Jennifer Zaino

Data Innovation, Driven By Semantic Models, Machine Learning And More

VRThe Ventana Research summit took place this week, and semantic and related technologies had a place at the table.

Among the keynoters discussing the topic of Inspiring Business Technology Innovation to Change Business and IT Forever, for example, was Nedshad Bardoliwalla, co-founder and vp of products at data prep vendor Paxata. He discussed the need to rethink how to innovate with data, as that will “drive the biggest increases in value for your organization for the foreseeable future.”

As part of that, he explained that in a world where everything physical on the planet will have a digital representation, businesses should pay attention to factors including the “massive and interesting algorithms around recognition systems, around deep learning, around semantic models that let us understand images and text in ways we never could….Take advantage of those if you are to innovate and bring capabilities to market that change way people think of data.”

Read more

What’s Next In Knowledge-Driven Finance?

4791385567_4a146e78c7_o

Photo courtesy: https://www.flickr.com/photos/free-stock/

Next week in the U. K. members of the financial industry will be coming together at The Universal Strategy: Knowledge-Driven Finance Event, hosted by semantic technology vendor Ontotext. The event, says independent consultant in semantics and event organizer Jarred McGinnis, is aimed at giving participants “a snout to tail view of semantics in finance.”

The use cases, he says, are there, and to that end the panel will include presentations by Financial Times CTO John O’Donovan, who will discuss issues including how the publisher’s semantic approach is driving smarter topic pages. (The event actually takes place at The Financial Times site.) Also scheduled to be present is Mike Bennett, director at Hypercube and Semantics Lead at The EDM Council, which is a cross-industry group developing the Financial Industry Business Ontology (FIBO), and John Schlesinger, Chief Enterprise Architect at Temenos, which develops software for retail banking companies, including solutions that will leverage triple stores.

In a preview of his talk, Bennett spoke to The Semantic Web Blog that about the current state of FIBO affairs.

Read more

Linked Data LEAPS To More Sustainable Energy Sources

leapspixAt the IESD14 (Intelligent Exploration of Semantic Data) challenge at this week’s ISWC 2014, the award was handed out to LEAPS: A Semantic Web and Linked Data Framework for the Algal Biomass Domain. The application is the work of Monika Solanki, while at the Knowledge-Based Engineering Lab at Birmingham City University in the UK.

The motivation, according to slides about the project, relates to the idea that algae biomass-based biofuels could serve as a naturally viable and sustainable energy source alternative to fossil fuels. While many companies, governments and non-profit agencies have been researching the idea, knowledge gathered exists in diverse formats and proprietary databases. What’s lacking has been a knowledge level infrastructure that is equipped with the capabilities to provide semantic grounding to the datasets for algal biomass, the slides note.

Read more

Saffron 10 Cognitive Computing Platform Delivers Anticipatory Thinking

gayleSaffron 10, a major upgrade to Saffron Technology’s cognitive computing platform, debuts today, with new machine learning algorithms that support anticipating outcomes based on patterns found in large amounts of data. (You can read more about the platform and Saffron’s Associative MemoryBase here as well as in this article at our Dataversity sister site.)

One of the new machine learning algorithms is Saffron Universal Cognitive Distance, which the company says is the first non-linear, non-parametric similarity computation for making sense of massive amounts of data without requiring businesses to pre-model the data. The other is Saffron Mutual Information, which the vendor says addresses “sparse data” challenges by making it possible to perform classification with high accuracy on high-dimensional data (with tens of thousands of features).

CEO Gayle Sheppard explains that the focus is on looking for the signals that really matter from the noise of Big Data, as companies “merge outside-in intelligence with inside-out intelligence, increasing the amount of data now available for decision making.” With the new algorithms, the associations the Saffron platform makes among people, places and things data — counting an entity’s frequency and the contexts in which one thing is associated with something else — extends to discovering patterns to anticipate what happens next.

Read more

Web Payments Interest Group Takes Flight

w3cdomainThe World Wide Web Consortium (W3C) has launched an initiative to integrate payments seamlessly into the Open Web Platform, the collection of open technologies such as HTML, HTTP, and various APIs that enable the Web. It’s asking for industry stakeholders, such as banks, credit card companies, governments and others, to join the new Web Payments Interest Group, chaired by Erik Anderson (Bloomberg) and David Ezell (Association for Convenience & Fuel Retailing), to help deepen understanding of challenges and how to meet them with the appropriate solutions to move e-commerce forward, including on mobile devices.

The Interest Group’s goals include improving usability across devices and reducing the risk of fraud, as well as creating new opportunities for businesses and consumers in areas such as coupons and loyalty programs and crypto-currencies. On its agenda is creating a Web Payments Roadmap, determining Web Payments terminology, dealing with payment transaction messaging and identity, authentication and security. As part of its work, the new group is charged with creating a framework to ensure that Web applications can interface in standard ways with all current and future payment methods, and will encompass the full range of devices people use for online payments.

First up, the W3C says, is a focus on digital wallets, “which many in industry consider an effective way to reduce fraud and improve privacy by having users share sensitive information only with payment providers, rather than merchants,” according to the release. “In addition, wallets can simplify transactions from mobile devices and make it easier to integrate new payment innovations.”

Read more

New Partnership Marries Relational Database Querying, Services With Full Text Search

splice-machine-logo-300pxSingular Hadoop RDBMS provider Splice Machine and LucidWorks have entered into a partnership that enables the former’s customers to access and analyze their unstructured data via LucidWorks Search. Splice Machine customers will license one of the industry’s leading offerings of Apache Lucene/Solr separately, but the companies have proved and certified the integration layer that makes full-text, Google-like search on the relational database platform possible.

lworks“Text searching has really come a long way in recent years with platforms like Lucene/Solr,” says Monte Zweben, CEO and co-founder of Splice Machine. “With this relationship you get the best of both worlds – relational database querying and services with full text search.”

Read more

Sentiment Analysis PDF Reports Get Interactive

reportThere’s help available for those looking for a very easy way to share the results of their text and sentiment analytics work. Polyvista, the company behind PolyVista’s text analytics and ChartExpo’s visualization library (covered here), now has another component to add to its pipeline – which already runs unstructured text feedback and survey answers through a text analytics crunching engine, provides a results dashboard, and delivers a charts framework for graphing findings.

Available now is the capability to offer dashboard-free interactive PDF reports that leverage ChartExpo with links that users can click on to go directly to visualizations of results, and vice verse.

Read more

Red Lamba’s AI-Enabled Security Solution Stands Up To Operational Data Volume And Velocity Challenge

RLRed Lambda, a company spun out of the University of Florida, late last month was recognized by The Software & Information Industry Association (SIIA)’s NextGen program for providing the most innovative security solution. SIIA cited its advances in supercomputing, relational stream processing and artificial intelligence as part of its integrated MetaGrid platform and analytics capabilities as highlights for protecting enterprise data.

The rules approach taken by many antivirus and security information management solutions to root out threats based on what was learned in past breaches has its place. But “Red Lambda wants to identify activity and patterns of activity that can be seen as a breach or potential breach,” says company CTO Dan Nieten.

“One of the things neural networking is very useful for is for deep learning and also dealing with unknowns, and cyber-security world is a world where you have to deal with a lot of unknowns.” To battle threats that get past the first lines of defense, more attention is starting to be paid “to use AI, to apply statistical and machine learning methods in the area of security, to identify breaches,” says Nieten, whose own background is in NLP and machine learning. Read more

Blurred Lines: RDBMS Vendors Will Add NoSQL Database Features

forrlogoResearch firm Forrester at the end of September issued its Forrester Wave: NoSQL Key-Value Databases, Q3 2014 report. The report looked at seven enterprise-class vendors in the space: Amazon Web Services, Aerospike, Basho Technologies, Couchbase, DataStax, MapR Technologies, and Oracle.

Noting that the current adoption of NoSQL is at 20 percent and is likely to double by 2017, Forrester principal analyst and report author Noel Yuhanna and his co-authors explain that top use cases for key-value database include social and mobile apps, scale-out apps, Web 2.0, line-of-business apps, big data apps, and operational and analytical apps.

That said, he also notes that the lines between key-value store, document database and graph database NoSQL solutions are blurring, as vendors look to satisfy broader enterprise needs and better appeal to app developers. “Relational database management system vendors, such as Oracle, IBM, Microsoft and SAP, will broaden their current relational database products to include key-value, graph and document features and functionality to deliver more comprehensive data management platforms in the coming years,” the report states.

Read more

Start Your Innovation Engines

Interop New York took place at the Jacob Javits Center in Manhattan last week. The semantic web wasn’t a focus of the show, but innovation had its place among the various keynotes and sessions. And innovation certainly is a theme that goes hand-in-hand with the semantic web.

byzIn that spirit, we’ll share some comments from some of the speakers about how they embraced concepts and argued for changes that they believed would make them more innovative companies – even when that was a scary thing to do. With any luck, their experience, advice and thoughts may give you some direction when it comes to taking your ideas about how semantic web technologies could help your own business become more innovative, and acting on them:

  •  From Michael Bryzek, co-founder and CTO, Gilt: In discussing the e-retailer’s move to a micro-services architecture, which he said supports the concept of autonomous innovation and is part of implementing a culture where employees can thrive, Bryzek told the audience that accepting the risk of failure was the first step.  “Start with the assumption you’ll fail,” he said. “If you want a chance at innovation, that alleviates some of the pressure because we all agree we are going to do something risky and we are in it together now.” There are only so many great companies in the world, and it’s true you might not make it to be among them, but “it sure is fun and great to work together to try and build something amazing.”

Read more

NEXT PAGE >>