Business-Funded Technology is on the Rise

In the past, the majority of major technological steps forward were being made by forward-thinking individuals working in private settings. Only once the technology became main stream were major corporations being founded around the advances. Today, businesses and large corporations are recognizing just what they stand to gain by funding technology breakthroughs rather than competing with them once they have a market presence. As a result of this shift in thinking, technology that is being specifically funded by business interests is seeing a steep rise. The latest estimates indicate that business-funded technology will reach a record-high $330 billion by the year 2017. The report that was released by the IDC is spelling out figures that will account for 55 percent of all spending that is directly related to technology.

The study collected its data by examining 15 vertical industries and 12 separate buying segments of the industries under consideration. In terms of the portion of business that will constitute the largest area of spending, industry-specific operations are taking the largest portion of the pie. Marketing is the functional area of these businesses that is growing at the most rapid rates. By 2017, the spending that goes specifically towards marketing technology is expected to reach $26 billion. The communications and media industry are making big pushes to soak up business funding as time moves forward. Over the length of the forecast period, retail is also expected to show considerable vertical gains, growing at 11.2 percent over five years.

The lightning pace at which technology is growing is associated with business models that the IDC is labeling as the “four pillars.” These foundations for businesses of the future will include analytics, mobile, social, and cloud abilities. In the past, many analyst expected that enterprise IT would be growing at a much more rapid pace. However, this sector is set to expand at a mere 1.8 percent over the five-year period ahead. The only enterprise IT sector predicted to be growing faster than total technology pending in other areas is that which is associated with the healthcare industry.

This study has also specifically quantified spending for individual businesses based on practices such as accounting, finance and billing, customer service, engineering, and human resources. Additional practices that came under consideration during the course of the study included architecture and research, sales, security, and chain of supply. The study also reveals a shift in buying power for most businesses. Buying power that once resided primarily with Chief Intelligence Officers is now being shifted to chief Marketing Officers instead.

A Word about 3D Printers

3D printing, also known as Additive Printing involves making just about any three-dimensional object out of a digital model (i.e. a computer model that has the ability to photographically replicate any object down to every last precise detail). In the process, sequential layers of the object are carefully placed in various shapes. In some ways, it is similar to creating a sculpture or a 3D art piece in that it involves cutting away the excess and unnecessary pieces.

When you say the word printer to the average person, the first thing they think of is the box shaped machine that prints words, pictures, etc. on command the way they are in the document exactly. Not so with the 3D printer. A 3D printer is still under the command of a computer but another name for it is actually the industrial robot and it is mainly a robot arm. That arm is capable of welding, painting, putting things together, inspection and testing all in one. It accomplishes this at incredible paces, persistence and accuracy.

The four most commonly used robots:
-Articulated: is the one with all the revolving joints, usually has anywhere from a total of two to 10 joints.
-SCARA: acronym stands for Selective Compliance Articulated-or Assembly-Robot Arm. It is known for its equivalent- alignment joint arrangement. This comes in handy for many tasks, including screwing a pin into a round hole without sealing in the pin. It also has a jointed two-link arm layout, which allows for a broad reach
-Delta robot: is basically three arms connected to a platform, it especially comes in handy for pouring substances into objects in assembly lines or drawing out diagrams, blueprints, etc.
-Cartesian Coordinate: moves in a straight line but axes are at right angles to each other. The three sliding joints are capable of moving up, back, forth, in and out. The large ones with the horizontal supports at the end are also known as Gantry robots.

Some repeat the same action over and over while others are more flexible and can move in varying degrees. Increasingly, 3D printers are becoming just one of the objects that are a part of the almost-miraculous man-made phenomenon called artificial intelligence.

Are Computers Replacing Employees?

The trend has started and no one knows where it will end. Employees are being replaced with machines in virtually every sector and industry. The jobs that are being lost are disappearing in droves and it is happening all over the globe.

Even though corporate giants are telling everyone that these are short-term adjustments, this global direction is speeding ahead along the same trends. In a world that has unprecedented material abundance, 2 million jobs are still be lost on annual basis. As these jobs appear to be lost forever, there is still a need for low paying jobs so people will end up in underemployment statuses.

As the innovations in an industrialized world become more advanced, cheap labor seems to be the main theme of the day. Therefore, for small and large companies that want to remain relevant as well as competitive, they are always striving to trim the fat in their organizations by promoting cost efficiency, quality control, and speed of delivery to reduce headcount. While the numbers that have been reported are already staggering to even imagine, recent surveys are only reflecting five percent of the corporations implementing the innovations in their cultures. Which means, the transition that is left to come will also have a major impact of wiping out significant amounts of employee job positions.

According to the prospects for the future, there will be no more farmers, no more factory workers and no more service workers in the future. As the impact of automation aggressively rolls over these and other jobs, it’s not stopping even when it comes to eliminating white collar workers. As the machines that are being developed are being designed to be ‘thinking machines,’ the hope for these types of jobs (i.e. analysts, specialists, management) are also looking bleak. So, people who want to be prepared for the future will need to know where the trends are going before everyone arrives there.

Are computers replacing employees? The answer to this question is distinct. As people begin to look around in their local cities and abroad, there are employees all over the world being let go. The projections for the future are also dim. So, the answer to this question is yes since there will be millions more that will be lost. From losing employees in factories to whole farms shutting down their operations, there appears to be no stability for anyone.

The Future of Big Data

Big Data, to put it simply, is the enormous amount of information, created and collected from various sources. Daily, Exabyte’s of information is created and this information collected. In turn, it is analyzed to develop secondary data on trends, marketing projections, and other useful analytics for companies and clients. The question becomes. What is the future for Big Data?

Currently, the prediction for Big Data is a whopping, 16.8 billion dollar marketplace by 2014. This is mainly comprised of marketing research and development companies and in house data collections of major companies. Yahoo, Facebook and Google are just a few of the companies that utilize metrics and trends developed from Big Data. At first glance, it seems obvious that companies in the service sector would be interested in taking advantage of Big Data. Still, Big Data is not confined to the service sphere.

Government has also taken a more direct approach to using Big Data. While information gathering by the NSA has grabbed headlines, the benevolent utilization of Big Data by the government has been largely overlooked. President Obama, has instituted a development and research program for the consumption of Big Data. The purpose of which is to develop solutions to governmental problems.

Besides the government and the corporate service sphere, other companies that typically shunned information derived trends, are starting to take notice. Manufacturing, research, production application corporations are all beginning to access the trove of information presented by Big Data. This directly translates into a greater need for more complex algorithms and more individuals, who have training in dealing with Big Data. Current hiring trends and the increasing number of university data services classes, suggest that companies need to attract more and more analytic versed talent.

Future potential for the exploration of Big Data is also being developed. Deriving informational trends and application in medicine are being created and used to enhance current and future medical technology. Technology sectors are researching and applying new database techniques that will allow for even more information mining. Results have included faster development of technological advancements.

The future of Big Data is almost limitless. More companies are taking advantage of the information available as a result of Big Data, translating into better technology, better research and better opportunities for all.

Decline in Samsung Smartphones Sales

Smartphones are the latest trend in handheld devices these days. Blackberry could be considered to be one of the pioneer smartphones. There was a time that every busy executives and business owners depended on this device for the day to day navigation of their corporate lives. But since then improved and better high end phones have been introduced. A few companies have been lucky to have an upper hand in the control of the market for these devices.

Samsung is one of such companies and it’s been reported to have been dominating the market holding about 31% of the market share, reporting yearly increase of 0.8% since its inception in the smartphone business. With everyone taking an interest in owning at least a smartphone these days, it is not difficult to understand why Samsung will be taking the lead in the market. People know what features they want in their devices and so far Samsung has been able to meet these needs.

Samsung’s latest Galaxy S5 is said to be marred by a temporary ban on mobile carriers selling the devices in South Korea. It has also been off to a weak start in terms of sales and of recent the company has been reporting a decline in sales. It estimated that its operating profit for the period between January and March fell by 4.3%. They are reported to expect to post a profit of about 8.4 trillion win or $8 billion within the same period which would be significantly lower than the 8.8 trillion they won a year earlier.

The decline they have been experiencing has been attributed to the fact that their buyers are not inclined to want to upgrade or replace the devices they have so quickly especially if they meet all what they want and were also expensive in the first place. The other reason is that some low cost manufacturers are starting to make the same types of devices if not better at cheaper prices. Realistically the market is also getting saturated for these devices because there is so many of them an individual can own.

With all that said, there is the hope of Samsung being able to bounce back to regain its previous top spot with them taking certain measures to attract more buyers. Some of these measures could be reducing cost and also making products that appeal to a wider audience.