article thumbnail

3 new steps in the data mining process to ensure trustworthy AI

IBM Big Data Hub

Sometimes as data scientists, we are often so determined to build a perfect model that we can unintentionally include human bias into our models. Often the bias creeps in through training data and then is amplified and embedded in the model. Model risk management.

article thumbnail

The trinity of errors in financial models: An introductory analysis using TensorFlow Probability

O'Reilly on Data

An exploration of three types of errors inherent in all financial models. At Hedged Capital , an AI-first financial trading and advisory firm, we use probabilistic models to trade the financial markets. All financial models are wrong. Clearly, a map will not be able to capture the richness of the terrain it models.

Modeling 134
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Five open-source AI tools to know

IBM Big Data Hub

When AI algorithms, pre-trained models, and data sets are available for public use and experimentation, creative AI applications emerge as a community of volunteer enthusiasts builds upon existing work and accelerates the development of practical AI solutions.

article thumbnail

Decoding Data Analyst Job Description: Skills, Tools, and Career Paths

FineReport

Data analysts interpret data using statistical techniques, develop databases and data collection systems, and identify process improvement opportunities. They should possess technical expertise in data models, database design, and data mining, along with proficiency in reporting packages, databases, and programming languages.

article thumbnail

Leveraging user-generated social media content with text-mining examples

IBM Big Data Hub

One of the best ways to take advantage of social media data is to implement text-mining programs that streamline the process. What is text mining? For instance, a parsing model could identify the subject, verb and object of a complete sentence. You may need to iterate this process until the results are satisfactory.

article thumbnail

How Big Data Analytics & AI Combined can Boost Performance Immensely

Smart Data Collective

Above all, there needs to be a set methodology for data mining, collection, and structure within the organization before data is run through a deep learning algorithm or machine learning. With the evolution of technology and the introduction of Hadoop, Big Data analytics have become more accessible. Innovations.

Big Data 104
article thumbnail

Traits AI Startups Seek When Hiring New Employees

Smart Data Collective

Unfortunately, they also have challenges, such as choosing the right business model for their AI startup. As far as Data Analysis is concerned, potential employees should have an extensive knowledge of quantitative research, quantitative reporting, compiling statistics, statistical analysis, data mining, and big data.