Juggling AIoT

By |2018-01-16T12:06:14-04:00January 16th, 2018|Categories: Global Market Update|Tags: , , , |

What is Artificial Intelligence of Things? Photo: Xavier Caré. Source: Wikimedia Commons. CC-BY-SA 4.0 We know what artificial intelligence is. That’s when computer algorithms can beat us at checkers or chess, or help manage freight train traffic through Chicago. And people understand the internet of things, where a smart-thermostat talks to a motion sensor at home and turns down a room’s heat if there’s nobody in there. But what is the AI of things? There are lots [...]

Looking for Risk in All the Wrong Places

By |2017-11-16T15:00:42-04:00November 15th, 2017|Categories: Global Market Update|Tags: , , , |

Can Artificial Intelligence really manage risk? Source: Wikipedia There’s a new application for Artificial Intelligence. It’s called regulatory technology, or “regtech.” It takes the rulebook of a supervisory agency, like the FDIC, and translates it into a computerized logic engine. The regulators evaluate the logical consistency of their rules, and the banks structure and label their data to be queried. This allows the regulator to look for broad patterns in the data that might not be immediately [...]

Will Robots Eat Our Jobs?

By |2017-02-10T10:16:28-04:00February 10th, 2017|Categories: Global Market Update|Tags: , , , |

“I’m sorry Dave. I’m afraid I can’t do that.” HAL 9000 Interface. Illustration Grafiker61. Source: Wikipedia That’s what the HAL 9000 computer says to Dr. David Bowman when he tells HAL to “Open the pod-bay door.” HAL had gone rogue and Bowman was in an EVA pod outside the spacecraft. And that’s what a lot of people are worried about in our current robotic revolution. Robots have replaced workers in a whole host of industries, especially in [...]