Patrick Buckley Robot Waiters – The future or just a gimmick? As we continue to battle the COVID-19 pandemic, the hospitality industry is looking to technology as a way to keep workers safe. Could robot waiters be the answer? In...
Patrick Buckley How will AI change the labour market for the better? From the way we shop, to the way we learn, the digital world in which we live is unrecognisable from the reality of a decade ago. One area which...
Florence Broderick Telefónica Mannequin Challenge Today in the office we decided to do our very own Mannequin Challenge, bringing together employees from all over Telefónica. This viral internet craze has even frozen the internet...
LUCA Elena Gil, CEO of LUCA speaks to us about the potential of Big Data in business “We are just beginning to see the opportunities that Big Data represents” The importance of data when making any decision is growing. Elena Gil, CEO at LUCA, Telefonica’s data unit,...
LUCA Deep Learning and satellite images to estimate the impact of COVID19 Motivated by the fact that the Coronavirus Disease (COVID-19) pandemic has caused worldwide turmoil in a short period of time since December 2019, we estimate the negative impact of...
LUCA Success Story: LUCA Transit and Highways England The transport industry is very receptive to the application of Big Data and Artificial Intelligence strategies, as there are clear use cases that can maximize a companies’ efficiency and...
LUCA Planning retail site locations using data One of the key business decisions for any brand is deciding where to ‘set up shop’. This involves having an understanding of your consumer base and is particularly important...
LUCA Mobility patterns in Lima and Callao based on Big Data technology We often think of Big Data as something exclusive to private companies. But one of the clearest applications is that of public bodies who want to improve the lives...
The Deep Learning HypeLUCA 19 November, 2018 Written by Alfonso Ibañez, Data Science manager at LUCA consulting analytics In the era of Big Data a day does not pass without us reading some news about Artificial Intelligence, Machine Learning or Deep Learning, never really knowing what they refer to. The “experts” in the sector mix and exchange the terms with all naturalness, which only contributes to their hype. The simple fact of mentioning them catches the attention of investors and convinces them that these techniques have an almost magical power. Machine Learning is a scientific discipline coming from Artificial Intelligence, that studies how systems can be programmed to learn and improve with experience without human intervention. To address this problem, new paradigms emerge daily that allow the discovery of knowledge based on specific data deriving from solid statistical and computational principles. One of the approaches that is receiving more interest from the scientific community refers to the Neural Networks. These networks are inspired by the animal nervous system constituted by a system of cells that collaborate with each other to produce a response to an external stimulus. As the topology of these systems becomes more complicated, we approach what is known as Deep Learning, a new marketing concept conceived to refer to complex neural networks. The idea under this new paradigm is that with a large number of neurons and many levels of interconnection between them, predictions can be improved in complex data sets. The value of Deep Learning in companies The use of Deep Learning in businesses is booming. More and more companies recognize the value of these techniques, since they allow to us work more efficiently and provide a real advantage over competition. Its emergence in the business world was favoured by the confluence of three key factors: algorithms, computing and data. On the one hand, the algorithms are constantly growing with the continuous improvement of existing techniques and the appearance of new ones. On the other hand, the evolution of computing capacity together with the cheapening of computer equipment, have allowed the analysis of gigabytes, terabytes or even petabytes for parallel information at high speed, thus allowing us to learn and make decisions in a much more efficient and agile manner than it was possible only a few years ago. The last factor is the access to large amounts of data with which to learn. Such data can come from multiple sources such as traditional business systems, social networks, mobile devices, the Internet of things or smart cities, among other things. Thanks to the presence of Deep Learning in events, meetings and the press, a large part of society is fascinated by the potential of these techniques and believes that these statistical models can be the perfect solution for any complex situation. However, the reality is not as glamorous as a journalist can make it look, since it is the Data Scientists (the sexiest profession of the 21st century) who perform the “magic”. If the knowledge of the domain in question, the ability to deal with multiple data and intelligence when deciding which algorithms to use is limited, then the capacity of “learning” by the machines will also be limited. The world as we know it is changing thanks to the potential of Deep Learning techniques, and surely with the passage of time it will be present in all aspects of our lives. According to Bill Gates we always overestimate the change that will occur in the next two years and underestimate the change that will occur in the next ten. We will have to wait until then to really know if Deep Learning is a reality in our daily lives or a simple hype. Don’t miss out on a single post. Subscribe to LUCA Data Speaks. You can also follow us on Twitter, YouTube and LinkedIn Movistar+ launches a pioneering advertising innovation project in Spain“Data is in the air” with the Data Science Awards Spain 2018
Patrick Buckley Robot Waiters – The future or just a gimmick? As we continue to battle the COVID-19 pandemic, the hospitality industry is looking to technology as a way to keep workers safe. Could robot waiters be the answer? In...
Patrick Buckley How will AI change the labour market for the better? From the way we shop, to the way we learn, the digital world in which we live is unrecognisable from the reality of a decade ago. One area which...
Patrick Buckley How AI is helping fashion retailers stay afloat With an estimated current global market value surpassing 406 billion USD, the fashion industry is one of the most significant yet vulnerable industries out there. In an ever-worsening socio-economic...
LUCA La transformación digital en la gestión del agua, ahora más que nunca Hoy en día mantenemos la incertidumbre de cuándo dispondremos de una vacuna o cuál será el impacto real en la sociedad y en la economía que nos deja esta...
Patrick Buckley Thanks to AI, the future of video-conferencing is in sight. Throughout the COVID-19 pandemic, video-conferencing has become the backbone of both our work and social lives. Today, on #WorldHugDay, we take a look at some of the ways in which...
Patrick Buckley How AI and Machine Learning help to develop vaccines As Christmas approaches this year, we have all been gifted the great news that the Pfizer/BioNTech vaccine has shown to be both safe and effective in creating an immune...