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How IT is Affecting the Lending Industry Today

Like many others, the lending industry is undergoing significant transformation due to advancements in information technology (IT), unique modern offerings have begun to emerge, such as a loan in the Philippines with no requirements. While digitizing lending processes has brought numerous benefits, it has also introduced new challenges, especially in today’s volatile economic environment. This…

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Voice search and voice assistants

Cloud technology offers a large number of useful services every year. At the same time, voice assistants have become a useful tool in everyday life. The speech recognition function and the manufacturability of neural networks can replace the text set of symbols by almost 100%. This technology is regularly improved. Apple, Amazon, and Google corporations…

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Not just entertainment: top 5 ways to use VR technology

It is commonly believed that VR technology was created for entertainment, and its main application area is computer games and specialized cinemas. But, even though the entertainment function of virtual reality was the first to resonate with consumers, it was not created for this purpose at all. VR technology benefits many industries, including medicine, education,…

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Digital transformation in mining

The Digital Transformation of Mining Operations

Digital transformation is shaking up industries everywhere, and mining is leading the charge. The mining sector, once slow to embrace new tech, is now diving into digital innovations, promising better efficiency, productivity, sustainability, and worker safety. Understanding Digital Transformation in Mining According to Metal Market News, digital transformation in mining means weaving digital tech into…

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What are economic innovations?

Innovation in economics is a broad concept that can represent one of three things: Innovation in its narrow and literal sense, that is, as a consequence of scientific development, a new experience or idea that does not have a specific product form. An innovative product is a new product created specifically for sale. Changes in…

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GPT-3

Today, a neural network based on NLP (natural language processing algorithms) called the GPT-3 transform network is the most advanced. It allows healthcare providers to answer people’s most important questions. The neural network of the previous generation called GPT-2 has a hundred times fewer parameters. But even those transformers, which are the most advanced, cannot…

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3D printing

3D printing is a process by which you can create real physical objects by a method of overlay of special materials on a computer. 3D printing has become quite popular during the COVID-19 pandemic. It partially replaced the classic production, which previously required a lot of money. With 3D printing, we can create more products…

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information technology

What are the monitoring tools in cyber security

Network security monitoring is like having a superhero watching over your computer network. It keeps an eye on the traffic and IT systems to make sure everything is safe. This helps IT teams know if the organization’s cybersecurity is strong. For example, if they see unusual changes in who can access what or strange traffic…

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