Technology is driving the new entrepreneurial economy
As the world eventually pulls its way out of the Covid-19 crisis, were going to see a world changed. Some business are suffering, while others are soaring. Whats it going to take to launch and sustain successful ventures (coming out of garages as well as corporate divisions) over the coming months and years? Many entrepreneurs, venture capitalists and business leaders are also pondering the new directions things will be taking. In the first post in this series, we explored the views of industry innovators on the implications of the Covid-driven rush to digital.
I recently heard from Ubaid Dhiyan, director at Union Square Advisors, who points out how todays innovators are adroitly embracing cloud, artificial intelligence and digital services in new ways. Cloud-driven disruption of large, established industries originally started in media, retail and content consumption, but is now expanding into experiences as well, he says. Prominent examples include Peloton, Mirror, Tonal, and a slew of other fitness related apps paired with hardware, that emphasize user experience.
Business models are evolving in the wake of Covid and clearly in the direction of digital. "Businesses that have thrived through the pandemic may not solely be operating in a digital business model, but what all successful business have in common is a strong digital culture, says Laura Baldwin, president of OReilly Media. Moving forward, we need to face that the future will be more digitally-focused than ever before, and businesses need to start thinking about how to create and implement a digital business model.
Shige Ihara, CEO of NEC X, shared NEC Xs perspective as the innovation accelerator for NECs emerging technologies. "We are seeing several social needs and drivers that have arisen during the pandemic which are stimulating new technology development and areas for potential economic growth," Ihara says. Prominent among these areas are virtual reality and augmented reality. "The market has already seen adoption for military and gaming applications, as well as training for advanced surgery, he explains. As remote work becomes the new normal, we believe VR/AR is a growth area that will provide new and better interfaces for groupware as well as web conferencing. Startups are already developing the VR/AR platforms and software that will enable these improvements.
Dhiyan also sees potential in VR/AR, as well as a host of other cutting-edge technologies, including artificial intelligence, quantum computing and robotics. These are forming the basic technology infrastructure that are supporting business approaches being incubated and launched at a time of financial and economic distress, a politically charged climate, meaningful social discord and a gridlocked legislative environment.
Also, keep an eye on digital currencies, Ihara adds. New digital currencies such as cryptocurrencies have already appeared on the market, but the potential remains for the emergence of an even larger scale, inter-nation cybercurrency system. We believe there is a strong need and great opportunity for new technologies and platforms to enable this shift, but the work in this area is far too nascent for predictions on how it will take shape.
At the same time, Baldwin advises innovators from getting too entangled with a particular technology. With the rapid pace of technological change, what may be impactful today will be replaced by something more impactful in a year, she says. The most important thing is to continue to follow the trends on new technologies as they come to market, build teams that are nimble and flexible enough to adapt to rapid change, and provide them with the tools to build skills and learn new technologies as they come to market. Its that ability to adapt and learn new technologies so that they can be applied that can have impact.
The big winners in the times to come will likely be startups and smaller companies who were born digitally-enabled, says Baldwin. The losers will try to return to the old ways and find themselves swiftly left behind in the new normal."
Read the rest here:
How The Post-Covid Future Is Unfolding For Technology Ventures - Forbes
- The Quantum Computer Revolution Is Closer Than You May Think - National Review [Last Updated On: May 3rd, 2017] [Originally Added On: May 3rd, 2017]
- Time Crystals Could be the Key to the First Quantum Computer - TrendinTech [Last Updated On: May 3rd, 2017] [Originally Added On: May 3rd, 2017]
- quantum computing - WIRED UK [Last Updated On: May 3rd, 2017] [Originally Added On: May 3rd, 2017]
- Chinese scientists build world's first quantum computing machine - India Today [Last Updated On: May 3rd, 2017] [Originally Added On: May 3rd, 2017]
- Here's How We Can Achieve Mass-Produced Quantum Computers - ScienceAlert [Last Updated On: June 6th, 2017] [Originally Added On: June 6th, 2017]
- D-Wave partners with U of T to move quantum computing along - Financial Post [Last Updated On: June 6th, 2017] [Originally Added On: June 6th, 2017]
- Team develops first blockchain that can't be hacked by quantum computer - Siliconrepublic.com [Last Updated On: June 6th, 2017] [Originally Added On: June 6th, 2017]
- Telstra just wants a quantum computer to offer as-a-service - ZDNet [Last Updated On: June 6th, 2017] [Originally Added On: June 6th, 2017]
- Research collaborative pursues advanced quantum computing - Phys.Org [Last Updated On: June 6th, 2017] [Originally Added On: June 6th, 2017]
- Quantum Computing Market Forecast 2017-2022 | Market ... [Last Updated On: June 6th, 2017] [Originally Added On: June 6th, 2017]
- Quantum Computing Is Real, and D-Wave Just Open ... - WIRED [Last Updated On: June 7th, 2017] [Originally Added On: June 7th, 2017]
- FinDEVr London: Preparing for the Dark Side of Quantum Computing - GlobeNewswire (press release) [Last Updated On: June 9th, 2017] [Originally Added On: June 9th, 2017]
- Purdue, Microsoft to Collaborate on Quantum Computer - Photonics.com [Last Updated On: June 9th, 2017] [Originally Added On: June 9th, 2017]
- Scientists May Have Found a Way to Combat Quantum Computer Blockchain Hacking - Futurism [Last Updated On: June 9th, 2017] [Originally Added On: June 9th, 2017]
- Microsoft and Purdue work on scalable topological quantum computer - Next Big Future [Last Updated On: June 12th, 2017] [Originally Added On: June 12th, 2017]
- HYPRES Expands Efforts in Quantum Computing with Launch of European Subsidiary SeeQC - Business Wire (press release) [Last Updated On: June 12th, 2017] [Originally Added On: June 12th, 2017]
- From the Abacus to Supercomputers to Quantum Computers - Duke Today [Last Updated On: June 13th, 2017] [Originally Added On: June 13th, 2017]
- Accenture, Biogen, 1QBit Launch Quantum Computing App to ... - HIT Consultant [Last Updated On: June 14th, 2017] [Originally Added On: June 14th, 2017]
- The US and China "Quantum Computing Arms Race" Will Change Long-Held Dynamics in Commerce, Intelligence ... - PR Newswire (press release) [Last Updated On: June 14th, 2017] [Originally Added On: June 14th, 2017]
- Quantum Computing Technologies markets will reach $10.7 billion by 2024 - PR Newswire (press release) [Last Updated On: June 14th, 2017] [Originally Added On: June 14th, 2017]
- A Hybrid of Quantum Computing and Machine Learning Is Spawning New Ventures - IEEE Spectrum [Last Updated On: June 14th, 2017] [Originally Added On: June 14th, 2017]
- KPN CISO details Quantum computing attack dangers - Mobile World Live [Last Updated On: June 16th, 2017] [Originally Added On: June 16th, 2017]
- Get ahead in quantum computing AND attract Goldman Sachs - eFinancialCareers [Last Updated On: June 16th, 2017] [Originally Added On: June 16th, 2017]
- Accenture, 1QBit partner for drug discovery through quantum ... - ZDNet [Last Updated On: June 16th, 2017] [Originally Added On: June 16th, 2017]
- Toward optical quantum computing - MIT News [Last Updated On: June 17th, 2017] [Originally Added On: June 17th, 2017]
- Quantum computing, the machines of tomorrow | The Japan Times - The Japan Times [Last Updated On: June 17th, 2017] [Originally Added On: June 17th, 2017]
- Its time to decide how quantum computing will help your ... [Last Updated On: June 18th, 2017] [Originally Added On: June 18th, 2017]
- Israel Enters Quantum Computer Race, Placing Encryption at Ever-Greater Risk - Sputnik International [Last Updated On: June 20th, 2017] [Originally Added On: June 20th, 2017]
- Prototype device enables photon-photon interactions at room ... - Phys.Org [Last Updated On: June 20th, 2017] [Originally Added On: June 20th, 2017]
- Dow and 1QBit Announce Collaboration Agreement on Quantum Computing - Business Wire (press release) [Last Updated On: June 21st, 2017] [Originally Added On: June 21st, 2017]
- Imperfect crystals may be perfect storage method for quantum computing - Digital Trends [Last Updated On: June 21st, 2017] [Originally Added On: June 21st, 2017]
- Dow Chemical, 1QBit Ink Quantum Computing Development Deal - Zacks.com [Last Updated On: June 22nd, 2017] [Originally Added On: June 22nd, 2017]
- Google on track for quantum computer breakthrough by end of 2017 - New Scientist [Last Updated On: June 22nd, 2017] [Originally Added On: June 22nd, 2017]
- USC to lead project to build super-speedy quantum computers - USC News [Last Updated On: June 24th, 2017] [Originally Added On: June 24th, 2017]
- The Quantum Computer Factory That's Taking on Google and IBM ... - WIRED [Last Updated On: June 24th, 2017] [Originally Added On: June 24th, 2017]
- The weird science of quantum computing, communications and encryption - C4ISR & Networks [Last Updated On: June 27th, 2017] [Originally Added On: June 27th, 2017]
- Multi-coloured photons in 100 dimensions may make quantum ... - Cosmos [Last Updated On: June 30th, 2017] [Originally Added On: June 30th, 2017]
- Global Quantum Computing Market Growth at a CAGR of 35.12 ... - PR Newswire (press release) [Last Updated On: June 30th, 2017] [Originally Added On: June 30th, 2017]
- Qudits: The Real Future of Quantum Computing? - IEEE Spectrum - IEEE Spectrum [Last Updated On: June 30th, 2017] [Originally Added On: June 30th, 2017]
- New method could enable more stable and scalable quantum ... - Phys.Org [Last Updated On: June 30th, 2017] [Originally Added On: June 30th, 2017]
- Quantum computers are about to get real | Science News - Science News Magazine [Last Updated On: June 30th, 2017] [Originally Added On: June 30th, 2017]
- Quantum Computing - Scientific American [Last Updated On: June 30th, 2017] [Originally Added On: June 30th, 2017]
- Australia's ambitious plan to win the quantum race - ZDNet [Last Updated On: July 3rd, 2017] [Originally Added On: July 3rd, 2017]
- How quantum mechanics can change computing - The Conversation - The Conversation US [Last Updated On: August 24th, 2017] [Originally Added On: August 24th, 2017]
- UNSW joins with government and business to keep quantum computing technology in Australia - The Australian Financial Review [Last Updated On: August 24th, 2017] [Originally Added On: August 24th, 2017]
- UNSW launches Australia's first hardware quantum computing company with investments from federal and NSW ... - OpenGov Asia [Last Updated On: August 24th, 2017] [Originally Added On: August 24th, 2017]
- Finns chill out quantum computers with qubit refrigerator to cut out errors - ZDNet [Last Updated On: August 24th, 2017] [Originally Added On: August 24th, 2017]
- Hype and cash are muddying public understanding of quantum ... - The Conversation AU [Last Updated On: August 24th, 2017] [Originally Added On: August 24th, 2017]
- IEEE Approves Standards Project for Quantum Computing ... - insideHPC [Last Updated On: August 24th, 2017] [Originally Added On: August 24th, 2017]
- Silicon Quantum Computing launched to commercialise UNSW ... - ZDNet [Last Updated On: August 24th, 2017] [Originally Added On: August 24th, 2017]
- The Era of Quantum Computing Is Here. Outlook: Cloudy ... [Last Updated On: January 30th, 2018] [Originally Added On: January 30th, 2018]
- The Era of Quantum Computing Is Here. Outlook: Cloudy | WIRED [Last Updated On: February 6th, 2018] [Originally Added On: February 6th, 2018]
- Quantum computing in the NISQ era and beyond [Last Updated On: February 6th, 2018] [Originally Added On: February 6th, 2018]
- What is quantum computing? - Definition from WhatIs.com [Last Updated On: February 6th, 2018] [Originally Added On: February 6th, 2018]
- Quantum computers - WIRED UK [Last Updated On: February 19th, 2018] [Originally Added On: February 19th, 2018]
- Is Quantum Computing an Existential Threat to Blockchain ... [Last Updated On: February 21st, 2018] [Originally Added On: February 21st, 2018]
- What is Quantum Computing? Webopedia Definition [Last Updated On: March 25th, 2018] [Originally Added On: March 25th, 2018]
- Quantum Computing Explained - WIRED UK [Last Updated On: April 15th, 2018] [Originally Added On: April 15th, 2018]
- Quantum computing: A simple introduction - Explain that Stuff [Last Updated On: June 2nd, 2018] [Originally Added On: June 2nd, 2018]
- What are quantum computers and how do they work? WIRED ... [Last Updated On: June 22nd, 2018] [Originally Added On: June 22nd, 2018]
- How Quantum Computers Work [Last Updated On: July 22nd, 2018] [Originally Added On: July 22nd, 2018]
- The reality of quantum computing could be just three years ... [Last Updated On: September 12th, 2018] [Originally Added On: September 12th, 2018]
- The 3 Types of Quantum Computers and Their Applications [Last Updated On: November 24th, 2018] [Originally Added On: November 24th, 2018]
- Quantum Computing - VLAB [Last Updated On: January 27th, 2019] [Originally Added On: January 27th, 2019]
- Quantum Computing | Centre for Quantum Computation and ... [Last Updated On: January 27th, 2019] [Originally Added On: January 27th, 2019]
- Microsofts quantum computing network takes a giant leap ... [Last Updated On: March 7th, 2019] [Originally Added On: March 7th, 2019]
- IBM hits quantum computing milestone, may see 'Quantum ... [Last Updated On: March 7th, 2019] [Originally Added On: March 7th, 2019]
- Quantum technology - Wikipedia [Last Updated On: March 13th, 2019] [Originally Added On: March 13th, 2019]
- Quantum Computing | D-Wave Systems [Last Updated On: April 18th, 2019] [Originally Added On: April 18th, 2019]
- Microsoft will open-source parts of Q#, the programming ... [Last Updated On: May 7th, 2019] [Originally Added On: May 7th, 2019]
- What Is Quantum Computing? The Complete WIRED Guide | WIRED [Last Updated On: May 8th, 2019] [Originally Added On: May 8th, 2019]
- The five pillars of Edge Computing -- and what is Edge computing anyway? - Information Age [Last Updated On: October 1st, 2019] [Originally Added On: October 1st, 2019]
- Moore's Law Is Dying. This Brain-Inspired Analogue Chip Is a Glimpse of What's Next - Singularity Hub [Last Updated On: October 1st, 2019] [Originally Added On: October 1st, 2019]
- Experts Gather at Fermilab for International Workshop on Cryogenic Electronics for Quantum Systems - Quantaneo, the Quantum Computing Source [Last Updated On: October 1st, 2019] [Originally Added On: October 1st, 2019]
- Princeton announces initiative to propel innovations in quantum science and technology - Princeton University [Last Updated On: October 1st, 2019] [Originally Added On: October 1st, 2019]
- Detecting Environmental 'Noise' That Can Damage The Quantum State of Qubits - In Compliance [Last Updated On: October 1st, 2019] [Originally Added On: October 1st, 2019]
- Quantum Computing beginning talks with clients on its quantum asset allocation application - Proactive Investors USA & Canada [Last Updated On: October 1st, 2019] [Originally Added On: October 1st, 2019]
- What is quantum computing? The next era of computational evolution, explained - Digital Trends [Last Updated On: October 1st, 2019] [Originally Added On: October 1st, 2019]
- IT sees the Emergence of Quantum Computing as a Looming Threat to Keeping Valuable Information Confidential - Quantaneo, the Quantum Computing Source [Last Updated On: October 23rd, 2019] [Originally Added On: October 23rd, 2019]
- More wrong answers get quantum computers to find the right one - Futurity: Research News [Last Updated On: October 23rd, 2019] [Originally Added On: October 23rd, 2019]