May 31 – 5 Key Stories From The Digital World

By May 30, 2019 Insight

1. Three of Ireland’s ‘Big Four’ Banks Using Blockchain to Verify Staff Credentials

  • built using ethereum by Deloitte’s EMEA Financial Services Blockchain Lab in Dublin to verify and track staff credentials and qualifications data
  • Staff will have their credentials held in a digital wallet, which will be used to help banks comply with Central Bank of Ireland regulations for meeting specific standards for senior staff
  • PwC launched a similar blockchain-based platform called Smart Credentials allowing company employees to be issued digital copies of professional qualifications

2. How a cosmetics giant reaches Chinese consumers: An interview with Shiseido CEO Masahiko Uotani

  • sales in China are really growing, up more than 30 percent this year, and China is our number two market now, bigger even than the US
  • talking to Alibaba about having a collaborative strategic partnership, where we can make use of all the consumer data they’re collecting around beauty products, events, and content
  • In Hangzhou, for example, they’re becoming like Silicon Valley…setting up our business innovation group in Shanghai…new team will be talking to people and start-ups with innovative ideas.

3. Why Manufacturers Should Embrace Digitization

  • Of the companies that we’ve talked to and surveyed, roughly 80% are actively working on an integrated digital operations program under one overarching vision
  • At the highest level, it’s essentially extending a digital thread across your entire operation’s value chain
  • the hard part about digital operations is that it cuts across traditional functional silos…need to oftentimes interact across the manufacturing and supply chain or procurement or even engineering organization to access the full opportunity

4. DeepMind’s AI can defeat human players in Quake III Arena’s Capture the Flag mode

  • a system capable not only of learning how to play capture the flag in Id Software’s Quake III Arena, but of devising entirely novel human-level team-based strategies
  • “No one has told [the AI] how to play the game — only if they’ve beaten their opponent or not. The beauty of using [an] approach like this is that you never know what kind of behaviors will emerge as the agents learn,”
  • learn directly from on-screen pixels using a convolutional neural network, a collection of mathematical functions (neurons) arranged in layers modeled after the visual cortex

5. MIT’s sensor-packed glove helps AI identify objects by touch

  • “scalable tactile glove,” or STAG, is a simple knit glove packed with more than 550 tiny sensors
  • sensors gathered pressure-signal data, which was interpreted by a neural network
  • system predicted the objects’ identity on touch alone with up to 76 percent accuracy, and it was able to predict the weight of most objects within about 60 grams