GUEST SPEAKER RICK HAMILTON THE RISE OF MACHINE

GUEST SPEAKER: RICK HAMILTON THE RISE OF MACHINE LEARNING AND ARTIFICIAL INTELLIGENCE & VOLUNTEER ORIENTATION EVENT Johannesburg JSE 31 January 2018

The Rise of Machine Learning and Artificial Intelligence Rick Hamilton Optum Distinguished Engineer January, 2018

TECHNOLOGY TRANSFORMATION Big Data Cloud Social, Mobile IOT Artificial Intelligence

EXPLOSION OF INTERNET INFORMATION FLOW 2015 2007 5 EXABYTES Per Month 2020 72 EXABYTES Per Month Source: Cisco Visual Networking Index 41 x 207 EXABYTES Per Month

DATA IS A NEW FORM OF CURRENCY Solid. Fire kaggle Music i. Handy Snapfish Super. Cam Pandora Docu. Sign Amazon salesforce. com Xactly DCC Manufacturing Projects Product Configurator SAP CRM Bills of Material SCM Burroughs IBM Hitachi MRM Engineering Quality Control HP CCC Order Entry Inventory EMC HCM Cost Management Facebook Google e. Bay Hosting. com Net. Documents Workscape Cyber. Shift NEC Fijitsu Bull Client/Server Megabytes Cash Management ERP HCM Time and Expense Fixed Assets Costing Accounts Receivable Billing Payroll nebula HP e. Print box. net Yandex Cloud. Sigma Hootsuite Qvidian Splunk cloudability Foursquare Zoho Datapipe Alterian Open. Text Every 60 seconds Lifestyle Atlassian Lime. Light Scanner Pro Net. Reach Ping. Me Taleo Reference Amazon Web Services buzzd Sport Scale. Xtreme Games Workbrain Pinterest Twitter 98, 000+ tweets 695, 000 status updates Sage Unisys Mainframe Kilobytes Bromium Travel Parse Linked. In UPS Mobile Go. Grid Hyland Tata Communications Quickbooks Ariba App. Fog Dragon Diction Plex Systems Finance Urban Net. Suite Joyent Scribd. Smug. Mug The Internet Gigabytes Microsoft Xerox Serif SLI Systems Op. Source Avid Elemica ADP Virtual. Edge Yahoo! SCM Cyber. Shift Paper. Host Adobe Corel Mobile, Social, Big Data & The Cloud Zettabytes 11 million instant messages 698, 445 Google searches Zynga Workday Baidu Navigation Yandex Mixi Photo & Video Khan Academy Zillabyte Heroku Yammer Renren Entertainment Viber Activity Management Success. Factors PLM Yahoo Training Kinaxis Education Answers. com Microsoft Atlassian Sugar. CRM Sales tracking & Marketing Social Networking Saba Brain. POP Rostering Right. Scale PPM Sonar 6 Time & Attendance You. Tube CYworld Quadrem Mobile. Frame. com Kenexa Sonar 6 Service Jive Software Business Commissions Saba my. Homework Database Net. Suite Qzone Tumblr. Softscape Claim Processing Intacct News Fring Toggl dot. Cloud Amazon Exact Online Cornerstone on. Demand Data Warehousing Xing Cookie Doodle New Relic Mozy Financial. Force. com Softscape Ping. Me Mail. Chimp Zynga Utilities Ah! Fasion Girl Volusion Intra. Links Associatedcontent Beyond. Core Smug. Mug Atlassian Mobilie. Iron Productivity Fed Ex Mobile Rackspace Flickr Trip. It Twitter i. Schedule Paint. NET 168 million+ emails sent 1, 820 TB of data created 217 new mobile web users What’s next? Yottabytes

WHAT IS ARTIFICIAL INTELLIGENCE? DL ML AI One Working Definition: The theory and development of computer systems able to perform tasks that normally require human intelligence, such as visual perception, speech recognition, decision-making, prediction, and translation between languages. 6

MACHINE LEARNING DL ML AI - Systems learn from data, without being explicitly programmed - Five Machine Learning Tribes: - Bayesian: Posterior Probabilities - Symbolist: Logic and Expert Systems - Analogizer: Support Vectors - Evolutionary: Genetic Programs - Connectionist: Artificial Neural Networks - Approaches: - Supervised – A target, value, or class exists, which the system can predict - Unsupervised – Looks for patterns in unlabeled data - Reinforcement – Develop the best strategy to achieve an objective 7

DEEP LEARNING DL ML AI - State of the Art Connectionist technology - Multiple Layer artificial neural networks, to represent and organize - Why the Renaissance? - Available Data - Processors, e. g. , GPUs and ASICs - Architectural approaches and software-embodied methodologies 8

MACHINE LEARNING IN THE FINANCIAL SECTOR 1 2 3 4 9

MACHINE LEARNING IN THE FINANCIAL SECTOR 5 6 7 8 10

For More Information: - Data Science Meetups - Online Education - Through Udacity, Coursera, other educational providers - Through Google, Nvidia, other ML service providers - Increasing number of Blogs, Columns, and other online assets

LET’S MEASURE UP

LET’S MEASURE UP 1

STANDARDS AND ADVOCACY COMMITTEE 15

STANDARDS AND ADVOCACY COMMITTEE PURPOSE The purpose of the Advocacy Committee is to: • Promote the highest member standards • Advocate on behalf of members where necessary • Represent the members in policy formation 16

STANDARDS AND ADVOCACY COMMITTEE OBJECTIVES • Promote the CFA Code of Standards and Ethics - Facilitate, provide and promote CFA Standards and Ethics learnings - Provide country-level guidance on Standards and Ethics in Southern Africa • Take action to promote Advocacy - Proactively inform Regulatory and Best Practice policy - Represent member interests in policy debate 17

STANDARDS AND ADVOCACY COMMITTEE MANDATE The Advocacy Committee has the responsibility to: • Interact with regulators, policy-makers, CFA Institute and other industry bodies where necessary to promote member interests in advocacy, standards and ethics • Co-ordinate member suggestions/requests relating to regulation, standards, and ethics • Make recommendations regarding advocacy, standards and ethics on behalf of the CFA Society of South Africa 18

STANDARDS AND ADVOCACY COMMITTEE INITIATIVES • Ethics training and workshops for corporates, regulators, trustees, asset managers etc. • Asset Manager Code of Conduct • GIPS • Maintain contact and engage with regulators on policy issues 19

PROGRAMME EVENTS COMMITTEE 20

PROGRAMME EVENTS COMMITTEE WHAT WE DO? • Educational Events - Webcasts - Presentations • Networking Events - Including speakers, informal lunches, drinks and social • New Initiatives - To be discussed further 21

PROGRAMME EVENTS COMMITTEE EVENTS HOSTED IN 2017 • ‘Is SA Really Investment Grade? ’ – Panel Discussion – JHB • ‘Blowing Bubbles’ – Presentation and Round Table with Grant Williams – CT • ‘Berkshire AGM’ – Live Streaming at Citadel – CT • ‘Perils of Forecasting’ – Presentation by Craig Bodenstab– JHB & CT • ‘BRICS’ – Presentation by Glenn Silverman – JHB & CT 22

PROGRAMME EVENTS COMMITTEE New Charter Recognition Event - JHB Craig Bodenstab Presentation - CT New Charter Recognition Event - CT Citadel Berkshire AGM Glenn Silverman Presentation Live streaming - CT JHB & CT 23

CAREER SERVICES 24

CAREER SERVICES PURPOSE • Market and create career opportunities for CFA Level III Candidates, Charter Pending and Members based in South Africa. • Improve members marketability in terms of professional and soft skills • Review Career Service initiatives of other societies and adopt where possible 25

CAREER SERVICES OBJECTIVES • Establish networking channels • Developing career resources for members and brokers information between employers and members regarding job opportunities and qualified talent • Improves members’ professional, or “soft, ” skills so they can differentiate themselves in the marketplace based. • Provides industry and career pathway insights • Assist the CFA Board and other relevant committees with marketing the value of achieving the CFA®/CIPM® designations • Reporting regularly to the society on career services programming 26

CAREER SERVICES HOW CAN YOU HELP? • Be part of our networking channels – even if not an actively involved in coordinating events • Please be a contact for key HR personnel • Volunteer to be part of the committee • Join the Whatsapp group (any ideas on better platforms welcome) • Help market and broadcast networking events 27

TECHNOLOGY COMMITTEE 28

TECHNOLOGY COMMITTEE Purpose: §Use technology to accelerate the strategic goals of CFA Society South Africa. §Manage the online presence of the society. Objectives: §Increase the number of candidates enrolled in the CFA program §Accelerate the integration of candidates into the Society §Improve engagement levels of charter holders with the local society §Enhance the awareness of the CFA brand with the broader public 29

TECHNOLOGY COMMITTEE PLAN FOR 2018 Objective Increase the number of candidates enrolled in the CFA program Accelerate the integration of candidates into Society Improve engagement levels of charter holders with the local society Enhance the awareness of the CFA brand in the broader public Target What is planned Enhance the scale and efficiency of the scholarship application Candidates process by introducing new online platform Creating a candidate app that will help candidates with exam Candidates prep, career guidance, networking Enhancing newsletter Members distribution and member interaction Re-design of Society website to Members & improve user engagement Candidates General Public Management of social media presence Measurement Number of scholarships awarded; Length of selection process Usage patterns on application Response rate to emails; content engagement levels Number of active users; usage of new features like news aggregation and webinars SM analytics for Linked. In, Twitter, Facebook; depth of impressions from nonmembers 30

TECHNOLOGY COMMITTEE HOW YOU CAN GET INVOLVED 2 Volunteers are Needed to Help Drive These Projects §Scholarship Portal (from applications to assessment to funds disbursement) §Candidate App (from feature selection to app design to user acquisition) §Member newsletters (from content support to email distribution to user analytics) §Website revamp (from website design to feature management to user acquisition) §Social media (from content curation to public relations to user engagement) Volunteers Will Join the Technology Committee §Leadership position within the society §Path towards becoming a board member of CFA Society South Africa 31

CANDIDATE PREPARATION COMMITTEE 32

CANDIDATE PREPARATION COMMITTEE The committee is responsible for any society initiative related to potential candidates for the CFA® Programme Committee members D Semwayo (Chair), CFA; TK Muchedzi, CFA I Vermeulen, CFA; D Morkel, CFA 33

CANDIDATE PREPARATION COMMITTEE • CFA INTRODUCTION SESSIONS • Introduction sessions held at Universities • JHB & CT– February & September (3 – 5 people to conduct the presentations) • CAREER DAY • Universities (JHB, CT, UKZN, NWU) • Soweto, GIBS & other schools • Spend 2 hours interacting with university and high school students • RESEARCH CHALLENGE • University mentors (6 hours over email/Skype) • Research Report Grading (6 to 10 people for 4 to 6 weeks) • Research Report Grading (Experienced industry professionals) 34

CANDIDATE PREPARATION COMMITTEE • • • SCHOLARSHIPS Locally award CFA scholarships Aim to complete the assessment in one day Johannesburg and Cape Town locations (The more the better – one day commitment) MENTORING Develop and Run a CFA candidate Mentoring program 2 or 3 sub committee to develop the program STUDENT SUPPORT Short audio/video material on key & challenging topics Establish study groups across the country (volunteers to do recordings) 35

CANDIDATE PREPARATION COMMITTEE Information Sessions University Career Days Local University Research Challenge 36

PUBLIC AWARENESS COMMITTEE 37

PUBLIC AWARENESS COMMITEE RESPONSIBLE TO INFORM • The purpose of the Public Awareness Committee is to: - Be responsible for the CFA brand in South Africa; - Manage the marketing and communication strategy for the local society; - Be the local voice for CFA Institute messaging. 38

PUBLIC AWARENESS COMMITEE OBJECTIVES • It is about building relationships and communicating; • Raising awareness; • Reaching out to the CFA community and the broader society, including • Press, Industry Associations, Various Role Players. 39

TO DO AND ENJOY • Build a virtual community; • Raise awareness through Social Media Platforms and Apps; • Spread the word; • Collaboration with other committees. This Photo by Unknown Author is licensed under CC BY-NC-SA 40

IF THIS IS YOU • • • Keen to be active on social media; Prepared to tweet, post on Linked. In and Face. Book; Have some ideas about how to get us “out there”; Interested in contributing to our newsletter; Interested in collaborating with the Technical Committee on how best to communicate with members and associates. DO JOIN US 41

Please complete the form supplied to indicate which Committee(s) you would like to be involved in. 42

Follow us on Social Media @CFA_SA #Volunteers. Measure. Up CFA Society South Africa (Company Page) @cfasouthafric a