Since I have a passion for travelling as well as the hospitality industry (having a bachelor in hospitality management), and I believe in the power of Artificial Intelligence (AI), for this week’s article I decided to look into what happens when you combine the two. As it seems, Artificial Intelligence is set to be a game-changer for the travel industry. It is helping consumers and companies simplify making travel arrangements and streamlining business processes. AI is also modernising travel by taking it from a complicated, drawn-out experience to one that is more enhanced and [...]
Often, I write about emerging technologies such as big data, blockchain, IoT and AI. However, other technologies are also increasingly affecting organizations, one of them being Augmented Reality (AR). Thanks to technological advancements, Augmented reality is rapidly growing and is projected to drive billion-dollar annual revenues within the next decade. A Markets and Markets report estimates that AR will grow to be a $117.4 billion market by 2022. Moreover, A Citi GPS report projects AR's billion-dollar annual revenues will further increase to $692 billion by 2025. AR will be booming and [...]
Blockchain is set to change data ownership. It will help restore data control to the user by empowering them to determine who has access to their information online. It is a paradigm shift in how we deal with data and it will offer consumers the much-needed control over their own data.
Blockchain Will Drive the Need for Change
Change is required for various reasons, including security and privacy concerns. A 2016 Pew Research study revealed that 74 percent of its participants ranked control over who can access information online as a primary concern. The study also revealed that transparency[...]
Big Data has ushered in an era of data analytics that is taking different forms, including prescriptive analytics. This type of business analytics helps you find the best approach for a specific circumstance. It is also considered the third or final part of business analytics, which also encompasses descriptive analytics and predictive analytics. Prescriptive analytics leverages predictive analytics and descriptive analytics to derive ideal outcomes or solutions from helping you solve business problems, and it is driving the future of Big Data. Here's how:
Differences Between Prescriptive [...]
By 2020, approximately 20.4 billion devices are estimated to be connected to the internet. These IoT devices are getting smarter, connecting to intelligent applications, such as Amazon's Alexa or Apple's Siri, and helping consumers make transactions and complete tasks. However, they are also sparking conversational AI, and it stands to change customer service. Explore conversational AI, its benefits and challenges, and how it will help change customer service:
What Is Conversational AI?
Conversational AI consists of an advanced technology that uses natural language processing (NLP) so that [...]
There is no denying the power of the Internet of Things (IoT). IoT devices are already in 60 percent of U.S. homes using a broadband connection, and an estimated 200 million vehicles will be connected to the internet by 2020, standing to transform entire industries for a good reason. By the end of 2017, approximately 8.4 billion devices are projected to be connected to the IoT -- that is more than the human population. It is only going to expand as time moves on, as more data is created by these smart devices and as technology continues to advance. These numbers are expected to increase [...]
We live in exciting times, where it has become possible to send money across the globe nearly instantaneously, where you can create value out of nothing and where we are working towards a future that is decentralised. The first application that kickstarted this revolution was Bitcoin when it was launched in 2009. Since then, the price of Bitcoin has increased dramatically, reaching $5000 for the first time in September 2017. The news of the Chinese government banning ICO’s resulted in a brief dip in the value of the coin, as well as almost all other cryptocurrencies, but after two days it [...]
Just as word-of-mouth can make or break your business, your online reputation can either help or hurt your business. In today's digital world, our "real" lives are increasingly becoming merged with our digital lives and it is transcending to the world of business and e-commerce. But how can you ensure what is being said about your company or one that you plan to do business with is true? The answer rests in the power of the blockchain. Blockchain technology stands to change online reputations in more ways than you think, and it is worthwhile incorporating online reputation management (ORM) [...]
The rise of cloud storage has helped companies collect and manage massive amounts of data. Data comes from corporate systems, Internet of Things objects and unstructured sources like online forums. New analytics tools like Hadoop help companies make sense of that data.
Yet simply having data and analysis tools doesn't mean the results of an analysis are meaningful. Getting true insight from data depends on the data being correct. With the many sources that feed into data lakes and the many transformations big data goes through to be processed, there are many possible ways for errors to be [...]
The Internet of Things is expected to grow to 8.4 billion devices in 2017, with predictions of more than 20 billion devices by 2020. While this market is growing rapidly, it faces a major barrier on the way to its success. Connected devices are vulnerable, as seen in the DDoS attack on October 21st, 2016, which took down the DNS provider Dyn. Large websites such as Etsy, Twitter, PayPal, Verizon, Comcast and Reddit were among the many that were virtually unusable during this attack. The hackers turned to unsecured IoT devices to create an extensive botnet so they could push enough traffic to [...]