Is dedicated to Group success by providing top Business Ideas,Market Intelligence, Data Security and Training with a Glimpse of Art. A Disruptive Business and Digital Innovation. Blog by Emmanuel Sodipo
Thursday, December 31, 2020
Extended 2020 Lockdown
Monday, November 30, 2020
Grateful Thanksgiving
Friday, October 30, 2020
The Leap of 2020
Tuesday, September 29, 2020
AI and Developments
Monday, August 31, 2020
AI and Forex
We would all be idle if we could..........James Boswell; Life of Samuel Johnson (1791)
Forex trading, short for foreign exchange trading, is the process of buying and selling currencies on the foreign exchange market with the aim of making a profit. It is one of the largest and most liquid financial markets in the world, with a daily trading volume exceeding $6 trillion.
Here are some key points to understand about forex trading:
Currency Pairs: In forex trading, currencies are quoted in pairs, such as EUR/USD (Euro/US Dollar) or GBP/JPY (British Pound/Japanese Yen). The first currency in the pair is called the base currency, and the second is the quote currency. The exchange rate tells you how much of the quote currency you need to buy one unit of the base currency.
Leverage: Forex trading often involves the use of leverage, which allows traders to control a larger position with a relatively small amount of capital. While leverage can amplify profits, it also increases the potential for significant losses.
Volatility: The forex market can be highly volatile, with exchange rates fluctuating rapidly due to various factors, including economic news releases, geopolitical events, and market sentiment.
Market Participants: Participants in the forex market include retail traders, institutional investors, central banks, multinational corporations, and governments. Retail traders typically access the market through brokers.
Trading Hours: The forex market operates 24 hours a day, five days a week, due to its global nature. It is divided into major trading sessions, including the Asian, European, and North American sessions.
Artificial intelligence (AI) has been increasingly utilized in the forex (foreign exchange) market to analyze data, identify patterns, and make trading decisions. AI algorithms can analyze vast amounts of historical and real-time market data to identify patterns and trends. This analysis helps traders make more informed predictions about future price movements.
AI-powered trading systems can execute trades automatically based on predefined criteria and trading strategies. These algorithms can react to market conditions in real-time, enabling faster and more precise trading decisions.
However, it's important to note that while AI can enhance trading efficiency and decision-making, it's not a guarantee of success in forex trading. Market conditions can be unpredictable, and AI models may also be susceptible to biases or errors in data analysis. Additionally, the forex market is highly complex and influenced by a wide range of factors, including geopolitical events, economic indicators, and central bank policies. Therefore, AI should be used as a tool to complement human expertise and judgment rather than as a standalone solution.
Friday, July 17, 2020
Theory of Recession
(Norman Lamont, British Conservative Politician, 16th May 1991, speech in the House of Commons)
- The king is cash-flow; without cash you would not survive
- The Queen is Risk Management; Don't lose what you have
- The Officers are Bargain Investment; Hunt for bargains that will position you for a win when the tide turns.
- Manage your funds
- Reduce your risk
- Leverage your opportunities
See You at the Top
Saturday, June 20, 2020
Technology in Post Pandenmic
Blogs and websites are been compressed under the powerful weight of a few dominant platforms. This concentration of power creates a new set of gatekeepers, allowing a handful of platforms to control which ideas and opinions are seen and shared.
A Sure Negetive
Some Positives of the Pandemic Lockdown can be seen in Healthcare, Education and Virtual Reality
Electronic health records, e-prescriptions and telemedicine are being transformed;
Telemedicine is being driven by patients looking for better, faster, and safer options for their care.
Electronic health records are driven by doctors, insurers, and the government.
Some StartUps:
- Solv, offers same-day appointments with a network of physicians, reported that the consumer telemedicine usage was up nearly 3x. Walk-in patient traffic had declined by 57%, and the number of patients who scheduled their appointments more than a day ahead of time had declined by 18%.
- Doxy.me offers healthcare practitioners a free video platform to virtually connect with their patients. Doctor on Demand takes telemedicine a step further, allowing patients to make a virtual appointment with their own practitioners on the platform.
Some Funding and Acquisitions:
- Quizlet, a global learning platform providing AI-powered study tools to help people practice and master whatever they are learning, has raised $30 million in Series C funding at $1 billion valuation. School shutdowns due to Pandemic have caused students to flock to the platform as they look for new ways to study, retain information, and collaborate.
- Apple acquired NextVR, a virtual reality company that specializes in broadcasting live events. NextVR had established partnerships with the NBA, Wimbledon, Fox Sports, WWE, and more. It holds more than 40 patents of interest to Apple.
Saturday, May 09, 2020
Cyber Threat in Digital Market
The pandemic a Human virus (Covid19) is changing how we work, study, digest news, and entertain ourselves.
Social app usage is exploding, daily downloads of Houseparty have risen 25x.
Collaboration apps are now household names, worldwide daily downloads of Zoom's mobile app have increased by 14x
The virus has forced the entire office online, making companies reliant more than ever on their digital systems.
To stay competitive in the marketplace we have to work remotely and sometimes at home.
Effective Tips:
1. Start your day early
2. Structure your day as you would in the office
3. Choose a dedicated workspace
Zoom, having skyrocketed in popularity, has experienced such a surge in videoconference hijacking “Zoom-bombing.”
The stakes of protecting our digital systems from a cyberattack could not be higher.
Once a cyberattack occurs, companies and employess are largely on their own. They have to scramble to counteract the attack and eliminate the threat.
Effective Tips:
1. Stay up to date on current scams.
Make sure all employees are aware of the most current scams and that your information security program has prepared a defense.
2. Password-protect your videoconferences.
To protect your videoconferences, do not post the link publicly. Make sure to require a meeting password, share the link and password only with authorized guests, and lock the meeting after it begins
3. Enable multi-factor authentication everywhere.
Enabling MFA will stop all but the most sophisticated threat actors and it should be used on all accounts that are used by the company
4. Determine an alternative method for senior leadership to communicate.
If the unthinkable does happen and an attack brings down your company systems, how will senior leadership communicate among themselves and with employees?
5. Review your incident response plan.
Every company should have an up-to-date, written plan in the event of an attack. It should be crystal
clear as to who is to do what and who you will call for outside assistance.
6. Check your cyber-insurance policy.
Do you have good cyber-insurance? These policies have become more comprehensive and cover more than they did a few years ago.
7. Educate your employees.
Train your employees on cyber security awareness and special care is needed as hackers try to take advantage of the crisis and a disrupted workplace
Contact us for your Cooperate Training
See You at the Top
Saturday, April 04, 2020
Pandemic Crises and Opportunities
It’s possible that coronavirus will change how we work. As companies encourage employees to move to remote working environments, entire countries are being placed on lockdown and markets are becoming more volatile.
The financial and real economy risks are interrelated in two ways: First, a prolonged Covid-19 crisis could drive up the number of real economy bankruptcies, which makes it even harder for the financial system to manage. Meanwhile, a financial crisis would starve the real economy of credit.
The future may seem bleak right now, but there are upsides.
The biggest challenge of the current episode of Covid19 is managing uncertainty - crisis against opportunity -
When events force rapid changes in behavior, people adopt innovations; a unique opening for creative entrepreneurs to break through.
Looking back on prior eras of recession, conflict and natural disasters, each period provides a fertile ground for new ventures:
In 1665, Cambridge University closed because of the plague. Issac Newton quarantined himself at his childhood home. It was the most productive time of his life. He discovered the calculus and the laws of motion.
Thomas Edison launched General Electric right as the nation was heading into the Panic of 1893, a period of 16 months where business activity dropped nearly 40% across the nation. Nevertheless, the company persisted and went on to be one of the original 12 companies listed on the Dow Jones Industrial Average in 1896, where it remained for over a century.
In 1937–1938, during the recession, William Hewlett and David Packard decided to formulate a plan for their new electronics company, Hewlett-Packard. Still feeling the sting of the recession, the duo incorporated their business on January 1, 1939, and would go on to build a global computer powerhouse.
Fred Smith founder of Fedex launched the business right on the tail end of the Recession of 1969–1970. Yet he was able to overcome the challenge and would go on to pioneer industry and grow a business that in 2019 delivered over 6 million packages a day.
Economist initially said ‘Is this going to be a V-shaped recovery or is it going to be a U with
a gradual recovery or is it going to be an L with stagnation or a W, a double dip.
what if it is not a V, U, L, W?
Output is down. Consumption is down. Capex is down. investment is down.
Exports are down. Imports are down.
What if it is an I. The concept of a straight line down?
We can only guess on the extent of great discoveries, ideas, and innovations that could arise from this ongoing crisis.
Some Opportunities.
While the rest of the economy is tanking from the crippling impact of coronavirus, business at the biggest technology companies are holding steady — even thriving.
1 Increase in demand for Cloud computing platforms
2 Increase in demand for Grocery delivery apps
3 Increasing usage of Remote and collaboration tools
4 Increase in Video streaming sites and social media platforms
5 Increase Video game usage and Live streaming
6 Increase intime and money spent on Phones.
Stay Creative and See You at the Top
Tuesday, March 10, 2020
Weaponizing Uncertainties
Both the US and China have demonstrated they are willing to weaponize global trade and supply chains.
Russia and Saudi are weaponizing oil supply
When economies politicize their most important trading relationships, innovation and supply chain systems become more regional and less global.
As the rifts widen, they’ll risk becoming permanent, casting a geopolitical chill over global business.
Global geopolitics will need to factor a broader rise of Asia; A world comprising of three major blocs.
While EU promotes a citizen-centric model, China a state-centred one. The US lacks a unifying message, with an inconsistent and unilateral foreign policy around the globe. America’s status as the home of opportunity and world’s moral guardian is weaker.
Significant players whose alignment is unclear, includes Russia, brexit Britain, the major African and Pacific economies.
Demanding a seat at the table, are the major technology platforms;
Multinationals have become influential political actors as governments shaped global trade, regulatory, and tax regimes in their favor. These firms have in turn exerted influence on policy.
A Recent Survey:
1- Believe that Google, Amazon, Apple, Microsoft, Netflix and YouTube have an overall positive
effect on society, unlike Facebook and Twitter who have the highest negative impact score.
2- 56 percent said the government should break up tech companies if they control too much of the
economy
Larger cities bring those super-linear benefits of greater innovation, but they also see non-linear increases in the incidence of public health problems.
Growing cities in Africa and Asia may witness the challenges of urbanisation and may prove a fertile environments for innovation at the edge.
Intellectual property laws should change as economies continue their rapid shift towards intangible rather than tangible assets. As work shifts away from the bundle of full-time employment and a welfare net, a new model is also required
We do not always have enough clarity of when technical breakthroughs will occur or how political forces will shape the global influence of technologies, health care or stock market; Hence unfortunately economies weaponize uncertainties.
Tuesday, February 04, 2020
AI and Business
Recent estimates put the productivity impact of information and communications technology (ICT) and early digital technologies such as broadband at 0.6 percent annually during the 2000s
AI is already relatively applicable to real business problems and can have significant
impact in areas including marketing and sales, supply chain management, and manufacturing
Research has found that the introduction of robots in manufacturing and the introduction of IT accounted for 0.4 percent and 0.6 percent in annual productivity increases, respectively.
The EU has called for $24 billion to be invested in AI research by 2020.
The net effect on GDP and labor markets show that AI could add around 16 percent to global output by 2030, or about $13 trillion, compared with today. This would be incremental value created in addition to current global output.
Virtually all workers will need to adapt to work alongside machines in new ways
In fact, developing economies could potentially leapfrog advanced ones if they were to strengthen core enablers. An absence of legacy, inefficiencies in various parts of the economy, and the role of smart capital in overcoming skills issues may present attractive opportunities for the commercialization of AI use.
Two key questions?
1- How can individuals develop the skills that will be needed to power the AI economy and embrace a culture of lifelong learning
2- How can businesses embrace AI and automation safely, addressing issues including data security,
privacy, malicious use, and potential issues of bias?
See You at the Top
Friday, January 31, 2020
AI and CyberCrime
meaning attackers have more surfaces to explore and exploit.