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Digital Transformation: Data Literacy is Slowing the Rate of Adoption
Data collection is one thing. Being able to use it intelligently is another. Increasingly businesses are collecting data with the intent on improving their business by using new data tools and techniques. But their plans are often frustrated because their…
Artificial Intelligence and Machine Learning: What’s the Difference?
Artificial Intelligence is the imitation of intelligent human behavior by a machine or software algorithm. “Applied AI” is specific to a particular task like managing finances. “General AI” is less specific and describes a system that can mimic or perform…
Cryptocurrencies: Privately Issued Monies Pre-Civil War Couldn’t Survive. Will History Repeat Itself?
“Those who cannot remember the past are condemned to repeat it,” wrote George Santayana. History has its cycles and its ups and downs. Some compare what is happening now in the world of cryptocurrencies with currencies that private banks issued…
Big Data: Successes Shine Bright, but the Technology is Littered with Failures
In 2011, McKinsey predicted that “Big data will become a key basis of competition, underpinning new waves of productivity growth, innovation, and consumer surplus—as long as the right policies and enablers are in place.” It wasn’t just McKinsey that saw…
Robotics: The Engelberger – The Academy Award for Robotics
The Engelberger. It’s the top honor in the field of robotics, an award that has been presented annually since 1977. The award is named after Joseph F. Engelberger, the “father of robotics.” Engleberger was founder and president of the first robotics…