Investment Group Acquires Lexmark
February 15, 2017
We read with some trepidation the Kansas City Business Journal’s article, “Former Perceptive’s Parent Gets Acquired for $3.6B in Cash.” The parent company referred to here is Lexmark, which bought up one of our favorite search systems, ISYS Search, in 2012 and placed it under its Perceptive subsidiary, based in Lenexa, Kentucky. We do hope this valuable tool is not lost in the shuffle.
Reporter Dora Grote specifies:
A few months after announcing that it was exploring ‘strategic alternatives,’ Lexmark International Inc. has agreed to be acquired by a consortium of investors led by Apex Technology Co. Ltd. and PAG Asia Capital for $3.6 billion cash, or $40.50 a share. Legend Capital Management Co. Ltd. is also a member of the consortium.
Lexmark Enterprise Software in Lenexa, formerly known as Perceptive Software, is expected to ‘continue unaffected and benefit strategically and financially from the transaction’ the company wrote in a release. The Lenexa operation — which makes enterprise content management software that helps digitize paper records — dropped the Perceptive Software name for the parent’s brand in 2014. Lexmark, which acquired Perceptive for $280 million in cash in 2010, is a $3.7 billion global technology company.
If the Lexmark Enterprise Software (formerly known as Perceptive) division will be unaffected, it seems they will be the lucky ones. Grote notes that Lexmark has announced that more than a thousand jobs are to be cut amid restructuring. She also observes that the company’s buildings in Lenexa have considerable space up for rent. Lexmark CEO Paul Rooke is expected to keep his job, and headquarters should remain in Lexington, Kentucky.
Cynthia Murrell, February 15, 2017
The Pros and Cons of Human Developed Rules for Indexing Metadata
February 15, 2017
The article on Smartlogic titled The Future Is Happening Now puts forth the Semaphore platform as the technology filling the gap between NLP and AI when it comes to conversation. The article posits that in spite of the great strides in AI in the past 20 years, human speech is one area where AI still falls short. The article explains,
The reason for this, according to the article, is that “words often have meaning based on context and the appearance of the letters and words.” It’s not enough to be able to identify a concept represented by a bunch of letters strung together. There are many rules that need to be put in place that affect the meaning of the word; from its placement in a sentence, to grammar and to the words around – all of these things are important.
Advocating human developed rules for indexing is certainly interesting, and the author compares this logic to the process of raising her children to be multi-lingual. Semaphore is a model-driven, rules-based platform that allows us to auto-generate usage rules in order to expand the guidelines for a machine as it learns. The issue here is cost. Indexing large amounts of data is extremely cost-prohibitive, and that it before the maintenance of the rules even becomes part of the equation. In sum, this is a very old school approach to AI that may make many people uncomfortable.
Chelsea Kerwin, February 15, 2017
Data Mining Firm Cambridge Analytica Set to Capture Trump White House Communications Contract and Trump Organization Sales Contract
February 13, 2017
The article titled Data Firm in Talks for Role in White House Messaging — And Trump Business on The Guardian discusses the future role of Cambridge Analytica in both White House communication and the Trump Organization as well. Cambridge Analytica is a data company based out of London that boasts crucial marketing and psychological data on roughly 230 million Americans. The article points out,
Cambridge’s data could be helpful in both “driving sales and driving policy goals”, said the digital source, adding: “Cambridge is positioned to be the preferred vendor for all of that.”… The potential windfall for the company comes after the Mercers and Cambridge played key roles in Trump’s victory. Cambridge Analytica was tapped as a leading campaign data vendor as the Mercers… The Mercers reportedly pushed for the addition of a few top campaign aides, including Bannon and Kellyanne Conway, who became campaign manager.
Robert Mercer is a major investor in Cambridge Analytica as well as Breitbart News, Steve Bannon’s alt-right news organization. Steve Bannon is also on the board of Cambridge Analytica. The entanglements mount. Prior to potentially snagging these two wildly conflicting contracts, Cambridge Analytica helped Trump win the presidency with their data modeling and psychological profiling that focuses on building intimate relationships between brands and consumers to drive action.
Chelsea Kerwin, February 13, 2017
Dark Pools Demystified
February 13, 2017
Have you ever heard of dark pools? You may be hearing more about them as Bitcoin pioneer Jered Kenna and TradeZero offer digital currency dark pool trading. According to this International Business Times article, these two have created the world’s first dark pool exchange for Bitcoin. Their plan is to eventually scale to include other digital currencies. What is a dark pool? It is a private exchange to trade securities in a way where large transactions can occur without impacting the marketing. This means it can be used to avoid adverse price movements. We learned,
The Bitcoin market is less liquid than traditional FX and hence more volatile. Dark pool trading in Bitcoin would be useful to mainstream investors who may want to make large trades in Bitcoin, or use it as a currency hedge without alerting the market to their positions. Kenna, who launched the first US Bitcoin exchange in 2011, brings a wealth of experience to the table. He told IBTimes UK: “Dark pool trading certainly mitigates volatility where individuals making large trades are concerned.
Apparently, the size of the trade one would need to impact the Bitcoin market in is much smaller than what traditional traders experience. Jared Kenna appears to be projecting the future of Bitcoin, and non-traditional currencies in general, to explode. Why else would there be such a need for this kind of service? This is something we will be keeping an eye on, especially as it may come to be more interconnected with Dark Web matters.
Megan Feil, February 13, 2017
Google Battling Pirates More and More Each Year
February 10, 2017
So far, this has been a booming year for DMCA takedown requests, we learn from TorrentFreak’s article, “Google Wipes Record Breaking Half Billion Pirate Links in 2016.” The number of wiped links has been growing rapidly over the last several years, but is that good or bad news for copyright holders? That depends on whom you ask. Writer Ernesto reveals the results of TorrentFreak’s most recent analysis:
Data analyzed by TorrentFreak reveals that Google recently received its 500 millionth takedown request of 2016. The counter currently [in mid-July] displays more than 523,000,000, which is yet another record. For comparison, last year it took almost the entire year to reach the same milestone. If the numbers continue to go up at the same rate throughout the year, Google will process a billion allegedly infringing links during the whole of 2016, a staggering number.
According to Google roughly 98% of the reported URLs are indeed removed. This means that half a billion links were stripped from search results this year alone. However, according to copyright holders, this is still not enough. Entertainment industry groups such as the RIAA, BPI and MPAA have pointed out repeatedly that many files simply reappear under new URLs.
Indeed; copyright holders continue to call for Google to take stronger measures. For its part, the company insists increased link removals is evidence that its process is working quite well. They issued out an update of their report, “How Google Fights Piracy.” The two sides remain deeply divided, and will likely be at odds for some time. Ernesto tells us some copyright holders are calling for the government to step in. That could be interesting.
Cynthia Murrell, February 10, 2017
Dark Web Drug Sales Show No Signs of Slowing
February 10, 2017
Business is apparently booming for Dark Web drug sales. Business Insider published an article that reports on this news: An in-depth new study shows that the online market for illegal drugs is skyrocketing. The study conducted by RAND Europe found the number of transactions on illegal drug sites has tripled since 2013, and revenues have almost doubled. Apparently, most of the shipping routes are within North America. The article tells us,
Elsewhere in the study, researchers found that wholesale transactions (which it categorised as sales worth over $1,000 [£770]) generated a quarter of total revenue for drug marketplaces. That figure was unchanged between 2013 and 2016, though. Cannabis was the most popular drug globally, making up 33% of drug marketplace transactions. But the report looked at sales to Holland specifically and found that it only made up 17% of transactions there. That’s likely because the sale of cannabis is legal in the country through licensed venues, reducing the need for people to use illegal online stores.
The year 2013 carries meaning because it was in fall 2013 that the Silk Road was shut down. This study suggests its closure did not eliminate Dark Web drug sales. As the article alludes to, as cannabis laws may or may not change in the United States, it will be interesting to see how this affects Dark web use and marketplace sales.
Megan Feil, February 10, 2017
IBM on Cognitive Computing Safari in South Africa
February 9, 2017
The article on ZDNet titled IBM to Use AI to Tame Big Data in Its Second African Research Lab discusses the 12th global research unit IBM has opened. This one is positioned in South Africa for data analytics and cognitive computing as applied to healthcare and urban development. Dr. Solomon Assefa, IBM’s Director of Research for Africa, mentions in the article that the lab was opened in only 18 months. He goes on,
Assefa said the facility will combine industrial research with a startup incubator, working closely with Wits’ own entrepreneur accelerator in the same innovation hub, known as the Tshimologong Precinct. Tshimologong is part of a major urban renewal project by Wits and the City of Johannesburg.
Nowhere else in the world is there an innovation hub that houses a world class research lab,” Assefa said. “One thing we agreed on from the start is that we will make the lab accessible to startups and entrepreneurs in hub.
The lab is funded by a ten-year investment program of roughly $60M and maintains an open door policy with the University of the Witswatersrand (Wits), The Department of Trade and Industry, and the Department of Science and Technology. The immediate focuses of several early applications include Cape region forest fire prevention, disease monitoring, and virtual reality.
Chelsea Kerwin, February 9, 2017
Presenting Watson as a Service
February 9, 2017
Every now and then, interest in Watson re-emerges. Forbes published a long-read recently entitled How IBM Is Building A Business Around Watson. After gaining press during Watson’s victorious Jeopardy face-off with Ken Jennings, Watson’s first commercial applications took off. IBM sold it to Memorial Sloan Kettering Cancer Center and Wellpoint to design an advisory system for its medical staff. Other medical institutions have purchased it since then. The author asserts,
Still, the potentially is undeniable. Think about how much more effective an ordinary doctor can be with Watson as an assistant. First, even before the patient enters the room, it can analyze their personal medical history, which often runs to hundreds of pages. Then, it can compare the case history with the 700,000 academic papers published every year as well as potentially millions of other patient records. All of this is, of course, beyond the capabilities of human doctors, who typically only get a few minutes to prepare for each examination. So being able to consult with Watson will be enormously helpful.
The real value is offering Watson as a service by providing its API, so that developers in organizations can develop their own applications using its technology. Over 550 partners are utilizing this currently for everything from retail to geolocation to travel agencies. Certainly, with all the hype Watson receives, we can only expect usage to grow.
Megan Feil, February 9, 2017
Gradescope Cuts Grading Time in Half, Makes Teachers Lives 50% More Bearable
February 8, 2017
The article titled Professors of the World, Rejoice: Gradescope Brings AI to Grading on Nvidia might more correctly be titled: TAs of the World, Rejoice! In my experience, those hapless, hardworking, underpaid individuals are the ones doing most of the grunt work on college campuses. Any grad student who has faced a stack of essays or tests when their “real work” is calling knows the pain and redundancy of grading. Gradescope is an exciting innovation that cuts the time spent grading in half. The article explains,
The AI isn’t used to directly grade the papers; rather, it turns grading into an automated, highly repeatable exercise by learning to identify and group answers, and thus treat them as batches. Using an interface similar to a photo manager, instructors ensure that the automatically suggested answer groups are correct, and then score each answer with a rubric. In this way, input from users lets the AI continually improve its future predictions.
The trickiest part of this technology was handwriting recognition, and the Berkeley team used a “recurrent neural network trained using the Tesla K40 and GEForce GTX 980 Ti GPUs.” Interestingly, the app was initially created at least partly to prevent cheating. Students have been known to alter their answers after the fact and argue a failure of grading, so a digital record of the paper is extremely useful. This might sound like the end of teachers, but in reality it is the beginning of a giant, global teacher party!
Chelsea Kerwin, February 8, 2017
The Game-Changing Power of Visualization
February 8, 2017
Data visualization may be hitting at just the right time. Data Floq shared an article highlighting the latest, Data Visualisation Can Change How We Think About The World. As the article mentions, we are primed for it biologically: the human eye and brain processes 10 to 12 separate images per second, comfortably. Considering the output, visualization provides the ability to rapidly incorporate new data sets, remove metadata and increase performance. Data visualization is not without challenge. The article explains,
Perhaps the biggest challenge for data visualisation is understanding how to abstract and represent abstraction without compromising one of the two in the process. This challenge is deep rooted in the inherent simplicity of descriptive visual tools, which significantly clashes with the inherent complexity that defines predictive analytics. For the moment, this is a major issue in communicating data; The Chartered Management Institute found that 86% of 2,000 financiers surveyed late 2013, were still struggling to turn volumes of data into valuable insights. There is a need, for people to understand what led to the visualisation, each stage of the process that led to its design. But, as we increasingly adopt more and more data this is becoming increasingly difficult.
Is data visualization changing how we think about the world, or is the existence of big data the culprit? We would argue data visualization is simply a tool to present data; it is a product rather than an impetus for a paradigm shift. This piece is right, however in bringing attention to the conflict between detail and accessibility of information. We can’t help but think the meaning is likely in the balancing of both.
Megan Feil, February 8, 2017
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