DataMasher: Get Freakonomic On Government Data

first_imgTags:#conferences#crowdsourcing#Graphing Social Patterns#web 8 Best WordPress Hosting Solutions on the Market Top Reasons to Go With Managed WordPress Hosting If you’re a lobbyist / advocate, conspiracy theorist or Freakonomics fan, then you’ll love DataMasher. The map-based mash up site just took the Sunlight Foundation’s $10,000 grand prize in the Apps for America 2: The Data.gov Challenge. DataMasher offers users with no programming experience a chance to compare government data sets on a state-by-state basis. The tool is just one of the 3rd party mash ups using Data.gov’s federal government information. While the last Apps for America challenge focused on Congressional tracking, this new challenge encouraged participants to use Data.gov’s raw machine-readable data. Developers pulled stats from a slew of Federal agencies including the Bureau of Justice, the Bureau of Transportation and the Agency for Healthcare Research and Quality. Although this may seem like an easy feat, a number of government and semi-public agencies have been criticized for refusing to standardize public data. This recent Apps for America challenge is meant to encourage government transparency on all levels for the purpose of creating new citizen-driven solutions. Below are the winners of the challenge: First Place: DataMasher: This site offers an easy-to-use interface that allows regular citizens to combine and mix data sets without any programming knowledge. From here, data is displayed on a State-by-State basis in map format. Compare cancer hot spots to CO2 emissions, SAT scores to crime rates and even political contributions to State spending. Second Place: Gov Pulse: This application allows users to browse the Federal Register and create feeds on the most important proposals and information. Users can browse the latest government-related notices, respond to regulatory amendments and comment on everything from endangered species to homeland security. Third Place: This We Know: This application gives you government-related info based on your zip code. It offers information on the number of factories within a 7 mile radius, the number of pounds of pollutants released, violent crime rates, cancer rates and related bills in Congress. This would actually be a great tool for environmental health advocates looking to make the connection between cancer hot spots and chemical pollutants. Best Data Visualization: Quakespotter: This site creates a 3d visualization of earthquakes and matches it to data taken from those areas on Twitter. For a complete list of entries visit the Sunlight Labs contest page. dana oshirocenter_img Why Tech Companies Need Simpler Terms of Servic… A Web Developer’s New Best Friend is the AI Wai… Related Posts last_img read more


Robo-Advisors Are Coming. So What’s Stopping Them?

first_imgThe Rise and Rise of Mobile Payment Technology The Top 5 Issues Faced by Futurists Marc FischerCEO and co-founder of Dogtown Media Marc Fischer is the CEO and co-founder of Dogtown Media, a mobile technology studio based in Venice Beach, California, that was named by Inc. as one of the fastest-growing companies in America. Tags:#Bots#Fintech Related Posts 6 User-Interface Musts for Personal Finance Apps As technology continues its seemingly endless evolution, robots are taking over customer service and back-end data analysis. Combining those functions to create robo-advisors makes perfect sense.Unconvinced? Look at the financial sector. Experts who weighed in as part of Financial Planning’s survey believe that wealth management firms will continue to invest in robo-advisors and financial mobile app development as the two most impactful technologies. That’s not surprising, considering that robo-advisors are experiencing an estimated annual growth rate of 45.7 percent.Major questions remain before that growth can happen, however. Anyone operating in the financial field is subject to a slew of regulations — and robots are no different. Banking rules range from onerous to inexplicable, and companies must remain constantly vigilant to stay compliant. Unfortunately, these same regulations are stifling a robot renaissance.Numerous Obstacles to UbiquityThe Financial Industry Regulatory Authority (FINRA) remains opaque regarding many of its rules. Between navigating an endless sea of regulations and reporting requirements, would-be FinTech disruptors must clear plenty of hurdles to achieve any success.Startups might be used to breaking rules and moving quickly, but established institutions and regulators prefer the profitable status quo. When the status quo shifts, they find creative ways to retain market dominance via half-steps.Wells Fargo, for instance, recently launched its own robo-advisor platform. While the progress is positive, the company requires users to deposit at least $10,000 to open an account with that service. The high cost to open and the associated fees for the service — which do not exist in human-managed options — indicate that Wells Fargo and other large banks would prefer to keep their customers in traditional relationships for now.As robots work to catch their big break in the financial services industry, regulatory red tape and slow industry progress present the biggest obstacles to adoption. As robo-advisors reach more audiences, the utility of the technology will encourage the market to invest further and force regulators and big banks to accept the new robotic reality.The Natural Evolution of FinTechWhile they seem like recent disruptors, machine learning and artificial intelligence have operated behind the scenes in finance for several decades. Black box trading, common on Wall Street, describes how software engineers program algorithms that complete trades in fractions of seconds (earning massive sums on thousands of lightning-fast trades). High-frequency trading is a great example.An algorithm that skips the line on the trading floor has a steep advantage. If someone can buy shares of a stock for $19.95 and then sell those same shares for $20 a few minutes later, that profit doesn’t mean much — unless that buyer makes thousands of those transactions on a daily basis.In this way, traders already use AI to pick stocks for their portfolios. Similar to analysts, machine learning and AI gauge factors like dividend growth ratios to make smarter decisions. These algorithms even account for tendencies in management teams and other soft variables.FinTech companies can’t just crash the scene and expect a warm welcome, though, even if their products would make people wealthy. FinTech startup Ripple Labs got hit with a $700,000 fine in 2015 for skirting regulations in the name of progress, for instance.Fortunately, most companies are doing things the right way — and the big banks are hedging their bets. Wells Fargo’s first foray might not be perfect, but it’s a start. Fifth Third Bancorp and Fidelity recently started working together on an automated investment service. Ally Bank, an online-only financial institution, offers automated investing to its clients. Betterment is the largest robo-advisor firm with $13.5 billion in assets.Whether regulators and industry titans like it, the robots are coming. Before these cutting-edge tools can have the most positive impact, though, a few things need to change.How to Prepare for the Robot-Focused FutureRobo-advisors are here to stay. As the technology powering them improves, they will continue to refine their offerings to entice customers with better service, higher returns, fewer fees, and superior service.Estimates from Deloitte suggest that “assets under automated management” could reach a staggering $7 trillion by 2025 (up from $2 billion in 2016). As the amount of money that robo-advisors manage continues to grow, the financial services sector must make changes in the following areas:1. Corporate StrategyIf customers can lean on robo-advisors to manage their personal portfolios, large firms could realistically use automation to manage trillions of dollars in corporate accounts. Modern companies continue to rely more heavily on data every year, and they recognize the importance of data in their investment strategies. It’s only natural that these companies should also prefer an AI-powered, data-fueled approach to their investments.2. Low Barriers to EntryAt this point, Goldman Sachs won’t take a private wealth management account worth less than $5 million. Robo-advisors democratize that personal touch, lowering the barrier to entry for less affluent people who still want individualized financial help. This race toward lower fees will force financial services companies to diversify their income streams if they want to remain profitable.3. Retirement ManagementRobots can do more than help people save for retirement. Once customers reach retirement, AI can help those users optimize their withdrawal strategies. Bucket Bliss recently debuted a robo-advisor to help its clients reach their post-retirement goals and keep their income streams consistent and sustainable. As more people are willing to put their money in the hands of robots, this type of retirement management will become more common — meaning retirees will expect banks to offer comparable services.The robo-advisor revolution has already begun to disrupt the way investors engage with their accounts. From small-time savers to billionaires, more investors at all levels will continue to lean on automated assistance as time passes. If the FinTech industry hopes to meet that consumer demand, regulators and major players must clear the way for disruption. What it Takes to Build a Highly Secure FinTech …last_img read more


Defending champion Karlovic wins in Hall of Fame tourney

first_imgLacson: SEA Games fund put in foundation like ‘Napoles case’ Ethel Booba on hotel’s clarification that ‘kikiam’ is ‘chicken sausage’: ‘Kung di pa pansinin, baka isipin nila ok lang’ MOST READ Don’t miss out on the latest news and information. Robredo: True leaders perform well despite having ‘uninspiring’ boss PLAY LIST 02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games Church, environmentalists ask DENR to revoke ECC of Quezon province coal plant Hotel says PH coach apologized for ‘kikiam for breakfast’ claim FEU Auditorium’s 70th year celebrated with FEU Theater Guild’s ‘The Dreamweavers’ LeBron loses ‘best teammate’ Jones to Suns Sports Related Videospowered by AdSparcRead Next Top-seeded John Isner, the big-serving American who won Newport titles in 2011 and 2012, used 13 aces to beat Australia’s Sam Groth 6-2, 6-4. Isner will play fellow American Dennis Novikov, a 6-3, 6-2 winner over Canada’s Frank Dancevic.American Bjorn Fratangelo also advanced, beating Australia’s Akira Santillan 7-6 (3), 3-6, 6-1.FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSWin or don’t eat: the Philippines’ poverty-driven, world-beating pool starsTwo seeded players lost. Tobias Kamke of Germany edged No. 3 Adrian Mannarino, the Frenchman who reached the round of 16 at Wimbledon, 7-6 (5), 7-5, and Australian qualifier Matthew Ebden beat No. 6 Lukas Lacko of Slovakia 6-1, 7-6 (2).No. 4 Pierre-Hugues Herbert of France’s battled past Spain’s Adrian Menendez-Maceiras 7-5, 2-6, 6-3. National Coffee Research Development and Extension Center brews the 2nd National Coffee Education Congress Robredo should’ve resigned as drug czar after lack of trust issue – Panelo LATEST STORIES Trump strips away truth with hunky topless photo tweet Croatia’s Ivo Karlovic returns a ball to Britain’s Aljaz Bedene during their Men’s Singles Match on day one at the Wimbledon Tennis Championships in London Monday, July 3, 2017. (Gareth Fuller/PA via AP)NEWPORT, R.I.  — Defending champion Ivo Karlovic of Croatia beat American Denis Kudla 6-4, 6-4 on Wednesday in his Hall of Fame Tennis Championships opener to reach the quarterfinals in the grass-court event.The 38-year-old Karlovic had 16 aces and broke Kudla’s serve three times. Karlovic will face Germany’s Peter Gojowczyk, a 2-6, 6-4, 6-4 winner over Russia’s Konstantin Kravchuk.ADVERTISEMENT View commentslast_img read more