Sections SEARCH Skip to content Skip to site index Technology Subscribe Log In Log In Today’s Paper Technology | With the Economy Uncertain, Tech ‘Unicorns’ Rush Toward I.P.O. Supported by ByErin Griffith and Mike Isaac Dec. 6, 2018 SAN FRANCISCO — For years, Uber and Lyft put off going public. Now, they are speeding up. Faced with a volatile stock market and the prospect of an economic downturn next year, the ride-hailing services have moved more urgently toward an initial public offering, said four people with knowledge of the companies’ plans, who were not authorized to speak publicly. Lyft originally aimed to list its shares toward the middle of 2019, but it began moving more quickly after the recent stock market sell-off and because of a desire to go public before Uber, said two of the people. On Thursday, the company, which was most recently valued at $15 billion, announced it … [Read more...] about With the Economy Uncertain, Tech ‘Unicorns’ Rush Toward I.P.O.
Technology and the economy
It should be common sense, and not bear repeating, but faced with the prospect of senators concerned that Australia's supply of startups is disappearing, Commonwealth Scientific and Industrial Research Organisation (CSIRO) CEO Dr Larry Marshall has dropped a dose of reality: Companies commercialising actual science are better for Australia than your latest Snapchat clone. "I think there is a bit of a misconception on what a startup is these days, because startups are just SMEs after the media has lost attention, once they become real companies," Marshall told Senate Estimates on Thursday night. "In CSIRO, we do digital innovation, but we also do deep science innovation, things people generally don't think of as tech or innovative, but they are. Things like cotton, we are actually developing, believe it or not, a cotton that doesn't need to be ironed, that competes with the properties of synthetics." Marshall said science is a wellspring for startups, but, because it's outside the … [Read more...] about CSIRO: Our science startups are better for the economy than techbros
The term ‘innovation’ has become an overused buzz word over the past few years. In fact, it’s now so synonymous with business jargon that it is almost impossible to find a new product that isn’t branded ‘innovative’. But is the tech industry at risk of losing sight of true innovation, and further still, a way to introduce it? It’s an important question to consider at a time when CIOs are faced with the challenge of how to introduce new technologies that drive positive business outcomes.According to data from Ricoh’s Economy of People report, released earlier this year, technology is seen as the greatest driver of output-per-hour by both employees and employers. When asked about how technology impacts their working practices, everyone agreed that technology improves productivity, the ability to make better-informed decisions and the ease of working easily with others outside their business.I have observed that limitations to innovation … [Read more...] about Why business agility breeds innovation and the success of new technologies
Video: Who are the players in the battle over 5G and why do we care? In the building of a railway the first thing is to make the surveys and locate the position of the intended road upon the ground, and to make maps and sections of it, so that the land may be bought and the estimates of cost be ascertained. The engineer's first duty is to make a survey by eye without the aid of instruments. This is called the "reconnoissance." By this he lays down the general position of the line, and where he wants it to go if possible. Great skill, the result of long experience, or equally great ignorance may be shown here. - Thomas Curtis Clarke, The Building of a Railway, 1889 Two equally, critically important events in the evolution of wireless communications technology took during the third week of May 2018, at or around the same point on the globe. The 3rd Generation Partnership Project (3GPP), a consortium of the world's principal telecommunications equipment and service … [Read more...] about The biggest switch: 5G and the race to replace the future
Video: Robots challenge traditional economic analysis: Why raise wages?If someone told you productivity in the UK is at the lowest level since the 18th century, how would you react? Skepticism would be warranted, because that's actually not true. Still, it provided the backdrop for an in-depth discussion on productivity and the future of work in relation to technology with one of the people in the know.Read also: How workers can retrain for careers in an automated world | Standing on the shoulders of metal and silicon giants | Numbers tell the story: A new record for automation technologiesGuy Kirkwood is UiPath's chief evangelist. UiPath is among the leaders in Robotic Process Automation (RPA), with robots in this case being software robots configured to carry out repetitive tasks that humans previously handled. Think data entry, form submission, and the like.Kirkwood, with a 20-year career in Business Process Outsourcing before joining UiPath, is known for making bold statements: … [Read more...] about The road to automation, the joy of work, and the ‘Jen problem’