According to authors,Machine-Learning, a subset of Artificial Intelligence (AI), is applied by firms in evaluating  financial decisions like assessing credit worthiness and eligibility criteria for an insurance policy, fraud prevention, by tracking fraud indicative transactions, thereby reducing the fraud rate, risk management, tasks of compliance, natural language processing, where this system can shift through thousands of commercial- loan contracts in seconds  and trading, where it is used both to crunch market data and to select and trade portfolios of securities. In the quantitative front, machine-learning algorithm , helped in making investment decisions, by picking up acquisitions before announcement, managing the client money and moving beyond the boundaries of conventional trading strategy. Read more at http://www.economist.com/news/finance-and-economics/21722685-fields-trading-credit-assessment-fraud-prevention-machine-learning?zid=291&ah=906e69ad01d2ee51960100b7fa502595

According to authors, today, a new set of analytics tools,  ”Adobe Sensei for Voice”,  has  been  launched by Adobe, which will aid brands to better its metrics, in the field of targeting customers across social media,email and actions often taken by users  with their conversational  AI of choice and the things they daily deal with, by seeking the help of conversational  data- both user intent and contextual  data. This will help developers and brands, worldwide, to have easy access to  total customer interactions, usage time and frequency of intent.  Amazon Echo Dot has been marked as the leading market in the growing space.  Read more at https://techcrunch.com/2017/06/29/adobe-releases-analytics-tools-for-conversational-ai/

According  to the authors, artificial intelligence is applied when a machine mimics “cognitive” functions that humans associate with other human minds such as “learning” and “problem solving”.  So  Han Wang, Jing  Guo  and Colleagues reported in American Chemical Society(ACS) NANO , that  they were successful in developing an artificial lab-made synapse, which was flexible and diverse and  has the capacity of simulating a primal function of our nervous system, i.e., the release of both excitatory and inhibitory signals from the same pre-synaptic  terminal. . This amassed huge demand and popularity  in artificial neural networks and it simplified the design and role of nervous simulations. Read more at https://www.sciencedaily.com/releases/2017/06/170628095814.htm

GST-Network (GSTN) is trying to provide hi-tech security and analytics center to give protect the data under the Goods and Services Tax (GST) for the cyber threats. GSTN will be appointing security companies by August to build up Security Management and Analytics Centre (SMAC). SMAC will implement data analytics to protect the GST system from cyber attacks and will provide a better and protected environment for GST ecosystem. Read more at:http://cio.economictimes.indiatimes.com/news/digital-security/paranoid-about-security-setting-up-analytics-centre-gstn-ceo/59092397

India is planning to observe the pollution level in the ocean with the level of automation and based on the observation it will try to take measure to reduce the pollution level in the ocean. As the tourism industry along the coasts are flourishing in a large scale in India, the pollution is also increasing . This project will help to predict a threshold value of dumping waste into the ocean by forecasting the pollution. Different time scales will be taken into account to observe the significant changes occurring in the coastal waters and to estimate how different parameters are like along the coastline of India. Read more at: http://economictimes.indiatimes.com/news/science/india-plans-automated-ocean-pollution-observation/articleshow/58640371.cms

Earlier VR was within the realm of tech companies and start-ups but nowadays universities are adopting the same technology to teach students and conduct research on the subject. Academicians are engaged in finding the impact of this technology in our lives. VR has made classroom experience memorable with the availability of 360-degree cameras and cheap VR headsets. VR could change the behavior of society as well. Heat maps can be used to analyze the time spent looking at different areas in VR landscape. It is a boon in the field of psychology and journalism. While the students can choose their own experiences through VR field trips, professors have an effective way of teaching. Read more at https://readwrite.com/2017/07/06/universities-defining-future-virtual-reality-dl1/

Technologies changed roles at home, from the kitchen phone to smartphone, tablets etc. The latest edition is IoT. Here, smart means safety in terms of health and security. We will be able to control various electronic devices like AC, Fridge, Fan, TV etc. directly with our smartphones and also able to know the safety status of those. We can take care of our loved ones when we will be outside of our homes. The time of the smart home is coming to us soon. Read more at: https://www.entrepreneur.com/article/295464

To the huge size and structure of the healthcare industry in India, technology can add immense value to it. Technologies can make differences in the various problem areas. Technologies like telemedicine can increase the reach of doctors to these rural areas to increase the accessibilities of doctors. A startup which is providing e-consultations through message, voice or video call do provide a convenient option at a lower cost for affordability issue. We can aware people by giving them the information about symptom, diagnosis and treatments of various critical diseases through mobile. We can also make people aware about the price and quality of medicines. Read more at:https://www.entrepreneur.com/article/296157

India’s retail market is predicted to double from $600 billion in 2015 to $1 trillion by 2020 as per IBEF. The growth in e-commerce influences development in the retail sector. Faster internet speed, reliable telecom operators, increased adoption of online services plays a key role in gaining that tremendous growth. In upcoming years, we will witness advanced technologies and innovations to revolutionize the customer’s shopping experience and collect more online sales.AI based chatbots will be the future of customer service. As consumers are gaining digital prominence mobile wallet will be crucial for cashless transaction. Read more at:https://www.entrepreneur.com/article/293462

Bots are the update of apps and websites. Bots will improve the way we use mobiles and computers. Bots will make it easier and faster to get things done. Bots also solves the download problem caused by apps. For developers and businesses, bots dramatically reduce the cost, time of developing and marketing their services. Read more at: https://www.entrepreneur.com/article/278001

Artificial Intelligence is one of the most important part of our daily life from simple features like automatic image tagging to prediction and recommendation in business. AI will begin to learn emotion, better understand human sentiment and solve more complex problems. Soon, companies will be able to automate a large chunk of data analysis, decision making and customer service, allowing employees to tackle the most complex challenges rather than get bogged down in the details. Read more at:https://www.entrepreneur.com/article/290444

Marketing to millennials is challenging for their changing consumption patterns in various platforms, devices or content formats. AI collects smart real-time data and use those which may be personal data, brand data, historic data, etc. A chatbot can go to messenger platforms to accelerate a personalized e-commerce without human interactions. Acceptance of AI is growing in millennials for interaction with brands, online and offline. Read more at: https://www.entrepreneur.com/article/295047

Messaging application WhatsApp has initiated discussions with Indian banks and other institutions to allow its users to make payments via United Payments Interface (UPI), which facilitates instant fund transfer between two bank accounts on the mobile platform. With UPI allowing instant settlement of funds between peers, all banks need to do is to integrate their systems with WhatsApp, which can identify the correct recipient. Read more at: http://economictimes.indiatimes.com/industry/banking/finance/banking/you-may-transfer-money-via-whatsapp-soon/good-news-for-you/slideshow/59281092.cms

Drone economics are classically disruptive. Already drones can accomplish tasks in some hours that take people days. They can provide deeply detailed visual data for a tiny fraction of the cost of acquiring the same data by other means. They’re becoming crucial in workplace safety, removing people from precarious processes such as cell-tower inspection. And they offer, literally, a new view into business: Their low-overhead perspective is bringing new insights and capabilities to fields and factories alike. The drone economy is real, and you need a strategy for exploiting it. Here’s how to think about what’s happening — and what’s going to happen. 1) Capturing reality for the cost of a nice lunch 2) Rising from the ground to fill the missing middle 3) Autonomous, small and countless 4) The rise of cloud robotics 5) Cool is not enough. Drones as ubiquitous as sprinklers: We’ve come a long way from weapons, sci-fi movies, and headlines. But in the prosaic applications of advanced technologies lie their real impact. Read more at: https://hbr.org/cover-story/2017/05/drones-go-to-work

Telecommunication sector in India is one of the fastest growing entities,contributing significantly to the GDP. It is expected to provide huge employment opportunities in the next five years and the smartphone market will surpass the US to be the second largest in the world.There has been high FDI and companies like Bharti Airtel,Apple,Reliance have realised the benefits of investing in this area. The government too has been proactive to ensure that customers get access to a smooth and hassle free network. India is estimated to have 700 million internet users by 2025 and the introduction of 5G spectrum in the near future provides a bright future ahead for the Indian telecom market.Read more at: https://www.ibef.org/industry/telecommunications.aspx

WhatsApp messages and calls are end-to-end encrypted and cannot be  decoded by even the company itself. Though some claim that end-to-end encryption is not safe from the social point of view, violation of privacy of billions poses a counter logic. One can also opt out of advertisements by Facebook on the app by simply not sharing his/her phone number. So we can briefly conclude that our privacy is safely protected in WhatsApp.Read more at: http://www.pcadvisor.co.uk/feature/internet/how-secure-is-whatsapp-whatsapp-security-encryption-explained-3637780/

BHIM(Bharat Interface for Money) is a government initiative and developed by the National Payments Corporation of India(NPCI). It is an app where only one UPI-enabled bank account can be added. BHIM offers attractive features like free unlimited transactions between accounts with no commission and hidden charges. It is synced directly with the bank account and there is no need of any wallet recharge like other private payment apps like Paytm and Mobikwik. The inclusion of more people into the digitized world through BHIM,however,remains a challenge for NPCI and it must initiate programmes to spread the technology and ensure that it is accepted at physical and online stores and public transports. Read more at:  http://www.bhimguide.in/2017/01/difference-between-bhim-upi-this-app-is.html?m=1

The biggest threats to cyber security in 2017 were:  (i) Shadow Brokers, a hacking group hacked NSA-linked operations which are a huge threat to all software users. (ii) Wannacry, a ransom wire which crippled public utilities and large corporations. (iii) Petya/NotPetya/Nyetia/Goldeneye which affected the infrastructure of Ukraine. (iv) Wikileaks CIA Vault 7 stole various CIA securities in March. (v) Cloudbleed, a bug in the Cloud fare platform managed to hack numerous sensitive customer data. (vi) 198 Million Voters Record Exposed in June in the US. (vii) Macron Campaign Hack, a campaign that hacked a 9 GB basket of emails of the Presidential candidate, Emmanuel Macron in France. Read more at: https://www.wired.com/story/2017-biggest-hacks-so-far/

A researcher in University of Washington in Seattle has developed a phone that can be used to talk and text even without a battery. Backscatter, a technology which enables devices to communicate by reflecting incoming radio waves have been innovated which works on analog signals. There is a base station which transmits power to the device within a range of 15 meters. The device comes in a small LED display and one cannot talk and listen at a time. The technology is at its primary stage and considering that it is much cheaper than a normal phone; people will not have to worry about carrying power banks in the near future. Read more at: https://www.wired.com/story/this-cell-phone-can-make-calls-even-without-a-battery/