Mon.Mar 27, 2023

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Applications of Machine Learning and AI in Banking and Finance in 2023

Analytics Vidhya

Introduction Could the American recession of 2008-10 have been avoided if machine learning and artificial intelligence had been used to anticipate the stock market, identify hazards, or uncover fraud? The recent advancements in the banking and finance sector suggest an affirmative response to this question. The keys to business success are sophisticated, intelligent security systems […] The post Applications of Machine Learning and AI in Banking and Finance in 2023 appeared first on Analyt

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Why data leaders struggle to produce strategic results

CIO Business Intelligence

Chief data and analytics officers (CDAOs) are poised to be of increasing strategic importance to their organizations, but many are struggling to make headway, according to data presented last week by Gartner at the Gartner Data & Analytics Summit 2023. Fewer than half (44%) of data and analytics leaders say their teams are effective in providing value to their organization.

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How is the Dawn of AI Blooming and Transforming Industries?

Analytics Vidhya

In the article, Gates talks about the status of artificial intelligence today and how it might change a variety of sectors, such as agriculture, health care, and education. He says that in fields like speech recognition, image recognition, and natural language processing, it has already achieved significant progress. As a result, AI is being incorporated […] The post How is the Dawn of AI Blooming and Transforming Industries?

Analytics 300
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Automation in Data Science Workflows

KDnuggets

Will data science, known for replacing innately iterative work with automation, become automated? Will data scientists’ jobs be automated too?

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Beyond the Basics of A/B Tests: Innovative Experimentation Tactics You Need to Know as a Data or Product Professional

Speaker: Timothy Chan, PhD., Head of Data Science

Are you ready to move beyond the basics and take a deep dive into the cutting-edge techniques that are reshaping the landscape of experimentation? From Sequential Testing to Multi-Armed Bandits, Switchback Experiments to Stratified Sampling, Timothy Chan, Data Science Lead, is here to unravel the mysteries of these powerful methodologies that are revolutionizing how we approach testing.

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The Future of AI with ChatGPT Plugins

Analytics Vidhya

The introduction of ChatGPT modules by Open AI is intended to improve the user experience. These plugins can be downloaded from the plugins store and are presently only available to a select group of users. Users of ChatGPT can anticipate increased convenience as a result of the launch of these plugins. Users can place orders […] The post The Future of AI with ChatGPT Plugins appeared first on Analytics Vidhya.

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AI bots for customer experience: trends, insights, and examples

CIO Business Intelligence

The hype surrounding AI-based voice and chatbots is evident, but do they deliver? Most still perform only extremely basic tasks and often mirror the poor practices of traditional IVRs. Customers may be open to the idea, but only 30% believe that chatbots and virtual assistants make it easier to address their service issues. The things customers say bots are good at – replying quickly, helping them outside normal business hours, being friendly – are not as important as what 60% say bots fail

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6 Reasons to Boost Data Security Plan in the Age of Big Data

Smart Data Collective

Our lives are being affected by big data more than ever. Therefore, it should be no surprise that the big data analytics market is projected to be worth $655 billion by 2027. However, the rise of big data has also led to greater security risks. Businesses need to bolster their data security as a result. Our Growing Dependence on Big Data Makes Data Security More Important than Ever Big data is revolutionizing the way we live our lives.

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Visual ChatGPT: Microsoft Combine ChatGPT and VFMs

KDnuggets

Microsoft announces Visual ChatGPT for talking, drawing, and editing with visual foundation models.

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Manage your data warehouse cost allocations with Amazon Redshift Serverless tagging

AWS Big Data

Amazon Redshift Serverless makes it simple to run and scale analytics without having to manage your data warehouse infrastructure. Developers, data scientists, and analysts can work across databases, data warehouses, and data lakes to build reporting and dashboarding applications, perform real-time analytics, share and collaborate on data, and even build and train machine learning (ML) models with Redshift Serverless.

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Growing Demand for Data Science & Data Analyst Roles

Smart Data Collective

Unleash your analytical prowess in today’s most coveted professions – Data Science and Data Analytics! As companies plunge into the world of data, skilled individuals who can extract valuable insights from an ocean of information are in high demand. Join the data revolution and secure a competitive edge for businesses vying for supremacy.

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From Developer Experience to Product Experience: How a Shared Focus Fuels Product Success

Speaker: Anne Steiner and David Laribee

As a concept, Developer Experience (DX) has gained significant attention in the tech industry. It emphasizes engineers’ efficiency and satisfaction during the product development process. As product managers, we need to understand how a good DX can contribute not only to the well-being of our development teams but also to the broader objectives of product success and customer satisfaction.

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Multimodal Models Explained

KDnuggets

Unlocking the Power of Multimodal Learning: Techniques, Challenges, and Applications.

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SMEs Use AI-Driven Financial Software for Greater Efficiency

Smart Data Collective

AI is driving major changes in the financial world. It is estimated that Fintech companies spent over $9.5 billion on AI in 2021 , but small businesses may spend even more on AI-driven financial management software. The banking industry is among those most heavily affected by AI. Smart solutions can give banks an advantage over competitors. Some of the benefits of AI in banking include: Banks use AI bots to onboard clients and analyze borrower risk.

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Visualize Confluent data in Amazon QuickSight using Amazon Athena

AWS Big Data

This is a guest post written by Ahmed Saef Zamzam and Geetha Anne from Confluent. Businesses are using real-time data streams to gain insights into their company’s performance and make informed, data-driven decisions faster. As real-time data has become essential for businesses, a growing number of companies are adapting their data strategy to focus on data in motion.

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Smart UPS Connectivity: what it is and why you need it

CIO Business Intelligence

The electricity supply in Australia, New Zealand and Singapore is very reliable, much more so than in many countries in East Asia, but outages do occur, and the shift to renewables is increasing the risk, as are more extreme weather events. Also, there can be other problems about which the average user would be unaware: brownouts (sudden voltage drops) spikes (sudden voltage surges) and noise (high frequency signals on the supply line).

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Peak Performance: Continuous Testing & Evaluation of LLM-Based Applications

Speaker: Aarushi Kansal, AI Leader & Author and Tony Karrer, Founder & CTO at Aggregage

Software leaders who are building applications based on Large Language Models (LLMs) often find it a challenge to achieve reliability. It’s no surprise given the non-deterministic nature of LLMs. To effectively create reliable LLM-based (often with RAG) applications, extensive testing and evaluation processes are crucial. This often ends up involving meticulous adjustments to prompts.

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5 Ways Data Visualization Can Improve Your Decision-Making Process

Decision Management Solutions

Data visualization is a powerful tool that can help improve decision-making across several industries, including business, finance, healthcare, and more. By allowing users to more easily understand and interpret data, data visualization can help make more informed and accurate decisions, leading to improved outcomes and increased success. By transforming data into visually appealing and easy-to-understand graphics, data visualization allows decision-makers to comprehend large, complex datasets,

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CIOs to learn about the art of persuasive communication.

CIO Business Intelligence

Persuasive Communication Workshop, FutureIT | Dallas, March 29th. Hosted by Dan Roberts, Host, Tech Whisperers Podcast, CEO, Ouellette & Associates and Larry Bonfante, Senior Consultant, Ouellette & Associates. IDG Don’t miss CIO’s FutureIT | March 29 at the Tower Club, Dallas presented by CIO, CSO and ComputerWorld. A pre-conference workshop will be exclusively offered to conference attendees, hosted by Dan Roberts, Host, Tech Whisperers Podcast; CEO, Ouellette & Associates and Larr

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Paying Down Your Analytics + AI Technical Debt

Dataiku

Technical debt — the accumulation of messy code, aging systems, and temporary patches that you will need to fix later — is costly anywhere in an organization. Within an analytics and AI stack, however, it can be the difference between being able to generate an insight that drives millions of dollars of ROI and simply continuing with business as usual.

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AWS Glue crawlers support cross-account crawling to support data mesh architecture

AWS Big Data

Data lakes have come a long way, and there’s been tremendous innovation in this space. Today’s modern data lakes are cloud native, work with multiple data types, and make this data easily available to diverse stakeholders across the business. As time has gone by, data lakes have grown significantly and have evolved to data meshes as a way to scale. Thoughtworks defines a data mesh as “a shift in a modern distributed architecture that applies platform thinking to create self-serve data infrastruc

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How to Build an Experimentation Culture for Data-Driven Product Development

Speaker: Margaret-Ann Seger, Head of Product, Statsig

Experimentation is often seen as an aspirational practice, especially at smaller, fast-moving companies who are strapped for time and resources. So, how can you get your team making decisions in a more data-driven way while continuing to remain lean and maintaining ship velocity? In this webinar, Margaret-Ann Seger, Head of Product at Statsig, will teach you how to build an experimentation culture from the ground-up, graduating from just getting started with data-driven development to operating

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Review: Stefanie Posavec’s “Dataviz Drawing Class”

Depict Data Studio

Last month, I participated in Stefanie Posavec’s Dataviz Drawing Class. I LOVED the class! Wondering whether the class is right for you? What’s inside this review: Class logistics Why I signed up About the instructor What we learned Who this class is best for My favorite part Learn more Class Logistics A dozen of us met for two half-day classes held over Zoom.

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Deep Pool boosts software quality control using Amazon QuickSight

AWS Big Data

Deep Pool Financial Solutions , an investor servicing and compliance solutions supplier, was looking to build key performance indicators to track its software tests, failures, and successful fixes to pinpoint the specific areas for improvement in its client software. Deep Pool was unable to access the large amounts of data that its project management software provided, so it used AWS to access, manage, and analyze that data more efficiently.

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Trusted Data: Alchemy For Misinformation

Cloudera

The best description of untrusted data I’ve ever heard is, “We all attend the QBR – Sales, Marketing, Finance – and present quarterly results, except the Sales reports and numbers don’t match Marketing numbers and neither match Finance reports. We argue about where the numbers came from, then after 45 minutes of digging for common ground, we chuck our shovels and abandon the call in disgust.

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