Wednesday, August 12, 2020
Photo by Edi Kurniawan on Unsplash
The shock wave of the coronavirus is driving technological adoption in unanticipated ways around the globe, transforming societies and economies at a pace that would have seemed unimaginable just a few years ago. In particular, companies enabling communication and exchange of services and goods over distance have seen notable increases in adoption and usage.
Photo by Sunyu Kim on Unsplash
With the economy expected to remain on rocky footing potentially beyond 2020 and COVID-19 quarantines and lockdowns ebbing and flowing on a rolling basis, new trends in consumer sentiment and behaviors are emerging globally. According to a new Future Consumer Index published by Ernst & Young, 42% of surveyed consumers believe that their shopping...
Jair Bolsonaro, Brazil president. Foto credit: Palácio do Planalto.
Brazil has been in the news for all the wrong reasons since the coronavirus began to ravage Latin America's largest country. At the heart of the controversy is President Jair Bolsonaro who has provoked a hail of criticism from health experts for his opposition to measures aimed at stifling the spread of the virus.
Facebook. Photo credit: Stock Catalog.
The advertising boycott on Facebook has resulted in a 12% dive in the stock price since Friday. A couple of weeks ago, Twitter has hidden one of Donald Trump’s tweets behind a “glorifying violence" warning and disabled that tweet's engaging options. "I don’t think that Facebook or internet platforms, in general,...
Photo by Joseph Gruenthal on Unsplash
As the world is coming to grips with the implications of the coronavirus pandemic, the future of the freelancing industry is shrouded in uncertainty. Companies around the world have indeed begun to embrace more remote work, but it does not necessarily mean there will be more job opportunities for freelancers—at least in the short...
Coaching coders coding.
The success of the internet age is riding on the back of many breakthroughs. Besides advanced computer hardware, the software part is critical to the ultimate functioning of the technology industry. Admittedly, software publishers make up the backbone of the technology industry, especially the computing sector. According to a 2015 McKinsey report, the software industry...
Forestry Industry. Image source: Public domain.
Forest products are always on demand. This is true today as it will be in the future. Indeed, the growth of the global forestry industry depends on the demand for wood products. According to the Food and Agriculture Organization (FAO), the unceasing demand for wood and its products drives the investment in the forestry industry.
Where's the home healthcare industry heading. Photo by: Public domain.
Technological advancement is behind the current positive trajectory of the healthcare industry. Previously, the most dominant health systems were hospital care and physician services. However, the availability of technology and changing preferences by the patient pool are enabling the rise of home healthcare as the most preferred health system. As of 2018, the global...
Automation in the automotive industry. Photo by: KUKA Systems GmbH.
Since the turn of the 21st Century, technological innovation has been moving at breakneck speed. Artificial intelligence and its applications in all manner of industries are proving to be the most revolutionary so far. This article focuses on the artificial intelligence outlook and with a particular interest in what the future holds in terms of benefits and...
Woman working remotely.
The number of people working online has been on the rise in the recent past. To put this into perspective; according to Statista’s data on most popular online activities as at November 2017, at least 22.6% of internet users in the United States were working remotely via the internet. Data such as 20.8% and...
United States President, Barack Obama, casts his ballot in the 2012 U.S. election at the Martin Luther King Jr. Community Center in Chicago, Illinois. Photo by: Pete Souza.
The age of technological revolution is often being referred to as the “post-modern” era. This is an era where everything that is digitalized and technologically tagged is easily accepted and appreciated everywhere. This is the reason why the electronic voting or e-voting, including electronic voting machines (EVMs), was once expected to become the globally accepted and dominant form of...
Venezuelan President, Maduro, with the Chinese President, Xi Jinping, during his state visit to China. Photo by: @PresidencialVen / Twitter.
Caracas, Venezuela (ViaNews) - Starting in August, the Venezuelan economy was in such difficult situation that its bank notes were illegally exported to Colombia, where they were reportedly bought by four times its face value. With these bank notes, Colombians were able to buy Venezuelan gasoline and other goods, much cheaper than their own. Hence, in Venezuela, there was...

Latest

Photo by James Yarema on Unsplash

Short-Time Work: A Beacon of Hope Amid COVID-19 Layoffs

Short-time work policies hold the promise of helping countries combat the economic crisis caused by COVID-19 if they are aided by high...

Interview

Amir Bozorgzadeh, Virtuleap's co-founder and CEO (Photo source: Amir Bozorgzadeh's LinkedIn page)

Coronavirus Made Startups Get Real About Their Business Models: Virtuleap’s CEO

As the world is reeling from the economic fallout of the coronavirus pandemic, many startups are taking a not-so-pleasant or even painful walk down...

Future of Work

Robotics

The Heasy robot has been designed as a smart home terminal, able to educate customers and move alone in space. Photo by: LSA.

Artificial Intelligence Is Leading a Revolution in Robotics

Robotics, as a discipline has been around for a long time. The increasing demand for automation, however, has seen interest in robots grow exponentially. Statista estimates that the market for Robo-advisors will be worth...
An aquatic soft robot, inspired by a lionfish and designed by James Pikul, former postdoctoral researcher in the lab of Rob Shepherd. Photo by: Cornell.edu.

Artificial Intelligence-Powered Robotic Fish

For the longest time, robots have been essential, even as developers tried to make them more human in the way they operate. Fast forward researchers at Cornell University have demystified this thought...

Artificial Intelligence

Photo by Franck V. on Unsplash

How to Keep an Edge in the Era of Pervasive AI?

AI adopters should be proactive in implementing certain measures if they want to gain or maintain an advantage over their industry peers as the disruptive technology becomes mainstream, according to global accounting...
Elena Jin, TAIGER's marketing manager for Latin America and Europe (Photo credit: TAIGER)

COVID-19: A Pivotal Moment for Future of AI

The coronavirus pandemic is accelerating the need for artificial intelligence solutions as the technology can help businesses run more nimbly and reliably, says a marketing manager at TAIGER, one of Asia's fastest-growing...
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AI Replacing Teachers Will Have Dire Consequences

As technology is taking giant leaps and bounds, artificial intelligence is sweeping aside old notions of education and human tutors are expected to be sidelined soon. There are many...

Analysis

Finance

COVID-19 Is Accelerating Fintech Evolution

Photo by Edi Kurniawan on Unsplash
The shock wave of the coronavirus is driving technological adoption in unanticipated ways around the globe, transforming societies and economies at a...

Is Facebook Stock Still a Buy After the Advertising Boycott?

Facebook. Photo credit: Stock Catalog.
The advertising boycott on Facebook has resulted in a 12% dive in the stock price since Friday. A couple...

What’s Direction Of Global Mortgage Brokers Industry?

Deloitte building in USA. (Photo credit: Dylan)
Since the first quarter of 2015, the global House Price Index has been on the rise, according to figures by Deloitte. Particularly,...

Is Peer-To-Peer Lending Platforms Industry Ready to Disrupt Global Finance?

European Banking Authority. Photo credit: EBA
Gone are the days when the word ‘loan’ existed only in the dictionary of banks and shylocks. Today, technology is revolutionizing global...

Take a Selfie and Open a Bank Account in El Salvador

Banco Agrícola, a leading bank in El Salvador, recently launched "Cuenta Fácil", the first 100% digital product that allows the complete opening...

Investment

Outlook

Microsoft (Bing Maps) shipping container. It has about five petabytes of storage. The Bing Map team processes its maps and redistributes them to other datacenters using this datacenter. Photo credit: Robert Scoble.

What’s Ahead for Data Processing, Hosting Industry?

Artificial intelligence (AI) may have popularized big data but applications like the internet of things (IoT) are taking it to the next level. The need to analyze large datasets to come up...
Photo by SpaceX on Unsplash

Venture Investments in Space Industry Drop Due to COVID-19

The coronavirus pandemic has caused a considerable decrease in cash flow for the space industry but a sustained upward trend in interest heralds strong public-private partnerships in the remainder of the year,...
Photo by Florian Olivo on Unsplash

Global Esports Market to Generate $973.9 Million in 2020

As physical sports were grounded by the coronavirus pandemic across the globe, esports not only continued to thrive but also found new fans along the way. Multiple industry reports...
Photo by Alex Kotliarskyi on Unsplash

78% of Startups Globally Plan to Hire by Year-End

Seventy-eight percent of startups plan to hire new staff before the end of the year despite being caught in mid-air by the coronavirus pandemic, according to a recent survey by the world's...
Photo by Sunyu Kim on Unsplash

7 Consumer Behavior Trends Emerging From COVID-19

With the economy expected to remain on rocky footing potentially beyond 2020 and COVID-19 quarantines and lockdowns ebbing and flowing on a rolling basis, new trends in consumer sentiment and behaviors are...

Tourism