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By Jeremy Laukkonen

How a blockchain-based decentralized internet can change the world

Web3 is a term describing a future internet built on decentralized blockchains, which are the ledger systems currently used by cryptocurrencies.

What Is Web3 in Simple Terms?

At a very basic level, Web3 is the third stage of internet development. To understand exactly what Web3 is, you first need to have a basic understanding of the first two stages.

The first stage of the internet, Web1, mostly involved users reading static webpages, although forums and message boards did exist. The next stage, Web2, marked the arrival of social media like Facebook and Twitter, and sites based around user-generated content like YouTube. The big difference between Web1 and Web2 is many people transitioned from passively consuming content provided by big companies to creating and sharing their own content, although that sharing is still facilitated by websites owned by big companies.

The basic idea behind Web3 is it will represent a transition from big companies controlling and monetizing content on the internet, to individual creators and consumers sharing content and interacting through decentralized networks. These networks would rely on open protocols, allowing anyone to connect and participate, and shift power away from big companies and toward creators and users.

What Is Web3 and How Does It Work?

Since Web3 isn’t here yet, we don’t know exactly how it will work. Most concepts of Web3 involve the blockchain, an unchangeable ledger system used by cryptocurrencies to keep track of transactions. The appeal of the blockchain for Web3 supporters is that it logs everything in a way that is transparent and impossible to edit or falsify. Each new transaction creates a “block” in the ledger anyone can see.

The main issue of the blockchain is the same as its purported benefit. Because nobody can edit the ledger, and anyone can create as many crypto accounts as they want, it’s hard to address and protect against fraud. Once something exists on the blockchain, it’s impossible to remove.

Some proponents of Web3 have suggested that creators and users could monetize their efforts on the internet through the blockchain, or that users could monetize their own data for targeted advertising purposes the same way Facebook and other companies sell that kind of data today.

Control over decentralized services could also be placed into the hands of users, instead of big companies. Decisions to change rules and regulations, when to ban users, and other choices could be voted on by users of a decentralized service instead of decided unilaterally by the company that owns a website. This would take the power out of the hands of big tech companies and place it in the hands of users.

Are There Any Examples of Web3 Today?

The concept of creators and users being compensated through the blockchain is currently still in its infancy, but there are some examples. The video game Axie Infinity is somewhat similar, in that it runs on the Ethereum blockchain and rewards users with cryptocurrency for achieving goals.

Another example is Helium, which is a crowdsourced wireless network that rewards users with cryptocurrency for sharing their home network connections. This effectively creates a large network of hotspots users can tap into, and the owners of those hotspots are able to receive compensation in the form of crypto tokens.

This “play to earn” setup is one of the most widely talked about features of Web3, as it could have a huge impact on both creators and users. Through the blockchain, Web3 could allow creators to monetize their content without relinquishing control to big tech sites, and users could monetize their activities and even their own data.

What About Decentralization of Web3? 

Proponents of Web3 spend a lot of time talking about the blockchain, but that’s only one part of the larger picture. The other central conceit of Web3 is it will be decentralized in a way that Web2 isn’t. An easy way to think of this is today, Twitter users can communicate with each other, but they can’t communicate with Facebook users or Instagram users. That’s because Twitter owns its website, controls its communication protocols, and keeps everything locked down. The same is true of most other Web2 sites and services.

For Web3 to function, these would need to be replaced by decentralized services. There are actually signs of this today in the form of federated services where multiple Web2 sites are able to communicate using an open protocol. One example is Mastodon, which is free and open-source software that individuals and organizations can use to build their own microblogging platforms that work a lot like Twitter. Users of the original Mastodon site and users of others, like the India-based Tooter, are able to communicate with each other, because both sites use the same open-source protocols.

Is the Metaverse Web3?

The metaverse isn’t Web3. It’s a term used to describe immersive digital worlds, often experienced through VR instead of a computer monitor or phone screen. In this metaverse users can play games, socialize, and communicate. The big connection between the metaverse and Web3 is that various items in the metaverse could be NFTs, like your avatar, virtual real estate, and other items.

The big difference between Web3 and the metaverse is the latter is currently being championed by big tech companies like Facebook, Microsoft, and HTC. Since Web3 is envisioned as being driven by decentralized networks, open protocols, and the blockchain, the metaverse would seem to miss the mark.

Will Web3 Change the World?

It’s impossible to say exactly what Web3 will do, or even precisely what form it will take, since it’s currently still just a set of loose concepts. There is a real potential for Web3 to change the world though, or at least to drastically change the way you use and interact with the internet.

If Web3 does rely heavily on the blockchain, it could present new ways for both creators and general internet users to use the internet, and a shift to decentralized services would completely alter the landscape and potentially big tech as well.

FAQ

  • What does “decentralized” mean?

    In the world of Web3, decentralization means that the internet and every site on it exists across a distributed network instead of companies owning and maintaining the servers. Ideally, this means that the internet doesn’t really “belong” to anyone, but the concept is vague and nobody has made any progress toward achieving it.

  • How does cryptocurrency work?

    Most cryptocurrency uses “proof of work” to distribute tokens, which means that computers have to solve increasingly complex problems to “mine” the currency. Because of this, cryptocurrency uses vast amounts of energy and has driven up the prices of graphics cards. Cryptocurrency is also extremely unstable and vulnerable to fraud, and it hasn’t seen widespread acceptance for retail transactions.

By Jeremy Laukkonen

Sourced from Lifewire

    By

    Many businesses may exist on the Internet but they truly are not living up to promise

    For many industries, online sales make for the vast amount of their takings. Most businesses are online, but the big question is: are they fulfilling their fullest potential? The answer is frankly, no!

    Many businesses may exist on the Internet but they truly are not living up to promise, according to Julius Tirrá of Celebian. Understanding the online sphere and how to make the most of it involves knowhow and expertise, however it doesn’t mean you can’t do so with a little forward planning and outsourcing of expertise, according to Tirrá.

    Below are seven great ways you can grow your business.

    Design a Good Website

    A website is a must-have if looking to grow a business empire online. It is your business’ frontline for creating the first impression to your target customers and audiences and the platform to sell whatever products or services you have to offer. That said, it would be advisable to create a website unique to your business, not a copy of the generic ones found all over. One of the advantages of creating a unique website is that customers will be able to distinguish you from the rest, enabling you to build and grow your brand.

    There is more to creating a good website than just the aesthetics; it needs to be practical, fast, and more importantly, responsive says Tirrá. This should be, however, relatively easy, especially if looking to create or partner with an e-commerce website. Many e-commerce websites, including Facebook, Flipkart, Amazon, etc., have some of the best platforms you can use. You also won’t have to invest heavily in the website if partnering with these websites.

    Ensure the Website Is Mobile-friendly

    The website needs to be both desktop and mobile-friendly too. Many people today (including your target customers/audiences) use their smartphones or iPads/tablets to shop online; they need to be able to access and navigate your website on limited screen sizes. As long as audiences and customers can access and navigate your website with ease, you can be assured of stronger impressions and return visits.

    Creating a mobile-friendly website has its benefits in that it will boost the userbase, enable you to collect usage data, and even analyse collected data to see which areas can be improved for better performance. With almost everyone today using their smartphones to access the Internet and possibly shop online, creating a mobile-ready website is the way to go. It would help if you also considered creating a profile on some of the social media platforms, such as Facebook, for improved visibility as well.

    Embrace Social Media Marketing

    Social media provides an excellent platform for marketing and promoting your business. With billions of users logging onto these platforms each day, you can be sure to attract tons of traffic from it. Social media marketing is a highly converting strategy that can help grow your business or brand within a short time, especially if done correctly.

    Facebook, for example, has a marketplace section that allows businesses (small and big) to advertise their services and products. You can opt to use the free or paid option, depending on how much you wish to spend on Facebook marketing campaigns. Some of the benefits of paying for Facebook advertising is that your content will be displayed to the target audience, increasing clickthrough rates, and possible conversions. Whatever your ranking is on search engines, you can be sure to benefit from social media marketing on Instagram and others. Twitter, for instance, makes it possible to push specific advertisements to target audiences within your business’ niche.

    Email Marketing

    Email marketing has been around for several decades and is still effective and efficient to this date. Almost everyone today has an email or two. You can thus take advantage of email marketing to promote your business as well. All you need is to build an emailing list to use for your marketing campaigns and promotions. Asking your audiences to signup for newsletters, running a giveaway campaign, or even promotions with a chance of someone winning a present, are some of the ways you can collect email addresses genuinely. With global audiences and relatively high conversions, you can be sure to get your business known and even earn more clients this way.

    Know Your Competitors

    Google Analytics (among other tools) enables website owners and managers to study current trends, make predictions, and research their competition. These tools allow one to find similarities and strategies that work for other companies and those that you could use to boost your chances. Google analytics is thus a handy tool that can help you avoid losses by focusing on higher-performing campaigns.

    Another advantage of running an online business is that you can research and even find other strategies that could help drive traffic to your website. Some of these analytics tools can help you identify your rival’s weaknesses, giving you a chance to turn the tables around and divert traffic to your business.

    Optimize Content

    Although you might know this already, the key to getting your business known by organic visitors and search engines is publishing high-quality and properly optimized content. Publishing optimized content on your website and running blogs can significantly impact your search engine rankings and website performance. Properly optimized websites often get a spot on the top page of a search result, translating to increased traffic and online visibility.

    The key to optimizing content lies with proper keyword research and usage of the same. For this reason, you want to choose keywords relevant to your business niche and high-converting at the same time. Search engine optimization is one of the pillars of online marketing and plays a crucial role in boosting online visibility and inbound traffic.

    Work Towards Increasing Website Traffic

    Web traffic is everything when running an online business. It is through the said traffic that you can start converting much of it into potential and even loyal customers/clients. A website that gets tons of traffic is more likely to generate sales/profits than one that doesn’t. Your business thus should unwind and focus on attracting traffic by first creating and publishing unique and high-quality content, optimising your content, then venturing into other online marketing campaigns.

    Generating organic traffic is one of the best ways to grow your online business. You can also use paid methods to generate the same. Facebook and Google, for example, offer paid options for directing traffic your way. This however entails paying for such through Google or Facebook Ads. You could also hire online marketing experts to help get your business known and improve traffic as well. You only need to find the best online marketing agency or company, especially one with tons of experience in the field.

    By

    Sourced from Entrepreneur India

    By Johan Moreno

    Short videos can lead to big outcomes, just ask TikTok.

    When eMarketer compared average time spent on the top social platforms by U.S. adults, TikTok surpassed YouTube. Users spent an average of 45.8 minutes on the Bytedance-owned social video platform versus 45.6 minutes on YouTube.

    This milestone follows a series of changes on the TikTok platform that were seen as threats to YouTube’s video dominance. In February, TikTok extended the video length limit from 3 minutes to 10 minutes. The platform also announced a new revenue sharing program that is very similar to YouTube’s.

    YouTube has likely caught onto the success of TikTok and is looking to stop its roll: Earlier this year, YouTube Chief Product Officer Neal Mohan announced a series of product announcements that would be coming to the platform, centered around YouTube’s answer to TikTok, Shorts.

    TikTok is also delivering these results on videos shorter than 10 minutes. The data does account for company’s virtual MVPD service YouTube TV. YouTube also offers videos longer than 10 minutes, which likely increase the overall time spent on the platform. The survey was conducted in April 2022 and accounted for all viewing engagement with a platform, be active or multi-tasked.

    Despite efforts to emulate the features found on TikTok, Instagram accounted for an average of 30.1 minutes per day. Its parent platform also had an average of 30.1 minutes.

    TikTok and YouTube were followed by Twitter, with 34.8 minutes spent on average, Snapchat with 30.4 minutes, Facebook with 30.1 minutes, followed by the aforementioned Instagram. Users spent an average of 23.8 minutes per day on Reddit.

    However, it is worth noting that TikTok has a smaller user count, 1 billion monthly active users, while YouTube is believed to have north of 2.6 billion.

    Feature Image Credit: Getty Images

    By Johan Moreno

    I’m a contributing writer for Forbes covering Google and Alphabet. I’m also a writer and curator for Inside.com, where I have covered a variety ot topics, ranging from automotive to Google. Send tips, pitches or notes via email ([email protected]) or on Twitter (@dudejohan).

    Sourced from Forbes

    By Stan Schroeder

    Wait, Instagram has content that’s not ads?

    Instagram is my waiting room app. I don’t use it every day, but when I have a couple of spare minutes, I like to casually check out what the people I’m following are up to.

    The problem, lately, is getting to the stuff I actually want to see requires battling through a mountain of sponsored content and suggested posts. When it comes to ads on platforms, there’s a point at which a user inevitably will throw their hands up in the air and say: enough. This level is different for everyone, but for me, Instagram has not only reached it — it’s running circles around it.

    Dude, where’s my content?

    Let’s test this. I’ve just opened the Instagram app on my iPhone and counted 14 (fourteen) instances of ads, suggested posts, and sponsored content, in the first 16 posts on the top of my feed. I had to scroll past six ads before I got to a post by someone I actually follow. I’m not sure when Instagram became this aggressive when it comes to ads, but I don’t remember it being this bad earlier this year. A month-old Reddit post showcases the same issue, with a seemingly infinite array of ads lined up one after another.

    Worse, there’s something deeply insulting by the content of the ads and suggested posts I’m seeing. Yes, I follow a couple of fitness-oriented pages, as well as wrestling pages, on Instagram. So its algorithms have decided that I must be into boxing and bodybuilding (I’m not). I’m constantly being served ads for boxing lessons, which I don’t particularly care about, and I keep seeing muscular men posing on a stage, which, again, is not my cup of tea. Instagram is relentless about this type of content; there’s little variety to it. I’m a human in 2022, which means I have the luxury of having specific, nuanced interests — I’m alright with bodyweight workouts, but not interested in bodybuilding. I can watch Brazilian jiu-jitsu videos all day, but not boxing. Maybe it’s the way I’m engaging with this content that throws Instagram’s algorithms off, but it just seems incapable of accurately predicting what I really want to see.

    It’s not just me. Another Reddit thread, also from about a month ago, titled “Okay, we get it. Your feed is entirely ads,” has dozens of users complaining about how bad Instagram’s feed has become.

    “60 percent of the posts on my newsfeed are from accounts I do not follow — yet there are accounts I do follow who post regularly and I don’t ever see their posts,” writes user HireLaneKiffin. “It’s gone from all my follows to every other follow and ad to as of today a three to two ratio of ads and promoted follows from the worst people and things,” writes user ilivedownyourroad. I don’t have a scientific method to determine how many ads are too many for the majority of users, but my guesstimate is that Instagram is well past it.

    This behavior is spilling over to Meta’s other property, Facebook. On this platform’s feed, you’ll see at least some content from the pages and people you follow on top, but there will be a ton of ads in between, and every now and then you’ll see a suggested post from a page you don’t particularly care about — I’m looking at you, Nick’s Strength and Power. In fact, this particular page which serves bodybuilding-related content, probably has little to do with it; Facebook has decided that I must be into bodybuilding, and bodybuilding videos I will watch, so help me the almighty algorithm.

    Instagram ad
    But I don’t wanna watch what Simon did next. Credit: Instagram/upromototraining

    The sponsored overload is not as bad on Facebook as it is on Instagram, but Instagram may be an early warning here. A few months down the road, you might have to jump through the hoops of switching to chronological post order every time you open the app (to do that, tap “Menu,” then “See more,” then “Most recent” on the iPhone).

    Can you help it? Yes, but not quite.

    There are ways to alleviate this influx of ads, but Instagram is quite cunning about it. Once you’ve opened the app, there’s a little white arrow that appears next to the Instagram logo on top, letting you see content only from the accounts you’ve set as favourites. But the little white arrow only appears once you’ve scrolled past the first post — a way to force you, I reckon, to see at least one ad before getting to the content you want. Furthermore, you have to do it every time you start the app, and you also have to ardently add all the content you want to follow to your favourites, which is an additional hassle.

    You can also get an Android-only unofficial app for Instagram that lets you get rid of ads altogether, but unofficial apps, besides probably being against Instagram’s terms of service, can be a way to get malware on your device.

    The bottom line is that, for the majority of users, the Instagram experience is severely tarnished when you’re force fed stuff you don’t want. There’s a point at which even advertisers will start to complain, as they inevitably see engagement numbers fall from their tired and resigned audience. I’ve asked Instagram whether they think they’ve gone too far with sponsored content, and will update this article when I hear back.

    UPDATE: Jun. 9, 2022, 12:21 p.m. EDT An Instagram spokesperson got back to me, saying that my feed having so many ads and suggested posts is “not the intended experience.” The company will look into it and get back to me with more information.

    I know the mantra: If you’re not paying for it, you’re not the user, you’re the product being sold. But for me to consent to being sold, I need to get something back from the app or else I’ll just give up. Right now, Instagram is working very hard to make me give up.

    Feature Image Credit: Sopa Images / Getty Images

    By Stan Schroeder

    Sourced from Mashable

    Sourced from Next Big Idea Club

    In January 2020, when the coronavirus started making headlines around the world, Jane McGonigal’s inbox was flooded with emails from Silicon Valley execs, government officials, and nonprofit leaders. They all had the same question: “Jane, didn’t you run a simulation of a respiratory pandemic?”

    Yes, she had. All the way back in 2010.

    Jane is a game designer. She builds simulations that help players imagine the unimaginable. And in 2010, she invited nearly 20,000 people to immerse themselves in a future world besieged by a global pandemic. “How would you change your habits?” she asked. “What social interactions would you avoid? Can you work from home?”

    A decade later, when COVID went from nascent threat to full-blown crisis, Jane started hearing from folks who had participated in the simulation. “I’m not freaking out,” one of them said with relief. “I already worked through the panic and anxiety when we imagined it ten years ago.”

    According to the latest research in psychology and neuroscience, we can all learn to make the shift from panic to poise by training our brains to think about the unthinkable. But what does that training look like? In her new book, Imaginable—and on today’s episode of the Next Big Idea podcast—Jane shares evidence-based techniques you can use to see the future coming. Listen to the full episode below, or read a few key highlights. And follow host Rufus Griscom on LinkedIn for behind-the-scenes looks into the show.

    How Jane went from game designer to future forecaster.

    Rufus: Your path from studying and designing video games to working as a futurist—some would see that as counterintuitive. I think you see this as a logical progression. Why does that sequencing make sense?

    Jane: What first really fascinated me about the gaming community was this trend that I was observing in gamers: they were developing real skills, real abilities, collective intelligence, and collective imagination that they wanted to apply in a bigger context—maybe help solve some real-world challenges.

    This was back in 2001 when I was starting my Ph.D. work. And I thought, “This is amazing! It would be really good for humanity if we could channel these new skills that are coming out of online gaming into real-world problem-solving.” But at that time, there were not a lot of games to play that actually connected this community with real-world challenges.

    After studying it for six years, writing my dissertation on this topic, I rolled right into, “I’m going to be the one to make games that help gamers apply those strengths to real-world contexts.” And the context that I wound up working in was trying to anticipate hard-to-predict futures, or apply that collective imagination to seeing future scenarios from massively many points of view—the same way that we see a game world—so that we might discover the outlier risks or unexpected opportunities. And that’s what I’ve been doing for 15 years now.

    Predicting COVID … back in 2010.

    Rufus: This mission to take our interest in gaming and collective imagining exercises and use them to help us better understand possible future outcomes—you and your team have been engaged in this for a while, and you have an astoundingly impressive track record at anticipating possible future outcomes. Can you share some of the details of what you all have done?

    Jane: 2020 was a really strange year to be a future forecaster, in that I had an experience of living through a very difficult future that we had been forecasting for a decade or more. My work at the Institute for the Future involved creating these social simulations way back in 2008, 2010, where we were inviting thousands of people to spend weeks in a private social network. It would look like Twitter, Facebook, or Discord, but everything being posted and shared was about a hypothetical future.

    “There was this incredible proliferation of news stories and headlines using the word ‘unimaginable’ to describe the pandemic and its consequences. But it wasn’t unimaginable. We just didn’t have a critical mass of people imagining it.”

    Futurists love to look 10 years ahead because that gives us enough mental distance to think creatively. And if we’re imagining problems that might not happen for 10 years, it gives us enough time to prepare for them or prevent them. So we were looking at the years 2019 and 2020, and back then our simulation centered around, how would we survive and adapt to a respiratory pandemic that started in China that was also complicated by cascading crises? One of the things that I specialize in is figuring out how different crises and disruptions intersect. So we’re not just looking at it from a public health perspective or an epidemiology perspective. We were also thinking about how we would survive and adapt when we have the supply-chain disruptions, when there is misinformation and conspiracy theories about the pandemic being spread on social media, when there are historic wildfires and extreme heat waves due to climate change. And that’s just what we lived through in 2020.

    What made me sort of crazy for a little while, and made me want to write the book Imaginable, is that there was this incredible proliferation of news stories and headlines using the word “unimaginable” to describe the pandemic and its consequences. But it wasn’t unimaginable. We just didn’t have a critical mass of people imagining it. We had 20,000 people in one of our simulations, and 8,000 in another. My goal is to have 20 million—I think that would really help us prepare for the future.

    Why you should think 10 years into the future.

    Jane: When we give ourselves these long, luxurious deadlines, we feel time rich. And when we feel time rich, we think, “I have all this time! I can do what I want. I can do what matters to me.”
    When we have urgent deadlines or too many tasks on our to-do list for today, we feel time poor, time deprived—and then we just don’t use our time, because even though we still have the same amount of time, it feels scarce.

    Another thing that researchers have found is that when we imagine 10 years out, we tend to think about things that are more relevant to our most important values—the kinds of goals that would help us live a life that we would consider really authentic, really true to our dreams or what we find meaningful and purposeful.

    I give people this challenge. It’s not, “where would you like to be in 10 years?” or “what would you like to be different?” The challenge is to try to vividly imagine waking up on a specific day. So, pick a day of the week; is it a Monday? Is it a Saturday? A Sunday? You imagine yourself waking up, and you try to picture every detail. Where are you? Are you in the same room that you woke up in today, or is it a different room? Where is it? Is there somebody with you? Is it a person? Is it a pet? Is it a different person or pet than you might wake up with today? And then imagine what mood you are in. What mood would you like to wake up in? What would put you in that mood? What might be on your calendar for that day that would put you in that mood?

    “Because we’ve given ourselves 10 years, it allows us to dream bigger, and also enjoy that sense of time spaciousness to really make some changes or explore possibilities that we would dismiss as impossible today.”

    And then I tell people, “Go put it on your calendar.” If you’ve just imagined yourself doing this amazing thing that makes you feel a certain way, go ahead and open up your Google or Apple calendar—they do go 10, 20, 30, 40 years in the future—and put it on your calendar. Even better, invite somebody. Invite a loved one.

    It can spark some really interesting conversations about our real hopes and dreams. What is it going to take to get there? Because we’ve given ourselves 10 years, it allows us to dream bigger, and also enjoy that sense of time spaciousness to really make some changes or explore possibilities that we would dismiss as impossible today.

    The future scenarios everyone should consider.

    Rufus: Are there any other future scenarios that you think our listeners should consider?

    Jane: Things to pay attention to: government-mandated internet shutdowns is a huge future force that is spreading globally. If you’re not aware of this phenomenon and not potentially prepared to live through weeks or months of the government turning off the internet, that’s something to think about.

    Another one is climate migration. We’ve got to be willing to think about the risks where we live. Are we in a climate-secure, climate-resilient place that will probably be welcoming others who are migrating out of climate-unsafe regions? If so, we should be prepared to see a higher density of living, to be welcoming to people who have been forcibly displaced. Are we emotionally ready for that? Are we economically ready for that? Also think about our pathways to move if we need to. That is something that every serious futurist that I know is thinking about—pathways of human movement within countries, and across borders. How can we support people economically, socially, mentally, psychologically? How can we make a home? That’s a problem space that warrants so much imagination and innovation and creativity. If I could get all of the smartest minds on the planet to work on something, it would be thinking about movement. That is the biggest future scenario that would benefit from our imagination, and also our innovation.

    Feature Image Credit: Amanda-Dalbjorn /unsplash

    Sourced from Next Big Idea Club

    Sourced from Business Standard

    While Twitter said in its SEC filing that less than 5 per cent of its monetizable daily active users (mDAUs) are fake, Musk believes the number of bots is four times higher

    Tesla CEO on Sunday once again raised the presence of fake/spam accounts or ‘bots’ on Twitter, saying the micro-blogging platform has ‘very bot-friendly’ rules.

    Musk has put the $44 billion buyout on hold till its CEO Parag Agrawal tells him the exact percentage of bots on the platform. currently says less that 5 per cent of accounts on its platforms can be fake.

    A follower tagged Musk, posting “current technical Limits”: “None of these @Twitter limits are aligned with the goal of human-to-human interactions @elonmusk.”

    “Like 1 tweet every 36 seconds during 24 hours is not human behaviour. Neither is changing your account’s email address 4 times per hour,” the follower asked Musk.

    The Tesla CEO replied: “Totally, these are very bot-friendly rules!”

    The Twitter technical limits say that for Direct Messages (DMs), the limit is 1,000 messages sent per day, while for tweets, it is 2,400 per day.

    The “change to account email” is 4 per hour and the technical “follow limit” is 400 per day.

    Musk has asked the US Securities and Exchange Commission (SEC) to probe whether Twitter’s claim on the number of its user base is true.

    While Twitter said in its SEC filing that less than 5 per cent of its monetizable daily active users (mDAUs) are fake, Musk believes the number of bots is four times higher.

    Musk mentioned that the Twitter CEO publicly refused to show proof of less than 5 per cent bots.

    “20 per cent fake/spam accounts, while 4 times what Twitter claims, could be much higher. My offer was based on Twitter’s SEC filings being accurate,” Musk wrote.

    “Yesterday, Twitter’s CEO publicly refused to show proof of less than 5 per cent. This deal cannot move forward until he does,” he had added.

    Musk, at a conference in Miami this month, said that Twitter could have at least four times more fake accounts than what has been revealed in its filing.

    –IANS

    na/ksk/

    Sourced from Business Standard

    By Kelly Main

    Seemingly innocuous habits and tendencies common among entrepreneurs can be signals of a serious problem.

    Feature Image Credit: Getty Images

    By Kelly Main

    Sourced from Inc.

    By

    You can push back without driving customers out the door as long as you take a partnership mindset.

    Very few areas of life have been untouched by Covid-19, especially in the world of . Early on in the crisis, for instance, we saw customers abandon brand loyalties as items flew off the shelves and shoppers migrated to online channels. This is a pretty common cycle: When circumstances change, people explore other options because that process helps them determine whether their current option is actually a good fit.

    Unfortunately, this experimentation has real-world consequences for businesses. One survey of owners found that 82% lost their most profitable client after Covid-19 swept the nation. And despite loans injecting hundreds of thousands of with cash to maintain their payrolls, many still couldn’t manage to keep their doors open. By July 2020, just five months after initial lockdowns, one analysis estimated that more than $1 billion in PPP loans had gone to now-defunct businesses.

    These kinds of stats aren’t exactly comforting to small business owners and entrepreneurs, and as a result, many have resolved to bend over backward for their customers in the hopes of keeping them around long term. But while I understand the sentiment, becoming a yes-man won’t have the effect you desire.

    The art of saying ‘no’

    When increasing customer retention by just 5% can increase profits anywhere from 25% to a whopping 95%, it’s natural to want to meet every request with a confident “coming right up!” But customer demands can’t always be fulfilled precisely as expected, and it’s dangerous to try to fit a square peg in a round hole.

    As the leader of a software company, I’ve seen time and again that customers generally know what kind of outcomes they desire, but sometimes, their requests and desired outcomes aren’t the same. In those cases, we need to be good partners and push back. trying to improve their retention should adopt a similar mindset — focusing their effects on being a good partner, not a sycophant.

    Still, saying “no” can be tricky, so here are a few strategies you can adopt to push back without driving customers out the door.

    1. Set the stage

    In my own business, I’ve found that the best way to ensure client projects don’t go off the rails is to set clear expectations upfront. At the beginning of each project, we dedicate time to ask probing questions that get to the heart of what the client is trying to accomplish. Typically, that will prevent us from going down the path of doing something just because the client asked us to, even if it doesn’t necessarily make sense for the project’s goals. That openness around why we can or can’t do something sets the tone for the entire relationship.

    Discuss any what-ifs, too: What if the project fails? What if you go over budget? And what will happen if things go sideways? As you progress through the project’s stages, make sure to check in with your client or customer regularly. Sometimes, the scope and expectations of a project will change, and that’s okay, but you need to make sure you’re updating the contract alongside those changes to protect your business.

    2. Get radical

    You’re an expert in your industry, but it’s a mistake to act like you know everything. So when a client makes a pipe-dream request, resist the urge to be brutally honest about how bad their idea really is. That kind of obnoxious aggression will just make you look arrogant and rude. Instead, work to establish mutual trust by developing a relationship grounded in radical candour, a style popularized by author Kim Scott back in 2017.

    In short, practitioners of radical candour are able to simultaneously challenge people while still showing that they care. Traditionally, this communication style has been applied to supervisor-employee relationships, but it’s just as relevant for clients and customers. A client request might be next to impossible to deliver on, and you need to communicate that in a way that demonstrates to them that you have their best interests at heart. It’s about pointing out how a particular route could potentially sabotage their long-term success, and because you’re framing that “no” in a way that shows you care about their future, the point is more likely to land.

    3. Offer alternatives

    is probably one of the best examples of a company that understands how to develop a seamless , even in the tricky world of tech. Its Genius Bar employees, who service customers experiencing tech issues, use the three F’s — feel, felt and found — to empathize with frustrated customers. Then, they employ the mnemonic APPLE (which stands for approach, probe, present, listen and end) to guide customers to a conclusion that they believe is their own.

    When you have to turn a client idea or request down in your own business, you should always have an alternate solution waiting in the wings. Being a true partner, after all, means acting as a resource. And when it comes to offering choices, research from the University of Minnesota shows that three is the magic number.

    Companies are scrambling to drive better customer retention because happy customers are their biggest sellers and their biggest advocates. But saying “yes” to every request and idea won’t get you there. Instead, learn how to gently push back on your customers or clients using the tips above and watch transactional relationships transform into lifelong partnerships.

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    Sourced from Entrepreneur

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    A machine learning engineer is a programmer proficient in building and designing software to automate predictive models. They have a deeper focus on computer science, compared to data scientists.

    Machine Learning Engineering has grown in great popularity and is surpassing Data Science. The job title is high in demand with many people from Data Science careers transitioning to become Machine Learning Engineers. It is currently #6 in the top 50 Best Jobs in America, according to glassdoor.

    A Machine Learning (ML) Engineer is a programmer proficient in building and designing software to automate predictive models. They have a deeper focus on computer science, in comparison to Data Scientists.

    The majority of ML Engineers come from one of two backgrounds. The first is those with a Ph.D. in Data Science, Software Engineering, Computer Science, and/or Artificial Intelligence. The other is people who have prior experience as either a Data Scientist or Software Engineer who has transitioned into the role.

    What Does an ML Engineer Do?

    A Data Scientist and ML Engineer both work with dynamic data sets, carry out complex modelling, and have exceptional data management skills.

    The main role of an ML engineer is to design software to automate predictive models which help carry out future predictions. This is how the ‘machine’ ‘learns’ from ‘engineering’.

    The sub-tasks included in doing this include:

    • Researching ML algorithms and tools and how they can be implemented.
    • Selecting the appropriate data sets
    • Selecting data representation methods
    • Verifying the quality of the data
    • Identifying the distribution in the data and how it affects model performance.
    • Iterating training on ML systems and models
    • Perform statistical analysis
    • Fine-tuning the model
    • Improving existing ML frameworks and libraries

    What Skills Do You Need To Be A Successful ML Engineer?

    There are a variety of skills required to become an ML Engineer.

    Programming Skills

    You need to have knowledge in multiple programming languages such as C++, Python, and Java with other programming languages such as R and Prolog which have become important elements in Machine Learning. The more programming languages you know, the better; however that can require a lot of studying.

    Statistics

    Machine Learning has a heavier focus on computer science, using probability and other statistical tools to help build and validate models. Machine learning algorithms are an extension of statistical modelling procedures therefore having a good understanding of the foundations of statistics and maths is important.

    Problem Solvers

    There are going to be times when models fail and it can become very complicated, therefore ML Engineers need to be good problem solvers. Instead of giving up, solving the problem efficiently by understanding the issue at hand and developing these approaches to help you save time and reach your goal faster.

    Understand Data

    ML Engineers quickly gander through large data sets being able to identify patterns to help them understand what next steps to take to produce meaningful outcomes. Using tools such as Excel, Tableau, and Plotly can also be used to provide greater insight into the data.

    How To Start Your Career as an ML Engineer

    How to start your career as an ML Engineer
    David Iskander via Unsplash

    Traditional route: University

    Desirable degrees for ML engineers include Mathematics, Data Science, Computer Science, Statistics, and Physics. These degrees provide ML Engineers with the foundations, aswell as skills in programming, statistical tools, and analysis.

    If you would like to get a better insight on the type of content you will learn at University, have a read of this article: Free University Data Science Resources.

    Once you have completed a degree, you will need to build your skills and experience in fields such as Software Engineering, Data Scientist, etc. ML Engineers require a few years of experience with a high level of proficiency in programming to be successful.

    You can further increase your knowledge by getting a Master’s degree in Data Science, Software Engineering, and/or a Ph.D. in Machine Learning.

    Modern tech route: e-Learning

    With the demand for tech experts in this day and age, another possibility is independent and/or e-learning. This can be done through BootCamps, online courses, Youtube, and more.

    If you are looking to learn through YouTube, there are a variety of YouTube channels that can help you get there. There are YouTubers such as John Starmer, Krish Naik, and more. If you would like to know more, have a read of this article: Top YouTube Channels for Learning Data Science.

    There are also a variety of online courses, some of which are provided by Universities. This shows the demand for tech experts as Universities have taken the time to create courses to help meet this demand. With the new remote lifestyle, online courses are becoming more and more popular to help accelerate people’s careers.

    An excellent platform that has recently interested me is Great Learning, which provides courses in Data Science & Business Analytics, AI & Machine Learning, Cloud Computing, Software Development, and more. One of their most popular Machine Learning courses is: Data Science and Machine Learning: Making Data-Driven Decisions Program.

    ML Engineers have to know a lot of knowledge surrounding Machine Learning, and the different types of algorithms. If you would like to know more about the type of algorithms you will learn in Machine Learning, have a read of this article: Popular Machine Learning Algorithms.

    Books

    Although many things have moved online, fewer and fewer people read books. Books are a great way to learn, however, it can be difficult to know which book to choose. I would highly recommend the book Machine Learning for Absolute Beginners by Oliver Theobald.

    If you would like more Machine Learning book recommendations for different levels of learning; beginners, intermediate, and experts, have a read of this article: Machine Learning Books You Need To Read In 2022

    It’s Not An Easy Route, But It’s Worth It

    Becoming an ML Engineer won’t happen overnight, but once you have obtained the correct qualifications, skills, and experience, you will be in a field that provides you with a solid future. It requires a lot of hard work and determination, all you need to do is put in the work.

    Nisha Arya is a Data Scientist and Freelance Technical Writer. She is particularly interested in providing Data Science career advice or tutorials and theory based knowledge around Data Science. She also wishes to explore the different ways Artificial Intelligence is/can benefit the longevity of human life. A keen learner, seeking to broaden her tech knowledge and writing skills, whilst helping guide others.

    Feature Image Credit: rawpixel

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    Sourced from KDnuggets

    Sourced from Entrepreneur

    The tool will guarantee brands that their ads appear in the most relevant content in twelve different categories.

    TikTok’s reach is undeniable. The Chinese social network has revolutionized the world and its growth figures are impressive. Content creators have found a way to build communities on the platform and will soon be able to use it to generate revenue through TikTok Pulse , an ad sales program that will help brands reach the audiences they want while benefiting financially. to powerful tiktokers.

     

    Through a statement , the social network explained what it is about: “To help brands stay on top of entertainment and culture on TikTok, we are pleased to introduce TikTok Pulse, a new contextual advertising solution that allows advertisers to place your brand next to the main content in the ‘For You Feed’. TikTok Pulse is designed to give brands the tools and controls to be a part of these everyday moments and trends that engage the community.”

    The program will launch in the United States in June of this year and in other territories in the fall. It is reserved for creators who have more than 100,000 followers and advertising will only appear on 4% of the content on the platform; the one with the greatest range. Among the content categories that TikTok Pulse will use are: beauty, fashion, cars, video games and cooking.

    The social network has explained that the contents will be reviewed before displaying ads next to them to guarantee safe environments for brands . Additionally, TikTok Pulse will include metric measurement tools so brands know exactly how their ads performed.

    The arrival of TikTok Pulse represents an important evolution for the platform that until now had not explored advertising revenue schemes shared with content creators. During the launch stage, content creators will receive 50% of the income from advertising related to their posts.

    Feature Image Credit: TOLGA AKMEN | Getty Images

    Sourced from Entrepreneur