Jan 28 – 5 Key Stories from the Digital World

By January 28, 2019 Insight

1.  Ten trends shaping the Internet of Things business landscape

  • See clients gaining meaningful traction in oil and gas, mining, utilities, and agriculture – whether connecting products that they manufacture and sell or combining connected products into a more efficient value chain
  • A top ten global energy company has used IoT applications as part of a broader process- and technology-upgrade program to reduce unit production costs by 33 percent over five years. In the last three years, it has saved more than $9 billion in capital costs.
  • While some hype remains, real use cases with valuable results are emerging, particularly around machine learning (ML), as adoption steadily increases. According to our research, AI and ML are being used in 60 percent of IoT activities.

2. World’s First Mammal CRISPR/Cas-9 Genetic Inheritance Control Achieved

  • Engineered an active genetic “CopyCat” DNA element into the gene responsible for fur color in mice and succeeded in controlling mice fur color, making it white instead of black
  • As much as 86 percent of the mice offspring inherited the CopyCat element from the female parent (big improvement from usual 50% naturally achieved)
  • Developed as a tool for lab researchers to control the inheritance of multiple genes in mice, will be possible to make animal models of complex human genetic diseases

3. Machine Learning: Fundamental Algorithms

  • ML different from traditional computational fields because ML algorithms are designed to change over time based on inputs, weights and outputs
  • Modern examples of ML: facial recognition, character recognition, recommendation engines, stock market algorithms, and self driving cars
  • Two most common ML methods: supervised learning (e.g., stock market algorithm that uses historical data and trends to forecast fluctuations) and unsupervised learning (valuable to digital marketers or startup founders who want to discover their consumer archetype)

4. Breakthrough reported in fabricating nanochips

  • Could have far-reaching impacts on nanoscale chip production and in labs across the globe where scientists are exploring 2-D materials for ever-smaller and -faster semiconductors
  • New fabrication method—called thermal scanning probe lithography (t-SPL) – offers a number of advantages over today’s electron beam lithography (EBL)
  • t-SPL fabrication systems dramatically reduce power consumption and can be easily scaled up for industrial production

5. Five Lessons Learned On Regulatory Enforcement

  • Regulators are evaluating processes, policies, and deployment of security controls in their investigations (e.g., deployment of tech and related policies)
  • In addition to big tech firms, data protection authorities are also looking across sectors, including healthcare, startups, financial services, and utilities, among others
  • Data shows that 67% of US adults are not comfortable with companies sharing and selling their data and online activities. As a result, 51% of them report taking active measures to limit the collection of their data by apps and websites. And, if this means stopping doing business with a company altogether, they will.