More than 250 years ago, the challenge of making predictions from small data weighed strongly on presbyterian minister Reverend Bayes of Tunbridge Wells, England.
Looking to the easily banal Raffles of the 18th Century England he wondered what one's chances of winning them were. If five tickets out of ten bought won, then the chances of a win were quite simply 50%. But what if one bought a single ticket and it came out the winner? Were the chances of winning the Raffle really a 100%? It sounded far too simplistic to our dear Reverend who balanced scholarly and theological interests almost all his life. Ordained like his father and a man of keen intellect he was elected to the Royal Society in 1742.
In her article, “Decoding Consciousness”, which first appeared in the souvenir of Dr. Parnekar Life Management Foundation, Singapore, Dr. Sharda Bapat, Head of AI, Healthcare at AlgoAnalytics, explores and expounds her thoughts about machine learning and “artificial consciousness”. She envisions hope that the collective intelligence can be directed towards harmony and synchronized development of human intellect,physical and psychological realities. But cautious, that the challenge is to create appropriate technologies that will restore natural equilibrium. Read the full article here
Can Text Analytics really help reduce manual overload? Let’s take a look back when we started sharing interesting links, bookmarks, etc. During the early 2000’ there were many “tagging sites” that emerged. Tagging helped in collating our searched links online rather than just in a browser and also helped share the saved links with a single tag. It was soon realized that the one word tagged for different people meant different things and thus context and meaning to that tag was required and with that relevant sub-tags became a part of the search criteria.
Diabetic Retinopathy & Machine Learning
Today nearly 415 million diabetic patients are at risk worldwide. One of the risks is the high prevalence of Diabetic Retinopathy (DR). DR is becoming the main cause of blindness among working-age population. The risk of severe vision loss can be significantly reduced by timely diagnosis and treatment. Currently, only about 60 percent of people with diabetes are stated to have yearly screenings for Diabetic Retinopathy. Between 90 percent and 95 percent of all patients with diabetes have Type 2 diabetes. Given such a disproportionately large number, this group consequently comprises a large proportion of patients with visual impairment who suffer from Diabetic Retinopathy, even though Type 1 diabetes is associated with more frequent and more severe ocular complications. With increasing industrialization and globalization, there is a concomitant increasing prevalence of diabetes that is leading to a worldwide epidemic.
Machine Learning & Retail Analytics
Analytics in Retail has moved beyond just forecasting and making simple assumptions about customers. Machine learning and Artificial Intelligence (AI) has started to provide retailers with powerful tools. These tools are just beginning to bridge the gap between marketing automation and retail management consultation.