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Three Types of Machine Learning and AI companies that exist today

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According to Auren Hoffman, SafeGraph CEO, on Quora, there are three different types of Machine Learning and Artificial Intelligence companies: The Superrich, the Servicers, and the Innovators.

  1. Superrich: Companies that do machine learning AND have their own data.
  2. Servicers: Companies that do machine learning on other people’s data.
  3. Innovators: Companies that do machine learning and have to get access to data.

All three of these type of companies can be massively successful and each one has a distinct flavor.

The Superrich are companies like Google, Facebook, Baidu, Tencent, Amazon, Microsoft, and others. There are very few of these companies in the world but they have a massive advantage over everyone else in the machine learning space because they have access to vast amounts of clean, structured data. Engineers that do machine learning can do what they do best … predict the future.

The Servicers help other firms make use of large amounts of data. These companies comb through data (sometimes unstructured) and develop insights. These companies are essentially service firms because they work directly with the data of their customers. One of the most successful Servicers is Palantir Technologies which made a name of itself helping government organizations make sense of the data. Salesforce.com also is creating initiatives to do this. Many other companies fit into this mold (for instance, a company that helps airlines optimize its pricing). And any consultancy fits in this category too.

The Innovators — are companies that are working on a specific problem but don’t have access to their own data and are not service-oriented companies that help others. These are companies that want to use data to cure cancer, creating self-driving car technology, and predicting the stock market (like hedge funds). Some of these firms, like Two Sigma Investments and Point72 Asset Management, spend hundreds of millions of dollars on data because unlike the Superrich, they do not generate tons of data themselves. Other good example of Innovators are Cruise Automation (self-driving cars and recently acquired by GM) and Flatiron Health (cancer research). Flatiron Health felt it had to acquire a software services company, Altos Solutions, to get access to raw data. Of course, once these Innovators get the data, they still need to stand it up, clean it, merge it, join it, and do a bunch of ETL.

Summation: As access to data becomes more democratized, we will see more and more Innovators starting and being successful. Today, the Superrich have a big advantage but we should see more Innovators that are focused on a specific solution winning in the future.

[Quora]

Diploma in Cybersecurity Management

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Diploma Programs require successful completion of equivalent 12-week Certificate Programs. Available in Policy, Technology, Management and Digital Forensics, Learners complete 12-week Capstone (project) under instructor supervisions.

The Diploma in Cybersecurity Management is a practical-oriented program where learners are tasked with developing cybersecurity project management capabilities with the guidance of a mentor. Examples include developing cybersecurity implementation frameworks, cybersecurity Center of Excellence charters, cybersecurity management processes, etc.

Learners are encouraged to take on projects which will have real impacts in their organizations. A project report is required at the end of the program. Has Certificate in Cybersecurity Management as a prerequisite. Click the prerequisite Certificate program detailed Table of Contents

Big coding trends to watch in 2017

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Online Gaming: Online games will be big in 2017. Sure consoles will still be in existence and hugely popular at that, but so will games played over the internet. The only difference is that the ones on the internet will be so huge that soon consoles will begin to be obsolete.

 Web development: Anyone doing web development will have to learn from CSS 3 upwards and HTML5 as well. Liquid graphics are in. Beach-side hotels want a website with a wave crashing in the background. They want liquefied tabs. They want to smell the humid salty air that hit their face when they visited Diani last holiday season. Make the website an experience that will sell the dream.

Chrome to run on Android devices: Currently, Chrome runs well on Desktop and particularly well at that. It is not a memory hog like some other browsers and is good on functionality such as Bookmark handling and password keeping. Only issue is that you lose some of this on the installation on mobile. Google are making changes on this though. Expect something better on all devices, including non-Android devices like iPads.

Better web navigation on mobile:  If you are not on mobile, then you are not thinking long-term. Or so the saying goes. Every website will be available on Mobile. There will be a growth in mobile themes for practically all content management systems (CMSs) to enable easy navigation, easy use and the clicks will now largely be generated on mobile browsers.

Why knowledge is the most important modern factor of production

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One of the key subjects in elementary economics is factors of production. You will learn about land, labor, capital and entrepreneur. Without land, in the old industrial economy, it would be very difficult to do business. How can you establish a mill factory where there is no land? Of course, that economic theory has since been updated as technology redesigned our world. Today, knowledge is the most important factor of production.

To compete in the market place, you need ambitious and talented team players to lead your firm. This is what separates iconic, dynamic and successful companies from the laggards. These firms are knowledge organizations. Driven by human intelligence, they live in the domain of innovation and forward-thinking business philosophy. Knowledge brings competitive advantage and creates an ecosystem that sustains market leadership through both creative destruction and disruptive innovation.

For organizations to succeed in this globalizing economy, human talent is very important. Without it, there is no pathway to success. The reason is that technology has reshaped the nature of competition. In the old industrial economy, you can depend on having scale to win the market place. Today, we have noted that innovators with brainpower can disrupt, by relying not, largely on capital, but ideas.

Google was nearly bought by Yahoo when it was rising up. Today, Google can afford to buy Yahoo. Google innovated and was forward-thinking, moving from web to mobile ecosystem while Yahoo was docile and static, focusing on email and news aggregation businesses. Many experts have argued that Yahoo has stalled in innovation because the company is not trendy to attract top talents like in Facebook, Zynga, and Google.

Across industries and markets, we have consistently noted that ideas are developed and scaled by the imagination and determination of man.  This has been as old as civilization. While we can see technology as the instrument for business processes, man remains the anchor and epicenter to make that technology work intelligently. One man sees the cellphone as a device to make a phone call, another sees it as a bank branch office. It is all about understanding the future with the knowledge of the present and using that to create business models that will align with market evolving patterns. You need talented people to do that. If your firm does not recognize that in the trio of People, Processes and Tools (PPT), that the most important element is People, you will not succeed.

I do not see agile firms as being driven by the outdated factors of production. I use PPT because it gets all the important variants I need. Irrespective of your business, it surely has an operation in it and there are tools that help you to execute that operation. That tool could be land, and capital. The People are then the entrepreneur and the labor (your team members) that drive the organization goal.

Interestingly, the Process is what the People have made it using the available Tools. So, it is very strategic that you get the right people to manage that tool if you hope to get your process working. How do you do that? You need to understand that every Innovation is only possible because it is humanly possible. That means you have to position your team to become that one that will make that innovation possible. You need to invest in mentoring and development to help them reach their fullest potentials and create a constant reawakening for all, irrespective of level in your firm, to understand the real power of People.

Specifically for entrepreneurs, they live and succeed by people. That is why the venture funds or private equity firms take time to understand a team, irrespective of the idea. To them: “it is not just the idea, but the people behind the idea”, says a Boston area serial entrepreneur in a private discussion. And he is  right, computers, software, sales, etc are nothing without People. So learn how to invest and maximize the potential of your organization “human element”.

by ndubuisi ekekwe