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Coinfest Asia Returns For 2023 With A Web2.5 Theme

The immersive festival will be held in Bali on 24-25 August 2023 to the delight of crypto enthusiasts, developers, and creators.

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coinfest asia returns for 2023 with a web2.5 theme

Coinfest Asia, the immersive Web3 festival, will return on 24-25 August 2023 in Bali. The previous event hosted over 2,000 participants from 50+ countries, with attendees coming from institutional, retail, and regulatory backgrounds.

For this year’s event, Coinfest Asia will be held under a new theme known as Converge. As the name suggests, Converge will bring together Web2 and Web3 industries into the transitional Web2.5 implementation.

The internet has existed for over 50 years, with most experts agreeing that its development happened in two distinct cycles. Web1 was the basic internet that most users are familiar with, and existed primarily to share information. Web2, on the other hand, allowed users to create more interactive web pages. The next internet iteration, Web3, takes things to another level with blockchain, crypto, decentralized technologies, NFTs, AI, and the Metaverse.

To many people, however, Web3 is still quite an abstract concept. Coinfest Asia hopes to bridge the gap by focusing on the halfway house of Web 2.5.

“This year, Coinfest Asia will be back with insights and various interactive and interesting activities about the Web 2.5 industry, which is a period of industry transition from Web2 to Web3. This event is also our platform to contribute so that the industry on Web3 continues to grow, especially in Asia,” says Felita Setiawan, Director of ICN and organizer of Coinfest Asia.

Also Read: The Largest Data Breaches In The Middle East

Coinfest Asia will showcase Web2.5 case studies and real-life solutions, while companies can show off their products and network with one another. Outside corporate-based activities, the event will also see crypto enthusiasts, developers, creators, and fund managers coming together to explore the latest technologies.

Through Coinfest Asia, attendees will be invited to experience the shift from Web2 to Web3 themselves, and with tickets available today at special prices, there’s never been a better time to experience what the future holds for your favorite technologies!

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How Motorsports Teams Use Big Data To Drive Innovation On The Racetrack

Discover how the best motorsports teams in the world use the vast volumes of data they generate to achieve an edge over the competition.

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how motorsports teams use big data to drive innovation on the racetrack

Motorsports — some may not view them as real sports, but nowhere else can you see man and machine working together in perfect harmony, pushing to the absolute limit of performance. While the best racing drivers in the world are battling it out on track, there’s another race going on behind the scenes: a battle of minds with some of the brightest engineers in the world working to extract every ounce of performance out of their machinery. Motorsports are as much a competition for the engineers and crew as it is for the drivers themselves.

At their very core, motorsports are all about finding an advantage over your competitors, however large or small, because every little bit counts. And the best way to gain a competitive edge over your rivals is to use data — tons and tons of it.

Using Data To Unlock On-Track Performance

Racing teams generate and analyze huge volumes of data per race; we’re talking tens of terabytes measuring every single aspect — even the most minute — of not only the vehicle’s performance but also the driver’s.

There are many different categories and classes of motorsports, ranging from road cars to purpose-built racing cars like in Formula One or bikes in the case of MotoGP. These two motorsports have the most popular championships in the world, but for simplicity’s sake, we’re going to stick with Formula One (F1), described as the very pinnacle of motorsports.

Teams collect data for three main reasons: to measure the vehicle’s performance on track, to measure the driver’s performance, and to help the engineers identify and understand key areas of improvement on the car.

F1 cars have thousands of sensors monitoring parameters such as tire temperature, brake temperatures, engine performance, component wear, and so on in real time (known as telemetry data). These teams can also use the data gathered, along with feedback they receive from the drivers, to make minor real-time adjustments to the car during the race, such as engine power settings. This telemetry, along with the weather information the teams gather, can also enable them to devise effective race strategies to decide exactly when to pit and change tires and what compound of tires to switch to, especially when weather conditions are unpredictable.

If this wasn’t impressive enough, the race engineers can also view the driver’s exact inputs: when they’re braking, accelerating, and turning into a corner, alongside a host of other information like heart rate and other biometric data. The engineers can then give them feedback on what is working and what isn’t, enabling the driver to adjust their approach to extract even more performance out of themselves and the car. It’s safe to say that in modern F1, even the cars are data-driven.

Data-Driven Development In The Factory

The petabytes of data gathered by racing teams on the track are then analyzed after the race to determine what areas of the car need improvement. Since F1 greatly restricts on-track testing, teams are forced to rely on incredibly complex simulations to develop the car. The more accurate data they use, the more accurate these simulations.

This data is also used by the team to develop F1 car simulators that are used by the drivers. These simulator rigs are much more accurate, complex, and unsurprisingly expensive compared to consumer simulator rigs. This simulator testing plays a major role in not only helping the engineers understand the characteristics of the car without having to perform on-track testing, but also in helping them set up the car for a race. Each track is different, and the car setup varies depending on the track and weather conditions during the race weekend.

Data Is King

In motorsports, every little advantage can make a difference. And with F1’s recently introduced budget cap, teams can no longer dump huge amounts of money to fix any issues with their cars, meaning data is now the most valuable currency in F1.

Big data analytics will only continue to play an increasingly prominent role in motorsports as has been the case since the early 80s. The most competitive teams are those that know how to effectively use the vast amounts of data at their disposal to drive innovation on the racetrack.

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