Apple posted better-than-expected revenue yesterday on the back of a record iPhone launch that saw 39 million of the smartphones sold in the September quarter. Last week, the company introduced its new iPads. We already took at look at how the iPad Air matches up against its competition. Today we scale it down a bit to see how the iPad mini compares to its major competitors on the market.
Trust plays a key role in TransferWise. If you just picked someone at random you wouldn’t trust them to take your money and then pay you in another country. So why would you trust a start-up to do it?
TransferWise works by matching money flows. Money doesn’t move between countries every time someone wants to make a transfer. Instead, the system relies on someone wanting to move money from, say, London to Paris at about the same time as someone else wants to move money from Paris to London. So, overall the sums balance out and you can just make the two transfers within each country. The result is a process which is faster, cheaper and easier than the banks – a strong incentive to those thinking of trying out the service.
It all started after Taavet Hinrikus moved to London from Estonia. He was still working for Skype and had to do the ‘walk of shame’ to stand in the long queue at the bank in Estonia and get his wages transferred to the UK. When his money eventually arrived it was much less than he expected from looking at the mid-point exchange rate. Instead, he was able to find a friend who wanted to transfer money from the UK to Estonia and they could just ‘swap’ the money. The leap to TransferWise was the realization that this was a problem faced by millions of people, with trillions being transferred every year.
How pensioners took the leap of faith (more…)
I’ve always had lists of people I’d love to have drinks or dinner parties with, and they usually revolve around a theme like sports or music or tech. This week, I had one of those opportunities when I attended the Vanity Fair New Establishment Summit in San Francisco. This one was built around the age of innovation, and you could not have asked for a better lineup of speakers, moderators, and even guests. How would you like to spend the day listening to the likes of Elon Musk (SpaceX, Tesla), Evan Spiegel (Snapchat) Sal Khan (Khan Academy), Daniel Ek (Spotify), Marc Andreessen (Andressen Horowitz), Mike Judge (Silicon Valley, King of the Hill, Beavis & Butthead), Eric Schmidt (Google), and Mike Bloomberg? Or imagine seeing Sting, Jimmy Buffett, and his older brother (not really) Warren Buffett in the audience? (more…)
Yesterday Apple introduced the iPad Air 2, a faster, slimmer version of its predecessor with other modest improvements. Today’s graphic compares the new iPad to four of its major competitors on the market.
The open data paradox
It sounds paradoxical. How can you make money based on something that you get for free? Or stranger still, how can you make money whilst at the same time giving something away for free? Yet open data – “data or content … anyone is free to use, reuse, and redistribute” – is now a route for both new and established businesses.
The modern emphasis on open data is still relatively new. In the UK it really got started in 2009 when the UK government followed the Obama administration’s establishment of data.gov with its UK counterpart, data.gov.uk. Both were driven by the same principle – if the data is made available then people will do more innovative things with it than would originally have been thought possible – and the governments were amenable to this from the perspective of enabling transparency and scrutiny, as well as a source of economic opportunity following the financial crisis. (more…)
Big agriculture companies have spent hundreds of millions of dollars on technologies to help farmers grow more at a lower cost. But as the race for dominance on the farm heats up, a number of small tech startups are launching competing products. Data gathered by sensor-packed farming machinery and deep pools of weather, seed and soil information will help farmers of the future grow bigger crops more efficiently. Today’s graphic looks at the future of farming and big data.
By Kathleen Held, Sr. Project Mgr / Producer – Data Innovation Lab, Thomson Reuters
The Knowledge Worker Innovation Event in Boston on September 16th featured KOA Labs startup founders: Andy Palmer, CEO Tamr, Adam Towvim, CEO Trust Layers and Marilyn Matz, CEO Paradigm4. This Big Data start up showcase featured lightning talks from each of these CEO innovators in the Big Data space. The CEO’s talked about the skills and choices to make in preparing for a career in Big Data. They also mentioned how important it was to work for a large trusted company like Thomson Reuters that’s rich in data, and an innovator and partner in the big data space.
This event was also the host to the first group from Mass Big Data Trek by Mass Big Data Initiative. The overall goal of the Big Data Trek program is to showcase top big data companies to the top university talent in order to increase the percentage of graduates that choose to stay in Massachusetts post-graduation to start companies or take jobs in the big data sector. You can read more about the event in the Beta Boston publication and watch the full video below:
Microsoft’s Windows operating system still runs about 90% of PCs around the world, but widespread adoption of powerful phones and tablets means it now features on only 14% of computing devices. Today’s graphic shows the current market share by operating system, with projections for this year and next.