Overstock, an American online retailer based in Utah, announced its plans to offer a new kind of digital security that works just like bitcoin. According to its CEO Patrick Byrne, the company has already hired developers and lawyers needed to put this plan to action.
Their next step is to secure approval from financial authorities, which is why the company already filed a prospectus with the Securities and Exchange Commission indicating their plans to issue up to $500 million in stock or other financial securities similar to the online system that governs bitcoin.
(Via News BTC)
All the big data technology in the world won’t close the gaps between data and action. One global bank told us, “even with all the capabilities and tools in place, we are drowning in data and starving for insight.”
To harness the power of all your data to attract and serve customers — to be a digital business — you also need a new way of consistently harnessing insights that matter: insights teams using an insights-to-execution process anchored by a new digital insights architecture. We call this combination of people, process, and technology “systems of insight.”
(Via Computer World UK)
IT is grappling with how to protect sensitive data, making the state of data privacy worrisome no matter how big or small the organization is. Smaller companies care about data privacy just as much as big ones do, but they’re ill-equipped to do much about it. Large enterprises take more measures to deal with the issue, but they aren’t that successful, either.
When we talk about topics like IT governance, data privacy, and information security, there’s a tendency to imagine that these issues apply primarily to large companies with household names. As if smaller organizations don’t … well, not exactly don’t care, but they have so much to juggle, and fewer IT staff available to do the juggling, that such matters get little attention.
As it turns out, that’s not precisely so. Small and mid size businesses care about data privacy. They care a lot. A recent report among IT and business professionals responsible for corporate data, sponsored by by Druva, shows that 93% of respondents across company size are challenged by data privacy.
(Via Business to Community)
Siren safety ring (CNET/CBS)
Wearable technology is a big trend right now. There has been an explosion of gadgets that can track your fitness levels, sleep, heart rate and even your posture. A new category of wearables devices is focused on safety. The Safelet is like wearing a guardian angel on your wrist. This simple cuff pairs with your smartphone so you can add friends and family into your safety network. If you need help, click the two buttons on the side and your contacts and the police are immediately notified of your location.
(Via Ozarks First)
Self-driving cars are expected to revolutionize the automobile industry. Rapid advances have led to working prototypes faster than most people expected. The anticipated benefits of this emerging technology include safer, faster and more eco-friendly transportation.
Until now, the public dialogue about self-driving cars has centered mostly on technology. The public’s been led to believe that engineers will soon remove humans from driving. But researchers in the field of human factors—experts on how people interact with machines—have shown that we shouldn’t ignore the human element of automated driving.
(Via PHYS Org)
The smart city is a city which uses digital technology to run itself and manage resources efficiently. A city can be defined as smart, once all the eight key aspects that make the foundation of a city are identified as smart: governance, energy, building, infrastructures, mobility, technology, healthcare and safety.
Indeed, all nations in the world are now racing to create smart cities within their territories to ensure that all aspects of life are critically improved and made smart so to guarantee citizens’ well-being. From Stockholm, to Berlin, Paris and Barcelona, national governments, local municipalities are focused on implementing smart technologies across all major domains. The new power players of the world, the likes of India, Nigeria, Brazil, Turkey, China, are now learning this lesson and running with this vision in their elected governments.
Although the major facets for a successful smart city are taken into account, nonetheless, I have noticed that one facet seems to be overlooked, security. Security should be the top priority when implementing and drafting a smart city programme. However, many a time it is ignored or not prioritized, forgetting that smart security could improve not solely the lives and safety of its citizens, but also make an impact on the other key aspects comprising a city, and in so doing will protect the national critical infrastructures in the other sectors.
A completely new wireless standard might be needed to provide connectivity in the age of wearables, replacing the WiFi with Body Fi, a researcher has suggested.
In an article on the Generator Research website, editor Andrew Sheehy describes how the current wireless standards fall short of what’s needed to provide smooth connectivity for the increasing number of wearable devices and proposed a way to tackle the problem.
Instead of connecting each of these devices separately to a wireless network, he proposed to connect them to a single controlling device that could act as an interface for the rest of the body network.
Billionaire entrepreneur Richard Branson is set to bring “the greatest minds in cryptocurrency” together to discuss bitcoin and the blockchain on his personal private island this May.
Taking place on Necker Island in the British Virgin Islands from the 25th to 28th, Branson’s eventwill feature discussions moderated by Hernando De Soto, president of the Institute for Liberty and Democracy, Wall Street Journal senior columnist Michael J Casey and Matthew Bishop, US business editor for The Economist.
Branson has been enthusiastic in his praise for the bitcoin, having previously invested in payment processor BitPay and accepted the digital currency for his space travel enterprise Virgin Galactic.
(Via Coin Desk)
Looking to offload some patents and make some extra cash? Google may be an interested buyer.
The Web giant on Monday launched a Patent Purchase Promotion, an “experiment to remove friction from the patent market and improve the landscape.” On May 8, Google plans to open a portal where you’ll be able to tell the company about the patents you’re willing to sell, and how much you’re looking to make.
The portal closes on May 22, at which time Google will review all the submissions and let you know by June 26 whether it’s interested in buying your patents. If Google does want to buy your patents, you should get paid by late August, the company said.
(Via PC Magazine)
Wearable tech may be the next big thing, but that has yet to be proved. Despite all the media attention and the hype that the Internet is moving beyond phones and into wearable tech, no company has achieved major success in the category. That’s about to change, however, as a technology giant that can, at least at the moment, do no wrong has just entered the field. Apple may not validate wearables as an industry, but it’s almost certainly going to make its Apple Watch a serious player.
Up until now, growth in wearables has been persistent but relatively slow. That’s going to change in 2015, according to the International Data Corporation’s Quarterly Wearable Device Tracker. The reports forecasts that “vendors will ship a total of 45.7 million units in 2015, up a strong 133.4% from the 19.6 million units shipped in 2014.”
By 2019, IDC predicts that total shipment volumes will reach 126.1 million units, resulting in a five-year compound annual growth rate of 45.1%. Leading that growth will be what the research firm defines as “smart wearables,” devices that can run third-party applications, the category in which Apple Watch fits.
(Via The Motley Fool)