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What is IOT (Internet of Things)?

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  The Internet of Things (IoT) describes the network of physical objects - "things” - that are embedded with sensors, software, and other technologies for the purpose of connecting and exchanging data with other devices and systems over the internet. These devices range from ordinary household objects to sophisticated industrial tools.     In other words, IoT is a system of interrelated computing devices, mechanical and digital machines, objects, animals or people that are provided with unique identifiers (UIDs) and the ability to transfer data over a network without requiring human-to-human or human-to-computer interaction.     A thing in the internet of things can be a person with a heart monitor implant, a farm animal with a biochip transponder, an automobile that has built-in sensors to alert the driver when tire pressure is low or any other natural or man-made object that can be assigned an Internet Protocol (IP) address and is able to transfer data over a network. With more

Metaverse: Facebook's new avatar - Part 2

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  In part 1 of the article , we introduced the metaverse and provided a definition of what it consists of and how it works. Let us look at Facebook’s vision of metaverse and who are the other players in the market. Facebook's vision of metaverse? The tech giant formerly known as Facebook has already made significant investments in virtual reality, including the 2014 acquisition of Oculus. Meta envisions a virtual world where digital avatars connect through work, travel or entertainment using VR headsets. Zuckerberg has been bullish on the metaverse, believing it could replace the internet as we know it. As per per news release from Facebook aka Meta, the metaverse will feel like a hybrid of today’s online social experiences, sometimes expanded into three dimensions or projected into the physical world. It will let you share immersive experiences with other people even when you can’t be together — and do things together you couldn’t do in the physical world. It’s the next evol

Metaverse: Facebook's new avatar - Part 1

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Recently Facebook CEO Mark Zuckerberg introduced Meta, which brings together their apps and technologies under one new company brand. Facebook will still continue to be known as Facebook but the governing company will be titled as Meta. Meta’s focus will be to bring the metaverse to life and help people connect, find communities and grow businesses. But what is metaverse? Author Neal Stephenson is credited with coining the term "metaverse" in his 1992 science fiction novel "Snow Crash," in which he envisioned lifelike avatars who met in realistic 3D buildings and other virtual reality environments. Since then, various developments have made mileposts on the way toward a real metaverse, an online virtual world which incorporates augmented reality, virtual reality, 3D holographic avatars, video and other means of communication. As the metaverse expands, it will offer a hyper-real alternative world for you to coexist in. Inklings of the metaverse already exist in

AIOps - Artificial Intelligence in IT Operations - Part 2

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  In first part of the article , we looked at what is AIOps, how it works and what benefits you have using AIOps in your IT Operations. Now let us look at some AIOps strategies and go through some tools that have come up in the last 5+ years. AI Ops Strategies Don’t wait. Become familiar with AI and ML vocabulary and capabilities today, even if an AIOps project isn’t imminent. Priorities and capabilities change, so you may need it sooner than you expect. Choose initial test cases wisely. Transformation initiatives benefit from starting small, capturing knowledge and iterating from there. Take the same approach to incorporating AIOps for success. Develop and demonstrate your proficiency. Demystify AIOps for your colleagues and leadership by demonstrating simple techniques. Experiment freely. Although AIOps platforms are often products of substantial cost and complexity, a great deal of open-source and low-cost ML software is available to enable you to evaluate AIOps Standardize

AIOps - Artificial Intelligence in IT Operations - Part 1

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  What's AI Ops? AIOps means Artificial Intelligence in IT Operations. The term was coined by Gartner. AIOps is the application of machine learning (ML) and data science to IT operations problems.  AIOps platforms combine big data and ML functionality to enhance and partially replace all primary IT operations functions, including availability and performance monitoring, event correlation and analysis, and IT service management and automation. AIOps platforms consume and analyze the ever-increasing volume, variety and velocity of data generated by IT and present it in a useful way. How AI Ops work AIOps performs IT operations through self learning and self correcting systems. AIOps deploys: Machine Learning techniques to understand the ever changing IT environment Artificial Intelligence to detect abnormalities Intelligent automation to remediate abnormalities before it impacts It learns from the kind of events and way those events are happening rather than a knowled

Artificial Intelligence in Retail - Part 3

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  In part 1 and part 2 of the article, we identified the use of Artificial Intelligence in Retail industry and provided some examples of how AI is helping some of the big brands in Retail industry. In this part, let us discuss some use cases where AI will be useful in reshaping the way Retail industry works. AI technologies have been integrated into retail and marketing by using big data analytics to develop customer-specific profiles and their anticipated buying habits. Knowing and forecasting consumer’s demand across interconnected supply chains is more important than ever, and AI technology is expected as an essential component. Here are a few use cases  of using Artificial Intelligence in the retail industry: AI Is the New Personal Salesperson Retailers can use AI to discover new sources of revenue to improve performance, as well as to identify and execute strategies for successful customer relationship management (CRM). AI automates the repetitive sales activities, acts as a

Artificial Intelligence in Retail - Part 2

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  In part 1 of the article on Artificial Intelligence in Retail, we saw how AI is transforming the retail industry and helping the industry grow in sales and profits. Let us dive deeper into the topic with some live examples. AI refers predominantly to computational technology driven by ways in which people use their brains’ neurons and nervous systems to reason and make conclusions and decisions, although they usually work very differently. There are  several ways through which retail can benefit from the robotic system. For instance, the attractiveness of robotic technology will encourage customers to engage more in shopping activities, and this will help the retailers boost their sales. Customers will benefit from faster and intelligent guidance during shopping and thus make more effective and efficient purchase decisions. Robotic technology will support retailers’ endeavours towards minimizing the personnel costs and enhancing the staff well-being. But consultant jargon and t