thecxofortune > Big Data

Data Transfer Project extends as Apple joins in


It’s been a year since the Data Transfer Project was launched officially. And now, Apple is joining the team as well. With Apple onboard, the data in and out of the iCloud will be done though an interoperable system. Apart from Apple, other social media giants like, Facebook and Twitter have also signed up as part of the project.

Basically, the Data Transfer Project is an open-source project by Google. The  idea here is to make it easier for the transfer of big data from one service/platform to another. The Project has mostly consisted of back-end coding to make data export tools like Google Takeout and Access Your Information tool from Facebook compatible with each other. Instead of downloading the data into a hard drive, the Data Transfer Project allows you to port the data directly from service to service. For instance, you can directly transfer your Facebook photos to your Google Photos app.

The biggest advantage here is that the Project assures absolute security. “We are continually making improvements that might cause things to break occasionally. So as you are trying things please use it with caution and expect some hiccups,” says the official website. With Apple joining the team now, more data aid will be coming in.

Bitfury Group seeks the aid of AI for its Big Data


Bitfury Group is well known for its crypto mining. Now, it’s turning its direction towards AI and big data for its future growth. The firm has recently launched a new artificial intelligence firm to help it break down the vast amounts of big data that pours into the company. The idea is to derive value from the data.

According to co-founder and CEO of Bitfury Valery Vavilov, data is “the next oil” where roughly 98 percent of the data is just sitting in stores waiting to be mined. And what better mode than AI to scan through the data?

While speaking of the new AI division of his firm, the CEO also said that security is another important factor with data. He said that the analysis of the firm’s data would be effectively utilizing blockchain. “We also need to trust that data so that’s where blockchain comes in,” Vavilov said.

Bitfury also offers a wide range of blockchain services as well. For its computer and crypto mining hardware, the company also has many data centers. Soon, Bitfury will be holding its IPO in a stock exchange in either Hong Kong, Amsterdam or London. Vavilov also said in the interview that to “help this incredible technology achieve maximum impact, Bitfury is expanding our mission to offer hardware and software solutions designed especially for AI applications.”