global economy

12 Technologies That Are Improving At Insane Speeds

Source: http://www.businessinsider.com/mckinsey-disruptive-technology-report-2013-6

Even though we don’t always see it every day, technology and businesses are moving at a breakneck pace, dismantling industries, saving lives, and transforming the world.

McKinsey recently released a report on the 12 technologies that are disrupting the global economy, from advanced robotics and next-generation genomics to self-driving cars.

Here’s a chart from the report on how fast these technologies are getting better:

technologies

 

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Thursday, June 6th, 2013 news No Comments

The PC Market Is In A Stall

Source: https://intelligence.businessinsider.com/welcome

After decades of sustained growth in the PC market (with the exception of 2001), growth is slowing to a halt. Overall PC shipments grew 4 percent last year, down from 14 percent the year before, and the lowest growth rate since 2001.

There are a few reasons for this. The global economy has been choppy since the downturn of 2008, depressing both business and consumer spending. The business PC upgrade cycle has gotten longer — Microsoft says that about two-thirds of all businesses are still using Windows Vista (which is more than five years old) or Windows XP (almost 11 years old). The introduction of the iPad in spring 2010 sucked the air out of the market for cheap tiny laptops called “netbooks,” which had been driving a lot of PC growth for the previous few years.

The release of Windows 8 later this year may drive a new wave of consumer adoption, although there’s a real risk that many consumers will find the huge design changes confusing and stick with Windows 7 or switch to Apple products instead. After that, the end of life for Windows XP in April 2014 could spur a big business upgrade cycle.

But for now, the PC market looks flat and mature.

Global PC Shipments By Manufacturer

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Monday, June 11th, 2012 news No Comments

What is BitCoin?

Source: http://gizmodo.com/5803518/what-is-bitcoin

What Is BitCoin?Maybe you’ve heard of BitCoin—it wants to shake the entire global economy. And some people think it might! It’s online money—an alternative to dollars and euros. Well what’s that mean? It’s complicated, but we break it down.

BitCoin is a digital currency…

BitCoin is not real money. It’s an online “currency”—virtual tokens that can be exchanged for goods and services at places that accept it, the same way you’d give someone a dollar for a cookie.

…with mega aspirations…

In their YouTube manifesto, BitCoin’s creators say they’re going to revolutionize global finance the way the web changed publishing. So! Kind of a lofty goal, aiming to be a global currency up there with (or replacing) the dollar. Right now, that’s still the pipiest of pipe dreams.

…that’s exchanged via P2P…

When you write your friend a check, money from your account is withdrawn from your bank, and then transferred to her bank, and then she withdraws it as cash (maybe). With BitCoin, there are no middlemen (other than the users that comprise the network itself). Money goes straight from you to whomever, through the BitCoin P2P system, with no intermediary agency passing along the chips.

…and generated by its users…

This is where it starts to get a little weird! Unlike traditional currency, that’s backed up by something, (be it gold, silver, or a central bank), BitCoins are generated out of thin air. Through a process called “mining,” a little app sits on your computer and slowly—very slowly—creates new BitCoins in exchange for providing the computational power to process transactions. When a new batch of coins is ready, they’re distributed in probabilistic accordance to whomever had the highest computing power in the mining process. The system is rigged so that no more than 21 million BitCoins will ever exist—so the mining process will yield less and less as time goes on, and more people sign up. This makes the whole system a lot sweeter for early adopters.

…to be spent at the few places BitCoin is accepted…

Not many places accept BitCoin at the moment, unlike traditional currency. But! There’s decent incentive for small businesses to use it—it’s free to use, and there aren’t any transaction fees. At the moment you can buy the services of a web designer, indie PC games, homemade jewelry, guns, and, increasingly, illegal drugs. If the internet is the Wild West, BitCoin is its wampum.

…or converted into real money.

Just like you can trade in yen for dollars, you can swap your BitCoins with other users for several “real world” currencies. And right now, the BitCoin is trading very high! As I write this, one BitCoin is worth $7.5. Not too shabby at all.

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Thursday, May 19th, 2011 news No Comments

Dr. Augustine Fou is Digital Consigliere to marketing executives, advising them on digital strategy and Unified Marketing(tm). Dr Fou has over 17 years of in-the-trenches, hands-on experience, which enables him to provide objective, in-depth assessments of their current marketing programs and recommendations for improving business impact and ROI using digital insights.

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