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SigmaWay Blog

SigmaWay Blog tries to aggregate original and third party content for the site users. It caters to articles on Process Improvement, Lean Six Sigma, Analytics, Market Intelligence, Training ,IT Services and industries which SigmaWay caters to

New Features in Google Photos

Google Photos has brought out a new feature in their app- Suggested Sharing. The feature will use facial recognition and machine learning technology and will identify people who are most frequent on our sharing list. It also compartmentalizes photos according to the location and can be shared via email and text. When invited to a particular shared album, one can add his/her photos. There is another feature- Shared Libraries which will let to share an entire album or a selected number of photos with someone and recipients can choose the files they want to save. The new features, much like Facebook Moments add more feathers to Google Photos' hat. Read more at:  https://techcrunch.com/2017/06/28/google-photos-adds-smarter-sharing-suggestions-and-shared-libraries/

 

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Automotive Mission Plan (2016-2026): Objectives,Challenges and Implementations

The Automotive Mission Plan(AMP) of 2016-2026 aims at making India one of the three leading global automobile manufacturers. An annual revenue of $300 billion in 2026 is targeted. The AMP aims at contributing 13% to the GDP and a creation of 100 million additional jobs to name a few. Basic requirements to be met are safety, quality improvement and technological advancements. The Indian Government has already spent a bulk in this regard. Besides, a target of 7 million electric cars by 2020 with benefits for both consumers and manufacturers is set. Despite a large series of challenges, tax reforms in this sector by the government are a testimony to the fact that the mission is on the right track to be accomplished to a large extent. Read more at: http://www.forbesindia.com/blog/business-strategy/indian-automotive-industry-the-road-ahead/

 

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ORS App Paying For Your Scrap

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A company named ORS is offering to clear scrap and also paying one for this with just one click on the app. ORS (Old Raddi Sold) app allows customers to book for scrap to be cleared from their doorstep. There are different rates for different things like newspapers, carton, metal scraps, e-wastes, etc. The company earns by selling these things to different industrial leader who are in need of them for recycling and charges some commission from them. Awareness is the biggest challenge when dealing with waste management in such unorganized sectors. Currently the company is dealing with only dry wastes that too only in Bengaluru. But, with the help of BBMP it is trying to provide solutions for wet waste management and planning to move across India. Read more at: https://www.entrepreneur.com/article/296723

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Robots - The New Decision Making Tool.

How can we use AI to better understand the future? What will our clients and the marketplace need and want one year, two years, five years from now?” This is a shift from analytics that automatically collect and analyze data from past interactions (buying behavior, customer service engagements, etc.) to leverage AI to provide solutions that address both current and future challenges. 

Now, instead of using chatbots and other AI tools as communication devices to interact with customers at various phases of their shopping and decision-making process, many companies are exploring how bots can collect and analyze customer needs and business data for solution development. 

Read more at : http://www.cio.com/article/3200667/artificial-intelligence/robots-are-not-coming-they-are-already-here.html

 

 

 

 

 

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Cyber Security: An Important Step While Digital Transformation

With the increase in cyberattack throughout the world, it has become extremely necessary to install cybersecurity which uses digital technologies to protect company networks, computers and programs from unauthorized access and subsequent damage. With the market rapidly digitalizing itself, it is necessary for them to secure it. The focus must be on safeguarding the data spread across devices and cloud. There are different techniques used by hackers to attack the company’s data source, also there are ways to combat these attacks by network defense, mobile device protection, investment in securing IoT devices etc. Artificial Intelligence is used to learn new malware behaviors and correct them. Thus, cybersecurity is a key factor for every organization while digitalizing itself. Read more at: http://www.datasciencecentral.com/profiles/blogs/cybersecurity-in-digital-age

 

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Impact of IoT on Big data 

Internet of Things is creating a revolutionary technology space and the connected devices are producing an enormous amount of structured and unstructured data which can be analyzed to give insights. Retail stores can with the help of VLC technology store information about the customer and analytics can decipher his buying patterns. IoT connects everything in our daily lives from smart homes to transportation to health which generated huge data. Businesses are able to take timely decisions and can even predict events by analyzing data from IoT. They have gone from reactive to proactive. Read more at https://www.experfy.com/blog/integrating-iot-with-big-data-a-revolutionary-step

 

 

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Are Our Smartphone Making Us Stupid?

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At present, Cell phones are being considered obsolete and being replaced by Smartphones because smartphone is capable beyond the function of regular cell phones. Smartphones keep people occupied all the time. People who are shopping, or in bar or during work constantly keeps on checking their phone for Facebook, twitters or mails and continue replying. This is what the level of people obsessed and consumed with the smartphone. Recent study says that if one is sitting and working at desk, his eye and sub-conscious mind is looking to figure out some time for checking the phone updates and in this way, the work lacks focus. Read more at: https://www.entrepreneur.com/article/296562

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Google Pixel 2 or iPhone 8?

Google came with Android O and Apple came up with IOS 11. So, which one’s winning the race? The nutshell answer is Android O. A comparative study has been done to show this. Android O: multitasking, notification dot on the app icon, intelligent text selection, auto-fill, prolonged battery life. IOS 11: pay through iMessage, collaborating speakers, beautified AR effect, live photos, less memory clogging, DND while driving.  Both are equipped with voice assistant, but Google is a step ahead and can recognize objects and you can type queries relating to those objects if you don’t want to speak them. Apple is way backdated with AR and VR as compared with Google who uses AI. Read more at: https://www.entrepreneur.com/article/295854

 

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The techniques used by data scientist to get results

Nowadays, many organizations use data and analytics to understand customers, develop new products and optimize business processes. 

“Organizations able to take advantage of the new generation of business analytics solutions can leverage digital transformation to adapt to disruptive changes and create competitive differentiation in their markets,” said IDC analyst Dan Vesset in a statement issued in conjunction with the release of IDC’s Worldwide Semiannual Big Data and Analytics Spending Guide earlier this year.  A recent Forrester Research study also found that, 50% of businesses now use data and analytics tools to analyze their existing customers, while 48% use them to find new customers and 47% use them to develop new products and services. Read more at: http://www.cio.com/article/3147293/analytics/analytics-50-how-big-data-innovators-reap-results.html#tk.ciofsb

 

 

 

 

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Is being agile a good approach?

An agile approach is to identify smaller data governance initiatives based on strategic projects or business needs, and build from there.

Following these steps, the data governance program can be set up as a highly structured organization and set of defined processes with tools and templates, or it can be set up as a less structured team of individuals who work together to accomplish the goals and work through the roadmap.

The approach you decide to take should be one that correlates to your organization’s culture, data management maturity level, data governance objectives and desire for structure.

Can data governance be agile? Many organizations are now recognizing the need for data governance but are still struggling with the right way to structure it. Read more at: http://www.cio.com/article/3203410/data-management/can-data-governance-be-agile.html

 

 

 

 

 

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Rumors About Mobile Apps and It’s Role in Business

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There is no more secret that every Business or Industry needs App for growth. Mobile app developing companies had revenue figures of $69.7 billion in 2015 and expected to have $189 billon by 2020. Companies are always looking for the app which has easier interface and marketing of the app. There is also some myth about Mobile Apps: 1) Users and Customers are synonyms: This is not so, only 10% of users are customers. 2) Good apps don’t need marketing. This is also not true. 3) Many Company thinks that users have stopped downloading apps but this is just a rumor because people installs and uninstall the app daily. 4) Developing Mobile apps are costly job depending on the type of app. 5) Few mobile apps need the internet. Read more at : https://www.entrepreneur.com/article/296230

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What helps in cloud management?

Cloud services have grown to become an evident part in providing online services and data storage over the past few years. But there are still some strategies that would define or make a better cloud service.

The very first could be the co-located cloud service which would prove a higher speed of access Another important aspect would be easily cost figuring with better management and storage computation and services. Usage of hyper converged infrastructure (HCI) solutions offer pre-integrated compute, storage and networking resources to the private cloud.  And lastly getting the old apps by lift-and-shift method could provide an advantage to the company, although that would be in exchange of a good amount of migration cost. Read more at: http://www.cio.com/article/3137946/cloud-computing/6-trends-that-will-shape-cloud-computing-in-2017.html

 

 

 

 

 

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Internet of Things (IoT) with fitness wearables

Today’s generation is health conscious and use wearable devices to track their fitness levels. This constantly generates data and we should be able to draw a comparison on different datasets or data collected from various devices. Lumo BodyTech, a fitness related tech company, created a platform (Lumo Motion) to analyse such data. People can monitor, regulate their health and get accurate advice. Lumo Back and Lumo Lift tracks the posture and combined data can be used to learn about the best posture. Even though the progress is limited but with growing number of products joining the platform, data is comparable from a wider range. Read more at: https://readwrite.com/2017/06/28/iot-will-let-you-understand-your-workout-data-better-hl1/

 

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Bots and its use in mobile apps

It is hard to believe that Bots will replace websites and mobile apps, but there are some logical reasons why that is possible. Messaging apps are growing very fast and if this becomes a popular way of communication, then every business is going to need a way to engage on these platforms. Bots will be faster than websites and mobile apps will be smart enough to understand what are you saying by their Artificial Intelligence power. Bots don’t need to be downloaded like other mobile apps. Bots will be easier to use than any other technology ever created. Read more at:https://chatbotsmagazine.com/how-bots-will-completely-kill-websites-and-mobile-apps-656db8e6fc03

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Social networks and bots

Social Media is the most important tool used for Business. Big Brands take help of social bots to improve their customer process. The Researchers from University of Southern California and Indiana University found that between 9%-15% active Twitter accounts are social bots and the accounts are controlled by software which is algorithmically generating content and establishing interactions. Read more at:https://www.entrepreneur.com/article/290645

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Some chatbot platform tools

One can make an AI powered Chatbot in a very short period of time. You just need to figure out what problem you are going to solve with your bot, choose which platform your bot will live on (Facebook, Slack, etc.), set up a server to run your bot from, and choose which service you will use to build your bot.

Here are some of resources to get you started.

Platform Documentation:

1.Facebook Messenger Platform, 2.Telegram, 3.Discord , 4.Slack , 5.Kik etc.

Some third party Services can be used to build Chatbots. They are:

1.Chatfuel, 2.Botsify:Botsify, 3.ChattyPeople, 4.FlowXO, 5.Boikit ,6.Beep Boop , 7.MEOKAY, 8.Wit.ai ,9.Api.ai ,10.Octane.ai etc. To know more about these, read: https://www.entrepreneur.com/article/289788

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Effective uses of Chatbots in marketing and business development

A recent report by EMarketer states that 1.4billion people interacted with chatbot in 2015.So, chatbots have huge opportunities for future marketing and some effective uses of chatbots are: 1. Sell a product or service, 2. Make payments easier, 3. Gain customer insight, 4. Personalize marketing, 5. Increase Engagement, 6. Qualify your Leads. Read more at: https://www.forbes.com/sites/sujanpatel/2017/01/21/6-effective-uses-for-chatbots-in-marketing/#7afe2f0f3f48

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Because technological devices can be more accurate in these cases.

Not all of us are good at knowing how ripe a fruit or a vegetable is just by seeing it. But the research at MIT has solved this issue. They have created a hand-held device which would say how ripe an apple is based on the glow of chlorophyll in the fruit's skin under ultraviolet light.

The device is 3.5 by 1.5 inches mostly made up of all the commercial objects available in the market making a chip that picks up the fluorescence an exception which the researchers had specially ordered.

The device interacts with the user via the Bluetooth and the android app. With advancement, this device would be able to go for many other fruits and vegetables with dealing with a great amount of data. Read more at : https://www.livescience.com/56040-handheld-device-tells-if-fruit-is-ripe.html

 

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Smart usage of exoskeleton.

Exoskeleton is a combination of technologies that allows limb movement with increased strength and endurance. For now, it is worn on the shin and foot and applies forces to the ankle and toes. An exoskeleton has a variety of applications. With many advancements coming along in exoskeleton, one of the advancement is a customizable exoskeleton.

 

The customizable exoskeleton uses the human in the loop algorithm which has reduced the energy used by the participants by 24% which is highest till now. A customizable exoskeleton helps you cover more distance and with the high pace. A personalized exoskeleton would make an easier job of walking for the physically impaired people. An exoskeleton is designed with various pattern implementation with two factors consideration; 1) amount of force 2) when the force is applied. Read more at: https://www.livescience.com/59595-personalized-exoskeleton-learns-from-your-steps.html

 

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Block-chain: Future of banks in 10 years

Organizations which create maximum employment tend to be the most disrupting. Like the agricultural sector, which employed nearly 40% of the population in the 20th century now it employs less than 2%. As we know financial services form a big part of the workforce. Is it going to disrupt too? A new technology, Block-chain technology is threatening to disrupt it. So how does this technology work? The key point being encryption and storing them in an append only method. The basic concept is a user first encodes a message Using a private key and then shares a corresponding unique public key with anyone authorized to read the message. The public key not only allows the authorized person to read the message, but also verifies without a doubt as to who the source of the message is. The data should be updated at regular intervals, thus making the data immutable, tamper proof removing the need for any mediators. The biggest challenge of Block-chain is its integration with other systems and phased roll out. Read more at: http://cio.economictimes.indiatimes.com/dobig/news/detail/1472

 

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