InCred Finance, a Mumbai based financial company has appointed Philipp Orgler, who holds 20 years of experience in financial analytics, for developing AI and ML tools. Orgler has headed the dept of structured products at Barclays Capital, ran structured notes business at Mizuho, worked with Deutsche Bank and done analytics work for Rokos. He is masters in Theoretical Physics from Karl-Franzens University and did research in Mathematical Physics at the University of Tokyo after graduation.
Golang, C# (C-Sharp), specialisation in Hadoop and ML jobs are the top-paying profiles earning Rs 24-35 lakh per annum, as per a Randstad study. These jobs saw an avg rise of 25-30% in salaries between 2019 and 2020. Bengaluru is the highest paying metropolis across the junior, mid and senior-levels with an avg salary of 16-20% higher than peers. IT and Internet and e-commerce top the list in terms of the industry pay package.
Cognizant has acquired a UK-based consultancy firm specialising in AI, ML and data analytics Inawisdom for an undisclosed amount. This is Cognizant’s ninth acquisition in 2020 to expand capabilities in data and artificial intelligence, cloud, digital engineering, and the Internet of Things. It has invested over $1.1 bn this year for acquisitions in these areas. Inawisdom delivers cloud-native, full-stack solutions leveraging an analytics and ML platform built using AWS.
The UP govt has joined hands with USA’s Austin University for courses in artificial intelligence, machine learning, cybersecurity and data analytics for the state students. The students will get a certificate or degree from the varsity which is recognised in over 65 nations. The course fees will be shared jointly by the university and the UP govt. An MoU between technical education department of UP govt and the Austin University has been signed on Wednesday.
Intel has unveiled a new machine programming research system that can autonomously detect errors in code. The system called ControlFlag trained and learned defects on over one billion unlabeled lines of production-quality code. Software developers, as per experts, spend approximately 50% of the time debugging. It’s estimated that of the $1.25 tril that software development costs the IT industry every year, 50% of it is spent in debugging.
AI, Machine learning, 5G and IoT would be the most important technologies in 2021, according to a new study by the IEEE. Manufacturing, healthcare, financial services and education sectors would have the maximum impact of IT. The results are based on a survey of CIOs and CTO in the US, the UK, China, India and Brazil. Half of those surveyed see the biggest challenge as dealing with aspects of COVID-19 recovery in relation to business operations.
Global firms are using artificial intelligence as a tool to neutralise sophisticated cyber attacks to become more resilient, said Wipro in its 4th annual state of cyber security report. During the past four years, the report said, there has been an increase of 49% on cyber security related patents focussing on AI and machine learning. The report revealed that 86% of all nation-state attacks fall under “espionage” category, of which 46% are targeted towards private firms.
Researchers at the University of Illinois Urbana-Champaign have developed a new method that brings physics into the machine learning process to make better turbulence predictions. The new ML-based method will help engineers predict whether or not a design involving turbulent flow will work for their goals. They will be able to make a change, run it again to get a prediction of heat transfer or lift, and predict if their design is better or worse.