SigmaWay Blog

SigmaWay Blog tries to aggregate original and third party content for the site users. It caters to articles on Process Improvement, Lean Six Sigma, Analytics, Market Intelligence, Training ,IT Services and industries which SigmaWay caters to

NEURAL NETWORKS: UNFOLDING THE BLACK BOX

The most powerful algorithms extensively used in the field of deep learning are neural networks. Here we focus on the artificial neural networks which are nothing but the computing system based on the structure of human brain. It is a type of machine learning which is used for detecting patterns in unstructured data. A lot of business applications today depend on neural networks to solve various complicated problems. However companies use neural networks in various ways. For instance, as explained by LinkedIn’s Deepak Agarwal, neural networks are used in LinkedIn along with text classifiers to detect spams. Neural networks are widely used in activities like marketing, finance, operations management, insurance etc. Thus the capabilities of artificial neural networks are inexhaustible. Read more at: https://www.cmswire.com/digital-experience/what-is-a-neural-network-and-how-are-businesses-using-it/

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Role of Data Analytics In Sustainable Technology Business

Contrary to the common belief that Big Data and green business have little intersection, the former provides an array of solutions to sustainability issues faced by businesses. Benefits of big data can alleviate threats of climate change in future. According to Annie Qureshi, the author of the original blog, following the IPCC report on climate change in October 2018, businesses are expected to shift their investments to green tech companies from fossil fuel resources. Prospective investors can be attracted if local investors focus on big data and predict to yield high return for investors or by launching social media campaigns. As more and more companies are meeting UN sustainability goals, big data is making the world greener. Hence investing in big data should help green companies flourish.

Read more at: https://www.smartdatacollective.com/how-to-use-data-analytics-to-launch-sustainable-technology-business/

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NASA uses AI to Fill Data Gaps

In 2014,NASA had lost an instrument located on the Solar Dynamics Observatory that measured UV rays coming from the sun,to forecast solar storms and to alleviate their affects. This is when scientists and engineers turned to artificial intelligence,with the thought that well-trained data can fill the data void. Four years of data captured by space instruments that included images of the sun were used to design processes.Using the best software tools to test these models,the scientists concluded that CNN is a good fit for the data giving 97.5% accuracy. Superior images of the sun generated were used to predict UV measurements.Our question stands at- if AI can be used to fill data gaps,can it forecast UV spectra as well and can it address a wider spectrum of problems?

Read more at: https://www.aitrends.com/neural-networks/how-ai-came-to-the-rescue-of-scientists-studying-the-sun/

 

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Big Data Analytics: Helping Organizations detect frauds in early stages!

Big Data gained popularity during mid-1990s. But what exactly ‘’Big Data’’ means? It generally refers to the voluminous data, which the conventional data processing system is unable to process. It is widely used because of its advanced fraud detection and prevention techniques. The severity of frauds in credit card industry, insurance fraud and email based frauds are not new. Using big data to understand the card usage pattern of every customer, building specific fraud detection models, analyzing the geographical location of a person, can help companies prevent fraud. Pattern analysis with the help of big data helps banking sector detect fraud beforehand. Big Data helps prevent Medicare fraud  within minutes! Thus Big Data helps companies perform tasks on a much broader scale than a human being can actually do. Read more at: https://channels.theinnovationenterprise.com/articles/how-big-data-is-being-used-to-improve-fraud-detection

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Artificial Intelligence and Healthcare

In the modern era, with almost all industrial sector adopting new technologies, healthcare sector is no exception. Artificial Intelligence has changed the way in which we seek medical care.The use of artificial intelligence in medicine has reduced manual tasks and increased efficiency and patient care. With robots already assisting in various surgeries, few other AI systems used in medical sectors are WOEBOT,DA VINCI, PARO etc. As of now, there is always a high skilled surgeon in total control of the robots. It is believed that we have to still go a long way before robots have the sensitivity to perform surgeries on their own. They lack the common sense and the experience that humans possess. Thus a balance between human and machine is required. Read more at: https://community.nasscom.in/communities/iot-ai/artificial-intelligence-in-the-healthcare-sector.html

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Problems with Data Storage

With the advent of technology and analytics playing a major role,data storage has become of paramount importance.Just like every object in this universe occupies area,so does data. It just occupies space in the virtual paradigm. But there are problems with curating a data storage space. A well organized ,cost-effective long term data storage solution is what every company needs .High tech storage servers are required that absorb much of office space. It would mean spending on construction,on equipments and paying those who manage data. One can use cloud storage that takes advantage of other companies' infrastructure i.e. outsourcing data storage and maintaining responsibilities but this again would imply taking a risk with security. Storage space should be flexible so that it can be expanded in accordance with one's needs. Data should be accessible from different UIs and compatible with APIs.However, exposure to electromagnetic strips and waves may corrupt data.Data storage becomes futile,then. There are several problems with data storage that are yet be acknowledged and overcome.

Read more at: https://www.smartdatacollective.com/7-biggest-problems-data-storage-overcome/

 

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Big Data and Trends

A large number of tables with thousands of rows and columns. Data keeps flowing in from multiple live sources and is rapidly changing . This is what characterizes Big Data. Datasets are becoming vast and hence more complex for analysis. Without the correct tools,it would be difficult to use this data to draw insights. In this regard,three trends have come to the forefront- IoT,querying techniques and cloud computing.The advent of IoT has digitised everything. There are sensors and wires that chanel data which is then manipulated and analyzed to get results.Querying data i.e. extracting information from data is the first step before analysis and Cloud has come to play a major role in data storage. The three trends connected have paved a path for growth in technology.

Read more at: https://www.sisense.com/blog/waking-up-the-world-of-big-data/

 

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Artificial Intelligence-Is Humanity under threat?

With Google describing it as “Intelligence exhibited by machines’’, Artificial Intelligence (AI) is the ability of a machine to think and learn smartly like humans. With its extensive use in business, industries, healthcare, it has become an indispensable part of our lives, making it fun and easy. With the world pacing rapidly, can we think of day in our lives without a Google assistant or a Siri or an Amazon Alexa? AI has the potential of bringing about changes and development that is beyond human imagination. However it remains highly doubtful if AI can solve issues like poverty and epidemics. AI can be a potential job destroyer boosting unemployment and inequality. Having said that, we should remember that nothing can beat human understanding and problem solving skills. Afterall we live in a world where relationship is the priority. By keeping us updated and gaining the necessary knowledge we can definitely survive in a world of transformational change! Read more at: https://www.business2community.com/strategy/artificial-intelligence-disruption-or-opportunity-02175867

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How to overcome the challenges of hybrid cloud

Everything is in the cloud, but there are many challenges. So, with knowledge and a bit of planning, your company can avoid many of the challenges associated with migrating to a hybrid cloud solution. It is important that you research your cloud partner thoroughly to verify that that provider takes all the necessary steps to ensure security for its clients. Read more at: 

https://it.toolbox.com/blogs/carmashoemaker/overcoming-the-challenges-of-hybrid-clouds-040919

 

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Expected potential of AI technology

Nowadays, everyone is talking about artificial intelligence. The expected potential of AI technology is based on increasing the availability and usefulness of expert knowledge. It is this potential which will affect many diverse areas like education, commerce, government, medicine, and manufacturing. It is a fact that one of the most important results of work on artificial intelligence has been a refinement of techniques for obtaining and structuring the knowledge of experts. Read more at: 

https://it.toolbox.com/blogs/craigborysowich/the-basis-for-the-potential-in-artificial-intelligence-032519

 

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How IoT collects data

We all know that Internet of Things or IoT can monitor and measure data in real time. These data in return offers valuable insight to help save time, energy, and money. But, do you how are IoT data collected, processed, and analysed? Data are collected from security systems, smart appliances, smart TVs, and wearable health meters. Data are also collected from commercial devices including commercial security systems, traffic monitoring devices, and weather tracking systems. Read more at: 

https://it.toolbox.com/blogs/carmashoemaker/iot-data-how-to-collect-process-and-analyze-them-032619

 

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The three emerging IT technologies

In this rapidly advancing digital age, information technology is evolving from being a reactive organization with limited agility to be a predictive business enabler that foresees and anticipates business needs. So, the key in developing this competence is streamlining IT processes and working smarter, not harder. With this in mind, the author, Rose de Fremery, tech writer, takes a look into three technologies that are transforming business and IT operations today. These technologies are Cloud Computing, Artificial Intelligence and Automation. Read more about these technologies at: https://it.toolbox.com/article/3-technologies-that-are-transforming-business-and-it-operations

 

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Mobile applications and its importance in workplace

Nowadays, work environment needs flexible, effective, and dependable technology that allows employees to do their jobs, particularly in distribution and retail industries. But, with access to mobile apps that connect employees to a real-time look into inventory and orders, distributors and retailers are able to fulfill the need of every customer. Mobile apps can now connect employees to real-time business data, operations, and analytics and hence organizations can better forecast inventory need and deliver on increasing customer demand. Read more at: 

https://www.business2community.com/business-innovation/work-place-optimization-through-mobile-technology-02169425

 

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A new way of combating cyber security

Cyber security exists although there remains some threat. So, organizations now adopt never trust, always verify approach to cybersecurity to help protect your data robustly. This approach offers substantial benefits to organizations and businesses. Nowadays, employees generate endless amount of data every day, safeguarding this level of security may sound like a challenge. This article explores how zero trust helps secure your data. Read more at: 

https://it.toolbox.com/blogs/anthonyortega/2-ways-to-get-the-most-out-of-zero-trust-data-security-012419

 

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How Edge Computing is Changing Cloud Utlization

Nowadays, edge computing power of cloud is changing how Internet of Things devices and applications work as systems. This article explores some ways edge computing will change cloud utilization.  They are: Faster Decision Making, Network Load, Sharing Security and Disconnected Decision Making. Read more at: 

https://it.toolbox.com/blogs/davidgillman/4-ways-edge-computing-changes-cloud-utilization-012219

 

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How IoT is changing our lives

The vital concept of connectivity is moving beyond mere laptops, smartphones, and mobile devices as we observe its penetration into cities, homes, markets, farming, cars, wearables and more, connectivity is making each of them smarter by a great margin. This innovative advancement has come here to stay. Read how IoT is changing our lives at: 

https://it.toolbox.com/blogs/ankitkumar/internet-of-things-the-bright-wave-of-the-future-121818

 

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IoT data and Artificial Intelligence

It is a fact that the Internet of Things produces a lot of data for companies. So, dealing with this massive amount of data is both a large task and a continuous process for organizations. But, now most companies have some idea about the potential value of IoT data for their operations and IoT data which keeps streaming in, artificial intelligence is a natural choice for analyzing and making sense of them. Read more at: 

https://it.toolbox.com/blogs/davidgillman/stream-analytics-is-becoming-real-time-ai-121318

 

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Know all about insider threat prevention strategy

Data breaches nowadays are creating a lot of buzz. It is a fact that a new event happens every week, and even though organizations rightly fear an attack from an external source, internal threats also pose a hidden risk, accounting for a substantial number of data breaches. According to reports, it is found that 90% of organizations feel vulnerable to insider attacks. This article gives us some tips to develop an insider threat prevention strategy. Read more at: 

https://www.business2community.com/cybersecurity/10-tips-for-protecting-your-companys-data-against-insider-threats-in-2019-02148779

 

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Upcoming trends in cyber security

Cyber security has become important for any organization and in 2019, it is expected that the cyber security industry will identify and employ new ways of using user behavior analytics to better address security threats, both internally and externally, through next-generation solutions and wider adoption. They are: mass adoption, use of machine learning and artificial intelligence etc. Read more at: 

https://it.toolbox.com/articles/2019-cybersecurity-trends-security-threat-detection-will-incorporate-machine-learning-and-artificial-intelligence

 

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Automating repetitive work

Smart work is vital for any business as you and your employees can focus on more important tasks. Sometimes, new businesses struggle from lack of time and resources to grow their business proficiently. Automating tedious and repetitive tasks through software can save time and thus progressing overall productivity as automation means automating one or more work processes with the help of technology to reduce or eliminate human intervention. To know more about automation, read at: 

https://www.business2community.com/small-business/why-automate-your-business-02132048

 

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