Emilio

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Machine Learning enhances Public Policy in Colombia
Emilio
Posted on November 13, 2018 at 1:36 pm
It is undeniable the importance of data processing in decision making. Colombia has started implementing machine learning to better understand the efficient policies and maximize the impact of the taxpayers’ money in the country’s development.

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On November 15, 2018, Emilio commented on Can machine learning take the pain -and cost- out of how we pay for healthcare? :

Very interesting application of machine learning. For sure it could have a big impact in all of our lives. Besides the application that you mention for the United States and its potential to reduces costs I believe it could be easily applied to fraud detection. If you are able to process all the information that is going around you can monitor drug consumption and evaluate if patients or doctors are taking advantage of the different insurances and for example doing arbitrage with prices. If you get all the information together you can detect this and penalize whoever is doing so.

On November 15, 2018, Emilio commented on World War 3D: How success on tomorrow’s battlefield will depend on the agility and flexibility provided by Additive Manufacturing :

I did not know this was happening and it sounds amazing. A big challenge here is protection on cyber attacks that could steal the detailed information on weapon construction. If this information falls in the wrong hands, the enemy could be matching up the military’s arsenal in a specific battle. Also it will disclose how many weapons and what type of provisions the military is bringing to the field. Another risk with cyber attacks could come from hackers changing the amount of weapons built or even the quality that will be produced.

On November 15, 2018, Emilio commented on LEGO: Leveraging the Building Blocks of Open Innovation :

This is very interesting! It is amusing how people are willing to share their ideas and allow for a company to generate extra revenue without asking anything in exchange. Something that I wonder is how Lego is giving recognition to the people that give the ideas that at the end are being selected. Are there any incentives? Given that the people that are giving the ideas love Lego a good incentive could be inviting them to visit the production plant or become part of an exclusive club.

Also something amazing that I see is happening is that with the voting process on the ideas the company gets some measures on future demand. This, besides reducing the time to come up with a product, almost guarantees the sales later on and generates a great advertisement.

On November 15, 2018, Emilio commented on Adidas’s Race to be #1 in 3D Printing :

This is amazing! I did not know this was a thing in the shoe industry. Just imaging walking into the store, scanning my feet and walking out of the store with a custom made shoes sounds amazing. This could revolutionize the industry a 100%. My only concern is the impact in work in the future. How many employees will be fired in Adidas? How is the company thinking to do this shift from a more people intensive to capital intensive production?

On November 15, 2018, Emilio commented on Resurging Queen: Singapore Airlines and Its Open Innovation Scheme :

This is really interesting. Something I struggle to understand is how do you incentivize users to share their ideas. How do you manage IP when the idea came from crowdsourcing? Would the person that submit the suggestion have rights over its IP or they forfeit their right? How are people being incentivized to submit their best ideas?

In Colombia a low cost airline was launched a few years ago and they crowdsourced the logo creation. It was a competition and a friend of mine won it. He has been traveling for free in this airline for the past 4 years! This is a very good incentive for people that could bring even more innovative ideas on board.

On November 15, 2018, Emilio commented on Using Machine Learning for Crime Prediction :

This is a very interesting application of machine learning. One very interesting way of applying this might to focus social policies on these neighborhoods. By focussing in improving some variables in these areas you will see the effect in a few years. For example by investing in education or creating recreational centers in these areas you could decrease crime in the following years. Also, according to the broken window theory you could work on cleaning more often the neighborhood and making investments in light posts, and fixing the broken windows to generate a better atmosphere and reduce the risk for crime.