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You are viewing the posts by Muqbil Ahmar

Blockchains: US House of Reps, Fed Reserve, Honduras, Georgia test financial tech

Blockchains: US House of Reps, Fed Reserve, Honduras, Georgia test financial tech

The US House of Representatives recently gave the green light to the Blockchain technology, advocating that the new-era innovation be implemented as a “national policy for technology to promote consumers’ access to financial tools and online commerce to promote economic growth and consumer empowerment.” Federal Reserve governor Lael Brainard also recently remarked how the Blockchain technology could have a major impact on the financial system. “We are paying close attention to distributed ledger technology, or Blockchain, recognizing this may represent the most significant development in many years in payments, clearing, and settlement,” she said. Brainard also said that the Fed…
Demonetization: Mangalyaan on Rs. 2000 note shows renewed interest in Mars

Demonetization: Mangalyaan on Rs. 2000 note shows renewed interest in Mars

Space technology is making a big comeback, both nationally and internationally. The new Rs. 2000 note displays the motif of Mangalayaan on the reverse side, depicting India’s first venture into interplanetary space. This celebration of the space odyssey is not without significance. Mangalyaan or the Mars Orbiter Mission had sent back photographs of the red planet and signaled India’s grand entry into interplanetary missions. The Mars pictures sent back were well received and were considered path breaking. The orbiter tried to find out presence of methane gas on the planet to explore the possibility of the existence of life there.…
Demonetization: How Big Data could have unearthed Black Money in India

Demonetization: How Big Data could have unearthed Black Money in India

The Indian government has banned Rs. 500 and Rs. 2000 currency notes under the Demonetization drive. The exchange of such a huge number of notes is a Herculean task—millions of people hold that currency, with 85% of the monetary value of the economy held in those higher denominations. The drastic measures of Demonetization are supposedly aimed at curbing the so-called black money and ensuring transparency and rooting out corruption from the economy. However, with the advent of new technologies, it is possible to trace black money with much less pain to the population and less drastic consequences in nature. Modern…
Layoffs don’t solve any problems; they create new ones

Layoffs don’t solve any problems; they create new ones

Startups and enterprises, particularly those in ecommerce, have recently been doing substantial layoffs. They have been announcing job cuts and layoffs in hundreds. Taxi aggregator Ola fired around a thousand employees. It is reported that India's largest e-commerce marketplace Flipkart too laid off around 800 employees. The trend is global. Network giant Cisco is predicted to cut 14,000 jobs in 2017. Intel announced layoffs of 12,000 employees. Zomato and Foodpanda also fired people. Reasons for layoffs There could be various reasons for such indiscriminate layoffs, ranging from poor financials to over recruitment to bad management decisions—although companies always tend to…
Big Data Analytics reveals William Shakespeare didn’t write all of his plays

Big Data Analytics reveals William Shakespeare didn’t write all of his plays

Using new-era technology such as Big Data and Analytics, it is now confirmed that the world’s greatest playwright William Shakespeare collaborated with other playwrights in some of his plays. The New Oxford Shakespeare, which includes 44 William Shakespeare plays, identifies 17 as having been created in collaboration with other writers. The previous edition by the same publisher (1986) identified eight of 39 William Shakespeare plays as collaborative. A new edition of the complete works of Shakespeare names Christopher Marlowe—Shakespeare’s contemporary and the writer of immortal works such Doctor Faustus, Tamburlaine and the Jew of Malta—as a co-author of three of…
Did Donald Trump secretly employ Big Data Analytics for success?

Did Donald Trump secretly employ Big Data Analytics for success?

With Donald Trump becoming the next Republican President-Elect, there is no reason to throw Data Analytics out of the window. His win doesn’t necessarily mean Data Analytics, whose role was established for correctly predicting results during Barack Obama’s 2012 election, is all hogwash. A closer scrutiny of what’s and why’s and putting the dots together can solve the puzzle. From the beginning Trump dumped all data strategies in public. While others entered into partnerships with data strategists, Trump didn’t. He, in fact, criticized the role of data analytics in predicting the outcome. “I’ve always felt it [Big Data] was overrated.…
By 2020, less than 10% of smart city projects in India will be large scale: Gartner

By 2020, less than 10% of smart city projects in India will be large scale: Gartner

The absence of a framework-based holistic approach along with a feasible revenue model are several factors which are delaying large-scale smart-city projects in India, says Gartner, a global IT research company. It further says that though several small pilot projects are underway, no large city-wide projects are being announced. The research firm predicts that by 2020 less than 10% of smart city projects that are large scale would be implemented in the country. "While many Indian cities have announced smart city projects, a structured approach in selecting these projects has thus far been missing from most city councils," said Ganesh…
Big Data Analytics can improve productivity for oil and gas companies

Big Data Analytics can improve productivity for oil and gas companies

Modern technologies such as Big Data and Analytics are bringing wide-ranging changes throughout the world across industries and introducing new ways of doing business and disrupting traditional business models. One of the sectors where it is making remarkable interventions is the way energy majors function. The oil and gas industry is leveraging Big Data Analytics to improve productivity and explore new potential venues as it often finds itself bombarded with increasingly greater amounts of data during exploration and production activities. It is a virtual Tsunami. This is where Big Data Analytics comes into the picture. What is Big Data? Big…
Connected devices, IoT can alleviate India’s power crunch

Connected devices, IoT can alleviate India’s power crunch

Can you imagine a situation where your fridge senses a shortage of power and switches off, so that the electricity could be redirected to your power-hungry washing machine that you plan to use? Or when the AC decides to goes into snooze mode the moment you plan to use the mixer? Well, we cannot. But this is where the technology is headed. Internet of things (IoT) can help your energy-intensive appliances to operate more efficiently and iron out spikes in demand. Optimization is key to any plans of the country moving away from conventional sources of energy to alternative ones.…