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
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
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”
DMG MORI, Microsoft Japan reach agreement on Smart Factory implementation
DMG MORI and Microsoft Japan Co., Ltd reached an agreement on technological corporation for security of machine tool control systems and implementation of “Smart Factory.”
In a recent trend of rapid globalization of production in the manufacturing industry, “Smart Factory” has been drawing a great deal of attention. “Smart Factory” uses IoT (Internet of the things) technologies that connect every device in a factory via the Internet; analyzes shop equipment information and the sensor data in real time in the cloud; and optimizes production management and quality control. Behind the advancement of technologies, on the other hand, some factories and infrastructure such as power plants have been cyber-attacked, and security of control systems has become one of the most urgent issues today. Continue reading “DMG MORI, Microsoft Japan reach agreement on Smart Factory implementation”
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
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
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. 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”
How reliable can sensor data be? Commercial pollution monitors are attracting plenty of hype, but scientists say buyers should beware. Tom Marshall explains.
New kinds of smart sensor data are hitting the market, and they could transform how we cope with health risks from polluted air by putting information at our fingertips. Asthmatics could stay indoors when sensors show lots of particle pollution; urbanites might skip their evening jog if nitrogen dioxide levels are high. Continue reading “How reliable can sensor data be?”
“SMART Station Amsterdam: Big Data to manage Big Crowds” – Presented by Eelco Thiellier, Royal HaskoningDHV, at Intelligent Sensor Networks Conference, November 15, 2016, at High Tech Campus Eindhoven, The Netherlands.
SMART Station Amsterdam
Appointed by the Netherlands Railways (NS), Royal HaskoningDHV has been accurately measuring the complex pedestrian flows of Amsterdam Central Station since the beginning of May. The insights enable NS to optimise the often complex pedestrian flows. Tracking and counting sensors at the station’s entrances and exits pick up are used, including WiFi tracking from mobile devices, such as mobile phones and tablets.
The practical process how to come to a successful implementation is discussed, with topics like:
– Client questions that can be answered by measuring
– What sensors to use and accuracy of sensors Continue reading ““SMART Station Amsterdam: Big Data to manage Big Crowds” – Presented by Eelco Thiellier, Royal HaskoningDHV”