Tech Trends And You

There is no end to the knowledge quest……. As goes by the popular saying, every problem has a viable solution – every new technology addresses a problem and has an associated solution. If the solution is far visioned, that is when the technology survives all the odds.

At IVL Global (Current Trend):

Big data, Data Science, Cyber Security, Cloud Computing (AWS), and Robotic Process Automation (RPA) are the trendier technologies existing in the current market and we have enthusiastic and talented engineers already focusing on these technologies.

The core of Tomorrow’s Technology:

The future of the IT foresees the promising benefits in the niche technologies – AI/ML, BlockChain, Augmented Reality (AR) and Virtual Reality (VR), Edge Computing, and IoT.

We have heard of all those Buzz words!!!!! No doubt, all these are at a nascent stage at the moment, however, we need to get started early in the game to win.

We all are aware that Math is the foundation of Computer Science. Math undoubtedly is going to be the bedrock for Tomorrow’s Tech as well. Be it in designing the new tools or architecting the sensational products – Probability, Statistics, Linear Algebra, Graph theory, Combinatorics, and Optimization – All those mandatory courses we did as part of our graduation are the heart of the AI, ML, and DS. Quantum Computing and 5G related networking solutions to follow further. As the technology captures the market, there is a likely intersection/overlapping of all these technologies.

Into the future with the Blockchain

No, no, no… It’s not ofcourse the BitCoin. Let’s just understand the underlying technology – Blockchain.

Motivation:

Data privacy and Trust which are the major challenges with the existing technology are the key factors driving towards the blockchain.

Problem Statement:

New technology inception happens to address solutions and if the solution can diversify across the varied sectors – Be it Social Media, Healthcare, Government, Societal or Industrial applications, there lies a huge potential.

In simple words, data transparency with decentralization on a Peer-to-Peer network is the solution that the Blockchain offers.

Come to think of it. Do we all know how secured all our personal documents or images with Google or Facebook? How safe are our personal details shared with the Govt? What about the health records? How about the bank accounts we hold and the earnings? Even though we are guaranteed security, centralized data is susceptible to data fabrication or manipulations. This is where the Blockchain offers a solution.

“Blockchain Revolution” by Don Tapscott/Alex Tapscott is a good start. In India, there have been at least about 40 start-ups in the Blockchain area. For instance – https://www.koinearth.com/, WandX are some of the few on the global scale – the ones already using blockchains are every ledger, MediLedger, BitFury, Factom maximizing the benefits that the blockchains offer.

As a prerequisite, basic programming and networking knowledge are a necessity with the conceptual knowledge on the Cryptography, Distributed Computing, and Game Theory an absolute plus point.

Getting to understand the important Blockchain terminologies – Node, Address, Distributed ledger, P2P, Block, Hashing, Public/Private Blockchains, Cryptography, Digital Signature, Secure Hash Algorithm(SHA2), Merkle tree, Proof of Work(PoW), Nonce, Consensus Algorithm are some of the concepts that we need to understand to get started with the Blockchains.

Let’s talk about the impact of having too much information. Yes, am talking about big-data and lack of security of big-data stored on distributed computers. Since we are in the age of information super-highway, thanks to Big data, our data needs even more protection. Consider patient PII (personally identifiable information) data of healthcare for example or Aadhar data that stores biometric data of crores of Indians. If there is any possible data-leak due to lack of security provisioning, billions of confidential data are at risk of being misused. This is where blockchain would prevent misuse and help prevent data leaks and it has to go hand-in-glove with having additional layers of security to access the data.