IOT – Internet Of Things
The next evolution in internet technology is complete connectivity with the products we use in our day-to-day lives. A recent report predicts that the world will have around 50 billion connected devices in 2-3 years. The evolution of communication between wireless objects and mobile phones creates a space for endless machine-to-machine (M2M) connectivity options, leading to a new Internet of Things (IoT). These technologies are fully supported by SAP HANA.
With blockchain, we can imagine a world in which contracts are embedded in digital code and stored in transparent, shared databases, where they are protected from deletion, tampering, and revision. In this world every agreement, every process, every task, and every payment would have a digital record and signature that could be identified, validated, stored, and shared. Intermediaries like lawyers, brokers, and bankers might no longer be necessary. Individuals, organizations, machines, and algorithms would freely transact and interact with one another with little friction. This is the immense potential of blockchain.
Machine learning is a subset of artificial intelligence in the field of computer science that often uses statistical techniques to give computers the ability to "learn" from data without being explicitly programmed.