Business – Lifeboat News: The Blog

Jun 11
2020

13 Evolving And Emerging Uses For Blockchain Technology

Many consumers may have heard of blockchain technology, especially in relation to cryptocurrency. However, they may not be aware of its full potential and impact across industries. Blockchain has the potential to simplify and add greater security to data management, and since its inception, this technology has quietly been changing business processes.

To get further insights, we asked the members of Forbes Technology Council to share some ways blockchain has changed (or will soon change) business. Their best answers are below.

Photo:

Jun 9
2020

How the pandemic fast-tracked this multibillion-dollar industry | Make It International

The coronavirus pandemic has been a real learning curve, not least for educators. But with many schools now reopening, questions are being asked about what the future of education might look like. CNBC Make It’s Karen Gilchrist spoke to entrepreneurs in India, Hong Kong and the U.S. to learn more about the multibillion-dollar business opportunity.
–

Like our Facebook page:
https://www.facebook.com/cnbcinternational

Jun 9
2020

Minneapolis Manufacturing Company Will Leave City after Plant Burned in Riots

A Minneapolis manufacturing company whose plant was set on fire by rioters plans to leave the city, saying that city officials afforded them no assistance in handling the destruction.

“They don’t care about my business,” 7-Sigma Inc.’s president and owner, Kris Wyrobek, told The Star Tribune about Minneapolis public officials. “They didn’t protect our people. We were all on our own.”

The 7-Sigma plant in south Minneapolis, which the company has maintained since 1987, shut down several hours early around 7 p.m. instead of 11 p.m. as a precautionary measure on the first night of rioting. The company manufactures several products, including rollers for high-speed printing presses and medical training mannequins.

Jun 9
2020

Texas Reports Record-Breaking COVID-19 Hospitalizations As State Reopens

Guessing things are about to get dicey.

Texas reported a record-breaking number of COVID-19 hospitalizations Monday as the governor plans to reopen more businesses and double capacity.

Texas Department of State Health Services figures show 1,935 people were admitted as hospital patients for coronavirus-related treatment. That is up from a previous record of 1,888 on May 5.

The department’s new figures were released as Gov. Greg Abbott moves forward with a plan to open bars, restaurants, amusement parks and other businesses to 50% capacity.

Jun 8
2020

Nio might have figured out battery swap for electric cars as it completes 500,000 swaps

Over the years I have been covering electric vehicles, I’ve seen several companies attempt to add value to EVs by using swappable battery packs.

The idea is that if charging takes longer than refueling a tank of gas, we could just swap a battery pack for a fully charged one.

A startup called Better Place built its entire business model around it and went bankrupt.

Jun 8
2020

The Impact Of Artificial Intelligence On Professional Services

Accountants and lawyers to use AI to cannibalise their business – before someone else does.

Jun 8
2020

OpenAI & UberAI Proposed A New Method To Neural Architecture Search

Recently, OpenAI collaborated with UberAI to propose a new approach — Synthetic Petri Dish — for accelerating the most expensive step of Neural Architecture Search (NAS). The researchers explored whether the computational efficiency of NAS can be improved by creating a new kind of surrogate, one that can benefit from miniaturised training and still generalise beyond the observed distribution of ground-truth evaluations.

Deep neural networks have been witnessing success and are able to mitigate various business challenges such as speech recognition, image recognition, machine translation, among others for a few years now.

According to the researchers, Neural Architecture Search (NAS) explores a large space of architectural motifs and is a compute-intensive process that often involves ground-truth evaluation of each motif by instantiating it within a large network, and training and evaluating the network with thousands or more data samples. By motif, the researchers meant the design of a repeating recurrent cell or activation function that is repeated often in a larger Neural Network blueprint.

Jun 6
2020

Locus Robotics raises another $40M as retailers increasingly look to automate

The COVID-19 pandemic will have a profound impact on robotics, as more companies look to automation as a way forward. While wide-scale automation had long seemed like an inevitability, the pandemic is set to accelerate the push as corporations look for processes that remove the human element from the equation.

Of course, Locus Robotics hasn’t had too much of an issue raising money previously. The Massachusetts-based startup, which raised $26 million back in April of last year, is adding a $40 million Series D to its funds. That brings the full amount to north of $105 million. This latest round, led by Zebra Technologies, comes as the company looks to expand operations with the launch of a European HQ.

“The new funding allows Locus to accelerate expansion into global markets,” CEO Rick Faulk said in a release, “enabling us to strengthen our support of retail, industrial, healthcare, and 3PL businesses around the world as they navigate through the COVID-19 pandemic, ensuring that they come out stronger on the other side.”

Jun 5
2020

IoT, AI and blockchain will change every aspect of enterprises and our lives: Oracle

The current health crisis has snowballed into a world economic crisis, where every old business norm has been challenged. In such times, we cannot fall back on old ways of doing our business. Today, three technologies

Internet of Things(IoT), Artificial Intelligence (AI), and blockchain are poised to change every aspect of enterprises and our lives. Now more than ever, organisations realise the pertinent need for a robust digital foundation for their businesses as their future plans have been disrupted. “To achieve that level of business sophistication holistically it is imperative that there is a seamless flow of data across all the functions of an enterprise. That requires connected data that is secure and one that is driven by connected intelligence,” Guruprasad Gaonkar, JAPAC SaaS Leader for ERP & Digital Supply Chain, Oracle told Moneycontrol in an interview:

How is India reacting to emerging technologies as compared to other Asia Pacific (APAC) regions?

Jun 3
2020

Volkswagen T2 Camper Van Electric Conversion

A couple of months ago I introduced you to a UK company that converts classic cars to electric propulsion. The company, named eDub Services, was founded by a young man named Kit Lacey, and since my piece on his business, he and I have been in conversation about this fascinating field of entrepreneurship. I have an old Volvo 240 in my garage that one day will need an electric drivetrain for sure, so getting acquainted with someone like Kit is a good bet.

I talked to Kit about the concrete and chronological information on his rebuilds and how we could make it accessible for all of us curious about how such projects can be carried out. This series is the result, in Kit Lacey’s own words. So let’s begin at the beginning.

It all started with a road trip. All the best ideas do, in my opinion. Driving down the A1 with my mum in the driver’s seat and my wife in the back. The year is 2013. “How hard would it be to convert a camper van to electric?” I ask my mum. “Not too hard,” she replied. … Maybe a strange question to ask, but there is some context.