Exponential technologies tend to move at a slow pace then to a disruptively fast pace. We often don’t notice technologies in the deceptive growth phase, until they begin changing the way we live and do business. Driven by information technologies, products and services become digitized, dematerialized, demonetized and/or democratized and enter a phase of exponential growth. (Video)
Last week, the Pew Research Center reported that the murder rate was cut nearly in half from 7 per 100,000 in 1993 to 3.6 per 100,000 in 2013. Over the same period, overall gun deaths (including accidents and suicides) have fallen by one-third from 15.2 to 10.6 per 100,000.
Singularity University held its Exponential Medicine Conference last week in San Diego, a look at how technologists are redesigning and rebuilding today’s broken healthcare system.
24/7 Wall St. has identified 10 American brands that they predict will disappear, either through bankruptcies or because of mergers in 2016. Bankruptcies of large public companies in 2015 have already exceeded 2014 totals. Similarly, the total value of mergers and acquisitions is projected to hit a record high in 2015. While some of the companies on this list may disappear because they continue to be at the bottom of their industry, some may disappear because they are doing well.
Seven minutes is all it takes for financial-technology start-up Kabbage to approve a small-business loan. That’s almost 5,000 times faster than the 20 days it takes a typical bank. It’s no wonder that customers’ experiences with technology companies have not only altered their behavior but also raised their expectations about how interactions with all businesses should work. As a survey conducted by Ipsos and LinkedIn found, some 67 percent of affluent millennials are open to using non-financial-services brands.
It’s a seller’s market for programmers. Demand for programmers and software engineers is expected to grow by 22 percent over the next seven years, according to research conducted by IT staffing firm, Modis. The average salary for a software developer is around $96,000 and top earners approach $150,000 per year, according to the U.S. Labor Department.
NOTE: For those wanting to enter the programming profession, DaVinci Coders is currently accepting applications for the 2016 courses. Small class sizes so seating is limited.
We will continue to see double-digit growth in the number of Americans using wearable devices over the next several years, according to eMarketer’s first wearables forecast. In 2015, 39.5 million US adults 18 and over will use wearables, including smartwatches and fitness trackers. That’s a jump of 57.7% over 2014. While penetration among US adults is just 16.0% this year, eMarketer expects that to double by 2018, to 81.7 million users.
What if you could book a room at a hotel where you choose your actual room, when you first book the space. It would be similar to choosing a seat on an airline seating chart. The difference is that instead of choosing a window or an aisle, you choose high or low floors, close proximity to the elevators, your preferred bed configuration, and even your room category, depending on size and view: “Smart Street,” “Smart Garden” or “Smart Maisonette” (two-level suite). Welcome to the Hotel Schani in Vienna, Austria!
If you’re looking for a refreshing new coworking community to join, check out the futurist tech community at the DaVinci Institute in Westminster, CO.
Big data is on the fast track right now. The rapid ongoing developments are not showing any signs of slowing down in 2015, as seen by the following trends for the coming year:
One in 5 smartphone uses will mobile payments by 2016.
2016 will be a year of significant growth in technology. The number of people in the US using their phones to pay for goods and services at the point of sale will continue to climb steadily. According to the latest proximity mobile payments forecast from eMarketer, the total value of mobile payment transactions in the US will grow 210% in 2016, according to the latest proximity mobile payments forecast from eMarketer.