With the growth of the world wide web, much of the world’s data can be found in one place. It connects people to one another for business and pleasure, but it is also used to connect commerce and economies. Technology is a vital part of society’s daily functioning, and navigating through the zetabytes of information effectively can’t be done without the use of help. The Internet continues to explode with information, requiring new systems of analysis to help interpret what is important and what is not.
Governments should consider implementing smart recycling using computer vision and machine learning to address major issues in waste management.
“Blockchain has the potential to leapfrog technology advancements in emerging markets, in both the public and private sectors. CIOs of end users can use this research to evaluate, plan for and adopt blockchain wherever it has the potential to support business, economic and social objectives.” - Gartner
The technology’s features like tamper-resistance, decentralization, and immutability make the use of blockchain for fraud prevention promising.
Central bankers are feeling the heat of Facebook’s Libra digital currency project — but beyond an existential threat to central bank seigniorage, cryptocurrencies are raising the fundamental question of what money is to begin with.
Applications of computer vision range from helping in medical diagnostics and inspecting products for quality control to optimizing crop yields and monitoring livestock health, showcasing the promise of the technology.
Governments must regulate data ownership to prevent privacy violations and ensure that businesses use modern technologies ethically.