The Luminary
Words of Wisdom on Artificial Intelligence,
Machine Learning and Predictive Analytics
AI and Stanching the $800 Billion – $2 Trillion Laundered Annually
In November, Westpac, Australia’s second largest bank was accused of breaking the country’s anti-money laundering laws 23 million times, with each breach potentially worth a fine of up to $21 million dollars. The Australian agency filing the charges said the...
Mitigating Risk and Protecting Corporate Reputation with AI
A 2019 global risk study by the insurance company AON found that damage to reputation or brand was the 2nd leading concern of corporate executives, just behind fear of an economic recession. Recent high-profile corporate crises might help explain the ranking:...
Why a New Study Finds Online Behaviors Can be Early Indicators of School Violence
In the 41 mass violence events at K-12 schools between 2008 and 2017, more than half of the attackers engaged in observable planning behaviors, including web searches related to weapons and protective equipment and online research about previous mass violence attacks....
Advancing Public Safety and Protecting Privacy
Lumina Testifies Before the Florida House of Representatives “How do we leverage the power of technology without sacrificing constitutional liberties? How do we ensure we are doing everything we can to keep our communities safe without turning our society into...
Predicting and Preventing Health Care Fraud
When the Centers for Medicare & Medicaid Services (CMS) announced its vision to modernize Medicare program integrity, Administrator Seema Verma highlighted the agency’s interest in seeking new innovative strategies involving machine learning and artificial...
Ending Human Trafficking Through Education, Awareness and AI
Earlier this month, Florida became the first state to require schools to teach K-12 students about child trafficking prevention. The state ranks third in the nation for reported human trafficking cases, with 767 cases reported in 2018, nearly 20 percent of which...
Solving the National Crisis of Veteran Suicide
More than 6,000 veterans committed suicide in 2017 – an average of 17 suicides a day. Veteran Suicide Rate is 1.5 Times the Rate of Non-Veterans That number was recently reported in the 2019 National Veteran Suicide Prevention Annual Report, along with these equally...
The Case for See Something, Say Something: 24 Hours at Lumina
It was any given Tuesday afternoon at Lumina. And then the S4 alert came. (S4 is a mobile app that allows people to report concerning behaviors in real time. It’s short for See Something, Say Something). The First Alert: Tuesday Afternoon This alert was...
Adopting AI in the Insurance Industry
Insurance companies are increasingly investing in AI and machine learning across all aspects of their business. Carriers Investing $5+ million on AI Annually A study by Genpact found that 87 percent of carriers are investing more than $5 million in AI every...
The Increasing Threat to the Global Energy Supply
This month’s attack on Saudi Arabia’s Abqaiq oil processing facility, which is the world’s largest and accounts for five percent of global oil supplies, resulted in one of the largest oil price increases ever recorded. More importantly, it demonstrated that the...