Industry News

Industry News

Data Science Topics: UBS, data quality, cloud-native, Morgan Stanley, wildlife monitoring drones, targeted marketing, retirement planning, Boeing, Google AI

Big Data, Data Analytics, Data Science in the News October 5, 2017

October 5, 2017

TRADING UP: UBS Lands Sheridan; Crane to HSBC

… Anche, another Goldman Sachs managing director within its quantitative and algorithmic trading team, moved across to Barclays as its new head of systematic market making, risk centralization and data science.
If you have a new job or promotion to report, let me know at
Robert Crane, formerly of KCG Holdings and Goldman Sachs, has joined HSBC as global head of cash execution. A spokeswoman said Crane will have a “dedicated focus to transform and enhance the electronic platforms at HSBC”. Crane left KCG in July, when US market-maker Virtu Financial completed its $1.4bn takeo…
2017-10-02 10:58:54+00:00

For AI to change business, it needs to be fueled with quality data

…There’s no doubt that AI has usurped big data as the enterprise technology industry’s favorite new buzzword. After all, it’s on Gartner’s 2017 Hype Cycle for emerging technologies, for a reason.
While progress was slow during the first few decades, AI advancement has rapidly accelerated during the last decade. Some people say AI will augment humans and maybe even make us immortal; other pessimistic individuals say AI will lead to conflict a…
2017-10-05 13:21:10+00:00

Cloud native, deployment-model transformation in financial services

…EN capabilities while also building new cloud-native services that can be leveraged by both BNY Mellon and all external clients. The unique opportunity for Eagle to plug into this platform to consume big data, leverage machine learning, contribute APIs and data strategies, and enhance reporting capabilities is truly transformative.
We recognise that as time moves forward, we will all be considered digital natives. It may still be years away, but the heightened assumptions that come with this transformation will be unavoidable, which is why we at Eagle are intent on setting expectations rather than re…
2017-10-04 00:00:00

Morgan Stanley Hones Advisers with Machine Learning

… In the past five years, consumers have grown comfortable with the targeted recommendations and personalization that machine learning brings, agreed fellow panelist Daniel Nadler, CEO of data analytics and machine learning provider Kensho Technologies.
“Jeff Bezos and Amazon figured out that they only needed a little bit of data in terms of personality and behavior to make accurate predictive suggestions around the things you want to buy,” he said.
Nadler noted one infamous incident in which an online retailer recommended to a 17-year old shopper that she might look at baby clothes based on h…
2017-09-27 17:09:36+00:00

Intel offers its AI drones to wildlife researchers

…l time and open-source data and knowledge,” said Parley for the Oceans Founder Cyrill Gutsch, in a statement. “Our vision is to create a global network of digital exploration tools which generate the big data we need to identify threats with new speed and precision, so we can act on them instantly.”…
2017-10-04 00:00:00
CloudQuant reaction: We love to see AI being used to protect and improve our environment.


…nders & financial service providers opportunities to grow more revenue, meet compliance regulations and serve more consumers with more credit options. At the core of FactorTrust is alternative credit data analytics and risk scoring solutions not available from the Big 3 bureaus. FactorTrust Alternative Credit Data and Analytics accurately predicts risk and the ability to repay near and non-prime consumer loans in real-time. The company’s solutions enable financial service companies an opportunity to uncover creditworthy prospects that are not surfacing via traditional credit sources. Headquartered in Atlant…
2017-10-03 15:43:50-04:00

RetireUpPro Offers Real-Time Income Planning

…gulatory body, it doesn’t matter. This entire platform was built to have full transparency and record every aspect of the advisor-client interaction.”
Every feature, from the visuals to the advanced data analytics, is aimed at making retirement planning understandable, accessible and personalized for the client. The goal of RetireUpPro is to put the clients on the same side of the table as the advisors so they can uncover challenges and work together in real time.
RetireUpPro’s real-time modeling software simplifies complex data and instantly illustrates a client’s most critical income risks – building a …
2017-10-03 00:00:00

Stellar Labs Raises $26.3 Million Series A Funding

… flight operations management, commercial management, and global distribution system for business aviation. Designed in Silicon Valley, Stellar brings together the most advanced technologies and data science to streamline business aviation for operators and travelers alike. For more information, visit, like us on Facebook (stellarlabsaero), follow us on Twitter (@stellaraero), or join us on LinkedIn (stellar-labs-inc-).
1 National Business Aircraft Association Business Aviation Fact Book 2014
2 FAA data 2014, Stellar analysis
3 IATA data 2014, adjusted for inflation; U.S. …
2017-10-05 00:00:00

Startup Spotlight: Pulse Labs makes it easy for voice developers to test their Alexa apps

…co-founder, Dylan Zwick created Pulse Labs, a suite of tools that allow voice developers to test their apps with users.
“Dylan and I have built our careers at the intersection of high-end computing, big data, and human-computer interaction,” Suthan said. “Voice is the most natural way humans communicate, but also the most challenging for computers to grasp today — we solve this problem.”
Before launching Pulse, Suthan spent more than five years developing technology products for Goldman Sachs. Zwick was most recently director of data science for
“We both love new technology and new i…
2017-10-05 00:21:12+00:00

FogHorn raises $30 million to provide IoT edge computing analytics

…FogHorn, which provides data analytics software for industrial and commercial Internet of Things (IoT) applications, announced today that is has secured $30 million in funding. Intel Capital and Saudi Aramco Energy Ventures co-led this round, with new investor Honeywell Ventures joining in. All previous investors also participated, including March Capital, GE, Dell, Bosch, Yokogawa, Darling Ventures, and The Hive.
“In the industrial …
2017-10-04 00:00:00
CloudQuant Comment: IoT will be bringing more quality data sets and new alternative data sets to the market. These datasets will open huge new opportunities in quantitative trading strategies.

Boeing wins seven more contracts for its growing data analytics business

…Seven more companies have joined the list of customers for data analytics services from Boeing AnalytX, bringing the total of contracts signed this year to 223.
Boeing AnalytX is part of the aircraft manufacturer’s drive to capitalize on the growing demand for after-market services ranging from maintenance to cost-saving efficiencies.
When Boeing Global Services was reorganized as a separate business unit last year, Boeing CEO Dennis Muilenburg said he was aiming to …
2017-10-04 20:08:48+00:00

Google AI has almost twice the IQ of Siri, says study

…ntelligence systems.
The paper — written by a trio of Chinese researchers, including Yong Shi, executive deputy director of the Chinese Academy of Sciences’ Research Center on Fictitious Economy and Data Science — says that in 2016 Google’s AI had an IQ of 47.28. It came out ahead of Chinese search engine Baidu (32.92) and Microsoft’s Bing (31.98) and had almost double the IQ of Siri (23.94).
Notably, none of these systems had a higher IQ than a 6-year-old (55.5), much less an 18-year-old (97), the researchers found.
But the Google and Microsoft systems have been getting smarter. In 2014 Google’s IQ sc…
2017-10-02 00:00:00
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