Wednesday, 31 May 2023

Top 10 Money-Making Technologies of The Future



The top 10 money-making technologies of the future, though many swathes of the tech sector are still dealing with the fallout financing splurge, several areas appear to be accelerating. Buzzy breakthroughs will begin to pile up in the coming year. Generative AI has already made a major impression. Digital smell technology advancements will enable new methods to explore the world and allow for more solid forecasts about what food and cosmetic goods people will appreciate. Meanwhile, virtual power plants are gaining popularity as a method for residences outfitted with gleaming solar panels and battery packs to earn money while also assisting electrical systems becoming much more robust.

  1. Immortality-as-a-service: Humans have dreamt about living for millennia, but the age-old desire is now gaining renewed interest from venture capitalists and technology businesses. Consider a world in which age was truly only a number.

  2. The secret invasion of super apps: The stage is being prepared for a major fight between big app-level platforms contending for control of customers’ online lives. The Swiss Army Knives of consumer digital platforms are super applications.

  3. Fintech’s rapid regeneration: Fintech firms are experiencing the most difficult market conditions since their inception, but many are already responding by expanding into new markets and catering to businesses.

  4. Bots in the house: Tech leaders and entrepreneurs alike are investigating how robots may be used safely in the house both as useful cleaning tools and as compassionate companions.

  5. Virtual power plants: Decentralized energy solutions are gaining popularity as the demand for renewable energy grows, grid stability issues grow, and communities grapple with rising energy prices.

  6. Healthcare’s invisibility trick: Ambient health monitoring will go beyond traditional remote patient monitoring ways to collect data continually using devices that are more connected and less intrusive than ever before.

  7. Smell goes digital: Digitizing fragrance is a difficult process, but smell technology is making considerable progress that might have an impact on industries such as food, retail, healthcare, and others in the next year.

  8. Femtech turns to menopause: As the women’s health industry expands, more entrepreneurs are focusing on neglected topics such as menopause. Women control the majority of healthcare spending in the United States; however, many women’s health concerns are still disregarded and underpaid. Menopause

  9. The bio-based materials boom: Companies are developing next-generation materials from natural sources such as mushrooms and seaweed. Bio-based materials are created using organisms such as mushrooms and seaweed.

  10. India’s tech ascent: VCs are banking on India in the hopes of profiting from the startup ecosystem’s next era of rapid expansion. India has emerged as a venture capital (VC) hotspot. The country, which is expected to become the third-largest economy in the world by 2030

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Thursday, 25 May 2023

What is AI and how will it change our lives?



Artificial intelligence is changing our lives – from education and politics to art and healthcare. The AI industry continues to develop at rapid pace. But what exactly is it? Should we be optimistic or worried about our future with this ever-evolving technology?

What is AI? -


 Artificial intelligence is a multi-billion dollar industry. Tons of AI tools are suddenly available to the public. Friends are using apps to morph their photos into realistic avatars. TV scripts, school essays and resumes are written by bots that sound a lot like a human. AI scientist Gary Marcus says there is no one definition of artificial intelligence. It's about building machines that do smart things. - As technology gets better at faking reality, there are big questions about regulation. In the U.S., Congress has never been bold about regulating the tech industry and it's no different with the advancements in AI. 

.Can AI replace creativity? 

 AI tools used to generate artwork can give users the chance to create stunning images. Language tools can generate poetry through algorithms. AI is blurring the lines of what it means to be an artist. Now, some artists are arguing that these AI models breach copyright law Earlier this year, Microsoft's chatbot went rogue. It professed love to some users. It called people ugly. It spread false information. The chatbot's strange behavior brought up an interesting question: Does AI have common sense? 

How can AI help productivity?

  From hiring practices to medical insurance paperwork, many big businesses are using AI to work faster and more efficiently. But that's raising urgent questions about discrimination and equity in the workplace.  Geoffrey Hinton, known as the "godfather of AI," spent decades advancing artificial intelligence. Now he says he believes the AI arms race among tech giants is actually a race towards danger.
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Tuesday, 23 May 2023

How cloud computing is helping Indian businesses

 


Globally, C-suite and Senior Leadership have prioritized Cloud adoption in the business. A similar pattern has emerged in Indian businesses. According to NASSCOM, Cloud technology will account for roughly 5%-8% of GDP by 2026 and has the potential to create unprecedented growth in employment opportunities in this shared digital infrastructure space aka Cloud.

Indian Government has been supporting Cloud adoption by devising policies and providing support to MSMEs (Ministry of Micro, Small and Medium Enterprises) by creating an appropriate ecosystem. The ‘Digital MSME’ and the ‘Digital India program’ has led the transformation for Indian businesses and have encouraged them to use Cloud platforms for communications and information technology applications. These initiatives have helped MSMEs to cut on CAPEX (Capital Expenditure) infrastructure and move to cutting-edge applications and infrastructure economically.

Various cloud providers like AWS, GCP, and Azure are building platforms catering to the need of various businesses and providing support for them to implement cloud in their businesses without having adequate technical know-hows. Creating accounts, connecting with cloud platforms, storing files, or accessing cloud-based SaaS apps have been made very easy for businesses and have helped them come to a place from where they can scale their business and have business continuity and resilience.

Cloud technologies and platforms have provided innumerable opportunities for Indian businesses with access to high-end computing, cutting-edge software, pay-per-use model and have helped businesses move from CAPEX model to OPEX (Operating Expense) model.

The various advantages of Cloud in terms of infinite storage, data security, data encryption, data safety, and flexibility & reliability have helped businesses focus on core business drivers, business agility and go to market strategies. Cloud features like fail fast, create quick proof-of-concept have led to innovation and multifold growth creating new products and customized service offerings for our customers in turn creating enhanced customer satisfaction.

While there are multiple benefits of adopting cloud, there are various challenges as well that our Indian businesses need to take care of – prioritization of migration, lack of planning, employee training and unrealistic timelines. One of the common myths among businesses is to have immediate cost savings from their adoption of cloud platforms.

On the contrary, there are costs associated with various challenges outlined above but if implemented strategically, investments will not only have better returns but will help businesses with productivity and scalability.

Cloud providers are providing newsletters, seminars, and conducting various events through which Indian businesses can learn what mature cloud players are doing right and create appropriate internal knowledge within their organization.

Businesses and Educational organizations have a symbiotic relationship – the more businesses will drive cloud adoption the more educational institutions will create cloud ready courses and workforces thus driving better employment opportunities and in turn help India’s economy & GDP.

While India looks forward to becoming 3rd largest economy of the world, it is time for our businesses to evangelize cloud adoption in their organization and create future-ready workforces.
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