Related Posts 9 Books That Make Perfect Gifts for Industry Ex… 4 Keys to a Kid-Safe App Like traditional sports, e-sports can be costly. A prime component of e-sports infrastructure is video streaming, which enables competition. Viewers are able to share the videos and streaming links to millions, requiring companies to build their own solutions or work with solid tech companies to deal with heavy bandwidth. Services like highlights, instant replays, live streaming, and anti-cheating detection measures are some of the instant services that need to be available for viewers and gamers.In order for the e-sport infrastructure to thrive, software developers need to find a way to scale in a way that works effectively on a cloud mixed platform, as well as on dedicated servers. Once dedicated platforms achieve the ability to scale with automation features typically found on scale cloud platforms, scaling the e-sports platform to meet high-performance criteria will be much easier.A report published by PricewaterhouseCoopers predicts that the sports industry will inevitably face problems due to the drastic decline in viewership. The entire industry is running on a distribution model that is stuck in the past. What’s worse is that some of the most influential companies in the industry are slow to implement innovative technology measures.New revenue models are truly reinventing the way users engage with content online. Services like Twitch provide a platform for streaming thousands of games online daily. Some of the most popular games on this service, namely “League of Legends” and “Dota 2,” generate close to 70 million views each month. Given the high number of viewers these services experience, there is no denying the importance of game streaming in today’s culture — and web infrastructure needs to be able to keep up with these changes.How to Select the Right Web Infrastructure PartnersThere are estimated to be more than 500 million individuals around the world who watch other people play video games.To be able to handle high volumes of traffic during peak seasons, it’s crucial to have the ability to deal with low-latency applications and high bandwidth simultaneously without disruption. A high-performance network available around the globe is extremely important, and it’s one of the driving factors of player satisfaction.It’s also important to automate and provide scalable capacity on both cloud and non-cloud platforms at a competitive price. The availability of equipment in a global data center will provide low bandwidth cost combined with a lower latency to create a better user experience.It’s also likely that game developers in the future will embrace artificial intelligence and machine learning to form a better understanding of how players interact with characters in their games. These tools will ensure a more customized gaming experience for players who could have packages tailored to their particular interests.The Success of E-SportsThe success of online gaming is directly related to the performance, price, and availability of the infrastructures they are offered on. If games are slow to load or glitch often, fans will start leaving in droves.The infrastructure needs to be top-notch in order for companies to maximize their return. Working with a partner that can provide a sufficient balance between price and performance will make a big difference for the players and publishers alike.Also, it’s not just gamers and sports enthusiasts who realize that e-sports are the next big thing. Vision Esports, a holding company co-founded by NBA star Rick Fox that invests in up-and-coming brands in the e-sports industry, has received backing from sports stars such as Kevin Durant and Odell Beckham Jr., sports teams like the St. Louis Cardinals, and even other big agencies like Shamrock Holdings — the Disney family’s personal investment company.For this industry to continue to grow, it is important for infrastructure development to meet the needs of its users. A reliable platform is crucial to ensure the widespread growth of e-sports is fully supported for years to come. 12 Unique Gifts for the Hard-to-Shop-for People… 5 Outdoor Activities for Beating Office Burnout Robert van der MeulenTechnical Evangelist at Leaseweb Robert van der Meulen is the technical evangelist at Leaseweb, a global IaaS provider.
Vik BogdanovChief Marketer at 8allocate The financial industry was one of the first to adopt and enjoy the benefits of artificial intelligence (AI). The annual budgets of large banks amount to billions of dollars, which is comparable to the state budgets of some developing countries. No surprise that banks and financial organizations will be the key drivers of AI R&D in FinTech. They’ll also be the ones to bridge the AI knowledge gaps across other industries and support FinTech startups ecosystem.The largest and most successful credit organizations have already developed official AI strategies.Most of the strategies imply that internal or outsourced AI departments and teams be launched. According to the forecast of Autonomous Research, by 2030, AI technologies will allow banks to reduce operating costs by 22%. Savings of financial institutions can reach $1 trillion in the long run. At the same time, an acute problem for large banks is the lack of qualified AI developers and data analytics specialists. The lack of devs can slow down the development of technology in many sectors, with FinTech being damaged the most.The previous wave of FinTech startups and client applications in the field of financial services was associated with the proliferation of smartphones. At about the same time, the term “FinTech” itself appeared. Smartphones allowed FinTech projects and leading banks to take advantage of client location determination, encryption, digital signature, secure remote access, etc. As public and private cloud computing platforms emerged, work with financial data became streamlined and facilitated.AI and FinTech: a Happy Marriage?AI gave birth to a new wave of applications and services in the financial market. Since AI can handle unstructured information such as images, video, audio, location, and time series data perfectly well, there are already AI-based solutions able to detect fraud, assess creditworthiness and risks, identify a person based on his/her digital footprints, etc. In the insurance sector, they help identify insurance fraud, automate claims cases, and improve risk management.By using AI-driven chatbots, banks can take their customer relationships and experiences to the next maturity level, as they help personalize UX in real-time and in the most efficient way ever.Another AI product category that’s extremely popular among banks, and financial companies is a virtual assistant. Just like bots, they help walk the user through the bank’s services and products and, thus, improve the user journey, provide insights and set specific calls to action to increase goal conversions.Let’s take a look at some of the most exciting AI initiatives launched by banks and financial organizations.How Banks Leverage AI TechnologiesJP Morgan: uses AI to automate the analysis of loan agreements. The bank recently introduced the Contract Intelligence platform (COiN) which allows users to analyze such agreements, highlight the key terms and conditions, as well as critical data. Previously, this work required 360 thousand man-hours to complete.Wells Fargo: announced the creation of a special AI team that will be engaged in developing innovative payment technologies and improving services for its corporate clients. In particular, Wells Fargo’s AI team will work on creating technology that can help the bank provide more personalized online customer service.Current projects assigned to the bank’s AI team range from systems that can spot payments fraud or misconduct by employees to technology that can make more personal recommendations on financial products to clients.Bank of America launched Erica, an AI-based virtual assistant that is planned to be integrated into a mobile app and several ATMs all over the country.CityBank: has recently invested in several AI-based startups and projects like Feedzai that uses AI to detect and fight fraud in online banking. Another example is a company called Clarity Money that leverages the power of AI to help clients choose financial products and manage their assets.According to a press release, “Feedzai’s machine learning technology will automatically adjust controls to monitor discrepancies and changes in client payment behavior, allowing for the analysis and identification of potential anomalies in affected payments before they are sent for clearing. It will do this while ensuring that payments are processed quickly and efficiently.” Citi expects to launch its innovative solution in 2019.How FinTech Startups Leverage AIThe financial services industry is desirable for startups. Some of them strive to make a revolution in traditional banking, while others tend to help banks improve their products with new and advanced services. There are several AI use cases from a FinTech startup world: from fraud detection and consulting services to personal finance management to transaction assistance, and so on.Comparing consumer behavior with a vast array of historical data, we can find the smallest details and prevent cyber fraud in advance. AI tools are continually being trained and improved as they accumulate data and get upgrades.AI-based consulting robots can help reduce risks for clients by recommending suitable financial products and objects for investment through a variety of information sources.Particularly promising for FinTech startups is the sphere of personal finance management. There are already several successful startups here such as Mint and Wallet.These platforms can collect information about personal finances, track data over time and make informed decisions and recommendations. They are convenient to use and will suit even those who previously could not have the patience to monitor their expenses and income.The Most Promising AI Startups in the Financial SectorDreamQuark: is a platform for developing and designing AI applications specifically for the banking and insurance industries. It can be used for product selection, customer segmentation, fraud detection, credit scoring, and credit check.Alpaca: helps make predictions of events in the financial market. For their market forecasting models, they use in-depth high-frequency data training (machine learning, or ML) to recognize typical scenarios that indicate price changes. They developed MarketStore — a highly scalable, proprietary database server optimized for working with time series of financial data. Now, this software is entirely open-source.DataVisor: uses AI to detect fraud and other financial crimes. The company applies unsupervised ML models to find previously unknown fraudulent schemes. As a result, companies that use DataVisor products report their performance to be 50% more efficient than that of competitors.Quantexa: is another exciting new FinTech startup. It uses AI to predict risks of default, proactively detect fraud and create profiles of both unscrupulous actors and trustworthy clients, as well as describe the links between them.FinTech has taught banks to be user-centric and to anticipate future needs. Just as Tesla is more than just a vehicle, so are banking services: they become entire ecosystems. As users, we are fortunate: at this very second, someone is creating a new smart robot consultant that will tell you who to invest in and will use your dad’s voice to make the recommendation as personalized as possible. That’s how AI helps banks and FinTech startups gain a competitive advantage and make a difference when it comes to user experience. The Rise and Rise of Mobile Payment Technology Related Posts What it Takes to Build a Highly Secure FinTech … 6 User-Interface Musts for Personal Finance Apps Digital storyteller and brand journalist. Tags:#AI use cases in fintech#AI use in Fintech#how fintech startups use AI#how fintech uses AI The Top 5 Issues Faced by Futurists
Pandemonium continued in the Lok Sabha on Tuesday after Opposition cornered the UPA government over the Commonwealth Games scam. The Lok Sabha was adjourned till 5 pm after uproar over BJP leader Yashwant Sinha’s remarks about Sports Minister Ajay Maken .Sinha said that the government must explain who appointed Kalmadi as CWG Organising Committee chief and said that the government must fix responsibilities. Sinha’s comments followed reports that Prime Minister Manmohan Singh overruled the PMO’s recommendation to appoint former Sports Minister Sunil Dutt as the OC chief. Reports said the prime minister had picked Kalmadi ahead of the former sports minister. Earlier, the Opposition shouted down Maken over his statement blaming the NDA government for Kalmadi’s appointment. Maken threw his headphone on the floor during the heated discussion in the House.
Lacson backs proposal to elect president and vice president in tandem “It was a big day for us,” coach Felix Sanchez said. “We achieved something that is history for us so I just want to congratulate everyone.”In Abu Dhabi, midfielder Abdelaziz Hatim hit the only goal for Qatar with a left-foot shot from outside the area in the 78th minute. South Korea’s best chance came a minute earlier when Kim Jin-su hit the post from a free kick.In Al Ain, the UAE avenged its 2015 semifinal loss to Australia. Ali Ahmed Mabkhout pounced on a defensive blunder to claim his fourth goal of the tournament and spark wild celebrations at the Hazza Bin Zayed Stadium.“We said from the beginning that we don’t have the ambition to play attractive football,” said Mabkhout. “If it comes with a win, that’s okay. The important thing for us is to get results. The other things aren’t important.”ADVERTISEMENT Qatar, the 2022 World Cup host nation, reached the last four of Asia’s continental showpiece for the first time by beating two-time champion South Korea 1-0. The UAE defeated title-holder Australia by the same score to set up a meeting with Qatar in Abu Dhabi on Tuesday.The other semifinal is on Monday in Al Ain with Japan taking on Iran.FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSUrgent reply from Philippine football chiefSPORTSWin or don’t eat: the Philippines’ poverty-driven, world-beating pool starsSouth Korea’s exit is good news for Tottenham as forward Son Heung-min can rejoin his injury-hit English Premier League club earlier than expected.Qatar is the surprise package of the tournament, scoring 12 goals without conceding and notching five straight wins. Sports Related Videospowered by AdSparcRead Next Private companies step in to help SEA Games hosting United Arab Emirates’ forward Ali Mabkhout, celebrates his goal, the opening goal, during the AFC Asian Cup quarterfinal soccer match between United Arab Emirates and Australia at Hazza Bin Zayed Stadium in Al Ain, United Arab Emirates, Friday, Jan. 25, 2019. (AP Photo/Hassan Ammar)ABU DHABI, United Arab Emirates — Qatar and the United Arab Emirates will meet in a politically-charged semifinal at the Asian Cup after they knocked out the two favorites Friday.Since June 2017, the UAE has been part of a quartet of nations leading an economic and diplomatic boycott of Qatar. The standoff has impacted Qatar’s logistics at the Asian Cup in the UAE but not its performances on the field.ADVERTISEMENT LATEST STORIES US judge bars Trump’s health insurance rule for immigrants ‘We are too hospitable,’ says Sotto amid SEA Games woes Don’t miss out on the latest news and information. Oil plant explodes in Pampanga town PH underwater hockey team aims to make waves in SEA Games PLAY LIST 02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss MOST READ View comments SEA Games hosting troubles anger Duterte Oil plant explodes in Pampanga town Ateneo survives San Beda, advances to PCCL Finals Grace Poe files bill to protect govt teachers from malicious accusations