jKool Blog

22 11, 2017

Internet of Things: Opportunity for Financial Services?

By |November 22nd, 2017|Financial Services, Internet of Things|0 Comments

Will financial services be able to leverage the vast amount of insight available from Internet of Things (IoT) technology for the benefit of the consumer as well as the institution? A report from Deloitte and insights from several banking leaders provides a glimpse into the future.

The Internet of Things is defined as a way for devices that are connected to the Internet to communicate and share information with other ‘smart’ devices in real time. In context, these sensors would leverage the capabilities of big data, analytics and even artificial intelligence to anticipate needs, solve problems and improve efficiency.

Estimates of the size of the IoT market vary. Analysts and technology providers forecast added economic value of anywhere from $300 billion to $15 trillion by decade’s end. And FSIs will most likely be active participants in this transformation.

We already have products that use sensing and communication technologies in a range of consumer sectors, such as self-driving cars, ‘smart’ appliances and geolocational sensing on mobile phones. We are also seeing applications in business, with assembly line management being a focal area.

With the benefits of IoT, comes challenges such as in the area of security and privacy. With the explosion of devices and sensors, cybersecurity takes on a whole new dimension – not just for institutions but also for consumers. With more digital connections and information being transmitted, digital vulnerabilities are likely to expand exponentially.

[…]

28 09, 2017

Internet Of (Medical) Things In Healthcare

By |September 28th, 2017|Digital Transformation, healthcare, Internet of Things|0 Comments

Internet Of (Medical) Things In Healthcare

Digital Transformation and the Internet of Things have brought many opportunities business and consumers alike.

The IoT means connecting devices and extracting, storing, processing and analyzing data from them in big data platforms that can then be leveraged for better decision making. It helps in predicting certain outcomes thereby helping with […]

5 09, 2017

Incorporating IoT? Plan to Incorporate Cybersecurity

By |September 5th, 2017|Internet of Things|0 Comments

The Internet of Things is rapidly capturing the attention of mainstream consumers both domestically and abroad. With a primary focus on interconnectivity, IoT-enabled devices like smart appliances and their corresponding smartphone apps are already making our daily lives easier. Such products are becoming so popular that it will soon be difficult to imagine life […]

28 08, 2017

The dynamics between AI and IoT

By |August 28th, 2017|AI, Internet of Things, machine learning|0 Comments

The dynamics between AI and IoT

AI is based on Deep Learning algorithms. Deep Learning involves automatic feature detection from data. AI techniques can be applied to a range of Data types including: Images and sound (CNNs), Transactional data, Sequences (LSTMs), Text (Natural Language Processing) and Behaviour (Reinforcement learning). With this background,let us see how […]

17 07, 2017

Internet of Things: Opportunity for Financial Services?

By |July 17th, 2017|Financial Services, Internet of Things|0 Comments

Will financial services be able to leverage the vast amount of insight available from Internet of Things (IoT) technology for the benefit of the consumer as well as the institution? A report from Deloitte and insights from several banking leaders provides a glimpse into the future.
By Jim Marous, Co-Publisher of The Financial Brand and […]

30 06, 2017

3 Tips for Managing Data in the IoT Context

By |June 30th, 2017|Internet of Things|0 Comments

Here are three tips for managing data in the IoT context to make sure your enterprise is ready to handle the explosion of IoT data elegantly.

1. Data Diversity

There is a lot of fragmentation today in the IoT sphere at all levels.

Apart from a lack of standard in device types and platforms a bigger divide […]

28 06, 2017

5 Ways The IoT Will Transform The Insurance Industry

By |June 28th, 2017|Internet of Things|0 Comments

The U.S. Insurance industry is the world’s largest insurance market where 6,118 companies, employing 2.5 million people, have net annual premiums of $1.1 trillion. Yet, despite its size and overall financial health, the insurance industry is likely to experience profound change driven by a fast growing and ubiquitous force – The Internet of Things […]

26 06, 2017

Three Ways IoT Is Shaping Consumer Behavior

By |June 26th, 2017|Internet of Things|0 Comments

1. The IoT is a new source of observational data for machine learning algorithms
A number of machine learning algorithms deal with predictive modeling. For example, a Fitbit tracker measures data such as the number of steps walked, heart rate, quality of sleep, steps climbed, and other personal metrics involved in fitness. While health apps […]

2 06, 2017

10 Emerging Technologies That Will Drive The Next Economy

By |June 2nd, 2017|AI, Big Data, Internet of Things|0 Comments

10 Emerging Technologies That Will Drive The Next Economy

Leaders should always be asking themselves What’s new?, What’s next? and What’s better?; that’s where the future is. And we can take deliberate steps to answers those questions…

What technologies will drive the biggest changes in industries over the next 10 to 20 years and create the […]

24 05, 2017

The dynamics between Artificial Intelligence and Internet of Things

By |May 24th, 2017|AI, Internet of Things|0 Comments

How does Artificial Intelligence (AI)  apply to Internet of Things(IoT)?

AI / Machine Learning for Data Science is far more than applying predictive algorithms to an IoT dataset.

Background

AI is based on Deep Learning algorithms. Deep Learning involves automatic feature detection from data. AI techniques can be applied to a range of Data types including: Images […]