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Showing posts with the label Internet of Things

Knowledge Management and its importance for IoT

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  What is Knowledge management? Knowledge management refers to a series of structured and disciplined steps that a company should take to get the most benefit out of the knowledge it has on hand. In this sense, "knowledge" refers to both the people's experience and understanding as well as the information artifacts, such as records and studies, that are accessible both within the organization and in the outside world. In certain situations, effective knowledge management necessitates a combination of organizational, social, and managerial interventions, as well as the implementation of appropriate technology. (Marwick, 2001) Knowledge Accessibility:   There's the issue of knowledge access. Accessibility is divided into two groups by Nonaka and Takeuchi: tacit and explicit. Yet, according to several texts, there are three levels of accessibility: tacit, implicit, and explicit. Storage media can be mapped to accessibility. As knowledge becomes more available and fo...

Emerging Technologies: FinTech.

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History   FinTech started to evolve in the 1990s when the Internet and E-commerce market models emerged, and by the following years, most banking had been entirely digitalised. After the Global Financial Crisis in 2008, where many people lost trust in conventional banks, security and transparency had been more critical than ever. This change in perspective enabled the development of new customised solutions and regular practices, such as providing access to banking profiles, billing, and money transfer in converted currencies. (FinTech Weekly, 2021)   Definition   The word FinTech has been used in a variety of sectors worldwide, sometimes in unpredictable and vague ways. So far, no effort has been made a shared understanding of the term FinTech. (Schueffel, 2016) Nowadays, researching FinTech definition is challenging itself as there is no standard description of what FinTech is and what essential innovations the word includes. (Marck A, et al., 2019). However, many autho...