An opportune idea about big data can translate into substantial business gains. That’s what Oakland Athletics’ general manager Billy Beane believed in 2002 and turned its fortune around with the pioneering use of Sabermetrics. In 2006, former Australian coach John Buchanan introduced ‘Cricket Athlete Management System’ to manage all aspects of the game – from...
Limitless connectivity can bring in unlimited possibilities and accelerate numerous aspects of economy, which are already evolving at a rapid pace. Although there is no substitute for collaboration work and the all-important human interaction, the fifth generation (5G) mobile wireless connectivity can transform this in a way unimaginable yet possible, predicts Ericsson. While remote working...
Venture capital firms are bullish on the new-age Web 3.0 startups as they view the companies as the growth drivers of the next stage of the internet evolution. Despite the Ukraine-Russia conflict in the last few months and a meltdown in global markets, the Private Equity-Venture Capital appetite for Web3 has continued to grow in...
“Data is the new Oil”- Clive Humby, Famous British Mathematician and Data Science Entrepreneur Back in 2006, when Humby made the above statement, the world had less than 2.5 billion cellphone globally and less than 15 percent of people had any access to the internet. Fifteen years later in 2021, the number of mobile devices...
India’s new e-waste rules require businesses to recycle 80 per cent by 2025. While earlier the stress was on collection targets, the draft rules, which have been floated for public comments and may come into effect later this year, emphasise Extended Producer Responsibility (EPR), recycling and trading, which is in tandem with the government’s objective...
India’s entrepreneurial spirit is gaining momentum with the rapidly expanding start-up ecosystem, the third-largest in the world after the US and China, according to the recently released Economic Survey 2021-22. Government-backing along with increased investor confidence and technology breakthroughs have transformed the start-up scene with the total number of such recognised entities in the country...
Blue Economy, the sixth dimension of the vision for ‘New India by 2030’, can help the country rewrite its growth story post-pandemic. A sunrise sector, it is centered around oceans for economic activities, ranging from shipping, offshore oil and gas, and fishing to tourism. This economic philosophy was first introduced by Prof Gunter Paul in...
Businesses have been reinventing means and accelerating strategies in response to the COVID-19 crisis. Similarly, the pandemic could be the launching point for a massive acceleration in medical innovation, with biology meeting technology in new ways. Biotech is helping to heal the world by harnessing nature’s own toolbox and using our own genetic makeup while...
Falling interest rates pushed more money from bonds to equities, especially in start-ups in the past two years, fuelling their valuations manifold. Now, when the central banks all over the world are beginning to tighten interest rates to curb inflation, rising interest rates may see a reversal in their fortunes if not tackled properly. On...
In his path-breaking book Zero to One, Peter Thiel has defined progress with an example beautifully – if we take one typewriter and build a hundred, it is horizontal progress i.e. One to Many. Instead, from the typewriter we are able to build a word processor we have made vertical progress, Zero to One. While...