Data is collected from every activity (source: medgadget.com) Once in the purview of computer experts, Big Data and artificial intelligence (AI) today effect society with an unprecedented growth of knowledge. Data has become an important issue to individuals and organisations. Individuals generate data with every action that sends ripples through the Internet and social networks, creating a digital trace mirroring every facet of their lives. Even everyday objects, like connected cars and smart TVs are part of this data generation. Data is now a vital part of people’s existence and creates new knowledge about them. However, the issue is what this data is used for. For businesses and organisations, the collection and analysis of data is very important to research people and the market, to formulate informed decisions. Big Data, if sufficiently processed, will help to make proper decisions. However, if it is not processed properly, it will be next to useless and impact the … [Read more...] about Data and humanity – who will dominate?
Data management applications
Illustrative photo (Source: savic.sav.gov.vn) Hanoi (VNA) – The IT system has become an integral part of the State audit’s operation, covering its key aspects of survey, report and statistics, affirmed Deputy Auditor General Doan XuanTien. The State Audit Office of Vietnam has applied information and technology since 2011 to run a number of audits, build electronic database, and design audit assistance software. The IT-based audit model is new and requires further research for implementation when IT application becomes popular among audit agencies, Tien said. According to a survey by the Vietnam Association of Certified Public Accountants, accounting and audit firms think the fourth industrial revolution will significantly impact them, creating opportunities for them to improve service quality and expand markets via internet connection. The survey also point to challenges facing the sector. They include IT-competent staff requirement, huge … [Read more...] about State audit attaches importance to IT application
(VEN) - Synology announced the official release of two major backup applications in Active Backup suite of packages, the official version of Active Backup for Office 365 that supports SaaS cloud backup, and the beta version of Active Backup for Business that provides data availability for workloads in physical and virtual environments. "More and more companies and organizations are operating across physical, virtual, and cloud platforms. This phenomenon presents a tremendous challenge to IT departments for ensuring the safety of the growing data in this cross-platform environment." said Jia-Yu Liu, Director of Application Group at Synology Inc. "To tackle this problem, Synology provides a new, all-in-one solution that closely integrates software and hardware for businesses of varying scale." Active Backup for Office 365 employs single instancing technology to not only help businesses with the management and availability of Office 365 data, but also significantly lower the space … [Read more...] about Protect scattered data in physical, virtual, and cloud workloads with the Active Backup suite
Viet Nam News VIENTIANE — The application of blockchain, specifically digital identity, will bring huge benefits to the Lao government and citizens, said BoviengkhamVongdara, minister of science and technology. He made this statement at the Lao Blockchain Forum 2018 held in Vientiane on Tuesday. According to him, the adoption of Blockchain Technology will allow the Lao citizens access to various public services. As the technology can be utilised in many sectors, including agriculture, finance, banking and healthcare, it can help enhance the transparency and efficiency of State management, Vongdara said. A Memorandum of Understanding (MoU) was signed on the same daybetween the Lina Network and the Ministry of Science and Technology of Laos for the deployment of digital identity using Blockchain. Under the MoU, the company will provide solutions to develop Blockchain Application for the Lao government based on Blockchain Technology, Internet of Things, Big Data and Artificial … [Read more...] about Laos moves towards application of e-governance
Cybersecurity, data management crucial for fintech developmentBy Thuy Dung HANOI - The State Bank of Vietnam (SBV) encourages cooperation between commercial banks and financial technology (fintech) companies but urges the enhancement of cybersecurity and data management to safeguard consumers’ interests and stabilize the banking system, officials said. At a seminar titled, “The Fourth Industrial Revolution and Innovations in the Finance-Banking Sector,” held by National Economics University on June 12, Le Anh Dung, director of the Payment Department under SBV, noted that the central bank will manage fintech firms based on risk assessment instead of their compliance with general principles. According to experts at the seminar, fintech companies have significantly affected the banking system, having transformed banks’ business and administration models into digital ones by applying the achievements of the Fourth Industrial Revolution. In addition, fintech firms … [Read more...] about Cybersecurity, data management crucial for fintech development