A big opportunity for entrepreneurs and innovators is to remove humans from IT: Vinod Khosla

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Venture capitalist Vinod Khosla

Venture capitalist Vinod Khosla at Gigaom’s Structure conference, said one of the biggest opportunities for entrepreneurs and innovators in the enterprise is cutting out the human IT staff and going full automation, potentially with technologies like deep learning. “It’s ridiculous to have humans manage the level of complexity that they do. People are a big cost in IT. Let’s take that out,” said Khosla. (Video)

 

 

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The largest companies by revenue in every state: Map

revenue map

The map above shows the largest company by revenue in every state in the U.S.  The map drew information from Hoover’s, a Dun & Bradstreet company,  database of company profiles. It was created by Mike Simmons in collaboration with Broadview Networks. The site updates information based on figures available from the most recent fiscal year.

 

 

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Jobs lost to automation may not be all doom and gloom

automation

Arrival of human level automated systems marks a transformative time in history.

Nearly half of U.S. jobs could be at risk of computerization over the next two decades, according to a new study from the Oxford Martin Program on the Impacts of Future Technology. This does not necessarily need to be bad news, says futurist Thomas Frey in a recent Futurist Magazine essay.

 

 

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The Holoroom – Lowe’s launches holographic virtual reality showroom

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The Holoroom

Brick-and-mortar retail has changed little since the Internet exploded into our lives in the mid-1990’s. We now go into a store to figure out what we want to buy only to go home and buy it online from whoever offered the lowest price and free returns. But a number of retailers are looking for ways to leverage technology to get shoppers excited about buying in-store again. (Photos and video)

 

 

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The Connected Fitting Room eliminates personal interaction with salespeople

fitting room

The Connected Fitting Room

Retailers rely heavily on online shopping. This has many advantages to in-store shopping for both the customer and the retailer. Online shopping doesn’t allow for spontaneous purchases. But it also doesn’t permit the customer to try on a garment. Seeing how a color looks against your skin or how an item fits on your body is imperative in deciding whether or not to keep an item, and this is only possible through actually going into a fitting room.

 

 

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U.S. healthcare most expensive and worst performing in a new international ranking

rankings

The origin of the phrase “You get what you pay for” – the origin of that phrase is sometimes attributed to the fashion mogul Aldo Gucci, who said, “The bitterness of low quality is remembered long after the sweetness of low price has faded.” But Americans get neither quality nor affordability when it comes to healthcare.

 

 

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Study shows startups are better off taking less venture capital

entrepreneurs

Entrepreneurs fared better taking less venture capital.

It seems that raising as much venture capital as humanly possible is Silicon Valley’s mantra, there are reasons to be cautious when signing termsheets. Startups raising a couple of million dollars had a median exit price of more than $10 million, while the outcome for those raising double that was actually worse, a recent study shows.

 

 

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