Page 1,639«..1020..1,6381,6391,6401,641..1,6501,660..»

We Need To Make Machine Learning Sustainable. Here’s How – Forbes

As machine learning progresses at breakneck speed, its intersection with sustainability is ... [+] increasingly crucial.

Irene Unceta is a professor and director of the Esade Double Degree in Business Administration & AI For Business

As machine learning progresses at breakneck speed, its intersection with sustainability is increasingly crucial. While it is clear that machine learning models will alter our lifestyles, work environments, and interactions with the world, the question of how they will impact sustainability cannot be ignored.

To understand how machine learning can contribute to creating a better, greener, more equitable world, it is crucial to assess its impact on the three pillars of sustainability: the social, the economic, and the environmental.

The social dimension

From a social standpoint, the sustainability of machine learning depends on its potential to have a positive impact on society.

Machine learning models have shown promise in this regard, for example, by helping healthcare organizations provide more accurate medical diagnoses, conduct high-precision surgeries, or design personalized treatment plans. Similarly, systems dedicated to analyzing and predicting patterns in data can potentially transform public policy, so long as they contribute to a fairer redistribution of wealth and increased social cohesion.

However, ensuring a sustainable deployment of this technology in the social dimension requires addressing challenges related to the emergence of bias and discrimination, as well as the effects of opacity.

Machine learning models trained on biased data can perpetuate and even amplify existing inequalities, leading to unfair and discriminatory outcomes. A controversial study conducted by researchers at MIT showed, for example, that commercial facial recognition software is less accurate for people with darker skin tones, especially darker women, reinforcing historical racial and gender biases.

Moreover, large, intricate models based on complex architectures, such as those of deep learning, can be opaque and difficult to understand. This lack of transparency can have a two-fold effect. On the one hand, it can lead to mistrust and lack of adoption. On the other, it conflicts with the principle of autonomy, which refers to the basic human right to be well-informed in order to make free decisions.

To promote machine learning sustainability in the social dimension, it is essential to prioritize the development of models that can be understood and that provide insights into their decision-making process. Knowing what these systems learn, however, is only the first step. To ensure fair outcomes for all members of society, regardless of background or socioeconomic status, diverse groups must be involved in these systems design and development and their ethical principles must be made explicit. Machine learning models today might not be capable of moral thinking, as Noam Chomsky recently highlighted, but their programmers should not be exempt from this obligation.

The economic dimension

Nor should the focus be solely on the social dimension. Machine learning will only be sustainable for as long as its benefits outweigh its costs from an economic perspective, too.

Machine learning models can help reduce costs, improve efficiency, and create new business opportunities. Among other things, they can be used to optimize supply chains, automate repetitive tasks in manufacturing, and provide insights into customer behavior and market trends.

Even so, the design and deployment of machine learning can be very expensive, requiring significant investments in data, hardware, and personnel. Models require extensive resources, in terms of both hardware and manpower, to develop and maintain. This makes them less accessible to small businesses and developing economies, limiting their potential impact and perpetuating economic inequality.

Addressing these issues will require evaluating the costs and benefits carefully, considering both short- and long-term costs, and balancing the trade-offs between accuracy, scalability, and cost.

But not only that. The proliferation of this technology will also have a substantial impact on the workforce. Increasing reliance on machine learning will lead to job loss in many sectors in the coming years. Efforts must be made to create new job opportunities and to ensure that workers have the necessary skills and training to transition to these new roles.

To achieve economic sustainability in machine learning, systems should be designed to augment, rather than replace, human capabilities.

The environmental dimension

Finally, machine learning has the potential to play a significant role in mitigating the impact of human activities on the environment. Unless properly designed, however, it may turn out to be a double-edged sword.

Training and running industrial machine learning models requires significant computing resources. These include large data centers and powerful GPUs, which consume a great deal of energy, as well as the production and disposal of hardware and electronic components that contribute to greenhouse gas emissions.

In 2018, DeepMind released AlphaStar, a multi-agent reinforcement-learning-based system that produced unprecedented results playing StarCraft II. While the model itself can be run on an average desktop PC, its training required the use of 16 TPUs for each of its 600 agents, running in parallel for more than 2 weeks. This raises the question of whether and to what extent these costs are justified.

To ensure environmental sustainability we should question the pertinence of training and deploying industrial machine learning applications. Decreasing their carbon footprint will require promoting more energy-efficient hardware, such as specialized chips and low-power processors, as well as dedicating efforts to developing greener algorithms that optimize energy consumption by using less data, fewer parameters, and more efficient training methods.

Machine learning may yet contribute to building a more sustainable world, but this will require a comprehensive approach that considers the complex trade-offs of developing inclusive, equitable, cost-effective, trustworthy models that have a low technical debt and do minimal environmental harm. Promoting social, economic, and environmental sustainability in machine learning models is essential to ensure that these systems support the needs of society, while minimizing any negative consequences in the long term.

Go here to see the original:
We Need To Make Machine Learning Sustainable. Here's How - Forbes

Read More..

How data analytics and machine learning can transform your … – Supply Management

Data analytics is a powerful tool for procurement professionals to unlock value in their data but it's far from a one size fits all.

By understanding the different types, and their relevance to procurement, leaders and professionals can make informed decisions that lead to more optimised processes and better outcomes.

Data analytics can be categorised into four groups: descriptive, diagnostic, predictive and prescriptive. Descriptive and diagnostic analytics are typically more basic, while predictive and prescriptive categories are referred to as advanced because they use more sophisticated methods and uncover deeper insights.

The four categories of data analytics explained

Where does machine-learning fit in?

While there can be an overlap between advanced data analytics (ADA) and machine-learning (ML), the distinction lies in their specific use cases, the amount and complexity of the data utilised, the sophistication required and the level of human involvement versus automation involved.

Both ADA and ML can uncover insights and help make informed decisions around procurement strategy and operations by targeting processes such as demand forecasting, inventory management, and spend analysis. Some cases, involving less structured and more complex data, require cutting edge ML. For example, if a procurement team wants to analyse large volumes of supplier feedback, customer reviews, or legal contracts to identify patterns, sentiment, or risky clauses, this would require state of the art natural language processing algorithms.

ADA and ML models can overlap, but ML algorithms typically require a higher level of mathematical and statistical knowledge compared to advanced data analytics. ML can range from simple linear and logistic regression models to more complex models like decision trees, random forests and neural networks.

ADA can involve a human carefully creating a model, which is then tested for validity. In ML, a human helps train a model to understand how well it can adapt and predict new data, given business constraints. But after that, the model can theoretically re-train and re-learn from new datasets on its own, making it more autonomous and dynamic.

Its also important to stress part of the confusion between ADA and ML is related to not distinguishing between models and processes when referring to these terms. An ADA process might be obtaining insights, for instance understanding the characteristics of suspicious financial transactions based on historical data, whereas an ML process would be continuous monitoring, eg. real-time prediction of suspicious financial transactions based on historical data.

In other words, even if ADA and ML might be using the exact same mathematical model, the ML process can include the ADA process in a way that automates and optimises the tasks the ADA performs.

So where do you start when implementing procurement analytics?

Identifying the low-hanging fruit is essential, and businesses should focus on projects that provide a direct connection to value, impact multiple areas of the business, and make it easy to envision the potential of ADA and ML.

Such swift, high-ROI, holistic procurement analytics projects are feasible when expertise in data science, research, and forensic accounting are combined.

Dr Kyriakos Christodoulides is the director of Novel Intelligence.

Continued here:
How data analytics and machine learning can transform your ... - Supply Management

Read More..

Top Machine Learning Papers to Read in 2023 – KDnuggets

Machine Learning is a big field with new research coming out frequently. It is a hot field where academia and industry keep experimenting with new things to improve our daily lives.

In recent years, generative AI has been changing the world due to the application of machine learning. For example, ChatGPT and Stable Diffusion. Even with 2023 dominated by generative AI, we should be aware of many more machine learning breakthroughs.

Here are the top machine learning papers to read in 2023 so you will not miss the upcoming trends.

Singing Voice Beautifying (SVB) is a novel task in generative AI that aims to improve the amateur singing voice into a beautiful one. Its exactly the research aim of Liu et al. (2022) when they proposed a new generative model called Neural Singing Voice Beautifier (NSVB).

The NSVB is a semi-supervised learning model using a latent-mapping algorithm that acts as a pitch corrector and improves vocal tone. The work promises to improve the musical industry and is worth checking out.

Deep neural network models have become bigger than ever, and much research has been conducted to simplify the training process. Recent research by the Google team (Chen et al. (2023)) has proposed a new optimization for the Neural Network called Lion (EvoLved Sign Momentum). The method shows that the algorithm is more memory-efficient and requires a smaller learning rate than Adam. Its great research that shows many promises you should not miss.

Time series analysis is a common use case in many businesses; For example, price forecasting, anomaly detection, etc. However, there are many challenges to analyzing temporal data only based on the current data (1D data). That is why Wu et al. (2023) propose a new method called TimesNet to transform the 1D data into 2D data, which achieves great performance in the experiment. You should read the paper to understand better this new method as it would help much future time series analysis.

Currently, we are in a generative AI era where many large language models were intensively developed by companies. Mostly this kind of research would not release their model or only be commercially available. However, the Meta AI research group (Zhang et al. (2022)) tries to do the opposite by publicly releasing the Open Pre-trained Transformers (OPT) model that could be comparable with the GPT-3. The paper is a great start to understanding the OPT model and the research detail, as the group logs all the detail in the paper.

The generative model is not limited to only generating text or pictures but also tabular data. This generated data is often called synthetic data. Many models were developed to generate synthetic tabular data, but almost no model to generate relational tabular synthetic data. This is exactly the aim of Solatorio and Dupriez (2023) research; creating a model called REaLTabFormer for synthetic relational data. The experiment has shown that the result is accurately close to the existing synthetic model, which could be extended to many applications.

Reinforcement Learning conceptually is an excellent choice for the Natural Language Processing task, but is it true? This is a question that Ramamurthy et al. (2022) try to answer. The researcher introduces various library and algorithm that shows where Reinforcement Learning techniques have an edge compared to the supervised method in the NLP tasks. Its a recommended paper to read if you want an alternative for your skillset.

Text-to-image generation was big in 2022, and 2023 would be projected on text-to-video (T2V) capability. Research by Wu et al. (2022) shows how T2V can be extended on many approaches. The research proposes a new Tune-a-Video method that supports T2V tasks such as subject and object change, style transfer, attribute editing, etc. Its a great paper to read if you are interested in text-to-video research.

Efficient collaboration is the key to success on any team, especially with the increasing complexity within machine learning fields. To nurture efficiency, Peng et al. (2023) present a PyGlove library to share ML ideas easily. The PyGlove concept is to capture the process of ML research through a list of patching rules. The list can then be reused in any experiments scene, which improves the team's efficiency. Its research that tries to solve a machine learning problem that many have not done yet, so its worth reading.

ChatGPT has changed the world so much. Its safe to say that the trend would go upward from here as the public is already in favor of using ChatGPT. However, how is the ChatGPT current result compared to the Human Experts? Its exactly a question that Guo et al. (2023) try to answer. The team tried to collect data from experts and ChatGPT prompt results, which they compared. The result shows that implicit differences between ChatGPT and experts were there. The research is something that I feel would be kept asked in the future as the generative AI model would keep growing over time, so its worth reading.

2023 is a great year for machine learning research shown by the current trend, especially generative AI such as ChatGPT and Stable Diffusion. There is much promising research that I feel we should not miss because its shown promising results that might change the current standard. In this article, I have shown you 9 top ML papers to read, ranging from the generative model, time series model to workflow efficiency. I hope it helps.Cornellius Yudha Wijaya is a data science assistant manager and data writer. While working full-time at Allianz Indonesia, he loves to share Python and Data tips via social media and writing media.

Read this article:
Top Machine Learning Papers to Read in 2023 - KDnuggets

Read More..

Google introduces new machine learning add on for Google Sheets – TechiExpert.com

Spreadsheets are often used by businesses of all sizes to complete both simple and complex tasks. Machine learning technology advancements have the potential to revolutionise different industries. Spreadsheet usage is meant to be accessible to all types of users, whereas machine learning is usually perceived as being too complex to use. Google is currently attempting to shift that paradigm for its online spreadsheet application Google Sheets. Explore more about the new machine learning add on for Google Sheets right below.

The operation of Google Sheets works in these three steps given below.

Check out the benefits of simple ML or new machine learning addon in Google sheets right below.

The beta version of Simple ML for Sheets is now accessible. A team of TensorFlow developers developed the Google Sheets add-on to make machine learning available to Sheets users with no prior experience with machine learning. Pretrained machine learning models and other no-code features are primarily used to achieve this.

Predicting missing values and identifying abnormal values are the two main ML tasks that this machine learning add-on is intended to support. Nevertheless, Simple ML for Sheets can also be used for more complex use cases like developing, testing, and analyzing machine learning models. It is likely that Simple MLs Advanced Tasks will need to be used, especially for data scientists and more experienced users who want to use Simple ML to make predictions.

For installing Simple ML for Sheets, users should go to the Extensions tab, get over the Add-ons options, and get add-ons. From there, finding and installing Simple ML is a fairly simple process.

Bottom Lines

Even though Simple ML is quick and reasonably accurate, users still need to know how to set up their data and read the newly created model to be successful. This new machine learning addon is very beneficial for the users of Google sheets. Hence, explore this wonderful addon of Google sheets and enjoy the best features to grab success in your business. You can find your business operating smoothly with simple ML.

See the rest here:
Google introduces new machine learning add on for Google Sheets - TechiExpert.com

Read More..

Introduction to machine learning with python – EurekAlert

Machine Learning is one of the approach of Artificial Intelligence in which Machines become capable of drawing intelligent decisions like humans by learning from its past experiences. In classical methods of Artificial Intelligence, step by step instructions are provided to the machines to solve a problem. Machine Learning combines classical methods of Artificial Intelligence with the knowledge of past to gain human like intelligence.

The book Introduction to Machine Learning with Python has made explanation on Machine Learning with Python from basics to the advanced level so as to assist beginners in building strong foundation and develop practical understanding.

The beginners with zero or little knowledge about Machine Learning can gain insight into this subject from this book. This book explains Machine Learning concepts using real life examples implemented in Python.

The book Introduction to Machine Learning with Python present detailed practice exercises for offering a comprehensive introduction to machine learning techniques along with basics of Python. The book leverages algorithms of machine learning in a unique way of describing real life applications. Though not mandatory, some experience with subject knowledge will fasten the learning process.

About the authors:

Dr. Deepti Chopra has done PhD in the area of Natural Language Processing from Banasthali Vidyapith. Currently, she is working as Associate Professor at JIMS Rohini, Sector 5. Dr. Chopra is an author of five books and two MOOCs. Two of her books have been translated into Chinese and one has been translated into Korean. She has 2 Australian Patents and 1 Indian Patent to her credit. Dr. Chopra has several publications in various International Conferences and journals of repute. Her areas of interest include Artificial Intelligence, Natural Language Processing and Computational Linguistics. Her primary research works involve machine translation, information retrieval, and cognitive computing.

Mr. Roopal Khurana is working as Assistant General Manager at Railtel Corporation of India Ltd., IT Park, Shastri Park, Delhi. Currently, he is working in the field of Data Networking, MPLS Technology. He has done BTech in Computer Science and Engineering from GLA University, Mathura, India. He is a technology enthusiast. Previously, he has worked with companies, such as Orange and Bharti Airtel.

Keywords:

Artificial Intelligence, Computer Science and IT, Machine Learning, Deep Learning, Python Programming, Back propagation, Supervised Learning, Scikit Learn, Unsupervised Learning, Numpy, Decision Trees, Matplotlib, Support Vector Machine, pandas, Neural Network, Logistic Regression, Linear regression, Clustering, Jupyter notebook, Classification.

For more information please visit: http://bit.ly/3JDcY3R

Disclaimer: AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert system.

See the original post:
Introduction to machine learning with python - EurekAlert

Read More..

Anodot Uses Intel Hardware, Software to Improve Performance of … – I-Connect007

Using Intel hardware, Intel Integrated Performance Primitives (Intel IPP) and Intel oneAPI Data Analytics Library (oneDAL), Anodot improved the performance of its autocorrelation function (ACF) and XGBoost algorithms, significantly reducing machine learning (ML) compute time and costs associated with autonomous business monitoring and anomaly detection.

The data analytics company created a solution for its customers that identifies revenue-critical business incidents in real time through models that analyze hundreds of millions of time series metrics every minute. For the anomaly-detection platform, unlimited scalability and effective management of compute costs are needed as it grows in addition to improving upon the speed, efficiency and accuracy of model training and inferencing.

While Anodot already runs its AI platform on Intel CPUs, the team ran performance tests on the Intel Xeon Scalable processor platform in an extended collaboration. Through optimizations to ACF using Intel IPP for anomaly detection, the team recorded up to 127 times faster training performance and a 66% reduction in the overall cost of running the training algorithm in a cloud environment achieved by cutting the ACF runtime by almost 99%. Optimizations to XGBoost algorithms using oneDAL and the baseline XGBoost model for forecasting resulted in 4 times faster inferencing time, as well as enabling the service to analyze 4 times the amount of data at no additional cost for inference.1

When choosing a machine learning platform, you need to think about scale as your business grows, said Ira Cohen, chief data scientist at Anodot. So, model efficiencies and compute cost effectiveness become increasingly important. Our performance tests show the Intel software and Xeon platform provide us efficiency gains that will allow us to deliver an even higher quality of service at lower cost.

Follow this link:
Anodot Uses Intel Hardware, Software to Improve Performance of ... - I-Connect007

Read More..

New machine-learning approach identifies one molecule in a billion selectively, with graphene sensors – Phys.org

by Japan Advanced Institute of Science and Technology

Graphene's 2D nature, single molecule sensitivity, low noise, and high carrier concentration have generated a lot of interest in its application in gas sensors. However, due to its inherent non-selectivity, and huge p-doping in atmospheric air, its applications in gas sensing are often limited to controlled environments such as nitrogen, dry air, or synthetic humid air.

While humidity conditions in synthetic air could be used to achieve controlled hole doping of the graphene channel, this does not adequately mirror the situation in atmospheric air. Moreover, atmospheric air contains several gases with concentrations similar to or larger than the analytic gas. Such shortcomings of graphene-based sensors hinder selective gas detection and molecular species identification in atmospheric air, which is required for applications in environmental monitoring, and non-invasive medical diagnosis of ailments.

The research team led by Dr. Manoharan Muruganathan (formerly Senior Lecturer), and Professor Hiroshi Mizuta at the Japan Advanced Institute of Science and Technology (JAIST) employed the machine learning (ML) models trained on various gas adsorption-induced doping and scattering signals to realize both highly sensitive and selective gas sensing with a single device.

The ML models' performances are often dependent on the input features. 'The conventional graphene-based ML models are limited in their input features', says Dr. Osazuwa Gabriel Agbonlahor (formerly post-doctoral research fellow). The existing ML models only monitor the gas adsorption-induced changes in the graphene transfer characteristics or resistance/conductivity without modulating these characteristics by applying an external electric field.

Hence, they miss distinctive van der Waals (vdW) interaction between gas molecules and graphene, which is unique to individual gas molecules. Hence, unlike the conventional electronic nose (e-nose) models, we can map the external electric field modulated graphene-gas interaction, which enables more selective feature extraction for complex gas environments such as atmospheric air.

Our ML models for the identification of atmospheric gases were developed using the graphene sensor functionalized with a porous activated carbon thin film. Eight vdW complex features were used to monitor the effects of the external electric field on the graphene-gas molecule vdW interaction, and consequently mapped the evolution of the vdW bonding before, during, and after the external electric field application.

Furthermore, although the gas sensing experiments were performed under different experimental conditions e.g., gas chamber pressures, gas concentrations, ambient temperature, atmospheric relative humidity, tuning time, and tuning voltage, the developed models were shown to be robust enough to accommodate these variations in experimental conditions by not exposing the models to these parameters.

Moreover, to test the models versatility, they were trained on atmospheric environments as well as relatively inert environments that are often used in gas sensing e.g., nitrogen and dry air. Hence, a high-performance atmospheric gas "electronic nose" was achieved, distinguishing between the four different environments (ammonia in atmospheric air, acetone in atmospheric air, acetone in nitrogen, and ammonia in dry air) with 100% accuracy.

The research is published in the journal Sensors and Actuators B: Chemical.

More information: Osazuwa G. Agbonlahor et al, Machine learning identification of atmospheric gases by mapping the graphene-molecule van der waals complex bonding evolution, Sensors and Actuators B: Chemical (2023). DOI: 10.1016/j.snb.2023.133383

Provided by Japan Advanced Institute of Science and Technology

Read more:
New machine-learning approach identifies one molecule in a billion selectively, with graphene sensors - Phys.org

Read More..

Gigster Launches Artificial Intelligence Services Suite to Support Companies at Every Level of AI Readiness – Yahoo Finance

>>Gigster, the leading AI software development platform, announces three new services to help companies see rapid benefits from AI and machine learning no matter what their current level of AI maturity

AUSTIN, Texas, March 20, 2023 /PRNewswire/ -- Innovation and digital transformation firm, Gigster, today announced three new service offerings to help companies speed up their workflows and better leverage data through artificial intelligence. The new services offer specialized teams and proven development processes tailored to the clients' current business needs and level of AI maturity.

Gigster's new offerings include AI Aspire, designed for companies taking their first step into artificial intelligence. AI Infuse provides companies with off the shelf tooling and quick value realization by infusing machine learning into existing workflows. AI Evolve, for organizations already experienced with AI, helps transform businesses through customized, strategic initiatives, augmentation of existing AI teams, and fully-managed AI solutions.

"After years of gradual adoption, we're seeing an unprecedented number of companies ready to adopt AI at scale," said Gigster's VP of Product, Cory Hymel. "We want to ensure that every company can innovate through AI no matter what their current experience level."

Gigster has spent the past decade delivering artificial intelligence and machine learning solutions through its network of over 900 engineers, managers, designers and its own AI-powered development platform. Gigster's data-driven platform analyzes millions of data points to predict delays and bugs before they can affect project timelines, automatically deliver project resources to speed development time, and more quickly assemble teams perfectly matched for specific projects. Their proven processes can assemble AI development teams in less than a week and complete 94% of projects on time and within budget.

The demand for artificial intelligence services has skyrocketed in the past few months due to new solutions and pressure on organizations to improve overall productivity. AI can be used for predictive maintenance, automation of manual processes, automated data generation, pattern recognition and prediction, and more.

"Our fluid, global workforce democratizes access to technology like AI so companies can innovate at scale without needing to support large, in-house data science teams," said Hymel. "As the tech space changes rapidly and every organization works to keep up, having access to a team that is already set up and ready to innovate can be a huge differentiator."

In addition to AI Aspire, AI Infuse, and AI Evolve, Gigster recently launched their fully-managed solution for enterprise ChatGPT integrations. For more information on their new AI service offerings and to get updates on how Gigster is transforming companies through AI initiatives, visit Gigster.

For more information, please visit http://www.gigster.com or follow @trygigster on Twitter.

View original content:https://www.prnewswire.com/news-releases/gigster-launches-artificial-intelligence-services-suite-to-support-companies-at-every-level-of-ai-readiness-301776136.html

SOURCE Gigster

Read this article:
Gigster Launches Artificial Intelligence Services Suite to Support Companies at Every Level of AI Readiness - Yahoo Finance

Read More..

Machine learning and data consortium can fight identity theft: AU10TIX – Electronic Payments International

It is true that identity fraud has become a buzz word among people and experts, but not in a good way. First coined in 1964, identity theft has since turned prolific, whether it is fraudsters seeking to impersonate others in order to either open a credit card account or gangs laundering money without linking transactions to their real-life identities.

Last year, The National Fraud Intelligence Bureau reported that fraud offences increased by 17% in March 2022, reaching 936,276 compared to the year ending March 2021.

A GlobalData survey conducted in September 2022 stated identity theft came among the top three concerns shared among citizens from the UK, US, France, Germany and Poland. Identity theft, as a practice.

Nir Stern is vice president of product management at AU10TIX, a tech company providing intelligence information and the infrastructure needed to combat fraud.

In an interview with Electronic Payments International, Stern talks about how machine learning, data consortiums as well as external sources can effectively be used to combat identity fraud.

Generally speaking, in the world of financial crime and even beyond, you need to differentiate between account takeover and identity fraud.

In the case of an account takeover, as a consumer, you have an existing relationship with a financial institution, and someone is taking over that account by stealing your credentials (username, password or even one-time password).

This is usually done via social engineering or email scams. In the end, a fraudster tries to make the victim do things for them or provide them with information that they need without the victim knowing about the fraud.

With identity fraud, the purpose usually is to pretend to be another person to start a new interaction with the institution either to commit financial crimes or to accomplish other activities. One example could be money laundering to finance terrorist activity.

Because of regulations, you would need an identity with all relevant information. The methods employed would be different.

First, you need to have access to your victims personal information unless you want to create a synthetic ID.

Secondly, you must create a fake ID that is good quality enough to bypass any security measurements financial institutions have.

There are roughly three types of methods.

There is the very elementary and nave one, like trying to take a photo of the victims ID or download an ID image.

Then there are the more sophisticated fraud techniques. You could go on certain websites, pay a certain amount of money and download any type of digital document. Those should be of sufficient quality so that when you hand them to an expert, they will not notice anything suspicious.

Then you have the top quality fraud, where identity fraudsters steal or buy personal information from databases uploaded on the dark web. Then, they create high-quality, sometimes even physical IDs that are almost impossible to detect with all the information or standard methods of going through fraud. Everything will look perfectly normal because the fraudsters have accessed information through a particular type of data breach.

Those are the trickiest to detect because everything looks completely normal. And when we examine web traffic, we see the most sophisticated fraudsters use this.

So, because fraudsters are using the methods mentioned above, none of the standard ID verification measures employed by banks will be helpful, no matter how sophisticated they are.

The only way to detect it with systems like ours is first to use machine learning that has access to millions of legitimate transactions and can spot different indicators showing what counts as fraudulent activity.

Also, we have a unique system called Instinct, a concerted database where we track transactions worldwide. Through our big customers, we keep an eye on a huge amount of legitimate and fraudulent transactions. We securely store that information, avoiding any storage of sensitive data.

These steps enable us to see repetitions. Because when

these fraudsters invest a lot of time, effort, and money in coming up with a specific tactic, they will not do it just once. They will perform mass attacks.

And then we see cases where everything will look perfectly normal if you look at a single transaction. Still, our systems can detect the same face used on multiple IDs or the same ID with different faces.

The combination of sophisticated machine learning to determine indicators of fraudulent activity and using a data consortium is basically the only way to detect those attacks. Unfortunately, many organisations do not use such capabilities to prevent identity fraud, thereby risking their money.

So, the main differentiator is, first, the fact that many of our competitors and ID-proofing solutions need to provide manual reviews behind the scenes. They will capture the information or images sent over to them. But most of the analysis will be done by human beings. And, as I have mentioned, with all these sophisticated, super complex forgeries, a human being cannot identify ID fraud because the activity looks normal even when you go into detail with your examination.

Thats why first, you need to have a fully automated system based on machine learning/AI to detect those tiny indicators of forgeries that are hard to see otherwise.

Moreover, you also need the capabilities like we do with Instinct to look through a data consortium, detect synthetic fraud or mass attacks, and see whether those attacks are repetitive.

You dont bring a knife to a gunfight. That is probably the key element in fighting identity fraud. If you look at the reports that are always shared, the value of identity theft-related fraud is hundreds of millions. You see specific gangs of identity thieves making millions out of it. As a result, they invest a lot of money into acquiring new technology to commit fraud. So you need to have the equivalent of that technology to fight.

Therefore, you cannot have a solution based on human beings/agents that are supposed to detect identity fraud. It is almost impossible for them.

Next, on top of having a fully automated system, you also need to have a multi-layered approach.

That means not only searching to pinpoint fraudulent activity but also having access to data consortiums, as well as looking into external data sources to determine whether the fraudulent activity is one-off or not.

Thirdly, fraudsters adapt all the time, so you need a fully adaptable system that keeps on learning, a system with access to information not limited to your customers. If you only monitor your customer environment, when the next attack comes, they might not be prepared for it unless they have enough experience.

The other side of this discussion we should have brought up is the legitimate user experience.

If you think about these banks, they want to be secure and protected from fraud. Around 99.9% of their traffic consists of legitimate persons. In that sense, you want to ensure they have the best user experience, especially when you are a digital bank. That is your only channel; you dont have a backup physical branch.

You need to ensure you have a smoother digital user experience and make it secure and comfortable for your customers.

The key for these companies is to have the back-end systems able to detect these forgeries and the front-end solutions that help you, as a legitimate user, take the best profile photos and quickly become a customer.

When using these front-end solutions, make sure that the quality of customer images enables you, as a company, to detect ID theft and prevent fraudsters from using things like external cameras to create deep-fake photos, as well as upload images, or screenshot pictures of people or their IDs.

So all of that, combining a sophisticated front-end solution and a sophisticated back-end solution, is the direction many digital banks and financial institutions take and what traditional banks should do more as well.

When doing ID or digital verification, if you are not a small local bank but a global one willing to extend to other countries, you need companies like AU10TIX to do it for you.

We support over 200 countries and over 4,000 types of IDs. It is virtually impossible for a bank to develop a system that can manage various national ID formats while also successfully detecting forgeries.

Thats not their business. Their business is to give the best user experience, so I believe the best approach to combat fraud is for them to get expert help.

The riskiest thing about blockchain or decentralised financial transactions is that you dont have any indication of where the money goes, no way to turn it back, and no information about who is interacting with the system. So in the case of any account takeovers or social engineering acts that happen, there is nothing you can do.

There are different transaction monitoring techniques for decentralised IDs. A lot of times, these techniques make sure the money doesnt go to unknown wallets. But if its something like a fraudster opening the digital wallet and stealing the money there is very little you can do.

One of the trends we see, and were strategically investing a lot in it, is decentralised ID. It is when you issue a digital ID, which is encrypted and tokenised on your mobile device or digital wallet. That information is not shared with anyone; the signature is kept in the blockchain.

Because it is based on these standards, if you need to use the identification system, you can just share simple information or claims like am I allowed to do it? Am I over 18? Am I a citizen of a particular country?

We see a lot of hype around this technology. Because its all around self-survey identity and significantly related to data privacy, which is key to decentralised finance, the combination of the two may actually be a solution that benefits everyone. You can keep your privacy without the need to be part of the financial institution ecosystem while still making it secure in a way that guarantees only you have access to it.

Continued here:
Machine learning and data consortium can fight identity theft: AU10TIX - Electronic Payments International

Read More..

Outlook on the Deep Learning Drug Discovery and Diagnostics Global Market to 2035: by Therapeutic Areas and Key Geographical Regions – Yahoo Finance

Company Logo

Dublin, March 16, 2023 (GLOBE NEWSWIRE) -- The "Deep Learning Market in Drug Discovery and Diagnostics: Distribution by Therapeutic Areas and Key Geographical Regions: Industry Trends and Global Forecasts (2nd Edition), 2023-2035" report has been added to ResearchAndMarkets.com's offering.

This report features an extensive study of the current market landscape and the likely future potential of the deep learning solutions market within the healthcare domain. The report highlights the efforts of several stakeholders engaged in this rapidly emerging segment of the pharmaceutical industry. The report answers many key questions related to this domain.

Since the mid-twentieth century, computing devices have continually been explored for applications beyond mere calculations, to emerge as machines that possess intelligence. These targeted efforts have contributed to the introduction of artificial intelligence, the next-generation simulator that employs programmed machines possessing the ability to comprehend data and execute the instructed tasks.

The progress of artificial intelligence can be attributed to machine learning, a field of study imparting computers with the ability to think without being explicitly programmed. Deep learning is a complex machine learning algorithm that uses a neural network of interconnected nodes / neurons in a multi-layered structure, thereby enabling the interpretation of large volumes of unstructured data to generate valuable insights. The mechanism of this technique resembles the interpretation ability of human beings, making it a promising approach for big data analysis.

Owing to the distinct characteristic of deep learning algorithm to imitate human brain, it is currently being deployed in the life sciences domain, primarily for the purpose of drug discovery and diagnostics. Considering the challenges associated with drug discovery and development, such as the high attrition rate and increased financial burden, deep learning has been found to improve the overall R&D productivity and enhance diagnosis / prediction accuracy.

Story continues

Recent advancements in the deep learning domain have demonstrated its potential in other healthcare-associated segments, such as medical image analysis, molecular profiling, virtual screening and sequencing data analysis. Driven by the ongoing pace of innovation and the profound impact of implementation of such solutions, deep learning is anticipated to witness substantial growth in the foreseen future.

Key Market Insights

What is the Current Market Landscape of the Deep Learning Market Focused on Drug Discovery and Diagnostics?

Currently, more than 200 industry players are focused on providing deep learning-based services / technologies for drug discovery and diagnostic purposes. The primary focus areas of these companies include big data analysis, medical imaging, medical diagnosis and genetic / molecular data analysis.

Further, these players are engaged in offering services across a wide range of therapeutic areas. It is worth highlighting that deep learning-powered diagnostic service providers offer various diagnostic solutions, such as structured analysis reports, image interpretation and biomarker identification solutions, with input data from several compatible devices.

What is the Market Size of Deep Learning in Drug Discovery?

Lately, the industry has witnessed the development of advanced deep learning technologies / software. These technologies possess the ability to obviate the concerns associated with the conventional drug discovery process. Eventually, such technologies will aid in the reduction of financial burden associated with drug discovery.

The global deep learning market focusing on drug discovery is anticipated to grow at a CAGR of over 20% between 2023 and 2035. By 2035, the deep learning in drug discovery market for oncological disorders is expected to capture the majority share. In terms of geography, the market in North America and Europe is anticipated to grow at a relatively faster pace by 2035.

What is the Market Size of Deep Learning in Diagnostics Market?

The adoption of deep learning-powered technologies to assist medical diagnosis, as well as prevention of diseases, has increased in the recent past. The global deep learning market focusing on diagnostics is anticipated to grow at a CAGR of over 15% between 2023 and 2035. By 2035, the deep learning in diagnostics market in North America is expected to capture the majority share. In terms of therapeutic areas, the deep learning in diagnostics market for endocrine and respiratory disorders is anticipated to grow at a relatively faster pace by 2035.

Which Segment held the Largest Share in Deep Learning Market?

The study covers the revenues from deep learning technology for their potential applications in the drug discovery and diagnostics domain. As of 2022, deep learning based diagnostics held the largest share of the market, owing to the efficiency and precision of applying deep learning-powered diagnostic solutions.

Further, the deep learning in drug discovery market is anticipated to grow at a relatively higher growth rate during the given time period with several pharmaceutical companies actively collaborating with solution providers for drug design and development.

What are the Key Advantages offered by Deep Learning in Drug Discovery and Diagnostics?

The use of deep learning in drug discovery has the potential to reduce capital requirements and the failure-to-success ratio, as algorithms are better equipped to analyze large datasets. Similarly, in diagnostics domain, deep learning technology can be used to assist medical professionals in medical imaging and interpretation. This enables quick and efficient diagnosis of disease indications at an early stage.

What are the Key Drivers of Deep Learning in Drug Discovery and Diagnostics Market?

In the last decade, the healthcare industry has witnessed an inclination towards the adoption of information services and digital analytical solutions.

This can be attributed to the fact that companies have recently shifted towards high-resolution medical images and electronic health and medical records, generating large and complex data, referred to as big data. In order to analyze such large, structured and unstructured datasets, efficient tools and technology, such as deep learning, are required. Thus, these massive datasets are anticipated to be a primary driver of technological advancements in the deep learning and artificial intelligence domain.

What are the Key Trends in the Deep Learning in Drug Discovery and Diagnostics Market?

Many stakeholders have been making consolidated efforts to forge alliances with other industry / non-industry players for research, software licensing and collaborative drug / solution development purposes. It is worth highlighting that over 240 clinical studies are being conducted to evaluate the potential of deep learning in diagnostics, highlighting the continuous pace of innovation in this field.

Moreover, the field is evolving continuously, as a number of start-ups have emerged with the aim of developing deep learning technologies / software. In this context, in the past seven years, over 60 companies providing deep learning-based solutions have been established. Given the inclination towards advanced deep learning technologies and their vast applications in the healthcare segment, we believe that the deep learning market is likely to evolve at a rapid pace over the coming years.

Frequently Asked Questions

Question 1: What is deep learning? What are the major factors driving the deep learning market focused on drug discovery and diagnostics?

Answer: The paradigm shift of industry players towards digitization and challenges associated with the drug discovery process have contributed to the overall adoption of deep learning technologies for drug discovery, leading to a reduced economic load. The potential of deep learning technologies in assisting medical personnel in an early-stage diagnosis of various disorders has fueled the adoption of such technologies in the diagnostics segment.

Question 2: Which companies offer deep learning technologies / services for drug discovery and diagnostics?

Answer: Presently, more than 200 players are engaged in the deep learning domain, offering technologies / services, specifically for drug discovery and diagnostics purposes.

Question 3: How much funding has taken place in field of deep learning in drug discovery and diagnostics?

Answer: Since 2019, more than USD 15 billion has been invested in the deep learning in drug discovery and diagnostics domain across multiple funding instances. Of these, the most prominent funding types included venture capital and grants, demonstrating high start-up activity in this domain.

Question 4: How many clinical trials, based on deep learning technologies, are being conducted?

Answer: Currently, more than 420 clinical trials are being conducted tor evaluate the potential of deep learning for diagnostic purposes. Of these, 63% of the trials are active.

Question 5: What is the likely cost saving potential associated with the use of deep learning-based technologies in diagnostics?

Answer: Considering the vast potential of artificial intelligence, deep learning technologies are believed to save around 45% of the overall drug diagnostic costs.

Question 6: Which therapeutic area accounts for the largest share in the deep learning for drug discovery market?

Answer: Presently, oncological disorders capture the largest share (close to 40%) of the deep learning in drug discovery market. However, therapeutic areas, such as cardiovascular and respiratory disorders are likely to witness higher annual growth rates in the upcoming years. This can be attributed to the increasing applications of deep learning technologies across drug discovery.

Question 7: Which region is expected to witness the highest growth rate in the deep learning market for diagnostics?

Answer: The deep learning market for diagnostics in North America is likely to grow at the highest CAGR, during the period 2023- 2035.

Key Topics Covered:

1. PREFACE

2. EXECUTIVE SUMMARY

3. INTRODUCTION

4. MARKET OVERVIEW: DEEP LEARNING IN DRUG DISCOVERY4.1. Chapter Overview4.2. Deep Learning in Drug Discovery: Overall Market Landscape of Service / Technology Providers4.2.1. Analysis by Year of Establishment4.2.2. Analysis by Company Size4.2.3. Analysis by Location of Headquarters4.2.4. Analysis by Application Area4.2.5. Analysis by Focus Area4.2.6. Analysis by Therapeutic Area4.2.7. Analysis by Operational Model4.2.7.1. Analysis by Service Centric Model4.2.7.2. Analysis by Product Centric Model

5. MARKET OVERVIEW: DEEP LEARNING IN DIAGNOSTICS5.1. Chapter Overview5.2. Deep Learning in Diagnostics: Overall Market Landscape of Service / Technology Providers5.2.1. Analysis by Year of Establishment5.2.2. Analysis by Company Size5.2.3. Analysis by Location of Headquarters5.2.4. Analysis by Application Area5.2.5. Analysis by Focus Area5.2.6. Analysis by Therapeutic Area5.2.7. Analysis by Type of Offering / Solution5.2.8. Analysis by Compatible Device

6. COMPANY PROFILES6.1. Chapter Overview6.2. Aegicare6.2.1. Company Overview6.2.2. Service Portfolio6.2.3. Recent Developments and Future Outlook6.3. Aiforia Technologies6.4. Ardigen6.5. Berg6.6. Google6.7. Huawei6.8. Merative6.9. Nference6.10. Nvidia6.11. Owkin6.12. Phenomic AI6.13. Pixel AI

7. PORTER'S FIVE FORCES ANALYSIS

8. CLINICAL TRIAL ANALYSIS

9. FUNDING AND INVESTMENT ANALYSIS

10. START-UP HEALTH INDEXING

11. COMPANY VALUATION ANALYSIS11.1. Chapter Overview11.2. Company Valuation Analysis: Key Parameters11.3. Methodology11.4. Company Valuation Analysis: Publisher Proprietary Scores

12. MARKET SIZING AND OPPORTUNITY ANALYSIS: DEEP LEARNING IN DRUG DISCOVERY

13. MARKET SIZING AND OPPORTUNITY ANALYSIS: DEEP LEARNING IN DIAGNOSTICS

14. DEEP LEARNING IN HEALTHCARE: EXPERT INSIGHTS

15. CONCLUDING REMARKS

16. INTERVIEW TRANSCRIPTS

17. APPENDIX 1: TABULATED DATA

18. APPENDIX 2: LIST OF COMPANIES AND ORGANIZATIONS

For more information about this report visit https://www.researchandmarkets.com/r/wv94in

About ResearchAndMarkets.comResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Continued here:
Outlook on the Deep Learning Drug Discovery and Diagnostics Global Market to 2035: by Therapeutic Areas and Key Geographical Regions - Yahoo Finance

Read More..