March 18 – 5 Key Stories From The Digital World

By March 19, 2019 Insight

1.  Some of the Latest Trends in Artificial Intelligence

  • surveyed 2,830 startups in Europe that were classified as being AI companies and found out that 44% of these companies were incorrectly classified as being “AI startups.”
  • In just three years, the number of enterprises with “AI initiatives” rose from 1 in 25 to 1 in 3.
  • According to Gartner, 67% of all utility companies now use IoT technologies such as sensors – all of which are generating loads of big data that can then be fed to AI algorithms.

2. Made In Space Archinaut Program Reaches Major Milestone as Development Continues

  • The Archinaut platform looks to provide mission critical, space-optimized structures on orbit that would otherwise be too large to launch, using on-demand, adaptable manufacturing.
  • The power system being developed can initially provide up to five kilowatts of solar power and is enabled by our Archinaut in-space manufacturing and assembly technology.
  • The ESAMM hardware manufactured the first-ever extended 3D-printed objects in a space-like environment

3. E-Sports Ad Sales to Grow 25% This Year, Analyst Says

  • U.S. online ad revenue for e-sports, including sponsorships, is expected to grow 25% to a record $178.1 million this year
  • The digital ad component is expected to pass the $200 million mark in 2020, a 20% gain from 2019.
  • The audience, who watch on sites like YouTube and Twitch at least once a month, will grow 18.1% in 2019 to 30.3 million, according to eMarketer…By 2023, viewership will grow 50% to 46.2 million

4. To Get Big Faster, Younger Unicorns Start Buying Startups Sooner

  • on average, recently founded unicorn companies are more likely to make their first M&A transactions sooner after founding than their older counterparts.
  • Eleven unicorn companies founded in 2007 took an average of roughly 8.33 years before making their first acquisitions. At time of writing, 29 unicorns founded in 2012 have made their first startup purchases, averaging just 4.1 years  before doing so.
  • The bulk of all M&A transactions by unicorns (not just the first ones) occur within the first seven years after founding.

5. The Future of Department Stores

  • The evolution from sales to service will include skilled in-person service, offering compelling, complementary services, such as product modifications, gift wrapping, and dispatch.
  • Department stores’ bright future depends on blending entertainment and shopping, enabling customers to try locally available products and local services while sharing their experiences on social networks.
  • Customers expect a department store’s systems and associates to recognize them across channels and locations.