Researchers have tried for decades to create computers capable of learning. Recently, using the human brain as a model, they have had some success. Complicated algorithms have been developed, allowing computers to learn on a limited scale. Deep Learning (DL) is the name used for the process of computers “learning” appropriate responses as they interact […]
Banking on FIBO: Financial Institutions Turn to Semantic Standard
What is a Semantic Bank? One thing is for sure: The Financial Industry Business Ontology (FIBO) developed by the EDM Council, which semantically defines core financial industry concepts and relationships, probably plays a big role in it. A look at Deutsche Bank should help clarify the concept. The bank has leveraged FIBO as the basic […]
Developing Machine Learning Skills on the Job
Data continues to inhabit every facet of human existence and so the need for competent Data Scientists to help leverage the insights from that data will invariably increase for the foreseeable future. According to a past EMC Data Scientist Study and the 2015 Global IT Report, the amounts of data created by the year 2020 […]
Artificial Intelligence Market Forecast: 2016 – 2024
PR Newswire reported recently on the “Artificial Intelligence Market” report, which provides analysis of the global artificial intelligence market for the period 2014–2024. The report precisely covers all the major trends and technologies playing a major role in the artificial intelligence market’s growth over the forecast period. It also highlights the drivers, restraints, and opportunities […]
SAS Announces New Open, “Cloud-Ready” Machine Learning/Cognitive Computing Platform
SAS announced a new open, “cloud-ready” machine learning, cognitive computing, analytics platform. Recently, Customer Think wrote: The idea is to bring together the SAS portfolio, built over some 40 years, into one platform that can be used by data scientists and other analytics professionals; business users and IT management; and senior management. Customer Think stated, SAS is also working […]
Informatica’s Analytics Package Organizes Big Data Lakes
Informatica has come up with a new analytics package to organize Big Data Lakes. Computers, mobile devices and smart sensors are generating trillions of pieces of data around the world at an unprecedented rate. Tiny sensors collect soil data for farmers, wearable devices accumulate data about our health, scanners track consumer purchases. The list of […]
How Big Data is Strengthening Machine Learning Projects
“Modern Machine Learning is devoted to deriving value from data, not jamming the airlocks.” The above quote from Arthur C. Clark’s HAL 9000 vision is about to become a reality, thanks to Big Data enabled Machine Learning (ML). With modern computers exhibiting exceptional performance and storage devices being available within easy budgets, global businesses are increasingly […]
Drink Up the Data Analytics: System Helps with On-Tap Inventory and Sales
If you love beer and Data Analytics – and who doesn’t? – you may be excited to learn that the two pair up together in a system for bars and restaurants. These retail establishments use it to help them better understand and manage their on-tap inventory and improve their sales. Twenty billion dollars’ worth of […]
Deep Learning Obstacles: What’s the Lesson?
Historically, Google hasn’t often shared its powerful arsenal of hardware and software technologies, which has helped build its reputation and market dominance over the years. Google has been one of the symbolic forces behind advanced data transmission technologies used across the globe. Yet, Google maintained its strategic strength over its competitors by carefully withholding older […]
Advanced Analytics 101: Beyond Business Intelligence
Trying to make sense of data is nothing new. Companies have been applying analytical methods since before the computer was invented. Once computers and storage became reasonably cheap and powerful, in the late 1980s, companies started using Business Intelligence (BI) software to try to find meaning in their data. Today’s Advanced Analytics go beyond the […]