Machine learning-based hiring corrects a traditional process that has prioritized status over skills and background over ability. Harj Taggar Published 10:30 am CST, Friday, November 9, 2018 Photo: Yuri_Arcurs | Getty Images Photo: Yuri_Arcurs | Getty Images Image 1 of / 1 Caption Close Image 1 of 1 Photo: Yuri_Arcurs | Getty Images How Machine Learning Can Create a More Meritocratic, Less Biased Job Market 1 / 1 Back to Gallery The traditional hiring process is failing candidates, companies and recruiters. It revolves around human interpretation of complex data that is too susceptible to prejudices and mental shortcuts. Related: Artificial Intelligence Is Likely to Make a Career in Finance, Medicine or Law a Lot Less … [Read more...] about How Machine Learning Can Create a More Meritocratic, Less Biased Job Market
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The topic of machine learning-enabled artificial intelligence (AI) is gaining increasing visibility in the world of investment management. Of particular interest is the application of AI to the development of smarter robo-advisers that some hope, while others fear, will yield 'intelligent' and cost-effective investment management advice. This topic was raised by investment professionals during the recent CFA Institute travelling conference that went to Central and Eastern Europe and the Middle East. AI has also been the subject of a recent European Commission (EC) consultation document, to which CFA Institute submitted a response. What is machine learning? For the uninitiated, some quick defining of terms could be helpful. Machine learning is a technique that researchers, and now firms, have begun using to design more intelligent computer systems. The advantage of this approach is that instead of attempting to hard-code a computer with all the possible scenarios and actions a machine … [Read more...] about Machine learning, artificial intelligence and robo-advisers: The future of finance?
Sep 17, 1:38 AM EDT Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury Business By Jungwoo Ryoo 12/02/17 AT 4:10 AM You’re sitting at home minding your own business when you get a call from your credit card’s fraud detection unit asking if you’ve just made a purchase at a department store in your city. It wasn’t you who bought expensive electronics using your credit card – in fact, it’s been in your pocket all afternoon. So how did the bank know to flag this single purchase as most likely fraudulent?Credit card companies have a vested interest in identifying financial transactions that are illegitimate and criminal in nature. The stakes are high. According to the Federal Reserve Payments Study, Americans used credit cards to pay for 26.2 billion purchases in 2012. The estimated loss due to unauthorized transactions that year was US$6.1 billion. The federal Fair Credit Billing Act limits … [Read more...] about Machine Learning And Big Data Know It Wasn’t You Who Just Swiped Your Credit Card
KEY POINTS 70-one per cent of chief marketing officers around the globe say their organisation is unprepared to deal with the explosion of big data over the next few years, according to an IBM survey. They cited it as their top challenge, ahead of device fragmentation and shifting demographics. The data tidal wave shows no signs of abating. By 2015, research firm IDC predicts there will be more than 5,300 exabytes of unstructured digital consumer data stored in databases, and we expect a large share of that to be generated by social networks. For context, one exabyte equals 1 million terabytes, and Facebook’s databases ingest approximately 500 terabytes of data each day. Facebook ingests approximately 500 times more data each day than the New York Stock Exchange (NYSE). Twitter is storing at least 12 times more data each day than the NYSE. “Unstructured” big data means data that is spontaneously generated and not easily captured and classified … [Read more...] about Social Media’s New Big Data Frontiers — Artificial Intelligence, Deep Learning, And Predictive Marketing
This article is part of the series Cutting Edge View all Paid Content What's This? This content is from our sponsor. Fox Business editorial was not involved in the creation of this content. By Doug Salvemini Published April 06, 2018 Cutting Edge Deloitte Facebook Twitter Comments Print article It is becoming easier, faster, and cheaper for companies of every enterprise to implement machine learning—a data-fueled artificial intelligence technology used to detect patterns and anomalies, and make predictions. Continue Reading Below Even though industries find its capabilities appealing, most companies are not yet taking advantage of this transformative technology. As explained in “Signals for Strategists: Machine Learning and the Five Vectors of Progress,” Deloitte believes that progress in five key areas can help overcome the barriers to adoption and eventually make machine learning technology mainstream. … [Read more...] about The progression of machine learning