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AI-enabled enterprise starts with education, not tech

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The AI-enabled enterprise won’t be built in a day. Take it from representatives at companies knee-deep in building…

AI hardware, software and services for their customers and clients, including IBM, Affectiva Inc. and Grant Thornton LLP.

At the recent AI and the Future of Work event hosted by MIT, these representatives provided advice on how CIOs can start to build the AI-enabled enterprise — as quickly as tomorrow morning. One of the first steps they suggested CIOs take? Get caught up on what the AI terrain looks like.

“The number one thing I would say is to invest the time to really understand what is happening in AI,” said Nichole Jordan, managing partner of markets, clients and industry at accounting and advisory firm Grant Thornton.

AI literacy is a must

Jordan pointed to AI Magazine and O’Reilly Media’s artificial intelligence newsletter as two “simple examples” of how CIOs can incorporate AI education into their daily routines and that of their teams. She described this as just “a sprinkling,” but said the reading material can encourage discussions about artificial intelligence and how its resurgence might affect the future of the company.

Reading up on AI could be worthwhile even for the smallest organizations, according to Jordan. “It no longer requires a multimillion-dollar budget to get AI started in your organization,” she said.

Nichole Jordan

Take mergers and acquisitions, which require advisors to monitor and analyze disparate and often siloed data sources such as patent filings or regulatory findings. Today, AI is doing that kind of work and even collecting metrics on company culture, customer feedback and employee engagement that it scrapes from sites such as Glassdoor.

“Over time, the AI is able to develop and monitor trends, patterns, make recommendations to you for potentially other companies to put into your acquisitions portfolio,” Jordan said. “It is about speed and accuracy and being able to analyze a lot of data that we didn’t historically have the opportunity to bring together into one place.”

Knowledge overhype

Affectiva’s Gabi Zijderveld echoed Jordan’s remarks, saying that education is a must.

“There’s so much hype and fluff around AI because every bit of technology today is [marketed as] AI,” said Zijderveld, chief marketing officer and head of product strategy at the emotion measurement company.

As CIOs familiarize themselves with what’s out there, they also need to get a grip on the appropriate opportunities AI can provide to their companies, according to Zijderveld. In Affectiva’s case, its first customers came from an obvious market segment.

Gabi Zijderveld

Media and advertising companies began using the emotion AI technology, which can interpret facial expressions in real time, to test their content and assess audience response. These days, customers include educators who use the technology to help children with autism decode facial expressions, as well as medical care workers who can use it to detect Parkinson’s disease or as a benchmark for facial reconstruction surgery.

Zijderveld also suggested CIOs look at industry best practices, talk to their peers, find out what competitors are doing and uncover good examples of applied AI, taking note of their results and the products and technologies that drove those results.

And she provided a note of caution for CIOs: Don’t fall into the over-engineering trap. “If you have an old-fashioned ruler that does the job, maybe you don’t need AI there,” she said. “Use the damn ruler.”

Lifelong learning is key

For Sophie Vandebroek, vice president of emerging technology partnerships at IBM, building the AI-enabled enterprise means developing employee skills.

“At IBM, in fact, we are being measured to make sure we take 40 hours of education every year on these kinds of topics,” she said.

Not only is training important, but hiring and bringing in the right skills is also key, according to Vandebroek. For AI-enabled enterprises to succeed, employees who know how to use AI tools, especially as they become more accessible, easier to use and embedded into workflows, will be critical.

Vandebroek cited IBM’s Project Debater product as an example of how AI could change workflows. The AI system has been trained to take a topic, craft an argument and debate its merits — in minutes. Vandebroek believes a technology like this could help companies work through difficult decisions they need to make, such as with an acquisition.

As part of that education, companies — from the board of directors on down — need to recognize the importance of trust and transparency, according to Vandebroek. She stressed decisions be explainable and that data privacy be made a priority.

Source: https://searchcio.techtarget.com/news/252452985/AI-enabled-enterprise-starts-with-education-not-tech

Blockchain

PARSIQ Integrated Into Polkadot For Smart Triggers Across the Relay Chain

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[PRESS RELEASE – Tallinn, Estonia, 11th May 2021]

PARSIQ, a platform that monitors data and automation across blockchains, bridging both on and off-chain apps and sending out user alerts once transactions are executed, now offers compatibility for smart triggers with the Polkadot Relay Chain.

A smart trigger is effectively a smart contract that is deployed into the PARSIQ ecosystem. It allows triggers from external chains to be passed to off-chain systems. It collects data across a variety of chains in real-time and then constructs an indexed composition of actions in any one chain in the process of reverse-engineering. It can validate and process a huge amount of real-time data simultaneously via its distributed data management layer by utilizing chain-specific feature extraction.

Building a Bridge

PARSIQ shares the same ideology as Polkadot, which is to bridge data across a huge network of chains, leaving all chains completely equal to one another, where each chain has its own personal real-world uses and strengths. This is a model which builds strength from numbers and enhances usability by combining the entire group of chains into one strong network.

PARSIQ, rather than being a chain itself, is the bridge between the chains and between off-chain applications too. Developers can build their own smart triggers using PARSIQ. These smart triggers react to events, plus they are able to store and alter data and also to learn from the data as they grow.

The platform, in addition to monitoring data and creating alerts, can also be used to deploy bots, as well as for areas like monitoring AML, performing automated accounting, and more. Each developer’s data stream is completely unique with its own branding retaining as well as its pricing structure, even while it is growing and learning from the entire network.

PARSIQ is now integrated across all of the major blockchains, including Bitcoin, Ethereum, Binance Smart Chain, Solana, Celo, Dash, and Algorand, to give users a way to simplify the automation of all their processes and applications off-chain, on-chain, and even across Layer-2 chains.

About PARSIQ

PARSIQ’s smart triggers have far-reaching functionality, including monitoring transactions, assets are withdrawn from a user, sent to other users, transfers exceeding a pre-set level, and many more. Developers can use the PARSIQ platform to build their own smart triggers for data workflow automation, storage, and learning here:

https://portal.parsiq.net/signup

Examples of workflows include:

Alerts of DOT transactions as they happen

Bridging events in the Polkadot Relay Chain (as well as other chains) with a simple user interface

Monitor data flow and create advanced analytics from the data

Alerting to strong potential trades

Usage for traders, platforms, and market researchers to build strong, data-backed pictures of the markets.

About Polkadot

Created by one of Ethereum’s founders, Dr. Gavin Wood Polkadot’s goal is to take blockchains to a state closer to Web3, where all on-chain activity is shared across a variety of chains. It is an intersection capable of translating architecture into one heterogeneous language for customizing side chains to connect with public blockchains.

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Source: https://cryptopotato.com/parsiq-integrated-into-polkadot-for-smart-triggers-across-the-relay-chain/

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Blockchain

Raze Network Kicks Off Testnet Phase With UI Community Voting

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[PRESS RELEASE – Singapore, Singapore, 11th May 2021]

Raze Network, the first Polkadot-based privacy protocol, is bracing to engage community members with our first testnet. Early birds will be able to provide feedback on the quality, function, and overall experience of the Polkadot-based privacy protocol.

This huge milestone clears the way for ‘Razers’ and collaborators to easily test drive the newest features and allows plenty of maturation time for these new features to be fully tested.

Our team already started designing the user interface of the privacy protocol we promised to launch. However, we want to resort to the collective wisdom of our community on how to actually bring this to realization, thus launching this UI Community Voting Campaign.

The beta testnet marks the latest step forward in Raze Network’s overall mission to enable the broader community to contribute to the evolution of our trustless decentralized privacy protocol.

Raze Network’s applications present the decentralized finance (DeFi) community with a cross-chain middleware solution on Polkadot for concealing transactions when operating on decentralized exchanges.

With a clear vision and solid use-case, the protocol-based solution leverages the Polkadot ecosystem to offer the required privacy layer for the crypto sphere. The privateness protocol aims to guard anonymity for all the DeFi stack on the Polkadot.

To achieve higher participation during the testnet, Raze Network is organizing a number of events, competitions, and challenges to encourage participants to actively test critical components of our ecosystem. Specifically, we will airdrop 1,000 $RAZE tokens to 10 lucky voters based on how many entries they generated to vote for the best UI style.

$RAZE is set to be the lifeblood of the Raze Network, designed as a utility token to represent participation in the ecosystem.

The launch of Raze Network’s UI testnet comes on the heels of several other recent milestones, including a robust set of developer resources and partnerships that continues to expand.

Just in April, we announced the strategic listing of Raze token on the popular DeFi platform, Uniswap. This listing closely follows our completed triple IDO event on three launchpads.

Interestingly, apart from going live on DEX exchanges, $RAZE tokens will also soon be listed on several tier-1 centralized exchanges.

This networked testnet release allows Raze to continue working with our partners towards the mass adoption of decentralized applications and smart contracts.

Since its inception, Raze Network sought to develop an infrastructure that is easy to understand and smooth to navigate. One where even new users can reap the benefits of a cross-chain middleware solution for anonymous transactions, payments trading, and mining.

Although the token launch is done, the real work starts. Most recently, we have completed the development of mint, transfer, and redeem contracts in Solidity. Currently, we are testing how to deploy these contracts on EVM.

Also, the major front-end and client modules that can invoke the aforementioned contracts have been developed.

About Raze Network

Raze Network is a Substrate-based cross-chain privacy protocol for the Polkadot ecosystem. It is built as a native privacy layer that can provide end-to-end anonymity for the entire DeFi stack. The Raze Network applies zk-SNARKs to the Zether framework to build a second-layer decentralized anonymous module.

It will then be imported as a Substrate-based smart contract. The objective of Raze Network is to enable cross-chain privacy-preserving payment and trading systems while protecting the transparency of your assets and behaviors from surveillance.

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Source: https://cryptopotato.com/raze-network-kicks-off-testnet-phase-with-ui-community-voting/

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Blockchain

First Spot: Coinbase’s App Surpassed TikTok, Instagram, and Facebook on iOS in the US

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Coinbase’s mobile application has become the most popular app on iOS in the US. With its rise to the top, it has surpassed some highly utilized applications like TikTok, YouTube, Instagram, Facebook, and more.

Coinbase Tops US iOS Chart

According to data from SensorTower, the mobile application of the largest US crypto exchange has taken the first spot in terms of the most popular free apps on iOS in the country.

The app enabling users to buy, sell, or simply hold various digital assets has climbed with several spots in the past few weeks.

As of writing these lines, TikTok – the Chinese video-sharing social networking giant that saw the light of day in 2016 takes the second spot.

Further down the list is YouTube, followed by other social media giants like Instagram and Facebook. Interestingly, Robinhood’s app is not even in the top ten. The iOS application of the financial services company takes the 12th spot.


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It’s worth noting that the top 50 free iOS applications have two Coinbase representatives. The exchanges’ wallet app is the 46th most popular application, which places it ahead of Uber, Google Drive, and Microsoft Teams.

Coinbase’s Rise

Taking the aforementioned first spot only validates Coinbase’s popularity boost in the past year or so. The company took full advantage of the ongoing crypto bull market, which has seen prices exploding.

Consequently, the firm reported a massive increase in terms of user base, volume, and revenue in the first quarter of 2021.

These impressive results came shortly before Coinbase became a publicly traded company. As CryptoPotato reported in mid-April, the firm’s shares (COIN) launched on the giant US exchange – Nasdaq.

Although some of the early backers sold off their stocks and prices suffered in the month that followed, Coinbase only intensified its aggressive expansion. In the latest endeavor, the firm agreed to acquire Skew – the popular crypto analytics company.

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Source: https://cryptopotato.com/first-spot-coinbases-app-surpassed-tiktok-instagram-and-facebook-on-ios-in-the-us/

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