HOW IS YOUR DIGITAL DUST COLLECTED?

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So How Is Your Data  Collected? In the previous article we shed light on a new trend in IT, the internet of behaviors. In this article we’ll focus on how your data is collected,  Consumer data may be gathered from a range of sources and technologies. For example Cloud computing providers gather and store data in their clouds; Google Cloud, Facebook Cloud, IBM Cloud, Microsoft Cloud, Apple Cloud, Amazon Cloud etc. They collect and share user data among them. It includes a company’s websites (through cookies), social media profiles, sensors, telematics, beacons,…

WHAT ARE THE APPLICATIONS OF IoB IN THE HEALTH SECTOR?

APPLICATION OF IoB IN THE HEALTH SECTOR     1. IoB in the Health Insurance Industry      In the insurance industry, IoB may be quite beneficial. Driver tracking tools are already used by insurance companies like Britam and others to track and secure a driver’s conduct. With the help of IoB, they may evaluate the behavior and perhaps determine if a certain occurrence was an accident or a misjudged assumption on the part of the insured. This can help prevent driving under the influence of drugs, and even underage  persons from…

THE INTERNET OF BEHAVIORS

WHAT IS IoB ?      The acronym IoB in Information Technology trends stands for the Internet of Behaviors. The term was actually first coined by Prof. Gote Nyman in 2012; a Psychology Professor at the University of Helsinki in Finland. He developed the concept that behavior can be data mined. He described it as the possibility of obtaining detailed data on customers use and behavior as interact with the internet. IoB is an extension of IoT.  IoB can’t be talked about without the mention of IoT. As elaborated previously the Internet of Things (IoT)…

ONLINE SHOPPING SAFETY TIPS

The Internet has had an enormous impact on the way people shop, do their banking, make investments, plan travel, and even how they pay their taxes. In the vast majority of cases, the experiences have been positive. Online shopping allows you to find items — which are sometimes hard or impossible to find in local stores — and typically get the lowest possible price by comparing prices with a variety of merchants. Yes, there are risks associated with shopping online, but they can be managed. Besides, there are also risks associated with driving to a store to make purchases.

Online banking and investing is another great convenience. With a click of a mouse or a touch of a smartphone, you can transfer money between accounts, pay bills, and make investments.

WEEKLY MARKET OUTLOOK (4th – 8th Oct) IN SUMMARY

WEEKLY MARKET OUTLOOK (4th – 8th Oct) IN SUMMARY In this article we will discuss how the market performed and what caused the volatility and how it shapes the trend. FX MARKET Currencies The US dollar began the week on a low note on Monday as it continued to tumble throughout the day. This move was a correctional pull back following the high gains on the dollar in the previous month on which it clocked an all time high of 94.492 for the first time in 2021. As a result the EUR/USD…

CBDCs AND WHY BANKS WILL HAVE TO CATCH UP

CBDCs AND WHY BANKS WILL HAVE TO CATCH UP Earlier this week on Saturday October 2nd the Federal High Court of Nigeria led by Justice Taiwo Aboyami Taiwo okayed the rollout a Central Bank Digital Currency (CBDC) as a legal tender. The digital currency was named eNaira issued by the central bank and supported by the eNaira wallet. Consequently Nigeria’s CBDC website also went live. On this website, the Central Bank of Nigeria (CBN) described the eNaira as “both a medium of exchange exchange and a store of value, offering…

PROS CONS AND WAYS OF INVESTING IN BITCOIN

PROS CONS AND WAYS OF INVESTING IN BITCOIN It’s hard to predict whether this cryptocurrency will become the global reserve currency or a store of value as widely accepted as gold. The thrill of riches or ruin leaves some investors wary, but others want to chase the chance for substantial profits from investing in bitcoin. Like other cryptocurrencies, bitcoin can also be exchanged with the national currency of Kenya and other African currencies. Since its inception, Bitcoin was the 1st digital asset to beget the current ecosystem of cryptocurrency. As…

MOVERS AND SHAKERS OF THE US MARKET, A CONTINUATION

MOVERS AND SHAKERS OF THE US MARKET, A CONTINUATION. In the previous article we began exploring macroeconomic statistics that drives the US economy and the dollar in general. Now this article will expound in broad and simple terms the remaining key economic factors that drives the US dollar. Recall the prerequisite interpretations on the US data. For markets involving conversion to the USD (e.g AUD/USD , GBP/USD , EUR/USD , XAU/USD etc) if the dollar is strengthening (‘bullish’) these markets will crash/fall. On the contrary, if the USD is weakening…

KEY FLAWS THAT THE BLOCKCHAIN CAN FIX IN YOUR COUNTRY

KEY FLAWS THAT THE BLOCKCHAIN CAN FIX IN YOUR COUNTRY Do you know right now as you’re reading this an anonymous developer somewhere around the globe is developing and testing a blockchain solution/innovation that can disrupt the traditional systems of doing business that corrupt individuals have thrived on? Since its inception, the blockchain technology has proved to be a game changer and even a threat to governments,banks and middlemen business entities. However, that same power of the blockchain can be tapped to enhance and streamline key flaws in your country.…

UNDERSTANDING CRYPTOCURRENCY AND BITCOIN.

UNDERSTANDING CRYPTOCURRENCY AND BITCOIN. Digital currency is any currency, money, or money-like asset that is primarily managed, stored, or exchanged on digital computer systems, especially over the internet. Types of digital currencies include cryptocurrency. Digital currency may be recorded on a distributed database on the internet, a centralized electronic computer database owned by a company or bank, within digital files, or even on a stored-value card. The following are the 10 largest trading cryptocurrencies by market capitalization. Bitcoin Ethereum Cardano Tether Binance coin XRP Solana USD coin Polkadot Dogecoin  …