In the first 10 months of 2017, $8.15 billion was invested in edtech companies. And according to Global Report, EdTech spending is expected to rise to $252bn by 2020. Whilst some may be sceptical of introducing technology into education, the opportunities and improvements it could bring to education are at least something to trial. 75% of teachers find their workload unmanageable, therefore edtech could provide some much-needed relief - assisting teachers, NOT replacing them.
Competition within banking is almost non-existent. Limited incentives to switch discourage customers from embarking on the journey to a new bank account, but this is all about to change.
In today’s digital age, it is vital for retailers to have an online presence. The increasing capabilities of our phones and tablets are broadening the usage of our smart devices, meaning that e-commerce is becoming more and more popular. Customers are no longer restricted to a computer screen at certain points within the day, instead, shoppers are on-the-go purchasing products anywhere, at any time they wish.
Smart devices have already begun to take over our homes. With incentives of cost-effectiveness, improvements in efficiency and a greener lifestyle, it’s easy to see why. This week at CES, one of the largest consumer technology trade shows in the world, many major tech companies showcased their smart home products, giving us a hopeful insight into our future lifestyles. Here’s the emerging technologies we can expect in our future homes…
Living in the UK, especially within built-up areas - like cities, means you have a wide range of transport methods available to you. The transport industry has always been fairly innovative when it comes to onboarding new technologies, aiming to make the public transport experience as quick, easy and painless as possible for example, the introduction of the Oyster Card. But, with the UK roads being amongst the most congested in Europe, we have a way to go until we are truly using intelligent transport.
The finance industry was introduced to many influential technologies over the last year with startups and technology agencies driving change. Financial Services (FS) has always had a very traditional way of working and therefore, is often rigid in the products and services they can offer, however, thanks to the latest technologies, customers are expecting a more fluid way of banking and are expecting more from their FS providers. Here are 7 top technologies FS institutions need to know about:
Technology is becoming more advanced each year. Emerging technologies underpin and support many technology initiatives, like industry 4.0, fintech and the dramatic transformation of retail, by streamlining communications and speeding up operations with a goal to increasing efficiency and reduce long-term cost in the workplace.
Whether it’s their complex infrastructure, a reluctant workforce or simply just a lack of knowledge, implementing the latest technologies is not a straightforward process. It is important for businesses to pay attention to the latest developments in order to prepare yourself for the technologies that will, ultimately, impact your business. Some businesses, however, often struggle to keep up with the latest technology trends.
Topics: Disruption and Change
For those who regularly read our blog or pay attention to technology developments, you will not have been able to avoid the phrase ‘machine learning’. Machine learning is a subfield of AI which allows machines and computers to operate by themselves.
As 2017 draws to a close, we begin to gain clarity on the most popular trends of the year. Companies begin to assemble lists to document the most popular products and services. Apple is no different. Earlier this month Apple revealed its most downloaded apps of 2017 and whilst some are fairly predictable, some represent movements towards technology trends. Here’s a roundup of the most downloaded tablet and mobile apps of 2017.
Technology has revitalised e-commerce retail, with trading growing by 23% each year. Whilst this is great news, retailers are beginning to struggle attracting customers to their physical stores. Technologies like Artificial Intelligence (AI) mean that online shopping is rivalling the in-store experience. Retailers are beginning to consider how these technologies can be used to increase footfall into their stores.