Technology is and has always been a crucial part of finance. From the first promissory notes (banknotes) in the Netherlands and China, there was a race with counterfeiters that parasitically undermined trust. As in political communication, technology is the message, rather than merely "a tool": when it comes to money, trust is not just instrumental, it is fundamental. With cashless payments being the norm and social media platforms weαving an additional layer of involvement in our social data web – Amazon, Google, Facebook, Apple – Artificial Intelligence (AI) is already in our wallets, business, and financial affairs. In a non-western setting, one may refer to the Chinese "social rating" system, which allows the state to value and evaluate social behaviour patterns, creating a link to individual credit rating.
Machine Learning is the new buzz word and AI is the slang word these days. What does happen in this exiting field in Europe? Is AI common ground for all businesses or the exclusive territory for a few? Who has managed to validate a business model for autonomous vehicles or chatbots?Whatdoesdata-drivenor API-firstbusinessmodelslook like? With this report we want to provide a comprehensive review of investment in startups and high-growth AI and Data Analytics companies across 22 countries in Europe.
In the year 1820, a person could expect to live less than 35 years, 94% of the global population lived in extreme poverty, and less that 20% of the population was literate. Today, human life expectancy is over 70 years, less that 10% of the global population lives in extreme poverty, and over 80% of people are literate. These improvements are due mainly to advances in technology, beginning in the industrial age and continuing today in the information age. There are many exciting new technologies that will continue to transform the world and improve human welfare. Here are eleven of them.
Cloud computing also often simply referred to as "cloud" represents a group of servers and computers connected to each other over the internet to create a large distributed infrastructure, which can deliver on demand services over the internet on a pay-for-use basis. Most of the cloud computing services could be split into three big categories: Infrastructure-as-a-service (IaaS), Platform-as-a-service (PaaS) and Software-as-a-service (SaaS). The focus of this article will mainly be on IaaS, space dominated by players like Amazon, Microsoft or Google. Today there is a large spectrum of advantages that drive companies to go for a cloud infrastructure. For many traditional scenarios where you don't have an extreme volume of data, classical cloud computing architecture is covering the demand.
Today, so-called smart homes and IoT devices can make life easier, if you know how to use them. In short, just about every electronic device in your home can take orders from you and coordinate with others. You can make yours into a smart home like George and Judy Jetson's while keeping you safe using these gadgets. But, it helps to understand what IoT and smart devices are. Now, IoT and smart devices get used for creating smart home environments once only possible on television or in movies.