Robots Are Taking Over Human Jobs on Wall Street

STEPHEN HAWKING WARNS ARTIFICIAL INTELLIGENCE ‘MAY REPLACE HUMANS’

Quote by Stephan Hawkins:

“If people design computer viruses, someone will design AI that improves and replicates itself. This will be a new form of life that outperforms humans.”

The rise of Machines and AI is Fast Approaching

The rise of the machines was always going to come at a cost, as each wave of technology destroys what has been put in place. The frenetic pace of technological development in the areas of artificial intelligence and robotics is causing massive shifts in the finance industry.

The impact is already being felt on Wall Street, where there have been far-reaching and significant changes, with technology eliminating many jobs by replacing hundreds of humans with either robo-advisers or software.

Many investment banks and big institutions, in a bid to cut cost and improve efficiency, use AI to automate financial tasks usually undertaken by humans, such as wealth management, operations, risk management, and algorithmic trading.

One of the areas that the Wall Street has seen the greatest disruption of robotics and AI is the execution of buy and sell orders, where robots carry out between 50% to 60% market trades, according to CNN, citing data from Art Hogan. Hogan is the chief market strategist for B. Riley FBR.

The preference for technology over human traders is premised on the inability of the vast majority of traders to act consistently rationally when trading. Often, people fail to control themselves, allowing emotions to get in the way of their thoughts and actions.

Machines don’t suffer from these psychological issues when a major trading decision is being made. This is because they remove emotion from short-term trading activity, allowing for a more objective approach to trading.

Laying a Claim to the Future of Investing

Artificial intelligence and robotics is fast advancing into the investment sector, where its incredible ability to learn and think will eventually make them the most advanced and complex investment systems capable of helping corporations to make more efficient and effective choices.

For instance, advisory bots are increasingly being used by companies to assess investments, deals, and strategies in a fraction of a second, much faster than any human quantitative analysts using traditional statistical tools.

Such is the growing dominance of robots in the finance industry that former Barclays boss, Anthony Jenkins warned they could displace half of the workers in the banking sector, and lead to branch closures.

Activities such as calculations based on structured data and other repetitive support tasks are the most susceptible to automation because robots are well-suited for them.

There’s Still a Place for Humans in a Robotic Wall Street

While AI is probably the most robust technology there is today; its ability to perform complex tasks is limited. Trading machines can only learn historical data and trade patterns. However, stock market behavior changes all the time and computers can be less adept in the face of unexpected market performance.

Humans can easily adjust themselves to these changes. Getting the robots to do the same, however, will require changing their algorithms, which can be too expensive and time-consuming. For this reason, humans will always be a step ahead and remain relevant.

Checkout Unique Finance and get a bonus from me.

3 Wireless Networking Tech Trends of 2019

 

The New World of Wireless Technology

We live in an exciting time, where the rapid growth in the demands for wireless data is increasing at a staggering rate, creating a need for much faster and more robust internet connections. As a result, corporates are harnessing wireless technology innovations to build infrastructures that meet the requirements of modern life.

In this article, we look at some of the emerging wireless tech trends that will further open up our world to richer data and video experiences.

  1. Millimeter Wave (mmWave)

Wireless communication networks have evolved dramatically over time. From the first generation (1G) through the fourth generation (4G) advanced digital technologies, wireless networks expansion has brought with it significant improvements.

However, the increasing demand for bandwidth and advances in technology means that not even the most advanced modulation formats will ever be enough. This is especially true when you consider that wireless communications generations 1-4 have had to work with limited bandwidth over their lifetime.

For instance, the 4G connectivity, despite being equipped with Long Term Evolution (LTE), LTE advanced digital technologies, wired Ethernet, and fiber-optic cables is fast running out of bandwidth. As a result, the 5th Generation wireless technology (5G) is expected to add more bandwidth by leveraging the millimeter wave frequency range (24, 28, 38) to ensure near zero-latency phone calls and significantly high data speeds.

Given the enormous amount of bandwidth available at millimeter-wave frequencies, we expect the technology to make inroads into the mainstream in 2019 as we brace for the launch of the 5G.

  1. Edge computing to become prevalent technology

Today’s networks are becoming increasingly too complex for humans to understand or fix while maintaining or increasing ROI. This, coupled with the ever-growing volumes of data from machines, the rising cost of compute and sensors, among others, necessitate the use of edge computing to provide real-time local data analysis.

In edge computing, data is processed by a local computer, server or by the device itself, rather than being transmitted to a data center. This help ensures real-time data processing without latency and enables smart applications and devices to respond to data almost instantaneously, eliminating lag time, which is essential for technologies such as self-driving cars. Edge computing will also become critical in the next generation 5G connectivity

  1. The rise of one-stop wireless security as a service

With the advancement in technology, the presence of hackers and other cybersecurity threats are also on the rise. Concerned about the increase of digital threats they are experiencing; security leaders are continually seeking ways to enhance data security through a capable, automated wireless threat detection system.

One-stop wireless security as a service is seen as the complete solution needed to address this challenge due to its incredible ability to uncover vulnerabilities and prevent attacks. We expect this service to become more widely implemented by companies and government organizations in a bid to forestall all cyber attacks.

 

Checkout Unique Finance and get a bonus from me.

Top 5 Most Popular Online Games in 2019

 

 

Virtual Reality The Next Generation of On-Line Gaming and 5G

New technology has made it easier than ever for people from different parts of the world to be online. As rapid digital technology advancement continues to impact lives, society keeps finding new ways to create and develop more convenient ways to live.

This has led to significant advances in gaming technology which appear to enhance the attraction of online game among video game enthusiasts. Online video games becoming a significant aspect of gaming culture prompted us to itemize a collection of the best and most popular online games in 2019 to help you connect with gamers from different parts of the world in the right places.

  1. Fortnite Battle Royale

Fortnite Battle Royale is a free-to-play strategic action game developed and published by Epic Games. The game, which is available on PS4, Mac, Windows, Nintendo Switch, and Xbox One, is currently the most popular game in the gaming world with almost 5 million concurrent players. This game of survival pits 100 players against each other. Players can choose to play solo or group into duos or squads of four players where they can have another set of eyes watching their back.

  1. PlayerUnknown’s Battlegrounds (PUBG)

PUGB is a battle royale game built and published by PUGB Corporation. The game is based on a few Arma mods and H1Z1. In this multiplayer game, an individual player along with 99 other real-time players are all taken to a remote island that has been abandoned by its inhabitants. The goal of the game is for the player to eliminate the competition using any means necessary and be the last person standing. PUBG is currently one of the most played games in the world and is available on several platforms including Xbox One, PC, Android, and iOS.

  1. League of Legends (LoL)

It may be almost a decade old, but LoL remains evergreen because of its stunning mode scene and the excitement that it generates. League of Legends is a multiplayer action RPG game developed and published by Riot Games. The game allows an individual to control their own “Champion” and pits them against other champions. LoL boasts more than 7 million concurrent players as well as over a hundred million active ones.

  1. Splatoon 2

Splatoon 2, the sequel to Platoon, is a colorful team-based multiplayer shooter game that brings something unusual to the shooter genre. It was created and published by Nintendo and is available exclusively on the Nintendo Switch. Players are required to ink everything visible in an attempt to spread colors over the whole map area.

  1. Hearthstone

Hearthstone is a free-to-play online card game created and published by Blizzard Entertainment. The collectible card game requires players to obtain cards that depict characters, spells, and abilities, which they would then use to build decks of 30, and fight each other afterward.

While there are several other terrific online games you can choose from, the games mentioned above are some of the very best and offer an online gaming experience that allows you to enjoy all of the beauty and opportunities that gaming provides.

 

Checkout Unique Finance and get a bonus from me.

Copy Trading: Why It’s a Great Idea for Beginners

 

Copy Trading And What It Is All About

The financial markets are becoming more accessible with online trading platforms and top brokers offering their services, so it is not surprising to see new investors taking advantage of this opportunity to explore the available instruments. There are more forex and stock traders today than ever before, and this is a good sign of a growing investment landscape.

Entering the now open financial markets, however, is not as easy as it seems. You still have to know your way around the traded instruments and the market as a whole. More importantly, you need to enter the market with a clear plan in mind. There are a lot of things to understand about the financial markets before you can make successful trades.

Many new traders turn to copy trading – and the broader social trading networks in general – for help. You too can learn about the financial markets while copying the trades of other, more experienced investors. But is copy trading a good idea?

Learn from the Best

Copy trading allows you to copy the trades of top investors on the market, but it doesn’t stop there. You still maintain complete control over the trades you make, including when it comes to deciding which investors you want to copy and how each trade is adjusted to your portfolio.

This level of control makes copy trading perfect for helping you learn about the financial markets you are entering. Rather than reading articles and relying on other resources, you can learn directly from top investors while benefiting from their trades at the same time.

Copy trading also lets you be a part of the market in real-time. You can apply the same technical indicators as the ones used by top investors, follow fundamentals from the same sources, and learn about the trades being made based on analysis and the usual decision-making process.

Allows You to Invest with Limited Knowledge

One of the biggest advantages of copy trading for beginners is that it allows new traders to start investing even if they have limited knowledge of trading and how the markets work. If you’re new to trading, it may be difficult to understand the challenges and pitfalls you should avoid and understand market behaviour.

People who first start trading currency pairs might be overly cautious at first, in order to not make mistakes. This makes the whole learning process much lengthier and will slow down your progression. But with copy trading, you’ll basically have a seasoned trader walking you through trades and showing you exactly which moves you should make. This will allow you to start making profits much faster than you would otherwise.

Saves Time

People are often unaware of how much time it takes to devise a trading strategy, and how time-consuming market analysis can be. Fundamental and technical analysis will most likely dominate your time if you’re doing everything on your own, especially if you’re not familiar with in-depth analysis in the first place. But with copy trading, all the hard work will already be done for you, and you can significantly reduce, or even completely bypass analysis altogether.

More Options to Choose From

Today’s copy trading services also allow you to tap into the same vast array of instruments that you can trade on the open market. Regardless of the CFDs and foreign currency pairs you are interested in, you can always find investors whose trades you want to follow.

This also gives you more flexibility in terms of shaping your portfolio. While you learn about the markets, your portfolio will continue to grow, and you stand a chance of banking profits along the way. There is no better way to learn than while profiting from real trades!

On top of that, you also have different platforms to use. ZuluTrade, for example, focuses more on their copy-trading features and signals. EToro, on the other hand, offers features related to both copy trading and the broader scope of social trading. The options are indeed endless.

Easier to Get Started

Copy trading doesn’t just make entering the financial markets easier. Getting started with your own copy trading account is also very easy to do, especially now that you have sites such as InvestinGoal helping you every step of the way. Via InvestinGoal, you can find reviews of popular copy trading services and platforms. These reviews help you choose the platform that suits your specific needs best. There are tips and tricks for beginners and even more resources to use as you learn about the market.

You even have news and social trading blogs to utilize as you venture further into the financial markets. With so many resources available, becoming a successful online trader – and starting that journey using copy trading as your weapon of choice – is easy.

Better Diversification

The added control you now have when copy trading helps you eliminate some of the issues associated with copy trading in the first place. Rather than taking the passenger seat and hoping for the best, you now have the ability to go deep into the trading strategy and find tactics that work for you.

In terms of diversifying your investment portfolio, for example, you are no longer limited to following one investor at a time. This means you can enter multiple markets, learn about them simultaneously, and copy the trades of top investors in each market.

The same can be said for risk management. In the old days, copy trading was often associated with a lack of risk management. This is due to many new investors taking copy trading as a way to make money quickly, which it isn’t. The more you are involved in managing your portfolio’s risks, the more profitable you will be in the long run.

Is it a Good Idea?

Is Copy Trading a good idea. We would have to say yes, read our opinion
Copy trading is a fantastic way to enter the market when you have little to no experience. That said, it is something that needs to be approached with learning in mind. Copy trading is how you learn from the best investors and be a great investor yourself, all while making money in the process.

Checkout Unique Finance and get a bonus from me.

A Review of the iPhone 8

Power, Grace and Beauty in the Palm of Your Hand

Powerful. Graceful. Easy to use. The iPhone 8 brings useful features you would expect from an Apple product. It delivers a meaningful, new consumer experience thanks to a faster processor, wireless charging, and an excellent dual-lens camera that offers a great way to capture images. But that’s not all; many other elements combine to make this superb device the quintessence of all some consumers so profoundly adore today. This review takes an in-depth look at these features as well as the pros and cons of the smartphone.

Build and Design

In terms of build and design, the iPhone 8 sports an old design in that it resembles the iPhone 7, 6s, and 6, albeit it is sturdier. The Cupertino-based tech giant re-engineered the chassis, adding a glass rear to the alloy casing in a bid to make the device more robust. The glass back, which is further reinforced by a steel substructure, is touted by Apple as “the most durable [glass] in a smartphone.”

Sporting a glass rear makes the iPhone 8 more fragile than metal-backed phones. That notwithstanding, the innovation gives it a much more premium appearance than previous-generation iPhones. The gentle curve at the edges blends well with the glass and aluminum to make the device more comfortable and easy to hold.

At 138.4 x 67.3 x 7.3, the newer model is also slightly thicker than its predecessor. It may not feature a particularly head-turning design, but the iPhone 8 boasts a cleaner look when compared to Apple’s older phones. This is mainly because much of the text at the back has been removed to make the device clean and more appealing.

There’s still no sign of a headphone jack. But the phone more than makes up for this with some general sound improvements. The stereo speakers have been redesigned for enhanced audio output (volume has been upped by 25 percent compared to the iPhone 7) and deeper bass. There’s also a forward-facing speaker equipped to provide clearer audio.

Regarding display, the iPhone 8 features 4.7-inch Retina HD (750 x 1334) resolution IPS display with 16:9 aspect ratio, the same display as the outgone iPhone 7.

Features and Specifications

  • Display: 4.7” Retina HD, 750 x 1334 (326 PPI density)
  • Operating System: iOS 11
  • Processor: Apple A11 Bionic chip
  • Selfie Camera: 7 MP, f/2.2 lens, 1080@30fps video recording
  • Rear Camera: f/1.8, 28mm, OIS, PDAF, 2160@24/30/60fps, 1080@30/60/120/240fps video recordings
  • Ram: 2 GB
  • Rom: 64/256 GB
  • Battery: 1,821 mAh

Processor

The iPhone 8 comes with Apple’s own A11 Bionic chip, which has been hailed as the most powerful chipset in the world. The six core chip delivers two low-performance and four high-performance cores. Both core divisions offer significant speed improvements on the A10 chip. The regular cores are up to 25 percent faster, while the high-performance ones are about 75 faster.

Camera

Moving beyond the processor, the iPhone 8 delivers a superb camera that will definitely elevate your mobile photography game. The f/1.8 aperture of the 12-megapixel camera lets in plenty of light, ensuring better shots in low light conditions and sharper images overall.

The camera also boasts an excellent color reproduction capacity, while the auto HDR feature works to create perfectly lit photos with more color and details. The selfie camera features a single 7 MP f/2.2 aperture, which doesn’t produce as many details in pictures as the rear, sadly.

Battery Life and Wireless Charging

The iPhone 8 is powered by a 1,821 mAh non-removable battery, which lasts all day on average use. The device is also the first Apple phone to offer wireless charging capability.

As the iPhone 8 does not ship with wireless chargers, users rely on Qi-Certified wireless chargers to juice up the device. At the time of its launch, the wireless charging was limited to 5W. However, it has since gone up to 7.5W following the release of iOS 11.2. The upgrade is still not fast enough when compared with Samsung phones which offer up to 15W.

Pros:

  • Wireless charging
  • Fast mobile chip
  • Dual-lens camera
  • Supports fast charging with 28W chargers
  • Good battery life
  • Features a home button
  • 4K Ultra HD video at rapid 60 frames per second

Cons:

  • Large body
  • Dated 16:9 aspect ratio
  • No headphone jack
  • Old-fashioned look

Last Word

If you are coming from the iPhone 7 or 6s Plus, getting an iPhone 8 may not feel like a major upgrade if you consider the design. However, if you would rather a device with a better camera and wireless charging, then the iPhone 8 is worth considering.

[fts_twitter twitter_name=@wallstreetcom tweets_count=3 cover_photo=no stats_bar=no show_retweets=yes show_replies=yes]

Checkout Unique Finance and get a bonus from me.

What is the Antikythera Mechanism

Learn About the Incredible Antikythera Mechanism

As far as science and technology go, the Antikythera Mechanism is one of the biggest and most intriguing stories ever told. But what exactly is the Antikythera Mechanism and what makes it such a significant discovery?

What is the Antikythera Mechanism?

The Antikythera Mechanism is a device used to monitor and forecast solar cycles. The mechanism, which is often described as the world’s “first analogical computer,” is believed to have been used by early astronomers to mark the calendar as well as predict solar and lunar eclipse by tracking the movements of the sun, moon, and planets.

The Antikythera Mechanism was also used to plan a four-year athletics tournament cycle like the Olympic Games. Technically, you would be right to call it a calculator, as it was used to add, multiply, divide, and subtract. In addition, the relic could align different cycles and show the position of the sun and moon in the zodiac.

The device, a complex system, comprises over 30 sophisticated bronze gears held in a wooden and bronze case that’s about the same size as a shoebox. These gears were used to control dials tracking the moon, sun, planets, eclipses, as well as the schedule for the Olympics.

When Was the Antikythera Mechanism Discovered?

In 1900, a boatload of Greek sponge divers was blown off course by a storm, forcing them to take shelter by the small Mediterranean island of Antikythera, per LiveScience. The following day, they went diving off the tiny island and found the wreck of an ancient trading ship believed to be 2,000-years-old.

The divers later retrieved three flat pieces of corroded bronze from the submerged ship, which many believe sank between 70 BC and 60 BC on its way to Rome from Asia. Researchers say the device was first made sometime between the second and early first century.

Two years after the discovery, Greek politician, Spirydon Stais, who spearheaded the ship’s underwater excavation, visited the museum where the treasures from the wrecked cargo ship were kept. While sifting through the items, Stais was attracted by some fascinating pieces of bronze, which would later be known as the Antikythera Mechanism.

The Antikythera Mechanism’s True Purpose Finally Discovered

In the decades past, scientists have made several attempts to find the actual purpose of the Antikythera Mechanism using X-rays and CT scans to look inside the device. Despite several efforts, it wasn’t until 1951 that Derek J. de Solla Price found the real purpose of the “computer.”

Assisted by Greek nuclear physicist Charalampos Karakalos, Price took a complete X-ray and gamma-ray images of the device’s 82 fragments. His research showed that the mechanism’s primary gear represented the calendar year, while the smaller, unconnected gears were designed to serve as the celestial bodies, cites an Independent article.

 

Checkout Unique Finance and get a bonus from me.

What is Net Neutrality – Wall Street

Gathering And Sharing Information On The Internet Globally

The internet has fast evolved to represent a new extension of our connected world. Today, we are ever more closely connected internationally. Such interconnectedness now enables individuals to bring a unique beauty that makes the world more interesting through the gathering and sharing of information.

Much more than just a communication system, the internet makes it possible to download or watch movies, shop, listen to podcasts, transact, learn, etc. Our modern world is indeed inextricably connected. Net neutrality aims to make sure that it remains that way, by ensuring that the internet continues to provide a level playing field for consumers and content providers.

What Exactly is Net Neutrality?

Net neutrality is a principle which advocates that Internet Service Providers (ISPs) treat all data delivered to consumers equally. The idea aims to ensure that customers are given access to all legal content and applications on equal basis, without giving an unfair advantage to some sources or blocking others.

The principle stops broadband providers from deliberately blocking content or deciding to boost or slow down traffic for specific apps and sites. Net neutrality also prevents ISPs from prioritizing their own content – or those of a partner – or otherwise hamper others’ ability to reach customers.

The net neutrality rule was approved in 2015 during Barack Obama’s presidency. The law states that “The FCC’s Open Internet rules protect and maintain open, uninhibited access to legal online content without broadband internet access providers being allowed to block, impair, or establish fast/slow lanes to lawful content.”

This definition suggests net neutrality was conceived to ensure the freedom of internet users to share information, start new businesses, and engage in discussions online. With net neutrality, all internet content – video streaming, audio streaming, etc. – will be treated equally by broadband providers. Also, startups and business will have unrestricted access to broadband networks.

The Rollback

But it wasn’t to be. In a move which left internet users scratching their heads and asking why, the Ajit Pai-led Federal Communications Commission (FCC) voted to reverse net neutrality rules in December 2017. The decision, it was claimed, was to “deregulate the industry,” according to a CIO article.

Abolishing the rule gives internet free rein to offer service at their own discretion. However, ISPs are required to reveal their policies concerning performance, commercial terms, as well as network management practices. This means that while they have the freedom to throttle connections, block websites, or charge different prices to different sites, they will have to own up to doing so.

Customers Concerns

As you might have surmised, the FCC’s repeal of net neutrality was condemned in various quarters, with consumers clamoring to have it restored. According to a New York Times piece, customers resist the abolishment of the rule for several reasons. First, they fear that with the repeal, ISPs would start “selling the internet in bundles,” and they would be required to pay to access social media sites like Facebook and Twitter.

Second, with internet providers having the leeway to do as they want, more influential organizations and households would monopolize the “fast lane” through paid privatization, which allows service providers to create a fast lane for firms and individuals willing to pay more, leaving everyone else to make do with the “slow lane.”

Paid privatization, in particular, would have severe consequences for small businesses and individuals. For e-commerce startups, the worry is that their sites and services wouldn’t be as swift. On their part, freelancers and other remote workers risk higher internet costs.

Checkout Unique Finance and get a bonus from me.

Artificial Intelligence and the Future of Banking and Finance

A I Artificial Intelligence On Guard Against Fraud

Artificial intelligence (AI) is expected to be the next big thing in the banking and financial services sector; it has been touted as next great breakthrough that will change the way we bank and conduct financial transactions.

Why not, the vast amount of data, high volume transactions, and the quantitative nature of the banking and finance industry makes it one of the sectors where artificial intelligence will be better applied. It is believed that financial institutions can leverage the power of AI to transform current processes and improve services delivery as well as the use of financial products.

A Powerful New Weapon Against Financial Fraud

In today’s low-trust environment, artificial intelligence offers a new way to tackle financial fraud, build trust, and create a secure financial atmosphere. New forms of AI are being introduced to catch fraudsters with exceptional speed and efficiency.

Thanks to such new technologies, artificial intelligence could identify irregularities or patterns in transactions which might point to fraud, money-laundering, or terrorist activity. Tools like machine learning and data analytics could be used to scrutinize the vast amounts of data AI holds on clients and transactions, and compare this information against publicly held data to flag suspicious activity for security teams.

Asides these anomaly detection apps, future security measures will require biometric data such as facial recognition, voice recognition, etc., to provide more protection to customers.

Role in Customer Service as well as Sales and recommendation of Financial Products

Other potential future applications of AI in banking and finance lie in the area of customer service and sales of financial products. An Accenture report states that artificial intelligence will become the primary channel through which financial institutions and their clients will interact in future. Indeed, this prediction is fast becoming a reality thanks to organizations like Kasisto, which are developing chatbots that enable bank customers to chat with their financial institution using text-based natural language.

The Kasisto app facilitates finance-specific interactions by allowing customers to ask finance related questions via chat. Similarly, McLean-based Capital One Finance has developed a chatbot called Eno to enable its clients to complete a broad array of tasks on their smartphone. Customers can use the app to transact, check their account balances, as well as request card information such as bill dates and limits.

Beyond its role in enhancing customer experiences, AI is also expected to play a significant part in the sales and recommendation of financial products. For instance, a robo-advisor might recommend portfolio changes. It is also believed that robo-advisors could potentially employ some level of machine learning to recommend a specific car or home insurance plan.

As AI continues its journey into the mainstream, it is predicted that the technology will play a more prominent role in reinventing the banking and financial services landscape by making it much easier for banks to analyze risks and assess the behavior of a prospect to discover any possible fraud, among other things.

Overall, the future of AI promises a new era of disruption in the banking and finance industry.

Checkout Unique Finance and get a bonus from me.

The Surge of eSports – Wall Street

Multiplayer Video Game Competition

The surge of interest in these organized, multiplayer video game competitions continues rapidly, to no one’s great surprise. eSports, short for electronic sports, is one of the growing industries in the world, with prizes totaling around $25 million up for grabs in some tournaments.

The multiplayer games are expected to show continued growth in future. Per a Statistica chart, eSports will become a billion-dollar industry by 2020, which will see their worth rise to around $1.65 billion. The rapidly growing number of digital native eSport fans who are continuously connected to the internet, the advent of technology which made it much easier for people to get involved with computer gaming, interest from media and tech giants, etc. are some of the factors that are expected to drive the eSports sector into the billion-dollar club.

If you are looking to get a better idea of what eSports are, this piece not only helps you understand what they are but also takes a look back at the games’ early days to enable you to learn how they became a professional video gaming industry watched by millions today.

What Are eSports ?

eSports are professional multiplayer video game competitions. Any video game with a strong competitive element is considered eSports. The competition models itself after traditional professional sports in several ways: it uses corresponding tournament formats, involves player contracts, and is governed by regulations. The athletes who compete in eSports competitions are gamers.

eSports are played between teams in arenas fitted with big screens so that followers can watch games comfortably. The most common game genres connected to this industry include First Person Shooter (FPS)Real Time Strategy (RTS), and Multiplayer Online Battle Arena (MOBA) games.

Some of the most popular eSports games include League of Legends (LoL), Hearthstone, Defense of the Ancients 2 (DOTA 2), Overwatch, Call of Duty, Counter-Strike: Global Offensive, and Starcraft. Fans can also stream eSports online via streaming services such as Twitch, Mixer, and YouTube Gaming.

How Did eSports Become So Popular ?

The history of eSports dates back to 1972 when some Stanford University students competed in the Intergalactic Space War Olympics for the opportunity to win a 1-year subscription to the Rolling Stone Magazine.

eSports pretty much continued on the rather quiet path until the ‘80s when competitions like the Space Invaders Championship shot them to the spotlight. 2002 marked the beginning of a new era for the sport and laid the foundation for what eSports would become thanks to the release of the Xbox live, which brought online play to consoles. Halo 2 became the first game to be shown on national television for Major League Gaming in 2004, paving the way for eSports to become a global phenomenon.

Today, eSports are growing at a rapid pace thanks to advances in technology and the arrival of streaming services like Twitch which have exposed video game competitions to a new audience due to their extensive reach.

To understand how much impact Twitch has made, data from gaming analyst group Newzoo show that eSports global audience increased 43 percent from 204 million to 292 million between 2014 and 2016. Interestingly, this coincides with Amazon’s acquisition of Twitch in 2014 and its effort to make the competition a spectator sport. In a related development, data from research firm SuperData say eSports drew 258 million unique viewers in 2017 alone.

Several investors continue to show interest and are actually investing in the sport. This fact, coupled with the continual efforts of developers to improve gaming experience, prove that eSports are here to stay and are headed to the very top. What is in store for you in the future!

Checkout Unique Finance and get a bonus from me.

Amazon Applies for Patent Protection for Its Real-Time Accent Translator

 

Amazon Audio System

Seattle-based American e-commerce and cloud computing company, Amazon has filed for a patent for its new audio system which detects and translates accents in real time, according to a Techcrunch report. The application tries to make accents easier to understand by adjusting a speaker’s voice to be similar to a listener’s accent.

If the innovation gets approved and is released in product form, it will make Amazon only one of several tech giants to introduce such functionality. The likes of Microsoft and Google have added such features to Skype and Google Translate respectively. Google’s Pixel Buds earphones also support the feature.

The Techcrunch report states that Amazon’s new program will be based on machine learning or aspects of machines. The machine learning methods involve individuals with a specific accent training different machines on speech for many hours. It is also believed that Amazon’s virtual assistant, the Amazon Alexa, with its global presence, will make the translation process faster and easier, thanks to a torrent of audio samples collected from smart devices like the Amazon Echo.

Amazon uses phone numbers, location data, as well as previous correspondence to identify the right accent to use. The application requires only a few words alongside previous accent data to detect how a user is likely to be speaking correctly. The speaker can also pick their accent manually.

An App Potentially Adaptable to Many Uses

If it ends up in a product form, Amazon’s real-time accent translator will have many applications. Users who travel far and wide and those who conduct international businesses could genuinely appreciate its ability to eliminate the accent barrier on the international scene.

Also, those who contact call center agents frequently will know how difficult it can be to understand some accents even if you speak the same language. The app will smoothen conversation, making it easier for a listener to understand what a call center agent is saying and vice versa.

A Dominant Player

The real-time accent translator patent signals Amazon’s intent to continue to expand its position in a market it already dominates. New data from the Consumer Intelligence Research Partners (CIRP) show that Amazon has captured a greater share (70%) of the US smart speaker market, which in itself is experiencing strong growth.

Google comes a distant second with 24 percent market share thanks to its Google Home device. Apple’s Homepod ranks third with just 6% of the smart speaker market. There’s no denying that Amazon’s two-year head start gave it a helping hand. With competitors still playing catch up, however, the real-time accent translator may help the e-commerce giant to establish itself in the market further if released.

Checkout Unique Finance and get a bonus from me.