When we think disruption, companies like Uber and Airbnb come to mind. But, when we look at software and hardware, HITENDRA NAIK of Intel, believes that any company, big or small can play its roll in changing the markets operate.
When we speak about disruption, we often default to unicorn companies like Uber and Airbnb, which shook up the global taxi and hotel industries, respectively. But with the democratisation of software and hardware, the reality is that anyone can start a business these days and the biggest disruptors and innovators can come from emerging markets and not just the US and Silicon Valley.
Innovations South Africa’s Giraffe and MyQ from Nigeria have set out to solve real and local challenges, such as unemployment and transportation industry management, respectively. Developers and makers in these and other emerging markets have shown that the game-changers don’t have to be the Ubers of the world but can be the two-man startup that’s making a tangible difference in the lives of thousands.
Innovation moves into hardware space
Until now, global innovation has primarily been in the software space. The adage ‘there’s an app for that’ is testament to the fact that, whatever problem you have, there’s likely an app that attempts to solve it. This is only possible because the democratisation and accessibility of software development tools has enabled anyone with a computer, an Internet connection and some knowledge of coding to do pretty much anything.
But with 1,300 apps being added to app stores every day, we’re seeing an evolution in disruption away from only software to how applications can be linked to hardware, cloud computing, the Internet of Things (IoT) and analytics to leapfrog infrastructure gaps and to understand and even pre-empt what people want.
It’s now easier than ever to innovate in this space. The democratisation of hardware and compute platforms like Intel’s Edison, Joule and RealSense platforms, as well as its software and cloud analytics platforms, coupled with easier access to funding through crowdsourcing options like Kickstarter, has created a low barrier to entry and has opened up the market to anyone with an idea, to build a business with lower barriers to entry.
Cloud services have also been democratised and, in the future, technologies like artificial intelligence will be, too.
Developers and makers will innovate and build on computer platforms and link any device to data in order to address societal problems that many thought were unsolvable. Think smart cities that can communicate to authorities exactly where water leaks are; health systems that can predict an epidemic long before it becomes a threat; and connected buildings that, when on fire, can help emergency personnel save more lives.
The startups of today will enable the next-generation governments of the future who will harness modern technology for societal transformation that will change the way we live and work to deliver new experiences that fuel GDP growth and create jobs.
Creating a sustainable ecosystem
But with a failure rate of 50% within the first four years, startups need to be enabled through partnerships, incubator hubs, technology and business support to help the public and private sectors reach this level of digital transformation.
Governments in emerging markets have modelled local startup hubs on those seen in Silicon Valley and other developed markets after realising the potential they have for innovation and job creation.
But we need to do more to help these small businesses succeed.
At the public sector level, startups are already benefiting from tax incentives, which allow them to invest more money into their businesses during the crucial first few years. Partnerships with universities will give startups access to a pool of people who are educated in science and technology and can help them to scale their ideas.
The private sector also has a role to play in terms of creating opportunities for startups to showcase their ideas, connect with other startups, and network with investors. Events like Seedstars World and Demo Africa not only help to discover the best startups but through challenges like the Intel Solutions Challenge, startups in the cloud, IoT and analytics space also gain exposure to potential financiers as well as mentors in all areas of business support to give them a better chance of success. Winners of the challenge also get the opportunity to pitch their ideas to a wider support ecosystem of potential investors and partners to ensure their business is not only successful but also sustainable.
Now that everything is democratised, the Ubers and Airbnbs of the world don’t need to come out of the US – there certainly isn’t a monopoly on great ideas in developed markets. World-changing innovation is taking place at the grassroots level in emerging markets and I believe that the next big global company will come from one of these regions. But we need to make it easier for startups to survive, to access funding and to create an environment and culture that is conducive to sustainability. It starts with getting them the exposure they need and cutting the red tape that is contributing to the high failure rate.
* Hitendra Naik, Director of Innovation, Middle East, Turkey & Africa at Intel.
Password managers don’t protect you from hackers
Using a password manager to protect yourself online? Research reveals serious weaknesses…
Top password manager products have fundamental flaws that expose the data they are designed to protect, rendering them no more secure than saving passwords in a text file, according to a new study by researchers at Independent Security Evaluators (ISE).
“100 percent of the products that ISE analyzed failed to provide the security to safeguard a user’s passwords as advertised,” says ISE CEO Stephen Bono. “Although password managers provide some utility for storing login/passwords and limit password reuse, these applications are a vulnerable target for the mass collection of this data through malicious hacking campaigns.”
In the new report titled “Under the Hood of Secrets Management,” ISE researchers revealed serious weaknesses with top password managers: 1Password, Dashlane, KeePass and LastPass. ISE examined the underlying functionality of these products on Windows 10 to understand how users’ secrets are stored even when the password manager is locked. More than 60 million individuals 93,000 businesses worldwide rely on password managers. Click here for a copy of the report.
Password managers are marketed as a solution to eliminate the security risks of storing passwords or secrets for applications and browsers in plain text documents. Having previously examined these and other password managers, ISE researchers expected an improved level of security standards preventing malicious credential extraction. Instead ISE found just the opposite.
Click here to read the findings from the report.
MWC: Next generation of inflight connectivity to be unveiled
Next week at Mobile World Congress, the Seamless Air Alliance will reveal progress on its mission towards enabling the next generation of inflight connectivity. This follows a significant start for the Alliance, which has seen membership increase five-fold since the first meeting in June of last year. The Alliance has a new research laboratory setup and continues progress through its three working groups, writing specifications for the technology, requirements, and operations.
These developments represent a huge leap towards the goal of making connectivity as easy and enjoyable in the skies as it is on the ground. Appearing as part of the Airbus stand (Hall 6, stand 6G34), the Seamless Air Alliance will reveal specification topics that have been completed and published to its membership.
“The passenger experience with inflight connectivity remains one of the great technology challenges. From Day One we have been determined to deliver on our mission to bring industries and technologies together to make the inflight internet experience simple to access and a delight to use,” said the Alliance’s Chief Executive Officer, Jack Mandala.
“I have been tremendously encouraged by the enthusiastic and committed response we have seen and the widening areas of expertise we can call upon as more and more companies and organisations continue to join us,” he added.
Announced during MWC 2018, the Seamless Air Alliance has since grown to twenty-three membercompanies with more than one-hundred key personnel from across the membership participating in its three working groups, with numbers continuing to increase.
The Seamless Air Alliance was created by founding members Airbus, Airtel, Delta Air Lines, OneWeb and Sprint, and quickly joined by Air France KLM, Aeromexico, and GOL Linhas Aereas Inteligentes and global technology leaders including Astronics, Collins Aerospace, Comtech, Cyient, iDirect, Inmarsat, Intelsat, Latecoere, Nokia, and Panasonic.
Today, the Alliance is pleased to announce five additional new members: Adaptive Channel, Etihad Airways, GlobalReach Technology, Safran, and SITAONAIR.
“We are extremely pleased to have these companies join and be a part of the companies driving the next generation of connectivity.” said Mr Mandala.
The Seamless Air Alliance will enable travelers boarding any flight, on any airline, anywhere in the world, to use their own devices to automatically connect to the Internet with no complicated login process nor paywall to scramble over.
The Alliance is also announcing the release of a new research study on the economic benefit of standardization on the inflight connectivity market at Mobile World Congress. This report is available for download at https://www.seamlessalliance.com/publications/
The Alliance is moving rapidly towards an expected demonstration of the technology later in 2019 and anticipates massive interest in Barcelona from the whole communications eco-system.