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Showing posts with the label Big Data

PROS AND CONS OF E-COMMERCE

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  PROS AND CONS OF E-COMMERCE E- commerce(Electronic commerce) is the business of buying and selling things over the internet. E-Commerce operates in four of the major market segments  Business to business B2B Business to customer  B2C Customer to customer C2C Customer to business C2B Advantages of e-commerce  To the small business- to set up a shop or showroom and to maintain it requires a use investment and because of the online business facility, a small business can be set up with very little investment this give power to small businessman/businesswoman. Saves time- either we talk about the seller of the customer online shopping saves their time. Going to the market shop to shop requires more time and effort as compared to online shopping. Time flexibility- the services as we know are available 24/7 so the customers can view and shop products whenever they wish to. Comparison - customers can compare a large number of products easily and quickly w...

Booming Technologies

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  Booming Technologies Technology is the lifeblood of our existence. Without it, we cannot comprehend our daily activities which are intertwined with the world around us. Connectivity is the purpose; technology is the fuel that fulfills that purpose. The evolution of technology has given us variation in inventions. From innovation in agriculture to gunpowder, from locomotives to AI, technology has truly evolved. However, technology today is a step ahead of connectivity and is moving ahead to enable automation and artificial intelligence. . Why do things that can be done by others? Given below are some of the technologies under development and are likely to have a huge impact on the world (not in the order of rankings). Artificial Intelligence (AI) AI refers to enabling machines to think and mimic like humans. They are programmed to simulate human intelligence and exhibit traits such as problem-solving. In 1995, AI came into being as an academic discipline. AI was based on the assum...

Computerised world - 2020 year of digital boost

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  COMPUTERISED WORLD 2020-year of digital boost   As the world continues its battle to contain the novel coronavirus pandemic for more than 9 months now, it’s hard to remember a time before COVID-19 where there were no masks, no need to socially distance ourselves, running trains, busy roads, and whatnot. The lives of people around the globe came to a screeching halt earlier this year, with the virus forcing most to stay at home, order necessities online, and avoid physical interaction as precautionary steps. Stuck at home during the coronavirus pandemic, with movie theatres closed and no restaurants to dine in, people have been spending more of their lives online. Technology offers vital weapons for effectively monitoring and controlling disease outbreaks, as humans simply cannot operate and match the scale and speed at which artificial intelligence-powered machines can operate. Education, defense, medicine, business, entertainment, communication, and almost every other thing...

Artificial Intelligence - Can machines think?

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ARTIFICIAL INTELLIGENCE CAN MACHINES THINK?  -ALAN TURING, 1950 It was with this simple question that Turing changed the course of technology. Turing’s paper on ‘ ’Computing Machinery and Intelligence’’ (1950) was what set the base for Artificial Intelligence. Artificial Intelligence refers to the simulation of human intelligence in machines. In layman’s language it is that branch of computer science that aims to answer the question: Can machines think? It is an endeavor to replicate human intelligence in machines. It emphasizes traits of the human mind like problem-solving, learning and improving, decision making and so. Thus, the goals of AI include learning, reasoning, and perception. So it can be phrased as the ability in machines to rationalize and accordingly take a particular action that has the best chance at achieving a specific goal. HOW DOES ARTIFICIAL INTELLIGENCE WORK AI is based on the principle that human intelligence can be broken down into specific ways of working...

Data Analytics - Booming Job opportunities !

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You must have seen how businesses highly engage in sharing the post, writing blogs, special offers, discounts, etc.  In such a competitive market, you can easily find alternatives for every product. It has imposed a challenge for a firm to survive in the industry and thus, hold a strong market foot standing. 80% of businesses fail to achieve their set goals even after putting so many efforts.  This is discouraging and can demotivate a person.  It had become important for the competitors to find a solution to make their efforts more effective and efficient. ‘Data Analytics' was a catalyst or a magic bond that boosted the sales and efficiency of a firm. Does data analytic sound too technical? Don't worry, let this article help you. WHAT IS DATA ANALYTICS? Data analytics is concerned with the process of examining datasets to build conclusions from the information collected. It analysis the raw data and makes patterns to draw informative insights from it. Spec...