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Machine Learning for High-Risk Applications

Machine Learning for High-Risk Applications
Author: Patrick Hall
Publisher: "O'Reilly Media, Inc."
Total Pages: 496
Release: 2023-04-17
Genre: Computers
ISBN: 1098102398

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The past decade has witnessed the broad adoption of artificial intelligence and machine learning (AI/ML) technologies. However, a lack of oversight in their widespread implementation has resulted in some incidents and harmful outcomes that could have been avoided with proper risk management. Before we can realize AI/ML's true benefit, practitioners must understand how to mitigate its risks. This book describes approaches to responsible AI—a holistic framework for improving AI/ML technology, business processes, and cultural competencies that builds on best practices in risk management, cybersecurity, data privacy, and applied social science. Authors Patrick Hall, James Curtis, and Parul Pandey created this guide for data scientists who want to improve real-world AI/ML system outcomes for organizations, consumers, and the public. Learn technical approaches for responsible AI across explainability, model validation and debugging, bias management, data privacy, and ML security Learn how to create a successful and impactful AI risk management practice Get a basic guide to existing standards, laws, and assessments for adopting AI technologies, including the new NIST AI Risk Management Framework Engage with interactive resources on GitHub and Colab


Introducing MLOps

Introducing MLOps
Author: Mark Treveil
Publisher: "O'Reilly Media, Inc."
Total Pages: 171
Release: 2020-11-30
Genre: Computers
ISBN: 1098116429

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More than half of the analytics and machine learning (ML) models created by organizations today never make it into production. Some of the challenges and barriers to operationalization are technical, but others are organizational. Either way, the bottom line is that models not in production can't provide business impact. This book introduces the key concepts of MLOps to help data scientists and application engineers not only operationalize ML models to drive real business change but also maintain and improve those models over time. Through lessons based on numerous MLOps applications around the world, nine experts in machine learning provide insights into the five steps of the model life cycle--Build, Preproduction, Deployment, Monitoring, and Governance--uncovering how robust MLOps processes can be infused throughout. This book helps you: Fulfill data science value by reducing friction throughout ML pipelines and workflows Refine ML models through retraining, periodic tuning, and complete remodeling to ensure long-term accuracy Design the MLOps life cycle to minimize organizational risks with models that are unbiased, fair, and explainable Operationalize ML models for pipeline deployment and for external business systems that are more complex and less standardized


Machine Learning for High-risk Applications

Machine Learning for High-risk Applications
Author: Patrick Hall (Professor)
Publisher:
Total Pages: 0
Release: 2024
Genre: Artificial intelligence
ISBN: 9787576612912

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Risk Modeling

Risk Modeling
Author: Terisa Roberts
Publisher: John Wiley & Sons
Total Pages: 214
Release: 2022-09-27
Genre: Business & Economics
ISBN: 1119824931

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A wide-ranging overview of the use of machine learning and AI techniques in financial risk management, including practical advice for implementation Risk Modeling: Practical Applications of Artificial Intelligence, Machine Learning, and Deep Learning introduces readers to the use of innovative AI technologies for forecasting and evaluating financial risks. Providing up-to-date coverage of the practical application of current modelling techniques in risk management, this real-world guide also explores new opportunities and challenges associated with implementing machine learning and artificial intelligence (AI) into the risk management process. Authors Terisa Roberts and Stephen Tonna provide readers with a clear understanding about the strengths and weaknesses of machine learning and AI while explaining how they can be applied to both everyday risk management problems and to evaluate the financial impact of extreme events such as global pandemics and changes in climate. Throughout the text, the authors clarify misconceptions about the use of machine learning and AI techniques using clear explanations while offering step-by-step advice for implementing the technologies into an organization’s risk management model governance framework. This authoritative volume: Highlights the use of machine learning and AI in identifying procedures for avoiding or minimizing financial risk Discusses practical tools for assessing bias and interpretability of resultant models developed with machine learning algorithms and techniques Covers the basic principles and nuances of feature engineering and common machine learning algorithms Illustrates how risk modeling is incorporating machine learning and AI techniques to rapidly consume complex data and address current gaps in the end-to-end modelling lifecycle Explains how proprietary software and open-source languages can be combined to deliver the best of both worlds: for risk models and risk practitioners Risk Modeling: Practical Applications of Artificial Intelligence, Machine Learning, and Deep Learning is an invaluable guide for CEOs, CROs, CFOs, risk managers, business managers, and other professionals working in risk management.


Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance

Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance
Author: El Bachir Boukherouaa
Publisher: International Monetary Fund
Total Pages: 35
Release: 2021-10-22
Genre: Business & Economics
ISBN: 1589063953

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This paper discusses the impact of the rapid adoption of artificial intelligence (AI) and machine learning (ML) in the financial sector. It highlights the benefits these technologies bring in terms of financial deepening and efficiency, while raising concerns about its potential in widening the digital divide between advanced and developing economies. The paper advances the discussion on the impact of this technology by distilling and categorizing the unique risks that it could pose to the integrity and stability of the financial system, policy challenges, and potential regulatory approaches. The evolving nature of this technology and its application in finance means that the full extent of its strengths and weaknesses is yet to be fully understood. Given the risk of unexpected pitfalls, countries will need to strengthen prudential oversight.


Building Machine Learning Powered Applications

Building Machine Learning Powered Applications
Author: Emmanuel Ameisen
Publisher: "O'Reilly Media, Inc."
Total Pages: 267
Release: 2020-01-21
Genre: Computers
ISBN: 1492045063

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Learn the skills necessary to design, build, and deploy applications powered by machine learning (ML). Through the course of this hands-on book, you’ll build an example ML-driven application from initial idea to deployed product. Data scientists, software engineers, and product managers—including experienced practitioners and novices alike—will learn the tools, best practices, and challenges involved in building a real-world ML application step by step. Author Emmanuel Ameisen, an experienced data scientist who led an AI education program, demonstrates practical ML concepts using code snippets, illustrations, screenshots, and interviews with industry leaders. Part I teaches you how to plan an ML application and measure success. Part II explains how to build a working ML model. Part III demonstrates ways to improve the model until it fulfills your original vision. Part IV covers deployment and monitoring strategies. This book will help you: Define your product goal and set up a machine learning problem Build your first end-to-end pipeline quickly and acquire an initial dataset Train and evaluate your ML models and address performance bottlenecks Deploy and monitor your models in a production environment


Machine Learning, revised and updated edition

Machine Learning, revised and updated edition
Author: Ethem Alpaydin
Publisher: MIT Press
Total Pages: 282
Release: 2021-08-17
Genre: Computers
ISBN: 0262542528

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A concise overview of machine learning--computer programs that learn from data--the basis of such applications as voice recognition and driverless cars. Today, machine learning underlies a range of applications we use every day, from product recommendations to voice recognition--as well as some we don't yet use everyday, including driverless cars. It is the basis for a new approach to artificial intelligence that aims to program computers to use example data or past experience to solve a given problem. In this volume in the MIT Press Essential Knowledge series, Ethem Alpaydin offers a concise and accessible overview of "the new AI." This expanded edition offers new material on such challenges facing machine learning as privacy, security, accountability, and bias. Alpaydin, author of a popular textbook on machine learning, explains that as "Big Data" has gotten bigger, the theory of machine learning--the foundation of efforts to process that data into knowledge--has also advanced. He describes the evolution of the field, explains important learning algorithms, and presents example applications. He discusses the use of machine learning algorithms for pattern recognition; artificial neural networks inspired by the human brain; algorithms that learn associations between instances; and reinforcement learning, when an autonomous agent learns to take actions to maximize reward. In a new chapter, he considers transparency, explainability, and fairness, and the ethical and legal implications of making decisions based on data.


Applications of Machine Learning

Applications of Machine Learning
Author: Prashant Johri
Publisher: Springer Nature
Total Pages: 404
Release: 2020-05-04
Genre: Technology & Engineering
ISBN: 9811533571

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This book covers applications of machine learning in artificial intelligence. The specific topics covered include human language, heterogeneous and streaming data, unmanned systems, neural information processing, marketing and the social sciences, bioinformatics and robotics, etc. It also provides a broad range of techniques that can be successfully applied and adopted in different areas. Accordingly, the book offers an interesting and insightful read for scholars in the areas of computer vision, speech recognition, healthcare, business, marketing, and bioinformatics.


Artificial Intelligence in Healthcare

Artificial Intelligence in Healthcare
Author: Adam Bohr
Publisher: Academic Press
Total Pages: 385
Release: 2020-06-21
Genre: Computers
ISBN: 0128184396

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Artificial Intelligence (AI) in Healthcare is more than a comprehensive introduction to artificial intelligence as a tool in the generation and analysis of healthcare data. The book is split into two sections where the first section describes the current healthcare challenges and the rise of AI in this arena. The ten following chapters are written by specialists in each area, covering the whole healthcare ecosystem. First, the AI applications in drug design and drug development are presented followed by its applications in the field of cancer diagnostics, treatment and medical imaging. Subsequently, the application of AI in medical devices and surgery are covered as well as remote patient monitoring. Finally, the book dives into the topics of security, privacy, information sharing, health insurances and legal aspects of AI in healthcare. Highlights different data techniques in healthcare data analysis, including machine learning and data mining Illustrates different applications and challenges across the design, implementation and management of intelligent systems and healthcare data networks Includes applications and case studies across all areas of AI in healthcare data


Novel Financial Applications of Machine Learning and Deep Learning

Novel Financial Applications of Machine Learning and Deep Learning
Author: Mohammad Zoynul Abedin
Publisher: Springer Nature
Total Pages: 235
Release: 2023-03-01
Genre: Business & Economics
ISBN: 3031185528

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This book presents the state-of-the-art applications of machine learning in the finance domain with a focus on financial product modeling, which aims to advance the model performance and minimize risk and uncertainty. It provides both practical and managerial implications of financial and managerial decision support systems which capture a broad range of financial data traits. It also serves as a guide for the implementation of risk-adjusted financial product pricing systems, while adding a significant supplement to the financial literacy of the investigated study. The book covers advanced machine learning techniques, such as Support Vector Machine, Neural Networks, Random Forest, K-Nearest Neighbors, Extreme Learning Machine, Deep Learning Approaches, and their application to finance datasets. It also leverages real-world financial instances to practice business product modeling and data analysis. Software code, such as MATLAB, Python and/or R including datasets within a broad range of financial domain are included for more rigorous practice. The book primarily aims at providing graduate students and researchers with a roadmap for financial data analysis. It is also intended for a broad audience, including academics, professional financial analysts, and policy-makers who are involved in forecasting, modeling, trading, risk management, economics, credit risk, and portfolio management.