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3 Reasons to Buy Palantir, and 1 Reason to Sell – Motley Fool

August 22, 2021 | Author: admin

Palantir's (NYSE:PLTR) stock surged on Aug. 12 after the data mining and analytics company posted its second-quarter earnings. It beat Wall Street's estimates on the top and bottom lines, then provided a rosy outlook for the third quarter that surpassed analysts' expectations.

Should investors consider buying Palantir, which has been a volatile stock since its direct listing last September? Let's weigh three reasons to buy the stock -- against one reason to sell it -- to decide.

Palantir's second-quarter revenue rose 49% year over year to $376 million, beating estimates by $14.5 million and matching its growth in the first quarter. It closed 62 deals worth $1 million or more, gained 20 new customers, and its average revenue per customer rose 19% year over year to $7.9 million.

Image source: Getty Images.

Palantir's government revenue rose 66% to $232 million, while its commercial revenue increased 28% to $144 million. The growth of its government business decelerated slightly from the first quarter, but the growth of its commercial business accelerated significantly.

Revenue Growth (YOY)

FY 2019

FY 2020

Q1 2021

Q2 2021

Government

35%

77%

76%

66%

Commercial

17%

22%

19%

28%

Total

25%

47%

49%

49%

Data source: Palantir. YOY = year over year.

The commercial segment's acceleration counters the bearish argument that Palantir will struggle to expand its commercial business to reduce its dependence on government contracts. Government contracts, the bears often argue, have less long-term growth potential than commercial contracts.

Palantir mainly attributed its commercial growth to the U.S. market. Its U.S. commercial revenue surged 90% year over year, accelerating from the segment's 72% growth in the first quarter of 2021.

Palantir remains unprofitable on a GAAP basis, and its net loss widened year over year in the second quarter, from $110.5 million to $138.6 million.

However, its adjusted gross margin, which excludes its stock-based compensation and other one-time expenses, expanded from 80% to 82%. Its adjusted operating margin jumped from 11% to 31%.

Those expanding margins suggest Palantir has plenty of pricing power in the competitive data mining and analytics market, and that its experience with the U.S. government -- for which it aims to become the "default operating system" -- is impressing large enterprise customers.

Palantir is also profitable on an adjusted EBITDA basis. Its adjusted EBITDA nearly quadrupled year over year to $121.5 million, which boosted its adjusted EBITDA margin from 13% to 32%. Its adjusted earnings of $0.04 per share also beat Wall Street's estimates by a penny.

Palantir expects to generate $385 million in revenue in the third quarter, which surpasses the consensus estimate of $380 million.

It expects its revenue to rise at least 30% "for 2021 through 2025" -- which suggests it could nearly quadruple its annual revenue from $1.09 billion in fiscal 2020 to about $4 billion in fiscal 2025. It also raised its adjusted free cash flow forecast for 2021 from over $150 million to over $300 million.

That confident long-term forecast suggests Palantir's stock might not be as expensive as it initially seems, at about 30 times this year's sales.

Palantir's platform, which gathers data on individuals from disparate sources to make AI-driven decisions, is powerful but controversial.

Palantir's Gotham platform is used by all branches of the U.S. military, as well as government agencies like the FBI, CIA, and ICE. It was even reportedly used to hunt down Osama Bin Laden back in 2011.

ICE uses Palantir's software to track down and report undocumented immigrants in the U.S. That controversial contract sparked protests from activists and Palantir's own employees, while employees at Amazon Web Services -- which hosts Palantir -- called for its shutdown.

Palantir withstood those protests, but it could still face more controversies as investors learn more about its government contracts.

I started a position in Palantir shortly after its direct listing, and sold a third of my shares after it more than tripled during the meme stock rally in January. But I plan to hold on to my remaining shares.

I'm staying bullish on Palantir because it's clearly a "best in breed" player in the data mining, analytics, and security space. Governments will require more of its services to solve domestic and foreign problems, and that hardened reputation will attract a growing number of enterprise customers.

Palantir has set clear goals for the future, and it could easily surpass its 2025 targets as it expands its government and commercial businesses. Those strengths should justify its premium valuation and offset any additional concerns about its more controversial contracts.

This article represents the opinion of the writer, who may disagree with the official recommendation position of a Motley Fool premium advisory service. Were motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

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Bitcoin miners earn over 50% total revenue mining 2GB block on the blockchain – ZDNet

August 22, 2021 | Author: admin

By Olivier Le Moal shutterstock

Bitcoin SV (BSV) and Bitcoin Association confirmed this week that a 2 gigabyte (GB) block was mined on the BSV blockchain public network.

This is the largest block to date to be mined on a public blockchain, according to the Switzerland-based digital currency organisation. The block 700606 was recorded on August 16, 2021 at 15:20:11 (UTC), and contains 1,999,941,397 bytes of data.

This block earned the winning miner more in transaction fees than was earned from the current 6.25 coin Bitcoin block reward. Miners compete to mine a block and, if successful, receive a fixed subsidy, 6.25 coins in addition to the transaction fees for the mined block.

Larger blocks can contain more transactions (this particular block contained 5,869 separate transactions), with each network transaction paying a small fee to have the block mined.

The larger the block, and the more transactions in it, the larger the fee for the miner. In May 2020, the number of new Bitcoins entering circulation dropped by half meaning that the expected revenue from each block also drops by half from 12.5 to 6.25 coins.

As each halving event happens approximately every four years, the expected block revenue will be cut in half, eventually reducing to near-zero. Growing the transaction fee revenue will offset the decline in revenue from the block reward.

Earlier in August 2021, the BSV blockchain mined five 1GB blocks, showing that large blocks can exist and be mined on the blockchain public network and not solely in isolation in a test lab.

Miners have raised their block size 'hard cap' limits to mine more and more of these larger blocks. Large blocks such as this 1.247GB block have been mined earning transaction fees (6.33 coins) that are higher than the fixed subsidy amount (6.25 coins) for the block, and giving a total reward for the miner of 12.58 BSV.

The appearance of another large (1.737GB block) shows that similar-sized blocks are starting to appear on the public blockchain. Blockchain-based identity protocol users of MetaID and applications such as ShowBuzz, upload larger-size image files to the blockchain and need larger blocks to operate.

What type of data the block contains is irrelevant. Data might include large video files, raw metadata or even pictures of cats.

The block size is the key factor here, and the transaction fees, now at more than the block's total reward for blocks this size, show that the landscape is changing towards transaction-rich blocks on the blockchain. A quick scroll down the list shows several blocks over 100MB being mined by different miners.

Miners earn fees for every transaction contained in a block, so as the transaction fee revenue increases over time it will compensate for the decreasing fixed subsidy amount.

If you are interested in the economics of how this works, see this explanation showing why the economics of network transaction fees are important.

Technical Director of the Bitcoin SV Infrastructure Team Steve Shadders said: "On the BTC network, it took years of Bitcoin scaling battles to get nowhere and remain restricted at 1 megabyte blocks that can handle 7 transactions per second."

"On BSV, it took less than a week for miners to see value in opening the door to 2 GB blocks. While this sounds big, we are really just getting started on our journey towards terabyte 1 million megabyte sized blocks so that BSV can process millions of payment and data transactions per second."

Users are starting to demand greater data capacity and miners want to to generate greater fee revenue, so expect to see more and more gigabyte-sized blocks appearing on the public blockchain.

Being able to transact large blocks and increase throughput to thousands of transactions per second will encourage enterprise adoption.

Imagine scenarios as diverse as fast moving consumer goods (FMCG) organisational asset tracking, music or film library storage with user download and tracking, or IoT data warehousing for consumer products.

There is even scope for an integrated healthcare system that can store all patients entire healthcare history and prescription records throughout their whole lifespan all stored permanently as immutable data on the blockchain, owned by the patient themselves.

Scaling Bitcoin with bigger blocks containing more transactions and data, and minimising transaction fees will ensure that ordinary users of the blockchain will use it for everyday activities and contribute to its everyday adoption and ultimate growth.

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Bitcoin volatility will drive investors back to gold, says mining firm chairman – CNBC

August 22, 2021 | Author: admin

Wild swings in cryptocurrencies will eventually drive bitcoin investors to return to gold, says the executive chairman of gold mining firm Evolution Mining.

Jake Klein said bitcoin still has a "long way to go" before it demonstrates the kind of "longevity and security" that gold has proven to offer investors over the last 70 years.

Cryptocurrencies are "running a massive amount of speculative money," he told CNBC's "Squawk Box Asia" on Thursday.

"I think that the volatility in the crypto space is going to ultimately lead to people coming back to gold," Klein said.

Gold prices fell last week, and analysts say they will likely drop further. Hedge fund manager David Neuhauser told CNBC earlier this week that the decline in gold prices is a "massive buying opportunity" for investors now.

Still, Klein said the two can coexist there are opportunities for gold to "sit alongside" bitcoin, as opposed to bitcoin posing a threat to the precious metal.

Bullish investors view bitcoin as digital gold and a hedge against inflation, expecting the cryptocurrency to appreciate over time.

American investor Tyler Winklevoss, who founded Winklevoss Capital Management as well as Gemini cryptocurrency exchange, said last year that "bitcoin is gold 2.0" and that it will disrupt gold.

Billionaire investor Kevin O'Leary said in April that "bitcoin will always be the 'gold.' Ethereum will always be the 'silver.'"

However, there are also other investors who disagree.

Hedge fund manager Ray Dalio, despite owning an undisclosed amount of bitcoin, said earlier this month: "If you put a gun to my head, and you said, I can only have one, I would choose gold."

Bitcoin topped $48,000 over the weekend the highest level since May. As of Thursday morning during Asia hours, however, it pared some gains to last trade above $44,000, according to CoinDesk data.

The weekend spike followed a sell-off in June and July, when bitcoin fell below $30,000.

Gold prices have also been swinging between gains and losses this year. From levels above $1,900 in January, prices fell to above $1,700 in March.

In June, the precious metal spiked to nearly $1,900 again, before paring gains to trade above $1,700 in August.

CNBC's Arjun Kharpal and Jade Scipioni contributed to this report.

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If youre a little vague about big data and what it means, this package will clear it all – Illinoisnewstoday.com

August 22, 2021 | Author: admin

Netflix big data NS Save, manage and optimize terabytes of viewer data every day. AccuWeather uses it Create AI-powered forecasts..And Etsy takes advantage of big data Take advantage of machine learning In the balance between commerce and community building. Large companies are already leveraging the benefits of data collection and analytics to drive their businesses, but small businesses are also increasingly taking advantage of these features.

In training at 2021 Big Data Certified Super Training BundleLearners can delve into data analysis phenomena themselves and become a source of real-world understanding of this groundbreaking new realm.

Data science is the future and filled with over 113 hours of training, this 15-course package uses powerful new tools to organize and interpret your data and see what those numbers really mean. Guide all students through the process of knowing how to know.

Since the Python programming language is the foundation of todays data science, this bundle begins with a few courses to help users become accustomed to this versatile coding discipline.When Python details for data science When Python data scienceFirst-time coders will understand the basics of programming with Python and then use major tools such as NumPy and Pandas to better organize and process all their data.

From there, mass data analysis begins with training at Data science for beginnersDive deeper into concepts such as data mining, libraries, datasets, and APIs. Here youll also find out how machine learning works and experience using GitHub. This makes it easier for teams to collaborate on the same data without conflict.

That data science path is further deepened by digging into some of the more specialized tools in analyst trading, such as Hadoop, Spark, and Storm to use data faster and more efficiently. ..

Each course in the 2021 Big Data Certified Super Training Bundle costs $ 200 individually, but all 15 courses are now much cheaper to use. Only $ 59.99 and about $ 4 per course..

If youre a little vague about big data and what it means, this package will clear it all

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How agile methodologies can boost the digital transformation of the mining industry – BNamericas English

August 22, 2021 | Author: admin

As digital transformation gains ground in the mining industry, new ways of working are being developed to quickly create and implement successful solutions.

BNamericas interviewed Matas Corrales, CEO of Kolossus, a Chilean company that develops solutions to improve production processes using agile methodologies and collaborative work, to learn how this is applied and how it benefits the industry.

BNamericas: Is it possible to achieve greater effectiveness in project execution within the mining industry by going beyond digital transformation?

Corrales:Yes, through agile methodologies such as Scrum, 100% project effectiveness can be achieved.

The mining industry and its suppliers are used to developing long-term projects delivering a solution after 12 months of work, but with agile methodologies we build the solution jointly with the client and results are delivered every month.

BNamericas:Do you think that the Chilean mining industry 4.0 roadmap has helped clients trust in agile methodologies?

Corrales: Yes, although this is just starting, the 4.0 roadmap gave it a boost.

The industry currently generates a lot of data, but sometimes they dont know what to do with it. Its necessary to generate more data management, do data mining as well as develop strategies to access the data efficiently and instantly.

BNamericas:But large-scale mining is already working on that ...

Corrales:Yes, but not medium-sized mining. There they continue to make decisions 30 days apart. They dont get instant information like large companies do.

BNamericas: How do you guarantee data security?

Corrales:A year ago cybersecurity became more important. We dont believe in datacenters, because having a rack full of processing equipment is very expensive and doesnt have the same processing capacity as a global datacenter such as Amazon, Huawei, Google or Microsoft, for example.

Back then we used to build that security, we built telecommunications equipment, we had firewalls, virtual private networks and we believed it was secure. Now we work with a virtual security that has several layers before reaching your data.

Now were talking about how you treat that data securely.

BNamericas: Within the mining process, where can agile methodologies be applied?

Corrales: The first thing is to collect the data and then manage it efficiently to reduce costs, prioritize workers safety as well as improve training through e-learning, for example, which also helps to deconcentrate and fast-track the delivery of certifications.

BNamericas:Within the mining industry, are digital transformation projects driven solely by the productive areas?

Corrales:I would say that the human resources areas are the ones promoting more projects in order to facilitate controls and compliance with regulations.

The production and maintenance areas are super important, but its very difficult to convince managers to implement changes because they already have their processes structured.

BNamericas:Are there any obstacles for the development of these methodologies within the industry?

Corrales:In Chile, its difficult to convince companies to switch to virtual infrastructures.

In mining it happens that clients ask to see a Gantt chart with dates for each execution, but in agile methodologies theres no Gantt chart, we work with user logs, its a continuous process and with deliverables.

Its difficult to convince them that datacenters are not as effective as the cloud.

BNamericas: Is migrating to agile methodologies cheaper?

Corrales:Its cheaper, but you must break paradigms. Ill give you an example. You invested millions of dollars in a datacenter, and although the monthly maintenance cost isnt high, as technology advances you have to renew some equipment.

By migrating to agile methodologies, I do a monthly investment in having the cloud available to handle large amounts of data.

Back then, I used to spend a lot of money in the long term and only 30% of projects involving new technologies worked. Now the expense is monthly, but in the long term its less [expensive] and more successful than traditional processes.

BNamericas:Are you currently developing any solution for large or medium-scale mining companies in Chile?

Corrales:I cant mention companies or processes, but were developing some focused on the control of human capital. Not only the training of human capital, but how they enter, move within and leave the mine.

Photo credit: Kolossus

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How algorithms are going to change the way you buy and sell stocks – Economic Times

August 22, 2021 | Author: admin

Evolving at a rapid pace, technology is quickly changing the way we trade in the stock market. Especially in the trying times of Covid-19 pandemic, technology has thrown open many opportunities, including a new upcoming generation of traders who are considering trading as a full-time career. One such technology that has revamped stock market trading is algorithmic trading, which has accommodated traders with competitive edge to better their skills and stands poised to outstrip traditional trading methods in future.

Algorithmic trading was introduced and allowed in India in 2008 by the Securities and Exchange Board of India (Sebi). Initially, it started with Direct Market Access (DMA) and was restricted to institutional investors only, but due to the cost advantage and better execution, the trading community welcomed it with open arms. Exchanges has also played an important role in its adoption by offering co-location server 'racks' on lease to broking firms in June 2010, to improve trading speed and align with international markets.

Decoding algorithmic tradingAlgorithmic trading refers to the use of programs and computers to generate and execute (large) orders in markets with electronic access. It generates speed and frequency that is impossible for a manual trader to achieve. Algorithmic trading strategies involve making trading decisions on the basis of pre-set rules that are programmed into a computer. A trader or investor writes code that executes trades on behalf of the trader or investor when specified conditions are met.

The pre-set rules are generally based on timing, price, quantity, or any mathematical model. Apart from profit opportunities for the trader, algo-trading renders markets more liquid and trading more systematic by ruling out the impact of human emotions and errors on trading activities.

Since algorithms are written beforehand and are executed automatically, the main advantage is speed. Besides, it promotes features such as automation, eliminates human intervention and emotions, minimizes slippages, allows flexibility and promotes ease of use, provides extensive data mining and explorations, and safeguards and warning systems against most common human errors.

Also, risk management in algorithmic trading allows setting limits at multiple levels. While some risks associated with technology and capital will still remain, the rewards far outweigh the risks.

The future possibilities of Algo tradingAlgorithms are nothing but a brainchild of human beings. It can work on all possibilities that a human mind can think of. Algo strategies are designed taking into consideration market behavior, including volatilities and uncertain conditions. It is important to understand the strategy and deploy it as per market condition with the help of back-testing and simulation tools. Algo trading allows switching from one strategy to another depending upon market conditions.

With the use of latest technology tools such as artificial intelligence and machine learning, and use of big data, Algo trading is poised to further revolutionize trading. In the developed markets currently, the share of algorithmic trading in volume terms stands around 70-80 per cent, while in India it is approximately at 50 per cent. In the coming years, Algo will capture market share in excess of 95 per cent with volume growing many folds. So the future of trading is Algo and Algo is the future.

(The author is Alternate President at Association of National Exchanges Members of India or ANMI. Views are his own)

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Tech billionaire Alex Karp gives $180k to ousted hermit River Dave – Concord Monitor

August 22, 2021 | Author: admin

Published: 8/19/2021 2:54:55 PM

River Dave will be able to build a new home thanks to an unexpected benefactor: Palantir Technologies CEO and billionaire Alexander Karp, who gave former hermit David Lidstone a personal check for $180,000 last week.

Jodie Gedeon, a kayaker friend of Lidstone, announced the donation on a Facebook group for Lidstones supporters. Gedeon said a lawyer representing Karp delivered the check on Aug. 11. The money will be used to build a new home for Lidstone, after the cabin he built along the Merrimack River burned down weeks ago amid a property dispute.

Lisa Gordon, a Palantir spokesperson speaking on Karps behalf, confirmed the donation but declined to comment further. Karp lives in New Hampshires Grafton County.

How can I express myself and my gratitude towards something like that? I start to tear up whenever I think about it, Lidstone said. For an old logger who always had to work, for anyone to give you that type of money, its incredibly difficult for me to get my head around.

The money will go towards rebuilding elsewhere, Gedeon said. Right now we set up a trust for Dave and its going to be utilized to build him a new home. We have this temporary house set-up for the winter but were not going to be able to build until spring, Gedeon said. She said they are keeping the location of Lidstones winter digs private.

After he was jailed on July 15 for refusing to leave the Canterbury land where he was squatting, Lidstone has received an outpouring of support and offers for help. One potential space for him to rebuild is on a nearby property owned by the congregation of the Concord Friends Meeting.

Karp co-founded data mining company Palantir Technologies in 2003. The company, which received early funding from the CIA and makes software used by governments and businesses, received criticism for working with U.S. Customs and Border Enforcement during the Trump administration. Forbes puts Karps net worth at $2.2 billion.

I truly believe its in Mr. Karps nature to do this, Gedeon said. He is a sincere person cares about others. He has humanity; he does the right thing.

On Saturday, Lidstone and friends will celebrate the donation and his homecoming after his stint at Merrimack County Jail at a party at the home of friend Tom Dunne. The public event will be held at 1 Melvin Mill Road in Warner from 10 a.m. to 5 p.m.

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IoT Analytics Market Size to Reach USD 58.4 Billion by 2025 at 30.9% CAGR – GlobeNewswire

August 22, 2021 | Author: admin

New York, US, Aug. 18, 2021 (GLOBE NEWSWIRE) -- Market Overview: According to a comprehensive research report by Market Research Future (MRFR), Global IoT Analytics Market information by Deployment, by Components, by Analytics Type and Region forecast to 2025 market has been esteemed at USD 9.1 billion in 2018 and required to develop at a CAGR of 30.9% by 2025, to arrive at USD 58.4 billion by 2025.

IoT Analytics Market Scope: The global IoT analytics market is witnessing vast demand. The rising demand for simple-to-use AI capabilities to get more value from IoT data drives the market growth hugely. IoT analytics infrastructures help in making sense of collected data. IoT analytics also takes care of harvesting and processing massive data volumes, data mining and building ML solutions by involving data storage capacities for structured and unstructured data.

Rising uses of instant ML technology and industrial IoT as a service solution to leverage IoT data and generate new insights without the need for complex model training and management create a substantial demand for IoT analytics. With advancements in technologies and digitization, there is a growing need to have IoT analytics platforms incorporated into every business system.A large number of manufacturing companies have already embraced industry 4.0 regulations, which define the growing landscape of IoT analytics.

Dominant Key Players on IoT Analytics Market Covered Are:

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Market USP Exclusively Encompassed:IoT Analytics Market DriversIoT technology is being increasingly implemented into complex industrial environments as part of digital transformation strategies. Manufacturing sectors' efforts to increase productivity across the value chain by streamlining operational efficiencies impact market growth positively. Additionally, rapid developments in industrial IoT solution environments, data analytics at the edge, remote health care, and robotics are major trends boosting the market size.

Domains such as facility remote monitoring, digital health, and connected, smart environments would continue to develop due to social distancing and health requirements. This, as a result, would benefit the IoT analytics market, ushering in greater human augmentation in work.

Connected devices would continue to define numerous industries in the coming year as basic health-and-safety needs as COVID-19 continues to take center stage. Furthermore, data-intensive experiences that IoT devices like self-driving cars and wearable devices are other trends projected to continue to garner momentum, fueling IoT's prominence.

With the COVID-19 crises expected to extend beyond 2021 and social distancing requirements bolstering remote work, the need for distributed computing resources close to devices and users and away from centralized locations such as the office, a data center and the cloud would be increased. These edge resources away from centralized clouds, particularly as employees continue to work from home, patients use digital health resources, and factories use more remote monitoring and automation.

Browse In-depth Market Research Report (141 Pages) on IoT Analytics Market:https://www.marketresearchfuture.com/reports/iot-analytics-market-1757

Segmentation of Market Covered in the Research:The IoT analytics market is segmented into analytics types, components, deployments, applications, organization size, industry verticals, and region. The analytics type segment is sub-segmented into predictive analytics, prescriptive analytics, and descriptive analytics. The component segment is sub-segmented into software and services.

The deployment segment is sub-segmented into on-premise and on-cloud. The application segment is sub-segmented into energy management, predictive maintenance & asset management, inventory management, security & emergency management, and others.

The organization size segment is sub-segmented into large enterprises and SMEs. The industry vertical segment is sub-segmented into manufacturing, retail & eCommerce, government & defense, healthcare & life sciences, energy & utilities, and others. The region segment is sub-segmented into Asia Pacific, Americas, Europe, and rest-of-the-world.

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Regional AnalysisNorth America is estimated to continue to dominate the global IoT Analytics market. The strong presence of major IoT analytics providers, alongside the proliferation of 5G, IoT technology, IoT analytics sensors, and IoT analytics security privacy, would drive the growth of the market in the region. Besides, increased demand for IoT analytics from major industry verticals and highly reliable Internet connectivity in this region would boost the market growth.

Europe is the second-largest market for IoT analytics. The market growth is driven by the rising adoption of 5G-enabled IoT systems across the manufacturing sector. Additionally, the rapid adoption of smart connected devices and the presence of key technology providers contribute to the market growth in the region.Also, substantial R&D investments to advance IoT infrastructure and essential network connectivityinfrastructure propel the regional market growth. Vast developments in the automotive sector, such as driverless vehicles, advanced driver assistance systems (ADAS), boost the market demand.

Asia Pacific has emerged as a profitable market for IoT analytics solutions globally. High R&D investment and increasing focus on improving internet connectivity in the region are key factors estimated to influence market growth.

Furthermore, factors such as technical expertise, the strong presence of key players, and increased industrialization would foster the market's growth. Moreover, the rising demand for IoT Analytics services in emerging countries such as South Korea and Japan is likely to boost the region's IoT Analytics market share during the assessment period.

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COVID-19 Impact on the Global IoT Analytics MarketThe COVID-19 outbreak has impacted IoT analytics positively. The pandemic fostered automation, digitization, and industrial internet of things (IIoT), needing robust IoT analytics to counter increasingly complex opportunities. The IoT analytics market witnessed a constant uptick over the past few months. Besides, technology providers are making substantial investments to foster R&D activities to improve IoT services.

In 2021, the market is expected to witness continual growth due to the major emphasis on developing more comprehensive technologies. Many organizations would prioritize investments in IoT analytics due to stricter data privacy laws for consumer protection that regulatory bodies would impose beyond 2021. This would also boost investments in confidential computing, the virtual private cloud, and other security infrastructure.

Competitive Analysis:The IoT analytics market is expected to witness significant product launches and several strategic approaches, such as expansion, collaboration, mergers & acquisitions, and product launches. Mature industry players also make significant investments in research and development activities and expansions.

For instance, recently, on April 9, 2021, Glassbeam announced its partnership with Deloitte to meet the most urgent business needs of customers in the healthcare IoT analytics sector. This strategic ecosystem relationship is expected to drive rapid change in the healthcare IoT analytics sector, helping caregiving organizations to gain a higher return on assets.

About Market Research Future:Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

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5 mins with… Mark Day, iRhythm – Healthcare Global – Healthcare News, Magazine and Website

August 22, 2021 | Author: admin

Mark Day is Executive Vice President of Research & Development at iRhythmTechnologies, a company that has developed an FDA-cleared deep-learning algorithm for classifying diverse heart rhythms. We caught up with Mark who told us why he believes AI and human intelligence is the best combination for improving healthcare.

In which areas of healthcare is AI making the biggest difference already?AI is revolutionising healthcare in areas where data drives clinical insight. This dynamic is particularly prevalent in diagnostics, where medical imaging was the first area to be transformed by AI, due to an initial focus of AI research on image analysis. More recently, AI has rapidly gained adoption in everything from drug discovery to iRhythms focus area, ambulatory cardiology monitoring.

For years, clunky Holter monitors have been used for arrhythmia monitoring. These monitors have low patient compliance and are woefully inadequate in identifying, diagnosing, and managing the most common and deadly arrhythmias.

Now, new innovations on the market are redefining how cardiac arrhythmias can be clinically diagnosed by combining wearable biosensing technology with cloud-based data analytics and AI-based algorithms to bring dependable and easy remote monitoring to the wider population.

How can AI be used to improve diagnosis and screening for cardiac diseases?AI brings accuracy and efficiency gains for patients and providers at scale. Often, an arrhythmia causing patients symptoms can be as short as four heart beats, or even two beats in a case where extended time between them is considered a clinical pause. Given that a typical heart beats 1.5 million times in two weeks, finding these significant events is a needle in a haystack kind of problem perfectly suited for AI.

iRhythm, for example, has collected over 750 million hours of curated heartbeat data, creating the largest repository of labelled ECG patient data in the world. This allows for expanded training of deep-learned algorithms across a larger database, resulting in enhanced diagnostic accuracy and better quality assurance.

Can AI help patients take greater control of their own health?AI is transforming the delivery of care, and therefore enhancing patients' entire healthcare experience. Wearables, for example, play a critical role for patients looking to take care into their own hands. AI technology allows wearables to improve diagnostic insight without sacrificing convenience. When patients have tools to continuously monitor their health, they're able to better manage their conditions and own aspects of their healthcare journey.

What steps can be taken to prevent bias in AI?To be clear, bias in AI comes from the data used to teach an algorithm, not from the technology itself. Training data needs to be clean and free of bias. AI researchers should work to ensure datasets are both reflective of the intended population and that they were collected in a manner untainted by bias.

Where do you predict AI will have the greatest impact next?To date, most AI healthcare solutions have delivered value by analysing collected data, which is to say by providing insight into the past. Prediction of the future will be the next frontier of AI.

In healthcare, a key problem is determining who is at risk so prevention can be used to limit illness. Data mining patients EHR records alone will not suffice rather, assessing all possible elements to identify whos at risk of a serious health event and ensuring identified patients get the proper preventative medical care before that can happen.

AI is an incredibly powerful tool to sift through expansive datasets and uncover previously hidden relationships. For example, previous conditions, genetics, drug use, if theyve had an ECG, if theyve had Covid-19, and everything else in between can be used by AI to identify risk and inform prediction.Predictive AI will be transformational the ability to take disparate data and have AI identify trends and anticipate outcomes will change the trajectory of our lives.

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5 mins with... Mark Day, iRhythm - Healthcare Global - Healthcare News, Magazine and Website

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The Legal Regulations And Perspectives Of Cryptocurrency In Kazakhstan: Opportunities Of The Astana International Financial Centre For Chinese Crypto…

August 22, 2021 | Author: admin

In light of the sudden changes in the crypto mining situation inKazakhstan with the restrictions on Bitcoin computational processesby the Chinese government that escalated into the recent strictmeasures implemented in June 2021, Kazakhstan's bitcoin mininghas dramatically surged into third place on the global market.

In order to further its advantage on the global mining market,Kazakhstan has started its actions towards the creation of relativeadvantages in mining conditions while also maintaining closecontrol of the situation.

In this article, we would like to describe the recentdevelopments in the legislation of the Republic of Kazakhstan onthe matters of cryptocurrency and digital mining, as well as toshed the light on the opportunities of registering in the AstanaInternational Financial Centre ("AIFC") for foreigncrypto miners.

It is important to draw your attention that the legal regulationof cryptocurrency and digital mining is still in the process ofdevelopment in the Republic of Kazakhstan, and this article as ofthe date of publication is solely based on the recent developmentsand current legislation of the Republic of Kazakhstan.

1.1. The AIFC as an international hub for development of thedigital asset market

The AIFC is a financial hub located in the Republic of aKazakhstan. It is a special territory defined by the ConstitutionalStatute of the Republic of Kazakhstan. The main objective of theAIFC is to ensure a friendly ecosystem for foreign investments andsecure independent regulation. This special territory operates onCommon law framework secured by the independent Court headed byChief Judge Lord Mance and other British judges.

Since its establishment in 2017, the AIFC became a centre ofattraction for crypto mining companies, which was facilitated by anofficial legalization in 2020. For instance, such large players asBitfury, Powerry, Minebest and others registered their legalentities in the AIFC jurisdiction to guarantee the Rule of Law.

1.2. Climate

Kazakhstan possesses a considerable amount of cheap electricityin Central, Northern and North-Western regions and has a sharplycontinental climate characterized by a cold and windy weather,which are one of the main fundamental conditions for data centersand mining farms operation.

Miners have an opportunity of benefitting from favorable weatherconditions, cheap electricity and legal status by opening legalentity in the AIFC and operating data centers in Kazakhstan orcontracting mining hotels for hosting.

1.3. Legal status

In July 2020, Kazakhstan officially recognized Bitcoin as adigital asset that could be accounted as any other commodity. TheAIFC Fintech rules allow establishment of crypto exchanges andbuilding other regulated activities based on digital assets.

1.4. Developments in the regulatory regimes for digitalassets and mining

The significant improvements in Kazakhstani regulatory regimesfor mining and digital assets were achieved. As such, thelegislation of the Republic of Kazakhstan established a legalregime for mining and cryptocurrency. To date, there are 17 miningfarms that currently officially operate in the territory ofKazakhstan.

At present, the Ministry of Digital Development, Innovation andAerospace Industry of the Republic of Kazakhstan together with theAIFC and the Kazakhstan Association of Blockchain and Data CenterIndustry are in the stage of drafting the blockchain technologiesand crypto industry regulations that would allow to achieve thesmooth operation of crypto exchanges in the AIFC territory.

In addition, due to the increased demand from mining companies,in 2021, certain amendments to the Tax Code were presented with theintroduction of a tax for digital mining in the amount of 1 tenge(0.00232 USD) per 1 kW/h from January 1, 2022. This legislativedecision should not be interpreted as an obstacle for the newminers migration to Kazakhstan, but rather as another step towardslegalization of crypto mining and data centers (mining farms),which is considered as a necessary measure taking intoconsideration the restrictive control over miners around theworld.

As such, in order to obtain a special permit or license to carryout digital mining in the Republic of Kazakhstan, the following hasbeen established:

To point out, Kazakhstani legislation does not have any rules orrestrictions governing operations with hash rates. Therefore,operations with hash rates are legal in Kazakhstan.

However, please kindly note that Kazakhstani legislationcharacterizes cryptocurrency as a form of property, not a financialinstrument or means of payment. The Kazakhstani law prohibits theissue and circulation of cryptocurrency in Kazakhstan.

1.5. IT park Astana Hub for Bitcoin miningactivities

The AIFC has established the IT park for Bitcoin miningactivities providing 0% tax regime (CIT, VAT, salary taxes 0%)fordata centers who registers and resides in the IT park Astana Hubunder the premises of the AIFC (only royalty of 1% of the annualturnovers has to be paid).

1.6. Aspects of electricity price and the percentage of cleanenergy

While establishing a legal status to data mining is a crucialand vital element for attraction of new investors, the lowelectricity prices in Kazakhstan areone of the mostsignificant factorsin this regard.

Since cryptocurrency mining farms consume considerable amountsof electricity and bitcoin mining rewards decreased by 50 percentin May 2020, finding cheap sources of power is particularlyessential. Besides being cheap, Kazakhstan's electricity pricesare not subject to high volatility and mostly remain stable duringthe year in comparison to prices in China that are subject toregular seasonal changes.

Uninterrupted availability of electricity in Kazakhstan is alsoanother reason that makes it one of the most appealing destinationsfor data mining. Consequently, one of the world's biggestmining centers managed by Enegixcompany is planned tobe opened inEkibastuz, Kazakhstan.

To date, there are 116 power facilities that produce renewableenergy in the Republic of Kazakhstan, with an installed capacity of1685 MW, which accounts for 3% of the total electricityproduced.Since there is no need for electricitytransportation and storage, most electricity consumption comes fromthe mining industry allowing to rapidly develop theindustry.Construction regulations and experienced contractorscan assist miners to set up a turnkey mining farms within 3-4weeks.

Kazakhstan intends to increase the share of renewable energy intotal electricity production to 6% in 2025, to 10% by 2030, and by2050, alternative and renewable energy sources should account forat least half of all energy consumption according toKazakhstan's obligations on Low-carbon and Climate-sustainableDevelopment under the Paris Agreement. At present, around 20% ofenergy is a natural gas, which is cleaner than coal, since gasmainly is a by-product of oil extraction.

Furthermore, apart from 0% tax regime for crypto miners and amild construction regime for mining farms construction, Kazakhstanhas a very reliable power grid system operating on several reservesources of energy.

1.7. Opportunities for Chinese crypto miners

The Chinese authorities prohibit crypto miners to make exodusfrom China, but Chinese miners often inquire our Team onregistration and relocation issues in the AIFC. There are severallisted mining firms that are already operating and could be checkedthrough the economic activity codes of the registered legalentities: 62032 information and communication equipmentmanagement activities, 63111 hostings and relatedactivities.

1.8. Government support

Although this new field has generally been welcomed, the noveltyof the industry as well as the lack of a clear and determinedregulatory environment led to uncertainty within some governmentagencies towards security and viability of the cryptocurrencymarket.

However, nonetheless, the recent developments inKazakhstan's crypto industry proved otherwise, and as wasindicated earlier, in 2020, the new amendments to the legislationof legitimized mining and digital technologies wereestablished.Suchkey definitions as"cryptocurrency", "digitalasset", and "digital mining" were alsoinitiated into the Law of the Republic of Kazakhstan "OnInformatization".In addition, this Law stipulatesthat onlyasset-backed cryptocurrencies can legally operate inKazakhstan, except in cases that will be introducedlater.Therefore,although unsecured cryptocurrencies arenot officially legal, it is still not clear whether the governmentwill impose a complete ban on unbacked digital currencies such asBitcoin.

In general,the current developments signals the interestof Kazakhstan in this industry, which could be seen intheestablishment ofthenewlegal regulationthat provides a clearer legal framework for the circulation andoperation of digital assets and legitimized mining. As part of thevision of Kazakhstani government, this was initiated with theaim of attracting high-tech industry investments for promotion ofeconomic growth and diversification.

1.9. Bank Accounts for Cryptocurrencyin Kazakhstan

The Kazakhstan Association of Blockchain and Data CenterIndustry informed that crypto exchanges registered in the AIFCmight shortly start operating with local banks which would allowtheir clients to openly and officially work with cryptocurrency.Such an opportunity is planned to be realized after the launch ofthe pilot project of the AIFC with second-tier banks.

According to the intended outline, in order to get on the cryptoexchange, an investor is required to be the legal account'sowner in one of the banks registered with the AIFC. From thisaccount, the entrepreneur will have the opportunity to buy acryptocurrency, transfer money, and carry out various operationswith it on the exchange market.

The AIFC pilot project is estimated to last for one year for thepurposes of Kazakhstani government to assess and evaluate thebenefits and risks of digital assets. Although the circulation ofdigital currency in Kazakhstan is currently prohibited, it isprojected that the ban on cryptocurrency in Kazakhstan might becomeless categorical or might even be cancelled after the successfulcompletion of the pilot project.

1.10. Kazakhstan doubles mininginvestment1

Kazakhstan is planning to double its digital currency mininginvestment, and is continuing to develop its central bank digitalcurrency (CBDC). The feasibility and opportunity of introduction ofthe CBDC tenge by the Central Bank of Kazakhstan is currently beingdemonstrated, and the AIFC intends to assist in a trial andestablishment of a legitimate ground for Kazakhstan to implementits digital currency.

The AIFC's covenant includes smart contract, cryptocategorizations, and digital wallets. Kazakhstan earlier hasalready developed a way to store cryptocurrency and distribute itto normalize the procedures via a proficient platform. In June2020, Kazakhstan adopted a development plan for blockchain anddigital technology.

We believe that our specialists' experience and knowledgemay be of great help to the organisations that are planning toregister in the AIFC. The registration of the company in the AIFCtakes about 3-5 business days upon the preparation and receipt ofall necessary documents.

ServicesOur team has an extensive experience in provision of legal serviceson the registration of a company in the Astana InternationalFinancial Centre (AIFC), including all post-registrationservices.Once the company is registered, we will be happy to act as a legalcounsel in connection to its ongoing activities in the Republic ofKazakhstan. Contracting for hosting could also be done with theassistance of our Team through the AIFC, which operates as a"one stop shop" for foreign investors.About GRATA International

GRATA International is the largest independent Kazakhstani lawfirm, and one of the leading law firms in Central Asia and theCaspian Region. GRATA has provided a wide range of legal servicesin these regions for almost 30 years.

250 professionals in 19 countries advise major international andlocal ?rms, funds, banks, insurance ?rms, construction companies,mining and crypto mining companies, airlines, light and heavyindustry companies, telecoms, pharmaceuticals and others.

GRATA International is recognized as one of the leading law ?rmsin all jurisdictions where it operates by major international legalranking agencies: The Legal 500, Chambers Global, ChambersAsiaPaci?c, IFLR1000, Who's Who Legal, Asialaw Pro?les andaward of China Business Law Journal.

Footnote

1 http://www.asiatimes.com

The content of this article is intended to provide a generalguide to the subject matter. Specialist advice should be soughtabout your specific circumstances.

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The Legal Regulations And Perspectives Of Cryptocurrency In Kazakhstan: Opportunities Of The Astana International Financial Centre For Chinese Crypto...

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