“There are several reasons why ‘smart city’ technologies rarely address the most important challenges of low and medium-income cities. For one, the overwhelming focus of the first generation of smart city vendors was on wealthy cities in mature economies.”
According to the latest worldwide market study by Juniper Research, retail spending at new frictionless payment stores — such as Amazon Go — will increase from an estimated $253 million in 2018 to over $45 billion by 2023.
According to CB Insights data, the top three industries that have seen the most artificial intelligence (AI) deals in the last five years are healthcare, security, and fintech. And players in these top AI industries are the subjects of intense ethics debates.
via CB Insights
“Blitzscaling is what we call both the general framework and the specific techniques that allow companies to achieve massive scale at incredible speed. If you’re growing at a rate that is so much faster than your competitors that it makes you feel uncomfortable, then hold on tight, you might be blitzscaling!”
Some companies, like IBM in our study, have realized that it is part of their job to support the discovery process at their clients in order to create a market for novel IoT and AI-based products they offer. This is different from selling a finished product – it is more akin to sharing a vision, backed up by plenty of examples.