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Top Myths About Machine Learning

People tend to have different opinions when it comes to machine learning. Some have the ideology that machine learning may mark the end of the human race; or a catastrophic end to privacy. Human beings have the idea that machine learning will give rise to superhuman intelligence, but this is not usually the case. On the contrary, it is quite apparent that computers do not have common sense, and there is no way in this world that they can overtake the thinking capacity of human beings.

At times, people believe that machine learning is purely meant for data summarization, but that’s not the case. The reality of the matter is that machine learning tends to predict the future by checking on your history. A good example of future prediction is the type of movies one has watched. In such a situation, the machine will be able to suggest similar films based on your past preferences.

Learning algorithms tend to discover more profound knowledge and not just correlations between events as people tend to assume. According to Pedro Domingos, a mole can be used to explain the rule of learning algorithms. For example, if a mole grows with an irregular shape and color, there is a high possibility that it might have skin cancer.

Another myth is that machine learning does not discover causal relationships but correlations only. Machine learning performs different activities and observes whether the result of the occurrence is due to the other event, or if the outcome means that there is a causal relationship between two different events. A computer can quickly discover the causal relationship by just looking at the past data, without necessarily having to experiment.

Machine learning is also believed to cause hallucinating patterns due to the intense provision of data. However, this is not the case as machine learning experts tend to keep this information at minimum levels. This is achieved by gathering more information which has the same set of attributes.

Many are the times when people assume machine learning ignores preexisting knowledge. In actual sense learning, algorithms use data to refine a pre existing body of knowledge, which is detailed as long as it is fed in a computer in simple terms. Lastly, the idea that machine learning cannot predict hidden events that have occurred previously is purely a misconception. Machine learning predicts rare events with high accuracy through comparison.

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Cryptocurrency Regulations Around the World

In the past few decades, there has been a growing interest in cryptocurrency. As cryptocurrencies like Bitcoin become a popular way of making transactions and investments, the lack of government regulations is becoming clear. Most governments are still catching up on bitcoin, so regulations are being frequently updated. Right now, there is no international standard on how to deal with cryptocurrencies. This guide explains how they are treated in various locations.

 

China

China has a fairly harsh outlook on cryptocurrency. It is not considered to be legal tender, and no exchanges are allowed. This makes cryptocurrency trading illegal, and the government plans to crack down on private trading organizations.

European Union

Due to European Union regulations, no member state in the EU is capable of creating its own currency. This means that the likelihood of cryptocurrency becoming legal tender is fairly low at the time. However, cryptocurrency exchanges are allowed in most member states of the EU.

Japan

Half of all bitcoins are traded in Japan. This nation is a big market for bitcoin because it is a legal tender. As long as exchanges are registered through the Japanese Financial Services Agency and carried out through licensed companies, bitcoin is seen as a legal form of money. Since bitcoin is regulated heavily here, it is seen as a fairly reliable place to get involved with cryptocurrency markets.

 

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As technology continues to advance so will the field of data science. Much of 2018 was viewed as the year of data breaches and leaks; this year however, will be known for technological disruption and use of Artificial Intelligence. In 2019 we will also see a focus on maturing technologies. Here are some of the top data science trends for 2019:

 

Reinforcement Learning: During 2019 there will be a resurgence of reinforcement learning. Even though this is best described as a “human-like learning behavior,” we will see its use in data science through statistics and algorithms. Concepts using reinforcement learning will start to turn into actual products as well.

 

Augmented Data Management: This latest trend in data science is a game changer for the industry. According to Information Age, “Augmented data management utilises machine learning capabilities and AI technology to make data management categories including data quality, master data management, metadata management, data integration as well as database management systems (DBMSs) self-configuring and self-tuning.” Thanks to augmented data management, more individuals will be able to use data. It also gives high-level data scientists the opportunity to work on more important tasks.

 

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Essential Skills of Data Scientists

Data scientists are in high demand as companies are constantly seeking to get the most value from their resources. Greg Boyd, director at consulting firm Protiviti, says, “as organizations begin to fully capitalize on the use of their internal data assets and examine the integration of hundreds of third-party data sources, the role of the data scientist will continue to expand in relevance.” The rising stars of many businesses are the savvy data scientists who can not only manipulate large amounts of data using complex statistical and visualization techniques but also have a strong acumen that they can derive forward-looking insights. Now, to be an elite data scientists, one must have a particular set of skills. Here are some of the essential traits that data scientists have.

 

Critical Thinking

In order to be able to apply objective analysis of facts on a given topic or problem, they need to be solid critical thinkers. According to Anand Rao who is a global artificial intelligence and innovation lead for data and analytics at PwC, “they need to understand the business problem or decision being made and be able to model or abstract what is critical to solving the problem, versus what is extraneous and can be ignored.”

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Common Myths about Data Science

Even companies that seem to be at the forefront of the digital age are not taking full advantage of their resources. While they may be instituting all of the latest marketing trends, most are ignoring the data that those efforts are helping them collect.

Data Science Requires a Vast Amount of Data

In fact, there are several ways to collect and analyze data in smaller clusters. By looking at the speed at which data was collected, you can get a snapshot of current consumer trends. Looking at a variety of data, on the other hand, tells you how your consumers are finding you and what they’re looking for. Even a history of data can give you insights that you would not otherwise have obtained.

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Developments in Ethereum

Ethereum, often thought of as Bitcoin’s little brother, has surged at an incredible pace since the start of 2017. On March 13, 2018, Ethereum traded at $696.00. Though this may be substantially lower than Bitcoin’s March 13th price of $9,272, Ethereum’s rise over the past 14 months has been much greater. At the start of 2017, Ethereum’s price was about $8. Turning an $8 investment into nearly $700 in 14 months may sound like a speculator’s pipe dream, but it happened. With returns like that, it’s no wonder so many initial coin offerings (ICOs) are coming onto the market.

Ethereum has had some difficulties, including a bug in the popular Ethereum wallet Parity, as indicated by Sean Schroeder in a writing on Mashable, Ethereum may also be a candidate for its own derivatives market. Bitcoin derivative trading opened late in 2017, driving a major surge in Bitcoin pricing.

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Most Common Rugby Injuries

Rugby is a very popular sport not just in the United States but also around the world as it is full of intensity along with its fast-paced nature. However, as the game becomes more physically demanding, it requires players to become fitter, stronger, quicker, and more powerful. Unfortunately, as these elements improve, the risk of suffering from injury also increases.

According to an RFU report, there are about 17 injuries per 1000 hours of playing, nearly three times higher than the injury rates of American football. These injuries are more likely to happen during matches than in training. The players most at risk of sustaining injuries are hookers and flankers due to their excessive involvement in physical collisions and tackles. Take a look at some of the most common rugby injuries.

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