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Data scientists in the house

first_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading » Artificial intelligence and machine learning are technologies developed by computer and data scientists. Data analysts have become key members of credit union staffs. Data scientists, however, are rare and expensive, so most credit unions rent them as needed instead of hiring them.Only the largest financial institutions are investing in employing true data scientists, says Kirk Kordeleski, senior managing partner and chief strategy officer at BiG Consulting, Long Island, New York. The rest are hiring data analysts with math and computing skills to run data mining and analysis activity—but at the manager level, not the executive level, he reports. They are technology users, not inventors. “You can’t hire a math major and turn him or her into a data scientist by sending them to a two-week school. Some credit unions are trying this, but they underestimate the complexity of the activity,” he insists.Hiring true data scientists is indeed a financial stretch for most CUs, agrees Sabeh Samaha, president/CEO of Samaha & Associates, Los Angeles. As such, they need to collaborate—to push vendors and organize credit union service organizations to develop AI products—so they can compete with what the very big banks are building, he advocates.last_img read more

Muhammad Ali suffers the sting of defeat

first_imgBy Alan Baldwin RIO DE JANEIRO, Brazil (Reuters) – There was no rhyme or rhythm, no talk of bees or butterflies, only the savage sting of defeat as British flyweight Muhammad Ali lost on his Olympic debut yesterday.With cheers of ‘Ali, Ali’ echoing around the arena from a home crowd enjoying the chance to hail his late heavyweight world champion namesake, Ali was out-manoeuvred 3-0 by Venezuelan southpaw Yoel Segundo Finol.Questions about the name are well worn by now – his father is a boxing-mad taxi driver – and reporters were warned by a team official not to land any more as a distraught Ali struggled to come to terms with what had happened.The last of the heavily-fancied British boxers to fight, the 20-year-old from Bury – home town of 2004 silver medallist Amir Khan — Ali had been waiting for his moment.“I thought I’d been here too long. I was just itching to get in there,” he said, with his rival going through to the quarter-finals and one step away from a medal.“I just tried too hard and nothing was flowing.“It’s going to be heartbreaking to see them on the podium and I’m just here. I just feel like it’s the end of the world,” he said. “I was just too anxious.”Finol, 19, was given several warnings for holding and effectively manhandled Ali around the ring while falling back on his ringcraft to stay out of danger and landing scoring combinations.“Another clinch, another clinch and the referee wouldn’t say anything,” said the Briton bitterly. “A warning or something at least. He just kept doing it for the full three rounds. I just couldn’t get any rhythm going“He was just being clever, holding and hitting and moving and moving.”The Venezuelan, whose late brother-in-law Edwin Valero was a two-time WBA and WBC world champion and committed suicide in prison in 2010 after being arrested for the murder of Finol’s sister, said the tactic had worked.“He is a young boxer with great talent and also a great name,” he said of Ali.The great Muhammad Ali, who died this year, won the Olympic light-heavyweight title in 1960 as Cassius Clay.last_img read more