The FinTech revolution is truly transforming the way that we manage our money, bringing new online banks, new models for insurance provision, new ways to access loans, and much more. It rests on a number of pillars, but one of the most important is that of big data.
Social media conglomerate Meta is the latest tech company to build an “AI supercomputer” — a high-speed computer designed specifically to train machine learning systems. The company says its new AI Research SuperCluster, or RSC, is already among the fastest machines of its type and, when complete in mid-2022, will be the world’s fastest. “Meta has developed what we believe is the world’s fastest AI supercomputer,” said Meta CEO Mark Zuckerberg in a statement.
If 2021 was the soft launch of the Decade of the Internet of Things (IoT), 2022 is set to accelerate IoT-related technologies and investments, addressing societal and economic issues. The rollout of 5G, maturing of artificial intelligence algorithms for streaming IoT data, increased computing power at the edge and cheaper/better sensor technology is the “convergence” that has supercharged IoT adoption.
The term “Industry 4.0” originated from a committee of German technocrats who wanted to make predictions about where technology was headed next. And certainly, it fits nicely in the storyline of the initial Industrial revolution with the rise of machines powered by steam and water, the second revolution sparked by the use of electricity, and the third revolution of automated production with robots.
Over the years, this biweekly letter has provided me with the opportunity to fully and fairly document just how much free time college students can have if they try. My college roommates tried really hard.
In today’s world, data is collected at mind-boggling rates. People of all ages and backgrounds are almost constantly interacting with technology, allowing access to their names, ages, locations, content preferences and more.
Already a key strategic initiative, digital transformation — a catchall term for describing the implementation of new technologies, talent, and processes to improve business operations and satisfy customers — has taken on heightened importance during the COVID-19 pandemic.
Banking is becoming more convenient thanks to the Internet and our many connected devices, and the future of the banking industry is growing increasingly digital. Whether discussing the future of retail banking or the future of mobile banking, technology is playing a larger role in our everyday transactions. The Internet of Things (IoT) is part of this rapid evolution toward the bank of the future, and both consumers and financial institutions need to adapt to these retail and mobile banking trends.
These are heady times to be in the big data business, with big growth predicted for the foreseeable future across several measures, including data generation and storage, market spending, and data analytics hiring. First, the growth of data shows no signs of slowing down. In fact, data creation leaped forward in 2020 thanks to the COVID-19 pandemic, according to IDC’s DataSphere and StorageSphere reports.
Closing the gap between their organization’s choice to invest in a data science and machine learning (DSML) strategy and the needs that business units have for results, will dominate data and analytics leaders’ priorities in 2022. Despite the growing enthusiasm for DSML’s core technologies, getting results from its strategies is elusive for enterprises.
