Share to Twitter Share to Linkedin These days, nearly all companies assemble digital platforms so they can better compete in the marketplace. Platforms enable companies to better serve their customers and their employees as well as orchestrate their ecosystem. A platform integrates technology and services in a way that allows a company to operate differently. Hence, the platform world is vastly different from the current IT paradigm. Let’s look at the differences in aspects, including the cost to build, cost to maintain, cost of engineering and IT talent requirements, and need for retiring technical debt. Cost to build and maintain The current IT paradigm is that a company builds an application (or buys components), then implements it, then maintains it. Once it’s up and running, the cost to maintain it is a fraction of what it cost to build or buy it. It’s like building and maintaining a house. But platforms are different. They are not single … [Read more...] about Understanding Digital Platform Costs
Representing 4 digit numbers in different ways
Twitch, a live-streaming giant, comes under scrutiny after Buffalo shooting
(CNN Business) Twitch, the livestreaming giant popular among video gamers, has been thrust into the national spotlight after the suspect in the Buffalo grocery store mass shooting tried to broadcast the attack on the platform. Twitch removed the livestream less than two minutes after the violence began on Saturday, a spokesperson for the company told CNN. Despite the quick action by Twitch to delete the content, clips and copies of the disturbing video of the shooting, which police says was a racially-motivated hate crime, quickly spread across other social media platforms over the weekend. The Buffalo shooting suspect had plans to shoot more Black people after deadly rampage at a grocery, authorities say While Twitch may not be as much of a household name as some other large social platforms, the Amazon-owned service has gained immense popularity in recent years beyond gaming. Twitch has become a destination to watch others play video games, raise goats … [Read more...] about Twitch, a live-streaming giant, comes under scrutiny after Buffalo shooting
Environmental Impact Assessments Could Undermine Sustainable Fashion—Experts Explain Why.
Share to Twitter Share to Linkedin Fashion’s environmental impacts are often calculated (and communicated) through Life Cycle Assessments (LCAs). LCAs assess the impact of goods or services, typically from cradle (raw materials) to gate (when they are shipped to consumers); And they are commonly used to determine ‘how sustainable’ something is. This makes LCAs critical decision-making tools as the industry stares down a target of 45% emissions reductions by 2030 (amongst other environmental targets). Life Cycle Assessment is typically conducted using primary and/or secondary data according to International Standards Organisation guidelines (specifically, ISO 14040:2006 ). It is often arduous, expensive and highly subjective, providing high levels of specificity, but low levels of comparability with other materials, products or processes. However, in practice, that’s precisely what LCAs are regularly used for, leading to ‘apple and oranges’ comparisons and … [Read more...] about Environmental Impact Assessments Could Undermine Sustainable Fashion—Experts Explain Why.
The 10 Best Examples Of The Metaverse Everyone Should Know About
Share to Twitter Share to Linkedin The metaverse – everyone is talking about it, but no one is exactly sure what it actually is. This makes it a bit difficult if we want to put together a list of platforms or experiences that represent the best of what it could be. But if we take it to mean persistent, connected digital environments which focus on providing immersive experiences for users, we can have a go at highlighting some projects – existing and on the horizon - which stand out. Not all of the projects highlighted here involve virtual reality, or decentralization, or cryptocurrency. Although those are all technologies that are likely to have a place in the metaverse , it isn’t strictly essential that they are part of every metaverse. So rather than focusing on examples that tick all of the boxes, today’s best examples tend to be those that do one or more of the core elements particularly well. Not all of these are fully functional yet (and one … [Read more...] about The 10 Best Examples Of The Metaverse Everyone Should Know About
Engineering Challenges For Technology Platforms
Share to Twitter Share to Linkedin Nearly every company is increasing its investment in technology and attempting to create new competitive advantage by assembling technology into platforms that transform how they serve their customers, service their employees, and coordinate their supply chains. Platforms automate existing activities and functions, fundamentally changing how leaders run an organization. Platforms cut across traditional organizational boundaries, incorporating many departmental functions, thus forcing a restructuring of process, organization, and technology. That creates a real challenge for organizations. Platforms automate existing activities and functions. Companies use their platforms broadly to both compete and run the organization. Digital platforms emerged when companies recognized they could dramatically improve customer or user experience by increasing the level of automation to achieve desired end-to-end process results. … [Read more...] about Engineering Challenges For Technology Platforms
Bitcoin Trailblazer Raises Capital To Create Interplanetary Cryptocurrency
LedgerX co-founder Paul Chou is building on the sale of the company he created by raising capital for a new kind of cryptocurrency that can be spent on Earth, the Moon, Mars and beyond. I t’s just before midnight on a rainy autumn Friday. Paul Chou and his entourage dodge puddles on the runway of the Teterboro Airport in New Jersey as they board a Gulfstream private jet bound for Las Vegas. The flight attendant cracks open a bottle of champagne and with a nod welcomes the passengers aboard. The girls disappear into the back and emerge minutes later wearing sequined cocktail dresses and feather boas. Sensing she’s in for a party, the attendant offers a round of tequila shots just as the inertia from the plane taking off to the Bellagio Hotel & Casino forces her laughing into her seat. Ostensibly, Chou, 38, is celebrating not only his birthday but the sale for an undisclosed amount of LedgerX, the ground-breaking bitcoin derivatives firm he co-founded with his wife in … [Read more...] about Bitcoin Trailblazer Raises Capital To Create Interplanetary Cryptocurrency
China economy czar vows support for tech firms after crackdown
BEIJING (Bloomberg): China’s top economic official gave an unusual public show of support for digital platform companies Tuesday (May 17), suggesting Beijing may be ready to let up on a year-long clampdown on technology giants as it battles a slowing economy. The government will support the development of digital economy companies and their public listings, Vice Premier Liu He, who is President Xi Jinping’s most senior economic aide, said after a symposium with the heads of some of the nation’s largest private firms. Baidu Inc. founder Robin Li, Qihoo 360 Technology Co.’s Zhou Hongyu and NetEase Inc chief William Ding were among the tech luminaries spotted at the forum, according to a video posted online. Liu’s remarks reported by state media were short on detail but signal further easing of the regulatory risk for China’s technology behemoths including Baidu and Tencent Holdings Ltd., as investors await clues on whether a rout in their shares is near an end. The Hang Seng Tech … [Read more...] about China economy czar vows support for tech firms after crackdown
3 Emerging Markets Stocks That Are Secular Winners On Sale
Share to Twitter Share to Linkedin Every market selloff presents opportunities. The iShares Emerging Markets ETF EEM is down -17% year-to-date. Even though Emerging Markets are notoriously volatile, this region is attractive due to its outsized growth potential. According to Lazard Asset Management , Emerging Market (EM) economies are responsible for about 60% of global growth, yet only represent about 13% of the MSCI All Country World Index ACWI . This gap won’t disappear overnight, but it bodes well for EM’s long-term investment prospects. EM has faster economic growth due to relatively attractive demographics and ongoing urbanization. If you’re a long-term investor, adding emerging markets exposure may also prove timely. Below is a chart of the MSCI Emerging Markets Index compared to the S&P 500 Index, expressed as a ratio. When the line is rising, it means Emerging Markets are outperforming US stocks. When the line is falling, it … [Read more...] about 3 Emerging Markets Stocks That Are Secular Winners On Sale
Pact to smooth Saudi trade, investment ties
Saudi Arabia's Minister of Investment, Khalid Abdulaziz Al-Falih (left) shakes hands with Sanan Angubolkul, chairman of the Thai Chamber of Commerce in an undated photo. The Board of Trade of Thailand has signed a memorandum of understanding (MoU) with the Federation of Saudi Chambers on cooperation in five areas to boost trade and investment between the two parties. According to Sanan Angubolkul, chairman of the Board of Trade of Thailand, the five areas comprise a plan to set up a Thai-Saudi Business Forum between businesses from the two sides, trade exhibition support, investment and regulation-related information exchange, business facilitation, and free trade agreement (FTA) talks between Thailand and Saudi Arabia to stimulate bilateral trade. In addition, according to Mr Sanan, Thai private companies such as Siam Cement Group, Gulf Energy Development, Indorama, Minor Group and Dusit Thani had also signed MoUs with the Ministry of Investment of Saudi Arabia on cooperation … [Read more...] about Pact to smooth Saudi trade, investment ties
Surprising Truths About The Great Resignation And Retaining Talent
Share to Twitter Share to Linkedin Many articles now plaster the business media with news about the Great Resignation where employees see a hot labor market today and decide to go after a better situation for themselves. At Everest Group, we gathered empirical evidence from employees in many companies and compared that data with our findings from discussions with C-suite executives in leading organizations. Our study yielded both surprising and unsurprising findings. The biggest surprise is the significant gap between the reasons why employees move to other companies and what employers now do to try to retain them. The money picture Let’s start with data around why people leave their jobs and move to another company. It’s unsurprising, to say the least. They leave because they can get paid a lot more somewhere else – not a modest amount more – a lot more. What is surprising is the order of magnitude that this is happening and the amount of the … [Read more...] about Surprising Truths About The Great Resignation And Retaining Talent