As needs of organizations and individuals grow, so also do their need of computing power, and storage space.
The market, as we have it today is controlled by a few major players, and prices of accessing these services remain high for the majority.
Just a few companies are able to comfortably cover such needs.
A LOOK AT IAGON
IAGON wants to ensure that development and innovation is not hampered, and the needs of a greater portion of the population can be met. This is why they have come up with a solution that is much more affordable and offers more benefits to go along with that.
IAGON is a decentralized cloud storage solution that hopes to revolutionize the cloud computing and big data industries.
By pulling together the resources of users globally which are left in an idle state, they are able to harness this power and redirect storage and computing power resources to where they are needed the most. In so doing, they are able to have a supercomputer with unlimited possibilities and power to meet the needs of individuals and companies, at a fraction of the cost.
To access this power and storage, users do so via IAGON (IAG) tokens. IAG tokens are also used in rewarding users, who use their personal computers and smart devices to create this super computer.
This service will be available not just on the blockchain, but also on centralized channels. It works with SQL and NoSQL databases.
WHATS SPECIAL ABOUT IAGON?
IAGON uses some key technologies that ensures it stands out from the crowd. Some of course, are already existent, but they go a step further to improve on them.
MULTIPLE CHOICES: IAGON's service users have the option of using it’s services on Ethereum and tapping into Tangle technology that it also uses. IAGON has plans to build more private chains, if the need arises. This will also ensure that there is no single point of failure.
RESOLUTION PROTOCOL: This ensures that the integrity of nodes is maintained. It also makes provision for manual override.
IMPROVED SECURE LAKE TECHNOLOGY: Smart lake technology as it is today, doesn’t stop hackers from getting access to files, once they are in. But with IAGON, access is restricted using a “freezing” method so to speak. Only authorized users, having their Keys can have access to such files.
SMART COMPUTING GRID AND AI-TRACKER TECHNOLOGY: The smart grid connects multiple producers to customers, and ensures the transfer of resources from areas where they are not utilized to areas where they are most needed. AI-tracker learns as it carries out activities, and as time goes on, it learns how to function optimally, identify and take care of rogue nodes from the grid.
REINFORCED LEARNING:The method through which IAGON’s AI learns over time, is known as reinforced learning. The AI is continuously undergoing a learning process, which it uses to make better informed decisions, and work more efficiently.
Organizations that cannot afford to have their own cloud storage facilities are forced to make use of third party solutions. Now the problem with current centralized solutions is that they are expensive, prone to downtime and hacks, which leads to a huge loss in revenue.
According to DataCenterKnowledge, In 2017, the four hour AWS outage caused S&P companies to lose $150m
The blockchain provides an extremely secure backbone, which uses SHA 256 algorithms, that need massive computational power, which is not currently available, to be hacked. As a result of these, companies are now able to have more efficient services, while saving a huge chunks of funds, that can be diverted elsewhere, or used to increase their usage. These are some of the benefits, businesses stand to gain.
Having this super computer, created as a result of resources being pulled together from personal computers, ensures that scaling up can take place rapidly, companies can have as much computing power as they need, and services rendered are also more secure and affordable.
Not everyone has a huge budget, and smaller development teams, for example, those also running NGO’s or in low income countries, will have a greater chance of being able to have access to greater computing power and storage spaces. A lack of these hamper developments, and makes projects stall, or never see the light of day. This no longer has to be the case.
Stiff competition is also great. Cheaper and better solutions, ensure that other players will review their services. Lower prices will also ensure that entirely new customers are won over.
As a result of this, the cloud computing industry will be the better for it and will improve.
SUMMARY
Artificial Intelligence and the big data industries are all set for massive growths. Affordable solutions such as these ensure that the industry is ready for new entrants and also organizations with growing needs.
Users stand to also gain financial rewards, by partnering with IAGON. By being part of this super computer network created, thanks to their personal computers, users are rewarded via IAG tokens, which they can easily convert to fiat. Money can be made very easily, from resources left in an idle state.
AI and Big data industries will also thrive, learn from innovative solutions, and will be able to create better solutions altogether. This ensures that resources are not lacking for scientific research, and as the industry size grows, so will the revenue coming in.
These are certainly interesting times we are in.
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