The financial technology (fintech) industry is thriving globally and received $17.4 billion in investment last year alone. According to EY's Fintech Adoption Index, a third of consumers worldwide are using two or more fintech services, with 84 percent of customers saying they are aware of fintech (up 22 percent from the previous year).
The US Senate today announced it had reached an agreement internally concerning self-driving car technology. The Senate is expected to pass legislation on October 4th that would clear regulations and restrictions for manufacturers, in essence providing a clear path to putting driverless cars on the road.
The tech industry has been shifting jobs overseas for decades, and other big American companies like Oracle and Dell also employ a majority of their workers outside the United States. But IBM is unusual because it employs more people in a single foreign country than it does at home. The company's employment in India has nearly doubled since 2007, even as its work force in the United States has shrunk through waves of layoffs and buyouts.
Science and technology (S&T)have a pervasive influence over a wide range of issues confronting the nation. Public and private research and development spur scientific and technological advancement. Such advances can drive economic growth, help address national priorities, and improve health and quality of life. The constantly changing nature and ubiquity of science and technology frequently create public policy issues of congressional interest.
The Department of Energy's (DOE’s) scientific and technical capabilities are rooted in its system of National Laboratories—17 world-class institutions that constitute the most comprehensive research and development network of its kind. The first Annual Report on the State of the DOE National Laboratories describes the DOE National Laboratory System, its role in advancing the frontiers of science and technology, and efforts to ensure it continues as a national resource for the Department’s near- and long-term missions.
When complete, Aquila will be able to circle a region up to 60 miles in diameter, beaming internet connectivity down from an altitude of more than 60,000 feet to people within a 60-mile communications diameter for up to 90 days at a time. It will be part of a future fleet of drones.
The United States, Singapore, Finland, the Netherlands, Sweden, Switzerland and Israel were among the top countries when it comes to adopting and adapting to new technologies, according to the Global Information Technology Report 2016 from the World Economic Forum. The Global Information Technology Report measures countries' success in “creating the conditions necessary for a transition to a digitalized economy and society,” according to WEF.
So why have we not seen the strong productivity growth we need? As explained in the recent ITIF e-book Think Like an Enterprise: Why Nations Need Comprehensive Productivity Strategies, there is solid research suggesting that the slowdown is not a cyclical phenomenon, nor is it because we are measuring output incorrectly.
In this week's address, the President discussed his upcoming visit to the South by Southwest festival in Austin, Texas, where he will participate in a conversation about civic engagement in the 21st century and how we can use technology to tackle our toughest challenges.
Competition among businesses for top IT talent today makes it critical for managers to rethink their recruitment and retention methods. Speeding up hiring times, training from within, filling skills gaps with project professionals and offering attractive compensation can help you hire – and keep – the best and brightest for your organization.