sam Huang, BMW iVentures SAM HUANG It takes more than technology to make businesses work. One of the most precious resources, besides the humans that run the organization, is capital to fund growth. In the areas at the edge of innovation, especially artificial intelligence, this capital is being used to prove that existing technology is capable of driving real business return as well as advance the state of the art to push the technology in ways not possible today. It is no surprise, then, that major…

2 months ago
When it comes to addressing the future of the artificial intelligence industry, few people are caught in the middle of every change and shift than academics pushing forward leading research at universities. Steve Kuyan of NYU and FutureLabs is at the crossroads of the future of academic research in AI is well as the business implementation side. He recently shared his unique insights and perspectives on what we might expect from the industry going forward. As AI continues to gain popularity due to its…

2 months ago
Time-shifting the Generations Bloomberg has lately been running a superb series about the generations growing up in the shadows of the Millennials. Go read it, though read mine as well, as I've been watching the emergence of this particular generation for a while, and disagree with a few of the conclusions that the Bloomberg articles make.First, a question of timing. The whole notion of generations came about due to the work of two sociologists — William Strauss and Neil Howe, in the 1991 book Generations…

2 months ago
When you combine the words data and mining, you might think IT and technology-focused initiatives aimed at extracting value from data in the enterprise. But sometimes we mean applying the power of data and intelligence to the actual mining industry, where the primary value being extracted are resources from the earth. Even in this very physical of industries, artificial intelligence and machine learning are being applied to increase the efficiency, effectiveness, environmental and safety concerns, and…

2 months 1 week ago
There are 879 Opportunity Zones in the state of California alone. BRANDI IBRAO Opportunity zones have the potential to unlock an entirely new class of investors and bring high-tech, high-return AI companies to lower-income communities to create jobs in and move the capital to areas of poverty. For investors in startups focusing on advanced technology such as AI that might take decades to develop, exit or go public, opportunity zone investment provides an amazing, low-risk opportunity.  The intention of…

2 months 1 week ago
Once the need for a physical medium for currency disappears, the potential for radical change in financial systems rises dramatically. We're entering into this era now. GETTY In the 18th Century, a venture begun in England established an outpost in the New World around Hudson Bay. The Hudson Bay Company was given license by the crown to exploit the bounty of the Northernmost parts of North America, and eventually, a trading network was built out, trading fur, woods and mineral resources. This network…

2 months 1 week ago
How you go about getting a job will affect your life and career for years. Understand what you're doing, but most of all, believe in yourself. GETTY As an IT consultant, I have had, over the years, needed to negotiate salaries and later contracts for my work. I'm still not very good at it, though in general, I've learned enough to stay employed during even slow times. Throughout all this, I've found that there are a few good rules of thumb that help me determine what constitutes my upper and lower limits…

2 months 1 week ago
Alexandru Florea extends a hand. ALEXANDRU FLOREA Alexandru Iulian Florea didn't start to become a multimillionaire. At the age of 26, with his family unhappy with him for leaving university, Florea was given the option of moving out or getting a job to start paying for family expenses. He chose Door #3, starting a business that went on to become one of the larger peer-to-peer networks in the world, and from there to start others, including his most recent: Online.io, a peer-to-peer network built on top…

2 months 1 week ago
Sales are a primarily human-to-human activity. The very nature of sales is entirely built upon human communication. The core of sales as a process is focused on one human being's ability to connect with another and convince them that they need to buy what the offeror has for sale. Successfully establishing relationships is key to landing a successful sale, which is why having strong communication skills is easily the most important focus for just about any person that works in sales. With the strong…

2 months 2 weeks ago
Madison Bregman, CEO of GirlZ MADISON BREGMAN One of the central challenges of knowing one's market is having an idea about what matters to people at specific ages. Millennials have been beneath the proverbial microscope for some time now as they have graduated from college, entered the workforce and in many cases have started families. The next generation (Generation Z if you follow the Strauss and Howe designations) extends roughly from the early 1990s to the Great Recession starting in late 2008. I…

2 months 2 weeks ago
Artificial intelligence is getting ubiquitous and is transforming organizations globally. AI is no longer just a technology. It is now one of the most important lenses that business leaders need to look through to identify new business models, new sources of revenue and bring in critical efficiencies in how they do businesses. Artificial intelligence has quickly moved beyond bits and pieces of topical experiments in the innovation lab. AI needs to be woven into the fabric of business. Indeed, if you see…

2 months 2 weeks ago
Ever since humans have had people and projects to manage, we’ve had challenges keeping the projects on time, on budget, and people on task. The field and industry of project management emerged as a way to manage a collection of people towards an end goal. For project managers, it is commonplace to be managing not only multiple teams, but also multiple projects at the same time. These projects often must come together towards a bigger goal. For a field that is known for having lots of moving parts, finding…

2 months 2 weeks ago
Marketing in the 21st century means selling long tails to mermaids.(Photo by Cris Faga/NurPhoto via Getty Images) NURPHOTO VIA GETTY IMAGES Marketing has always fascinated me. My first full-time job, many years ago, was working for an advertising agency as a computer graphic artist, and it gave me an understanding of the process of promoting and selling from very small (a car dealership) to very large (a chain of some of the largest malls in the US at the time). Over the years, I revisit the field,…

2 months 2 weeks ago
Every industry -- from healthcare to entertainment -- is overlooked by some or another form of a regulatory body. In fact, in some key sectors such as finance, multiple regulators control different aspects of the sector. For instance, just in the US, there are at least ten different financial regulators such as the Securities and Exchange Commission, The Federal Reserve and the Consumer Financial Protection Bureau, among others. Each of these regulatory agencies has hundreds of regulations that apply to…

2 months 3 weeks ago
If you’ve ever browsed through the vast selection of items Amazon offers on their website then you’ve most likely interacted with their advanced AI algorithms. Beginning with product recommendations, Amazon started using machine-learning algorithms as part of their core offerings, and over time, they have quietly built strong AI and ML capabilities broadly across the whole organization. There is no single AI group at Amazon. Rather, every team is responsible for finding ways to utilize AI and ML in their…

4 months 4 weeks ago
As is the case with investments in any other area of technology, AI needs to deliver demonstrable impact to business top line and bottom line. In today’s competitive landscape of business, enterprises are expected to measure the incremental ROI for every expense and every investment made – technology or otherwise. The case of Artificial Intelligence is no different. It is critical that technology and business leaders demand ROI impact for this technology in order to foster its growth and justify its…

5 months 1 week ago
I recently came across this job description for a data scientist (anonymized to protect the innocent) Responsibilities: Translate business requirements into machine learning product. Architect and Build machine learning software products for our core business. Communicate with business owners the strategy and rationale, define and execute a project plan Lead all aspects of ML automation including model training and development, feature selection and model tuning. Develop production…

6 months 4 weeks ago
Is Your Data Sleeping? I just returned after delivering a cool keynote on Data Science in Athens, Greece to many IT and Business Managers. It was great to have interacted personally with both engineers and managers of companies across Europe One question a manager asked me in private: “We are a large company and have hundreds of thousands of clients across the globe. There is so much data but how can I derive insights and eventually make some meaningful projects that can help drive sales and improve our…

7 months ago
The movie Moneyball, among many things, can be considered as the prime example of data-driven performance optimization in sports. For those who haven’t watched the movie or read the book it is based on, it depicts the story of how the Oakland Athletics’ general manager, Billy Beane, used statistical data and analytics to build a competitive team despite the team’s small budget. His team, which was assembled by analyzing individual statistics of players, data mainly acquired free, went on to have an…

7 months ago
In a recent episode of Last Week Tonight, host John Oliver tackled growing fears surrounding job displacement due to automation. “What do you want to do when you grow up?” he asked a bevy of adorable four and five-year-olds who supplied the typical answers: pilot, lawyer, doctor — and of course, mermaid doctor. Pouring water on these little kids’ dreams — and those of adults alike, Oliver cited an alarming University of Oxford study predicting up to 50 percent of human jobs are at risk of being usurped by…

7 months ago
The lowly contract, a staple of business transactions everywhere, is about to get a major facelift. The typical role of a contract to date has been largely testimonial: an agreement is made between two parties (identified in painstaking detail) on page one, with stipulations about what is to be delivered at what cost, and the penalties that accrue if one or the other party fails to live up to their part of the agreement. Once the appropriate John Hancocks are signed, a process that usually involves…

7 months 3 weeks ago
  A few months ago, research firm Cognilytica wrote about the current state of the global AI race. (Disclosure: I am a principal analyst at Cognilytica) Many countries such as China, South Korea, France, Japan and Germany have lofty ambitions to gain a stronghold on AI technologies. About a year ago, China released a three-step program outlining its goal to become a world leader in AI by 2030. Almost half of all worldwide patents on autonomous driving come from German car companies or their suppliers.…

7 months 3 weeks ago
February 26, 2019  |  CogWorld on FORBES Artificial Intelligence (AI) has been around for about 75 years now. The creation of IBM Watson was a seminal moment that brought AI into the mainstream. I was fortunate enough to be a part of the founding team of Watson and got to experience this paradigm shift firsthand.   Today, AI has grabbed a foothold in enterprise IT and is poised to become as ubiquitous as the internet—touching every aspect of our lives, from our jobs and transportation systems, to…

1 year ago
By Thomas Seoh  |  September 28, 2018  |  Source:  CogWorld on FORBESThomas Seoh is CEO of Kinexum, a life sciences strategic advisory firm providing guidance on regulatory, clinical and other translational matters for life science product development. The pace of acceleration in the past several years in AI seems to be starting to climb the exponential part of the “S” curve. From playing Go, to translating one human language into another, to predicting and attempting to compose hit tunes, to…