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5 Ways Tech is Rewriting Society’s Rules

By |November 27th, 2016|Artificial Intelligence, News, Outside Sources*, Sample Reports, Uncategorized|

Technology is advancing so rapidly that we will experience radical changes in society not only in our lifetimes but in the coming years. We have already begun to see ways in which computing, sensors, artificial intelligence and genomics are reshaping entire industries and our daily lives. As we undergo this rapid change, many of the old assumptions that we have relied on will no longer apply. Technology is creating a new set of rules that will change our very existence.

Here are Five:

  1. Anything that can be digitized will be.
    Digitization began with words and numbers. Then we moved into games and later into rich media, such as movies, images and music. We also moved complex business functions, medical tools, industrial processes and transportation systems into the digital realm. Now, we are digitizing everything about our daily lives: our actions, words and thoughts. Inexpensive DNA sequencing and machine learning are unlocking the keys to the systems of life. Cheap, ubiquitous sensors are documenting everything we do and creating rich digital records of our entire lives.
  2. Your job has a significant chance of being eliminated.
    In every field, machines and robots are beginning to do the work of humans. We saw this first happen in the Industrial Revolution, when manual production moved into factories and many millions lost their livelihoods. New jobs were created, but it was a terrifying time, and there was a significant societal dislocation (from which the Luddite movement emerged).The movement to digitize jobs is well underway in low-salary service industries. Amazon relies on robots to do a significant chunk of its warehouse work. Safeway and Home Depot are rapidly increasing their use of self-service checkouts. Soon, self-driving cars will eliminate millions of driving jobs.

    We are also seeing law jobs disappear as computer programs specializing in discovery eliminate the needs for legions of associates to sift through paper and digital documents. Soon, automated medical diagnosis will replace doctors in fields such as radiology, dermatology, and pathology. The only refuge will be in fields that are creative in some way, such as marketing, entrepreneurship, strategy and advanced technical fields. New jobs we cannot imagine today will emerge, but they will not replace all the lost jobs. We must be ready for a world of perennially high unemployment rates. But don’t worry, because …

  3. Life will be so affordable that survival won’t necessitate having a job.
    Note how cellphone minutes are practically free and our computers have gotten cheaper and more powerful over the past decades. As technologies such as computing, sensors and solar energy advance, their costs drop. Life as we know it will become radically cheaper. We are already seeing the early signs of this: Because of the improvements in the shared-car and car-service market that apps such as Uber enable, a whole generation is growing up without the need or even the desire to own a car. Health care, food, telecommunications, electricity and computation will all grow cheaper very quickly as technology reinvents the corresponding industries.
  4. Your fate and destiny will be in your own hands as never before.
    The benefit of the plummet in the costs of living will be that the technology and tools to keep us healthy, happy, well-educated and well-informed will be cheap or free. Online learning in virtually any field is already free. Costs also are falling with mobile-based medical devices. We will be able to execute sophisticated self-diagnoses and treat a significant percentage of health problems using only a smartphone and smart distributed software.Modular and open-source kits are making DIY manufacture easier, so you can make your own products. DIYDrones.com, for example, lets anyone wanting to build a drone mix and match components and follow relatively simple instructions for building an unmanned flying device. With 3-D printers, you can create your own toys. Soon these will allow you to “print” common household goods — and even electronics. The technology driving these massive improvements in efficiency will also make mass personalization and distributed production a reality. Yes, you may have a small factory in your garage, and your neighbors may have one, too.
  5. Abundance will become a far bigger problem than poverty.
    With technology making everything cheaper and more abundant, our problems will arise from consuming too much rather than too little. This is already in evidence in some areas, especially in the developed world, where diseases of affluence — obesity, diabetes, cardiac arrest — are the biggest killers.

These plagues have quickly jumped, along with the Western diet, to the developing world as well. Human genes adapted to conditions of scarcity are woefully unprepared for conditions of a caloric cornucopia. We can expect this process only to accelerate as the falling prices of Big Macs and other products our bodies don’t need make them available to anyone.

Source: 6 Big Ways Tech Is Rewriting Society’s Rules

Augmented Reality Market Size Report, 2024

By |November 27th, 2016|Artificial Intelligence, Charts & Graphs, Market Data, Outside Sources*, REPORTS & ANALYSIS, Sample Reports, Uncategorized, Virtual Reality|

The Augmented Reality (AR) market size was USD 640.2 million in 2015. The increasing scope of applications across different industries, such as medical, retail, and automotive is expected to drive demand over the forecast period. AR technology is in the nascent stage with a huge growth potential, and has attracted large investments contributing to the industry growth.

According to the TechCrunch, “Over USD 1.1 billion has been invested in the last two months in this space. Investors are raising funds for the increasing number of startups”. For example, Magic Leap has received an investment of USD 590 million since 2014 for its head-worn device. Another technological advancement is the smart contact lens, which can automatically remove unsafe optical radiation. The smart contact lens consists of a small display that can project images into the wearer’s eye, an antenna, a camera, and motion sensors.

Recently, in 2016, Samsung has filed a patent for these lenses, which is fitted with a camera and image display in South Korea. Google is also developing glucose-sensing contact lenses that could help in detecting diabetes by continuously monitoring the glucose level. AR offers a large number of technology solutions to the retail industry, which improves interaction between retailers and customers. Emerging trends such as pop-up stores in the retail segment is anticipated to fuel growth. Gesture-based technology is an important part of pop-up stores, along with a camera and iPad catalog, as they aim at encouraging customer participation.

Furthermore, retailers willing to enter the online shopping industry find the lack of interaction with physical products as a barrier to making purchases. AR enables virtual trial rooms, which allow customers to try on products online. For example, De Beers has a tool that allows consumers to virtually try on jewelry. Thus, technological innovations related to high-end products with enhanced features are expected to offer abundant opportunities over the forecast period.

Asia Pacific Augmented Reality Market Revenue by Component, 2014 – 2024 (USD Million)

Component Insights

The AR software segment dominated the market with a revenue share of over 95% in 2014. However, the hardware segment is expected to witness a substantial growth at a CAGR of nearly 90% by 2024.

AR systems have three basic hardware components, sensors, processors, and displays. Innovations in hardware, such as the development of smart contact lens and advanced HMDs equipped with AR processors, are expected to induce substantial growth prospects for hardware equipment over the future.Display InsightsThe smart glass segment is expected to witness a significant growth on account of the increasing demand in the industrial and enterprise sectors. Advancements in smart glasses with more miniaturization, improved battery life, and better field of view may increase the segment demand.Head-mounted displays (HMDs) are expected to dominate the market accounting for over 65% of the overall revenue by 2024.

Several companies in the industry are working on developing HMDs for AR with advanced features. For instance, the modern HMDs are capable of employing sensors of six degrees of freedom that allow free head movement.Furthermore, the rising R&D activities in this segment are expected to gain momentum. For instance, the Korean Advanced Institute of Science and Technology (KAIST) has developed a high-performance HMD, which has an inbuilt augmented reality processor that would propel the demand.

Application Insights

The automotive application segment is expected to grow at a CAGR of nearly 75% from 2016 to 2024, owing to the increasing adoption of AR across the automotive industry. Several automotive companies have started employing AR into their advertising campaigns. For example, in 2008, MINI developed a print advert that uses a webcam and a desktop computer. It provides the viewers with a 3D walk-around of its new car by augmenting the print advert. Moreover, the automotive industry players are developing apps to enhance the driving experience, which is expected to be a high impact rendering driver.The industrial sector contributed around 20% of the revenue share in 2015, which is expected to witness a decent growth at a CAGR of nearly 70% for 2016 to 2024.Increasing scope of applications in complex machinery, maintenance, and assembly, is expected to augment expansion, which will result in achieving tangible profits.

Regional Insights

The Asia-Pacific augmented reality industry accounted for over 19% in 2015, growing at a CAGR of over 80% from 2016 to 2024. China is expected to drive the regional growth with the increasing investments in AR devices and software. The mobile AR market in China is driven by the proliferation of the smartphone industry.

Local vendors such as Renren, Tencent and Baidu have invested in the technology and are expected to launch nume

Source: Augmented Reality (AR) Market Size | Industry Report, 2024

10 Industries to see Disruption by Virtual Reality (Proteams)

By |November 27th, 2016|Artificial Intelligence, Uncategorized, Virtual Reality, Virtual Reality|

On the other hand, some are quite skeptic about these technologies suggesting that they will be new failures like Google Glass due to UX issues. We believe that these technologies have a huge potential for many industries despite these UX issues.

Let’s take a look at how Virtual and Augmented Reality technologies can disrupt some of the major industries.

  1. Gaming
    Gaming is entering a new era in 2016, and the gaming experience is about to change forever with Virtual Reality (VR) and Augmented Reality (AR). The expectations are huge from Facebook’s $2 billion acquisition Oculus Rift and Sony’s VR Playstation as they have already started to build their own ecosystem and app stores. While many corporations are betting on VR, Microsoft is betting on AR with Hololens. Nevertheless, time will show which technology or platform will be more popular for gaming, but it’s for sure that both VR and AR will go way beyond gaming…
  2. Entertainment
    With a VR headset, you can take a part in a movie or become a part of an audience in a live event. Imagine being a few feet away from your favorite movie, sports or rock stars.A new revolution is coming soon for the Entertainment industry with the use of VR for Movies, Porn, and Live Events such as sports or concerts. These areas of use will be the catalyst for VR technology to reach mass users outside the gaming community.
  3. Architecture & Real-estate
    Virtual modeling of new properties will be a huge value-add for architectural design and real-estate.The walk-through of a 3D model can be embedded in a website or in an app. A virtual concept will not only be used in the design process, but also for promoting a real-estate development even before the construction starts.
  4. Education
    Virtual reality and augmented reality will both add in experience-based learning, as our kids will be able to learn and practice new skills in simulated environments.Students will be able to visit historical venues, or experience great works of art from anywhere in the world. They may also interact with other students and instructors in virtual spaces.
  5. Travel, Hospitality, and Leisure
    VR enables travel, hospitality and leisure companies to offer their potential guests teleporting experiences to their destinations with the closest experience to actually being at these locations.Virtual visits before a booking will probably be available on all the hotel and travel booking sites as a cost effective -try before you buy- service. Some hotel chains are already betting on innovative customer experiences using VR with the hope of increasing motivations to travel.
  6. Military
    US Military has already been using VR for training purposes. VR & AR applications will also enable militaries to build and train on the models of target landscapes for new operations.
  7. Engineering
    The use of VR / AR technologies in engineering is currently limited to showcases in industrial events.But in the near future, these technologies might facilitate brilliant new methods for testing in Engineering.
  8. Automotive
    Potential buyers will be able to experience a car’s interior and performance during a virtual drive. VR will be a cost effective -try before you buy- service also for marketing in automotive, whereas AR may become a useful tool for services and training in automotive.
  9. Health
    VR will become an inevitable method for surgical training and also open a new era in diagnosis as doctors will be able to step inside a 3D image for diagnosing a disease. Virtual simulators in health are already being used by few innovative companies such as ImmersiveTouch and Medical Realities in surgical training, and by Psious and Bravemind for treating traumatic stress or psychological anxieties such as claustrophobia, fears related to flying or social activities like job interviews or dating.
  10. Fitness
    VR might keep you fit not only during an active gameplay but also on a VR bike at your gym.Internet cafes of the future may turn into new tech fitness centers using VR equipment.

Source: 10 industries that will be disrupted by Virtual / Augmented Reality – Proteams Blog

Epson Announces Super Ventures Support

By |May 9th, 2016|Artificial Intelligence, Uncategorized|

February 23, 2016: “The Moverio BT-300 are the lightest binocular see-though smart glasses announced to date, and are more than 20% lighter than the Moverio BT-200, setting a new standard for augmented reality smart eyewear,” said Epson in a press release on the new smart glasses.

The Moverio BT-300 features silicon-based OLED digital display technology and features a quad-core Intel Atom X5 processor, on-board sensors, a 5 megapixel front-facing camera, and runs Android 5.1. The camera and sensors “enable the Moverio BT-300 to more precisely determine the location of objects in the real world” and the Si-OLED digital display “can then seamlessly render and lock 3D content to these objects, with no display background or edges in the field of view.”
“Moverio is distinct from other smart glasses on the market where form often supersedes function, to the detriment of the product’s usability,” said Atsunari Tsuda, the GM for the new Moverio smart glasses. “Every design decision we make is driven by consideration for the product’s ultimate usage scenarios and our Si-OLED technology opens a new world for us in binocular see-though smart eyewear development.” Eric Mizufuka, Product Manager of New Ventures for Epson America, added, “The Epson Moverio BT-300 is a major leap forward in mobile AR smart eyewear, with its comfortable, lightweight form factor and amazing new display engine – and at a price comparable to smartphones.” The smart glasses will be available in late 2016 and are available for pre-order on Prelaunch.com now for $799.


Moverio smart eyewear maker Epson has become the first corporate sponsor of Super Ventures’ AR Incubator.

Super Ventures announced a first-of-its-kind incubator and investment fund dedicated to innovation and growth in augmented reality; now, Epson has announced its support. “Over the past five years, our AR partners have built thriving businesses around the Moverio platform in such fields as dentistry, remote support, manufacturing, drone piloting, and more,” said Eric Mizufuka, Product Manager of New Ventures for Epson America. “Epson has chosen to invest in the Super Ventures incubator to support the accelerating growth of the AR ecosystem.” As the first corporate sponsor of the AR Incubator, Epson will “provide pre-production versions of the Moverio product to entrepreneurs to communicate the unique benefits and technical details of the platform.”

At Mobile World Congress, Epson revealed its latest Moverio smart glasses: the Moverio BT-300. These smart glasses are the smallest and lightest from the company, which has been selling Moverio smart eyewear since 2011. The lenses have been upgraded to silicon-based OLEDs, bringing HD picture quality to the glasses, and the BT-300 features a 5-megapixel camera.

Epson Moverio BT 300

The Moverio BT-300 fits over regular glasses and is aimed at businesses and consumers. The glasses are expected to be available sometime in late 2016. The smart eyewear is available for pre-order now for $799 through Prelaunch.com, though Epson notes that this price may change. The earlier generation Moverio BT-200 is priced at $699.99, but these smart glasses are only available as a developer version.


17 IoT Companies Using Artificial Intelligence Tech

By |April 18th, 2016|Artificial Intelligence|

Funding dollars to Internet of Things startups jumped 31% in the first quarter of this year, compared to Q4’15. That was the second-highest total yet in a quarter.

As industrial and business processes are more frequently mediated by the IoT, and IoT-driven analytics solidifies as a category, startups are leveraging machine learning and deep learning to provide predictive insights based on the data collected from wearables and sensors.

Just in the last quarter, companies like Tellmeplus, Neura, and Sentenai raised funds to integrate machine learning algorithms with different IoT functions, including data collection, sorting, analyzing, insights, and automation.

“A good IoT solution gives you an extraordinarily useful view of your organization’s data; a great one allows you to build algorithms that can predict what’s next…” – Microsoft IoT blog.

We used the CB Insights Mosaic algorithm, which tracks the health of private companies, to identify some early-stage startups in the seed/angel and Series A stage with traction (Mosaic has three components, which gauge a company’s health in terms of financing, industry category, and overall momentum). The list includes startups that have raised an equity funding round after January 2014, but have not yet raised a Series B.

The companies are working on applications ranging from remote patient monitoring to smart