Posts Under: Data-Driven Innovation

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

Social Media Platforms Continue to Innovate to Thwart Terrorist Propaganda

From its 1.15 billion mobile daily active users, 510,000 comments, 293,000 statuses and 136,000 photos flow through Facebook every 60 seconds. Unfortunately, some of this web traffic is driven by terrorist propaganda, as terrorist organizations increasingly look to use social media to spread their violent messages to broader-reaching audiences. For Facebook, it is impossible to comb through the vast amount of data that flows through Facebook daily in order to vet terrorist content without the help of technology. Like other social media and internet platforms, Facebook is increasingly using artificial intelligence (AI) to assist analysts in identifying and blocking terrorist propaganda.

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Catching the Bad Guys Using Artificial Intelligence

You probably have gotten a call or email from your credit card issuer asking if you made a particular transaction. Ever wonder what triggered it?  Turns out it is a form of artificial intelligence called a neural network.  Instead of creating general rules about what transactions are likely to be fraudulent, a neural network just looks at all your transactions and figures out your very own individual pattern of usage. If a new transaction is significantly out of pattern, that’s when you get the call or the email.

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Promoting the FinTech Revolution

As FinTech has expanded, so has the desire to ensure that the field remains competitive, innovative, and responsive to consumer demands. In our response questionnaire to the European Commission’s Public Consultation on FinTech, we highlight the potential of FinTech for consumers and businesses, and note where current law works to assure innovation and consumer protection. Where new measures might be needed, a harm-based approach to regulation would be optimal both from the perspective of protecting consumers and from the perspective of encouraging adoption of this technology with all of the attendant potential benefits for consumers. Instead of focusing regulation on the technology used to conduct activity, regulators should focus on the activity itself. In doing so, regulators will remain technologically neutral.

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AI Spotlight: Using Predictive Analytics, Civitas Learning Helps Improve Graduation and Retention Rates for At-Risk Students

It is no secret that the cost of postsecondary education is high. Obtaining a Bachelor’s degree can cost an individual anywhere from $80,000 to $160,000 depending on the college or university – and that’s for students who graduate in four years. Unfortunately, less than half of students graduate in four years, and two more years of education only brings graduation rates up to 60%. For those students who do not finish their program of study, they leave an institution with no verifiable skills or credentials but have incurred significant debt – leaving them in a worse position to succeed than if they had chosen not to attend college. For universities, graduation rates matter too. Prospective students rely heavily on data like four-year graduation rates and year-to-year retention rates in their decision-making and state funding and continued participation in federal student financial aid programs for institutions depend on positive graduation and retention rates.&n ...

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AI Spotlight: Thomson Reuters's Machine Learning Tool Helps Journalists Report Breaking News Faster and More Accurately

Social media channels like Twitter have been transformative in providing personalized experiences to their users in record breaking time. Users like investigative journalists and reporters have the ability to access a plethora of information and news quicker than ever. In today’s age, many breaking news stories surface and spread first on social media before hitting the press. However, given the over 500 million tweets sent each day, it can be tough for journalists and reporters to differentiate real stories from fake news or unrelated trending topics. Unfortunately, fake news websites often take advantage of social media platforms to drive web traffic in order to gain more coverage. As a result, reporting breaking news stories can often involve sifting through videos, opinions, and content that may or may not be newsworthy.

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AI Spotlight: AI2 Brings Together Human Expertise and Technological Innovation to Predict Cyberattacks with Remarkable Accuracy

WannaCry will go down as one of the biggest cyberattacks in history, affecting over 350,000 machines in 150 countries. On May 12th, the ransomware known as WannaCry spread rapidly across the Internet by abusing a vulnerability in Microsoft Window’s operating system in order to control networking between computers, allowing the malware to automatically spread across networks. In parts of England, WannaCry found its way into Britain’s National Health Service (NHS) and scrambled patient data and health records. Consequently, doctors and hospitals were forced to turn away patients and cancel appointments because they simply could not safely access personal health records without having to pay a steep bribe (from $300 to $600 to restore access). Examples like this highlight the detrimental side-effects from cyberattacks and illustrate how important strong cybersecurity can be both economically and socially. As policymakers and organizations reeled from the cyberattack, many q ...

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Alternative Data Has Proven Effective as Next-Generation Data for Mainstream Use in Credit

More than 50 million Americans don’t receive credit scores because of insufficient or nonexistent credit information. Consider what this means – nearly 15 percent of the adult population can’t get a mortgage, rent a car or use a credit card. But this barrier, which limits personal economic power and holds back our economy, is increasingly being broken-down by the use of new, alternative data sources and modeling techniques.

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