This Week In Digital – Week 11, 2019

How Blokchain will fare out in the next 10-20 years, how AI can avoid air crashes, and how AI is making job descriptions obsolete. Read all about it in the latest update of This Week In Digital.

Augmented Analytics to play vital role in converting Big Data to Smart Data – Moneycontrol News, March 13, 2019.

Augmented AnalyticsAdvancements in data processing tools and adoption of next-generation technologies such as augmented analytics to extract insights from Big Data are expected to drive the Smart Data market toward $31.5 billion by 2022, finds Frost & Sullivan. Augmented analytics automates data insights and provides clearer information, which is not possible with traditional analysis tools. Companies such as Datameer, Xcalar, Incorta, and Bottlenose are already focusing on developing end-to-end smart data analytics solutions to obtain valuable insights from Big Data.

Artificial Intelligence Is Making Job Descriptions Obsolete, Executives Say – Joe McKendrick, March 16, 2019.

Artificial IntelligenceA recent study suggests that seeing tasks taken away by machines has a demoralizing effect on human workers. The study, conducted by researchers at Cornell and Hebrew University of Jerusalem, details how humans were pitted against machines in a series of games. (Dan Robitzski provides a nice summary of the results in Futurism.) As one (human) study participant put it: “I felt very stressed competing with the robot. In some rounds, I kept seeing the robot’s score increasing out of the corner of my eye, which was extremely nerve-racking.” The key is to help employees get comfortable, and trained and ready to collaborate with AI systems. Business leaders are hoping that their employees are going to be accepting of AI in their worklives, because companies have big plans for AI — and many hope that it will ultimately extend not replace worker capabilities.

AR, XR, VR — The Alphabet Soup of Augmented Reality in Retail – Nikki Baird, March 18, 2019.

When consumers started using smartphones – start the clock at June 29, 2007 with the iPhone’s first launch – one of the first places they tried to take it was shopping. Such is the saga of retailers’ existence, that ever since the consumerization of technology, the retail industry has found itself dragged, kicking and screaming, onto the front lines of technology adoption. Where retail used to be an industry focused exclusively on products and how those products enabled or responded to consumer tastes, now retail is made – and broken – by technology adoption and their own ability to adapt to how consumers want to engage. So how does augmented reality play into this 21st century trend? Are consumers adopting AR and VR at the same unprecedented pace? And is their expectation that they should be able to bring it shopping – and soon?

Khronos Group releases early OpenXR spec for AR and VR hardware standards – Dean Takahashi, March 18, 2019.

The Khronos Group has announced the ratification and public release of the OpenXR 0.90 provisional specification for royalty-free standards related to augmented reality (AR) and virtual reality VR devices, collectively known as XR. This means that software makers will know how to make software that runs quickly and efficiently on various kinds of VR and AR hardware. The Khronos Group released the specification at the start of the 2019 Game Developers Conference in San Francisco today.

SAS to invest $1 billion in Artificial Intelligence – Moneycontrol News, March 18, 2019.

SAS is investing $1 billion in AI over the next three years through software innovation, education, expert services and more. Educational programs and expert services will equip business leaders and data scientists for the future of AI, with the technology, skills and support they need to transform their organizations.”At SAS, we remain dedicated to our customers and their success, and this investment is another example of that commitment,” said SAS CEO Jim Goodnight. “With our innovative capabilities in AI, SAS helps businesses deter damaging fraud, fight deadly disease, better manage risk, provide exemplary service to customers and citizens, and much more.”The $1 billion investment in AI will focus on three main areas: Research and Development (R&D) innovation where SAS continues to build on the success of its global AI efforts; education initiatives addressing customer needs to better understand and benefit from AI; and expert services to optimize customer return on AI projects.

Artificial intelligence to monitor pilot drowsiness – March 18, 2019.

A safety kit, comprising of smart cameras and wearable electronics, has been developed that will enable real-time detection of signs of drowsiness. The kit, developed by the HIPNOSIS consortium, led by CSEM, aims to improve the evaluation of pilot fatigue by providing innovative monitoring tools – in this case, a specific vision-based system that has been combined with a bio-physiological signal sensor. HIPNOSIS developed the kit in response to winning an EU tender, part of the Clean Sky 2 Joint Undertaking, a European research program dedicated to aeronautics. According to Andrea Dunbar, head of Embedded Vision Systems at CSEM, the device will, “Implement computer vision and machine learning algorithms in order to detect signs of drowsiness in pilots in real time.”

Six Global Banks Sign Up to Issue Stablecoins on IBM’s Now-Live Blockchain Network – Marie Huillet, March 18, 2019.

Six international banks have reportedly signed letters of intent to issue their own stablecoins backed by their national fiat currencies on IBM’s now-live blockchain-powered payments network, “World Wire.” The news was jointly announced by IBM and Stellar during a keynote at Money 2020 Asia in Singapore, financial news channel Cheddar reported on March 18. As previously reported, IBM’s cross-border payment network, Blockchain World Wire (BWW) was launched in collaboration with Stellar (XLM) in September 2018. BWW, which went live today and reportedly has over 44 banks on service, aims to leverage cryptocurrencies to enable near real-time international settlements between banks.

Ethereum Co-Founder Joseph Lubin: Blockchain Will Be Most of the Economy in 10-20 Years – Adrian Zmudzinski, March 18, 2019.

Ethereum (ETH) co-founder Joseph Lubin said that he expects the global economy will be 10 times larger in 10 to 20 years, when blockchain is fully ramified, and blockchain will be involved in most of it. Lubin made the statement at the SXSW conference in Austin on March 14. During the same keynote, Lubin also pointed out that just as nowadays there aren’t many “normal” people using blockchain-based systems, “there weren’t a lot of ‘normal’ people firing email around in 1983.”

IBM Hints at Stablecoin Cross-Border Payments Solution for Financial Institutions – Marie Huillet, March 18, 2019.

The head of blockchain solutions for IBM, Jesse Lund, has hinted that bank-targeted stablecoins will be a major forthcoming development for the tech giant’s blockchain-powered cross-border payments solution. Lund made his remarks during an interview on financial news channel Cheddar on March 15. While more details are set to be imminently announced next week, Lund told Cheddar that “market demand” is driving IBM to develop a stablecoin solution for financial institutions.“More than a few banks around the world see tremendous business benefit to issue stablecoins in their native fiat currency,” he said.

Artificial Intelligence, Machine Learning Create Multifold Efficiency by Optimizing Facilities in Real-time – Dqindia Online, March 18, 2019.

Artificial Intelligence and Machine Learning are now more than just buzzwords. AI and ML are increasingly becoming integrated with our everyday services, which we may not realize. With connected intelligence made possible by the Internet-of-Things (IoT), data-based decision making and control becomes a cakewalk. While individuals get the windfall benefits of AI and ML by means of better playlist suggestions, local offers, location and context-relevant content access. On the other hand, CREs benefit from a centralized view and control of their building operations and sustainability that helps them make informed decisions to provide exceptional experiences.

 

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