April, 2023

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BNY Mellon banks on AI to improve master data

CIO Business Intelligence

Data about who owes how much to whom is at the core of any bank’s business. At Bank of New York Mellon, that focus on data shows up in the org chart too. Chief Data Officer Eric Hirschhorn reports directly to the bank’s CIO and head of engineering, Bridget Engle, who also oversees CIOs for each of the bank’s business lines. “It’s very purposeful because a lot of the opportunities for us around data require tight integration with our technology,” says Hirschhorn.

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Make Better Decisions with Collaborative Analytics

David Menninger's Analyst Perspectives

In my perspective on decision intelligence , I lamented the fact that business intelligence technologies have left the rest of the exercise to the reader for too long. Making a decision is a process that involves many steps and many people. Decision-making is so complicated and divorced from day-to-day business processes that organizations have had to create entirely separate teams to focus on the analytics and data to support it.

Analytics 306
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Trending Sources

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Real World Programming with ChatGPT

O'Reilly on Data

This post is a brief commentary on Martin Fowler’s post, An Example of LLM Prompting for Programming. If all I do is get you to read that post, I’ve done my job. So go ahead–click the link, and come back here if you want. There’s a lot of excitement about how the GPT models and their successors will change programming. That excitement is merited. But what’s also clear is that the process of programming doesn’t become “ChatGPT, please build me an enterprise application to sell shoes.

Testing 260
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Data Visualization Best Practices & Resources for Effective Communication

KDnuggets

This article is meant to help you understand the art of data visualization and how to apply it to your work.

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The Executive Guide to Generative AI

Generative AI is taking the world by storm, but the questions that all CEOs, data leaders, and AI leaders are being asked are: What are we going to do about it, and what is our plan? The business and creative possibilities are practically limitless with generative AI. From productivity gains to finding new routes to revenue generation, generative AI is going to radically transform how we work.

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Deep Learning for Image Segmentation with TensorFlow

Analytics Vidhya

Introduction Image segmentation is a task in computer vision that involves dividing a particular image into multiple segments where each segment represents an object or region in the image. This task is important for applications such as object detection, image recognition, and autonomous driving. TensorFlow is an open-source framework used for building and training machine […] The post Deep Learning for Image Segmentation with TensorFlow appeared first on Analytics Vidhya.

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Bot Experience Engineer Is the Sexiest Job of the Next 10 Years

Dataiku

Thirteen years ago, 14 months after Geoffrey Hinton’s seminal deep learning tech talk , Google Chief Economist Hal Varian said that statisticians would be the sexiest job in the next 10 years. He was right, although we call them data scientists rather than statisticians. A new foundational machine learning model — deep learning — created demand for a new role to train those models.

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How the BMW Group analyses semiconductor demand with AWS Glue

AWS Big Data

This is a guest post co-written by Maik Leuthold and Nick Harmening from BMW Group. The BMW Group is headquartered in Munich, Germany, where the company oversees 149,000 employees and manufactures cars and motorcycles in over 30 production sites across 15 countries. This multinational production strategy follows an even more international and extensive supplier network.

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How Smart Buildings Use Data to Help Businesses Cut Costs

Smart Data Collective

There are many ways businesses are using big data to make better decisions and operate more efficiently Organizations can use big data to optimize expenses and reduce costs. A modern data infrastructure can help get more value from data by accelerating decision making, simplifying operations, and powering analytics. One of the many ways big data is helping companies operate more cost-effectively is through the construction of smart buildings.

Big Data 132
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Mastering Generative AI and Prompt Engineering: A Free eBook

KDnuggets

In short, generative AI — and the prompts that power them — are everywhere. But beyond the basics, what do you really know about either? Perhaps you would find a concise, focused ebook on the topics useful.

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Futurist Ray Kurzweil Claims Humans Will Achieve Immortality by 2030

Analytics Vidhya

“Immortality in Just 7 Years,” Predicts Ex-Google Engineer Ray Kurzweil, the man behind some of the most accurate predictions of our time, has made a jaw-dropping claim: “Humans will achieve immortality by 2030!” In a recent YouTube series, the Ex-Google engineer spoke of the incredible advancements in technology that will lead to eternal life.

Analytics 363
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From Hadoop to Data Lakehouse

Getting off of Hadoop is a critical objective for organizations, with data executives well aware of the significant benefits of doing so. The problem is, there are few options available that minimize the risk to the business during the migration process and that’s one of the reasons why many organizations are still using Hadoop today. By migrating to the data lakehouse, you can get immediate benefits from day one using Dremio’s phased migration approach.

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ISO 20022: Are your payment systems ready?

IBM Big Data Hub

ISO 20022 is a global standard for financial messaging that aims to standardize electronic data interchange between financial institutions. It provides a structured way of exchanging data for financial transactions, including payments, securities and trade services. The International Organization for Standardization (ISO) developed the standard, which is being adopted by countries and financial institutions worldwide.

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5 hot digital transformation trends — and 2 going cold

CIO Business Intelligence

Digital transformation has always been a continuous journey, one that should become an organizational core competency, with the introduction of digital services an ongoing imperative to evolve the business and stave off disruption. While this may remain the case, subtleties are emerging about how digital transformation should be thought of, impacting how it should be undertaken.

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Monitor and optimize cost on AWS Glue for Apache Spark

AWS Big Data

AWS Glue is a serverless data integration service that makes it simple to discover, prepare, and combine data for analytics, machine learning (ML), and application development. You can use AWS Glue to create, run, and monitor data integration and ETL (extract, transform, and load) pipelines and catalog your assets across multiple data stores. One of the most common questions we get from customers is how to effectively monitor and optimize costs on AWS Glue for Spark.

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The Role of Data in Understanding Demographics for Effective Marketing

Smart Data Collective

In the past, large data sets about consumers were far more difficult to come by. For small businesses and agencies, this meant being at a significant disadvantage to larger businesses and corporations that could afford to conduct large-scale research. Today, however, this is far from the case and consumer data is more available than it ever has been before.

Marketing 126
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ERM Program Fundamentals for Success in the Banking Industry

Speaker: William Hord, Senior VP of Risk & Professional Services

Enterprise Risk Management (ERM) is critical for industry growth in today’s fast-paced and ever-changing risk landscape. When building your ERM program foundation, you need to answer questions like: Do we have robust board and management support? Do we understand and articulate our bank’s risk appetite and how that impacts our business units? How are we measuring and rating our risk impact, likelihood, and controls to mitigate our risk?

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A Guide to Top Natural Language Processing Libraries

KDnuggets

Natural Language Processing is one of the hottest areas of research. While NLP tasks may seem a bit complicated at first, they can be made easier by using the right tools. This article covers a list of the top 6 NLP Libraries that can save you time and effort.

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Meet AgentGPT, an AI That Can Create Chatbots, Automate Things, and More!

Analytics Vidhya

A fully autonomous AI agent called AgentGPT is gaining popularity in the field of generative AI models. Based on AutoGPT initiatives like ChaosGPT, this tool enables users to specify a name and an objective for the AI to accomplish by breaking it down into smaller tasks. AgentGPT is a no-code, browser-based solution that makes AI […] The post Meet AgentGPT, an AI That Can Create Chatbots, Automate Things, and More!

Analytics 348
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Why companies need to accelerate data warehousing solution modernization

IBM Big Data Hub

Unexpected situations like the COVID-19 pandemic and the ongoing macroeconomic atmosphere are wake-up calls for companies worldwide to exponentially accelerate digital transformation. During the pandemic, when lockdowns and social-distancing restrictions transformed business operations, it quickly became apparent that digital innovation was vital to the survival of any organization.

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Building a vision for real-time artificial intelligence

CIO Business Intelligence

By George Trujillo, Principal Data Strategist, DataStax I recently had a conversation with a senior executive who had just landed at a new organization. He had been trying to gather new data insights but was frustrated at how long it was taking. (Sound familiar?) After walking his executive team through the data hops, flows, integrations, and processing across different ingestion software, databases, and analytical platforms, they were shocked by the complexity of their current data architecture

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The B2B Sales Leader's Guide for Any Economic Environment

When economic headwinds pick up, sales leaders are the first to sound the alarm — and chart a new course. Longer sales cycles, larger buying committees, increased price pressure, and smaller teams can quickly combine to reduce your margin for error and increase the urgency to find a solution. To thrive in a challenging environment, sales teams need a rock-solid grasp of the fundamentals and the biggest force-multipliers they can get their hands on.

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Use the Amazon Redshift Data API to interact with Amazon Redshift Serverless

AWS Big Data

Amazon Redshift is a fast, scalable, secure, and fully managed cloud data warehouse that makes it simple and cost-effective to analyze all your data using standard SQL and your existing ETL (extract, transform, and load), business intelligence (BI), and reporting tools. Tens of thousands of customers use Amazon Redshift to process exabytes of data per day and power analytics workloads such as BI, predictive analytics, and real-time streaming analytics.

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How Does Next-Gen SIEM Prevent Data Overload For Security Analysts?

Smart Data Collective

Understaffed, with their budgets cut, and overworked — why does that describe the state of security operation centers today when businesses need effective protection more than ever? Cyber professionals are facing more hacking threats than ever before, there’s a shortage of skilled cybersecurity professionals and a flood of data that is coming from a large number of protective tools.

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Dolly 2.0: ChatGPT Open Source Alternative for Commercial Use

KDnuggets

Dolly 2.0 was trained on a human-generated dataset of prompts and responses. The training methodology is similar to InstructGPT but with a claimed higher accuracy and lower training costs of less than $30.

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FreedomGPT: Personal, Bold and Uncensored Chatbot Running Locally on Your PC

Analytics Vidhya

Introducing FreedomGPT: The Unfiltered AI Powerhouse Freedom GPT is a groundbreaking open-source AI technology developed by Age of AI, an Austin-based AI venture capital firm. This state-of-the-art chatbot is programmed to recognize and prioritize ethical considerations without any censorship filter, unlike ChatGPT, which comes with censorship compliance and certain safety rules that prevent it from […] The post FreedomGPT: Personal, Bold and Uncensored Chatbot Running Locally on Your PC a

Analytics 338
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The Definitive Guide to Dashboard Design

Dashboard design can mean the difference between users excitedly embracing your product or ignoring it altogether. Great dashboards lead to richer user experiences and significant return on investment (ROI), while poorly designed dashboards distract users, suppress adoption, and can even tarnish your project or brand. That’s one of the many reasons we wrote The Definitive Guide to Dashboard Design—to help you avoid common pitfalls, including… Cramming too much onto one screen and expecting the u

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The Data Visualization Design Process: A Step-by-Step Guide for Beginners

Depict Data Studio

Visualizing data in charts, graphs, dashboards, and infographics is one of the most powerful strategies for getting your numbers out of your spreadsheets and into real-world conversations. But it can be overwhelming to get started with data visualization. Does data visualization leave you feeling like the numbers are about to topple over on you?? If so, this step-by-step data visualization guide is for you!

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Crafting IT innovation strategies for real-world value

CIO Business Intelligence

Jeff Dirks is fascinated by new technologies like generative AI. But when it comes to implementation, the chief information and technology officer of workforce augmentation firm TrueBlue chooses a path that trails early adopters. “We’re in the early majority,” is the CIO/CTO’s blunt self-assessment. Although many IT leaders would like to think of themselves — and have others think of them — as in the vanguard of new technology adoption, the vast majority find themselves in the middle of a bell c

Strategy 143
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Connect Kafka client applications securely to your Amazon MSK cluster from different VPCs and AWS accounts

AWS Big Data

You can now use Amazon Managed Streaming for Apache Kafka (Amazon MSK) multi-VPC private connectivity (powered by AWS PrivateLink ) and cluster policy support for MSK clusters to simplify connectivity of your Kafka clients to your brokers. Amazon MSK is a fully managed service that makes it easy for you to build and run applications that use Kafka to process streaming data.

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5 Reasons to Hire a Marketing Agency that Knows Data Analytics

Smart Data Collective

Marketing is becoming more science than art due to digitization. Data-savvy marketers have access to valuable insights into their customers, performance, and opportunities for improvement. Marketing departments that don’t embrace analytics risk being outpaced by competitors and consumer expectations. A recent survey found that 73% of consumers expect marketers to anticipate their needs.

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The Forrester Wave™: AI/ML Platforms: Vendor Strategy, Market Presence, and Capabilities Overview

As enterprises evolve their AI from pilot programs to an integral part of their tech strategy, the scope of AI expands from core data science teams to business, software development, enterprise architecture, and IT ops teams. Enterprises need a platform that can make broader AI teams more productive, implementing more complex use cases and harnessing the fast pace of new AI technologies.

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LangChain 101: Build Your Own GPT-Powered Applications

KDnuggets

LangChain is a Python library that helps you build GPT-powered applications in minutes. Get started with LangChain by building a simple question-answering app.

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Why Learn No Code Machine Learning in 2023?

Analytics Vidhya

Introduction Technologies like machine learning and artificial intelligence have become the talk of the town because of their applicability across organizations of all sizes and domains; and their ability to automate the most complex tasks. It was only in the reinvention of backpropagation in the mid-1980s that they were deemed successful sheerly because of the […] The post Why Learn No Code Machine Learning in 2023?

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Google’s Monopoly Hindered Innovations Like ChatGPT: US Department of Justice

Analytics Vidhya

The US Department of Justice (DOJ) has recently asserted that Google’s monopoly in the tech industry may have delayed the development of innovations like ChatGPT. This statement brings attention to the growing concerns regarding the market dominance of tech giants and the potential repercussions of technological advancements and competition. The DOJ’s Findings on Google’s Monopoly […] The post Google’s Monopoly Hindered Innovations Like ChatGPT: US Department of Jus

Analytics 325
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Microsoft Releases VisualGPT: Combines Language and Visuals

Analytics Vidhya

As artificial intelligence (AI) continues to evolve, so do the capabilities of Large Language Models (LLMs). These models use machine learning algorithms to understand and generate human language, making it easier for humans to interact with machines. Microsoft Research Asia has taken this technology a step further by introducing VisualGPT. This AI model incorporates Visual […] The post Microsoft Releases VisualGPT: Combines Language and Visuals appeared first on Analytics Vidhya.

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Connect, Care, Convert: Secrets to Establishing Trust with Niche Markets and Turning Them Into Clients

Speaker: Lynnette Khalfani-Cox, The Money Coach®

Niche markets represent a huge opportunity for the financial services industry in America. From college students and women to communities of color and low-to-moderate-income households, niche populations have specialized financial needs – but they often underutilize many valuable financial products and services. How can you better connect with these consumers?