Businesses are Moving Toward Being Technology Companies

Our Managing Partner, Mark Weber, kick-started last week with a conference call with the CEO of one of our clients.  The conversation focused on the topic of talent development (the #1 concern of mid-market CEOs who attended last month’s sixth annual mid-market CEO convention at the Wharton School at the University of Pennsylvania).  During the call, the CEO stated that in today’s world, ALL companies are tech companies.  Many organizations don’t understand this concept and continue to see technology as a separate entity from the rest of their businesses.  Greg Williams, the Deputy Editor of WIRED Magazine, recently published a blog post on the 5 reasons why businesses are moving toward being technology companies.  Read it here.


A Disruptive Force…Smart Technology

Smart technology is a disruptive force in the business world and promises to impact every industry – including knowledge-based industries like management consulting.  MIT Sloan Management Review published a great article last month that highlighted 5 rules that consulting companies should follow to remain relevant in the age of AI and other smart technologies.  Read it here.


Blockchain Disruptor

LinkedIn, the social network that currently boasts 560 million members, works hard to monetize all of those profiles with sales of data to third parties.  While the professional networking site continues to grow in size, there are many who believe the LinkedIn business model is ripe for disruption.  Omar Zaki, a Yale graduate and CEO of MYBS (pronounced “moe-bee-uh-s”) is one of those disruptors.  Learn how MYBS believes that blockchain is the key to disrupting LinkedIn’s business model here.


New LinkedIn Feature…QR Codes

As a holding of Microsoft, LinkedIn continues to evolve and add new features. Here’s something new to try at your next networking event. On June 28, LinkedIn added a QR code generator to help professionals swap details when they are not already connected on the social media platform.  LinkedIn suggests that the QR code can effectively become the replacement for the business card for people at in-person events.  Read the LinkedIn Blog to learn more. 


Biotechnology And Its Applications

Another core technology altering nearly every dimension of our lives as outlined in a recent MIT Sloan Management Review article is biotechnology. Biotechnology is really the combination of technology, chemistry, and life sciences.  At first glance, many business leaders may believe that biotechnology only impacts the health care field. The rapid advances in biotechnology, however, show enormous promise and have the potential to “both expand existing industry boundaries and create entirely new industries,” according to Dr. Albert H. Segars, author of the article and PNC Distinguished Professor of Strategy and Entrepreneurship and Faculty Director of the Center for Sustainable Enterprise at the University of North Carolina Kenan-Flagler Business School.

Biotechnology Applications

  • Industrial Processing – applications in product development, pollution control, bio-recycling, and hazardous waste.
  • Biometrics/Bio-identification – expanding the use of biomarkers as a gateway to information access and commerce.
  • Bioinformatics – analysis of large sets of data used in the Human Genome Project, Disney’s theme park design, and more.
  • Medical – advancements in the field of genomics, production of vaccines, antibiotics, gene therapy, and personalization of implantable devices.
  • Food & Agriculture – significant gains in the production of plants, improved quality of livestock, pest-resistance crops, nutrient supplementation, and manufactured power fibers.
  • Energy – alternative energy sources, production of biofuels from algae and other plant and waste sources.

Click here to read the entire MIT Sloan Management Review article.


Pervasive Computing 101

In a recent MIT Sloan Management Review article, Dr. Albert H. Segars from University of North Carolina Kenan-Flagler Business School outlined seven core technologies that are altering nearly every dimension of our lives and their implications for commerce, health care, learning, the environment and more.  According to Dr. Segars, pervasive computing is one of the core technologies that every business leader should become familiar with as the digital revolution rages on.

Pervasive computing, also called ubiquitous computing, is a concept where information, media, context, and processing power are delivered conveniently to us in all kinds of things. The Apple Watch’s ability to alert users of incoming phone calls and to allow users to complete calls through the watch, is an example of pervasive computing. The large network of connected microprocessors embedded in everyday objects allows access to information from virtually anywhere and at any time.

First pioneered in the late 1980s at the Olivetti Research Laboratory in Cambridge England, the development of the “Active Badge“, a small clip-on microcomputer employee ID card, enabled the company to track employee movement. This spurred articles by the The New York Times, ComputerWorld and other publications about George Orwell’s Big Brother prediction coming true.

Mark Weiser, considered to be the father of ubiquitous computing, soon began building early ubiquitous computing devices with his colleagues at Xerox PARC and popularized the term “pervasive computing” with the creation of IBM’s Pervasive Computing division.
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Today, pervasive computing generally involves wireless communications and networking technologies, mobile devices, embedded systems, wearables, wireless sensors, voice recognition, AI and more. According to a recent study report published by Market Research Future, the global market of pervasive computing technology is booming and expected to gain prominence. Technology advancements and the increased demand for Internet of Things (IoT) continue to drive the growth.
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Application of Pervasive Computing Technology:
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  • Communications
  • Logistics
  • Transportation (by air, land and sea)
  • Energy
  • Learning
  • Military
  • Banking/Finance
  • Production
  • Smart Homes
  • E-commerce
  • Security & Safety
  • Healthcare/Medical Technology
  • Media
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To learn more, read:
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100 Best Apps
Even before iPhones and Androids, the concept of mobile applications or mobile apps existed. The first smart phone with mobile app technology was actually developed by IBM in 1993 and was equipped with features like a calculator, world clock, calendar and contact book. In 2002 came the next major step in the advancement of mobile apps with the release of the BlackBerry Smartphone.
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When Steve Jobs revealed the first iPhone seven years later, he effectively proved he could disrupt and transform the market. Soon after that, Apple launched the App Store and officially introducing third-party app development and distribution to the platform in July of 2008. As of March 2017, there were 2.2 million available apps in the Apps Store.
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Not to be outdone by Apple, the first Android phone was launched in October 2008 with apps available through the Google Play Store, formerly known as Android Market. As of March 2017, Android users were able to choose between 2.8 million apps.
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So, what are the 100 best apps that can turn your phone into a jack-of-all-trades today?
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Learn more about the revolutionary mobile app development trends to look for in 2018 here.

Slack = Collaboration + Communication

Recently Croixstone Consulting joined Industrious Charlotte and our fellow coworking companies on a newly launched Slack Channel. We are enjoying the opportunity to build community through the enhanced communication the channel provides. Launched in 2014, Slack is the fastest growing business application in history, and the company boasts 9 million weekly active users and 50,000+ paying companies including 43 companies from the Fortune 100 list. Slack, a cloud-powered team collaboration and communication tool, is capable of bringing together team communication and giving everyone a shared workspace where conversations, decisions and work are organized and accessible. Additionally, Slack’s App Directory allows users to find apps and integrations including Dropbox, Google Docs, and Salesforce to name a few. You can even order Domino’s Pizza through Slack and book your next hotel room with an emoji on Slack.

  • Learn why Fast Company thinks Slack is one of the most innovative companies of 2017 here.
  • Find out why you should Slack it up for workplace collaboration and communication here.
  • Built on a game foundation, read more about why Slack can’t slow down here.