Techfastly- November 2020 Issue

November | 2020
Vidit
Gujrathi’s
Journey in leading the
Indian chess team
to winning the Chess
Olympiad 2020 gold
medal.
The Impact of
Automation on the
Future of Work And
Beyond Pg. 17
COVID-19 Misinformation
- Your Guide to Spotting It
Pg. 14
Exploring the future of
technology and globalization with
Louis
Camassa
1 | November | Techfastly | 2020

Understanding
Digital Currency
and It’s Market
Techfastly Team | Pg.4
Apps to Download
for Better Financial
Planning Techfastly Team | Pg.7
Investing in Technology
Techfastly Team | Pg.30
In
Conversation
with
Vidit Gujrathi
Pg.10
Louis Camassa
Pg.22
The Impact of Automation
on the Future of Work And
Beyond
| Sandeep Trichal Pg. 17|
EnChroma Glasses Bring Color
to Your Life
| Venkatesh Pg.28|
2 | November | Techfastly | 2020

A note from the editor
Dear readers,
I hope you are safe and well. I’m glad to
bring you a new edition of the Techfastly
magazine for the November issue. I’m
thrilled to inform you that we’re now
diversifying our content portfolio by
bringing in important voices from various
industries for insights and in-depth
conversations. We have interviewed
India’s grandmaster and chess captain
Vidit Gujrathi, who has recently led the
Indian team to the FIDE Online Chess
Olympiad 2020 gold medal. We discussed
how it’s different to play such high stakes
matches online and how to keep the team
moral virtually. His insights will be of
great value to you.
We also spoke with thought leader,
LinkedIn influencer, and entrepreneur,
Louis Camassa about how this Pandemic
has created newer opportunities; and
what kinds of threats and technological
changes can be expected in the next few
years. It was an enjoyable free-flowing
conversation and the best thoughts of
Louis were, luckily, captured. I’m proud
to present the interview to you all.
Additionally we also present articles on
how Enchroma glasses can bring colors to
your life and how you could spot prevalent
Covid-19 misinformation online. There is
another article on the impact
of automation on the future of
work, which is highly relevant
in today’s times. I thank our
lovely team of writers for
contributing these highquality
articles. I also thank
Vidit and Louis for taking time
out to talk with us.
Enjoy reading the magazine.
We’re constantly striving
to bring you great content.
Because you deserve it.
Thanks
Srikant
Srikant Rawat
Chief Operating Officer
Techfastly
3 | November | Techfastly | 2020

Techfastly Team
“ Ethical hackers are seriously
in demand, especially by
organizations with extensive
IT infrastructure for their
operations “.
Understanding
Digital Currency
and It’s Market
There was a time when the traditional
paper currency ruled the financial
market, but not anymore. The discovery
of bitcoins, the first-ever digital coins in
2009, changed this trend forever. Now,
you can access multiple digital currencies that you
can use for business, shopping, investment, and a
lot more.
However, before you can take advantage of this
modern world miracle, you need to understand
how it functions. This post will help you with this
aspect right from the start to the end.
What is Digital
Currency?
Digital currency also popular as
e-money, and digital money is a type
of online database that you can use
for financial transactions. They have
a centralized system that helps you
buy these assets, store them, and
redeem at any time without moving
from your desk.
The currency was a part of the
society from the 90s as an alternative
for the standard paper currency.
However, the online network and
security issues of that era prevented
it from becoming a mainline
currency. Satoshi’s blockchain
technology changed the scenario.
4 | November | Techfastly | 2020

It used a centralized system where
all the changes were real-time, and
the users could access them without
the barriers of location or time. The
blockchain technology also helped
to encrypt the transfer data to
prevent hacking issues. These new
features made the digital currencies a
mainline option and established it as
a profitable future investment.
Which Currencies
Should You Invest In?
There are more than 1600 digital
currencies in the market, and the
numbers are still rising. However,
not all of them are equally profitable,
which means you need to check and
compare their market value before
investing in them. Here’s a list of
the top 3 currencies of the present
market.
Bitcoins
Since its start in 2009, Bitcoins has
been one of the most successful
digital currency, and for good
reasons. The new currency removed
every barrier that was preventing the
digital currency trend from taking
over the world. It not only introduced
a new concept but also gave a new
technology that is now the base of
multiple asset and data management
systems.
The currency used a network of
information blocks that enable it
to store data in a manner that it is
accessible from any part of the world.
These blocks also ensure that the
information and the funds that you
save stay safe all the time. Satoshi’s
node network system further proved
great in terms of speed. It could write,
edit, or delete any data from the block
in real-time.
Another thing that makes it the most
preferred currency was its profit
values. Its value keeps on rising over time, which
ensures a high return of investment for the users.
Moreover, it is one of the few currencies that
have mining rewards. It means that you can get
hands-on the currency without directly buying
it. Usually, you get it as a reward for solving
a complex problem or completing a block of
transactions for the bitcoin blockchain. You will
need an initial setup for the mining process,
but the result can be intimidating, especially
considering the market value of these coins.
Each of them holds a value of 9186 USD, which is
enormous progress from its initial value that was
almost equal to zero in 2009.
5 | November | Techfastly | 2020

Ethereum
Ethereum is the company’s name
that brought forward the second most
popular cryptocurrency of the world
Ether. The story of this blockchain
started in 2013 when Vitalik Buterin
proposed the concept of decentralized
application. It took the company
nearly two years to present the world
with this currency, and they finally
launched it in 2015.
The currency did a good job in the
market but did not manage to attain
a high position in its initial years. Its
value at the very start of the next year
was just $2.58. however, the currency
progressed very quickly, and by the
end of 2019, its value was more than
$153 and still rising. Presently the
cost of each ether token is more than
$225. Currently, there are 111,589,887
ether tokens in circulation around the
world. Its market cap has increased to
25,641,640,139 USD. It is a live proof
of this currency’s potential.
Tether
Tether holds the third most popular
cryptocurrency. The currency is
unique in its working and doesn’t
work the same way as the above two.
It’s a type of stable coin and pegs
with the value of Dollar as its base. Its
value is stable and will never change
no matter when or where you extract/
buy it. The currency has always been
a bit controversial, but it has shown
immense progress in 2020. There has
been a spike of 144% in the market
value of this currency.
Tether presently acquires a market
value of $9,211,300,712 and a 24-hour
global trade value of $21,006,069,423.
The currency may not look profitable
directly, but it’s a great investment
this year.
Adoption Of Digital Currency in
Asset Management
The digital currencies consist of several systems
that are helpful to safeguard as well as increase
your asset. The recent COVID19 pandemic
has also established it as an essential future
investment. People all over the world are moving
towards online financial transactions, and these
currencies are made for it. You can use it for
quick transactions, easy storage, and even for
foreign currency exchange.
Even before this pandemic, these digital
currencies presented a large market for
investors. The once like the bitcoins have
acquired market capital of 237.32 billion
during the fourth quarter of 2017. The number
is enormous and will only grow further in the
coming times. A post by BusinessWire states that
the size of the digital currency market, which was
around $94 million in 2018, will increase to over
$207 in the next three years.
The simplest reason for this rise will be the
increasing dependence on digital modes of
payment and asset transfer. The safeguarding
feature of the digital currencies and its profits
will also contribute to the cause.
Moreover, in the coming times, these currencies
will not be a part of just the stock market and
business but will also enter the institutions. It
will offer them a decentralized system that will be
risk-free and highly adaptive.
Wrapping Up
The digital currency market is really vast and
very potent. It has several opportunities that you
can exploit to get profit and start a business. They
are the future of the world that will one day rile
the investment market. So, take advantage of the
above information and get the best of these future
trends.
6 | November | Techfastly | 2020

Apps to
Download for
Better Financial
Planning
Techfastly Team
Your Money Manager & Budget Planner
With nothing being permanent in this
world, it’s always good to have a back-up
plan ready. The same applies to income and
investments. Dreamhouse, education, taxes,
weddings, health emergencies, everyday
expenditures, and future investments can
barely be met well without proper planning.
Financial planning is a systematic approach
to achieve one’s life goal. It’s a holistic
approach towards finances that increases
one’s savings and standard of living along with
being prepared for emergencies. But, during
stressful times such as Covid-19, this can be
an overwhelming task.
Now, the question arises- how to have one?
With the advancement of technologies,
you might have a planner right in your
smartphone. Yes, we are talking about
Planning apps, also called
Budget apps. Let’s have a look.
Apps in Financial Planning
Humans are a highly intelligent species, and
no matter what generation of technology you
use, it will never beat the human brain. The
same theory holds for the financial planning
sector. Every app that you develop for this
sector will have advanced logic and will always
take practical decisions. On the other hand,
the human brain has a future vision that
enables it to analyze the situation, assess the
risk, and sometimes go out of the logical ways
to achieve better results. You see, technology
lacks the basic instincts and the guts of a
living being.
7 | November | Techfastly | 2020

For the applications, the whole market
that you see as people, goods, and
other stuff, is just a game of 0 and 1.
If they find anything correct, it’s true,
and if it’s slightly deviated, it’s false
irrespective of the deviation. They will
always choose what seems profitable
under the present condition and not
the one that can earn better results in
a few years.
Human’s advanced intellectuals
establish them as superior over the
application or software that you will
find in the market. However, that
doesn’t mean you should not use the
application. They may not be as sharp
as your brain, but they can present
pretty good results in some cases. The
apps are also great in saving a lot of
time and keeping data organized.
Thanks to the growing innovation
and mobile technology, today, there
are plenty of financial planning and
management applications in the
market. These apps help people
get rid of financial stress, save for
emergencies, and so on. And that too,
without sitting next to a balance sheet.
They are enabling people to make
harmony between their income and
spending with just a few taps.
Because of these benefits, the
download rate of personal finance
management apps is increasing
exponentially, especially during the
Coronavirus outbreak. The global
personal finance management market
is poised to be valued USD 1.213 Bn by
the year 2023, growing with a CAGR of
6.40% between 2017-2023.
If you are still sitting with a calculator
and notebook to calculate the bills and
plan how to manage your finances,
this article will help you find the best
digital financial companion for you.
3 Mobile Apps to Trust for Your
Personal Finance Planning
Needs
1. Mint
Mint is a well-known online personal finance
app designed by Intuit. Available on both iPad,
Android, and Windows mobile devices, the
application gives you a clear and comprehensive
overview of your financial situation.
It offers ample features and functionalities
such as transaction tracking, budgeting, bill
reminders, credit score tracking, spending
categorization, and even saving for the future.
What’s more, the platform avails personalized
tips and advice daily to ensure a better financial
state.
2. Expensify
If you love to travel across the globe or are into a
profession that demands regular traveling, this is
the right application to use.
Available on Web, Android, iOS, and Windows,
this financial app avails the option to manage
expenses, automate the process, scan receipts,
gather reports from colleagues, track time, and
much more.
Meaning, you need not feed all the bills and
expenses on your own. You can click a picture of
your receipt and scan via the application, where it
will be fed the values automatically.
3. Spendee
This is yet another budget tracking application
to download and use. The app comes loaded with
high-end design elements and provides features
like tracking income, analyzing your financial
habits, and maintaining your budget.
Artificial Intelligence is playing a significant role
in the advancement of technologies, and the same
goes with the Budget apps. But are they capable
of beating human IFAs (Integrated Financial
Advisors)
8 | November | Techfastly | 2020

AI and Financial Planning Apps:
What Happens When They Merge?
AI and its sub-technologies are
quite popular in the market
for mimicking human nature,
including understanding their
emotions. With this power, it is
adding a complete range of new
features and functionalities into the
financial planning of mobile apps.
Some of them are as follows.
4.Personalized Experience
As already mentioned, AI
technology can understand human
behavior and respond accordingly.
Because of this, AI-powered
personal finance management apps
can offer personalized solutions to
a targeted user base.
many more individual traders to get involved in
this process and relish higher perks.
4. Forecasting
Last but not least, Predictive analytics - one of the
AI sub-technologies - also helps with analyzing
the real-time data and uses the insights gained for
forecasting the future of the market.
Wrapping Up
As we have discussed in this article, financial
planning apps are making a massive difference
in the lives of everyday users. And, in the coming
years, they will be able to bring more disrupting
changes in the economy by introducing the power
of cutting-edge technologies like AI into the
environment. It is enough to conclude that using
these apps can give you an escape from financerelated
stress, and thus, you must look forward to
downloading and using them.
2. Credit Scoring
Though credit scoring is done
manually, it is a tiresome and
error-prone task. However, when
AI is introduced to the financial
applications, the process gets
accelerated, more efficient, and
error-free since the technology
avails the opportunity to gather and
analyze heaps of data across the
globe.
3. Quantitative Trading
As the name states, this type
of market strategy will enable
users to research and analyze
data via mathematical and
statistical models to unleash new
opportunities. The process requires
a high amount of computational
power, and because of this, it
is exclusively handled by large
financial advisors and investors
only.
However, with the amalgamation of
AI technology and budget managing
apps, it has been much easier for
9 | November | Techfastly | 2020

In conversation with Vidit Gujrathi,
captain of India’s national chess
team. Leading from the front,
Vidit led India to its first ever
Chess Olympiad gold medal three
months ago. In an interview later,
he said, “We beat 163 countries to win the
gold.“India was one of the most consistent
teams. There was an incident where we
lost the internet and went to the second
position from the first position. We
showed we can bounce back from tough
moments that show our character. The
last day we won all games, defeated China,
which is a huge deal because they were
top favourites having won the 2 Olympiads
so beating them gave a lot of confidence.”
In the finals, playing against Russia,
there was a server outage, and two Indian
junior players- Nihal Sarin and Divya
Deshmukh- were disconnected and lost
the game. After a thorough investigation
by FIDE, the governing body of chess, its
president, Arkady Dvorkovich, decided
that it was fair to have joint winners. The
10 | November | Techfastly | 2020
In Conversation with
Vidit
Gujrathi

gold medal was jointly
awarded to India and
Russia.
The Indian team
composition:
Men: Vishwanathan
Anand, Vidit Santosh
Gujarati (captain),
P. Harikrishna and
Arvindh Chithambaram
(reserves).
Women: Koneru Humpy,
Dronavalli Harika, Bhakti
Kulkarni and R. Vaishali
(reserves).
Junior boys: Nihal
Sarin, R. Praggnanandha
(reserve).
Junior girls: Divya
Deshmukh, Vantika
Agrawal (reserve).
We spoke with Vidit on
various subjects. We
spoke about how playing
online was completely
different from playing
in the physical presence
of the opposition. As
mentioned before there
had been Internet issues
and what role the fear of
an outage plays and how it
affects the performance.
Below is our enlightening
conversation with Vidit.
Question: Congratulations for
being the joint winners with
Russia. Your thoughts on the
tournament?
Vidit: Thank you so much. My
thoughts on the tournament
are that it was a really big
success for India and chess
in India. To win a gold medal,
which has never happened
before on a grand stage, it
would be very beneficial to
chess. That feeling of winning
the gold is amazing and it’s
a historic moment for me
and the team because it’s
never happened before, we’ve
only won bronze once. So
definitely it’s a moment for
me to cherish.
Question: How was it different
playing the tournament
online? Did the constant
worry of potential network
issues added to the pressure?
Vidit: It was not such a
big problem for me to
play online because there
are some advantages like
playing from home but
when you play there are
issues that are out of your
control like the internet,
electricity and stuff like
that. We did face an issue
and after that we were
very alert and spoke to the
electricity board. It was a
very unique experience in
that sense.
Question: How did you
mentor the junior players
to ascertain optimal
performance?
Vidit: The junior players
are very talented,
sometimes I just had
to take care of their
psychology. For example,
one player lost and she was
very distrubed so I just
spoke with her, consoled
her. I told her that whatever
happens just leave all
the responsibility of the
performance on me and
just focus on playing the
game, you’re a very strong
player. That helped to
take the pressure off from
her and there were some
chess related activities
that wouldn’t have been
possible without her.
Question: What are your
plans for the long-term
future?
The Indian team composition
Vidit: My long term
plans are simple, once
the tournaments resume
with the over the board
tournaments, I will be
focusing on improving
11 | November | Techfastly | 2020

my rating, as a chess player to get into
the world’s top five. But before that
happens I’ll be focusing on the online
tournaments, which includes a lot of
rapid and blitz, which is a completely
different ball game if you look at it.
So, yeah, I have two goals, one is a
long term goal and one is a short term
goal. And short-term is related to
online chess and recently I won a blitz
tournament where World No. 2 Fabiano
Caruana was playing. So I’m trying to
improve my game there.
Question: There is a lot of mental and
physical exertion when playing. How do
you keep in shape and a healthy state of
mind?
Vidit: Definitely a lot of mental and
physical exertion. I would say I’m
handling the mental part well recently
but I do have to work on my physical
activity, especially when you’re home
and you’re working on the game from
home. It takes a lot of effort to stay in
shape and do the physical activities
which naturally you reduce. I have to
work on that, it’s not ideal but definitely
on the mental aspect I have been
making gradual progress to get tougher
mentally.
Question: There has been a recent
surge in the following of chess. How are
you managing the additional attention?
Vidit: The recent surge in chess
is definitely amazing. I mean as a
professional chess player I had been
wanting to see that and I’m very happy
that many people are interested in
the game of chess. I couldn’t have
asked for more. I am trying my best
to connect with my audience through
my youtube channel and talk to them.
They also give me so much support it’s
so amazing to see. I am very blessed
and grateful. I hope it continues and
is sustained and more people take up
chess and this boom continues.
Question: What are the next tournaments you
are looking to participate in? And have you
begun preparing for them?
Vidit: As I said earlier, I won a blitz tournament
last month where the World No. 2 Cauana was
playing. That was a great feeling, to win that.
Next is the Asain championship which will be
Oct 10-Oct 25. I guess all my preparation will
be related to that now.
Question: Who, according to you, are the top
three players today?
Vidit: The top three players is a tricky list
but it’s pretty obvious who the top player is
Magnus Carlsen. He has been literally winning
almost every tournament and he has been
world champion for 8-9 years. I would consider
him the world’s strongest player.
Question: What role does technology play in
performances? How do you use technology to
better your game?
Vidit: AI has come in, the hardware is getting
12 | November | Techfastly | 2020

stronger. How we use a calculator to solve a simple
math problem. There are engines in chess that
solve the moves and help you analyze the game.
They are much stronger than humans. So we
make use of all the latest technology and AI as well
in our preparation. I am constantly trying to keep
myself up so technology plays a huge role.
Question: Can you describe the following players
in a line? 1) Magnus Carlsen 2) Anish Giri 3)
Teimour Radjabov 4) Vishy Anand 5) Levon
Aronian 6) Adhiban Baskaran
Vidit: Magnus Carlsen: excellence, world
champion, strongest player.
Anish Giri: witty, funny, loves chess a lot.
Teimour Radjabov: funny, nice person, and friend.
Vishy Anand: the reason of Indian chess scene.
Levon Aronian: own style of talking, very
aggressive player.
Adhiban Baskaran: a beast, known for out of
control play.
Interviewer: It’s been a pleasure speaking with
you Vidit. I congratulate you and the entire team
again. And we are rooting for you to become the
world champion soon.
Vidit: Thank you very much.
13 | November | Techfastly | 2020

| Chaitra Saxena
COVID-19 Misinformation -
Your Guide to Spotting It
While it is safe to say that
COVID-19 has grappled
the world and brought it
to its knees, the issue of
spreading misinformation
is making it even worse.
Thanks to growing
internet penetration
globally and easy access
to multiple informationsharing
platforms, wrong
information being spread is
becoming more rampant.
From natural remedies that
claim to cure coronavirus to
how the virus came about,
there is a lot of controversial
information being spread,
most of which are baseless.
This kind of misinformation
can be detrimental to the
14 | November | Techfastly | 2020
many efforts made to fight
COVID-19 by creating more
panic among the public in
some cases. This also leads
to some of the genuine
information on public
portals being overshadowed
by the wrong ones.
Here are some ways
you can spot COVID-19
misinformation:
Sources
One of the first things you
need to check is the source
of information. A simple
google search of the text
should be able to give you
the source. Information
may even claim to be given
directly by those working
in prestigious institutions
and organizations like
the WHO or renowned
universities. In such a case,
check the organizations’
official websites to see if the
information is stated there.
Some messages may
even come with the logo
or a website of the said
organizations. In this case,
you should always crosscheck
the authenticity
of the link and the logo.
Considering how rife
the internet is with
misinformation, it is safe
to assume that any piece of
content you consume that
is not from a reliable news
site can be considered a

rumor till you have double-checked
its sources.
Bad English
Most of these messages that spread
misinformation are written in poor
English. This is one of the first
red flags you can spot even before
making any attempt to check whether
the information is genuine. Any
messages that are all caps, have major
grammatical errors, or have other
peculiar issues like way too many
question marks are rumors more
often than not, even if they claim to
have a reputable news source.
What to do if you spot
misinformation?
One of the most important things that can curb
the spread of misinformation is taking the right
steps once you have spotted it. Here are some
Check how recent the
information is
Occasionally, the information in a
message or post may be right in terms
of the facts stated. However, this
information may not be recent and
may have been originally posted in
another context. These type messages
are then circulated, claiming to be
related to COVID-19.
This is one of the biggest challenges
at beating misinformation in public.
Most people stop cross-checking
the information when they find out
that it has a credible source and do
not consider looking at when it was
released.
Look for regional
myth-busting websites
Several regional and international
websites continuously call out fake
news and misinformation pieces with
ample proof to support their claim.
These websites can be your go-to
tool for spotting misinformation. If a
message you have received has been
widely circulated, there is a very good
chance that these sites have already
featured information about it.
things you can do to contribute towards this fight
against the rampant spread of wrong information
on social media or messaging tools.
Let the person who has shared
the message/image know
One of the basic things you can do to stop any
misinformation from spreading further is to
inform the person sharing it about the same. If
you have seen any misinformation regarding
COVID-19 on a social media platform or on a
WhatsApp group, it is better to confront the
person privately to ensure that he/she does not
get defensive.
Undo your mistakes
If you are the person who has shared a wrong
piece of news on social media and has been
corrected by someone, make sure to take it in the
right stride. Do not get defensive about it and try
to take down the information as soon as possible.
In case this is not possible, share a message or
post or image about your realization.
15 | November | Techfastly | 2020

Most importantly, if you have got this piece of
wrong information from someone else, make
sure that you let that person also know, so he/
she can rectify it as well. While these steps
may not completely undo the spread of wrong
information, it is a step in the right direction.
COVID-19 misinformation can be as
dangerous as COVID-19 itself. Always stay
curious about the information you get and
make sure it is authentic before you share it.
This is applicable to not just COVID-19 related
information but for every topic.
Technology For Business
www.techfastly.com
16 | November | Techfastly | 2020

Sandeep Trichal
The Great
Acceleration
We are witnessing a significant
transformation in the way societies,
countries, institutions, and
economies function with the onset
of the fourth industrial revolution.
The rise of technologies like
artificial intelligence (AI), machine
learning (ML), natural language
processing (NLP), and others that
make up the foundation of the
fourth industrial revolution is
leading to the increasing adoption
of automation and changing the
way we function as a society. They
are significantly altering the way we
work and giving rise to a paradigm
shift in the manner societies are
organized in tandem with other
forces influencing the human
culture and consciousness, shaping
up new frontiers of the human
evolution.
The onset of the fourth industrial
revolution suddenly came into
the limelight as the entire world,
currently in the grip of an ongoing
pandemic, realized the global
economic order’s fragility and
the drawbacks of globalization.
A system that emphasizes
maximizing the productivity
and profitability rather than
creating a bare-minimum buffer
manufacturing capacity for
any perceived emergency was
considered an inefficient and
unprofitable approach. This system
faces severe criticism as advanced
and rich economies face crippling
shortages of things like ventilators
and PPEs to fight the infection
spread. Countries and politicians
17 | November | Techfastly | 2020
The Impact of
Automation
on the Future
of Work And
Beyond
“Machines are replacing humans
in dangerous and labor-intensive
jobs, which benefits society and
gives rise to a more just and
equitable system”.

are now advocating a renewed
emphasis on self-reliance and a
significantly different economic order
to ensure the availability and smooth
supply of essential goods and services
needed.
People now realize the follies of an
economic system that encourages
unlimited consumption of resources.
It is worth exploring how technologies
related to automation are shaping up
the future of our planet, what impact
the rise of automation will have on the
way we work and how our planet will
cope with the ill-effects of what has
been termed ‘the great acceleration.’
With its origins in the mid-twentieth
century, the great acceleration has
altered our planet’s ecosystems
at a blinding pace. It has led to an
extinction-level decline of the natural
world. In this write-up, let us delve
into the impact of automation on the
future of work.
Impact of Automation
On The Way We Work
Looking at the history of the three
industrial revolutions, it can be safely
inferred that these transformations,
even though creating temporary
unemployment, led to the opening
up of new areas of work and had a net
positive impact on the number of jobs
created. However, what sets apart the
current fourth industrial revolution
is the sheer scale of its impact and its
potential to usher in very high levels
of prosperity and human welfare.
Machines are replacing humans in
dangerous and labor-intensive jobs,
which benefits society and gives rise
to a more just and equitable system.
So, in the coming decades, automation
will lead to autonomous vehicles
becoming predominant, eliminating
the need to drive. Consequently,
jobs of truck-drivers, taxi-drivers,
and the like are likely to become obsolete. On
similar lines, robots are likely to take increasingly
complex roles in sectors like defense (replacing
human soldiers and saving the loss of life and
limb) and agriculture (like taking up farming in
barren soil conditions and further increasing the
food production).
Such automation levels can be seen in our quest
for ever-increasing productivity levels, which
have stagnated and consequently stagnated
the incomes of blue and white-collar workers
in developed economies and gave rise to
deeper economic inequalities a highly skewed
distribution of wealth. From the perspective of
the developing world, automation is perceived
as a huge challenge. It gives rise to many
unemployed youths, with major consequences
on social stability and acting as a catalyst
to upheavals and unrest in labor-intensive
economies. On the other hand, automation and
its large scale adoption leads to the emergence
of new dilemmas and the need for a new ethical
and moral code of conduct. For example,
consider what may happen if any person is killed
wrongfully by an autonomous law-enforcement
robot, what kind of punishment can be meted
out to such an entity, and will the people who
have suffered will get a sense of justice merely by
‘switching off’ the erring machine? These are the
new ethical and moral questions that we will be
dealing with in the coming times.
Reskilling And Upskilling
For The Jobs That Don’t Exist
Presently
As machines increasingly replace humans, it
also gives rise to digitization, with systems like
routine data-collection tasks, monitoring and
tracking various parameters like air pollution
levels and water contamination, or incident
reporting and documentation. The impact of
these changes will give rise to productive and
efficient workflows and business processes,
with humans having more time for tasks
requiring fine thinking, collaboration, and
creativity. Automation will also create new jobs,
requiring people who can manage the system
and processes required to develop and maintain
such kind of automated workforce consisting of
18 | November | Techfastly | 2020

robots. Refinement of technologies like AI
and ML leads to the rise of computers with
capabilities to mimic human learning and
decision-making patterns and automate
jobs like surveying, accounting, office
support, and the like.
Simultaneously, automation is creating
jobs that currently don’t exist, and we
cannot even imagine the kind of scope
and skill-sets required for them. For
example, when I was studying engineering
in college, I never imagined that I would
be working as a web content writer,
indulging in content marketing and digital
marketing. These terms didnt even exist
at that time.
We have an inkling of the things to
come, the contours of the new economic
order and the jobs it will create are
slowly emerging. The future jobs, rather
than emphasizing hardcore technical
skills, will value skills concentrating
on emotional intelligence, creativity,
problem-solving, fostering collaboration,
and value-creation. Partial automation
of jobs in healthcare and warehousing
is an indication of things to come. AI
and ML are evolving to read x-ray scans
19 | November | Techfastly | 2020

of patients, transforming healthcare
and robots performing surgeries and
telemedicine, allowing human doctors
to perform remote surgeries. Similarly,
robots are already replacing humans in
warehouses, with companies like Amazon
deploying robots to stack goods and
transport them speedily.
So it is clear that to stay relevant in the
work sphere, a major overhaul needs to
be done in our education sector. We need
to prepare a workforce that can adapt
to the rapid technological advances and
can work and interact with machines
and robots. We all need to undergo major
reskilling and upskilling in how we
handle the coming times to be dominated
by an IoT based world, where everything
is interconnected.
Wide-Scale
Transformation of Our
Cities
We should also consider the impact of
this major shift towards automation
and AI on the type of jobs we will do and
the related evolution of the workplace
and the consequent shaping up of our
cities and the related environment and
sustainability aspects. As the workforce
becomes increasingly mobile and flexible
due to the nature of jobs changing, it will
also dramatically change the concept
of workspaces as it exists presently.
Tomorrow’s office may be completely
different, facilitating collaboration
and interaction between people and
serving as incubators of innovation and
developing relationships.
intended capacity, as less people commute
to offices. Such a shift to a more flexible and
mobile work culture will significantly alter
our cities’ shape and design. The business
district in cities will become outdated, as
there would be no need for a large number of
people to commute to a centralized location
in the city.
The Thinking Machines
The impact of automation and sophisticated
AI-based machines doesn’t stop here. I was
astonished to learn about the next-gen AI,
which has led to the development of the
Generative Pre-trained Transformer 3 (GPT
-3) language model, developed by OpenAI
research institute. This powerful and
sophisticated language model can generate
human-like text, ranging from commercial
business writing to creative writing. Apart
from performing routine and mundane tasks
like business correspondences, the GPT-3
language model can also write poetry and
perform technical tasks like coding. Based
on billions of parameters, the development
of this latest AI-based language model is
astonishing and profound at the same time.
I wonder what sort of consciousness the
machine will possess, if any, and if it can feel
the emotions capable of framing in words.
The job of content writers, novelists, painters
(remember the auction of the AI created
This impact can already be felt with
the sudden spurt in the work from
home trend. This has resulted in vast
and expensive office buildings lying
vacant, businesses relying on the office
workers going bust, and transportation
networks operating way below their
20 | November | Techfastly | 2020

portrait in 2018) are also on the line
at par with drivers, accountants, and
telecallers. Not to mention the impact of
this technology on the menace of fake
news, complicating matters further, as
people would not be able to make out
what is fake and propaganda dished out
by vested interests from genuine and
fact-based news is increasingly getting
sidelined.
Final Words
The writing on the wall is clear.
Automation and AI-based technologies
are here to stay. They are already
shaping the future with a completely
transformed work culture, leading to
large-scale disruptions in employment
patterns and the economic order.
The world is at a crossroad. One way
is leading to a ‘black mirror’ type of
social credit system already being
implemented in China. The State applies
a suffocating and highly oppressive
control system over its citizens’ lives,
with every move and word of citizens
being monitored continuously.
The other way leads to the creation
of a world with equitable distribution
of wealth and democratizing the
tools and knowledge that would
make our societies and people better
educated and equipped for a bright
and prosperous future. The choice is
ours. By being aware of this profound
shift taking place, we would be doing
humanity a great service by making
a conscious choice regarding how
such technologies shape our world
and culture, impacting not only us
and our children but setting the stage
for generations to come. What kind of
world we leave for them depends on
the choices that we make now, and it is
better to make an informed choice for a
world with unlimited possibilities.
21 | November | Techfastly | 2020

In Conversation with
In this section of ‘In
Conversation with’,
we interview Louis
Camassa, LinkedIn
Influencer, Brand
Consultant, and
Thought Leader. In his
own words ‘Apply empathy
to inspire sales and
extend loyalty’, Louis
has consulted countless
brands on how to understand
their customers
and attract them to their
brand. He has developed
a process known as
“EMPATHETICS”, which
helps brands capture,
keep, and increase customers’
interests. Today
we speak with him on a
variety of topics.
Question: Hello Louis,
thanks a lot for talking
to us. My first question
is about the impact this
pandemic is having on
companies and how they
are dealing and if leadership
needs a shift compared
to before in terms
of strategy and empathy?
As an influencer and consultant,
your perspective
would be of great value.
Louis: So I have a unique
position on this because
number one, I think
the challenge for me is
that I live in a unique
area. I live in California,
it’s a little town called
San Luis Obispou with
a population of around
60,000 and half of that is
students that go to a local
university called Cal Poly.
So we have a very small
22 | November | Techfastly | 2020
Louis Camassa
population here and it’s the highest price apartments. So it’s a
very expensive place to live, very affluent and we just live in a
bubble of sorts. So what happens here doesn’t happen elsewhere.
Hence that would be the basis of some of my thoughts
because I don’t know how the rest of the world is faring in this
situation. But we have been fairly unaffected.
I think where my perspective is unique is that I decided to go
outside this area and interview leaders in marketing, specifically.
In how they’re dealing and how their companies are

getting through this. What I
found was that many of them
are doing well, many of them
are even doing better before
Covid-19 and I think the
reason is that there are certain
pockets that are largely
unaffected and those pockets
are still making purchases
and going about their lives. So
I think what leadership has
changed, from what I have
seen and heard, there is underlying
or not even underlying,
an advert understanding
of others and everyone’s situation.
I think this first started
out with companies delaying
and for loan payments, mortgages
and rent. Other companies,
like Verizon, were giving
away higher data usage on
plans. There were high levels
of understanding and empathy
and compassion. Business
response by bettering
services. Hotspot is another
example of them offering really
low price plans. And I think
that has changed but it is
magnifying certain attributes
of the leader, understanding
and empathy, being able to really
relate to the other person
on the screen and having the
opportunity to walk around in
their shoes. And that leadership
will remain forever and
should remain forever. Look
at successful companies like
amazon- they focus their
whole business on really understanding
their customers
and providing value and that’s
why they’ve been so successful.
And I think other brands
have seen that and its leaders
are emerging with those traits
and going back to their roots
to understand people and I
hope that continues.
been looking at is that not a lot of organizations are confident
that everyone works from home thinking there
could be a potential drop in productivity. But that does
not seem to be the case, so could it be the new norm
going forward?
Louis: I think it’s always been the norm. For us in the
technology industry and software business and certain
marketing advertising. A lot of work happens remotely.
And I think what you’re saying is that now there a lot of
professionals and agencies are trying it. This is largely
how everything gets, it’s how adoption goes for everything,
you have a small percentage of adopters, early
adopters who really do something and implement it. It’s
like when amazon or ebay in their early times were trying
to do something really new. Remember when Uber
came out, this was amazing, I remember taking an uber
and someone was like, “Wait a second, you’re gonna get
into a strangers car?” And I was like, “Yeah, how is that
any different from getting in a cab?”
Question: And 3-4 years later we started staying in
strangers’ rooms also.
Louis: Yeah, yeah in an AirBnb, same thing. It’s like
“oh my god you’re staying in a strangers house, I would
never do that, there’s gonna be an axe-murderer living
there.
So, there’s all these scenarios, and there’s so many more,
I’ve lived with them all my life. Time and time again.
And what I’ve learned through trial and error is that
anytime there’s pushback on something that’s really
Question: I agree with you.
One of the data points I’ve
23 | November | Techfastly | 2020

gonna be the next innovation. Anytime
it gets someone in the gut and
there’s a large emotional response.
External evoking experience, where
it’s externally evoking some kind of
response
to what
you’re
proposing.
So
remote
work,
this
one, is
a little
more
commonplace
because
people
like
myself
and
others
have
been
promoting
it. But there’s dozens of
influencers promoting it. The
problem is that in bigger industries
it doesn’t work. You have to set up
infrastructure and bring people. I think this is,
like everything, the masses are getting a taste of
it and it’s more commonplace for sure and I think
the bigger thought is, like you said, productivity
is time management. This is an area that is very
challenging
for people
to master.
How do
they balance
their
personal
life with
their business
life so
they’re not
working
12-13 hours
a day. Cell
phones
and you
have your
computer
in front of
you, what’s
stopping
you from
checking
them at 7 in
the morning?
Or going on your laptop at 10 at night, doing
some research for your customer segment. There’s
just a lot, I think that’s what’s improved in some
cases, that people are working more hours.
Question: I wanted to connect remote work with
one specific function called sales. There is remote
work and there is sales. I wanted to understand
what kind of role would online tools play in the
sales function?
Louis: For sure that industry is going to continue
to evolve and expand. If you look at Zoom right
now, their stock price has skyrocketed, use has
skyrocketed. Google play has been in play for
several months, maybe tik tok has bumped them
maybe a couple times but it’s been zoom number
one. Remote work has transformed to zoom meetings
and there’s a variety of tools you can use to
improve remote work and telecommute and all
that. But if you look at all the tools there’s a lack of
congruity between them and connection. So you
have zoom for meetings and slack for communication
and maybe you have a project management
24 | November | Techfastly | 2020

tool then you have Airtable. You have all
these different tools you’re using and
they’re all disprant and disconnected. I
dont think anyones done a great job at all
these tools so that everything is cohesively
sewn together and works fluidly. Slack
tries to do that with their integrations and
to some extent that’s working. This is new
know if there’s one that really ties it all together
well and I think that will be the future.
You have Microsoft Office and Google,
they have their own office suites and all
their different pieces that you can use for
meetings and for docs and spreadsheets.
The biggest challenge I see for individuals
and brands is organizing their operations
and having clear
project management
systems and
communication
systems.
Question: One
interesting fact
that I came across
was that since
Covid-19 started
there’s been a
surge in security
breaches globally.
So how important
is information
security and what
are your thoughts?
terrain but now that there are more people
working remotely there’s higher demand
for better cohesion between all these tools.
Better management and oversight.
Question: There is huge potential in this
industry for disruption. An integrated
solution like you said, a solution, in your
wods, that’s cohesively sewn together.
There’s potential for a solution, right?
Louis: Absolutely, I think if you look at
companies like Ghira, they have done a
tremendous job sewing together all their
platforms. They’re more than advanced
solutions, I don’t think they are as simple
or straightforward for small or medium
sized businesses. You have got Basecamp
that is good for smaller businesses but
they lack in certain functionality. I don’t
Louis: Interesting,
I didn’t know that
there had been
a surge. Security
has always been at
the top of mind for
me. Specifically
when it comes to personal data and private
data. I think, if you look at Facebook
and other social networks like Tiktok for
instance, there’s a lot of security concerns
that, in my opinion, are misplaced. Really
over magnified TikTok, Facebook, they’re
not really the problem. The bigger problem
when you have companies like Chase
Bank, Blue Cross, the DMV of California,
there are many more that have been
hacked and data has been disseminated
and now can be bought on the dark web.
I heard the other day that Shopify had an
exploit, some of their support team had
somehow gotten records of a site that I
use. Now Shopify is a huge leader and their
stock price has gone up like a hockey stick
because of the crisis and I think they are
the anti-Amazon. Great company but even
them. And this was not due to their soft-
25 | November | Techfastly | 2020

ware, it was due to people. So security is
paramount in my opinion and if you look
at Shopify’s stock price, there hasn’t been
any blip on the radar because of that exploit.
Same thing, these other companies
that have a security exploit. The only time,
I remember where stock price was affected,
was when EquiFax had a data breach
and they had some losses and so forth. But
otherwise it just gets swept under the rug
and people move on where there are hundreds
of millions of data records floating
around the dark web where people could
download and get your personal information.
And, in my opinion that’s way scarier
than Facebook giving away my friends list
or the ramifications of getting access to
some of the things I like.
Question: I see your point in the real area
of concern regarding security. The data
that really matters, financially, is the one
that needs optimal security. I wanted to
discuss a little bit about Dark Factory.
Would there be more focus on building
autonomous factories going forward?
Louis: Here is the thing with AI, and
automation and this has been going on
for years. Tesla, how they build their cars
is largely robotic and Amazon has huge
improvements in how they pack and ship
their customers products with all their
robotics. And now Amazon has got FAA
approval to do drone deliveries through
robotics. So certainly there will be a lot of
robotic use in the future. The underlying
fear, I heard this in a peer group, someone
was talking about how robots and AI is
going to take over all the jobs and it’s just
not true. It’s what’s called a luddite fallacy.
It’s what happened over in Europe and England.
Compare it to weaving, like they’re
making clothes, it was a loom that they
automated and you didn’t need a person to
do the sewing anymore. There was this big
debate about how all these people were going
to lose their jobs and crash the economy
but what happened was their jobs were
redistributed to different areas and nothing
happened. So I think people are overly
sensitive because they don’t understand
it and we’re still way off from when that’s
gonna affect any jobs or manufacturing.
Question: It would create so many opportunities.
In our analysis of how many jobs
could be potentially lost, we never take into
account the fact that there will be the creation
of new opportunities and new skill
needs.
Louis: That’s exactly right, a lot of people
don’t consider that even if machines are
doing the work, they still need to be maintained
and updated, and programmed. I
worked in a machine shop, many years ago
that my family owned. You still had a person
sitting there, monitoring it and updating and
programming and cleaning, and having to
make sure the parts were in there and taking
them. There was still work to be done, it’s not
like the machines sat there and did everything
themselves. It’s not possible. So there’s
a lot of that to it and I think especially in the
U.S. there’s kind of a sentiment where a lot of
our population doesn’t want to do that kind
of manual labor or work. If you look at our
trades, concrete layers are making upwards
of $100,000 a year laying concrete. That’s
not a highly evolved or complicated job, sure
there’s specialization but you can go to trade
school and learn it and you got yourself a
really nice paying job. The salary is so high
because there’s not a high number of people
interested in that field. There’s higher
demand than supply. I think that’s where
automation has to go. That way people don’t
want to go backward, they want to continue
evolving, work smarter not harder.
Question: That wouldn’t work, for example,
in India because you’ve more supply than
demand in such jobs.
Louis: Yeah that’s an interesting point. So a
lot of what happens in the US is we outsource
the jobs that people can’t afford to live on
here or don’t want to do to other countries.
That’s both good and bad, there’s a double
edged sword. The good is that other countries
are getting developed and gaining skills
but the bad part is that the work is monotonous
and tedious and sometimes challenging.
It uplevels, and in 10 or 20 years, all that
work is going to one country, that country
will have enough skills to do the next level
of work and they’re going to get offshored
26 | November | Techfastly | 2020

somewhere else. The circle of life is just
constantly evolving and improving.
Question: My last question is slightly political.
After the pandemic has the world become
more globalized or less globalized?
We see that we are banning apps, there are
trade restrictions, less travel. What do you
see the world will look like in the next 10
years in terms of how globalized would we
be?
Louis: I think we’ve definitely become
more globalized. I have seen this in my experience,
there’s more regulation now and
more fear and there’s a sensitivity to globalization.
Where things that were flying
under the radar and getting done without
government oversight now are starting
to come into the light. Here is what is
really interesting- information can break
down any barrier in any country, that’s
pretty easy to globalize; communication
and information work. What gets a little
more challenging is physical goods and
shipping. I think, if you look at Ali Baba,
China’s largest company, they sell the
most out of Walmart and Amazon. What
they have done is revolutionary. They have
been able to connect countries like the
US with manufacturers in China, India,
Korea, Japan, you name it. Go direct to the
source, the manufacturer, communicate,
hold transactions, have payment, shipping
all in one platform. It’s kind of like Amazon
but manufacturing. Unlike Amazon with
their retail you have the manufacturer and
you’re buying direct, it’s all self contained.
That in my opinion broke down a lot of the
barriers with globalization and you still
have taxations and government regulation
that are affecting it. But once the genie’s
out of the bottle, it’s hard to put him back
in. I think that platform and others like it
have really transformed how we are able
to interact, purchase and trade goods
with one another. That’s globalization and
there’s a lot of fear around globalization
because of security and privacy and you’re
data warfare. But I think we’ll continue to
see globaltion. I think it’s only gotten better
and continues to get better. In the U.S.
I tried to order products for my customer
and it couldn’t do the quantity I wanted.
They wanted to do quantities of 1 million
plus pieces and I only wanted 50,000 and
no one in the U.S. wanted to deal with us.
So I found a Chinese manufacturer who
was willing to do 50,000 and communicated,
wanted 30 days, got everything
shipped and it worked well. Globalization
because it has to be. I don’t think there’s a
choice, you can’t get it in your own country
so you have to go outside of it.
Interviewer: Thanks a lot, Louis. It was a
great interview. Your insights were really
thoughtful as always. I have been following
your LinkedIn articles since quite some
time. As always, you make one think longer
than it takes one to read your article,
which, in my opinion, is a hallmark of a
great thought. I look forward to speaking
with you again.
Louis: Thanks Srikant. Sure, why not.
27 | November | Techfastly | 2020

Venkatesh
EnChroma
Glasses Bring
Color to Your
Life
How do EnChroma glasses help
in correcting color blindness?
To understand this, we have to understand the
concept behind color vision and color blindness.
We see images with the help of photoreceptor
cells present in the retina. We have two types of
photoreceptor cells present in the retina. They
are rod cells and cone cells. Rod cells help in night
vision. Cone cells help in seeing colors.
We have three types of color-sensing cone cells in
our eyes. They are red, green, and blue cone cells.
Each of these three cone cells have overlapping
regions in the spectrum of light they absorb.
Whenever the overlapping of the spectrum is
broader, it results in poor color differentiation.
This condition is called color blindness. It is also
known as color vision deficiency (CVD).
28 | November | Techfastly | 2020
There are different types of color
blindness ranging from partialto-complete
color blindness.
People with CVD have difficulty
differentiating between colors such
as yellow and orange, green and
brown, pink and gray, or blue and
purple. This inability to distinguish
the colors is called red-green color
blindness. The other type of color
blindness is blue-yellow color
blindness. It is due to the inability
to see shades of blue and confusion
between blue and green colors. In
very rare cases, a person can be
completely color blind.
Definition of EnChroma
Now, let’s understand the concept
behind the name EnChroma glasses.

En- is the prefix, which means “within.” Chroma
is defined as the intensity of a distinctive hue
or saturation of a color. These glasses filter the
light with a specific wavelength to reduce the
spectrum’s broader overlapping to keep it within
a specific spectrum of colors. Thus the name
EnChroma glasses.
To understand more about Chroma, you can refer
to Munsell Chroma.
Evolution of EnChroma Glasses
correct the vision. It does not cure
any color blindness.
It does not correct any other color
blindness.
After wearing the EnChroma glasses,
it usually takes between 5 to 15
minutes to see the colors.
You have to wear these glasses all the
time, like vision correction glasses.
Having understood the concept behind color
blindness and EnChroma glasses, let’s delve into
the details of the idea used in the filters that coat
EnChroma glasses and the type of color blindness
it corrects.
The filter used to eliminate the overlapping of the
wavelengths of light is called optical interference
filters.
There are two types of optical interference
filters. They are narrow notch and multi-notch
filters. These filters are primarily used in Raman
spectroscopy and laser-based fluorescence.
These applications require filtering different
wavelengths to pass the required wavelength of
light through the spectroscopy to carry out the
desired experiments.
The same principle is used in EnChroma glasses,
which uses multi-notch filters to strongly suppress
one or more wavelengths or narrow bands of
wavelengths and maintain higher transmittance of
nearby wavelengths. This suppression or cutouts
in the visible spectrum help to enhance colors and
correct color blindness.
Type of Color Blindness
Corrected by EnChroma Glasses
The EnChroma glasses reduce overlapping
regions between red and green cone cells by using
a filter. This helps to improve the color vision in
people suffering from red-green color blindness.
Key Takeaways
EnChroma glasses help to correct red-green color
blindness like any vision correction glasses that
29 | November | Techfastly | 2020

| Techfastly Team
Investing in
Technology
With constant changes
in the user trend and
global market, the stock
market has faced constant
fluctuation in the last few years. The
industries are rising and falling in a
way that makes it almost impossible to
anticipate their future.
However, there is one industry that has
shown excellent future potential- the
tech industry. It has shown significant
progress in terms of both its position
in the market and its profit values. The
following articles will share the data
that will prove its potential and why it’s
the best industry to invest right now.
Progress In Tech
Companies Value
The technology sector has undoubtedly
shown great strides in the last decade.
With modern technologies like the
IoT, AI, RPA, and more, it has opened
the door to a much better world, with
many more opportunities. The stats
by financesonline.com states that the
sector now accounts for more than
over $3,360 billion. 4 out of every 10
United States has reported demand for
professionals in this sector.
The world has seen technologies that
were unimaginable before this decade.
There are AI-based machines, selfdriving
cars (conceptual), and many
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more fascinating technologies. The era
also marked the discovery of ultrafast
processors and graphic cards. This
decade marks a new milestone for a new,
better, and faster world.
The best part is that these technologies
aren’t just benefiting the industrial
sector but also offer excellent investment
opportunities for investors. You can use
this rising market to your benefit by
understanding and investing in it. The
next section will tell you more about
this art and share some tech sectors you
should consider.
Top 5 Tech Sectors To
Invest In
The tech sector is growing at an excellent
rate, but some sections have better growth
than the rest. These extra quick-growing
sections can present you with a great
market to invest and earn profits. Here’s a
list of 5 of these sections.
Artificial Intelligence
AI being at the top of this list is no big
surprise, especially when you consider
the progress rate it has presented.
The technology finds its application in
almost every modern firm right from
manufacturing to healthcare. Even the
advertisement industry and fintech are
starting to use it.
The technology is booming at an
unimaginable rate, opening room
for lots of jobs as well as investment
opportunities. According to the studies
by Statista, the sector has exhibited a
growth rate of 154% in 2019 and is still
increasing. The website also establishes
that the AI now covers a market revenue
of over 10.1 Billion USD. Another graph by
the same site predicts that this revenue
may rise to 125 billion by 2025.
The technology is attracting investors and
tech enthusiasts from almost every sector
of the industry. It has also become a base
of many startups lately. Not to mention
the huge investment companies like IBM,
FB, and Google are making for it.
All these factors make it clear that AI
technology is here to stay and would present
an attractive market in the coming times. So,
without any doubt, this sector is worth your
time and money.
Data Science
Artificial Intelligence uses processes like
machine learning and predictive analysis to
understand the market better. It means that
any industry using AI will have to deal with a
large amount of data. Collecting this data is
not a big task, especially with smart devices
like the wearables, Alexa, and other such
devices. However, organizing this data in a
meaningful way is another story. You need to
store the unstructured data, refine it to find
the required part, and then store it in.
You also have to ensure that the bulk
data doesn’t affect the processing speed.
Therefore, you will need multiple tools and
professionals. The list includes analysts,
data virtualizers, clutters, and applications
like Hadoop.
These requirements turn this industry into
a sector that can help you to earn excellent
profits. Companies like Amazon, Microsoft,
and Google in this sector further add to its
value.
App Development
Since the development of Apple and Google
stores, the demand for applications has
always been high. Today, every business,
enterprise, and cooperative needs dedicated
applications for their services. Even the
government sector has a massive demand
for them. They generate more than 50% of
the world’s internet traffic. The demand is
further increasing with new technologies
like VR and AR into play. Even the tech
sectors like AI and data science depend on
applications.
This sector has also exhibited a growth
rate that is much more than almost
any other tech sector. The website
alliedmarketresearch predicts that the
industry will have a revenue of 407.31 billion
dollars by 2026. It’s a growth of over 301.04
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billion dollars within eight years
(2018-2026). So, if you are interested in
investing in the tech sector, this one is
a perfect option.
Cloud Computing
In this age of information, hard drives
and other mass media devices are
not enough. The users need tools
that can offer much larger storage
capacity without compromising speed
or rising prices. The only answer to
this requirement is cloud computing
platforms. They are fast, reliable, and
can be accessed from any part of the
world without any issues.
These platforms are also becoming
the base of centralized industry and
remote working. Its growth is why even
the top-notch companies like Amazon,
Google, and Microsoft have started the
programs for cloud computing. About
one-third of the IT sector’s budget now
goes to this single sector. They use the
online storage to backup data, host
websites/software, create recovery
images, and several other processes.
Stats show that by the end of 2020,
the spending on this sector will be
approximately 952 Billion USD.
Cyber Security
With the whole world turning digital,
cybersecurity is a must every company
needs to prevent unauthorized
use of data. The companies need
professionals, tools, and every
other thing that can assure the best
cybersecurity for them. Hence, they
are ready to spend a higher amount in
this sector than any other.
The sector has reserved a market
investment value of over 37 billion
dollars by the end of 2018. A study by
Statista predicts that by the end of this
year, the investment in this sector will
further rise to 42 billion. The number
is enough to establish its market value
in the upcoming years. It’s the sector
that you must surely consider.
Wrapping Up
The tech sector is rising, and you can use
it to your advantage. All you need is to find
the perfect investment opportunity for you.
Hopefully, the data above may have provided
you with the knowledge you need for this part.
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