In our meeting at the firm's European headquarters in London, Bloomberg CTO Shawn Edwards talks keenly about both the game-changing power of big data and his broader desire to build a data science capability that will help create innovative products for the firm's customers."I have an incredible job," says Edwards, who became Bloomberg CTO in January 2008. "I lead a relatively small group of researchers and our job is to help set the technology direction for the firm."Edwards says his team gets to build proof of concepts -- working with Bloomberg's engineering department, product organisation and sales teams -- and generates new ideas, new architectures and new models. The team also works with a broad spectrum of external partners, including academic institutions, the open-source community, and IT vendors. "When we think those ideas are good, we turn around and we socialise them," says Edwards. "And then, if we get agreement, we kind of switch hats and become the product owners. What's … [Read more...] about How machine learning and data science give Bloomberg a competitive advantage
Machine learning examples in real life
Machine learning in finance may work magic, even though there is no magic behind it (well, maybe just a little bit). Still, the success of machine learning project depends more on building efficient infrastructure, collecting suitable datasets, and applying the right algorithms.Machine learning is making significant inroads in the financial services industry. Let’s see why financial companies should care, what solutions they can implement with AI and machine learning, and how exactly they can apply this technology.DefinitionsWe can define machine learning (ML) as a subset of data science that uses statistical models to draw insights and make predictions. The chart below explains how AI, data science, and machine learning are related. For the sake of simplicity, we focus on machine learning in this post.The magic about machine learning solutions is that they learn from experience without being explicitly programmed. To put it simply, you need to … [Read more...] about Why financial companies should care about machine learning?
Video: GDPR: US companies with no physical presence in EU still need to comply GDPR is finally here, and it's here to stay. The 25th of May is not the finish line; it's really only the beginning. GDPR's impact will be felt across the board and across the world. ZDNet discussed with a wide range of experts, aiming to decipher the real-life applicability and impact of GDPR. Read also: GDPR is already a success, whether you like it or not In the first part, we looked into the reasons why most organizations are not ready to deal with GDPR, the chances of US-based organizations being scrutinized under GDPR, and the process and expectations for individuals wishing to exercise their rights under GDPR. We now continue with GDPR audits on premise and in the cloud, its impact on innovation, machine learning, and interpretable artificial intelligence, as well as how GDPR goes well across borders and organizations and into the future.Auditing data on premise and in the cloud So, … [Read more...] about GDPR in real life: Transparency, innovation, and adoption across borders and organizations
May 8, 2018 - Written By Kristijan Lucic Google had introduced “Google Lens” last year, and during its keynote at this year’s Google I/O, the company announced some new features for it, plus some other Google Lens-related news. Let’s start with the fact that Google Lens is coming to camera apps on supported devices from LG, Motorola, Xiaomi, Sony Mobile, HMD/Nokia, Transsion, TCL, OnePlus, BQ, ASUS, and the Google Pixel, of course.Now, as far as features are concerned, “Smart Text Selection” has been added. This feature will basically let you select text from an image, from a recipe, for example, or some paper that you took a picture of. After you select it, you can copy / paste it in Google Search, share to a friend, or whatever else you find fit, as you would with text selected from a digital document. The second feature Google announced is “Style Match”. If you ever wanted to find similar home decor or outfit ideas based on something … [Read more...] about Google Lens Now Works In Real Time, Gets New Features – Google I/O
“We don’t have much ground truth in biology.” According to Barbara Engelhardt, a computer scientist at Princeton University, that’s just one of the many challenges that researchers face when trying to prime traditional machine-learning methods to analyze genomic data. Techniques in artificial intelligence and machine learning are dramatically altering the landscape of biological research, but Engelhardt doesn’t think those “black box” approaches are enough to provide the insights necessary for understanding, diagnosing and treating disease. Instead, she’s been developing new statistical tools that search for expected biological patterns to map out the genome’s real but elusive “ground truth.” Quanta Magazine About Original story reprinted with permission from Quanta Magazine, an editorially independent publication of the Simons Foundation whose mission is to enhance public understanding of science by covering research … [Read more...] about Can Machine Learning Find Medical Meaning in a Mess of Genes?