Lifeboat Foundation: Safeguarding Humanity
Toggle light / dark theme

Blog

Category: business – Page 269

Since the past 4–5 years, we have seen a change in the shopping behavior of users, both online as well as offline. It has resulted from user’s reviews and recommendations about the products ranging from fashion to home to technology, all thanks to social websites like Facebook, Pinterest, Instagram and many other global as well as regional social sites. Social commerce is a term, coined by Yahoo in 2005, as a set of online shopping tools that take into account the user liking patterns, sharing reviews, information and advices on products, as per their usages, thus affecting the sales of those products.

There are two types of social commerce strategies — one is offsite where the e-retailer brings in the social angle from external social platforms, separate from their own websites, thus enhancing the sales and second is onsite social commerce platform where the website/platform uses its own channel to enhance sales based on content, context, and reviews etc. AI and ML Tech comes into play after these reviews and recommendations have been provided by the users and then placing the same in front of potential buyers for better decision making.

Artificial and machine learning technologies have been used by giants like Google, Microsoft, Facebook, and Apple for more than a decade to enhance their platforms for better user experience which can now be seen to be mandatory adaptation for most of the internet based businesses, not only as it shows better ROI, but also open countless doors for future digital opportunities.

Read more

While the USA has been extremely concerned about losing jobs (particularly manufacturing jobs to China), China performed a survey of businesses in the American Chamber of Commerce in Beijing and found that 25% had moved or were planning to move their businesses out of China. Half were going to other Asian countries and 40% to America, Canada or Mexico.

China’s worker wages are rising about 7–8% each year and they have a shrinking working age population as the people age.

China is making big moves in automation and large scale deployment of robotics. In 2014, President Xi Jinping talked about a robotics revolution. China has been the number one buyer of industrial robots since 2013. However, China lags other nations in terms of robots per worker.

Read more

Today, sewing relies on the low-tech power of human hands, but soon that may not be the case. Human workers are still needed for the final steps of making clothes, in order to align fabrics and correctly feed them into sewing machines. If robots could do that instead, shock waves of change would surely ripple through global supply chains and disrupt the lives of millions of low-wage earners in the developing world.

For better or worse, plenty of technologists, researchers, and companies are working on the challenge—but so far, getting robots to navigate the imprecisions of flimsy textile materials that easily bend has proven elusive.

One promising solution, though, has come from an unlikely place: the sleepless brain of Jonathan Zornow, a young freelance web developer with no previous background in robotics, manufacturing, or the apparel business. His project, Sewbo, recently demonstrated the world’s first robotically sewn garment, and the inspiration came while watching a late-night Science Channel show called How It’s Made.

Read more

Nice.

Submarine manufacturer saves major time and cost by 3D Printing a titanium Variable Ballast tank with EBM technology from Sciaky.

The production of an Arctic Explorer submarine was nearly scuppered after the supplier of a component went out of business. To find a solution, however, International Submarine Engineering (ISE) didn’t have to dive too deep. They turned instead to additive manufacturing.

ISE had originally planned to produce the titanium Variable Ballast (VB) tank with traditional manufacturing methods. Their key supplier was an overseas titanium forging facility that previously produced propellant tanks for the Russian space program. But then the supplier went bankrupt.

Read more

The food retail, foodservice and industrial cooling industries are in the midst of a momentous transition in refrigeration system architectures. Regulations are driving the need to implement sustainable systems with options growing exponentially. Emerson’s natural refrigerant expert, Andre Patenaude, provides advice on the best alternatives to future proof your system.

To get to what many call the “end game” of achieving compliance and meeting corporate sustainability objectives, more businesses are looking at systems based on natural refrigerants to help them achieve these goals.

The term “natural refrigerant” refers to substances that naturally occur in the environment. Unlike the synthetic refrigerants that have commonly been used in refrigeration applications — including hydrofluorocarbons (HFCs) and chlorofluorocarbons (CFCs) — ammonia (NH3 or refrigerant name R-717), propane (refrigerant name R-290) and carbon dioxide (CO2 or refrigerant name R-744) are three naturally occurring refrigerants that pose very little threat to the environment.

Read more

Over the past half year, bots have been a widely discussed topic. Experts and the media heavily discussed all the possible benefits, the future, and the value bots could create for businesses and consumers. Arguably, the tipping point was Facebook’s F8 conference in April. Since then, many developers and consumers have massively experimented with bots and tested their limits to find the most suitable use cases for bots.

During this trend, the U.S. market has proven to be highly interested in bots. Several published surveys are showing strong U.S. bot companies, as you can see in VentureBeat’s Bots Landscape. But Europe is not far behind.

Read more

As the world’s political and business leaders gathered at Davos, it fell to a professor from the University of Bristol to reveal to them the full implications of a ‘fourth industrial revolution’.

Professor Jeremy O’Brien, director of the Centre for Quantum Photonics at the University of Bristol, addressed some of the most powerful people in the world yesterday at the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland – to tell them just how rapidly quantum computers could change the world.

Part of the European Research Council (ERC) Ideas Lab delegation, Professor O’Brien has been actively involved with the WEF over the past few years and recently took on the role of co-chair of the Global Future Council on Computing. Last year he presented a talk on working towards a quantum computer discussing the future of computing and how new fields of computer sciences are paving the way for the next digital revolution.

Read more

Interesting approach.

Families who rely on food stamps may not be left out of the future of grocery shopping after all.

The pilot, which will run for two years, will launch on Shop.safeway.com in August.

The other retailers include Amazon, testing the program in New York, New Jersey and Maryland; Safeway, testing it in Maryland, Oregon and Washington; delivery service FreshDirect, testing in New York; and other regional and local grocers testing the program in New York and other East Coast states. As with the core program, SNAP participants will be able to use their benefits only to purchase eligible items online, not to pay for service or delivery charges. “Allowing consumers to use their SNAP benefits in the same way you would also use a credit or debit card to purchase groceries will lead to lower prices and greater options for consumers in every corner of this city and state”, said Diaz “I want to thank Congressman Maloney and our NY delegation, our partners in business and the health and hunger advocates who understood the need for this pilot program and joined our efforts to bring this important new program to NY”. “With the SNAP Pilot, we look forward to bringing the online purchasing option to SNAP clients and positively impacting all the communities that we serve”.

Read more

QC in the mainstream is definitely viable less than 7 yrs. and possible within 5 yrs. However, I have a friend who even believes we’re looking at 3 years.

Internet security, once considered to be strictly in the domain of the wonkiest tech experts, has become central to public discourse over the past year. Besides the attacks on the DNC, even tech savvy business like Snapchat, Oracle and Verizon Enterprise Solutions have had significant breaches in the last year.

For the most part, these attacks were preventable. Often, hackers use a technique called social engineering, to trick people into allowing them into a system. Other times, they exploit a vulnerability in software to give them access to confidential data. In most cases, more stringent procedures can prevent attacks.

However, there is a more serious crisis coming. In five to ten years, we are likely to see quantum computers that are so powerful that they are able to break even the strongest encryption in use today. That means that soon, even our most vital and well protected data will be at risk. So if you want to protect your businesses, you should start preparing now.

Read more

Nice.

Synthetic RNA kit business Synthego has raised $41 million to step up its efforts to make CRISPR gene editing easier and more accurate. The West Coast startup relied heavily on tech VCs for the cash, but also gained validation from having CRISPR pioneer Jennifer Doudna invest in its business.

Redwood City, CA-based Synthego exited stealth in August, four years after it was set up by two former SpaceX computer engineers. In those early years, which were bankrolled by an $8.3 million investment in 2013, Synthego established an automated manufacturing process for guide RNA products that it thinks sets it apart from larger competitors in terms of cost, turnaround time and editing efficiency.

Sythengo has persuaded some big names it is on to something. 8VC, an infrastructure-focused VC that also invested in uBiome, led the round with support from fellow new backers AME Cloud Ventures, Elements Capital, OS Fund, Alexandria Equities and ZhenFund. Existing investors including Peter Thiel’s Founders Fund and Menlo Ventures also contributed to the Series B round.

Read more