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Using AI, IoT and Big Data to Deliver Digital Twins

The emergence of “digital twin” technology will revolutionize how industrial enterprises approach manufacturing operations. Digital twins unite physical entities with virtually-modeled “twins” based on technologies like AI and Big Data derived from IoT sensors, ultimately improving the design and execution of manufacturing and maintenance life cycles as well as creating new revenue streams and services. Vince is a platform and product executive spanning cloud, mobile, big data, analytics, and artificial intelligence offerings. He is a leader of global product management, design, and GTM teams that consistently delivered outstanding business results.

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Building smarter services on the blockchain

Like their conventional counterparts, smart contracts define an agreement between parties that is binding. Payments from one party to another can be scheduled to process on a particular date, or triggered by a set of predetermined conditions. But while paper contracts are bound by law and subject to interpretation by legal professionals, smart contracts are secured by the blockchain.

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Six ways that IoT is reshaping today’s insurance proposition

Global insurance industry is entering a distinct phase of disruptive change driven by the Internet of Things (IoT). While the insurance industry has undergone significant technology-driven change in the last fifteen years, the basic insurance modus operandi has remained the same. However, as the industry enters this new phase, emerging IoT-based insurance propositions threaten to undermine today’s long established insurance offerings particularly in some of the largest mainstream sectors.

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Blockchains for Big Data

Now, big data technology is quietly transforming every enterprise backend on the planet. For example, in many places “data warehouses” of relational databases are getting replaced by “data lakes” running big data software. More than $100B annually is going towards big iron compute clusters, the software on top, and the services to keep it all running smoothly.

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Five Lessons On Making The Leap From Big Data To Wise Decisions

Success depends on not just great data but also on how well the enterprise coordinates its efforts to realize benefits that are greater than the sum of individual contributions. Here are a few key lessons and guidance on how to bridge the chasm that too often separates big data and wise decisions.

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AI May Soon Replace Even the Most Elite Consultants

In today’s big data world, AI and machine learning applications already analyze massive amounts of structured and unstructured data and produce insights in a fraction of the time and at a fraction of the cost of consultants in the financial markets. Moreover, machine learning algorithms are capable of building computer models that make sense of complex phenomena by detecting patterns and inferring rules from data — a process that is very difficult for even the largest and smartest consulting teams. Perhaps sooner than we think, CEOs could be asking, “Alexa, what is my product line profitability?” or “Which customers should I target, and how?” rather than calling on elite consultants.

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The smart thing to do: practical applications of monetizing big data in finance

In financial services, the dangers associated with monetizing big data are nearly as great as the rewards. The promises of machine learning, data science and Hadoop are tempered by the realities of regulatory penalties, operational efficiency and profit margins that must quickly justify any such expenditure.

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How Blockchains Could Transform Artificial Intelligence

Blockchain technology could transform AI too, in its own particular ways. Some applications of blockchains to AI are mundane, like audit trails on AI models. Some appear almost unreasonable, like AI that can own itself — AI DAOs. All of them are opportunities. This article will explore these applications.

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Every company will use blockchain by 2027 - here’s how.

In this article, we discuss five different ways blockchain will fit into your company in less than ten years from now. So let’s start with the basics: what is blockchain exactly? Put simply, a blockchain is a database. It’s an ever-growing database of different kinds of data and it has quite remarkable properties:

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Internet of Everything: The IoT Market Is Projected to Expand 12x from 2017–2023

The proliferation and ‘smartening’ of IoT-driven devices is projected to reach a market cap exceeding $195 billion in 2023, according to analysts at ReportsnReports. From a market of $16 billion in 2016, this growth is mainly fueled by the increasingly ubiquitous manufacturing of smarter in-home, mobile, and transportation devices — and the need to capture that data and enhance communication infrastructure. 

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Understanding Ethereum — a full guide

Ethereum is the subject of a lot of hype lately. It is praised by some as the new internet or the world’s computer and criticised by others as a platform that enables widespread scams and ponzi schemes to thrive. I see badly informed articles about Ethereum, smart contracts, DApps, DAO’s, ICO’s and tokens on the daily so it is time to analyse the subject. I will present the argument that Ethereum might form the main protocol enabling the ‘internet of value’.

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Blockchain is empowering the future of insurance

The future of insurance could flourish through an intelligent adoption of Blockchain, with applications in digital currencies, fraud solutions and smart contracts. Large insurers have the potential to benefit immensely. However, its implementation will mean that insurance companies will have to change their underwriting process, the structure of the policy, as well as risk underwriting.

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From Tech Titans To Blockchain Billionaires

A growing cadre of people are recognizing that blockchain is in fact the “killer app” of the digital currency era, going as far as likening it to a foundational technology. A growing number of entrepreneurs and investors are crowding in to the blockchain space all seeking to answer the core question: “If blockchain could not exist without the internet, what could not exist without blockchain?”

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2017 is the Year IIoT Becomes Normal

The IIoT offers the potential for significant improvements in manufacturing productivity and quality by providing information on every aspect of productive assets while enabling people and programs to make the necessary adjustments to optimize their performance. 

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Why Bitcoin and Ethereum will soon be everywhere (for reals)

This article will help you get a better grasp of the future of cryptocurrency. After you finish it, you’ll clearly see how these technologies are poised to join the mainstream. So, when will this dizzying race come to an end? Is there real value in the blockchain craze? Can it possibly live up to the expectations created by so many rivers of newsprint?

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Why the largest insurance companies are pouring into Silicon Valley

Insurance is on the verge of a massive overhaul. Many technologies have changed the way consumers buy and use their most valuable assets, so shouldn’t their policies change too? Drones armed with high-tech sensors, IoT and big data analysis provide vast amounts of additional information to insurers. Technologies like AI and new distribution models streamline the way customers interact with their providers.

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Companies need to stop AI-washing their products

For today’s consumers, it’s not necessarily the technology itself that’s most important but rather the impact that the technology has on the lives of their users. That’s why it’s frustrating for me to see companies that tout AI in the marketing of their products and services, as opposed to the experience that AI offers.

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Blockchain Could Make the Insurance Industry Much More Transparent

A trust and efficiency engine like blockchain technology has the potential to drive radical change in the insurance industry while improving transparency and outcomes across the entire value chain. Intermediaries or “trust brokers” do not have to be written out of the equation — or disintermediated — as many blockchain enthusiasts argue. Rather, they can become early adopters of the technology. 

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Crypto PR: How to publicize your blockchain startup to a successful ICO and beyond

I am sure you’ve heard of blockchain and crypto currencies. Blockchain’s all over the place and promises to disrupt the world as we know it. However, in order to do that, blockchain startups, like all other startups, need a solid PR strategy to get off the ground and make a name for themselves.  So how do you publicize a blockchain startup? 

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The pitfalls of data science (and how you can avoid them)

As you deal with ever more complex data questions, I hope you set yourself up for success by first, being aware of the potential missteps you might take and how much they might cost, and secondly, by setting up systems and processes so that with each iteration, you bring down the number of potential mistakes, and so the cost.

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Here’s how blockchain could work as your identification

Recently at the C/O POP convention in Cologne, Germany, a round-table featuring specialists in Blockchain and Cryptography was examining ideas to change the web to User-Centric Identities and rebuild its architecture. When Joachim Lohkamp, CEO at Jolocom, had mentioned on stage that “we should claim our digital sovereignty”, it sounded inspiring and reasonable.

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Personalized Customer Analytics: The Key to the Future

Leading financial services companies do an excellent job of building products that leverage their scale of operations and access their vast customer base. Now they must flip that equation and instead of focusing on the similarities among their customers, they will need to focus on what is unique about each of their customers. To be successful in this new environment, they will need to understand individuals and predict what will be the best offer, at the right time and price, through the right channel.

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Why Ethereum is outpacing Bitcoin

While Bitcoin is currently trading at close to its all-time high, its dominance in terms of proportion of total cryptocurrency market cap is rapidly decreasing — ground largely given up to Ethereum. This shift is probably being driven by a few factors. Despite its recent appreciation in value, as a technology, Bitcoin has stagnated over the last three years. Two rival factions have emerged with violently opposing views on what should be done to allow the Bitcoin network to handle more transactions than it can right now. 

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Everything you need to know about ICOs

An ICO is not just a new way to raise money. It’s also a new way to get customers and create network effects in business. Tokens are fantastic, and when you understand what they are capable of accomplishing, you’ll have your mind blown. When a company sells a token in a crowdsale, they get three things in return — investors, customers, and evangelizers. What else, as an entrepreneur, could you possibly want?

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