Archive for the ‘Artificial Intelligence’ Category

How Artificial Intelligence is Transforming the Real Estate Space – PR Web

Residential Real Estate in the United States is in aggregate a $45 trillion space. As such, reliable, intelligent, timely, accurate, and usable data in real estate is vital not only to this vertical but to the entire economy." - Malcolm Cannon

LOS ANGELES (PRWEB) February 05, 2022

Reliance on multiple data points, from historic prices and trends to property ownership data, is nothing new. However, the data that we use to make our housing choices have become increasingly sophisticated. Quantariums valuation models provide property valuations through a self-learning AI engine. Quantariums advances in Computer Vision (CV) technology is allowing AVM to transcend historical constraints; understanding their journey and the impact of AI is critical to the future of real estate.

Quantarium is a leading producer and purveyor of value-added data in residential real estate. Their data and analytics scientists and experts illustrated great innovation in their approach to building the industrys leading RE data lake, so it is a team-wide validation to receive this distinction. When asked what the potential of this space is, Cannon explained: Residential Real Estate in the United States is in aggregate a $45 trillion space. In addition, homes are the most vital and valuable of most families investments/assets. As such, reliable, intelligent, timely, accurate, and usable data in real estate is vital not only to this vertical but to the entire economy. PropTech, as the area has been called, is a booming industry and were happy to not only be in the space but also to enhance the stories of other players.

Quantariums product and customer journey is an interesting look at how artificial intelligence plays a role in real estate. They started as an idea and ended up building the leading Automated Valuation Model, AVM, that still breaks the tape in the AVM race. They leveraged their knowledge and experience to build a Data and Search platform for real estate, powered by the most comprehensive data lake in the industry. By emphasizing the platform aspect, they could power any company that leverages residential real estate data, from mortgage companies to banks to insurance.

There is a lot of talk in the data industry about technology versus people, from the benefits of consistency and efficiency to the reduction of bias in housing prices and access. When Cannon was asked about this, he answered that Quantarium has never been purely technocratic, despite the fact that it is an AI company: We, like anyone, would affirm the unquestionable importance of human wisdom in all parts of society, including this vital area of the economy. Often, the debate is cast in binary terms, which we reject. Increasingly, it would appear the industry will benefit from, and work towards, an equipoise in understanding both the methods and instruments through which human wisdom and tasking are best applied and those areas in which machine learning technologies can be best advantaged we see the growing confidence in the category of hybrid valuation products as evidence of this.

Cannon understood the importance of implementing this knowledge in this specific area of technology, which is why Quantariums Translucent A.I. is embedded in their Valuation Services Platform (QSVP) as an asset for human-assisted and enhanced technologies. It was intentionally constructed this way. Quantariums translucent A.I.-based technologies provide an auditable line of sight to offer the optimal platform for professional human input integration, as needed, towards maximum possible results. In fact, this should be the expectation; most computerized airplanes and spacecraft still provide manual controls for takeoff and landing, for instance. In other areas such as AVMs Quantariums advances in Computer Vision (CV) technology, AVM is now transcending historical constraints. These AVMs are crossing the threshold of not being able to understand property condition or see inside the structure to account for value adjustments other than assuming a static coefficient of average condition for the year built. Moreover, the fidelity of Quantariums CV can detect and eliminate occupants photos and other iconography that may be humanly interpreted to indicate racial, or ethnic identities that could consciously, or unconsciously introduce unwarranted subjectivity in the valuation, or QC process.

This being said, it was important to Cannon to elaborate on the challenges of AI in addressing bias. At the end of the day, the challenge for AI to assist in addressing bias will need to be understood. Certain axioms remain, particularly about any technology being only as effective as the data it relies upon. Quantarium remains ever cognizant of this. Consequently, it understands that models rely on trailing data and that data unavoidably, at this juncture, has suffused within, whatever prior human biases contributed to skewed valuations. With this understanding in hand, Quantarium refrains from making any announcements regarding AVMs eliminating bias in valuation it is disingenuous and the challenge to eradicate this will take more than just technology. Can it be an asset in addressing the challenge? Absolutely and Quantarium is making significant R&D investments, with a focus on assisting the industry in addressing the challenge.

Certainly, evidence for racial bias in real estate exists. But while technology is often considered a neutral tool, the data it relies on has bias built into it. So real estate data providers have a lot more work to do to identify and eradicate bias, and AI is an important part of that process. Quantarium has already devoted R&D resources to this area.

Cannon is now looking towards the future and thinking about his vision for Quantarium in 2022. Like with all companies, Quantarium has had to adjust to the realities of a Covid economy and the impact that has wrought on the global business climate. Despite this, they are able to focus on strong tailwinds, such as Machine Learning, Computer Vision (CV), and Data Innovation. These tailwinds are in demand as they play a larger part in the future of both the commercial markets and the regulatory environment. Moreover, Quantarium has made a mark in several areas of this space and as a result are fortunate to have a set of relationships with incredible experts across the industry, including in the newly burgeoning PropTech space. Cannon explains, then, that their vision is to provide our quickly expanding customer adoptions with innovation and rapid deployments of proficiency technologies, spanning from our new Computer Vision APIs and Valuation services, through to our Smart Market Explorer within the Quantarium TerraVerse to help our customers navigate the industry challenges ahead. More on that soon!

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How Artificial Intelligence is Transforming the Real Estate Space - PR Web

Artificial Intelligence in Journalism: Where is Media Headed? – Analytics Insight

In todays world which is ruled by digitisation, technology is powering journalism. Artificial intelligence involved jobs accounts to around 10-12% of the total functionalities in the industry.

Machine-Written Articles: AI can help human reporters in more complex work, such as long-form articles, in-depth analyses and investigative journalism. AI-written articles are currently limited to simple and formulaic topics including stock market results, sports game scores, etc.

Transcribing Audio and Video Interviews: AI can save reporters valuable time by transcribing audio and video interviews. It converts audio data into text so that journalists can focus on deriving insights rather than transcribing audio or video interviews.

Flagging Alerts: AI can examine large databases and send journalists alerts as soon as a trend or anomaly emerges from big data. It can provide content producers and publishers tools to identify fake news and lessen their impact on their readership.

Powering Journalistic Processes: AI systems can improve journalistic processes and workflows. It can help organizations streamline their distributed processes for gleaning information, contacting sources and backend operations like dealing with the advertisers.

Controls bias:Bias is a global issue and news media have no escape from it. However, AI assists in reducing the subjective interpretation of the data of the human as its machine learning algorithms are trained to consider accuracy.

Robot as news reporters:Despite invading manufacturing, healthcare and marketing industry, robots are now in newsrooms as well. Chinas state-run Xinhua News Agency made a breakthrough by deploying a robot as English AI Anchor.

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Analytics Insight is an influential platform dedicated to insights, trends, and opinions from the world of data-driven technologies. It monitors developments, recognition, and achievements made by Artificial Intelligence, Big Data and Analytics companies across the globe.

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Artificial Intelligence in Journalism: Where is Media Headed? - Analytics Insight

Leading Artificial Intelligence Company ThirdEye Gen Shows Unlimited Applications of Their Technology – Digital Journal

Leading Artificial Intelligence (AI) and AR/MR company ThirdEye Gen is at the cusp of an innovative breakthrough, as it launches a wearable computing tech that will change the landscape of tech-based experiences.

In recent times, ThirdEyes enterprise has released a set of smart glasses, which look to provide warehouses with more imaginative ways to transform their picking processes, inventory management, and warehouse navigation to make it more efficient. Their platforms serve and support enterprise organizations and various workers in field service, healthcare, first response teams, aerospace, defense, transportation, utilities, and energy to become more effective and productive on mission-critical tasks. In addition, the companys inventions create the next generation of Mixed Reality Glasses and augmented/mixed reality software. At home and in business, AR is changing how people see the world.

ThirdEyes smart glasses bring about a new age of hands-free wearable computing and human interaction by directly interacting with surrounding objects placing interactive and digital information directly into the users field of view.

Nick Cherukuri is an American technology entrepreneur and the founder and current CEO of ThirdEye Gen. In 2019, Cherukuri was named in the Forbes 30 under 30 for enterprise technology.

ThirdEye was recently identified as a critical player in Industrial ITs AR market study titled, Global Augmented Reality Technology Market Scope 2022-2027: Industry Growth, Business Opportunity, and Leading Players. The study analyzes market data from 2016 to 2020, provides forecasts until 2026, and addresses AR market trends and drivers.

We are taking AI & AR to new heights, says the founder of the ThirdEye Gen. As their first step towards innovations, they have already designed and provided wearable intelligent glasses for healthcare professionals with easy access to digital information, including patient history, test results, and patient care instructions. The smart glasses are being used in hospitals nationwide and helped in the fight against Covid last year.

Say a certain project needs 50 different tasks to complete instead of carrying around a manual or looking down at your phone over and over while you need to use your hands to work, now you can be hands-free and get the entire task checklist displayed live in your field of view. In addition, you can mark each task as completed, and the team [on-site or at the home office] can also see the progress on a task, explains the innovative CEO of ThirdEye.

With their recent breakthroughs and upcoming tech releases, they are attracting the Metaverse NFT holders, tech geeks, and other affiliates. ThirdEyes headset design is sleek, comfortable, and not bulky. They ensured that their design was gathered from the market and customer research, ensuring that their gears were one size fits all.

Nick and the ThirdEye Teams prioritization of design and user needs helped align and design products on a user-first basis. Next, Nick hopes to start exploring the growing market of Crypto and NFT. But for now, he and his team will focus on becoming known in every home in the world through their tech-based innovations.

Media ContactCompany Name: Third Eye GenContact Person: Odirin AdidiEmail: Send EmailPhone: 9292403745Country: United StatesWebsite: http://www.thirdeyegen.com

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Leading Artificial Intelligence Company ThirdEye Gen Shows Unlimited Applications of Their Technology - Digital Journal

Global Wearable Artificial Intelligence (AI) Market Projected To Reach About To $42.34 Billion by end of 2026 | Exclusive Report by Esticast Research …

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Global Wearable Artificial Intelligence (AI) Market Projected To Reach About To $42.34 Billion by end of 2026 | Exclusive Report by Esticast Research ...

DOD Debuts Office to Help It ‘Move Faster’ on Artificial Intelligence – Nextgov

The Defense Departments Chief Digital and Artificial Intelligence Office, a new hub to align disparate AI-centered pursuits across the vast enterprise, officially reached initial operating capacity this weekbut much must still be puzzled out before its totally realized this summer.

John Sherman, DODs recently Senate-confirmed chief information officer, will play a major role in seeing it through. Hes taking the offices lead as acting chief digital and AI officer until the department completes its search for the right person to fill this first-of-a-kind position.

In addition to getting the OCDAO up and running for [full operational capacity], rest assured we'll remain laser-focused on our CIO dutiescybersecurity, digital modernization and other areas the department relies on us for, Sherman told reporters during a press call on Wednesday. We're not taking our eye off the ball.

He and two other senior defense officials shared fresh details about the new units establishment and what its ultimately meant to accomplish. Two memorandums signed by Deputy Defense Secretary Kathleen Hicks on Tuesday and released on Wednesday also provide further clarity on the OCDAOs functions.

The Pentagon in December announced plans to stand up this central office to underpin the integration and synchronization of all data- and AI-associated work, which is primarily led by DODs Joint AI Center, office of the chief data officer and Defense Digital Service. Officials intend for the tedious reorganization to eventually provide DOD with end-to-end cohesion from the time data is captured, to when it's used for advanced analytics.

The deadline for initial operating capacity set for Feb.1, was met this week. Now, officials are working to reach full capacity by June 1.

Let me just note that the goal here is for data, and data analytics and AI to enable faster and better decision-making, and therefore military advantage from campaigning to conflict, a senior defense official explained. As many of you know, China, in particular, is investing aggressively and using these capabilities to offset traditional U.S. advantages, and this is a key part of our efforts to match that pacing threat.

A memo to Defense leadership announcing that the office reached IOC on time also highlights some of what it will be responsible for during this phase. It notes that officials will need to oversee DODs strategy development and policy formulation for data, analytics and AI; break down barriers to technology adoption; produce an enabling infrastructure for digital solutions; and selectively scale existing assets for enterprise and joint use cases for Pentagon components.

On the call, officials said theyre also working at this point to help create a greater sense of team among the components involved.

Multiple shifts additionally need to be hashed out before the OCDAO can come to full fruition.

For instance, the IOC memo asserts that the DODs chief data officer will continue to report to the CIO for now, in compliance with the 2020 National Defense Authorization Actbut the supporting data office will transfer to the OCDAO. The CDAO is directed in the memo to draft a legislative proposal to permit the CDO to report up to the new office down the line.

The document also confirms that the CDAO has assumed the existing authorities of its component organizations, and the OCDAO is now considered their successor.

Further, it requires DODs CDAO to steer a comprehensive review of all authorities and governance structures connected to DOD data, analytics and AIand provide recommendations for updates to Pentagon leadership by May 1.

Officials on the call noted that, so far, Congress members have been supportive of this ongoing initiative, and are looking forward to DOD moving faster in this technological realm.

I think we have very much appreciated the bipartisan collaborative nature of these engagements with Congress. This is an area where I think in a very polarized time there's just a lot of sort of joint problem solving and figuring out how we can make more rapid progress, a senior defense official said. Theres a lot of good ideas coming from experts and staffers on the Hill on where we can start looking for opportunitiesand we look forward to continued engagement with them.

In a separate memo also published Wednesday, the department also sheds light on how this new CDAO role differs from but will work with other DOD positionssuch as the CIO and undersecretaries for research, engineering and policy, among others. The hub will clarify and codify its final role within its chartering directive due this summer.

During the call, a senior defense official confirmed the CDAOs office will have an initial budget of about $500 million and include about 200-to-300 employees from across the massive enterprise.

It really is a collective ecosystem, Sherman said. We had the parts of it, but were putting it together in a way we havent before to deliver that decision advantage that our leaders need.

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DOD Debuts Office to Help It 'Move Faster' on Artificial Intelligence - Nextgov