The National Association of REALTORS® is America’s largest trade association, representing over 1.4 million members around the country. Members include brokers, salespeople, property managers, counselors, and others engaged in all aspects of the real estate industry. With such a large membership to serve, it’s important that the association deliver value and serve its members by making more optimal decisions. The…

Heraclitus, a Greek philosopher who lived 2,500 years ago, is credited with saying, “Change is the only constant.” Similarly, in 1789, Benjamin Franklin wrote, “In this world nothing can be said to be certain, except death and taxes.” This blog is about how we sometimes forget these two ideas when using artificial intelligence systems. Just two years ago, the internet…

Competition throughout the financial markets is becoming more intense and top-line growth is becoming more challenging than ever to achieve. The high volume of market data makes searching for hidden patterns and developing forward-looking predictive models unruly, cumbersome, and slow using traditional methods and technologies. How can financial firms overcome these obstacles and remain competitive? With time-aware AI fueled by…

This Veterans Day, DataRobot is shining a spotlight on some of the ways that AI could have a major impact on the veteran community in the next few years. There is no shortage of problems that can be solved with AI. From helping retailers better stock and staff their stores throughout the holiday season, to predicting which waterpoints will break…

Back when I was doing my undergraduate degree, I remember being asked to proofread a friend’s economics essay. I didn’t make it past the first paragraph before spotting the surprising phrase “John Maynard Keynes' work was impotent.” While there was a possibility that my friend wanted to criticize Keynes’ work, the remainder of the essay was pro-Keynes. Then I realized…

What good is a machine learning model if you don’t understand what it is, how it works, or how to leverage it? Bill Surrette, Data Scientist at DataRobot, explains the importance of model interpretability in this AI Simplified video. “Any time we build a model to represent a complex, real-world situation, we as data scientists want to make sure we…

With time-poor consumers, grocery shopping is a hectic but necessary chore. Retailers provide a huge array of choices for every type of product from cereal to dish soaps. With so many options available, grocery shopping can be an overwhelming experience. How can any type of retailer ensure that their customers get the products they need while also having a positive…

There is a saying, “Be careful what you wish for; you might just receive it.” One of the first-ever stories to exemplify this saying comes from Greek mythology. The story goes that Midas earned the favor of Silenus, a satyr. Silenus offered Midas a wish, and Midas wished that everything he touched would turn to gold. Immediately, Midas put the…

Artificial intelligence (AI) and machine learning are terms widely used across industries, and it’s clear that organizations that aren’t on the AI and machine learning path will lose their edge and fall behind. But let’s slow things down a bit. Does it ever seem like both terms are often frequently used interchangeably that it’s hard to understand what they actually…