A key line of research now deals with accurate forecasting for the EUR/USD rate with some very promising results on loads of data, during very, very volatile times (most of 2011 and 2012):
Th. Zafeiriou and D. Kalles. “Short-term Trend Prediction ofForeign Exchange Rates with a Neural-Network based Ensemble of FinancialTechnical Indicators”, International Journal on Artificial Intelligence Tools, Vol. 22, No. 3, 2013.
The basic idea is pretty simple: you generate an ensemble of fairly standard technical indicators, each of which is OK but quite modest in performance, and you use a neural network to learn which one is the biggest contributor to a succesful prediction. That way you deal effectively with drift since none of these indicators is good enough for all times.
We are now looking into integrating this technology with algorithmic trading software and into commercialising it.
It all started, however, long ago with the development of specialized decision support systems for engineering applications ...
... for the water industry:
Th. Hadzilacos, D. Kalles, N. Preston, P. Melbourne, L. Camarinopoulos, M. Eimermacher, V. Kallidromitis, S. Frondistou-Yannas and S. Saegrov. “UTILNETS: A Water Mains Rehabilitation Decision Support System”, Computers, Environment and Urban Systems (special issue on Urban Knowledge Engineering), Vol. 24, pp. 215 - 232, 2000.
... the tunnel construction industry:
D. Bairaktaris, S. Frondistou-Yannas, D. Kalles, V. Kallidromitis, G. Kotrotsios and P. Negro. “Detection and Assessment of Seismic Damage in Reinforced Concrete, Transportation, Primary Tunnel Linings”, 1st EU-Japan Workshop on Seismic Risk, Chania, Greece, 1998.
D. Bairaktaris, S. Frondistou-Yannas, D. Kalles, A. Stathaki, V. Kallidromitis, G. Kotrotsios, P. Negro and A. Colombo. “Intelligent Monitoring of Seismic Damage in Reinforced Concrete Tunnel Linings”, Workshop on Reducing Earthquake Risks to Structures and Monuments in the European Union, Cambridge, UK, 1998.
D. Bairaktaris, S. Frondistou-Yannas, D. Kalles, A. Stathaki, V. Kallidromitis, G. Kotrotsios, P. Negro and A. Colombo. “Intelligent Monitoring of Seismic Damage in Reinforced Concrete Tunnel Linings”, OECD-Nuclear Energy Agency Workshop on the Instrumentation and Monitoring of Concrete Structures, Brussels, Belgium, 2000.
... the power industry (this one was just a position paper, though):
D. Kalles, A. Stathaki and R.E. King. “Intelligent Monitoring and Maintenance of Power Plants”, Workshop on "Machine learning applications in the electric power industry", Advanced Course on “Machine Learning and Applications”, Chania, Greece, 1999.
... and the bridging of AI with bio-informatics (yet another position paper):
L. Skarlas and D. Kalles. “MAPS: An Intelligent Learning Environment for Bio-Informatics”, Workshop on Bio-Informatics, Genomics and Proteomics, an ArtificialIntelligence Approach, a workshop of the 18th European Conference on Artificial Intelligence, pp. 27-30, Patras, Greece, July 2008.