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Professor Alex Pentland Loves the Blockchain and What the Future Holds (A Bullish 2018)

Source : Professor Alex Pentland Loves the Blockchain and What the Future Holds (A Bullish 2018) It is no surprise that blockchain technology is managing to be adopted by individuals and businesses from all walks of life. What once had a taboo associated with it is now being viewed as a revolutionary platform to base businesses around. Massachusetts Institute of Technology (MIT) Professor Alex Pentland, has had some very positive things to say about the technology behind the blockchain and what the future holds. Who is Alex Pentland? Alex Pentland is an MIT Professor who was recently named one of the most powerful data scientists by Forbes. He is the co-founder of Endor and a founding member of Google’s advisory board. If that was not impressive enough he is also a noted leader and speaker at the World Economic Forum. Pentland specializes predictive analytics among many other things. Two of his more recent published books include Social Physics and Honest Signals. Social Physics highlights how Pentland is assisting Endor in proven “deep learning techniques” to the “predictive analytics” and cryptocurrency markets. The goal is very simple, to better predict the markets increasing one’s likelihood to be profitable. What are Predictive Analytics? Predicting Analytics can be summarized as the ability to foresee what a user’s behavior is likely to entail. This is essential in the business world and the finance world as it allows trends to be monitored in such a way where future pricing can be predicted with a much higher degree of accuracy. The current environment of the business landscape worldwide is a very fast paced and data-driven one. Merchants across the globe are spending billions analyzing and acquiring transaction details to better predict future buying trends. The absolute most beneficial aspect of analyzing the transactional trends is to better anticipate consumer behavior. The world of cryptocurrency is so new that predictive analytics have yet to be applied the same way they are used in other business realms. This results in a huge opportunity to employ predictive analytic monitoring and begin anticipating future actions of market participants. Many believe one of the reasons cryptocurrency markets are so volatile is because no future predictive methods are being applied on a mass scale. This provides huge opportunities to begin standard predictive analytics to monitor market movements. Alex Pentland and his company Endor believe they have a solution. Pentland’s Thoughts Alex Pentland was recently interviewed by Forbes where he was asked a series of questions regarding who he was, what is social physics, what is predictive analytics, how does any of it apply to the blockchain and many more intriguing questions. Unlike most naysayers and doubters, Pentland strongly supported where he thought blockchain technology would go and the ability to better predict future movements of cryptocurrency prices. Q1. How is Endor using Social Physics, and What is It? Pentland went on to discuss how Social Physics was the science of using statistics to finds laws or universals in human crowd behavior. By …

Plus…Professor Alex Pentland Loves the Blockchain and What the Future Holds (A Bullish 2018)

Professor Alex Pentland Loves the Blockchain and What the Future Holds (A Bullish 2018)

Source : Professor Alex Pentland Loves the Blockchain and What the Future Holds (A Bullish 2018) It is no surprise that blockchain technology is managing to be adopted by individuals and businesses from all walks of life. What once had a taboo associated with it is now being viewed as a revolutionary platform to base businesses around. Massachusetts Institute of Technology (MIT) Professor Alex Pentland, has had some very positive things to say about the technology behind the blockchain and what the future holds. Who is Alex Pentland? Alex Pentland is an MIT Professor who was recently named one of the most powerful data scientists by Forbes. He is the co-founder of Endor and a founding member of Google’s advisory board. If that was not impressive enough he is also a noted leader and speaker at the World Economic Forum. Pentland specializes predictive analytics among many other things. Two of his more recent published books include Social Physics and Honest Signals. Social Physics highlights how Pentland is assisting Endor in proven “deep learning techniques” to the “predictive analytics” and cryptocurrency markets. The goal is very simple, to better predict the markets increasing one’s likelihood to be profitable. What are Predictive Analytics? Predicting Analytics can be summarized as the ability to foresee what a user’s behavior is likely to entail. This is essential in the business world and the finance world as it allows trends to be monitored in such a way where future pricing can be predicted with a much higher degree of accuracy. The current environment of the business landscape worldwide is a very fast paced and data-driven one. Merchants across the globe are spending billions analyzing and acquiring transaction details to better predict future buying trends. The absolute most beneficial aspect of analyzing the transactional trends is to better anticipate consumer behavior. The world of cryptocurrency is so new that predictive analytics have yet to be applied the same way they are used in other business realms. This results in a huge opportunity to employ predictive analytic monitoring and begin anticipating future actions of market participants. Many believe one of the reasons cryptocurrency markets are so volatile is because no future predictive methods are being applied on a mass scale. This provides huge opportunities to begin standard predictive analytics to monitor market movements. Alex Pentland and his company Endor believe they have a solution. Pentland’s Thoughts Alex Pentland was recently interviewed by Forbes where he was asked a series of questions regarding who he was, what is social physics, what is predictive analytics, how does any of it apply to the blockchain and many more intriguing questions. Unlike most naysayers and doubters, Pentland strongly supported where he thought blockchain technology would go and the ability to better predict future movements of cryptocurrency prices. Q1. How is Endor using Social Physics, and What is It? Pentland went on to discuss how Social Physics was the science of using statistics to finds laws or universals in human crowd behavior. By …

Plus…Professor Alex Pentland Loves the Blockchain and What the Future Holds (A Bullish 2018)

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