ranjan

The business world today is driven by customer demand. Unfortunately, the demand patterns vary considerably from time to time. That is why it can be so challenging to develop accurate forecasts. The goals of forecasting are to reduce uncertainty & provide benchmarks for monitoring actual performance. A new generation of Artificial Intelligence technologies have emerged that hold significant commitment on improving forecasting process including applications as product demand, employee turnover, cash flow, distribution requirements, manpower forecasting & inventory. Artificial Intelligence systems are designed to bridge the gap between the two traditional forecasting approaches - Managerial and Quantitative. Artificial Intelligence is defined as a Computer Based analytical process exhibiting actions and behavior considered ' Intelligent' by human observers. A.I. attempts to mimic human thought process including reasoning and optimization. One purpose of A.I. is...

The primary drivers of change identified is the role of emerging technologies such as Artificial Intelligence and automation. Technical jobs like Software Engineers & Data Analysts along with technical skills such as Cloud computing, Mobile Applications development, Software testing, and Artificial Intelligence are on the rise in most industries and across all regions. But a number of jobs that have seen the largest decreases in share of hiring over the past five years. These occupation include Administrative Assistants, Customer Service Representatives, Accountants, Electrical/Mechanical Technicians, many of which depend upon repetitive tasks. The effect of Artificial Intelligence is not theoretical, it is very much part of our present. As such, closer look is needed to look into growing presence of Artificial Intelligence skills in the work force impacting different industries and job functions globally. A closer look on skills is needed to create Artificial Technologie...

Electric vehicles are becoming increasingly popular all over the world now a days. Many countries have been offering incentives/ Rewards and facilitating establishment of Electric vehicles recharging and Battery exchange stations to encourage use of vehicles by public. Rapid establishment of these stations may lead to major increases in peak loads, contracted capacities and basic electricity charges.Rise in new technologies aimed at reducing human effort when it comes to charging Electric vehicles expands interest in electrified transportation. As such, such stations in their current form may become obsolete by 2030 due to technology advances and making charging more convenient, more natural to owners / Drivers. This results in less of a need to stop for charging, something that shifts majority charging away from home despite bright outlook expanded for residential storage systems. This will be true in densely populated areas since shared vehicle transportation model grows and ...

South Africa is the Southernmost country of the African continent. It is bordered by Botswana and Zimbabwe to the North, Namibia by Northwest, Mozambique & Swaziland by Northeast and Lesotho by East. The country possesses two islands -Prince Edwards & Marion in Indian ocean about 1900 kms. from Southeast of Capetown.The country is renowned for its great natural beauty & cultural diversity which the country a favorable destination for Travelers since 1994. Its major cities Johannesburg, Capetown, Pretoria, Durban & Bloemfontein are the centers of its executive, judicial, commerce & industrial centers. It has a relatively stable economy on agricultural land and abundant mineral resources. The country has a well developed mature large scale mining sector for over 100 years.The country's Platinum group metals reserves expected to last another about 335 years and Coal for 256 years. It represents 8% of GDP of South Africa with total annual income of 500 B...

Michel de Nostradame was born on Dec.14, 1503  in a Jewish family and was one of the nine children of a well-to-do grain dealer at Saint- Remy-de-Provence, South of France. His Grand father introduced him to Ancient rights of Jewish tradition and celestial sciences of Astrology, giving him first exposure to the ideas of heavens & how they drive human destiny. He had to face wrath of catholic priests due to his inclination towards Astrological inferences during his young age. Despite all these, he completed his doctorate in Medicine in 1525. In 1538, an off handed remark about a religious statue resulted in charges against him.When ordered to appear before a church inquisition, he left the province & travel for several years through Italy. He met a group of monks later on his tour and identify one from them to be future Pope. The monk became Pope in 1585 as per the predictions of Nostradamus. Feeling staying away enough, he returned to France later and started his p...

Mental clarity is something one create quickly on the spot. It can escape anyone, even Shakespeare probably sat with a pen in hand searching for words to come out of his head or even Einstein had moments when he had no idea even after looking at a page full of formulas. Thus, following tips are essential to be put in practice which can sweep the mind to prevail upon restoration of mental clarity. 1) Simply life - Cut back social obligations if loaded with responsibilities. Getting involved more in connectivity worsen the situation. World won't stop without one output and one will be fine in updating Facebook status or texting / calling / tweeting anyone for a day. Its solution is to have a free electronics once a day in a week and cut back social obligations. 2) Meditate to De-Stress  - Brain can handle one thought at a time barring once as super fast.With lot of unwanted thoughts running in the background one cannot expect conscious thoughts to be clear. Its solution i...

Deception is universal phenomenon in human communication & source of moral indignation prevailing in all cultural systems. As such, several techniques of lie detection has been developed over the centuries. One of the first methods of lie detection was done in China in 1000 B.C. The suspect was to chew raw Rice while being questioned. Immediately, thereafter rice was examined. If it was dry, suspect was assured to be guilty of fraud. The assumption was that lie is accompanied by honest signals of body (Saliva) which reveal the anxiety experienced by the suspect. This principle of expressions, quite interestingly, of emotions with deceptive communication is reflected machine based learning. The second part is scientifically based e.g. Polygraph, phrenology and Graphology. This is followed by modern day approaches - Facial Action Coding System (FACS) Functional MRI and Brain Finger printing. The Artificial Intelligence system called 'Deception Analysis & Reasoning...

Alfred B. Nobel (1833-1896) a Swedish Chemist & Engineer by profession, who invented Dynamite and making Bofors a major arms manufacturer, left Nine Million Dollars in his will  to establish Nobel Prizes which are awarded annually to all those who have done best to benefit mankind without regard to Nationality in the areas of Peace, Literature, Physics, Chemistry, Physiology or Medicine and Economic Science. Winning a Nobel Prize is a life changing honor. The award attracts internationally known figure - a Scientist, a Laureate towards recognition highlighting one life's work and provide funds to continue and move ahead towards the mission. For Academics & Institutions, the prize is to attract best and brightest minds - whether students or Scholars. At the outset, it seems odd that an inventor of a powerful explosive would establish a group of awards which include Peace prize. But Nobel was an industrialist with conscience. He credited himself with creation of a control...

Introspection is the process of examining our thoughts, feelings and motives. It gears up a system of healthy self reflection, exploration and examination of our Brain and self well-being. It helps us in finding out the mistakes one has done in life and helps to learn from such mistakes. It gives a chance to catch ourselves repeating patterns which one find pain and need to change. It is valid and reliable scientific method of exploring and reflecting own consciousness and judging our attitude and behaviour. This term 'introspection' was used by Wilhelm Wunpt  who opened Institute of Experimental Psychology at the University of Leipzig in Germany in 1879. Its main benefits are - 1)  Strengthening emotional intelligence since one is taking time to reflect while looking inwards. 2)  Become more confident. 3)  Acting with integrity, to be clear on our own core values to strengthen theory to take better      decisions. There are seven ways to in...

Artificial Intelligence has been used to development technologies of collecting Big Data used by the businesses for years now. It can be for Manufacturing, Sales and Marketing, Healthcare, Logistics, Transportation, Speech recognition, Discussions with customers, Transportation and many more. In addition, Artificial Intelligence can be a important tool which will have impact on Human kind & can do to serve our planet as well. Given here under are the seven ways in which it can do so -  1) Energy Grids - In order to meet challenges for efficient use of Power, Artificial Intelligence is              now beginning to learn patterns of energy use by Day & Night, Geography, and Seasons. By       collecting this data, predictions can be for its Right distribution, Load management and Storage       needed. 2) Smart Farming and food distribution - A.I. can help in detection of crop diseases in its early ...

Singapore is one of the world's prosperous nations. It has been ruled by People's Acton Party (PAP) since its independence in 1965 from UK. Singapore's highly developed free-market economy is successful due its prudent monetary  & fiscal policies and a transparent legal framework. The Govt. is for implementation of active industrial policy to promote economic development & diversification & is promoting business by significant public investments and targeted fiscal incentives. Well secured property rights, promote entrepreneurship & productivity effectively. Singapore is one of the least corrupt countries though power of deeply entrenched political elites continue to raise concerns. Labour laws allows relatively free hiring and firing practices, Govt. has started making approvals of foreign labour difficult. The top  income tax for individuals is 22% and Corporates 17%. The tax burden is 13.6% of total Domestic income. Govt. funds generously Housin...

Robots and Artificial intelligence serve different purposes. These two fields are entirely different. Robots are entirely programmable machines able to carry out one or more tasks automatically with speed and precision. The three factors which constitute a Robot are - Interaction with physical world via sensors and activators, Programming, autonomous and semi- autonomous functions. There is no standard definition of Robot thinking which requires Artificial Intelligence. As well, a Robot involves designing, building and programming physical Robots. Only a small part of it requires a part of Artificial Intelligence. Artificial intelligence is a branch of computer science involving development of computer programs which would require human intelligence. Artificial Robots act as bridge between Robotics and A.I. These Robots are controlled by A.I. programs. Many Robots are not artificially intelligent since they were programmed only to do repetitive movements, so do not require A...

A Reserve currency is the one which is held in significant quantities by the Govts. as part of their foreign exchange reserves and is commonly used in international transactions, investments and all aspects of Global economy. The purpose of  Reserve currency is to be a currency of last resort i.e. Trust - used in international transactions. In order to be a good reserve, currency should be - Liquid - Easily sold & purchased in Market. Deep - Large amounts can be transacted without affecting the price of currency. Since 1944, when nations around the world ratified Bretton Woods agreement, Gold backed  U.S. Dollar has been the most dominant currency of the world. People prefer to use Dollars as it was trusted since U.S. always paid back its Debts - Term full faith & credit on every federal reserve bill. The U.S. economy benefits from a currency which greases the wheels of Global financial system. The strength of U.S. economy supports value of its currency. Aroun...

Elections in India have been the largest electoral exercise in the world ever since 1952 when first elections were held. Elections are defined in four phases of its process namely - Campaign, Vote, Announcements of results and subsequent formation of Govt. Survey research of election reflects close relationship between media & politics. Debates around study of possible elections results involve political and scientific arguments which sometimes are difficult to disentangle. Some focus on historical depths and some on quantities and qualities of methods adopted by political parties. In 1950, there were virtually no market research organisations in India and the dominance of Congress diminished any incentive to develop political polls. The survey started from 1989-90 polls which started with State level elections and later linked to Pre-poll survey on National level elections. At present, we see a surprisingly dramatic change in the pace and direction of election debates. ...

The right to privacy is a developed area of law in Europe. In 1980, OECD - Organisation of Economic Development issued guidelines governing protection of Privacy & Trans-border flows of personal data. These guidelines were however, not binding and data privacy laws varied across Europe. In April 2016, GDPR -General Data Protection Regulation was agreed upon by European Union (to be established by May 2018). The purpose of GDPR is to impose a uniform Data Security law on all EU members so that they need not write its own data protection laws. The five benefits to focus on adopting GDPR are- 1) Improve Data Management with Data subject rights. 2) Enhance Cyber security, cross border data transfer, Breach of security. 3) Increase market returns on Investment. 4) Accountability and loyalty, Training and awareness. 5) Third party vendor Management, Notice and consent. Under GDPR, if an entity offers goods & services to any business/person in EU and collects and process...

The growth of different sectors in the economy is balanced through the financial system. The financial system funds the sectors by providing funds for industrial, agriculture and services sector. The three major functions of financial system are:- 1)  Liquidity provision - Banks and financial services offer to buy and sell securities as per      need and in large amounts to fill the usual and sudden requirements of stake holders. 2)  Credit provision - Govt. invests in infra - structure projects by correcting spending,       and reducing the cycles of tax revenues. Individuals can purchase homes and business       can invest more than the cash they have and other utilities without saving entire amount       in advance. Banks and other financial services provide credit facilities  to the stake       holders. 3)   Risk Management Service - Finance provides Risk management from r...

India is the 7th largest country with land mass of 3.30 Million Square Kms. and second largest in population of over 1.2 Billion, accounts for 17.2% of world population. The country has to produce about one Trillion worth of GDP to fulfill needs of its population. In order to produce this one Trillion worth of output, India needs 2.5 Million of Barrels of oil per day which is 4.4% of total world demand for oil. This ever growing demand creates profound influence on growth and inflation levels in India. International oil prices is to effect the domestic prices. The administered price mechanism had shielded the country from impact of oil shocks. CURRENT POSITION Government of India has given up the administered price mechanism in oil sector and linked oil prices in June 2010 and Diesel prices in Oct. 2014 with international oil prices. Oil prices certainly affects Indian economy where US Dollars is the acceptable currency in international market. The impact has been assumed...

Artificial Intelligence & Machine learning saw a great spike in past few years, whether it is due to Partnerships, In-house Developments, Acquisitions. Large financial institutions around the world has been involved in bringing Artificial Intelligence into operations and customer facing functions. It has opened up a world of possibilities for Application developers. As machines continue to learn and analyze data, financial institutions can capitalize in various areas to enhance productivity and ultimately profitability. Machine learning and Artificial intelligence can effortlessly consume data and expedite at large levels. A.I.has several applications in banking sector of which the main are - 1. AMP (Anti Money Laundering) Pattern- Refers to sets of procedures, laws or regulations     designed to stop practice of generating income through illegal actions In most cases. most     of major banks throughout are shifting from role based software to A.I. bas...

Fraud has been a major issue for financial institutions since long. As the global transactions have increased, danger has too. Artificial intelligence has significant potential to reduce as financial automatic detection & machine learning tools becomes more powerful.The speed at which losses occur in financial frauds takes place makes fraud detection techniques increasingly important. An additional benefit of a more powerful model of Artificial intelligence is its ability to use wide data continuously for different customers of their transactions for accurate comparison. Thus, as life, circumstances & spending habits of customer changes, model would automatically adjust what it views as fraudulent transactions and so exercise control on such transactions and minimize frauds. Financial systems are interlinked with Buyers,Sellers,Service providers, Banks & criminals attack the weakest link to infiltrate systems and make fraudulent purchases and claims. Fraudster...

Further to submission in my previous note on the subject, given below is brief of what can be achieved as also taken care of  by use of Artificial Intelligence systems - 1)  Chances of error is almost nil and greater precision and accuracy is achieved. 2)  Fraud detection is possible in Smart cards-based systems and is employed in Banks and      financial institutions & manage records. Lacking emotional side, Robots can think logically      and take right decisions.without associating with the mood which effects Humans efficiency. 3) Can be used to explore Space. They are machines and have the ability to adapt in a manner     that Planetary atmosphere do not effect physical state and functioning. 4) Used to dig for Fuels & other mining purposes.They can be harnessed to explore depths      of oceans and can be used in overcoming the limitations that humans have. They can do      laborio...