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Leveraging Applied AI to Sustainable Business Growth
Applied AI has been gaining traction in the market in recent times.
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Applied Technology Review | Saturday, October 08, 2022
With exciting solutions in critical business operations, AI is gaining momentum and observing considerable company adoption to accelerate business outcomes.
FREMONT, CA: Applied AI has been gaining traction in the market in recent times. It is moving away from the laboratory and getting integrated into business processes. AI has provided significant solutions for crucial business processes like talent acquisition, cybersecurity, market prediction, customer needs analysis and more. It is revolutionising industries and solving real-world challenges at a higher scale. Artificial intelligence is widely recognised as the greatest modern-day enabler for businesses worldwide, allowing organisations to automate minor tasks requiring manual labour intervention. This helps the workforce to focus on business-critical tasks that drive optimised outcomes.
In the customer services, lending, and credit industries, AI offers various applications with several use cases. Optimising AI to identify borrowers will become a mainstream practice for lending customer services. Banks and credit industry players are also harnessing AI to amass the digital footprints of people to recognise potential borrowers. AI can also help lenders find customers' creditworthiness and reduce default risks. Thus, banks and lending businesses can alleviate the overall financial threat by leveraging AI.
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Irrespective of the scale of their operations, any organisation can use AI models effectively to derive sustainable business outcomes. However, there are certain preconditions for manoeuvring AI. This includes AI alignment across organisations and their different departments, acquiring quality data from reliable sources, identifying techniques, matrices, and algorithms to model data effectively, and building an agile culture to cope with the changing AI landscape.
Ensuring the appropriate amount of AI alignment across companies, obtaining data engineers and data science specialists through external recruitment or internal mobility who can introduce quality data facilities for organisations, leveraging the right tactics and algorithms to model the data, and bringing people together to improve the AI adoption agenda will accelerate AI adoption within the enterprise. Although there is a serious lack of technical expertise needed to understand AI, businesses should nevertheless use it because technological advances have made complex AI and ML algorithms far more interpretable and flexible.
To make responsible and ethical use of AI, every AI project must run through system checks that scrutinise whether the initiative is socially beneficial and examine if it creates or reinforces any unfair biases. Companies have instituted several normative principles that define the AI applications or projects businesses will achieve and the ones they will abandon. A few broad dimensions that will determine and drive projects under responsible and ethical AI applications include safety, security, transparency, robusticity, and explainability.
With the steady growth of global AI adoption, artificial intelligence is expected to emerge as the fundamental driver of world GDP growth in the near future. The world will witness incredible AI and ML innovations, accelerating the adoption of contemporary technologies. Existing data assets can be processed by optimising advanced analytics and AI tools to build actionable insights and enhance business results.
Optical fiber, a technology that uses light pulses to transmit information, offers a significantly larger bandwidth than traditional electrical systems. It is popular in telecommunications and data communication due to its quicker speed, reduced attenuation, and lower susceptibility to electromagnetic interference.
Fiber optic cable types
Single-mode fiber optic cable: The "mode" in fiber optic cable refers to the path that light travels. It only enables one wavelength and pathway for light to flow, resulting in significantly lower light reflections and attenuation. Single-mode fiber optic cable, which is slightly more expensive than multimode cable, is commonly used for long-distance network connections.
Plastic optical fiber (POF): With a diameter of roughly 1 mm, it is a large core step-index optical fiber. The large size allows it to easily link large amounts of light from sources and connectors that do not require high precision. As a result, typical connector costs are 10-20 percent higher than those for glass fibers, and termination is straightforward. Plastic is more durable and can be installed in minutes with minimum tools and training. POF is more competitive for applications that do not require high bandwidth over long distances, making it a feasible solution for desktop LAN connections and low-speed short links.
Advantages of optical fiber
Thinner and lighter in weight: Optical fiber is thinner and may be pulled into smaller diameters than copper wire. They are smaller and lighter in weight than comparable copper wire cables, making them a better fit for areas where space is limited.
Cheap: Long, continuous miles of optical fiber cable can be less expensive than comparable lengths of copper wire. As more vendors compete for market share, optical cable prices are sure to fall.
Increased carrying capacity: Because optical fibers are significantly thinner than copper wires, they can be bundled into a cable of a given diameter. This allows for additional phone lines to be routed through the same cable and more channels to be sent to the cable TV box. ...Read more
Technological innovations are transforming home insurance, altering policy management and risk evaluation norms. These trends present challenges and opportunities for homeowners and insurers and are shaping the industry's future.
Sensitization: The Rise of Smart Homes
At the forefront of this revolution is the concept of sensorization. Smart home devices equipped with sensors are becoming increasingly prevalent, serving as the eyes and ears of the modern home. These devices can detect signs of danger, from potential burglaries to water leaks, and take preemptive actions to prevent damage. The data harvested from the sensors is invaluable for insurers, enabling more accurate risk assessments and potentially reducing premiums for homeowners who embrace this technology.
Low-Code Platforms: Democratizing Innovation
Another significant trend is the emergence of low-code platforms within the insurance sector. These intuitive tools empower insurers to develop and update applications rapidly without extensive programming knowledge. The result is a more agile industry capable of responding quickly to changing consumer needs and market dynamics.
The Internet of Things (IoT): A Connected Ecosystem
The Internet of Things (IoT) is also pivotal in reshaping home insurance. By integrating innovative technology into everyday living spaces, IoT devices offer insurers unprecedented insights into home safety and maintenance. This connectivity enhances policy customization and streamlines the claims process, making it more efficient and user-friendly.
Cyber security: Safeguarding Digital Assets
As the insurance industry embraces technology, cybersecurity emerges as a critical concern. Protecting sensitive customer data against cyber threats is paramount. Insurers are investing in robust security measures to ensure that the digital transformation of home insurance does not compromise their clients' privacy and trust.
The tech trends in home insurance are a dual-edged dagger. They offer the potential for greater efficiency and personalized service but also pose new risks and challenges. As we navigate this digital landscape, homeowners and insurers must approach these innovations with enthusiasm and caution. By doing so, we can harness the benefits of technology while safeguarding the principles of security and privacy that lie at the heart of the home insurance covenant. ...Read more
The European Unmanned Aerial Vehicle (UAV) industry is transforming operations and enhancing European efficiency. Previously valued at USD 9.32 billion, it is projected to reach USD 17.20 billion by 2034, with a compound annual growth rate of 6.32 percent between 2025 and 2034. Factors driving this expansion include automation demand, technological advancements, and evolving policy frameworks
Market Dynamics and Growth Drivers
Businesses are increasingly seeking to streamline processes, reduce human intervention in hazardous environments, and enhance data collection capabilities. The inherent versatility, flexibility, and cost-effectiveness of UAVs, coupled with their reusability, make them an attractive alternative for various operational tasks, particularly in areas inaccessible or unsafe for human presence.
Remote sensing technology is a significant booster for the European UAV market. Drones equipped with cutting-edge sensors, including multispectral cameras, are revolutionising data collection and acquisition. In agriculture, for instance, these systems accurately detect crop health, monitor irrigation efficiency, and identify pests and diseases with unparalleled precision, leading to optimised resource management and increased yields. The ability to collect granular, real-time data efficiently is making UAVs indispensable for remote sensing applications across diverse sectors, showcasing the potential of these systems in altering data acquisition.
Beyond data collection, the operational capabilities of UAVs are expanding. In logistics and transportation, the potential for autonomous package delivery is being actively explored, with pilot programs demonstrating the viability of transporting small packages, medical supplies, and food to remote locations. This provides a cost-effective and efficient solution for last-mile delivery, minimising human interaction and overcoming geographical constraints. The increasing need for extended flight times and enhanced operational capabilities in diverse applications further propels the demand for high-performance UAV solutions.
The integration of UAVs into various end-use sectors is a testament to their broad applicability. The military and defence sectors continue to be significant consumers, leveraging UAVs for intelligence, surveillance, target acquisition, and reconnaissance (ISTAR) purposes, as well as for combat operations, precision strikes, and military cargo transport. In the civil and commercial spheres, inspection and monitoring, surveying and mapping, and photography and film production are thriving segments. The energy and power sector utilises UAVs for infrastructure inspection and remote monitoring, while construction and mining benefit from their surveying and data collection capabilities. Border management is another area where UAVs offer enhanced surveillance, cost-effective operations, and rapid deployment.
Evolving Regulatory Landscape
The regulatory environment in Europe plays a crucial role in the continued growth and responsible integration of UAVs into the airspace. The European Union Aviation Safety Agency (EASA) has established a comprehensive framework categorising operations based on risk: "Open," "Specific," and "Certified." The "Open" category, for low-risk operations, covers most recreational flying and simple professional uses with drones under 25 kg, generally not requiring prior authority authorisation for each flight. However, basic pilot competency training and registration are mandatory for drones weighing more than 250 grams or those equipped with a camera. The "Specific" category addresses higher-risk operations that require operational authorisation, often through a Specific Operations Risk Assessment (SORA) or adherence to standard scenarios. The "Certified" category is for the highest-risk operations, such as those involving the transportation of people, which require certification similar to that of manned aircraft.
A significant development is the activation of European Standard Scenarios (STS) with the arrival of class-marked drones. These scenarios enable standardised flight operations across Europe for drones with C5 or C6 class markings, provided the pilot complies with the scenario requirements. While the core European regulations offer a common framework, individual member states retain responsibility for managing their airspace, establishing geographical zones, and incorporating specific requirements for urban operations, such as notifying law enforcement. This ongoing harmonisation effort aims to create a more predictable and unified operational environment across Europe, fostering cross-border operations and facilitating wider adoption.
Technological Advancements and Innovations
The European UAV industry is at the forefront of technological innovation, with Artificial Intelligence (AI) and Machine Learning (ML) playing a pivotal role. These technologies enable drones to navigate complex environments autonomously, process vast amounts of data in real-time, and perform sophisticated tasks without direct human intervention. AI-powered drones are leading the way in applications such as automated infrastructure inspection, real-time inventory management through rapid barcode or RFID scanning, and enhanced security and surveillance with intelligent anomaly detection and facial recognition capabilities.
Drone swarming, the coordinated operation of multiple drones, represents another significant emerging trend. Leveraging swarm intelligence, these groups of autonomous drones communicate and collaborate to perform tasks, covering larger areas and achieving greater efficiency than a single unit. These swarms integrate AI and ML to navigate obstacles and maintain synchronised operations, even in challenging environments, promising to revamp missions in areas such as reconnaissance, defence, and large-scale surveying.
Further technological advancements are evident in battery technology, with continuous innovations leading to increased energy density, improved cycle life, and enhanced safety features, translating directly into longer flight times and expanded operational ranges for UAVs. The development of advanced Battery Management Systems (BMS) further optimises efficiency. Connectivity is also evolving, with the integration of 5G and private LTE networks offering unprecedented reliability, low latency, and secure communication for UAV operations, which are crucial for critical applications such as remote infrastructure monitoring and real-time video streaming.
In the defense sector, there is a strong focus on developing more advanced MALE (Medium Altitude Long Endurance) and HALE (High Altitude Long Endurance) UAVs, with increased payload capacities, extended endurance, and enhanced avionics including automatic take-off and landing (ATOL), traffic collision avoidance systems (TCAS II), and detect-and-avoid (DAA) systems. The emphasis is on developing multi-tasking platforms capable of ISTAR, ground attack, and various maritime missions, including anti-submarine and anti-surface warfare. The integration of advanced electronic warfare capabilities, jam-resistant GPS, and satellite communications further enhances their operational robustness.
The Unmanned Aerial Vehicle solutions industry in Europe is experiencing growth and innovation. The coming years will undoubtedly witness further expansion and diversification of their applications, cementing Europe's role as a key player in the global UAV landscape. ...Read more
Subsea Fiber Cable Technology Enables Rapid Data Transmission Across Continents.
Subsea fiber cable technology has become critical to the modern communication infrastructure. Beneath the ocean’s depths lies a vast network of these high-capacity cables, connecting continents and enabling global connectivity. The transition from copper cables to optical fibers marked a significant leap forward in subsea cable technology. These fibers, which form the core of modern subsea cables, allow for the transmission of vast amounts of data using light, substantially increasing capacity and efficiency. Today, these subsea cable systems can span tens of thousands of meters. Such enormous capacity has only become achievable through years of innovation and evolution.
In the early days of subsea cables, challenges abounded. High-voltage transmitters were needed to overcome the cables’ inherent resistance. Moreover, the cables’ inductive and capacitive reactance were poorly understood, and it took years of development to address these issues. However, these challenges did not deter progress but spurred innovation.
Subsea transmission poses unique challenges in cable construction and operation. Overcoming physical impairments caused by thousands of kilometers of cable is essential. Amplification is still needed to counteract cable losses, and repeater systems must be powered remotely, roughly every 100 kilometers, from the cable landing station.
Subsea fiber optic technology has come a long way from its humble beginnings. Today, it connects the globe, enabling global commerce and communication. Advancements in this technology have not only increased capacity but have also improved reliability and efficiency. As our world becomes increasingly interconnected, subsea fiber cables will continue to be at the forefront of global connectivity, playing a pivotal role in shaping our digital future and enhancing global commerce and communication.
Technological advances have significantly benefited subsea cable operators. Coherent detection, combined with finetuning through error correction, modulation shaping, baud rate optimization, and other technologies, has allowed more information to be encoded in each optical wavelength.
Significant advances in subsea fiber cable technology have made these undersea networks even more indispensable in recent years. These advancements have enhanced capacity, reliability, and overall performance, contributing to the continued growth of the global digital economy.
One of the key reasons subsea fiber cables are crucial is their role in enabling global internet connectivity. In today’s interconnected world, where data transfer is integral to countless aspects of our daily lives, from social media to e-commerce, these cables are the unsung heroes making it all possible.
Subsea fiber cable technology advancements have increased capacity, allowing faster data transfer speeds. This means we can download and upload data more quickly, stream high-definition videos seamlessly, and engage in real-time online activities with minimal latency. These improvements enhance user experience and enable critical applications like telemedicine and remote work, which rely on stable, high-speed internet connections. ...Read more