After all the build-up and excitement, DATAx finally made its mark on the Big Apple this week and we were on hand to report from the event. Our reports include an update from Day One of the festival on how experts within the data community have been harnessing AI and ML technologies, as well as leading experts discussing topics ranging from the growing adoption of robotic process automation (RPA), the current state of data storage technology and how Bristol-Myers Squibb has been innovating pharma through the utilization of data and AI.
In addition to DATAx, the Innovation Enterprise team reported on various events from across the tech world including the unveil of Walmart's new e-commerce store in Japan, Apple's announcement that it will invest $1bn into a new campus in Austin, Texas, and cryptocurrency losing 50% of its market value and a huge $110bn in a month.
To find out more about our upcoming DATAx festivals in Singapore in March and London in May, keep an eye on our Channels over the coming weeks and months; in the meantime, however, we've compiled some of our favorite stories and articles from our Channels over the past seven days.
IBM to pilot blockchain in oil and gas accounting
This week IBM announced it would be partnering up with Abu Dhabi National Oil Company to pilot a blockchain-enabled transaction management service for oil commodities. Later in the week, the IT giant announced that it would be piloting a blockchain and AI-powered digital wallet and decision-making tool for the agriculture sector.
IBM has announced a number of blockchain based tools this year, as part of the companies plan to democratize the technology, including a blockchain patent to aid scientific research.
Making AI more human – ushering in the cognitive era of analytics
Elif Tutuk, director of research at Qlik, provided her tips on our Channels this week on how businesses can leverage AI technology.
"Although such technology is still evolving and has a long way to go before mimicking the human brain, human attributes are being woven into analytics platforms themselves to support effective decision making," she said. Conversely, at DATAx, this week, Sarah Hoffman, VP of AI and ML at Fidelity Investments, noted that while new AI technologies brings various opportunities, AI and ML also have "dark side". On the first day at DATAx, Hoffman said: "Americans now on average fear machines taking their jobs more than they fear death."
DATAx: Where's your data?
As part of a two-part series, Manoj Vig, head of the clinical data repository and clinical data lake at IQVIA, discussed the current state of data storage tech and 2019 predictions and the possible benefits of blockchain technology integration in healthcare.
"It is full of promise and if used the right way, along with other technologies that are currently available to us, it may seriously transform healthcare," Vig remarked. "Technology is here for us to use – we are only ever limited by our imagination."
DATAx presents: How Bristol-Myers Squibb is innovating pharma through data and AI
Marisa Co, head, business insights & analytics – R&D at Bristol-Myers Squibb spoke to Innovation Enterprise about how the company leverages AI and data to develop innovative medicines for life-threatening diseases.
"What is unique about Bristol-Myers Squibb is that we don't just "do AI" or get swayed by the buzz of it. Instead, we look at end-to-end processes and assess whether we could apply AI as a tool to close gaps," Co remarked.
Israeli startup launches sleep training app based on big data analysis
Israeli-based startup dayzz has launched a sleep training app that integrates big data technology. Built for enterprise workforces, the new app will aim to help "improve sleep while reducing employer costs related to decreased productivity, accidents and inefficient health care utilization".
"If we can improve health and overall quality of life by improving sleep quality, costs incurred by employers due to insufficient sleep will drastically decrease," said dayzz CEO Amir Inditzky.
Google+'s second data leak impacts 52 million users
Google reported a second data leak which impacted 52.5 million users. The bug came as a result of a software update in November which exposed users' data for six days
Additionally, the company said that it is "sun-setting" its plans to shut down Google+ for consumers four months earlier than the company previously announced in October.
Google VP of product management David Thacker commented: "With the discovery of this new bug, we have decided to expedite the shut-down of all Google+ APIs; this will occur within the next 90 days. In addition, we have also decided to accelerate the sunsetting of consumer Google+ from August 2019 to April 2019."
The Ford Foundation's plans to "disrupt inequality"
" What is innovation if not inclusive?" – the pivotal question that businesses should focus on when innovating, Wilneida Negrón, strategic tech advisor from the Ford Foundation stated.
In this article, Negrón discusses two key factors that companies should keep in mind to ensure successful innovation.
"Too often I see exciting innovations being developed, tested and launched, but within six months fall apart as a result of not looking critically about the resources, labor, business process adaptations and long-term strategic vision needed to make the innovation sustainable," Negrón said.