Diversifying data with artificial intelligence and blockchain technology
Blockchain networks that can host diverse data sets. Hanson Robotics is planning to use SingularityNET to improve the intelligence of their data from cost centers to access these algorithms. For example , humans might not benefit the overall good of society. How Blockchain Fits into a growing number of next-generation analytical platforms. The ability to access and integrate traditional and blockchain data for our - technology to move data in addition to deal with big data and Hadoop. We help explain their wares.
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Diversifying data with artificial intelligence and blockchain technology
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- Blockchain ETF List
- Will 2021 see artificial intelligence advance in the crypto industry?
- Positioning and Navigation in Challenging Environments
- Top 5 Latest Technology Trends in Information Technology Dominating 2018: AI, IoT, the Blockchain
- Big Data and Artificial Intelligence – A Match Made in Heaven
- Blockchain and AI: A Perfect Match?
Blockchain ETF List
Indian tech majors such as Infosys, Wipro, TCS and Tech Mahindra are diversifying their offerings and showcasing ideas in blockchain and artificial intelligence AI to businesses using innovation hubs and research and development centres to create differentiated offerings…. Technological progress, through its various versions, is deeply embedded in the way people live their lives and businesses conduct their operations. There is a dichotomy of sorts here but the only point it highlights is the headroom for growth.
Irrespective of the data point, it is clear that the Indian tech story is only poised for further growth. The optimism is well-placed.
But the flip side of this is what happens after the basic tech requirements are met and the famous low-hanging fruits are devoured. As businesses were pushed towards digital readiness in the last year, tech majors too realised that the only way to grow the game from here is to keep pushing the anvil and make some bold moves.
Arguably, it is the Indian government that took the lead in this. The key to achieving this will be a connectivity strategy and a roadmap that is aligned towards various personas including the underprivileged and rural India, hence considerations would go far beyond the technological aspects. BharatNet is designed as a step in that direction.
Boosted by moves such as Make in India, Digital India, PLI product-link incentives schemes that included IT and Telecom both, the government is playing its part in making India an apt alternative to China that went through a major tech crackdown in the year, thereby opening up an opportunity. In China, nothing is a fundamental right. So, it helps. Every government-owned company is collecting data and using data for creating AI data sets.
This being said, at present, the bill is still attracting debates and discussions. There are also actions such as the Ecommerce Rules of and its expected tightening that may well be an argument in the opposite direction but observers also comment that some clauses of the rule might boost the Indian businesses. Credit Suisse also reported that of the unicorns, the sectoral split is highly diversified but the large representation is of ecommerce, financial technology, education technology, food delivery, and mobility companies.
Vindication for this side of the argument came in the Paytm IPO, when the stock saw one of the worst opening days for a major tech listing since the dot-com crash, casting aspersions on a record-breaking run for Indian equities perse. The stock did recoup some of its initial losses but has remained below its issue price. The Indian tech leaders however have other concerns keeping them busy.
Most common and notable among these is identifying the areas of growth that have a sure-shot chance of making the sector rise higher and perform better in the time to come.
Some usual suspects continue to make this list, as the growth potential from these has only just begun. Today, we are at the cusp of the next stage of digital transformation — the Intelligent Industry.
It is the age of intelligent value chains with new ecosystems, offering a vast range of new potential products and services for businesses. Indian public technology companies revenues increased 4.
In the journey from AI experimentation to wide-scale deployment and industry transformation, IBM has made Watson portable across any cloud, empowering businesses to prevent vendor lock-in and start deploying AI wherever their data resides in a secure manner. He cites the example of banking and financial services as a sector that is heavily investing in AI for automating processes. Telcos that are witnessing heavy customer care volumes are looking at AI to triage and auto-respond to voice calls.
Industries where customer influx is high include digitalization and touchless interaction with their customers, pushing them to look at ways to reduce manual intervention to a minimum to enable employees to focus on higher-value work.
In a growing economy like India with a great digital divide, the deployment of 5G will disrupt the day-to-day lives of people, transform sectors and promote greater inclusivity. Early stages of 5G adoption in India will see sectors such as manufacturing, energy and utilities, smart cities, public safety, and transport transforming varied aspects of their businesses to unleash the true potential of this technology. The BPM sector in India currently employs around 1.
Indian companies are focusing to invest internationally to expand global footprint and enhance their global delivery centres. In line with this, in February , Tata Consultancy Services announced to recruit 1, technology employees across the UK over the next year.
With the potential to bring times improvement in network traffic and efficiency, it is a true gigabit technology. With promises of zippier connectivity and zero lag performance, the potential of a fully realised, commercial 5G is immense and disruptive. Moreover, early adopters of this technology can experience the first-mover advantage and can deliver a next-gen experience to users. While it would be hard to say that there are sectors that have not been impacted by the advent of technology-led transformation, it is true that in some sectors, the trend lines are more conservative and they take longer periods to show change.
This includes sectors such as energy and sustainability in India. Consequently, these also become the sunshine sectors that will continue to keep the demand for tech intensity on the rise in days to come as these sectors catch up to technological growth.
This will not be too different from what was seen in the internet or digital adoption in India, where the country directly jumped into the broadband and mobile data, many markets not even witnessing the dialup phase, for example. Some of the other sectors poised for change will include large sectors like agriculture, infrastructure and newer sectors such as space.
The action in these are expected to continue in the near future. In addition, the central government plans to focus on areas such as cybersecurity, hyper-scale computing, AI and blockchain. Just before that, in July, the Ministry of Heavy Industries and Public Enterprises launched six technology innovation platforms to develop technologies for globally competitive manufacturing in India.
The next challenge for India is around how data sets can be used, and also towards skilling and creating the right talent. Similar steps have been taken across the nation. Photo Credit : Indiapicturebudget.
Will 2021 see artificial intelligence advance in the crypto industry?
Blockchain is perhaps best-known as the technology that underpins cryptocurrencies like Bitcoin, Ether and competing altcoins. Blockchain solved a problem as old as bartering itself: how to efficiently exchange assets. Letters of credit, paper money and minted coins have been around for centuries, but are cumbersome to trade and track. Innovations like credit cards and the internet improved speed and efficiency, but many transactions still go through intermediaries like credit card companies or banks. The system has its drawbacks: merchants are beholden to financial institutions that charge substantial fees, there can be significant lags when transferring funds, and large centralized financial networks are prime targets for fraud and cyberattacks.
Positioning and Navigation in Challenging Environments
Artificial intelligence AI and blockchain are the most transformative and disruptive technologies of our times. As transversal technologies, they can potentially disrupt a wide range of sectors. Algorithms are becoming increasingly open-sourced and deployed by users across industries, which increases their disruptive potential. Blockchain technologies provide a remarkably transparent and decentralized way to record transactions, facilitating anything from the sharing economy to supply chain management and smart contracts. Therefore, all major economies are racing to take the lead in developing and deploying AI and blockchain technologies. Blockchain is forecast to have a wide-reaching impact on global GDP by Blockchain has been primarily associated with financial services and cryptocurrencies since its inception in ; however, it is now expanding into other fields.
Top 5 Latest Technology Trends in Information Technology Dominating 2018: AI, IoT, the Blockchain
In December , many were suggesting that wearables were dead. Apple Watch sales had declined for two consecutive quarters and Pebble had just been acquired in a fire sale. What a difference a year makes. And, the market is quickly diversifying as hearables once again led by Apple and clinical wearables gain importance.
Big Data and Artificial Intelligence – A Match Made in Heaven
Insights into Editorial: The importance of blockchain for India. Blockchain is a public ledger, an ordered and time-stamped record of transactions. This system is used to protect against double spending and modification of previous transaction records where transactions are recorded and confirmed anonymously. More importantly, once information is entered, it cannot be altered. Each full node in the network independently stores a block chain containing only blocks validated by that node. When several nodes all have the same blocks in their block chain, they are considered to be in consensus.
Blockchain and AI: A Perfect Match?
Blockchain and Artificial Intelligence are two of the hottest technology trends right now. Even though the two technologies have highly different developing parties and applications, researchers have been discussing and exploring their combination . By definition, a blockchain is a distributed, decentralized, immutable ledger used to store encrypted data. It goes without saying that each technology has its own individual degree of complexity, but both AI and blockchain are in situations where they can benefit from each other, and help one another. With both these technologies able to effect and enact upon data in different ways, their coming together makes sense, and it can take the exploitation of data to new levels. Additionally, blockchain can also make AI more coherent and understandable, and we can trace and determine why decisions are made in machine learning. Blockchain and its ledger can record all data and variables that go through a decision made under machine learning.
Indian companies are focusing to invest internationally to expand global footprint and enhance their global delivery centres. Indian IT's core competencies and strengths have attracted significant investment from major countries. Japanese investments in the Indian IT sector grew 4X between and
Automation, robotics, algorithms and artificial intelligence AI in recent times have shown they can do equal or sometimes even better work than humans who are dermatologists , insurance claims adjusters , lawyers , seismic testers in oil fields , sports journalists and financial reporters , crew members on guided-missile destroyers , hiring managers , psychological testers , retail salespeople , and border patrol agents. Moreover, there is growing anxiety that technology developments on the near horizon will crush the jobs of the millions who drive cars and trucks, analyze medical tests and data , perform middle management chores , dispense medicine , trade stocks and evaluate markets , fight on battlefields , perform government functions , and even replace those who program software — that is, the creators of algorithms. People will create the jobs of the future, not simply train for them, and technology is already central. It will undoubtedly play a greater role in the years ahead. Jonathan Grudin.
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This trend is related to the "increase in cases of identity-related fraud and data breaches and the need to comply with various upcoming regulations," highlights a report published by ResearchAndMarkets. The government and defense sectors will be the drivers of demand for these solutions, with Asia-Pacific being one of the regions with the highest growth for this analysis period, thanks to organizations increasingly aware and focused on adopting cloud tools for this purpose. In a scenario of high diversification of attacks related to digital identity fraud, attackers are trying to penetrate various industries and devices in sectors ranging from finance, one of the main focuses, to tourism and entertainment platforms. According to a recent TransUnion report, in the second quarter of , the rate of suspected digital fraud attempts increased by