Algorithm-X Lab

AlgorithmXLab.com - The Business of Artificial Intelligence.

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Current AI Models Aren't Good Enough

Current AI Models Aren’t Good Enough

We sat down with Scott Zoldi Chief analytics officer at FICO to discuss responsible AI and why current AI models aren’t ‘good’ enough.

Algorithm X: With COVID-19 on every business’s agenda now, how should companies be adapting or changing their analytic models?

Scott: In general, companies should not rush to change their models, but rather understand them. How were the models built? What are the…

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Essential Enterprise AI Companies Landscape

Essential Enterprise AI Companies Landscape #AI #enterprise

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Enterprise AI companies are increasingly growing in value and relevance. Global IT spending is expected to soon reach, and surpass $3.8 trillion. Enterprise AI companies are at the heart of this growth.

This article will explain not only what enterprise AI companies are but also what they produce. We’ll also look at how enterprise AI companies are impacting in various…

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Top 50 RPA Tools - A Comprehensive Guide

Top 50 RPA Tools - A Comprehensive Guide #RPA #AI

RPA software and RPA tools play a vital role in automation.

As the drive for automation continues, RPA is increasingly becoming more advanced and useful in a range of situations.

When implemented successfully automation can optimise a business, improving productivity while cutting waste.

Robotic process automation, or RPA for short, is key to successful automation.

It is particularly useful for…

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Top 25 AI Software for the Banking Industry

Top 25 AI Software for the Banking Industry #AI #Banking

AI software is a major growth industry. Tractica predicts that by 2025 it will be worth $118.6 billion dollars.

This growth is largely being driven by the increase in the usage of cloud-based services and applications.

The rise in the connected device market, investments in 5G and the emergence of intelligent virtual assistants are also helping to fuel the growth.

In the finance and banking…

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Computer Vision Applications in 10 Industries

Computer Vision Applications in 10 Industries #computervision #AI

Computer vision, or abbreviated to CV, is an increasingly important technology in the field of artificial intelligence.

Those involved in its development believe that it has endless possibilities and a wealth of applications in a range of fields.

These include developing non-invasive health care treatments to self-driving vehicles and virtual shopping experiences.

Through the course of this…

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10 Amazing Examples Of Natural Language Processing

10 Amazing Examples Of Natural Language Processing #NLP

Natural language processing (NLP) is an increasingly becoming important technology.

This application is helping to power a number of useful, and increasingly common technologies.

From automatic translation or sentence completion to identify insurance fraud and powering chatbots, NLP is increasingly common.

Natural language processing often works alongside natural language generation.

Both are an…

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Facial Recognition: All you Need to Know

Facial Recognition: All you Need to Know #facialrecognition #AI

Facial recognition technology is an evolving application.

It is already present in smartphones and similar intelligent technology.

Increasingly efforts are developing and improving the applications.

From personalising the customer experience to optimising business performance facial recognition software has a number of exciting applications.

As well as explaining exactly what facial recognition…

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Microsoft - From Rudderless Giant to AI First

Microsoft - From Rudderless Giant to AI First #AI

Microsoft – From Rudderless Giant to AI FirstMicrosoft is one of the world’s most ubiquitous technology company. Best known for their Microsoft Windows operating systems the company also produces office suites, games, Azure, Xbox and many more. However, Microsoft is also at the forefront of developing artificial intelligence technology. As well as the potentially revolutionary Project Hanover,…

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VC Says Crazy Thoughts are a Start to AI Dream

VC Says Crazy Thoughts are a Start to AI Dream @SpirosMargaris

We sat down with Spiros Margaris, Venture Capitalist at Margaris Ventures and AI Influencer to discuss the state of VC funding of AI and Fintech startups and how crazy thoughts could be the start of an AI business.

Algorithm-X: Can you tell me about your background? 

I have spent most of my professional career in the hedge fund and startup world. I also founded my own startups in New York during…

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Data Science - 8 Powerful Applications

Data Science - 8 Powerful Applications #DataScience #AI

Data science is one of the most exciting emerging fields.

As we will see throughout the course of this article it is increasingly becoming an important part of a company’s future.

Firstly we will explain, in simple terms, how data science works and how it can be applied to unstructured data sets.

We will also look at how data science is already is widely in use.

From medical research to dynamic…

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Interview: AI Fun Begins After Data Engineering

Interview: AI Fun Begins After Data Engineering #AI @IainLJBrown

SAS announced a $1 Billion investment in AI a few months ago. We sat down with Iain Brown, Head of Data Science at SAS to discuss the challenges and opportunities of AI in enterprises.

He also discusses how ethics and good AI is ‘tricky’ and requires a carefully thought out framework in order to succeed.

Algorithm-X: Can you tell us about your background and your role?

Iain:Certainly, I have…

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RPA - 10 Powerful Examples in Enterprise

RPA - 10 Powerful Examples in Enterprise #RPA #AI

More and more enterprises are turning to a promising technology called RPA (robotic process automation) to become more productive and efficient. Successful implementation also helps to cut costs and reduce error rates.

RPA can automate mundane and predictable tasks and processes leaving employees to focus more on high-value work.

Other companies, see RPA as the next step before fully adopting…

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Will Google AI Ever Rule the World?

Will Google AI Ever Rule the World? #AI #MachineLearning

Larry Page and Sergey Brin founders of Google. Image Credit – InsiderMonkey

Internet giant Google has recently been sharpening its focus on dominating AI.

Not content with its almost monopolistic hold of internet searches, Google has a 90% market share.

The company sees AI as a way of further increasing its influence.

Already many of Google’s most popular applications, such as its voice assistant…

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IBM Watson: What you Need to Know

IBM Watson: What you Need to Know #AI #machinelearning

IBM Watson named after the first CEO of IBM Thomas J. Watson

IBM Watson, in the simplest terms, is a question-answering computer system.

It is able to answer a question posed in natural language.

While it was initially developed to play a TV quiz show, IBM has since reassessed and developed the system.

Today Watson’s systems are being used to develop AI applications, drive efficiencies in…

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DeepMind: Behind the Scenes at a Trailblazing AI Startup

DeepMind: Behind the Scenes at a Trailblazing AI Startup #AI #Startup

DeepMind founder Demis Hassabis

Since the launch of its AlphaGo program in 2016, DeepMind earned a reputation as one of the leading AI startups.

Its subsequent acquisition by Google has only helped the company to further enhance its reputation.

This partnership has benefitted Google in a number of ways.

For example, it is DeepMind developed algorithms that power the company’s Adaptive Batterymana…

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10 Use Cases of Neural Networks in Business

10 Use Cases of Neural Networks in Business #NeuralNetworks #AI

One of the key parts of cutting edge AI technology, Artificial Neural Networks (ANNs) are becoming too important and commonplace to ignore.

However, Artificial Neural Networks and the role that they play can be a difficult concept to understand.

In this article, we’ll explain exactly what Artificial Neural Network is and how they work.

To illustrate their importance we’ll also show you some…

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Sensetime - Inside the World's Biggest AI Startup

Sensetime – Inside the World’s Biggest AI Startup

Last year, the creator of the highest valuable AI startup in China was simply kidding by asking attendees of an MIT gathering to name the company that came immediately into mind upon mentioning “AI.” “Yes, it’s SenseTime,” joked Tang Xiao’ou, despite the obvious response being Google.

However, one day in the near future, such an answer might not be perceived as a joke.

“Tang told me his dream was…

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