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Apple Inc.’s next breakthrough may be powered by Augmented Reality (AR). A recent report by Bloomberg outlines Apple’s ‘big step’ towards the AR space through talented hires and acquisitions in the related field. According to the report, with the goal of making smart glasses, in the short term, Apple’s AR features may first show up on the iPhone. Bloomberg’s report comes after its November story published last year, which highlighted Apple’s wearable expansion into ‘digital glasses’. The AR industry is gaining momentum and could be a huge global market worth $90 million by 2020. For Apple, an AR adoption could mean a new dimension to its existing products, possibly resulting inRead More →

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Big Data tools not only simplify lengthy analytical procedures in any industry, but they also provide a competitive advantage to banks. With new regulations, banks are looking at ways to make compliance procedures more effective and accurate. Big data in banking is slowly gaining momentum and becoming an inevitable necessity across the banking industry. As traditional data management structures become obsolete, the community banks struggle to comply with external competitive and regulatory pressures. The need to execute analytics tools in the community banking system is gradually becoming more of a compulsion than an option. Gartner’s 2014 CIO survey shows that financial firms encourage investing inRead More →

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Alibaba is a Chinese multinational tech, e-commerce and artificial intelligence conglomerate that was founded in 1999 and has since become one of the ten largest companies in the world. Alibaba’s plan to end poverty in China stems from corporate social responsibility as an integral part of its business model. In 2008, an earthquake in Sichuan province in China prompted huge individual donations to charities, which accounted for 54 percent of total giving. The earthquake was the second highest in absolute numbers in history, and led to a huge death toll and significant economic losses and brought many corporations closer to philanthropy. Alibaba is one such firm. Over the courseRead More →

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The dystopian future showcases our desire to stay connected to technology which eventually disconnects us from the ‘real’ world. TV shows often attempt to capture the imaginary depictions of the futuristic world. But while many have failed to completely showcase the tech addiction, a few may have ‘just about’ succeeded in capturing the chilling resemblance to our current world. When Black Mirror‘s third season aired on Netflix last year, its chilling resemblance to our digital lives immediately connected with the audience. The series did not shy away from outlining the disturbing future in a ‘social media‘ driven world and brilliantly magnified our frenzied obsession with technology.Read More →

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If you thought that startups like Uber and Lyft have changed the world of technology then there’s more. According to The Wall Street Journal, a recent funding sent a secret startup, Zoox’s valuation to a whopping $1.55billion. The billion-dollar firm aimed to work towards the concept of self-driving has managed to attract $50million in Zoox’s latest round of funding in October. The historic swing from traditional engines to electric and chip-controlled technology is happening through some of Silicon Valley’s best-financed startups. The worlds’ biggest automakers are strategically funding startups with the intention of expanding and competing in technology-driven markets. Valued at more than $1billion, establishedRead More →

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Faced with unprecedented challenges, banks have started racing to embrace AI to gain a competitive advantage. With the advent of chatbots, personal assistants, and robo-advisors, it may not be too hard to imagine that the next wave of technology could revolutionize the traditional style of banking. An Accenture report recently indicated that within the next three years, banks will deploy Artificial Intelligence (A.I.) as their primary method to interact with customers. In early 2016, Swedish-speaking Amelia became the first non-English deployment of IPsoft’s AI platform at SEB, one of Sweden’s largest bank. The bank adopted “digital employee” Amelia to integrate into its front-office. The cognitive agent solves problems just like humans “butRead More →

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To address Africa’s water problem, tech startups like HydroIQ are stepping in to digitize the water accessibility and billing system for consumers. According to the U.N., two-thirds of the world’s population could be living in water-stressed conditions by 2025, and the majority of these people will be in sub-Saharan Africa. The African region already faces constant problems due to the scarcity of water that sometimes never reaches the consumers. In Africa, as much as 50 percent of the water supplied by utilities is lost before actually reaching the consumer, all because of an inefficient and poorly managed distribution network. Additionally, the cost burden of water losses is borne by theRead More →