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Elder Research is a recognized leader in the science, practice, and technology of advanced analytics. Topics on our blog cover analytics tips, analytical modeling, data and text mining tools, data visualization, analytics best practices, case studies, etc. to provide business leaders with actionable information on real world analytics problems.
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Subscribe to Elder Research Data Science and Predictive Analytics Blog
Be Smarter Than Your Devices: Learn About Big DataWhen Apple CEO Tim Cook finally unveiled his company’s new Apple Watch in a widely-publicized rollout, most of the press coverage centered on its cost ($349 to start) and whether it would be as popular among consumers as the iPod or iMac. Nitin Indurkhya saw things differently....
When Apple CEO Tim Cook finally unveiled his company’s new Apple Watch in a widely-publicized rollout, most of the press coverage centered on its cost ($349 to start) and whether it would be as popular among consumers as the iPod or iMac. Nitin Indurkhya saw things differently.
The Case for Government Investment in Analytics
Government stands to gain $1 trillion globally from using data analytics.1 Few government data teams have the resources to document their value, but those that do can show as much as eight-to-one return on their cost. There is significant non-financial benefit as well, as public faith in government may improve when saving time and money is paired with increased transparency and accountability. ...
Government stands to gain $1 trillion globally from using data analytics.1 Few government data teams have the resources to document their value, but those that do can show as much as eight-to-one return on their cost. There is significant non-financial benefit as well, as public faith in government may improve when saving time and money is paired with increased transparency and accountability.
Determining Federal Grant Recipient Fraud Risk
Elder Research partnered with Excella Consulting to build an end-to-end grant risk estimation solution in the client’s AWS cloud. It used text mining and document classification to extract CPA Findings from audit reports and assign risk scores to federal grant recipients....
Elder Research partnered with Excella Consulting to build an end-to-end grant risk estimation solution in the client’s AWS cloud. It used text mining and document classification to extract CPA Findings from audit reports and assign risk scores to federal grant recipients.
Better NLP Models: OpenAI GPT-2
I’ve been told that, in conversation, I jump in and finish other people’s sentences for them. Now there’s an app for that: GPT-2 released by OpenAI, founded by Elon Musk. GPT-2 is a natural language program that, given a prompt, will write (mostly) intelligible content. OpenAI's stated mission is “to ensure that artificial general intelligence (AGI) … benefits all of humanity.” Natural Language Processing (NLP) includes applications such as text classification, language creation,...
I’ve been told that, in conversation, I jump in and finish other people’s sentences for them. Now there’s an app for that: GPT-2 released by OpenAI, founded by Elon Musk. GPT-2 is a natural language program that, given a prompt, will write (mostly) intelligible content. OpenAI's stated mission is “to ensure that artificial general intelligence (AGI) … benefits all of humanity.” Natural Language Processing (NLP) includes applications such as text classification, language creation, answering questions, language translation, and speech recognition.
Why Machine Learning Is the Coolest Science
The absolutely coolest thing in science and engineering is machine learning, when computers learn from the experience encoded in data. I shall now support that hypothesis.
The absolutely coolest thing in science and engineering is machine learning, when computers learn from the experience encoded in data. I shall now support that hypothesis.
Investment Modeling Grounded In Data Science
Elder Research has solved many challenging and previously unsolved technical problems in a wide variety of fields for Government, Commercial and Investment clients, including fraud prevention, insider threat discovery, image recognition, text mining, and oil and gas discovery. But our team got its start with a hedge fund breakthrough (as described briefly in a couple of books1,2), and has remained active in that work, continuing to invent the underlying science necessary to address what is...
Elder Research has solved many challenging and previously unsolved technical problems in a wide variety of fields for Government, Commercial and Investment clients, including fraud prevention, insider threat discovery, image recognition, text mining, and oil and gas discovery. But our team got its start with a hedge fund breakthrough (as described briefly in a couple of books1,2), and has remained active in that work, continuing to invent the underlying science necessary to address what is likely the hardest problem of all: accurately anticipating the enormous “ensemble model” of the markets.
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