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The Fundamentals of Natural Language Processing and Natural Language Generation

Natural Language Processing (NLP) and Natural Language Generation (NLG) have gained importance in the field of Machine Learning (ML) due to the critical need to understand text, with its varying structure, implied meanings, sentiments, and intent. Natural Language Processing and Natural Language Generation have removed many of the communication barriers between humans and computers by […]

First Data Launches New Merchant Solution to Prevent Fraud Across All Commerce Channels

by Angela Guess According to a recent press release, “First Data, a global leader in commerce-enabling technology, today announced the launch of Fraud Detect, a comprehensive fraud solution for merchants around the world. Fraud Detect leverages artificial intelligence and machine learning, fraud scoring, cybersecurity intelligence, and information from the Dark Web to provide merchants with […]

Machine Learning Algorithms Today: Usage and Results

Machine Learning algorithms can predict patterns based on previous experiences. The overarching practice of Machine Learning includes both robotics (dealing with the real world) and the processing of data (the computer’s equivalent of thinking). These algorithms find predictable, repeatable patterns that can be applied to eCommerce, Data Management, and new technologies such as driverless cars. […]

Mastercard Rolls out Artificial Intelligence across Its Global Network

by Angela Guess A new press release reports, “Mastercard today introduced Decision Intelligence, a comprehensive decision and fraud detection service. The solution uses artificial intelligence technology to help financial institutions increase the accuracy of real-time approvals of genuine transactions and reduce false declines. This is the first use of AI being implemented on a global […]

iovation Launches Sophisticated Machine Learning Fraud Detection Solution

by Angela Guess A recent press release reports, “iovation, the leading provider of device-based solutions for authentication and fraud prevention, today announced the launch of iovationScore. The unprecedented scale of iovationScore’s global device network along with its highly advanced use of adaptive algorithms make iovationScore the industry’s most robust machine learning fraud detection solution. It […]

IBM Business Analytics Software Saves Insurance Co. $2.4M in 4 Months

by Angela Guess IBM today announced that Santam, the leading short term insurance company in South Africa, has already saved $2.4 million on fraudulent claims since implementing IBM’s business analytics software four months ago. According to the article, “The analytics software has enhanced Santam’s fraud detection capabilities and also enabled faster payouts for legitimate claims.” […]

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