Technology

Science vs Technology

Does Science Shape Economic Progress?

We might think that scientific breakthroughs are necessary in order for us to have technological advancement. But as Lipton Matthews shows in this article, that isn’t necessarily the case. He says, “history has shown that science often lags technology” but “advancements in science propel technological growth.” One key concept to understanding this article is the difference between Science and Technology. The goal of Science is knowledge and understanding. But the goal of Technology is to mold the environment. Technology is the practical application of science.

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Musk vs Twitter

Elon Musk Ambushes Twitter

In the ongoing saga of Musk vs. Twitter, we first heard that the iconic billionaire founder of X.com aka. Paypal, Tesla, SpaceX, Hyperloop, etc. started acquiring significant quantities of shares of Twitter. On March 14, 2022, he had a 5% stake in the company. By April 1, he had 9.13% of the total outstanding shares, valued at the time at $2.64 billion, making him the largest shareholder in the company.

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Entity Extraction

What is Entity Extraction and Why Should You Care?

Entity extraction, aka. “entity recognition”, allows computer systems to grab chunks of data from documents and enter them into separate fields in a database. For instance, they can sort through emails, webpages, or even massive WikiLeaks documents and find names, places, addresses, phone numbers, or key phrases and sort them into useful databases.

Entity extraction uses Natural Language Processing (NLP) to find mentions of specific data and turn them into structured data. How this data is used can be either “good” or “bad,” depending on your frame of reference. Government agencies can use it to sort through massive quantities of data to track down terrorists. Advertisers can use it to target you with ads that you might be interested in and not show you advertisements that are just a waste of your time. And thieves and scammers can use it to find potential targets.

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Blockchain’s Role In Stopping Money Remittance Operations Scams

How Blockchain’s Unique Innovations Can Prevent Money Remittance Scams

 It’s not uncommon to hear the stories of vulnerable people falling for online scams. You’ve also probably had an email telling you that you’ve won the lottery in another country when you’ve never applied. And, of course, there is the legendary Nigerian Prince scam. On the surface, these scams sound amateurish, but these operations are much more complex than you might think with large-scale cooperation. There were 2.2 million reports of fraud in the United States in 2020. The actual number is likely to be much higher, but some people are too embarrassed to admit scammers tricked them. Money remittance operations are particularly at risk because the differences between financial systems between countries leave space for malicious actors to manipulate.

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Are 3D Printed Houses The Trend Of The Future

Are 3D Printed Houses the Trend of the Future?

Imagine being able to build all the walls of a whole house in just 12 hours! That is exactly what 3-D printed houses are promising. The house’s 3D printer process uses concrete in the construction which has many long-term benefits, including strength, and durability in addition to the rapid construction process. Walls are typically two or three layers thick with airspace in between which is then filled with an insulating material making the houses airtight, energy-efficient, and strong.

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Social Media

Will 2022 Be the Year of Massive Social Media Upheaval?

Social Media has come a long way since the early days of Facebook and Twitter. But recent years saw some cracks developing in their monopoly on the Social Media scene. The fact that Twitter could censor the words of a sitting President offended First Amendment advocates who in turn tried to form alternatives like the Social Media platform Parler. However, because of the wide reach of established hosting platforms, they soon realized that what they thought they owned was really just rented, and their landlords at  Apple Cloud communications company Twilio could simply terminate service to Parler.

Will 2022 Be the Year of Massive Social Media Upheaval? Read More »

The Future of the Metaverse

Metaverse vs. Multiverse- What are They? And Where are They Leading?

What Exactly is the Metaverse?

In October 2021, Facebook changed its parent company name to “Meta” to align the company with its ambitions to build the “metaverse.” NASDAQ.com believes that this rebranding will help boost the price of its stock in the same way that its name change to Alphabet boosted Google. By changing its name many believe that Facebook is signaling a change in corporate direction from a simple social media platform to a ‘meta-universe company’ i.e. one that combines virtual experiences with reality.

Is “metaverse” just the newest “Buzzword” or is “The Metaverse” like trying to explain the “The Internet” to someone in the 1970s? If you talk to CEOs like Mark Zuckerberg the metaverse is the future of the internet. But is this just hype or is it the fruition of the Sci-Fi dream of virtual reality and everything running via computers and holograms?

The term “metaverse” is said to have been coined back in 1992 by Sci-Fi author Neal Stephenson in his novel, “Snow Crash.” The idea was that virtual people aka. “Avatars” travel through imaginary worlds living out their dreams. In the book, Snow Crash Hiro Protagonist delivers pizza for Uncle Enzo’s CosoNostra Pizza Inc., in real life but in the Metaverse, he’s a warrior prince. By 2009, the idea of “avatars” was firmly embedded in the culture, and the movie Avatar had literal humans traveling to distant planets where they would virtually inhabit alternative bodies.

What are the implications of a shift toward the metaverse?

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Speed and Affordability: Cost of Internet Access Over Time

One of the fastest-changing areas of technology is internet access with “5G” currently being implemented across the country.   Not only are Speeds going up, usage is going up, and with the current pandemic, it has become a lifeline for many. Interestingly, although speeds are continuously increasing, costs are not. Overall, the trend is towards the decline, allowing people to get more for their money. While you can try to determine the way things are moving forward, the equation is likely far more complex than this and is liable to change with infrastructure or political events. Please continue reading for more insights and in-depth examination of the issue:

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5G

Top 5 Reasons Why 5G Will Change the Finance Industry 

They say 5G will soon change the way people do business. With its fast speeds, low latency, and huge data capacity,  5G promises an expanded mobile ecosystem. 5G will impact every industry, making safer transportation, remote healthcare, precision agriculture, digitized logistics — and more. Aside from the efficiency it promises, 5G allows industries to explore possibilities. With it, the world can discover, develop, or improve technologies, such as augmented reality and virtual reality. With 5G set to arrive this year, unparalleled levels of disruptions may be expected. This means organizations may have to prepare for a lot of things. After all, this new generation of network connectivity is set to reinvent the world, particularly the finance industry.

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