This week we begin with an article on how Artificial Intelligence has enabled Facebook to detect and combat misinformation relating to COVID-19. We then cover a recent trend of pharmaceutical companies leveraging data to find faster cures for diseases and unlock higher profits. Then, we have a story by Harvard Business Review on the underlying value of data generated by companies and steps that could help companies maximize value form their data assets. The next piece is about an “Open Mystery Database” containing more than 22 million e-mails, the source of which cannot be traced. The following story is about COVID-19 resulting in a change in the data collection methods adopted by the Indian Government for official statistics. Lastly we have an article on the depreciating nature of data that makes it “dark”, and the measures financial services firms can adopt to overcome this.
How Facebook is using AI to combat COVID-19 misinformation and detect ‘hateful memes’
Facebook on Monday released a new report detailing how it uses a combination of artificial intelligence and human fact-checkers and moderators to enforce its community standards. The report — called the Community Standards Enforcement Report, which usually encompasses data and findings from the prior three to six months — has a large focus on AI this time around and the progress Facebook is relying more on software instead of people, given the extreme toll the job can take on human moderators.
Pharma groups hope troves of patient records hold key to faster cures and bigger profits
When Mac Holmes noticed a lump in the middle of his chest it took him a year to mention it to his physician. The 55-year-old, who flew packages for FedEx after a 28-year career with the US Air Force, appeared a picture of middle-aged vigour. But, immediately suspecting the worst, his doctor ordered tests. Days later he was diagnosed with breast cancer, a disease that has spread to his bones.
Unlock the Hidden Value of Your Data
Twenty years ago, Kevin Rivette and David Kline wrote a book about the hidden value contained within companies’ underutilized patents. These patents, Rivette and Kline argued, represented “Rembrandts in the Attic” (the title of their book). Patents, the authors suggested, shouldn’t be seen merely as passive properties, but as strategic assets — a “new currency” that could be deployed in the quest for competition, brand reputation, and advances in research and development.
22 million emails found in mystery open database
An otherwise unremarkable find of an open Elasticsearch database containing millions of records became a Sherlock Holmes mystery as researchers cannot figure out the database’s origins.
Covid-19 to structurally change collection of data for official statistics
The pandemic may structurally change the way data is collected for official statistics. The government is examining options, including the use of mobile applications for reporting price data to compute retail inflation.
Data is money – dealing with dark data in financial services
As technology advances, old data gets harder to read and slower to utilise. When it falls off the radar, it is called dark data. Jasmit Sagoo, Senior Director, Northern Europe, Veritas Technologies, explains how to overcome this challenge.