3 weeks 5 days 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…

1 month 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…

2 months 3 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…

2 months 4 weeks 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…

3 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…

3 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…

3 months 2 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.…

3 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…

8 months 3 weeks 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…