by Anika D | Apr 30, 2021 | Artificial Intelligence, Emerging Technology, Information Technology
Modern technology is transforming the future of the logistics industry with innovation and revolution. It’s going through a speedy and unprecedented transformation.
In addition, logistic is the key to a successful business as it enables worldwide fleet movement and cross-continent deliveries. It helps the organization to serve the end product to customers.
Also, the present situation of COVID-19, its pushing inventions and innovations in logistics to a higher level. The revenue management, seamless communication, and fleet monitoring become more flexible and resourceful. Technology is also helping recover from COVID-19.
Role of Technology In The Logistics Industry
Here are few innovative trends that drive the logistic industry –
Cloud Computing
Virtualized pool of figuring resources, cloud computing assists with data storage, networking, and artificial intelligence over the internet, software, and analytics.
It becomes efficient when you implement cloud computing approach to logistics software that includes activities like fleet management and order management.
Fleet management is an excellent application for cloud computing. Every movement can be redirected through cloud-based logistics to avoid damage to the business.
Robotics
A new trend in the innovation world, robotics have become a dominating factor in logistics advancement. In addition, with the arrival of mechanical engineering and machine learning algorithms, modern robots are smart to use.
Moreover, robots are becoming popular in the logistic industry, as they enable efficient goods delivery, pickup, distribution, and more.
Drones
Over the last few years, drones have gained greater media attention. It’s tested by DHL that drone delivery will prove beneficial in areas with a lack of infrastructure. Also, rural areas are found to be more relevant for drone deliveries since cities provide various challenges.
Data-Driven Analytics
With the enhancement of warehouse productivity and optimal utilization of logistical resources, data analytics will help in providing actionable insights. Moreover, the data analysis enables the business in inventory levels and generation of the risk management reports.
Technologies are shaping the logistics industry today and contribute to higher data analytics in the logistics field. These is the role of technology in the logistics industry.
by Anika D | Apr 23, 2021 | Blockchain
Today everybody asks if Cryptocurrency is a good investment or not? Well, the answer is tricky. But yes, it could be a good investment depending upon the recent rice in Bitcoin or other cryptocurrencies.
Why do you need to invest in Cryptocurrency?
Crypto can make you filthy rich, but with this, you could also lose your money. It is like any other investment and features both benefits as well as risks. On one side, if it is associated with the risk of losing money, then on the other side, it offers big rewards as well.
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So yes, Cryptocurrency is a good investment if you wish to gain direct exposure to digital currency and the businesses they facilitate. The price of cryptocurrencies is volatile and changes every day. So, you need to be very careful while investing in Bitcoin or another form of crypto.
Is crypto a good long-term investment?
Just like other currencies, Cryptocurrency is anything that you buy or hold today and can generate cash flow in future. For example, currently, the bitcoin value is high, and in 2020 it held a 66 per cent share of the total crypto market. So, investment in crypto is safe depending upon which currency you choose and its market value.
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Unlike fiat currencies, including the U.S. dollar and Japanese yen, bitcoin has a supply of 21 million coins. Many investors view crypto as a scarce asset, while others feel they could eventually gain with extensive use of digital cash flow.
Final Words
Cryptocurrency is a digital cash flow that is legal in many countries, and people can use it to buy goods as well. According to the latest trend, it is gaining popularity, and investors love to invest in it. But, like any other currency, crypto also comes with risks, so invest in it carefully.
by Anika D | Apr 9, 2021 | Artificial Intelligence, Industrial IoT
Our lives stood still when Covid-19 hit us. We all moved to remote working. In these times, technology has been our saviour. It has helped us in educating people and creating awareness towards the pandemic.
Also, it has helped us to connect with our near and dear ones even during the lockdown. It was because of technology that contact tracing and contactless movements all over the world were made possible.
Technology Uses for COVID-19 Recovery
Contactless Thermal Screening
One of the most common symptoms of covid-19 is fever. It would have been nearly impossible to check everyone’s temperature using a thermometer. With the technique of Artificial Intelligence, digital thermometers have been brought into play. They have been extremely useful at airports, malls, restaurants and all public places.
Contact Tracing
One of the most interesting uses of technology has been brought into play by South Korea. They have been very successful in contact tracing via the use of cameras, bank records, GPS from mobile and vehicle to check the real-time data of a person’s whereabouts.
China has also developed a QR code system. In this, the person fills up a small form, gives information like their temperature and lets the authorities keep a check on their movement. This was very useful in cases of home quarantine.
CT Scan
Wondered how to know how much covid-19 has spread in one’s body? Well, with the help of another advanced technology in the field of medical science. CT scan provides internal images of the body, and within seconds, the doctors can figure out its spread towards the lungs.
Work from Home
The work from home that we’re all relying on right now is only due to the advancement of technology. Due to the network connectivity and cloud platforms, we can now easily save, upload and send data with full protection. The 5G technology may also empowering this new work culture in the future.
Contactless Movement
We’ve all heard about drones, robots etc. However, in China, they were used to fight coronavirus. Spraying disinfectant using drones and providing basic essentials using robots provided contactless movement in the country. Apart from this, drones were also used to carry testing kits, medicines and checking over the quarantine locations.
Fighting Misinformation
During this time of the pandemic, it needs to be made sure that no misinformation is spread. With the help of technology such as adding voice messages, giving information regarding the safe use of vaccines needs to be given to people. Google, Facebook, YouTube has also worked towards guiding people regarding the same.
Transparency in Data Sharing
During these times, it is imperative that everyone is aware of the number of cases and correct facts regarding the coronavirus. Applications like Tik-Tok, which gained fame during the pandemic, patterned with WHO to do the same. It has also donated nearly $10 Million to fight with the same.
Conclusion
With the world constantly moving towards digitalization, there has been an advancement in the use of technology. It is because of this technology we were able to limit the spread of covid-19. With the help of Artificial Intelligence, low cost ventilators have been developed. It is at times like these we realise the true use of technology. Salute to all those working day and night tirelessly for making our life easier. These are top technology uses for COVID-19 recovery.
by Anika D | Apr 1, 2021 | Emerging Technology
Nowadays, you can observe a constant emergence in technology. Artificial intelligence is growing at a fast pace, and it has the potential to completely transform your businesses.
AI is continually influencing all facets of your daily lives as well. Therefore, various tech firms are building cybersecurity defense resolutions for the same.
These are specially made by ethical hackers and penetration testers with the mind to save people. Hence it becomes important to choose the right wireless technology for your organization.
In this guide, you will learn everything you need to know about reinforcement learning.
What is Reinforcement Learning?
It is the procedure of machine learning about different models to build a progression of decisions and is the next big thing for AI. This then helps the programmer to discover how to attain a goal that depends on complexity as well as the uncertainty of the environment.
Here, your computer system will use a trial-and-error method for a solution to a problem. You can either reward or give penalties to the AI for every action that it performs for you. In this way, it helps artificial intelligence to make the best use of the total reward.
Some key terms that you must know for reinforcement learning:
- Agent: Who acts to obtain the reward.
- Environment: It is the situation which agents face during the performance.
- State: It is an existing situation that comes back from the environment.
- Reward: This is an immediate return that an agent receives when they perform any action.
- Value: It is a predictable long-run return with a discount in comparison to the short-term reward.
- Policy: This is a strategy that agents use for their decision to perform the following action
- Q value: The Q values assist agents in taking additional constraints as current actions.
Different Types of Reinforcement Learning
Basically, there are two types of it that are positive reinforcement and negative reinforcement.
Positive Reinforcement
It takes place when there is an increase in the event’s strength and frequency due to a particular behavior. It means that there is a positive effect on the behavior.
Benefits of Positive Reinforcement
- It facilitates sustaining change for a long period.
- It helps to make the most of performance.
The Drawback of Positive Reinforcement
- When the reinforcement is too much, it will lead to an excess of states and reduce the result.
Negative Reinforcement
This is a process where the system avoids unfavorable conditions, and then the specific behavior becomes strong.
Benefits of Negative Reinforcement
- Decline the least amount of performance standard
- It helps to boost the behavior
The Drawback of Negative Reinforcement
- It only allows the agent to assemble the minimum behavior of their actions
Algorithms of Reinforcement Learning
There are three ways that programmers can employ to execute a reinforcement learning algorithm that is value-based, policy-based, and model-based.
Final Words
We can say that reinforcement learning is a crucial AI paradigm that helps programmers execute both simple and complex tasks.
by Anika D | Mar 28, 2021 | Blockchain, Business
BlockChain is open, dispersed ledger accounts that keep the record for all transactions between two parties efficiently. It contains a sequence of data for every transaction of each individual. Blockchain Use Cases in banks and finance are very popular these days.
The best part is that all the customers can easily share a digital ledger, and there is no need to look further for any centralized authority. This makes transaction processing with blockchain faster.
It is not only restricted to speed, but you can also make money with blockchain.
If you want to know how blockChain use cases in banks, you are in the right place. Let’s learn how it offers a new level of transparency as well as security to its banking customers.
Quick Payments
With the adoption of decentralizing channels for payments, banking institutions can facilitate quick payments. Further, it facilitates more security to every individual as well. Moreover, 90% of the European Payments Council members consider that blockchain will change the payment industry by 2025.
Better Clearance and Settlement Systems
It may also enable bank transactions to get completed directly and maintain track in a much better way. With this, there is no need for financial bodies to rely on a network of regulatory bodies and custodial services. Hence, it becomes easy to settle transactions.
Raise Funds
All organizations that deal in blockchain focus to speed up the process of payments by raising funds with different alternatives. It includes firms like Equity Token Offerings (ETO), Initial Exchange Offerings (IEOs), and Security Token Offerings (STOs).
Loan and Credits
In traditional financial institutes, they underwrite loans only after verification of credit reports. But with a new approach of blockchain, customers can have peer-to-peer loans that are safe and fast as compared to the traditional ones.
Trade Finance
Another area where blockchain can revolutionize the concept of their working is the trade finance sector. Trade finance includes all the financial activities for international trade and commerce.
So, the concept of blockchain in this sector helps to streamline the trading process with digital documents, which you can access from anywhere and anytime.
Digital Identity Verification in Banks
Here, you can get the benefit of a fast verification process. This is because it will safely reuse identity verification for other services as well.
One of the most well-known innovations in this area is “Zero-Knowledge Proof”. Now various countries and big corporations are working on a solution that supports ZKP. Choosing the right industrial wireless technology is also important to leverage this and other benefits.
Accounting and Auditing With BlockChain
When it comes to digitalization, the accounting sector is still neglected. One of the reasons can be the need to follow the strict regulatory requirements for data reliability as well as validity.
That is why blockchain can potentially transform the accounting process. As a result, the reports and accounts will be more transparent and safe.
Final Words
When banks use this approach in their banking system, it enables them to process payments in a quick and accurate manner. All in all, we can say that blockchain allows the banking sector to provide better customer experience.
by Anika D | Mar 20, 2021 | Emerging Technology, Industrial IoT
BMW is revealing the next version of iDrive, the tech and infotainment interface that has been at the heart of the automaker’s in-car experience for the past two decades.
The eighth edition of iDrive will be based on a new “curved” display that stretches halfway across the dashboard from behind the steering wheel. The 12.3-inch instrument cluster and the central 14.9-inch infotainment panel will be combined into a single display that is oriented toward the driver.
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The new iDrive will debut in BMW’s new iX electric SUV and the BMW i4 electric sedan later this year.
BMW New Curved iDrive Display Features
Better Precision with the Control Knob
BMW’s iDrive system combines a big screen with a control knob. The knob and other function keys are positioned near the shifter in the know. Each of the individual keys controls a different widely used feature, such as navigation or media.
Built-In Navigation
A navigation component is included with the iDrive system. On the right side of the dial is a hotkey called “Map” for navigation.
Skilled Drivers Would Appreciate These Features
Check out the iDrive Professional if you want an updated version of the iDrive. It improves the device with many new features, including a larger navigation screen. The navigation system receives an update as well, with new functionality such as real-time traffic alerts.
Project with Simplicity
The iDrive system’s design simplicity is perhaps its most influential attribute. Because of its simpler controls and information structure, it is one of the most intuitive infotainment systems. The majority of the time, using iDrive means scrolling through well-organized lists of feature controls.
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Using ultra-wideband (UWB) technology
iDrive loads a driver’s personal settings as soon as they start approaching the vehicle by sensing their key fob or smartphone using ultra-wideband (UWB) technology. iDrive supports both Apple CarPlay and Android Auto wirelessly.
Moreover, there are three driving modes: sport, personal, and efficient. These control driving functions like engine throttle, steering characteristics, regenerative braking, and chassis settings, as well as internal and external sounds. In addition, new modes may be added via over-the-air software updates in the future.
BMW’S decision for vehicle owners
BMW has backtracked on its controversial decision to charge an annual fee for the use of Apple’s CarPlay in its vehicles
According to BMW, the car’s brain would be a major change over previous ones. The onboard computer would be able to process 20 to 30 times the amount of data that previous models could, or about twice the amount of data that could be processed previously.
Conclusion
BMW New Curved iDrive Display is well ahead of the competition. With all of your BMW’s features in one device, it’s simple to take advantage of the car’s full range of capabilities with technologies, like IoT, 5G, etc.
