Tuesday 31 October 2017

How Microsoft computer scientists and researchers are working to “solve” cancer

Scientists at Microsoft’s research labs are trying to use computer science to solve one of the most complex and deadly challenges humans face: Cancer.

And, for the most part, they are doing so with algorithms and computers instead of test tubes and beakers.

Artificial Intelligence, Cloud Computing, computer vision, Data Visualization, Machine Learning, Microsoft Research

One team of researchers is using machine learning and natural language processing to help oncologists figure out the most effective, individualized cancer treatments for their patients.

Another is pairing machine learning with computer vision to give radiologists a more detailed understanding of how their patients’ tumors are progressing.

Yet another group of researchers has created powerful algorithms that help scientists understand how cancers develop and what treatments will work best to fight them.

And another team is working on moonshot efforts that could one day allow scientists to program cells to fight diseases, including cancer.

While the individual projects vary widely, they share the core philosophy that success depends on both biologists and computer scientists bringing their expertise to the problem.

“The collaboration between biologists and computer scientists is actually key to making this work,” said Jeannette M. Wing, Microsoft’s corporate vice president in charge of the company’s basic research labs.

To learn about these efforts to solve cancer with the help of algorithms and computers, read the full story.

Monday 30 October 2017

The financial services industry banks on the Microsoft Cloud for digital transformation

Financial services organizations are at a transformational tipping point. Faced with fierce market pressures – nimble disruptors, complex regulations, digital native customers – technology transformation in the industry is essential, and it’s increasingly becoming a competitive edge. Firms leading the charge into this new era are transforming customer experiences, fostering a new culture of work, optimizing operations and driving product innovation, and they are using Microsoft cloud, AI and blockchain technologies in their journey to become digital leaders of the future. TD Bank, Sumitomo Mitsui and Credito Agricola are among the organizations that have embraced this digital transformation happening in every part of the world.

Financial Services, Microsoft Cloud

The premier financial services industry event, Microsoft CEO Satya Nadella, myself and others from Microsoft will speak alongside other innovative business leaders driving transformation. Here are some of the scenarios and solutions Microsoft customers and partners are implementing along their journey:

Fostering a new culture of work


Fostering a digital culture is a paradigm shift, one which financial institutions must embark. Jumpstarting this culture shift means designing a workplace where every work style can thrive – one that harnesses digital intelligence to improve experiences, unleashes creativity and enables mobility while keeping organizations, people and information secure. With modern tools, employees from the first line to the back office can do their best work.

State Bank of India, a 200-year-old institution, is working with Microsoft to create a modern workplace for its 263,000 employees across 23,423 branches servicing more than 500 million customer accounts, including some in the most remote locations of the country. SBI has adopted Office 365 to enhance communication and collaboration among its workforce, and believes that Microsoft is delivering the best productivity experience for its employees while ensuring the highest standards of security, compliance and adherence to regulatory requirements.

Emirates NBD is creating more creative and collaborative workspaces for their employees, and has selected Office 365 as well as Surface Hub to deliver on their digital transformation efforts.

Transforming customer experiences


Customer expectations have changed and will continue to evolve at the speed of technology. The imperative for financial services firms is to engage customers in a way that is natural, tailored and delightful at every turn. The most innovative firms will create experiences that harness data from customers to derive actionable insights and deliver greater market success.

TD Bank is known for legendary customer service and aims to match their marquee in-person experience through digital wherever customers may be – at home, at work or on-the-go. With more than 12 million digitally active customers and expectations evolving at the speed of technology, TD has turned to Microsoft Azure and data platform services to help deliver on their promise of legendary service at every touchpoint.

Sumitomo Mitsui Banking Corporation is transforming their employee workstyles and enhancing their customer experience with the Microsoft Cloud. In addition to building a secure and highly productive office environment utilizing Azure and Office 365, SMBC has also introduced an interactive automatic response system for customer service, powered by the Microsoft Cognitive Toolkit and AI services.

Optimizing operations


Shifting line-of-business applications and other capabilities to the cloud is a foundational step along the digital transformation journey that enables banks to save big and reinvest dollars in more innovative, value-add banking services. It also enables firms to be more agile like their industry disruptor counterparts.

UBS is using Azure to power its risk management platform, technology that requires enormous computing power, to run millions of calculations daily on demand. The result — speeding calculation time by 100 percent, saving 40 percent in infrastructure costs, gaining nearly infinite scale within minutes — means the firm can have more working capital on hand and employees can make quicker, more informed decisions for their clients.

Société Générale is using Azure’s high-performance computing capabilities to power the credit value adjustment (CVA) intraday calculation, a critical front-office function, enabling cost-effective, almost limitless on-demand computing power.

Driving product innovation


Driving product and business model innovation allows organizations to harness data as a strategic asset, shifting from hindsight to foresight, automating manual processes, delivering personalization to customers, and innovating with new business models, services, products and experiences to differentiate and capture emerging opportunities.

Crédito Agricola considers open banking as a future standard for the financial services industry. The bank’s digital strategy on open banking seeks to leverage the cloud to provide seamless and frictionless interactions that delight their customers, while complying with regulation. Credito Agricola is using Microsoft Azure to deliver open banking capabilities like API management gateway, security and identity, as well as analytics and insights, with plans to extend their core banking services to third-party service providers.

Microsoft is collaborating with The Monetary Authority of Singapore and The Association of Banks in Singapore to support Project Ubin 2, using Azure to explore the use of blockchain for the clearing and settlement of payments and securities, a key milestone in Singapore’s ambition of becoming a Smart Financial Center.

For the financial services industry, a firm’s deliberate and strategic move to the cloud hinges on security, privacy and regulatory compliance. Microsoft is committed to earning the trust of our financial services customers. We engage with regulators in key markets to share information about our services, the related controls and our approach to enabling customer compliance. We also take input from leading banks and insurers across the globe on an ongoing basis to improve our offerings to help meet regulatory requirements. We do all of this to continue building our customers’ trust in cloud technology.