Exponential rise of IoT and invisible payments

invisible payments

Exponential rise of IoT and invisible payments

By Fabrizio Burlando Fintech executive and investor focused on payments, innovation and data. Senior Vice President, Region Head Europe, MasterCard Advisors. International FinTech executive and investor, focused on Payments, Innovation and Data. From 2013 he has led MasterCard Advisors in Europe, a 250-people boutique specialised in data-driven insights from the payments world for financial services and retailers. Alumnus of BCG, INSEAD and Yale, he divides his time between Rome and London.

If you’re excited about buying something, it’s not the payment itself you look forward to, it’s the overall experience. The feeling of walking away with a new gadget or item of clothing we’ve been thinking about is what we like to enjoy. Continue reading “Exponential rise of IoT and invisible payments”

New EU data privacy rules could affect business working with AI

AI

New EU data privacy rules could affect business working with AI

Europe’s data privacy rules could drastically affect businesses working with artificial intelligence. The new European Union’s rules related to General Data Protection Regulation (GDPR) will come into effect in May 2018.

The new rules could pose problems for companies who are working with AI and expanding their operations in Europe. The gathering and use of data is fundamental in training artificial intelligence and using the technology to answer questions.

Thanks to the rise of IoT, companies from sports brands to pharmaceutical corporations are gathering more data than ever. The upcoming regulations crack down on data ‘profiling’, the ability of companies to use automation to determine characteristics of individual users. Continue reading “New EU data privacy rules could affect business working with AI”

The rise of automation & AI to trigger a demand in skilled thinkers

skilled thinkers

The rise of automation & AI to trigger a demand in skilled thinkers

There’s another high-level skill that will also be needed. A point raised in the Aspen discussions was the problematic and inherent biases that may be embedded in AI, and thus, too much trust being placed in machines with flawed, or even dangerous, logic. The ability to design inherent biases out of AI systems, and to provide critical thinking over and above automated decisions, is is a skill area that needs to be developed and brought into every organization considering AI.

“With the rise of automation, you definitely have conversations about jobs that are going to be lost,” says Joy Buolamwini, founder of the Algorithmic Justice League at MIT Media Lab. “But I think something we’re not talking as much about is who then become the gatekeepers for the jobs that are there? Even now, you have automated systems going through applications for jobs, looking for specific patterns. Those specific patterns might reflect prejudice in selection from prior decision makers. So now what you do is you embed that prejudice, potentially, if you’re not intentional about checking for bias or trying to take measures to ensure fairness. Data is destiny. If you have biased data, you’re destined to have bias in your outcomes or your predictions if it’s left unchecked.” Continue reading “The rise of automation & AI to trigger a demand in skilled thinkers”

ULE technology underpinning new smart kitchen offering

ULE technology

ULE technology underpinning new smart kitchen offering

At the IFA 2017 electronics trade show, DSP Group® Inc. (Nasdaq:DSPG), a leading global provider of wireless chipset solutions for converged communications, announced that Cloud of Things, the premier connected device management company for the industrial and consumer IoT markets has launched a family of IoT gateways featuring native ULE support based on DSP Group’s ULE solutions. The joint solution has been selected by Howdens Joinery, UK’s largest supplier offitted  hens, to facilitate their innovative connected kitchen initiative. Continue reading “ULE technology underpinning new smart kitchen offering”

AT&T to control vast majority of 5G spectrum, following $1.6bn acquisition

5G spectrum

AT&T to control vast majority of 5G spectrum, following $1.6bn acquisition

For all intents and purposes, it looks like AT&T is going to own a majority of 5G wireless connections in the US. The company has announced that it has acquired Straight Path Communications for $1.6 billion. Not familiar with the name? That’s totally understandable. “Straight Path is the largest commercial holder of the 39 GHz spectrum, with about 95 percent of the total licenses commercially available, as well as a significant holder of 28 GHz in major markets, including New York and San Francisco,” the company’s website reads. Continue reading “AT&T to control vast majority of 5G spectrum, following $1.6bn acquisition”

HPE to work with Tata Communications to support roll-out of India’s first LoRa-based network

Tata Communications

HPE to work with Tata Communications to support roll-out of India’s first LoRa-based network

Today at Mobile World Congress 2017 Hewlett Packard Enterprise (NYSE: HPE) announced it is working with Tata Communications, a leading provider of  A New World of Communications™, to support the roll-out of India’s first LoRaWAN™ (LoRa) based network.

Tata Communications unveiled plans for the LoRaTM network last year. It is part of Tata Communications’ long-term strategy of creating mobile platforms and ecosystems that enable its customers and partners to connect people and IoT-connected devices seamlessly on a global scale. The first phase of the roll-out targets Tier 1, 2, 3 and 4 cities in India, touching over 400 million people. Alongside successful field trials in Mumbai, Delhi and Bangalore, there are also 35 proof-of-concept applications in trial on the network. Continue reading “HPE to work with Tata Communications to support roll-out of India’s first LoRa-based network”

Pushing boundaries of software-defined networks toward next generation of 5G

software-defined networks

Pushing boundaries of software-defined networks toward next generation of 5G. EIT Digital’s director of research, Fabio Pianesi, introduces SoftFIRE, a programme designed to push the boundaries of software-defined networks and network function virtualisation toward the next generation of 5G networks Continue reading “Pushing boundaries of software-defined networks toward next generation of 5G”

2016 is the year the Internet of Things entered the mainstream

Enterprises are spending as much on the Internet of Things as on cloud, mobility and analytics, according to Vodafone’s annual research into the sector.

The operator’s 2016 IoT Barometer found that respondents are dedicating 24 percent of their IT budgets to the IoT.

This is slightly more than is being allocated to mobility (23 percent), cloud (23 percent) and analytics (22 percent).

The survey covered 1,096 people in 17 countries across nine industry verticals. Continue reading “2016 is the year the Internet of Things entered the mainstream”