Top 9 Ways Artificial Intelligence Prevents Fraud

Rule-based engines and simple predictive models could identify the majority of fraud attempts in the past, yet they aren’t keeping up with the scale and severity of fraud attempts today. Fraud attempts and breaches are more nuanced, with organized crime and state-sponsored groups using machine learning algorithms to find new ways to defraud digital businesses. Fraud-based attacks have a completely different pattern, sequence, and structure, which make them undetectable using rules-based logic and predictive models …

Everything You Need to Know About Artificial Intelligence and Machine Learning in the Insurance Industry

The rising impact of digital technologies is well and truly providing enterprises with a huge amount of data, thus opening up various avenues to Big Data and Analytics. Analytical models can predict results, discern patterns and accentuate outliers amongst another set of business cases. By definition, insurance happens to be an industry that is predominantly built around risk & companies greatly depend on their ability to predict what risks a person, company, or organization represents. …

ArsTechnica.com – Why Google believes machine learning is its future

Google’s mission is to organize the world’s information and make it accessible and useful. Google has made a lot of progress on the first half of that mission statement—it may have access to more data than any other company on the planet. But making the information more useful will require software that understands the information in a more sophisticated way—which is exactly what machine learning technology could do. At I/O this week, Google sent a …

Implementing artificial intelligence to drive customer value

Artificial Intelligence (AI) and Machine Learning (ML) are becoming increasingly mainstream. The reason for this is because when applied in an organisational context effectively they can significantly enhance business outcomes. Utilising data and AI at a business level to drive the overall value of the customer is very different from using it at the tactical level to optimise a channel or clicks and warrants considerable upfront planning.

A call for transparency and responsibility in Artificial Intelligence – Deloitte

Media coverage of artificial intelligence tends to be either euphoric or alarming. In the first variant, AI is presented as a divine technology that will solve all our problems, from curing cancer to ending global warming. In the latter, Frankenstein- or Terminator-inspired narratives depict AI as a technology that we cannot keep under control and that will be out-smarting humans in ways we cannot foresee – killing our jobs, if not threatening the survival of …

DeepMind and Google: the battle to control artificial intelligence

ONE AFTERNOON in August 2010, in a conference hall perched on the edge of San Francisco Bay, a 34-year-old Londoner called Demis Hassabis took to the stage. Walking to the podium with the deliberate gait of a man trying to control his nerves, he pursed his lips into a brief smile and began to speak: “So today I’m going to be talking about different approaches to building…” He stalled, as though just realising that he …

Artificial Intelligence: the New Energy

As with all emerging technological trends, some elements of artificial intelligence (AI) are hyped out of proportion, some elements are ahead of their time and some even incite fear. However, there remains some truth beneath the hype, cycles and buzzwords. Advancements in AI stand to benefit the energy sector but come with own limitations and practical concerns.

The U.S. DoD wants to dominate Russia and China in Artificial Intelligence. Last week gave us a glimpse into that vision.

The first wave, which was nearly 70 years ago, emphasized handcrafted knowledge, and computer scientists constructed so-called expert systems that captured the rules that the system could then apply to situations of interest. However, handcrafting rules was costly and time-consuming. The second wave that brought in machine learning that applies statistical and probabilistic methods to large data sets to create generalized representations that can be applied to future samples. However, this required training deep learning (artificial) neural networks with …

Stanford University launches the Institute for Human-Centered Artificial Intelligence

Stanford University is launching a new institute committed to studying, guiding and developing human-centered artificial intelligence technologies and applications. The Stanford Institute for Human-Centered Artificial Intelligence (HAI) is building on a tradition of leadership in artificial intelligence at the university, as well as a focus on multidisciplinary collaboration and diversity of thought. The mission of the institute is to advance artificial intelligence (AI) research, education, policy and practice to improve the human condition.

The 20 Best Examples Of Using Artificial Intelligence For Retail Experiences

The basic retail experience hasn’t changed much over the years: go into a store, look for the right product and make a purchase. Artificial intelligence has the potential to completely transform the traditional retail experience and take it to the next level with personalization, automation and increased efficiency. ?And it’s already happening! Here are 20 of the best examples of AI to improve the retail experience.

How Artificial Intelligence Is Changing Science

No human, or team of humans, could possibly keep up with the avalanche of information produced by many of today’s physics and astronomy experiments. Some of them record terabytes of data every day — and the torrent is only increasing. The Square Kilometer Array, a radio telescope slated to switch on in the mid-2020s, will generate about as much data traffic each year as the entire internet. The deluge has many scientists turning to artificial …

INSIDE THE U.S. AND CHINA’S INCOMING ARTIFICIAL INTELLIGENCE COLD WAR

The great rivalry of the 20th century, at least from the America perspective, was between the United States and the Soviet Union. Geopolitical chroniclers see the great rivalry of the 21st century as between the U.S. and China. In the nine months between his inauguration and 9/11, President George W. Bush advanced the idea of China as America’s peer competitor. President Barack Obama executed the “pivot to Asia,” based on the argument that, while the …

The Future Now with Artificial Intelligence

Looking forward to 2019 as exciting as it can get for technology, in particular for the broader umbrella of Artificial Intelligence, with chips getting faster and cheaper than ever, and the remotest places and people getting connected to the internet. While anyone would be hardly oblivious to the term AI unless one is absolutely living in a den, we have been consuming the outcomes of AI through many applications and systems we use on a …