August 23 – 5 Key Stories From The Digital World

By August 23, 2019 Insight

1. The world’s smallest bike share can be found in this tiny village north of the Arctic Circle

  • tiny, remote fishing village of Skrova, Norway, on an island north of the Arctic Circle, is home to fewer than 200 people…now has the smallest bike-sharing system in the world, with 12 bicycles
  • Citi Bike in New York City, by contrast, has 13,000 bicycles and plans to expand to 40,000; a system in Hangzhou, China, has 84,000 bikes
  • Rather than using traditional docks for parking bikes or a fully dockless system, the company uses hybrid locks that let users park bikes in a simple dock or in an area marked virtually with a geofence, so bikes aren’t left in people’s way

2. Mobile gaming is a $68.5 billion global business, and investors are buying in

  • By the end of 2019, the global gaming market is estimated to be worth $152 billion, with 45% of that, $68.5 billion, coming directly from mobile games
  • over the last 18 months, the global gaming industry has seen $9.6 billion in investments and if investments continue at this current pace, the amount of investment generated in 2018-19 will be higher than the eight previous years combined
  • In the U.S., time spent on mobile devices has also officially outpaced that of television — with users spending eight more minutes per day on their mobile devices. By 2021, this number is predicted to increase to more than 30 minutes.

3.  Why Y Combinator Went 8,725 Miles Away From Mountain View To Find The Next Big Startup

  • In this summer’s batch, 12 startups were from India, compared to five from the same time period a year prior. Applications to the accelerator from India increased by 50 percent, too
  • Vahan wants to leverage WhatsApp to match low-skilled and skilled workers with on-demand companies that need labor…WhatsApp has 400 million users in India, and 96 percent of smartphone users in the region use WhatsApp
  • Spotify has no traction, and the only available audio content is on YouTube, which gives broken audio…So, they’re working with 2,500 creators to bring audio in every Indian language to the populace

4. Voice Assistants in Healthcare: An inside look at 3 emerging voice use cases healthcare providers can deploy to cut costs, build loyalty, and drive revenue

  • opportunity for voice in healthcare is pegged to mount as the global health virtual assistant market is expected to reach $3.5 billion in 2025
  • Health systems that deploy voice tech to facilitate clinical documentation can reduce physicians’ administrative burden, increase patient volume and billable revenue, and eliminate transcription costs
  • Healthcare providers can reform diagnostics and better position themselves to deliver preventative medicine by deploying voice technology that can pinpoint diseases based on patients’ speech characteristics

5. DoorDash’s Recent Acquisitions, Small Robots, And Burn

  • company’s market share has risen among key groups thanks to its epic fundraising activity…consumer market share in the United States has risen to a leading position…recent acquisition of Caviar from Square will boost its corporate delivery share as well
  • doesn’t seem that DoorDash is in any danger of building self-driving car tech…firm is working on are self-driving robots that can scoot about cities…scooped up “the two co-founders from Lvl5,” a firm that works in mapping for self-driving tech
  • Add the two deals to DoorDash’s history of work in robotics and it’s pretty simple to see that the company is still investing in building delivery robots