Feb 7 – 5 Key Stories From The Digital World

By February 7, 2019 Insight

1. What’s Behind JPMorgan Chase’s Big Bet on Artificial Intelligence?

  • AI is making a substantial, wide-ranging impact because it is used with data, and every industry is increasingly becoming data-driven.
  • The future of AI in finance is in building a bank that can serve billions of people and provide personalized services.
  • In some areas that traditionally are heavily regulated, you see less application of AI. That is not because regulation prohibits it, but because the regulatory environment that tech infrastructure requires has not matured to a point that allows you to do AI at scale.

2. 5 ways work culture will change by 2030

  • In addition to voice, text, and video, advances in virtual reality (VR) will change the way people meet and interact, and being an effective communicator is going to include mastering various media.
  • As artificial intelligence (AI) and machine learning (ML) permeate virtually every area of work, employers will have access to a great deal more data about employees, productivity, and work patterns.
  • As AI and ML change the nature of work, leaders who wish to retain their investment in talented employees will need to be explicit about their commitment to them.

3. 10 Machine Learning Projects Every Tech Aficionado Must Work On In 2019

  • Detectron: Facebook AI Research’s software system that implements state-of-the-art object detection algorithms
  • Fast.ai: The fast.ai library works to simplify training fast and accurate neural nets using modern best practices.
  • vid2vid: It can be used for turning semantic label maps into photo-realistic videos, synthesising people talking from edge maps, or generating human motions from poses

4. The New Digital Model For Brand Experience

  • digital is much more than marketing technology and channels; it is a way to harness technology’s enormous and unbridled capacity to reach out, connect, personalize, and engage
  • brands such as IKEA and L’Oréal utilize augmented reality to create anticipation, a powerful driver of experience
  • Don’t think of every incarnation of digital as a standalone technology or channel that you must do something with. Rather, think of digital as a system for you to pick and choose which technology to use, and how much of it, to optimize brand experience.

5. Vitalik Buterin’s “…what we really mean is we are centralized pile of trash…” comment at Blockchain Connect Conference, San Francisco (video clip)

  • Purpose of a consensus algorithm is to keep a blockchain safe, not to make it fast.  Proof of work can process relatively few transactions because it becomes unsafe if computers spend more than 10% of the time mining and verifying blocks.
  • When a blockchain project claims, “We can do 3500 tps [transactions per second] because we have a different algorithm…what we really mean is, we are a centralized pile of trash that only works because we have 7 nodes running the entire thing”.
  • There are good ways of making a blockchain fast. The main good candidates are layer 1 scalability through sharding. and layer 2 through State Channels and Plasma