Naveen is the Founder and CEO of Allerin, a software solutions provider that delivers innovative and agile solutions that enable to automate, inspire and impress. He is a seasoned professional with more than 20 years of experience, with extensive experience in customizing open source products for cost optimizations of large scale IT deployment. He is currently working on Internet of Things solutions with Big Data Analytics. Naveen completed his programming qualifications in various Indian institutes.
Reshaping manufacturing is a necessity in the times of digitization and technological supremacy. Manufacturing has played a vital role in the global growth of the economy, since the 19th century.
One single example of the application of blockchain and the benefits that followed are enough to trigger curiosity for several other fields to follow. Traditional postal service is, interestingly enough, one of the oldest ways of transporting our parcels from one part of the country to another. Being the oldest means of transportation for mail and money, postal services have been known to all households. So why are we suddenly talking about the application of blockchain in postal services?
The advancements in information and the expansion of technology are the key forces driving IoT. The last time when the world witnessed a path breaking innovation was in the year 1995. Cell phones introduced in that year facilitated a global technological shift. Then came along the Internet, which changed the way we acquire information, by speeding up the process drastically.
Biases in big data, intentional or unintentional, can lead to erroneous judgments and inferior business outcomes. Today, businesses are aware that a huge part of their decision-making is impacted by big data. The large availability of data does not warrant its relevancy and neither does the analysis of big data by data scientists and analysts, as human judgment can sometimes be flawed.
Transformation with blockchain has enabled new and state of the art technologies to reform the way we exchange value. Considered as the second generation of the Internet, blockchain was introduced with the aim to ease and secure transactional processes. Although a relatively new technology, blockchain is booming. In 2017, the global market for the blockchain technology became as big as 339.5 million U.S. dollars in size and is forecasted to grow to 2.3 billion U.S. dollars by 2021.