Researcher profile

Anand Rao

Anand Rao contributes to research discovery and scholarly infrastructure.

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Published work

3 published item(s)

preprint2026arXiv

Towards Apples to Apples for AI Evaluations: From Real-World Use Cases to Evaluation Scenarios

AI measurement science has a wide variety of methodologies and measurements for comparing AI systems, resulting in what often appear to be "apples-to-oranges" comparisons across AI evaluations. To move toward "apples-to-apples" comparisons in real-world AI evaluations, this work advocates for methodological transparency in evaluation scenarios, operational grounding, and human-centered design (HCD) principles. We propose a repeatable process for transforming high-level use cases to detailed scenarios by eliciting use cases from subject matter experts (SMEs) via a structured AI Use Case Worksheet with six key elements: use case, sector, user (direct and indirect), intended outcomes, expected impacts (positive and negative), and KPIs and metrics. We demonstrate utility of the worksheet and process in the U.S. financial services sector. This paper reports on example high-level AI use cases identified by financial services sector SMEs: cyber defense enablement, developer productivity, financial crime aggregation, suspicious activity report (SAR) filing, credit memo generation, and internal call center support. These AI use cases provided are illustrative of the process and not exhaustive. Central to our work is a three-stage expansion pipeline combining LLM prompting with human reviews to generate 107 scenarios from those use cases elicited from SMEs. This process integrates iterative human reviews at every juncture to ensure operational grounding: for scenario titles and descriptions; for core scenario elements like users, benefits and risks, and metrics; and for scenario narratives and evaluation objectives. Human checkpoints ensure scenarios remain reflective of real-world usage and human needs. We describe a validation rubric to assess scenario quality. By defining key scenario components, this work supports a more consistent and meaningful paradigm for human-centered AI evaluations.

preprint2022arXiv

Intelligent Systematic Investment Agent: an ensemble of deep learning and evolutionary strategies

Machine learning driven trading strategies have garnered a lot of interest over the past few years. There is, however, limited consensus on the ideal approach for the development of such trading strategies. Further, most literature has focused on trading strategies for short-term trading, with little or no focus on strategies that attempt to build long-term wealth. Our paper proposes a new approach for developing long-term investment strategies using an ensemble of evolutionary algorithms and a deep learning model by taking a series of short-term purchase decisions. Our methodology focuses on building long-term wealth by improving systematic investment planning (SIP) decisions on Exchange Traded Funds (ETF) over a period of time. We provide empirical evidence of superior performance (around 1% higher returns) using our ensemble approach as compared to the traditional daily systematic investment practice on a given ETF. Our results are based on live trading decisions made by our algorithm and executed on the Robinhood trading platform.

preprint2022arXiv

Investigating Cargo Loss in Logistics Systems using Low-Cost Impact Sensors

Cargo loss/damage is a very common problem faced by almost any business with a supply chain arm, leading to major problems like revenue loss and reputation tarnishing. This problem can be solved by employing an asset and impact tracking solution. This would be more practical and effective for high-cost cargo in comparison to low-cost cargo due to the high costs associated with the sensors and overall solution. In this study, we propose a low-cost solution architecture that is scalable, user-friendly, easy to adopt and is viable for a large range of cargo and logistics systems. Taking inspiration from a real-life use case we solved for a client, we also provide insights into the architecture as well as the design decisions that make this a reality.