Wednesday, November 22, 2017
Tuesday, November 21, 2017
Vivek Wadhwa Appointments at Duke and Stanford. Writes for Washington Post, LinkedIn Influencers, Huffington Post, ASEE Prism
Thursday, November 16, 2017
He has invested $80m into the 25,000 acre space -- and when it’s complete, it will contain 80,000 residential units and a population of around 182,000 people, one would suspect, mostly nerds. I think I will apply instantly for the Coca-Cola and Crisps franchise.
This property is just 45 minutes outside of Phoenix, already the fastest growing city in the US with a growth of over 1000 people a week. On that basis alone it looks like a great investment.
The smart city will be designed to feature high-speed networks, data centers, autonomous cars and vehicles, new manufacturing technologies, congestion minimizing traffic lights and automated logistics hubs. Comparable in square miles and projected population to Tempe, Arizona, Belmont will transform a raw, blank slate into a purpose-built edge city built around a flexible infrastructure model.
The concept of smart cities is something that’s steadily gained pace over the past few years. Last month, Alphabet’s Sidewalk Labs struck a deal to turn an area of Toronto into an “internet city,” where 800 acres of land will be equipped with modern technology like self-driving cars, smart street lights, and public Wi-Fi. The project included a $50 million commitment from Sidewalk Labs to install and test the company’s smart city technology. The company is also aiming to transform an additional 16 cities s into tech-friendly “laboratories.”
Gates plans to populate the city with around 3,800 acres of offices, stores, and homes while keeping around 470 acres for public schools. The city will transform a raw, blank slate into a purpose-built city built with a flexible infrastructure model.
While this plan is ambitious it isn’t exactly new. Saudi Arabia’s Crown Prince Mohammed bin Salman has plans to build a new $500 billion metropolis spanning three countries, and India plans to build 100 other smart cities.
But with the UN predicting that 2.5 billion people will migrate into cities by 2050, they all seem to have the same goals in mind: to bring a new, progressive focus into city living by improving infrastructure for the people who wish to live there
Australia has a record ten companies in this year’s Fintech100 report by KPMG and H2 Ventures. Second only to the US. The report is available here:
(Insight by Simeon Duncan from Amcham’s 2017 Innovation Mission)
Saturday, November 11, 2017
A century ago, the precious commodity was oil.... now it is DATA - the oil of the digital era.
FAGAM, (Facebook,Apple, Goole, Amazon and Microsoft) are the five most valuable listed firms in the world, collectively making $25bn in net profit in the first quarter of 2017.
Amazon captures half of all dollars spent online in America. Google and Facebook accounted for almost all the revenue growth in digital advertising in America last year.
The giants’ success has benefited consumers. Google’s search engine, Amazon’s one-day delivery and Facebook’s newsfeed - all free (users pay by hanging over data )
Smartphones and the internet, information gleaned from self driving cars and face recognition have made data abundant and ubiquitous. Being able to mine this Data will make this commodity far more valuable.
Whether you are going for a run (with your fit bit) , watching TV (what you watch is analysed by Netflix) surfing the internet ( data being more motored by Apple and Google) , walking in the road or even just sitting in traffic ( activity being caught by self driving cars (Tesla) - virtually every activity creates a digital trace—more raw material for the data distilleries.
And then there is Equifax , sitting with most of America’s key data, including social security numbers , mortgage details and financial position (which has just been hacked). To say nothing of information collected from various Census data .
It is the data scientists, using artificial-intelligence (AI) and machine learning that will extract relevant information from this data , using algorithms that can predict patterns that will make this data turn to Gold.
Who are these people? Where can they be found?
These algorithms will tell you when a customer is ready to buy, a jet-engine needs servicing or a person is at risk of a disease.
Industrial giants such as GE and Siemens are looking to reinvent themselves as data firms so that they can compete with the likes of startups such as Data Robotics and Box Inc and Tech giants such as CISCO and FAGAM .
This abundance of data and the ability to mine and analyse it is a game changer.The difference between oil and data ...... data is not scarce!
By collecting more data, a firm has more scope to improve its products, which attracts more users, and generating even more data.
FAGAM’s surveillance systems span the entire economy - With there “God’s eye view” of the economy , they can see when a new product or service gains traction, allowing them to copy it or simply buy the upstart before it becomes too great a threat. Facebook’s $22bn purchase in 2014 of WhatsApp, a messaging app with fewer than 60 employees is a case in point .
And then there is China - with Wechat’s Tencent - who has just taken a big chunk of Snapchat , and with other Chinese companies focussing on self driving cars, China’ answer to Jeff Bezos’s Amazon - Jack Ma’s Alibaba and Telecommunications such as Hauwei, ZTE and Chinamobile