AWS Provides Advanced Location Services

Considerable detail here on the services involved.   Makes sense, they are the practitioners now.

Amazon Location Service Generally Available With Routing and Satellite Imagery By Renato Losio    in Infoq

AWS has recently announced the general availability of Amazon Location Service, a managed solution designed to add location functionalities to applications. The service relies on location providers like Esri and HERE and now supports routing and satellite imagery capabilities.

Amazon Location Service includes five main features for location-based developments: maps, to visualize location information, places, to support geocoding and reverse geocoding capabilities, routes, trackers and geofences. Among the most common use cases, Location Service is designed for building delivery applications, asset tracking and geomarketing .... " 

Intangible Assets

 Intro below on a collection of thoughts and links on intangible assets.  Recall we also struggled with the definition of 'intangible'. when we defined data assets. Much more a the link.

The Intangible Asset Revolution  by Irving Wladawsky-Berger

“Take all the physical assets owned by all the companies in the S&P 500, all the cars and office buildings and factories and merchandise, then sell them all at cost in one giant sale, and they would generate a net sum that doesn’t even come out to 20% of the index’s $28 trillion value,” said Epic S&P 500 Rally Is Powered by Assets You Can’t See or Touch, an article in Bloomberg published on October 21, 2020, -  a day when intangible assets made up more than 84% of the S&P value.

“The rise of intangibles helps explain why many American workers have recently had it so rough, with wages stagnating and benefits disappearing,” adds the article.  And, given our increasingly digital post-pandemic new normal, we can expect the share of intangibles to go higher, “a source of deep concern for those who worry about things like employment and inequality.”

Intangible assets are easier to define as the opposite of tangible assets.  Tangible assets are generally physical in nature, including vehicles, land, plants, equipment, and furniture, but they also include financial assets like stocks, bonds, account receivables, and cash which have a concrete contractual value.   On the other hand, intangible assets are neither physical nor have a concretely specified financial value.  Intangibles include patents, copyrights, trademarks, goodwill, brand value, human capital, R&D, software, and data.  Despite having no physical existence, intangibles have a monetary value since they represent potential revenue, but that value must be established based on accounting principles.  And, unlike tangible assets, intangibles are difficult to value and insure....  '

Standardizing Deep Learning Model Deployment

Tomorrow of interest:

Join @MLnick on Oct 10,  8:30am US Eastern (note unusual time) -  Nick Pentreath:  Principal Engineer, CODAIT (Center for Open-Source Data & AI Technologies) at IBM.    "Standardizing deep learning model deployment with the Model Asset Exchange" - in series cognitive-  http://cognitive-science.info/community/weekly-update/  (Slides and recordings)

#CSIGnews #opentechai #ISSIP - Check: https://t.co/SiHycih1il  @KarolynSchalk @ibrahimatlinux @mattganis

Join the meetings by pointing your web browser to:  https://zoom.us/j/7371462221 ; Callin: (415) 762-9988 or (646) 568-7788 Meeting id 7371462221 ; International Numbers: https://zoom.us/zoomconference

Join the CSIG LinkedIn Group to get reminders about talks and discuss them. Use twitter: #CSIGNews & #OpenTechAI

Asset Management

Management in context and some forecast of future context is powerful.

" ... Achieving digital alpha in asset management

The ability to generate value through digitization will increasingly separate leaders and followers in North American asset management.

Sent from McKinsey Insights .... ' 

GE to Roll Out Predix Asset Management

Have been following Predix, was a beta user.   Managing Assets in the IoT is important

GE to roll out its Predix Asset Performance Management software at its monitoring, diagnostic center  .... By rolling out APM to its monitoring and diagnostic center, it will be able to tap into utility sensor data around the world for more predictive abilities. .... "    By Larry Dignan in ZDNet

Links vs Privacy vs Asset Value?

The researchers want to implement this as a browser extension.  Could a variation on this be used to estimate asset value of data over time?   ....

Algorithm shows the data you give away when clicking suggested links
Researchers found the best way to surf recommendation engines without giving up privacy.

If you're roaming the internet, you might run across recommendation engines. Some offer products or services you'd actually want to use, but does interacting with them harm your privacy even more? Researchers developed an algorithm to reveal how much info you're handing over when you click around, essentially picking out which parts of a recommendation engine are and aren't safe for privacy-minded users.

The team fed their algorithm datasets from recommendation engines Movielens and Jester. Essentially, their math weighs the value users get by clicking against the personal info they're disclosing, and points out when users would be handing over too much information for too little effect. While not everyone uses those particular services, they've definitely used a recommendation before if they've spun up a Pandora station or let Netflix suggest films.

Of course, since these are academics, their paper (PDF) goes a step further, applying game theory to the algorithm's results in order to develop clicking strategies for the average internet browser to adopt. At best, following a shrewd strategy means a little over 5 percent of clicking certain things sides heavily in the user's favor. On the other side of the equation, it identifies 16 percent of clicks that would hand over much more personal info with very little gained.  .... " 

Capturing the Value of APIs

Good general discussion of the architecture.   Good choices can make API possible and an asset.   In McKinsey.

What it really takes to capture the value of APIs

By Keerthi Iyengar, Somesh Khanna, Srinivas Ramadath, and Daniel Stephens

APIs are the connective tissue in today’s ecosystems. For companies who know how to implement them, they can cut costs, improve efficiency, and help the bottom line.

Application programming interfaces (APIs) were once largely limited to technical domains but have now become a significant engine of business growth. As the connective tissue linking ecosystems of technologies and organizations, APIs allow businesses to monetize data, forge profitable partnerships, and open new pathways for innovation and growth.

Early adopters across industries are already using APIs to create new products and channels and improve operational efficiency. Within the automotive industry, for instance, APIs are used to embed efficiency data, driving statistics, route information and real-time alerts into dashboards. Some retailers are using APIs to set up multi-brand shopping platforms, track inventory, and help consumers locate stores. And a handful of banks are partnering with fintechs and retailers, among others, to develop APIs that help customers integrate banking data into bookkeeping and investment software, and provide faster internal access to a range of account information. .... "

Data Fracking Dark Data

Found this to be an interesting,  the idea of 'Data Fracking' ... a means of finding the right data.   Better way to find and use your data assets?  Improving access to the right data.  Broadly using the oil drilling method as metaphor.  Developed by a company called Datumize.  Through the use of the right Dark Data, which is unused data in or outside your company.

" .... Effectively exploiting this resource will require new techniques.  Data Fracking™ is a new approach focused on the discovery, collection, integration and deployment of Dark Data so it can be collected, refined and made available for use to enhance your operational and decision making processes.  Data Fracking™ enables the discovery, collection, integration and utilization of this previously untapped resource. .... " ,   Have not tried this as yet, but plan to follow up.  Piece on this in DSC.   And a white paper on the method.