Monthly News Roundup - March 2018
The following is a compilation of articles from February covering some industry trends and new technology uses like AI and Blockchain.
The beginning of the year often means diving into New Year's Resolutions and working toward bettering yourself and your brand. But the path to improvement is rarely an easy one, especially in the tech industry, where companies of all sizes must adapt to rapidly evolving processes and standards. With proper planning and focus -- and a strong team to back you up -- you'll be able to lead your business to success in 2018.
Unlocking the Blockchain Potential – SDTimes 2/5
A new and emerging technology is hitting the ground running, and creating a frenzy in the industry. Bitcoin. Cryptocurrency. Initial Coin Offering (ICO). These are just some terms being seen in the headlines every day lately, but the real importance is the technology behind these terms: Blockchain. Blockchain is a new technology that has been taking the industry by storm. Just the mere mention of blockchain can send stock prices soaring. According to Gartner, a blockchain is “a shared, distributed, decentralized and tokenized ledger that removes business friction by being independent of individual applications or participants.
6 Ways Financial Institutions Can Use AI – BizTechMagazine 2/15
From fraud detection to compliance, analytics powered by artificial intelligence can make a big difference for banks, credit unions and other finance industry players. Financial institutions use artificial intelligence in a variety of ways, ranging from traditional analytics targets to innovative applications of AI technology. Those seeking to improve their analytics capabilities often begin by conducting a data inventory and then aligning that inventory with business requirements to identify opportunities where analytics can make a powerful difference for the business. Common use cases for AI in the financial sector include fraud detection, portfolio management, sentiment analysis, product recommendations, customer service and compliance.
By 2030, a major portion of ERP-related work may be handled by machines. These systems will increase in capability as the amount of data grows and as AI advances. Human-machine interactions will play a major role in business, and well before then. The importance of human-machine interactions to business was ranked very high by the respondents participating in research by Dell Technologies and the Institute for the Future. The report is based on a survey of nearly 4,000 business leaders. More than eight in 10 (82%) overwhelmingly agreed that they "expect humans and machines will work as integrated teams within their organization inside of five years.