Blockchain technologies are one of the leading directions for the development of our world. The decentralized registry and the capabilities it provides have revolutionized the concept of finance, security, and independence of data operations in just a few years. To date, hundreds of billions of dollars are invested in the development of blockchain projects around the world. Even states appreciated all the advantages of this technology, and began to develop their own cryptocurrencies, or transfer some state institutions to the blockchain. Today we will tell you about a project whose main goal was to create a new generation blockchain.
Nokia has announced the launch of its Data Marketplace, a blockchain-based service providing real-time access to massive trusted datasets. "Our customers need secure and trusted access to data for effective business decision making. With Nokia Data Marketplace, enterprises and CSPs can now benefit from richer insights and predictive models to drive digital ways of working and tap into new revenue streams." Nokia Data Marketplace accelerates AI initiatives through federated learning. This approach, combined with orchestration capabilities, facilitates collaborative development of highly accurate machine learning models for analytics use cases.
During lockdowns and social-distancing restrictions, the Charlotte, N.C.-based company said it saw an uptick in customers using its AI-based virtual assistant, Erica, online money-transfer service Zelle and mobile check deposit, among other digital services. The bank's technology and business executives spoke about the company's digital growth at a virtual event on Monday, and said they're exploring more ways to innovate and keep pace with the demand for its technology. The Morning Download delivers daily insights and news on business technology from the CIO Journal team. "Digital demand is here to stay. That's not going away…now the question is how can we serve (customers) in more ways," said Aditya Bhasin, chief information officer for consumer, small business and wealth management at the bank.
In one 2020 complaint to the Consumer Financial Protection Bureau, a consumer echoed the words of George Floyd to describe an experience with a financial company, saying "you all will not let me breathe." The consumer wanted to know why the firm would "not take their knee off ... my neck?" Another criticized a company for its approach to sexual identity issues. "The employees refused to be sensitive to my pronouns' and name change," the consumer said. "As a result, my account was closed after years of torture from this credit card company."
Not long ago, consumers shopped for financial services by visiting branches of multiple banks and credit unions, collecting an assortment of brochures from a rack, talking to branch personnel, and comparing various value propositions. The decision was based on the human connection with the people at the branch, combined with the alignment of the products offered and the financial needs of the consumer. For today's consumer, shopping for a new banking relationship is far different. The increase in online and mobile banking options has empowered the consumer with far more alternatives, while making the decision-making easier. Consumers can browse, compare and purchase virtually any financial product or service from their computer or mobile device 24/7, without ever stepping foot in a branch.
TOKYO – April 22, 2021 – According to research findings by NTT DATA, senior financial services executives overwhelmingly agree that implementing Artificial Intelligence (AI) will be the key competitive driver of success over the next few years. In fact, 83% agree that AI is creating new ways to differentiate offerings and win customers, driven by access to unique data sets; however, obstacles remain and adoption lags. Respondents report technology implementation (55%), creating new business startup culture in an established business (51%), and organizational skill changes (43%) are all top AI challenges to implementing personalized proactive services. Despite these very real obstacles, financial institutions (FIs) must find a way to overcome them. Especially considering the COVID-19 pandemic, consumers are increasingly looking to digital finance solutions and apps that anticipate their needs and proactively offer financial guidance.
What was once unknowable can now be quickly discovered with a few queries. Decision makers no longer have to rely on gut instinct; today they have more extensive and precise evidence at their fingertips. New sources of data, fed into systems powered by machine learning and AI, are at the heart of this transformation. The information flowing through the physical world and the global economy is staggering in scope. It comes from thousands of sources: sensors, satellite imagery, web traffic, digital apps, videos, and credit card transactions, just to name a few. These types of data can transform decision making.
To understand'reality' we have to understand the cryptic universe (which is at-play-now (and-in-use) (present) in crypto-technology): The cryptic universe is the tokenization of'self' which is the basis for biomemetics and biomemetrics. Including (and especially) NFT, DeFi, 'smart contracts,' bitcoin, altcoin, blockchain, artificial intelligence, virtual reality, autonomous driving, machine intelligence, machine learning, IOT, intelligent autonomy, and automation in general. Conservation of the Circle is the core, and, thus, the only dynamic in Nature.
This Week Top Automation Articles highlights the potential of a low-code/no-code platform in Business and why Kate Crawford, writing in his book that technology experts are misunderstanding the concept of Artificial Intelligence. The introduction of the new Apple card family is really an exciting thing and why big brands like Gucci are not realizing the worth of Cryptocurrency. There is much more to explore. Let's dive into the Automation World! The potential for low-code/no-code platforms is enormous.