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Is Artificial intelligence taking over: 5 points to prove it is!

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The third decade of the millennium has started. The technology today has changed so much since the last century. We went from human-guided machines to artificially intelligent computers conducting highly complex tasks.

 

AI-guided computers are so powerful today that they are starting to take over people’s jobs. Not just those who are undertrained and not skilled enough for doing something more important, but everyone’s jobs.

In this article, you’ll be able to see 5 places where AI is taking over, and there’s no going back. Of course, this doesn’t mean things are only bad for humanity. Read on and find out more about it!

 

1.  Artificially Intelligent computer-doctors detect breast cancer

Every doctor agrees that the most crucial issue in treating a patient is setting a proper diagnosis. We might think that nothing can be better than the human eye, but it turns out that AI-driven robots can do a much better job in detecting breast cancer than people.

The Artificial Intelligence statistics show that US experts in radiology compared to AI-driven computers had 5.7% more false positives. At the same time, they had 9.4% more false negatives. The future of our health is in the processors of AI computers.

 

2.  B2C relations and support show excellent results

All marketing stats show that some of the main reasons why clients are leaving brands for the competition are poor customer support and service. This is entirely logical. A medium company of 250 employees simply can’t manage every employee and make them do a great job 100% of the time.

 

3.  Changing standard traffic lights with AI

Artificial Intelligence implemented by cities can do a tremendous job. For example, India’s capital New Delhi officials, implemented a system of AI-driven traffic lights to reduce traffic jams. The results were outstanding.

A lot of big cities around the world are experimenting with learning machines and traffic control through computers, but soon all crossroads will be AI-powered to reduce waiting time in traffic lines. One stress less in our lives, right?

4.  Battlefields are now a part of the Sci-Fi novels

This one is the biggest concern of everyone who’s against Artificial Intelligence. The movies and books about robots who take over the world are the biggest fear for those who are skeptical about the safety of AI.

However, that isn’t stopping the US Army from using drones equipped with this kind of technology. The war in Iraq and Afghanistan was both backed by these flying crafts that saved countless US soldiers’ lives in the battle against terror.

 

5.  Home systems and security are evolving to the next level.

Are you familiar with the home systems in use right now? You’re able to manage everything around the house from one place. The most advanced systems are now using AI to detect burglars, fires, and floods in and outside the house and call the emergency service if that’s needed.

Artificial Intelligence home systems are the next level of security and in-house enjoyment.

 

Conclusion

These 5 points cover almost every part of our lives. Health, security, business, all important for our well-being. They are all being taken over by AI. Soon, we’ll be able to see how computers are changing almost every segment of our lives.

This will have tons of positive sides for those using it, but at the same time, it is a threat for many people losing their jobs. Still, companies building AI computers claim that retraining and changing careers will be enough. People won’t be jobless. They’ll just need to relocate sectors.

Blockchain

Cryptocurrency Market Report 2020: Technology, Applications and Implementation for Financial Services

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TCS Positioned as a Leader in Capital Markets Operations by Everest Group

Vlad Poptamas

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Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, has been recognized as a Leader in the Everest Group PEAK Matrix™ for Capital Markets Operations1.

In an assessment of 24 global service providers offering capital markets operations services, TCS was placed highest for Vision and Capability, as well as Market Impact. Additionally, it was named a Star Performer for having top quartile year-on-year improvement in its scores.

TCS’ strong position in the overall capital markets segment is attributed to consistent growth in its portfolio with multiple new wins. According to the report, the company has continuously worked on creating solutions backed with the latest technology to help its customers solve operational problems more efficiently. It mentions TCS BaNCS™ Cloud for Asset Servicing that automates the servicing of multiple asset classes across custodians, brokerages, asset managers, and investment banks. The report also highlighted a successful POC where TCS powered the world’s first cross-border securities settlement between two central depositories using Quartz™ Blockchain.

With growing competition in the capital markets segment, customer preference for digital channels, and increasingly complex regulations, financial institutions are banking on innovative use of technology to stay ahead,” said K Krithivasan, Business Group Head, Banking, Financial Services and Insurance, TCS“This recognition from an independent third-party research firm is a testament to our vision, capabilities, services offered, and market impact.”

TCS offers a comprehensive portfolio of services in the capital markets domain. Its customers include over 85 buy and sell side firms as well as market infrastructure firms and custodians. TCS’ in-depth domain solutions cover all functions and include:

  • Front Office: Research and analytics, channel management support, para planning for wealth management customers
  • Middle Office: Post trade processes including trade affirmation / confirmation, pricing and valuation, portfolio accounting and reconciliations
  • Back Office: Settlements, reconciliation and fails management accounting including fund accounting, fund administration, and transfer agency

Guided by its Business 4.0TM thought leadership framework and the Machine First™ Delivery Model (MFDM™), TCS has made steady investments and developed frameworks, point solutions and showcases. These include the wealth and retirement platform on TCS BaNCS, a wealth advisory solution, robo advisor and event fusion solution, conversational agents powered TCS’ proprietary tool Conversa™, interactive customer reporting, X code, and distributed ledger technologies for corporate actions, among other blockchain, robotic process automation, platform modernization-based frameworks.

In an environment shaped by changing user preferences and pressure from fintechs, it has become critical for financial institutions to connect their front- and back-office functions seamlessly,” said Manu Agarwal, Practice Director, BFS Business Process Services, Everest Group. “Supported by strong operational expertise and digital offerings, TCS enables its customers to deliver this superior experience.”

Our rich experience in capital market services, regulatory knowledge, innovative offerings backed by the latest digital technologies, and deep contextual knowledge places us in a strong position to deliver exponential value to our capital markets customers,” added Krithivasan. 

 

SOURCE Tata Consultancy Services

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Blockchain

Huobi Token (HT) Reaches New High Amid Increased Adoption and Ongoing Ecosystem Development

Vlad Poptamas

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Huobi Global today announced that Huobi Token (HT) has reached a new 12-month high amid the continued growth and development of the whole ecosystem. As of yesterday, HT was trading at a token price of $5.27 USD, a 92% increase since the close of 2019 – and nearly a 5X increase compared to this time last year.

As the native token of digital asset exchange Huobi Global, HT’s new milestone underscores the recent progress of Huobi’s global ecosystem. Last month, Huobi Global and Huobi DM experienced a strong start to 2020 with a 65% month-over-month spike in aggregate trading volume.

Huobi has also transitioned from quarterly to monthly token burns, which are based on a percentage of Huobi Global and Huobi DM’s revenues for each corresponding period. For Huobi’s first monthly burn, 4.057 million HT were repurchased and destroyed in January, which has a current market value of $21.4 million USD. A total of 45.838 million tokens have been burned to date.

“2020 is a pivotal year for Huobi as we enter new global markets and continue expanding our product line-up for both institutional and retail audiences,” said Ciara Sun, Vice President of Global Business at Huobi Group. “HT is a foundational part of the Huobi ecosystem, so we are deeply committed to its success.”

HT Product Roadmap

As part of a longer-term strategic roadmap for HT, Huobi has a number of upcoming initiatives planned that aims to further increase the token’s utility for the broader blockchain and crypto community.

Huobi DM’s new Perpetual Contract product, which is currently undergoing internal testing and nearing public launch, will be incorporated into the HT Token Burn Program. HT will also play an integral role in the ecosystem of Huobi Chain, a regulator-friendly financial blockchain that’s slated for testnet launch in the near future.

Additional features in development include HT margin trading with up to 2X leverage, which is expected to launch in March, and collateralized HT for peer-to-peer crypto lending and pledged loan contract assets.

HT Ecosystem Adoption

To further expand HT’s utility beyond the Huobi ecosystem, Huobi is accelerating efforts to integrate with third-party partners, including international credit cards, digital bank cards, blue-chip technology companies, and global entrepreneurship centers.

HT was recently accepted as a payment option for charitable donations to Project HOPE, a global nonprofit organization that has been providing health development and emergency relief since 1958. Last month, Huobi partnered with a leading crypto-friendly hotel booking platform to integrate HT as a preferred payment method on Travala.com.

 

SOURCE Huobi Group

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