The electric power system makes our modern, mobile, information-age economy possible. But it is organized in much the same way it was in 1884, when Thomas Edison created the first system of power plants to light up homes and businesses in lower Manhattan. By way of comparison, the iPhone, which is the spiritual descendent of the telegraph, packs more computing power in a user's pocket than mainframes that once filled entire rooms. Meanwhile, the electric system is still built around central generating plants delivering power to customers via a monopoly provider—the local utility company.
Bring up the topic of wearables these days, and you’re likely to see rolled eyes, shrugged shoulders, and a general sense of “whatever.” The problem, of course, is that wearables were badly overhyped and haven’t even come close to living up to the expectations that many companies, analysts, and industry observers had for the category.
City officials worldwide are bursting blood vessels trying to figure out how to create their own version of Silicon Valley. From the Silicon Hills in Austin, Texas to Silicon Alley in NYC, the Silicon Docks in Ireland’s capital city to Silicon “Wadi” in Israel, potential new global tech hubs are popping up everywhere.
The consumer financial services industry currently boasts a $33.5 billion market cap globally.
For years, the most common and accurate way of indicating whether consumers qualify for an approved loan or line of credit was by analyzing general online data and traditional credit intelligence metrics. Today, with real-time consumer data becoming easily accessible and more emphasis is placed on creating cutting edge banking solutions for a mobile generation, financial technology companies have risen and claimed a reputation for actively disrupting the traditional banking infrastructure.
India is increasingly becoming the new hub for tech startups in the world. It is already known for its technological prowess, but never really showed growth in the startup ecosystem until PM Modi took over providing incentives to new startups under the ‘Make in India’ campaign.
Most of the giant technology companies have directed all their efforts towards smart homes, connected cars and the smart office, reshaping our daily lives. In 2017 we will see more smart objects being produced on a much broader scale.
Often, even successful startups are jittery when pitching for large clients or projects, simply because they end up undermining their own strengths and feel less capable as compared to their larger and more established counterparts. But little do they realize that have a lot of value to add, simply by virtue of the fact that they are a startup. And more often than not, even prospective clients are now looking for business partners who bring the ‘startup advantage’ with them, not just in terms of lower costing, but also the nimbleness and culture of innovation that startups have come to represent.
Today, ethical and sustainable products are king. Nearly three-fourths of Millennials, the demographic piloting this movement, are willing to pay more for sustainable products, according to a recent Nielsen study. Another 91 percent will switch brands to benefit a cause they believe in. And for budding tech companies looking to attract Millennial customers, these statistics are worth noting.
The dotcom boom of the 1990s was a glorious and wonderfully chaotic time. When it began, nobody really knew that there was such a thing going on as a “dotcom boom,” they just knew that there was something exciting and disruptive happening, and they wanted in. Only a very small handful of visionaries truly saw the full scope of what it was and how it would change the world.
During this year’s Super Bowl, Ford aired a commercial showing how it’s working on new ways to solve transportation problems. Many companies are engaged in similar efforts as they strive to remain one step ahead of market-changing startups like Uber, WhatsApp, Slack, and Snap. And when internal research and development efforts aren’t enough, companies turn to innovation programs, which can take many forms, depending on the area of focus.
You’re an engineer. Let’s say you’re charismatic enough to have the persuasion skills to pull other engineers to you. You decide to take the startup route, packaging yourself, your colleagues and an aspect of your research as ‘doing X for Y within a market’ where the market size is something in the X$billions.
How is technology shaping the healthcare sector and what is on the horizon? A digital healthcare transformation is taking place globally that will have an immense impact on patients and providers alike. Here are four trends shaping the future of digital healthcare.
American business publication Fast Company has released its list of the most innovative companies of 2017. The annual list ranks enterprises that “tap both heartstrings and purse strings and use the engine of commerce to make a difference in the world” according to its website.
Innovation is generally thought of in terms of leaps and bounds. The giant steps forward that transform industries and change the way we live. But smaller acts of ingenuity can also deliver lasting, meaningful benefits.
You don't have to be an entrepreneur and own a business to be entrepreneurial and innovative in the workplace. However, if you want your team to show entrepreneurship and pride of ownership, then you need the support from the company's leadership team. Company leaders have to foster a culture that encourages idea sharing, inspires innovation and rewards employees for exploration, collaboration and taking pride in their work.
The UK government is being challenged on many levels regarding its plans to negotiate a 'Brexit'. An important question for pharma and innovation is, will the UK government continue with its plans to formally ratify an international convention on patents called the Unified Patent Convention (UPC), that has taken about 40 years to negotiate.
Most people are familiar with Apple iOS devices’ ‘intelligent assistant’ Siri and Microsoft’s Cortana, bank fraud detection and self-driving cars. Yet sometimes machine learning is included in artificial intelligence (AI). Most people confuse the two technologies. So what is the difference? Well with AI we can teach a machine how to win a poker match using a machine learning system.
You have probably heard of cyber, big data, digital, mobile, telematics, IoT…and so has your CEO. These are the things that big companies immediately think about when they contemplate the future. So it makes perfect sense that it would be easier to get the green light to invest in a company in one of these categories.
Humanity has come a long way since the very first cities began to emerge about ten thousand years ago. Today, places like New York, Tokyo and Dubai are centers of innovation and human progress. Urban projects globally are pushing the limits of engineering, design and architecture. Exponential technologies are being integrated into the very skeleton of human civilization. Above all, we are seeing an emergence of futuristic societies with an inspiring vision for humanity.
By 2018, 70 percent of utilities are predicted to launch major digital transformations in response to the challenges faced in their current business model. For utilities, vendors, and regulators, the challenge is not just to examine and optimize existing processes, but also finding entirely new ways of conducting business in a digital grid across a vast number of areas and functions.
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