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Binance withdrawals spike to $1.4B in 24 hours amid continued executive departure and regulatory struggles – CryptoSlate

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REPORT | Binance Loses Market Share from 75% in 2022 to 54% in … – bitcoinke.io

Binance, the leading crypto exchange globally, has experienced a significant decline in its market dominance compared to international competitors that do not provide support for the United States dollar in 2023, according to data gathered by the Block Research.

In 2022, Binance concluded the year with a 75% market share within an analysis of platforms that includes prominent Asian participants such as Upbit, Huobi, Bybit, and OKX. Nevertheless, this percentage experienced a consistent decline over the course of the year, reaching 54% in August 2023.

Partial data for the month of September 2023 indicates that Binances market share is on track to decrease even further, potentially dropping below 51%, the researchers said.

The worlds largest exchange has faced a challenging year [2023] in terms of regulatory issues, particularly in the United States, where it has been subjected to lawsuits from both the Securities and Exchange Commission and the Commodity Futures Trading Commission.

Furthermore, it has attracted regulatory attention in other parts of the world, notably in France, where it is currently under investigation, and it has opted to withdraw completely from certain markets, including The Netherlands.

In June 2023, the Securities Exchange Commission in Nigeria declared the exchangess operations in the country illegal, despite denials from Binance.

Binance Nigeria Limited is neither registered nor regulated by the Commission and its operations in Nigeria are therefore illegal. Any member of the investing public dealing with the entity is doing so at his/her own risk.

The decline in market share for Binance coincides with a broader decrease in trading volumes across the industry. In August 2023, spot trading volumes across all exchanges amounted to only $423 billion, marking the lowest figure observed since 2020.

This comes as decentralized exchange, Uniswap, strengthens against centralized exchanges. In Q2 2023, Uniswapfacilitated approximately $110 billion worth of trades in the second quarter of 2023, $20 billion more than the $90 billion Coinbase handled during the same period.

The CEXs appear to have faced a more difficult time in the bear market with Coinbase spot trading activity declining 83% from around $540 billion in the fourth quarter of 2021. In contrast, Uniswaps trading volume decreased by 50%, going from $235 billion during the same period.

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Five Things to Know in Crypto This Week: Crypto ETFs, Ripple, and Binance Grab the Headlines – FX Empire

Fake News and Optimism Toward a BTC-Spot ETF Approval

Fake news hit the crypto news wires on Tuesday, sending BTC to $30,127 before returning to sub-$30,000. Investors responded to the fake news of the SEC approving the Blackrock (BLK) BTC-spot ETF. Blackrock addressed the fake news, stating that the iShares Bitcoin ETP application was still under review.

While fake news hit the markets on Tuesday, anticipation of the SEC approving BTC-spot ETF applications grew on Friday. BTC revisited the $30,000 handle before ending the day at $29,698.

Fidelity and Grayscale filed amended BTC-spot ETF applications, raising the market bets on imminent SEC approvals.

Bloomberg Intelligence ETF analyst James Seyffart recently raised the chances of the SEC approving the Ark BTC-spot ETF application to 90%.

BTC was up 9% to $29,652, Monday through Saturday morning.

This week, Israeli authorities ordered Binance to freeze 100+ Hamas-linked crypto accounts. The authorities also requested account details on 200 more crypto accounts, most reportedly with Binance.

The news comes at a difficult time for Binance, which is in a legal battle against the SEC.

In June, the SEC filed thirteen charges against Binance, CZ, and Binance US. The SEC Chair Gary Genslers statement about the charges resonated. The SEC Chair said,

[], we allege that Zhao and Binance entities engaged in an extensive web of deception, conflicts of interest, lack of disclosure, and calculated evasion of the law.

However, the latest news puts Binance under the scrutiny of US lawmakers again.

This week, US lawmakers sent a bipartisan letter to the US Administration requesting the Administration to address the crypto financing of terrorism.

The letter stated,

Congress and this Administration must take strong action to thoroughly address crypto illicit finance risks before it can be used to finance another tragedy.

Senator Elizabeth Warren was among US lawmakers co-signing the letter.

US lawmakers responded to the news of Israeli authorities demanding Binance to freeze 100+ Hamas-linked crypto accounts.

On Friday, Senator Warren shared an update from the US Administration, saying,

Major announcement by the US Treasury Department Deputy Secretary Wally Adeyemo to crack down on crypto financed-terrorism. I led 100+ lawmakers raising concerns, and the Biden administration is taking swift and significant action. Congress must also step up and close crypto money laundering loopholes.

The Wall Street Journal reported,

The Biden Administration is set to designate international mixers, cryptocurrency exchanges that provide customers anonymity, as money-laundering hubs that threaten national security, a significant regulatory step.

On Tuesday, Coinbase (COIN) issued a statement outlining its approach to preventing illicit crypto activity. The statement was in response to the news of Hamas-linked accounts with Binance.

According to the statement,

[] Coinbase focuses on rooting out bad actors seeking to use crypto for illicit purposes. We maintain a robust compliance program which includes KYC checks, sanctions screening, suspicious activity reporting, and strong law enforcement partnerships, to prevent and detect illicit activity on our platform.

The statement went on to say,

Further, blockchain analytics technology allows us to trace, report, and even prevent terrorist financing.

Coinbase is also in a legal battle with the SEC. The SEC filed charges against Coinbase in June, days after filing the charges against Binance.

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Five Things to Know in Crypto This Week: Crypto ETFs, Ripple, and Binance Grab the Headlines - FX Empire

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Binance Coin (BNB) in Consolidation Mode: Is a Breakout Imminent? – The Crypto Basic

Binance Coin (BNB) might be set for a surprising surge if it breaks out from its ongoing consolidation phase.

Top crypto analyst Crypto Randmarked outthis consolidation phase in a post on X. According to Crypto Rand, BNB has been consolidating nicely following the breakout of the primary downtrend resistance.

Binance Coin hasrecordedsteep slumps for the better part of this year. Despite its 0.38% growth in the past 24 hours, BNB is down 14.20% Year-to-Date (YTD) and more than 35% over the past six months.

Crypto Rand maintains an optimistic outlook for BNB despite this bearish historical performance. The chart accompanying his analysis shows three distinct downtrend resistance phases and the ensuing consolidation movements.

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From August 2022 to June this year, BNB hovered between a low price of $260 and a peak of $340. Marked by the upper blueish bands, BNB oscillated differently and even breached the $260 support zone around January.

As uncertainties surrounding Binances legal status in the United States emerged, BNB nosedived below $260 in June, turning that price point into new resistance.

This downward move ushered in its second consolidation phase from June to August. Currently, BNB has once again flipped the support at $230, dropping below $210 earlier this month.

The immediate mission is to regain the $230 resistance. Should the optimism from Crypto Rand materialize into actual growth, it can usher in a rally that might return the coin to the $260 range soon.

BNB trades at $212.14, with its market capitalizationpeggedat $32.18 billion. Crypto Rand confirmed that BNB recently witnessed an impressive increase in volume not recorded months ago.

One major challenge of Binance Coin is the impact of the crackdown from the U.S. SEC. Damning as the case appears, BNB is not alone in the fight as the trading of ADA, SOL, FIL and others on secondary exchanges constitutesinvestment contracts per the SEC.

As Binance and Coinbasefightthe SEC in this regard, a good precedent is set in XRPs ruling. This presents a long-term bullish outlook if all assumptions turn out as experts predict.

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basics opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Binance Academy and Blockchain Center To Expand World’s … – Cryptonews

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

The organizations have teamed up to educate 1 million students on Web3 technology by 2026. More than 200 universities in over 50 countries will feature in the landmark crypto education program.

Binance Academy, the blockchain learning hub created by Binance, and Blockchain Center, the non-profit focused on research and education, are expanding the worlds largest Web3 learning program. The Global University Outreach Program combines the efforts of both organizations in a bid to foster a generation of blockchain-savvy students possessed with the tech knowledge to thrive.

The global expansion follows a successful pilot at Kazakhstan universities that saw 22 domestic universities teach blockchain fundamentals with teaching materials supplied by Blockchain Center and Binance Academy. More than 4,000 Kazakhstan students commenced blockchain studies this year following an initial training course for 300 educators. The program will expand to over 200 universities across more than 50 countries.

The curriculum for The Global University Outreach Program encompasses a broad range of Web3 topics with a particular focus on blockchain engineering and compliance. Through its collaboration with Binance Academy, Blockchain Center will aim to provide specialized training to over 1,000 university educators. The ambitious educational initiative will instill knowledge that will give students an opportunity to seek out a career in the blockchain industry. It will also furnish them with the skills to attain personal success within the crypto space.

The two primary components of The Global University Outreach Program are Blockchain Engineering and Blockchain Compliance. The former will grant students a deep working knowledge of crypto protocols, giving them practical skills to pursue a career in blockchain engineering. The 20-week course will cover such topics as Solidity, Web3, and BNB Chain fundamentals.

Blockchain Compliance, meanwhile, will educate students on the intersection of crypto and traditional finance, and the regulatory requirements and legal obligations this entails. Over 13 weeks, pupils will gain an insight into the relationship between digital assets and fiscal policy as it pertains to key crypto jurisdictions.

Yi He, co-founder of Binance, said: In the rapidly changing world of digital finance, blockchain education is a key pillar for driving transformation. Through this educational initiative, Binance Academy and Blockchain Center will cultivate a new generation of skillful talents poised to propel our industry forward and ignite innovation. Let's keep building.

Aidana Kaskyrbek, CEO and founder of the Blockchain Center added: "Blockchain Center's goal is to accelerate the adoption of blockchain technology by stimulating the growth of the human capital in the industry. We are proud of our groundbreaking educational initiative, which will significantly enhance talent development in the industry. The project offers a robust platform for aspiring professionals to explore, experiment, and innovate new solutions in the field.

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The digital evolution in aviation: how big data and analytics are … – Data Science Central

Long before passengers sit back, relax, and enjoy their flight, data has played a critical role in getting them to their seats. It has been a cornerstone of the aviation industry since the early days of air travel.

Indeed, from the early 20th century, data was collected through manual processes such as pilots logging information about weather conditions, navigation, and aircraft performance, and design engineers using this information to improve aircraft design and maintenance procedures. The entire network of manufacturers, large and small, pilots, planners, and investors have relied on data to design, build, and operate aircraft in a safe and efficient way.

Fast-forward to 2023, and many processes are fully automated. Data from fuel sensors is used to develop more efficient engines, airlines use data to improve their customer experience, and researchers use data to develop new ways of reducing aircraft emissions.

Data has been powering aviation since the industrys inception, and its only going to increase in importance.

Data is critical for the improvement of airlines and airports operations. On-time performance, for example, is a key performance indicator that aviation leaders pay close attention to, to see how well their organisation is operating and performing against competitors.

This isnt just a performance ranking of airlines and airports. This one metric serves as a valuable tool for self-improvement and a wake-up call to staff within an airline or airport.

Jet fuel prices are typically the most expensive cost item for airlines and they are increasing, at the time of writing. Even in times of inexpensive fuel, airlines are keen to measure fuel consumption and corresponding GHG emissions. Analysing datasets on weather conditions, air traffic, and aircraft performance helps airlines develop more efficient flight plans and potentially save millions in fuel costs.

A final example to draw on is optimising crew scheduling. Data analysis on crew availability, passenger demand, and flight schedules can create more efficient crew schedules that reduce costs and improve on-time performance.

The use of data in aviation is widespread and is used to complete routine tasks as well as the highly advanced.

For example, data is used to personalise passenger experiences, such as tailoring in-flight entertainment, or providing real-time information about their flight and destination.

On a more advanced level, airlines and aircraft manufacturers use data to develop predictive maintenance plans, using sensors to determine when maintenance on an aircraft is needed, and before a problem arises. This has positive impacts on cost and aircraft safety and reliability.

One of the principal uses of data in aviation is to manage the flow of real-time air traffic. Air traffic controllers use information about aircraft positions, altitudes, and headings to route aircraft safely and efficiently, and minimise delays. Industry experts have even suggested using data to manage airport arrivals and departures, scheduling aircraft to optimal wind conditions en route holding back some flights briefly in favour of others with the ultimate goal of an efficient system.

With new technologies such as AI and machine learning emerging at speed, the aviation industry will benefit from new, innovative ways of collecting and analysing data. (And, I might add that Cirium has long been hard at work harnessing these technologies to bring improvements to the industry.)

One area where advanced data collection and analysis will have a major impact is sustainability. Data can be used to improve the fuel efficiency of aircraft and operations and can be used to reduce the environmental impact of aviation, such as noise pollution and CO2 emissions.

Data is also critical in providing executives with the business intelligence they need to make informed decisions. If you have the right systems in place to capture and analyse a wide pool of data from different departments, it gives decision makers a broader view of key internal and external opportunities and challenges.

Big data is critical for effective cost management and operational efficiency in most industries and, in aviation, it has a far reaching, positive impact if it is processed and analysed correctly.

Yes, there are time and cost saving benefits from robust data analytics, but it can also help to improve safety protocols on aircraft, security in airports, and even the carbon footprint of organisations.

With emerging predictive technologies entering many industries, aviation is no exception, and it will be fascinating to see how it is used to improve the processes, functions, and flight plan of the industry.

For more information about Cirium and aviation analytics, visit: http://www.cirium.com

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3 data science jobs across the U.S. this week – VentureBeat

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Data scientists know their choice of profession is a smart one, and that demand for their skills is growing the insights gleaned from company or customer data represents the future of commercial decision-making, for example.

As more and more of us use digital technologies, apps and services, the need to understand and target user intent by means of data analysis grows even more important.

The Bureau of Labor Statistics (BLS) agrees: it estimates that about 17,700 openings for data scientists are projected each year, on average, and that employment of data scientists is projected to grow 35% to 2032, which it says is much faster than the average for all occupations.

U.S. News 100 Best Jobs of 2023 list also called out data science as a top occupation, ranking it in 22nd place. Jobs in the sector pay well too, with the BLS estimating that the median annual wage for data science roles was $103,500 in May 2022.

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Other data has identified that there are premium locations for data scientists in terms of opportunities and pay. For example, Washington, New York, Delaware, California and Massachusetts are the top five U.S. states when it comes to both opportunity and salaries.

For example, the average annual salary in Washington is $111,669, with the highest 10% earning $155,000. In New York, average data science salaries are $98,821, with top earners being paid $135,000.

Of course, with good comes bad: data scientists would do well to be aware that Oklahoma offers the lowest opportunity, due to a combination of low salaries and few job opportunities. Nebraska, Florida and Mississippi also perform poorly.

So, if youre looking for a new job now, there are plenty of locations nationwide to check out. The VentureBeat job board is a great place to start, featuring thousands of tech roles all across the country, like the three data science roles below.

In this partially-onsite Lead Data Analyst role, youll support daily, weekly, monthly and ad-hoc reports for end users and management use in performance monitoring and decision-making. Youll be directly responsible for accuracy of data, as financial and operational decisions are made based on the data you provide and you will review, extract and analyze data to be used in formulation of procedures, processes and other requirements, including data integrity and quality control. Youll also revise existing reports and develop new reports based on changing methodologies. You should be proficient in MS Office, SQL, MS Access, Power BI, Tableau, Business Objects and have advanced MS Excel formulas and pivot functions. A minimum of six years of research and analysis experience is required. Find out more now.

Bloomberg Data Technologies Engineering is seeking a strong Software Engineer with a passion for full stack web application development, strong design/implementation skills and experience integrating multiple external and internal systems. In this job youll design, implement and own critical applications and components of Bloombergs platform, understand the needs of clients and come up with an efficient and innovative approach to translate them to features and enhancements to the platform, and bring the latest and greatest innovation and technology stack features from the open source community to the companys products. Youll need to have four or more years experience building comprehensive, scalable and extensible client-side apps with JavaScript (ES2015+)/TypeScript, Front End Development frameworks/tools, such as React, Angular, Vue, Webpack, Babel and Twitter Bootstrap, plus experience with Python, including server application, frameworks, CLI tools and building microservices. See the full job description now.

In the role of Manager, Business Intelligence & Data Science (Member Voice ML/NLP), Navy Federal Credit Union, youll plan, manage and direct machine learning (ML), natural language processing (NLP) model development and data science functions for the department. Managing and coordinating production and delivery of data analysis in the form of dashboards, models and reports to senior management is key, as is managing direct large-scale analytic projects to improve operations. Plus, you will develop and maintain the data and analytics roadmap for the department and investigate and leverage new technologies in artificial intelligence (AI), machine learning (ML), natural language processing (NLP), data engineering, model development and analytics to improve the ability to transform data into insight. Youll need to be proficient in advanced machine learning (ML), artificial intelligence (AI) and NLP model development, with experience working with cloud platforms like Azure Databricks for building ML/NLP models, as well as experience working with Python, SQL and Spark for Big Data Analytics. Interested? See all the requirements here.

Find your next job in data science today on the VentureBeat Job Board.

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Freakonomics author: Objections to data science in K-12 education make no sense – Fortune

The three-year battle over Californias new math framework has produced calamity and confusion on all fronts. As fighting raged across op-ed pages and X (formerly known asTwitter), the fog of war obscured the inescapable truth: The data revolution is here and our kids are not prepared for it.

From ChatGPT to personal finance, nearly every decision we make in our daily lives is now dominated by data. Eight out of ten of the fastest-growing careers this year involve data science. A decade from now, it will be difficult to find any job that is not data-driven.

We need to equip our students for this new reality by teaching them basic data literacy in K-12. We can all see this, but somehow the politics of the moment have turned this idea into a raging debate.

The new critics of data science instruction seem to have three common objections. Their first claim is that data science programs are somehow watering down math. That is indeed possible, especially if districts treat data-related classes as a form of remediation, but this should not be the case. Data science is a very challenging subject, combining traditional math, statistics, computer programming, and complex datasets. In many ways, it demands more of students, requiring critical thinking, creativity, and a nuanced understanding of the context within which data have been generated.

A second objection is that learning data science in high school is somehow illegitimate because students wont yet have the mathematics skills required of professional data scientists. This is an odd argument. Can high school students never learn anything about physics because they dont understand differential calculus? Can they not find beauty in a Shakespearean sonnet if they dont know the rules of iambic pentameter?

The third claim is that data science coursework will crowd out calculus or some of the other math required for college STEM degrees. This is an important concern, but it assumes that every part of todays curriculum is absolutely critical to that path. Do we really think that is true? Having spent many nights at the kitchen table helping my kids with their homework, I suspect its not. And we (parents) shouldnt ignore the more than 130 college disciplines that now require data and statistics basics as the world changesincluding math and engineering.

We adults can stand around and dither, but young people are not waiting for us to figure this out. In college, students are rushing toward data science courses with astonishing speed. The number of data science undergraduate degree programs has exploded nationallyandin every state. At the University of Wisconsin, Madison, it has quickly becomethe fastest-growing major. Not to be outdone, UC Berkeley recently launchedan entire collegededicated to the subject. Our own institution, the University of Chicago, has hired 25 faculty in data science to keep up with student demand.

Sixteen other states have already officially launched or recommended data science in K-12. Some are creating full-year courses, while others are completely redesigning their math pathways. Leading STEM high schools throughout the country are teaching their students the UC Berkeley Data8 program, one of the best collegiate data science courses in the country. Just recently, a group of AP Statistics teachersorganizeda national data science challenge that attracted more than 5,000 students.

Without leadership from policymakers and educators, this revolution will still happen, but the benefits will go disproportionately to the students who are already advantaged. Wealthy parents and tech employees will teach their kids these skills through summer and after-school programs. Is this what we want? Or do we want to ensure that every child gets at least a basic level of data literacy?

If this all rings true to you, if you believe that a modern K-12 education requires at least some data science instruction, then you can help move us toward action. Ask your local school to incorporate data across school subjects throughout K-12. Ask your teachers to bring modern data tools into the way they teach. And ask your school leaders to offer data-focused math coursesand support their educators with the right resources to do so.

Lets put down our weapons in this math war and start fighting again for our kids futures.

StevenLevitt is an economist, the founder of The Center for Radical Innovation for Social Change (RISC) at UChicago, and the author of Freakonomics.

The opinions expressed in Fortune.com commentary pieces are solely the views of their authors and do not necessarily reflect the opinions and beliefs ofFortune.

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Professor Carla Johnson Partners with College of Engineering … – NC State College of Education News

NCState College of Education Professor Carla Johnson is partnering with several national and international companies to help diversify the STEM workforce by preparing more than 30 people for careers in data science and artificial intelligence (AI).

Johnson is the principal investigator on Enabling Access for Historically Underserved and Underrepresented Groups to Experiential Learning and Credentials in Artificial Intelligence (ExLENT-AI), which is funded by a $1 million National Science Foundation ExLENT grant. Through the project, she, along with Professor Min Chi and Associate Professor Collin Lynch from NCStates College of Engineering, will develop an externship that provides experiential learning opportunities for people from a variety of different backgrounds including low-income and first-generation students to broaden access to STEM careers.

Disparate access to computer science education and tools continues to be an important equity issue. The digital divide, an opportunity gap for many economically disadvantaged students, continues to promulgate inequities in STEM, Johnson said. Providing active, experiential, mentored learning opportunities for individuals from underserved groups can enhance participation in STEM careers generally and can be particularly influential in fostering positive identities and dispositions toward computer science.

Through a partnership with Delta Airlines, Lexmark, Randstad and other organizations, Johnson and the project team will design and implement a 40-week externship program that includes weekly workshop sessions alongside industry mentoring, job shadowing and the ability for participants to work on real-world, authentic industry tasks with partner companies.

It is incredibly valuable for our participants to engage in authentic, real-world applications of the content and skills they are learning in our program. Our partners provide context for what people are learning and serve as important mentors and role models, Johnson said.

ExLENT-AI is an extension of Johnsons work on the Artificial Intelligence (AI) Academy, which is preparing 5,000 individuals for roles in the field of artificial intelligence through a $6 million grant from the U.S. Department of Labor. However, while the AI Academy has only been available to current employees of partner companies as an on-the-job training program, the new project will target individuals who are historically excluded or underserved in STEM and currently unemployed or underemployed.

In addition to using evidence-based best practices to attract and prepare a diverse group of learners to consider emerging technology careers, the ExLENT-AI project will also establish a community of learners through mentorship as well as support participants through their ultimate job search and placement process as they enter careers in the field.

Our program will provide a pathway to careers for these individuals which have the potential to transform their lives, Johnson said.

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Haywood promoted to director of data science at Cape Fear Collective – Greater Wilmington Business Journal

Dante Haywood has been named director of data science for Cape Fear Collective.

Haywood has been with CFC since January 2021. He was originally drawn to the organization because of its commitment to using data to make unique positive impacts, according to a news release.

"It was not just that CFC had a data mission, it washowthat data would be collected, store, and used. Too often, data is an inaccessible and mysterious field of work, but during my interviews and conversations, CFC was breaking down those barriers to demonstrate that we can make more impact by humanizing the story of data in our everyday lives," Haywood said in a news release.According to the release, Haywood's proudest accomplishment at CFC was engineering the programming scripts that keep theCommunity Data Platformrunning.

"His favorite part of his job is the ability to remove technical barriers, secure funding and collaborate with peopleto achieve more than either party initially thought possible," the release stated.

Looking into the future, Haywood's goal is to use his new role to further strengthen CFC's data science capabilities and social impact measurement, according to the release.

"Data science is a swiftly moving field with new technologies always around the bend," he said in the release. "We have a huge horizon for bringing these technologies to the public. I want to rally our partners in a way that creates the most systemic impact."

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