{"id":8305,"date":"2016-07-10T13:31:31","date_gmt":"2016-07-10T08:01:31","guid":{"rendered":"http:\/\/ucanalytics.com\/blogs\/?p=8305"},"modified":"2016-09-11T10:55:40","modified_gmt":"2016-09-11T05:25:40","slug":"banking-fintech-artificial-intelligence-conflict-resolution","status":"publish","type":"post","link":"https:\/\/ucanalytics.com\/blogs\/banking-fintech-artificial-intelligence-conflict-resolution\/","title":{"rendered":"Banking & Fintech : Artificial Intelligence for Conflict Resolution"},"content":{"rendered":"
\"Artificial<\/a>

Banking & Fintech :Artificial Intelligence for\u00a0Conflict Resolution – by Roopam<\/p><\/div>\n

\n

Artificial intelligence and cognitive computing have started to make their presence felt in the business community with the promise to improve businesses like never before. Data science\u00a0models in some sense are the precursor to artificial intelligence. Data science and predictive analytics have already improved processes\u00a0significantly<\/span>\u00a0<\/span>and decision making for several organizations.<\/p>\n

Companies with sincere investment in data science have generated a huge competitive edge. Google, Amazon, American Express,\u00a0Capital One are among the high-profile organizations where predictive analytics play a crucial role in most business activities. Juggernauts of digital organizations like Lending Club, Alibaba, Uber, Airbnb, \u00a0Zopa have ensured that organizations can ignore advanced analytics and scientific investigation at their own peril.\u00a0Artificial intelligence is the next frontier for business improvement. The basis for artificial intelligence is to provide machines the same or better level of cognition and\u00a0thinking capability as humans.<\/p>\n

The banking industry is among the forerunners\u00a0for usage of data science for business improvement. AI also has an important\u00a0role to play in modern banking.\u00a0The fintech or financial technology revolution in the last few years is completely based on seamless processes through data science. Digital banking, a hotbed\u00a0for\u00a0data science, is the single most important mantra for banks. These developments in banking will require a consistent evolution of\u00a0data science and the inclusion of artificial intelligence to the field. Before we explore how artificial intelligence will\u00a0facilitate banks and fintech companies, let’s explore how the brain works.<\/p>\n

Consciousness\u00a0and\u00a0Artificial Intelligence<\/span><\/h2>\n
\n

\"Brain<\/a>Should I eat this delicious cheesecake or exercise self-control to stay fit? Conflict is an unwanted but integral part of life.\u00a0David Eagleman in his fascinating book Incognito: The Secret Lives of the Brain <\/em>describes an instance to illustrate the role of the conscious\u00a0brain in resolving conflicts. All animals are extremely particular about marking and protecting their territory. They have equally strong emotions towards mating. When a male stickleback fish sights a female entering its territory these two emotions trigger simultaneously. The male tries to intimidate the female to leave his territory and also displays courtship behavior at the same time. The animal brain is a collection of zombie programs that independently govern activities such as mating and territory marking. I must also add that these zombie programs are extremely important for the survival of any species. Since these programs operate independently they produce conflicts. The role of consciousness is to resolve the conflicts created by the zombie programs. Eagleman concludes that since the stickleback operates under the influence of both these zombie programs without resolution they are not particularly conscious. Consciousness is a relatively recent phenomenon on the evolutionary scale. Eagleman describes these zombie programs as the diligent\u00a0workers and consciousness as the CEO in the factory of the brain.<\/p>\n

This is an important insight into the animal brain that will help in the development of robust artificial intelligence. The current state of data science models is\u00a0similar to zombie programs in the brain. A single\u00a0zombie program is extremely useful in governing one set of activities like mating or territory marking. A data science parallel to zombie programs in a banking scenario is risk scoring and marketing propensity models. Let us explore these\u00a0zombie programs in the next segment.<\/p>\n<\/div>\n

Banking & Fintech : Conflict of Sales and Credit Risk<\/span><\/h2>\n

\"Picture1\"<\/a>In traditional lending, sales and credit departments have somewhat conflicting roles. The primary role of sales is to focus on the revenue or top line of the income statement by disbursing as many loans as possible. Incentives for sales are generally linked with growth in the loan books. Credit & risk, on the other hand, takes care of the profitability or bottom line of income statement by disbursing safe and good quality loans. The incentives for credit are linked to\u00a0lower loan defaults.\u00a0One some level, these two departments can be treated like the zombie programs in the brain. They are extremely important functions but have conflicting roles.<\/p>\n

For\u00a0the leading banks on the planet, data science facilitates the\u00a0decision making of both these functions through robust credit scoring, and customer purchase propensity models. Read these case studies to learn more about credit scoring<\/a><\/strong> and propensity models<\/strong><\/a>. These models have done extremely well for the banks. These models usually operate independently\u00a0similar to zombie programs in the brain. Like consciousness acts as the CEO to resolve the conflict for zombie programs in the brain, managers supervise these predictive\u00a0models with the implementation\u00a0of certain cut-off scores. This human supervision makes the process un-standardized, time-consuming, and it also hinders optimization. In an optimized scenario, artificial intelligence will play the role of consciousness for these independent models.\u00a0As the role of consciousness in the brain is to resolve conflicts by zombie functions, the role of artificial intelligence will be to resolve conflicts by these zombie models.<\/p>\n

Fintech has taken the banking industry by storm in the last few years. The existence of fintech depends on superior operational efficiency. For this, the fintech in the lending space\u00a0requires\u00a0these models to run\u00a0on autopilot without much human supervision. Artificial intelligence will bring that much-required aspect of\u00a0fast decision making for seamless operations to boost fintechs and digital banking. I believe\u00a0for data science the journey has just started in banking and there are exciting times ahead.<\/p>\n

Sign-off Note<\/span><\/h4>\n

I started my career in data science for banking. I must say a few years ago, I had started investing my effort in other industries\u00a0because of lack of innovation in banking. However, now the industry\u00a0is buzzing with innovative and exciting ideas. I believe, these ideas are not greed driven like the ones that caused the financial meltdown of 2008. We still need to be cautious but I\u00a0am completely excited about the role of data science and artificial intelligence in banking and fintech.<\/p>\n","protected":false},"excerpt":{"rendered":"

Artificial intelligence and cognitive computing have started to make their presence felt in the business community with the promise to improve businesses like never before. Data science\u00a0models in some sense are the precursor to artificial intelligence. Data science and predictive analytics have already improved processes\u00a0significantly\u00a0and decision making for several organizations. Companies with sincere investment in<\/p>\n

Read More…<\/a><\/p>\n","protected":false},"author":1,"featured_media":8306,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_newsletter_tier_id":0,"jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[64,66,54],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"\nBanking & Fintech : Artificial Intelligence for Conflict Resolution – YOU CANalytics |<\/title>\n<meta name=\"description\" content=\"Artificial intelligence and cognitive computing have important roles to play in banking and fintech. Explore more in this article.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ucanalytics.com\/blogs\/banking-fintech-artificial-intelligence-conflict-resolution\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Banking & Fintech : Artificial Intelligence for Conflict Resolution – YOU CANalytics |\" \/>\n<meta property=\"og:description\" content=\"Artificial intelligence and cognitive computing have important roles to play in banking and fintech. Explore more in this article.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ucanalytics.com\/blogs\/banking-fintech-artificial-intelligence-conflict-resolution\/\" \/>\n<meta property=\"og:site_name\" content=\"YOU CANalytics |\" \/>\n<meta property=\"article:author\" content=\"roopam\" \/>\n<meta property=\"article:published_time\" content=\"2016-07-10T08:01:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2016-09-11T05:25:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ucanalytics.com\/blogs\/wp-content\/uploads\/2016\/06\/conflict.jpg?fit=505%2C630&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"505\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Roopam Upadhyay\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/ucanalytics.com\/blogs\/#organization\",\"name\":\"YOU CANalytics\",\"url\":\"https:\/\/ucanalytics.com\/blogs\/\",\"sameAs\":[],\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/ucanalytics.com\/blogs\/#logo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/i0.wp.com\/ucanalytics.com\/blogs\/wp-content\/uploads\/2015\/11\/YOU-CANalytics-Logo.jpg?fit=607%2C120\",\"contentUrl\":\"https:\/\/i0.wp.com\/ucanalytics.com\/blogs\/wp-content\/uploads\/2015\/11\/YOU-CANalytics-Logo.jpg?fit=607%2C120\",\"width\":607,\"height\":120,\"caption\":\"YOU CANalytics\"},\"image\":{\"@id\":\"https:\/\/ucanalytics.com\/blogs\/#logo\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ucanalytics.com\/blogs\/#website\",\"url\":\"https:\/\/ucanalytics.com\/blogs\/\",\"name\":\"YOU CANalytics |\",\"description\":\"Explore the Power of Data Science\",\"publisher\":{\"@id\":\"https:\/\/ucanalytics.com\/blogs\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ucanalytics.com\/blogs\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/ucanalytics.com\/blogs\/banking-fintech-artificial-intelligence-conflict-resolution\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/i0.wp.com\/ucanalytics.com\/blogs\/wp-content\/uploads\/2016\/06\/conflict.jpg?fit=505%2C630&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ucanalytics.com\/blogs\/wp-content\/uploads\/2016\/06\/conflict.jpg?fit=505%2C630&ssl=1\",\"width\":505,\"height\":630},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ucanalytics.com\/blogs\/banking-fintech-artificial-intelligence-conflict-resolution\/#webpage\",\"url\":\"https:\/\/ucanalytics.com\/blogs\/banking-fintech-artificial-intelligence-conflict-resolution\/\",\"name\":\"Banking & Fintech : Artificial Intelligence for Conflict Resolution – YOU CANalytics |\",\"isPartOf\":{\"@id\":\"https:\/\/ucanalytics.com\/blogs\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/ucanalytics.com\/blogs\/banking-fintech-artificial-intelligence-conflict-resolution\/#primaryimage\"},\"datePublished\":\"2016-07-10T08:01:31+00:00\",\"dateModified\":\"2016-09-11T05:25:40+00:00\",\"description\":\"Artificial intelligence and cognitive computing have important roles to play in banking and fintech. Explore more in this article.\",\"breadcrumb\":{\"@id\":\"https:\/\/ucanalytics.com\/blogs\/banking-fintech-artificial-intelligence-conflict-resolution\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ucanalytics.com\/blogs\/banking-fintech-artificial-intelligence-conflict-resolution\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ucanalytics.com\/blogs\/banking-fintech-artificial-intelligence-conflict-resolution\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ucanalytics.com\/blogs\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Banking & Fintech : Artificial Intelligence for Conflict Resolution\"}]},{\"@type\":\"Article\",\"@id\":\"https:\/\/ucanalytics.com\/blogs\/banking-fintech-artificial-intelligence-conflict-resolution\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ucanalytics.com\/blogs\/banking-fintech-artificial-intelligence-conflict-resolution\/#webpage\"},\"author\":{\"@id\":\"https:\/\/ucanalytics.com\/blogs\/#\/schema\/person\/55961a1cea272ecdf290cb387be069b6\"},\"headline\":\"Banking & Fintech : Artificial Intelligence for Conflict Resolution\",\"datePublished\":\"2016-07-10T08:01:31+00:00\",\"dateModified\":\"2016-09-11T05:25:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ucanalytics.com\/blogs\/banking-fintech-artificial-intelligence-conflict-resolution\/#webpage\"},\"wordCount\":993,\"commentCount\":2,\"publisher\":{\"@id\":\"https:\/\/ucanalytics.com\/blogs\/#organization\"},\"image\":{\"@id\":\"https:\/\/ucanalytics.com\/blogs\/banking-fintech-artificial-intelligence-conflict-resolution\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ucanalytics.com\/blogs\/wp-content\/uploads\/2016\/06\/conflict.jpg?fit=505%2C630&ssl=1\",\"articleSection\":[\"Analytics Graffiti\",\"Banking Models\",\"Risk Analytics\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ucanalytics.com\/blogs\/banking-fintech-artificial-intelligence-conflict-resolution\/#respond\"]}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/ucanalytics.com\/blogs\/#\/schema\/person\/55961a1cea272ecdf290cb387be069b6\",\"name\":\"Roopam Upadhyay\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/ucanalytics.com\/blogs\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/dd1aa0b0e813f7639800bcfad6a554f1?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/dd1aa0b0e813f7639800bcfad6a554f1?s=96&d=mm&r=g\",\"caption\":\"Roopam Upadhyay\"},\"description\":\"This blog contains my personal views and thoughts on predictive Analytics and big data. - Roopam Upadhyay\",\"sameAs\":[\"roopam\"],\"url\":\"https:\/\/ucanalytics.com\/blogs\/author\/roopam\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Banking & Fintech : Artificial Intelligence for Conflict Resolution – YOU CANalytics |","description":"Artificial intelligence and cognitive computing have important roles to play in banking and fintech. Explore more in this article.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ucanalytics.com\/blogs\/banking-fintech-artificial-intelligence-conflict-resolution\/","og_locale":"en_US","og_type":"article","og_title":"Banking & Fintech : Artificial Intelligence for Conflict Resolution – YOU CANalytics |","og_description":"Artificial intelligence and cognitive computing have important roles to play in banking and fintech. Explore more in this article.","og_url":"https:\/\/ucanalytics.com\/blogs\/banking-fintech-artificial-intelligence-conflict-resolution\/","og_site_name":"YOU CANalytics |","article_author":"roopam","article_published_time":"2016-07-10T08:01:31+00:00","article_modified_time":"2016-09-11T05:25:40+00:00","og_image":[{"width":505,"height":630,"url":"https:\/\/i0.wp.com\/ucanalytics.com\/blogs\/wp-content\/uploads\/2016\/06\/conflict.jpg?fit=505%2C630&ssl=1","type":"image\/jpeg"}],"twitter_misc":{"Written by":"Roopam Upadhyay","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Organization","@id":"https:\/\/ucanalytics.com\/blogs\/#organization","name":"YOU CANalytics","url":"https:\/\/ucanalytics.com\/blogs\/","sameAs":[],"logo":{"@type":"ImageObject","@id":"https:\/\/ucanalytics.com\/blogs\/#logo","inLanguage":"en-US","url":"https:\/\/i0.wp.com\/ucanalytics.com\/blogs\/wp-content\/uploads\/2015\/11\/YOU-CANalytics-Logo.jpg?fit=607%2C120","contentUrl":"https:\/\/i0.wp.com\/ucanalytics.com\/blogs\/wp-content\/uploads\/2015\/11\/YOU-CANalytics-Logo.jpg?fit=607%2C120","width":607,"height":120,"caption":"YOU CANalytics"},"image":{"@id":"https:\/\/ucanalytics.com\/blogs\/#logo"}},{"@type":"WebSite","@id":"https:\/\/ucanalytics.com\/blogs\/#website","url":"https:\/\/ucanalytics.com\/blogs\/","name":"YOU CANalytics |","description":"Explore the Power of Data Science","publisher":{"@id":"https:\/\/ucanalytics.com\/blogs\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ucanalytics.com\/blogs\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"ImageObject","@id":"https:\/\/ucanalytics.com\/blogs\/banking-fintech-artificial-intelligence-conflict-resolution\/#primaryimage","inLanguage":"en-US","url":"https:\/\/i0.wp.com\/ucanalytics.com\/blogs\/wp-content\/uploads\/2016\/06\/conflict.jpg?fit=505%2C630&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ucanalytics.com\/blogs\/wp-content\/uploads\/2016\/06\/conflict.jpg?fit=505%2C630&ssl=1","width":505,"height":630},{"@type":"WebPage","@id":"https:\/\/ucanalytics.com\/blogs\/banking-fintech-artificial-intelligence-conflict-resolution\/#webpage","url":"https:\/\/ucanalytics.com\/blogs\/banking-fintech-artificial-intelligence-conflict-resolution\/","name":"Banking & Fintech : Artificial Intelligence for Conflict Resolution – YOU CANalytics |","isPartOf":{"@id":"https:\/\/ucanalytics.com\/blogs\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ucanalytics.com\/blogs\/banking-fintech-artificial-intelligence-conflict-resolution\/#primaryimage"},"datePublished":"2016-07-10T08:01:31+00:00","dateModified":"2016-09-11T05:25:40+00:00","description":"Artificial intelligence and cognitive computing have important roles to play in banking and fintech. Explore more in this article.","breadcrumb":{"@id":"https:\/\/ucanalytics.com\/blogs\/banking-fintech-artificial-intelligence-conflict-resolution\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ucanalytics.com\/blogs\/banking-fintech-artificial-intelligence-conflict-resolution\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ucanalytics.com\/blogs\/banking-fintech-artificial-intelligence-conflict-resolution\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ucanalytics.com\/blogs\/"},{"@type":"ListItem","position":2,"name":"Banking & Fintech : Artificial Intelligence for Conflict Resolution"}]},{"@type":"Article","@id":"https:\/\/ucanalytics.com\/blogs\/banking-fintech-artificial-intelligence-conflict-resolution\/#article","isPartOf":{"@id":"https:\/\/ucanalytics.com\/blogs\/banking-fintech-artificial-intelligence-conflict-resolution\/#webpage"},"author":{"@id":"https:\/\/ucanalytics.com\/blogs\/#\/schema\/person\/55961a1cea272ecdf290cb387be069b6"},"headline":"Banking & Fintech : Artificial Intelligence for Conflict Resolution","datePublished":"2016-07-10T08:01:31+00:00","dateModified":"2016-09-11T05:25:40+00:00","mainEntityOfPage":{"@id":"https:\/\/ucanalytics.com\/blogs\/banking-fintech-artificial-intelligence-conflict-resolution\/#webpage"},"wordCount":993,"commentCount":2,"publisher":{"@id":"https:\/\/ucanalytics.com\/blogs\/#organization"},"image":{"@id":"https:\/\/ucanalytics.com\/blogs\/banking-fintech-artificial-intelligence-conflict-resolution\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ucanalytics.com\/blogs\/wp-content\/uploads\/2016\/06\/conflict.jpg?fit=505%2C630&ssl=1","articleSection":["Analytics Graffiti","Banking Models","Risk Analytics"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ucanalytics.com\/blogs\/banking-fintech-artificial-intelligence-conflict-resolution\/#respond"]}]},{"@type":"Person","@id":"https:\/\/ucanalytics.com\/blogs\/#\/schema\/person\/55961a1cea272ecdf290cb387be069b6","name":"Roopam Upadhyay","image":{"@type":"ImageObject","@id":"https:\/\/ucanalytics.com\/blogs\/#personlogo","inLanguage":"en-US","url":"https:\/\/secure.gravatar.com\/avatar\/dd1aa0b0e813f7639800bcfad6a554f1?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/dd1aa0b0e813f7639800bcfad6a554f1?s=96&d=mm&r=g","caption":"Roopam Upadhyay"},"description":"This blog contains my personal views and thoughts on predictive Analytics and big data. - Roopam Upadhyay","sameAs":["roopam"],"url":"https:\/\/ucanalytics.com\/blogs\/author\/roopam\/"}]}},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ucanalytics.com\/blogs\/wp-content\/uploads\/2016\/06\/conflict.jpg?fit=505%2C630&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p3L0jT-29X","jetpack-related-posts":[{"id":4468,"url":"https:\/\/ucanalytics.com\/blogs\/intelligence-artificial-intelligence-collaborative-decision-making-data-science\/","url_meta":{"origin":8305,"position":0},"title":"Intelligence and Artificial Intelligence – Collaborative Decision Making with Data Science","author":"Roopam Upadhyay","date":false,"format":false,"excerpt":"Recently in a BBC interview, Stephen Hawking, the eminent theoretical physicist, warned about a possibility of a doomsday scenario because of\u00a0the rise of artificial intelligence. In his words \"the development of full artificial intelligence could spell the end of the human race\". This is the same fear the Terminator series\u2026","rel":"","context":"In "Analytics Graffiti"","block_context":{"text":"Analytics Graffiti","link":"https:\/\/ucanalytics.com\/blogs\/category\/analytics-graffiti\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ucanalytics.com\/blogs\/wp-content\/uploads\/2014\/12\/Desicion-Making.jpg?fit=270%2C448&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":3973,"url":"https:\/\/ucanalytics.com\/blogs\/model-selection-retail-case-study-example-part-7\/","url_meta":{"origin":8305,"position":1},"title":"Model Selection – Retail Case Study Example (Part 7)","author":"Roopam Upadhyay","date":false,"format":false,"excerpt":"Model Selection This is a continuation of our retail case study example for campaign and marketing analytics. In the previous two parts, we discussed a couple of decision tree algorithms (CART and C4.5)\u00a0for classification. Recall a previous case study example on\u00a0banking and risk management where we discussed logistic regression\u00a0which is\u2026","rel":"","context":"In "Marketing Analytics"","block_context":{"text":"Marketing Analytics","link":"https:\/\/ucanalytics.com\/blogs\/category\/marketing-analytics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ucanalytics.com\/blogs\/wp-content\/uploads\/2014\/09\/photo.jpg?fit=1200%2C1029&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/ucanalytics.com\/blogs\/wp-content\/uploads\/2014\/09\/photo.jpg?fit=1200%2C1029&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/ucanalytics.com\/blogs\/wp-content\/uploads\/2014\/09\/photo.jpg?fit=1200%2C1029&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/ucanalytics.com\/blogs\/wp-content\/uploads\/2014\/09\/photo.jpg?fit=1200%2C1029&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/ucanalytics.com\/blogs\/wp-content\/uploads\/2014\/09\/photo.jpg?fit=1200%2C1029&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":6808,"url":"https:\/\/ucanalytics.com\/blogs\/learning-resources-artificial-intelligence-cognitive-computing-deep-learning-neural-networks\/","url_meta":{"origin":8305,"position":2},"title":"Learning Resources : Artificial Intelligence, Cognitive Computing, Deep Learning, & Neural Networks","author":"Roopam Upadhyay","date":false,"format":false,"excerpt":"This article is an effort to make you into a \"semi-expert\" in artificial intelligence, cognitive computing, deep learning and neural networks from scratch. Here I will share a few cool learning resources for these topics. These resources include documentaries, TED talks, online lecture videos, and books. There are several videos\u2026","rel":"","context":"In "Analytics Book Club"","block_context":{"text":"Analytics Book Club","link":"https:\/\/ucanalytics.com\/blogs\/category\/analytics-book-club\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ucanalytics.com\/blogs\/wp-content\/uploads\/2015\/11\/Alice-in-Wonderland-Copy.jpg?fit=433%2C274&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":55,"url":"https:\/\/ucanalytics.com\/blogs\/credit-scorecards-advanced-analytics-part-4\/","url_meta":{"origin":8305,"position":3},"title":"Credit Scorecards – Advanced Analytics (part 4 of 7)","author":"Roopam Upadhyay","date":false,"format":false,"excerpt":"Modeling in Advanced Analytics The room, full of Analysts, erupts with a loud round of laughter when a young business analyst narrates to us an incident from his recent trip back home. A distant aunt inquired about his new profession. His response \u2013 I am into modeling. She got all\u2026","rel":"","context":"In "Credit Risk Analytics Series"","block_context":{"text":"Credit Risk Analytics Series","link":"https:\/\/ucanalytics.com\/blogs\/category\/risk-analytics\/credit-risk-analytics-series\/"},"img":{"alt_text":"4. Scorecard Simple","src":"https:\/\/i0.wp.com\/ucanalytics.com\/blogs\/wp-content\/uploads\/2013\/07\/4.-Scorecard-Simple1.jpg?resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/ucanalytics.com\/blogs\/wp-content\/uploads\/2013\/07\/4.-Scorecard-Simple1.jpg?resize=350%2C200 1x, https:\/\/i0.wp.com\/ucanalytics.com\/blogs\/wp-content\/uploads\/2013\/07\/4.-Scorecard-Simple1.jpg?resize=525%2C300 1.5x, https:\/\/i0.wp.com\/ucanalytics.com\/blogs\/wp-content\/uploads\/2013\/07\/4.-Scorecard-Simple1.jpg?resize=700%2C400 2x"},"classes":[]},{"id":8107,"url":"https:\/\/ucanalytics.com\/blogs\/conversation-naeem-siddiqi-author-credit-risk-scorecards-credit-scoring-guru\/","url_meta":{"origin":8305,"position":4},"title":"In Conversation with Naeem Siddiqi – Author Credit Risk Scorecards and Credit Scoring Guru","author":"Roopam Upadhyay","date":false,"format":false,"excerpt":"Predictive analytics is\u00a0considered one\u00a0of the sexiest professions\u00a0of our times. But where did it all start? What was the first business application of predictive analytics? It is hard to pin down one particular application but one of the earliest and highly successful applications is certainly credit risk models and retail credit\u2026","rel":"","context":"In "Events & Interviews"","block_context":{"text":"Events & Interviews","link":"https:\/\/ucanalytics.com\/blogs\/category\/events-and-interviews\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ucanalytics.com\/blogs\/wp-content\/uploads\/2016\/04\/Naeem-Siddiqi.jpg?fit=604%2C508&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/ucanalytics.com\/blogs\/wp-content\/uploads\/2016\/04\/Naeem-Siddiqi.jpg?fit=604%2C508&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/ucanalytics.com\/blogs\/wp-content\/uploads\/2016\/04\/Naeem-Siddiqi.jpg?fit=604%2C508&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":11933,"url":"https:\/\/ucanalytics.com\/blogs\/how-data-science-will-shape-post-covid-banking-video-discussion\/","url_meta":{"origin":8305,"position":5},"title":"How data science will shape post-COVID banking? – Video Discussion","author":"Roopam Upadhyay","date":false,"format":false,"excerpt":"How data science will shape post-COVID banking? had a thought-provoking discussion with\u00a0FrankBanker: https:\/\/www.youtube.com\/watch?v=o-3uPgjSFSY&feature=youtu.be 02:01 (Part 1) Impact on variables in Credit Models05:33 (Part 2) Are we going back to Judgemental Lending?07:50 (Part 3) Evaluating analytics readiness of Banks12:20 (Part 4) Is \u2018IT\u2019 the right place for Data Analytics?14:15 (Part 5)\u2026","rel":"","context":"In "Marketing Analytics"","block_context":{"text":"Marketing Analytics","link":"https:\/\/ucanalytics.com\/blogs\/category\/marketing-analytics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ucanalytics.com\/blogs\/wp-content\/uploads\/2020\/07\/Data-Analytics-for-Banking-FB.jpg?fit=788%2C444&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/ucanalytics.com\/blogs\/wp-content\/uploads\/2020\/07\/Data-Analytics-for-Banking-FB.jpg?fit=788%2C444&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/ucanalytics.com\/blogs\/wp-content\/uploads\/2020\/07\/Data-Analytics-for-Banking-FB.jpg?fit=788%2C444&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/ucanalytics.com\/blogs\/wp-content\/uploads\/2020\/07\/Data-Analytics-for-Banking-FB.jpg?fit=788%2C444&ssl=1&resize=700%2C400 2x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/ucanalytics.com\/blogs\/wp-json\/wp\/v2\/posts\/8305"}],"collection":[{"href":"https:\/\/ucanalytics.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ucanalytics.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ucanalytics.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ucanalytics.com\/blogs\/wp-json\/wp\/v2\/comments?post=8305"}],"version-history":[{"count":0,"href":"https:\/\/ucanalytics.com\/blogs\/wp-json\/wp\/v2\/posts\/8305\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ucanalytics.com\/blogs\/wp-json\/wp\/v2\/media\/8306"}],"wp:attachment":[{"href":"https:\/\/ucanalytics.com\/blogs\/wp-json\/wp\/v2\/media?parent=8305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ucanalytics.com\/blogs\/wp-json\/wp\/v2\/categories?post=8305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ucanalytics.com\/blogs\/wp-json\/wp\/v2\/tags?post=8305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}