Posts Under: Data-Driven Innovation

AI Spotlight: Using Machine Learning to Detect Counterfeit Goods

Pam is walking around Shanghai and sees shops that contain shoes, handbags, clothes, and jewelry that are all emblazoned with the logos of famous designers.  Upon walking inside, she notices that many of these products, while not very cheap, are still markedly cheaper than if she were to buy the exact same product in the United States.  The quality looks and feels great, so without a second thought, she purchases a handbag.  After all, this isn’t a shady stand on a roadside.  This is a seemingly legitimate store.  It isn’t until she’s back in the United States that she discovers that the Louis Vuitton handbag that she bought is a fake. This type of situation is fairly common.  There are often only subtle differences between a real and fake product that may not be detectable at first touch or first look.  Other times, people are aware that what they’re purchasing is a counterfeit good and simply don’t care.  Regard ...

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AI Spotlight: How Predictive Analytics are Reshaping Post-Hurricane Insurance Claim Response

In the past two weeks, America has seen catastrophic devastation from both Hurricane Harvey and Hurricane Irma.  As a result, thousands of Americans are struggling with all the damage incurred to their property. As homes and cars are still submerged in floodwaters, insurance companies have to find ways to quickly and effectively resolve insurance claims to provide fast relief.  To do this, some companies have been deploying predictive analytics and machine learning tools to respond to insurance claims – and there have been plenty.  Esurance is one such company. 

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Facebook Leverages Advertising to Stop the Spread of Fake News

Just like much of the content on the internet, fake news is funded largely by advertising.  Therefore, this week Facebook announced that pages that share “fake news,” or false stories masquerading as truth, will no longer be allowed to advertise on its platform.  The goal is straightforward:  to punish pages that link to stories that are marked as “false” by third-party fact-checkers from making money. 

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Google Implements Latest Steps to Combat Online Extremism

In the wake of the tragic violence in Charlottesville earlier this month, it’s even more evident that online extremism continues to pose serious threats to society. While battling extremism is an important step in preventing the spread of hate and violence around the world, there are many inherent challenges, including the sheer volume of daily posts, complexity of purpose for videos, and the need to adhere to free speech rights.  In spite of these challenges, industry has been committed to this effort for many years—we’ve highlighted some of this in the past, including industry efforts to cooperate with law enforcement, and formation of a partnership to fight terrorism.

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AI Spotlight: Stagnant Healthcare Policy has not Stopped IBM Watson from Driving Innovation in Medical Care

In our AI spotlight this week, we highlight IBM Watson Health, an element of IBM Watson’s cognitive computing system that utilizes AI and machine learning to accelerate the discovery of new medicine, facilitate personalized care plans and interpret medical tests more efficiently and accurately, among other solutions. These solutions are transformative in solving vital health challenges and essential in improving patient outcomes moving forward.  more

Big Data: A Twenty-First Century Arms Race Report Launch

The Atlantic Council and Thomson Reuters released a timely report on “Big Data: A Twenty-First Century Arms Race” on June 27, 2017, at a well-attended event at the Atlantic Council’s Washington, D.C. headquarters.  Policymakers all over the world should be aware of the powerful tools at their disposal such as World-Check to address political and economic threats.  This is something of a theme for SIIA.  Recently, for example, we wrote about how artificial intelligence (AI) can help in the anti-money laundering (AML) fight.   We have also written about how FICO’s AML tool works.  The Atlantic Council report contains many realistic policy recommendations, which policymakers from different regulatory “silos” should review.  This is another theme for SIIA.  Regulators and policymakers should engage in regular dialogue with each other.  For example, financial supervisors and privacy regulators should talk to ea ...

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Industry Collaboration Promises Substantial Progress in Battle Against Terrorism Online

The threat of terrorism is an all-hands-on-deck challenge, requiring substantial effort not only from national security and law enforcement professionals, but also from citizens and public and private entities. It is well known that terrorists have taken to online platforms in their effort to spread their messages of hate and violence. In response, social media and other online platforms have been working diligently for years to mitigate the threat of terrorism. Recently, these efforts have also enlisted the help of artificial intelligence (AI) to assist analysts in identifying and blocking terrorist propaganda. These efforts are very effective, but as the threat continues to grow, so too does the need to maximize the response. more

Google Builds on Industry-Driven Ad Standards to Improve User Experience and Content Creation

Online advertising is an increasingly important source of revenue for online content creators, who include professional journalists to web developers to bloggers and provide tremendous value to the Internet ecosystem. To remain afloat, these content creators rely on effective online advertising in order to continue to provide their service or business.

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AI Spotlight: Taxes Made Easier for Self-Employed Professionals with Intuit’s QuickBooks Self-Employed

In our artificial intelligence (AI) spotlight this week, we highlight Intuit’s QuickBooks Self-Employed application, which uses a combination of AI and machine learning to help self-employed professionals organize receipts, track expenses, and monitor quarterly taxes to ensure that on tax day, those individuals know exactly how much they will be taxed and will receive back in deductions... more

BLS Report Highlights the Need for Apprenticeships to Bridge the Skills Gap

After peaking at 10.8% during the height of the Great Recession, unemployment has steadily fallen to a new low of 4.3% percent this May, according to the most recent BLS report on the current employment situation.  In fact, in some states like Colorado and Arkansas, unemployment has hit record lows of 2.3% and 3.4% respectively... more