Page 4«..3456..1020..»

Taking Gold: TMS Networks (TMSN) Victory Leaves EOS (EOS) And … – The VR Soldier

Today signifies a momentous milestone in the cryptocurrency landscape as TMS Network (TMSN), currently in its fourth presale phase, is emerging as a resounding victor, surpassing industry behemoths EOS (EOS) and Uniswap (UNI) to win gold. TMS Network (TMSN) tokens are currently valued at $0.097, reflecting its notable progress and potential for further growth.

With that in mind, this article discusses the remarkable impact of TMS Network (TMSN), and takes a closer look at EOS (EOS) and Uniswap (UNI).

The recent downturn in the cryptocurrency market has raised concerns regarding EOS (EOS), a prominent cryptocurrency, leading to increased investor apprehension. In addition, EOS (EOS) has encountered various challenges that have hindered its growth and acceptance, and the current market slump has intensified these difficulties, adding further pressure on EOS (EOS) and its counterparts, such as Uniswap (UNI), in the market.

One major EOS (EOS) issue is its perceived deficiency in genuine decentralization. Utilizing the delegated proof-of-stake (DPoS) consensus mechanism initially hailed as a promising solution has led to the concentration of power among a few prominent block producers, thereby raising concerns.

This EOS (EOS) centralization undermines the fundamental goals of blockchain technology, dissuading investors seeking genuine decentralization from investing.

EOS (EOS) is currently trading at $0.892.

Uniswap (UNI) operates as an Ethereum protocol designed to facilitate token trading within the community. An essential feature of Uniswap (UNI) is its ability to swap any token by providing an equivalent value in ETH tokens.

The primary objective of Uniswap (UNI) is to address the liquidity challenge often encountered in decentralized exchanges. Instead of relying on individual buyers and sellers to conduct token swaps, Uniswap (UNI) allows the exchange to perform the trade, thus alleviating liquidity concerns.

Following Uniswaps (UNI) announcement of its deployment on the BNB Chain some weeks ago, Wormhole was selected as the bridge connecting the two. Uniswap (UNI) is being traded at $5.14, boasting a market capitalization of $2.9 billion and a trading volume of $40 million. Notably, the charts have shown negative trends over the past month, and the Uniswap (UNI) community exhibits a bearish sentiment.

While Uniswap (UNI) may experience potential price increases soon, it is worth considering that early investments in TMS Network (TMSN) could yield even greater profits.

TMS Network (TMSN) emerged as a decentralized trading platform with the mission to democratize trading accessibility worldwide. Its comprehensive solution ensures that trading via TMS Network (TMSN) is transparent, swift, and cost-effective.

Furthermore, leveraging DeFi capabilities, TMS Network (TMSN) eliminates the need for fiat currency, KYC requirements, and personal information. Users can begin trading without creating an account by connecting their wallets and accessing major exchanges through TMS Network (TMSN).

In addition to its groundbreaking all-in-one platform, TMS Network (TMSN) offers numerous benefits and features to its users, including the opportunity to earn commissions from the trading volumes generated by other traders on the network. As a result, as more users engage in trading activities on TMS Network (TMSN), each user will experience increased revenue.

TMS Network (TMSN) is in stage four of its presale, with its token trading at $0.097. It has successfully raised a remarkable $6 million in funds within a short period, exemplifying its popularity among investors. Notably, the token has witnessed an impressive surge of 2,000% in price.

TMS Network (TMSN) presents an enticing opportunity for traders and investors looking to explore the next generation of decentralized trading. You dont have to settle for struggling tokens like EOS (EOS) and Uniswap (UNI) when you can gain multiple benefits by utilizing TMS Network (TMSN).

Find out more about the TMS Network (TMSN) presale below:






Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosurehere.

Read this article:

Taking Gold: TMS Networks (TMSN) Victory Leaves EOS (EOS) And ... - The VR Soldier

Read More..

Bitcoin at scale is all about micropayments: London Blockchain … – CoinGeek

To wrap up Day 2 of theLondon Blockchain Conference,Dr. Craig Wrightparticipated in a technical Ask Me Anything (AMA) hosted by the Director of Engineering at theBSV Blockchain Association,Jad Wahab. Dr. Wright answered both technical questions related to Bitcoin and some personal ones.

How does Bitcoin work at scale with large volumes of data propagated across the globe?

Dr. Wright begins by saying that, at scale, Bitcoin is private. Its all aboutmicropayments. He envisions that someday, Bitcoin will be able to do nano transactions worth a millionth of a cent and will do billions of them per second. He acknowledges that its not ready for this yet, but he is determined that it will get there.

At this sort of scale, new business models can be created, and a true social impact can be made. Bitcoin will literally change the world, acting as global plumbing for all sorts of new use cases.

How will Bitcoin be able to scale to these levels? Dr. Wright explains that theMerkle Treestructure allows for sharding across multiple nodes, and this allows for horizontal scaling. Many dedicated Bitcoiners are still working on this, and it will take a while before its a reality. He also says that, as part of his geography degree, hes been thinking about where to place machines to reduce latency.

How important are strong legal foundations for Bitcoin?

Dr. Wright has often spoken passionatelyabout the law and how it applies to Bitcoin. He elaborates further here, saying that the law protects us and holds us all accountable. He says that even good people do not remain good withoutaccountabilityof some sort. In the global village, the law is needed because tribes dont scale.

What is the role of the BSV Blockchain Association in providing stability?

Dr. Wright says it is there to see and implement the grander vision for Bitcoin, keep the protocol stable, and prevent the protocol from being changed the way it has been since he stepped back as Satoshi Nakamoto. The intention is that if someone builds an app today, it will still work decades from now.

What does Dr. Wright need to see so that he can step back? He answers similarly that he needs to see aprotocol set in stoneand that legal agreements are in place for this reason.

How vital is language and getting definitions such as nodes and decentralization right?

Dr. Wright answers that its very important. He studied philosophy, and part of that involves debating at length about the meaning of things. He notes that terms likedecentralizationhave been twisted and changed and are used differently than when he released Bitcoin.

What does the world look like when hyperbitcoinization occurs?

Dr. Wright reemphasizes his view that Bitcoin can be plumbing. It could be everywhere, and he would love to see that. It could be involved in payments, remittances, and all kinds of other things. However, it wont dominate as some people say; its a technology, and only people can dominate others.

Where did Dr. Wright pick up his love of learning, and what qualities does he look for in people he works with?

Dr. Wright says he doesnt know where he got his love of learning, but he remembers his mother forcing him to go and play outside when he was young. Hed study too much, and she would encourage him to go out and play with other children.

As for the qualities he looks for in people he works with, drive, determination, initiative, and the desire to create change are some of them. He says he prefers to tinker with technology and invent things, but he has realized that he was to lead as well, and he wishes hed realized this earlier.

Does speculation have any value?

Dr. Wright says it depends on the type ofspeculation. Buying a tanker of oil from someone who no longer wants it is useful, but the type of speculation we have in the industry is not.

Watch: The Bitcoin Masterclasses provides deeper understanding of the tech

New to Bitcoin? Check out CoinGeeksBitcoin for Beginnerssection, the ultimate resource guide to learn more about Bitcoinas originally envisioned by Satoshi Nakamotoand blockchain.

See the article here:

Bitcoin at scale is all about micropayments: London Blockchain ... - CoinGeek

Read More..

Optimism vs Arbitrum, Which Layer-2 Is Better, and Which Would Avorak Choose for Cross-Chain? – Crypto Mode

Arbitrum and Optimism are popular Layer-2 solutions for Ethereum that enable scalability and faster transactions. With its larger user base, higher transaction volume, and superior security features, Arbitrum stands out from Optimism, which focuses on decentralization and cost. Arbitrum is the platform of choice for Avorak AI due to its stability, industry acceptance, and possibility for smooth cross-chain interaction.

What is Optimism?

As a layer 2 chain, Optimism runs on top of the mainnet (layer 1) of Ethereum. Although transactions occur on Optimism, the associated data is posted to the mainnet for validation. It is comparable to driving on a less congested side street while enjoying the security of a freeway.

Defi Llama reports that Optimism is the second-largest Ethereum layer 2, with $313 million locked within its smart contracts. Arbitrum leads with $1.32 billion.

The Ethereum blockchains Layer 2 solution, Arbitrum, aims to strengthen the networks privacy while enhancing scalability and transaction speed. It enables users to conduct transactions away from the primary network and verifies and batches them before committing them back to the primary chain.

Offchain Labs, a blockchain research and development firm established in 2018 by Ed Felten, Steven Goldfeder, and Harry Kalodner, created Arbitrum. In 2018, the business presented the remedy at Princeton University and the Arbitrum whitepaper (PDF).

When comparing Optimism and Arbitrum, Arbitrum takes the lead. It has a noticeably larger TVL, more daily active users, processes more transactions, and its airdrop almost completely crashes its system. Its not surprising that ARBs market capitalization is double that of OP.

However, Optimism is far from hopeless. Through its partnership with Coinbase, its solutions may be seen by millions of new users. Furthermore, whether Arbitrum will endure once the eagerly anticipated airdrop has been completed is still being determined.

The ability of the Arbitrum team to quickly grow their social media following and draw DApp developers to their chain demonstrates their marketing expertise. The roll-up architecture of Arbitrum now outperforms Optimism in terms of security and durability thanks to its superior fraud-proof system and unique virtual machine (VM).

Avorak AI is bringing innovative AI features with firsts for the crypto sector. AVRK, the native token of Avorak AI, powers their robust chatbots, AI picture producers, and trading bots. The token offers a safe and effective method of gaining access to cutting-edge, inventive, and effective solutions catered to the individual needs of users.

Access to Avoraks selection of AI-powered products is made possible through AVRK, which also serves as an exchange and a place to store the value inside the Avorak AI ecosystem.

Through its first-to-market approach, Avorak AI has established a competitive advantage. Its user-friendly platform has thorough tutorials and step-by-step instructions, making it accessible to anybody, regardless of technical proficiency. Avorak aims to pool resources and create unmatched solutions for the cryptocurrency sector through its ICO.

In addition to an automated API, Avorak Trading offers indicators for traders and uses overlays and notification systems to alert traders when patterns or trends shift.

Being a forward-thinking platform, Avorak AI thoroughly assesses the advantages and disadvantages of various Layer-2 solutions.

Despite the virtues of Optimism and Arbitrum, Avorak would opt for the layer that best embodies its core principles and offers the right mix of scalability, security, decentralization, and user experience.

Ultimately, Avoraks decision would be supported by in-depth investigation and analysis to guarantee the best response to its cross-chain requirements.

For more information on Avorak AI:



None of the information on this website is investment or financial advice and does not necessarily reflect the views of CryptoMode or the author. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website by its authors or clients. Always conduct your research before making financial commitments, especially with third-party reviews, presales, and other opportunities.

More here:

Optimism vs Arbitrum, Which Layer-2 Is Better, and Which Would Avorak Choose for Cross-Chain? - Crypto Mode

Read More..

What are the pros and cons of crypto investing – The Financial Express

By Edul Patel

their financial future. For many years, traditional investment options such as stocks, mutual funds, and fixed deposits have been the go-to choice for investors. However, with the rise of digital currencies and the increasing popularity of cryptocurrency, a new type of investment has emerged. Investing in cryptocurrencies has become a hot topic in the world of finance, offering the potential for high returns and the benefits of decentralization and transparency. But with any investment, there are pros and cons to consider before making a decision. Lets delve into the advantages and disadvantages of crypto investing.

What are the Pros of Crypto Investing?

High Potential for Profit: One of the most significant advantages of investing in cryptocurrencies is their potential for high returns. Many cryptocurrencies have experienced significant growth in recent years. However, it is also important to consider the reasons behind it too.

Decentralized and Secure: Another advantage of cryptocurrencies is that they are decentralized, meaning they are not controlled by a single entity. Additionally, blockchain technology ensures that transactions are secure and cannot be altered, providing an added layer of security for investors.

Transparency: The blockchain technology used by cryptocurrencies allows for complete transparency, making it easy for investors to track their investments and see where their money is going.

Accessibility: Unlike traditional investments, which often require a large amount of capital to get started, cryptocurrency investments can be made with relatively small amounts of money. Additionally, many platforms allow for easy and convenient buying and selling of cryptocurrencies, making them accessible to a wide range of investors.

What are the Cons of Crypto Investing?

High Volatility: One of the most significant drawbacks of cryptocurrency investing is its high volatility. Cryptocurrencies can experience significant fluctuations in value, sometimes within just a few hours. This makes them a high-risk investment, particularly for those who are risk-averse.

Regulatory Uncertainty: The regulatory environment surrounding cryptocurrencies is still largely undefined, leading to uncertainty and potential risks for investors. Additionally, some countries have banned cryptocurrencies altogether, making it difficult or impossible for investors to participate. However, there are also some countries taking progressive moves towards regulations to boost technological innovations.

Lack of Tangible Value: Unlike traditional investments, such as stocks or real estate, cryptocurrencies have no tangible value. Instead, their value is largely determined by market demand and speculation, making them more susceptible to hype and manipulation.

Security Risks: While blockchain technology provides added security for transactions, it is not foolproof. Hackers have targeted cryptocurrency exchanges and wallets, resulting in millions of dollars in losses for investors.


Investing in cryptocurrencies can be a high-risk, high-reward proposition. While they offer the potential for significant profits and the benefits of decentralization and transparency, they also come with significant drawbacks, such as high volatility, regulatory uncertainty, and security risks. Ultimately, it is up to each investor to weigh the pros and cons and determine whether cryptocurrency investing is right for them. As with any investment, it is essential to conduct thorough research and understand the risks involved before making a decision.

The author is co-founder and CEO, Mudrex

Follow us onTwitter,Facebook,LinkedIn

See the original post:

What are the pros and cons of crypto investing - The Financial Express

Read More..

Price Analysis: Polkadot, Ethereum, Tradecurve top cryptos for June … – Blockzeit

The crypto market is very volatile and price changes are bound to occur at any time. As a result, investors are always keeping an eye on the market, monitoring price changes, and knowing which project has great potential. Meanwhile, three crypto projects have caught the attention of investors and they include Polkadot, Ethereum, and Tradecurve.

Todays analysis of the Polkadot price reveals a positive trend as it has regained a significant portion of its lost value. At the time of writing, the price of Polkadot (DOT) is $5.27, with a trading volume of $117,875,366 over the past 24 hours. This is a 0.90% increase in price within the last 24 hours.

The current strongest resistance level is found at $5.49 while the strongest support level stands at $5.23. However, DOT/USD has recently dipped below the Moving Average (MA) curve, which is considered a bearish signal in the market for Polkadot (DOT). This suggests that Polkadot could see more downward price movements if bulls fail to hold the $5.23 support.

Ethereum (ETH) started the year on a bullish note but over the last six weeks has been subject to bearish sentiment. However, Ethereum (EH) is back on track, recently crossing the $1,870 resistance level. Ethereum currently trades above both $1,870 and the 100-hourly Simple Moving Average. Additionally, there are indications of a potential short-term inverse head and shoulders pattern on the same chart.

According to CoinGecko, Ethereum (ETH) is trading at $1,887.94, a 1.74% price increase within the last 24 hours. The altcoin has already surpassed the $1,880 resistance level and is heading for $1,900. If the bulls fail to maintain the current level, the tokens price could drop to the $1,870 support level and further to $1,855 and $1,840 if more bears enter the market.

Despite the latest price uncertainty surrounding Polkadot and Ethereum, investors are still bullish on cryptocurrencies with a large number of them moving to Tradecurve whose utility token just surged 25% as it entered the third phase of its token presale.

Decentralization, security, privacy, and advanced trading features like AI trading and copy trading are the primary focus of Tradecurve. Unlike traditional centralized platforms like Kraken and Huobi, which require users to complete a KYC registration, traders can trade anonymously on Tradecurve.

This innovative approach will allow users to trade forex, cryptocurrencies, stocks, and commodities while utilizing cryptocurrency as collateral. Given the booming nature of the foreign exchange market, analysts forecast a 50x increase as the TCRV presale progresses.

Furthermore, a 100x surge can be expected after the platforms launch and subsequent listing on a Tier-1 CEX.

To enjoy trading fee discounts and staking rewards, users must buy and hold Tradecurves utility token, TCRV, which is currently in Stage 3 of its presale and priced at only $0.015. Smart investors can jump on Tradecurve exchange now by clicking on the links below.

Click Here For Website

Click Here To Buy TCRV Presale Tokens

Follow Us Twitter

Join Our Community on Telegram

Excerpt from:

Price Analysis: Polkadot, Ethereum, Tradecurve top cryptos for June ... - Blockzeit

Read More..

Unleashing the power of Web4.0: An intelligent and decentralised web ecosystem – The Financial Express

By Anndy Lian

The internet has transformed the way we live, work, and connect with each other. From the early days of the World Wide Web to the rise of social media and e-commerce, the internet has become an integral part of our daily lives. However, it is clear that the current internet infrastructure has its limitations, including issues related to centralization, data privacy, and lack of intelligence. Enter Web4, a new vision for an intelligent and decentralized web that addresses these challenges and unlocks a world of new possibilities.

Understanding Web4:

Web4 represents a paradigm shift in how we envision and interact with the internet. It builds upon the principles of Web3 (decentralization) and integrates advanced technologies such as artificial intelligence (AI), blockchain, and the Internet of Things (IoT) to create a more intelligent and decentralized web ecosystem. Web4 aims to empower individuals, enhance privacy, and foster innovation while leveraging the potential of AI to provide personalized and context-aware experiences.

Key Features of Web4:

Decentralization: Web4 embraces the core tenets of Web3, ensuring that power and control are distributed across a network of interconnected nodes. By moving away from centralized entities and adopting decentralized architectures such as blockchain, Web4 reduces the risk of single points of failure, censorship, and data breaches. This decentralized approach fosters trust, transparency, and resilience in the web infrastructure.

Artificial Intelligence: AI is at the heart of Web4, enabling intelligent automation, data analysis, and decision-making. Through machine learning, natural language processing, and computer vision, Web4 systems can understand and interpret user data, preferences, and behavior. This allows for personalized recommendations, intelligent assistants, and context-aware applications that adapt to individual needs and provide a more intuitive and efficient user experience.

Enhanced Privacy and Security: Web4 prioritizes user privacy and data security. It leverages cryptographic techniques and decentralized identity systems to empower individuals with greater control over their personal information. With Web4, users can choose how their data is shared and accessed, reducing the risks associated with centralized data storage and surveillance. This focus on privacy strengthens user trust and encourages widespread adoption.

Interoperability and Open Standards: Web4 promotes interoperability and open standards, allowing different applications and platforms to seamlessly communicate and share data. By embracing common protocols and APIs, Web4 enables the creation of a vibrant ecosystem where innovative solutions can easily integrate and collaborate. This fosters competition, diversity, and rapid technological advancements, benefitting users and driving innovation forward.

Democratization of Innovation: Web4 empowers individuals and small businesses by reducing barriers to entry and enabling participation in the digital economy. Through decentralized platforms and smart contracts, Web4 enables peer-to-peer transactions, crowdfunding, and new funding models such as initial coin offerings (ICOs) and decentralized finance (DeFi). This democratization of innovation ensures that the benefits of the web are accessible to all, irrespective of geographical location or financial resources.

Potential Applications:

Web4s intelligent, decentralized nature opens up a wide range of potential applications across various sectors:

Governance and Democracy: Web4 can facilitate transparent and decentralized governance models, enabling citizen participation, voting systems, and smart contracts that automate governance processes. This can lead to more accountable and inclusive decision-making at local, national, and global levels.

Supply Chain and Logistics: Web4 can revolutionize supply chain management by providing real-time tracking, transparency, and traceability. By leveraging blockchain and IoT technologies, Web4 enables secure and efficient supply chain operations, reducing fraud, improving product authenticity, and optimizing logistics processes.

Healthcare and Telemedicine: Web4 can transform healthcare by enabling secure and interoperable health records, personalized medicine, and telemedicine services. AI-powered diagnostics, remote monitoring, and decentralized data sharing can improve patient outcomes, facilitate research, and enhance collaboration among healthcare providers.

Smart Cities and Sustainability: Web4 can contribute to the development of smart cities that optimize resource usage, enhance energy efficiency, and improve urban planning. Through intelligent sensor networks and data analytics, Web4 can enable real-time monitoring, predictive maintenance, and sustainable infrastructure management.


Web4 represents a bold vision for the future of the internet, one that embraces decentralization, artificial intelligence, and user empowerment. By combining these elements, Web4 has the potential to revolutionize various industries, enhance privacy and security, and democratize access to innovation. However, realizing the full potential of Web4 requires collaboration, standardization, and ethical considerations to ensure that the benefits are accessible to all while safeguarding user rights and societal values. As we embark on this new era of the web, let us envision and build a future that empowers individuals, fosters innovation, and creates a more inclusive and intelligent digital world.

The author is an intergovernmental blockchain expert

Follow us onTwitter,Facebook,LinkedIn

View post:

Unleashing the power of Web4.0: An intelligent and decentralised web ecosystem - The Financial Express

Read More..

Singapores Central Bank Partners With Google to Explore AI for Internal Use – 24/7 Wall St.

The Central Bank of Singapore is partnering with Googles cloud unit to explore potential internal use cases of the burgeoning artificial intelligence (AI) space and advance the development of innovative technologies in the Asian hub, Nikkei reported on Wednesday.

The Monetary Authority of Singapore (MAS), the central banking authority of the Southeast Asian city-state, is teaming up with Googles cloud division to develop AI projects for internal use and equip its employees with deep AI skillsets.

According to Nikkeis report, the MAS will collaborate with Google Cloud on generative AI initiatives to facilitate the use of internal applications in a manner that is grounded on responsible AI practices. The move comes after large language models (LLMs) and other generative AI products like OpenAIs ChatGPT took the world by storm with their abilities to produce impressive text and media content.

In addition, it also represents a part of the MASs broader strategy to streamline the development of state-of-the-art technologies in Singapore.

MAS has been committed to leveraging technology and innovation to their fullest potential. This collaboration allows us to explore potential use cases in our functions and operations that could harness generative AI while prioritizing information security as well as data and AI model governance.

said Vincent Loy, an assitant managing director for technology at MAS.

The MAS did not specify how to implement Googles AI technology. However, it explained the partnership would establish a framework for determining potential use cases, conducting technical pilots, and co-creating solutions for the central banks digital services.

Google, one of the biggest tech companies in the world, has been developing artificial intelligence (AI) products and services for several years, pouring significant capital into its research and development. In 2014, the company acquired DeepMind Technologies, a leading AI startup known for its breakthroughs in deep reinforcement learning.

Over recent years, the tech behemoth has made significant progress in AI by developing advanced models like AlphaGo, AlphaZero, and BERT. Moreover, to support AI research and innovation, the company has also launched several AI-related tools and frameworks, such as TensorFlow an open-source machine learning and AI library widely adopted by researchers and developers worldwide.

Most recently, Google released Google Bard, a conversational chatbot launched just a few months after ChatGPT, whose success left many tech giants scrambling to focus on AI, including Microsoft and Baidu.

This article originally appeared on The Tokenist

Sponsored: Tips for Investing

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesnt have to be hard. SmartAssets free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If youre ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If youre an investor looking to minimize expenses,consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.

See the original post here:
Singapores Central Bank Partners With Google to Explore AI for Internal Use - 24/7 Wall St.

Read More..

Big Data Analytics: The Key to Resolving Complex Business … – ReadWrite

Big data analytics is the complex process of examining large and diverse datasets to uncover hidden patterns, correlations, market trends, and customer preferences. It is a crucial tool for organizations to make informed business decisions and tackle complex problems. In this article, we will explore the significance of big data analytics, its applications, benefits, challenges, and its history and growth.

Just as you would want a trained physician to diagnose your health problems, you need experts in big data analytics to help solve complex business problems. Subject Matter Experts (SMEs) or Known Opinion Leaders (KOLs) who have proven success in your industry can apply AI and analytics methods to develop a roadmap and lead your organization to success.

Big data analytics is a form of advanced analytics, which involves complex applications with elements such as predictive models, statistical algorithms, and what-if analyses powered by analytics systems. It differs from traditional business intelligence (BI) queries, which answer basic questions about business operations and performance.

The big data analytics process consists of four main steps:

Many different types of tools and technologies are used to support big data analytics processes. Some common technologies and tools include:

Big data analytics applications often include data from both internal systems and external sources, such as weather data or demographic data on consumers compiled by third-party information service providers. Streaming analytics applications are also becoming common in big data environments, as users perform real-time analytics on data fed into Hadoop systems through stream processing engines like Spark, Flink, and Storm.

Big data analytics has been embraced by a diverse range of industries as a key technology driving digital transformation. Users include retailers, financial services firms, insurers, healthcare organizations, manufacturers, energy companies, and other enterprises. Some examples of how big data analytics can be applied in these industries include:

The benefits of using big data analytics services include:

Despite the many benefits that come with using big data analytics, its use also presents challenges:

The term big data was first used to refer to increasing data volumes in the mid-1990s. In 2001, Doug Laney expanded the definition of big data by describing the increasing volume, variety, and velocity of generated and used data. These three factors became known as the 3Vs of big data. As per recent study most of the routine and daily based task will be automated in 2030.

The launch of the Hadoop distributed processing framework in 2006 was another significant development in the history of big data. Hadoop, an Apache open-source project, laid the foundation for a clustered platform built on top of commodity hardware that could run big data applications.

By 2011, big data analytics began to take a firm hold in organizations and the public eye, along with Hadoop and various related big data technologies. Initially, big data applications were primarily used by large internet and e-commerce companies such as Yahoo, Google, and Facebook, as well as analytics and marketing services providers. More recently, a broader variety of users have embraced big data analytics as a key technology driving digital transformation.

Big data analytics plays a crucial role in addressing complex business problems and helping organizations make informed decisions. Its applications, benefits, and growth have made it an indispensable tool in various industries. By understanding the challenges and choosing the right technologies and tools, organizations can harness the power of big data analytics to drive success and remain competitive in the marketplace.

I am a captivating writer with a unique perspective and an unwavering passion for storytelling. With a talent for weaving words into rich tapestries of imagination, I brings a fresh and engaging voice to the literary world.Drawing inspiration from a myriad of experiences, I crafts compelling narratives that resonate deeply with readers. Their ability to capture the essence of emotions and convey them through the written word is a testament to their innate gift for connecting with others.My writing style is marked by a keen eye for detail, vivid descriptions, and a knack for creating well-rounded characters that readers can't help but root for. They have an uncanny ability to transport readers to new worlds, immersing them in the sights, sounds, and emotions of each story they tell.

View original post here:

Big Data Analytics: The Key to Resolving Complex Business ... - ReadWrite

Read More..

A Dirty Job That Few Want: Mining Companies Struggle to Hire for the Energy Transition – The Wall Street Journal

Lily Dickson was hurrying across the University of Leeds campus when a student campaigner handed her a flier that called for a ban on campus recruiting by mining and oil-and-gas companies.

The 24-year old doctoral student in geology was taken aback. She had recently returned from a trip to Finland, having worked with Vancouver-based miner Mawson Gold, exploring new places to mine cobalt in Europe.

The ban wasnt an empty threat or an isolated incident. Last year, four U.K. universitiesbut not Leedsbanned mining firms from recruiting on campus and attending careers fairs, part of a broader trend of college graduates and young workers turning their backs on extractive industries that they fear harm the planet.

Companies that mine copper, lithium and other metalsviewed as a critical part of the supply chain to produce green energysay they are struggling to find enoughyoung workers to support the transition.Most mining companies in the U.S., Australia and Europe say their expansion and growth plans could come under pressure if current hiring trends continue, especially for high-skilled roles such as engineers, exploration geologists and data analysts.

Changing societal expectations place pressure on our brand as an employer, and require us to become better at communicating who we are and what we stand for, said Rio Tinto in its latest annual report.

Advertisement - Scroll to Continue

Despite their part in the energy transition, mining companies face a perception of being in a dirty industry thanks to a legacy of mining disasters and accusations of worker exploitation and sexual assault. It is among the worst ranked professions for young people to enter: A global survey by consulting firm McKinsey found 70% of its 15- to 30-year-old respondents said that they definitely wouldnt or probably wouldnt work in mining.

In the U.S., the number of 2020 geology and earth-sciences graduates was nearly 25% less than in 2015, according to the U.S. National Center for Education Statistics. During that period, the total number of students graduating overall increased 8%.

Canada and Australia, countries where mining is a significant economic contributor, also saw student enrollment to related courses drop. In Australia, the total number of mining graduates fell 63% in 2020 from 2014, according to McKinsey. Canadas mining and mineral-engineering enrollment was down 10% in 2020 compared with 2016, according to Canadas Mining Industry Human Resources Council.

Advertisement - Scroll to Continue

The declines are raising concerns of a future knowledge gap that could affect extraction as companies are having to mine deposits with lower density of metals.

People have left before, but now we dont have the talent pipeline coming in, and we are also losing experience through retirees, said Alex Gorman, mining research analyst at Peel Hunt.

More than half the mine workers in the U.S. are aged 45 years or older, according to Rohitesh Dhawan, chief executive of industry group, International Council on Mining and Metals. The people we have in the industry now are typically older and closer to retirement, he said, adding that the recruiting challenges means the industry is being squeezed on both sides.

Advertisement - Scroll to Continue

According to a McKinsey survey, 86% of industry leaders found recruiting and retaining the talent they needed harder. And, nearly three-quarters of those executives said the talent shortage is holding them back from delivering on production targets and strategic objectives. Rio Tinto has warned the shortfall could mean business delays or underperformance.

In the U.S., the job vacancy rate for mining and logging was 5.1% in March, up from 3.6% five years ago, according to Bureau of Labor Statistics data. Canadas mining job vacancy rates have been trending upward since 2015 to a peak last summer of around 4% in mining and quarrying jobs and slightly over 6% for mining support activities. Likewise, in Australia, mining vacancies rose to 10,600 jobs in February, up from 2,500 in May 2016, the lowest level since 2009, according to the Australian Bureau of Statistics.

The sector also struggles to attract women. Mining is among the few industries that continue to be male dominated and has a reputation as being unsafe for women. Rio Tinto found 28% of women working in mining experienced sexual harassment while 21 women reported cases of actual or attempted rape or sexual assault in the past five years, according to a 2022 report based on its survey of 10,000 employees.

It can be intimidating being the only woman in the room, said mining analyst Gorman, who also worked in copper mining projects in Botswana earlier in her career. Its hard to have a family and be a geologist on site, she said.

Advertisement - Scroll to Continue

An EY study last year found that women made up 12% of the global mining and metals workforce, a gender imbalance second only to the construction sector. The lack of women in leadership positions also is proving to be a hurdle when it comes to attracting a younger, diverse workforce.

Mining companies also face accusations of exploitation of local workforces.

There is normally not enough responsibility taken, especially with regard to sub-Saharan Africa in terms of exploitation of countries, said Haydon Mort, CEO of Geologize Ltd., a communications firm that helps mining companies with their public image.

The current recruitment challenge is built upon the perception that mining companies didnt take ownership of previous disasters and accusations of exploitation of local workforces are contributing to the bad reputation, experts say.

Companies are taking steps to counter the perception and hiring challenges. Miners are expanding their recruiting to include business and data-science majors. They also are hiring closer to mining locations where potential recruits are more familiar with the companies.

Rio Tinto saw a 30% uptick in the number of enrollments into its graduate-trainee program globally last year. This was our biggest cohort to date with 265 graduate roles, a spokesman for the company said, adding that it was hoping to recruit 300 college graduates this year.

BHP expects to hire 3,500 people through a new program recruiting apprentices and trainees rather than just college graduates.

Job-focused nonprofits also are jumping into the fray, eager to help build a talent pipeline for what they see as a fast-growing industry.

Women in Mining U.K., a nonprofit group, is working with schools to introduce more courses related to environmental and geological sciences into the U.K. curriculum, especially for those aged between 8 and 13. Everyone learns a bit of geology when they learn about volcanoes and this can be complimented further, said Stacy Hope, managing director of the group.

Hope also is aiming to introduce internships and scholarships to build a career path for young women interested in the field. She hopes that younger workers will help mining companies evolve, taking on more social responsibility and improving their mining practices.

Recruiting closer to the mines worked for Codelco, the state-owned copper mining company in Chile. In a recent survey, Codelco was the company that Chilean college graduates most wanted to work for, despite the recent disciplinary action from the environmental regulator. Other companies in the top 10 included Nestl and Walmart, according to Merco, a rankings agency.

Egyptian gold miner Centamin is also hiring more local labor than expatriates from Europe and Australia. Recruiting workers from within Africa keeps them relatively local and brings people with relevant knowledge from places such as Congo, Ghana and Zimbabwe that have more recent experience of mining compared with places like Europe, said Martin Horgan, CEO of Centamin.

Mort of Geologize said social-media apps such as Instagram are also a good tool to reach young people, but notes that the industry also needs to take ownership of previous issues such as environmental degradation.

You need authenticity, he said. Be transparent about the environmental impact and community of what you are doing.

However, not everyone agrees that mining is essential to the energy transition.

A certain amount of mining is necessary but the current profit-driven industry is responsible for wide-scale environmental and ecological devastation as well as countless acts of human rights abuses, said Jamie Kelsey Fry, a spokesman for U.K.-based environmental pressure group Extinction Rebellion.

Dickson was one of eight women in her 25-strong mining geology masters course last year. Most of her classmates have taken up jobs in the industry. She is continuing her studies, but she does plan to work in the industry eventually.

For Dickson, mining offers the chance to travel, work outdoors and research into sustainability, along with feeding her fascination with how the world works. As soon as you realize mining is essential, the most important thing is to get involved, said Dickson. Its excitingworking on things like a European source of cobalt, thats something which could actually be beneficial to society.

Write to Yusuf Khan at

The rest is here:

A Dirty Job That Few Want: Mining Companies Struggle to Hire for the Energy Transition - The Wall Street Journal

Read More..