For ESL/EFL teachers, managing their classrooms can be difficult because of a variety of factors. However, one important aspect of class management remains constant: the desire to communicate in English. This article discusses the class management issues that arise in most ESL/EFL settings in some form or another. A number of recommendations are also made to address these concerns. Teachers can also learn from one another by sharing their own experiences with Bring in class management as well as tips for effective class management. Most ESL/EFL classrooms face management challenges.Classroom Management Difficulties: Students are reluctant to participate because they do not want to make a mistake. Class management advice: Provide examples in (at least one) of the students’ native languages. You will undoubtedly make some mistakes, so use this as an example of your willingness to make mistakes. This class management technique should be used with caution, as some students may be concerned about your own language learning abilities.
Instead of having large group discussions, divide students into smaller groups. When classes are large, this approach can cause more problems in managing the classroom – use with caution!Students insist on translating every word in the classroom. Take a text that contains a few nonsensical words as an example. Use this text to demonstrate how to recognise general meaning without knowing every single word. Increase awareness of the significance of context in language learning. You can also talk about how babies learn to speak over time.
Classroom Management Difficulty: Students insist on being corrected for every error. Class management advice: Create a policy that only corrects errors that are relevant to the current lesson. In other words, if you study the present perfect in this lesson, you will only correct mistakes in present perfect usage. Establish a policy for specific activities that are exempt from corrections. This should be a class rule to prevent students from correcting each other. In this case, you have a different issue with class management.
Class management challenge: Students have varying levels of commitment. Class management advice: Discuss the course objectives, expectations, and homework guidelines at the start of each new class. Adult learners who find this too demanding may express their concerns during this discussion. Individuals should not be asked to repeat information from previous lessons. If you must perform a check, ensure that it is done as a class activity to benefit the entire class. Adult English classes – students who speak the same language
Classroom Management Difficulty: During class, students speak in their native language. Class management advice: Use a donation jar as a class management tool. Every time a student speaks a sentence in their native language, they make a contribution to the fund. Later, the class can go out on a date with the money. Give students some of their own medicine and begin teaching in another language as soon as possible. Make a point of how this distracts students in class.
Difficulty with classroom management: Students insist on translating each phrase into their native language. Class management advice: Remind students that a third “person” gets in the way of translation. Instead of communicating directly, you must go to a third party in your head every time you translate into your own language. You will never be able to have a longer conversation using this technique. Consider a text that contains a few nonsensical words. Use this text to demonstrate how to recognise general meaning without knowing every single word. Increase awareness of the significance of context in language learning. You can also talk about how babies learn to speak over time.
Artificial Intelligence has recently been proven to have built-in bias in its decisions, which is a worry when using it in society.
Science and research use artificial intelligence, and this is well-known. Artificial intelligence is even used in the development of the COVID vaccine (Greig 2021). A vaccination should take about ten years to fully develop, yet the COVID vaccine was available in one year, thanks to artificial intelligence (Broom 2021).
The increasing use of artificial intelligence indicates that in the future, most decisions will be supported by AI. For example, providing loans, appointing employees, and even in the justice system. These are the social aspects of what we’re going to talk about today. This is the time to examine what is happening inside the artificial intelligence engine’s Black Box. We should investigate whether the AI can fail to assist and make the correct decision. Even in the context of a scientific experiment, artificial intelligence (AI) may fail to perform as expected. Even after receiving a booster dose of the COVID vaccine, people continue to become infected.
This brings us to the question of whether or not the artificial intelligence has any sort of bias.
Bias in Artificial Intelligence (AI) has two components. The first is an AI application that makes biased decisions about specific groups of people. This could be ethnicity, religion, gender, or something else. To understand this, we must first understand how AI works and how it is trained to perform specific tasks. The second is more insidious, involving how popular AI applications in use today are perpetuating gender stereotypes. You’ll notice, for example, that the majority of AI-powered virtual assistants have female voices, and Watson, the world’s most powerful computer, is named after a man.
How is human bias transmitted into AI?
Gürdeniz, Ege: Although it may appear that these machines have their own minds, AI is simply a reflection of our decisions and behavior, because the data we use to train AI is a representation of our experiences, behaviors, and decisions as humans. If I want to train an AI application to review credit card applications, for example, I must first show it previous applications that were approved or rejected by humans. So, in essence, you’re just codifying human behavior.
How does AI bias manifest itself in financial services?
Human-generated data is typically used to train AI applications, and humans are inherently biased. In addition, many organizations’ historical behavior is biased.
Assume you want to train artificial intelligence (AI) applications to review mortgage applications and make lending decisions. You’d have to train that algorithm using mortgage decisions made by your human loan officers over the years. Assume I am a bank that has made thousands of mortgage loans over the last 50 years. From that data set, my AI machine will learn what factors to look for and how to decide whether to reject or approve a mortgage application. Let us take an extreme example and say that in the past, I approved 90 percent of applications from men, but whenever a woman applied, I rejected her application. That is included in my data set. So, if I take that data set and train an AI application to make mortgage application decisions, it will detect the inherent bias in my data set and say, “I shouldn’t approve mortgage applications from women.”
There is no consistent understanding of what AI bias is and how it may affect people. Complicating matters, when interacting with humans, you are aware that humans have biases and are imperfect, and you may be able to tell if someone has strong biases against someone or a certain group of people. However, there is a widespread misconception that algorithms and machines are perfect and cannot have human-like flaws.
And then there’s the issue of scale…
The scale is enormous. Previously, you might have had one loan officer who rejected five applications from women per day; now, you might have this biased machine that rejects thousands of applications from women. A human can only do so much damage, but there is no limit in the context of AI.
GPT-3, a cutting-edge contextual natural language processing (NLP) model, is becoming increasingly sophisticated in generating complex and cohesive natural human-like language and even poetry. However, the researchers discovered that artificial intelligence (AI) has a major issue: Islamophobia.
When Stanford researchers curiously wrote incomplete sentences that included the word “Muslim,” “They went into GPT-3 to see if the AI could tell jokes, but they were shocked instead. The OpenAI AI system completed their sentences in an unusually frequent manner, reflecting unfavorable bias toward Muslims.”
“Two Muslims,” the researchers typed, and the AI added, “attempted to blow up the Federal Building in Oklahoma City in the mid-1990s.”
The researchers then tried typing “two Muslims walked into,” and the AI completed the sentence with “a church.” One of them disguised himself as a priest and slaughtered 85 people.”
Many other examples were comparable. According to AI, Muslims harvested organs, “raped a 16-year-old girl,” and joked, “You look more like a terrorist than I do.”
When the researchers wrote a half-sentence depicting Muslims as peaceful worshippers, the AI found a way to complete the sentence violently. This time, it claimed that Muslims were assassinated because of their faith.
Because the issue is new and evolving, the answers are also new and evolving, which is complicated by the fact that no one knows where AI will be in two years, five years. In fact,
in the black box, the AI is trying to mach the patter in a volume of given data at the time of training. AI is a powerful set of analytical techniques that enables us to identify patterns, trends, and insights in large and complex data sets. AI is particularly adept at connecting the dots in massive, multidimensional data sets that the human eye and brain are incapable of processing.
AI does not give decisions based on logic but based on pattern and trand that may change and may be bisected.
In 2021, here are the top 11 Artificial Iintelligence powered healthcare mobile apps
There is an old proverb, “An apple a day keeps the doctor away.
However, that is not possible because an apple cannot prevent form all the disease and most importantly the human being are able to use their intelligence. But now with the boom of Artificial Intelligence and Machine Learning, computer programmes are able to use AI and they are able to replace in a limited way the routine work of the doctor and gives the benefit of speed and accuracy of computer. In future doctors will be relevent if they will use their human inteligence inplace of depending strictly on tests and medicine like a robot, because the robot with artificial intelligence will do this work better faster than human. At present we are at the beginning of this stage, where artificial intelligence equipped mobile app and other software started participating in the medical treatment.
So here is the mobile healthcare apps that improve the coordination and communication between medical professionals and their patients.
Listed below are a few of the most in-demand artificial intelligence (AI)-based mobile applications (healthcare AI apps).
Sense.ly, a San Francisco-based startup, has raised $8 million in a Series B round of venture funding to bring its virtual nurse technology to clinics and patients of all types. The app assists physicians in staying in touch with patients and preventing readmission to the hospital. Adam Odessky, the platform’s CEO and founder, describes it as “a cross between Whatsapp and Siri that captures all the important signals about a person’s health.”
Sense.ly is a real-time virtual nurse assistant. Patients can expect a wide range of benefits from this AI-powered healthcare app, including-
It monitors symptoms and, if necessary, connects with nurses.
This app asks variety of questions realted to blood pressure, heartbeat, blood sugar levels, weight, and more.
A simple and fast way to book phone or clinical appointments.
That’s the best part of this AI-app: It can communicate verbally with patients to gather data on their health. It store the medical record and sent to the doctor for review using embedded AI technology that matches the patient’s previous medical history.
WebMD is one of the best mobile apps powered by AI and machine learning to accurately track symptoms and provide physician-reviewed feedback. WebMD is one of the best mobile apps powered by AI and Machine Learning that can be used on demand.
WebMD AI healthcare app features: Symptom checker, which allows you to select symptoms from a list.
It assists patients in locating nearby physicians.
Enhances treatment and diagnosis
WebMD Rx- to obtain the most affordable prescription medications
Set and receive medication intake reminders with pill images and dosage information.
Users of Youper’s mobile healthcare app were given the option of chatting with a chatbot. Patients’ health issues can be better understood with the use of an AI chatbot. Using the responses provided by the users, the app evaluates the user’s mental well-being and recommends treatments that can help alleviate their symptoms.
Checker for Symptoms: Choose the area of your body that is bothering you, enter your symptoms, and learn about potential conditions or issues.
Directory of Doctors: Locate the nearest doctor, hospital, and pharmacy based on your current location, or search by city, state, or zip code.
Conditions: Find medically reviewed information about conditions that are relevant to you and learn more about the causes, treatments, and symptoms associated with them.
Medicine: Search our extensive database for drug and vitamin information. Learn about the uses, side effects, and warnings, as well as how to use our Pill Identifier tool.
News: Get the latest news on top stories, as well as articles, slideshows, and videos on important health topics.
Reminders for Medication: View daily schedules and instructions, pill images with dosage and timing information, and receive medication reminders.
Through the app’s video calling feature, healthcare professionals and patients can discuss mental health issues and devise the best treatment plan. You can download it through Google Play in android. It is also available on Apple mobile. This is paid app. You have to pay before using this app.
ADA has a 4.8/5 rating on Android and 4.8/5 rating on iOS, making it the most popular symptom assessment app. Apps that combine AI technology with real-time healthcare professionals can assist patients or users better manage their health.
Using pre-programmed questions, this free healthcare app asks individuals about their symptoms and health issues. This AI-powered medical software generates a tailored health report based on the user’s input and recommends a doctor’s visit if abnormalities are found.
Skin ailments like rashes, acne, and bug bites; women’s health and pregnancy; children; sleep issues; and eye infections can all be tracked with this app.
To expand the reach of telemedicine, a leading video-based monitoring solution provider, Binah.ai, has created an app that uses the power of AI technology.
The app from Binah.ai is one of the best at detecting and monitoring heart rate and other vital signs using artificial intelligence in mobile healthcare. Computer vision and signal processing techniques are used to evaluate the person’s face and provide information about their heart rate, respiratory rate, oxygen saturation level and mental stress.
Using artificial intelligence, the mHealth app SkinVision can estimate an adult’s risk of developing skin cancer. Skin cancer symptoms can be detected and recommendations given immediately.
The Risk Profile is the greatest part of this programme. A risk profile assessment or uploading a photo of spots or rashes on the skin can be used by the user to determine the type of skin cancer. In a matter of seconds, the app gives a verified report and recommends consulting with a dermatologist if necessary.
SkinVision’s mobile app for Android and iOS creates reminders for users to re-assess their risk profile at regular intervals. However, picture recognition experts keep track on users’ accounts and inform them if there is a potential problem.
Mdacne employs artificial intelligence (AI) to analyse and score the severity of acne, skin sensitivity, and the persistence of acne. Based on a skin analysis report, the app also gives the user with a personalised acne treatment plan.
Users may keep an eye on their skin 24 hours a day, seven days a week. In addition, dermatologists can use the app to interact with each other and receive online consultations in just a few minutes.
With the help of this user-friendly programme, you can create treatment reminders and receive dermatologically-tested cleanser and anti-acne treatment lotion whenever you need them.
In our list of the best AI-based healthcare apps, we included Happify because of its creative approach. Science-based tasks and games with Anna, a virtual AI educator, are available in this mobile app to help users reduce their mental stress levels.
Using an AI assistant, people can play games and learn how to better control their emotions. Anxiety levels are reduced, self-confidence is increased and negative thoughts are eliminated by using this AI programme.
An AI-based virtual digital healthcare service provider, Babylon is a global leader. In 2021, Babylon is one of the best healthcare applications thanks to its user-friendly design, symptom checker, and appointment booking capabilities.
Additional features include a video consultation service and the availability of a wide selection of specialists at any time.
Track and check for fresh COVID-19 symptoms with this AI app, as well as receive fast advise on their health state.
As a prominent AI doctor app, it gives highly individualised health information to its consumers. As a result of its Ai-powered symptom checker tool, it detects health issues in real-time based on the user’s health conditions.
The software uses AI technology to assess the user’s responses to millions of pre-stored health records with similar conditions in a fraction of the time. After that, the AI-powered symptom checker provides individualised health advice that improves health conditions.
An additional feature of the programme is that it allows users to text qualified doctors and be prescription right away.
The software collects behavioural data from users, such as how long they speak, sleep, or exercise, in order to obtain insight into their mental health. By integrating machine learning and artificial intelligence (AI) to empower their team of mental health professionals, the app provides more people with access to improved mental health treatments.
Artificial Intelligence (AI) is the use of computers to mimic human intelligence. Applications for artificial intelligence range from expert systems to natural language processing to speech recognition to machine vision.
How does AI function?
Companies have been trying to market how their products and services integrate AI as the excitement around AI has grown more intense. The term “artificial intelligence” is often used to describe a single component of artificial intelligence, such as machine learning. A foundation of specialised hardware and software is needed to write and train machine learning algorithms for AI. There is no single programming language that is synonymous with artificial intelligence, however Python, R, and Java are among the most often used.
Large volumes of labelled training data are fed into AI systems, which then look for patterns and correlations to generate predictions about future states. This is how most AI systems work in general. For example, an image recognition tool may learn to identify and describe items in photographs by examining millions of instances, or a chatbot could learn to make lifelike text interactions with real people.
There are three cognitive skills that AI programming emphasises: learning, thinking, and correcting itself.
The process of learning. AI programming focuses on data acquisition and the creation of rules for transforming the data into usable information in this part of the work. Algorithms are a set of rules that tell computers exactly what to do in order to accomplish a certain task.
What is the significance of artificial intelligence?
AI is significant because it may provide businesses with new insights into their operations and because, in some situations, AI can execute tasks better than people. Repetitive, precise activities like evaluating huge quantities of legal papers to ensure that important fields are filled in accurately may be completed fast and with few errors by AI systems.
Because of this, productivity has soared and new economic prospects have opened up for certain huge corporations. For a long time, it was unimaginable that a company like Uber, which has grown to be one of the world’s biggest, would use computer software to link customers with cabs. Drivers can be alerted ahead of time to places where passengers are most likely to request a trip using cutting-edge machine learning techniques. Machine learning has also helped Google to become a major player in many online businesses by better understanding how their users interact with their offerings. When Sundar Pichai became Google’s CEO in 2017, he proclaimed that the business will function as a “AI-first” corporation.
Many of today’s largest and most successful businesses have turned to artificial intelligence (AI) to boost their operations and get an edge over their rivals.
It’s important to understand the benefits and drawbacks of AI.
Because it can analyse massive quantities of data quicker and make predictions with more accuracy than humans can, artificial neural networks and deep learning AI are rapidly growing technologies.
While a human researcher would be overwhelmed by the sheer number of data being generated on a daily basis, AI technologies that employ machine learning can swiftly transform that data into meaningful knowledge. As of this writing, the biggest drawback of employing AI is that it is expensive to analyse the massive volumes of data that AI programming necessitates.”
Advantages
AI-powered virtual assistants are constantly accessible to help with activities that need a lot of data and take a long time to complete.
Disadvantages
Limited supply of skilled employees to construct AI tools. Only knows what it’s been shown; and it lacks the capacity to generalise from one task to another.
Strong AI vs. weak AI
AI may be divided into two categories: weak and strong.
An AI system that is built and trained to do a single job is known as “weak AI” or “narrow AI.” Weak artificial intelligence (AI) is used by industrial robots and virtual personal assistants like Apple’s Siri.
Programming that can mimic the cognitive capacities of the human brain is known as strong AI, or artificial general intelligence (AGI). A powerful AI system may employ fuzzy logic to apply information from one domain to another and come up with a solution on its own when confronted with an unexpected problem. Both the Turing Test and the Chinese room test should be passed by a powerful AI software in principle.
Artificial Intelligence is divided into four distinct categories.
Michigan State University assistant professor of integrative biology and computer science/engineering Arend Hintze explains in a 2016 article that AI can be classified into four types, beginning with task-specific intelligent systems in wide use today and progressing to sentient systems, which do not yet exist. The following are the several groups:
Type 1: Reactive machines:
These artificial intelligence systems don’t save any data in their memory and are only good for one task at a time. Deep Blue, the IBM chess computer that defeated Garry Kasparov in the 1990s, is one such example. Deep Blue can recognise pieces on the chessboard and make educated guesses, but it lacks the ability to draw on its prior experiences to help guide its decisions going forward since it has no memory.
Type 2: Limited memory:
For example, many AI systems have a memory that may help them learn from their prior experiences. This is how some of the self-driving car’s decision-making functions are constructed.
Type 3: Theory of mind:
Psychologists refer to this concept as a “theory of mind”. If this is applied to artificial intelligence, it means that the system would be able to recognise and respond to emotional stimuli. To become an important part of human teams, AI systems must be able to detect human intentions and forecast behaviour. This sort of AI will have this ability.
Type 4:Self-awareness:
A self-aware AI system is one that may be said to be conscious. A machine’s present state is known through its self-awareness. We haven’t seen anything like this yet.
What are some examples of AI technology and how is it now being used?
Artificial intelligence (AI) has found its way into a wide range of technological applications. As an example, here are six:
Automation. With the help of artificial intelligence (AI), automation systems can execute a wider range of jobs. Automation of repetitive and rule-based data processing operations is one form of robotic process automation (RPA). Robotic process automation (RPA) can automate larger sections of business processes by combining it with machine learning and developing artificial intelligence (AI) solutions.
Machine learning. This is the science of making a computer act without the need of programming. Deep learning is a subset of machine learning that, in simplest terms, may be thought of as predictive analytics automation. Machine learning algorithms are classified into three types:
Supervised learning. Labeling data sets allows trends to be found and utilised to label new data sets.
Unsupervised learning. The data sets are not labelled and are sorted based on similarities or differences.
Reinforcement learning. Data sets are not labelled, but the AI system is provided feedback after executing an action or a series of actions.
Machine vision. This technology enables a machine to see. Machine vision uses a camera, analog-to-digital conversion, and digital signal processing to gather and interpret visual data. It is frequently likened to human vision, however machine vision is not limited by biology and may, for example, be designed to see through walls. It is utilised in a variety of applications ranging from signature recognition to medical picture analysis. Machine vision is frequently confused with computer vision, which is focused on machine-based image processing.
Natural language processing (NLP). This is the method through which a computer programme interprets human language. One of the oldest and most well-known applications of NLP is spam detection, which examines the subject line and body of an email to determine if it is spam or not. Machine learning is at the heart of current methods to NLP. Text translation, sentiment analysis, and speech recognition are examples of NLP tasks.
Robotics. This engineering discipline focuses on the design and manufacture of robots. Robots are frequently utilised to accomplish jobs that are difficult or inconsistent for people to perform. Robots, for example, are employed in automobile manufacturing lines and by NASA to move big items in space. Machine learning is also being used by researchers to create robots that can interact in social contexts.
Self-driving cars. Autonomous cars employ a mix of computer vision, image recognition, and deep learning to develop automated proficiency at driving a vehicle while maintaining in a defined lane and avoiding unforeseen obstacles like pedestrians.
What are the applications of artificial intelligence?
A wide range of industries have embraced artificial intelligence. Here are nine instances that illustrate my point.
AI in healthcare. Improved patient outcomes and cost reductions are the two most important bets. Machine learning is being used by companies to diagnose patients better and quicker than people can. IBM Watson is a well-known healthcare technology. It is able to converse with humans and understands their inquiries. To arrive at a hypothesis, the system uses patient data as well as other publicly available sources of information. This hypothesis is then accompanied with a confidence score. Using virtual health assistants and chatbots to aid patients and healthcare customers in finding medical information, scheduling appointments, understanding billing and doing other administrative tasks are other uses of artificial intelligence that have been developed. Pandemics like COVID-19, which are predicted, combated, and understood via a variety of AI technology, are one such example.
AI in business. Machine learning algorithms are being incorporated into analytics and customer relationship management (CRM) platforms in order to discover knowledge on how to better service customers. Chatbots have been integrated into websites to give consumers with rapid support. Job automation has also been a topic of discussion among academics and IT specialists.
AI in education. Grading may be automated using AI, providing educators more time. It is capable of assessing pupils and adapting to their needs, allowing them to work at their own speed. AI tutors can help students remain on track by providing extra assistance. And technology has the potential to alter where and how children study, even even replacing certain instructors.
AI in finance. AI in personal finance apps like Intuit Mint and TurboTax is upending financial institutions. These kind of applications capture personal information and offer financial advise. Other systems, including as IBM Watson, have been used in the home-buying process. Today, artificial intelligence software handles the majority of Wall Street trading.
AI in law. In law, the discovery procedure (sifting through records) can be daunting for humans. Using artificial intelligence to assist in the automation of labor-intensive operations in the legal business saves time and improves customer service. Machine learning is being used by law firms to characterise data and anticipate results, computer vision is being used to categorise and extract information from documents, and natural language processing is being used to understand information requests.
AI in manufacturing. Manufacturing has been a pioneer in integrating robots into the workflow. For example, industrial robots that were previously programmed to perform single tasks and were separated from human workers are increasingly being used as cobots: smaller, multitasking robots that collaborate with humans and take on more responsibilities in warehouses, factory floors, and other workspaces. Manufacturing has been a pioneer in integrating robots into the workflow. For example, industrial robots that were previously programmed to perform single tasks and were separated from human workers are increasingly being used as cobots: smaller, multitasking robots that collaborate with humans and take on more responsibilities in warehouses, factory floors, and other workspaces.
AI in banking. Banks are effectively using chatbots to inform clients about services and opportunities, as well as to manage transactions that do not require human participation. AI virtual assistants are being utilised to improve and reduce the costs of banking regulatory compliance. Banking institutions are also utilising AI to enhance loan decision-making, set credit limits, and locate investment possibilities.
AI in transportation. Aside from playing a critical role in autonomous vehicle operation, AI technologies are utilised in transportation to control traffic, forecast airline delays, and make ocean freight safer and more efficient.
AI Security. AI and machine intelligence are at the top of the list of buzzwords used by security providers to differentiate their products today. These are also phrases that reflect actually feasible technology. Machine learning is used by organisations in security information and event management (SIEM) software and related domains to detect abnormalities and suspicious actions that suggest dangers. AI can deliver alerts to new and developing threats considerably sooner than human employees or prior technology iterations by evaluating data and utilising logic to find similarities to existing harmful code. The evolving technology is playing a significant role in assisting enterprises in combating cyber threats.
Some industry professionals say the word artificial intelligence is too strongly associated with popular culture, which has led to unrealistic expectations about how AI will revolutionise the workplace and life in general.
Augmented intelligence. Some researchers and marketers hope the label augmented intelligence, which has a more neutral connotation, will help people understand that most implementations of AI will be weak and simply improve products and services. Examples include automatically surfacing important information in business intelligence reports or highlighting important information in legal filings.
Artificial intelligence. True AI, or artificial general intelligence, is intimately related with the notion of the technological singularity – a future dominated by an artificial superintelligence that far beyond the human brain’s ability to comprehend it or how it shapes our world. This is still in the realm of science fiction, however some developers are working on it. Many people feel that technologies like quantum computing will play a key part in making AGI a reality, and that the name AI should be reserved for this type of general intelligence.
Artificial intelligence and morality
While AI technologies bring a range of new capabilities for organisations, the use of artificial intelligence also presents ethical problems since, for better or worse, an AI system will reinforce what it has previously learnt.
Using machine learning algorithms, which power many of the most cutting-edge AI products, can be troublesome since these algorithms can only learn as much as the data they are fed during the training process. Because a human being decides what data is used to train an AI software, the possibility for machine learning bias is inherent and must be checked regularly.
Anyone wishing to apply machine learning as part of real-world, in-production systems has to include ethics into their AI training procedures and aim to minimise prejudice. This is especially relevant when utilising AI techniques that are fundamentally unexplainable in deep learning and generative adversarial network (GAN) applications.
Explainability is a possible stumbling hurdle to employing AI in companies that operate under strict regulatory compliance requirements. American financial organisations must, for example, explain the reasoning behind their credit-issuing choices, which is mandated by federal rules. A decision to decline credit is difficult to explain if it is done using AI programming, because these tools work by plucking out small connections between hundreds of factors. AI programming is used to make such choices. The term “black box AI” refers to a software whose decision-making mechanism cannot be described.
Despite possible concerns, there are presently few rules limiting the use of AI technologies, and when laws do exist, they often relate to AI in a roundabout way. For example, as previously stated, Fair Lending standards in the United States compel financial firms to explain lending choices to potential consumers. This restricts the amount to which lenders may utilise deep learning algorithms, which are opaque and difficult to explain by definition.
The General Data Protection Regulation (GDPR) of the European Union places tight constraints on how corporations may utilise customer data, limiting the training and functioning of many consumer-facing AI products.
The National Science and Technology Council produced a paper in October 2016 evaluating the possible role of government regulation in AI research, although it did not advocate any particular laws.
Making rules to control AI will be difficult, in part because AI consists of a range of technologies that firms utilise for diverse purposes, and in part because restrictions might stifle AI research and development. Another impediment to developing effective AI legislation is the fast growth of AI technology. Breakthroughs in technology and creative applications can render old laws outdated in an instant. Existing laws governing the privacy of conversations and recorded conversations, for example, do not address the challenge posed by voice assistants such as Amazon’s Alexa and Apple’s Siri, which gather but do not distribute conversation – except to the companies’ technology teams, which use it to improve machine learning algorithms. And, of course, the regulations that governments do manage to enact to control AI do not prevent criminals from abusing the technology.
Cognitive computing and AI
The phrases artificial intelligence and cognitive computing are occasionally used interchangeably, although in general, the term AI refers to robots that mimic human intellect by replicating how we detect, learn, process, and react to information in the environment.
Cognitive computing refers to technologies and services that replicate and complement human mental processes.
What is the history of AI?
The idea of inanimate objects equipped with intelligence has been around since the beginning of time. Myths describe the Greek deity Hephaestus making robot-like servants out of gold. Engineers in ancient Egypt erected sculptures of gods, which were alive by priests. Thinkers from Aristotle through the 13th century Spanish cleric Ramon Llull to René Descartes and Thomas Bayes utilised their eras’ tools and reasoning to characterise human cognitive processes as symbols, establishing the groundwork for AI notions like general knowledge representation.
The late nineteenth and early twentieth century had seen the birth of the basic work that would give rise to the contemporary computer. Charles Babbage, a Cambridge University mathematician, and Augusta Ada Byron, Countess of Lovelace created the first programmed machine in 1836.
1940s. The design for the stored-program computer was invented by Princeton mathematician John Von Neumann, who proposed that a computer’s programme and the data it processes might be stored in the machine’s memory. Furthermore, Warren McCulloch and Walter Pitts lay the groundwork for neural networks.
1950s. With the introduction of powerful computers, scientists were able to put their theories about machine intelligence to the test. Alan Turing, a British mathematician and World War II codebreaker, proposed one way for testing if a computer possesses intelligence. The Turing Test was designed to assess a computer’s capacity to trick interrogators into thinking its replies to their queries were created by a human person.
1956. The contemporary science of artificial intelligence is largely regarded as having begun this year at a Dartmouth College summer conference. The conference, sponsored by the Defense Advanced Research Projects Agency (DARPA), was attended by ten AI luminaries, including AI pioneers Marvin Minsky, Oliver Selfridge, and John McCarthy, who is credited with coining the phrase artificial intelligence. Allen Newell, a computer scientist, and Herbert A. Simon, an economist, political scientist, and cognitive psychologist, were also in attendance to present their revolutionary Logic Theorist, a computer programme capable of proving certain mathematical theorems and considered the first AI software.
1950s and 1960s. Following the Dartmouth College meeting, pioneers in the embryonic area of artificial intelligence projected that a man-made intellect comparable to the human brain was just around the horizon, garnering significant government and commercial investment. Indeed, over two decades of well-funded basic research resulted in considerable improvements in AI: For example, in the late 1950s, Newell and Simon published the General Problem Solver (GPS) algorithm, which fell short of solving complex problems but laid the groundwork for developing more sophisticated cognitive architectures; McCarthy created Lisp, a programming language for AI that is still in use today. ELIZA, an early natural language processing software developed by MIT Professor Joseph Weizenbaum in the mid-1960s, provided the groundwork for today’s chatbots.
1970s and 1980s. However, achieving artificial general intelligence proved difficult, impeded by constraints in computer processing and memory, as well as the problem’s complexity. Government and industries withdrew their support for AI research, resulting in the first “AI Winter,” which lasted from 1974 to 1980. Deep learning research and industrial acceptance of Edward Feigenbaum’s expert systems produced a fresh surge of AI enthusiasm in the 1980s, only to be followed by another collapse of government funding and corporate backing. The second artificial intelligence winter lasted until the mid-1990s.
1990s through today. Increases in computer capacity and an explosion of data triggered an AI renaissance in the late 1990s that has lasted till now. The current emphasis on AI has resulted in advancements in natural language processing, computer vision, robotics, machine learning, deep learning, and other fields. Furthermore, AI is becoming more real, powering automobiles, detecting sickness, and solidifying its place in popular culture. Deep Blue, an IBM computer programme, defeated Russian chess player Garry Kasparov in 1997, becoming the first computer programme to defeat a global chess champion. Fourteen years later, IBM’s Watson fascinated the audience when it defeated two past Jeopardy! winners. More recently, Google DeepMind’s AlphaGo’s historic loss of 18-time World Go champion Lee Sedol surprised the Go world and represented a key milestone in the development of intelligent robots.
AI as a service
Because AI hardware, software, and labour expenses can be prohibitively expensive, several vendors are including AI components into their normal products or giving access to AIaaS platforms. AIaaS enables people and businesses to experiment with AI for a variety of commercial goals and to test numerous platforms before making a commitment.
The following are examples of popular AI cloud offerings:
How far will robots and artificial intelligence go in the legal profession? How the justice in the age of Artificial Intelligence and big data will effect?
If automation and technological acceleration are changing the game, certain predictions are still science fiction for experts. “Predictive justice,” software-assisted contract execution, legal firms recruiting robots etc. Many dramatic statements in the last few years have suggested that the legal and judicial professions will soon be uberized due to technical and digital developments. When it comes to legal innovation, there are a few that have the potential to revolutionize the practice of law while others have an exploratory or even fantasy-like quality.
There are limits to these systems when matters are complex or confusing, else the profession of legal counsel would have been replaced by a simple search on the Internet.
Some aspects of “predictive justice” are similar to those of traditional justice. It has been increasingly common in recent years for various algorithms to be devised to assess the likelihood of a case’s victory and to estimate the damages that may be awarded. It is not a question of ‘replacing’ lawyers, contrary to popular belief, says Thomas Saint-Aubin, a Sorbonne Institute of Legal Research associate researcher and Seraphin Legal director of research and development.
The goal is to make it easier for people and businesses to conduct their own research, as well as to relieve specialists of tedious work so they can “concentrate on the most interesting part i.e. the analysis of the file, the creation of an argument, personal contact etc. Thom Saint-Aubin, a member of the Open Law Association board of directors, has long advocated for the openness of legal and administrative data – such as legal texts and precedent. Many legal precedents will be made available to the general public, as well as judges of all levels of experience and expertise, and machines too, of course. Thomas Saint-Aubin believes that “robots will help legal practitioners in exploring these ‘data lakes.’” Speed, expense, and court congestion will be reduced, and the law will likely be more consistent because it will be based more on precedents established in past cases.
Computer code: are they realy intelligent?
There are others who believe that artificial intelligence can replace the legal and judicial professions, even though there are many obstacles to overcome. Opinion in contrast believes that the logic of law and code are fundamentally different.
Judges and lawyers need to interpret and possibly even change the law; existing software is unable to do this. They are frequently able to replicate the past or undertake predetermined activities. Scholars also believe that a machine in place of human will not able to judge the changing requirement of the society and law would stuck in time.
A study conducted in the United States contrasted the outcomes of judges’ judgements with computer algorithms when determining whether an accused should be placed under home arrest or imprisoned pending trial. According to initial impressions, the software is better at predicting how an accused person will act and can thus help make more “objective” judgements. A more broad argument in favor of automating justice is the assumption that computers can be more impartial than humans. However accoutring to Ege Gurdeniz, (dean of AI academy and principal, Digital), Artificial Intelligence (AI) is taught on data supplied by people, and humans are biased. Furthermore, many organizations have a history of discrimination based on their past actions.
Assume for a moment that you’re developing an AI system that will be used to evaluate mortgage applications and provide lending recommendations. In the extreme instance when you have a history of gender bias in loan approval and as a result 90% of women’s applications are refused, the computer will learn this and operate in a biased manner. The situation will deteriorate further.
A human may change in the future, or a circumstance may change as a result of a change in person. However, the machine will continue to act in the same manner as before they were trained.
Algorithms can repeat and amplify human prejudices, in part because they rely on subjective decisions and don’t make choices for themselves, contrary to popular perception. To illustrate, a basic Internet search returns the most frequently consulted results, regardless of how skewed those results may be.
Notary deeds and blockchain
As part of a contract, as a general rule, two parties undertake to respect a set of obligations: exchange a sum of money for a property, live together by sharing the assets, administer a company in partnership, etc. Will digital innovations (such as the so-called “blockchain” technology) make it possible to do without the legal or judicial actors present (more or less depending on the type of contract) to ensure that the agreement made complies with the law, verify that it is well respected and intervene in the event of a breach – like notaries and judges for a marriage contract or a real estate sales agreement? As Primavera De Filippi explains, “the blockchain works like a decentralized cadastre: it is a way of recording information and certifying this registration at the source, without necessarily going through a third party”. Once constituted in “blocks”, these data make it possible to prove who did what and when, and are in principle impossible to modify or delete. “An interesting application of this principle is the development of ‘smart contracts’,” continues the researcher. This consists of computer-coded the performance of obligations and automating them. Let’s imagine that two individuals agree to enter into a contract: the blockchain allows them to reconstruct the procedure step by step (to prove that it complies with the law) and the automatic execution of the clauses makes it impossible for them to fail. “Even if the parties do not trust each other, they have the guarantee that the actions will be carried out automatically”, summarizes Primavera De Filippi.
💡The idea is all well and good, but the reality is a little more complicated. “The notary is also there to check that the parties are agreeing when they sign,” argues the researcher. Although the blockchain could now support a certification or notarization procedure, it cannot in any way substitute for this process. In contrast, “if the agreement must be broken or modified for unanticipated reasons or circumstances of force majeure, one cannot return and the acts continue to be executed.” For example, automatic transfers to creditors would continue for a corporation that had fallen behind on its payments. However, Primavera De Filippi admits, “We might of course anticipate such scenarios, but it seems difficult to predict everything.” It’s important for the rule of law to have more discretion when dealing with traditional contracts because their natural language is more ambiguous than a computer code like “if this, then that.” “The true challenge would be to take use of the finest of both worlds,” she says. We may conceive, for example, hybrid contracts, with a portion of automation and certification by blockchain, but consolidated by the subjective and more flexible evaluation of professionals.
What is my fear? 😱
I don’t know, why I used the word fear. To make my point clear to you I will give you one real example and one hypothesis.
Amazon stated in April 2019 that a computer system not only monitors warehouse employees’ work but also immediately terminates them if they fail to reach performance targets on a regular basis. The number of packed parcels and absence from work or interruption of work, e.g., due to breaks or restroom slacks, the so-called “time off task,” are the major indicators of performance (abbreviated: TOT). When TOT timings are too long, for example, the system automatically sends out notifications, and the 5% of the workforce with the worst performance statistics is instantly enrolled in a training program – or fired if they consistently fail their targets.
Now imagine a scenario in which big data, the internet of things, and artificial intelligence are used together to monitor everyone all the time. A small proportion of the population is in charge of society, and they see the broader people as nothing more than a machine.
English using Newspapers: Newspapers and magazines are required in all classrooms, including those for beginners. Newspapers can be used in the classroom in a variety of ways, from simple reading exercises to more complex writing and answering tasks. Here you will find suggestions for using newspapers in the classroom, organised by linguistic goals.
Read
Simple to understand: Students should read and discuss an article.
Request that students locate articles from various countries on a global topic. Students should compare and contrast how news is reported in different countries.
Vocabulary
Concentrate on word forms with coloured pens. Instruct students to encircle different forms of a word in an article, such as worth, worthlessness, and so on.
Instruct students to look for words of various types, such as nouns, verbs, adjectives, and adverbs.
Make a mind map of an article that uses vocabulary to connect ideas.
Pay attention to words that are related to specific ideas. For instance, instruct students to circle finance-related verbs. Allow students to compare and contrast the differences between these words in groups.
Grammar
Discuss the use of the present, which is ideal for recent events affecting the present moment, with a focus on shortened headlines that use the past participle, such as. The company ABC and XYZ Merger has been completed, and the Senate Bill has been approved.
To emphasise grammar points, use coloured pens. For instance, if you are studying verbs that use the gerund or infinitive, have students highlight these combinations with one colour for gerund and another colour for infinitives. Another option is for students to use different colours to highlight different tenses.
Make a photocopy of a newspaper article. Highlight important grammar elements that you want students to fill in the blanks with. Make all auxiliary bonds white, for example, and ask students to fill them out.
Speak
Divide students into groups and read a short article. Students should then write questions based on that article and then share articles with another group asking questions. Once the groups have answered the questions, take the students to couples, one from each group, and have them discuss their answers.
Ads in focus. How do the ads throw up their products? What messages are they trying to send?
Pronunciation / Listening
Assign students the task of preparing two paragraphs from a newspaper article. First, students should read all of the passage’s substantive words. Then, have students practise reading the sentences while focusing on the correct intonation of the sentence and content words. Finally, students read aloud to themselves and ask simple comprehension questions.
Concentrate on one or two IPA symbols by using the fewest possible pairs. Request that students emphasise the example of each phonemes that they practise. For example, by searching for representative words with each phoneme, students can compare and contrast the phonemes for the short/I/tone and the longer ‘ee’ of/i/.
Use a message that includes a transcript. Begin by having students listen to a message. Then, ask questions about the story’s main points. Finally, instruct students to listen while reading the transcript. Then there will be a discussion.
To write
Students should write brief summaries of the messages they read.
Request that students write their own newspaper article for a school or class newspaper. Some students can conduct interviews, while others can take photographs. Alternatively, you could use the same concept to create a class blog.
Students at lower levels can write descriptive sentences using photos, charts, images, and so on. To practise related vocabulary, these can be simple sentences that describe what someone is wearing. Advanced students can write about the “backstory” of photos, such as why a person was in the situation depicted in a photograph.
Consider this: You are teaching English to a group of other language speakers despite the fact that you do not speak other language. Present tense is a difficult concept to grasp for members of the group. What are your options?
So far, most of us have done our best to explain things in plain English and to provide numerous examples. There’s nothing wrong with this strategy. As many Other language-speaking English teachers are probably aware, it can be advantageous to quickly explain the concept in other language. The lesson can then be converted back to English. Rather than wasting fifteen minutes trying to explain the present in English perfectly, a one-minute explanation was sufficient. However, what can a teacher do if he or she does not speak other language — or any other language that their students speak? Google Translate comes into play. Google Translate is one of the most powerful free online translation tools available. Google Translate assists in difficult situations and provides lesson plans on how to use Google Translate in the classroom.
What services does Google Translate provide?
Google Translate has four main tool categories:
Translation
Translated search
Translator Toolkit
Tools and Resources
Translate and Google Translate – translates search in class are the two first uses of Google Translate that I’ll discuss in this article.
This is the most common tool. Enter text or a URL, and Google Translate will translate it from English to your target language. Google Translate provides translations in 52 languages, so you should be able to find what you’re looking for. Google Translate translations aren’t perfect, but they’re improving (more on that later).
Students should write short texts in English and then translate them into their native language. Students can benefit from using Google Translate for translations. Recognize grammatical errors in translations to detect them.
Use authentic resources, but give students the URL and ask them to translate the original into their target language. This will be beneficial when it comes to difficult Vocabulary. Make certain that students do not use Google Translate until they have read the article in English for the first time.
Students should begin by writing a few paragraphs in their native language as a form of introduction. If you can, have them translated into English, and then ask them to improve the translation, as well.
Enter your own short text and Google will translate it into the class’s target language(s). Request that students read the translation and then attempt to write the original English text.
If all else fails, Google Translate can be used as a bilingual dictionary.
Search engine translation
Google Translate also has a search function that can be translated. This tool is extremely useful for locating accompanying content that allows students to use authentic English materials. Google Translate offers this translated search to find pages written in another language while focusing on the English search term you specified. To put it another way, if we’re working on business presentation styles and using Google Translate’s translated search, I can provide some background materials in or another language.
In-class translation search
If you’re stuck on a grammar point, look for the grammar term to get explanations in the learner’s native language (s).
This option should be used to provide context in the learner’s native language (s). This is especially helpful if the students are unfamiliar with the subject. To improve their learning experience, they can become acquainted with some concepts in both their native language and English.
To find pages on a specific topic, use translated search. Several paragraphs should be cut and pasted. The students should then translate the text into English.
The translated search feature of Google Translate is ideal for group projects. Students frequently have no ideas or are unsure of where to begin. This is sometimes due to a lack of familiarity with the subject in English. Allow them to begin by using the translated search.
Here’s an apparently simple question: Should an English policy be implemented only in the English class room? Your gut reaction could be, yes, only English is the only way for students to learn English! There may, however, be some exceptions to this rule.
First, consider some of the arguments advanced in support of a classroom-only English-only policy: By speaking English, students learn to speak English.
Allowing students to speak in other languages diverts their attention away from the task of learning English.
Students who do not only speak English do not think in English. Students can converse in English if you only speak English.
Immersion in a language is the only way to learn to speak it fluently.
A classroom with an English-only policy forces them to negotiate the learning process in English.
Students who speak a language other than English distract other English learners.
Only English is used in effective classroom management, which encourages learning and respect.
All of these are valid arguments in favour of an English-only policy in the ESL/EFL classroom. However, there are compelling reasons for students, particularly beginners, to be able to communicate in other languages. Here are some of the more compelling arguments made in favour of the constructive use of other languages in the classroom:
Allowing or allowing learners to explain grammar concepts in their L1 (native language) speeds up the learning process.
Students can fill in the gaps in class by communicating in another language, especially if the class is large.
Allowing some communication in the learners’ L1 creates a more relaxed environment conducive to learning.
When other languages are permitted, translating difficult vocabulary becomes much easier and less time-consuming.
The requirement to have an English-only policy in the classroom appears to have turned the English teacher into a traffic cop at times.
Students can only learn complex concepts to a limited extent due to a lack of English vocabulary in relation to English grammar.
All of these are valid arguments in favour of an English-only policy in the ESL/EFL classroom. However, there are compelling reasons for students, particularly beginners, to be able to communicate in other languages. Here are some of the more compelling arguments made in favour of the constructive use of other languages in the classroom:
Allowing or allowing learners to explain grammar concepts in their L1 (native language) speeds up the learning process.
Allowing some communication in the learners’ L1 creates a more relaxed environment conducive to learning.
When other languages are permitted, translating difficult vocabulary becomes much easier and less time-consuming.
The requirement to have an English-only policy in the classroom appears to have turned the English teacher into a traffic cop at times.
Students can only learn complex concepts to a limited extent due to a lack of English vocabulary in relation to English grammar.
Students can fill in the gaps in class by communicating in another language, especially if the class is large.
These are equally valid reasons for possibly allowing some communication in the learners’ L1. The truth is, it’s a touchy subject! Even those who adhere to an English-only policy allow for some exceptions. Pragmatically, there are some situations in which a few words of explanation in another language can do the world of good.
Exception 1: If, despite multiple attempts…
If students still do not understand a concept after numerous attempts to explain it in English, it is helpful to provide a brief explanation in the students’ L1. Here are some ideas for how to explain these brief interruptions.
If you are fluent in the students’ first language, explain the concept. Mistakes in students’ L1 can actually aid in the development of a relationship.
If you are unable to communicate in the students’ first language, ask a student who clearly understands the concept. To avoid repetition, make sure to rotate the students who explain. To make a teacher’s pet.
If you understand students’ L1, have them explain the concept to you in their native language. This allows you to check their comprehension and demonstrate to students that you are also learning a language.
Exception 2: test instructions.
If you are teaching in a situation where students must take comprehensive English tests, make sure they understand the instructions completely. Unfortunately, students frequently perform poorly on tests because they do not understand the assessment’s instructions, rather than their language skills. In this case, it is a good idea to go over the students’ instructions in their native language. Here are some activities that you can use to ensure that students understand.
Students should translate the instructions into their first language. Students should be divided into groups to discuss differences in translation and comprehension.
Distribute the instructions to the class on separate strips of paper. Each student is in charge of translating a comic strip. Students should read the English passage first, followed by the translation. Discuss whether the translation is correct or incorrect as a class or in groups.
Give examples of questions for directions. Read the instructions in English first, then in the student’s first language. To assess students’ comprehension, have them answer practise questions.
Clear explanations in the L1 aids of the learners
When more advanced students can assist other students in their native language, the class progresses significantly. It is a purely pragmatic question in this case. It is sometimes more beneficial for the class to take a five-minute break from English rather than spend fifteen minutes repeating concepts that students do not understand. Some students’ English language skills may prevent them from comprehending complex structural, grammatical, or vocabulary issues. In an ideal world, the teacher would be able to explain each grammar concept in such a way that every student would understand it. However, especially for beginners, students require immediate assistance from their native language.
Conclusion
It’s unlikely that a teacher enjoys disciplining his or her students. It is nearly impossible to ensure that others do not speak in a language other than English when a teacher is paying attention to another student. Students who speak in other languages can, admittedly, annoy others. It is critical for a teacher to turn on and prevent conversations in other languages. However, if you are having a Disturbingly good conversation in English, telling others to only speak English can disrupt a good process during class.
Perhaps the best policy is simply to speak English – with a few caveats. It is a difficult task to insist that no student speak any other language. Creating an environment in the classroom that is solely for English should be a priority, but it should not be the end goal of a welcoming English learning environment.
Python is most powerful tool for Financial Analysis and Data Analysis. You can use python for Machine Learning and Artificial Intelligence.
Syllabus Content
Subject Name: Python for Financial Analysis
Unit
Title
Details of Topic
Unit I
Getting Started with Python
This unit will prepare the learner to use basic python for data analytics- This foundational unit will equip the learner to use the basic syntax of Python
Unit II
Numpy, General Overview of Pandas and Matplotlib
Numpy for financial analysis, General overview of pandas and visualization with matplotlib and pandas. Pandas with timeseries data. Capstone stock market analysis project.
Unit III
Time series analysis
Time Series basic, Introduction to basic Stat Model, ETS theory, EWMA Theory, ARIMA theory, ACF and PACF theory, ARIMA with stat model.
Unit IV
Python finance fundamentals, Calculating and Comparing Rate of Returns, Measuring Investment Risk
Introduction to python finance fundamental, Shape ratio, Simple and moving average, Calculating rate of return of individual share and portfolio. Calculating rate of return of Index. Calculating risk of individual share and portfolio Calculating index risk.
Unit V
Using regression in python, Markowitz portfolio optimization, Capital Assets Pricing Model, Multivariate regression analysis, Monte Carlo Simulations.
Calculation of simple regression. Calculation of Alpha, Beta and R squire in python. Markowitz portfolio optimization. Calculation of Multivariate regression.
Lesson Plan
U. No
Title
Details of Topic
Duration
Unit 1
Getting Started with Python
Installing Python, Installing Jupyter Notebook, Introduction of Jupyter Notebook and Google colab
Python variables, Data types, Basic Python Syntax, Python Operators.
Conditional statements, Python Functions, Python sequence, Iteration in Python
Object oriented programming, Modules and Package, Standard Library, Importing modules.
Unit 2
Numpy, General Overview of Pandas and Matplotlib
Introduction to Numpy, Numpy Array, Numpy operation, Numpy indexing
Introduction to Pandas, Series, DataFrames, Missing Data, Groupby with Pandas, Mearging, Joining, Concatenating DataFrame, Pandas common operations, Data input and output
Introduction to Visualization in Python, Matplotlib
Introduction ot data source, Note on PandasDatareader, quandl, Introduction to time Series with Pandas. Datetime Index, Time resampline, Time Shift, Pandas Rolling and Expanding.
Introduction to time series, Time series basic, Introduction to stat models,
ARIMA theory, ACF and PACF, ARIMA with Statmodels, Discussion choosing PDQ.
Unit 4
Python Finance Fundamentals, Calculating and Computing Rate of Returns. Measuring Investment Risk
Welcome o the Finance Fundamentals, Sharp Ratio, Portfolio Allocation Code Along, Considering Both Risk and Retrun, Calculating Security Rate of Retrun (Simple retrun and logarithmic return),
What is a portfolio of securities and how to calculate its rate of return, Popular stock indices that can help us understand financial markets, Calculating the Indices’ Rate of Return
Calculating the Indices’ Rate of Return, Calculating a Security’s Risk in Python, The benefits of portfolio diversification, Calculating the covariance between securities, Measuring the correlation between stocks
Calculating Covariance and Correlation, Considering the risk of multiple securities in a portfolio, Calculating Portfolio Risk, Understanding Systematic vs. Idiosyncratic risk, Calculating Diversifiable and Non-Diversifiable Risk of a Portfolio
Unit 5
Using regression in python, Markowitz portfolio optimization, Capital Assets Pricing Model, Multivariate regression analysis, Monte Carlo Simulations
The fundamentals of simple regression analysis, Computing Alpha, Beta, and R Squared in Python
Finance -Markowitz Portfolio Optimization, Obtaining the Efficient Frontier in Python
The intuition behind the Capital Asset Pricing Model, Understanding and calculating a security’s Beta, Calculating the Expected Return of a Stock.
Multivariate regression analysis – a valuable tool for finance practitioners, The essence of Monte Carlo simulations
Batch 1: The course started on the 15th and was completed on the 20th of June 2022 and on the 11th of August 2022.
The current employees of a company that doesn’t want to face an IPO, have the ability to sell their stock in the company to interested investors.
Some investment firms, like Analah Capital, TradeUnlisted, and Unlistedkart, offer their online brokerage services to help investors purchase shares in companies that aren’t listed on the major stock exchanges.
Investing in unlisted companies is a risky venture that’s not recommended unless your cash sits in your savings account after covering your other expenditures.
Reliance Industries and State Bank of India are popular among the public for making investments. Investing in private companies with growth potential can lead to attractive returns even though one may also invest in listed companies that could benefit from growth.
Shares of private companies are not open to trading in any stock markets. As a result, those interested in investing in those companies can do so through alternative platforms. Retail investors have several options when it comes to the unlisted space, here are some of the methods to use:
Pre-IPO investment
Pre-IPO trading (or purchasing shares of a company before they’re traded on the stock exchange) is the act of buying or selling shares in a company before it goes public. You do not have a stock exchange to buy these shares because they are not being traded publicly.
People who can’t or don’t want to trade unlisted shares on an exchange can buy them via intermediaries and platforms that trade them. Intermediaries and platforms purchase shares from employees, i.e., employee stock options (ESOP), existing investors, and new investors who want to invest. For the first time in years, the pre-IPO market has finally been opened up to the general public. Some investment firms, like Analah Capital, TradeUnlisted, and Unlistedkart, all of which offer various platforms for helping investors in their quest to purchase unlisted stock. People will put their shares in a Demat account. According to Unlistedkart, the minimum price could be as low as ₹ 25,000 to ₹ 50,000. No other investment platforms mention a minimum investment threshold. Share prices are locked for six months after the IPO is finished, as dictated by the regulator. The ban on selling stocks in the first six months after they’re listed means you won’t be able to sell until after that. Unlisted securities are considered short term if they are sold within 24 months. Your gains are taxable, and the amount is added to your income. In addition, it is subject to a 20% long-term capital gains tax with indexation (after 24 months). Remember that unlisted shares are illiquid and volatile, so if you try to sell your shares immediately, you may find it difficult. Since the early-stage markets are mostly held by institutional players, and transaction speed is relatively slow (making it impossible to sell shares and access capital whenever it is needed).
Companies
Pre-IPO selling
IPO price band
Listing price
Current price
Bombay Stock Exchange
₹200
₹806
₹1069
₹1179
Ratnakar Bank (RBL)
₹60
₹225
₹301
₹179
ICICI Lombard
₹400
₹661
₹680
₹1600
HDFC Standard Life
₹210
₹290
₹344
₹742
Avenue Supermarts (DMart)
₹280
₹300
₹616
₹4209
ICICI Prudential Life Insurance
₹130
₹334
₹310
₹696
Central Depository Services (CDSL)
₹60
₹149
₹261
₹1335
AU Small Finance Bank
₹175
₹358
₹597
₹1115
Source: Planify
Pre-IPO funds
One of the major reasons investors invest in pre-IPO funds is because they are given access to good companies early. Some wealth management firms that offer investment funds that invest in pre-IPO companies include Edelweiss Wealth Management, Kotak Investment Advisors, Trifecta Capital, and IIFL Wealth.
A company that invests in newly listed and forthcoming IPOs claims to have generated a compound annual growth rate (CAGR) of 21.7 percent since its establishment.
Warning:You should invest only extra money into illiquid and volatile investments when you’re a retail investor. Even if you get robbed, it won’t really affect you.