Category Archives: Innovation

27Apr/23

£4BN FOR ‘UK PLC’ ROLLS-ROYCE MOTOR CARS: THE GREAT BRITISH SUCCESS STORY

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The independent study, the first commissioned by Rolls-Royce in its history, was led by Dr Alexander Grous of the London School of Economics & Political Science (LSE) and includes figures up to and including 2022. Furthermore, this study is clear proof that, by putting exceptional products into the hands of the world’s most influential people, Great Britain secures its place as a centre of design, craft and engineering excellence on the world stage and, by extension, the nation benefits. Continue reading

26Apr/23

MSA Safety Showcases Firefighter Safety Technology at FDIC

Innovation, ,

At fire scenes, maydays are declared nearly 80 percent of the time due to a lack of firefighter situational awareness, according to Project Mayday, a collective study of mayday incidents, responses and prevention. While mayday calls are just one of many challenges facing firefighters on the fireground, MSA Safety, Inc., (NYSE: MSA) will showcase solutions that address these challenges at this week’s Fire Department Instructor’s Conference (FDIC) in Indianapolis, Indiana. FDIC is one of the world’s largest firefighter conferences and attracts more than 30,000 fire service professionals. This year, to address the connectivity, accountability, and communications challenges facing those firefighters and their colleagues, MSA will feature the latest enhancements to its Connected Firefighter Platform. Continue reading

26Apr/23

Does Google do Web3?

Innovation

Web 3 is the third generation of the internet, built on top of blockchain technology. It is a decentralized web that is owned and controlled by its users, rather than by large corporations. Web 3 is still under development, but it has the potential to revolutionize the way we interact with the internet.

Blockchain is a distributed ledger technology that allows for secure, transparent, and tamper-proof transactions. It is the underlying technology that powers cryptocurrencies like Bitcoin and Ethereum, but it can be used for a variety of other applications as well.

Web 3 and blockchain are closely related. Blockchain is the technology that makes Web 3 possible, and Web 3 is the application of blockchain technology to the internet.

Here are some of the benefits of Web 3 and blockchain: Continue reading →

24Apr/23

Now and Next: Futurice E40 names the e-mobility leaders spearheading the UK’s booming EV market

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Digital transformation consultancy Futurice UK today unveils its annual E40 report, celebrating the most innovative EV players driving meteoric change in 2023. Now in its third year, the biggest version of the report to date – featuring a record 22 new entries – shines a light on the people and ideas positioning the UK as a focal point for EV innovation. The report also features insights from EV sector leaders including Volkswagen Financial Services’ John Lewis, Connected Kerb’s Chris Pateman-Jones, and Claire Miller, Independent Mobility and Energy Advisor to Octopus Energy. Continue reading

21Apr/23

What process mining is and why it’s such a big deal

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April 21, 2023 /Technology/ – Process mining is a relatively new field of data science that uses data from event logs to discover, analyze, and improve business processes. Event logs are a type of data that records the activities that take place in a business process, such as who did what, when, and where. Process mining can be used to: Continue reading →

20Apr/23

What Large Language Models (or LLMs) are, how they are developed, and how they work.

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April 19, 2023 /Technology/ — A large language model (LLM) is a type of artificial intelligence (AI) that is trained on a massive amount of text data. This data can be anything from books and articles to social media posts and code. LLMs are able to learn the statistical relationships between words and phrases, which allows them to generate text, translate languages, write different kinds of creative content, and answer your questions in an informative way. LLMs can be used for a variety of tasks, including: Continue reading →

20Apr/23

It is possible that AI training data could be banned by data regulators

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April 20, 2023 /Technology/ –It is possible that AI training data could be banned by data regulators like the EU’s General Data Protection Regulation (GDPR). The GDPR is a comprehensive privacy law that gives individuals control over their personal data. The law also requires companies to obtain consent from individuals before collecting or using their personal data.

AI training data often contains personal data, such as images, videos, and text. This data can be used to train AI models to perform tasks such as facial recognition, natural language processing, and object detection. However, the collection and use of AI training data can raise privacy concerns. For example, individuals may not be aware that their personal data is being used to train AI models. They may also not be aware of how their personal data is being used or who has access to it.
Continue reading →

19Apr/23

Artificial intelligence (AI) is changing the world

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April 19, 2023 /Technology/ — Artificial intelligence (AI) is changing the world in many ways. It is already being used in a variety of industries, including healthcare, finance, and transportation. In the future, AI is expected to have an even greater impact on our lives.

Here are some of the ways that AI is changing the world: Continue reading →

17Apr/23

The Stanford University report “The State of AI in 2023”

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April 17, 2023 /Technology/ — The Stanford University report “The State of AI in 2023” provides a comprehensive overview of the field of artificial intelligence (AI). The report covers a wide range of topics, including AI research, AI applications, and the impact of AI on society.

Here are some of the key takeaways from the report: Continue reading →