The Real Impact of Artificial Intelligence

The Real Impact of Artificial Intelligence

Artificial intelligence has become a game changer for our lives in many aspects. AI technologies have gone far and now they are in our pockets. New Technologies have impressed us in areas such as computer vision, machine translation and speech recognition.

 

AI is beginning to generate real economic value through the applications across several industries; just like expected. According to the consulting firm PricewaterhouseCoopers, the widespread adoption of AI will add about $15.7 trillion (£12.8 trillion) to global GDP by 2030. Most of that business value will come not from AI-focused companies, but from the infusion of artificial intelligence into traditional industries.

 

We can list the most common usage areas of AI as follows:

Automation of repetitive tasks

Helps us to automate repetitive tasks thanks to technologies like RPA (robotic process automation). RPA has a wide range of application including account management, back-office processing and various forms of data management. Another area of routine task replacement is the use of speech recognition and natural-language processing applications in telemarketing and customer services operations. Therefore, AI and its applications are freeing up people’s time so as to focus on more complex pursuits.

Personalization

Current developments brought personalization in many areas and every day we face new examples of it. Personalization provides better customer experience and therefore more satisfied customers. What’s important here is data privacy; and the newest solutions in the sector are being improved accordingly. AI will bring personalization to many other areas too, including banking, insurance, loans and investment. We have already seen personal recommendations of news, content and merchandise, and we will see this continue to expand.

Forecasting

For physical and online stores, AI is a game changer. AI-based applications are being used to forecast demand and sales; reshaping logistics and supply chain. Other top beneficiaries maximized outputs and minimized costs by forecasting are manufacturing and agricultural production companies.

Evaluation of performance

When we say “performance evaluation”, the first place we think of is either an office or a classroom. Soon we will see AI being used to give and grade homework and exams or projects, and to guide people through various exercises. This will free up teachers’ or employers’ time to focus on peoples’ qualities that will be critical to the new generations’ ability to thrive and adapt in the age of AI. We will see AI, though still incredibly complex, start to become part and parcel of problem-solving across our lives.

 

When it comes to AI’s impact on economy and society; it’s argued from 2 sides: is it beneficial or is it going to take over our jobs? Many users and professionals see AI as an engine of productivity and economic growth. Its positive impact on efficiency due to the ability of processing Big Data fast and easing the decision-making process is what makes AI so captivating.

 

On the other side, people argue the disruptive effects of AI on economy and society; their explanations are also satisfactory. Some potential harms are;

  • Prejudicial effects of huge AI-applier companies on wider economy,
  • Widening the gap between developed and developing countries,
  • Changing labor needs and increasing inequality as a result of it.

 

 

As the technology develops, we will begin to see it in many other industries including health. What do you think about the current situation and the future of AI? Share your ideas with us! Keep in touch to read more about technology. Follow us on Facebook, Linkedin and Instagram.

 

 

 

 

 

Sources:
https://www.wired.co.uk/article/artificial-intelligence-repetitive-tasks
http://www.europarl.europa.eu/RegData/etudes/BRIE/2019/637967/EPRS_BRI(2019)637967_EN.pdf
https://www.pwc.com/gx/en/issues/data-and-analytics/publications/artificial-intelligence-study.html

 

 

What is Cyber Security?

What is Cyber Security?

What is Cyber Security?

Cyber security is the practice of defending computers, servers, mobile devices, electronic systems, networks, and data from malicious attacks. Some call it information technology security or electronic information security.

U.S. Government warns people about rapidly escalating cyber-attacks; the government itself spends $13M annually for cyber security. National Institute of Standards and Technology (NIST) suggests continuous and real-time tracking of all electronic resources.

The concept of cyber security can be separated into categories:

  • Network Security: Aims to secure computers from network intruders such as targeted attackers or opportunistic malware.
  • Application Security: Making sure that software or devices are free of threats.

 

  • Information Security: Focuses on keeping the data privacy and integrity when storing and transferring.

 

  • Operational Security: Aim of this field of activity is to handle and protect processes and users’ decisions. Permissions that users have when accessing a network and the storage of shared data fall under this umbrella.

 

  • Disaster Recovery and Business Progression: Cyberattacks and breaches can happen to any business, of any size, and they have the power to do serious damage to the company. This field of activity defines how an organization responds to cyber-attacks or any other type of data loss caused by malware.

 

  • End-User Education: Focuses on the hardest part of protecting users: the users themselves. Anyone can accidentally introduce a virus to an otherwise secure system by failing to follow good security practices. Teaching users to delete suspicious email attachments, not plug in unidentified USB drives, and various other important lessons is vital for the security of any organization.

 

Cyber security is an emerging discipline that focuses on providing the best protection for electronic systems. We benefited from end-to-end encryption technologies when developing 11Sight applications to keep your data privacy at the highest level. At 11Sight, we educate our employees in fields of network, application, information and operational security.

If you want to keep on top of the ways to use video calls for your business in a secure way, check out our other resources. We are working with various forms of technologies to keep your business one step forward. Contact us to share your opinions!

Sources:
https://www.kaspersky.com.tr/resource-center/definitions/what-is-cyber-security
https://www.zdnet.com/article/the-dark-side-of-iot-ai-and-quantum-computing-hacking-data-breaches-and-existential-threat/
Real Estate in the Digital Age

Real Estate in the Digital Age

Real Estate in the Digital Age

As the World becomes more and more digital, so does house hunting. Today there are applications that let buyers search homes by location, neighborhoods or other features. This takes the competition to a much higher level because buyers can compare every house to another. What’s more, they don’t even have to contact the realtor to do so. It’s because reaching the realtor didn’t use to be as easy as one-click. 11Sight allows buyers to reach realtors with one-click and without any subscription or downloads.

Why do you need to be accessible with 1-click? To explain, we want to share some highlights from Real Estate in a Digital Age 2019 Report prepared by National Association of Realtors. If you don’t prefer to read, give us a 1-click call.

According to the research, a typical buyer searches for properties online via mobile devices. Detailed information about the property and the buying process are the most expected features of a real estate website.

All respondents search for more information online about their potential homes, and mostly, they prefer asking others’ opinion about the neighborhood, process or the property itself. With 11Sight’s 1-click high quality video calls, you can give the information they’ve been searching at first hand. The survey conducted within the scope of this research shows that, 35% of the respondents want to see other CRM tools as an additional technology provided by their broker.

information-sources-used-in-home-research

As the chart above shows clearly; home buyers prefer online websites more than all other methods when searching. Online video sites are emerging and according to the emergence of video, they are soon to be in the first 3 of this list.

Use of video marketingThe next chart is a proof of the emergence of Video Marketing. 38% of the respondents of “Technology Survey 2018” use video marketing in their business and 32% hope to use in the future.

11Sight’s technology is one of its kind, and it’s being used in many different sectors. It’s easy to use and it takes less than 5 minutes to integrate into your website. Are you curious about the technology? Contact us to find out how we can work together.

Sources:
https://www.nar.realtor/sites/default/files/documents/2018-technology-survey-09-18-2018.pdf
https://docs.google.com/viewerng/viewer?url=https://www.nar.realtor/sites/default/files/documents/2019-real-estate-in-a-digital-age-08-22-2019.pdf
https://www.nar.realtor/infographics/infographic-2019-real-estate-in-a-digital-age
Integrate Video into Your Strategy in 2020

Integrate Video into Your Strategy in 2020

Integrate Video into Your Strategy in 2020

 

You have created an app, a service, a product that your customers are using. In this day and age, it is important to provide a way for people to provide feedback or for you to provide customer support in one form or another.

 

For a non-mission critical service, support was only to provide an email. For mission critical ones, texting or leaving a text message. Sometimes voice message. It is time for you to start thinking about your video strategy.

 

Your customer is using video to communicate, and for many services, it is the best way to convey the problem and the scope of the problem. To be able to have a video call with someone using an internet browser, you need WebRTC. WebRTC is a necessary piece of technology that has allowed everyone to start thinking about the strategy since it removed the app-based video requirements.

 

However, the road hasn’t been smooth. It is only recently that Safari on iOS has allowed WebRTC based communications.

 

We are still waiting for the new Microsoft Edge based on Chromium to fully support video communications.

 

There are other browser variants that are still not fully compliant and therefore it has been difficult to have a universally functional video call.

 

What complicates the problem is that WebRTC, though necessary, is not sufficient; it allows browser to browser communications.

 

Though, using it in a mobile environment is not efficient, memory and power wise. Most mobile app providers that provide video are either using a standard base stack (like SIP) or their own proprietary protocols.

 

To have a cross functional video service, then we need to have seamless interoperability between mobile app stack and browser based WebRTC. The difficulty is not as much in having a solution, but having a solution that works across various platforms and their different releases still in the market.

 

This has created nightmare scenarios in testing and verifications for professionals and companies undertaking video solutions and services.

 

11Sight is an advanced WebRTC solution that works on various platforms. Our technology is 100% safe and it takes less than 5 minutes to start using. Request a free demo now or give us a 1-click call to experience the ease of 11Sight by yourself.

 

Positive News from 2019

Positive News from 2019

Isn’t it crazy that we can already call 2019 “last year”? Time flies and the World changes. There was some great news that made us happy “last year”. Let’s have a look.

The First Photo of a Black Hole

Reaction of Katie Bouman, who led the creation of an algorithm to produce the first image of a black hole. Katie Bouman was among a team of 200 researchers who contributed to the breakthrough.

Reaction of Katie Bouman, who led the creation of an algorithm to produce the first image of a black hole. Katie Bouman was among a team of 200 researchers who contributed to the breakthrough.

In April, scientists working on the Event Horizon Telescope revealed the first image of a Black Hole. A black hole has always been considered invisible, swallowing up light and emitting no detectable radiation; yet, they have shown us what’s the “unseeable”. Actually what we see is its silhouette — and it looks different than most people have expected. The image is of the black hole at the center of galaxy Messier 87 (M87) and shows glowing plasma surrounding the black hole itself, with the darkness at the center revealing the shape and size of the event horizon, as well as key information about how rapidly it’s rotating. With one black hole in the picture books, EHT is now looking at others — including Sagittarius A* at the center of our own Milky Way.

Quantum supremacy is here

Google-Sycamore-Quantum-supremacy

Google’s Sycamore Processor

Google leaked a paper, and the world changed — suddenly, quantum supremacy was here. That milestone, when a quantum computer could solve a problem that a standard computer couldn’t in our lifetimes, has been on the horizon for years, with Google predicting they would reach it by 2017, and rivals hoping to do the same. But this year, for the first time, researchers at Google used a quantum processor called “Sycamore” to solve a random sampling problem. Sycamore took three minutes and 20 seconds to spit out an answer; the best of our current supercomputers would take 10,000 years. Quantum supremacy is only the first milestone, but it’s now been reached.

Britain went two weeks without coal

windfarm-one-hornsea

Hornsea One Windfarm

In 2019, the UK hit a major energy milestone: between July and September, renewable power sources produced more electricity than fossil fuels did for the first time. During the three months, renewables produced an estimated 29.5 terawatt hours (TWh) of electricity, compared to 29.1TWh produced by fossil fuels, according to Carbon Brief. Wind power, in particular, has improved this year: the world’s largest offshore windfarm, Hornsea One, in Yorkshire, began generating power in February. Meanwhile World Wildlife Fund (WWF) Scotland revealed in July that Scottish wind turbines produced enough electricity to power 4.47m homes.

We hope that the new year will bring much more news like these! Don’t forget to check 11Sight’s offers to make a fresh start for your business. Have a great year!

Sources:
https://www.cbc.ca/news/technology/event-horizon-telescope-black-hole-photographed-1.5081243
https://www.sciencenews.org/article/black-hole-image-event-horizon-telescope-top-science-stories-2019-yir
https://www.technologyreview.com/lists/technologies/2019/