A transaction monitoring system identifies higher-risk transactions (art. 20 para. 2 AMLO-FINMA). Statisticians give such tasks the respectful label of ‘ill-posed problems’, as they cannot always be conclusively solved. Statisticians love solving these problems.

Chatbots are computer programs simulating human conversation partners. An early fictitious Chatbot is Robby the Robot who appeared first 1956 in the film Forbidden Planet. ELIZA is a real bot to Chatbotwith. She (or it?) was created between 1964 and 1966 by Joseph Weizenbaum at MIT.

The Key Message Spider (KMS) analyzes media and determines whether the key messages (core statements) of your press release have reached the desired target groups.

Information Retrieval

The objective of Information Retrieval (IR) is to search large data collections for information relevant to a user’s information requirements. The term “information retrieval” was coined by Calvin Mooers in 1950. Like “research” the word “retrieval” does not refer to refinding something. It rather relates to the information retrieval paradox: “If I knew what I was searching for, I wouldn’t be searching for it.”

Information retrieval is focuses on three dimensions: systems and applications, theory and models, evaluation. Various retrieval models exist, such as Vector Space Model (VSM) and probabilistic and language models. For evaluatio,n recall and precision are often used. SMART was an early retrieval system that dealt with all three aspects. RankBrain is a more recent retrieval system based on TensorFlow.

Eurospider Information Technology AG
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