A well-known pharmaceutical company has recently announced serious job cuts in Ireland and worldwide. Quite a few more companies will most probably follow the suit.
With the recession looming in the background, raising interest rates, and increased pressure on financial performance, downsizing a workforce seems like an obvious choice to many organizations.
On paper, the math seems pretty simple – cut 100 staff and you save €5 million or so per year. But this kind of thinking is quite short-sighted.… Continue reading
Researchers from Glasgow University have developed a handheld diagnostic device that can measure and track metabolites to help monitor health and progression of specific diseases.
Forget the book – “Future Shock”, welcome to the 4th Industrial Revolution. The Fourth Industrial Revolution is upon us and it represents a fundamental change in the way we live, work and relate to one another. It is a new chapter in human development, enabled by disruptive technologies.
According to Wikipedia, disruptive technologies are… Continue reading
Intelligent process automation, the combination of artificial intelligence and robotic process automation, has been helping companies to balance trade-offs, achieve greater levels of efficiency and add value to business. RPA combined with machine learning and cognitive computing has been helping in impersonating the activities of humans, conducting highly repetitive tasks.
Machine learning, natural language processing, machine vision, emotion recognition, and optical character recognition, that were earlier reserved for human processing, are now undertaken using bots as well, based on learning… Continue reading
Cameras that see in the dark, drones that follow you home, AI that manages your phone. Below are some innovative products to inspire you:
- The world’s first virtual shopping center opened in Korea. All products are just LCD screens that allow you to order the items by touching the screen. When you get to the counter, your items are already bagged and ready to go. We will soon see this trend in Europe.
- A cellphone you can bend as… Continue reading
Blockchain technology based solutions are springing up fast around the world and they don’t just disrupt the world of finance, but can, for example, fundamentally change the world for energy companies.
Imagine a country where each house has Tesla solar tiles, or some sort of energy-collecting device coupled with a Tesla Powerwall, Nissan XStorage or Sunverge battery.
Instead of being “off-grid”, they’re very much on it – but they’re not dependent on an energy provider. Instead, houses… Continue reading