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Yes it is. Allow be to boast, but over the last 4 years I have implemented automated credit decision systems replacing human credit analysts and event recommend

Yes it is. Allow be to boast, but over the last 4 years I have implemented automated credit decision systems replacing human credit analysts and event recommendation systems categorizing 3,000,000 events only on the description. The power these new technologies have is on the same scale as fire and electricity.

xversilov 9y ago
What's your educational background? I have been following the field closely for the past five years, and I am starting to feel like staying in application development is a dead end unless I start learning AI and Machine Learning concepts at a deeper level.
- jsemrau 9y ago
  If you have an affinity for math specifically Linear Algebra and Applied Statistics most of the concepts are quite straightforward to understand. When building credit scorecards, the main point during a project is to find out which characteristics rank.
DrScump 9y ago
Is the primary advantage of these systems over human deciders that they make better decisions or that they can be sold as being free of bias in ending?
- jsemrau 9y ago
  No model is free of bias. They are still trained by humans. But they make it faster, 24/365, and with a similar degree of accuracy.
  - SirLJ 9y ago
    Absolutely agreed, I have been building stock trading robots for years, but this is not AI, but automation. AI would be the computer to build me one money making robot from scratch...
- nostrademons 9y ago
  I'd think that the primary advantage is they don't require paying salaries.
  - jsemrau 9y ago
    Same as not requiring people to manually turn on the gas lights in the evening.
    - jsemrau 9y ago
      Maybe adding to that is that is that from a practitioners point of view AI is marketed heavily because most of the large tech companies can increase higher utilization rates of their infrastructure [1]https://e27.co/innovative-cognitive-services-new-oil-begun-realising-impact-lives-20170410/ https://e27.co/innovative-cognitive-services-new-oil-begun-r...

xversilov 9y ago

What's your educational background? I have been following the field closely for the past five years, and I am starting to feel like staying in application development is a dead end unless I start learning AI and Machine Learning concepts at a deeper level.

jsemrau 9y ago
If you have an affinity for math specifically Linear Algebra and Applied Statistics most of the concepts are quite straightforward to understand. When building credit scorecards, the main point during a project is to find out which characteristics rank.

DrScump 9y ago

Is the primary advantage of these systems over human deciders that they make better decisions or that they can be sold as being free of bias in ending?

jsemrau 9y ago
No model is free of bias. They are still trained by humans. But they make it faster, 24/365, and with a similar degree of accuracy.
- SirLJ 9y ago
  Absolutely agreed, I have been building stock trading robots for years, but this is not AI, but automation. AI would be the computer to build me one money making robot from scratch...
nostrademons 9y ago
I'd think that the primary advantage is they don't require paying salaries.
- jsemrau 9y ago
  Same as not requiring people to manually turn on the gas lights in the evening.
  - jsemrau 9y ago
    Maybe adding to that is that is that from a practitioners point of view AI is marketed heavily because most of the large tech companies can increase higher utilization rates of their infrastructure [1]https://e27.co/innovative-cognitive-services-new-oil-begun-realising-impact-lives-20170410/ https://e27.co/innovative-cognitive-services-new-oil-begun-r...