Let’s face it — it’s difficult to keep up with the pace (and price) of new technologies. Business owners face a barrage of new technologies, all promising revolutionary results. Wading through the hype can be time-consuming, but the right investments will reap dividends that more than make up for their cost. Technological advancements offer the […]
If you are in the Information Technology space, you are likely knowledgeable on what artificial intelligence holds. In fact, considering AI, the future of Information Technology appears bleak to some experts but promising to others. If a tech worker is worried about their job — they really don’t understand the magic of AI. Some workers […]
The subscription model has infiltrated several verticals in recent years, from automobiles to clothing. This has enabled these industries to update the car-leasing experience and find ways to transform living rooms into dressing rooms — and it’s brought them significant revenue streams. In the second quarter of 2018, Stitch Fix pulled in $296 million in […]
As far as disruptive business innovation goes, apps may feel outdated. Yet Chipotle just made headlines by launching an improved app and digital back end — plus, the fast-casual burrito purveyor is now offering delivery through a partnership with DoorDash. Its digital sales have grown 33 percent in one quarter and now constitute 10.3 percent […]
Economic development is a team sport. Local and state governments, working intentionally with businesses and civic organizations, set the foundation for sustained economic growth. Key elements of this foundation include robust collaborations on key economic development strategies, including key public policy matters, long-term investment strategies, talent development, and marketing. With the foundation set, the future […]
In 1968, astronaut Frank Borman said, “When you’re finally up at the moon looking back on Earth, all those differences and nationalistic traits are pretty well going to blend, and you’re going to get a concept that maybe this really is one world and why the hell can’t we learn to live together like decent people?” […]
In 2005, the average person never would have believed how social media platforms would completely transform the way humans interact. By 2010, that same person never would have dreamed that ride-sharing apps would overthrow the taxi industry within a few short years. Cue 2015, and that person — who had seen countless industries transformed by […]
It’s been no secret that the music industry has been struggling over the past couple decades. After years of spiraling album sales, the industry hit a new low in 2016, with just over 100 million units sold — a nearly 14 percent decrease from the previous year, reflecting declines in both physical and digital album […]
Technology drives businesses. While that fact might lead us to believe that we need every technology out there, our budget may not necessarily agree. Nevertheless, there may be places in your business that aren’t as efficient as they could be. These are costing you more in time and resources. Instead of living with these inefficiencies, […]
One of the great parts of my job is talking to industrial technologists from a wide variety of businesses. I had an interesting conversation recently with some people from a large dairy. Forget whatever image you may have; today’s large commercial dairies are extremely sophisticated enterprises that are always looking for new ways to leverage […]
German conglomerate Siemens announced on Tuesday a new standalone startup unit dedicated to fostering “disruptive ideas more vigorously and accelerate the development of new technologies.” Siegfried Russwurm, Siemens chief technology officer, will be the acting head of the unit, named next47. It will receive €1 billion ($1.12 billion) in funding for the first five years. […]
We went to actual Silicon Valley companies to look past the Hollywood stereotypes offered on TV. Here’s who we found.
Talking about diversity is not enough; tech companies need to take a hard look at their own training and promotion practices.
The numbers suggest they are—but the real question is why.
One supply-chain service thinks you can mass-produce an idea in just four months.