Business – Page 10

2019 Predictions, Business, government, Healthcare, Science & Technology News

Five traditional industries on the verge of an innovation boom

July 1, 2019

According to the technology and data company Crunchbase, an astounding $825 million in venture capital investment has flowed into legal and legal-tech sectors just since the start of 2018.What do you think about when you hear the terms “disruption” and “technological innovation?” What industries and sectors come to mind?

Autonomous cars, cloud computing, artificial intelligence, genetic testing, cryptocurrencies and various other technologies likely populate the top of your list.

However, if you strictly limit your perception of innovation to these flashy concepts, you could be missing out on transformational booms that are happening across industries that wouldn’t be categorized as cutting edge.

Because of significant injections of investment capital and a traunch of fresh ideas, new companies and opportunities are arising in traditional fields that may challenge your perception about which markets are hot versus which are not.

Continue reading… “Five traditional industries on the verge of an innovation boom”

Automobiles, Business, Latest Trend, Science & Technology News

‘The pain is just beginning’: After 38,000 layoffs, Wall Street wakes up to ‘peak car’

June 21, 2019

What goes up must come down, even in car-loving America.

Global demand for cars will decline 3% in 2019, analysts predict.
There have been at least 38,000 job losses among automakers in the past six months.
One stark example: Commercial vehicle exports from the UK collapsed by 89% in April.
The decline in car sales has already wiped 0.2% off global gross domestic product, according to Fitch Ratings.
The world may have already passed “peak car.”

For the auto business, “the pain is just beginning,” according to the Nomura analyst Masataka Kunugimoto and his team. “We now expect global auto demand to be down 3%,” year on year, in 2019, he told clients recently.

Continue reading… “‘The pain is just beginning’: After 38,000 layoffs, Wall Street wakes up to ‘peak car’”

Business, Latest Trend, New Viewpoints, Science & Technology News

The future of business is purpose: Here are its leaders

May 29, 2019

The 2018 Best For The World honorees include (clockwise from top left):
Sunrise Banks, Animal Experience International, Mascoma Bank, and CORE Kitchen.

21st century business leaders see assets everywhere and in everyone. They create value and competitive advantage by competing not just to be best in the world, but best for the world.

As consumers, talent and investors increasingly seek values-aligned businesses to buy from, work for and invest in, entrepreneurs are seeking to create the greatest positive impact not just to be nice, but to be more successful. The supporting evidence is mounting and clear.

Continue reading… “The future of business is purpose: Here are its leaders”

AI, Artificial Intelligence, Business, Insurance, Internet of Things, Science & Technology News

Very risky business: the pros and cons of insurance companies embracing artificial intelligence

May 7, 2019

The enabling technology for insurers to use AI is the ‘ecosystem’ of sensors known as the internet of things.

It’s a new day not very far in the future. You wake up; your wristwatch has recorded how long you’ve slept, and monitored your heartbeat and breathing. You drive to work; car sensors track your speed and braking. You pick up some breakfast on your way, paying electronically; the transaction and the calorie content of your meal are recorded.

Then you have a car accident. You phone your insurance company. Your call is answered immediately. The voice on the other end knows your name and amiably chats to you about your pet cat and how your favourite football team did on the weekend.

You’re talking to a chat-bot. The reason it “knows” so much about you is because the insurance company is using artificial intelligence to scrape information about you from social media. It knows a lot more besides, because you’ve agreed to let it monitor your personal devices in exchange for cheaper insurance premiums.

Continue reading… “Very risky business: the pros and cons of insurance companies embracing artificial intelligence”

Business, Finance, Science & Technology News, Startup

How Incubators are Shaping the Indian landscape

April 30, 2019

According to the NASSCOM India Startup Ecosystem report, India has retained its position as the third largest Startup Ecosystem in the world. More than 1,200 startups came up in 2018, including eight unicorns, taking the total number to 7,200 startups, NASSCOM reported. Considering the scale of the Indian market, even average startups can find a viable market even with average ideas and poor quality. However, on the flip side, India with its diversity and wide-ranging issues also offers a fantastic test base to develop a robust and innovative product.

In this dynamic and complex landscape, while an increasing number of entrepreneurs are emerging, a report by IBM Institute for Business Value and Oxford Economics found that 90 per cent Indian startups fail within the first five years. The emerging incubator ecosystem in the Indian landscape is a welcome shot in the arm for the starry-eyed startups.

Continue reading… “How Incubators are Shaping the Indian landscape”

brains, Business, Employment, New Viewpoints, Science & Technology News

The importance of foresight : Why intuition and imagination will be critical in the future of work

April 17, 2019

In his book Thinking Fast and Slow, Daniel Kahneman refers to the parts of our brain, where he suggests there are two competing intelligence at play.

He specifies one area affiliated to “system 1” which is known to be an area relying on speed in decision making and on emotion in information perceiving. System 1 is based largely on our instinct and intuition unconsciously stored by past experiences that are often rapidly available to memory. The second area is affiliated to “system 2” which is known to be an area for slow and deliberate decision making and more rational in information perceiving. This area takes in information based on our conscious appraisal of current events, and our stored episodic long-term memories, which are slowly available to memory. Why do we care?

Continue reading… “The importance of foresight : Why intuition and imagination will be critical in the future of work”

Amazon.com, Automation, Business, Science & Technology News, Shopping

7-Eleven unveiled a store of the future complete with scan-and-go tech, craft beer, and tacos as it prepares to fend off Amazon Go

April 10, 2019

The store’s also got made-to-order smoothies. Courtesy of 7-Eleven

7-Eleven launched a lab store in Dallas on March 22.

The store features plenty of new additions, like in-store baked cookies and a craft beer station.

“7-Eleven stays at the forefront by pushing the boundaries and being unafraid to try new things,” Chris Tanco, 7-Eleven’s executive vice president and chief operating officer, said in a statement.

Via BusinessInsider

Analysis, Business, Employment, Science & Technology News

The 15 American jobs where salaries are rising the fastest

April 1, 2019

For many Americans, wages have remained relatively stagnant in recent years, rising only between 2 and 3 percent per year since 2013, Pew Research Center reported in August. After accounting for inflation, today’s wages have around the same purchasing power they did 40 years ago.

But in certain professions, salaries have recently grown much faster. GOBankingRates analyzed data from Glassdoor, Salary.com and the Bureau of Labor Statistics for 45 occupations across the U.S. to determine where wages rose the most between 2014 and 2018.

Here are the top 15 U.S. jobs where salaries are growing the fastest.

Continue reading… “The 15 American jobs where salaries are rising the fastest”

Business, Science & Technology News, Startup, women

The rise of women entrepreneurship in India

March 15, 2019

Women have started to realise their power and exploring different ways to pursue their passion

Women who seem to be limited to their home in the old days are now exploring the world of entrepreneurs. They come out as a strong contender with several leadership qualities which make them perfect to rule the entrepreneur’s world. In recent years, there is a rise in the graph of women entrepreneurship in India. And now, Indians can proudly say that women entrepreneurship is not an obscure concept any longer at least in our country.

Well, known leaders such as Kiran Mazumdar Shaw, Indra Nooyi, Chanda Kochar paved way for other women to come out and start something of their own and can easily become an independent entity which can not be undermined by gender politics or any kind of partiality. In the last few years, women of India has already comprised almost 30per cent corporate senior management positions. It might seem a small percentage but this number is continually rising.

Continue reading… “The rise of women entrepreneurship in India”

Automation, Business, Robotics, Robots, Science & Technology News

The big American robot push

March 7, 2019

In a challenge to the narrative of a declining American advantage in the global tech race, U.S. factories are installing record numbers of robots — and elite universities, endowed with huge new contributions, are adding vast centers to study artificial intelligence.

Why it matters: As we have reported previously, China has a massive global lead in the absolute number of new factory robots, and is pouring large sums into developing AI. But the twin U.S. trendlines — a surge in university research spending and the spike in robots — suggest a still-robust competition to dominate technologies of the future.

Continue reading… “The big American robot push”

Analysis, Big Data, Business, Science & Technology News

No, Data is not the new oil

March 4, 2019

“Data is the new oil” is one of those deceptively simple mantras for the modern world. Whether in The New York Times, The Economist, or WIRED, the wildcatting nature of oil exploration, plus the extractive exploitation of a trapped asset, seems like an apt metaphor for the boom in monetized data.

Antonio García Martínez (@antoniogm) is an Ideas contributor for WIRED. Previously he worked on Facebook’s early monetization team, where he headed its targeting efforts. His 2016 memoir, Chaos Monkeys, was a New York Times best seller and NPR Best Book of the Year.

The metaphor has even assumed political implications. Newly installed California governor Gavin Newsom recently proposed an ambitious “data dividend” plan, whereby companies like Facebook or Google would pay their users a fraction of the revenue derived from the users’ data. Facebook cofounder Chris Hughes laid out a similar idea in a Guardian op-ed, and compared it to the Alaskan Permanent Fund, which doles out annual payments to Alaskans based on the state’s petroleum revenue. As in Alaska, the average Google or Facebook user is conceived as standing on a vast substratum of personal data whose extraction they’re entitled to profit from.

Continue reading… “No, Data is not the new oil”

Business, Employment, Latest Trend, Science & Technology News

Gen Z : Is your business prepared for the future?

February 23, 2019

Understanding what the next generation will bring to the workplace

Remarkably health-conscious, radically inclusive, highly entrepreneurial and competitive. These are just a few of the words used to describe Generation Z, which includes individuals born after 1995. These characteristics are important to recognize when considering Gen Z’s overall impact on the workforce, but it’s also important to consider what other traits they exhibit that could jolt an organization.

This generation is already larger in number than millennials, and therefore is truly the future of the global economy, an economy that is already at our doorstep. Is your business prepared to attract, retain, develop and engage them? What makes this population so unique, and what does this mean for your company?

Continue reading… “Gen Z : Is your business prepared for the future?”