IARPA selects Raytheon for predictive analytics competition
RAYTHEON CO (RTN)
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Source: PR Newswire
CAMBRIDGE, Mass., July 30, 2018 /PRNewswire/ -- The Intelligence Advanced Research Projects Activity awarded Raytheon BBN Technologies (NYSE: RTN) a $14.5 million contract to develop a system that improves the accuracy of predicting a range of geopolitical events – including elections, conflict, and disease outbreak. The contract was awarded last year under IARPA's Hybrid Forecasting Competition."Event forecasters have struggled with the best way to combine the capabilities of human and machine analysts," said Lance Ramshaw, principal investigator and lead scientist at Raytheon BBN Technologies. "We're identifying the optimal combination to develop the best forecasting system possible."While human analysts are flexible and can apply context to their event forecasting models, machines can more quickly process massive amounts of data to make unbiased forecasts. Together, Raytheon BBN's hybrid forecasting system uses the benefits of both by providing: Automated a
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