Connect with us

Big Data

Microsoft and corporate activism

Published

on

BOSTON — Artificial intelligence needs to eat, breathe and sleep data to be effective. By that measure, the company…

— or country — with the most data should emerge victorious. But Brad Smith, president and chief legal officer at Microsoft, said the idea that data accumulators will rule the world and the rest of us will be powerless is a pessimistic take on what’s to come.

He prefers optimism. Indeed, Smith said there are ways to keep, say, China from becoming a global data dictator. His recommendation: Create “a global standard for ethical principles and for the protection of things like privacy so that the price for global admission is adherence to a global standard.”

Such a standard could create a classic data-silo problem for countries that don’t comply. For example, China may have the world’s largest population, but if it can’t access Europe’s data or the United States’ data, it will struggle to uncover patterns on a global, rather than national, scale.

That was one of the points Smith made at HUBweek, an innovation festival in Boston. In a fireside chat with Adi Ignatius, editor in chief of Harvard Business Review, Smith made it clear that Microsoft is participating in a new kind of corporate activism that targets broad societal issues — and it’s using this newly public corporate conscience as an advocacy and marketing tool.

For example, in December, Microsoft publicly supported a giving women and men the right to take a sexual harassment claim to court rather than keep the complaint in arbitration. When North Carolina a that restricted LGBT rights, Microsoft lent its voice to the opposition. More recently, the company launched the Defending Democracy Program, which is aimed at protecting campaigns from hacking, increasing political advertising transparency and defending against disinformation.

The political thread in the examples Smith provided is hardly accidental: Customers are increasingly turning to companies to take on issues they care about because of the dysfunction in Washington, D.C., Smith argued.

“We are living in a time when there are historically low levels of trust in government,” he said. “And so, whereas in the past, people would say, ‘I care about this. I’m going to go to government.’ They are less inclined to do that.”

But jumping into corporate activism and promoting a company’s moral compass can also create wrinkles. Smith said, given the gridlock in Washington, customers are beginning to ask Microsoft to help regulate the very technology it’s developing. One HUBweek attendee raised a question that has become common at tech events: Can government officials craft policy that effectively keeps up with the rapid pace of change in the tech industry? 

Smith shot down the idea, saying that any technology company’s involvement in regulation is inappropriate and restricts progress. “I don’t think it’s viable to ask tech to slow down,” he said. “It is not only appropriate, but it is right to ask government to move faster. And it’s incumbent on those of us in the technology sector to do what we can to share information so that governments can move faster.”

Plus, he said, “it’s important to remember that, in this country and in many others, people elect those who make the laws. People do not elect companies.”

‘Moneyball’ for movies

Legendary Entertainment is using analytics to develop films. Matt Marolda, chief analytics officer for the media company, referred to this as “Moneyball for movies,” referencing the story of how data helped transform a losing baseball team.

The use of data to develop movie products isn’t , but in the past, much of the data was collected through analog methods. These days, the data that Marolda’s applied analytics team uses for analysis comes from a variety of sources — from one-on-one conversations with viewers to digital data such as search queries and Twitter conversations.

The tried-and-true method of testing a film before a live audience is also used — but with a twist. While Marolda’s team tries “to be as unintrusive as possible” during the testing process, it uses iPads to capture facial expressions and wristbands to collect heart rate and other “various signals,” he said. That kind of data is used to determine what’s working and what’s not.

“We try and identify those moments where people are confused, people are rolling their eyes, where they’re really engaged,” Marolda said.

The data can also help pin down much bigger problems such as whether the chemistry between the two leads is believable. Marolda said filmmakers often have a gut answer to human chemistry questions like the latter, but the data can provide solid evidence.

“With that kind of evidence, entire storylines are removed from movies, reshoots might happen to redirect the plot,” he said. “Those indicators are a great way to understand what the opportunities are for improvement.”

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://searchcio.techtarget.com/news/252450811/Microsoft-and-corporate-activism

Big Data

Exclusive-Toshiba’s No.2 shareholder calls for immediate resignation of board chair, 3 directors

Published

on

By Makiko Yamazaki

TOKYO (Reuters) -Toshiba Corp’s second-biggest shareholder on Sunday demanded the board chairman and three other directors immediately resign after an investigation found the company had colluded with the Japanese government to pressure foreign investors.

The letter, seen by Reuters, is from 3D Investment Partners, which owns a 7.2% stake in Toshiba. It was sent to the four on Sunday, according to people with direct knowledge of the process.

It is likely to heighten scrutiny into governance at Toshiba, a renowned industrial conglomerate in crisis sparked by Thursday’s report. The shareholder-commissioned report marked an explosive turn in a long battle between the Japanese company’s management and foreign shareholders.

In addition to 3D, these shareholders include activist investors and Harvard University’s endowment fund.

The revelations in the report “are deeply troubling and represent one of the most prominent and shocking corporate governance failures among large public companies anywhere in the world in the last decade,” the 3D letter says.

The letter, addressed to board chair Osamu Nagayama and three current audit committee members, describes Nagayama as “ultimately responsible for Toshiba’s recent governance failures, including the flawed internal investigation and the board’s determination to oppose an outside, independent investigation.”

“It is also troubling that you have been silent about the investigative report and have failed to accept responsibility for the misconduct that occurred under your oversight as chair of the board,” the letter says.

Toshiba declined to comment on the letter, telling Reuters in a statement it was “carefully reviewing the content of the investigation report and plans to announce its comments towards this investigation result after the review.”

The company was holding an emergency meeting on Sunday to discuss reassigning the candidates for three key board committees ahead of a June 25 shareholder meeting. Major shareholder advisory firms recommended against some of the candidates, including the four addressed in the 3D letter.

Four independent directors, all non-Japanese, have said in a sign of revolt that they were no longer in support of the full slate of director candidates nominated by Toshiba.

(Reporting by Makiko Yamazaki; Editing by William Mallard)

Image Credit: Reuters

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://datafloq.com/read/exclusive-toshibas-no2-shareholder-calls-immediate-resignation-board-chair-3-directors/15408

Continue Reading

Artificial Intelligence

The rising importance of Fintech innovation in the new age

Published

on

The rising importance of Fintech innovation in the new age

The rise of fintech has opened an array of opportunities for smart cities to develop and thrive. Its importance has actually increased in the age of the pandemic that calls for social distancing or contactless transactions.

The leading global payment solutions provider Visa recently indicated the increasing role of digital payments. Thanks to the expanding role of fintech, digital payments are expected to enter different smart city sectors.

Reportedly, fintech application is going to be instrumental in the transportation sector. It will come to people in different forms of contactless payments. It will also ease the process of paying for parking or hiring bikes and scooters.

More than that, whether it’s about loans, money transfer, investment, accounting and bookkeeping, airtime or fundraising. Smart cities and businesses are going to hugely rely on fintech in the coming future. 

Going ahead, we are delving into understanding the fintech situation in three smart cities. All three are important fintech hubs that the entire world looks upon.

London

In the smart city culture, London has the reputation of being the ‘fintech capital’ of the world. The number of fintech giants in the city is valued at more than $1 billion.

However, the pandemic has caused a number of businesses to shut down. At the same time, it has also catalysed the shift to digital and contactless. Businesses are now adopting new ways to support their customers.

Even in this time of crisis, London is at the foremost position of producing the next generation of fintech leaders. This is as per the Ed Lane, VP of Sales for the EMEA region at nCino, a US-based cloud banking provider. 

Remote work is becoming a necessity due to COVID-19. Hence, investments in different technologies and solutions in financial organisations and service providers are “more important than ever”. And so Lane claims that this has increased the adoption of cloud-based banking software developed by his firm. 

The UK recently introduced the Bounce Back Loan Scheme and the Coronavirus Business Interruption Loan Scheme (CBILS). This is helping Lane’s company nCino and others. They are offering a Bank Operating System to aid SMEs with effective processing of loan applications. 

Fintech companies are surviving and tapping into benefits in the COVID-19 age due to their disruptive mindset. The dot.com crash of 2001 and the financial crash of 2008 are drivers that lead them to become proactive.

Innovatively, fintech companies started offering mobile banking, online money management tools and other personalised solutions. Today, the same is enabling them to prevail during this pandemic. Besides all, partnerships have proven to be key strategies in achieving even the impossible, as experts say. 

Singapore

Singapore is showcasing a pioneering move in the fintech industry. Fintech is at the core of Singapore’s vision to become a ‘Smart Nation’ with a “Smart Financial Centre.”

To achieve the dream, the city-state has been showing constant efforts by using innovative technology. With this, it intends to pave the way for new opportunities, enhance efficiency and improve national management of financial risks.

Until 2019, Singapore was already home to over 600 fintech firms. These companies attracted more than half of the total funding for the same year. And amidst the COVID-19 pandemic, the Monetary Authority of Singapore (MAS) introduced two major support packages.

First on April 8, 2020, it announced a S$125 million COVID-19 care package for the financial and fintech sectors. This package aims at aiding the sectors in fighting the challenges from the COVID-19 health crisis. It will help in supporting workers, accelerate digitalisation, and improve operational readiness and resilience. 

Second, on May 13, 2020, MAS, the Singapore Fintech Association (SFA) and AMTD Foundation launched the MAS-SFA-AMTD Fintech Solidarity Grant. The S$6 million grant proposes to support Singapore-based fintech firms.

A specific focus is on managing cash flow, producing new sales and seeking growth strategies. At the individual level, many industry participants have launched their own initiatives to support the sector.

Hong Kong

HongKong’s fintech startup sector tells us a different story which involves the role of blockchain. Blockchain-based companies are dominating the city’s startup sector.

In 2019, enterprise DLT and crypto-assets exchanges earned rankings as the most popular sectors in Hong Kong’s fintech industry. The report comes from the Financial Services and Treasury Bureau. It confirms that blockchain startups make up 40% of the 57 Fintech firms established in the city in 2019.

As per reports, 45% of new companies are focused on developing applications for large businesses. This is the reason that enterprise blockchain firms were the most popular. Another 27% account for blockchain-related firms in Hong Kong involved in digital currency.  

The increase in the number of blockchain-based fintech startups is due to the Special Administrative Region of the People’s Republic of China. The authority introduced new policies towards blockchain tech development – making it a priority.

Blockchain is thriving in Hong Kong due to a number of reasons. The city has laid down clear regulatory guidelines for blockchain-related businesses. Many have leveraged the benefits of the QMAS program. It enables applicants to settle down in the region before having to look for employment. This has immensely encouraged several blockchain specialists to move to Hong Kong.

The city government is also entering partnerships to expand its fintech footprint in the right direction. For example, in November 2019, the government collaborated with Thailand’s officials to explore the development of Central Bank Digital Currencies (CBDCs). Blockchain is a promising technology for the fintech industry. It supports quick, secure and cost-effective transaction-related services.

More importantly, it provides transparency that other traditional technologies were not capable of. Thanks to the use of encrypted distributed ledgers. These enable real-time verification of transactions without the need for mediators such as correspondent banks.

Why Is Fintech Innovation Important For The Development Of Smart Cities?

Fintech Boosting Business And Growth Opportunities In Smart Cities

Advanced cities that are now smart cities have been using fintech for their development. With that, they are also leading the way for others to follow. Many experts confirm that innovation in fintech is a must for any city to become a ‘smart city.’

It enables easy national as well as international business. For the residents, it makes life more convenient by encouraging contactless, economical, sustainable and efficient payment-related operations. 

One important aspect that smart city development and fintech innovation has in common is their determination to cut bureaucracy. A city that manages to enable speedy and inexpensive international transfers will also enable its citizens with greater access to the global market. This is as said by Hans W. Winterhoff from KPMG in one of his articles.

Furthermore, fintech innovations of the past have demonstrated their success. Some fintech applications have simplified procedures that became unnecessarily complex over time. Traditional banking services are one of the biggest examples. 

The innovative fintech services opened doors for online shopping and easy international money transfers. Fintech is able to provide the same product or service to consumers. But that’s happening in less time, with fewer steps, and at more affordable rates.

Besides, transparency is another important factor that is allowing consumers to have faith in fintech services. With the current potential of fintech, we can now say that it is one of the essential pillars of successful smart city development. The results are already here in the age of this pandemic.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.fintechnews.org/the-rising-importance-of-fintech-innovation-in-the-new-age-2/

Continue Reading

Big Data

If you did not already know

Published

on

Familia google


In the last decade, a variety of topic models have been proposed for text engineering. However, except Probabilistic Latent Semantic Analysis (PLSA) and Latent Dirichlet Allocation (LDA), most of existing topic models are seldom applied or considered in industrial scenarios. This phenomenon is caused by the fact that there are very few convenient tools to support these topic models so far. Intimidated by the demanding expertise and labor of designing and implementing parameter inference algorithms, software engineers are prone to simply resort to PLSA/LDA, without considering whether it is proper for their problem at hand or not. In this paper, we propose a configurable topic modeling framework named Familia, in order to bridge the huge gap between academic research fruits and current industrial practice. Familia supports an important line of topic models that are widely applicable in text engineering scenarios. In order to relieve burdens of software engineers without knowledge of Bayesian networks, Familia is able to conduct automatic parameter inference for a variety of topic models. Simply through changing the data organization of Familia, software engineers are able to easily explore a broad spectrum of existing topic models or even design their own topic models, and find the one that best suits the problem at hand. With its superior extendability, Familia has a novel sampling mechanism that strikes balance between effectiveness and efficiency of parameter inference. Furthermore, Familia is essentially a big topic modeling framework that supports parallel parameter inference and distributed parameter storage. The utilities and necessity of Familia are demonstrated in real-life industrial applications. Familia would significantly enlarge software engineers’ arsenal of topic models and pave the way for utilizing highly customized topic models in real-life problems. …

Median Absolute Deviation (MAD) google


In statistics, the median absolute deviation (MAD) is a robust measure of the variability of a univariate sample of quantitative data. It can also refer to the population parameter that is estimated by the MAD calculated from a sample. Consider the data (1, 1, 2, 2, 4, 6, 9). It has a median value of 2. The absolute deviations about 2 are (1, 1, 0, 0, 2, 4, 7) which in turn have a median value of 1 (because the sorted absolute deviations are (0, 0, 1, 1, 2, 4, 7)). So the median absolute deviation for this data is 1. …

Temporal Recurrent Network (TRN) google


Most work on temporal action detection is formulated in an offline manner, in which the start and end times of actions are determined after the entire video is fully observed. However, real-time applications including surveillance and driver assistance systems require identifying actions as soon as each video frame arrives, based only on current and historical observations. In this paper, we propose a novel framework, Temporal Recurrent Networks (TRNs), to model greater temporal context of a video frame by simultaneously performing online action detection and anticipation of the immediate future. At each moment in time, our approach makes use of both accumulated historical evidence and predicted future information to better recognize the action that is currently occurring, and integrates both of these into a unified end-to-end architecture. We evaluate our approach on two popular online action detection datasets, HDD and TVSeries, as well as another widely used dataset, THUMOS’14. The results show that TRN significantly outperforms the state-of-the-art. …

CDF2PDF google


CDF2PDF is a method of PDF estimation by approximating CDF. The original idea of it was previously proposed in [1] called SIC. However, SIC requires additional hyper-parameter tunning, and no algorithms for computing higher order derivative from a trained NN are provided in [1]. CDF2PDF improves SIC by avoiding the time-consuming hyper-parameter tuning part and enabling higher order derivative computation to be done in polynomial time. Experiments of this method for one-dimensional data shows promising results. …

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://analytixon.com/2021/06/13/if-you-did-not-already-know-1421/

Continue Reading

Big Data

Predict Future Sales using XGBRegressor

Published

on



XGBRegressor |Predict Future Sales using XGBRegressor





















Learn everything about Analytics


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.analyticsvidhya.com/blog/2021/06/predict-future-sales-using-xgbregressor/

Continue Reading
Esports4 days ago

Genshin Impact Echoing Conch Locations Guide

Esports5 days ago

Here are all the milestones in Fortnite Chapter 2, season 7

Esports5 days ago

What Time Does Minecraft 1.17 Release?

Blockchain5 days ago

Doge meme Shiba Inu dog to be auctioned off as NFT

Esports5 days ago

How to Fly UFOs in Fortnite

Esports4 days ago

MLB The Show 21 Kitchen Sink 2 Pack: Base Round Revealed

Blockchain5 days ago

World Economic Forum Releases a DeFi Policy Toolkit for Fair and Executable Regulations

Aviation3 days ago

The Story Of The Boeing 777 Family

Gaming5 days ago

MUCK: How To Get The Best Weapon | Wyvern Dagger Guide

zephyrnet3 days ago

7th Global Blockchain Congress by Agora Group & TDeFi on June 21st and 22nd, 2021, Dubai.

Blockchain3 days ago

Woonkly will be the official Title Sponsor of the 7th edition Global Blockchain Congress organized by Agora Group in Dubai

Esports4 days ago

Free boxes and skins up for grabs in Brawl Stars to celebrate one-year anniversary of China release

Big Data3 days ago

.NET DEVELOPMENT

Crowdfunding2 days ago

April/May 2021 Top Campaigns

Blockchain3 days ago

Death Cross is Appearing Over Bitcoin Price Chart

Crowdfunding5 days ago

US Government Claws Back Crypto from Ransomware Scam as Feds Flex Growing Tech Muscle

Blockchain4 days ago

Bitcoin (BTC) Officially a Legal Tender in El Salvador

Crowdfunding3 days ago

US Fintech Broadridge Partners with Amazon Web Services to Expand Private Market Hub, Leveraging DLT

Blockchain2 days ago

Crypto Fund Manager Says Bitcoin ETFs to be Approved By 2022

Cleantech3 days ago

TC Energy Cancels Keystone XL Pipeline

Trending