The Ethos of Cryptocurrency

The Ethos of Cryptocurrency

The market for cryptocurrencies is a growing space and in today’s world, it’s growing at a rapid rate. Using computer network software, these digital assets enable secure trading and ownership. You might have heard of the term ‘bitcoin’. Bitcoin and other cryptocurrencies are supported by a technology known as ‘blockchain’. The special feature about blockchain is that it keeps track of every transaction made, in a tamper-resistant record. Public blockchains are usually decentralized and they operate without a central authority, unlike what is seen in a traditional economy.

In the new era of internet usage, people are building on the cryptocurrency space and discovering what they can and cannot trust. The ushering of new digital spaces leaves room for everything we know to be tokenized in the form of cryptocurrencies. These have multiple uses – as units of exchange for goods and services, stores of value and to assist networks to carry out complex financial transactions.

Cryptocurrencies are created by a process known as mining. Mining, an energy-intensive method, enables computers to solve complex puzzles and codes to verify the authenticity of all the transactions on the computer network. As a reward to solving the complex puzzles, the owners of those computers receive a newly created cryptocurrency that they can use or store for various different purposes. The creation and distribution of a token economy is said to have a lighter impact on the economy, making the cryptocurrency space a special one.

The ethos of cryptocurrency lies in the ecosystem that has been created by the market. It is a niche market and anybody can come into this tokenized economy, invest in it and feel like a part of it. In today’s data-driven world, few companies holding a lot of data have the power to censor many ideas and concepts. The decentralization process enabled by the cryptocurrency space aims to make the world a censorship-resistant one. This puts cryptocurrency among one of the greatest sociopolitical and economic revolutions that the world has seen.

Nithin Eapen, one of the most established crypto evangelist in the industry spoke at length about Cryptocurrencies and the advantages of using a more democratic currency in a conversation with Vinay Mahajan on our webinar platform The Technology Crystal Ball. The curiosity in cryptocurrencies was evident with the fact that questions from the participants overtook the conversations of the panelists. Nithin addressed several topics patiently and with equal enthusiasm.

And why not, the revolution is just beginning. Cryptocurrency has a huge valuation for the future. It is even expected to reach eight trillion dollars. In just a year and a half, the crypto market has gone from 6 billion dollars to 500 billion dollars. Everything we do ultimately boils down to our need for money. But there are several issues that come with money. Suppose you have cash in your pocket and it falls down. It becomes the bearer’s asset. A token like bitcoin solves that issue because there is no way for the money to fall in the crypto space. The same applies for a registered asset, where any robbery of it is decentralized in the cryptocurrency space. Such a market has the potential to create wealth in newer and more unique ways.

And that’s what makes cryptocurrency so powerful – a person investing in the space gets the chance to be in an economy that generates wealth without any centralized organization and the space is constantly growing. Watch the webinar by

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Artificial Intelligence, Human Brilliance – Co-work for Better Outcomes

Artificial Intelligence, Human Brilliance: Co-work for better outcomes

The technology Crystal Ball – Episode 2

The webinar series – The Technology Crystal Ball hosted its second episode moderated by Mr Vinay Mahajan, who interacted with Mr Aloysius Deepak and Mr Benjamin Joseph from Finance Tech Unlimited and Animesh Samuel from Light Information Systems. The webinar addressed the question many individuals have in the current times – are bots going to replace humans or take away jobs? 

Cash flow is one of the significant factors for organizations to function and grow. Without a steady cash flow, most organizations don’t make it far. In a situation like this, the entry of AI based bots into employable fields helps organizations improve cash management while also working for better outcomes. Automation frees up space for repetitive tasks that require a lot of time and precision. Artificial intelligence helps organizations achieve efficiency in business processes as automation ensures accuracy in its work.  

The bots have improved working spaces as they are assigned more manual work, allowing human intelligence to focus on the creative process.

Benjamin Joseph, Consulting CFO – Finance tech unlimited

Finance Tech Unlimited is an example of improved efficiency in business processes by the use of automation. The organization developed on Plutus as an Accounts Payable Specialist and Monitor as an Accounts Receivable Specialist to enhance its operations. According to Mr. Benjamin Joseph, the bots have improved working spaces as the bots are assigned more manual work, allowing human intelligence to focus on the creative process. Bots can help in accounts receivable and accounts payable. Traditionally, a CFO was responsible for conventional cash management. With the introduction of bots, a CFO can stand with the organization’s CEO and take part in management decisions.

Artificial intelligence helps eliminate some evils of business processes like slow processing, lack of matching of errors, manual follow-ups, lack of exception handling, unauthorized purchases, payment timings, disappearing invoices, and the amount of paper needed for these jobs. The real estate required to source these resources was high too. Without automation, employees would be spending time manually reconciling, which can be avoided by feeding the machines with data. 

“Human brilliance should focus on upskilling and working with automation for better outcomes”

Animesh Samuel, CEO – Light Information Systems

The use of automation in Finance Tech Unlimited improved their vendor metrics as well – it created vendor accounts with all the parameters required for data mining. There were fewer missing fields in the vendor master, making it easier to avoid human errors and develop the machine around them. The success of automation in Finance Tech Unlimited was that the bots were cognitive agents developed by Light Information Systems. Unlike ‘Robo bots’, they are equipped to make decisions during the mid-flow, starting, switching, stopping, or restarting processes. The bot cognitively generates the decisions taken to shorten the process. Bots have been created to complete manual tasks and detect fraudulent activity, allowing humans to take part in decision-making and a more detailed analysis of data extracted. Artificial intelligence can learn from data, convert it to information and knowledge, and then take action. Human brilliance provides greater insight to organizations. 

According to the panelists, new economies are constantly growing, and artificial intelligence is focusing on creating data-dependent machines. Learning functions and using artificial intelligence to solve global issues like traffic jams and global warming is essential. Automation applies to any job function like UI/UX, sales, marketing, and HR. To an extent, jobs will not be replaced entirely as expected, but artificial intelligence isn’t to be feared. Human brilliance should focus on upskilling and working with automation for better outcomes.  

Data Science, Artificial Intelligence, and Machine Learning for The Future

Data Science, Artificial Intelligence, and Machine Learning for The Future

Data is one of the most demanded commodities today. With the world becoming heavily digitalized, digital information transforms businesses and enables them to make critical decisions. Data is ubiquitous, making data science one of the most sought-after careers. Artificial intelligence and machine learning come under the larger purview of data science, wherein their purpose is to employ insights from data. With big data’s reach expanding, organizations are creating conscious data science strategies to make informed decisions. The use of artificial intelligence and human dependency on machines has grown naturally from the data-driven world. 

Yet what are these fields, and why are they relevant today? 

Data science comprises handling and analyzing data. The information extracted is then used by businesses to make sense of their functioning and bridge the gaps by addressing it immediately. Data science gives insight into the existing patterns and trends through visualizations, and that is what makes it so powerful today. Data science is relevant because making sense of data will reduce uncertainty and confusion for most organizations. Data is valuable – so much that it is being considered the oil of the 21st century. The analyzed information can help make discoveries, improve the effectiveness of operations, create better customer experiences, and be used across all fields. The role of a data scientist in the growing influence for information technology becomes of paramount importance.

Artificial intelligence comes under the larger ambit of data science, where technology and automation are being used to assist businesses to manage their data. Artificial intelligence is transforming and evolving every second, and it is enabling people to rethink the integration of information, data analysis, and decision making. The amount of data generated today is more than what a human can absorb. Automation is highly efficient at interpreting information. While there is often an idea that artificial intelligence will take over jobs, it needs human intelligence to use the decoded data and make decisions. Therefore, the co-working of humans and automation is most suited for better outcomes. 

Machine learning as part of artificial intelligence, is an area of computational science that looks into using machines to interpret patterns and structures in data. “It allows the user to feed the machine with large amounts of data to analyze and recommend data-driven inputs. BOTs like Plutus employed at the bottom of the pyramid in Accounts is trained to capture, understand the data and take faster action”, Aloysius Deepak, Chief Automation Officer at Finance Tech Unlimited.  Machine learning is vital because it can unlock corporate and customer data and guide decisions that can keep people and organizations ahead in the race.

Why do we need them in the future?

The simple answer is that the world is looking towards a more technologically driven world, hoping for a space for humans and machines to co-exist. Data is increasingly becoming the lifeline of all businesses, no matter the type of career. Data science, artificial intelligence, and machine learning are among the most extensive employing fields and form for extremely lucrative job markets. The value these fields offer, in tech spaces as well as fields unrelated to technology like business, is significant, and therefore, understanding them is not only helpful but also essential.

The Technology Crystal Ball

Data, AI & ML being a hot topic of interest, we invite you to listen to the industry experts of how real-life applications are made possible for Humans and Technology to co-exist in the second episode of our webinar series – The Technology Crystal Ball.

Artificial Intelligence. Human Brilliance – Co-work for better outcomes

Date: 17th September

Time: 12:00 Noon EST

Register now

Emerging technologies shaping the future

Agile Transformations

Riding career success wave with Agile Transformation

When NAM CEO Mr. Vinay Mahajan conceptualized the ‘Technology Crystal Ball’ series, his objective was to create a platform that will allow industry experts talk about the opportunities Information Technology enthusiasts can vie for. The first of the webinar series hosted two experts – Mr Prabhat Singh, an Enterprise Agile Coach and SAFe Program Consultant, and Mr Anil Algole, a Scrum Master and Release Train Engineer. 

The webinar began with Mr Prabhat addressing the need for Agile Transformations and innovation. Agile Transformation demands roles and skills to be updated constantly. The industry is moving fast, with technologies like SpaceX, Virgin Galactic, Amazon drone delivery, and Tesla driverless cars standing is proof at the extreme end. All these have been the first response to an industry problem, making them successful. 

Agile Transformations also makes way for jobs in the fields of AI, Machine Learning, and Data Space, according to Mr Anil. When everything is automated, the agile area needs active learning in languages like Python and Java. The demand for agile focuses on four value addition areas like DevOps, Product Owners, Scrum Masters, and Release Train Engineering to customers, business, and IT teams. 

The webinar also dived into the role of a Scrum Master as a career opportunity. Scrum Master certifications come as a blessing to those seeking to upskill in the non-technical background. All one needs is a bachelor’s degree, people and managerial skills, a knowledge of the industry and the ability to anticipate the future. It takes as little as two weeks to be trained, and one can even take up SAFe certifications every year. 

The success rate of any company depends on a team’s collective understanding while working towards a common goal. Agile can be implemented in any field. Agile Transformation makes way for non-technical people to make waves in their career goals. 

Anyone interested for SAFe certifications can reach out to Mr. Prabhat or Mr. Anil at +1 (469) 919-6628