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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

Role of Analytics in Health Tracking

The way of tracking our health needs has changed over time. Technology has brought many devices which will manage and track health-related issues. The health trackers are useful for both the parties, the patients and the doctors. Data tracking devices like Apple watch or Fitbit tracks anything and everything from sleeping concerns to running schedules or walking. Hence, this kind of artificial intelligence in these devices help provide solutions to the health problems. These devices has helped fill-in the gap of huge spaces required for keeping records by hospitals. The rise in the number of apps of health trackers helps to provide a better picture of a patient’s health concern. Thus, the data tracking technology is a blessing in disguise.

For more information, visit:  

https://insidebigdata.com/2018/06/05/advancements-health-related-data-tracking/ 

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Is Automation Leading to Extinction?

It is said that with the future of technology another thing that is coming nearer to us is the risk of human extinction. Raymond Kurzweil, Google’s Director of Engineering and Futurist, published a book, The Singularity is Near, in which he welcomes a future in which AI will overcome human intelligence. Though we are still know that as super intelligence, but for now we do encounter AI in almost every aspect of our lives. Though in his book, the author welcomes AI as positive, most people fear job loss and the worst as human extinction. History indicates that any advancement in technology not always turns out to be bad. But, one could not ignore that with current technologies almost 45% of the jobs for which we are paid are now automated. This has become a topic of debate and no one knows what stands for us in advent of future. To know more visit: https://medium.com/@tjajal/automation-and-the-rise-of-meaningful-work-d1c7d596fee6

 

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Potential of Renewable Energy

Renewable energy is under the radar for many years now. At the UN Summits, it is a hot topic. There are heavy investments renewable energy recently due to its expanding potential. The costs of such equipment are lower than ever before. Many companies are also expanding in this direction. Electricity generation is more reliant on wind, solar and tidal sources. New Power Purchase Agreements and replacing the old systems. With increasing supply, the storage for electric charge is being done in lithium ion batteries. Read more at : https://www.nrdc.org/experts/sneha-ayyagari/three-reasons-why-renewable-energy-leaders-are-optimistic

 

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Portable deep-learning AI

Recent technology advances have enabled Artificial Intelligence (AI) to work independent of any network connections, fitting it in compact devices. Deep-learning AI processes data like a human brain, using elements like memory. Such AI is adaptive to the conditions in which it is put, thus enhancing continuously. They come with their own virtual assistant voice, which makes them much more cost efficient. Results from the evolving deep-learning AI has left the users amazed by the results they get. Deep-learning AI seems to have no end to its evolutionary capacity. Read more at: https://www.sciencedaily.com/releases/2017/11/171114091305.htm

 

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Artificial Intelligence-One Of The Fastest-Growing Technologies

According to authors, target  marketing  strategy  is the key to success ,which propels new technology into action to communicate effectively and quickly with the customers. Understanding the intricacies of both changing technology and Artificial Intelligence, is crucial for achieving success, as much of this is happening through machine learning and taking advantage of robots and AI. It’s the responsibility of the Chief Marketing Officer(CMO) to transform and spot out the same, thereby, changing the company’s identity. This requires skilled manpower, who can understand and effectively combine human interaction with machine learning. According to stats, the top revenue generator in the upcoming years will be marketing. Therefore leveraging AI is crucial to amplify the potential gains. Read more at https://www.forbes.com/forbes/welcome/?toURL=https://www.forbes.com/sites/blakemorgan/2017/06/30/how-the-cmo-can-leverage-ai-internally-and-externally/&refURL=&referrer=#6974b0db367d

 

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Technology – Shaping The Future of Money.

At Singularity University’s Exponential Finance Summit in New York last month, Peter Diamandis talked about technology, money and a demonetized world. We all have access to everything at the palm of our hands due to advanced technology, robots implying higher efficiency and lower cost. But technological unemployment follows. The counterbalance to technological unemployment, is the demonetization of living. The most common example of this phenomenon is the smartphone where a bunch of different things can be performed in a single device. Demonetization is one of the factors of technological disruption, where money is taken out of the equation for a given product or service, making it available to everyone. Communication, Entertainment, Energy, Transportation, Housing, Education, Healthcare are a few fields of example Diamandis gave in this context. Read more at https://singularityhub.com/2017/06/08/technology-will-erase-jobs-but-also-make-everything-cheap-or-free/

 

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Financial Risk Management And The Use of Technology

After the revolution of fin tech in India, the payment sector has seen that Indians are opting for online transactions and transfers. But it is important to keep in mind the security aspect of digital transactions. With increasing use of technology, the market of risk management is growing fast. AI is playing a huge role in financial risk management because of its ability to deal with lots of data with high accuracy.Read more at:https://www.entrepreneur.com/article/294816

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Artificial Intelligence and Revolutions

Technical revolution is always an unbiased phenomenon but the human makes that positive or negative. After the mechanical revolution of the 19th century, AI is considered the next revolutionary phenomenon in human civilisation which will make a significant impact on technology and global socio-economic condition. AI’s decision making capability is still not highly advanced so AI can’t replace humans now. AI will kill some jobs and create some exciting jobs also. Technical innovation creates new opportunities and friends also. Read more at:https://www.entrepreneur.com/article/288956

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AI and aerospace

The aerospace companies are now studying ways to make safer the current autopilot technology. In near future, the crew will be removed from the plane. According to Boeing Vice President Mike Sinnett, the most important tool for making autopilot safer is Artificial Intelligence. The autopilots should potentially reprogram themselves according to situations which are not possible without AI and Machine learning.Read more at:https://www.entrepreneur.com/article/295609

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Chatbot And Monetization Strategies

Chatbots are new in the industry and you can make a lot of money from it whether you are an entrepreneur or a company. Chatbots can understand and utilize user psychology to your advantage. Bots can give service in the B2B business. In platforms like Facebook, you can advertise your product or service through bots. You can also generate leads for your business. Read more at:https://www.entrepreneur.com/article/289973

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Bots and their use in business

Many marketers have started to think that how they can use Facebook's Bot platform in their business. There are many ways chatbots can be used for the advantage of the business. Chatbot can offer self-service options to your customers which will bring a positive view of your customer care team. You will able to build most effective marketing campaigns with the in-depth user data. You will also able to introduce new innovative promotional opportunities.Read more at: https://www.entrepreneur.com/article/290085

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All About Chatbots

Use of digital assistants or chatbots helps to provide more personalized customer experience. It also can benefit business’s internal and external matters significantly. Implementing AI in Chatbot can improve workflow and help in communication among team members. It can handle logistics and supply chain. It can also help in enhancing decision making and regular important processes across their organizations. Read more at: https://www.entrepreneur.com/article/295157

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Tech Companies And Artificial Intelligence

AI collected tremendous investments with Indian start-ups this year and big tech companies are flowing money on it. Tech giants are searching for new opportunities in AI to improve or revolutionise their regular operations.  This year tech industry has seen a significant AI investments in start-ups and companies. Some of them are Niki.ai, Absentia Virtual Reality Private Limited, QorQL, Innefu Labs etc. Start-ups mainly use their funds to improve its AI platform for predictive analytics and biometric authentication. Read more at: https://www.entrepreneur.com/article/295272

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Changing Roles Of Technology

Technologies changed roles at home, from the kitchen phone to smartphone, tablets etc. The latest edition is IoT. Here, smart means safety in terms of health and security. We will be able to control various electronic devices like AC, Fridge, Fan, TV etc. directly with our smartphones and also able to know the safety status of those. We can take care of our loved ones when we will be outside of our homes. The time of the smart home is coming to us soon. Read more at: https://www.entrepreneur.com/article/295464

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All About E-Retail After 2020

India’s retail market is predicted to double from $600 billion in 2015 to $1 trillion by 2020 as per IBEF. The growth in e-commerce influences development in the retail sector. Faster internet speed, reliable telecom operators, increased adoption of online services plays a key role in gaining that tremendous growth. In upcoming years, we will witness advanced technologies and innovations to revolutionize the customer’s shopping experience and collect more online sales.AI based chatbots will be the future of customer service. As consumers are gaining digital prominence mobile wallet will be crucial for cashless transaction. Read more at:https://www.entrepreneur.com/article/293462

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Marketing to Millennials with AI Technology

Marketing to millennials is challenging for their changing consumption patterns in various platforms, devices or content formats. AI collects smart real-time data and use those which may be personal data, brand data, historic data, etc. A chatbot can go to messenger platforms to accelerate a personalized e-commerce without human interactions. Acceptance of AI is growing in millennials for interaction with brands, online and offline. Read more at: https://www.entrepreneur.com/article/295047

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Because technological devices can be more accurate in these cases.

Not all of us are good at knowing how ripe a fruit or a vegetable is just by seeing it. But the research at MIT has solved this issue. They have created a hand-held device which would say how ripe an apple is based on the glow of chlorophyll in the fruit's skin under ultraviolet light.

The device is 3.5 by 1.5 inches mostly made up of all the commercial objects available in the market making a chip that picks up the fluorescence an exception which the researchers had specially ordered.

The device interacts with the user via the Bluetooth and the android app. With advancement, this device would be able to go for many other fruits and vegetables with dealing with a great amount of data. Read more at : https://www.livescience.com/56040-handheld-device-tells-if-fruit-is-ripe.html

 

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Analytics is the future

Data driven analytics is must for all business functions because of increasing complexity and market volatility. According to the survey of more than 300 executives in North America, U.K. and Ireland conducted by Dun & Bradstreet and Forbes Insights, 1.) Senior executives finally understand the value of analytics and are making investments in technology, people and processes. 2.)Data analytics skills gaps persist across the enterprise, as 27% of analytics professionals surveyed cite this skills gap as a major impediment in their data initiatives.  3.)Analytical methods and tools trail both the appetite and ambition of most business leaders. Analytics now drives today’s enterprise, from formation of business strategy to powering operational excellence. It has clearly moved from being an optional operational element to serving as the core of corporate activities. Read more at: https://www.entrepreneur.com/article/295522

 

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Business doing Outsource Without Going Overseas

In today’s business world, outsourcing of overseas tech support is changing with an Innovative solution ‘TechtoUS’ that helps in eliminating language barrier and allows business and individuals. Local Outsourcing is more cost effective than outsourcing overseas. Overseas tech support is difficult for some people because they pay to businesses to call tech support for them. Read more at: https://www.computer.org/web/computingnow/insights/content?g=53319&type=article&urlTitle=how-technology-allows-your-business-to-outsource-without-going-overseas

 

 

 

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Drones helping to showcase the aquaculture of Tanzania

SecondMuse, place of work that collaborates with organizations to assist solve complicated issues, looked to the most recent drone and 360 video technologies to assist showcase cultivation — the farming of aquatic life-forms — in United Republic of Tanzania.

Led by the Australian Department of Foreign Affairs and Trade’s InnovationXchange, in partnership with SecondMuse, the goal was to award comes that each facilitate scale back environmental impact and increase property.

Ben Kreimer, a drone and computer game individual, and Brett Garling, producer and founding father of Cut Canvas inventive, shot 360 video underwater, on land, and within the air to document 3 of those initiatives.

 

More than seventieth of Tanzanian alga farmers square measure ladies, and rising ocean temperatures square measure reducing the economic viability of alga farming, per the Blue Economy Challenge web site.Read more at : http://blogs.discovermagazine.com/d-brief/2017/06/08/drones-showcase-aquaculture-in-tanzania/#.WUK_3BN968V

 

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