by Anika D | Jul 28, 2022 | Emerging Technology
It is forecast that real estate sales of Metaverse will rise to $5 billion by 2026. The recent analysis of “Technavio,” the international market research company, makes this prediction itself. As Metaverse’s social ecosystem develops a vibrant and real-world environment, more individuals will join it. Therefore, its popularity directly impacts the real estate market, and the market worth is forecast to rise exponentially.
The Liking for the World of Metaverse
The world of Metaverse is becoming common everywhere. People are fully welcoming this virtual world of reality. Therefore many tech companies anticipate the rapid growth of the real estate world of the Metaverse. It also shows that people are eagerly waiting to join this virtual ecosystem.
Exponential Rise in the Metaverse Real Estate Market
Source
Metaverse is continually progressing into a substantial, living, and breathing world resulting in more people joining its ecosystem. This popularity of the Metaverse will surely impact the real estate world. The tech company, Technavio states that real estate sales will rise for two reasons. First, Metaverse provides a virtual reality (VR) experience to the users triggering the customer’s interest by offering annotations and decoding tags for application-specific tasks.
The second reason for the popularity of the real estate market of Metaverse is cryptocurrencies. The properties purchased by individuals in the virtual space will be accessible due to the cryptocurrency launch. Furthermore, crypto trading bots allow the owners to sell or rent their virtual lands, presenting a passive source of income.
Regional and Leaders Real Estate Market Challenges
It is a myth that the Metaverse real estate world is easily making profits. But unfortunately, everything is not rosy for the virtual space in the real estate market. It is still a revolutionary sector that has to look and make its place, as it is quite different from the real estate market in the real world. Every land in the virtual world will have a different price depending on various factors that are unique in each case.
The report from Technavio states that virtual land prices do not go along with the pricing pattern of the real estate market in the physical world. That’s why the cost of digital assets, including the real estate market of Metaverse, will depend on the customer’s radical views on their price. As a result, it leads to price fluctuations of virtual property.
These cost variations can negatively affect the companies and users’ investments who show interest in getting into these growing technologies. Therefore, the most proliferation will come along with companies and investors in North America. This region makes almost 41% of the investments during the indicated time. As a result, applications, including Metaverse technology, will be maximum adoption.
To Sum Up
The variation in the real estate market of Metaverse will negatively impact the investor’s and company’s investments. Most of the rise will occur due to North American investors and companies. Therefore, it is further foreseen that the investment will be around 41% above the estimated period. On the other side, it is forecast that the rise of the metaverse world this year will be approximately $1 billion.
by Anika D | Jul 25, 2022 | Artificial Intelligence, Emerging Technology
Artificial Intelligence (AI) plays a significant role in day-to-day life with the advancement in technology. Whether you talk about web searches or the decision to watch a TV show, AI is already everywhere you can think of. Moreover, AI is also revolutionizing workplace safety by bringing great improvements in business processes. Many industries are working with dangerous gasses, chemicals and machines. So, AI can help to reduce accidents and improve job safety in such businesses. Let us find below how AI can help in building a safe workplace:
Human Error Reduction
The main reason behind most workplace injuries is human error. One tiny mistake from you can lead to human lives at risk. Maximum injuries occur due to stress and fatigue in workers. But AI can not make such mistakes because of its never-tiring potency. Moreover, the Machine Learning (ML) model and IoT can accurately identify hazardous places and workers’ fatigue. Then it can alert supervisors about potential dangers in advance.
Better Decision-Making
Nowadays, businesses are adopting different security technologies like cameras, badge readers, IoT facility monitors and many others. It allows them to get data that helps to maintain the workplace secure for workers. Artificial Intelligence identifies data abnormality to support workplace safety. AI also allows companies to process data quickly and identify anomalies.
Automating Dangerous Tasks
Source
ML and AI make robots more accurate during their production phase. AI can use robots and automation to finish dangerous tasks in hazardous places. Robots can complete human tasks easily by entering hazardous environments and sending reports to you in a safe area.
For instance, nowadays, people use drones in the construction industry to inspect and evaluate worksites. Moreover, drones can easily find errors that humans can not detect. So, drones make job inspection easier and safer.
Employee Monitoring with Artificial Intelligence
AI uses IoT sensors to track workers on different levels. Also, it is showing exceptional results in stopping viruses from spreading. For instance, if any employee is COVID-19 positive, managers can track the data and look for people who came close to that infectious worker. In this way, firms can identify viruses to spread.
However, employee monitoring can make a workplace safe in the following other ways:
- Track location of a worker
- Reduce injuries
- Monitor worker’s vital signs
- Inform workers about hazards
Harassment Tracking
One of the serious issues in every company is workplace harassment. Out of 5, 3 women experience sexual harassment at their offices. AI can help companies there too. It can check such issues and identify the person responsible. Moreover, AI uses natural language processing (NLP) to scan different files and emails for inappropriate phrases. Then, it automatically sends an alert to the manager.
Equipment Control
Another reason for workplace injuries is faulty tools and machines. As a result, many people experience horrific injuries and lose their lives every year. AI can play a significant role by identifying devices that are not working properly. Then, it proposes the best solutions for them.
Final Thoughts
To prevent the business from struggling, a company must heighten workplace safety in the above-mentioned ways. Artificial Intelligence completely empowers organizations to identify abnormalities and take preventive measures in time.
by Anika D | Jul 21, 2022 | Emerging Technology
A virtual platform where you can connect with everyone via digital avatars is known as Metaverse. This technology produces a virtual space similar to the real world. Moreover, virtual communities emerge at a rapid pace due to covid-19. Therefore, you can easily see an individual’s ecosystem globally. Furthermore, the popularity of NFTs, 3D avatars, cryptocurrencies, and immersive gaming create various opportunities for worldwide players.
As a result, the global market size of Metaverse professionals is growing rapidly. Below are some countries that are working as metaverse professionals in 2022:
United States of America
Source
The U.S. originated the Metaverse idea, and several companies are working on V.R. and A.R. technologies. The American gaming company “Roblax” appeared on the New York Stock Exchange in March 2021 and introduced the Metaverse concept. Moreover, the CEO of one of the best companies, “Microsoft, ” told all tech giants to enter the Metaverse.
United Kingdom
Like other countries, European users are highly curious about the Metaverse concept. However, according to the latest research, they are most eager to work on AR and VR technologies on the entire continent.
India
Many big Indian firms are embracing the Metaverse concept. In addition, companies like MakeMyTrip, Mahindra and Mahindra, and Tanishq have ventured into the metaverse space and are trying to pave the road to the digital world. It is one of the best countries to work as a Metaverse Professional in 2022. Its companies use NFTs as marketing and metaverse-related tools to expand their business.
France
Many French companies recently gathered at the VivaTech event in Paris, mainly focussing on virtual reality. It is an integral part of the future of the Metaverse. Also, many companies like LVMH allow people to try their clothing through augmented reality. So, this new frenzy spread all over France too.
China
Like various other countries, Metaverse is a new buzzword in China and brings new business opportunities. Many technology companies in China are developing trademarking metaverse-related phrases and metaverse-type programs and investing in the AR/VR segment. If you want to work as a Metaverse professional, China is one of the best places.
Israel
Tech companies of Israel are playing a huge role in Metaverse through research by Remagine Ventures. It is a seed and pre-seed venture capital firm. The local landscape includes around 50 active companies in this sector.
Korea
The first country whose government is all in Metaverse is South Korea. The Korean government released the “Five-Year Plan for the Metaverse City” on 4th November 2021. It will invest around $3.3 million to create a Korean Metaverse platform, “Metaverse Seoul.”
Saudi Arabia
Saudi Arabia and UAE have become major players in the online virtual world. The new home for Metalincubator is Dubai. It is the first Metaverse Incubator that fosters the development of early-stage Metaverse applications. It is one of the great places to work as a Metaverse Professional.
Canada
Canadian tech companies are already working deeply deep in the metaverse market. They offer services and products to improve your lives. So, Canada is one of the best countries to work as a Metaverse Professionals.
Japan
The mixture of the virtual world and reality has already been happening in Japan for several years. Japanese games are already trying to make their players lead new lives with friends and relatives. So, one must give their shot by working in Japan as a Metaverse professional.
Wrapping Up
Metaverse professionals hold a great future, and the above-mentioned countries can provide you with various opportunities in this field.
by Anika D | Jul 18, 2022 | Emerging Technology
The internet is rapidly growing nowadays. With the significant rise in internet usage, attacks on organizations also increase. So, the new challenge that evolves is cybersecurity. Here is the list of different data security technology for smooth operations of an organization:
Firewalls
Source
In every system, Firewall gives the primary security. It prevents unauthorized sources from accessing customer and enterprise data. In addition, a firewall plays an intermediary role between public internet and enterprise networks. It uses pre-configured rules to check all packets entering or leaving the network and stop unauthorized traffic from connecting to network devices. Below are various firewall types:
- Circuit-Level Gateways
- Basic Packet Filter Firewalls
- State Inspection Firewalls
- Application-Level Gateways
- New Generation Firewalls
Backup and Recovery
The backup and recovery solutions allow organizations to protect themselves after data deletion or destruction. All major business assets should have periodical duplication to give redundancy. Then, you can retrieve your data quickly in case of accidental deletion, server failure, or malicious damage from cyberattacks.
Hardware-Based Security
Hardware-based security involves the protection of the device physically instead of solely depending on the software installed on the hardware. Therefore, companies need embedded silicon protections in every layer of devices to harden them against attacks.
Antivirus
Source
The most widely used security tool for personal and commercial usage is Antivirus software. There are several antivirus software vendors in the market. But, most of them use the same techniques to detect heuristics, namely signatures, and malicious codes. In addition, antivirus programs find and remove rootkits, trojans, and viruses that can modify, damage, or steal sensitive data.
Password Protection
The primary defense line in data safeguarding within the network is Password control. You must use unique passwords to protect sensitive data. But ensure that you are not using the same password for other applications or tools. Passwords should be unique and strong, combining numbers, letters, and special characters, as well as unique. Moreover, it would be best to change it regularly.
Data Deletion
An organization must delete the data properly and ensure that deleted data is unrecoverable. This process includes complete overwriting of the stored data. It also involves data destruction, making the data unreadable after deletion. Organizations must be able to properly dispose of the data, especially following regulations like GDPR. Here are other data deletion types:
- Write Over
- Physical Destruction
- Degassing
Auditing with Data Security Technology
While protecting sensitive data, you must audit changes in the systems and trials to access critical data. For instance, information security must get information automatically about the account with the maximum failed login attempts. It would be best to audit all changes in the administrator for proper investigation.
Being able to find differences in sensitive information or associated permissions is crucial. Also, this process can help you to identify unknown risks. Different third-party tools can simplify auditing of user activity and change management.
Bonus Tips
Data Security Technology ensure the security of each person’s equipment and workspace area before being left unattended. For example, check desk drawers, windows, and doors. Also, do not leave important papers on the desk. Furthermore, never duplicate or share access keys, lock codes, ID cards, etc.
by Anika D | Jul 13, 2022 | Data Science
Enterprise technologies are evolving daily for the better and making all sectors robust. One such tech is edge computing. If you’re wondering what is edge computing, dive in here to know all the details.
What is Edge Computing?
Source
In very simple words it deals with data computation, storage, and management at the source where data is produced. Hence, the name edge computing is very relevant. It works on the origin location, which improves data control, reduces expenditure, and makes analysis easy and quick. Its potential to deal with data at its source makes it very beneficial for enterprise technology. As a result, by 2025, 75% of enterprise data will be processed by edge computing.
Use of Edge Computing
So, what is edge computing, and what are its uses? As businesses will produce 463 exabytes of data daily by 2025, they need to regulate it. This process will extract meaningful data through distributed networks for meaningful insights and much more. This will save costs on unuseful data and speed up the overall process.
Some of the practical uses are:
Retail Business
It has amazing scope in the retail business as this business produces lots of data which is both useful and extra. With machine learning revolutionizing data center management, edge computing can work with it to deal with data on sales, stock, inventory, etc. It will optimize the data for studying behaviors, patterns, and new strategies for improving business models. All that will be done at the origin of the data, which is a great advantage.
Transportation
It can work in real-time to evaluate traffic, roads, expected time, speed, and distance to give insight into the drivers. It will be a super fast process where edge computing will deal with all data at the source and provide quick information. Therefore, it will save lots of time and help the organizations to achieve their main goals.
Workplace
Source
Certain surveillance cameras powered with edge computing will work in real-time to ensure workplace safety. This will look for harmful activity and collect the data in real-time. This will revolutionize workplace safety and create a very safe environment.
Health Care
it is especially a blessing for the healthcare industry. With the power of artificial intelligence and other tech, it can collect data for sectors, equipment, and other things to give insight into patients ‘ health. It will help the doctors to take immediate steps. In addition, it will make collecting data and studying a lot easier.
In Last words
Data is a new information form that controls many industries in their components. As a result, States are hiring data scientists to make their systems more efficient, time-saving, and updated. So, now you know what is edge computing you can utilize it in your business. It addresses the shortcomings of cloud computing and, instead of submitting raw data, treats it as the source for creating more valuable data. Everyone wants this, and they only want to deal with useful data. This will help enterprises and many sectors drastically.
