IDG Contributor Network: Welcome to the edge era: where a second lost on the network has insurmountable consequences
By Norman Rice
The next great leap forward in progress will be marked by an exponential growth in connection and connectivity. As sensors become smaller and more energy efficient, mobile devices become more capable and our networks become more robust, industries as disparate as healthcare, transportation, education, government and entertainment will find opportunities for new efficiencies, new ways of interacting with consumers and transformative approaches to serving their communities.
In short, advancements in network technology are helping us achieve great things. We’re seeing the well documented benefits of agility, reliability and performance of networks in healthcare, where wireless networks are supporting complex EHR systems and M2M communications are delivering moment-to-moment information on patient status and improving health outcomes. There’s also been an emergence of new educational (and job) opportunities provided via emerging eSports programs in K-12 and higher education settings.
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Cryptocurrencies Are Here To Stay – Here Is Why You Need To Cuddle Up To The Digital Currency Revolution
Cryptocurrencies Are Here To Stay – Here Is Why You Need To Cuddle Up To The Digital Currency Revolution
Over the years, cryptocurrencies have received criticism from left right and centre and especially from the governments of different countries. These digital currencies were even viewed as insecure and ways by which unscrupulous business could obtain funding. Several cryptocurrencies like Bitcoin have been implicated in many issues, making some governments sceptical about them. Some governments have ended up banning cryptocurrencies in their countries. However, according to Wilkins Finance’s top cryptocurrency specialists, this digital innovation is fast becoming a mainstream way of working with modern-day capital.
But with time, the cryptocurrencies are gaining popularity with more and more people embracing them. Most governments have started warming up to them although with great caution especially due to their vulnerability to hacking by internet hackers. Hardly will a month pass by without hearing an incident of a crypto wallet or website being hacked. And whenever hacking occurs, there are always some funds that get lost meaning people end up losing their savings to the hackers.
However, even with the security issues facing cryptocurrencies, people are still finding them more attractive as investments. Most cryptocurrencies have put in place very strict security measures like two-factor authentication to ensure the security of the users.
Two-sided currencies
Cryptocurrencies are two-sided. They act as digital currencies and their blockchain networks are used in solving real-life problems. Every cryptocurrency has a digital coin or token for transacting within the cryptocurrency’s blockchain network. This digital currency is used as a currency to pay for services or goods just as you would do with any other form of money. The digital coin or token has a certain value attached to it.
For example, Bitcoin is worth $7890; meaning that one Bitcoin is equivalent to $7890 US dollars. So owning one Bitcoin is like owning $7890 US dollars. Nowadays, cryptocurrencies are also being used to buy goods and pay for services even outside their blockchain networks. You can purchase anything that you wish to purchase using a cryptocurrency provided that the worth of your crypto coins is equivalent to the value of what you are purchasing and that the seller agrees to be paid in cryptocurrencies.
Cryptocurrency programming
Cryptocurrencies are programs meaning they can be altered at any time. It makes them very adaptive to conditions since they can be updated to fit any market conditions depending on the demand of the users. Most cryptocurrencies have communities which involve their users. These communities are very much involved in making decisions when it comes to updating the cryptocurrency networks.
The crypto wallet innovation
To transact in any cryptocurrency, an individual will, however, require having a crypto wallet that is compatible with the underlying crypto coins. The crypto wallet is where you store your crypto coins and you can send and receive crypto coins into it. Also, you can convert the crypto coins in your wallet to your local fiat currency for other uses.
Modern-day problem solving
The blockchain networks of cryptocurrencies are developed to solve a specific problem. Every cryptocurrency has a number of uses. For example, there are cryptocurrency networks which have been designed to help decentralise digital content creation like the TRON cryptocurrency. Others, like the IOTA, are developed to decentralise the communication between Internet of Things devices.
As a result, business entities are forming partnerships with the cryptocurrencies as they look to solve some of their problems. Large companies are actually in the forefront of linking up with cryptocurrency networks as they search for solutions to their business-related issues. With technology, developers have also developed platforms called crypto exchanges, where people can do CFDs cryptocurrency trading. It has provided a more interesting way of investing in cryptocurrencies. One can exchange cryptocurrencies with either ‘fiat money’ or with other cryptocurrencies.
A growing network of influencers
CFDs cryptocurrency trading is rapidly gaining popularity among financial market traders and more and more traders are getting attracted to the business. Cryptocurrency markets are more liquid, compared to other markets such as the stock markets.
Currently, there are over 3000 cryptocurrencies and the number is rising every other day. With this trend, we would see over a million cryptocurrencies in the coming years; meaning almost every person in the globe would own at least one or two crypto coins.
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In Search of 5G’s Rationale
By Ray Le Maistre Research lab is taking a different approach to 5G – it’s focusing on specific use cases, not the enabling technology, and has a new partner to help tackle industrial IoT needs.
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White label IoT solutions for insurance providers developed by People Power to speed development of smart home services
People Power, an Internet of Things (IoT) software company providing white-label solutions for home security, energy and care, has launched an accelerated development initiative to refine the company’s IoT solutions for the insurance industry.
Bolstered by a growing clientele of top-tier international service providers, the company’s IoT lab is remastering its advanced connected home technology to address the unique needs of insurance providers and their customers.
Insurance-centric IoT solutions include an array of wirelessly connected devices and machine learning microservices that detect potentially costly residential and commercial occurrences of theft, unwanted intrusion, fluid leaks, frozen water pipes, mold and mildew formation, appliance performance and safety concerns, and more. People Power is able to deliver integrated mobile experiences with certified Amazon and Google voice services through any insurance provider’s brand to reduce claims by sending intelligent early-warning mobile alerts directly to consumers.
Essential to every IoT initiative, People Power makes available the Maestro command centre for insurance providers to deliver IoT device management and services across a large user base. A tool to enroll users, support their needs, issue challenges and offer rewards to keep them engaged, Maestro’s role-based access allows administrators to manage users under their own organisation.
Additionally, super administrators have the ability to deploy the capabilities of Maestro to multiple organisations, granting each access to their own installation. The web-based command centre is able to manage customers and devices, deliver alerts and updates, view IoT device performance and communicate directly with smartphone users.
“As consumers become more familiar with connected home solutions through a mobile app and the rapid adoption of voice assistance, the timing is perfect for insurance providers to deliver services critical to their business growth,” said Gene Wang, CEO of People Power. “Given our expertise in delivering smart home solutions welcomed in the home by users across the globe, we are uniquely positioned to help them grow their brand through differentiating services that increase customer trust and connectedness.”
Critical to IoT program success, insurance providers also have access to the People Power Data Cube, a real-time cloud based data service that enables analytics, what-if scenario planning and limitless report creation. Scalable to millions of users and compatible with popular data visualisation tools and CRMs, business performance management of IoT programs is convenient and affordable with Data Cube. Helping insurance providers in the creation of machine learning models for greater system intelligence, Data Cube can be injected into IoT programs to optimise service performance.
The People Power IoT system enables rapid connection, engagement, delivery, management and IoT data collection and analytic services for forward-thinking business partners who understand the opportunity of delivering connected lifestyle improvements to their customers.
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Institute of Coding launches to tackle UK digital skills crisis
The Institute of Coding (IoC), a consortium of universities and employers, with a mission to develop the next generation of digital talent at degree level and above. The IoC was formally launched last night in the UK at a special event in the House of Lords.
The IoC will bring together the worlds of academia and industry with a remit to spread digital skills across the UK. The IoC organisation will work specifically to develop specialist skills training in areas of strategic importance and boost equality and diversity in digital education and careers. This will be delivered through degrees, degree apprenticeships, short courses, continuing professional development, innovative learning facilities and other outreach activities.
As part of its role, the IoC will also produce research, analysis and intelligence to anticipate future skills gaps across the UK workforce.
The Institute of Coding is a £20 million (€22.83 million) government investment funded through the Office for Students, and is matched by £20 million pounds (€22.83 million) of investment from partners.
Universities minister Sam Gyimah said: “The Institute of Coding will play a vital role in ensuring we can continue to generate the world-class pipeline of digital specialists the UK needs and improve education for everyone.
“Backed by £20 million (€22.83 million) of Government investment, this consortium of over 60 universities, businesses and industry experts will help people of all ages gain the skills they need to secure a range of exciting careers in fields such as artificial intelligence and cybersecurity.
“This is central to the government’s modern Industrial Strategy, which aims to make sure we are all equipped for the jobs of the future. I would like to thank everyone involved for their work so far and I’m looking forward to hearing how the Institute of Coding progresses.”
Dr Rachid Hourizi, director, Institute of Coding comments: “We have a clear commitment to tackling the digital skills shortfall by making it easier for students, people at work and potential learners that we have not previously reached to access higher education and improve their technical abilities. We believe every person, whatever their background, deserves the opportunity to improve their digital skillsets through flexible learning convenient to their needs, whether that be face-to-face or online, full or part-time and as a stand-alone activity or part of an existing job.
The IoC has already established a network of 25 academic institutions and 60 businesses to deliver these programmes. We are working closely with our partners in industry to help equip new entrants and experienced professionals with the skills they need to thrive in the digital economy.”
Nicola Dandridge, chief executive of the Office for Students, comments: “The Institute of Coding is a fantastic example of universities and businesses working together to develop the digital skills needed for the UK economy. I am delighted that the institute will also encourage and support groups who are traditionally underrepresented in the digital sector, including female school leavers and women returners.”
Jacqueline de Rojas, president, techUK comments: “With UK business leaders crying out for employees with the latest IT skills, the IoC is already […]
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