1 3 3 Blockchain and Analytics in the Cloud

Summary

This script highlights the transformative potential of blockchain, AI, and cloud technologies in modern industries. It discusses how blockchain enhances transparency, trust, and traceability, especially in multi-cloud environments, while AI leverages the data collected for decision-making. The integration of these technologies helps businesses, from reducing food waste in agriculture to enabling predictive maintenance in urban infrastructure. The cloud provides scalable and flexible computing resources that support the vast data processing needs, allowing businesses to improve operations, prevent failures, and enhance customer experience.

Takeaways

• 🔗 Blockchain is a secure, distributed technology that enhances transparency, traceability, and process efficiency in transactional applications.
• 🔒 Blockchain's immutability allows members to view only the relevant transactions, fostering trust and transparency.
• ☁️ 85% of businesses rely on multiple clouds, with over 70% using more than three clouds to meet their IT needs, driving demand for secure, cross-cloud data management.
• 🤖 Blockchain, AI, and cloud computing are interconnected, where blockchain provides a trusted source of truth, AI drives data analysis, and the cloud offers scalable, cost-effective computing power.
• 🌱 Blockchain on the cloud helps farmers reduce waste by tracking food supply chains, preventing unnecessary recalls, and preserving future food supplies.
• 📈 Analytics technologies on the cloud use flexibility and scalability to track trends, predict events, and deploy machine learning models for business growth.
• 🏙️ KONE leverages cloud and IoT technologies for data analytics and predictive maintenance of infrastructure, ensuring equipment reliability for over a billion people daily.
• ⚙️ KONE’s connected services use cloud-based event-driven architecture to process and analyze data streams, predicting equipment failures and enabling timely maintenance.
• 🌐 The IBM cloud supports KONE’s operations by providing storage, messaging, IoT services, and more, with plans to expand as their digital footprint grows.
• 💡 Cloud technology offers integrated environments that enable continuous improvement and accelerated business growth through data-driven insights and predictive models.

Q & A

What is blockchain, and how does it enhance transactional applications?

Blockchain is a secure, distributed, and open technology that enhances transactional applications by increasing speed, lowering costs, and building transparency and traceability. It provides an immutable network where members can only view transactions relevant to them.

How does the openness and diversity of a blockchain network impact trust and transparency?

The more open, diverse, and distributed a blockchain network is, the stronger the trust and transparency. This is because a widely distributed network helps secure data and transactions more effectively.

What challenges do businesses face with multi-cloud environments, and how does blockchain help?

Businesses using multi-cloud environments face challenges in moving applications and data across different clouds securely and efficiently. Blockchain helps by providing a decentralized and trusted source of truth, enabling secure, seamless application management across clouds.

What role do AI and IoT play in combination with blockchain and cloud technologies?

Blockchain provides a decentralized source of truth, while AI powers analytics and decision-making based on collected data. The cloud offers scalable, distributed computing resources to support the large volumes of data and the processing power required for AI and IoT systems.

How does blockchain improve transparency in AI decision-making?

Blockchain improves transparency in AI by recording the data and variables that feed into AI algorithms, making the decisions more understandable and trustworthy. This transparency fosters greater trust in AI-driven conclusions and decisions.

How is blockchain technology helping farmers reduce food waste during recalls?

Blockchain on the cloud enables farmers to track their products instantly, providing real-time information about the origin of goods. This traceability helps avoid unnecessary recalls, preventing waste by only removing affected products instead of all items.

What are some benefits of using cloud computing in analytics technologies?

Cloud computing provides flexibility, scalability, and the necessary computing resources to handle large volumes of data. It enables businesses to track trends, predict events, and deploy machine learning models for continuous improvement and accelerated growth.

How is Kona using cloud and IoT technologies for predictive maintenance?

Kona uses cloud and IoT technologies to collect data from elevators, escalators, and other devices. This data is analyzed to predict equipment failures, enabling proactive maintenance and ensuring smooth, uninterrupted service for their customers.

What is the concept behind Kona's 24/7 connected services?

Kona's 24/7 connected services monitor equipment in real-time using cloud-based analytics. The service ensures that equipment is connected to the cloud, enabling predictive maintenance and providing added value to customers through reduced downtime and enhanced reliability.

What cloud services does Kona currently use, and how are they expanding their digital footprint?

Kona uses a variety of cloud services, including storage, functions, messaging, and IoT services. As their digital footprint in the industry grows, they plan to expand their usage of these cloud-based solutions to provide even greater value to their customers.