Insights. Ideas. Inspiration.
Recent Articles and Press
Unlocking the Personalization Promise: What Banks Must Deliver
In today's world, where every customer interaction is a potential goldmine, banks are scrambling to deliver personalized experiences that set them apart from the competition. But what does personalization really mean in the context of banking? It's about understanding...
#OnTheShouldersOf Judea Pearl
Judea Pearl is an Israeli-American computer scientist best known for his groundbreaking work in causal reasoning and Bayesian networks. These networks have been instrumental in various fields, including medicine, economics, and engineering, allowing researchers to...
#OnTheShouldersOf Yoshua Bengio
Yoshua Bengio is a Canadian computer scientist who has made significant contributions to the advancement of machine learning and neural networks, which have profoundly impacted various industries and technologies. Bengio has received numerous accolades for his work,...
#TheAIAlphabet: U for Unawareness
Imagine you're a skilled chess player, effortlessly anticipating your opponent's moves and maneuvering your pieces to victory. But what if you were suddenly blindfolded? Your once-sharp strategy would crumble, your moves guided by guesswork and uncertainty. This...
Combating Debanking in the Age of AI
Imagine coming back from a tiring day at work, eager to unwind and prepare for the weekend. You open your email, only to find a notification from your bank: your account has been closed without any warning. A wave of panic washes over you. How will you pay your bills?...
#TheAIAlphabet: T for Turing Olympics
The question of artificial intelligence (AI) has long intrigued humanity, with the idea of machines capable of thought and consciousness sparking both fascination and apprehension. One of the most prominent methods of evaluating AI progress has been the Turing Test,...
AI in the sky: Transforming travel experiences
“The ultimate travel agent”. That’s the vision that Airbnb CEO Brian Chesky has for the vacation and short-term rental platform. One of the many steps to unlocking that vision is the sustained and strategic use of Artificial Intelligence (AI). And their first...
Why ‘AI’ is the right choice for Word of the Year 2023
Two letters. But what an impact they have had this year! Little wonder then that Artificial Intelligence, or AI, has been chosen as the ‘Word of the Year 2023’ by the Collins Dictionary. This is not surprising for an AI-led company like Crayon Data. In fact, it was...
#OnTheShouldersOf Claude Shannon
Claude Shannon was an American mathematician, electrical engineer, and cryptographer who made groundbreaking contributions to various fields of science and technology. He is regarded as the "Father of Information Theory" due to his pioneering work in digital...
#TheAIAlphabet: S for Stochastic Parrots
Imagine a parrot that can mimic human speech perfectly, but has no idea what it's saying. That's the idea behind a "stochastic parrot," a term coined by researchers to describe large language models (LLMs) that are good at generating human-like text, but don't...
Transforming Finance: The Machine Learning Revolution
In the dynamic landscape of technological innovation, one term is making waves across industries—Machine Learning (ML). As a subset of artificial intelligence (AI), ML is redefining the way we approach problem-solving, and the financial sector is no exception. Here,...
#TheAIAlphabet: R for Responsible AI
Imagine a world where every step you take, every word you utter, every choice you make is carefully observed, recorded, and analyzed by an invisible entity. This entity, let's call it "The Observer," uses this vast trove of data to predict your future behavior,...
Banking the Unbanked: The Path to Financial Inclusion in Africa
The inception of FinTechs promoting financial inclusion in Africa can be traced back to Kenya in 2007. Safaricom, a Kenyan mobile network operator affiliated with Vodafone, observed customers using prepaid airtime as a form of currency. This observation led to the...
#OnTheShouldersOf Sebastian Thrun
Sebastian Thrun is a prominent figure in the field of artificial intelligence, robotics, and autonomous systems. Thrun's career took off when he joined Stanford University as a professor in the Department of Computer Science. Here, he became known for his...
#TheAIAlphabet: Q for Quantum AI
“Why was the quantum AI always so calm and composed? Because it never had any bits of anxiety, only qubits of serenity!” AI is revolutionizing our world by creating machines and systems that mimic human intelligence and beyond. However, the increasing complexity and...
Is Edge AI the next big artificial intelligence trend?
As technology evolves on a day-to-day basis, it combines multiple facets to create ingenious results. We’re seeing Generative AI being incorporated into wearables. IoT is converging with machine learning and AI. As is edge computing. In fact, multiple predictions...
#OnTheShouldersOf Fei-Fei Li
Fei-Fei Li is renowned for her groundbreaking work in artificial intelligence (AI) and computer vision. Her work in AI encompasses various contributions, from foundational datasets and algorithms in computer vision to pushing the boundaries of deep learning's...
#TheAIAlphabet: P for Pre-Trained Models
You know how you'd sometimes get stuck on a tough level while playing a video game? And desperately wished for a magical power-up? Well, pre-trained models are like those power-ups, but for computers and artificial intelligence! So, here's the scoop in simple terms:...
#OnTheShouldersOf Geoffrey Hinton
Geoffrey Everest Hinton is a pioneering figure in artificial intelligence and deep learning. Hinton's work has profoundly impacted the development of neural networks and machine learning, making him one of the most influential figures in the AI community. Hinton's...
#TheAIAlphabet: O for Orthogonality Thesis
The Orthogonality Thesis is the idea that when it comes to advanced AI, two important things - intelligence and motivation - can work independently of each other. In simpler terms, you can have a super-smart AI that's really good at doing things, but it might not...
How legalese is getting a Gen AI-powered makeover in the banking world
Artificial Intelligence (AI) has been a game-changer across various industries, and the legal and contracting domain is no exception. Traditionally, the legal sector has been notorious for its heaps of paperwork, time-consuming research, and expensive legal fees. AI...
Travel Marketplace-as-a-Service (MaaS): The magic of maya.ai for the holiday season
‘Tis (almost) the season to be jolly... And travel! Customers are busy making plans for the holidays. This includes booking tickets, making hotel reservations, and shopping up a storm. At the heart of this spending spree is the ever-present artificial intelligence...
#OnTheShouldersOf Raj Reddy
Meet the brilliant mind who is often regarded as the Father of Indian AI. Raj Reddy was born in Chittoor district, Andhra Pradesh, India, in 1937. He studied civil engineering at the College of Engineering Guindy, Chennai. After a master's degree from the...
#TheAIAlphabet: N for Neurosymbolic Learning
How do you make a peanut butter and jelly sandwich? In front of you, you see bread, peanut butter, and jelly. You know what to do. But how do you know what to do next? To put it simply, your brain combines the knowledge of what each ingredient is and how they...
How Explainable AI (XAI) is revolutionizing fintech
In the ever-evolving world of fintech, where algorithms help make critical financial decisions, a new player has emerged. Explainable AI (XAI) has evolved beyond the realm of helping creators and users of AI models understand how these models make decisions. In...
Marketplace-as-a-Service: The key to accelerating banking revenue
From digital wallets to contactless payments, the banking sector is constantly transforming. And the focus has been on creating customer experiences that make a difference to the bank’s bottom line. The most effective way to do this: a marketplace. Many banks...
#OnTheShouldersOf Demis Hassabis
Demis Hassabis is a British artificial intelligence researcher and entrepreneur, a name synonymous with the cutting-edge advancement of artificial intelligence. He is best known as the co-founder and CEO of DeepMind, a British AI company acquired by Google in 2014. He...
#TheAIAlphabet: M for Machine Consciousness
Consciousness is the awareness of one's own existence and surroundings. It is a complex phenomenon that is not fully understood, even in humans. So how can we tell if a machine is conscious? There is no definitive answer to this question. But one way to think about it...
#TheAIAlphabet: L for Long Short Term Memory (LSTM)
How does a restaurant server remember all the orders their customers have placed? They have a short-term memory, which can only hold a limited amount of information for a short period of time. So, if a customer places a complex order, they might have to write it down...
#OnTheShouldersOf Richard Sutton
Richard Sutton is a Canadian computer scientist and a prominent figure in the field of artificial intelligence, specifically in the field of reinforcement learning. A sub field of machine learning, reinforcement learning focuses on training agents to make sequential...
#TheAIAlphabet: K for Kalman Filtering
You're in a crowded room, trying to listen to someone who is speaking softly. The surrounding chatter makes it hard to hear clearly. This is similar to dealing with noisy data. Kalman Filtering steps in like a noise-canceling headset, filtering out the distracting...
A one-size-fits-all solution is unlikely to apply to hybrid work
Date: September 12, 2023 Source: Deccan Herald Many companies have embraced hybrid work as the most viable work arrangement to even out the pros and cons. Though children have been herded back to schools for in-person learning, the world of work has continued to...
#OnTheShoulderOf Cynthia Breazeal
Cynthia Breazeal is an American robotic scientist, entrepreneur, and researcher known for her work in social robotics. She focuses on the intersection of artificial intelligence, robotics, and human-computer interaction. She is a professor at MIT, where she founded...
#TheAIAlphabet: J for Jaccard Index
In the vast world of data analysis, one tool that stands out for its simplicity and effectiveness is the Jaccard Index. While it sounds like a complex mathematical concept, it's quite straightforward and incredibly useful. So, how can it help you make sense of your...
#OnTheShouldersOf Ray Kurzweil
Ray Kurzweil is an American computer scientist, luminary thinker, and inventor who’s synonymous with technological foresight and groundbreaking creations. With a career spanning over five decades, he has woven himself into the fabric of technological evolution,...
#TheAIAlphabet series: I for Inverse Reinforcement Learning
How would you teach a robot to play soccer? You can't just tell it what to do, because it needs to learn for itself. So, you start by allowing it to observe the behavior of a human soccer player. This is where Inverse Reinforcement Learning (IRL) steps in. With IRL,...
#OnTheShouldersOf John McCarthy
John McCarthy was an American computer and cognitive scientist popularly dubbed the "father of artificial intelligence". And rightly so, since he coined the term back in the 1950s. His spirit of curiosity led him to explore the theoretical underpinnings of AI and lay...
#TheAIAlphabet series: H for Human in the Loop
Imagine you are a doctor, trying to diagnose a patient with a rare disease. You have access to all the latest medical research and AI-powered diagnostic tools. But you still need to rely on your expertise and judgment to make the best decision for your patient. This...
More Singapore start-ups scale up in India – the gateway to Asia, Europe
Date: August 27, 2023 Source: The Straits Times BENGALURU/CHENNAI – More Singapore start-ups are setting up offices in India to scale up their technology in a large and diverse market that is fast becoming a gateway to Asia and Europe. From satellite mapping and...
#OnTheShouldersOf CR Rao
"We study statistics with the main aim of solving problems in other disciplines." Today, #OnTheShouldersOf pays tribute to the legendary Indian-American mathematician and statistician Calyampudi Radhakrishna Rao. Born in Bellary district, Karnataka, his contribution...
#TheAIAlphabet: G for General Adversarial Networks
#TheAIAlphabet: G for General Adversarial Networks Theoretically, General Adversarial networks (GANs) are a machine learning model which consists of a generator and discriminator. What exactly are these two, and what exactly are their jobs? Imagine an art forger and a...
Why vector databases are key to enhanced AI and data analysis
In a data-driven world, it is critical to manage large chunks of data in a simple way. In the words of comedian Dave Chappelle... This is where solutions like vector databases come in. They are significant because of their ability to efficiently store and process...
#OnTheShouldersOf Marvin Minsky
Marvin Lee Minsky is considered one of the founding fathers of AI. He was an American cognitive scientist, computer scientist, and educator renowned for his groundbreaking contributions to artificial intelligence (AI). Minsky's work laid the groundwork for modern AI...
#TheAIAlphabet: F for Foundation Models
Foundation models are a type of artificial intelligence (AI) model trained on mountains of raw data, generally with unsupervised learning. Imagine asking your AI assistant to write a poem, create a new piece of music, or translate. With foundation models, these things...
#OnTheShouldersOf Jürgen Schmidhuber
A renowned computer scientist, his work on artificial neural networks has had a profound impact on the field. His research has led to the development of some of the most advanced AI systems in the world. In 1997, Schmidhuber co-authored a pivotal paper on LSTM...
#TheAIAlphabet: E for E3 Model
The E3 model stands for Efficient Ensemble Empowered by a few-shot learning model. E3 is a concept that combines ensemble learning with few-shot learning to create a more efficient and effective ensemble model. Ensemble learning involves combining predictions from...
Are digital wallets a catalyst for customer engagement and revenue growth?
Customers don’t care only about cost any more. Today, they want to feel connected to the brands and companies they choose to associate with. No matter what they want, they are spoilt for choice. What differentiates good and popular brands from the rest? Customer...
#OnTheShouldersOf Yann LeCun
The Turing Award-winning computer scientist who pioneered machine learning and computer vision. He is dubbed the father of the Convolutional Neural Network (CNN), a type of network architecture that helps in image recognition. Not just rooted in academia, he was the...
#TheAIAlphabet: D for Deep Learning
In the mystical realm of artificial intelligence, an extraordinary force called "Deep Learning" has emerged. Think of it as a powerful web of interconnected neurons, enabling machines to learn, recognize patterns, and predict outcomes in ways never thought possible....
Why AI safety is important and how the UAE is committing to it
Date: August 1, 2023 Source: Wired In this Op-Ed by Suresh V Shankar, CEO of Crayon Data, discusses how the Frontier Model Forum's mission resonates with the UAE's vision for AI development. Generative AI – the current big thing everyone talks about. Globally,...
Recent Articles and Press
Unlocking the Personalization Promise: What Banks Must Deliver
In today's world, where every customer interaction is a potential goldmine, banks are scrambling to deliver personalized experiences that set them apart from the competition. But what does personalization really mean in the context of banking? It's about understanding...
#OnTheShouldersOf Judea Pearl
Judea Pearl is an Israeli-American computer scientist best known for his groundbreaking work in causal reasoning and Bayesian networks. These networks have been instrumental in various fields, including medicine, economics, and engineering, allowing researchers to...
#OnTheShouldersOf Yoshua Bengio
Yoshua Bengio is a Canadian computer scientist who has made significant contributions to the advancement of machine learning and neural networks, which have profoundly impacted various industries and technologies. Bengio has received numerous accolades for his work,...
#TheAIAlphabet: U for Unawareness
Imagine you're a skilled chess player, effortlessly anticipating your opponent's moves and maneuvering your pieces to victory. But what if you were suddenly blindfolded? Your once-sharp strategy would crumble, your moves guided by guesswork and uncertainty. This...
Combating Debanking in the Age of AI
Imagine coming back from a tiring day at work, eager to unwind and prepare for the weekend. You open your email, only to find a notification from your bank: your account has been closed without any warning. A wave of panic washes over you. How will you pay your bills?...
#TheAIAlphabet: T for Turing Olympics
The question of artificial intelligence (AI) has long intrigued humanity, with the idea of machines capable of thought and consciousness sparking both fascination and apprehension. One of the most prominent methods of evaluating AI progress has been the Turing Test,...
AI in the sky: Transforming travel experiences
“The ultimate travel agent”. That’s the vision that Airbnb CEO Brian Chesky has for the vacation and short-term rental platform. One of the many steps to unlocking that vision is the sustained and strategic use of Artificial Intelligence (AI). And their first...
Why ‘AI’ is the right choice for Word of the Year 2023
Two letters. But what an impact they have had this year! Little wonder then that Artificial Intelligence, or AI, has been chosen as the ‘Word of the Year 2023’ by the Collins Dictionary. This is not surprising for an AI-led company like Crayon Data. In fact, it was...
#OnTheShouldersOf Claude Shannon
Claude Shannon was an American mathematician, electrical engineer, and cryptographer who made groundbreaking contributions to various fields of science and technology. He is regarded as the "Father of Information Theory" due to his pioneering work in digital...
#TheAIAlphabet: S for Stochastic Parrots
Imagine a parrot that can mimic human speech perfectly, but has no idea what it's saying. That's the idea behind a "stochastic parrot," a term coined by researchers to describe large language models (LLMs) that are good at generating human-like text, but don't...
Transforming Finance: The Machine Learning Revolution
In the dynamic landscape of technological innovation, one term is making waves across industries—Machine Learning (ML). As a subset of artificial intelligence (AI), ML is redefining the way we approach problem-solving, and the financial sector is no exception. Here,...
#TheAIAlphabet: R for Responsible AI
Imagine a world where every step you take, every word you utter, every choice you make is carefully observed, recorded, and analyzed by an invisible entity. This entity, let's call it "The Observer," uses this vast trove of data to predict your future behavior,...
Banking the Unbanked: The Path to Financial Inclusion in Africa
The inception of FinTechs promoting financial inclusion in Africa can be traced back to Kenya in 2007. Safaricom, a Kenyan mobile network operator affiliated with Vodafone, observed customers using prepaid airtime as a form of currency. This observation led to the...
#OnTheShouldersOf Sebastian Thrun
Sebastian Thrun is a prominent figure in the field of artificial intelligence, robotics, and autonomous systems. Thrun's career took off when he joined Stanford University as a professor in the Department of Computer Science. Here, he became known for his...
#TheAIAlphabet: Q for Quantum AI
“Why was the quantum AI always so calm and composed? Because it never had any bits of anxiety, only qubits of serenity!” AI is revolutionizing our world by creating machines and systems that mimic human intelligence and beyond. However, the increasing complexity and...
Is Edge AI the next big artificial intelligence trend?
As technology evolves on a day-to-day basis, it combines multiple facets to create ingenious results. We’re seeing Generative AI being incorporated into wearables. IoT is converging with machine learning and AI. As is edge computing. In fact, multiple predictions...
#OnTheShouldersOf Fei-Fei Li
Fei-Fei Li is renowned for her groundbreaking work in artificial intelligence (AI) and computer vision. Her work in AI encompasses various contributions, from foundational datasets and algorithms in computer vision to pushing the boundaries of deep learning's...
#TheAIAlphabet: P for Pre-Trained Models
You know how you'd sometimes get stuck on a tough level while playing a video game? And desperately wished for a magical power-up? Well, pre-trained models are like those power-ups, but for computers and artificial intelligence! So, here's the scoop in simple terms:...
#OnTheShouldersOf Geoffrey Hinton
Geoffrey Everest Hinton is a pioneering figure in artificial intelligence and deep learning. Hinton's work has profoundly impacted the development of neural networks and machine learning, making him one of the most influential figures in the AI community. Hinton's...
#TheAIAlphabet: O for Orthogonality Thesis
The Orthogonality Thesis is the idea that when it comes to advanced AI, two important things - intelligence and motivation - can work independently of each other. In simpler terms, you can have a super-smart AI that's really good at doing things, but it might not...
How legalese is getting a Gen AI-powered makeover in the banking world
Artificial Intelligence (AI) has been a game-changer across various industries, and the legal and contracting domain is no exception. Traditionally, the legal sector has been notorious for its heaps of paperwork, time-consuming research, and expensive legal fees. AI...
Travel Marketplace-as-a-Service (MaaS): The magic of maya.ai for the holiday season
‘Tis (almost) the season to be jolly... And travel! Customers are busy making plans for the holidays. This includes booking tickets, making hotel reservations, and shopping up a storm. At the heart of this spending spree is the ever-present artificial intelligence...
#OnTheShouldersOf Raj Reddy
Meet the brilliant mind who is often regarded as the Father of Indian AI. Raj Reddy was born in Chittoor district, Andhra Pradesh, India, in 1937. He studied civil engineering at the College of Engineering Guindy, Chennai. After a master's degree from the...
#TheAIAlphabet: N for Neurosymbolic Learning
How do you make a peanut butter and jelly sandwich? In front of you, you see bread, peanut butter, and jelly. You know what to do. But how do you know what to do next? To put it simply, your brain combines the knowledge of what each ingredient is and how they...
How Explainable AI (XAI) is revolutionizing fintech
In the ever-evolving world of fintech, where algorithms help make critical financial decisions, a new player has emerged. Explainable AI (XAI) has evolved beyond the realm of helping creators and users of AI models understand how these models make decisions. In...
Marketplace-as-a-Service: The key to accelerating banking revenue
From digital wallets to contactless payments, the banking sector is constantly transforming. And the focus has been on creating customer experiences that make a difference to the bank’s bottom line. The most effective way to do this: a marketplace. Many banks...
#OnTheShouldersOf Demis Hassabis
Demis Hassabis is a British artificial intelligence researcher and entrepreneur, a name synonymous with the cutting-edge advancement of artificial intelligence. He is best known as the co-founder and CEO of DeepMind, a British AI company acquired by Google in 2014. He...
#TheAIAlphabet: M for Machine Consciousness
Consciousness is the awareness of one's own existence and surroundings. It is a complex phenomenon that is not fully understood, even in humans. So how can we tell if a machine is conscious? There is no definitive answer to this question. But one way to think about it...
#TheAIAlphabet: L for Long Short Term Memory (LSTM)
How does a restaurant server remember all the orders their customers have placed? They have a short-term memory, which can only hold a limited amount of information for a short period of time. So, if a customer places a complex order, they might have to write it down...
#OnTheShouldersOf Richard Sutton
Richard Sutton is a Canadian computer scientist and a prominent figure in the field of artificial intelligence, specifically in the field of reinforcement learning. A sub field of machine learning, reinforcement learning focuses on training agents to make sequential...
#TheAIAlphabet: K for Kalman Filtering
You're in a crowded room, trying to listen to someone who is speaking softly. The surrounding chatter makes it hard to hear clearly. This is similar to dealing with noisy data. Kalman Filtering steps in like a noise-canceling headset, filtering out the distracting...
A one-size-fits-all solution is unlikely to apply to hybrid work
Date: September 12, 2023 Source: Deccan Herald Many companies have embraced hybrid work as the most viable work arrangement to even out the pros and cons. Though children have been herded back to schools for in-person learning, the world of work has continued to...
#OnTheShoulderOf Cynthia Breazeal
Cynthia Breazeal is an American robotic scientist, entrepreneur, and researcher known for her work in social robotics. She focuses on the intersection of artificial intelligence, robotics, and human-computer interaction. She is a professor at MIT, where she founded...
#TheAIAlphabet: J for Jaccard Index
In the vast world of data analysis, one tool that stands out for its simplicity and effectiveness is the Jaccard Index. While it sounds like a complex mathematical concept, it's quite straightforward and incredibly useful. So, how can it help you make sense of your...
#OnTheShouldersOf Ray Kurzweil
Ray Kurzweil is an American computer scientist, luminary thinker, and inventor who’s synonymous with technological foresight and groundbreaking creations. With a career spanning over five decades, he has woven himself into the fabric of technological evolution,...
#TheAIAlphabet series: I for Inverse Reinforcement Learning
How would you teach a robot to play soccer? You can't just tell it what to do, because it needs to learn for itself. So, you start by allowing it to observe the behavior of a human soccer player. This is where Inverse Reinforcement Learning (IRL) steps in. With IRL,...
#OnTheShouldersOf John McCarthy
John McCarthy was an American computer and cognitive scientist popularly dubbed the "father of artificial intelligence". And rightly so, since he coined the term back in the 1950s. His spirit of curiosity led him to explore the theoretical underpinnings of AI and lay...
#TheAIAlphabet series: H for Human in the Loop
Imagine you are a doctor, trying to diagnose a patient with a rare disease. You have access to all the latest medical research and AI-powered diagnostic tools. But you still need to rely on your expertise and judgment to make the best decision for your patient. This...
More Singapore start-ups scale up in India – the gateway to Asia, Europe
Date: August 27, 2023 Source: The Straits Times BENGALURU/CHENNAI – More Singapore start-ups are setting up offices in India to scale up their technology in a large and diverse market that is fast becoming a gateway to Asia and Europe. From satellite mapping and...
#OnTheShouldersOf CR Rao
"We study statistics with the main aim of solving problems in other disciplines." Today, #OnTheShouldersOf pays tribute to the legendary Indian-American mathematician and statistician Calyampudi Radhakrishna Rao. Born in Bellary district, Karnataka, his contribution...
#TheAIAlphabet: G for General Adversarial Networks
#TheAIAlphabet: G for General Adversarial Networks Theoretically, General Adversarial networks (GANs) are a machine learning model which consists of a generator and discriminator. What exactly are these two, and what exactly are their jobs? Imagine an art forger and a...
Why vector databases are key to enhanced AI and data analysis
In a data-driven world, it is critical to manage large chunks of data in a simple way. In the words of comedian Dave Chappelle... This is where solutions like vector databases come in. They are significant because of their ability to efficiently store and process...
#OnTheShouldersOf Marvin Minsky
Marvin Lee Minsky is considered one of the founding fathers of AI. He was an American cognitive scientist, computer scientist, and educator renowned for his groundbreaking contributions to artificial intelligence (AI). Minsky's work laid the groundwork for modern AI...
#TheAIAlphabet: F for Foundation Models
Foundation models are a type of artificial intelligence (AI) model trained on mountains of raw data, generally with unsupervised learning. Imagine asking your AI assistant to write a poem, create a new piece of music, or translate. With foundation models, these things...
#OnTheShouldersOf Jürgen Schmidhuber
A renowned computer scientist, his work on artificial neural networks has had a profound impact on the field. His research has led to the development of some of the most advanced AI systems in the world. In 1997, Schmidhuber co-authored a pivotal paper on LSTM...
#TheAIAlphabet: E for E3 Model
The E3 model stands for Efficient Ensemble Empowered by a few-shot learning model. E3 is a concept that combines ensemble learning with few-shot learning to create a more efficient and effective ensemble model. Ensemble learning involves combining predictions from...
Are digital wallets a catalyst for customer engagement and revenue growth?
Customers don’t care only about cost any more. Today, they want to feel connected to the brands and companies they choose to associate with. No matter what they want, they are spoilt for choice. What differentiates good and popular brands from the rest? Customer...
#OnTheShouldersOf Yann LeCun
The Turing Award-winning computer scientist who pioneered machine learning and computer vision. He is dubbed the father of the Convolutional Neural Network (CNN), a type of network architecture that helps in image recognition. Not just rooted in academia, he was the...
#TheAIAlphabet: D for Deep Learning
In the mystical realm of artificial intelligence, an extraordinary force called "Deep Learning" has emerged. Think of it as a powerful web of interconnected neurons, enabling machines to learn, recognize patterns, and predict outcomes in ways never thought possible....
Why AI safety is important and how the UAE is committing to it
Date: August 1, 2023 Source: Wired In this Op-Ed by Suresh V Shankar, CEO of Crayon Data, discusses how the Frontier Model Forum's mission resonates with the UAE's vision for AI development. Generative AI – the current big thing everyone talks about. Globally,...
Recent Articles and Press
Unlocking the Personalization Promise: What Banks Must Deliver
In today's world, where every customer interaction is a potential goldmine, banks are scrambling to deliver personalized experiences that set them apart from the competition. But what does personalization really mean in the context of banking? It's about understanding...
#OnTheShouldersOf Judea Pearl
Judea Pearl is an Israeli-American computer scientist best known for his groundbreaking work in causal reasoning and Bayesian networks. These networks have been instrumental in various fields, including medicine, economics, and engineering, allowing researchers to...
#OnTheShouldersOf Yoshua Bengio
Yoshua Bengio is a Canadian computer scientist who has made significant contributions to the advancement of machine learning and neural networks, which have profoundly impacted various industries and technologies. Bengio has received numerous accolades for his work,...
#TheAIAlphabet: U for Unawareness
Imagine you're a skilled chess player, effortlessly anticipating your opponent's moves and maneuvering your pieces to victory. But what if you were suddenly blindfolded? Your once-sharp strategy would crumble, your moves guided by guesswork and uncertainty. This...
Combating Debanking in the Age of AI
Imagine coming back from a tiring day at work, eager to unwind and prepare for the weekend. You open your email, only to find a notification from your bank: your account has been closed without any warning. A wave of panic washes over you. How will you pay your bills?...
#TheAIAlphabet: T for Turing Olympics
The question of artificial intelligence (AI) has long intrigued humanity, with the idea of machines capable of thought and consciousness sparking both fascination and apprehension. One of the most prominent methods of evaluating AI progress has been the Turing Test,...
AI in the sky: Transforming travel experiences
“The ultimate travel agent”. That’s the vision that Airbnb CEO Brian Chesky has for the vacation and short-term rental platform. One of the many steps to unlocking that vision is the sustained and strategic use of Artificial Intelligence (AI). And their first...
Why ‘AI’ is the right choice for Word of the Year 2023
Two letters. But what an impact they have had this year! Little wonder then that Artificial Intelligence, or AI, has been chosen as the ‘Word of the Year 2023’ by the Collins Dictionary. This is not surprising for an AI-led company like Crayon Data. In fact, it was...
#OnTheShouldersOf Claude Shannon
Claude Shannon was an American mathematician, electrical engineer, and cryptographer who made groundbreaking contributions to various fields of science and technology. He is regarded as the "Father of Information Theory" due to his pioneering work in digital...
#TheAIAlphabet: S for Stochastic Parrots
Imagine a parrot that can mimic human speech perfectly, but has no idea what it's saying. That's the idea behind a "stochastic parrot," a term coined by researchers to describe large language models (LLMs) that are good at generating human-like text, but don't...
Transforming Finance: The Machine Learning Revolution
In the dynamic landscape of technological innovation, one term is making waves across industries—Machine Learning (ML). As a subset of artificial intelligence (AI), ML is redefining the way we approach problem-solving, and the financial sector is no exception. Here,...
#TheAIAlphabet: R for Responsible AI
Imagine a world where every step you take, every word you utter, every choice you make is carefully observed, recorded, and analyzed by an invisible entity. This entity, let's call it "The Observer," uses this vast trove of data to predict your future behavior,...
Banking the Unbanked: The Path to Financial Inclusion in Africa
The inception of FinTechs promoting financial inclusion in Africa can be traced back to Kenya in 2007. Safaricom, a Kenyan mobile network operator affiliated with Vodafone, observed customers using prepaid airtime as a form of currency. This observation led to the...
#OnTheShouldersOf Sebastian Thrun
Sebastian Thrun is a prominent figure in the field of artificial intelligence, robotics, and autonomous systems. Thrun's career took off when he joined Stanford University as a professor in the Department of Computer Science. Here, he became known for his...
#TheAIAlphabet: Q for Quantum AI
“Why was the quantum AI always so calm and composed? Because it never had any bits of anxiety, only qubits of serenity!” AI is revolutionizing our world by creating machines and systems that mimic human intelligence and beyond. However, the increasing complexity and...
Is Edge AI the next big artificial intelligence trend?
As technology evolves on a day-to-day basis, it combines multiple facets to create ingenious results. We’re seeing Generative AI being incorporated into wearables. IoT is converging with machine learning and AI. As is edge computing. In fact, multiple predictions...
#OnTheShouldersOf Fei-Fei Li
Fei-Fei Li is renowned for her groundbreaking work in artificial intelligence (AI) and computer vision. Her work in AI encompasses various contributions, from foundational datasets and algorithms in computer vision to pushing the boundaries of deep learning's...
#TheAIAlphabet: P for Pre-Trained Models
You know how you'd sometimes get stuck on a tough level while playing a video game? And desperately wished for a magical power-up? Well, pre-trained models are like those power-ups, but for computers and artificial intelligence! So, here's the scoop in simple terms:...
#OnTheShouldersOf Geoffrey Hinton
Geoffrey Everest Hinton is a pioneering figure in artificial intelligence and deep learning. Hinton's work has profoundly impacted the development of neural networks and machine learning, making him one of the most influential figures in the AI community. Hinton's...
#TheAIAlphabet: O for Orthogonality Thesis
The Orthogonality Thesis is the idea that when it comes to advanced AI, two important things - intelligence and motivation - can work independently of each other. In simpler terms, you can have a super-smart AI that's really good at doing things, but it might not...
How legalese is getting a Gen AI-powered makeover in the banking world
Artificial Intelligence (AI) has been a game-changer across various industries, and the legal and contracting domain is no exception. Traditionally, the legal sector has been notorious for its heaps of paperwork, time-consuming research, and expensive legal fees. AI...
Travel Marketplace-as-a-Service (MaaS): The magic of maya.ai for the holiday season
‘Tis (almost) the season to be jolly... And travel! Customers are busy making plans for the holidays. This includes booking tickets, making hotel reservations, and shopping up a storm. At the heart of this spending spree is the ever-present artificial intelligence...
#OnTheShouldersOf Raj Reddy
Meet the brilliant mind who is often regarded as the Father of Indian AI. Raj Reddy was born in Chittoor district, Andhra Pradesh, India, in 1937. He studied civil engineering at the College of Engineering Guindy, Chennai. After a master's degree from the...
#TheAIAlphabet: N for Neurosymbolic Learning
How do you make a peanut butter and jelly sandwich? In front of you, you see bread, peanut butter, and jelly. You know what to do. But how do you know what to do next? To put it simply, your brain combines the knowledge of what each ingredient is and how they...
How Explainable AI (XAI) is revolutionizing fintech
In the ever-evolving world of fintech, where algorithms help make critical financial decisions, a new player has emerged. Explainable AI (XAI) has evolved beyond the realm of helping creators and users of AI models understand how these models make decisions. In...
Marketplace-as-a-Service: The key to accelerating banking revenue
From digital wallets to contactless payments, the banking sector is constantly transforming. And the focus has been on creating customer experiences that make a difference to the bank’s bottom line. The most effective way to do this: a marketplace. Many banks...
#OnTheShouldersOf Demis Hassabis
Demis Hassabis is a British artificial intelligence researcher and entrepreneur, a name synonymous with the cutting-edge advancement of artificial intelligence. He is best known as the co-founder and CEO of DeepMind, a British AI company acquired by Google in 2014. He...
#TheAIAlphabet: M for Machine Consciousness
Consciousness is the awareness of one's own existence and surroundings. It is a complex phenomenon that is not fully understood, even in humans. So how can we tell if a machine is conscious? There is no definitive answer to this question. But one way to think about it...
#TheAIAlphabet: L for Long Short Term Memory (LSTM)
How does a restaurant server remember all the orders their customers have placed? They have a short-term memory, which can only hold a limited amount of information for a short period of time. So, if a customer places a complex order, they might have to write it down...
#OnTheShouldersOf Richard Sutton
Richard Sutton is a Canadian computer scientist and a prominent figure in the field of artificial intelligence, specifically in the field of reinforcement learning. A sub field of machine learning, reinforcement learning focuses on training agents to make sequential...
#TheAIAlphabet: K for Kalman Filtering
You're in a crowded room, trying to listen to someone who is speaking softly. The surrounding chatter makes it hard to hear clearly. This is similar to dealing with noisy data. Kalman Filtering steps in like a noise-canceling headset, filtering out the distracting...
A one-size-fits-all solution is unlikely to apply to hybrid work
Date: September 12, 2023 Source: Deccan Herald Many companies have embraced hybrid work as the most viable work arrangement to even out the pros and cons. Though children have been herded back to schools for in-person learning, the world of work has continued to...
#OnTheShoulderOf Cynthia Breazeal
Cynthia Breazeal is an American robotic scientist, entrepreneur, and researcher known for her work in social robotics. She focuses on the intersection of artificial intelligence, robotics, and human-computer interaction. She is a professor at MIT, where she founded...
#TheAIAlphabet: J for Jaccard Index
In the vast world of data analysis, one tool that stands out for its simplicity and effectiveness is the Jaccard Index. While it sounds like a complex mathematical concept, it's quite straightforward and incredibly useful. So, how can it help you make sense of your...
#OnTheShouldersOf Ray Kurzweil
Ray Kurzweil is an American computer scientist, luminary thinker, and inventor who’s synonymous with technological foresight and groundbreaking creations. With a career spanning over five decades, he has woven himself into the fabric of technological evolution,...
#TheAIAlphabet series: I for Inverse Reinforcement Learning
How would you teach a robot to play soccer? You can't just tell it what to do, because it needs to learn for itself. So, you start by allowing it to observe the behavior of a human soccer player. This is where Inverse Reinforcement Learning (IRL) steps in. With IRL,...
#OnTheShouldersOf John McCarthy
John McCarthy was an American computer and cognitive scientist popularly dubbed the "father of artificial intelligence". And rightly so, since he coined the term back in the 1950s. His spirit of curiosity led him to explore the theoretical underpinnings of AI and lay...
#TheAIAlphabet series: H for Human in the Loop
Imagine you are a doctor, trying to diagnose a patient with a rare disease. You have access to all the latest medical research and AI-powered diagnostic tools. But you still need to rely on your expertise and judgment to make the best decision for your patient. This...
More Singapore start-ups scale up in India – the gateway to Asia, Europe
Date: August 27, 2023 Source: The Straits Times BENGALURU/CHENNAI – More Singapore start-ups are setting up offices in India to scale up their technology in a large and diverse market that is fast becoming a gateway to Asia and Europe. From satellite mapping and...
#OnTheShouldersOf CR Rao
"We study statistics with the main aim of solving problems in other disciplines." Today, #OnTheShouldersOf pays tribute to the legendary Indian-American mathematician and statistician Calyampudi Radhakrishna Rao. Born in Bellary district, Karnataka, his contribution...
#TheAIAlphabet: G for General Adversarial Networks
#TheAIAlphabet: G for General Adversarial Networks Theoretically, General Adversarial networks (GANs) are a machine learning model which consists of a generator and discriminator. What exactly are these two, and what exactly are their jobs? Imagine an art forger and a...
Why vector databases are key to enhanced AI and data analysis
In a data-driven world, it is critical to manage large chunks of data in a simple way. In the words of comedian Dave Chappelle... This is where solutions like vector databases come in. They are significant because of their ability to efficiently store and process...
#OnTheShouldersOf Marvin Minsky
Marvin Lee Minsky is considered one of the founding fathers of AI. He was an American cognitive scientist, computer scientist, and educator renowned for his groundbreaking contributions to artificial intelligence (AI). Minsky's work laid the groundwork for modern AI...
#TheAIAlphabet: F for Foundation Models
Foundation models are a type of artificial intelligence (AI) model trained on mountains of raw data, generally with unsupervised learning. Imagine asking your AI assistant to write a poem, create a new piece of music, or translate. With foundation models, these things...
#OnTheShouldersOf Jürgen Schmidhuber
A renowned computer scientist, his work on artificial neural networks has had a profound impact on the field. His research has led to the development of some of the most advanced AI systems in the world. In 1997, Schmidhuber co-authored a pivotal paper on LSTM...
#TheAIAlphabet: E for E3 Model
The E3 model stands for Efficient Ensemble Empowered by a few-shot learning model. E3 is a concept that combines ensemble learning with few-shot learning to create a more efficient and effective ensemble model. Ensemble learning involves combining predictions from...
Are digital wallets a catalyst for customer engagement and revenue growth?
Customers don’t care only about cost any more. Today, they want to feel connected to the brands and companies they choose to associate with. No matter what they want, they are spoilt for choice. What differentiates good and popular brands from the rest? Customer...
#OnTheShouldersOf Yann LeCun
The Turing Award-winning computer scientist who pioneered machine learning and computer vision. He is dubbed the father of the Convolutional Neural Network (CNN), a type of network architecture that helps in image recognition. Not just rooted in academia, he was the...
#TheAIAlphabet: D for Deep Learning
In the mystical realm of artificial intelligence, an extraordinary force called "Deep Learning" has emerged. Think of it as a powerful web of interconnected neurons, enabling machines to learn, recognize patterns, and predict outcomes in ways never thought possible....
Why AI safety is important and how the UAE is committing to it
Date: August 1, 2023 Source: Wired In this Op-Ed by Suresh V Shankar, CEO of Crayon Data, discusses how the Frontier Model Forum's mission resonates with the UAE's vision for AI development. Generative AI – the current big thing everyone talks about. Globally,...