by Anika D | Feb 21, 2022 | Emerging Technology
When we think of quantum computing, we generally relate this to the universe. But there is much more behind this ultra-advance technology. In this blog, we’re going to learn what is quantum computing and its applications.
What is Quantum Computing?
Quantum computing is a discipline of computing that relates to building computer technology according to quantum theory. This theory explains the behavior of energy and material on both atomic and subatomic levels. In contrast, quantum computing uses qubits, also known as quantum bits.
Quantum computer was invested in 1998 by three professionals:
- Isaac Chuang – Los Alamos National Laboratory
- Neil Gershenfeld – Massachusetts Institute of Technology (MIT)
- Mark Kubinec – University of California at Berkeley
They created the first quantum computer (2-qubit). This computer could be loaded with data and results in a solution.
Applications or Uses of Quantum Computing
Quantum computing is well-suited for solving many complex problems. These are the problems that even supercomputers cannot solve. That’s when a quantum computer makes things easier.
The top applications of quantum computing are:
- Cybersecurity: Quantum computing can help develop various advanced technologies to combat prevalent cybersecurity threats. It helps form advanced encryption methods, also known as quantum cryptography.
- Drug Development: The trial and error method of developing drugs is expensive and risky. Quantum computing can make it easy to understand how particular drugs react to humans. So, it saves a lot of money and time for drugs manufacturers.
- Financial Modeling: Quantum technology can perform massive and complex calculations, making date computations faster and more efficient.
- Weather Forecasting and Climate Change: Weather forecasting includes complex variables such as air pressure, air density, and temperature. Quantum machine learning can improve pattern recognition, making it easier and faster for scientists to forecast extreme and devastating weather events. It will also make meteorologists generate detailed climate models. So, it will be very helpful in combating climate change.
In addition to these, quantum computing can be very helpful in the following (not limited to) areas:
- Better Batteries
- Cleaner Fertilization
- Traffic Optimization
- Artificial Intelligence
- Solar Capture
- Electronic Materials Discovery
Moreover, the field demands more intensive research to determine how it can solve complex and unsolved issues in these areas.
What is the Future of Quantum Computing?
The shortest answer is the future of quantum computing is very bright. It could solve a lot of complex challenges that quantum physicists face. Moreover, it is expected to change our basic understanding of reality and may become a reality very soon.
by Anika D | Feb 16, 2022 | Artificial Intelligence, Machine Learning
Various competitive pressures boost the AI companies in making suitable investments to have safe and reliable systems. Companies need to prevent and solve action problems to ensure the responsible development of technology and AI systems. There are various factors that improve the cooperation prospects in action problems.
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When it comes to innovation, research, and standardization, the AI landscape is synergetic. There are many reasons to sustain and enhance cooperation. Some of them are listed below:
AI Development is Resource-Intensive
Cooperation between government and AI researchers and implementing teams across the globe can maximize the scale advantage. The absence of international cooperation leads to duplicative and competitive investments in AI capacity. As a result, it creates unnecessary costs and leaves the government deprived of AI outcomes. Various inputs used in the AI development, like high-quality data access, large-scale computing knowledge benefit from scale.
- International cooperation based on democratic principles can help to focus on building trust and responsible AI development.
Though much progress is made on AI, there are differences between FCAI participants.
AI governance needs to interpret the AI principles to policy, standards, and regulatory frameworks. These need a deep understanding of AI in practice or working through the operation of principles in certain contexts. Also, in the face of unavoidable trade-offs.
- For regulation, divergent approaches create barriers to diffusion and innovation.
Government initiatives to inspire domestic AI development across digital sovereignty concepts can have cynical spillovers. For instance, restrictions on data access, discriminatory investment, data localization, and other requirements.
Similarly diverging risk categorization regimes and governing requirements can boost the costs for seeking businesses to serve the AI market globally. Varying AI regulations can necessitate variations of AI structures that can improve the work important to develop AI systems. It leads to high compliance costs that affect small firms.
Regulating AI Enables Organizations in AI Development
Companies produce business by creating expertise in AI systems, then licensing these to other companies. As AI gets global, a complex assembly of AI systems emerges in various sectors.
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The more open international market will enable a company to make benefit from digital supply chains. Moreover, boosting international competition by specialized firms will inspire more AI innovation and healthier markets.
- Enhanced trade cooperation is vital to prevent unjustified restrictions of flowing data and goods.
It substantially minimizes the prospective gains of AI Diffusion. The strategic importance of sovereignty and data has given a boost to legitimate industrial policy actions directed at mapping. But, protectionist actions can jeopardize international cooperation and impact consumer choice.
- Cooperation between like-minded countries is essential to assert the main principles of openness and democracy protection.
The risks linked with the corrupt use of AI systems by techno authorities expose citizens to potential human rights violations. It also intimidates them to split cyberspace into incompatible technology heaps and fragment the international AI development process.
Final Words
International cooperation is important for most governments. So, AI strategies show that governments respect the connection between AI development and collaboration around borders.
by Anika D | Feb 9, 2022 | Blockchain, Emerging Technology, General
Nowadays, Blockchain is a trending disruptive technology. It is due to the close connection of this technology with the cryptocurrency industry. This put a direct impact on the financial trends of organizations.
Blockchain disruption is one of the major shifts this year. People from all walks of life are getting involved either in buying cryptocurrency or supporting projects like Ethereum, NEO, Bitcoin, and others. Further, a record five social network giants are defending against the disruption of blockchain.
Scroll down to get a broader idea of how these networks are transforming their businesses with blockchain technology.
Twitter
Twitter is America’s third-largest social network. It is the platform where Elon Musk shamelessly pumps crypto coins. In 2021, there were 220 million tweets about NFTs, and in January 2022 alone, there were 60 million more tweets for the same. In November, crypto to-obsessed CEO Jack Dorsey left, but Twitter is still focusing on a decentralized future. It is focusing more on creative tools, tipping other tweeters with Bitcoin, and allowing them to display their NFT collections.
Platforms: Bitcoin, Ethereum
Tencent – Cloud Blockchain
More than a billion people use Tencent, which is one of the largest networks for gaming, messaging, and shopping. Now, the company is developing a unique platform known as Tencent Cloud Blockchain. Some provinces like Hainan, Guangdong, and Beijing, use this platform to issue e-invoices for healthcare and transportation. As of last year, Tencent processed more than 15 million transactions.
Platforms: ChainMaker, Hyperledger Fabric
Facebook – Metaverse
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Facebook decides to rebrand itself as Meta and jump into the theoretical Metaverse could be a boon for blockchain. After all, a comprehensive virtual world is a true environment for cryptocurrencies, NFTs, digital wallets, and more. Metaverse is a much-hyped cryptocurrency, and hope that Facebook’s big push into metaverse can bring more success for it.
Blockchain platforms: Diem
LINE Corporation
It is Japan’s largest messaging app and has more than 300 million users. The company has developed a proprietary blockchain, also called LINE, which is owned by Softbank Group and NAVER Corporation. The services include a cryptocurrency exchange, NFT market, and digital wallet. At the end of January 2022, the market cap of LINE was $655 million.
Blockchain platform: LINE Blockchain
Kakao Company – KraafterSpace
Kakao is South Korea’s dominant messaging app that has nearly 52 million users in the country. It also has a marketplace for trading NFTs, which is known as KraafterSpace. Here users can purchase token artwork directly through Kakao’s messaging app. Last year, Kakao launched a $515 million Klaytn growth fund to support developers willing to contribute to its blockchain system.
Platform: Klaytn
Final Words
Organizations and social networks believe in cryptocurrency and constructing their platforms. Also, women investing in cryptocurrency due to which networks like Twitter, LINE, and more are developing their blockchain platform and supporting the disruption.
by Anika D | Jan 31, 2022 | Business, Emerging Technology
Whether you’re starting your monumental project or a startup, the constant question is, do I need a website? So, the answer is yes. Over the years, consumer behavior has changed, and 81% of shoppers conduct online investigations before purchasing. If you still feel unconvinced, then keep reading to know the significance of a website in your startup. Let’s have a look.
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A website is More Credible
A well-put website shows your customer that you’re trustworthy. It becomes more vital for a startup as any customer will search you on Google after checking you on any other platforms.
Most customers drop the idea of engaging if the startup doesn’t have an official website. So, startups are involved in leading software development and engineering trends to create competitive and user-friendly websites.
Creates a Brand Name
A website creates a brand name with a unique logo, domain name, and virtual presence. It protects you against identity theft. Getting a notable name after an entire establishment is challenging and may involve many legal issues.
Boost you up in SEO Rankings
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Marketing and publicity are crucial for any startup, and you can up-level your search engine rankings with a website. A website that is SEO optimized is necessary for higher Google rankings and organic traffic.
It helps you reach your target and larger audience. Especially business storytelling through engaging UX design, quality content, font styles, descriptions will improve your sriracha engine rankings. This is the first towards creating a virtual space among so many competing websites.
Marketing
A 24*7 available websites are a sales platform for your startup. You can’t operate social media phone calls over time. But, a website is available around the clock. It has all the information a customer needs, with a safe payment gateway. So, designing a website with simple navigation and cyber resiliency is a great way to market your idea.
You can Have an Eye on Your Competition
A website is also vital for evaluating competitors. You can study the strategies of leading sites and what they offer. This makes your endeavor digitally updated and helps alter plans in any segment.
Cost-Effective Solution for Startup
This is the best solution for providing a platform for your startup. 63% of shopping begins online, so creating a website is like launching yourself digitally. The expense of creating pamphlets and hiring multiple teams is very extensive.
On the other hand, a simple, optimized, secure website is budget-friendly and does not require professional knowledge. Of Course, after reaching some goals, you can make it unbeatable with the help of professionals.
Let’s Wrap it
Now, you can answer the question, if I need a website? Ofcourse, it is vital for an official presence, trust, marketing, and staying up to date. But, apart from this, it’s easy to create and very affordable for a startup. So, make your endeavor digitally strong and stay updated with full proof, competitive and attractive websites.
by Anika D | Jan 26, 2022 | Cybersecurity, Emerging Technology, General, Industrial IoT, System Engineering
Software development is one of the highly paid career fields. The average salary of a software engineer is higher than the income of people for many other industries. So, the more experience a software engineer has, the higher their salary will be. But all software development careers are not the same.
There are several fields within software development with their own set of rules. The income range of software engineers varies across different domains. In addition, location also matters. For instance, software engineers in SanFrancisco, New York, or Seattle often earn more than people working in other areas of the United States.
The following are some most profitable software engineering roles:
Cybersecurity Engineers
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With the increase in digitalization, cybersecurity is becoming a highly-valued function. It is in demand by various tech companies and several other industries like financial services, banking, healthcare, etc. They prefer it to avoid different security threats. Because of their high demand, their average salary is also high.
Video Game Development
Many professionals are working in the high-paying video game development field. Usually, game developers manage the process of developing a custom video game. You will typically plan gaming concepts, generate storylines, and create custom visual graphics when you work in this field. Simultaneously, you will write a functional game code that involves coding the base engine.
If you want to opt for a career path, you need great critical thinking, storytelling, and time management skills. Simultaneously, you will need expertise in programming and multimedia development. Indeed, a video game development career is a high-paying opportunity.
Cloud Development
Cloud development is a new field of software engineering, but it is rapidly growing with many job opportunities. This is essentially involves designing, planning, and implementing the structural architecture with cloud delivery models.
If you want to follow career paths in cloud development, it is essential to be proficient in network management, database maintenance, and coding. Pursuing job opportunities in cloud development, you can get jobs with high-paying salaries.
No-Code or Low-Code Developer
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The no-code and low-code development tools opened up various opportunities for companies to quickly create software without hiring developers. These tools enable you to create a web or mobile app in hours rather than weeks. Therefore, more companies are embracing low-code or no-code apps.
No-code jobs are good career fields to start. You will find a variety of pay scales and required skills, yet your coding background undoubtedly proved to be an asset.
Database Administrator
Database administrators handle provisioning, scaling, security, and optimization of data storage systems. You do not need any knowledge about security best practices, SQL and NoSQL databases, and basic scripting skills. So, you will also worry about minute optimization issues like fixing caches and indexes.
If you are a beginner in software development, begin learning about databases. You will have to know about appropriate database applications and how to optimize them at scale. This profile is in high demand because of good salary packages.
Final Thoughts
Software engineering is a great field, but it is not suitable for everyone. However, even if you don’t work for it, the skills won’t get wasted. Instead, you can look for one of the career paths mentioned above and earn more.
by Anika D | Jan 17, 2022 | Emerging Technology, System Engineering
Overstaffing is a burden for a company, but shortages can be risky as it overwhelms the existing staff. So, staffing is a daunting task that needs to be balanced properly. Staff augmentation is one of the best ways to fill gaps in the workforce, keeping the company’s culture quality in mind.
It is a cost-effective model for staffing as you don’t have to spend money on office space or other overhead costs. In addition, it is an innovative approach to fill temporary positions with talent worldwide.
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What is Staff Augmentation?
Staff augmentation is one of the strategies of HR outsourcing. It allows companies to hire staff based on skills needed for any project to augment the team temporarily. It is a remote staffing model allowing organizations to make a team of skilled employees to perform a specific task and fill gaps in compliance with business objectives.
Ways to Use Staff Augmentation in the Company
The staff augmentation model is a highly effective staffing way if you implement it correctly.
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The following are some ways to augment your staff for the short-term with external resources:
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Select Projects with Limited Time Requirement
The model works well for one-time projects with no ongoing continuation plan. Usually, software development projects are viable options to avail the staff augmentation benefits. If you want to develop a mobile application or website to meet the business needs, go for staff augmentation instead of direct hiring.
There is a logic that technology and staff augmentation seem like a natural fit. Hiring a programmer on a project basis is a perfect decision compared to hiring a full-time developer for a one-time project. Mobile app or a website maintenance is a lengthy process, and you can do it in-house. Therefore, it is best to hire project managers and software developers using staff augmentation for IT business.
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Determine Talent Gaps within the Organization
You can look for insights related to talent gaps within the company by in-depth analysis of business processes. Perform a talent audit to identify the current talent deficits to evaluate existing project requirements or lay down new project plans.
After identifying gaps, determine whether there is any need for a resource on a long-term basis or limited to the specific project. For the latter one, staff augmentation is one of the best ways to bridge the gap.
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Identify Need for Unique Skill-Set
Once you determine a project role and particular skill-set you want to hire for, the process of looking for the right talent starts. The organization that you make your partner will look for the right talent by properly screening.
There is an advantage of hiring employees on a short-term basis. They have more experience handling projects similar to yours and showcase their own skill-set. The quality of work done by developers who worked on different projects is more than one who worked on the same project.
Wrapping Up
If you try staff augmentation, ensure that you have all those procedures in-house. First, create a detailed project plan. Then, follow it to set the tasks for your staff and manage the progress.
