It would require many different concepts to capture all our notions of the meaning of complexity. The concept that comes closest to what we usually mean is effective complexity (EC). Roughly speaking, the EC of
Understanding the types of financial algorithms At its core, an algorithm is a process or set of rules to be followed in calculations or other problem-solving operations. Common examples of rule-based algorithms include if-then statements, which can often be found in simple spreadsheets. For audi...
a common one comes froma 1971 textbookwritten by computer scientist Harold Stone, who states: “An algorithm is a set of rules that precisely define a sequence of operations.” This definition encompasses everything from recipes to complex neural networks: an audit policy based on it would be...
AI enhances automation technologies by expanding the range, complexity and number of tasks that can be automated. An example is robotic process automation (RPA), which automates repetitive, rules-based data processing tasks traditionally performed by humans. Because AI helps RPA bots adapt to new d...
What is a Vector Database? A vector database is an organized collection of vector embeddings that can be created, read, updated, and deleted at any point in time. Vector embeddings represent chunks of data, such as text or images, as numerical values....
An example of a minimum viable product is an ecommerce store selling a small selection of products in a specific niche with essential shopping cart functionality, but without advanced features like user reviews, custom designs, or algorithmic recommendations. ...
Finally, the relationship between algorithm and performance, to measure the quality of an algorithm, mainly evaluates time and space by the amount of data, which will directly affect the program performance in the end. Generally, the space utilization rate is small, and the time required is rela...
What is generative AI? Case study: Vistra and the Martin Lake Power Plant Generative AI(gen AI) is an AI model that generates content in response to a prompt. It’s clear that generative AI tools like ChatGPT and DALL-E (a tool for AI-generated art) have the potential to change how...
Neuromorphic computing is an emerging field of science with no real-world applications yet. Various groups have research underway, including universities; the U.S. military; and technology companies, such as Intel Labs and IBM. This article is part of ...
Splunk IT Service Intelligence (ITSI)is an AIOps, analytics and IT management solution that helps teams predict incidents before they impact customers. Using AI and machine learning, ITSI correlates data collected from monitoring sources and delivers a single live view of relevant IT and business ser...