powerpoint presentation - european commission · the coca cola company “endor tripled our loan...

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3/19/2019 1 Penguin Press, 2014 MIT Institute Data, Systems, Society MIT Media Laboratory Oxford, Beijing UN Secretary General World Economic Forum AT&T, Telefonica, Google EU, Bejing, Colombia [email protected] Better Decisions with Data Copyright alex pentland 2019, all rights reserved framework for trusted data MIT Trust Data Alliance data insights across multiple private databases with minimum risk “this will change everything” UN Secretary General’s Office Copyright 2019 Alex Pentland European Union Presidency Opening Keynote Speech federated data with distributed query blockchain-based data control analytics on encrypted data Participants in trust.mit.edu alliance

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Page 1: PowerPoint Presentation - European Commission · The Coca cola company “Endor tripled our loan sales within a week of deployment” Ohad Maimon, EVP Business Strategy ``A revolutionary

3/19/2019

1

Penguin Press, 2014

MIT Institute Data, Systems, SocietyMIT Media LaboratoryOxford, Beijing

UN Secretary General World Economic Forum

AT&T, Telefonica, Google

EU, Bejing, Colombia

[email protected]

Better Decisions with Data

Copyright alex pentland 2019, all rights reserved

framework for trusted data

MIT Trust Data Alliancedata insights across multiple private databases with minimum risk

“this will change everything” UN Secretary General’s Office

Copyright 2019 Alex Pentland

European Union Presidency Opening Keynote Speech

• federated data with distributed query• blockchain-based data control• analytics on encrypted data

Participants in trust.mit.edu alliance

Page 2: PowerPoint Presentation - European Commission · The Coca cola company “Endor tripled our loan sales within a week of deployment” Ohad Maimon, EVP Business Strategy ``A revolutionary

3/19/2019

2

key insights:

share answers not data

log everything on blockchain

Copyright alex pentland 2019, all rights reserved

transparent, incorruptable

Output

Inputs

Blockchain

Sandbox

Computation

Verify Identities, Computation

Cer

tifi

ed a

nsw

ers

to v

erif

ied

en

titi

tes

Certified

Op

en A

lgorith

ms

On-chain

Off-chain

CoreID

Copyright alex pentland 2018

OPAL (Open Algorithms) private data for public good

Page 3: PowerPoint Presentation - European Commission · The Coca cola company “Endor tripled our loan sales within a week of deployment” Ohad Maimon, EVP Business Strategy ``A revolutionary

3/19/2019

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OPAL System: Open Algorithms for Safe, Easy Data Sharing

• Cross organization/ vertical

sharing

• Privacy, consent,

accountability

• Regulatory & compliance

• New incentive models

Open Data: safety vs usefulnessMIT-United Nations Study

exponential fit R2 = 0.93

Reid

en

tification

in

form

ation

ratio

M24

M12

Z12M1

M6

D24

D12

D6

Z24

Z6

D1

Z1

“census” dataresolution is

best!

INDIVIDUAL LEVEL DATAminute-by-minute

CITY LEVEL DATAone year average

Copyright alex pentland 2018

citizen understanding – data literacy

small data – don’t need AI

open data – public and private use

advantages of census level aggregation

obviously secure – trusted data

Page 4: PowerPoint Presentation - European Commission · The Coca cola company “Endor tripled our loan sales within a week of deployment” Ohad Maimon, EVP Business Strategy ``A revolutionary

3/19/2019

4

other examples of data for good

poverty, inequality

transport

infrastructureinvestment

public health

Copyright alex pentland 2018 all rights reserved

work-home network

diversity predicts gdp growth

diverse connections improvepotential for growth

cap

ital

gro

wth

ind

icat

ors

Copyright alex pentland 2018 all rights reserved

Page 5: PowerPoint Presentation - European Commission · The Coca cola company “Endor tripled our loan sales within a week of deployment” Ohad Maimon, EVP Business Strategy ``A revolutionary

3/19/2019

5

Copyright alex pentland 2018 all rights reserved Kai Chong , Mohsen Bahrami, alex pentland

diversity GDP growth

R^2 = 0.45 across three continentsreduction in diversity predicts neighborhood crime

neighborhood amenity investment

ability to evaluate economic impact on neighborhoods

transportation winners and losers

how can we ensure fairness?

Page 6: PowerPoint Presentation - European Commission · The Coca cola company “Endor tripled our loan sales within a week of deployment” Ohad Maimon, EVP Business Strategy ``A revolutionary

3/19/2019

6

# #

fairness and correctness requirefull, continuous auditability

opalproject.org: national data systems for colombia, senegal

Copyright alex pentland 2019

0 1

Active Fairness

0 1

0 1

Less features

More features

Varying the group-level information budgets enables fair classification without randomization

0 1

0 1

Less info redgroupMore info bluegroup

better decisions and fake news

Page 7: PowerPoint Presentation - European Commission · The Coca cola company “Endor tripled our loan sales within a week of deployment” Ohad Maimon, EVP Business Strategy ``A revolutionary

3/19/2019

7

a potential solution:diversity predicts on-line reputation

(data from Zhihu, similar to Quora)

on

-lin

e re

pu

tati

on

structural diversity increasing ->

incubator success

going to the next level

Page 8: PowerPoint Presentation - European Commission · The Coca cola company “Endor tripled our loan sales within a week of deployment” Ohad Maimon, EVP Business Strategy ``A revolutionary

3/19/2019

8

key insights:

share answers not data

log everything on blockchain

never decrypted data

computation on encrypted datatransparent, incorruptible, secure

Output

Inputs

Blockchain

Encrypted Data

Verify Identities, Computation

Cer

tifi

ed a

nsw

ers

to v

erif

ied

en

titi

tes

Certified

Op

en A

lgorith

ms

CoreID

Copyright alex pentland 2018

NO FIREWALL!!!

“This makes is possible to use and maintain data without holding it”

Lawrence Lessig (Harvard Law School Berkman Center) in WSJ

dramatically changes privacy, localization, ownership

Page 9: PowerPoint Presentation - European Commission · The Coca cola company “Endor tripled our loan sales within a week of deployment” Ohad Maimon, EVP Business Strategy ``A revolutionary

3/19/2019

9

4.53 4.54 4.55 4.56 4.57 4.58 4.59 4.6 4.61

x 105

4.53

4.54

4.55

4.56

4.57

4.58

4.59

4.6

4.61

x 105

nz = 11228155

Threshold =0.95

Real Time Community Analysis

• Blocks are sub-communities

• Some groups had NO internal direct money transfer!

• We detect the entire “hidden network” around a single fraudulent account

AI on encrypted data

example: bitcoin fraud

De-anonymization (“Identity merging”)Copyright alex pentland 2019, all rights reserved

RETAIL FINANCE INTELLIGENCE

``Endor takes it to a

completely new level’’

Dr. Alan Boehme, CTO

The Coca cola company

“Endor tripled our

loan sales within a

week of deployment”

Ohad Maimon, EVP

Business Strategy

``A revolutionary concept

and a true technological

breakthrough,unmatched by

any competing tool"

CIO, Israel

Intelligence corps

Copyright alex pentland 2019, all rights reserved

AI for Encrypted DataENDOR:

Alex Pentland [email protected]