The introduction of the gig working model has allowed workers to have complete control over the project and the flexibility to work. Gig working models encourage freelancers to perform their assigned tasks from anywhere in the world. Hence many people prefer working as freelancers over full-time employees. The gig economy has completely changed the traditional nature of work with three major dimensions - the work, the person who performs the task, and the place of work. The gig economy trending model changes the organization’s workplace policies and adopts new practices to hire experienced and talented professionals, aka gig workers. <h2 style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;">Who are Digital Gig Workers?</h2>Unlike in-person gig workers such as couriers and delivering packages, digital gig workers can work online irrespective of where they reside. However, digital gig workers enjoy equal benefits of control, flexibility, and independence as in-person gig workers. With the advancement of technology over the years, these digital gig workers now play an integral role in Artificial Intelligence (AI) and Machine Learning (ML).&nbsp; <h2 style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;">Where do Companies Hire a Digital Gig Worker?</h2>There are many ways to hire active freelancers to train AI and ML. Many corporate companies approach third-party agencies, while other employers hire gig workers from digital platforms such as Upwork, LinkedIn, Behance, and more. <h2 style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;">How do Digital Gig Workers Contribute to AI?</h2>AI needs training to see the world like humans to deliver logical and accurate data to the audience. Big companies hire digital gig workers to train AIs so that they can understand the world better. From labelling the data to image data, these digital gig workers supervise the AI in recognizing patterns to make intelligent decisions. For instance, Amazon might be hiring transcribing digital gig workers to train the AI to understand speech and recognize the voice algorithm. Some big tech giants also have their in-house versions.Basic tasks performed by digital gig workers to train AIs:<ol style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;"><li style="background: transparent; margin-top: 0pt; margin-bottom: 0pt; list-style-type: decimal;">Image Classification-&nbsp;Digital gig workers train AIs to understand and classify items in terms of colours, style, and more. It helps AI to recognize particular articles.</li><li style="background: transparent; margin-top: 0pt; margin-bottom: 0pt; list-style-type: decimal;">Transcription of Data-&nbsp;AIs are supervised to produce transcriptions from video, audio, and images. It also enhances the recognition systems.</li><li style="background: transparent; margin-top: 0pt; margin-bottom: 0pt; list-style-type: decimal;">Tags-&nbsp;The human training helps AIs maintain data, categories, and tags. With the use of these tags, the AI can recommend accurate data to the audience.&nbsp; </li></ol><h2 style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;">Benefits of Hiring a Digital Gig Worker</h2>Finding the right digital gig worker to train AI is quite challenging. There are chances of a mismatch of skills or lack of training skills. It is also difficult for companies to monitor and track the performance and productivity of the worker. Even after so many concerns, companies still prefer working with freelancers over full-time employees because of the following reasons:<ol style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;"><li style="background: transparent; margin-top: 0pt; margin-bottom: 0pt; list-style-type: decimal;">Lower labour cost-&nbsp;Hiring a freelancer is more cost-effective than hiring a full-time employee. Many freelancers charge hourly based or signed for one-time projects. There are no additional expenses such as travel or petrol remuneration because freelancers have the independence to work from anywhere.</li><li style="background: transparent; margin-top: 0pt; margin-bottom: 0pt; list-style-type: decimal;">They have developed a niche-&nbsp;Freelancers are experts in the projects they choose to work on. They assure you of result-oriented work and hold several years of experience in the industry. Therefore, many freelancers prefer working as individuals rather than having tie-up with agencies.</li><li style="background: transparent; margin-top: 0pt; margin-bottom: 0pt; list-style-type: decimal;">Freelancers assure quality work-&nbsp;Successful freelancers in the industry are very confident in their work and do not have to undergo trial and error terms. Sometimes freelancers are more efficient than full-time employees for the same task because of their training on the subject for years.</li><li style="background: transparent; margin-top: 0pt; margin-bottom: 0pt; list-style-type: decimal;">Heterogeneity-&nbsp;Freelancers work on a variety of projects with exposure to different styles of working. Because of their diverse skill set, helps them to give projects a new perspective.</li><li style="background: transparent; margin-top: 0pt; margin-bottom: 0pt; list-style-type: decimal;">Connections-&nbsp;Freelancers can help you connect with the right person you are looking for. Because they work with different organizations, they are always in good association with skilled professionals like designers, writers and more. So you can always ask them to refer to any of their connections that suit your project role.&nbsp; </li></ol><h2 style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;">Problems Faced by Digital Gig Worker</h2>Like every coin has two faces, digital gig workers also have to face challenges while dealing with companies. The artificial intelligence industry runs on invisible human labour who often have to work under awful conditions.<ol style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;"><li style="background: transparent; margin-top: 0pt; margin-bottom: 0pt; list-style-type: decimal;">Low wages-&nbsp;Even after the complex process behind supervising an AI to make intelligent decisions, digital gig workers work for low wages. For many, these platforms are their only source of income. Reports suggest that digital gig workers earn $2 per hour - less than the US minimum wage.</li><li style="background: transparent; margin-top: 0pt; margin-bottom: 0pt; list-style-type: decimal;">Less future job opportunities-&nbsp;Working as a digital gig worker can cut down on future job opportunities because not all employers know the subject. Many freelancers do not prefer adding these works to their profiles.</li><li style="background: transparent; margin-top: 0pt; margin-bottom: 0pt; list-style-type: decimal;">Ghost work-&nbsp;The invisible human labour behind the training of AIs does not get any credits. Ghost work is also a type of mistreatment of the freelancer’s work and ethics. A project done under the name of ghost work and low wage reward is equal to labour exploitation.</li><li style="background: transparent; margin-top: 0pt; margin-bottom: 0pt; list-style-type: decimal;">No employment benefits-&nbsp;Unlike full-time employees, freelancers do not have access to employment benefits like health insurance, paid leaves, sick leave or retirement plans. This can land freelancers in rough economic situations.</li><li style="background: transparent; margin-top: 0pt; margin-bottom: 0pt; list-style-type: decimal;">Not all freelancers are hired-&nbsp;With an increasing demand for paid gig workers, everyone wants to have a flexible work life to balance personal and professional. But the bitter truth of the freelance industry is that not all freelancers are hired, or not all the time you will be occupied with projects. There can be a time when you have no project in your hand, facing finance challenges.&nbsp; </li></ol><h2 style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;">The Future of Gig Economy in AI</h2>AIs have indeed made human lives easy. Over the past couple of years, the application of AI has paced up in various industries. Many tech giants have successfully proven the use of AI amidst the COVID-19 situation.&nbsp;Here are a few examples of how AI has played a crucial role amidst the COVID-19 situation:<ol style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;"><li style="background: transparent; margin-top: 0pt; margin-bottom: 0pt; list-style-type: decimal;">Google Maps introduced the COVID Layer feature to alert their consumers about corona affected areas.</li><li style="background: transparent; margin-top: 0pt; margin-bottom: 0pt; list-style-type: decimal;">AICOVID-19 can differentiate COVID-19 and non-COVID-19 coughs on your smartphones by sending three cough sounds through the AI engine producing results in 2 minutes.</li><li style="background: transparent; margin-top: 0pt; margin-bottom: 0pt; list-style-type: decimal;">Apple introduced Apple Watch Series 6 with an inbuilt oximeter and claimed to work with health organizations to determine whether the device can identify a person contaminated with COVID-19.</li><li style="background: transparent; margin-top: 0pt; margin-bottom: 0pt; list-style-type: decimal;">Aarogya Setu App launched to trace COVID-19 rule violators with AI cameras. Initially, installed in Hyderabad, Cyberabad, and Rachakonda.</li><li style="background: transparent; margin-top: 0pt; margin-bottom: 0pt; list-style-type: decimal;">Big companies such as TATA used AI combined with Chest X-rays to identify abnormal findings in the lungs, which is the main symptom of corona disease.&nbsp;</li></ol>With scientists experimenting with the combination of AI and ML algorithms across various fields, such as health and finance, AI has many undiscovered benefits. The growth of the gig economy relies on the use of technology and its advancements. By bringing awareness about the invisible human labour behind AI and supporting digital gig workers, there can be a decline in gig workers’ exploitation. The increased use of AIs and demands for digital gig workers seem to boost the gig economy shortly.&nbsp;

Apurva Minchekar

Premium reporting on technology, startups, VC funding, and software from Techfastly tagged with AI. Read about themes, trends and strategies for AI.

Artificial Intelligence

The Face Behind AI

<div>The future of technology and its advancement is unpredictable. With the increasing proliferation of technology in human lives, Robots taking over human beings' jobs in the future is nearly possible. The primary reason for introducing the traditional robots in human lives was to overcome the physiological limitations and help in heavy lifting works. However, many tech experts have predicted that new robots' development seems to replace humans in their workplace by upgrading and expanding their skills.&nbsp; <h2 style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;">Why Do Enterprises Choose Robots Over Human Labor?</h2><ol style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;"><li style="background: transparent; margin-top: 0pt; margin-bottom: 0pt; list-style-type: decimal;">Productivity Level The productivity level of humans can clash anytime because of stress, burnout, or overworking. However, robots can work with increased productivity levels without costing the enterprise more than before. Considering that robots can only perform tasks and follow orders, the employees can add more value to the enterprise with strategic thinking and policies to leverage the enterprise in the market.</li><li style="background: transparent; margin-top: 0pt; margin-bottom: 0pt; list-style-type: decimal;">Production Time Unlike humans, robots can work faster to keep the pace of the production process. Robots can deliver results more quickly than an employee in a shorter time. One of the significant advantages of choosing robots over human labor is that robots can work without taking breaks.</li><li style="background: transparent; margin-top: 0pt; margin-bottom: 0pt; list-style-type: decimal;">Production Quality It is needless to say that humans can perform tasks accurately than robots. However, by training robots with the same movements and functions, it can yield consistent results.&nbsp; </li></ol><h2 style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;">Why There is a Rapid Acceleration in the Development of Robots?</h2>The new advancement and programming in robots are training them to think and function, similar to humans. Many enterprises and investors are driven towards focusing time and budget on robots innovation because of the following reasons:<ol style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;"><li style="background: transparent; margin-top: 0pt; margin-bottom: 0pt; list-style-type: decimal;">Sensor Technology The rise of mobile computing has added value to robot developments. The sensor technology used in robot’s development makes them capable of seeing, touching, hearing, feeling, and moving like humans. With no additional cost, robots can function similarly to humans, which is cost-effective and efficient.&nbsp;</li><li style="background: transparent; margin-top: 0pt; margin-bottom: 0pt; list-style-type: decimal;">Robotic Operating System (ROS) ROS is a standard operating system in the development of robots. One of the primary reasons for the rise of Robotic technologies could be the introduction of ROS. ROS is a free and open-source, accessible to robot developers to create flexible frameworks for robots. ROS is not only limited to robots but can also be used in working with auxiliary devices.</li><li style="background: transparent; margin-top: 0pt; margin-bottom: 0pt; list-style-type: decimal;">Prototyping Robots are designed for rapid prototyping to break down complex processes into simpler ones. One of the rapid prototyping many robotic experts are looking forward to is the development of 3D printers. </li></ol><h2 style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;">Which Job Profiles Can be Taken Over by Robots?</h2>Based on Robots' developments and advancement, many experts have predicted a few job profiles likely to have more robots and fewer humans.<ol style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;"><li style="background: transparent; margin-top: 0pt; margin-bottom: 0pt; list-style-type: decimal;">Telemarketing Telemarketing is one of the job profiles that AI robots can take over in the coming years. Robots can successfully replace humans if trained accurately to understand what consumers mean and what they are looking for. Many countries, such as China, have developed AI-powered voice bots for speech recognition and generation.</li><li style="background: transparent; margin-top: 0pt; margin-bottom: 0pt; list-style-type: decimal;">Data Entry Data Entry is one type of monotonous job performed by employees based anywhere. If AI robots are trained to function this daily monotonous job profile, robots can perform the tasks accurately for less money.</li><li style="background: transparent; margin-top: 0pt; margin-bottom: 0pt; list-style-type: decimal;">Librarians To perform a Librarian profile, the employee must be aware of books available in the library and their placements. By training AI robots in tracking the available books in the library, there will be no need for librarians.</li><li style="background: transparent; margin-top: 0pt; margin-bottom: 0pt; list-style-type: decimal;">Film and Photograph Processor Like smartphones disrupted human lives, making it part of human routine lives, Robots are also likely to take over profiles in film and photograph processing in the industry because of the sensor technology used to perform like humans.</li><li style="background: transparent; margin-top: 0pt; margin-bottom: 0pt; list-style-type: decimal;">Factory Worker Factory Worker job profiles are usually the same movement of human labor. Training robots to perform the same movement work will enhance the production time and the quality of the enterprise.</li><li style="background: transparent; margin-top: 0pt; margin-bottom: 0pt; list-style-type: decimal;">Accountant The job of an accountant mainly includes accounting taxes, business budgeting, and data-related work. High tech AI robots trained to analyze data can effectively perform accountant tasks. </li></ol><h2 style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;">Will Robots Take Over Human Jobs? A Myth or Fact</h2>Humans create and train robots to perform from simple to complex processes. With digital transformation and technology advancements, no technology can be compared with human intelligence. There are many tasks that robots cannot perform because of imperfections in craftsmanship. Robots can take over human jobs. However, many professions such as Doctor, Marketer, Defense, and more cannot be replaced.With this never-ending debate of whether robots will take over human jobs, one must always remember that robots are built to follow the orders and have no brain that equals the human brain's intelligence.</div>

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Algorithm Techniques

The Future of Robots and Work

Do you see "old pictures of babies" singing random songs and the audience going gaga over it surfacing all over Instagram reels? Or Do you see some legend or country freedom fighter coming alive in the picture -blinking its eyes or smiling back at you? Or influencers bringing their grands' picture to life and taking their parents' reaction? Well, this clearly reflects how advanced and powerful technology has grown over time. All this kind of facial manipulation is possible because of Deep Fake Technology, and here is what you need to know about it. <h2 style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;">What is Deep Fake Technology?</h2>&nbsp;Google defines Deep Fake Technology as a synthetic media in which an existing image or a video is replaced with someone else's likeness. Even though the definition seems very simple, technology is much more complex.&nbsp;A deep fake technology can easily manipulate the facial muscles of a person using artificial intelligence. It can replace faces, synthesize faces and synthesize speech. For someone using this technology for entertainment can be fun, while others can land into serious problems if used for unlawful purposes.&nbsp; In 2017, Deep Fake Technology was first introduced to the public. "Deep Fake" is a username on Reddit used to manipulate the facial expression of people for pornographic purposes and hence the technology was named after the name of the user.&nbsp; This technology has impacted many profiles, from celebrities to politicians. Some of the deep fake technology incidents surfacing all over social media include Public Service Announcement by Former President Obama, Nancy Pelosi slowed down, deepfake roundtable- a funny compilation of Hollywood stars such as Tom Cruise and others, Trump joining Breaking Bad and the list of examples is endless.&nbsp; <h2 style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;">How Does a Deep Fake Technology Work?</h2>Deep fake images are usually created by manipulating facial expressions or facial swapping using AI. These images are created by training the AI with hundreds of images, training it to identify the facial expressions, and reconstructing the patterns. The AI is trained to analyze an image from different angles to successfully transpose the image on each other, making it look real. Mostly selfies are used to create deep fake technology because your face and features can be easily traced.&nbsp;&nbsp; Another way to create deep technology is the use of Gan or Generative Adversarial Network. Gan consists of two algorithm bodies acting against each other. The first algorithm, known as generator, is trained to recognize the voice and convert it into images, which are then added to the original images. These manipulated pictures are then fed to a second algorithm - Discriminator. At this stage, the image is just the face of the personality. The discriminator repeats the original images endless times, which helps in improving generator and discriminator by giving feedback on performance. After enough cycles and feedback, the generator will start generating realistic faces of the personality giving the final result of the fake image and video.&nbsp; <h2 style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;">Why is Deep Fake Technology Dangerous?</h2>It is reported that more than 180 million photos are uploaded every day on social media. This technology has acted as a weapon in defaming celebrities' profiles. With the help of advanced AI, the pictures of celebrities can be easily transposed into nude and pornographic pictures.&nbsp;&nbsp;Considering that technology can also create deep fake videos, the existing videos of political leaders can also manipulate the announcement, adding defamation to the political personality and making agenda chaos in public.&nbsp; Not only celebrities but it can also affect the common people's life. It is reported that many women become victims to their predators by threatening to leak fake intimate videos online or send them to their families.&nbsp; &nbsp;The technology seems fun on social media like Instagram but can cause equal or more damage to an individual's life.&nbsp;&nbsp; <h2 style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;">How to Spot Deep Fake Images?&nbsp;</h2>Spotting a deep fake video or images can be difficult, but adding a little effort to your actions can help you not fall into such traps. Here are two ways to spot them:<ol style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;"><li style="background: transparent; margin-top: 0pt; margin-bottom: 0pt; list-style-type: decimal;">Poor Quality-&nbsp;The deep fake videos or images are generally of poor quality. Certain features might not exactly be like real muscle expressions, such as inconsistency in an eye blink, patchy skin tone, and more. One of the significant indications is blinking because AI is not trained or aware of blinking movements.&nbsp;</li><li style="background: transparent; margin-top: 0pt; margin-bottom: 0pt; list-style-type: decimal;">Fine Details-&nbsp;Fine details are many times overlooked by the creator. However, paying focused attention to details like hair, jewelry, and teeth can help you spot the difference between a real and a fake image.&nbsp;</li></ol> <h2 style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;">How to Spot Deep Fake Videos?</h2>Deep Fake Videos are difficult to identify because of the use of AI. If you notice a difference between the person and the background, that means it is likely that the video is manipulated. In such scenarios, the face of the person is more focused, and the background doesn't seem in sync or blurred or different; it is an indication that the video you are watching is fake. <h2 style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;">How to Avoid Being Victim to Deep Fake Technology Traps?</h2>Many researchers and scientists have suggested that Artificial Intelligence can play a major role in detecting such images and videos. Tech firms such as Microsoft and Intel have introduced deep fake detection tools.&nbsp;&nbsp;&nbsp;However, building such technologies is time-consuming; until then, one of the best ways to avoid such traps is to limit the upload of your pictures or videos, especially close-ups where your features can be easily traced.&nbsp; <h2 style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;">Bottom Line</h2>Deep Fake Technology can be very amusing until it is used for entertainment purposes, but one must always verify the images before forwarding them to anyone. One of the ways that the future looks forward is the creation of advanced cameras that can convert images and video into digital signatures that cannot be copied or tampered with by the hacker. With advancing technology and professionals getting skilled at creating deep fake, it can be very difficult to spot the real or the fake images.&nbsp;&nbsp;

Everything You Need to Know About Deep Fake Technology

Cloud Computing is one of the on-demand computing services that deliver servers, software, intelligence, networking, and analytics over the internet. It is one of the economical, flexible, and innovative computing services in the market. One of the major reasons many businesses are dependent on cloud computing is because the data can be accessed from anywhere as it is stored in remote databases. Advantages of Cloud Computing Cloud Computing has played a major role in the smooth functioning of businesses during COVID-19 because of its remote accessibility. However, besides COVID-19, the following are a few reasons why cloud computing has become one of the preferred computing services:<ul><li>Cost-effective By using cloud computing, businesses can actually save on their expenses. Companies do not have to spend on buying hardware and software. They also don?t have to pay any data expert management team to maintain the IT library.</li><li>Scalability Many times businesses have to scale up or down their storage for which they have to invest on upgrading the hardware or reducing the size. However, when you operate with cloud computing, you do not have to worry about it because your cloud computing service provider will fix it for you. It makes sure that the right amount of storage is provided wherever needed.</li><li>Productivity Cloud computing has proven to increase the productivity of employees. There are many tasks that employees in the IT department have to perform including software patching and hardware management. Performing these tasks is very time-consuming. Cloud computing can help in eliminating time-consuming tasks by performing them on their own and allow the IT department to focus more on their actions and achieve the target.</li><li>Security Cloud Computing service providers offer a broad range of policies and technologies that assure complete security to your data and applications. In case you lose your data, you don?t have to worry as cloud commuting creates an additional backup for your data.</li><li>Connectivity Cloud Computing is a server for worldwide networks. Employees can interact with their responsible team online to perform their assigned work because of the fast internet connection. Employees from different departments assigned with one project across the world can work together on the project. </li></ul>Types of Cloud Computing and Cloud ServicesCloud Computing is designed with specific features that can be used by different business entities for several purposes. Cloud Computing service providers design specific types of services that can serve all types of businesses and their needs. Cloud Computing can be divided into four types based on their usage: <ul><li>Private Cloud - Private type of cloud computing is designed for a single business entity or organization. In this type of cloud computing, the server is placed on the company?s onsite data center or IT department. Businesses are also allowed to pay third-party service providers to host their services on this cloud network.</li><li>Public Cloud- Third-party service providers own and host public cloud. They are mainly responsible for delivering computer resources such as storage over the Internet. An individual can have access over the data using a web browser and rest supporting factors such as hardware and software is managed by the cloud service provider.</li><li>Hybrid Cloud- Hybrid Cloud is a mixture of private and public cloud that shares the data and technology between the two. This adds more flexibility to the functioning of business, helps an individual to analyse its infrastructure and provides complete security without spending much from the pockets. </li></ul>Commonly known as commuting stacking, based on the goals of the business. Cloud computing can also be categorized according to the services: <ul><li>Platform as a service (PaaS)- PaaS is responsible for supplying the on-demand of the market including developing, delivering, testing, and managing the software. It is commonly used in making websites or mobile applications without much stress of managing servers.</li><li>Software as a service (SaaS)- SaaS is designed for delivering software applications over the Internet. These types of services are sometimes accessible only on the subscription via phone, desktop, or tablet. Cloud service providers manage the software and other aspects using SaaS.</li><li>Infrastructure as a service (IaaS)- IaaS aims to provide virtual machines, network, operating systems etc., to an IT infrastructure. An individual can have access to the service by renting the service or by paying to the cloud service providers according to your needs. </li></ul>How does Cloud Storage work?<ul><li>Cloud storage is one of the best ways to access and store your data from anywhere at any time across the world. You only pay for the space that is occupied by your data and is billed accordingly according to the scalability. The cloud storage uses Master Control Server and Other Storage Servers that are linked together and coordinate with each other for effectively working on the storage system. </li><li>Cloud computing supports all types of files to be stored that includes documents, videos, images and more of all types of size. The cloud storage is completely protected and secured. Once you sign in or subscribe to any cloud storage provider, you can sync your devices to your cloud storage. Simultaneously, it will also create a backup of your data to recover any deleted files. </li></ul>Disadvantages of Cloud ComputingLike every coin has two sides, cloud computing which is one of the most preferred service to store data also has a few disadvantages that must be considered:<ul><li>Cyber-attacks: With technology advancement, an individual usually fails or overlooks increasing cyberattack that can knock the door anytime. Even after strong security from the cloud computing service providers, many businesses fall prey to many hackers' traps via unknown emails and other techniques that can easily give a hacker access to your data.</li><li>Internet Connection: One of the major benefits of cloud storage is that it can be accessed remotely. But you can only access your data if you have an internet connection. Besides, you also need to have an internet connection and speed performance.</li><li>Technical Issues Cloud computing is a device that manages the data itself but in case it suffers from any technical issues, you would be able to fix it. You will have to contact your service provider who will fix it for you and there are high chances few of them will charge for repair service.</li><li>Electricity Cut Many businesses can suffer a loss of billions because of electricity cuts or blackouts that can paralyze the functioning of the organisation. </li></ul>Who are the top Cloud Computing service providers?Some of the few top cloud computing service providers in the industry are Google Cloud, IBM Cloud, Alibaba Cloud, Microsoft Azure and Amazon Web Series Cloud Computing is one of its kinds of examples that has proven to be a boon to humankind with least challenges. With growing additional features to make the data safe and better functioning, we can predict that soon more advancements will be able to overcome the challenges.

Cloud Computing: A Guide For Your Business

Formerly known as Software as a Service by Microsoft, SaaS is one of the most preferred software licensing and delivery models of Cloud Computing. It is commonly used in office software, messaging services, payroll processing, CAD, gamification, customer relationship management and more.&nbsp; &nbsp;<h3>Why Do Businesses Choose SaaS?</h3> One of the major reasons why businesses choose SaaS is that entrepreneurs don?t have to install and run applications on their data centers that eventually cut down on their expense of maintenance, installation and upgrades. However, here are some more benefits of SaaS that assure SaaS is the best option for businesses:Payment Flexibility- SaaS allows entrepreneurs to pay according to their subscriptions.Scalability- Entrepreneurs do not have to manually increase or decrease scalability by upgrading hardware. SaaS will automatically scale up or down according to your business needs.Easy Accessibility- Entrepreneurs can have access to the data anytime from anywhere given that they are connected to the internet.Customizable- SaaS can be easily customized by entrepreneurs according to their needs such as integration with other business applications.Data Backup- SaaS creates a backup of all your original data that can be used if you accidentally delete your data or due to some malicious activities you lose your data.&nbsp; &nbsp;But ever wondered what will happen if you also lose the data from your SaaS backup? Losing your data even from SaaS backup will result in huge damage to the business. According to the surveys done on SaaS Data by SpiceWork Community, 1 out of 3 companies lose their SaaS data, 47% of data is damaged from user end deletion, 13% of data is deleted by hackers, and 17 percent is lost due to overwritten codes by the employees. &nbsp;Besides, it is reported that 77% of companies have lost their data using SaaS applications that resulted in a great loss of the business and its reputation. Well, you can still retrieve your lost data with the following methods:Multiple copies: One of the best ways to keep a backup of SaaS data is by making multiple copies of the data. Ideally saving it in different locations will make things easier to retrieve when you lose your data. Entrepreneurs can also implement third-party backup solutions as well such as Cloud Security Alliance Membership, Strong Encryption Cyphers, SSAE 16 Compliance and more.Use User-Friendly Backup Platform: Loss of data from your backup can lead to a waste of time and energy for the employees. Entrepreneurs should include training sessions for their employees on using user-friendly backup platforms. By training them to use user-friendly sessions such as Google App, Office 365 and more, employees can solve their own data loss issues without the need of IT consultants.Create Metadata: Metadata also plays an important role in finding your data in the SaaS cloud. Metadata can help in changing the sharing, collaborating and controlling the stored data. However, not all SaaS data solutions have a Metadata feature or some may have it enabled only in the premium account.Keep Monitoring Backup: Even when your backup solution is doing its job, you must also monitor your backup often to keep a check on data corruption or invading of viruses. So you take action before there is any damage done.<h3>Final Words</h3> SaaS Backup solutions are an important part of your business model. Many times due to human error the original data can be damaged or programmatic errors that cannot be undone easily. Besides, it always protects your data from hackers or any malware inside.Keeping data safe is not only part of the business models but also ethical values that add to brand reputations. Considering the payment flexibility against the benefits that an entrepreneur enjoys is a great deal to build your brand with safety.&nbsp; &nbsp;

Premium reporting on technology, startups, VC funding, and software from Techfastly tagged with Business. Read about trends and strategies for Business.

Business

Check out our article for four simple ways to backup SaaS data, so you never have to worry about losing your business's information again!

4 Ways to Backup SaaS Data | Techfastly

How to Backup SaaS Data?

The penetration of technology has also influenced the stock market industry making it more efficient and helping consumers take leaps and bounds. 

Technology and Stock Market- A Millennial's Take

<div>Technology has impacted the lives of billions. With technology evolving every single day across industries, it isn't easy to imagine a future without being surrounded by technology. The penetration of technology has also influenced the stock market industry making it more efficient and helping consumers take leaps and bounds.&nbsp; According to experts, millennials have piled up in the trading industry and can fuel the market to disrupt the stocks. While in talks with Aditya Meera Sharma, a millennial in the trading industry, here is the analysis of how technology has influenced the stock market and its consumers: <h2 style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;">Digital Trading</h2>Technology has drastically changed the way investors trade and have elevated digital trading. Digital trading has allowed small risk-takers to invest because of high ROI, discounted brokers, and minimal risks. Anybody can start trading with INR 10,000 and can expect minimal losses compared to their brokerage.&nbsp;&nbsp;Brokers can now provide 4X leverage that allows small investors to buy four times their original capital. However, it is a significant benefit for dynamic risk profile traders to maximize their money quickly..&nbsp; <h2 style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;">Real-Time Stock Performance Analysis</h2>Technology has made selling and buying shares easier than before. With the help of technologies, investors are now aware of the latest stock updates and can track market performance in real time, making it easier to execute stress-free trading and analysis.&nbsp;Recalling how Mr. Sharma used to help his mom keep an eye on stock charts on CNBC and watched his mom calling brokers to execute a buy position and exit position that always resulted in a delay, he added, "Today it's all in front of the screen, brokers have their trading platform, and with a single click we can know the current market price of the stock, we can execute the orders, and it would take less than 2-3 second to get into a trade or exit out." Investors can also study the market trend before investing their hard-earned money in any company. It is also recorded that, unlike before, the errors in transactions have also been reduced because of advanced features programming in technologies.&nbsp; <h2 style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;">Sporadic Market Shift&nbsp;</h2>"Earn More" is the easiest trap to fall for. With everything becoming digital across industries, digital platforms are one of the ways to disseminate false information and mislead investors. It is needless to say that a message is forwarded within seconds, even before the individual reads the message entirely or verifies it.&nbsp;&nbsp;Aditya suggests choosing the right mentor is one of the ways to minimize such fraud. You must always ask the mentor to show their past year's profit and loss statement before taking it forward. Trading cannot be skilled in just 2-3 sessions, so choose a mentor who will guide them for months through the ups and downs of the game.&nbsp;&nbsp;<h2 style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;">Development of Mobile Application</h2>Nowadays, many trading applications are available on Playstore, keeping the stock market details at investors' fingertips. An investor can trade from anywhere, anytime has increased the number of investors because of lesser restrictions.&nbsp; Unlike hefty trading fees that reduce investment gains, trading applications have reduced the fees, allowing investors to gain more wealth and even attract new investors to join the stock market industry. Many applications also teach and provide you with demo accounts to learn the trading basics.&nbsp;&nbsp; <h2 style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;">Artificial Intelligence</h2>&nbsp;Controlling your greed and fear in trading is not everyone's cup of tea, and hence many people choose to simply code their strategies and let AI do trading on their behalf. The future of trading has more about AI takeover as it allows an individual to also focus on other chores; however, this type of trading style may not be accessible to everyone and will have to face difficulties in competing with the fastest computers compared to theirs'.&nbsp;<h2 style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;">Increased Investors</h2>During COVID-19 and yet, people have lost their jobs within seconds, reflecting that having a full-time job is also equally risky. You could be laid off anytime for reasons. Many people choose to trade full-time or part-time because of the money factor that they can earn more or less to their regular job income.&nbsp;&nbsp;The Internet is a library of all information that you want to learn about. The combination of the Internet and technology in the stock market industry has attracted more investors. According to reports, 19.5 percent are individual investors in 2020, which is double of 2010.&nbsp;&nbsp;Because the Internet is accessible to everyone, one can learn the basics of trade, and technology has proven to be a boon to the stock market industry. By following the old traditional way of trading, no one would have taken the effort to consider trading in the present.&nbsp; Technology has made the lives of human beings easier than anyone could have imagined. Everything can be performed at your fingertips error-free. With more advancements, it will effectively and efficiently shape the future of the stock industry.&nbsp;&nbsp; However, investment gain and loss are not the responsibility of technology, considering it is the only means to provide you with a market prediction. Rest assured is the test of your trading skills.&nbsp;</div>

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