Emerging Technology Trends - Frequently Asked Questions: Blockchain, Cryptocurrencies, Artificial Intelligence, Augmented Reality, Smart Homes, and more.

“With artificial intelligence, we are summoning the demon.” - Elon Musk

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Sample Questions and Answers:
1) What are the different types of augmented reality?

Several categories of augmented reality exist. The main types are discussed below:

Marker Based AR
Marker Based Augmented Reality, also called Image Recognition, uses a visual marker, such as a QR code, and a camera to read the marker.

Markerless AR
The most commonly used type of augmented reality, markerless or location-based or GPS-based, use a GPS, digital compass, and accelerometer to provide data based on your location. A popular application of this type of augmented reality is Google maps, with features such as finding directions or nearby restaurants.

Projection Based AR
Projection-based Augmented Reality works by projecting artificial light onto real surfaces. The human touch of this artificial light can be sensed with this technology. An interesting application of this type of AR is a 3D hologram of an object.

Superimposition Based AR
Superimposition-based AR superimposes virtual objects onto the real-world view. One of the popular AR applications is IKEA online home planner that assists customers to visualize how the virtual furniture will appear when placed in their living room.

2) How is AI reshaping the banking industry?

Artificial Intelligence (AI) will play an important role in driving change for the banking and financial industry. Per a survey, most banks leverage AI to provide better IT solutions, accounting, and marketing services.

One of the leading banks, Barclays, is building an AI-powered customer service solution where customers talk to a device, like Apple’s personal assistant Siri, and get the information they need.

AI can also help banks decide which companies or loans to fund. Goldman Sachs recently invested in a startup called Kensho that uses AI to decipher customer’s social media posts and online blogs. Banks can leverage this data to spot potential financial issues of their customers.

In the coming years, AI will be crucial for the banking and financial industries to stay ahead of their competitors.