Process control practitioners frequently use virtual machines (VMs) when deploying and managing process automation applications. However, developments in operational technologies have created new and better ways to streamline management on cloud data centers. Orchestration and containerization – next-generation virtualization concepts – are transforming automation and freeing users from the frustrating and time-consuming process of wholesale digital […]
Modernizing the Insurance Industry with AI and Machine Learning
Insurance is a massive expense for many people. According to a report by the Association of British Insurers, the average cost for comprehensive car insurance across the U.K. is £460 per year. And for drivers under 25, the cost can jump even higher. Health insurance in the U.K. can be costly too – according to one report, the […]
Data vs. Disaster: 5 Ways Analytics Is Helping Tackle Climate Change
With the recent Intergovernmental Panel on Climate Change (IPPC) report painting a worrying picture of our battle against climate change, we will explore five ways analytics can help turn the tide. The UN Secretary-General, Antonio Guterres, called the report “a code red for humanity,” adding that “the alarm bells are deafening and evidence irrefutable.” U.S. President Joe […]
How AI Is Paving the Way for Improved Surveillance and Cybersecurity
Cybersecurity is increasingly leaning towards artificial intelligence (AI) to help mitigate threats because of the innate ability AI has to turn big data into actionable insights. Rightly so, because the threat to data security is real, and across all industries. For instance, while there were fewer than 50 million unique malware cases in 2010, the number had […]
How Transformer-Based Machine Learning Can Power Fintech Data Processing
Machine learning (ML) has enabled a whole host of innovations and new business models in fintech, driving breakthroughs in areas such as personalized wealth management, automated fraud detection, and real-time small business accounting tools. For a long time, one of the most significant challenges of machine learning has been the amount and quality of data […]
4 Key Steps to Using Customer Data More Effectively
Customers now interact with brands in a variety of ways. They can shop in person at brick-and-mortar locations, talk with customer service representatives by phone, or browse, make purchases, and leave feedback online. Data is generated and collected at each one of these – and numerous other – touchpoints. But many companies do not know […]
A Brief History of Neural Networks
In the last few decades, neural networks have evolved from an academic curiosity into a vast “deep learning” industry. Deep learning uses neural networks, a data structure design loosely inspired by the layout of biological neurons. These neural networks are constructed in layers, and the inputs from one layer are connected to the outputs of […]
What Is Data Cleansing?
Data cleansing (aka data cleaning or data scrubbing) is the act of making system data ready for analysis by removing inaccuracies or errors. This process prevents questionable and costly business decisions based on messy data. Data volumes and sources have grown much bigger and are expected to scale up even quicker. Companies wish to access […]
Knowledge Graphs for Robust Data Governance
More data, more sources, more conflicts. More self-service reporting, more cross-functional analytics, more government and industry regulations. Without a way to govern all the data in their possession, businesses are not going to do well at creating reports or dashboards or building data consensus across departments. Nor will they feel confident that they’re not missing […]
The Hybrid Approach to Responsible AI
Click to learn more about author Luca Scagliarini. Artificial intelligence (AI) is on an upward growth trend and there is no sign it will level off any time soon. Recent research by Fortune Business Insights suggests the market will jump nearly tenfold from $27.23 billion in 2019 to $266.92 billion by 2027. This represents a staggering […]