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Showing posts from August, 2023

More Fintech Players Cashing in on Open-Source Offerings

  The financial industry has historically been conservative when it comes to software development, especially when it comes to picking open-source applications over proprietary code. That caution is softening as more financial companies are now embracing open source. Recent research shows that 87% of finance industry respondents believe open source is valuable to the future of the financial services industry. Open-source code is an integral part of most software — even proprietary products. Despite its lower cost to adopt, open source has posed challenges to the fintech industry over the years. Industry reports show that open-source products provide other benefits and opportunities in the financial industry. According to Michal Nosek, senior enterprise architect at open-source database software firm  Percona , open source plays a crucial role in the financial industry and is gaining increasing adoption across various use cases due to its proven value over the years. “True open...

Can houseplants purify the air in your home?

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  Share IMAGE SOURCE, GETTY IMAGES Imag Most people don't realise just  how many pollutants  are swirling around indoors, where they typically spend most of their time. For example, many of the products we use for cleaning and freshening our homes, schools and workplaces are adding invisible toxins to the air. "The smell of fresh is not a smell," says Anne Hicks, a paediatric pulmonary specialist at the University of Alberta. "If you can smell it, there's a chemical in the air that's getting up your nose. So all of that is air pollution, whether it smells good or bad," she says. "Indoor air pollution is huge, and it's a relatively unknown frontier, because even my next-door neighbour's house has a different air pollution fingerprint than my house would have," Dr Hicks says. Indoor air pollution is highly complex, little regulated, and often beyond individual control. For instance, road traffic produces nitrogen dioxide, while moisture a...

How artificial intelligence is transforming the world

  Most people are not very familiar with the concept of artificial intelligence (AI). As an illustration, when 1,500 senior business leaders in the United States in 2017 were asked about AI, only 17 percent said they were familiar with it. 1   A number of them were not sure what it was or how it would affect their particular companies. They understood there was considerable potential for altering business processes, but were not clear how AI could be deployed within their own organizations. Despite its widespread lack of familiarity, AI is a technology that is transforming every walk of life. It is a wide-ranging tool that enables people to rethink how we integrate information, analyze data, and use the resulting insights to improve decisionmaking. Our hope through this comprehensive overview is to explain AI to an audience of policymakers, opinion leaders, and interested observers, and demonstrate how AI already is altering the world and raising important questions for societ...