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Emerging tech

Do you know what is powerful real-time analytics?

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In the Digital age today, world has become smaller and faster. Global audio & video calls which were available only in corporate offices, are now available to common man on the smartphone. Consumers have more information of the products and comparison than the manufactures at any time, any place, and any device. Gone are the days, when organizations used to load data in their data warehouse overnight and take decision based on BI, next day. Today organizations need actionable insights faster than ever before to stay competitive, reduce risks, meet customer expectations, and capitalize on time-sensitive opportunities – Real-time, near real-time. Real-time is often defined in microseconds, milliseconds, or seconds, while near real-time in seconds, minutes. With real-time analytics, the m...

NASSCOM partners with Georgia Tech to promote IoT innovation

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NASSCOM will now collaborate and promote innovation in IoT space in partnership with Georgia Institute of Technology. Centre of Excellence for Internet of Things (COE-IoT) of NASSCOM will work closely with Georgia Tech’s Atlanta-based Center for the Development and Application of Internet of Things Technologies (CDAIT). Sanjeev Malhotra, CEO of COE-IoT said The disruptive nature of IoT will have a major impact in all areas of the consumer’s life – across all industries including industrial, healthcare, agriculture and smart homes. IoT will also be used across these industries to improve productivity with minimum usage of natural resources. Sanjeev also hopes that the partnership will counter the current protective sentiments prevalent in US. When people at a ground level are collaborating,...

Moving to Predictive Maintenance with IIoT in Power Transmission Substations

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The presentation “Moving to Predictive Maintenance” was given by Jeff Fleeman, Director, Advanced Transmission Studies & Technologies, American Electric Power, during the ARC Forum session, “Moving to Predictive Maintenance with Industrial IoT (IIoT).”  He focused on predictive maintenance for power transmission substations.  Electric power is one of the most mature industries for maintenance practices, with uptime a key objective enforced by the associated regulatory agencies.  American Electric Power (AEP) has been in this industry for over 100 years, and is now the largest power transmission owner in the USA with over 40,000 miles of transmission lines and 3,500 associated T&D substations in 13 states. Business Driver The design of the transmission network has built-in redundanc...

Making decision models more realistic

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Leveraging internal data has been around for years. With the explosion of digital and social media, Organizations realized that by tapping all the data that streams into their businesses, they can significantly enhance the value they get from data. The insights from analytics and the ability of machines to crunch voluminous data has led to ‘data-driven’ decisions, be it – strategic, enhancing customer experience, increasing revenue, developing efficient systems & processes, risk management et al. Predictive Analytics – What’s the Problem? Analytics, itself have evolved. Predictive and prescriptive analytics have become mainstream. In the banking sector, scoring models help firms determine whether to extend a loan, amount of credit, interest rate etc., based on an applicant’s profile, c...

7 (plus 1) Predictions for Healthcare IT in 2017

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I review my predictions for 2016, and offer a set of predictions for 2017 (while duly acknowledging that some things are unpredictable). Last year, I had made five predictions for healthcare information technology in 2016. In this, my final post of 2016, I will be reviewing how my predictions turned out, and update the outlook for 2017. As I write this, President Obama has just signed into law the 21st Century Cures Act, a remarkable achievement coming out of a bipartisan effort that creates funding for the cancer moonshot and aims to reduce FDA regulations, among other things. Healthcare IT is likely to get a boost from the increased focus on data for research and outcomes. Here’s a review of my five predictions for 2016, along with two new predictions for 2017 — and a caveat. 1: In...

The Promise of Cognitive Computing

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Since the beginning of modern times, industry has been challenged with applying expertise consistently throughout the organization. Demographic trends and new technological advances promise to challenge the way industry approaches business. To stay competitive, industrial organizations will need to embrace new applications like cognitive computing, or simulating human thought processes in a computerized model. Consistent Application of Expertise Through the ages, men and women have sought methods to improve their situation based on what they learned. Ideally, the lessons learned today are rolled into the decisions of tomorrow. Parents teach children their experiences and conclusions with the expectation that the children will utilize and build upon that knowledge. When contemplating new ch...

Want to know how to choose Machine Learning algorithm?

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Machine Learning is the foundation for today’s insights on customer, products, costs and revenues which learns from the data provided to its algorithms. Some of the most common examples of machine learning are Netflix’s algorithms to give movie suggestions based on movies you have watched in the past or Amazon’s algorithms that recommend products based on other customers bought before. Typical algorithm model selection can be decided broadly on following questions: How much data do you have & is it continuous? Is it classification or regression problem? Predefined variables (Labeled), unlabeled Data class skewed? What is the goal? – predict or rank? Result interpretation easy or hard? Here are the most used algorithms for various business problems: Decision Trees: Decision tree output ...

IIoT-Enabled Oilfield Operations Management Systems Empowering Operators and Independent E&Ps for the Better

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ARC has been blogging over the last couple years about how IIoT-enabled solutions are providing material improvements and business value to owner-operators and independent E&P forms in the upstream oil & gas segment. Companies in the oilfield have the greatest opportunity to benefit from investments in automation and IIoT-enabled solutions that can help them realize operational excellence. The global upstream oil and gas segment has been suffering an unprecedented downturn for more than two years, which has seen CapEx reduced by over $700 billion since the summer of 2014 and the number of bankruptcies exceed well over 100 companies. Layoffs are exceeding 350,000, and a growing wave of consolidation in the upstream segment has also created an environment in which companies are being...

Lars Thomsen’s take on the the tipping point in AI , Solar, EVs and Human Values

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Lars Thomsen is a well know futurist who has said that the next five years will witness the end of stupidity. And he is not talking about humans !. He is talking about dumb machines being replaced by intelligent ones. In this excellent talk he elaborates on the the tipping points related to AI, energy, Evs and human values in the next 520 weeks. A must watch. https://www.youtube.com/watch?v=p2UzXH0ecbU

How do free classified website generate revenue?

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Display Ad has traditionally been an important revenue source for most digital media, however a few classifieds offer show in more imaginative structures. High movement volumes and clients looking on city and classification levels make it conceivable to offer focused in plain view on Geo and intrigue. For specific brands who have achieved a champ takes all position (e.g. OLX and Presskr) show has demonstrated to have a higher development on versatile where professional stores/boutiques pay for being a piece of hunt records in pennant positions, now and again with a slight postponement for expanded presentation.