The future of getting dressed: AI, VR and smart fabrics

Cher Horowitz’s closet from the film “Clueless” had a futuristic computer system that helped her put together outfits. Back in 1995, the concept teased what it might be like to get dressed in the future.
Technology has evolved a lot since then, but closets have been largely untouched by innovation.
Now, that’s starting to change.
“If algorithms do their job well, people will spend less time thinking about what to wear,” said Ranjitha Kumar, an assistant professor in the Department of Computer Science at the University of Illinois at Urbana-Champaign.
From artificial intelligence and gadgets to smart fabrics and virtual reality, technology is poised to breathe innovation into not only how we dress but how we shop.
The most recognizable example is Amazon’s Echo Look, which received significant buzz when it was announced earlier this year. The gadget ($200) serves as a style assistant to help you decide what to wear.
Like Amazon’s other smart speakers, the Echo Look will tell you the weather or play music. But the oval-shaped product also has a voice-controlled camera for taking photos of you in various outfits. It works alongside an app.
After snapping photos of you in two outfits in front of the device, its built-in Style Check tool decides which one is best. It leans on a combination of machine learning technology and human opinion.
Amazon’s “fashion specialists” train the software to be a judge of style. The automated results consider “fit, color, styling, seasons and current trends.” It’ll also suggest similar styles to buy from various brands. Through testing, we found that the suggestions can be hit or miss.
“The brand selection is pretty limited, and while the Echo Look may help you decide between two looks, it can’t take into account the total context of where you’re going,” said personal stylist and creative director Taylor Okata.
Okata, whose clients include E! and SELF Magazine, doesn’t consider the technology a threat to his work: “There’s just that interpersonal communication that it just doesn’t have.”
Meanwhile, retail experts say the Echo Look’s success will depend on if it adds more value than just asking a friend for fashion advice.
Sucharita Mulpuru, an analyst at research firm Forrester, said those buying the device are early adopters — and it lacks widespread appeal.
“It’s such a foreign concept to rely on a device to tell you what to wear,” she told CNN Tech.
Read the source article at CNNTech.com.
Source: AI Trends

How AI – Powered Robo advisors make finance efficient?

Robo-Advisors are digital platforms that provide algorithm fuelled financial advice online with little to no human interaction. This software basically collects data from clients regarding their financial situation and future goals. On the basis of the collected data and with the help of the machine learning algorithm the software automatically allocates, optimizes and manages its clients’ portfolio. The allocation of equity by the robo advisors is generally done on the basis of the client’s risk preferences and desired target return.

The artificial intelligence based robo advisory industry is still a small but extremely fast growing industry. Its powerful algorithms provide low cost wealth management solutions to its users. Without almost any human interference, the robo advisors make apt decisions for the smarter investment and wealth management of the assets. While robo advisors are of great help to inexperienced investors due to its automisation nature but it also is equally helpful to seasoned investors. Using machine learning and deep learning algorithms robo advisors purely make decisions on the basis of the data they are fed and as a result they are on most occasions very accurate and in favour of the client. Robo advisors use a very hands-off approach which is quite popular with people who are not experienced investors. Within this approach the client just has to give his desired amount of money to the robo advisor and using its algorithm and software it invests the money in the best possible way and helps the client grow. Another reason why artificial intelligent robo advisors are very helpful is because they are extremely convenient. One can easily view their account, portfolio and progress online with a mobile app etc. This sort of convenience only comes with digitalization.

In today’s world where everything is digital, robo advisors have arrived and taken the wealth management industry by storm and have brought in its inevitable digitalization. By the looks of it they are here to stay and only going to grow by leaps and bounds.

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Cognitive Computing Consortium Holds “Directions in Cognitive” Program at AI World 2017

Cognitive Computing Consortium Holds “Directions in Cognitive” Program at AI World 2017 Conference in Boston
Thought Leaders in AI and Cognitive Computing to Address the Latest Trends and Case Examples at New AI World Conference Program
Westboro, MA – November 14, 2017 – Cognitive Computing Consortium, a Boston-based think tank that supports a community of innovation on issues involving machine intelligence, will produce a full-day program called Directions in Cognitive to be held on Wednesday, December 13th at the AI World 2017 conference in Boston, Mass. Open to all AI World attendees and Consortium members with a conference VIP pass, Directions in Cognitive will deliver a wide-ranging set of keynotes and sessions devoted to practical challenges for experienced AI implementers as well as on tools and frameworks to help guide practitioners engaged in cognitive application development.
Directions in Cognitive will focus on the issues facing Cognitive Computing Consortium members, and other AI and cognitive computing applications professionals today, as they scope, design, build, and revise production applications for the enterprise,” said Hadley Reynolds, Managing Director, Cognitive Computing Consortium and Directions in Cognitive Chairperson. “The program presents the experience of practitioners working with applications in the field, as well as research-based frameworks for characterizing cognitive applications and understanding cognitive work profiles, skills, attributes, and knowledge. We present emerging technologies, the state of the market, and bring focus to important challenges in the area of ethical guidelines for these new applications.”
Jana Eggers, CEO of Nara Logics, will provide the opening Keynote at Directions in Cognitive. Additional speakers to participate in the program include:

Ronald Weissman, Chair of the Software Industry Group of the Band of Angels
David Weinberger, Sr. Researcher, Berkman Klein Center for Internet & Society, Harvard University
Leslie Owens, Executive Director, MIT-Sloan School Center for Information Systems Research
Clare Gillan, Lecturer, Babson College
Ganesan Shankar, Prof. Babson College – Technology, Operations, and Information Management
Finale Doshi-Velez, Asst. Professor of Computer Science, Harvard University
Larry Todd Wilson, Founder & Director, Knowledge Harvesting, Inc.
Gabi Zijderveld, CMO, Affectiva
Daniel Donohue, Partner, Keystone Strategies
Jeff Fried, CTO, BA-Insight
Tyler Schultz, VP, Veritone
Seth Earley, CEO, Earley Information Science
Gauthier Robe, VP, Coveo
Daniel Mayer, CEO, NA Expert Systems

Register today!
For further information and to view the Directions in Cognitive Conference Agenda, please visit https://aiworld.com/ccc-event/ To register, visit: https://aiworld.com/live-registration/. For Directions in Cognitive, use code AIW200CCC.
About AI World
AI World Conference and Expo is focused on the business and technology of artificial intelligence in the enterprise. AI World 2017 will be held in Boston, MA on December 11-13. The three-day conference and expo is designed for business and technology executives who want to learn about the state-of-the-practice of AI in the enterprise. AI World has become is the “must attend” event for enterprise executives and decision makers from Global 2000 organizations and business leaders from across the entire artificial intelligence and machine learning ecosystem. AI World 2016 was the largest independent enterprise AI, hosting more than 2,200 business executives, 110+ speakers and 65+ sponsors and exhibitors. To learn more, please visit www.aiworld.com.
About the Cognitive Computing Consortium
The Cognitive Computing Consortium is a membership consortium of private and public organizations and individuals whose mission is to facilitate the spread of knowledge and innovation in cognitive computing. The Consortium conducts research on the technical, managerial, and organizational aspects of cognitive computing. It acts as an advocate and central resource for cognitive computing thought leadership and education. It provides an impartial discussion forum for topics and issues related to cognitive computing. To learn more, please visit www.cognitivecomputingconsortium.com.
Media Contacts:
Katerina Kilmonis
AI World Marketing
kk@aiworld.com
+1 (508) 645-6978
Peter Gorman
For Cognitive Computing Consortium
Black Rocket Consulting, LLC.
pgorman@blackrocketconsulting.com
+1 (617) 669-4329
Source: AI Trends