July 24 – 5 Key Stories From The Digital World

By July 23, 2019 Insight

1. Growing opportunities in the Internet of Things

  • number of businesses that use the IoT technologies has increased from 13 percent in 2014 to about 25 percent today
  • worldwide number of IoT-connected devices is projected to increase to 43 billion by 2023, an almost threefold increase from 2018
  • IoT technology stack has advanced over the past five years—in the meantime, each layer holds significant market growth opportunities

2. Daimler to Produce Crypto Hard Wallet for Automotive Industry

  • provide solutions for self-driving vehicles and car-sharing platforms, relay traffic patterns in real-time, mesh with smart city infrastructure, and transfer accident information to the proper authorities and insurance providers
  • tamper-resistant piece of hardware that was presented at Startupautobahn in Stuttgart, creates a cryptographic identity for vehicles…also integrates with the vehicle’s telematic control unit (TCU) to receive, sign, and attest to sensory data from the car and surrounding infrastructure
  • Because the wallet syncs a vehicle with its surrounding environment, transactions can be made with any digitally communicative technology including toll booths, parking spaces, and mechanics

3.  Lyft opens to the public autonomous driving data set from its Level 5 self-driving fleet

  • “largest public data set of its kind,” containing over 55,000 3D frames of captured footage hand-labeled by human reviewers, data collected by seven cameras and as many as three lidars
  • part of the company has been working on its hardware and self-driving software for two years and wanted to make public some of the data it has collected in that time in order to “help level the playing field for all researchers interested in autonomous technology.”
  • will also host a competition to inspire use of the data, with $25,000 in cash prizes and a presentation plus job interview opportunity at the NeurIPS conference this December.

4. Alphabet’s internet balloons have spent a million hours in the stratosphere

  • Alphabet’s Loon has recorded over 1 million hours of stratospheric flight for its balloons, covering about 24.9 million miles
  • figures aren’t completely shocking when they’ve been pressed into service for hard-hit areas like Puerto Rico and Peru, but it’s still significant when the technology only graduated from project status one year earlier
  • Instead of fighting the wind, they use AI to change their altitude and ride currents to their destination

5. 5 trends driving end of ownership and growth of subscription economy

  • swe are witnessing the end of ownership, we also see the rise of “usership” i.e., people are owning less but using more and more services
  • over the past seven years, subscription companies across North America, Europe, and the Asia Pacific have seen their sales grow by more than 300%, representing an 18 percent compound annual growth rate (CAGR)….about five times faster than the S&P 500 company revenues and U.S. retail sales
  • to succeed in this new “as-a-service” world, companies need to orient their business around their subscribers, not their products