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Top 7 Latest Technology Trends in 2024

Noah Davidson — Thu, 18 Apr 2024 10:01:45 +0000

Advancements in the tech world continue to transform every aspect of our lives. From mainframe computers to cloud servers, the evolution in the tech space has been rapid. Regardless of how and when this evolution occurs, it brings simplicity, agility, and efficiency to businesses and the lives of those who utilize technology. In 2024, the latest technology trends reflect the innovation that continues to happen in the tech industry.

Since the advancement of existing technologies and the emergence of new ones can affect business performance and growth, companies must keep up with them to stay competitive. In this article, we explore the top technology trends that will shape the future of industries across the board in 2024.

7 Latest Trends and Technology to Look Out for in 2024

From artificial intelligence and 5G technology to green technology and edge computing, here are the latest trends in technology that will shape 2024:

1. Artificial Intelligence (AI) Becomes More Accessible

Artificial intelligence remains top on the list of 2024 technology trends after gaining prominence in 2023. An interesting aspect of AI that will be refined this year is generative AI. This type of AI is capable of creating new ideas and content, including images, conversations, videos, stories, and music. In 2024, generative AI will continue to drive advancements in healthcare, education, e-commerce, and the creative economy.

Open-source AI solutions like OpenAI’s ChatGPT, Google’s Bard, Microsoft’s Bing Chatbot, and Meta’s Large Language Model Meta AI will continue to make AI accessible to the masses. These solutions remove the high costs associated with AI development. This drives innovation from startups and independent developers and will push AI accessibility a notch higher in 2024.

2. Strong Focus on Sustainable Technology

Among the latest technology trends is the focus on sustainable technology. As countries and businesses work towards realizing net-zero commitments, tech investments will be focused on solutions that minimize the impact of technology on the environment.

Environmental-friendly innovations that will receive widespread support include electric bikes, cars, and public transport. Other innovations may include solutions to novel environmental problems like carbon capture and storage and renewable energy technologies. In 2024, companies will embrace the green cloud computing concept where IT infrastructure and services prioritize the reduction of carbon emissions and energy consumption.

3. Emphasis on AI Governance & Ethics

Among the key emerging technologies to look out for in 2024 are AI ethics and governance. Although AI brings unparalleled benefits and opportunities to companies, it comes with immense responsibility. When it comes to AI’s impact on people’s lives, questions about its ethics, legality, data governance, and trust. As businesses scale up AI usage, they must be mindful of existing and new regulations to ensure compliance. In 2024, AI ethics and governance will be a priority for countries and businesses.

As AI technology advances, countries that lack AI regulations will seek to develop them while those with existing frameworks will focus on enforcement. At the corporate level, businesses will define their mission and principles for AI and establish governance structures that inspire confidence in AI technologies. They’ll also strengthen their compliance with existing laws and regulations like the General Data Protection Regulation, monitor upcoming laws, and develop risk mitigation policies.

4. 5G Technology Will Drive Extended Reality Adoption

Immersive technologies coupled with expanding applications and the convergence of augmented reality (AR), virtual reality (VR), and mixed reality (MR) are driving the transformation of extended reality (ER). The presence of 5G technology will accelerate the adoption of ER by facilitating remote access to immersive training, simulations, and interactions.

With its enhanced connectivity and super-fast speeds, 5G technology facilitates data exchange between devices, laying a solid foundation for a highly connected, efficient society. In 2024, this technology will unleash the metaverse through immersive extended reality experiences as businesses leverage its seamless connectivity, ultra-low latency, and efficient resource allocation to maximize growth.

A combination of AR and VR, and the metaverse is already revolutionizing the way people work and live. It takes users from the real world to the virtual one. Businesses can use the technology to create a virtual version of their real world where staff can collaborate, close deals, and conduct demos or training seamlessly.

5. Emergence of AI-Internet-of-Things (AIoT)

Among the latest technology trends 2024 is the emergence of AI Internet-of-Things (AIoT). Increasingly, tech devices are designed with WiFi connectivity. This means they can be connected to the internet. IoT is already facilitating data exchange between gadgets, including home appliances, devices, and cars through the internet. In business, IoT promises efficiency, safety, and better decision-making through data utilization.

But current trends point to something bigger- a convergence between IoT technology and systems that leverage AI and machine learning to respond to questions and make decisions. Projections show that over 200 billion devices will be connected to the internet by the end of the year. The majority of these will be intelligent smart devices augmented with AI.

6. AI Integration Makes Devices Smarter

Technology has played an important role in making operations smoother and smarter. Besides simulating humans, technology makes life easier and hassle-free through smart devices. By developing AI appliances, home robots, wearables, and work devices, data scientists will continue to make devices smarter. As more and more companies work on transforming their digital spaces, the demand for smarter devices will increase in 2024.

7. Preference for Edge Computing Over Cloud Computing

Another important new technology trend to expect in 2024 is the rising preference for edge computing. Although cloud computing adoption continues to grow, companies are beginning to realize its shortcomings as their data volumes increase. Edge computing solves this challenge by eliminating latency, and pushing data processing closer to where it is generated instead of sending it to a centralized server. As businesses seek to process time-sensitive data remotely with limited connectivity, we’ll see a preference shift from cloud computing to edge computing in 2024.

Wrapping Up

2024’s new technology trends show that the future of tech is indeed exciting. The growth trajectory in AI’s integration and accessibility is expected to continue across sectors. Emerging technologies will continue to offer new solutions to businesses and societal challenges. With a strong focus on green technologies and responsible AI, there’s no doubt that these trends will create a more sustainable, efficient, and connected future that benefits society as a whole.

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Exploring 5G Technology: 7 Innovative Use Cases

Olivia Carter — Wed, 29 Nov 2023 15:10:50 +0000

The launch of fifth-generation mobile technology (5G) has brought a new era of connectivity that continues to change the way businesses operate and how people live.

The shift from 3G to 4G was about faster connections, that’s not the case with 5G. The latter combines speed with low latency, higher reach, reliability, flexibility, and responsiveness, offering the mix necessary to support mission-critical applications.

Across the world, businesses are positive about the potential of 5G technology. Existing studies show that globally, 80% of companies believe that 5G networks will impact their operations significantly.

In this article, we explore 7 innovative use cases of 5G technology you need to know.

But first, What’s the Difference Between 4G and 5G?

5G technology is the latest wireless network that improves on 4G technology. The main difference between 4G and 5G is in radio frequencies. 4G uses less than 6GHz while 5G uses 30GHz or more. This high radio frequency gives 5G networks higher capacity and faster speeds.

The other major difference between the two networks is in wavelengths. Compared to 4G, 5G technology uses shorter wavelengths. The shorter wavelength means a single 5G base station can hold a big number of directional antennas. This feature alone allows 5G networks to support 1000+ more devices per meter than what 4G can support.

What are 5G Technology Use Cases?

Here are 7 innovative use cases of 5G wireless networks:

1. Industry-based Internet of Things (IIoT)

Manufacturing firms were among the first businesses to implement private 5G networks, and they are reaping huge benefits. With the high cost of machine replacement, industries can’t afford downtimes. Manufacturers use Internet of Things (IoT) sensors to monitor machine performance and get alerts on maintenance issues that may be coming up. IIoT sensors can only work in the presence of wireless connections.

5G technology allows industries to set up the wireless network they need to support these sensors. By offering low latency and high capacity, 5G provides reliable support for thousands of robotic machines and IIoT sensors in highly complex industrial environments. Strategic planning of wireless networks allows industries to ensure that service levels for plants are always met and that machines remain free of dead zones. Other leading industry use cases for 5G technology include performance and product monitoring and connection of legacy machines.

2. Augmented Reality in Sports

Another innovative 5G use case is in the streaming and viewing of sports events. Connectivity has become an integral part of sporting events. Fans not only want to watch sports events, they also want to check video highlights, get details about events, and share content on social media.

4G and Wi-Fi networks don’t have the connectivity capacity to keep densely populated spaces like stadiums connected. The 5G network is changing this experience. With this network, sports event organizers can give fans access to real-time data insights. For instance, fans can watch how fast a player is running by leveraging augmented reality.

3. Supporting Healthcare Operations

Healthcare is another area of 5G-enabled innovation. Hospitals are highly complex spaces featuring numerous machines, applications, patient sensors, and monitoring devices. All these equipment operate in huge spaces. Medical devices must always be secure and accessible. Patient information must also be accessible to the right staff and confidential.

IoT sensors are used to monitor the location and performance of critical IT infrastructure like ventilators, insulin pumps, EKG machines and many others. These sensors ensure proper maintenance and detect repair needs in these equipment. 5G technology provides reliable connection in hospitals to support the running and maintenance of all devices and machines.

Other use cases of 5G wireless communication in the healthcare sector include inventory management, automatic creation of work orders and secure service for patients and staff.

4. Outdoor and Indoor Entertainment

Outdoor venues and theme parks need a reliable network to support the numerous devices deployed to give users and visitors positive entertainment experiences. The speed, wide reach, and reliability of 5G makes it ideal for this purpose.

Since 5G has a huge capacity to support network devices, entertainment companies can place cell towers across parks to keep their staff and visitors connected without overwhelming the network. Other 5G technology applications in the entertainment industry include proactive maintenance of equipment through IoT sensors and providing guests with reliable and secure connections via neutral host services.

5. Shipping and Transport Management

Another innovative 5G technology use case is in shipping and transportation. In the shipping industry, huge warehouses must be connected for managers to have real-time updates. 5G is used to support IoT sensors fitted on shipping containers and pallets to share departure and arrival data automatically. This data helps businesses to track performance and accurately predict arrival times for new shipments .

In public and transport sectors, 5G supports fleet tracking and provides companies with real-time data to help them understand utilization and efficiency of vehicles. Additional 5G use cases in shipping and transportation include inventory management and automated time-stamping on shipments.

6. Driverless Vehicles

Autonomous vehicles rely on data to make changes within very little time. The 5G network can be used to support the operation of remotely operated vehicles by providing real-time data on traffic, weather, and safety updates. Although these cars are not widespread, 5G’s high capacity, ultra-low latency, and wide coverage is increasingly being leveraged to support their functionality by sharing data with each other to reduce congestion, prevent accidents, and improve safety. Increasingly, vehicle manufacturers are updating their patch security, and firmware, and upgrading vehicle features to utilize 5G technology.

7. Building Smart Cities

The concept of smart cities may sound far-fetched, but it’s currently happening. Already, some city governments are leveraging 5G technology to keep tabs on public utilities, give better services, and proactively monitor infrastructure. Innovative 5G use cases in smart cities include monitoring garbage trucks and dumpsters to determine waste levels and identify areas with high accumulation. Other cities use 5G networks to track highway congestion, conduct video surveillance, and provide secure internet for city residents.

Final Thoughts

The 5G mobile network is designed for high-speed transmission, higher network capacity and super-low latency. These features give high potential to support use cases that have not been explored before. From supporting Internet of Things devices in healthcare facilities, industries, and shipping facilities to facilitating real-time data access for autonomous vehicles, 5G is set to change the way businesses operate and how people live.

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Next-Gen Finance with 7 Exciting FinTech Innovations in 2024

Olivia Carter — Wed, 18 Oct 2023 12:34:48 +0000

FinTech is at the forefront of modern technological developments. With the FinTech space being worth over $179 billion, startups and innovators are all finding the next big thing in finance and banking. This article goes over 7 of those FinTech innovations in 2024.

Some of these innovations build upon existing trends that we’re seeing in the finance industry while some are completely revolutionary. That being said, here’s the list:

#1. Open Banking

A modern consumer in 2023 likes full control over their finances and banking. This includes payments, checking their credit scores, applying for loans, etc. FinTech startups are working on unique solutions to enable innovative experiences for these consumers. This is only possible thanks to open banking.

Open banking is a FinTech practice where banks and finance institutes grant third-party providers access to consumer data. This data may or may not include the user’s account details, transaction history, spending habits, credit scores, etc. Using this data, third-party providers enable unique finance applications that offer unique solutions for users. Since open banking involves sharing user data, the users have to consent to it.

This growing FinTech innovation is helping the industry by supporting new companies while providing better services to consumers. As a result of this, the value of open banking transactions worldwide reached $57 billion in 2023. Furthermore, experts believe it will grow even more in the coming years.

#2. Blockchain Applications

Cryptocurrency and blockchain have become highly controversial things to talk about these days. Some people are pro-crypto and will give you examples of people who’ve become rich overnight thanks to crypto-trading. While others who don’t like it will explain the absurdity of these currencies.

Regardless of your opinion on cryptocurrency, blockchain has huge potential to improve FinTech as it’s doing already. The blockchain enables distributed ledger technology (DLT) that allows you to record and share data across multiple data stores. Furthermore, blockchain enables other recent FinTech innovations like digital wallets, digital assets, decentralized finance (DeFi), and non-fungible tokens (NFT).

Things like smart contracts, digital wallets, and the blockchain make cross-border payments have faster settlement times, access to newer markets, lower costs, increased security, and greater transparency compared to traditional payment methods.

#3. Voice-Enabled Payments

Voice assistants are becoming a part of daily lives. Regardless of the brand of your smartphone, there will be a smart assistant to help you navigate the phone and the web. Voice-enabled payments is a FinTech innovation that allows users to make payments using voice commands. This can be done through a variety of devices, such as smartphones, smart speakers, and even point-of-sale (POS) systems.

To make a voice-enabled payment, you need to have a linked payment method, such as a credit or debit card, or a mobile wallet. When you initiate a payment, the voice assistant will verify and authenticate it using your linked payment method.

Voice-enabled payments offer a number of benefits to both users and merchants. For users, voice-enabled payments are convenient and hands-free. They can be made without having to type or enter any information, which can be especially useful when users are multitasking or in situations where they cannot use their hands, such as when driving or cooking. Voice-enabled payments can also be more secure than traditional payment methods, such as credit cards, as they use biometric authentication to verify the user’s identity.

For merchants, voice-enabled payments can help to improve the customer experience and increase sales. They can also help to reduce fraud and improve operational efficiency.

#4. Virtual/Online Cards

Cashless payments have been the primary mode of transaction for consumers. It is by and large better, faster, and easier than handing over cash. Some primary modes of cashless payments include online payments, debit cards, and credit cards.

The use of virtual cards is an emerging FinTech innovation that is making it easier for consumers to apply for new cards and use them conveniently. Since online shopping has become common, users relying on it completely don’t need to use their physical cards at all. Which begs the question, what if new users don’t ever need a physical card?

Virtual cards bring more to the table than just the convenience of applying and using them. They’re great for protection against fraud by limiting the amount of information shared during a transaction. They also offer spending control features like setting amount limits and choosing specific vendors only. As online shopping becomes even more mainstream than it already is, virtual cards will become better.

#5. Robotic Process Automation

Automation is a major trend this decade in every industry. Businesses want to maximize efficiency and reduce labor costs using automation in every possible part of the process. Robotic Process Automation (RTA) uses AI, computers, or any machine to perform specific tasks. These tasks can range from copy and paste to filling or moving forms.

Now, this isn’t exactly a ground-breaking FinTech innovation. However, it solves mundane problems and improves general tasks. In FinTech, RPA promises to improve customer experience, increase productivity, and make the accounting process better.

Some other important applications of RPA are KYC and AML procedures where RPA automates manual tasks and helps with abnormal activity detection. It also supports banks with tedious processes like mortgage lending and loan underwriting.

Some people fear that RPA is a major threat to many jobs. That concern has its merits but the fact remains; If banks and finance institutions want to offer better customer services, they need RPA in some capacity.

#6. Machine-Learning and AI

Machine learning (ML) and artificial intelligence (AI) are two of the most transformative technologies of our time, and they are having a major impact on the FinTech industry.

ML and AI are being used to develop new and innovative financial products and services, as well as to improve the efficiency and security of existing financial systems. Here are a few specific examples:

Fraud detection: It helps you analyze large amounts of data to identify patterns and anomalies that may indicate fraud. This can help banks and other financial institutions to detect and prevent fraud more effectively.
Credit scoring: It helps you develop more accurate and predictive credit scoring models. This can help lenders to make more informed lending decisions and reduce the risk of defaults.
Investment management: Access robo-advisors and other investment management tools that can help investors to make better investment decisions.
Risk management: Develop more sophisticated risk management models. Sara Qazi can help financial institutions to better manage their risk and protect their customers.

In addition to these specific examples, AI in banking is also being used to improve the customer experience in a variety of ways. For example, they can be used to develop chatbots that can answer customer questions and provide support 24/7. AI can also be used to personalize the customer experience by recommending products and services that are relevant to each individual customer.

#7. Mobile-Only Banks

Mobile-only banks are a type of fintech innovation that has revolutionized the way people bank. These banks operate exclusively through mobile apps, offering a convenient and affordable way to manage finances without having to visit a physical branch. They offer a wide range of banking services, including checking and savings accounts, debit cards, loans, and investment products. They also typically offer features that are not available at traditional banks, such as mobile check deposits, peer-to-peer payments, and budgeting tools.

One of the biggest advantages of mobile-only banks is their convenience. Customers can bank from anywhere, at any time, with just a few taps on their smartphone. This is especially appealing to younger generations who are increasingly using their smartphones for all aspects of their lives.

Another advantage of mobile-only banks is their affordability. Because they do not have the same overhead costs as traditional banks, mobile-only banks are able to offer lower fees and more competitive interest rates. This can save customers a significant amount of money over time.

Some of the most popular mobile-only banks in the USA that are nailing neo-banking are Moneylion and Upgrade.

Final Words

When it comes to FinTech innovations, these trends don’t just reflect the commercial space that affects businesses. They also dictate how consumers interact with finance and advancements in their banking experiences.

The post Next-Gen Finance with 7 Exciting FinTech Innovations in 2024 appeared first on Tech Research Online.

Rising Concerns and the Israel-Palestine War Impact on Economy

Emily Lawson — Tue, 10 Oct 2023 12:53:29 +0000

With the Israel-Palestine war, industries all around the world are suffering from losses and threats. Nations are facing cybersecurity issues, investors are panicking about stocks, and tech companies are struggling with the spread of misinformation.

One instance of it is social media platform X, formerly known as Twitter. X updated its policies to combat hate speech and videos posted and shared on the platform. The video had content of violence faced by Israel and Palestine which killed hundreds of civilians in both nations in the last few days.

This isn’t just limited to violence but also extends to false and misinformation with the Israel-Palestine war’s impact on the economy being significant.

Tech Companies Stumble As Falsehoods Spread

The speed at which false information and news went online after the recent attack on Israel is concerning. Tech platforms like Meta and X are struggling to fight this spread of misinformation. The lack of content moderation policies, layoffs, and cost reduction have restricted the platforms’ ability to solve the issue effectively.

This false scenario was made by fake accounts impersonating journalists and war-themed video games surfacing around the Israel-Palestine conflict. Social media users are bombed with fake combat photos and old videos from Syria to look like they were taken in Gaza.

Andy Carvin, from the Atlantic Council’s Digital Forensic Research Lab, told AFP, “Social media platforms are struggling to keep up with the constant churn of misinformation and incitements to violence.”

Cyber Threats Increase With the War

Two days back, the Jerusalem Post, Israel’s news agency, was hacked into. Its official X handle said that the website crashed ‘due to a series of cyberattacks.’ The Israel-Palestine war is likely to spread in cyberspace as experts have warned of multiple instances of intelligence hacking and grid disruption that would affect allied nations on both sides. Cyber warfare consultants said that Dark web assaults may also be carried out for commercial gains while the world may see increasing malware attacks.

Siddharth Vishwanath, an emerging business leader at PwC told Livemint, “Israel has one of the most advanced security systems in the world. The Hamas attack on Israel perhaps means there may also have been a tech hack to suppress intelligence gathering and alerts. It is escalating in the physical world, and it is likely to escalate into a full-blown cyber warfare.”

Volatility in the Stock and Oil Markets

US and European stocks fell on Monday after investors reacted to the war between Palestine and Israel. The US stocks made a comeback by afternoon in the trading session. The Dow Jones rose 197 points or 0.6%, the S&P 500 added 0.6% and the Nasdaq Composite rose 0.4%.

David Donabedian, chief investment officer at CIBC Private Wealth US told CNN, “Right now there are a lot of ‘maybes’ and ‘ifs’ — and a real lack of clarity. Markets will continue to look at everything it usually looks at including climbing bond yields and the Federal Reserve’s future monetary policy decisions.”

The European stocks that fell in the morning stabilized a bit in the afternoon with France’s CAC 40 index falling 0.6%, while Germany’s DAX index dipped 0.7%. London’s FTSE 100 inched up 0.03%, propped up by gains in the shares of oil companies.

The price of oil also faced major changes as US oil prices settled at $86.38 a barrel, while Brent crude futures climbed to $88.15 a barrel.

Final Words

The question right now is whether the impact of the war on all aforementioned issues will conclude or go on to impact other industries and regions. The situation is still volatile and so are the stock and oil markets.

The post Rising Concerns and the Israel-Palestine War Impact on Economy appeared first on Tech Research Online.

Israel-Palestine War’s Impact on Israel’s Tech Sector

Olivia Carter — Mon, 09 Oct 2023 11:31:09 +0000

On October 9, the investors and analysts said, the tech companies running in Israel are expected to reinforce security as they could face disruptions. The tech sector is on alert after Hamas gunmen from Gaza killed hundreds of Israelis and abducted an unknown number of people.

Stock and bond prices of Israeli companies plunged and many organizations were closed on Sunday as the Palestinian group Hamas rampaged through the towns of Israel on Saturday. In addition, militants also fired thousands of rockets in a surprise attack in Israel some of which reached Tel Aviv and led to airlines suspending their flights.

Jack Ablin, chief investment officer and founding partner at Cresset Wealth Advisors said, “It is a huge disruption to business as usual.” He also added that in a short while, resources can be redirected if the conflict expands, such as employees at tech companies being called up as military reservists.

Thoughts of World Leaders on Rising Conflict

Quincy Krosby, chief global strategist at LPL Financial in Charlotte, North Carolina, said there will likely be a “tremendous effort” to safeguard physical installations for companies based in Israel from attacks because some technology spending is tied to the military.

Nvidia, the world’s largest manufacturer of chips used in AI and computer graphics said, it had canceled an AI summit scheduled for Tel Aviv next week, where its CEO Jensen Huang was due to speak.

A spokesperson from Intel Corp. said on Sunday that the company was “closely monitoring the situation in Israel and taking steps to safeguard and support our workers.” However, he refused to say if the chip production was affected by the conflict.

Other tech giants like Microsoft, Amazon, Google, Meta, and Apple gave no response when requested for their thoughts.

Increasing Artificial Intelligence Use in the Military

There are 500 MNCs operating in Israel most of them are research and development centres after acquiring Israeli start-ups. These MNCs include Intel, IBM, Apple, Microsoft, Google, and Facebook. Especially with the coming AI regulations, the RnD needed to bolster up.

Prime Minister Benjamin Netanyahu in June said Intel was planning to invest $25 billion in a new factory in the southern city of Kiryat Gat. In his words, it is the largest-ever international investment in the country that can employ thousands of people and would add to its chip plants and design centers there.

Quincy Krosby said, “In the longer term, the tech and AI sector, where Israel has been a leader, could see increased investment because of the industries’ close tie-in with military spending.” “They will probably increase the investment in AI. When a country is caught literally off guard the first thing they look at – besides the obvious problems with intelligence – is what was missed within the security systems.”

He further added, “It could bolster support for more financial resources for tech for the military, which then ultimately transitions to the private sector tech companies.”

The tech sector in the past has shown perseverance in overcoming a number of conflicts with Hamas in Gaza. Apjit Walia the Managing Director at DVN Capital said, “The Israeli tech sector has historically bounced back from geopolitical tragedies.” If the conflict prolongs, that may not be the case this time.

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Amazon to Compete in the AI Race With up to a $4 Billion Investment in Anthropic

Olivia Carter — Mon, 25 Sep 2023 11:55:12 +0000

To compete with its cloud rivals, Amazon on Monday, 25th September announced a new investment deal. The eCommerce giant is investing up to $4 billion in a renowned startup Anthropic. As a part of the deal, Amazon employees and cloud customers will gain early access to the technology from Anthropic that they can use.

Anthropic, the San Francisco-based startup also committed to leaning on Amazon’s cloud services. This includes training the future AI models on large quantities of proprietary chips it would buy from the tech and computing giant.

The CEOs of Amazon’s cloud division and Anthropic announced in a joint interview that the immediate investment will be $1.25 billion. Also, either party will have the authority to trigger another $2.75 billion in funding by Amazon.

Both the companies declined to state how much ownership Amazon has in Anthropic or the startup’s latest valuation which was last estimated at $4 billion. Amazon however confirmed that it will not earn a seat on the board and that its stake amounted to a minority position.

The Motive of the Amazon-Anthropic Deal

With this agreement, Anthropic will use AWS Trainium and Inferentia chips to build, train, and deploy its future AI models. With it, they can benefit from the price, performance, scale, and security of AWS. The two companies are also partnering for the development of future Trainium and Inferentia technology.

AWS will also become the primary cloud provider for complex workloads including safety research and future foundation model development. Anthropic also plans to run a substantial workload using AWS cloud computing solutions.

Anthropic is also committing to AWS customers to provide access to the future generations of its foundation models. They will do that via Amazon Bedrock, AWS’s fully managed service for secure access to the industry’s top foundation models.

“We have tremendous respect for Anthropic’s team and foundation models, and believe we can help improve many customer experiences, short and long-term, through our deeper collaboration,” said Andy Jassy, Amazon CEO. “Customers are quite excited about Amazon Bedrock, AWS’s new managed service that enables companies to use various foundation models to build generative AI applications on top of, as well as AWS Trainium, AWS’s AI training chip, and our collaboration with Anthropic should help customers get even more value from these two capabilities.”

Tech Giants Hopping on the AI Hype Train

Amazon’s rivals Microsoft and Google brought significant development in AI this year. Microsoft is working with OpenAI to support its Bing AI Chatbot. Google just announced the AI tool Genesis alongside its primary Chatbot Bard.

With its rivals already in the AI game, Amazon had to step in with something. This deal also shows the current approach of cloud companies to secure ties with AI startups transforming their industry. How exactly this deal benefits Amazon is yet to be seen.

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China’s Tech Giant Huawei Reaches a Global Patent Deal With Xiaomi

Emily Lawson — Thu, 14 Sep 2023 13:52:24 +0000

Huawei Technologies on Wednesday signed a global patent cross-licensing deal with Xiaomi Inc. The deal will cover multiple communications technologies like 5G.

Alan Fan, Head of Huawei’s Intellectual Property Department said, “We are delighted to reach this licensing deal with Xiaomi.” He added, “This licensing agreement once again reflects the industry’s recognition of Huawei’s contributions to communications standards and will help us enhance our investment in researching future mobile communications technologies.”

Marking the Resolution of a Patent Dispute

The local Chinese media in March reported that Huawei was suing Xiaomi for an alleged breach of four registered patents. Mainly related to wireless communication technology, smartphone photography, and screen lock technology. This deal resolved the patent dispute between the two companies and will be in effect for 10 years. Later on, the companies can renew the agreement or negotiate a new one.

Ran Xu, Xiaomi’s General Manager of Corporate Business Development and IP Strategy, said, “we are glad to reach a patent cross-licensing agreement with Huawei. This shows that both parties recognize and respect each other’s intellectual property. As part of our commitment to our values around IP, Xiaomi will, as always, respect IP, seek long-term and sustainable IP partnerships for shared success, drive technology inclusion with IP, and allow more people to benefit from technology.”

Huawei also has patent license contracts with other tech corporations like Oppo and South Korea’s Samsung. Last month it renewed a similar agreement with Ericsson.

In July 2023, Huawei revealed that it had received $560 Million in royalties revenue in 2022. This made them earn more than they had paid in royalties over the last two years. This diversion was because of the decline in handset sales which meant it needed to pay less to the intellectual property holders.

Getting Access to the Finest Technology Between Both Smartphone Makers

Both companies can benefit from this deal in terms of invention and innovation. Huawei is one of the leading telecom equipment manufacturers and Xiaomi is the third-largest maker of smartphones in the world. With this deal, both companies will gain access to some of the finest patents.

Huawei will get a boost in developing new products and services with access to Xiaomi’s patents. And Xiaomi will not need to pay patent licensing fees to Huawei for using its class-leading communication tech. This cross-licensing agreement will help both companies develop 5G products and services too.

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Outsourcing IT Consulting Services Benefits Explained

Piyush Rathod — Thu, 27 Jul 2023 15:19:42 +0000

Were you already enlightened about the fact that your company can cut costs by hiring IT service consultants? Did you know that 43% of companies hire consultants only to minimize costs?

Yes, companies hire to cut down on the hidden costs that occur unknowingly a lot of times. Besides that, there are other perks to outsourcing a team of professionals for the company’s betterment.

What are the remaining 57% of companies hiring for? Then there you go! These companies hire outsiders to deal with the other crucial aspects, which usually add value to the company.

To know what perks these IT Consulting Services bring to your business organization, you must stay in tune and read this article until the end for a better understanding.

What is IT Outsourcing?

IT Outsourcing refers to using third-party or external service providers to ensure additional effectiveness and efficient delivery of IT-enabled application services, business processes, and infrastructure solutions for advancing business developments.

IT consulting services also deliver services such as cloud computing enabled Outsourcing, software as a service, and utility services, which aid the clients in enhancing the development of the stipulated resourcing tactics and vision, developing a promising contract, selecting the best IT service provider, and regulating the deals for an endurable win-win relationship with the third party providers.

Outsourcing comes in handy while also helping minimize the cost, providing various benefits of expertise, and speeding up time to market.

Benefits of Outsourcing IT Consulting Services

Outsourcing IT Consulting Services has numerous benefits that facilitate business organizations and management. They also come in handy when the business is in trouble or seeks assistance. And here is a list of benefits you can discern to understand it better.

Helps in reducing costs

Does hiring IT service consultants help in minimizing the cost? If you are hounding around the same question, let us make it very clear to you that yes, they will indeed help in cost reduction, but how?

When you are hiring a third party to look after your business, then you can expect them to be effective, experienced, expert, quantitative, efficient, and overall possess a professional trait that enables you to provide only the best result while cutting down the cost of an in-house IT department where there will be expenditure on taxes, payroll, training and programs, and infrastructure, which if not ignored will add on to the cost, making things more expensive.

Also, outsourcing to experts will enable you to design a decent budget with no unnecessary costs.

Increases Expertise

Do you want your company to be operated by a team of experts and professionals? Then there you go! Custom software development agencies have your back on this. Hiring an outsourcing team will manage the IT teams of your business organization while adding additional value and improving the overall business.

If you think your IT manager can do that for the company, let us tell the truth. It is not feasible with just one supermind, but you will need a team to make everything fall into place without any obstacles. Their Outsourcing will undoubtedly increase their overall expertise.

Increased Productivity

Many companies need to maintain the optimum or even the required productivity, which does not provide the desired results. But you want to see an upswing in the productivity of your company. In that case, IT Service consultants are the life savers for your business organization, uplifting the productivity of the employees and the organization with their improvised tools and techniques that only do the best for your organization.

The IT consultants are always updated and are dynamic in adopting the changes that take place, making the work hassle-free and faster than any other employee.

Increases Security

You need to stay away from insider threats and the loss of valuable data. Then you must consider investing in IT Consulting Services to increase your security and protect your valuable data from any loss or transfer. These consulting services render services such as backup, network security, and data recovery, which are significant aspects of the business organization’s perpetual succession.

Handing over such a crucial segment of work to the internal staff might not be the right idea, as they might have little knowledge but no expertise. So hiring a team from an outsourcing agency will do the job for you. Besides protecting the data and increasing security, they add value to the company by enhancing its performance.

Open doors to service quality

Does your business organization need more quality services? Providing a quality service is what most businesses look for. Still, unfortunately, not every company has a dedicated team of employees who can do it with ultimate zeal. And this brings down the company at some point.

When the custom software development agency walks in, they revolutionize your company with all their skill set, expertise, productivity, desire, and other premium qualities. They identify the core problem your company is lacking, analyze it, and then find a promising solution to work on it to bring up the perished quality.

Ensures Flexibility

Does your company possess flexible assets to change accordingly? If your answer is NO, you should keep those assets aside for a while and hire a team of experts to ensure flexibility and adaptability to new changes and circumstances.

Businesses cannot operate on a constant spectrum but must change due to different policies. Sometimes the systems will be curbed by bugs, viruses, and errors, and to deal with all this with extra knowledge, care, and assistance, you need to hire IT service consultants, for they help you deal with the required traits.

Dedicated Outsourced Team

Sometimes the main purpose of investing in IT Consulting Services is for the additional assistance required to take on new and long-term projects, as the employees of that organization might be occupied with other work and projects.

When you have a new and dedicated team to deal with other projects, there will be no assortment of different projects; work will go at a good pace; meeting deadlines will be prompt, and demands and requirements will be easily accepted. And in the end, the outcome will be the desired outcome.

Conclusion

Switching from an in-house to an outsourcing company is much needed for the business organization to comprehend different business areas with new teams and minds. Custom software development services company are mostly available to render their services to the best of their ability to help you deal with different aspects of your company.

If you want to approach a skilled and experienced agency, we have the best suggestion. ultroNeous is a service agency that provides rendering services such as custom software development, staff augmentation services, digital marketing services, and IT consultation and assistance. It has experts in each field with hands-on experience, providing only the best for the customers.

The post Outsourcing IT Consulting Services Benefits Explained appeared first on Tech Research Online.

Nothing Phone 2: Launch Date, Specifications, Pricing, Rumors, and Everything to Expect in Today’s Launch

Tech Research Online — Tue, 11 Jul 2023 12:52:23 +0000

Much of the Nothing Phone 2 Launch has already been leaked, including several crucial features and characteristics. However, the premium Android phone’s availability and price are yet to be revealed.

At the same time, Nothing might reveal more information about Nothing Drops, where fans and customers will be able to try out and purchase the Nothing Phone 2 and Black Ear 2 noise-canceling in-ear headphones.

More About the Nothing Phone 2 Leaks

According to early device leaks, the Nothing phone 2 will closely resemble the design of the Nothing phone 1, which has a transparent back with the Glyph Interface hidden beneath it. Thus, even if this phone continues to be distinctive, the leaked photographs clearly show certain alterations. A 4700mAh battery, 6.7-inch AMOLED screen, and Snapdragon 8+ Gen 1 chipset are what we anticipate.

Moving on to the cameras, we anticipate that the main and ultrawide cameras will be powered by a pair of 50 MP units. We anticipate that it will once again lack optical zoom. But, it will be reasonably priced for a sub-flagship model.

Above all else, the software deserves a lot more focus. With Nothing, Carl Pei initially wanted to make the technology invisible and the experience smooth. Even though it hasn’t fully happened, software plays a big part in this, thus improvements are to be expected. We are aware of a collaboration with the Swedish House Mafia to offer a sound bundle for a new Glyph Composer that will enable you to create custom Glyph ringtones.

Another significant change is that Nothing will now focus its upcoming launch on the US market. After some success in other areas, the business will now enter a massive new market and compete with companies like Samsung and Motorola.

Nothing Phone 2 Specifications (Expected)

Display:	6.7-inch FHD+ AMOLED display with 120 Hz refresh rate
Processor:	Snapdragon 8+ Gen 1
Cameras:	50 MP Sony IMX890 main camera with OIS + 50 MP Samsung JN1 ultra-wide-angle sensor at the back, 32 MP shooter at the front for selfies
OS:	Android 13 with Nothing OS 2.0
Battery:	4,700mAh with 33W fast wired
RAM	12 GB
Storage	128 GB
Wireless charging	15 W

Nothing Phone 2 Design (Expected)

Nothing Phone 2 comes with a new Glyph Interface which has 33 different types of effects added to it. We also expect it to have curved aluminum edges and IP 53 certification. Moreover, it will come with a new Nothing OS 2.0 for better performance and overall functioning.

Nothing Phone 2 Price (Expected)

Although we still don’t know about its price, the users anticipate it to be more expensive than previous versions. Nothing Phone (2) is anticipated to start at $479 and include enhanced capabilities.

When is the Nothing Phone Event?

The debut of the Nothing phone 2 is set for July 11, 2023, at 16:00 BST. The local time and date are as follows:

San Francisco – 08:00 PDT
New York – 11:00 EDT
London – 16:00 BST
Berlin – 17:00 CEST
New Delhi – 20:30 IST
Tokyo – 00:00 JST, 12 July
Sydney – 01:00 AEST, 12 July

Where to Watch the Nothing Event Online?

The debut of the Nothing Phone (2) is being streamed live on the Nothing website and channels; you can also stop by in.nothing.tech as a streaming option, and discover more about your country’s specific schedule.

The post Nothing Phone 2: Launch Date, Specifications, Pricing, Rumors, and Everything to Expect in Today’s Launch appeared first on Tech Research Online.

How Technology can Help Grow Your Small Business with These 5 Ways

Tech Research Online — Tue, 15 Dec 2020 13:31:57 +0000

Introduction

Today’s customers anticipate personalized customer service at all times. What’s more, they expect this from both small and big companies.

Big businesses have enough resources enabling them to utilize technology to offer 24/7 personalized customer service. On the contrary, small businesses lack such resources and the in-house skills needed to leverage technological advancements.

Luckily, there are plenty of cheap or free technical solutions for the growth of your small business.

Here are five ways technology can help grow your small business.

1. Automation of Processes

Technology has made the automation of processes and services in businesses possible. These actions help your small business to save on both money and time.

Automation also allows you to offer a high-quality customer experience around the clock. With the advancements in the mobile app development process, close to 45% of business activities can be automated.

New automation technology such as Artificial Intelligence (AI) and machine learning have taken over the business world.

For example, the use of AI chatbots has revolutionized the online customer service experience. Most businesses have now integrated AI chatbots into their websites and mobile apps to offer quality and timely customer service.

Similarly, your small business can utilize AI chatbots to automate online customer service for a better customer experience. Improved customer experience leads to more sales and increases customer-to-customer referrals to your business.

Your small business can also automate other processes, including collection, organization, and analysis of data. Ultimately, this will cut costs, save on time, and offer excellent services, resulting in your small business’s desired growth.

2. Digitized Marketing Campaigns

The conventional marketing strategies through Television, print media, and radio are expensive for small businesses. Using technology, small businesses can now employ digital marketing strategies that are either free or affordable.

Small businesses don’t require big marketing budgets to create pay-per-click or social media ad campaigns with technological advancements. Since such marketing campaigns get linked to the company’s sales pages, more sales are made, resulting in business growth.

3. Cloud Computing

In the past, manual storage of information led to many data challenges. Small businesses had issues with where to store their data safely.

However, with advancements in technology, data can be stored securely in the cloud as it allows encryption.

Also, passwords and other security measures are implemented to enhance data security. Small businesses can back up their data making it safe and easy to retrieve using cloud computing technology.

Cloud storage grants users access to business resources and digital assets from any part of the world.

Additionally, cloud computing enables users to collaborate when working on business projects and allows businesses to store much data. With all these benefits, cloud computing can play a crucial role in business growth.

4. Online-based Sales and Payment Systems

Technological advancement has made it possible for small businesses to integrate online-based payment systems into their commercial websites.

Because of payment flexibility, many small businesses have expanded their online market segments.

Currently, consumers embrace the convenience of placing orders and paying for them from their comfort zones. By integrating web-based payments systems, small businesses can attract such clients and realize extra sales.

5. Project Management Applications and Software

Small businesses can utilize project management software to organize and manage in-progress projects. With such technological advancements, business owners can centrally see who’s working on which task and their progress.

Project teams can view schedules and project calendars through the software. Markedly, this helps your small business to coordinate activities seamlessly.

Project managers can also share and communicate with teams important information through the project management software.

The utilization of these applications and software promotes timely communication and sharing of essential resources. These aspects promote effective and fast completion of projects.

Ultimately, your small business will expand and grow due to the streamlined and simplified execution of projects:

Technology is a powerful tool at the disposal of small businesses. This tool can revolutionize their business processes.
Technology is a low-cost business solution for enhancing brand awareness and boosting customer experience.

Conclusion

Whereas there are many ways technology can promote business growth, the five methods discussed in this post can be a good starting point.

You can begin by automating some of the processes in your business to realize efficiency and cut costs. Your business can also create digitized marketing campaigns, store data securely in cloud storage, and increase online sales through web-based payment platforms.

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