Business insight
If you hadn’t heard of TikTok before, you probably have by now as the Chinese-owned video-sharing platform is entangled in a storm of controversy involving U.S. President Donald Trump and software giant Microsoft. The app, where users can create 15-second clips to catchy songs, has been snowballing in popularity, and, according to multiple statistics sources,…
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 firm Deloitte. In the 3rd edition of its State of AI in the Enterprise report, Deloitte says there are three things that both…
U.S. podcast advertising revenue is expected to grow 14.7% in 2020 and is forecast to generate nearly $1 billion by year’s end, according to a new study of the U.S. podcasting sector. The industry was projected to grow as much as 29.6% this year before the coronavirus pandemic, reads the fourth annual Interactive Advertising Bureau…
The tumultuous Q2 of 2020 saw a surge in video usage and live streaming as well as an increase in ad spend in many regions and industries worldwide, according to a study by a global AI-powered social media marketing company. “On the organic marketing side, video usage surged on Twitter and Facebook Live usage increased…
The coronavirus pandemic is expected to lead to a 10x increase in digital nomads in the next two to three years and Portugal seems to have maintained its appeal for location-independent professionals, says an industry expert. “We’re expecting like a really big influx, but it’s not happening quite yet,” David Nicol Williams, co-founder, chairman, and…
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, according to a recent report on venture investment in the space sector. Noosphere Ventures—which conducted the analysis and invests in space technology companies—calls…
The coronavirus pandemic has resulted in work stoppages, delays in production schedules, supply chain breaks, and market uncertainty for businesses all around the world. One major sector that has not been spared the effects of the contagious condition and its economic fallout is the auto industry. The sharp decline in demand for vehicles has cast…
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 have painted a fairly bright future for esports—which refers to organized, multiplayer video game competitions—saying that there are great opportunities in this sector despite widespread disruptions…
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 largest startup campus. The study by Station F—which was conducted in partnership with over 120 venture capital funds—also showed that 48% of startup…
Governments around the world should understand that now is the time to act and offer solid financial support to startups as they can have a positive, lasting impact on the economy, says a Lisbon-based entrepreneur. “Big companies get big because they get really good at doing the same thing over and over again. And then…
