Skip directly to content

Information technology

Apple will open two research facilities in China

Apple announced it will open a second research facility in China next year at the manufacturing hub of Shenzhen, a month after it stated it will open its first research and development center in Beijing. Both centers will allow the company to collaborate more strongly with local partners to support and develop talent in the country. Apple plans to spend $45 million in its Beijing center which will be staffed by 500 employees. Analysts have said that the center will help the company understand the Chinese market and maintain good relations with the Chinese government.

Key Takeaway: 

Apple will open two new research and development centers in Bejing and Shenzhen, China, which will allow it to work more closely with manufacturing partners and local universities.

Publication: 
Publication Date: 
October 12, 2016

Facebook's new Workplace will compete with Slack

Facebook launched an online platform called Workplace for enterprise communication and collaboration, competing with other services in the market such as Slack and corporate social networking sites from Microsoft, IBM, Salesforce and Oracle. The social media giant believes Workplace can soon replace internal e-mails, mailing lists and newsletters. The platform, which is still on beta, is ad-free and has been tested already by more than 1,000 businesses and organizations over the last year, including Oxfam, Columbia Sportswear and Booking.com. Some beta clients say the familiar interface is helpful, while others say it can break silos in their organizations and increase engagement. Workplace is cheaper than Slack's paid service, at $3 per user for the first thousand employees, $2 for the next 9,000 and $1 for every person after.

Key Takeaway: 

Facebook has created a new online social networking site called Workplace for the enterprise, which the company says it hopes to replace traditional communication systems; the service will compete with messaging app Slack. 

Market Disruptions: 
Publication Date: 
October 11, 2016

Amazon plans to open convenience stores and grocery drive-in centers

The Wall Street Journal reports Amazon may be planning to open small convenience stores that will sell consumer staples such as milk, produce and meat. It will also build drive-in stores that will serve as pick-up centers for customers who ordered groceries online. The retail stores will only be available to Fresh subscribers, said the report. By doing so, Amazon is competing head-to-head with Kroger, which is the largest operator of traditional supermarkets, and other food retailers. Geekwire reports Amazon may be building a drive-in store in Seattle. The concept may be the same with Kroger's ClickList online ordering and pick-up service which the company launched last year.

Key Takeaway: 

According to The Wall Street Journal, Amazon is planning to build small convenience stores and drive-in centers for groceries which will be open only to its Fresh subscribers; the stores will compete with Kroger's service called ClickList as well as other traditional food retailers like Wal-Mart.

Accelerators: 
Market Disruptions: 
Publication: 
Publication Date: 
October 11, 2016

Samsung cancels production of the Note 7

Samsung has officially ended the production and sale of the Note 7 over concerns that the phones overheat and catch fire after the replacement phones it sent out encountered the same kind of problem. The company has already asked customers to stop using their Note 7 devices. This decision will cost Samsung billions of dollars in lost sales. The US Consumer Products Safety Commission, Federal Aviation Administration and major airlines in the world have also asked users to stop using their Note 7s. Aside from the negative publicity and loss of brand trust, longer term issues arise like whether there should be more product testing and safety procedures in place before a product is announced or released, and whether other products will encounter the same problem as the Note 7 phones.

Key Takeaway: 

After its replacement phones encountered similar issues of overheating and catching fire, Samsung has decided to stop producing and selling Note 7 devices, which can cost the company billions of dollars.

Publication: 
Publication Date: 
October 11, 2016

India calls on tech sector to innovate on its tax system

The government of India is tapping the private sector to aid in tax reform initiatives and build more efficient tax management systems. It is looking into technology to support its plan of simplifying the country's tax rules and applying a single tax rate for all goods and services, which include national, state and inter-state taxes. It recently awarded a $207 million contract to Infosys to develop the underlying infrastructure of the tax network in a span of five years. Large software companies Tally and SAP are also involved in developing tech solutions using the government's tax-related APIs, while some startups are focusing on cloud solutions to help people file their taxes.

Key Takeaway: 

India's government plans to leverage technology-enabled solutions to reform its tax system; it is collaborating with the private sector, especially startups, to make filing, monitoring and paying taxes in the country as efficient as possible.

Market Disruptions: 
Publication: 
Publication Date: 
October 10, 2016

Pages