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		<title>The Role of Artificial Intelligence in Automating Business Processes</title>
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		<dc:creator><![CDATA[Amabel Ryan]]></dc:creator>
		<pubDate>Mon, 08 May 2023 16:07:17 +0000</pubDate>
				<category><![CDATA[AI for Investing]]></category>
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					<description><![CDATA[With the advent of AI, BPA has become more advanced and intelligent, enabling organizations to automate even complex tasks that were previously difficult to automate.]]></description>
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							<p>Artificial Intelligence (AI) has emerged as a game-changing technology transforming various aspects of business operations. AI is a technology that enables machines to learn from data, identify patterns, and make decisions without human intervention. It is increasingly used to automate business processes, leading to increased efficiency, reduced costs, and improved customer experience. In this article, we will explore the role of AI in automating business processes and how it is revolutionizing how organizations function.</p><p>Business Process Automation (BPA) refers to using technology to automate repetitive and manual tasks within an organization. BPA aims to streamline business processes, reduce errors, and increase efficiency by automating routine tasks traditionally performed by humans. With the advent of AI, BPA has become more advanced and intelligent, enabling organizations to automate even complex tasks that were previously difficult to automate.</p><h4> </h4><h4><strong>Role of AI in Business Process Automation</strong></h4><p>AI transforms BPA by enabling machines to learn from data and make intelligent decisions without human intervention. Here are some of the ways AI is leveraged to automate business processes:</p><ul><li><strong>Predictive Analytics:</strong> AI-powered predictive analytics can analyze vast amounts of data to predict future outcomes. Predictive analytics can automate decision-making processes like predicting customer behavior or identifying fraud. Predictive analytics is used in various industries, including finance, healthcare, and retail, to automate decision-making processes. For example, in the finance industry, predictive analytics is being used to identify fraudulent transactions in real-time. In healthcare, predictive analytics is used to identify patients at risk of developing chronic diseases. In retail, predictive analytics forecasts demand and optimize inventory levels.</li><li><strong>Natural Language Processing:</strong> Natural Language Processing (NLP) enables machines to understand and interpret human language. NLP is used in customer service to automate tasks such as responding to customer queries and complaints. NLP can automate tasks such as customer service, where chatbots can understand and respond to customer queries without human intervention. For example, Mastercard is using NLP to automate its customer service chatbot. The chatbot can understand and interpret customer queries and provide relevant real-time responses. Utilizing an AI-powered chatbot has led to significant cost savings for Mastercard and improved customer satisfaction.</li><li><strong>Image and Video Recognition:</strong> AI-powered image and video recognition can automate tasks such as quality control, where machines can analyze pictures and videos to identify defects or anomalies. In manufacturing, transportation, and healthcare industries, photo and video recognition is used to automate quality control, inspection, and diagnosis tasks. For example, General Electric uses image recognition to automate its quality control processes. The system can analyze images of components to identify defects and anomalies, leading to improved quality and reduced costs.</li><li><strong>Machine Learning:</strong> Machine learning enables machines to learn from data and make intelligent decisions. Machine learning automates tasks such as data entry and extraction, where devices can learn to identify and classify information from documents. It is used in various industries to automate data entry, fraud detection, and recommendation systems. For example, Netflix uses machine learning to provide personalized recommendations to its users. The system analyzes user data to identify patterns and preferences and recommends content based on those patterns.</li><li><strong>Robotics Process Automation:</strong> Robotics Process Automation (RPA) involves using software robots to automate tasks such as data entry, invoice processing, and customer service. Robotics Process Automation (RPA) is used in finance, healthcare, and manufacturing industries to automate routine tasks such as data entry, claims processing, and inventory management. RPA can be enhanced with AI to enable machines to make intelligent decisions. For example, Blue Prism uses RPA to automate its claims processing system. The system can extract data from various sources, validate it, and process claims without human intervention. Utilizing RPA has led to significant cost savings and improved efficiency for Blue Prism.</li></ul><h4> </h4><h4><strong>Benefits </strong></h4><p>AI-powered BPA offers numerous benefits to organizations, including:</p><ul><li><strong style="letter-spacing: 0.2px;">Increased Efficiency:</strong><span style="letter-spacing: 0.2px;"> AI-powered BPA can automate routine tasks, increasing efficiency and productivity. This can free up human resources to focus on more complex tasks that require human intervention. For example, in the manufacturing industry, AI-powered systems automate quality control processes. These systems can identify defects and anomalies in real-time, improving efficiency and productivity.</span></li><li><strong style="letter-spacing: 0.2px;">Reduced Costs:</strong><span style="letter-spacing: 0.2px;"> By automating tasks previously performed by humans, organizations can reduce labor costs and increase profitability. For example, JPMorgan Chase implemented an AI-powered system that can process legal contracts in seconds, reducing the time to process a contract from hours to seconds.</span></li><li><b style="letter-spacing: 0.2px;">Improved Accuracy:</b><span style="letter-spacing: 0.2px;"> Machines are less prone to errors than humans, improving accuracy and fewer errors in business processes. For example, in the healthcare industry, AI-powered systems are being used to analyze medical images and identify diseases such as cancer at an early stage, improving the quality of diagnosis, treatment, and outcomes.</span></li><li><strong style="letter-spacing: 0.2px;">Enhanced Customer Experience:</strong><span style="letter-spacing: 0.2px;"> AI-powered BPA can improve the customer experience by enabling organizations to respond to customer queries more quickly and accurately. For example, in the retail industry, AI-powered chatbots can provide personalized recommendations based on their browsing and purchase history, increasing customer satisfaction and loyalty.</span></li><li><strong style="letter-spacing: 0.2px;">Competitive Advantage:</strong><span style="letter-spacing: 0.2px;"> Organizations that adopt AI-powered BPA can gain a competitive advantage by improving efficiency, reducing costs, and enhancing the customer experience. For example, in the finance industry, AI-powered systems can analyze market data and provide insights into investment opportunities which helps organizations make better investment decisions.</span></li></ul><div><h4> </h4><h4><strong>Challenges </strong></h4><p>While AI-powered BPA offers numerous benefits, there are also some challenges that organizations must overcome, including:</p><ul><li><strong style="letter-spacing: 0.2px;">Data Quality:</strong><span style="letter-spacing: 0.2px;"> One of the critical challenges in implementing AI-powered business process automation is ensuring that the data used to train AI models is of high quality. Poor data quality can lead to inaccurate predictions and decisions. For example, an AI-powered system introduced on partial data in the healthcare industry could lead to incorrect diagnoses and treatment recommendations.</span></li><li><strong style="letter-spacing: 0.2px;">Integration with Legacy Systems:</strong><span style="letter-spacing: 0.2px;"> Integrating AI-powered systems with existing systems can be challenging. Legacy systems may not be compatible with new AI technologies, leading to integration challenges. For example, in the manufacturing industry, integrating AI-powered quality control systems with existing production systems can be a challenge.</span></li><li><strong style="letter-spacing: 0.2px;">Security:</strong><span style="letter-spacing: 0.2px;"> AI-powered systems that use sensitive data must be secure and comply with privacy regulations. Organizations must ensure that AI-powered systems are secure and comply with relevant laws. For example, an AI-powered system that analyzes patient data in the healthcare industry must comply with HIPAA regulations.</span></li><li><strong style="letter-spacing: 0.2px;">Ethical Concerns:</strong><span style="letter-spacing: 0.2px;"> AI-powered business process automation raises ethical considerations that must be considered. Organizations must ensure that AI systems are developed and implemented ethically. For example, in the finance industry, an AI-powered system that automatically approves loans based on specific criteria may result in discrimination against certain groups.</span></li><li><strong style="letter-spacing: 0.2px;">Talent Gap:</strong><span style="letter-spacing: 0.2px;"> Developing and implementing AI-powered systems requires specialized skills and expertise. Organizations must have access to talent with data science, machine learning, and natural language processing skills. There is a shortage of skilled talent in these areas, making it challenging for organizations to implement AI-powered business process automation.</span></li></ul><p> </p><p>Artificial Intelligence has become a game-changing technology that is transforming various aspects of business operations. The role of AI in automating business processes has become more advanced and intelligent, enabling organizations to automate even complex tasks that were previously difficult to automate. The benefits of AI-powered BPA include increased efficiency, reduced costs, improved accuracy, enhanced customer experience, and competitive advantage. However, organizations must overcome data quality, privacy, and ethical concerns. With the right approach, AI-powered BPA can revolutionize how organizations operate and deliver value to their customers.</p></div>						</div>
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		<title>Tips And Advice On Developing Your Website</title>
		<link>http://email.quantilus.com/article/tips-and-advice-on-developing-your-website/</link>
		
		<dc:creator><![CDATA[Amabel Ryan]]></dc:creator>
		<pubDate>Wed, 29 Jun 2022 16:54:25 +0000</pubDate>
				<category><![CDATA[AI Technology Updates]]></category>
		<category><![CDATA[Article]]></category>
		<category><![CDATA[AI]]></category>
		<category><![CDATA[Blockchain]]></category>
		<category><![CDATA[Natural Language Processing]]></category>
		<guid isPermaLink="false">https://quantilus.com/?p=11189</guid>

					<description><![CDATA[Embark on a website project with a strategic mindset, considering the role of your website in business operations, defining its purpose, key features, content, and design needs. Explore the importance of hosting, maintenance, and leveraging CMS platforms for seamless content management. Invest wisely to create a standout website that drives traffic, converts visitors, and enhances user experience. As a business leader, prioritize a reliable and effective website to stay competitive in the digital landscape.]]></description>
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			<h1 class="elementor-heading-title elementor-size-default">Tips And Advice On Developing Your Website</h1>		</div>
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										<time>June 29, 2022</time>					</span>
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				<a href="http://email.quantilus.com/tag/ai/" class="elementor-post-info__terms-list-item">AI</a>, <a href="http://email.quantilus.com/tag/blockchain/" class="elementor-post-info__terms-list-item">Blockchain</a>, <a href="http://email.quantilus.com/tag/natural-language-processing/" class="elementor-post-info__terms-list-item">Natural Language Processing</a>				</span>
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							<p>Prefer to listen instead? Here’s the podcast version of this article.</p>						</div>
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							<p>These days, business development has become synonymous with digital marketing and online presence &#8211; two items that website development is intricately associated with. Your website is now a hub for your business. Leveraging smart CMS platforms, the best websites in the world create more traffic, convert visitors into customers, solve existing customer problems by integrating automated solutions like chatbots, and even announce organizational and product-level updates to the world. Websites also make it much easier for your business to collect data about users and customers. The data can then be analyzed to fix potential issues and create a product stack more personalized for your customers, further empowering your business. As a result, the number of website developers in the United States alone is on the rise, <a href="https://blog.hubspot.com/marketing/web-design-stats-for-2020">projected</a> to reach 205,000 by 2030.You might be thinking about embarking on a website project in the near future. If so, let&#8217;s look at the mindset required, the processes involved and items you need to consider.</p><p><strong> </strong></p><p><strong>The Role of the Website in Your Business Operations</strong></p><p>Your website is the front office of your business operations. A well-developed website generates more leads, increases sales, and improves customer experience. Moreover, the website for your business can attract organic traffic to increase your brand awareness. It also works as a bulletin board for your company where you can post updates and announcements. Before you reach out to a developer, it&#8217;s worthwhile to assess your website&#8217;s role in your operations.</p><p> </p><p>Additionally, review your website&#8217;s touchpoints with your operations and identify the integrations that help your business operate efficiently across functions. Such integrations may include an ERP, a CRM, marketing automation tools, and more. Articulating your website&#8217;s entire ecosystem and technologies to a potential developer will facilitate the scoping of the project.</p><p><strong style="letter-spacing: 0.2px;"> </strong></p><p><strong style="letter-spacing: 0.2px;">Defining the Purpose of the Website</strong></p><p>Before you delve into your website project, you need to be clear about the goal or purpose of the website and how it will integrate with your operating business model. Your website may have multiple goals but what’s key is prioritizing those goals to maintain focus throughout the design and build of the site. Some examples of website goals include:</p><p> </p><ul><li>Drive more traffic, generate leads, re-engage customers and prospects.</li><li>Improve customer experience through better service</li><li>Help in attracting potential customers and closing sales.</li><li>Integrate seamlessly with other systems &#8211; especially for transactional websites.</li><li>Streamlining business workflows and tasks.</li><li>Grow the organization’s bottom line and increase profitability</li><li>Attract potential new employees and manage existing employees.</li></ul><p><strong> </strong></p><p><strong>Key Features or Functionality</strong></p><p><strong> </strong></p><p>Developers will ask about required features and functionality when embarking on a website project. The question is relevant because it helps identify the scale of effort to design and build the website. Having a list of  requirements will help with scoping. Alternatively, you can ask your web developer or partner to include a discovery phase as part of their scope to identify these requirements with the stakeholders and/or users.  To help frame features and functionality for the website for, we suggest framing the requirements as follows:</p><p> </p><ol><li>What do I want my website users  <strong>to do</strong>? These should be actions (e.g. filter and sort products, purchase products, register/create and account, etc).</li><li>When users visit my website, what do I want them <strong>to see</strong>?  Imagine the new website and describe the types of items they see (aside from images and copy). Examples could include animation, videos, infographics, games, help or chat prompts, etc.</li></ol><div> </div><p>Additionally, we recommend considering any features that internal teams such as marketing, sales, human resources, or customer service may require that touch the website. For example:</p><p> </p><ul><li>Marketing may need connect the site to an automated marketing platform or may want to encourage subscribers to a mailing list.</li><li>Human resources may need to integrate the site to an applicant tracking system (ATS) to automate job postings and applications.</li><li>Sales may need to have any qualified leads connected to a CRM for proper mapping and follow-up.</li><li>Customer service may have software or programs such Zendesk or Help Scout that field queries from the website or want any customer related form submissions directed to appropriate contacts. </li></ul><div> </div><p>Websites feature interactivity and functionality that empower businesses, customers, and users. Knowing what your website requires before speaking with a web developer or partner will lead to a more effective and accurate scope and cost estimate.</p><p><strong> </strong></p><p><strong>Content and Design</strong></p><p><strong> </strong></p><p>Your website stands on its content and design. Good content and design attract more users, increasing website traffic. HTML and CSS are the most-used content and design building languages, with their extensive list of functions, features, and ability to integrate with several front-end and back-end website languages like Javascript, Python, PHP, etc.</p><p> </p><ul style="letter-spacing: 0.2px;"><li><span style="font-weight: bold;">Content Management System</span></li></ul><p><strong> </strong><span style="letter-spacing: 0.2px;">Maintaining content for a website includes many activities like creating, removing, publishing or editing content or pages. For many years, these processes required web developers.  However, in today’s world, a content management system or CMS provides an an alternative no-code or low-code approach to these processes. CMS platforms like WordPress, Drupal, Magento, or Umbraco offer capabilities for ease of creating, managing, and publishing content for a website.</span></p><p><span style="letter-spacing: 0.2px;"> </span></p><p>A good content management system removes the pain of coding whenever you want to add or edit your website. Instead, a CMS uses language-agnostic visual tools and interactive workflows that make it user-friendly for non-technical users to create and publish content on a website.  </p><p> </p><p>If a CMS is on your wish list, you&#8217;ll first leverage <a href="https://quantilus.com/website-development-services/">web designers and developers</a> to create the back-end infrastructure, front-end experience, and templates.  However, this will mitgate the need for day-to-day resources post-launch. Tap web developers for times when new features or functionality are required or for maintaining the software or plugins.</p><p> </p><ul><li><strong>Content Migration</strong></li></ul><p>When you are building your website, you have to also make provisions for content migration. Content migration is a process through which you move all of your existing website content to your new website/domain or a new platform. This is a complex method and can be made easier with sitemaps, wireframes, and content spreadsheets.</p><p> </p><ul><li><strong>Digital Style Guide</strong></li></ul><p>A consistent look and feel across the website contributes to usability and a positive user experience.  This is where a digital style guide or a user interface (UI) kit comes in. A digital style guide or UI kit is a standardized scheme for all the visual languages on your website, including typography, color palette, spacing, images, icons, button styles, and more. A well-crafted digital style guide creates guidelines for the web development team and works as a reference for future web designs and incorporating new technologies. A digital style guide should always be an extension of your brand but is specific to interactive experiences. You may already have one for your company. If not, consider having the website partner create a digital style guide or UI kit as part of the design scope.</p><p><strong> </strong></p><p><strong>Hosting and Maintenance</strong></p><p><strong> </strong><span style="letter-spacing: 0.2px;">Websites also require two things: web hosting and maintenance. Web hosting, at its simplest, is a service that encompasses storing all website-related data, codes, and files on a server and deploying said website live so users can access, view, and interact with its content. You can either have the site hosted internally on your company&#8217;s data centers or employ a range of web hosting providers that do the same with a one-time fee or monthly subscription. Leveraging web hosting providers removes the pain and additional operating expense of maintaining website availability (server support and troubleshooting) and security.</span></p><p><span style="letter-spacing: 0.2px;"> </span></p><p>Remember that before your website goes live, you will have to buy a domain (if you don&#8217;t have one already), either from a domain registrar like GoDaddy or your web hosting/maintenance vendor.</p><p> </p><p>Website maintenance is probably the most important part of your website&#8217;s lifecycle. Keeping the backend server where the website code is stored up and running 24&#215;7 and secure is key. Maintenance tasks include patching and upgrading code and its underlying hardware and software architecture, scheduling regular backups, going through periodic stress and disaster recovery tests, organizing penetration testing and fixing identified vulnerabilities, as well as maintaining all the plugins, extensions, and modules, including CMS. Again, investing in a web hosting and maintenance service provider may provide better value in the long run as they cut down operational expenses and downtime by quite a bit.</p><p> </p><p><strong>&#8212;</strong></p><p>There are 5 billion <a href="https://www.statista.com/statistics/617136/digital-population-worldwide/">active</a> internet users in the world today. They access various websites from a pool of <a href="https://www.internetlivestats.com/total-number-of-websites/">about</a> 2 billion and counting. This staggering number of websites means the one that you build for your business needs to stand out from the competition. Content and design are the biggest factors that make a website pop. Alongside that, you should invest in stable, fast, and reliable platforms. Remember: you build your website for the long term, so lean on technologies that help you expand your business and organically create more brand awareness. The good thing about <a href="https://quantilus.com/website-development-services/">web development</a> these days is the sheer number of available resources. You can either do web coding internally within your organization or hire a web development company to do it for you.</p><p> </p><p>If you are a business leader in 2022, having a reliable and effective website for your company should be at the top of your priorities.</p>						</div>
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		<title>What’s a DAO?</title>
		<link>http://email.quantilus.com/article/whats-a-dao/</link>
		
		<dc:creator><![CDATA[Amabel Ryan]]></dc:creator>
		<pubDate>Fri, 21 Jan 2022 16:10:50 +0000</pubDate>
				<category><![CDATA[AI for Investing]]></category>
		<category><![CDATA[Article]]></category>
		<category><![CDATA[AI]]></category>
		<category><![CDATA[Blockchain]]></category>
		<category><![CDATA[Natural Language Processing]]></category>
		<guid isPermaLink="false">https://quantilus.com/?p=9331</guid>

					<description><![CDATA[Discover the fascinating world of Decentralized Autonomous Organizations (DAOs) - internet-native, democratic entities driven by blockchain technology. Learn what DAOs are, how they work, and explore examples like Dash, Steemit, Uniswap, and Augur. Explore the potential of DAOs in reshaping global economies and stay updated on tech trends with our blog. ]]></description>
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										<time>January 21, 2022</time>					</span>
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							<p><span data-preserver-spaces="true">Business structures typically involve a hierarchy of leaders who make decisions for the company. Recently, a new organizational structure has emerged: Decentralized autonomous organizations or DAOs. DAOs are an emerging method of handling an organization’s finances, which emphasizes democracy and utilizes <a href="https://quantilus.com/what-is-blockchain-technology/">blockchain</a> technology. This article will offer a beginner’s introduction to the nature of DAOs, how they work, and a few examples of currently operating DAOs. </span></p><h4> </h4><h4><strong><span data-preserver-spaces="true">What Is a DAO?</span></strong></h4><p><span data-preserver-spaces="true">A DAO is a collective of internet users who contribute currency into a shared bank account, usually a crypto wallet. </span></p><p><span data-preserver-spaces="true">While DAOs are organizations, they differ from traditional companies and financial entities. Unlike their traditional counterparts, DAOs don’t follow a general leadership hierarchy and are democratic. All decisions are made collaboratively and implemented by a community that follows the rules enforced via blockchain. </span></p><p><span data-preserver-spaces="true">These internet-native, community-led organizations are owned and managed by their members, with no one member above another. There are no boards, committees, or executives. Instead, rules previously agreed upon are hardwired via code and executed automatically by the online network that powers the DAO. Decision-making is done via group voting within specified periods, and the entire process operates online. Fundamentally, DAOs were created to minimize and eliminate human error and unethical handling of funds. </span></p><p><span data-preserver-spaces="true">Generally, DAOs fall into two categories; blockchain-based open-source projects and investment collectives. Depending on the nature and objectives of a DAO, it can operate in ways similar to investment firms, LLCs, or VC firms. One example of this is PleasrDAO, which is a collective of crypto investors that purchase high-value NFTs. The type, governance styles, rules, and structure of DAOs can significantly differ, depending on their goals and the individuals comprising them.</span></p><h4> </h4><h4><strong><span data-preserver-spaces="true">How DAOs Work</span></strong></h4><p><span data-preserver-spaces="true">DAOs are powered by </span><a class="editor-rtfLink" href="https://quantilus.com/why-small-businesses-should-start-implementing-blockchain/" target="_blank" rel="noopener"><span data-preserver-spaces="true">blockchain technology</span></a><span data-preserver-spaces="true"> and <a href="https://quantilus.com/the-ultimate-guide-to-smart-contracts/">smart contracts</a>. These two pieces act as a DAO’s backbone, executing and maintaining the structure and systems of governance. The blockchain serves as a digital and decentralized record, while smart contracts implement (via automation) a set of rules coded into the blockchain. For clarity, smart contracts are agreements built into the blockchain infrastructure. They contain a set of rules to be deployed if/when certain conditions are met. </span></p><p><span data-preserver-spaces="true">In DAOs, day-to-day governance is not undertaken by any person but through these smart contracts. Unlike traditional organizations, where decisions are made by a board of directors, upper management personnel, and high-level executives. The smart contacts contain previously agreed-upon rules and processes that are coded into the blockchain and implemented automatically anytime action has to be taken. These rules cannot be altered or bypassed without the DAO’s members’ majority consent. </span></p><p><span data-preserver-spaces="true">Once rules have been conceptualized, ideated, and finalized, they are hardcoded through smart contracts. Usually, once this is complete, DAOs initiate a funding phase, inviting investments from anyone who wants to put in money. Investors participate by purchasing the DAO’s particular form of </span><a class="editor-rtfLink" href="https://quantilus.com/what-is-cryptocurrency/" target="_blank" rel="noopener"><span data-preserver-spaces="true">cryptocurrency</span></a><span data-preserver-spaces="true"> (whichever the DAO chooses to use). Once funding is complete, the DAO is operational and makes decisions through collective consensus. </span></p><p><span data-preserver-spaces="true">Additionally, instead of a select number of individuals deciding the fate of the DAO, every member has a vote in all decision-making. This setup motivates members to be actively engaged and provides higher levels of transparency. </span></p><h4> </h4><h4><strong><span data-preserver-spaces="true">Examples of DAOs</span></strong></h4><p style="padding-left: 40px;"><span data-preserver-spaces="true">● </span><strong><span data-preserver-spaces="true">Dash</span></strong></p><p style="padding-left: 40px;"><span data-preserver-spaces="true">Both an open-source cryptocurrency and a DAO, Dash is considered the first DAO. The organization is run by a section of its users, called </span><a class="editor-rtfLink" href="https://www.investopedia.com/terms/m/master-node-cryptocurrency.asp" target="_blank" rel="noopener"><span data-preserver-spaces="true">masternodes</span></a><span data-preserver-spaces="true">. Masternodes are computers that put in extra work and heavily invest in Dash tokens. </span></p><p style="padding-left: 40px;"><span data-preserver-spaces="true">The altcoin Dash stems from Bitcoin protocol, and Dash has a governance system built to address the shortcomings of Bitcoin. The organization splits payouts (rewards) into three segments: 45% to masternodes, 45% to miners, and 10% to its decentralized governance fund. </span></p><h6 style="padding-left: 40px;"> </h6><p style="padding-left: 40px;"><span data-preserver-spaces="true">● </span><strong><span data-preserver-spaces="true">Steemit</span></strong></p><p style="padding-left: 40px;"><span data-preserver-spaces="true">Owned by a private New York-based company called Steemit Inc., the steem blockchain aims to monetize social media platforms while building an online community. Users can submit work proposals that will benefit the platform, and if the proposal receives enough votes, the user is paid for completing the project.</span></p><h6 style="padding-left: 40px;"> </h6><p style="padding-left: 40px;"><span data-preserver-spaces="true">● </span><strong><span data-preserver-spaces="true">Uniswap</span></strong></p><p style="padding-left: 40px;"><span data-preserver-spaces="true">Uniswap refers to a company and a DAO. It is a decentralized finance protocol that allows for cryptocurrency exchange and is built by a company of the same name.</span></p><p style="padding-left: 40px;"><span data-preserver-spaces="true">Uniswap launched a governance token in 2020 called UNI that allows its community to have a say in the platform’s development. This means that those with UNI tokens can submit proposals for new features and/or vote on what proposals move forward. </span></p><h6 style="padding-left: 40px;"> </h6><p style="padding-left: 40px;"><span data-preserver-spaces="true">● </span><strong><span data-preserver-spaces="true">Augur</span></strong></p><p style="padding-left: 40px;"><span data-preserver-spaces="true">Developed by the Forecast Foundation and advised by the co-founder of Ethereum, Augur is a decentralized platform that lets users formulate prediction markets on any subject. </span></p><h6> </h6><p><span data-preserver-spaces="true">Over the past few years, DAOs have begun to emerge. Their unique form of pooling finances and achieving real-world objectives through digital, decentralized currency and transactions has gained momentum. While not the norm yet, DAOs have opened up exciting possibilities and ways to evolve global economies for decades to come. </span></p><p><span data-preserver-spaces="true">For more updates and news on tech trends and emerging technologies, continue to check our blog. Lastly, if you are curious how Quantilus can help your business or would like more information, contact us at info@quantilus.com, and we can set up a time to talk.</span></p>						</div>
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		<title>The Science Behind Deepfake Technology</title>
		<link>http://email.quantilus.com/article/the-science-behind-deepfake-technology/</link>
		
		<dc:creator><![CDATA[Amabel Ryan]]></dc:creator>
		<pubDate>Fri, 05 Mar 2021 20:34:10 +0000</pubDate>
				<category><![CDATA[AI for Investing]]></category>
		<category><![CDATA[Article]]></category>
		<category><![CDATA[AI]]></category>
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		<guid isPermaLink="false">http://3.87.238.128/?p=6335</guid>

					<description><![CDATA[Delve into the world of deepfake technology, exploring how it works, its current capabilities, and potential future implications. Learn about the efforts to regulate deepfake content by tech giants like Facebook, Twitter, and YouTube, as well as emerging solutions like deepfake analyzing programs and blockchain technology. Discover the need for digital literacy to distinguish deepfakes from reality and explore the broader applications of deep learning AI beyond image manipulation.]]></description>
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			<h1 class="elementor-heading-title elementor-size-default">The Science Behind Deepfake Technology</h1>		</div>
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							<p><span data-preserver-spaces="true">Recently Tom Cruise probably woke up to find trending videos of himself playing golf and performing magic tricks for TikTok that he has no recollection of ever recording. But, unlike a plot out of a Hollywood blockbuster where the main character struggles to remember their murky past, Tom Cruise never actually recorded these videos.</span></p><p><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">2 years ago on stage I was asked “when will Deepfake video/audio impact trust &amp; be believable in social engineering?” My response then was that we were 2 years away from undetectable Deepfakes. I wish my prediction then was wrong. We need synthetic media detection + labels ASAP. <a href="https://t.co/yUUOTDepYY">pic.twitter.com/yUUOTDepYY</a></p>&mdash; Rachel Tobac (@RachelTobac) <a href="https://twitter.com/RachelTobac/status/1365413178327277575?ref_src=twsrc%5Etfw">February 26, 2021</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p><p><span data-preserver-spaces="true">Unfortunately for Tom Cruise, he’s the latest, viral “deepfake” and probably nowhere near the last. This quickly expanding technology has seen a growth in attention, possible future use cases (both useful and potentially harmful), and discussions surrounding ways to regulate the technology.</span></p><h2 data-fontsize="36" data-lineheight="52"> </h2><h4 data-fontsize="36" data-lineheight="52"><strong>How Does Deepfake Technology Work?</strong></h4><p><span data-preserver-spaces="true">At the heart of deepfake technology are </span><a class="editor-rtfLink" href="https://quantilus.com/why-is-machine-learning-important-and-how-will-it-impact-business/" target="_blank" rel="noopener noreferrer"><span data-preserver-spaces="true">machine learning</span></a><span data-preserver-spaces="true"> and AI. For example, to create an uncanny replication of Tom Cruise, the videos’ creator would have trained a neural network to identify what Tom Cruise would look like from every angle or in different lightings and environments. Once the AI can generate a “face,” a user can superimpose the deepfake onto any media or another actor just as easily as someone working with photoshop.</span></p><p> </p><p><span data-preserver-spaces="true">Also, one reason why Cruise or any celebrity/public figure, in particular, are easier targets is that there are countless photos and videos that can cover every angle a machine learning network needs to piece together a recreation.</span></p><p><span data-preserver-spaces="true">The rise of this technology mainly has to do with these projects becoming cheaper to run, and the AI behind this technology is becoming faster and faster. That’s not to say anyone can start creating their own personal Tom Cruise as this process still takes plenty of hours and concentration to adjust every little detail that may hinder the end result’s realism.</span></p><p><span data-preserver-spaces="true">Another aspect to keep in mind is that the deep-learning technology and algorithms behind the video deepfakes of Tom Cruise differ from the </span><a class="editor-rtfLink" href="https://www.nytimes.com/interactive/2020/11/21/science/artificial-intelligence-fake-people-faces.html" target="_blank" rel="noopener noreferrer"><span data-preserver-spaces="true">fake avatars</span></a><span data-preserver-spaces="true"> that are becoming more common across social media. The technology that The New York Times focused on is powered by generative adversarial networks (GANs). As the article mentions, there are still tiny flaws that are noticeable as new avatars are created, and GAN models specialize in creating imagery instead of video.</span></p><h4 data-fontsize="36" data-lineheight="52"><strong>Where is Deepfake Technology Headed?</strong></h4><p><span data-preserver-spaces="true">Forensic experts and those who analyze digital images can still determine what is and what is fake. However, that threshold is becoming harder to distinguish. For the Tom Cruise example, Hany Farid, a professor at the University of California at Berkeley (Cal-Berkeley), </span><a class="editor-rtfLink" href="https://fortune.com/2021/03/01/why-deepfake-creators-love-tom-cruise/" target="_blank" rel="noopener noreferrer"><span data-preserver-spaces="true">says the videos</span></a><span data-preserver-spaces="true"> are well done.</span></p><p><span data-preserver-spaces="true"> </span></p><p> </p><p><span data-preserver-spaces="true">Farid, who specializes in analyzing digital images, said his graduate students could identify Cruise’s eye color and shape change for a brief moment at the end of the magic trick video. So, for the moment, AI technology isn’t perfect.</span></p><p><span data-preserver-spaces="true"> </span></p><p><span data-preserver-spaces="true">It’s also suggested by Farid that, in the case of the Tom Cruise videos, part of the realism came from the actor’s mouth, though the rest of the face was generated by deep learning: “This would make sense if the actual person in the video resembles Cruise, did some good work with makeup perhaps, and the swapping of the distinct eyes is enough to finalize a compelling likeness.”</span></p><p><span data-preserver-spaces="true"> </span></p><div class="twitter-tweet twitter-tweet-rendered"><span style="letter-spacing: 0.2px;" data-preserver-spaces="true"> </span></div><div class="twitter-tweet twitter-tweet-rendered"><span style="letter-spacing: 0.2px;" data-preserver-spaces="true">For the time being, there’s still a precise skill and monetary gap before anyone can start creating their own AI-powered deepfakes, but that timeframe is gradually shrinking. There’s not much of a consensus of when this technology will become refined and easily accessible. Still, some</span><a class="editor-rtfLink" style="background-color: #ffffff; letter-spacing: 0.2px;" href="https://spectrum.ieee.org/tech-talk/computing/software/what-are-deepfakes-how-are-they-created" target="_blank" rel="noopener noreferrer"><span data-preserver-spaces="true"> experts</span></a><span style="letter-spacing: 0.2px;" data-preserver-spaces="true"> suggest the range is two to ten years before it can be as easy as pulling up an app on your smartphone.</span></div><p> </p><p><span data-preserver-spaces="true">Unfortunately, the shrinking timeframe also means less time for companies and even governments to put forward solutions and regulations that can help reduce some of the harm and weariness that can come out of AI-powered deepfake technology.</span></p><h4 data-fontsize="36" data-lineheight="52"> </h4><h4 data-fontsize="36" data-lineheight="52"><strong>How Can Deepfake Technology be Regulated?</strong></h4><p><span data-preserver-spaces="true">Large technology companies like Facebook, YouTube, and Twitter understand their platforms are commonplace in the modern-day news cycles and have started to reduce the threat that all deepfake technology can impose.</span></p><p><span data-preserver-spaces="true"> </span></p><p><span data-preserver-spaces="true">Facebook recently </span><a class="editor-rtfLink" href="https://about.fb.com/news/2020/01/enforcing-against-manipulated-media/" target="_blank" rel="noopener noreferrer"><span data-preserver-spaces="true">recruited</span></a><span data-preserver-spaces="true"> researchers from Cal-Berkeley and Oxford University to build a detector that can identify and remove any deepfake content that can be harmful. Twitter also has plans to </span><a class="editor-rtfLink" href="https://blog.twitter.com/en_us/topics/company/2020/new-approach-to-synthetic-and-manipulated-media.html" target="_blank" rel="noopener noreferrer"><span data-preserver-spaces="true">tag</span></a><span data-preserver-spaces="true"> any deepfake that isn’t initially removed. And YouTube </span><a class="editor-rtfLink" href="https://www.marketwatch.com/story/youtube-to-remove-deepfakes-and-birther-videos-ahead-of-2020-election-2020-02-04" target="_blank" rel="noopener noreferrer"><span data-preserver-spaces="true">prioritized</span></a><span data-preserver-spaces="true"> removing deepfake videos that could have impacted information surrounding the 2020 election in the United States.</span></p><p><span data-preserver-spaces="true"> </span></p><p><span data-preserver-spaces="true">There are also deepfake analyzing programs such as </span><a class="editor-rtfLink" href="https://rd2020.org/" target="_blank" rel="noopener noreferrer"><span data-preserver-spaces="true">Reality Defender</span></a><span data-preserver-spaces="true"> that can act almost like a spam remover works on any emailing platform and alert users if a piece of media may be doctored. The company is collaborating with Cal-Berkeley, Twitter, Microsoft, and Google.</span></p><p><span data-preserver-spaces="true">Lastly, another emerging technology and fellow buzzword of the past few years, </span><a class="editor-rtfLink" href="https://quantilus.com/the-best-of-emerging-tech-from-ces-2021/" target="_blank" rel="noopener noreferrer"><span data-preserver-spaces="true">blockchain</span></a><span data-preserver-spaces="true">, can potentially provide a solution to hinder unregulated deepfake content. Blockchain is now capable of utilization for creating watermarks on pieces of digital content.</span></p><p><span data-preserver-spaces="true"> </span></p><p><span data-preserver-spaces="true">For example, an original video created by a celebrity or public figure can have a generated unique signature that proves that the piece of content is original and un-doctored. That watermark can act as a way to debunk deepfake content or misinformation quickly.</span></p><p><span data-preserver-spaces="true"> </span></p><h4 data-fontsize="36" data-lineheight="52"><strong>What’s Next for Deepfake Technology?</strong></h4><p><span data-preserver-spaces="true">The Tom Cruise deepfakes are ultimately accelerating a necessary discussion about a technology that is becoming more and more prominent. There are also some positives of the growing technology for all the potential threats of deep learning AI. Image-based media isn’t its only purpose for the world. From </span><a class="editor-rtfLink" href="https://www.forbes.com/sites/simonchandler/2020/03/09/why-deepfakes-are-a-net-positive-for-humanity/?sh=24d91ce72f84" target="_blank" rel="noopener noreferrer"><span data-preserver-spaces="true">innovating</span></a><span data-preserver-spaces="true"> healthcare to art to education, deep learning AI shouldn’t just ignite fear but rather encourage digital literacy among the public so that they can identify a deepfake from reality.</span></p><p><span data-preserver-spaces="true"> </span></p><p><span data-preserver-spaces="true">Contact us at </span><a class="editor-rtfLink" href="mailto:info@quantilus.com" target="_blank" rel="noopener noreferrer"><span data-preserver-spaces="true">info@quantilus.com</span></a><span data-preserver-spaces="true"> for a consultation and learn more about what Quantilus has to offer </span><a class="editor-rtfLink" href="https://quantilus.com/" target="_blank" rel="noopener noreferrer"><span data-preserver-spaces="true">here</span></a><span data-preserver-spaces="true">.</span></p>						</div>
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		<title>Gartner’s Top Nine Tech Trends of 2021</title>
		<link>http://email.quantilus.com/article/gartners-top-nine-tech-trends-of-2021/</link>
		
		<dc:creator><![CDATA[Amabel Ryan]]></dc:creator>
		<pubDate>Fri, 18 Dec 2020 21:59:44 +0000</pubDate>
				<category><![CDATA[AI for Marketing]]></category>
		<category><![CDATA[Article]]></category>
		<category><![CDATA[Artificial Intelligence]]></category>
		<category><![CDATA[cloud]]></category>
		<category><![CDATA[Machine Learning]]></category>
		<category><![CDATA[Natural Language Processing]]></category>
		<guid isPermaLink="false">http://3.87.238.128/?p=5261</guid>

					<description><![CDATA[Discover Gartner's top tech trends for 2021, including the Internet of Behaviors, Total Experience, Privacy-Enhancing Computation, Distributed Cloud, Anywhere Operations, Cybersecurity Mesh, Intelligent Composable Business, AI Engineering, and Hyperautomation. Learn how these trends can benefit your business, enhance efficiency, and adapt to changing conditions.]]></description>
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							<p><span style="font-weight: 400;">A new year means new technology and advancements. With a seemingly endless amount of technology and innovations being created daily, it can be challenging for businesses to pinpoint which technologies are worth the investment. In 2020, the impact of the COVID-19 pandemic resulted in immense disruption for organizations, influencing technology adoption and requiring agile strategies. Global research and advisory firm, Gartner, recently released </span><span style="font-weight: 400;">their </span><span style="font-weight: 400;">predictions for the upcoming year’s top tech trends that CIOs and executives need to consider. Many of these trends highlight how organizations can maintain continuity amid changing or unforeseen conditions moving forward. </span><a href="https://www.gartner.com/smarterwithgartner/gartner-top-strategic-technology-trends-for-2021/"><span style="font-weight: 400;">Gartner’s tech trends for 2021</span></a><span style="font-weight: 400;"> are as follows&#8230; </span></p><p> </p><ol><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Internet of Behaviors (IoB)</span></li><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Total Experience</span></li><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Privacy-Enhancing computation</span></li><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Distributed cloud</span></li><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Anywhere Operations</span></li><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Cybersecurity mesh</span></li><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Intelligent composable business</span></li><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">AI engineering</span></li><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Hyperautomation</span></li></ol><p> </p><p><span style="font-weight: 400;">Continue reading to explore each trend and find out their benefits. </span></p><p> </p><h4><b>1) Internet of Behaviors:</b></h4><p><span style="font-weight: 400;">The </span><a href="https://axiosholding.com/say-hello-to-the-internet-of-behaviors-what-is-it-why-you-should-care/"><span style="font-weight: 400;">Internet of Behaviors</span></a><span style="font-weight: 400;">, also referred to as IoB, utilizes collected user data to influence behaviors. This data is mined from various sources, including actions on a company’s website, social media profiles, computer vision, sensors or RFID tags, and more. </span><span style="font-weight: 400;"> </span></p><p> </p><p><span style="font-weight: 400;">An example of this is setting up computer vision on work devices. Computer vision can analyze employees’ faces and detect if they are wearing a face mask. If they are not wearing a face mask, it can remind the employee and alert this information to other stakeholders in the company.</span></p><p> </p><p><span style="font-weight: 400;">Accordingly, there are ethical implications with the IoB as it collects data on users and attempts to change their behaviors. The data collected can also have varying levels of intrusiveness due to the technology being able to capture a wide variety of personal information. Laws on the IoB vary widely, which will play a critical role in adopting and advancing this tech trend.</span></p><p><span style="font-weight: 400;">      </span></p><h4><b>2) Total Experience:</b></h4><p><span style="font-weight: 400;">Total experience links the customer, user, and employee experiences together using multi-experience. Multi-experience utilizes various technologies to engage and interact with consumers. Therefore, total experience focuses on leveraging different technologies to create a more seamless process for customers, users, and employees. </span></p><p> </p><p>Gartner’s tech trends report provided an example of a telecommunications company improving its total experience by interlinking both customer and employee in-store experiences to enforce social distancing guidelines. Specifically, the telecommunications company leveraged its consumer-facing app for scheduling appointments, geo-tracking, and push notifications to manage the customer’s in-store experience in a safe, orderly way. Simultaneously, employees in the store leveraged digital kiosks to service the customer as well as personal tablets to co-browse customers’ devices, thus avoiding the need to touch consumers’ devices.</p><p> </p><p><span style="font-weight: 400;">So instead of perfecting the customer, user, and employee experiences independently, they should be thought of as one experience and flow harmoniously into each other. Meanwhile, integrating various technology solutions into these experiences will help automate tasks, improve efficiencies, guide customers and staff, maintain social distancing guidelines, engage customers, and more. </span></p><p><span style="font-weight: 400;">      </span></p><h4><b>3) Privacy-enhancing computation</b></h4><p><span style="font-weight: 400;">Privacy-enhancing computation aims to protect personal information in the following ways:</span></p><ul><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Provide a safe environment for sensitive data to be processed and analyzed. </span></li><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Perform processing and analytics in a decentralized manner. </span></li><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Transform data and algorithms before processing or analytics.</span></li></ul><p> </p><p><span style="font-weight: 400;">Privacy enhancing computation is becoming increasingly important because as teams become more geographically widespread and more people require access to sensitive information, the demand for digital and online protection also grows. Privacy enhancing computation also allows for better collaboration while not compromising security. </span></p><p><span style="font-weight: 400;"> </span></p><h4><b>4) Distributed cloud</b></h4><p><span style="font-weight: 400;">The purpose of distributed cloud is to have cloud providers implement their services near their customers. Perks of having cloud services physically closer to customers include reducing low-latency, decreasing data costs, and complying with laws that require data to remain in a specified geographical location. Additionally, businesses are not accountable for managing their cloud when using distributed cloud, which can be an expensive and elaborate responsibility.</span></p><p><span style="font-weight: 400;"> </span></p><h4><b>5) Anywhere Operations</b></h4><p><span style="font-weight: 400;">Anywhere operations is an IT model that allows businesses to operate&#8230;from anywhere. This means employees can work remotely and companies can operate from nearly anywhere in the world, and still complete their tasks. However, this does not mean that employees and businesses must always be remote. </span></p><p><span style="font-weight: 400;"> </span></p><p><span style="font-weight: 400;">Anywhere operations require businesses to become digital-centric. This means digital processes and operations should be the default for organizations. Therefore, business is less likely to be interrupted due to things such as social distancing guidelines and inclement weather. Lastly, physical stores still have a place in business, but the stores should adopt digital processes like contactless payment. Anywhere operations minimizes downturns in business due to foreseen and unforeseen circumstances (such as COVID-19).</span></p><p><span style="font-weight: 400;"> </span></p><h4><b>6) Cybersecurity mesh</b></h4><p><span style="font-weight: 400;">An increase in remote workers equates to more opportunities for online security to be compromised. Cybersecurity mesh allows users to safely access digital information, files, and assets securely from anywhere geographically. </span><span style="font-weight: 400;"> </span></p><p> </p><p><span style="font-weight: 400;">To create a cybersecurity mesh, companies need to take security measures outside of the ‘normal’, physical location where information was originally intended to be accessed&#8230;which in most cases is the company office(s). To do so, businesses should implement scalable cloud models that set user identity as the security parameter. This way, employees can securely access company information and assets anywhere around the globe without worrying about data leaks. </span></p><p><span style="font-weight: 400;"> </span></p><h4><b>7) Intelligent Composable Business</b></h4><p><span style="font-weight: 400;">Successful businesses can quickly adapt their processes, operations, and model based on data. Therefore, intelligent composable business means as technology continues to transform, it is vital that companies:</span></p><p> </p><ul><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Have greater access to all pertinent information.</span></li><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Gather more insightful findings from the information.</span></li><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Adapt their model based on their findings.</span></li></ul><p> </p><p><span style="font-weight: 400;">Furthermore, autonomy will be essential in helping companies quickly adapt so outdated processes do not delay businesses. Find out more information on automation by reading trend nine below. </span></p><p><span style="font-weight: 400;"> </span></p><h4><b>8) AI Engineering</b></h4><p><span style="font-weight: 400;">Gartner’s findings reveal that only 53% of artificial intelligence projects make it from prototype to production. Therefore, many AI projects appear to lack resources, scalability, and internal company support.</span><span style="font-weight: 400;"> </span></p><p> </p><p><span style="font-weight: 400;">That’s where AI engineering comes into the equation. The foundation of AI engineering is made of three pillars &#8211; DataOps, ModelOps, and DevOps. Thus, AI engineering is essentially lifecycle management for artificial intelligence projects. More planning, strategy, team-members, financial backing, etc., increases the likelihood of AI projects making it to production. Therefore, giving the AI projects a chance to make a profit. Also, it’s important to note that once an AI project does come to production, it is easier for the product to evolve as new technology and findings are revealed. </span></p><p><span style="font-weight: 400;"> </span></p><h4><b>9) Hyperautomation</b></h4><p><span style="font-weight: 400;">As Gartner’s top tech trend of 2020, hyperautomation landed another spot on this year’s list. Hyperautomation is automating anything in a business that can be automated. If processes are left un-automated, companies are likely operating less efficiently than they could be and are therefore missing out on profit. Working at less than optimal efficiency also makes organizations more susceptible to falling behind competitors. </span></p><p><span style="font-weight: 400;"> </span></p><h4><b>Conclusion</b></h4><p><span style="font-weight: 400;">Businesses in all industries can implement these tech trends, not just companies in the technology sector. Furthermore, companies can cherry-pick which trends they wish to implement in their business. However, it is essential to note that technology tends to be more efficient and successful when combined with other technologies. </span></p><p> </p><p><span style="font-weight: 400;">Which tech trends do you think will be the most vital during 2021? Let us know in the comments below. Interested in learning more about how technology can help your business? Contact us at info@quantilus.com for a consultation to learn how we can help.</span></p>						</div>
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		<title>Natural Language Processing Explained</title>
		<link>http://email.quantilus.com/article/natural-language-processing-explained/</link>
		
		<dc:creator><![CDATA[Amabel Ryan]]></dc:creator>
		<pubDate>Sat, 15 Aug 2020 21:33:05 +0000</pubDate>
				<category><![CDATA[AI Technology Updates]]></category>
		<category><![CDATA[Article]]></category>
		<category><![CDATA[Artificial Intelligence]]></category>
		<category><![CDATA[Natural Language Processing]]></category>
		<guid isPermaLink="false">https://quantilus.com/?p=9268</guid>

					<description><![CDATA[Discover the world of Natural Language Processing (NLP) and how it revolutionizes human-computer interaction. From voice assistants like Alexa and Siri to sentiment analysis and machine translation, explore the uses and advantages of NLP technology. Learn how deep learning enables computers to understand language and anticipate user intentions, paving the way for a more intuitive and efficient future in technology.]]></description>
										<content:encoded><![CDATA[		<div data-elementor-type="wp-post" data-elementor-id="9268" class="elementor elementor-9268" data-elementor-post-type="post">
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			<h1 class="elementor-heading-title elementor-size-default">Natural Language Processing Explained</h1>		</div>
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										<time>August 15, 2020</time>					</span>
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							<p>Prefer to listen instead? Here’s the podcast version of this article.</p>						</div>
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							<p>Computers were invented to interact with humans. These machines have always functioned by receiving commands from a user and performing a task accordingly. In the past, those tasks were relayed through code, or in the case of the earliest computers back in the 1970s, a punch card. But times change, and as technology advances, so too does the means by which we communicate with the technology. That’s where Natural Language Processing comes into play.</p><p><br></p>
<p>Natural Language Processing, or NLP, allows computer programs to understand spoken or written language. It is an advancement in the field of artificial intelligence.</p><p><br></p>
<p>The main issue surrounding the inability of humans and computers to interact seamlessly was a language barrier. Machines do not speak the same language as us. They understand binary code, which is a series of millions of ones and zeroes that instruct a computer in completing their tasks. Systems have been set up where, with the press of a button or the click of a mouse, computing language is relayed at the speed of light, allowing machines to understand our wishes.</p><p><br></p>
<p>That has all changed with the birth of NLP. We’ve all experienced advancements in this field. From Amazon’s Alexa, to Google Assistant, to Apple’s Siri, we now communicate with technology directly on an everyday basis.</p><p><br></p>
<p>“Alexa, order a new set of lightbulbs.”</p>
<p>&#8220;Ok Google, where is the best Chinese food near me?”</p>
<p>“Hey Siri, what song is this?”</p><p><br></p>
<p>Through the advancement of NLP, we’re always just a sentence away from the information and actions that we want. But how does NLP work? What other uses does it have? What advantages can we expect to see from this technology in years to come?</p><p><br></p>
<h4><strong>How Does NLP Work?</strong></h4>
<p>NLP currently works through a process called deep learning. Deep learning has the artificial intelligence look at data patterns to deepen its understanding of language. Huge amounts of labeled data are inputted to help the system identify relevant correlations. Language is broken down into shorter elemental pieces in order to teach the machine to understand their relationships and how they work together. By doing this, the computer can ascertain the meaning behind a sentence.</p>
<p>Some of these data pieces include:</p><p><br></p>
<ul>
<li><strong><em>Categorization</em></strong>: This is a document summary based on linguistics. It includes indexing and searching, detection of duplicates, and content alerts.</li>
<li><strong><em>Modeling and Topics</em></strong>: This helps machines understand the themes and meanings within a collection of text. They then take that meaning and approach it from an advanced analytical standpoint.</li>
<li><strong><em>Context</em></strong>: Computers gain the ability to pull specific contextual information from the text.</li>
<li><strong><em>Sentiment</em></strong>: Systems can understand the mood behind text. It analyzes the opinions expressed.</li>
<li><strong><em>Speech-To-Text</em></strong>: This is a back and forth system that allows a machine to take a voice command and transform it into text. It also allows the computer to take written text and relay it vocally.</li>
<li><strong><em>Summarization</em></strong>: Allows the computer to create a synopsis of a large text body.</li>
<li><strong><em>Machine Translation</em></strong>: The computer can automatically translate text or speech from one language into another.</li>
</ul><div><br></div>
<p>Deep learning represents a more fluid and intuitive approach to learning. By understanding the intention of the users, computers are able to learn language in the same way a child would. A human toddler listens to language, ascertains its meaning, and relays it back through a series of trial and error until fluency is achieved. NLP works in the same way, only in a much faster way.</p><p><br></p>
<h4><strong>What are the Uses of NLP?</strong></h4>
<p>Does NLP have a higher purpose beyond just telling you the movie times or reading off Yelp reviews? Of course, it does.</p><p><br></p>
<p>Search is the main function of NLP right now. We use many of the services mentioned above to find the information that we need. Whether that’s some arbitrary fact you and a friend are arguing over or a piece of information you need for a research project, searching via voice is far easier and more effective than manually inputting information.</p>
<p>When you ask your phone a question the machine is able to isolate the most important elements of your query. That’s why voice searches are usually so fast.</p><p><br></p>
<p>NLP can also be used to digitize hard copy information, making it easy to analyze and search for. Whereas previously, a human operator would have to manually input all of the information, telling the computer what it all means and how to file it, NLP allows the system to understand the text on its own and file it accordingly.</p><p><br></p>
<p>Using the sentiment analysis discussed in the last section, businesses could have a better understanding of how their customers feel about their product or service. Computer systems can analyze large amounts of online comments and reviews to determine whether a business is succeeding or failing in the public eye.</p><p><br></p>
<h4><strong>Looking Ahead</strong></h4>
<p>Natural Language Processing is the future of technology. We’ve already come so far since the creation of the first virtual assistant programs. Many of us entrust artificial intelligence with vital tasks like keeping track of our schedules. As we continue to deepen and enrich artificial intelligence programs, we can be sure that NLP will have a strong place in our daily lives for years to come.</p>						</div>
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