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121
VR & AR / VR Technology Watch: 5 Top Trends in VR & AR
« on: March 17, 2018, 08:59:13 PM »
VR Technology Watch: 5 Top Trends in VR & AR


1. VR/AR Unleashed…Literally

Researchers at SuperData, observe that a growing number of consumers have become aware of – and comfortable with – a wide array of head mounted displays. As a result, consumers are ready to take the training wheels off, and move from basic web-based immersive offerings to explore more sophisticated experiences—and specifically untethered experiences. This means that VR HMDs (head mounted displays) which currently tether the user to a powerful PC via cables may become a thing of the past, making room for smaller, lighter and more frictionless interaction between user and device. Companies poised to breakout wireless headsets include the folks at Oculus, Google, Sony, Apple, HTC and Microsoft.


2. The Internet of Things will Go Virtual

The ever-growing Internet of Things (IOT) already allows millions of connected appliances to communicate wirelessly— Siri anyone?? This year we will see programmers finding new and exciting ways to leverage all the IOT connectivity via emerging technology. For example, Microsoft has partnered with a company called Energous to develop a wire-free charging ecosystem- that will deliver electronic charging to any electronic device within 15 feet of the charging station. The technology exists, and if Microsoft really does roll out what Energous has developed, imagine the experiences unleashed by an HMD that automatically connects to and communicates with every electronic appliance in the house.


3. AR will take Smartphones to the Next Level

AR is going to be a big feature that sells smartphones in 2017. Companies are developing hardware-level augmented reality- such as depth-sensing cameras. Expect this hardware to be available in next generation high-end smartphones starting this year (IPhones, Samsung’s Galaxy line or the Google Pixel.)



4. Big Opportunities in Retail and Advertising


In 2017, look to see well-known brands using VR/AR to further advance experiences within retail spaces. Or, to be more precise ‘outside’ retail spaces. No longer will brick and mortar showrooms be necessary—VR /AR will enable people to enjoy virtual shopping in ways that were previously impossible through highly customized and personalized customer experiences. Within the past year, Microsoft and Volvo have come together to work on virtual sales for Volvo. Expect to see most of your favorite brands exploring new ways to utilize emerging VR/AR technologies going forward.


5. Tremendous Added Value for Healthcare

The Healthcare industry is positioned to greatly benefit from the integration of VR and AR technologies. From diagnosis, planning, training and even –in some cases- treatment, the budding technologies in healthcare could have a profound impact on doctor –patient relationships and how primary and secondary care is delivered.

For example, a company called Immersive Touch has pioneered a surgical virtual reality platform that allows surgeons to see, feel and experience surgeries virtually before entering the operating room. The company adds haptic and tactile feedback to the VR reconstruction to replicate surgical touch and feel of the patient’s anatomy, giving surgeons the option to rehearse and experiment. Afterwards, every VR reconstructed case is stored in the Immersive Touch case library for further utilization, collaboration and data analysis.

Source: http://immersive.technicolor.com/article/vr-technology-watch-5-top-trends-vr-ar/

122
VR & AR / Tech Trends Shaping Enterprise in 2017: AR & VR
« on: March 17, 2018, 08:52:02 PM »
Tech Trends Shaping Enterprise in 2017: AR & VR

Companies and entrepreneurs who anticipate major technological changes are the ones who reap the rewards of being forward thinkers. Apple and Microsoft were the first to see the opportunities the PC would bring and hence dominated the field. Years later, Google and Apple bet on the smartphone’s potential and are still unbeatable in that sector. So, what should we be watching out for in 2017? Augmented reality (AR) and virtual reality (VR) are two of the tech trends that are currently shaping enterprise. They have become, undoubtedly, the latest tech industry buzzwords.

In case you’re still wondering what AR and VR actually are, it’s worth pointing out the differences between them. Both technologies overlay the digital world onto our human senses, but the best way to distinguish them is that AR still lets you see the real world while you’re using the technology. You’ll know you’re immersed in VR if everything around you is digital.


Technology catching up to the concept

In terms of hardware, AR uses the devices we already own, mainly our smartphones, but VR requires additional equipment. VR headsets place a screen close to your eyes and allow the virtual world to move with you in a realistic way. Headsets come in high quality, expensive models or more affordable, simplified versions that require you to place your smartphone into a special slot to use its screen.

VR has been around since the 1950s, and perhaps even earlier, but its implementation in enterprise has been slow. The current heightened interest in the technology may be due to the growth of affordable headsets.

AR hit the mainstream in 2016 causing quite a stir with Nintendo’s Pokémon Go, but much like VR, it has yet to enter everyday use. This year, however, Amazon Go is set to disrupt retail shopping, and technology giants like Facebook, Apple, Microsoft and Google are not staying out of the game.

How is FAMGA implementing virtual and augmented reality?

FAMGA refers to the big players in the technology industry: Facebook, Apple, Microsoft, Google and Amazon (on which the Pagely Managed WordPress hosting stack is built upon). Given that these companies dominate the technology field, it’s no surprise they are leading the AR and VR landscape as well.
Amazon

Amazon recently began opening brick and mortar shops in the US that aims to revolutionize the shopping experience. Today, Amazon opens their first Silicon Valley area bookstore with more openings slated for later in the week. The aim in their physical stores, which is currently in beta for Amazon employees in Seattle, is for customers to be able to go in, pick up what they need and simply walk out without having to line up and pay at a cash register. Through the use of sensors, Amazon will be able to simplify the shopping experience. In a way similar to using Uber, payment will be taken care of on the backend.

Amazon is transforming the buying journey and creating new customer expectations. In doing so, it forces other brick and mortar stores to keep up with these technological advances or risk getting left behind by not meeting new consumer demands.

Facebook


Facebook has built augmented reality straight into the camera, much in the same way as Snapchat did earlier. The most prominent example of VR is the Facebook-backed Oculus Rift headset, released in March 2016. During last year’s Oculus Connect conference, company founder Mark Zuckerberg took the stage wearing an Oculus Rift headset and demonstrated how the system ties seamlessly into the Facebook ecosystem.


The still-unnamed Facebook VR experience featured gestural tracking and voice analysis, resulting in avatars with detailed facial expressions that let human emotion show through. While there is no official launch yet, this project is the first to combine Facebook’s full social features to Oculus.

Apple

While augmented reality platforms could be a threat to the iPhone, Apple cannot sit idly watching its competitors successfully build one first. Apple CEO Tim Cook has been dropping hints about Apple’s interest in augmented and virtual reality for a while now. He believes AR has more potential than VR because it’s more social: AR headsets could be used in everyday life as you interact with others in person.

The company recently launched ARkit, a system that uses the phone’s built-in camera for building augmented reality into iPhone apps. This toolkit for developers promises to make creating AR apps much easier.

Google

Even though consumers didn’t embrace the first version of the Google Glass headset, Google has other augmented reality projects in the works. The company is focusing less on special effects and more on object recognition. The Google Lens app understands what it sees, and will be able to show you, say, the name of a given flower in your camera window.

Another one of its AR projects is Tango, which uses special depth-detecting cameras and sensors to turn games and apps into immersive experiences in smartphones. To date, there are only two Tango phones on the market: Asus and Lenovo.


Microsoft

There’s a third player in the field that we haven’t discussed yet: mixed reality. Mixed reality is hard to describe, as it seems that there is still no consensus on the definition. Think of it, though, as AR effects into a VR headset in order to see the real world through a lens.

Enter Microsoft’s reality-bending HoloLens “hologram” goggles. The HoloLens places digital objects into your field of vision, blurring the line between the digital and the real world. It’s worth noting that the HoloLens headset is currently only available to app developers. It was recently announced that the HoloLens 2 will have a custom AI chip designed by Microsoft.


How soon will users have access to these technologies?


The technology is already here: both in the form of entertainment such as Pokémon Go and cute camera filters, or for practical uses like Amazon Go. However, while audience interest and demand is high, really high-quality AR and VR experiences are still in their infancy.

Goldman Sachs Researcher Heather Bellini expects virtual and augmented reality to become an $80 billion market by 2025. According to Bellini, these technologies have the potential of being equally transformative for consumers and enterprise.


Have you experienced the altered reality experience offered by AR and VR? If not, check out a Tango phone, try on an Oculus Rift headset or play around with Snapchat’s filters. We live in a world where science fiction seems to be at our fingertips.

Source: https://pagely.com/blog/tech-trends-ar-vr/

123
Art, Design and Lifestyle / 18 Disruptive Technology Trends For 2018
« on: March 17, 2018, 08:29:46 PM »
18 Disruptive Technology Trends For 2018

1. Mobile-first to AI-first

mobile first to ai firstA major shift in business thinking has placed Artificial Intelligence at the very heart of business strategy. 2017 saw tech giants including Google and Microsoft focus on an“AI first” strategy, leading the way for other major corporates to follow suit. Companies are demonstrating a willingness to use AI and related tools like machine learning to automate processes, reduce administrative tasks, and collect and organise data. Understanding vast amounts of information is vital in the age of mass data, and AI is proving to be a highly effective solution.  Whilst AI has been vilified in the media as the enemy of jobs, many businesses have undergone a transformation in mentalities, viewing AI as enhancing rather than threatening the human workforce.


2. Personalisation & Customisation

In consumer goods, life sciences, aviation and financial services in particular, businesses will continue to personalise products and services to satisfy individual consumer needs without unduly increasing costs or waste. This will positively impact end to end supply chains, data flows and encourage capital investments. Personalisation has become a key customer requirement that companies need to offer in order to remain competitive.

3. Meatless meats


Until recently, the options for plant based alternatives to meat have been pretty limited. For those following plant based diets, tofu and Quorn were often seen as the best options for protein substitutes. Now, a new wave of food producers are creating meat alternatives that look, feel, smell, and most importantly taste just like the real thing. Companies like Impossible Foods, Beyond Meat and Memphis Meats have attracted huge interest, not to mention investment from backers including Bill Gates and Richard Branson. The growth of meatless meat companies reflects environmental concerns surrounding meat consumption, as well as consumer demand for greater choice.

4. Personal data value platforms

Personal data has become an economic asset. However, a lack of consumer knowledge about exactly what it is used for and how much it is really worth could lead to a reluctance to share data. Personal data value platforms will help to inform individuals about the value of their data, driving a wave of new products and services aimed at helping consumers to take ownership of their personal information. The introduction of legislation like GDPR will also contribute to this goal as organisations will have to comply with strict data protection rules.

5. Huge growth in the as-a-service model


everything-as-a-serviceThe growth of the as-a-service business model has resulted from changes in both corporate and consumer needs. Customer demand for resources has triggered innovation in the reuse and remanufacture of goods, reflecting the trend of environmental awareness and a preference for access over ownership. For businesses, as-a-service solutions cut costs by simplifying IT infrastructure. Between 2016 and 2020, the global XaaS (anything as-a-service) market is forecasted to grow by 40 per cent each year.


6. Sustainability becomes a major feature in innovation

According to a report by the Business and Sustainable Development Commission, sustainable business has the potential to unlock $12 trillion in new market value. Companies have recognised the importance of pursuing sustainable development to create maintainable strategies, answering consumer demand for environmental awareness and supporting the implementation of the circular economy. This willingness has run alongside the efforts of official powers such as national governments and collective international bodies like the United Nations. The organisation’s ambitious Sustainable Development Goals (SDGs) will increasingly feature on the innovation agendas of businesses.

7. Voice based virtual assistants become ubiquitous

Google HomeThe wide uptake of home based and virtual assistants like Alexa and Google Home have built confidence in conversational interfaces, familiarising consumers with a seamless way of interacting with tech. Amazon and Google have taken prime position between brand and customer, capitalising on conversational convenience. The further adoption of this technology will enhance personalised advertising and sales, creating a direct link between company and consumer.


8. Steps towards Industry 4.0 and the factory of the future

The installation of smart sensors and the application of data analytics will deliver further steps towards the factory of the future. The wider use of automated processes powered by AI, advanced robotics, and IoT connectivity will contribute to realising the ambitions of Industry 4.0. Otherwise known as the Fourth Industrial Revolution, Industry 4.0 promises a more connected world in which machines carry out mundane tasks. Many companies, such as Amazon, have taken tangible steps to implement this in automated warehouses.

9. Blockchain comes of age

Organisations across a wide range of sectors are already experimenting with blockchain technology to establish trust networks, improve transparency, and reduce friction and costs. Despite fierce debate, interest in cryptocurrencies powered by blockchain remains strong. More commercial businesses are accepting cryptocurrency payments, starting of course with Bitcoin and Ethereum. Industrial applications will expand, encompassing the obvious financial uses as well as innovative solutions for energy, trade, marketing, healthcare, security and more.


10. Improved decision making with Prescriptive Analytics

The emergence of smart data discovery capabilities, machine learning, and the automation of the entire analytics workflow is enabling organisations to handle vast amounts of information. Smart data discovery capabilities in particular are driving huge advances in how we understand unstructured and dark data. Using this data organisations are able to predict market developments bringing greater depth to prognostics. Prescriptive analytics goes beyond knowing, providing recommended actions based on prior outcomes. A recommended course of action to achieve a specific outcome.

11. CRISPR

Disrupted DNA - DNA editing with CRISPR first successful(?) experimentsGrowing interest and investment into gene editing technologies will allow research teams to precisely alter, delete, and rearrange the DNA of nearly any living organism. Synthego’s 2017 Future of CRISPR Research survey found that 87 per cent of new CRISPR users were also new to gene editing, showing that CRISPR’s simplicity has catalysed the further development of the scientific technique itself. We will see CRISPR’s use cases expand, battling disease and world hunger.

12. Convergence

As emerging technology and new business models transform sectors, the lines are blurring between what were previously seen as distinctly different industries. The convergence of industries opens up huge opportunities for organisations to evolve, offering new products and services to their customer bases. Automotive companies, for example, are investing in ride sharing apps as they look to reinvent themselves as mobility solutions, and banks are working with FinTechs to evolve alongside consumer needs.

13. Commercial drones and UAVs

Moving beyond the hobbyist and warfare applications, commercial drone use has begun to grow across a wide range of industry sectors. Drones are a relatively cost effective solution for surveying physical processes, whether they are happening on a construction site, in a field, or to aid security control in urban centres. No longer a novelty, drone application is set to balloon – provided that suitable regulations can be made.


14. Diversity becomes a major boardroom issues

If 2017 was the year we woke up to  the lack of diversity and equality across the world, 2018 will be the year that individuals and organisations begin to address the problems leading to increased diversity within major organisations.  Diverse teams have been shown to achieve greater productivity, and are naturally more innovative due to their varied backgrounds. Whilst scientists have shown that a lack of  diversity has the potential to create AI programs exhibiting racial and gender biases. This, along with fulfilling a moral code of fairness and equal opportunity, will lead businesses to take steps to address the lack of diversity within their organisations. This includes (but is not limited to) a wide spectrum of age, education, gender, race, and sexuality.

15. Growing interest in digital twins

digital-twinsA digital twin is a simulation model that updates and changes in accordance with real world assets to enable better decision making and improve understanding of the state of systems. A digital twin could be used to simulate a piece of complex machinery, for example, predicting how it will respond in certain scenarios and how best to optimise performance. Digital twins will provide businesses with the ability to respond to changes, improve operations and add value to the Internet of Things.

16. Spatial Computing augments the real world

High quality Augmented and Mixed Reality is here, and it’s not just for industrial workers wearing Google Glass. Notable steps by major companies – such as MagicLeap’s long awaited headset release and Apple’s commitment to mobile AR – are opening up previously unimaginable opportunities for corporations.  Advances in Augmented and Mixed Reality technologies will see an explosion of commercial applications way beyond entertainment. We are on the cusp of a major shift in how we interact with the real world,  with our smartphone  or smart glasses as our gateway and guide.

17. Renewables and Clean Energy near tipping point

RenewablesThe cost of renewables is plunging faster than anticipated as the efficiencies of wind turbines and solar panels increase. This, coupled with huge advances in energy storage, will see the continued decline of fossil fuels. Incumbent businesses like Shell and BP are shifting their focus to renewable options as consumers gradually adopt clean energy options. One of the most notable triumphs of the renewable cause has been the manufacture of economically viable electric vehicles, and the implementation of an infrastructure to support them.


18. Increased cross sector innovation

Convergence, collaboration and the open source movement have all contributed to the encouragement of cross sector innovation. Companies are looking to businesses in other industries for insights and expertise that can enhance their own products and services. AgriTech and FinTech, for instance, are developing alongside each other to tackle financial issues within farming. As cross sector innovation becomes the norm, we will see the greater application of successful strategies and business models from one industry to another.

Source: https://disruptionhub.com/2018-disruptive-trends/

124
4 Technology Trends That Will Transform Our World in 2018

1. IoT becomes BIoT

The biggest mistake most prognosticators make is underestimating the potential for fast growth in our hyper-connected world. Automobiles took time to catch on because would-be drivers had to wait for roads and gas stations to be built.

But today’s disruptive innovations rely on existing infrastructure for mobile devices that puts most companies just a few clicks from billions of consumers. One of those is the Internet of things (IoT), which involves adding smart sensors to connected devices so that users can do things like ask Amazon’s Alexa digital assistant to turn off the lights or order a pizza.

But blockchain, one of the underlying technologies for the hot cryptocurrency bitcoin, can make IoT devices even more useful. It creates a digital record across hundreds or thousands of computers, vastly reducing the risk of hacking.

Combining IoT with blockchain —or BIoT—ushers in a whole host of new services and businesses. For example, BIoT can be used to track shipments of pharmaceuticals and to create smart cities in which connected heating systems better controls energy use and connected traffic lights better manage rush hour.

In 2018, companies will begin to use Application Programming Interfaces, or software used to connect different databases and computer services. Combined with the blockchain Internet of things, it will be as easy to get data from sensors in a warehouse as accessing websites on our mobile phones. When manufacturers, retailers, regulators, and transportation companies have real-time data from sensors imbedded on products, trucks and ships, everyone in the distribution chain can benefit from insights that they were previously unable to get. With BIoT, companies and consumers can also be assured that their most valuable data on the blockchain cannot be hacked.

2. The fintech renaissance

While bitcoin and blockchain were grabbing the headlines in 2017, social and mobile payments have fundamentally changed the financial markets. In China, mobile payment volumes now exceed $5 trillion annually.

All aspects of the payments chain are open to disruption as blockchain speeds clearing house functions while smart contracts handle settlements. In 2018, look for biometrics such as facial recognition, voice ID, and fingerprints to help make shopping far quicker —by eliminating the need to swipe a credit card at checkout, for instance. Instead, you will be able to verify your identity for a merchant scanning your eyes with your smartphone, in what’s known as a retinal payment. A bold clairvoyant could even predict that some major retailers will hop on the cryptocurrency bandwagon and issue their own secure currency next year.

Fintech will likely also become greener in 2018. With cryptocurrencies reaching over $300 billion in total value, there is now a financial incentive for investments into quantum computing, which involves using the behavior of energy at a subatomic level to process computing functions at a billion times faster than today’s microprocessors.

By some estimates, mining today’s cryptocurrencies, such as bitcoin, requires more electricity annually than the amount of energy used in 159 countries. With cryptocurrency’s carbon footprint rapidly growing, quantum computing has the potential to greatly reduce the estimated 28TWhs of electricity consumed by all of the current computers processing bitcoin.

Analysts now anticipate that banks will derive over $1 billion annually from blockchain-based cryptocurrencies within the next two years as traditional financial institutions start treating cryptocurrencies and other digital assets similar to traditional fiat currencies with more efficient payment systems, loan processing, and credit instruments. Going green by using less energy to create bitcoins, will translate into earning more green.

3. Augmented reality goes mainstream


Before smartphones existed 10 years ago, most people would consider spending five hours daily staring at your phone as crazy. In 2018, the bent-neck trend will start to reverse itself.

The mobile game Pokémon Go has unleashed a billion-dollar demand for augmented reality entertainment, and major brands are taking notice. Thanks to the introduction of affordable augmented reality glasses, our phones will remain in our pockets and Heads Up Displays (HUD) will improve how we work, shop, and play.

HUDs, best known today as the instrument gauges that fighter pilots monitor on their visors or windshields, will become a standard in consumer eyeglasses. Imagine walking down the street in a foreign country, for example, and having all of the store signs instantly translated into English thanks to your trendy sunglasses.

AR will customize in-store experiences with mannequins that match your body type and display enough virtual inventory to rival any online site. Merchants will create AR experiences with their packaging so that demonstration videos can appear when you look at the product on the shelf or celebrity spokespeople can magically stand in the aisle to pitch the product. Virtual pop-up stores can be built to appear anywhere that crowds are gathered (in a stadium, a busy street corner, or even inside a subway). These non-brick and mortar retail locations will bring new opportunities for merchants to create engaging shopping experiences anywhere with accessible bandwidth.

Li-Fi, a new light-base wireless connection with data speeds 100 times that of Wi-Fi, will bring high-definition virtual objects into stores. With Li-Fi and AR, consumers can see limitless virtual inventory in store, at scale.

With just a wave of your hand, a car salesperson can change the model, color, and customized features of the car “sitting” on the dealership’s showroom floor. Combining real and virtual objects can enhance experiences for all out-of-home activities. Sports stadiums will be brought into the 21st century with personalized HUDs of players on the field. Imagine watching a live football game in the stadium and seeing personalized stats floating above the fantasy sports players you follow. When watching sports from home, AR has the potential to bring the excitement of life-size boxing matches into your living room. The real promise of AR is to bring people the information they need without having to ask for it.

For many, 2018 will be the start of living an augmented life.

4. 2018 is the year of the bots

We all have gotten use to speaking with bots whenever we call to make airline reservations or to confirm our bank account balances. The use of natural language bots will expand from use as automated customer service agents to become routine for daily living.

Home bots will do more than just respond to requests, to being able to provide timely information such as, “It’s time to take your medicine.” You may even feel like Don Quixote as mobile bots become dedicated Sancho Panza servants—always at the ready and by your side.

Imagine a bot whispering in your ear “don’t make that purchase or you will be over your credit limit” or “your parking meter expires in two minutes.” Bots will help with the children, act as financial investment advisors, and be an omnipresent value-add from the brands you trust. With phones staying in our pockets, businesses will likely spend more on creating chatbots in 2018 than on apps in an effort to better serve their customers.

Source: http://fortune.com/2017/12/26/4-technology-trends-2018/

125
Popular Trends Ready To Disrupt The Tech Industry In 2018

1. Commoditized Artificial Intelligence

Now that some of the world’s most advanced artificial intelligence and machine learning can be developed in hours on a personal computer with open-source frameworks, AI will become more pervasive and ubiquitous than it is. Software will get smarter and more multicapable as the latest in natural language processing, computer vision, recommender systems and more become as easy to develop as a CMS. - Carson Kahn, Volley.com

2. Chatbots

I think we will see more chatbots than ever before and we will have to learn to start interacting with these for more services. This will help us teach them what we want from the experience and interaction. - Chalmers Brown, Due

3. Growing Importance Of Ethics In Tech Innovation

We are running up against ethical dilemmas that relate directly to what and how we're creating: targeting ads according to troubling demographic dimensions, angst over job automation, universal basic income, even the prevalence of sexual harassment. The tech industry is innovating faster than we are forming systems of ethics that frame the industry's work. - Kieran Snyder, Textio

4. Augmented Reality


Snapchat has helped bring augmented reality to the forefront with its fun face filters. Most recently, Apple introduced ARKit to make it easier than ever for developers to integrate augmented reality into their iPhone apps, and companies such as Amazon have already started to embrace it. I think 2018 is going to be the year of augmented reality. - Thomas Griffin, OptinMonster

5. Hardware And Software Features To Support AR, ML


A number of companies have produced hardware and software features to support augmented reality and machine learning. As developers take advantage of these chips and APIs, we will see apps that will let us view our world differently and better communicate with machines. I also see this tech being used to monitor security, help aggregate big data and improve the identity verification process. - Chris Kirby, Voices.com

6. Augmented Analytics

Augmented Analytics automates data insight by utilizing machine learning and natural language to automate data preparation and enable data sharing. This presentation of data helps to simplify it down to a clear result while providing access to sophisticated tools that empower business users and team members with the luxury of making day-to-day decisions with confidence versus opinion and bias. - Jeremy Williams, Vyudu

7. Pressure To Move To The Cloud

More companies will move to the cloud because more CEOs will issue mandates to do so. These mandates will raise anxiety levels among the teams that must execute. They’ll struggle with questions over legacy apps and lose sleep over whether they have the staff and skills to accomplish it. The cloud is a game-changer, but 2018 will bring additional pressures for the companies moving to it. - Todd Delaughter, Automic Software

8. An Increase In Cracker Attacks


Cracker attacks will become more common than ever, both targeted and non-targeted. Attackers will probably aim at platforms and devices that can't keep up with the patching of security vulnerabilities or ones that have poor security design. This trend is ongoing, and the damages will cost even more. It seems “WarGames" is already a reality and will continue to be so in the future. - Ivailo Nikolov, SiteGround

9. Cybersecurity Investments

If anything disrupted the tech industry in 2017, it was the consistent news of cyberattacks around the globe. Investment in cybersecurity measures is critical right now, and I am interested to see how tech can help the private and public sectors to increase their cybersecurity readiness. The cloud is providing higher levels of data security, so I hope to see more trust in the cloud in 2018. - Marcus Turner, Enola Labs

10. Blockchain

Blockchain technology is the trend to watch in 2018. Cutting out the middleman in many industries is going to have a big impact on markets. Associated with blockchain is the trend toward a bankless system, which could be a game-changer in the financial sector. This may not blow up the pay industry, but we are seeing trends intended to improve consumer convenience, and solutions that do that will win the day. - Jim Higgins, Solutionreach.com

11. Conversational Artificial Intelligence


Conversational AI will be the single most disruptive force in technology in 2018. Conversational applications will show up full force in the enterprise, across boring areas like supply chain, sales, manufacturing and insurance. Coupled with runaway success from consumer-driven applications such as Alexa, the Comcast remote, etc., voice and natural language interaction will slowly replace the keyboard. - Ram Menon, Avaamo

12. Visual Media (Voice Assistant Tech Integration)

The Amazon Echo Show is one example of how visual media is a key element of the smart assistant experience, and it’s just the tip of the iceberg. Advancements can be made through smart collaboration between voice assistant technology companies and media providers, and we should expect to see a wider range of capabilities and real-time personalization of visual media from voice assistants in 2018. - Zohar Dayan, Wibbitz

13. 3-D Printing

3-D printers are changing the way multiple industries manufacture their products and are being integrated frequently into company manufacturing pipelines. There are now portable 3-D printing options and simple-to-use guidelines that allow these printers to be used in a consumer's home. As the price for these printers falls and accessibility increases, 3-D printing will keep disrupting industries. - Alexandro Pando, Xyrupt

Source: https://www.forbes.com/sites/forbestechcouncil/2018/01/24/popular-trends-ready-to-disrupt-the-tech-industry-in-2018/#1ac3fec46ce1

126
5 Technology Trends That Will Make Or Break Many Careers In 2018


1. Data is everywhere, and growing at an ever-increasing rate


We are creating an unprecedented amount of data as we live our lives. From social media to the digital footprint we leave as we use services like Netflix or Fitbit or connected systems at work. Every second, 900,000 people hit Facebook, 452,000 of us post to Twitter, and 3.5 million of us search for something on Google.

This is happening so rapidly that the amount of data which exists is doubling every two years, and this growth (and the opportunities it provides) is what we call Big Data.

The sheer value of this data means an industry as well as an enthusiastic, non-commercially driven community has grown around Big Data. Whereas just a few years ago only giant corporations would have the resources and expertise to make use of data at this scale, a movement towards “as-a-service” platforms has reduced the need for big spending on infrastructure. This explosion in data is what has made many of today’s other trends possible, and learning to tap into the insights will increase anyone’s prospects in just about any field.

2. Smart things

In what now seems like the “olden days”, only computers could connect to the internet. Maybe, if they were very advanced, some phones could to. Today you can buy lightbulbs, refrigerators, cars, watches, kettles, thermostats and many other “smart”, and therefore connected, objects. In industry, machines are increasingly being built to communicate with each other with less need for human input, in order to more efficiently carry out tasks. Collectively this trend is known as “Internet of Things”, because it isn’t just an internet of computers and phones any more!

Intel forecasts that by 2020 there will be 200 billion devices connected to the internet. Data from these devices can help us to make better decisions about our lives (such as monitoring our exercise habits with Fitbit) as well as in business. There are huge opportunities out there for those who are able to develop products and services based around this data, and potential here is really only limited by imagination.

3. Artificial Intelligence will rule our lives

Not literally as in take over the world (yet). But they will certainly have our attention. The field of cognitive computing revolves around machines which are capable of “thinking” in a similar way humans do – particularly when it comes to learning. Of course, being computers they have certain advantages – in other words, teach them to learn, and they will do so at an incredibly fast rate, with a greater degree of accuracy than any human would be capable of. The result is that they will inevitably become more knowledgeable, capable and able to match solutions (data) to problems.

Today’s artificial intelligence systems are either specialized (designed for one task) or generalized (designed to adapt to any task) – though true generalized AI is still a distant goal. They use methods such as computer vision to enable machines to “see” – recognizing objects visually and classifying them accordingly, or natural language processing to communicate with us in a human-like way.

As with Big Data (and remember it’s the amount of data they have access to which is bringing machines close to what we think of as “intelligent”), AI can seem a daunting prospect. Have no fear, though – again, thanks to the explosion of open source and “as-a-service” options, today it is a viable prospect for organizations of all sizes. Skills and expertise in this area are sure to be in high demand in 2018.

4. Talking to machines is becoming second nature

The way we interact with machines has evolved from operating levers and valves, to control panels, keyboards and touchscreen interfaces. Thanks (again) to the amount of data we have, we are now at a point where voice controlling machines feels natural and is often the most intuitive option we have.

It’s been predicted that by 2020 half of online searches will be carried out by voice – and 30% of them will be made using devices which have no screen at all. This year, BMW will roll out new cars with Alexa pre-installed, just as Ford has done.

In business we will become increasingly used to using AI assistants to manage day-to-day schedules and put information in front of us when we need it. Going beyond that, there are opportunities to drive sales well as move to a more data-driven customer experience model, through the use of chatbots and natural language-capable marketing tools.

5. Blockchain will transform the way we record and access certain types of data

Blockchain – the distributed, encrypted and public ledger behind virtual currency Bitcoin – has uses beyond making early adopters in virtual currencies filthy stinking rich. Experts say that it represents a leap forward in information storage and security.

A blockchain is really just a digital file in which blocks of information are linked together (“chained”) and secured using private key cryptography, ensuring only those with appropriate permission can edit the sections of the data they are entitled to.

Because copies of the file are stored on multiple computer systems (distributed) and kept synchronized through the consensus of the network, they potentially enable innovative solutions to problems involving tracking and ledgering transactions in a digital world.

Source: https://www.forbes.com/sites/bernardmarr/2018/01/15/5-technology-trends-that-will-make-or-break-many-careers-in-2018/2/#b2743766b9bc

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7 Technology Trends That Will Dominate 2018

1. AI permeation. Artificial intelligence (AI), largely manifesting through machine learning algorithms, isn’t just getting better. It isn’t just getting more funding. It’s being incorporated into a more diverse range of applications. Rather than focusing on one goal, like mastering a game or communicating with humans, AI is starting to make an appearance in almost every new platform, app, or device, and that trend is only going to accelerate in 2018. We’re not at techno-pocalypse levels (and AI may never be sophisticated enough for us to reach that point), but by the end of 2018, AI will become even more of a mainstay in all forms of technology.

2. Digital centralization. Over the past decade, we’ve seen the debut of many different types of devices, including smartphones, tablets, smart TVs, and dozens of other “smart” appliances. We’ve also come to rely on lots of individual apps in our daily lives, including those for navigation to even changing the temperature of our house. Consumers are craving centralization; a convenient way to manage everything from as few devices and central locations as possible. Smart speakers are a good step in the right direction, but 2018 may influence the rise of something even better.

3. 5G preparation.
Though tech timelines rarely play out the way we think, it’s possible that we could have a 5G network in place—with 5G phones—by the end of 2019. 5G internet has the potential to be almost 10 times faster than 4G, making it even better than most home internet services. Accordingly, it has the potential to revolutionize how consumers use internet and how developers think about apps and streaming content. 2018, then, is going to be a year of massive preparation for engineers, developers, and consumers, as they gear up for a new generation of internet.

4. Data overload. By now, every company in the world has realized the awesome power and commoditization of consumer data, and in 2018, data collection is going to become an even higher priority. With consumers talking to smart speakers throughout their day, and relying on digital devices for most of their daily tasks, companies will soon have access to—and start using—practically unlimited amounts of personal data. This has many implications, including reduced privacy, more personalized ads, and possibly more positive outcomes, such as better predictive algorithms in healthcare.

5. White collar automation. Is your job likely to be replaced by a machine? How certain are you of that answer? AI has been advancing enough to replace at least some white collar jobs for years; even back in 2013, we had algorithms that could write basic news articles, given sufficient inputs of data. Is 2018 going to be the year all humans are finally replaced by their new robot overlords? Almost certainly not, but I do think we’ll see the fledgling beginnings of radical job transformations throughout the United States. I think it’s naïve to think that jobs will be fully replaced, but they will be more heavily automated, and we’ll have to adapt our careers accordingly.

6. Seamless conversation. A few years ago, voice search was decent, but unreliable. Today, voice search might as well be flawless; Microsoft’s latest test gives its voice recognition software a 5.1 percent error rate, making it better at recognizing speech than human transcribers. Similarly, robotic speech and chatbots are growing more sophisticated. In 2018, with these improvement cycles continuing, I imagine we’ll see the manifestation or solidification of seamless conversation. We’ll be able to communicate with our devices, both ways, without any major hiccups or mistakes.

7. UI overhauls. I also think 2018 is going to be a major year for UI; we’re going to have to rethink how we interact with our apps and devices. The onset of smart speakers and better voice search has made it so it’s no longer necessary to look at a screen to input data. Desktop devices are becoming less and less used as well, with mobile continuing to take over. New types of visuals and more audible clues will likely be included in next-generation UI, and consumers will adapt to them quickly, so long as they serve their core needs.

Source: https://www.forbes.com/sites/jaysondemers/2017/12/30/7-technology-trends-that-will-dominate-2018/2/#243c236871e7

128
Art, Design and Lifestyle / Top 18 Tech Trends At CES 2018
« on: March 17, 2018, 07:40:23 PM »
Top 18 Tech Trends At CES 2018

1. Convertible Tablets/Laptops. Simple tablets and laptops with finger touch technology are giving way to more convertible devices with robust capabilities and more traditional interfaces. An example is the Lenova X1 Yoga, a convertible with a keyboard that folds behind the device (not detaches) when it operates in tablet mode and unfolds when users want the experience of the keyboard. The bottom line here? Convertibles offer a higher degree of functionality than tablets alone, so look for that tech to continue to boom this year.

2. Smart Home Devices. When you think of the smart home device market, you probably think of Amazon’s Alexa—and for good reason. In 2018, though, look for the competition to increase, especially from products that can connect to the big three—Amazon Echo, Google Home, and Apple HomeKit .

3. Augmented Reality. I’ve long agreed that augmented reality would outpace virtual reality, and this year’s CES reinforced that for me. Don’t get me wrong—VR is still growing, and I’ll touch on that in a minute. For now, though, know that AR is likely to explode this year, providing experiences that immerse users while keeping them connected—many of which will be available on mobile, another plus.

4. Companion Robots. In 2018, robots won’t just be for housework—they can also provide entertainment and companionship. Somnox, for example, created a companion robot to help you fall and stay asleep. Honda made waves at the convention, too, showcasing robotic concepts that hinge on AI assisting humans, some of which even show compassion through facial expressions.

5. Chip Wars. The laptop chip war is gathering steam, as we’re seeing combo chips that combine high computing power, longer battery life, more memory, and major graphics capabilities. To that last point, Intel, in fact, released a new chip that incorporates AMD graphics, a move sure to make gamers happy (and competitor Nvidia raise an eyebrow, according to the WSJ).

6. Artificial Intelligence
—in Everything. AI, unsurprisingly, was everywhere at CES, and many trends on this list fall into that vein. This will be the year of “smarter” everything—smarter products, smarter vehicles, smarter processes, smarter consumer goods, smarter tech solutions, and even smarter cities.
 
7. Health Sensors. Just like AI is rushing 2018, so is the IoT. That is especially evident in the healthcare industry. While there are certainly factors to consider when it comes to HIPAA compliance and personal data, the value of sensors to help people improve their health and well-being is undisputed. Sleep sensors were an especially hot item at this year’s conference, so keep your eyes on those.

8. 5G Technology. With blazing fast speeds and high computing power, 5G tech is poised to change the world—and I don’t say that lightly. Why? The IoT wouldn’t be where it is without the support and speed of 5G, which promise multigigabit download speeds. And that’s just the beginning.

9. Smarter Cars. Digital transformation touches the automotive industry, too. And no, I’m not just talking about self-driving cars—although those are worth discussing, too. This year, look for tech advances that improve the driving experience—everything from pricey add-on dashboard companions that include mobile app integration and internal/external cameras to less-expensive options that integrate Alexa into vehicles and allow users to quickly schedule, shop, and hear music upon command.

10. Facial Recognition. Facial recognition software is another tech that’s not new but is making great strides. This might be one of the only cool features on the iPhone X—and that helped push this more mainstream. Look for this and other biometric solutions to improve security in the coming year on everything from standard video systems to mobile device access.

11. Virtual Reality. Although not as hot as AR, VR is still a key trend to watch in 2018 as companies look to add more utility at a variety of price points. For example, you can snag Facebook’s new Oculus Go for only a couple hundred dollars, and other brands are competing at that price point, too.

12. Smart Cities. More municipalities are beginning to integrate sensor technology into infrastructure in ways that impact public health and safety. The implications here are huge. (Can you imagine, for example, not having to search for a parking space because you know where all the open spots are thanks to sensors?) As I’ve written about before—I believe smart cities will make us smarter, allowing us to be more efficient with our time and resources.

13. Connected Devices Everywhere. Thanks to the IoT and its sensor technology, connected devices are everywhere. I’ve discussed how the IoT will impact the supply chain, but let’s get more micro for a minute—ironic because, of course, sensors are pretty micro themselves. A key theme from CES is the expansion of sensors in both their numbers and their capabilities. Debuted at CES, for example, L’Oreal’s UV Sense is battery-less and sticks to your thumbnail, monitoring your level of exposure in the sun, among other variables. This is proof you can look for 2018 to usher in a new class of wearables.


14. Wireless Charging.
Power cords are like leashes for adults. We live in a digital world but are still often tethered by charging cords—for now, anyway. Wireless charging is on the horizon, with brands like Powercast and Energous unveiling chargers that send power to multiple devices over the air.

15.LED TVs. No, LED TV’s aren’t new, but what about micro LEDs? In these devices, LEDs are tiny—thinner, in fact, than a strand of human hair. They also produce their own light, an important factor when it comes to contrast. A bonus? They consume less power, too.
 
16. 3D Printers for More than Just Plastic.
Advancements in 3D printers mean big things for many industries, changing the way we ideate, engineer, develop, and manufacture. Printers themselves are now available in space and cost-saving models, bringing a level of accessibility to enterprises large and small. In the past, though, there was one key limitation: Plastic was the main material most printers could work with. A new solution from Desktop Metal makes printing with—you guessed it, metal—possible. What’s next? The winner of an CES emerging tech award from Digital Trends, this is definitely an area worth watching.

17. Boosted Performance Analysis in Sports Tech. This year’s CES featured a major sports tech theme. For example, ESPN is now using video in their first down markers, AI is being integrated into drone races to boost performance, and golf clubs are now equipped with a technology that helps improve your swing—and much more!

18. Drones always make an appearance at CES. Why? They’re feature-packed crowd pleasers and can be pack a ton of functionality into an increasingly small gadget. For example, the Oori drone is a palm-sized racing model built for speed but user-friendly enough for recreational flying. If there’s a lesson to be learned here, it’s that UX always wins—something you should keep in mind every year, not just in 2018.

Source:https://www.forbes.com/sites/danielnewman/2018/01/16/top-18-tech-trends-at-ces-2018/#2bc5ade9452f

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The Advantages and Disadvantages of Friends & Family Funding


A startup typically goes through several rounds of funding from different investment sources as it expands. One of those sources is the “friends and family” round – one of the most common sources of early funding for entrepreneurs. In fact, most professional investors will expect that you have raised some funds this way in your early stage, according to Entrepreneur Magazine’s Martin Zwilling.

When I was planning to launch my business, USI, I took a long, hard look at the advantages and disadvantages of doing a friends and family round of financing.

Advantages of Friends and Family

    Your friends and family already know you very well – and you know them
    They will listen to your pitch because they care about you
    They are inclined to say, “Yes.”
    They can give you the time to build your business on your own schedule
    They will let you develop your vision into something others will recognize and value
    You will be set up to hit major milestones and raise the next round of funding from professionals at higher valuations.

Disadvantages of Friends and Family

    Your friends and family may know you too well
    They may not be able to add value because they may not understand your business
    They may not appreciate your entrepreneurial drive
    You will feel highly responsible for any losses they may incur
    You may put the people you love best at risk, if they are giving you a significant portion of your savings
    You may damage close relationships.

Source: http://thepurposeisprofit.com/2015/04/29/the-advantages-and-disadvantages-of-friends-family-funding/

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The Unexpected Challenges Of Raising Money From Friends And Family


When first discussing our idea for a startup that would solve a problem we personally experienced in commercial real estate leasing, we didn’t realize how challenging the first round of funding would be. Initially, we assumed we could raise funding from seasoned angels and institutional investors from the very start. However, we quickly learned that unless you’re a seasoned entrepreneur, it is nearly impossible to get investors to fund a startup that’s still in its idea phase. Like many first-time founders, we turned to friends and family for our initial investment.

After we solidified our idea and drafted a basic pitch deck for our new venture, we began testing the waters to gauge interest among our friends and family. We were passionate about our idea so it wasn’t difficult gaining their moral support. Many of them were genuinely happy for us and seemed excited to see how our idea would evolve, yet things only got tougher from there. We didn’t realize how challenging it would be to raise money from those closest to us.

Managing Relationships


While sharing our idea and enthusiasm with the people we cared about most was great, we still needed an investment without burning our personal relationships in the process. As entrepreneurs, we wanted to exude optimism, but the reality was, we could not assure our friends and family we would be able to deliver on our mission and on their potential investment. It was very important for us to communicate this during our first conversation.

We knew that managing our relationships with friends and family would prove difficult if we pitched everyone we knew. In every circle, each person has his/her own risk tolerance. Financial situations can vary greatly, and when it comes to investing, it doesn’t necessarily matter how close you are with the person. Someone with a new mortgage expecting their second child may not be in the best position to take these sorts of financial risks, even if they are your best friend or closest relative.

It was difficult having to classify our friends and family in this manner but by taking a case-by-case approach, we were able to better manage our relationships and proceed along the fundraising path. In life and in business, relationships are what matter most  – so don’t jeopardize them blindly chasing after the money.

Asking the Million Dollar Question

After testing the waters and presenting our idea, we asked our friends and families if they would be willing to invest in our concept. We walked them through a basic pitch deck and did our best to convey the market opportunity and our passion and willingness to work hard to build out this business.

But this approach on its own didn’t always work. Some people wanted to see a detailed business plan with financial projections, including the go-to-market plan, growth strategies and cost structures. They wanted to truly understand the business, and rightfully so.

Just because you personally know your potential investors doesn’t mean you should approach them any differently than you would approach an institutional investor. Like us, you should provide all the information necessary for the potential investor to make a smart and informed decision. Even with close family and friends, sometimes the old saying “it’s not personal, it’s business” still applies.

Providing Transparency

Transparency is critical to any great relationship, especially when it comes to business partners, investors and customers, and it’s  twice as crucial when considering an investment from friends and family. From the beginning, we made sure to be completely transparent about the risks involved in investing in something as illiquid as a startup.

We shared as much information as we had at our disposal, including not only revenue projections and the growth opportunity but also the various performance milestones we needed to hit and the associated challenges/risks of each step. We then laid out exactly how we would be spending the initial investment to help achieve our first milestones. Including this level of transparency helped us demonstrate our understanding of the business and our ability. Ultimately, it helped us gain the confidence of our friends and family as business professionals. 

Our experience raising money from friends and family was a lot harder than we had imagined, but we were very fortunate that quite a few people were interested, even after we laid out the risks and the long payback period. It was a difficult process at first but we quickly learned from our mistakes and were able to raise our first $300,000 to help jumpstart our business.

Source: https://www.forbes.com/sites/leewasserstrum/2016/05/24/the-unexpected-challenges-of-raising-money-from-friends-and-family/#84f5a73519b0

131
Friends and Family / Friends/Family Financing
« on: March 17, 2018, 06:59:25 PM »
Friends/Family Financing

Monies, usually in the form a loan, that a business owner gets from either family members or friends in order to help finance their startup or growing business .

The most common source of debt financing for start-ups often isn't a commercial lending institution, but family and friends. It makes sense. People with whom you have close relationships know you are reliable and competent, so there should be no problem in asking for a loan, right? Keep in mind, however, that asking for financial help isn't the same as borrowing the car. While borrowing money from family and friends may seem an easy alternative to dealing with bankers, it can actually be a much more delicate situation and it's important to be as disciplined as you would be in dealing with a professional investor. Here are some basic rules:

Treat them as if they were strangers. Forget for the moment that your investor is a friend or family member. Make it an "arm's length" transaction, and insist on the same sort of legal documentation you would prepare if your investor was a total stranger. Why? Because too many entrepreneurs borrow money from family and friends on an informal basis. The terms of the loan have been verbalized but not written down in a contract.

Lending money can be tricky for people who can't view the transaction at arm's length; if they don't feel you're running your business correctly, they might step in and interfere with your operations. In some cases, you can't prevent this, even with a written contract, because many state laws guarantee voting rights to an individual who has invested money in a business. This can, and has, created a lot of hard feelings. Make sure to check with your attorney before accepting any loans from friends or family. So if it's a loan, have your lawyer prepare an I.O.U. (called a "promissory note") for the friend or family member, and don't offer less than a "commercial" interest rate.

Debt may actually be better than equity. If someone "lends" you money, you only have to pay it back, with interest. They can't tell you how to run your company. If someone buys stock in your business, they are legally your business partner. When in doubt, make it a loan, and pay it back as soon as you can.

Tie all payments to your cash flow. Try to avoid obligations with fixed repayment schedules. Consider instead "cash flow" obligations, in which your investor will receive a percentage of your operating cash flow (if any) until they either have been repaid in full with interest, or have achieved a specified percentage return on their investment.

Consider nonvoting stock.
If your friend or family member insists on buying stock in your company, try to make it nonvoting stock, so they don't have the right to second-guess your every management decision.

Source: https://www.entrepreneur.com/encyclopedia/friends-family-financing

132
The Ins and Outs of Raising Money From Friends and Family

What it is: It is one of the most common forms of startup funding out there. Banks and independent investors might not want to risk money on you. But those who are close to you and believe in you might be willing to take a chance on your fledgling business.

Upside: This is your best chance to secure money to get the business off the ground. If your friends and relatives don't want to give you money, who will? If one or a few of them has business savvy, better yet. Bringing them on as investors transforms them into motivated advisors. Plus, they will likely be more forgiving than outside investors when it comes to your business' ups and downs.

Raising money from your personal network can also be a step toward securing money from future investors, because it demonstrates that you are grounded in a network of family and acquaintances who have already bought into the business plan.

Downside: You risk lost friends and strained relationships with relatives. Your next holiday party won't be as fun if half the people there think you fleeced them on a failed business venture, or are annoyed because you went on vacation before paying their money back.

That is why it is best not to get too informal about the business relationship. Be upfront about risks, lay out the business plan that the money will fund, and put the rules behind the investment in writing.

How it works: It could be a gift, a loan or an equity investment in the business. Each have pluses and minuses, and each should be recorded in writing, in many cases a legal document.

Gifts: The great thing about a gift is that you don't have to pay it back. But you probably won't raise as much as you would if you were offering a potential return on the money. Also, gifts can quickly turn into loans in the minds of friends and relatives should you succeed. A signed document, even a letter saying the money was given, will protect you down the road.

Loans: Many experts suggest loans as the optimal way for friends and family to invest because there are set repayment terms. They will know how long it will take for them to get their money back and at what interest. (If you are current with repayments, you also can avoid drawing their ire should you spend money on yourself.) A business attorney can easily draw up a "promissory note" detailing the terms of the loan. An SBA Community entry suggests another strategy to formalize the relationship: structuring the loan through a peer-to-peer (P2P) lending company that will act as an intermediary, collecting the payments from you for a fee.

The downside of borrowing is that you are tying up some of your business' cash flow in the repayments.

Equity: You don't have to pay them until you make a profit or cash out, but you are literally turning a friend or a relative into a business partner if you give them an ownership stake in the company. You will want a business lawyer involved in this.

Consider if you want this person as a business partner? He or she will have a right to tell you how to run the venture. This can be highly beneficial if your acquaintance/investor has entrepreneurial experience or other useful know-how. But it can quickly become an annoyance otherwise. You also risk straining the relationship should you move on to another venture.

How to get it: It is always advisable to present a formal business plan when pitching to prospective investors -- even friends and relatives. But unlike in other cases, you don’t need to present printed materials and charts up front. Rather, it is best to lay out your business plans verbally, because those in your personal network will likely base their decision on trust.

The "kitchen table pitch" is really about selling yourself. Be frank about the risks, and explain what the money will go toward and how it will grow the business. Then follow up with written materials later.

It also helps to follow a basic Startup 101 rule, and tap your own personal finances first before turning to others. Not only do you show that you have a great deal of skin in the game, but you will also have an easier pitch to make because you will have at least a kernel of a business going.

Also, be prepared for some tough love. Especially if it is a friend or relative who knows something about starting or running a business, their point of view many be just what you need.

Source: https://www.entrepreneur.com/article/228103

133
8 Best Practices to Seek Funding From Friends, Family and Fools


This is confirmation that the right people are always more important than the right product. Here are some key ways that you can be viewed as the right people, whether seeking an investment from friends and family, fools or even later from professional investors:

1. Ask for a specific amount to meet a specific milestone.

Shy introverts may be great technologists, but they won’t be entrepreneurs until they learn to nurture relationships with friends and family, practice their elevator pitch and respectfully ask for funding. Waiting for someone to give you a gift with no specific objective is likely to be a long wait.

2. Offer a formal agreement as well as a handshake.

The vehicle of choice is most often a convertible note, which is really a loan with a specified duration and interest, with an option to convert it to equity when professional investors come in later. Hire an attorney to make sure the terms are fair. This shows respect and professionalism.

3. Let people see your own investment and commitment.


Friends and family are quick to differentiate between a passionate hobby and a sincere effort to change the world. Show them that you have done your homework with industry experts and potential customers, and convince them you are not asking for charity or a donation.

4. Build a prototype first on your own time and money.

We all know people who are good at talking, but never seem to risk anything or find time to get started on the implementation. Every good entrepreneur needs to invest skin in the game, to show credibility and leadership to others. Investors want to be followers, not the leaders.

5. Don’t ask for more than your friends or family can afford to lose.

In other words, don’t be greedy, and remember that you have to live with these people even if your startup fails. Ask for the minimum amount you need to reach a significant milestone, with some buffer for the unknown, rather than the maximum amount you can possibly foresee.

6. Communicate the plan and the risks up front.


Remember that no investment is a gift, and everyone who buys in deserves to hear what you plan to do with their investment, and expects regular updates from you along the way. Be honest with naïve friends and trusting family members, since more than 70 percent of startups fail in the first five years.

7. Focus on well-connected friends with relevant business experience.


A wealthy uncle may seem like an easy mark, but a less wealthy friend who has connections and experience with startups in your domain can likely help you more than any amount of money. Remember that you are looking for success, not just money to spend.

8. Tie re-payments to revenue growth in the startup.

Rather than set a fixed repayment schedule, tie investment payoffs to a percentage of new product revenue, or a plan to convert the debt to equity. Use the minimum viable product concept to get revenue early, and allow market and product pivots at minimal cost.

In any case, avoid the urge to think of friends and family as a last funding resort, when they should always be your first focus, and maybe the only one you will ever need. If you succeed, there is no joy like sharing the feeling and the money with people close to you.

But make sure you do it right, per the above recommendations, or you may be the biggest fool.

Source:https://www.entrepreneur.com/article/246404

134
Friends and Family / Startup Funding - The Friends and Family Round
« on: March 17, 2018, 06:49:07 PM »
Startup Funding - The Friends and Family Round

Most successful tech startups raise their first capital from friends and family investors. The startup funding sources are illustrated here.

Avoiding the Pitfalls


Friends and Family financings are always the easiest to complete - often taking less than two months from start to finish. Friends and Family rounds usually raise $25,000 to $150,000 in total – the amount depends a lot on who your friends and family are.

The only problem is that most people who invest in Friends and Family financings probably shouldn’t.

Well meaning, but inexperienced, entrepreneurs often treat their friends and family investors unfairly and cause considerable damage to their startup and future funding opportunities.

Over-valuation

The most common way entrepreneurs get into trouble and end up treating their friends and family unfairly is by over-valuation. This causes serious structural problems that must be rectified before the next round of financing. Some of the ways to avoid this common mistake, and to fix it if necessary, are described at this link on startup funding valuation.

Legal Requirements

All financings and share sales are governed by securities legislation. Entrepreneurs must know what the legal requirements are before accepting that first dollar of investment, even if it's from a family member.

Source:http://www.angelblog.net/Startup_Funding_the_Friends_and_Family_Round.html

135
Renewable Energy, forms and types of renewable energy

There are many forms of renewable energy . Most of these renewable energies depend in one way or another on sunlight. Wind and hydroelectric power are the direct result of differential heating of the Earth's surface which leads to air moving about (wind) and precipitation forming as the air is lifted. Solar energy is the direct conversion of sunlight using panels or collectors. Biomass energy is stored sunlight contained in plants. Other renewable energies that do not depend on sunlight are geothermal energy, which is a result of radioactive decay in the crust combined with the original heat of accreting the Earth, and tidal energy, which is a conversion of gravitational energy.

Solar.
This form of energy relies on the nuclear fusion power from the core of the Sun. This energy can be collected and converted in a few different ways. The range is from solar water heating with solar collectors or attic cooling with solar attic fans for domestic use to the complex technologies of direct conversion of sunlight to electrical energy using mirrors and boilers or photovoltaic cells. Unfortunately these are currently insufficient to fully power our modern society.

Wind Power.
The movement of the atmosphere is driven by differences of temperature at the Earth's surface due to varying temperatures of the Earth's surface when lit by sunlight. Wind energy can be used to pump water or generate electricity, but requires extensive areal coverage to produce significant amounts of energy.
 
Hydroelectric energy. This form uses the gravitational potential of elevated water that was lifted from the oceans by sunlight. It is not strictly speaking renewable since all reservoirs eventually fill up and require very expensive excavation to become useful again. At this time, most of the available locations for hydroelectric dams are already used in the developed world.

Biomass is the term for energy from plants. Energy in this form is very commonly used throughout the world. Unfortunately the most popular is the burning of trees for cooking and warmth. This process releases copious amounts of carbon dioxide gases into the atmosphere and is a major contributor to unhealthy air in many areas. Some of the more modern forms of biomass energy are methane generation and production of alcohol for automobile fuel and fueling electric power plants.

Hydrogen and fuel cells. These are also not strictly renewable energy resources but are very abundant in availability and are very low in pollution when utilized. Hydrogen can be burned as a fuel, typically in a vehicle, with only water as the combustion product. This clean burning fuel can mean a significant reduction of pollution in cities. Or the hydrogen can be used in fuel cells, which are similar to batteries, to power an electric motor. In either case significant production of hydrogen requires abundant power. Due to the need for energy to produce the initial hydrogen gas, the result is the relocation of pollution from the cities to the power plants. There are several promising methods to produce hydrogen, such as solar power, that may alter this picture drastically.

Geothermal power. Energy left over from the original accretion of the planet and augmented by heat from radioactive decay seeps out slowly everywhere, everyday. In certain areas the geothermal gradient (increase in temperature with depth) is high enough to exploit to generate electricity. This possibility is limited to a few locations on Earth and many technical problems exist that limit its utility. Another form of geothermal energy is Earth energy, a result of the heat storage in the Earth's surface. Soil everywhere tends to stay at a relatively constant temperature, the yearly average, and can be used with heat pumps to heat a building in winter and cool a building in summer. This form of energy can lessen the need for other power to maintain comfortable temperatures in buildings, but cannot be used to produce electricity.

Other forms of energy. Energy from tides, the oceans and hot hydrogen fusion are other forms that can be used to generate electricity. Each of these is discussed in some detail with the final result being that each suffers from one or another significant drawback and cannot be relied upon at this time to solve the upcoming energy crunch.

Source: http://www.altenergy.org/renewables/renewables.html

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