Category Archives: Machine Learning

Daedalean and EASA Conclude Second Project ‘Concepts of Design Assurance for Neural Networks’ – AVweb

Kln/Zrich, May 18, 2021. Following a 10-month collaboration, EASA and Daedalean have concluded their second Innovation Partnership Contract, resulting in a 136-page report, Concepts of Design Assurance for Neural Networks (CoDANN) II. The goal of this second project was threefold: to investigate topics left out in the first project and report, to mature the concept of Learning assurance and to discuss remaining trustworthy AI building blocks from the EASA AI Roadmap. These steps pave the way to the first applications.

The first project in 2020 investigated the possible use of Machine Learning/Neural Networks in safety-critical avionics, looking in particular at the applicability of existing guidance such as Guidelines for Development of Civil Aircraft and Systems ED-79A/ARP4754A and Software Considerations in Airborne Systems and Equipment Certification ED-12C/DO-178C.

An essential finding of the previous EASA/Daedalean joint 140-page report (public version) was the identification of a W-shaped development process adapting the classical V-shaped cycle to machine learning applications:

Where the first CoDANN project showed that using neural networks in safety-critical applications is feasible, CoDANN II answers the remaining questions, reaching a conclusion on each of the following topics:

The visual traffic detection system developed by Daedalean served as a concrete use case. Like the visual landing guidance used as an example in the first project, this complex ML-based system is representative of future AI/ML products and illustrates the safety benefit such functions may bring to future airborne applications. Points of interest for future research activities, standards development and certification exercises have been identified.

EASA already used findings from both projects in drafting the first usable guidance for Level 1 machine learning applications released for public consultation in April 2021.

Working with the EASA AI Task Force was again a productive exercise, said Luuk van Dijk, CEO and founder of Daedalean. We each contributed our expertise on aviation, safety, robotics and machine learning to arrive at a result we could not have achieved without each other. The result was a 136-page report, the major part of which has been published for the benefit of the public discussion in this field.

Daedalean is building autonomous flight control software for civil aircraft of today and advanced aerial mobility of tomorrow. The Zurich, Switzerland-based company has brought together expertise from the fields of machine learning, robotics, computer vision, path planning, and aviation-grade software engineering and certification. Daedalean brings to market the first-ever machine-learning-based avionics in an onboard visual awareness system demonstrating capabilities on a path to certification for airworthiness.

The European Union Aviation Safety Agency (EASA) is the centrepiece of the European Unions strategy for aviation safety. Its mission is to promote the highest common standards of safety and environmental protection in civil aviation. The Agency develops common safety and environmental rules at the European level. It monitors the implementation of standards through inspections in the Member States and provides the necessary technical expertise, training and research. The Agency works hand in hand with the national authorities which continue to carry out many operational tasks, such as certification of individual aircraft or licensing of pilots.

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Daedalean and EASA Conclude Second Project 'Concepts of Design Assurance for Neural Networks' - AVweb

AI/Machine Learning Market 2021-2026 | Detailed Analysis of top key players with Regional Outlook in AI/Machine Learning Industry | Reports Globe KSU…

The Global AI/Machine Learning Marketreport gives CAGR value, Industry Chains, Upstream, Geography, End user, Application, Competitor analysis, SWOT Analysis, Sales, Revenue, Price, Gross Margin, Market Share, Import-Export, Trends and Forecast. The report also gives insight on entry and exit barriers of the industry.

Initially, report provides information about AI/Machine Learning Market Scenario, Development Prospect, Relevant Policy, and Trade Overview to current demand, investment, and supply in the market. It also shows future opportunities for the forecast years 2021-2027.

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The AI/Machine Learning market report covers major Manufactures like GOOGLE, IBM, BAIDU, SOUNDHOUND, ZEBRA MEDICAL VISION, PRISMA, IRIS AI, PINTEREST, TRADEMARKVISION, DESCARTES LABS, Amazon.

Report provides AI/Machine Learning market Breakdown Data by its type like TensorFlow, Caffe2, Apache MXNet as well as by Applications such as Automotive, Santific Research, Big Date, Other.

Global AI/Machine Learning Market: Regional Segments

The different section on regional segmentation gives the regional aspects of the worldwide AI/Machine Learning market. This chapter describes the regulatory structure that is likely to impact the complete market. It highlights the political landscape in the market and predicts its influence on the AI/Machine Learning market globally.

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The Study Objectives are:

Some Major Points from Table of Contents:

Chapter 1. Research Methodology & Data Sources

Chapter 2. Executive Summary

Chapter 3. AI/Machine Learning Market: Industry Analysis

Chapter 4. AI/Machine Learning Market: Product Insights

Chapter 5. AI/Machine Learning Market: Application Insights

Chapter 6. AI/Machine Learning Market: Regional Insights

Chapter 7. AI/Machine Learning Market: Competitive Landscape

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AI/Machine Learning Market 2021-2026 | Detailed Analysis of top key players with Regional Outlook in AI/Machine Learning Industry | Reports Globe KSU...

How TensorFlow Lite Fits In The TinyML Ecosystem – Analytics India Magazine

TensorFlow Lite has emerged as a popular platform for running machine learning models on the edge. A microcontroller is a tiny low-cost device to perform the specific tasks of embedded systems.

In a workshop held as part of Google I/O, TensorFlow founding member Pete Warden delved deep into the potential use cases of TensorFlow Lite for microcontrollers.

Further, quoting the definition of TinyML from a blog, he said:

Tiny machine learning is capable of performing on-device sensor data analytics at extremely low power, typically in the mW range and below, and hence enabling a variety of ways-on-use-case and targeting battery operated devices.

A Venn diagram of TinyML showcasing the composition of TinyML (Source: Google I/O)

Most machine learning applications are resource-intensive, and expensive to deploy and maintain.

According to PH Data, $65K (INR 47 lakhs) is the bare minimum amount required to deploy and maintain a model over 5 years. As you build a scalable framework to support future modeling activities, the cost might escalate to $95K (INR 70 lakhs) over five years.

On the other hand, TinyML is quite flexible and simple and requires less power.

Each hardware component (mW and below) acts independently, and the storage capacity of most machine learning models barely exceeds 30kb. Also, data can be processed on the device locally, which inevitably reduces data latency and solves the data privacy issue. Arm, Arduino, Sparkfun, adafruit, Raspberry Pi, etc are the major players in TinyML.

TensorFlow Lite, an open-source library by Google, helps in designing and running tiny machine learning (TinyML) models across a wide range of low-power hardware devices, and does not require much coding or machine learning expertise, said Warden.

Benefits of TinyML:

The TinyML process works in four simple steps gather/collect data, design and train the model, quantise the model and deploy to the microcontroller.

In a blog post, TensorFlow Lite for Microcontrollers, Google has explained some of its latest projects that combine Arduino and TensorFlow to create useful tools:

To initiate the project, you need a TF4 Micro Motion Kit pre-installed on Arduino. Once you have installed the packages and libraries on your laptop or personalised computer, look for the red, green and blue flashing LED in the middle of the board. The details of the setup are found here.

Once the setup is complete, you need to connect the device via Bluetooth; the TF4Micro motion kit communicates with this website via BLE, giving you a wireless experience. Now, tap the button on your Arduino, then wait for the red, green, and blue LED pattern to return. After this, click the connect button as shown on the website, then select TF4Micro Motion Kit from the dialogue box. You are now good to go. Similar steps need to be followed for all three experiments Air snare, FUI and tiny motion trainer.

Note: Do not hold the button down as this will clear the board.

The above experiments will help you get a hang of TensorFlow Lite on microcontrollers. You can also submit your ideas to the TensorFlow Microcontroller Challenge and win exciting cash prizes.

As part of a TensorFlow Microcontroller Challenge, Sparkfun is giving out a free TensorFlow Lite for Microcontrollers Kit. Click here to get yours.

Amit Raja Naik is a senior writer at Analytics India Magazine, where he dives deep into the latest technology innovations. He is also a professional bass player.

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How TensorFlow Lite Fits In The TinyML Ecosystem - Analytics India Magazine

AI & Machine Learning: Substance Behind the Hype? – CIO Insight

Its become inevitable in IT. Something new appears on the horizon and the hype machine ramps up to warp speed as it drafts a new term into its sales and marketing patter. In some cases, companies relabel their existing wares to align with the new term without making any actual change to the product.

Sometimes the hype is justified, often it is not. How about artificial intelligence (AI) and machine learning (ML)? Gartner believes they are over-hyped according to its recent Gartner Magic Quadrant for Data Science and Machine-Learning Platforms.

Case in point: a recent interview with a software vendor led to the confession that the AI capabilities spoken about in their brochures werent there yet. In other words, they were taking advantage of the hype to get more eyes viewing their software.

Gartner doesnt dismiss AI and ML as being without wholly substance. In fact, it goes on to name the top 20 candidates, explaining their strengths and weaknesses. These platforms are already proving valuable to data scientists and analysts in sourcing data, constructing models, analyzing data, and spotting trends. That value is translating into sales. Gartner reports heavier investment in AI during the COVID-19 pandemic. The analyst firms best advice on how to see beyond the glowing marketing promises is to tightly focus ML and AI into actual use cases that deliver tangible business value.

Read more on COVID-19s impact on IT spending patterns.

And IT has to be cognizant of how the hype may be influencing top management. CEOs and board room members are being assailed on all sides by the wonders of this or that AI platform. This may cause them to demand the replacement of existing analytics and business intelligence tools at once!

Calm heads must prevail for a number of reasons. Here are five to keep in mind.

If real value can be gained, push ahead with AI and ML investments. Gartner noted that the market generated $4 billion in 2019 and is growing at 17% per year. But not all tools are the same. Some platforms are focused on the data scientist and require highly trained personnel. A few can afford such personnel, but many cant. Other tools aim to democratize AI and ML. That may work for some organizations and not others.

Gartner listed the usual suspects as its leaders in the Magic Quadrant such as long time BI pioneers SAS, IBM Watson, and MathWorks. SAS Visual Data Mining and Machine Learning currently rules the roost, according to Gartner, with the two others not far behind.

But beware the incursion from the cloud giants Google, Microsoft, and Amazon. The latter was late to the party and is now coming on strong. There are also a lot of others competing in a crowded market. Those earning high markets from Gartner include Dataiku, Databricks, Tibco, Alteryx, DataRobot, KNIME, RapidMiner, and H2O.ai.

The question remains: Will SAS, IBM, and MathWorks be able to maintain their grip on the market? Or will they be overwhelmed by the cloud brigade? Amazon SageMaker is making a big play right now and is gaining major traction. Not to be outdone, the launch of a unified AI platform from Google is imminent.

Regardless of the hype, this market is primed for major growth in the coming years. Those who win will be those who see through the marketing blitz to direct AI and ML initiatives towards the attainment of strategic business objectives.

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AI & Machine Learning: Substance Behind the Hype? - CIO Insight

Quantcast uses machine learning and AI to take on walled garden giants in the fight for the open internet – SiliconANGLE News

Media and publishing used to be the domain of specialized companies who controlled the content. The internet broke that model, and today anyone can go online and publish a blog, a podcast, or star in their own video.

But the big tech companies want to take control, closing content into walled gardens. But thats not what the majority of publishers, big or small, want.

We get to hear the perspectives of the publishers at every scale, and they consistently tell us the same thing: They want to more directly connect to consumers; they dont want to be tied into these walled gardens which dictate how they must present their content and in some cases what content theyre allowed to present, said Dr. Peter Day (pictured, right), chief technology officer at Quantcast Corp.

Day and Shruti Koparkar (pictured, left), head of product marketing at Quantcast, spoke with John Furrier, host of theCUBE, SiliconANGLE Medias livestreaming studio, duringThe Cookie Conundrum: A Recipe for Success event. They discussed the importance of smart technology for the post-cookie future of digital marketing. (* Disclosure below.)

Quantcast has cast itself as a champion of the open internet as it sets out to find the middle ground between the ability to scale provided by walled gardens and access to individual-level user data. Urgency for the quest is provided by Goliath company Google, which announced it will no longer be supporting third-party cookies on its Chrome browser as of January 2022.

Our approach to a world without third-party cookies is grounded in three fundamental things, Koparkar stated. First is industry standards: We think its really important to participate and to work with organizations who are defining the standards that will guide the future of advertising, Koparkar said, naming IAB Technology Laboratorys Project Rearc and Prebid as open projects Quantcast is involved with.

The companys engineering team also participates in meetings with the World Wide Web Consortium (W3C) to keep on top of what is happening with web browsers and to monitor what Google is up to with its Federated Learning of Cohorts (FLoC) project.

The second fundamental principle to Quantcasts strategy is interoperability. With multiple identity solutions from Unified ID 2.0 to FLoC already existing, and more on the way, We think it is important to build a platform that can ingest all of these signals, and so thats what weve done, Koparkar said referring to the release of Quantcasts intelligent audience platform.

Innovation is the third principle. Being able to take in multiple signals, not only IDs and cohorts, but also contextual first-party consent, time, language, geolocation and many others is increasingly important, according to Kopackar.

All of these signals can help us understand user behavior, intent and interests in absence of third-party cookies, she said.

But these signals are raw, messy, complex and ever-changing. What you need is technology like AI and machine learning to bring all of these signals together, combine them statistically, and get an understanding of user behavior, intent and interest, and then act on it, Koparkar stated. And the only way to bring them all together to obtain coherent understanding is through intelligent technologies such as machine learning, she added.

The foundation of our platform has always been machine learning from before it was cool, Day said. Many of the core team members at Quantcast have doctorate degrees in statistics and ML, which means it drives the companys decision-making.

Data is only useful if you can make sense of it, if you can organize it, and if you can take action on it, Day said. And to do that at this kind of scale its absolutely necessary to use machine learning technology.

Watch the complete video interview below, and be sure to check out more of SiliconANGLEs and theCUBEs coverage of The Cookie Conundrum: A Recipe for Success event. (* Disclosure: TheCUBE is a paid media partner for The Cookie Conundrum: A Recipe for Success event. Neither Quantcast Corp., the sponsor for theCUBEs event coverage, nor other sponsors have editorial control over content on theCUBE or SiliconANGLE.)

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Quantcast uses machine learning and AI to take on walled garden giants in the fight for the open internet - SiliconANGLE News

Machine Learning and the Future of Business: 5 Ways AI Is the New Business Frontier – TechAcute

Artificial intelligence (AI) was something out of science fiction a few decades ago. Today, AI is something scientists are studying in research labs and a new tool for a wide range of businesses.

Many of us use AI systems already. For example, many of our devices use biometric authentication to allow us to log in. The power of AI is applicable throughout several industries, and its constantly evolving to deliver better technology to companies worldwide.

However, what is the true use of AI in business? In this article, well cover a few reasons why AI is the future of business and what we can expect to see over the next few years.

Aside from biometric authentication, AI has many benefits that we are moving towards in the future. Lets take a look at why AI is the future of business.

Providing a good customer experience is essential for any business to succeed. Unfortunately, humans can only do so much. However, an AI machine can chat with customers and fulfill support inquiries 24/7. Whats more, the entire process is automated. If your customers still want to speak to a human, the AI can schedule a time for a call, email, or live chat.

AI can keep your current customers happy and potentially attract new clients. Some good examples of AI customer service tools are chatbots and autoresponders.

There are numerous ways you can make your employees more productivehowever, AI adds-on to that productivity by completing tasks quickly and at any hour of the day. With a well-developed AI, you can allocate all the tedious tasks to the machines and give your living breathing employees more time to focus on things that matter the most.

An AI can handle things like responding to message requests, booking appointments, sending out reminders, tracking data (see below), and much more.

Data is the lifeblood of any company. Without tracking useful insights, a company cant know what theyre doing right or wrong. However, tracking data accurately on a large scale can be incredibly difficult. Thats where AI can come in handy. AI can track data quickly and accurately so that businesses get all the information they need whenever they need it.

With AI, companies can increase their return on investment (ROI) across all platforms, including marketing and sales. Whats more, machine learning (ML) software for data analytics isnt extremely expensive to implement.

Recruiting new employees can be daunting and time-consuming. However, its an essential task every business needs to grow. With AI, companies can streamline their recruitment processes for better efficiency.

Image: Stefan Amer / Scopio

For starters, AI can speed up the review process for new candidates. Instead of your recruiting team looking for discrepancies in candidate applications, a machine can do it much faster and with greater accuracy.

AI will not only help companies find better candidates, but it will also allow more people to apply since the recruiters can manage more applications. Whats more, AI can potentially reduce prehire costs whenever a company is seeking new talent.

Every company wants to make more money, and AI can help in several ways. Above, we mention that AI can free up employees to focus on more profitable tasks. AI can also help reduce costs and bring value to companies through a wide range of applications, such as:

By investing in the right AI, companies can expect to see an increase to their respective bottom lines relatively quickly. More profit equals more growth opportunities for the business.

Several companies are hesitant to implement AI into their processes. It seems reasonable since, from the surface, AI seems like a highly technical product that requires a team of tech wizards to get started. However, there are countless AI products on the market that are seamless and easy to set up.

If you look at all the benefits above, its easy to see how AI can help any business across any industry. Furthermore, AI is constantly evolving. So, if there isnt a use for it in your business yet, theres likely to be a solution shortly.

Photo credit: The feature image has been done by Maksim Chernyshev. The photo in the body of the article was taken by Stefan Amer.

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Machine Learning and the Future of Business: 5 Ways AI Is the New Business Frontier - TechAcute

Google Cloud Mainstreams AI With Vertex Platform – The Next Platform

For the past several years, tech giants have been trying to make artificial intelligence in its many guises HPC, data analytics, and other advanced workloads more available and easier to use for enterprises.

Traditional OEMs such as Hewlett Packard Enterprise, Dell Technologies, and Lenovo are using a combination of hardware, software, and services to make technologies that in years gone by would only be employed by research institutions and the largest of corporations more widely accessible.

The public clouds, particularly those that have their own hyperscale applications driven by machine learning and scale, also function a bit like OEMs when it comes to these workloads.

They have exposed the tools they build for their own use through their clouds, giving customers another option to be a modern computing organization. In many cases, this reduces time to market for AI-driven applications and can also reduce costs particularly huge capital outlays for buying GPU-laden infrastructure but also for high salaried AI experts who are in short supply and high demand.

The global AI space is expected to grow from $27.23 billion in 2019 to almost $267 billion by 2027, according to a report from Fortune Business Insights. While on-premises deployments will grab revenue share, the cloud deployment segment [will] gain traction owing to less implementation expenses, the report states. Also, the cloud offers tools and pre-trained networks, which makes building AI applications convenient.

Amazon Web Services the largest of the hyperscale cloud providers offers a range of services, from Fraud Detector and Forecast (for predicting demand) to Kendra (enterprise search) and CodeGuru (automating code reviews). Microsoft Azure offers an AI platform that includes services reaching from machine learning to knowledge search to various apps and agents.

IBM Cloud hosts a range of capabilities based on the companys Watson AI technology and Oracle Cloud includes an array of AI services and optimized infrastructure.

For about a decade, Google has focused on AI and machine learning, seeing such technologies as keys for advancing the capabilities throughout its ever-expanding array of services. That has been on display this week during the companys virtual Google I/O 2021 developer conference. In his keynote address, Sundar Pichar, CEO of both Google and its parent company, Alphabet, spoke about how Google continues to infuse AI and machine learning into everything from search to security to Android-based devices.

Even a new facility aimed at accelerating Googles quantum computing capabilities includes AI in its name: the Quantum AI campus in Santa Barbara, California, which will be down the road from the University of California campus where Urs Hotzle, senior vice president for technical infrastructure at Google, was a professor of computer science before joining the search engine giant as one of its earliest employees.

At the same time, Google Cloud took steps to make it easier for data scientists and developers to pull together AI-based applications and for enterprises to get those applications deployed. Vertex AI is a platform that encompasses a range of existing machine learning services with a unified user interface and API. Developers using Vertex AI can train an AI model using almost 80 percent fewer lines of code than platforms from other cloud providers, which opens up the development of such models and the management of machine learning projects to a wider range of data scientists and machine learning engineers with varying levels of skill, according to Google.

Today, data scientists grapple with the challenge of manually piecing together ML point solutions, creating a lag time in model development and experimentation, resulting in very few models making it into production, Craig Wiley, director of product for Vertex AI and AI applications at Google Cloud, wrote in a blog post. To tackle these challenges, Vertex AI brings together the Google Cloud services for building ML under one unified UI and API, to simplify the process of building, training, and deploying machine learning models at scale. In this single environment, customers can move models from experimentation to production faster, more efficiently discover patterns and anomalies, make better predictions and decisions, and generally be more agile in the face of shifting market dynamics.

Andrew Moore, vice president and general manager of cloud AI and industry solutions at Google Cloud, said the goals of Vertex AI were to remove orchestration burdens from data scientists and engineers and create an industry-wide shift that would make everyone get serious about moving AI out of pilot purgatory and into full-scale production.

Organizations using Vertex AI will get access to the same AI toolkit which includes such capabilities as computer vision, language and conversation as well as structured data Google engineers use internally for the companys own operations, as well as new MLOps features like Vertex Vizier to speed up experimentation, Vertex Feature Store (a fully managed feature where data scientists and developers can offer, share and reuse machine learning features) and Vertex Experiments to use faster model selection to accelerate the deployment of machine learning models into deployment.

An experimental application called Vertex ML Edge Manager will enable organizations to deploy and monitor models on the edge via automated processes and APIs, enabling the data to stay on the device or on site. Other tools, such as Vertex Model Monitoring, Vertex ML Metadata and Vertex Pipelines are designed to streamline machine learning workflows.

AutoML enables developers and engineers with little machine learning experience to train models targeted at specific business needs and includes a central managed registry for all datasets across vision, natural language and tabular data types, while enterprises use BigQuery ML to export datasets from Googles managed BigQuery cloud data warehouse into Vertex AI. Vertex Data Labeling enables accurate labels for data collection.

Vertex AI also integrates with such open-source frameworks as TensorFlow, PyTorch and scikit-learn.

Google is promising more innovations around Vertex AI, which will be important for the company as it tries to gain ground on AWS and Azure, who together accounted for more than half of global cloud revenues in the first quarter in a market that saw spending reach more than $39 billion, a 37 percent year-over-year increase, according to Synergy Research Group.

Google Cloud is the third on the list and was among several other companies those being Alibaba, Tencent and Baidu as cloud providers that saw growth rates that surpassed the overall growth in the market.

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Google Cloud Mainstreams AI With Vertex Platform - The Next Platform

Machine Learning In Finance Market Size Analysis With Concentrate On Key Drivers, Trends & Challenges 2021-2026 The Courier – The Courier

A new ResearchMoz research report offers 360-degree analysis of the Machine Learning In Finance Market SizeAnalysisWithConcentrate OnKey Drivers, Trends & Challenges 2021-2026 for the assessment period 20212026, where 2021 is the base year and 20212026 is assessment period. The research report carries out deep discussion on various technological advancements and historical and present trends shaping the growth of the global market. As a result, the report gives a thorough perspective on the progression of global Machine Learning In Finance market throughout the abovementioned assessment period.

Owing to the recent COVID-19 pandemic, the government bodies of major countries across the globe have concentrated toward the development of vaccine against the virus and carrying out vaccination program across the regions. Despite implementation of various stringent regulations, many countries are going through second, third, or fourth wave of the pandemic. This situation has impacted adversely on the overall economy of the world. The new research report provides all information on the impact of COVID-19 outbreak on the growth of the global Machine Learning In Finance market.

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The estimates demonstrated in the research document on Machine Learning In Finance market are the outcome of systematic primary interviews, secondary research, and in-house expert panel reviews. Through this research document, readers gain knowledge on various market dynamics such as challenges, growth avenues, restraints, drivers, and threats in the Machine Learning In Finance market. Apart from this, the study sheds light on the end-user adoption analysis, key trends, and key indicators of market.

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MACHINE LEARNING IN FINANCE Market Segment by Applications, can be divided into

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The present research report performs segmentation of all the information and statistics gathered from the global Machine Learning In Finance market. For the market segmentation, many important parameters including end-use industry, application, product type, and region are considered.

A clear idea on the competitive landscape of the global Machine Learning In Finance market can be gained by readers using this research report. Thus, they get access to a list of key market players from the various geographical regions. Apart from this, readers can gather data on latest research and development investments by key enterprises of the market.

The research document conducts study of different regions in which the global Machine Learning In Finance market shows prominent growth avenues. The regional analysis section of the report presents lucid picture on different regulatory frameworks and their impact on the Machine Learning In Finance market in different geographical regions.

Some of the key regions of the global Machine Learning In Finance market are:

North America (United States, Canada and Mexico) Europe (Germany, UK, France, Italy, Russia, Spain and Benelux) Asia Pacific (China, Japan, India, Southeast Asia and Australia) Latin America (Brazil, Argentina and Colombia) Middle East and Africa

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The study on the global Machine Learning In Finance market makes successful attempt to give dependable answers to following questions:

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Machine Learning In Finance Market Size Analysis With Concentrate On Key Drivers, Trends & Challenges 2021-2026 The Courier - The Courier

It’s all about the data: Explorium’s bet pays off in $75M Series C funding – ZDNet

Data driven analytics and machine learning predictions are key to business success, but they are being commoditized. How well they work is all about the data. This is the position startupExploriumtook a bet on in 2019, and it seems to be paying off.

After a $19M Round A in 2019 and a $31M Series B in 2020, today Explorium announced it has closed a $75M Series C funding round, led by global venture capital and private equity firm Insight Partners, with existing investors Zeev Ventures, Emerge, F2 Venture Capital, 01 Advisors and Dynamic Loop Capital also participating.

Wecovered Explorium when it first set out to conquer the world in 2019. We caught up again with co-founder and CEO Maor Shlomo to discuss progress made, and the state of external data acquisition in 2021.

Explorium is growing alongside the demand for external data in organizations. As business conditions evolved and regulations restricted access to crucial sources of information, teams went hunting outside their organizations for data to support machine learning and other mission-critical analytics.

Arecent surveyfound enterprises are hungry for external data, but they don't necessarily have a clear idea how to get it. Here are some of the key findings.

Organizations value data acquisition, but that doesn't mean they have a clear strategy. Survey respondents overwhelmingly indicated that the acquisition and onboarding of external data was important to their business.

Interestingly, less than a third of respondents actually have a strategy in place, with 26% relying on ad-hoc practices or an informal process for data acquisition. Seven percent of respondents find data acquisition so challenging, they don't do it at all.

Most organizations are increasing their data acquisition investment for 2021, and allocating significant budgets for this. In 2020, 81% of companies spent more than $100k each month on external data acquisition, and 31% spent more than $500k.

Demand for external data acquisition is growing in organizations, and it's a complicated issue. Image: Explorium

Almost half of respondents said they spend over 50 hours per month on external data acquisition. In 2021, 78% of respondents are planning to increase their budgets for external data acquisition, and only 1% do not have a budget in place at all.

Multiple vendor relationships are slowing down external data acquisition. Nearly all respondents engage with at least two data providers in their external data acquisition strategy.

Sixty-nine percent of companies engage with three or more vendors, and 7% have five or more vendor relationships. Expectedly, the more data vendors organizations engage with, the more time and money they spend on data acquisition.

Most organizations need to discover and onboard external data at scale. When asked about the types of external data the organization was purchasing, over 50% of respondents said they are purchasing three or four types of external data.

This means the efforts and costs of purchasing a single data source must be multiplied in order to fulfill their business needs. As the number of use cases, data sources, and providers evaluated for each data source grows, this increases efforts exponentially, and so organizations must find a way to make the process more scalable.

Concluding, the survey found that 77% of respondents simply don't know what to look for in data acquisition, despite considering it valuable. Nearly all respondents said that finding relevant external data, as well as deriving insights from data, is medium to high effort for their organization.

Granted, that survey was sponsored by Explorium, and it points towards a single end-to-end platform, which Explorium would very much like to be. Regardless, the need for data external to organizations seems to have legs. As Shlomo emphasized, COVID-19 has exacerbated this by showing how diversified datasets can lead to better predictions.

Explorium touts itself as the external data platform that automatically discovers thousands of relevant data signals and uses them to improve analytics and machine learning. Explorium's platform works in three stages: Data enrichment, feature engineering, and predictive modeling.

The platform acts as a data marketplace and a predictive model hub at the same time. It aggregates and provides access to an array of data sources external to organizations. When the most relevant datasets have been chosen, Explorium uses them to generate candidate features for machine learning models.

Explorium then evaluates hundreds of models on different subsets of features and sources to introduce automated feedback on the data sources and features. Eventually, Explorium converges into the best subset of features given a specific model.

Explorium's platform works in a 3-step process: Data enrichment - Feature engineering - Predictive modeling. Image: Explorium

The basic recipe has not changed, Shlomo said, because it works well. Explorium is seeing exponential growth, he went on to add. Both its team and is customer base are growing. In the last year, Explorium has doubled its customer base and more than quadrupled revenue.

Companies like BlueVine, GlassesUSA.com, Melio and PepsiCo use Explorium to enhance AI models for use cases including lead scoring, identifying default risk and fraud and upleveling analytics such as demand forecasting and customer lifetime value.

On the technical side, Explorium has progressed by expanding the breadth and depth of its offering. Recently it introducedSignal Studio, which Shlomo described as a streamlined user interface to help users who are not necessarily data scientists build their own custom data feeds.

Explorium has also builtintegrations with a number of 3rd party data vendors, such as AWS, Azure, Google Cloud, SAP and Snowflake. Shlomo referred to those as deep integrations, mentioning for example how Explorium enables Snowflake users to integrate external data without having to code.

It's all about removing friction, as per Shlomo. Explorium did not invent data marketplaces, or AutoML. But it came up with a way to bring them together and make them easy to access, and that's the road to success.

Explorium will use the funding to grow its ecosystem and offering further, and there will be more announcements soon, Shlomo concluded. The round brings Explorium's total investment to more than $127M, and it entails George Mathew, Managing Director at Insight Partners and former President & COO of Alteryx, joining Explorium's board of directors.

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It's all about the data: Explorium's bet pays off in $75M Series C funding - ZDNet

7 Best Resources To Learn MLOps In 2021 – Analytics India Magazine

MLOps, also known as DevOps for machine learning, is facing a talent crunch. GitLabs latest survey also shows that developers roles are shifting toward the operations side. Most developers are taking on test and ops tasks, especially around cloud infrastructure and security.

Further, the report found close to 38% of developers now define or create the infrastructure their app runs on, about 13% monitor and respond to that infrastructure, and 26% of developers instrument the code theyve written for production monitoring (up by 18% from last year).

Nearly 43% of the survey respondents have been doing DevOps for three to five years. Thats a sweet spot where they have known success and are well-seasoned, highlighted the report.

MLOps engineering is poised to take off in a big way. We have curated a list of top MLOps learning resources to help you get a handle on the subject.

DeepLearning.AI recently introduced a new specialised source called Machine Learning Engineering for Production (MLOps) Specialisation. The course is currently available on Coursera. Curated by tech evangelists Andrew Ng, Robert Crowe, Laurence Moroney and Cristian Bartolom Armburu, the course will help individuals become machine learning experts and enhance production engineering capabilities.

Heres an overall highlight of the course:

Click here to know more about the course.

Coauthored by Mark Treveil and the team Dataiku, this book covers the following aspects:

The platform offers a one-stop solution to discover, learn and build all things machine learning. It provides a series of lessons around machine learning and MLOps, which includes the basics of applying machine learning to building production-grade applications and products. Goku Mohandas curated the course.

The course covers various aspects of the machine learning pipeline, including data, cost, utility and trust. The courses have been created to educate the community on developing, deploying, and maintaining applications built using ML.

Computer scientist Chip Huyens blog post has summarised all the latest technologies/tools used in MLOps. The complete list is available here.

In this list, there are about 285 MLOps tools. Interestingly, out of 180 startups present in the list, 65 startups had raised funds in 2020, and a large majority of them are still in the data pipeline category. Some of the Indian MLOPs startups mentioned in the list include Playment, Dataturks, Scribble Data and Dockship.

The website offers collective resources for facilitating machine learning operations with GitHub. It gives access to use GitHub for automation, collaboration and reproducibility in machine learning workflows.

The site has blog posts explaining how to GitHub for data science and MLOps; open-source GitHub Actions tool that facilitates MLOps; documents and resources for getting started with MLOps; repository templates, examples and related projects that demonstrate various GitHub features for data science and MLOps; recorded talks, demos and tutorials and more.

The website is a collection of resources to understand MLops, starting from books, newsletters, workflow management, data engineering in MLOps (DataOps), communities, articles, feature stores, model deployment and serving, infrastructure, economics and more.

A complete list of links and resources for MLOps is available on GitHub.

Modelled on a Kubernetes SIG, the MLOps community is an open platform where machine learning enthusiasts, developers and industry professionals collaborate and discuss the best practices around machine learning operations (MLOps or DevOps for ML).

The meeting happens every Wednesday at 5 pm UK time on Zoom. The sessions are recorded and published on the website and Youtube channel.

Amit Raja Naik is a senior writer at Analytics India Magazine, where he dives deep into the latest technology innovations. He is also a professional bass player.

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7 Best Resources To Learn MLOps In 2021 - Analytics India Magazine