What is machine learning (ML)? In the simplest terms, machine learning (ML) is a subset of the broader field of artificial intelligence (AI). AI can be defined as the attempt to create machines or software systems that display human-like intelligence. Originally, most attempts to create AI systems involved the so-called
Finance reimagined: Mastering machine learning The advent of machine learning (ML) has ushered in a new era in the financial industry, prompting a significant shift from traditional methodologies to sophisticated data-driven systems. This article presents a comprehensive understanding of the crucial role machine learning plays in finance, emphasizing the necessity for
How computers add value to business: Modeling & decision-making The earliest computers performed relatively simple tasks, such as tabulating and organizing numbers and basic calculations using simple mathematics. To perform more advanced functions, computers require more advanced math. Understanding the mathematical concepts and methods that underline computing applications such as
Big data defined: IoT, three Vs, uses, role in AI Big Data has become a major buzzword in the past few years as we have collected more and more information about a wide range of objects, processes, people, and things. This is due to both the increase in available computing
AI Ethics: What are the key issues? The field of artificial intelligence has developed largely disconnected from ethical concerns. For decades, AI applications remained so limited that their impact was likewise limited, and the sole focus was on developing the technology itself. As AI has advanced and its applications have proliferated, the need for
“Trustworthy” AI – Can regulation enhance trust in the AI that businesses and people are using? As part of its “Coordinated Plan on Artificial Intelligence,” the EU has proposed a regulation that sets out harmonized rules on artificial intelligence. This addresses “the risks and problems linked to AI, without unduly constraining or hindering technological
What is the Internet of Things (IoT)? The Internet of Things (IoT) refers to the growing network of connected "smart" devices and objects – physical ''things" embedded with sensors and software that are linked to and exchange data over the Internet. These "things" range from smart lightbulbs that can be controlled by a smartphone
AI Ethics: What are its Key Principles? Developments in data analysis and machine learning (ML) have led to a dramatic increase in the use of artificial intelligence (AI) by both private and public institutions. AI is involved in many industries and activities – banking and finance, industrial manufacturing, agriculture, marketing, social media, urban planning,
