Deep learning is a type of machine learning that leverages multi-layered neural networks that are capable of transforming high-dimensional inputs into an output. Preferred Networks (PFN) a Tokyo-based start-up has been increasingly exploring the concepts of AI in order to reshape IoT ever since they moved on from being a search engine to a deep learning-based company in 2014, The founders of PFN started as a Japanese search engine in the early 2000s and later on as deep learning sectors boomed they readily cashed in their opportunity to integrate IoT and the robust manufacturing sectors of Japan.PFN has a wide range of services that they cater ranging from medical diagnostics to self-driving cars. But their early partnership with Fanuc a large Japanese robotics firm led to one of the biggest breakthroughs of the company in the field of bin picking. Although it is a low-skilled, tedious yet necessary task for the manufacturing sector, machine learning has made it possible to automate these tasks using robotic arms.PFN developed a vision-based solution enabling bin-picking bots to learn quickly from each fumbled attempt and achieved a 90% success rate after 8 hours of work. Recently PFN partnered with Toyota to develop Toyota’s Human Support Robot Platform that aims at making robots that are capable of carrying out mundane tasks autonomously. Read More>>
“We want our residents to see life from their doorstep, not stuck behind a windshield,” said Jeff Berens, who founded the San Francisco-based firm Culdesac alongside Ryan Johnson with $10 million in venture capital. The residential township in Tempe, which will be spread across 16 acres near Apache Boulevard and River Road, that is expected to open in 2020 will be the first apartment that will have no car parking for residents in the US. It will be opened to renters from Smith-Martin light-rail stop in fall 2020 and The $140 million worth project will have scooters, bicycles and some ride-sharing cars and also plans to offer residents of the 636 apartment’s deals on light rail, buses, and rides with Uber or Lyft in order to promote carpooling and usage of public transport in order to mitigate traffic. the developers believe that the Millenials will welcome this move as they are less careless and they are the generation that will choose to not own cars and would want to save on transportation costs. The Tempe city officials waived its parking requirements in order to accommodate the development project. The Review panel plans to vote on a zoning map amendment and development plan review for the first phase of the project in December. Read More>>
Entrepreneurs must perform certain calculations in order to evaluate their ideas against those characteristics, vision, and goals before proceeding further because every idea has different viability, validity, feasibility, capital requirement, and potential characteristics. Irrespective of the bussiness model whether it is on-demand, SaaS, e-commerce, the marketplace, subscription or others, the two most important key metrics in a startup are customer acquisition cost and customer lifetime value. Without a product, it is hard to obtain all the numbers necessary to perform calculations to validate the revenue model thus it is advisable to use figures from benchmark companies to understand the fixed costs, variable costs, how much it cost them to acquire the customers and a customers lifetime value. All these values help the founders to deduce the breakeven point after which the company will be profitable. This gives the founders an understanding of their big vision and helps them plan in advance without having much to lose. In conclusion, the objective is to estimate the viability and feasibility of the idea given your goals and resources. Better know this sooner than later in order to change execution strategy, market or idea.Read More>>
A study carried on 19.9 million scientific papers and 2.1 million patents generated over 5 decades shows that teams produce more work than individuals do and the teams are getting bigger over time, It was further observed that these teams produced work that was more often cited than the work of an individual. It is strange that the team have a combined level of intelligence known as collective intelligence which is not really the sum of all intellects on the team. A study on collective was carried out on various teams by involving the members in solving visual puzzles, brainstorming and other exercises. It was concluded that teams performed better when the members were more perceptive to their teammate’s feelings and opinions, It also suggests that with more women on the team the success rate improved because woman are more perceptive and when turns were given to all the members to speak out rather than being dominated, teams performed significantly better. Thus it becomes imperial that a manager assembles and handles his team in order to reap the benefits of all the individual talents. Read More>>
On November 11th 2019, A group of Investors took a trip to Lancaster, California in order to witness the major breakthrough that Heliogen the latest startup of Bill Gross the founder of Idealabs was unveiling. They are a company that aims to reduce the carbon emission involved in the manufacturing of cement, lime, coke, and steel which are some of the most energy-intensive and polluting industries currently. Heliogen’s indigenously developed solar concentration technology has the capability to attain high temperatures required for the manufacturing processes and they are on a quest to one day replace fossil fuel completely. The setup involves Four high-resolution cameras that capture real-time video of a field of mirrors that are controlled by sensors to focus the sun’s energy on a particular spot either at a transmission pipe used to transport gas, or a tower, is heated to over 1,000 degrees Celsius. The testing facility has 70 mirror panels that prove the technology will work. However, the real model will have mirrors spread across 2 acres and will also integrate with the current fossil fuel burners ensuring 24hr long working of the plant, but with almost 60% reduction in usage of fossil fuels. Read More>>
As an entrepreneur sometimes you are forced to work alongside people who are really difficult to handle although this could have been avoided if they are not the boss of the company. Often the challenging or difficult people are mistaken to the bad ones, The challenging ones are those passionate and committed ones who stand up against the crowd and voice out their opinion showing a certain level of abrasion occasionally. But on the contrary, the bad ones are those who hinder the growth of the company and also lower the morale of co-workers and serve no good to the company. Although it is difficult initially to distinguish between the two, it is the role of a good supervisor to weed out the bad ones and let the challenging one’s voice out more. Not only does this ensure everyone’s opinions are heard but also ensures that there is a new perspective to a given problem and also eliminates the error that might have occurred if the whole team was too harmonious and everyone considered going with the group’s view imperial over raising concerns. Read More>>
Living in a smart home neighbourhood is both convenient and sometimes creepy admit the residents of Black Diamond a suburb of Seattle, The younger generations of the family love using the technology to voice-control their home lighting, setting up reminders and also using it to call people and play videos on their display screens. However, the older ones feel really threatened by the surveillance features that accompany the smart home facility this is mainly because of the presence of cameras in most of the rooms and the exterior walls that track motion both inside and outside the house. automatic switches save data and doorways keep a log of people, this data can be stolen by someone in order to make a revenue out of it which posses a serious threat. Amazon has a tie-up with construction companies inorder to promote the use of their smart speakers and voice control devices, this also gives the construction agency a unique selling point over other builders in the locality. But is all this high tech stuff really worth what’s at stake? Read More>>
There is no defined path to be a successful Entrepreneur and no one has ever done it the same way twice. Every entrepreneur has to make his own tough decisions and set their priorities. But, there are certain things if unchecked leads to a definite failure no matter the hard work or clever strategies followed. The serial entrepreneur Sir Richard Branson who has succeeded in diverse fields shared his five-part formula for success irrespective of the business.
- Create something that is useful and would benefit society as a whole.
- Keep your brands pitch dead simple.
- Put yourself out there for the world to see and potentially laugh at.
- Adapt to social media marketting.
- Genuinely Believe and love what you do. Read More>>
The marketing skills are divided into 3 different segments namely product marketing, demand generation, and brand marketing. Each kind of marketer possesses critical skills that are imperial to the company. However, marketing hires frequently fail in a startup because they do not hire marketors with the right skill set at the right time, which leads to the question of who should be hired first? In the past decade hiring a product marketer at start has fetched consistent success to Startups, the reason behind that is the fact that by laying down a firm foundation for the company in terms of the target audience and what should be conveyed to the audience, further marketing is made more efficient by having campaigns that are well-directed and are more relatable. This paves way for the demand generators and brand marketors to reap benefits from the already existing framework of the company and the company to thrive better because they have a better understanding of their customers. Read More>>