by Anika D | Jan 3, 2022 | Artificial Intelligence, Machine Learning
The capabilities of machine learning increasingly influence the world. Machine learning is expanding the boundaries of what was once thought to be possible. It has permeated our daily lives through the apps we use to automate our daily schedule.
Machine Learning is a big part of pulling information from datasets. Thanks to the volume of data the algorithm is exposed to, they’re used in predicting patterns. This algorithm identifies emerging trends and translates data into consumers’ behavior information.
Let’s look at five real-world examples of machine learning in 2021.
Product Recommendations
This is the easily identifiable element of machine learning. If you’ve used Netflix, then you’re aware of the ‘Since you’ve watched ***’ feature. The Netflix algorithm makes recommendations about the shows you might like. This is also the case with Amazon. It shows you ‘customers who bought this item also bought.
This is possible due to the efforts of machine learning. You can also learn about machine learning through various courses.
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Speech Recognition
Voice-activated virtual assistants like Alexa, Siri, and Google Assistant have fine-tuned speech recognition. Machine learning can also facilitate speech-to-text functions. This has real-world applications in voice search, increasing the accessibility options for disabled people.
Another facet of machine learning is Neural Machine Learning, which can seamlessly translate from one language to another. Moreover, the ability of a computer program to understand spoken and written language is known as Natural Language Processing. It facilitates language-related tasks.
Medical Diagnostication
Thanks to machine learning, some chatbots can identify symptoms. You have algorithms to build models predicting 3D molecule drugs that discover life-saving medicine. Also, identifying patterns can help formulate diagnoses or create treatment plans for patients. It has a strong link with oncology and predicting if cells are cancerous or calculating the potential to be cancerous.
Self Driving Cars
Many can now experience the benefits of autonomous driving thanks to machine learning. Combining machine learning, sensors, and dynamic software has brought this experience to life and the market. This is thanks to the predictive analytical capability of machine learning.
In addition, as a promising field to lean into, it has the potential to change every industry from identifying fraudulent transactions to creating self-learning robotic process automation.
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Automated Arbitrage
Machine learning finds a new niche in finance. Arbitrage is buying or selling assets to generate profits from the price difference. The automation element comes into play when machine learning is used to analyze the data generated by trade. This helps in creating a trading algorithm.
Moreover, this trading algorithm can identify the patterns created in the market to identify profitable trades. You can use this algorithm to make real-time trading decisions leveraging these advantageous arbitrage opportunities.
Machine learning is changing the face of industries in many subtle but impactful ways. We’re only beginning to scratch the surface of what is possible with the use of machine learning. It has the potential to transform everything from healthcare to the economy. In addition, machine learning is going to have a hand in shaping the possible technology of the future.
by Anika D | Dec 29, 2021 | Blockchain, Business
An increasing number of women are claiming the space around blockchain technology, NFTs and cryptocurrency. This promises to be an exciting prospect as technology and finance are male-dominated fields.
As Bitcoin has reached record highs in recent years, one cannot help but note that the younger generations seem more invested. This also presents a chance for women to stop being underrepresented in digital spaces.
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This does not have to stand when you consider financial avenues provided by Bitcoin as an investment. Using blockchain technology and cryptocurrency can address issues ranging from digital education for girls in under-developed countries to wealth gap inequalities.
What are Blockchain Technology, NFTs, and Cryptocurrency?
Blockchain is a public digital ledger that records financial transactions in ‘blocks.’ Each block is a time-stamped encrypted file with data on the previous trade. With every additional transaction, they form a chain of blocks. The best use for blockchain technology is as an anti-corruption tool.
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Cryptocurrencies are the main components of digital payments systems. It enables peers to make and receive payments. The decentralization element is that banks don’t keep records of these transactions. It gets recorded in a public ledger.
Non-Fungible Tokens (NFTs) are unique non-interchangeable data stored in a block. It is proof that you have ownership of a digital or physical asset. Users can copyright the investment, buy or sell them.
This technology is revolutionizing the way you can keep assets and presents a unique opportunity for vulnerable populations to invest or sell their art. Thanks to decentralization, it provides a fairer, inclusive, and more resilient path to financial security for women.
Creating Space For Women In The Cryptocurrency World
More than two-thirds of U.S. cryptocurrency investors are men. About 60% are white, and according to a recent survey by CNBC and Acorn, the gender gap is wider than in other financial investments such as stocks, bonds, and mutual funds.
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Cryptocurrencies and NFTs provide a once-in-a-lifetime opportunity to bridge the gender gap in a newly expanding horizon. In addition, with Cryptocurrency going mainstream, it’s crucial to have the input of women and diverse actors to create a better future for crypto and NFTs.
When you consider the long-term implications of blockchain technology, you need to glean if cryptocurrency is a good investment for your portfolio. If not, an investment in NFTs might be on the cards.
If so, then women may lead the cryptocurrency community. A recent study found that female investors tend to be more analytical and carry thorough risk assessments with their investments. This is only beneficial in the volatile markets provided by cryptocurrency.
Blockchain technology and cryptocurrency thrive in communities, which benefit from women’s skillset in helping them grow and develop. Moreover, it creates a forum for women to take the initiative and lead the way. This will address the skewed balance of the blockchain ecosystem. In addition, the impact of the blockchain will ripple out to other industries, which will benefit from having women at the helm.
by Anika D | Dec 21, 2021 | Business, Emerging Technology
The Robotic Automation Process is a technology that indulges intangible software Bots in making the tasks easy for humanity. Businesses are turning to all new Robotic Automation for saving time and increasing efficiency.
The all-new technology is a lifesaver, and many companies are investing in the platform. As a result, you may have some queries about this new technology. Fortunately, you have come to the right place as you will learn all about this future trending technology.
What is Robotic Process Automation
The Robotic Automation Process has software programs, generally called Bots which mimics human behavior partially or entirely. It can perform data entries, repetitive tasks, calculations, log into the application and interact with other software.
The technology becomes more potent when combined with Artificial intelligence and Machine learning. The RPA is process-related, and AI is data-related. Artificial Intelligence is everywhere and it backs up RPA to make it more complex and advanced.
Robotic Process Automation and its Benefits in Business
The technology is a blessing to the business as it simply cuts the monotonous work. The skilled professionals can divert their efforts to the company’s primary goals. It’s a blessing in disguise, and as technology advances, it will become more flawless. So let’s look at how the RPA is benefitting the business.
Cost Saving
The RPA is a very cost-effective technology, which is reasonable and handy. Also, it indirectly reduces all the repetitive tasks and exponentially increases the business’s revenue.
Higher Customer Satisfaction
Companies with the best customer service are most successful and reliable. That virtue makes them unstoppable. So, One of the most significant advantages of Bots is they can talk to customers 24* 7 by chat boxes.
They are designed and programmed to reply at once and quickly solve fundamental problems. The RPA can transfer more complex problems to skilled human professionals. But, many of the issues are ruled out by the software bots.
Higher Accuracy
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The RPA and software bots are designed to perform on physical and virtual machines. The accuracy is unmatchable. It can work non-stop without causing any errors. The RPA can flawlessly do data entry, calculations, file exports, and imports.
Enables Employees to be More Productive
This technology lets the business forget the formalities of minor tasks and allows them to focus on primary goals. For example, there is always a thought in employees’ minds about all the tasks and deadlines. Moreover, you can skip all these as RPA can perform all the minor tasks. Also, the RPA helps deal with labor shortages because of the pandemic as it can work independently.
Fewer Technicalities
There is significantly less coding in RPA, which lets non-professional staff operate it. In addition, there are simple drag and click options. Essential learning of computers and programming is sufficient. You can use the technology effortlessly. The software development trends of 2021 have made it possible to make such technology so effortless.
Bottom Line
The latest and trending Robotic Process Automation is a game-changer for any company. Its advancement will significantly lead to accuracy, less human burden, and fast work. It will only benefit the industries.
by Anika D | Dec 14, 2021 | Emerging Technology, General
Back in time, Star Wars (the movie) marked a new technology called Hologram. The Princess Leia scene was praised by a worldwide audience for its practical filming. Thanks to IWC CEO, recently Holograms came into the limelight again in the tech world. They are similar to 3-dimensional images that are visible through bare eyes.
Holograms are created by impeding light beams that can reflect actual objects. They are pretty impressive in displaying attractive products and technical notions. Recently, tech experts considered Holograms to be more efficient than video calling. While the technology is splendid, can it be a replacement for video calling?
Let’s find out.
The Story of IWC CEO
Nowadays, most technological innovation has some relation to the coronavirus, and Holograms are no exception. The sudden approach of the deadly pandemic caused travel restrictions. Thus, the IWC Ceo, Christoph Grainger-Herr, could not attend a global trade show in Shanghai, China. This was during the start of the pandemic, i.e. back in April. That’s when he came up with the idea of appearing through Hologram.
He attended the event as a 3D Hologram in 4K resolution. Through this technology, he could speak, listen, and see everyone in the event clearly. As per David Nussbaum, the boss of Portl (a US Hologram firm), he was connected to Shanghai from his office at Schaffhausen, Switzerland. Nussbaum said that Christoph Grainger-Herr had a chat with the executives. He also revealed a new watch during the event. Once everything was done, they disconnected him.
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What are the Characteristics of Hologram Technology?
With a consistent pandemic of over two years, technologies like Hologram are, indeed, a useful addition. They are realistic, sensory, and immersive replacements to video calls. They may soon be the technology that can help recover Covid19. The Hologram firm Portl describes their portal to be about 2.5 m tall. It has computerised boxes with glass-fronted surfaces. The booths can fit a life-size Hologram of an individual.
For better interaction, it has in-built speakers, cameras, microphones, etc. All these inclusions help to see, hear, and speak with the people. An individual will require a camera, speakers, microphones, and backdrop to connect. Portl has an app-controlled software system that uses the internet to connect an individual to a location with portals. You can connect to multiple people at once. The technology of Portl is used by famous names like T-Mobile and Netflix. Their cost starts from $60,000. However, they claim a lesser amount for renting portals.
As per David Nussbaum, Holograms are soon going to be a standard mode of communication between offices. By 2027, the Holographic display global market is said to reach $5.6 billion.
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Can Hologram Replace Video Calling?
So, could Hologram replace video calling? Well, that’s what the expert says! Gordon Wetzstein (a Stanford associate professor of electrical engineering and computer science) says Holograms are much more efficient than video calling. He considers them as a realistic innovation where one can make eye contact and interact precisely. Thus, these innovations, along with other 5G emerging technologies, can change our future.
Moving on, Portl boss David Nussbaum expects Hologram to be a replacement for standard video screens in video conferencing. He predicts this to happen in the upcoming five years. As per Nussbaum, Hologram will be an integral part of malls, lobbies, and businesses. However, let’s see what the future holds!
by Anika D | Dec 8, 2021 | Emerging Technology, System Engineering
Businesses can understand and highlight where their efforts should be directed. It’s possible by combining emerging advanced technologies and adopting innovative development approaches related to customer service objectives.
Every year, new trends in software development emerge, and standing still is no longer a choice for any company, large or small. And here, we’ll explore all about these trends.
So, let’s get started:
#1 Low-to-No Code Platforms
No-code platforms are already on the rise, and these may surge in popularity in the coming year. Things are shifting away from assembly languages and compiled software to modern low-to-no code computing solutions. Adding to this, these revolutionary platforms can enable businesses to move forward in their journey of digital transformation.
#2 Remote Operations with Distributed Cloud
Upcoming application development trends have a huge influence on distributed cloud technologies. The main purpose is to enhance the user experience drastically. By 2020, 83% of organizations’ workloads existed on the cloud.
Moreover, startups should think beyond a single cloud server and embrace distributed cloud technology. As a result, it enables operations on a variety of cloud providers in different locations. As a result, apps remain operational, regardless of the servers’ conditions. It also prevents cloud redundancy and potential data losses.
#3 Coding-as-a-Service (CaaS)
CaaS remained a popular software development trend in 2021. The model is designed to speed up the process of leveraging cloud computing, platform-as-a-service, and infrastructure-as-a-service. In this model, data is saved on a virtually-managed and fully-secured cloud. You can access it from anywhere at any time.
The program is very helpful in the increasing need for universal development. in addition, it provides built-in machine learning, artificial intelligence, the Internet of Things (IoT), and blockchain. As a result, developers can easily access these impressive technologies. For instance, it becomes easier to protect data on the cloud using cybersecurity and artificial intelligence. It provides a super-advanced security shield to your data.
#4 Internet of Behavior (IoB) For Personalization
With IoB, you can expect software trends to push toward personalization. IoB is a subset of the Internet of Things (IoT). It tracks and evaluates people’s behavior as they engage with apps and devices and collect data from gadgets.
According to Gartner, a leading technology research and consulting company, 40% of the world’s population will be able to track their behaviors by 2023. This will help improve and deliver a personalized customer experience. In addition, for example, small businesses and startups can leverage IoB to know how YouTube shows personalized video feeds based on users’ reactions.
#5 E-Commerce Cloud Integration
For e-commerce, cloud integration will become more important. Failure to interact with other services has caused several cloud-based e-commerce systems to see business owners shift to more suited storefronts.
Customers, these days, expect the eCommerce stores to provide as many options as possible. This is when optimizing their cloud platforms can help online store owners.
#6 Balanced Development Automation
The next trend on the list is the shift from software development automation to balance development automation. The latter includes business teams, like compliance, risk, and legal. Finally, software development has gone beyond automated tech pipelines to value streams. Moreover, in these streams, cross-functional refer to focusing on other parts beyond IT within an organization.
Wrapping Up
It is critical to becoming a leader in current emerging software technologies. Only then can you acquire an advantage over competitors and suit the needs of your clientele.
by Anika D | Jun 25, 2021 | Blockchain, Emerging Technology
Blockchain technology is known as one of the most emerging technologies of today’s time. It has invaded the financial sector with Bitcoin. While it’s still being researched, one cannot rule out its possible benefits. People still need to comprehend its positive and negative side.
Talking about its positive side, technology has been quite favored for its support and transparency in government. It is considered a hot topic in many countries for being an anti-corruption tool. Let’s comprehend the implications and how it can do so
Testing of Integrity Solutions
Blockchain technology is efficient for data privacy. It helps to record assets, transfer values, and track transactions. It then ensures data integrity, traceability, and transparency.
The technology is perfect for encrypting information and shared databases. It can complicate the corruption process by certifying records and transactions without utilizing a central database.
Blockchain technology is also suitable for making tamper-proof company registries. It assists them in knowing the beneficial owners and retaining money laundering. It will help you to understand the customers, financial regulators, law enforcement, and tax administrations.
People have included Blockchain technology in numerous experiments for transaction tracking. It helps in monitoring government transactions with high risks like cash transfers, aid flows, and public contracts. Overall, it’s likely to diminish fraud cases and fund leakages.
With the digitalization of public contracting, Blockchain technology can render extra security by saving critical information in the procurement chain. It then helps in easy monitoring, tracking, and auditing of the data.
Things to Consider Again of Blockchain
Georgia includes Blockchain technology into the land registry system. It then helps in adding more security. Besides, a lot of factors have to be met for Blockchain working.
For example, the data should be accurate, digital identity should be reliable, and the registries must have a digital touch. All this can be tough for developing countries.
Talking about reliability, the records stored within it are related to the origination. A gatekeeper might be required to acknowledge the accuracy of information provided in a Blockchain.
Trustworthy and Reliable
It’s pretty clear that Blockchain technology holds power to retain corruption in the government. Be it solving critical challenges or strengthening integrity, and technology has shown impressive outcomes for all.
The records and transactions can be safely initiated without any high corruption risks. It can simplify complex and enormous transactions concerning the government.
While the outcomes are promising, it still needs to be researched thoroughly before being used. The technology is still being discovered, and so are the governance models.
It will require a lot of time to reach the levels of government-oriented applications. A lot of entities should be known to move forward with the same.
While Blockchain technology is helpful, it cannot replace the more potent establishments. So, Will Blockchain technology work as an anti-corruption tool?
Well, maybe. However, to handle something as critical as corruption, a lot of experimentation is required. In the coming years, one might see the involvement of blockchain in distinct analytical fields.
