Big Data Analytics
Blockchain Technology Pushing the Barrier for Distributed Energy Generation in Oil and Gas
Of late, one technology that is set to transform the oil and gas sector is inevitably “Blockchain”, and the blockchain revolution is starting right here and right now. The big task ahead for the oil and gas sector is how swiftly and successfully it can move to take advantage of the many foreseen opportunities that blockchain will bring. For oil and gas value chain, data has gone from an asset to an unutilized overstock. Operators and end users are diving down in data and urgently need a way to control and authenticate resourceful information. Blockchain has tremendous potential to reduce the risk of fraud, error, and invalid transactions in energy trading, make financial transactions more efficient, facilitate regulatory reporting requirements, and enable interoperability as claimed an...
Why It’s Important for Edge Computing to be Open Source
The lid has been blown off the data center, and edge computing is poised to become the dominant paradigm. Consisting of the robots on a factory floor, small servers that are hundreds of feet in the air inside wind turbines, blast-proof servers in an oil field, and many other devices everywhere, edge computing is set to overshadow both cloud and the datacenter as the dominant data driver. According to one analyst firm, 45 percent of IoT-created data will be stored, processed and acted upon close to or at the edge of the network in 2019. Another analyst predicts that 75 percent of enterprise-generated data will be created and processed at the edge by 2022. For the next 5 years, ARC Advisory Group forecasts almost 25% annual growth for edge software platforms. While major vendors may see ...
Increase Your Business Potential Using Blockchain Technology
Often owning a dealership business does not pay you back the way you had hoped it would. For instance, there can be times where you have served a lot of clients but gained nothing more than a few bucks. This is often normal because of the human error, procedural delays and inefficiency due to lack of technology. But would you not like to eliminate these mistakes and boost your business with the help of digital transformation. You would be surprised to know that with the next-gen technology blockchain, this is quite true. What is blockchain? The blockchain technology records the transactions to a digital lender where it is not possible to change or alter them. They are linked with the help of cryptography. The information on the blockchain can be verified easily and is open to the public. A...
AVASANT-NASSCOM India Blockchain Report 2019
The National Association of Software and Services Companies (NASSCOM) launched the findings of the AVASANT-NASSCOM India Blockchain Report 2019, which highlighted the developments in the global and Indian Blockchain market and ecosystem. The report has been developed extensively by incorporating inputs from over 50 industry leading experts and participants of the Blockchain ecosystem. The transformational potential that blockchain possesses has been recognized by enterprises and governments across the world and more than 50 countries have already embarked on initiatives to integrate the technology in their economies, and develop a holistic environment for the same. According to the report, the past year has witnessed a massive surge in investments in blockchain based companies and startups...
SMB and Startups – Engine of Growth and Aspirations
Nascent companies that are in their infancy will work as a mainstream media. What separate the startups from traditional businesses is the capacity to take an idea scrawled into the business for attracting investors and venture capitalist. Large corporations make investments including acquisition & merger in Startups but finds it difficult to venture organically into developing such solutions. It’s interesting to know pretty facets of life that undergoes transformation and not change. Technology-led disruptions are one among the key to this transformation. These disruptions stunned everyone in their own manner whether in personal, social, political, or economic. It’s possible for startups to be an SMB, where nimble and well-funded people need to prepare to push into established markets...
Analytics-Driven Business Improvements Entice Enterprise Cloud Providers to Bring Hardware to Industrial IoT Edge
Enterprise cloud providers, such as AWS, Google, and Microsoft, are targeting the data-rich industrial IoT edge as a primary means of delivering analytics-driven business improvement. The industrial IoT edge is where most of the data necessary for analytics resides, plus there is tremendous value in providing preprocessed analytics output to the cloud – if not executing closed loop ML at the edge itself, even in real-time. Cloud providers are positioning edge offerings to their IT customers based on a common edge development environment and availability of large developer and support ecosystems relative to dedicated automation environments. Extending their reach to the edge further allows cloud providers to leverage their strengths in data architecture, integration, and security. One of...
Best Practices with Blockchain in Industry
Blockchain technology has found industrial applications with clear business benefits. Independent entities with common interests and pain points have improved their operational performance by sharing trusted, immutable data with rapid visibility. Applying Blockchain in industry provides the infrastructure for applications to manage owner-ship, which includes: Identify the asset Identify the owner Secure transfer of the asset from one owner to another Visibility by all participants The decentralized governance in blockchain removes the need for a central authority or third-party intermediary like a broker. These types of entities typically silo the data with limited access by others and require manual methods for sharing (FAX, email or letter). Blockchain provides immediate electronic ac...
How can Data Science make UX Design better?
Web design has evolved a lot especially with coming in of the UX design. UX or User Experience Design is basically a process of product creation involving the complete integration of product i.e. function, usability, design, branding etc. to provide a relevant and smooth experience to users. It does not consider a product as an island or an isolated entity but works through all the stages to give shape to cohesive experiences which are intricately linked to one another. With the entry of data science into this niche, a huge synergy gets created which further modifies and refines the UX design and development. When data scientists and UX designers are brought to one table, it is certain that both the creative process and the results will be fine-tuned. Advantages of bringing together Data S...
Improve Manufacturing Safety with Analytics
Improving safety continues as a concern in manufacturing companies. Automation has helped alleviate some problems, but also allowed companies to push the boundaries of the safety envelope. Over the years, the industry’s safety record has improved overall, but when things go wrong, the consequences are often more severe. It’s time to improve manufacturing safety with analytics. Safety and environmental regulations are becoming more stringent and media scrutiny is increasing. This adds to the pressure of maintaining production, protecting physical assets, reducing insurance and other costs, and – in some cases – avoiding jail time. The tools industry has used up to now have served us well, but it’s time to take it further. Analytic technologies offer new ways to augment t...
How to Use Big Data and Cloud Computing for Your Business?
Today, two of the most popular technologies are Big Data and Cloud Computing that are fundamentally different. On one hand, Big Data is all about dealing with huge data amount. On the other hand, cloud computing is all about handling enterprise infrastructure. Both of these technologies have simplified many business operations together. One of the good examples of the merger of these technologies is Amazon “Elastic Map Reduce” that leverages the power of Big Data Processing and Cloud Computing both. The combination of both technologies yields beneficial outcomes for organizations. However, both technologies are in their evolution phase but the combination of both the technologies may leverage cost-effective and scalable business solutions. So, can we assume that cloud computing and big dat...
