Artificial Intelligence and Blockchain are two common buzzwords that we get to hear these days. While one has already reached a critical point of implementation, the other is an emerging one. While AI offers automation and machine with cognitive intelligence of humans but data capabilities beyond their power, Blockchain is more like a new filing system for digital information, which stores data in an encrypted, distributed ledger format. Through the maintenance of a decentralized database architecture by Blockchain, the record and authentication of certain operations are subject to the agreement of several parties rather than a single authority. This enables the creation of tamper-proof, highly robust databases that can be read and updated only by those with permission.
From performing simple commands on smartphones using Alexa or Siri to high-end technical operations in big tech firms, one thing is sure: Ease is a necessity in the modern human experience. The 21st century has marked a rapid advancement of technology in every aspect of human life and interactions. Despite being around for many decades, the replication of human intelligence in machines -- artificial intelligence -- has now become popularized.
From performing simple commands on smartphones using Alexa or Siri to high-end technical operations in big tech firms, one thing is sure: Ease is a necessity in the modern human experience. The 21st century has marked a rapid advancement of technology in every aspect of human life and interactions. Despite being around for many decades, the replication of human intelligence in machines -- artificial intelligence -- has now become popularized. With many tech companies rushing to adopt the technology, the market size is expected to grow to $126 billion in 2025. Similarly, distributed ledger technology and cryptocurrencies have exceeded everyone's expectations and are looking to compete with traditional fiat currencies.
With the advancement of technologies, the global economy has been digitized to facilitate secure and safe transactions. The cryptocurrency market has been the most exciting to watch over the last few years, considering its blistering returns and daily swings which can create panic even to the most seasoned traders or investors. Its incredible momentum along with the large number of individuals flocking to open e-wallets and exchange accounts is impressive. Despite the tremendous growth witnessed in the crypto space, the one area that many of these newly-minted traders struggle are in guarding their emotions. Humans are not as disciplined as machines when it comes to decision-making as many of our decisions are based on personal biases and emotions.
Artificial intelligence and its applications have made a significant impact on nearly every industry. Defined as a technique enabling machines to mimic human behaviour, brands are using AI to automate processes at an increasing rate. We see this at many points of brand interaction – site suggestions on our search engine, lane assistance in passenger vehicles, and app troubleshooting, to name a few. It has been around for almost 50 years, learning constantly, almost on a daily basis. As we evolve and become more efficient, and artificial intelligence learns to better emulate human intelligence, businesses benefit from increased process and operational efficiencies.
Is your company ready and willing to pursue artificial intelligence (AI)? Companies at the forefront of pursuing this long-hyped technology will have an advantage that later movers may never be able to overcome. This new research from Harvard Business Review Analytic Services explains how to move past the hype and lay a true foundation for AI. The good news is that you don't need to be a large, tech-forward enterprise to win the AI race. You just need to be smart about where to start.
As the virus continues to spread quickly in many parts of the world, the demand for touchless and contactless services have grown and have become increasingly popular. One point of caution many people find them selves at is in hospitals or other healthcare facilities as they are filled with at-risk people or even coronavirus patients. It is perfectly understandable to feel a sense of caution in any place filled with people, especially healthcare facilities in this day in age. The recent events that have unfolded have prompted some healthcare centers to launch remote doctor appointments for much of the general public, especially the elderly. As the pandemic continues to exploit vulnerabilities in healthcare systems around the world, do these contactless practices paint the future of a new normal?
Intuit on Wednesday announced the full rollout of a new business banking product called QuickBooks Cash. It combines a variety of services that fintechs currently provide small businesses into one core offering, Intuit said. According to Intuit, QuickBooks Cash aims to remove outdated money movement barriers and help small businesses better understand and predict finances with the help of machine learning. Intuit said the product offers a high-yield interest rate, a fund budgeting tool called Envelopes, and machine-learning powered insights that help predict cash flows. The business account includes free instant deposit and a physical debit card that lets businesses spend from their QuickBooks Cash balance.
South Korea's central bank is stepping up its efforts in digitizing the economy, launching a new department dedicated to emerging technologies. The new department will focus on blockchain, artificial intelligence and other cutting-edge technologies. The Bank of Korea revealed recently that it will be launching the'Digital Innovations' department. As per a report by local outlet In The News, the department will not only implement new digital technologies, but also expand the existing digital infrastructure. The department will have a number of teams that will focus on various sectors, including data service and innovation, the report states.