The digital transformation offers companies in all industries numerous opportunities to develop at different levels. Innovative technologies such as artificial intelligence create new opportunities in places where humans and systems have reached their limits. But they also raise many further questions. Currently, intelligent voice controls such as Siri and Alexa or the discussions about self-driving cars are visible to society.…

What exactly is “IoT”? Internet of Things, yes; but what does that mean?

Internet of Things is a structural definition; it says there are “Things” such as sensors and devices (on machines or people) connected together in a Network. So what? What does a Network of Sensors & Devices allow us to DO? What is the functional description of IoT?

Being able to connect things together is “table stakes” at the intelligence augmentation game. What…

 The importance of gesture recognition technology lies in developing efficient interaction between humans and machines. Increasing application of gesture recognition technology in consumer electronics is among the key factors boosting the gesture recognition market at the global level. 3D vision and gesture tracking solutions in gaming consoles along with 2D gesture recognition technology in smart TVs, PCs, and tablets is fueling the demand for touch less…

The identification and security systems deployed across organizations have evolved a great deal in the past few years. Many recent advances introduced in these systems have considerably benefited businesses worldwide in fortifying their security. Next generation biometrics is one such technology that has been witnessing rising demand around the world. Biometrics technologies are automated methods used for verifying and authenticating the identity of a person…

Performance Reporting and Real-time Optimization Provided by Smart Grid Analytics to Propel Smart Grid Analytics Market

Smart grid analytics are solutions utilized for analyzing a huge amount of data generated via smart grid systems. Smart grid analytics are employed for gaining an enhanced predictive evaluation of grid conditions and consumer behavior and hence help optimize the efficiency of grids. The prime factor stimulating the growth of the…

Big data is the humongous amount of information, both structured and unstructured, that is generated from everyday functioning of various sectors across all walks of life. The high volume of big data generated across the world has necessitated the development of technological tools that can make this information utilizable. These tools have taken many form, from the previously used SQL (structured query language) to advanced DBMS (data base management systems). Hadoop is the newest and most…

The ‘Bell curve’ or the ‘Gaussian bell curve’ is one of the fundamental concepts on which most of the statistical analysis is based. From social sciences to astronomy to financial services- most of the application of statistics in the real world relies on the assumption that the data being analysed is distributed in the shape of the bell…

The ‘Bell curve’ or the ‘Gaussian bell curve’ is one of the fundamental concepts on which most of the statistical analysis is based. From social sciences to astronomy to financial services- most of the application of statistics in the real world relies on the assumption that the data being analysed is distributed in the shape of the bell curve.

What does…

Merriam-Webster defines analytics as “the method of logical analysis.” In business, analytics is the process of analyzing quantitative data to glean information about performance. This process is often used in marketing departments and in risk management. Analytics is also a very important tool for the management and maintenance of websites.

The field of analytics is growing, as more companies realize the benefits of the method. This is especially true for internet-based…