by CDO Review Staff | Aug 27, 2021 | AI, Chief Data Officer
When real-world data isn’t enough, firms are increasingly turning to synthetic data to train their AI models. This includes financial services firms training AI to detect fraud, and hospitals generating fake patient data to train algorithms making medical...
by CDO Review Staff | Jun 24, 2019 | AI, CDO Insider
A recent Pactera Technologies report titled Artificial Intelligence Localization Winners, Losers, Heroes, Spectators, and You claims that over 85% of all AI projects fail because of lack of support from upper management. Alison DeNisco Rayome filed this report in Tech...
by CDO Review Staff | Jun 24, 2019 | AI, Asset Management and Trading, Chief Data Officer
Data mining is the primary reason why US financial firms are diving deep into AI and its applications say 36% of those surveyed by Broadridge Financial Solutions. Another 20% said they used AI primarily for post-trade processing while 13% said market analytics. Here...
by CDO Review Staff | May 30, 2019 | AI, Asset Management and Trading
A Hong Kong tycoon who lost $20 million in a single day after he trusted the highly-touted abilities of an AI-powered robot hedge fund to manage his investments is now suing the Company who sold him on the idea. Samathur Li Kin-kan is suing Tyndaris Investments for...
by CDO Review Staff | Apr 8, 2019 | AI, Data Privacy & Security
AI is now powering attacks on companies and the most effective way to counter these attacks is to also employ AI to automate business threat prevention, detection, and response. Ensighten’s Ian Wolley filed this report in Information Age: Last year, 856 million...
by CDO Review Staff | Apr 2, 2019 | AI, Government
Estonia wants to clear its backlog of small claims court cases. Might an AI judge do the trick? The Eastern European country has asked its Chief Data Officer, Ott Velsberg, to bring AI into the justice system. Eric Niiler tells us more but Estonia’s AI-related legal...
