For most people, artificial intelligence is just a machine that is capable of performing cognitive functions like:
It has the prospect of creating over six hundred billion dollars worth of value in retail alone, and it is capable of bringing about fifty percent worth of incremental value in banking. For transport and logistics, it has a prospective revenue jump that revolves around eighty-nine percent or even more. What Exactly Is AI? Simply put, artificial intelligence offers us a technology that deals with difficult data that are barely possible to tackle by a human. However, artificial intelligence automates redundant jobs, and it enables workers to reduce tasks of added value. With the implementation of artificial intelligence at scale, it will lead to a reduction in cost and increase in revenue. Types Of Artificial Intelligence AI has been split into three subfields which include:
A major difference from hard-coding rules is that the machine can learn all on its own in a bid to find rules like that.
However, the learning phase of deep learning is carried out via a neutral network. This us an architecture where the driver's layers are arranged on top of one another
All in all, AI is just the science of training machines to carry out tasks that would have otherwise been performed by humans. Use Cases Of AI Artificial Intelligence is utilized to decrease or avoid repetitive tasks. It can repeat a task continually without any form of fatigue. The fact is that Artificial Intelligence does not get tired, and this means it does not need rest. It can enhance a product that is in existence. Most forms introduced artificial intelligence into their business just to improve the functionality of their product and not beginning from scratch to create newer products. Also, AI is used in diverse industries, which involves marketing down to the supply chain, food processing sector, and finance. To Sum It Up Artificial Intelligence is gradually being incorporated into almost every facet of our digital lives. It has so many use cases as its concept is no longer relatively new to humans.
1 Comment
San Francisco can get expensive and with daily spending getting so high, it might be important to keep track of your spending habits. Keeping track of your budget can help you maintain your finances easily. With the help of technology, it has become easier to access personal spending and budget tracking through mobile phone devices too. In the past, Microsoft Money and Quicken were the two programs that were used by people. However, with advancement, more efficient and refined applications have become accessible to all of us. If you want to figure out the best app to track personal spending, here are a few options to pick from:
Dollarbird One application to track personal spending is Dollarbird that will let you add past as well as present expenses to the built-in calendar. It will then calculate the influence of your spending on the total balance that you have. Moreover, it will also categorize the spending based on different things you spend on. The perks of using this application include:
For people who struggle with calculations, Level Money can be really useful. As you enter your total income, it will subtract the number of your expenses and savings to give you the leftover amount for personal spending. You will know how much you have in your account for purchasing stuff each day or month based on the calculation.
Another wonderful application to track personal spending is Mint. This app lets you create your budget based on different categories for each month. You will have graphs that will tell you about how much you are spending. Moreover, it sends warnings as you reach your limit along with helping you keep your credit score on track.
Technology has made it quite easy to reach your credit score goals. If your focus with personal spending is to enhance credit score, Wallaby is a great choice. It makes a list of transactions to identify which card you should pick to make your purchase at certain merchant sites.
Penny is more interesting as it keeps track of your spending habits like a friend. It sends you texts as well as notifications that comment on your spending habits. If you are looking for a light and interesting app to keep things under control, you can give Penny a try.
Platforms like Spotify, iTunes, SoundCloud, and other music streaming services allow music artists and listeners to connect. We can now listen to music any time we want to with the help of technology. However, integration of blockchain and artificial intelligence now defines much of the music industry whether we are ready to face it or not. One phenomenon that has become common along with the streaming platforms is that of artists signing up if they want to monetize their music. As a result, the money that artists receive is either controlled by the labels or the streaming platforms, often taking longer to reach the artists’ accounts.
Benefits of Blockchain in Music Industry Mainly, blockchain is initiating a token-based economy which allows the artists to control their intellectual property by turning it into a financial asset. The token which belongs to the artist will show the accurate value of the work and therefore, anyone that purchases the work will own a share. As more people listen to music, the revenue will be earned by the artist as well as the shareholder. Furthermore, this enhances the music business as the artists will be able to earn the money upfront. They will not have to seek music labels for the monetization from a music label. This means that the artists can stream their music on Spotify or SoundCloud etc. as well as control the royalties they earn. The third prospect we can aspect to change with blockchain is that of licenses and agreements between music publishers. The blockchain has the potential to make space for a system that can maintain the database of music copyrights. Moreover, anyone interested to access the information to learn about the copyright owner can look into the details easily. The music industry at the moment has a complicated system of recording agreements that control the artist’s royalties due to the lack of clarity in ownership. Future of Blockchain in the Music Industry It can be anticipated that the music industry will someday fully embrace blockchain and radically change the industry. At the moment, it seems far-fetched for blockchain to completely takeover. However, it takes a startup to turn into a million-dollar enterprise and we can already see examples like VOISE, Ujo and many others. Another startup worth mentioning is the Viberate which started back in 2015 and has been growing ever since. It already has many famous artists that are recognized on the platform including Imogen Heap, Robbie Williams, The Chainsmokers, and several others. The Viberate team is leading blockchain in the music industry by the example of providing music solutions. However, this change is not only beneficial to the artists or shareholders because according to A-Rayz, “Tokenization allows fans to be active participants in an artist’s creative work and share in the success of a project.” This statement implies that the listeners will readily have to adapt their preferences for musical platforms and switch along with their favorite music artists if they wish to hear their music and promote their work. To begin with, FoodTech is an ecosystem made up of agriculture entrepreneurs and startups innovating on products, distribution, marketing, from production to distribution. The term “FoodTech” is quite justified because, on one hand, it is the coming together of the sectors of food and technology, while on the other hand, the industry of food is galloping towards new heights with the passage of each day, as smoothly and swiftly as any other technology. FoodTech is primarily concerned about implementing technology in all the food production systems to yield greater production and discover new methods through which the supply and distribution of food will be benefitted.
FoodTech owes its origin to the United States of America and today, it is practiced in a large part of Europe, especially in France. An interesting thing to be noted here is the glaring difference in which FoodTech is treated in these two continents. In case of United States, it is mainly the integration of food and technology to enhance the means of production and supply, while in France and greater parts of Europe, FoodTech is mainly concerned with cutting down the mass production of food that in some cases involve using synthetic supplements and help people in consuming food that is more healthy and organic and at the same time is of pioneer quality. Recently, a lot of startups have engaged themselves in FoodTech and considers it to be one of the vastest areas of exploration and growth. Everything that you can think of that makes production, ordering and distribution easy falls under the category of Foodtech. For instance, the food ordering applications that have been made popular in tabs and smartphones, allows you to order any form of food with a single click; you can be looking for the cooked food from restaurants or raw vegetables and spices to be delivered to your doorstep and it will be done within no time. Also, to encourage a consumer to popularize the various sectors of FoodTech, some startups offer amazing deals to their customers on having ordered and received their food successfully. With the swiftly changing times and diversity in consumer needs, the technologies involved in the sector of food is upgrading itself with each day. Customer feedbacks and opinions are being taken into serious consideration to enable taint-free growth in the field of food technology. Then, of course, there is the famous Beyond Meat IPO and dairy alternatives, and all the meal prep companies launching almost every day in Silicon Valley. These companies and food manufacturers are striving to develop methods so that the issue of quality is taken care of in spite of such a humungous increase in the production and distribution units and for the organizations to successfully keep up with the orders constantly flowing in. Coming to the economy of Food Technology in recent times, it has been proven that the sector is running quite strong and is spreading its wings over time. One factor that has to be accepted here is the demand for food will always rise no matter what and capitalizing on this fact will only increase the number of opportunities and creative methods of improvement. by Rachel Kim Who even has enough time to prepare their meals in a busy city like San Francisco? Even if you had the time in your hands, how can you possibly cook 3 times a day for 7 days a week? To possibly reduce some time in cooking and the stress that comes with it, this is why engineers and innovators have created genius apps in the hopes of reducing overwhelm in meal preparations.
Here are some of the apps you can look into: Mealpal Subscribe to Mealpal for a $6 lunch on a monthly basis where you have the list of restaurants to choose your lunch the day before from 5 pm to the following day at 9:30 am. When you pick up your food, make sure to scan your QR code to let them know that you picked up your food. This ensures the restaurant owners that strangers didn’t pick up your food! Ritual If you don’t like to wait in line to get your lunch or too busy to pick up your meal, get Ritual. It lets you skip lines and allows your coworkers to pick up your meal. Moreover, you can earn Ritual points where every $1 you spend, you get 10 points. Once you earn 10,000 points, you can redeem it by receiving the $10 credit for the app. Unlike Mealpal, you don’t have to order the meal 5pm the day before. Therefore, if you can order your lunch whenever you want and wait for 10-15 for them to prepare your meal. Postmates Tired of cooking meals? Then get Postmates! Think of Postmates as Uber for food. Get anything (yes, that includes alcohol) delivered to your doorstep with a small fee. If your order from a restaurant/store that Postmates has partnered with, you will pay $3.99. However, Postmates will still deliver from shops that they haven’t partnered with for $5.99. If you don’t like paying 4-6 dollars every time you order, you can subscribe to their monthly membership for $9.99 or $89.99 for the yearly membership with the condition of ordering at least $20 dollars. Grubhub Postmates isn’t available in your city? Then download Grubhub. Grubhub is basically the same as Posthub except it is available in 16,000 cities in the US and it’s also available in London. Grubhub also has the largest market share in terms of food delivery apps. Plus, there are no extra charges like Postmates. You will only get charged for what the restaurant charges you. However, if you are a generous person, feel free to tip the driver! Also, Grubhub has way better customer service. Doordash Not everyone has a big enough family to order $20 at a minimum. If you don’t want that minimum charge and especially if you live by yourself in a big city like SF, use Doordash. They also won’t charge you for blitz pricing and have the same pricing as the restaurant plus just the delivery fee that is designated to the area. https://fooddeliveryguru.com/ubereats-vs-postmates-vs-caviar/ https://www.ritual.co/ https://mealpal.com/ https://www.pommietravels.com/mealpal-review-nyc-is-mealpal-worth-it/ https://www.policygenius.com/blog/postmates-review/ https://www.ridester.com/postmates-vs-grubhub/ https://www.ridester.com/doordash-vs-postmates/#1 There a few myths about starting a business. Finding a co-founder is one of those myths. In order for a startup to succeed, finding the right team is important. A good founder is almost like a dream like a great marriage. It is a good concept of trust, loyalty, division of labor, and support, but not everyone can find a perfect partner to provide that. One can search for months, sometimes years to find the one. But, do you really need the one? Can you do it by yourself?
For the record, although many people try to push the myth of the importance of a co-founder, it might not be a happily ever after story just because you have a co-founder. Cofounder conflict is actually one of the leading reasons for early-stage companies failing. A cofounder relationship could be harder than marriage. It goes beyond just a business person finding a tech person like how marriage goes beyond just love. A proper cofounder relationship requires the co-founders to at least have common principles, share the same goal, understand boundaries, and not take everything too seriously. This all makes finding a co-founder a very hard task. The good news is: Maybe you don’t need a co-founder! A study by Crunchbase in 2016 shows that many startups had successful exits only had an average of 1.72 founders. This means that many startups were led by only one founder. This should be reassuring if you can’t find a co-founder or if your team recently left you. You can still do it! However, the road down solopreneurship might be difficult. You might be at events where people ask about your team. People might not have the confidence to fund your company as you are the only founder. It takes a lot of perseverance to get through and become a solopreneur, but there are people who have done it. For example, Jeff Bezos is one of those solo founders who founded Amazon. Of course, there are other companies that were founded without co-founders such as eBay, Ford, Tumblr, Umami Burger, and Wonderbra. Adam Fleischman of Umami Burger started his chain by himself and didn’t believe in having a co-founder. He hired labor off Craigslist for $10 an hour and did the rest himself. He hustled and the rest is history. His chain is one of the most successful chains in the burger industry. Being a solopreneur allows you to not compromise on your vision. It allows you to have the freedom to pursue whatever you want to do. Just because the world is telling you about getting a co-founder doesn’t mean it is necessary. You too can be a single, independent solopreneur. Of course, being a solopreneur could get lonely. Come in and connect with other founders at Treehouse Society! https://techcrunch.com/2016/08/26/co-founders-optional/ https://www.inc.com/matt-given/do-you-need-a-co-founder-this-surprising-new-study.html 2018 is now gone and we’ve passed almost half of the first month of 2019. But while that may be so, you aren’t way past the year to launch your business. The first couple of months of the year are still here to offer you opportunities to reflect and plan to launch your business. But if you aren’t planning to start a business, here are 5 reasons why you should consider it.
1. Modern Customers Are In for More Personalized Service With businesses further adapting to a modern customer, a new business that prioritizes a seamless, personalized service and fast delivery will be available. Modern customers today gravitate to online services that can provide them with better user experiences. Yet, most businesses fail to adapt to the modern times. The New Year would be an excellent opportunity to launch a business and take advantage of attracting these potential modern customers. 2. Improved Technology Will Make Business Operations Easier Technology is more advanced than ever. You could probably build whatever you could dream of. Among the technologies to be expected this year include predictive analysis and AI, which will deliver fantastic customer experience. It will be a game changer this year, particularly in giving businesses greater insight. 3. Plenty of Small Business Opportunities If your goal is to become wealthy, launching a small business might not give you that chance. However, small business might be able to generate you an income to live with instead of working for the man. This year’s forecast shows a bit optimistic on global trade growth, and the economy is leaning to positive. With that, starting a business this year might finally realize your dream of becoming your boss and making all the decisions. 4. Significant Changes on Banking is on the Way Even before the end of the year, there are already significant changes in banking. These changes will no doubt create a massive disruption in how you make your payment. With more radical payment methods coming along with improved technology, your mobile phone will be your wallet. With this are many opportunities to bring a potentially profitable business closer to your target audience. 5. The New Year is a Time to Do Something You Love Of course, besides the changes to come this 2019, there is no reason to launch your business that is more compelling than doing something you love. If it has always been your dream to start your own business and you think you it is time, then go for it. If you work hard running your own business and truly enjoy what you do, you have the stakes to make it a success. If you are unsure if this year is the perfect year to launch your dream business finally, the reasons mentioned might be enough to start. But like what the last reason is all about, it matters a lot that you love what you do. It is essential to choose a field where you are passionate in so you can stay in the business to make it scale. Come by our modern coworking space to see how 2019 can motivate you. Mindshare capture is the amount of space a company occupies a customer’s mind. According to Investopedia, “Mindshare is a marketing term that describes the amount consumer awareness or popularity surrounding a particular product, idea, or company. Practically, it is the consumer perception of a particular brand or product compared to their rivals as measured by the amount of talk or mentions generated by the public or the media.” The more mindshare a company has, the more market share it will convert and the brighter their future will be. It is not easy to capture the minds of people in the modern days as an average person at the computer probably has more than 5 tabs open at a time, plenty of messages coming through, and social media newsfeed being as hyped as ever.
If your company can successfully gain mindshare of your customers, it will lead to more sales. Once your company had gained the mindshare of your customers, probably 3 out of 5 tabs opened on your customers’ web browser are at your company’s web page. And as humans are social animals, your customers might chat with their friends via social media, texts, or word of mouth which will make mindshare capture even stronger. Here are 4 ways to ensure success in gaining mindshare. 1. Have a unique and great product- If you have a great product, your customers will for sure come back for more. For example, Coca-Cola has had the same great recipe since the 1800s. Another example would be Amazon, which was a unique way to sell books on the internet. Both Amazon and Coca-Cola were great for their unique product. 2. Offer great customer service- People definitely remember if they were made to feel special and they would definitely tell their friends about it. 3. Have your product always be available- Make sure your product is always available. Not only would your customers be excited about it, but also, you could only make money when your product is available unless you are running a Kickstarter campaign. But, you are building a real company so make sure it is always available. 4. Make your customers feel something- Your customers should be excited, happy, fascinated, or whatever feeling they have while using your product. The more they feel while using your product the more your company will occupy their mind. Apple was a master of this. Their ads would make people feel something and Steve Job’s presentation would make users feel like they are different just by using Apple products. Get started on capturing the mindshare of your customers today! Many startups are stealth mode nowadays due to the fear of others stealing their startup idea. If anyone at a coworking space asks them what they are working on, they normally say, “We are a stealth mode startup.” Of course, there are horror stories of others stealing startup ideas, but ideas are only ideas if there is no execution behind them to turn them into a business. Here are 5 reasons why sharing what your startup does might help you.
1.Get immediate feedback- If you have a product to showcase, let others in the coworking space to use your product and see what they think. Since there are so many people, you can immediately get some feedbacks on what potentials users might think. 2. Gain resources- Maybe other coworking members are connected to companies, individuals, or influencers you need for your startup. Members of Treehouse love sharing information and resources with each other. 3. Potential recruit- Are you looking for someone to help you out on building your product or potential salespeople? There could be drop-in daypassers at a coworking space or at a networking event who is excited about what you are building! Even if they aren’t looking for a job, someone from the coworking circle might also know someone with the talent you are looking for your startup. 4. Collaborate- Maybe there is another company in the coworking space looking to collaborate with someone in your field! You will never know unless you connect with them. 5. Share knowledge- You can learn so much from talking to others at a coworking space. People love sharing their knowledge over coffee or lunch. If you are still not convinced to talk about what you are working on, share only a part of your business idea especially if you are on the early stage of your startup. San Francisco had been making headlines for being the most expensive city in the United States. However, many still try to build their startups here. Let’s look at the status of the city and check why this is still a great place for your startup.
As a startup founder, you might need the following for your company to run smoothly. Talent Capital San Francisco is a hip city where college graduates want to move to. What does that mean to your startup? It means there is a huge pool of talent to recruit from. Startup Culture People are excited when you tell them about your startup. This doesn’t happen much anywhere else in the world. The excitement leads to contribution and idea exchange. You could also find like minded people by attending Meetups and events according to your startup interest. Diversity Since WW2, San Francisco had been the most diverse city in the United States. This means you could test your startup idea with the diverse community here. If your startup does well in a diverse environment, there is a higher chance it will go well once it is scaled out of this town. Seed Funding Funding can make or break your startup. By April of 2018, 157 San Francisco startups reported raising a seed or angel round totaling around $200million. The median deal size for seed company also set a new record in 2018 for $2.2 million. This is a 30% jump from 2017’s median deal size of $1.69. With so much available investment laying around, there is no wonder why startups still bear with the high cost of living in San Francisco. Young Adult Dwellers More favorable place for new ideas and businesses. This is a factor of your success as you could test your ideas better with young adult dwellers who are open minded. A young open minded person is more likely to test out your app or the latest gadget. This leads to faster progress and growth. Hopping startup scene A lot of people move to SF to engage in startup activities. There is no better feeling than being surrounded by like minded individuals who are building their startups as well Connections Since the Bay Area is still filled startups, there are still great communities for you not only professionally but also personally. Of course, living in the middle of Idaho could be cheaper in terms of costs, but what kind of connections would you be building? There are reasons why SF continues to house the most amount of startups. Despite the high cost of living, bad public transits, there are still companies everyday being started in San Francisco. Be a dreamer and doer and start your company in San Francisco today. A right startup needs to be at the right environment. Come check out Treehouse Society for our latest private office deals. |
Categories
All
|