- By Sebastian Anthony (courtesy extremetech)
Against all probability, a device that purports to use cold fusion to generate vast amounts of power has been verified by a panel of independent scientists. The research paper, which hasn’t yet undergone peer review, seems to confirm both the existence of cold fusion, and its potency: The cold fusion device being tested has roughly 10,000 times the energy density and 1,000 times the power density of gasoline.
by Jonathan Strickland (courtesy fwthinking)
I’m the first to admit that I’m snarky, sarcastic and goofy. But I’m also honestly optimistic about the future. Much of that is because I’ve seen some great stories come out of what was first a tragic set of circumstances. That’s the case with Aimee Copeland.
Miss Copeland suffered an injury while going on a zip-lining adventure.
- Touch Bionics (Company web site)
- Aimee Copeland, Flesh Eating Bacteria Survivor, Receives State of the Art Prosthetic Hands (latinospost.com)
- Will Robots Social Network When They Eclipse Man's Intelligence? [Videos] (inventorspot.com)
- Brave flesh-eating bacteria victim, Aimee Copeland gets bionic hands (voxxi.com)
- Victim of Flesh-eating Bacteria Receives Revolutionary Bionic Hands (natureworldnews.com)
Underdelivering on expectations
IT and business leaders nearly universally believe in the value of big data, but many current projects are underdelivering on expectations, a survey indicates.
The survey by IDG Research and big data solution provider Kapow Software suggests that companies are having trouble gathering actionable business insights from big data fast enough.
The research also suggests the emergence of a new technology trend – the consumerization of big data.
Hopes and realities
While only one in three respondents have implemented a big data solution at present, nearly nine in ten agree that there’s huge value to be had from big data. And the pace of adoption is expected to double over the next 12 months.
IT leaders agree that the value of big data is its ability to help make intelligent business decisions and foster a data-driven organization.
Around 80% consider big data to be critical or very important for making informed business decisions. Almost as many believe big data is key to increasing competitive advantage, while 68% cite improving customer satisfaction.
Other popular uses for big data include increasing end-user productivity, improving information security and creating new products and services.
But of the companies that have adopted big data, more than 50% report having only lukewarm success.
The research suggests that big data projects are taking too long, costing too much and underdelivering on ROI. Most respondents believe that big data requires a prohibitively expensive investment in infrastructure.
Partly for this reason, big data projects typically take 18 months or more to complete, an eternity in the IT world.
Faced with these delays, employees from multiple parts of the business are taking it on themselves to attempt to mine insights from big data solutions. More than 80% of survey respondents report that manual data aggregation is being conducted in their business, with IT being tasked to try to automate these internal efforts.
Time and money aren’t the only barriers to big data adoption. Nearly half (43%) of IT leaders also report finding it difficult to find, access and integrate the right information among the piles of data needed. The data they require is often unstructured and spread across a wide range of internal and external sources.
A lack of awareness of the technology’s potential is considered the biggest barrier to big data success.
Furthermore, businesses are finding it difficult to wring value from big data without the presence of expensive data scientists or consultants.
Big data is mostly useless without employees with special training, and specialists are in short supply. Business leaders at the forefront of a big data project are often having to wait for their IT teams to extract insight using the complicated tools available today.
Demand is therefore springing up for simple but effective big data tools that can break down the barriers preventing big data from becoming a business rather than IT endeavor.
With consumerization transforming enterprise IT, users want the same user-centric approach to transform the tools they use, to help address the complexity barriers to big data utilization. More than half of IT leaders consider this a chance to become a business partner.
Tools with the ability to deliver insights in an accessible, easy-to-consume format have the potential to be more cost effective, to be deployed more rapidly and to avoid the expense and headache of a lengthy infrastructure rollout.
- Big Data – Helping Businesses Develop Better Perspectives (bigdatacompany.wordpress.com)
- Big Data Infographic | How Big is Big Data? | Domo | Blog (domo.com)
- Big Data – Security Concerns Rob Many Of Huge Benefits (bigdatacompany.wordpress.com)
- How Are You Managing Big Data? Data, Data Everywhere | Domo | Blog (domo.com)
- Big Data – Beyond The Hype, What Will It Do For Us? (bigdatacompany.wordpress.com)
- Infographic: The Physical Size of Big Data (domo.com)
IT was becoming more and more important to the financial security and operational efficiency of banking services, State Bank of Viet Nam (SBV) Governor Nguyen Van Binh said at a banking technology conference in Hanoi, mid May 2013.
Many areas including payments, lending, e-banking and risk management had been equipped with new and more diversified technology, he said, adding that some services were now completely automated.
Speeding up IT application and upgrading banks’ IT infrastructure were necessary to catch up with the trend, he stressed.
According to the SBV, many weaknesses in risk and banking management were exposed last year. The banking system is currently grappling with one of the region’s highest bad debt ratios, at 8.82 per cent of total loans.
Deputy Minister of Information and Communications Nguyen Minh Hoang singled out cloud computing, mobile computing and social media as major trends that had completely transformed the way banks operate and interact with customers.
“A focus on improving bank governance and risk management practices and pushing the restructuring of under-performing banks will be the main theme for 2013,” he said.
In order to develop banking technology, the country should boost international co-operation and enhancing human resources and management, said SBV’s Banking Strategy Institute director Nguyen Thi Kim Thanh.
World Bank economist Noritaka Akamatsu said that improving insolvency and restructuring State-owned enterprises should be the main goals for the banking sector’s development.
The International Data Group, the co-organiser of the event together with the SBV, said that e-banking and mobile banking were showing great potential.
- Banking sector needs to embrace IT innovation (bizhub.vn)
- SBV stalls asset regulations as companies feel the pinch (vietnamnews.vn)
- Russians attempt to topple Google in Vietnam (sfgate.com)
- Social bank helps 21m poor (vietnamnews.vn)
- Lending over 4 months up 2.1% (vietnamnews.vn)
- Vietnam Premier Approves Debt Asset Company, Central Bank Says – Bloomberg (bloomberg.com)
1. Innovation as a corporate function
At a growing number of large organizations, innovation is now an identified organizational group, with a specific mandate, roles and responsibilities, metrics, processes, resources, and governance. According to a 2012 Capgemini study, 43% of large global companies now have a formally accountable innovation executive. Innovation has become a corporate function, and the trend is gaining steam.
2. Most leaders see Innovation as distraction
Yet despite the trend, today’s innovation leader has a very difficult mission, for two reasons. First, most corporate warriors in middle management persist in thinking of innovation as a management fad – a distraction from quarterly goals and core objectives. As a result, the innovation leader faces a constant uphill battle for legitimacy – unless he/she demonstrates clear, powerful business results from innovation’s efforts. And there is a limited time window before faith and confidence are lost permanently.
3. Innovation breaks operational excellence
Secondly, innovation has a distinct rhythm from the daily business. Instead of driving to efficiency and operational excellence, successful innovation requires space and time to create, tolerance of failure and a culture of open experimentation. In a corporate setting, individuals with ‘innovative’ personalities have long since learned to hide or downplay them, for the sake of career advancement. So the natural rhythm of innovation inevitably feels strange and foreign within a large organization.
4. Innovation as strategic axis for competition
Yet senior leaders increasingly view innovation as a strategic imperative, allowing the firm to adapt and respond to competitive pressures, customer needs and technology change in a rapidly changing, information-rich 21st century world. Most of the time, a great deal is riding on the success or failure of the Innovation Leader. In some cases, the C-suite has staked the company’s future on it.
5. Innovation Project Outsourcing
In this environment, outsourcing is a critical enabler of success. Experienced innovation firms use proven methods and tools to produce those crucial early-stage results, while also injecting the DNA of innovation process into the organization. Typically this outsourcing takes one of two forms.
When the need for a specific innovation is clear – breakthrough new product designs, for example – the innovation leader may outsource the entirety of an innovation project. This is called Innovation Project Outsourcing – in which an innovation firm acts like a design agency, working independently and producing ready-made innovations as deliverables. These projects can range from R&D and engineering work, product and/or industrial design, to innovation process design.
6. Innovation Process Outsourcing
Ultimately, however, the innovation leader cannot be wholly dependent on an outsourcer to produce innovation. Innovation Process Outsourcing is a critical step in embedding innovation habits into an organisation’s DNA. An experienced innovation firm will be intimately familiar with the difficulties of involving broad sets of enterprise stakeholders in a collaborative process. Working underneath the innovation leader, outsourced programme managers can be embedded into the organization as change agents and campaign managers. Through careful scoping of innovation initiatives, combined with skilful management of the campaigns themselves, dramatic results can be achieved while also socializing the behaviors and rhythms of successful enterprise innovation.
7. Innovation Skill Transfert
The end goal of these outsourcing efforts is innovation skill transfer and discipline-building within the corporation. Over time, the outsourcer trains its client on the core Innovation Management skills and methods, which allows the innovation programme to achieve sustainable scale as an enterprise program. As a result, the organisation begins to treat ideas as valuable intellectual capital – and consistently collect, vet and leverage this capital for business benefit.
8. Permanent home for innovation outsourcing
In the longer term, there is a permanent home for innovation outsourcing in most companies. Innovation strategy is a core competence any organisation needs to build, refine and invest in – it’s the future of the company. But aspects of how innovation is built and executed may be outsourced, as external parties have skills and competencies which the company may not have or even need to be in-house.
- Cloud’s role in the move from outsourcing to smartsourcing (intechnology.co.uk)
- Why Innovation Programs Are A Total Waste Of Time (ceo.com)
- 5 Myths About Innovation And Strategy (ceo.com)
- 2013 Winners: Training Outsourcing Companies Watch List (barebrilliance.wordpress.com)
- Kill Your Innovation Champion (psychologytoday.com)
- Outsourcing Business Processes for Innovation (barebrilliance.wordpress.com)
BCI, what’s that?
BCI means Brain Computer Interfaces. Using sensors, the brain can control computer programs. These man-machine interfaces are developed, and their operation reveals a huge potential.
Emotiv is a neuroengineering company that has brought to market affordable, consumer friendly, high-resolution, multichannel, wireless EEG systems. Their advanced algorithms allow these headsets to detect subconscious emotional states, facial expressions and user-trained mental commands which can control existing and custom applications and games.
This technology utterly transforms the way we interact with computers. Emotiv is revolutionizing human-computer interactions (BCI) by allowing computers to react to your moods and deliberate commands in a more natural way. This capability is available to consumers with a range of new and existing applications. Using their SDK, developers and researchers can integrate Emotiv data directly into new applications, driving an exciting range of novel uses.
Emotiv’s vision is to democratize brain research by enabling access to affordable, user-friendly, high-resolution brain measurement systems; and encourage and catalyze innovation in this field.
Applications for the Emotiv technology and interface span an amazing variety of industries – from gaming to interactive television, everyday computer interactions, hands-free control systems, smart adaptive environments, art, music, accessibility design, market research, psychology, medicine, robotics, toys, automotive, transport safety, education, self-improvement, defense and security.
Emotiv is established with developers and researchers in over 90 countries already working with the technology.
More Information about Emotiv
Control by thought
Using sensors, the brain can control computer programs. These man-machine interfaces are developed, and their operation reveals a huge potential.
Control games by thought, be able to walk in a virtual world just by imagining his movements make clear the blurred image of a screen just by focusing: it is no longer science fiction but the real science today. And perhaps these brain-computer (or BCI for “Brain Computer Interfaces”) interfaces become commonplace tomorrow.
How to control a computer by thought? For simplicity, it is necessary to capture the brain activity and translate it into computer program.
An electrode encased helmet charge capture electrical signals in the brain, as in the case of electroencephalography. Software will then translate these signals into computer commands. This is precisely what the Open Source software performs OpenVibe, developed by a team at INRIA, french research institute (France).
The accuracy of helmets clad electrode
This software can be downloaded free and ready to use, will specifically be responsible to acquire the signal, but also clean and classify before translating. “The fewer sensors have less signal quality will be good. Because there may be noise will interfere with the signal. Other electrical signals can indeed come face or the outside …” said Anatole Lecuyer, director of research at the Inria in charge of OpenVibe project. Helmets with few electrodes will be less accurate and their potential clamped.
This does not prevent some companies currently developing simple bands, barely visible as Google Glass, supposed to allow control by thought.
Under the control of thought, another limitation may appear during the learning phase because the software requires calibration. It is comparable to that of voice recognition technology learning, requiring the user speaks before recognize and understand his voice. Here it is, for example, start making hand movements, so that the corresponding electrical signals in the brain can be recorded before being recognized.
Consequence: it is then possible to make the same movement of the hand, or … simply imagine. This is why some people may not exercise such control “imaginary activity” because they will not be able to “imagine” the movements correctly.
Like buttons on a controller of video game
For others, an imagined movement may therefore correspond to a command. Thus, it is possible to combine one, two or all three orders of imaginary movements. As if it were a joystick buttons. The OpenVibe technology has also demonstrated several years ago that it was possible in a virtual world, to move in several directions only by thought, although exercise can be tiring in the long run.
OpenVibe team was also able to work with the video game industry to develop more games, and even a serious game. This “serious game” worked through a slightly different process: the more the player is focused on a fuzzy screen, the image of the screen became clear. “This game can therefore quite used to learn to focus and channel attention. What, for example, help children with hyperactivity or attention deficit disorder,” said Anatole Lécuyer.
In this serious game based on OpenVibe, when the player is focused, the image and sound of the video projected on the far right become sharper.
The medical sector is also one of the outlets OpenVibe project, in addition to the gaming industry. A sapling after Inria Mensia Technology , has already launched in medical applications enables the OpenVibe technology. The latter can indeed be used for therapeutic purposes but also for the well-being it provides or the brain training, to resolve tensions, sleep disorders, or learning to relax …
Today and tomorrow
OpenVibe code is available as open source. Therefore difficult to know the purpose, but it is now possible to find on the Internet helmets fifteen sensors for less than 200 euros. There are also games already available on the Web working with such helmets. Moreover, the principle of Open Source, open Open Vibe code has external contributions, which allows him especially today being enriched the necessary drivers for new helmets coming on the market.
And tomorrow? The technology will she one day mature enough, for example, replace a computer mouse? “We’re not there yet, the mouse movements on the screen are not accurate enough,” slice clearly Anatole Lecuyer, who admits that the scientific research and publications in this area are experiencing exponential growth in recent years.
1. Openvibe software from INRIA: http://openvibe.inria.fr/
- The Brain Computer Interface (biodaher.wordpress.com)
- Samsung Demos a Tablet Controlled by Your Brain (technologyreview.com)
- NYTimes Bits Blog: Brain-computer interfaces moving closer to the mainstream (hunscher.typepad.com)
- Re: Radio Frequency Hearing Effect by Mark Dice (forum.prisonplanet.com)
- Mind Control Is Going Mainstream (motherboard.vice.com)
- Human wags rat’s tail using mind control interface (wired.co.uk)
The chart at right represents the worst case scenario for Apple’s share of the global SmartPhone market.
Using Apple’s own numbers for fiscal Q2, we calculate that iPhone sales grew 7% year over year in a sell-in basis while the overall smartphone market grew by about 36%. The net result is that Apple’s share of the global smartphone market fell from 23% last year to 17% share this year — the largest year-over-year decline in the iPhone’s history.
The situation won’t get any better by June. Based on Apple’s fiscal Q3 revenue guidance, we estimate Apple will sell about 25 million iPhones in the current quarter. If the overall market grows 30%, Apple’s share will fall to 12.3%. If it grows 36%, Apple’s share falls to 11.7%.
Given this, how can be maintained a $600 price target for Apple and an Outperform rating?
- Apple’s market share typically troughs before new offerings… Apple’s share could increase dramatically with the introduction of a lower priced device, and meaningfully with the addition of new carriers. We estimate that adding China Mobile would boost Apple’s global smartphone market share by over 100 bps in the first year, and that a successful low end iPhone could boost share by 500 bps or more.
- iPhone is still growing healthily. As gloomy as these market share forecasts appear, we model iPhone unit sales growing 15% in FY 2013, and 10% in FY14, and our model does not include the introduction of a lower-priced device. Yes, Apple is growing at a fraction of the market – because it is not participating in the fastest growing, low end segment – but we still expect it to grow.
- The size of the total iOS ecosystem remains staggering on both an absolute and relative basis – and Apple’s customer base remains intensely loyal. In short, iOS is in no risk of going away… Moreover, our consumer surveys point to iPhone repurchase intentions of over 90%, notably ahead of competing ecosystems, including Android.
- Market share does not necessarily correlate with profitability. Currently, Apple’s iPhone positioning is increasingly mirroring the Mac, which commands just 5% PC market share, but is highly profitable, accounting for an estimated 40% of total PC industry profits.
- Philip Elmer-DeWitt: Analyst: Apple’s smartphone share in single digits by Sept. (tech.fortune.cnn.com)
- CHART OF THE DAY: The iPhone’s Market Share Is Dead In The Water (AAPL, GOOG, MSFT, GOOG) (businessinsider.com)
- Analyst: Apple’s smartphone share in single digits by Sept. (forums.pinstack.com)
- Analyst: Apple’s Smartphone Share Could Drop to 9% by Q3 2013 [Chart] (iClarified.com)
- IDC on Smartphones in Q1: Android Dominant , WP up , iOS down (techysants.wordpress.com)
- Verizon iPhone First Take (reviews.cnet.com)
- What does the iPhone 5 mean to Android? Not a lot (reviews.cnet.com)
The Google driverless car is a project by Google that involves developing technology for driverless cars. The project is currently being led by Google engineer Sebastian Thrun, director of the Stanford Artificial Intelligence Laboratory and co-inventor of Google Street View.
Driverless car in Nevada, Florida and California
The U.S. state of Nevada passed a law on June 29, 2011 permitting the operation of driverless cars in Nevada. Google had been lobbying for driverless car laws. The Nevada law went into effect on March 1, 2012, and the Nevada Department of Motor Vehicles issued the first license for a self-driven car in May 2012. The license was issued to a Toyota Prius modified with Google’s experimental driverless technology.
As of April 2012, Florida became the second state to allow the testing of driverless cars on public roads. California became the third state to legalize the use of self-driven cars for testing purposes as of September 2012 when Governor Jerry Brown signed the bill into law at Google HQ in Mountain View.
Watch video about the California legalization
Watch the second video about Steve Mahan
Steve Mahan is visually impaired and use Google car to be independent.
- Who will dominate the emerging driverless car market? (ireport.cnn.com)
- Tesla talking to Google about driverless electric cars (usatoday.com)
- China hot on Google’s heels with driverless car (reviews.cnet.com)
- Joseph Rose: The driverless car’s time has come in Oregon (oregonlive.com)
- Congress To Hold Hearing On Google’s Driverless Cars This Week (webpronews.com)