Are robots coming to a credit union near you?

first_img 15SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Technology like artificial intelligence sounds futuristic, but changes in technology move a lot faster than it seems. ATMs took 18 years to become ubiquitous. Nothing moves as quickly as it feels, but when you look back it seems like it just happened overnight. We still hear that mobile is the future, but really mobile is today – there are more mobile phones on this planet (7.19 billion) than there are humans. It won’t be long before artificial intelligence is integrated in our lives. This was the topic of a presentation by VISA Global Head of Innovation & Strategic Partnerships Jim McCarthy at CSCU’s annual conference. Jim described an example that’s already in place today – Blackrock, the world’s largest equities asset manager, is replacing human stock pickers with artificial intelligence. Robots are now managing mutual funds.What’s driving the need for machines to do our thinking for us? The sheer volume of data that is being created each day. Smartphone cameras and voice input is producing gigabytes of unstructured data (meaning non-text-based data that is nearly impossible to find by typing in a google search box), and this data has been growing my leaps and bounds over the past few years. Humans can’t keep with the amount of data being generated on a daily basis, but machines have the raw computation power to ability to make prediction.McCarthy gave the example where Visa is working with elevator manufacturer Kone to detect passengers using biometrics (when the passenger presses the floor button) or via facial recognition, and combining with purchasing profile data to instantly serve up ads on monitors in the elevator that are relevant to the passenger(s). continue reading »last_img read more

New marketing, trends drawing more to the convent

first_img“We’re not selling ourselves like we’re worried we’re gonna die out,” Scott said. “We’re evolving into something else.” Plenty of girls and young women visit Sister Julie Vieira’s popular blog, A Nun’s Life, which originally wasn’t meant as a recruiting tool. A member of Sisters, Servants of the Immaculate Heart of Mary in Monroe, Mich., Vieira blogs about politics, enjoying a beer at a bar and her favorite bands along with religious content, hoping to dispel sister stereotypes. “A number of religious communities are finding that the Internet is where people are gathering,” said Vieira. “We’re realizing that we need to have a presence there as well.” Sisters of Mercy of the Americas, the largest religious order in the United States, hired an outside ad agency to design ads for secular magazines like People, along with Internet banner ads. Yet, it is the tradition of the convent that ultimately attracts outsiders. Several of the women say they are looking for communities that still wear habits and are rooted in conservative theology. “It’s a radical way of living,” says Sister Catherine Marie Hopkins, of The Dominican Sisters of St. Cecilia Congregation in Nashville, Tenn. “When you used to put the habit on, it was conventional. Now it’s radical and I think people want to do something radical with their lives.” 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! MIAMI – Twenty young women who want to become nuns will arrive this fall at the Dominican Sisters of Mary, Mother of the Eucharist in Michigan – so many candidates that there aren’t enough beds. Helped by aggressive marketing and a new generation of conservative Roman Catholics, convents around the country say they are experiencing an increase in applicants for the first time in decades. The women are inspired by Pope John Paul II and his defense of Catholic orthodoxy, and are seeking a life that draws them closer to God. Anecdotal evidence about the increase has convinced the Center for Applied Research in the Apostolate, which analyzes church trends, that it should start a formal study of the growth. “It’s not a huge increase, but for a while there was hardly anybody and now there are some, so something is going on,” said Mary Bendyna, executive director of CARA, based at Georgetown University. The number of U.S. nuns dropped dramatically since its peak of about 180,000 in 1965 to 66,600 in 2006, according to CARA. The numbers will continue to decline as older nuns die, even with a recruiting surge – but the decrease could slow. Sister Mary McGlynn, 23, is among the new recruits. McGlynn watched a promotional DVD and visited the Dominican Sisters Web site before deciding to join. “That helps a lot because online you can read about the community and see pictures and see what they’re about,” she said. Along with McGlynn, the other new members include a former lawyer and bartender whose average age is 24. The national average age for nuns is in the 70s, according to CARA. At The Villa, a two-story motel turned convent where about 25 nuns live on the Barry University campus in Miami Shores, the nuns are also changing with the times. Their founders would tell them to “go to the edges,” embrace technology, says Sister Arlene Scott, assistant vice president of mission at this coed Catholic school in Miami. That attitude has helped their order, the Adrian Dominican Sisters in Michigan, attract a handful of new candidates in their 20s and 30s this year. They used billboards and hired an ad agency to research what would appeal to younger women. last_img read more