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Linear Digressions

Earlier this week, Waters’ sibling publication, Inside Data Management, hosted its annual North American Financial Information Summit (NAFIS). During the event, Stephen Morse, former head of global financial data partnerships at Twitter, spoke to the audience about how traders are mining data created through social media—and, specifically, through Twitter—to find a trading edge. After Anthony gives some information on how to vote in this year’s Waters Rankings, Stephen’s presentation will be played in full. See below for timestamps:

(0:00-2:30) Info on the Waters Rankings
(2:35) The start of Stephen’s presentation
(4:00) A look at the trends driving alternative data adoption and the types of data that’s increasingly being used
(6:40) A look specifically at social media data
(7:15) Then a look at Trump’s tweets moving markets
(8:30) Information that matters specifically for capital markets usage
(10:45) Some examples of crowd-sourced estimates data
(12:10) Some usage examples of sentiment analysis and volatility analysis
(16:35) Examples of consumer conversation for product/brand movements
(19:25) Examples of breaking news and event detection using Twitter
(25:35) Quick Q&A

Twitter Discussion

Episode 71: Social Data, Analytics and Trading

Picking up after last week's episode about maximal margin classifiers, this week we'll go into the kernel trick and how that (combined with maximal margin algorithms) gives us the much-vaunted support vector machine.

The Kernel Trick and Support Vector Machines

When we covered the Word2Vec algorithm for embedding words, we mentioned parenthetically that the word embeddings it produces can sometimes be a little bit less than ideal--in particular, gender bias from our society can creep into the embeddings and give results that are sexist. For example, occupational words like "doctor" and "nurse" are more highly aligned with "man" or "woman," which can create problems because these word embeddings are used in algorithms that help people find information or make decisions. However, a group of researchers has released a new paper detailing ways to de-bias the embeddings, so we retain gender info that's not particularly problematic (for example, "king" vs. "queen") while correcting bias.

Debiasing Word Embeddings

In order to shed more light on the growing applications of natural language processing, we speak with Vlad Sejnoha (CTO of Nuance Communications) about the current and near-term applications of NLP for voice and text across industries. In this podcast interview, Vlad breaks down real-world NLP use-cases in industries like banking, healthcare, automotive, and customer service. For the full article of this episode, visit:  TechEmergence.com/natural-language-processing-current-applications-and-future-possibilities

Natural Language Processing - Current Applications and Future Possibilities

One interesting trend we've noted recently is the proliferation of papers, articles and blog posts about data science that don't just tell the result--they include data and code that allow anyone to repeat the analysis. It's far from universal (for a timely counterpoint, read this article <http://www.sciencemag.org/news/2018/02/missing-data-hinder-replication-artificial-intelligence-studies>), but we seem to be moving toward a new normal where data science conclusions are expected to be shown, not just told.

Relevant links:
https://github.com/fivethirtyeight/data
https://blog.patricktriest.com/police-data-python/

Open Data and Open Science

A few weeks ago, we podcasted about a neural network that was being touted as "better than doctors" in diagnosing pneumonia from chest x-rays, and how the underlying dataset used to train the algorithm raised some serious questions. We're back again this week with further developments, as the author of the original blog post pointed us toward more developments. All in all, there's a lot more clarity now around how the authors arrived at their original "better than doctors" claim, and a number of adjustments and improvements as the original result was de/re-constructed. 

Anyway, there are a few things that are cool about this. First, it's a worthwhile follow-up to a popular recent episode. Second, it goes *inside* an analysis to see what things like imbalanced classes, outliers, and (possible) signal leakage can do to real science. And last, it raises a really interesting question in an age when computers are often claimed to be better than humans: what do those claims really mean?

Relevant links:
https://lukeoakdenrayner.wordpress.com/2018/01/24/chexnet-an-in-depth-review/

What makes a machine learning algorithm "superhuman"?

After all the back-patting around making data science datasets and code more openly available, we figured it was time to also dump a bucket of cold water on everyone's heads and talk about the things that can go wrong when data and code is a little too open. 

In this episode, we'll talk about two interesting recent examples: a de-identified medical dataset in Australia that was re-identified so specific celebrities and athletes could be matched to their medical records, and a series of military bases that were spotted in a public fitness tracker dataset.

When Private Data Isn't Private Anymore

This week's episodes is for data scientists, sure, but also for data science managers and executives at companies with data science teams. These folks all think very differently about the same question: what should a data science team be working on? And how should that decision be made? That's the subject of a talk that I (Katie) gave at Strata Data in early March, about how my co-department head and I select projects for our team to work on.

We have several goals in data science project selection at Civis Analytics (where I work), which can be summarized under "balance the best attributes of bottom-up and top-down decision-making." We achieve this balance, or at least get pretty close, using a process we've come to call the Idea Factory (after a great book about Bell Labs). This talk is about that process, how it works in the real world of a data science company and how we see it working in the data science programs of other companies.

Relevant links: https://conferences.oreilly.com/strata/strata-ca/public/schedule/detail/63905

How to pick projects for a professional data science team

If you've done image recognition or computer vision tasks with a neural network, you've probably used a convolutional neural net. This episode is all about the architecture and implementation details of convolutional networks, and the tricks that make them so good at image tasks.

Convolutional Neural Nets

A huge part of the ascent of deep learning in the last few years is related to advances in computer hardware that makes it possible to do the computational heavy lifting required to build models with thousands or even millions of tunable parameters. This week we'll pretend to be electrical engineers and talk about how modern machine learning is enabled by hardware.

CPUs, GPUs, TPUs: Hardware for Deep Learning

As machine learning models get into the hands of more and more users, there's an increasing expectation that black box isn't good enough: users want to understand why the model made a given prediction, not just what the prediction itself is. This is motivating a lot of work into feature important and model interpretability tools, and one of the most exciting new ones is based on Shapley Values from game theory. In this episode, we'll explain what Shapley Values are and how they make a cool approach to feature importance for machine learning.

Game Theory for Model Interpretability: Shapley Values

Open source software is ubiquitous throughout data science, and enables the work of nearly every data scientist in some way or another. Open source projects, however, are disproportionately maintained by a small number of individuals, some of whom are institutionally supported, but many of whom do this maintenance on a purely volunteer basis. The health of the data science ecosystem depends on the support of open source projects, on an individual and institutional level.

https://hdsr.mitpress.mit.edu/pub/xsrt4zs2/release/2

The Data Science Open Source Ecosystem

This is a re-release of an episode that originally ran in October 2019.

If you’re trying to manage a project that serves up analytics data for a few very distinct uses, you’d be wise to consider having custom solutions for each use case that are optimized for the needs and constraints of that use cases. You also wouldn’t be YouTube, which found themselves with this problem (gigantic data needs and several very different use cases of what they needed to do with that data) and went a different way: they built one analytics data system to serve them all. Procella, the system they built, is the topic of our episode today: by deconstructing the system, we dig into the four motivating uses of this system, the complexity they had to introduce to service all four uses simultaneously, and the impressive engineering that has to go into building something that “just works.”

Procella: YouTube's super-system for analytics data storage

A few weeks ago, we put out a call for data scientists interested in issues of race and racism, or people studying how those topics can be studied with data science methods, should get in touch to come talk to our audience about their work. This week we’re excited to bring on Todd Hendricks, Bay Area data scientist and a volunteer who reached out to tell us about his studies with the Stanford Open Policing dataset.

A Data Science Take on Open Policing Data

The data science and artificial intelligence community has made amazing strides in the past few years to algorithmically automate portions of the healthcare process. This episode looks at two computer vision algorithms, one that diagnoses diabetic retinopathy and another that classifies liver cancer, and asks the question—are patients now getting better care, and achieving better outcomes, with these algorithms in the mix? The answer isn’t no, exactly, but it’s not a resounding yes, because these algorithms interact with a very complex system (the healthcare system) and other shortcomings of that system are proving hard to automate away. Getting a faster diagnosis from an image might not be an improvement if the image is now harder to capture (because of strict data quality requirements associated with the algorithm that wouldn’t stop a human doing the same job). Likewise, an algorithm getting a prediction mostly correct might not be an overall benefit if it introduces more dramatic failures when the prediction happens to be wrong. For every data scientist whose work is deployed into some kind of product, and is being used to solve real-world problems, these papers underscore how important and difficult it is to consider all the context around those problems.

A Reality Check on AI-Driven Medical Assistants

All good things must come to an end, including this podcast. This is the last episode we plan to release, and it doesn’t cover data science—it’s mostly reminiscing, thanking our wonderful audience (that’s you!), and marveling at how this thing that started out as a side project grew into a huge part of our lives for over 5 years.

It’s been a ride, and a real pleasure and privilege to talk to you each week. Thanks, best wishes, and good night!

—Katie and Ben