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Showing posts from January, 2020

Understand the fundamentals of Delta Lake Concept

You might be hearing a lot about Delta Lake nowadays. Yes, it is because of it’s introduction of new features which was not there in Apache Spark earlier. Why is Delta Lake?If you check here, you can understand that Spark writes are not atomic and data consistency is not guaranteed. When metadata itself becomes big data it is difficult to manage data. If you have worked on lambda architecture you would understand how painful it is to have same aggregations to both hot layer as well as cold layer differently. Sometimes you make unwanted writes to a table or a location and it overwrites existing data then you wish to go back to your previous state of data which was tedious task. What is Delta Lake?Delta Lake is a project that was developed by Databricks and now open sourced with the Linux Foundation project. Delta Lake is an open source storage layer that sits on top of the Apache Spark services which brings reliability to data lakes. Delta Lake provides new features which includes ACID ...

How Purpose-Driven Tokenisation Will Enable Innovative Ecosystems

Tokens have been around for 1000s of years, but only recently have we seen the rise of digital tokens. Now, cryptographic tokens offer us an opportunity to redesign value streams and hence existing ecosystems. A well-designed token ecosystem unlocks value by bringing parties together in new ways and stimulates the target behaviour by having cryptographic tokens as built-in incentives. Tokens matter and offer us a chance to redesign existing and new ecosystems.  On January 14, 2020, we had the second round table session organised by the 2Tokens initiative. The 2Tokens project aims to clarify the path to realising value from tokenisation. During the first round table session, we discussed why we need tokenisation, what is required to achieve value from tokenisation, and how we should move ahead with it. The objective of the second round table discussion was to understand the challenges faced when designing new, token-driven, ecosystems; what is needed to enable purpose-driven tok...

What Difference Will 2020 Bring for a Data Scientist

Data science, the term still sounds fancy in today’s tech industry. However, in reality, it has been around this universe for nearly a hundred years now. In the 1970s, Bayern's theorem taught that having an initial belief with the help of newer data would lead toward a path of improved belief. A career in data science would be an ideal career choice in the job market. It is said that between the years 2011 to 2012, job postings for data scientists increased to 15,000%. The job role of a data scientist is to use the data, analyze it by using different tools and technologies turning these big data into actionable insights. Though it sounds simple, the task and responsibilities that these data scientists take up are challenging. For someone looking to make a career in data and analytics, these are the job roles that are currently in-demand – data scientists, citizen data scientists, data engineers, and AI hardware specialists. Here’s how data science will look in 2020: - AI and machin...

Five Ways Big Data is Invaluable to Launching an Online Business

Big data is incredibly valuable for businesses. The market is expected to reach $274 billion in the next two years. Online businesses in particular stand to benefit from big data, due to the logistics of their business models. Every entrepreneur has some sort of online presence these days since most of us are on social media or have our own website. The good news is that big data is making it easier to create a successful business model. It’s become so easy for people to host and share their ideas online that having your own website is now actually pretty common. It doesn’t have to be the full-time gig it used to be - a lot of people run them alongside their day jobs, whether it’s for a hobby or even a means to make an easy side hustle. You can make things even easier by using big data to automate many aspects of your business. Anyone can make a website but if you’re looking to make it profitable or make it the basis for your online business, you’ll want to take it more seriously...

Data Lineage - How the History of Your Data can Influence the Future of Your Business

Almost every single industry has been revolutionized to at least some degree by data processing. Whether you manage a local restaurant or a massive distributorship, there's a good chance that you've recently made several decisions based on the availability of data that you previously lacked.Fewer people are paying attention to where their data is coming from, however. In fact, business owners who rely on databases are likely to accept everything they read as the truth. Unfortunately, they don't realize that there are certain coding tolerances involved with collecting information on any digital device.In some cases, an insecure system can actually suffer from bogus information as well. That makes data lineage extremely important to ensure that you are getting the most accurate numbers possible.Implementing a Data Lineage PlanQuite a few people are probably asking the question "what is Data Lineage" because, at the moment, few organizations are investing much into t...

Data Science: Breaking Down The Data Silos

In today’s digitized economy, the capability to utilize data represents a real and indispensable competitive advantage. Organizations are using advanced technologies to unbolt the true value of their data. This allows them to make smart decisions, accelerate innovation, serve up better customer experiences, and respond to problems faster. The main issue standing in the way of transforming the deluge of big data into decision-making is- Data Silos. Presently, every department has its data repository which is isolated from the rest of the organization, resulting in - many conflicting versions of the truth. Silos have made it difficult to analyze, manage, & activate data. So, here we are to discuss how you can break down the Silos and activate the power of Business. What are Data Silos? Data silo refers to independent sets of data within an organization. Often aligned to either IT systems or business functions, data silos are where only a limited group of people have knowledge o...

Analytics and Artificial Intelligence – A Blue Ocean of Opportunities

“A whole new world …” the lyrics go as Aladdin flies up in the skies on his magical carpet. Yes, a childhood nostalgia, but yes today it can become a business reality. Yes, of course, with the winning combination of Analytics and Artificial Intelligence (AI). Any business today, you name it, encounters a highly competitive landscape. However, the data that it generates, both structured and unstructured, has a kind of a digital footprint, which can be thoughtfully analyzed and utilized. Though, you need that vantage point to correlate the dots and create the bigger picture. It is the same bird’s eye view, which the above lyrics hint at and allows you to join the dots to identify those blue ocean opportunities. How does this technology combination work? Businesses typically have their own enterprise data management platform to manage, store, and retrieve their multi-structured data. They can use Analytics and AI on top of it to correlate their data sets and come up with evolving bu...

AI Initiatives in Manufacturing Often Loosely Defined, Survey Finds

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By AI Trends Staff Many AI initiatives are loosely defined, lack proper technology and data infrastructure, and are often failing to meet expectations, according to a new report from Plutoshift on implementation of AI by manufacturing companies. A supplier of an AI solution for performance monitoring, Plutoshift surveyed 250 manufacturing professionals with visibility into their company’s AI programs. Overall, the survey found that manufacturing companies are gaining experience while taking a measured approach to implementing AI. Among the specific findings: 61% said their company has good intentions but needs to reevaluate the way it implements AI projects; 17% said their company was in full implementation stage of their AI project; 84% are not yet able to automatically and continuously act on their data intelligence, while some are gathering data; 72% said it took more time than anticipated for their company to implement the technical/data collection infrastructure needed to...

Federal Government Adoption of AI and RPA Spreading; Bots Coming to GSA

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By AI Trends Staff Surround the legacy platforms with a wrapper of automated processes, produced with a combination of AI and RPA — in part to avoid the expense of replacing the legacy platform — is an approach being widely adopted in the federal government today. RPA is a form of business process automation that “employs” software robots, increasingly imbued with more AI, to do work. The government is also now pursuing Intelligent Process Automation, the application of AI and other technologies — such as computer vision, cognitive automation and machine learning — to RPA. “Many civilian and federal agencies’ use of information processing, process improvement, and intelligent character recognition have led to the use of AI in robotic process automation (RPA),” stated Anil Cheriyan is Director/Deputy Commissioner, Technology Transformation Services for the US Federal Government, in a recent account in the Enterprisers Project . “We see a significant opportunity to use AI and RPA to ...

Dementia Drivers and AI Autonomous Cars

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By Lance Eliot, the AI Trends Insider Do you know someone that seems to be progressively forgetting things and their mind cannot remain focused on matters at-hand? I’m not referring to the occasional moment whereby you might get distracted and misremember where you left your keys or where you put the TV remote. We’ve likely all had those moments. I knew a friend in college that every time he noticed that someone else had lost something or misplaced an item, he would jump right away to the classic “have you lost your mind” and seemed to overplay the rather hackneyed phrase (it became an ongoing irritant to those of us that interacted with him regularly). It is easy to leap to foregone conclusions and falsely suggest that someone has a systemic mental failing. Typically, regrettably, as we get older, humans do though tend to genuinely have a kind of mental decay and their brains sadly begin to deteriorate. There are an estimated 5 million people in the United States that are curre...

AI Driving Personalization Efforts at Restaurants; Dynamic Drive-Thru Menus Coming

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By AI Trends Staff AI is no longer an under-the-radar experiment in the restaurant business, with many chains making substantial investments and headway with AI apps that seek to advance customer personalization. Taco Bell, for example, is incorporating AI into its mobile app used by five million customers, through a partnership with Certona, a personalization engine, according to a recent account in Forbes . The app relies on machine learning to present content to users based on their individual behavior. It can differentiate menu items and pricing based on geographic region. “Instead of displaying generic, or static, product recommendations, we use Certona’s AI engine to determine what the best products are to display to a customer,” stated Derrick Chan, Taco Bell’s director of e-commerce. “So, for example, if it is a first-time user, we are mostly factoring in overall sales data, such as what four items best sell with the item currently being viewed.” Chan said. He compared it ...

As in Business, Cloud Strategy for Government Agencies Must Be a Fit

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By AI Trends Staff Public sector technology executives know they need to modernize, while accounting for cybersecurity and trying to reduce costs. This often results in a push to pursue a cloud strategy, and in doing so, the same principles apply for a federal government agency as for a private business: find the best fit. The General Services Administration (GSA) is working through a cloud transformation. GSA CIO Dave Shive, in an account from Meritalk , said the cloud strategy needs to fit the business needs and take agency resources into account. He can provide lessons in setting up a transition based on his agency’s experience. “There’s no one size fits all. Cloud does and will continue to look different for every agency,” Shive stated at Cloudera’s recent Data Cloud Summit. “Agencies should take time to resource, scale, cloud adoption—both time and resources—to best meet their respective missions.” David Shive, CIO, GSA The GSA ended up closing all 121 of its data centers ...

Five Ways Big Data is Invaluable to Launching an Online Business

Big data is incredibly valuable for businesses. The market is expected to reach $274 billion in the next two years. Online businesses in particular stand to benefit from big data, due to the logistics of their business models.Every entrepreneur has some sort of online presence these days since most of us are on social media or have our own website. The good news is that big data is making it easier to create a successful business model.It’s become so easy for people to host and share their ideas online that having your own website is now actually pretty common. It doesn’t have to be the full-time gig it used to be - a lot of people run them alongside their day jobs, whether it’s for a hobby or even a means to make an easy side hustle. You can make things even easier by using big data to automate many aspects of your business.Anyone can make a website but if you’re looking to make it profitable or make it the basis for your online business, you’ll want to take it more seriously than jus...

Data Lineage - How the History of Your Data can Influence the Future of Your Business

Almost every single industry has been revolutionized to at least some degree by data processing. Whether you manage a local restaurant or a massive distributorship, there's a good chance that you've recently made several decisions based on the availability of data that you previously lacked.Fewer people are paying attention to where their data is coming from, however. In fact, business owners who rely on databases are likely to accept everything they read as the truth. Unfortunately, they don't realize that there are certain coding tolerances involved with collecting information on any digital device.In some cases, an insecure system can actually suffer from bogus information as well. That makes data lineage extremely important to ensure that you are getting the most accurate numbers possible.Implementing a Data Lineage PlanQuite a few people are probably asking the question "what is Data Lineage" because, at the moment, few organizations are investing much into t...

Data Science: Breaking Down The Data Silos

In today’s digitized economy, the capability to utilize data represents a real and indispensable competitive advantage. Organizations are using advanced technologies to unbolt the true value of their data. This allows them to make smart decisions, accelerate innovation, serve up better customer experiences, and respond to problems faster. The main issue standing in the way of transforming the deluge of big data into decision-making is- Data Silos. Presently, every department has its data repository which is isolated from the rest of the organization, resulting in - many conflicting versions of the truth. Silos have made it difficult to analyze, manage, & activate data. So, here we are to discuss how you can break down the Silos and activate the power of Business.What are Data Silos?Data silo refers to independent sets of data within an organization. Often aligned to either IT systems or business functions, data silos are where only a limited group of people have knowledge or access...

Analytics and Artificial Intelligence – A Blue Ocean of Opportunities

“A whole new world …” the lyrics go as Aladdin flies up in the skies on his magical carpet. Yes, a childhood nostalgia, but yes today it can become a business reality. Yes, of course, with the winning combination of Analytics and Artificial Intelligence (AI).Any business today, you name it, encounters a highly competitive landscape. However, the data that it generates, both structured and unstructured, has a kind of a digital footprint, which can be thoughtfully analyzed and utilized. Though, you need that vantage point to correlate the dots and create the bigger picture. It is the same bird’s eye view, which the above lyrics hint at and allows you to join the dots to identify those blue ocean opportunities.How does this technology combination work?Businesses typically have their own enterprise data management platform to manage, store, and retrieve their multi-structured data. They can use Analytics and AI on top of it to correlate their data sets and come up with evolving business tr...

How AI and IoT will revolutionize shopping in the future?

Let me take you 20 years back when online shopping just kicked off and started to gain popularity. And now, 20 years later it is at the boom when everything can be bought in just one click from anywhere. Not only that, computers have become powerful plus cheaper and the internet faster. I am not only talking about metropolitan areas! Technology and its roots have spread everywhere. Online shopping might rock at this particular time but digital shopping is something which is rising slowly too. Artificial intelligence (AI), augmented reality (AR), virtual reality (VR), and the Internet of Things (IoT) are all the driving forces to revolutionize slash change the way we shop.The Internet of ThingsThis is not as scary as the term sounds. Instead, we all are using it and getting advantages from this keyword, which is called the 'Internet of Things.' From Amazon’s Echo to Google Assistant, you have used these devices to play a song early morning, getting news or look up the weather. T...

Bengaluru: A Gateway of South Indian Delicacies

Bengaluru is well known for its South Indian delicacies, however, with an emergence and demand for North Indian delicacies have kept the city to delight with taste. Bengaluru is an inconsistency on each turn. It is as yet reminiscent of the tired old town which was out of the blue tossed into the bewildering universe of a clamoring metropolitan. Old Bangloreans frequently regret the populace that came pouring in with the city turning into an IT center point, and all the more as of late, a startup center point. Traffic turned into a bad dream in a city where the sentimental rear ways couldn't deal with the swelling weights of a huge number of extra vehicles. Be that as it may, with any change, there additionally come its very own arrangement of points of interest which you can also explore in your city by ordering with Ovenstory Coupons. Here are few things that we recommend you attempt when in the city: Local Meals at Vidhyarthi Bhavan This is an old most loved and one you should a...

How Artificial Intelligence in Enhancing Digital KYC?

Artificial Intelligence has many innovative solutions that cover different sectors and transform facilities like Know Your Customer (KYC) and Anti-money Laundering (AML) standards. AI systems are managed which help in tracking the malicious transactions and associated present and future risks based on the overall monitoring perspectives which ultimately help in combating risks of fraud. To know what is cooking inside the system an intelligent decision making is required that comes up with observations that seem dangling from the legitimate path.With AI technology the identification of high-risks has become easy. To perform multitasking that can be replaced with human efforts that are utilized for manual processing by AI. AI not only saves them money but efforts and valuable time of employees can be spared to put in some other productive organizational tasks. The knowledge of Natural Language Processing (NLP) and Machine Learning (ML) is being used by AI so this hybrid technology enhanc...

Machine Learning Can Assist with Five Year Balance Sheet Forecasts

Machine learning is making many business processes much easier. A growing number of companies are using machine learning to create more accurate financial documents by leveraging sophisticated machine learning technology.The most astute entrepreneurs are using machine learning to predict the future equity on their balance sheets. This can be very useful for business owners that intend to solar companies over the next few years. While I was working on my MBA, the majority of my classmates agreed that their most hated class was financial management. The average person does not have the aptitude for math needed to create complicated financial documents. Even the mathematically gifted people that choose the financial track of the business world tend to get burnt out performing extensive calculations. The financial forecasting process is one of the least liked aspects of business. Business professionals that don’t enjoy this process are compelled to use technology to minimize the challenges...

Object Transplants Can Confound AI Machine Learning And Autonomous Cars

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By Lance Eliot, the AI Trends Insider Have you ever seen the videos that depict a scene in which there is some kind of activity going on such as people tossing a ball to each other and then a gorilla saunters through the background? If you’ve not seen any such video, it either means you are perhaps watching too many cat videos or that you’ve not yet been introduced to the concept of inattentional blindness or what some consider an example of selective attention. The gorilla is not a real gorilla, but instead a person in a gorilla suit (wanted to mention this in case you were worried that an actual gorilla was invading human gatherings and that the planet might be headed to the apes!). Overall, the notion is that you become focused on the other activity depicted in the video and fail to notice that a gorilla has ambled into the scene. Gorilla On The Mind When I tell people about this phenomenon, and if they’ve not yet seen one of these videos, they are often quite doubtful that ...