“While I’ve been using Excel’s mathematical tools for years, I didn’t come to appreciate its use for learning and applying data science and machine learning until I picked up Learn Data Mining Through Excel: A Step-by-Step Approach for Understanding Machine Learning Methods by Hong Zhou.
There’s a chapter that delves into the meticulous creation of deep learning models. First, you’ll create a single layer artificial neural network with less than a dozen parameters. Then you’ll expand on the concept to create a deep learning model with hidden layers.
In the last chapter, you’ll create a rudimentary natural language processing (NLP) application, using Excel to create a sentiment analysis machine learning model. You’ll use formulas to create a “bag of words” model, preprocess and tokenize hotel reviews and classify them based on the density of positive and negative keywords.”
“Today, the world’s first decentralized AI robotic dog has been unveiled at CES 2021 by KODA Inc. Designed to offer both emotional companionship and practical, physical support, KODA, Inc.’s DAI robotic dog “is the perfect combination of function and performance,” as CEO of KODA, Inc., Emma Russell puts it.
Decentralized AI essentially equips the built-in software with the ability to solve the reasoning, planning, learning, and decision-making problems that centralized artificial intelligence does not compute.”
“The question is, how should companies focus their resources in 2021 to prepare for this changed reality and the new technologies on the horizon? Here are three trends that I predict will see massive attention in 2021 and beyond.
AI must become practical
Solutions become more autonomous with deep learning
Promise of curing future pandemics will accelerate research in quantum computing”
“Mastercard’s Spending Pulse data for holiday 2020 found that while department stores’ overall sales fell 10.2 percent during the season, their eCommerce sales only rose 3.3 percent.
Amazon enjoyed a 14.3 percent market share for all clothing and apparel sales during 2020’s third quarter versus just 9.5 percent a year earlier. By contrast, Walmart’s share of apparel fell to 7.4 percent during the same period, down from 10.5 percent a year earlier.
37 percent of U.S. consumers surveyed interested in direct-to-consumer sales. The No. 1 reason cited — loyalty to well-known brands”
“It can help banks reduce tens of millions of dollars in losses, which will get the attention of every financial services company on the planet.
But AI, he said, can provide a lot more than that in terms of protecting FIs from risk. It can also make it possible to preserve a delightful consumer experience while layering in more efficient protections.
There is no magic secret to setting up AI, just a simple process. FIs need to develop the roadmap for the issue they are looking to take on, test, find a partner to help them if necessary, deploy, and then start again with the next objective.”