Have you ever wondered if the payments, contacts, and data transfers that take place over the internet are secure? Is it possible to hack them? How is all this data protected? Well, cryptography answers it all.<figure class="kg-card kg-image-card kg-width-full kg-card-hascaption"><img src="https://lh4.googleusercontent.com/bcwDdiG2X25BL32_mLPYyPpJUIn49EUSW33EMyLE7hj8yWB76gD4Izlkh_6nkHjV3SWVCVStkYbs0xy0BKh2gHNMwPUZ8Wm37BfN8O6NnNqfP_RAelsQOIK_jq6zWaYdEGtWpno=s0" class="kg-image" alt loading="lazy"><figcaption><a href="https://cryptoadventure.com/introduction-to-quantum-cryptography-everything-you-need-to-know/">Introduction to Quantum Cryptography - Everything You Need to Know -</a></figcaption></figure>The system that has secured our web activity and interactions for years is on the verge of being wiped out. Businesses and organizations should be aware of this today and prepare for cryptography in the quantum era.Before we go further, let us understand Quantum Cryptography.<h3 id="what-is-quantum-cryptography">What is Quantum Cryptography?</h3>Cryptography is the technique of encrypting data or altering plain text so that only those with the correct "key" can access it. By application, quantum cryptography encrypts data and sends it in an extremely secure manner using quantum mechanics techniques. The basic principles of quantum mechanics behind quantum cryptography are:1. The particles that form the universe are unpredictable, and they can exist in multiple states simultaneously.2. Photons are generated in one of the two quantum states at random.3. It is impossible to measure a quantum feature without allowing it to change.4. It is possible to clone some properties of the quantum particle but not the entire particle.Cryptographic techniques that are expected to be safe against a quantum computer hack are known as post-quantum cryptography. It is based on difficult mathematical equations. Traditional computer systems take months, if not years, to solve these complicated mathematical calculations. Quantum computers executing Shor's algorithm, on the other hand, will be able to crack logic systems in a matter of seconds. Quantum cryptography, on the other hand, employs quantum mechanics to convey private messages and is fully secure, unlike mathematical encrypt. Quantum key distribution makes use of these quantum mechanical features to generate and distribute a shared key while ensuring that no third parties have intruded.<h3 id="how-does-quantum-encryption-work">How Does Quantum Encryption Work?</h3>Quantum cryptography or quantum key distribution (QKD) uses a series of photon or light particles to transmit data over a fibre optic from one location to another. It's a method of spreading and distributing the secret keys required by data encryption. In addition, the method must ensure that they remain secret between the sender and receiver. Information is often stored on single photons, and after both sides' keys have been safely generated, their interactions are secure. Quantum communication systems are expected to offer virtually unbreakable encryption.Let's understand the process of this encryption model:Step 1: The sender transmits photons through a polarizer or filter, which randomly allots them bit designations and polarization. The four possible polarizations and bit designations are Horizontal (Zero bit), Vertical (One bit), 45 degrees left (Zero bit), or 45 degrees right (One bit).Step 2: The receiver needs to use two beam splitters (horizontal/vertical and diagonal) to "read" the polarization of each photon.Step 3: After sending the photons, the receiver must inform the sender of the beam splitter used for each photon of the stream. The sender compares the sequence before sending the key. If the photons are read with the wrong beam splitter, they are discarded, and the resulting sequence of bits becomes the key. If the photon is read or copied in by any eavesdropper, the photon's state will change, which will be detected by the endpoints.<h3 id="example-of-how-quantum-encryption-works">Example of how quantum encryption works:</h3> Say you have two individuals, Mark and Jacob, who want to send each other a hidden message that no one else can read. Over a fibre optic line, Mark sends Jacob a sequence of polarised photons. Because photons have a unique quantum state, this optic cable does not need to be secured.If any unauthorized person, Eve, tries to listen in on the discussion, she will have to read each photon to figure out what is being said. She must then send that photon to Bob. Eve changes the quantum state of the photon by viewing it, creating faults into the quantum key. This informs Mark and Jacob that somebody is monitoring them and the key has been leaked. Mark can then send a new key to Jacob so he can read the secret message. The Era of Quantum Cryptographic Cyber Security To enable safe data transmissions, encryption technologies use mathematical equations that are nearly impossible to calculate. They secure the data using various algorithms.The standard techniques for encryptions are:Symmetric Encryption? In this type of encryption, only one key is used to both encrypt and decrypt the data. Using symmetric encryption algorithms, data is converted to a form that can be understood only by someone who possess the secret key to decrypt it. The algorithm reverses its action, and the message is returned to its original and understandable form once it reaches the intended recipient who possesses the key. The secret key that the sender and recipient both use could be a specific password/code or a random string of letters or numbers generated by a secure random number generator (RNG).Asymmetric Encryption- This encryption technique encrypts and decrypts the data using two separate cryptographic keys: a 'Public Key' and a 'Private Key.' The most exciting feature of this new strategy is that while a public key can be used to encrypt text, it cannot be used to decrypt it. The text will not be decrypted by any other user's private or public keys. The data flow is extremely safe using this technology.Hashing- It is the process of using a mathematical function to turn input of any length into a fixed-size text string. The method of storing and processing data using hash tables is known as hashing. Hashing is also used in data encryption. Passwords can be stored in the form of their hashes. In case there is a breach in a database, plaintext passwords will not be accessible.Shor's Algorithm in Quantum Computing Peter Shor, in 1994, created Shor's algorithm for integer factorization on quantum computers. The procedure identifies the prime factors of a positive integer P. Shor's algorithm runs in polynomial time, which is polynomial in log N order.The algorithm is important because it means that, with a sufficiently big quantum computer, public-key cryptography may be easily destroyed. The public key N in RSA, for example, is the product of two large prime numbers. Factoring N is one approach to defeat RSA encryption, however, factoring gets increasingly time-consuming as N goes larger; more particular, no classical algorithm exists that can factor in time O((log N)k) for any k.Shor's algorithm, on the other hand, can break RSA in polynomial time. It also gets into a variety of different public-key cryptosystems.Shor's technique is predictable like all quantum algorithms; it provides the correct answer with a high probability. But, finding a practical quantum crypto algorithms security solution may take some time. There are already two decent options, and studies have been continuing for quite some time. The first method is known as post-quantum cryptography, and it is based on different mathematical equations than those presently in use. The second method makes use of quantum physics to find new cryptographic answers Why Don't We Utilise Quantum Cryptography?If quantum cryptography is so safe, why don't we just use it?Quantum cryptography involves the use of specialised hardware. To make it work, you'll need photon detectors, beam splitters, and other components. As a result, we won't be able to fit it into a small device like your phone.Even though quantum encryption is secure, it doesn't mean it is shielded from all threats. Side-channel cyberattacks are a possibility. These occur as a result of a flaw in the cryptosystem's design rather than a flaw in the algorithm itself. Although no one has effectively received photons during the creation of the key in quantum key distribution protocols; side-channel threats do occur in quantum cryptography.Will Cyber Security be Ensured?Even though data transfer over the internet is now assumed to be secure, it is still prone to hacking through which malicious people steal and copy encrypted messages to decipher them. For data with a long-term risk, companies may wish to add an extra level of security.Quantum cryptography, however, not only generates the threat but also offers a remedy. When sharing the encryption key through a method known as quantum key distribution (QKD), quantum-based technologies can be used to identify the presence of hackers on a link. When combined with the one-time-pad cypher, the protocol provides unbeatable encryption security.It is mainly aimed at those who want to protect their secret links for extended periods and with the highest amount of safety, such as public organizations and military people. Conclusion The necessity for quantum cryptography is right in front of our eyes. The safety of encrypted data is now in danger, with the advancement of quantum computers. Thankfully, Quantum Cryptography provides the solution we need to protect our data for the near future - all based on the rules of quantum physics.Quantum Cryptography is the answer that will protect confidential matters as the need for encryption technology grows in networks that are connected.

Simmy mohanan

Does Quantum Cryptography Ensure Cyber Security?

Artificial intelligence (AI) systems work by consuming massive volumes of labelled data, analyze the information for patterns and structures, and then using these patterns to forecast future conditions.Face recognition software is controversial in general, generating a wide range of feelings, from privacy concerns to gratitude that such software might help identify criminals or missing ones. However, the Artificial Intelligence (AI)-based technology can be used for various reasons in research, such as detecting Parkinson's disease progressions. <h3 id="parkinsons-disease">Parkinson's Disease</h3>Parkinson's disease is a medical condition that impacts the nerve system. Symptoms appear slowly and may begin with a barely detectable tremor in only one hand. Tremors are normal, however, they are often accompanied by stiffness or slowed motion in case of Parkinson's disease.The symptoms of Parkinson's disease grow as the disease advances. Common symptoms include muffled or distorted voice; less or no movement of hands while you walk; less facial expressions. Although there is no cure for Parkinson's disease, medicines can help you to an extent. Sometimes, your doctor may recommend surgery to improve your symptoms by regulating certain areas of your brain.<h3 id="signs-of-parkinsons-disease">Signs of Parkinson's Disease:</h3><ul><li>Tremor: A tremor usually starts in one of your limbs, most commonly in your hand or fingers. It occurs when you rub your thumb and forefinger back and forth. When your hand is at rest, it may shake.</li><li>Slow movement: Parkinson's disease slows your mobility over time, making routine tasks harder and time-consuming. When you walk, your steps may become shorter. Stepping out of a chair can be challenging. When you try to walk, your feet may become numb.</li><li>Rigid muscles: Muscle stiffness can happen anytime and in any portion of your body. Stiff muscles can be uncomfortable and reduce your range of motion.</li><li>Posture: As a result of Parkinson's disease, your posture may become bent, and you may experience balance difficulties.</li><li>Loss of automatic motions: You may find that you have a reduced ability to undertake unconscious movements such as yawning, smiling, or waving your arms while walking.</li><li>Changes in speech: You may speak quietly, fast, or pause before speaking. Instead of the regular inflexions, your speech may be more boring.</li><li>Changes in writing: It may become more difficult to write, and your writing may appear smaller. </li></ul><h2 id="artificial-intelligence-and-facial-emotion-recognitionfer">Artificial Intelligence and Facial Emotion Recognition(FER) </h2>Facial Emotion Recognition is an important function in human social interactions. Studies on FER in Parkinson's disease had mixed findings, which could be due to many factors. For starters, past studies did not take into account memory loss, the severity of disease, or medicine status, particularly in the case of depression. Furthermore, the sensitivity of research methodologies varied depending on how complex the task was to develop. A recent study found evidence for a particular FER deficit in negative fundamental emotions. The main logic of this bias in emotional processing, however, is still unknown.Visual information and shifting attention to a mix of usual signs in a face conveying a specific emotion are required for FER. Although executive function and attention problems are common in Parkinson's disease, the influence of cognitive impairment on FER and the specific contributions of different cognitive domains are still unknown.<blockquote>A study that found the Facial Emotion Recognition of rage was connected with the capacity to differentiate perfectly from imperfect circles supports the possibility of visuospatial abnormalities in FER of PD patients. However, even when cognitive dysfunction is controlled for, FER impairment in PD may still exist.</blockquote>The goal of this study is to see how FER and the eye moves during visual scanning of facial emotions affect cognitive processes in people with Parkinson's disease. <h2 id="using-ai-to-track-facial-changes-in-parkinsons-disease">Using AI to track facial changes in Parkinson's disease </h2>Unfortunately, traditional procedures make tracking and quantifying facial changes in Parkinson's patients challenging.But what if Artificial Intelligence could have provided us with the tools we've always needed? A group of scientists from Okayama University in Japan examined whether modern facial identification and analysis could be useful in the case of PD. The team, led by Dr Koh Tadokoro of the Department of Neurology, included 193 people, half of whom were Parkinson's disease patients at various stages of the disease and the other half were healthy.The participants were sent to an examination room at the University's clinic, where the researchers shot a single snapshot of their face with no particular instructions.The team used commercially available AI software to recognise the people' features and evaluate some of their features, such as age, current mood, and facial skin condition after the photos were shot. They used data analysis to see if AI-based systems could detect significant variations in these characteristics between healthy people and those with Parkinson's disease. Surprisingly, the age gap calculated by the software minus the people's actual age was a component that varied between the two groups. The age gap between PD patients and healthy people was greater on average, meaning that the former seemed slightly older than their real age to the AI. Furthermore, PD patients' facial expressions were more likely to be labelled as "expressionless" as compared to healthy people, who were way more likely to have a "happy" expression. In terms of skin health, however, the researchers discovered no significant changes between the two groups. FER did not differ from healthy individuals in PD patients with intact cognitive function, although the scanned area of their faces was shortened. The visual scanning pattern has better predictive power in FER of mild than severe emotions. While the limited scanning area of PD patients may be sufficient for recognising the extremely clear emotions, it may be harmful when the emotional intensity is lower. In the future, it would be fascinating to look into the visual exploration of different emotion levels in PD patients. <h2 id="was-the-output-successful">Was the Output Successful?</h2>Overall, the study's method and discoveries may open the way for AI-based software to be used in future studies on Parkinson's disease symptoms. The team's strategy was straightforward and cost-effective.<blockquote>The researchers also discovered several flaws in facial analysis software, such as the fact that it performs a little worse for people with darker skin tones and is less accurate when calculating the age of Asians. Secondly, the study's sample size and the number of trials per emotion are both limited, reducing the study's validity. Before the software is used in clinical research, such issues can and should be resolved.</blockquote>The findings of particularly reduced anger recognition along with limited visual exploration of angered faces support the concept that PD may have a specific brain connection for impaired FER of negative emotions. <h3 id="conclusion">Conclusion</h3>Because FER is so important in social connections, the current study's findings have deep impacts: understanding the specific deficits of FER in Parkinson's disease may help to enhance connections with care team members and healthcare workers. Moreover, a greater understanding of the fundamental mechanisms of decreased FER in Parkinson's disease may help in the creation of neurocognitive training programs to substitute for FER impairments in PD.In short, Artificial Intelligence-based technologies may have significant possibilities for quick, data analysis of patients with Parkinson's disease.

AI Detect Facial Changes in Parkinson?s Disease

Blockchain is a game-changing concept. It has had a direct impact on a variety of industries. However, there are risks associated with blockchain. Technology, implementation, investment, legal, security, finance, and other areas directly associated with blockchain might all pose hazards. Types of Blockchain Risks <h3 id="general-blockchain-risks">General Blockchain Risks </h3><ol><li>Integrating Blockchain Protocols Is difficult. </li></ol>Blockchain is a relatively new technology. As a result, incorporating blockchain protocols into a project becomes more difficult. Various blockchain projects, according to Deloitte, are difficult to implement. For example, if they wish to transfer data across the Hyperledger Fabric Protocol and the Ethereum Protocol, they'll require an integration layer that manages both of these corporate systems. 2. Standardization is lacking. There is a lack of standardisation due to the broad diversity of frameworks. This is perhaps one of the most serious hazards facing existing blockchain projects. These guidelines apply to the whole blockchain ecosystem, including Initial Coin Offerings (ICOs), cryptocurrencies, and frameworks.The lack of standards has the greatest impact on ICOs. ICOs are a major gamble because investors have no effective protection against the investment. 3. Cryptocurrencies are undervalued. Because they use blockchain, cryptocurrency prices are also a major concern. The market's attitude toward blockchain is also influenced by a decent cryptocurrency price.Bitcoin, which uses blockchain technology, has the potential to experience extreme price swings that are beyond the imagination of most investors. This also means that prices may collapse, leaving many investors out of money.The prices are not steady, which is one of the hazards for traders betting on a project or cryptocurrency that uses a blockchain project. <h3 id="blockchain-development-risks">Blockchain Development Risks </h3><ol><li>Standards that aren't fully formed </li></ol>Every technology requires some level of uniformity. This makes it simple for businesses all over the world to embrace technology and make it available to everyone. Due to its rapid growth, blockchain currently lacks suitable standards.Furthermore, the rivalry is severe, making it even more difficult for these organisations to collaborate toward the common aim.Finally, this raises concerns about security, privacy, and interoperability. <h4 id="2-high-energy-demand">2. High Energy Demand </h4><blockquote>Right now, there are many consensus methods. Knowing all of them, it is simple to say that Proof-of-Work (PoW) is the most trending. Both Ethereum and Bitcoin utilize them. Ethereum being more in demand when it comes to blockchain usage. Each of the consensus methods has its advantages and disadvantages.</blockquote><blockquote>PoW is an ideal way to reach an agreement as it awards the miners for the work they are doing. However, the drawback is the high energy budget. In PoW, each node has to participate with each other by working out highly complex mathematical queries. To solve the query, the miners have to invest in high-performance machines that require electricity to run.</blockquote>With time, the blockchain developers understand its impact, and slowly, they are transforming to a more energy-friendly consensus method such as Proof-of-Stake (PoS). 3. Legislation on Data Privacy One of the most serious challenges with blockchain or distributed ledger technology is data privacy. DLTs are constructed, and they have the potential to have a significant impact on the current societal infrastructure. Different countries and regions have implemented data privacy standards, such as the European Union General Data Protection Regulation, and blockchain must follow suit.The preferred method is to avoid disclosing your identity to the network, however, this isn't always possible due to Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements. 4. Trusting Blockchain Developers and Managers Blockchain is a great idea that is completely trustworthy. However, because it is a new technology with numerous companies entering the market, the blockchain ecosystem is becoming extremely complicated. As a result, as a consumer or end-user, you may find it difficult to trust these new platforms.What counts is how these projects are implemented, and developers and managers will be in charge of these projects. This also implies they will be able to make important decisions, such as which cryptographic algorithm to use, whether to use a soft or hard fork and so on. These decisions could be skewed, putting the blockchain's core concept in jeopardy. 5. The User's Position The modular network's heart is the user. Because there is no authority, the user is responsible for all aspects of their account management. This means they must safeguard the private key, which is needed to gain access to the wallet or the data stored on the blockchain. If it is lost, the user loses access to his or her data as well. In addition, when it comes to blockchain, there is no option for restore or retrieval. This exposes blockchain technology to plenty of user-related threats. 6. Quickness of Transaction The time it takes for transactions to settle down is one of the characteristics of blockchain networks. This, however, may not be the case forever a transaction occurs. If we take Bitcoin as an example, a transaction can take anything from ten minutes to several hours to complete.Scalability is another major concern, and when there is traffic, the transaction rate can drop even further. So, why is this a danger? A user of a blockchain system could not be aware of the network's condition. If the transaction is important, he may feel helpless and experience negative effects. A private network is an answer, but they come with their own set of problems. 7. Malicious users Malicious users are a component of any system or solution. Blockchain is no exception. They can influence the blockchain network by controlling a certain aspect of it. The dangers are real, and it is up to the developers to ensure that internal threats cannot gain control of network resources or the consensus technique under any circumstances. 8. Legal Concerns Regarding Blockchain There are also some legal concerns when it comes to blockchain. The legal challenges surrounding blockchain technology are more serious. The regulations are enforced to safeguard users and to ensure that blockchain technology is utilised effectively. Governments are also interested in governing new technologies since they are centralised and dictatorial. However, most of the time, these rules are put in place to safeguard the user's, service provider's, and government's interests. 9. Personal Data Protection When it comes to distributed ledgers, data privacy is the most important worry. It is open and distributed, as we all know. This means that any information saved in a blockchain, including personal information, remains on the blockchain. When we say it's spread, we're referring to the fact that the data must be stored in multiple locations. It also implies that it might easily fall under a large number of different authorities, making data privacy a complicated topic.To begin, which data privacy law should the data adhere to? We can use the EU-US Privacy Shield, but it will only apply to transactions made between the EU and the US or vice versa. <h2 id="risks-associated-with-blockchain-security">Risks Associated with Blockchain Security </h2>Blockchain comes with its place of security concerns. The security risks are understood as more firms attempt to implement blockchain technology. <ol><li>Risks Associated with Humans </li></ol>Even though blockchain is entirely distributed, it still requires human interaction to function properly. In this instance, there are new blockchain security flaws to consider. Any company that wishes to communicate with the blockchain system, for example, must do so through a computer or automated methods.When a person interacts with a computer, there is a risk that passwords to access systems will be stolen or hacked. Because it only happens at ends, blockchain is insecure. This is a client risk, but because blockchain must interact with users, it must be classified as a blockchain security risk. 2. Risks Associated with Private and Public Key These keys are used in the blockchain. You simply cannot access the digital content contained within the blockchain if you do not have the correct combination of public and private keys. Hackers are aware of this, and they are also conscious that guessing those keys is a waste of time. As a result, they aim to get the keys by attacking the weakest point, which is the user's system. It could be a phone or a computer.In any event, the hacker can take advantage of the flaws revealed by these gadgets. They will simply try to install malware on your Android device to gain access to the information you give through it. They can make a copy of your private key and send it to their computers if you give them your private key. They can then access the information once they have the private key. The majority of the time, it is the fault of the user for failing to secure their systems. <h3 id="conclusion">Conclusion</h3>As a corporation, we must recognise that blockchain is not the answer to all of our problems. There are also certain dangers to consider.It may improve specific procedures, but it comes at a high price in the beginning.

Risks Associated with Private Blockchain

The e-commerce business is being transformed by Artificial Intelligence (AI). Customers are demanding faster, more seamless purchasing experiences as the epidemic boosts the popularity of online buying.As a result, Artificial Intelligence products have seen a significant increase in demand. Companies that wait and integrate AI into their human-based operations, rather than attempting to replace human personnel, can reap enormous benefits.However, AI is a broad term, and not every AI function will benefit every retailer. Let's look at the most recent AI technologies in e-commerce, what to expect in the coming years, and how entrepreneurs can make AI work for them. <h2 id="in-the-e-commerce-industry-what-is-artificial-intelligence">In the E-Commerce industry, What is Artificial Intelligence? </h2>Companies can forecast, detect, and operate with Artificial Intelligence. It has the potential to enhance the customer journey as well as the brand's credibility. It assists entrepreneurs, manufacturers, and retailers in setting a new industry standard. It also has a huge impact on how shops sell their products and services, as well as how consumers buy them. AI can help e-commerce businesses handle real-world problems. In the future years, here are several AI tools to keep an eye on. 1 ChatbotMany e-commerce clients have already utilised a Chatbot, which is a website bot that simulates customer support professionals. Many businesses have implemented chatbots in response to the desire for easy, 24/7 access to customer care.If a company receives the same inquiries over and over, Chatbot functionalities come in handy because the bot can direct clients to basic FAQ answers. 2 Advanced Visual SearchFor online searches, the AI-based visual search technique utilizes real-world photos such as photos, screenshots, and internet images. It initially decoded the picture's content before delivering an accurate result. It is beneficial to the eCommerce industry, particularly the apparel and home decor sectors.Many e-commerce companies, including Google, Amazon and Pinterest have begun to develop their own powerful search engines. Google Lens, which can recognise over 1 billion items, is probably familiar to you. ASOS, Walmart, Levi's, Snapchat, Ikea, and Lifestyle are just a few of the well-known shops using powerful AI-based visual search. 3 Personal RecommendationsYou've probably noticed that when you browse shoes on e-commerce sites like Amazon, you get a lot of suggestions on your homepage for shoes that are similar to the ones you were looking at. And the e-commerce store's personal touch makes you feel important and valuable as a shopper.The consumer experience is improved by AI's customized recommendations. The product associated with the search is closely tracked, and the most appropriate option is shown to users as a result.The user's priority is determined by a combination of search engine analysis and artificial intelligence. The items that are recommended are always focused on the user's activity, such as frequently browsed products that have been purchased alongside the one the consumer is presently researching. ?Did you know that suggesting products in the virtual cart based on a user's shopping or browsing history can boost conversion rates by nine times?? 4 Voice AssistanceMany new technologies are emerging in the e-commerce market as AI advances, allowing for greater user experience. One of the most important is Voice Assistance. It provides consumers with an easy way to find products and shop for them. Customers who find typing to be inconvenient can effortlessly shop using voice search.If there is a smart voice assistant like Amazon Alexa, all you have to do is ask it to find the product and then place a purchase. Because phones and individuals are becoming increasingly intimately connected, a speech interface could be the next step in the evolution of e-commerce. Natural speech ordering and purchasing is faster and allows individuals to focus on other things rather than typing. 5 Smart SearchThe search functionality of an e-commerce site is the feature that customers notice the most. It can make a big difference in your conversion rate. Nearly 88 per cent of clients look for a product on the internet. However, even a minor spelling error can cause you to lose consumers.Although big e-commerce giants such as Amazon, Flipkart, eBay, and others have overcome this difficulty, a single typo error can result in "We do not find any such item."If your search bar can't provide the best alternatives, your e-commerce site is doomed. A clever search can be used for more than just correcting a spelling problem.If you have a large number of products on your ecommerce store, there's a risk that some of them may never be seen, even if they have a decent probability of being sold. This issue is solved by the AI-based smart's auto suggest feature. It allows your customer a sneak peek at what else you have in stock.Other popular searches can be displayed to promote your highest-rated and most-wanted products in a simple and natural approach. 6 Internet of ThingsThe Internet of Things, or IoT, is the latest buzzword. It allows devices to communicate with one another over the internet. It also aids retail and digital companies in smoothing out their operations. Inventory management, warehouse management, supply chain management, and offering a better customer experience are all benefits of IoT for e-commerce.You can check and manage inventory goods, reducing the risk of human error while reordering things. Product kind, manufacturer's name, item expiration date, and batch IDs can all be stored properly in the system without the need for human involvement.IoT isn't just for sourcing; it may also assist you to eliminate overstocking. Temperature sensors can provide you with information and alerts concerning perishable goods. Amazon uses warehouse robots to make its order-picking process more efficient. For the time being, these robots can travel at a speed of 8 km/h and load packages weighing more than 300 kg. IoT can enhance the customer experience by delivering information about popular products on social media. You can also use IoT to target a certain group of clients. In google trends and internet browsing, it may recognise the shopping pattern. 7 Warehouse AutomationIn recent years, Warehouse Automation has become a must in e-commerce. Consumers have learned to demand features like same-day or next-day delivery, which has had a significant impact on the need for warehouse automation. Order volumes are increasing, turn-around times are lowering, SKU numbers are proliferating, and order sizes are shrinking in e-commerce. To fulfil such high demand, warehouses are doing away with clipboards, forklifts, and stock managers, among other things. Instead, they're being guided by AI-powered smart robots that keep track of goods 24 hours a day, seven days a week, and don't take a lunch break.Humans and these robots have one thing in common: they both enjoy talking. Unlike humans, who tend to gossip, AI-powered smart robots prefer to converse with their warehouse management system. When a buyer places an order, the information is transferred to the appropriate warehouse system, which then connects with the robot, which then dispatches the robot to remove the purchased items from stock, box them, and prepare them for shipment. All that smart robots can't do is drive a delivery truck. 8 E-mail MarketingE-mail Marketing continues to have a significant impact on e-commerce companies. Campaigns can be more engaging with AI-powered e-mail marketing.The following are some of the advantages of AI in Email Marketing: <ul><li>Emails do not appear to be automated; in fact, they look to be more humanistic.</li><li>Customers are more likely to stay with you if you have a stronger appeal.</li><li>The email's timings can be automated based on the user's geographic location.</li><li>Customers are intelligently analysed based on their responses.</li><li>Changes in strategy based on client feedback. </li></ul><h3 id="conclusion">Conclusion</h3>AI's application in e-commerce has no bounds at the moment, whether it's for improved customer service or to keep your e-commerce secure. With the use of AI solutions, the e-commerce industry may become a game-changer and more efficient.AI-based technology gives all users, as well as brands and their services, a tailored and consistent experience.

AI Impact on E-commerce

Artificial Intelligence (AI) has enormous promise in terms of increasing client loyalty.Most firms place a high value on customer loyalty. It's one of the most important aspects of client retention because it decreases turnover.Reduced churn is desirable since it costs four times as much to acquire a new customer as it does to retain an existing one. You also have a 70% chance of selling to old clients against 20% for a new customer. As a result, increasing client loyalty is a simple decision?but how can AI assist?<h2 id="the-state-of-ai-right-now">The State Of AI Right Now</h2>AI is utilised in products like virtual assistants (Apple's Siri or Google Home), chatbots, and self-driving cars because it simulates human intellect.Natural language processing, machine vision, and machine learning are examples of current AI technology.To evaluate massive datasets, these technologies often employ complex algorithms and distributed processing capacity. These datasets are significantly greater than anything a human could handle, and they were gathered by the myriad digital products and services we use today.This AI analysis can start a chain of replies, allowing you to predict what actions a person will take in the future. Being able to correctly predict client wants has numerous ramifications for large-scale personalization and customizing of a product or service.<h2 id="factors-that-influence-customer-loyalty">Factors That Influence Customer Loyalty</h2>So, in terms of loyalty, how does this look? Customers are more loyal to the firm that provides the best experience than to a famous brand or a particular name. In terms of distribution, availability of the product, customization possibilities, and options, we may assess the quality of the experience.Consumer loyalty is the possibility that a customer will stay with your brand in the long run, whereas customer experience is the sum of a customer's encounters with your brand.Customer loyalty is influenced by the following factors: ? Product quality? A simple, painless experience? A sense of being acknowledged and heard? A personal interaction However, putting these variables in place is difficult. These advantageous scenarios are more difficult to arrange for businesses since they must function on a wider scale than at any other period in history. It's simply not practical to dedicate a single agent to each consumer interaction.Furthermore, while technology has advanced our efficiency, it can also generate issues and make clients feel alienated. Customers are frustrated by systems that don't work as they should, and they feel as if companies don't care about them. In addition, digital encounters differ from in-person experiences. In a physical store, friendly and helpful employees are more vital, whereas, for e-commerce businesses, quickness and product availability are critical.When working on a big scale with limited resources, AI can provide the best of both worlds. <h2 id="how-artificial-intelligence-encourages-loyalty">How Artificial Intelligence Encourages Loyalty?</h2>Customer service encounters, according to Gartner, are four times more likely to result in disloyalty than loyalty. This means clients are more likely to have a negative experience with your brand than a positive one. In the following ways, AI can improve the likelihood of customers having a positive connection. Self-service enhancementsBy improving the self-service experience, AI can increase consumer loyalty.Setting up a static system and forcing clients to perform all of the efforts is not what self-service is all about. It's all about giving customers the tools they need to help themselves. And, by incorporating AI, you will be able to better anticipate client demands and meet them without the need for further human intervention.Creating a seamless customer experience by increasing your self-service offering allows agents to be more productive. Artificial intelligence, for example, can propose appropriate knowledge base articles to consumers who are having issues. Customer service representatives can save time and focus by dealing with fewer minor issues.When we understand the scope of the data, we can better listen to customers.When a machine has access to enormous volumes of data, it may occasionally provide a more tailored service than humans. We can make predictions based on this information. AI is built on information gathered about people, but not from a single client, but tens of thousands or millions of them.The sheer number of data available has always made analysis difficult?at least until AI has progressed to the point where it can take over some of the work. Because of this pattern-seeking behaviour, AI can forecast what a person will do next.<blockquote>For example, if a software subscriber hasn't used it in the last two weeks, they may be about to turnover. AI can send them re-engagement emails or alert an agent, allowing them to intervene before it's too late. </blockquote>AI will drive business analysis for loyalty programmes in addition to consumer service. Marketing departments, for example, can utilise AI to better understand customer behaviour and customize campaigns. <h2 id="ai-is-already-being-used-by-organisations">AI is already being used by Organisations.</h2>Despite the obvious benefits of AI, according to McKinsey's most recent report, just roughly 20% of organisations are utilising it.Amazon and other customer-centric digital natives are using AI to set the bar for the customer experience. In its warehouses, the e-commerce behemoth uses artificial intelligence to automate much of the order fulfilment process, with robots transporting things faster than any human.With Amazon Prime, the corporation can fulfil purchases the same day they are placed, and this astounding logistical accomplishment is made possible by AI.Streaming service on the internet Netflix builds client loyalty by forecasting the types of shows that people want to watch with a 75 per cent accuracy rate. Netflix also customises the app's home screen based on a user's previous viewing habits and choices. It also creates bespoke artwork for each show depending on what the data indicates will elicit the best response from that particular user. <blockquote>Netflix's 2017 revenue was 11.69 billion dollars, up from 150 million in 2002. When you consider that neither of these companies existed 20 years ago, their tremendous success is even more astonishing. </blockquote><h2 id="the-problems-with-ai">The Problems With AI</h2>The problem with embracing new technology is that they don't always work as we expect. Chatbots that appear to be robots will irritate your customers more than if you didn't employ them at all.While AI might boost client loyalty, it can also drive customers away if utilised incorrectly.If you let AI contact your customers directly, there's a chance that one or more of these interactions will go wrong. Google, for example, was fined after its messaging app's "Smart Reply" feature was discovered to be sending out obscene comments.The bottom line is to thoroughly test your AI strategy before deploying it in the world. So, can AI be used to increase customer loyalty?If used effectively, AI, like any other tool, can increase consumer loyalty. You can increase customer loyalty by using AI to:<ul><li>Listen to your users when they are dissatisfied</li><li>Iterating and refining your service through data collecting</li><li>Use it to streamline and improve your core services while keeping your consumers at the centre of everything. </li></ul><h2 id="conclusion">Conclusion</h2>Artificial Intelligence will continue to be needed, and its potential is limitless. As AI pervades more processes, businesses that wish to gain a successful marketing advantage will need to provide consumers with unique experiences, which will enhance customer loyalty and retention.

Can Artificial Intelligence Drive Customer Loyalty?

The most common goal of crypto scams is to obtain private information such as security codes or to dupe an unsuspecting user into sending cryptocurrency to a hacked digital wallet.

All You Need to Know About Cryptocurrency and Scams

Cryptocurrency is virtual money that exists solely on technology. Unless you utilize a service that allows you to exchange cryptocurrencies for a real token, there is no actual coin or bill. Without the use of an intermediary such as a bank, you normally exchange cryptocurrencies with someone online, using your phone or computer. Although Bitcoin and Ether are all well-known cryptocurrencies, there are numerous more, and new ones are created regularly.<h3 id="what-are-the-most-common-ways-that-people-use-cryptocurrency">What are the most common ways that people use cryptocurrency?</h3>People utilize cryptocurrency for a variety of reasons, including rapid payments, avoiding transaction fees charged by traditional institutions, and anonymity. Others invest in cryptocurrencies in the hopes of seeing their value rise.<h3 id="what-is-the-best-way-to-obtain-cryptocurrency">What is the best way to obtain cryptocurrency?</h3>Cryptocurrency can be purchased using an online trading platform. Some people make money with cryptocurrencies through a rigorous process known as "mining," which necessitates the use of advanced computer equipment to solve extremely difficult math riddles.<h3 id="what-do-you-do-with-your-cryptocurrencies-and-where-do-you-keep-them">What do you do with your cryptocurrencies, and where do you keep them?</h3>A digital wallet, which can be online, on your computer, or on an external hard drive, is where cryptocurrency can be stored. If something unexpected happens, such as your online exchange platform going out of business, sending bitcoin to the wrong person, forgetting your digital wallet password, or having your digital wallet stolen or compromised, you'll likely find that no one can help you recover your cash. And, because bitcoin is often transferred without the use of an intermediary such as a bank, there is often no one to turn to if you have an issue.<h3 id="using-cryptocurrency-to-make-payments">Using cryptocurrency to make payments</h3>If you're considering paying using cryptocurrencies, keep in mind that it's not the same as a card payment or other traditional ways.Payments made with cryptocurrency are not protected by law.You are legally protected if something goes wrong with your credit or debit card. If you need to dispute a purchase, for example, your credit card company has a procedure in place to assist you in getting your money back. Cryptocurrencies, on the other hand, rarely do.Payments made with cryptocurrency are rarely reversed.Once you've made a cryptocurrency payment, the only way to receive your money back is if the person you paid pays it back to you. Know the vendor's reputation, where the seller is situated, and how to contact someone if there is a problem before you buy something with cryptocurrency. Before you pay, double-check these details by performing some research.Some information about your transactions may likely be made public.Cryptocurrency transactions are often referred to be "anonymous." But the truth is more complicated. Some cryptocurrencies use a public ledger called a "blockchain" to record transaction data. This is a public list of all bitcoin transactions, both payment and reception. Depending on the cryptocurrency, details like the transaction value and the sender's and recipient's wallet addresses may be uploaded to the blockchain.A wallet address is a long series of numbers and characters that is associated with your electronic wallet. Although you can register your digital wallet under a false identity, transaction and wallet information can be used to identify the people engaged in a single transaction. When you buy something from a vendor that gathers additional information about you, such as your mailing address, that information can potentially be used to identify you.<h3 id="how-to-stay-away-from-cryptocurrency-scams">How To Stay Away From Cryptocurrency Scams?</h3>Scammers are constantly coming up with new ways to take your cryptocurrency. Anyone who insists on paying in bitcoin is a sure sign of a con. Anyone who suggests paying by wire transfer, gift card, or bitcoin is a con artist. Of course, if you pay, you nearly never get your money back. That's exactly what the con artists hope for. There are a few bitcoin scams to be aware of.Scams involving investments and business opportunitiesSome businesses claim that you can make a lot of money in a short period and achieve financial independence.Some con artists claim that you must pay in cryptocurrencies to have the privilege of attracting people to a programme. They claim that if you do, you'll be rewarded with cryptocurrency for your efforts. They promise that the more bitcoin you pay, the more money you will make. However, these are all bogus promises and guarantees.Some con artists begin by making unsolicited offers from so-called "investment managers." These con artists claim that if you give them the bitcoin you purchased, they can help you grow your money.However, if you log in to the "investment account" they set up for you, you'll discover that you can only withdraw your money if you pay fees.Unsolicited job offers to assist recruit cryptocurrency investors, sell cryptocurrency, mine cryptocurrency, or convert cash to bitcoin have been sent by some scammers.Some con artists post fake job postings on job boards. They'll promise you a job (in exchange for a charge), but then take your money or personal information.Scams in the romance industry Fraudsters frequently use dating websites to deceive naive victims into thinking they are in a genuine long-term relationship. When confidence is established, discussions frequently shift to profitable cryptocurrency opportunities and the ultimate transfer of money or account authentication keys.Scams using imposters and giveaways Fraudsters impersonate influential people, business executives, and cryptocurrency influencers as they move down the zone of influence. Many scammers promise to match or multiply the cryptocurrency donated to them in what is known as a giveaway scam to entice potential victims. Well-crafted messaging from what appears to be a legitimate social media account can establish a sense of legitimacy and urgency. This imaginary "once-in-a-lifetime" chance can tempt consumers to send money immediately with the expectation of receiving a quick payout.Look for claims like these to assist you to identify the businesses and individuals to avoid:<blockquote><ul><li>Scammers promise that you will profit. It's a con if they guarantee you'll make money. Even if a celebrity endorses it or there are testimonies. (Those are easy to forge.)</li><li>Scammers promise large sums of money with a high probability of success. Nobody can promise a specific return, such as doubling your money. Much less in such a short period.</li><li>Scammers claim to be able to provide you with free money. They'll say it'll be in cash or cryptocurrencies, but promises of free money always lie.</li><li>Scammers make bold statements with no supporting evidence or justifications. Smart businesspeople want to know how their money is being invested and where it is going.</li><li>Check it out before you invest. Look for the company's name and the cryptocurrency's name, as well as words like "review," "scam," or "complaint" on the internet. Take a look at what others are saying. Also, learn about other frequent investment swindles. </li></ul></blockquote>Emails of extortion Scammers frequently send emails claiming to have embarrassing or revealing images, videos, or personal information about the recipient. Then they threaten to publish it unless you pay in cryptocurrencies. It's not a good idea. This is blackmail and an effort at criminal extortion. It should be reported to the FBI right away.Scams on Social Media It's a fraud if you receive a tweet, text, email, or social media communication instructing you to send cryptocurrency. Even if the message came from a friend or was posted by a celebrity you follow, this is accurate. It's possible that their social media accounts were compromised.Report the scam to the social media site right away, and then report it to the FTC at ReportFraud.ftc.gov.<h3 id="scams-in-cryptocurrency-and-how-to-report-them">Scams in Cryptocurrency and How to Report Them</h3>Report any cryptocurrency-related fraud or other suspicious behaviour to:-<blockquote><ul><li>ReportFraud.ftc.gov is a website run by the Federal Trade Commission.</li><li>CFTC.gov/complaint is the website of the Commodity Futures Trading Commission (CFTC).</li><li>sec.gov/tcr, the United States Securities and Exchange Commission (SEC), and the cryptocurrency exchange company you used to transmit the money.</li></ul></blockquote><h3 id="final-thoughts">Final Thoughts</h3>The recent spike of interest in Cryptocurrencies has stimulated the interest of a wide range of investors, but it has also attracted the interest of scammers.The most common goal of crypto scams is to obtain private information such as security codes or to dupe an unsuspecting user into sending cryptocurrency to a hacked digital wallet.Giveaways, romance scams, phishing, extortion emails, and other social engineering scams discussed in the article are a problem in general, but they are more frequent when it comes to bitcoin.

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