Smart wallet shuns NFC in favor of in-house magnetic flux tech

From smart cards to smartphone-based payment services, we've seen plenty of high-tech digital wallets vying for the attention of tech-savvy consumers. The Spendwallet is the latest of the bunch, an all-in-one device that opts for an in-house magnetic field technology instead of NFC.

Wells Fargo unveils Android wallet for NFC payments and ATM transactions

Wells Fargo has built a new mobile wallet that enables customers to carry out NFC-based in-store payments as well as ATM transactions with their Android handsets. 

How big data is changing the face of healthcare

We are living in a world dominated by data and its usage. Compilation, assessment, analysis and the systematic usage of available data to improve services forms the bedrock of many industries today. Data mining and data analysis, as it is called, hugely support the functioning of a large number of industries. Prominent among them are online sellers and retail outlets which examine and analyse every footfall and use the information to improve their performance and service delivery.

With the onset of big data analytics, things have not quite been the same in the field of medicine too. Much like in many other industries, this tool today is being used to revolutionise healthcare, improve delivery, systematise research and achieve better diagnosis.

Can IT keep up with big data?

Though IT and its functions and responsibilities have changed over the years, there's one area that remains consistent: IT primarily focuses on major enterprise applications and on large machines—whether they are mainframes or super servers.

When IT deals with big data, the primary arena for it is, once again, large servers that are parallel processing in a Hadoop environment. Thankfully for the company at large, IT also focuses on reliability, security, governance, failover, and performance of data and apps—because if it didn't, there would be nobody else internally to do the job that is required. Within this environment, IT's job is most heavily focused on the structured transactions that come in daily from order, manufacturing, purchasing, service, and administrative systems that keep the enterprise running. In this environment, analytics, unstructured data and smaller servers in end user departments are still secondary.

Is Hadoop losing its spark?

A 2015 survey by Gartner Inc. revealed that only 18 percent of respondents expressed their desire to either try out or adopt Hadoop in the next few years. However, this report is not the only one which suggested that Hadoop’s star is fading.

Newer big data frameworks such as Spark have started to gain momentum and, according to the Apache Software foundation, companies are running Spark on clusters of thousands of nodes, which the biggest cluster encompassing nearly 8,000 nodes. Although many people rushed into writing Hadoop’s obituary, market research firm MarketAnalysis.com announced in its June 2015 report that the Hadoop market was projected to grow at an annual rate of 58 percent, surpassing $1 billion by the year 2020.

Rise of the robots is sparking an investment boom

In warehouses, hospitals and retail stores, and on city streets, industrial parks and the footpaths of college campuses, the first representatives of this new invading force are starting to become apparent.

“The robots are among us,” says Steve Jurvetson, a Silicon Valley investor and a director at Elon Musk’s Tesla and SpaceX companies, which have relied heavily on robotics. A multitude of machines will follow, he says: “A lot of people are going to come in contact with robots in the next two to five years.”

The arrival of the robots — and their potentially devastating effect on human employment — has been widely predicted. Now, the machines are starting to roll or walk out of the labs. In the process, they are about to tip off a financing boom as robotics — and artificial intelligence — becomes one of the hottest new markets in tech.

After growing at a compound rate of 17 per cent a year, the robot market will be worth $135bn by 2019, according to IDC, a tech research firm. A boom is taking place in Asia, with Japan and China, which is in the early stages of retooling its manufacturing sector, accounting for 69 per cent of all robot spending.

Although the amount of money flowing into a new robotics industry is still at a relatively early stage, all the lead indicators of the innovation economy are pointing up. Patent filings covering robotics technology — one sign of the expected impact — have soared. According to IFI Claims, a patent research company, annual filings have tripled over the past decade. China alone accounted for 35 per cent of robot-related patent filings last year — more than double nearest rival Japan.

Read More: http://www.ft.com/cms/s/2/5a352264-0e26-11e6-ad80-67655613c2d6.html#axzz48LVbg0C1

US watchdogs probe mobile security

The US authorities are to investigate the security of mobile devices, and in particular the way in which software updates are distributed.

The Federal Communications Commission and the Federal Trade Commission are looking to “better understand, and ultimately to improve” practices. To this end, letters have been sent to operators asking about procedures for reviewing and releasing updates, and to eight device makers about how patches are issued to address vulnerabilities.

“There have recently been a growing number of vulnerabilities associated with mobile operating systems that threaten the security and integrity of a user’s device, including ‘Stagefright’ in the Android operating system, which may affect almost one billion Android devices globally”, a statement said.

Infotainment upgrade takes center stage with 2017 Land Rover Discovery Sport

In the two years that have progressed since Land Rover launched the Discovery Sport line in the US (replacing the aging LR2), plenty of advancements have been made in terms of in-car technology. Thus, in updating its midsize utility vehicle for 2017, Land Rover's focused nearly entirely on technology.