A lot of speculation goes one around the Western world about the life-cycles and sustainability of different industries, and the topic du jour seems to be the music industry. This debate is just like any similar debate regarding the arts in that it spans a broad spectrum of concerns: from “how do we maintain artistic integrity?” to “how do we make money?”. Of course, the latter end of the spectrum serves only to deliver the former. I’m sure. Questions that often befall our ears or eyes include: How do we stop illegal file sharing of music? Should we stop illegal file sharing of music? Is music owned by the performer, the writer, the producer, the studio? What about music that’s made experimentally? Who owns that? Can artists survive on measly royalties from online streaming alone? Continue reading
We surely see a lot of hype surrounding big data but I believe the following 25 facts speak for themselves and help to paint a realistic picture of the phenomenon we now call ‘Big Data’ – a phenomenon that is changing the world as we know it. Continue reading
‘Big Data’ is on the spotlight at the moment and many say big data is all talk and no action. This couldn’t be further from the truth. With this post, we bring Bernard Marr view, author of Big Data: Using SMART Big Data, Analytics and Metrics To Make Better Decisions and Improve Performance to show how big data is used today to add real value.
Eventually, every aspect of our lives will be affected by big data. However, there are some areas where big data is already making a real difference today. Bernard Marr have categorized the application of big data into 8 areas where he sees the most widespread use as well as the highest benefits. Continue reading
Today there is a huge amount of information produced daily that can be a major source for discovering crimes against humanity, or even to prevent them. For example, the UN and other international organizations are developing complex data processing systems to test this type of crimes. Continue reading
It is a known fact that Education is being impacted by new technologies, however what might be a surprise is how fast it is happening.
The pressure to bring down the costs of maintaining a public or private educational system are key drivers to make the shift.
Worldwide education sector spending is forecast to grow 2.3 percent to reach $67.8 billion in 2015, according to Gartner. This forecast includes higher education as well as primary and secondary schools.
According to Gartner vice president and notable analyst Jan-Martin Lowendahl, traditional educational business models are being fundamentally challenged by digitalization.
Within the number of technical innovations, MR. Lowendahl points out that “Education sector CIOs need to take a broad approach and consider technologies from outside the education community, as well as looking for lessons from their peers. Focus on those that are most appropriate to your institution’s strategy.” Continue reading
In the current economic climate, many people have been looking into alternative investment opportunities. Digital Currencies are a decentralised and use open source technology to trade between users all over the world.
Using social data to predict consumer behavior, or even the value of goods, is nothing new, and many investors have been looking to include social metrics into their trading algorithms. Various academic studies have also highlighted predictive qualities of social data in the equity markets. However, because there are so many factors involved in pricing most financial instruments, it can be extremely difficult to accurately predict how markets will change. Continue reading
While megacities around the world turn to the latest technology to become “smarter”, South Korea, one of the countries at the forefront of technology, is creating what will be the first smart city on the planet: Songdo International Business District.
Songdo will be located only 40 kilometers from the capital Seoul andis the most expensive development project in history, with an approximate cost of 35 billion dollars, mainly provided by the company Gale International and the bank Morgan Stanley.
This smart city of the future will have a 40 percent green space, will be fully interconnected and able to control the use of electricity, water and even the degree of street lighting depending on traffic. Continue reading
I have always argued that I consider insurance to be a form of gambling based on educated guesses. In effect, insurance companies make a bet that, based on the information that you have given to them, you will not need to claim from them. If they calculate those estimates incorrectly then they will have to pay out. This is an industry laden with risk, and the key influencer of that risk is the information that you provide. Have you been in an accident before? How old are you? What is your medical history? Accurate information is the key to success in a global industry that is expected to be valued at $5,563.1bn by the end of 2017.
In recent years we’ve seen insurance companies take advantage of advanced technologies and the big data that comes with them, in order to supposedly deliver a better service to end consumers. We’ve seen the likes of No Nonsense car insurance here in Ireland offering SmartDriver devices to their under 30 customers… Continue reading
The roles of healthcare information systems are expanding due, not only to technology integration in health care delivery, but also with hospital and care center mergers, the creation of integrated delivery networks, increased usage of HIE’s and an increase in the number of patients requiring care. Healthcare organizations, now more than ever, require the flexibility, scalability, and real time delivery of information, knowledge, and services to best facilitate data exchange across the continuum of care.