Two months after GDPR

Posted on August 12, 2018 by decisionmanagementcommunity

More than 1,000 US news sites are unavailable in Europe, 2 months after the EU’s General Data Protection Regulation (GDPR) took effect on May 25. Websites had two years to get ready for the GDPR. But rather than comply, about a third of the 100 largest U.S. newspapers have instead chosen to block European visitors to their sites. Benedict Evans: “GDPR is such an obvious regulatory own-goal, and such a gift to Google and Facebook”

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How to Optimally Allocate “Bribe” Money

Posted on August 9, 2018 by decisionmanagementcommunity

Tallys Yunes published an Excel-based optimization model that calculates the likelihood that certain agents will perform a given action that benefits you. Link
Below are a few examples: Continue reading →

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Smart Snippets: Semantic Web Comes of Age

Posted on August 7, 2018 by decisionmanagementcommunity

On Aug. 3 Forbes published an article “The Semantic Web Comes of Age” by Kurt Cagle. “Beginning in 2017, both Google and Bing announced that they would be supporting the use of embedded smart snippets in web content. A smart snippet is a bit of JSON that uses schema.org tags to identify what a web page contains. Google would read the snippet and create a much more comprehensive record about that page than is done now for SEO searching. Smart snippets would have greater weight in search algorithms, and because such snippets could in fact be fairly complex, it would be possible to describe individual resources within these snippets in machine readable ways.”  Today, schema.org maintains nearly six hundred distinct “smart” types (e.g. Event, MedicalEntity, Organization, Person, LocalBusiness, Restaurant) in areas as diverse as CreativeWork, Book, Movie, Recipe, and much more. Link Continue reading →

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Kasparov: Can Artificial Intelligence Make Perfect Decisions?

Posted on August 2, 2018 by decisionmanagementcommunity

Can artificial intelligence make perfect decisions? Watch Chess Grandmaster Garry Kasparov discuss this hot topic in AI with FICO Chief Analytics Officer Dr. Scott Zoldi. Link

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How to use traditional scorecards and AI together

Posted on August 1, 2018 by decisionmanagementcommunity

Which works better for modeling credit risk: traditional scorecards or artificial intelligence and machine learning? Given the excitement around AI today, this question is inevitable. The fact is that traditional scorecard methods and AI bring different advantages to credit risk modeling — if you know how to use them together. FICO shares how its  new credit decisioning solution helps lenders make faster origination decisions without increasing risk. Link

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Google adds accelerated ML to the embedded devices

Posted on July 31, 2018 by decisionmanagementcommunity

MLembeddedComing this fall. Google will offer small, portable versions of its custom machine learning chips, embedded in boards or USB devices. “The Edge TPU is a small ASIC designed by Google that provides high performance ML inferencing for low-power devices. For example, it can concurrently execute multiple state-of-the-art vision models on high-res video at 30+ fps, in a power efficient manner.” Here is what Benedict Evans from Andreessen Horowitz wrote about it: “Edge ML: embeddable in points of sale, kiosks or industrial machinery of all kinds, recognizing things that previously needed a mammal brain. Coming soon to Pixel phones, I suspect (note that the newest iPhones have dedicated ML silicon).”

Posted in Human-Machine Interaction, Machine Learning, Trends | Leave a comment

Decisions require judgment

Posted on July 27, 2018 by decisionmanagementcommunity

NPR just published an article that says: “Facial recognition software sold by Amazon mistakenly identified 28 members of Congress as people who had been arrested for crimes, the American Civil Liberties Union announced on Thursday. Amazon Rekognition has been marketed as tool that provides extremely accurate facial analysis through photos and video.” Fred Simkin posted the following comment: Continue reading →

Posted in Machine Learning | 1 Comment

DecisionCAMP Registration is Open

Posted on July 27, 2018 by jacobfeldman

If you plan to attend DecisionCAMP-2018 you should register now – see the Registration page. The registration fee is EUR 150 and it includes lunches and coffee breaks on September 17, 18, and 19. We highly recommend you to attend the River Cruise Banquet on Sep. 18 for additional EUR 100. Paying 100 euros more you may also attend the collocated events RuleML+RR and GCAI. You may want to look at the DecisionCAMP Program and Presenters. You may book your hotel from here. See you in Luxembourg in September!

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The P&C insurance industry’s potential game changer

Posted on July 26, 2018 by decisionmanagementcommunity

P&CBlockchainCapgemini just published an article describing how InsurTech firms are now coming up with innovative offerings based on blockchain technology. “From homes to vehicles, property and casualty insurers handle multiple types of policies.  The process involves a lot of data entry at multiple touchpoints and coordination between different parties. Combining data from various sources and then seamlessly and securely sharing it with multiple stakeholders is a challenge for insurance firms. Blockchain technology, however, allows policyholders and insurers to digitally track and manage policies, and physical assets, and codify business rules and automate claims processing through smart contracts while providing a permanent audit trail.” Link

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The True Meaning Of Digital Transformation

Posted on July 17, 2018 by decisionmanagementcommunity

Forrester’s Research Director Martin Gill explains the true meaning of digital transformation in this podcast. “Digital transformation has come to mean so many things that it’s almost meaningless. Companies have automated call centers, digitized sales channels, and catered to mobility — but does that really count as transformation? The answer is no. Digital isn’t a channel — and transformation isn’t a project. The fundamental purpose of digital transformation is not to digitize an existing state but to reimagine an entirely different business model that habitually places technology at its core.” Link

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