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AI and Pharma Industry: A New Love Story

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AI and Pharma Industry: A New Love Story The medical industry has become a Research and Development (R&D) sector where Artificial Intelligence (AI) has made its entry in a very powerful manner. They are many signs that we are moving more and more toward speciality AI applications. The quality of any AI applications is directly related to the quality and consistency of the data that they are fed with. One of the most important areas of progress in AI will be the quality and consistency of available data. Therefore, the Internet of Things (IoT), and its ability to capture orderly and standardised data, will be the next revolution. To this date the major medical areas affected by AI have generally been: ·        Robotic Surgery: For example, laser eye surgery and hair transplants are typical procedures that are simple enough for effective treatments.         Image Analysis: AI automated systems are assisting ...

2020 Facebook and Cryptocurrency

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2020 Facebook and Cryptocurrency In an amazing announcement in May, Facebook stated that they are entering the blockchain and cryptocurrency market in 2020. No less than 50 Facebook employees have been working on this new venture for over a year. By April 2020, Facebook plans to set up digital payments in about 12 countries. Its leader, Mark Zuckerberg, has already discussed the issues, operational and regulatory, that could hindrance the introduction of this new Facebook offering. In this process, he spoke to the Bank of England governor, Mark Carney and to the US treasury. It should be noted that the US Senate banking committee has raised questions about the Facebook consumers’ privacy. It is now down to Mark Zuckerberg to address legal, regulatory and privacy concerns. Currently, this cryptocurrency is known as “GlobalCoin”. More details about it will come forth during the summer of 2019.   Facebook added services will allow users to convert currencies into digital...

The consecrations of AI and human stupidity

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The consecrations of AI and human stupidity In the history of mankind, each century was marked by positive and negative events that affected not only humans but also the planet in ways that were not easily foreseeable beforehand. In the 20th century, the two world wars and the fast emergence of IT technologies are examples of major changes that affected our lives. Now that we have started the 21 st century, apart from the obvious rise of worldwide ultra-nationalism and global warming concerns, we have the consecrations of both Artificial Intelligence (AI) and of the more obscure one of human stupidity. What marks this century, more than any others, is the fact that any erroneous or just bad changes we implement could well result with the end of our civilisation. The following analysis for the evolution of both AI and human stupidity are based on established scientific studies and should therefore be seriously considered. As business workers and leaders, we have an ethical and...

The emergence of a new style of business leadership: Quantum Leadership

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The emergence of a new style of business leadership: Quantum Leadership Leadership is about the action of leading a group of people or an organisation. Organisational structure dictates how work is assigned and managed in a company. Small organisations may have a relatively flat structure, especially newly formed companies. However, a company's organisational structure will become pyramidal in shape as more employees are hired. Typically, a pyramidal structure consists of the following layers from top to bottom: CEO, President, Vice-Presidents, Managers, Team Leaders and Supervisors and employees. While most company structures are pyramidal, companies still use different types of organisational structures. The type of organizational structure a company uses is often contingent on the type of customer it serves. The way companies are run is generally from the top to the bottom layers. Thus, it creates a management structure model that is followed quite widely in today’s ...

The nature of ethics in companies

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The nature of ethics in companies Ethics mean many different things to people as well as enterprises. Fundamentally, ethics can be explained as a set of rules of behaviour based on ideas about what is morally good and bad. Ethics plays an important role today as it is generally used by individuals and enterprises to make a statement about what their code values are. For the business world, ethics are covering all aspects of operations and is relevant to both individuals and entire organisations. They are created by individuals based on their moral stands, by organisation stands or by the legal bodies.   This mixture creates the norms, values, ethical and unethical practices that are used to guide businesses. In the final analysis, they help businesses to maintain a better connection with their stakeholders. One of a great challenge we have with ethics is morality…. For example, is it moral to sell armaments to a ...

General Data Protection Regular (GDPR). Practicalities and Preparation

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General Data Protection Regular (GDPR). Practicalities and Preparation. Summary GDPR. What, Why and When? General Data Protection Regular (GDPR) is new legislation which impose new data security requirements for personal information within the European Union (EU) and is effective from 25 th May 2018. GDPR is primarily concerned with transparency of the intent and purpose of the data that an organisation wants to collect and why, demonstrating privacy is taken seriously by having the appropriate control measures in place, and not holding information where there isn’t a business need or longer than the purpose it was intended for. The impact of this new legislation is wider spread than the EU as it affects organisations globally that may operate within the EU and/or holds personal information about EU citizens without having an EU presence. GDPR applies to public and private sector organisations including not for profit, if you are an organisation that offers servic...