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innovation DAILY

Here we highlight selected innovation related articles from around the world on a daily basis.  These articles related to innovation and funding for innovative companies, and best practices for innovation based economic development.

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Knowledge@Wharton: You were appointed CEO of Infosys in June 2014. Since then, how have the challenges that companies have been trying to solve through technology changed? Or are they pretty much the same that they were back then?

Vishal Sikka: They have become more intense, more accelerated and more severe. With every passing day, the rate of change gets faster. The impact of Moore’s Law (the idea that computing power doubles every two years) becomes more pronounced. … Not only the famous Moore’s Law but all the variations of it, in all the different parts of the industry. The advance of automation and digitization across the world have become more severe, more intense. The need for computing and computing awareness has become more intense everywhere.

 

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Knowledge@Wharton: I guess I have to start with title because that’s what draws people in right off the bat.

Leonard Sherman: Well, it was never supposed to be the title. It was a working title and it comes from a metaphor I’ve used in my class over the years. When we got near publication my publisher said, “We love the title.” I said, “No, no, no, I’m going to give it some boring, serious, business kind of title.” And they said, “No, we think this is the one and you should do it.”

Image: http://knowledge.wharton.upenn.edu

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question

On February 3 President Trump issued an executive order directing the Treasury Department to conduct a sweeping review of financial regulation, including Dodd-Frank, the financial reform bill passed, in 2010, as part of the Obama administration’s response to the 2008 financial crisis and subsequent recession.

“We expect to be cutting a lot of Dodd-Frank,” the president said, “because, frankly, I have so many people, friends of mine that had nice businesses, they can’t borrow money.”

 

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Workplace Team Business Meeting Business People

We all know there’s a price to pay for a making bad first impression: A limp handshake conveys low confidence; a wrinkled suit makes you seem lazy; oversharing comes across as emotional instability. But do you ever think about the first impression your meetings make? Frequently restarting meetings for stragglers sends the message that participants have more control than you do. Issues opened for discussion with no clear purpose get hijacked by participants with a clearer agenda than yours. Monologues validate everyone’s fears that your meeting is going to be about as valuable (and as scintillating) as watching an hour of C-SPAN.

 

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Mark Suster

There are so many moments from the Upfront Summit that I want to share with you — it just takes time to watch through all the videos, do write ups and still do my day job. One of the most exciting thinkers at Summit was Rebecca Kantar, the founder of Imbellus. I was excited to see her perform on stage because I’ve long been telling people how crazy smart, ambitious and talented she is but I was excited for people to hear for themselves.

 

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teatime

You don't have to be English to know about "teatime" — though you might have to be to know the details of the institution. Afternoon tea goes by a few names, including "low tea" for the low chairs and tables, "little tea" or even "handed tea" for the way the cups are handed around. Confusingly, it evolved around the same time as another, entirely separate occasion during which tea was consumed with food during the afternoon: "high tea" (which was also called "great tea" or "meat tea"). People did drink tea in the afternoon before "teatime" became a ritual, but it wasn't until the Victorian era that it really crystallized as a specific event. Pause Mute Current Time 0:01 / Duration Time 0:59 Loaded: 0%Progress: 0%   Share Fullscreen

Why Is 'Teatime' in the Afternoon? People did drink tea in the afternoon before "teatime" became a ritual, but it wasn't until the Victorian era that it really crystallized as a specific event.

 

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work at home

Just because you can work from home doesn’t always mean you should. Let’s be honest, working from home has been romanticized into the solve-all solution for anyone facing employment troubles or childcare woes. It isn’t always the right fit. It definitely takes the right situation and the right person to be able to pull it off successfully. So if you are asking yourself the "Should I Work From Home?

” question, consider these 10 reasons you should NOT before making a final decision.

 

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Robot Cyborg Futuristic Machine Robotic

This year we celebrated 60 years of Artificial Intelligence, although there were many individual discoveries and prototypes conducted before 1956, such as the work of von Berthalanfy, Alan Turing (from 1936), artificial neural networks (Warren McCulloch’s and Walter Pitts 1943), Norbert Wiener’s cybernetics (1948) and many others. We are now in what many call the Third Wave of AI – but what were the earlier stages?

 

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Can tilapia skin be used to bandage burns

FORTALEZA, Brazil — In this historic city by the sea in northeast Brazil, burn patients look as if they’ve emerged from the waves. They are covered in fish skin — specifically strips of sterilized tilapia.

Doctors here are testing the skin of the popular fish as a bandage for second- and third-degree burns. The innovation arose from an unmet need. Animal skin has long been used in the treatment of burns in developed countries. But Brazil lacks the human skin, pig skin, and artificial alternatives that are widely available in the US.

Image: https://www.statnews.com (From Video)

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SSTI

State and local governments invested $3.8 billion in R&D at institutions of higher education in FY 2015, with the top ten states accounting for $2.3 billion – roughly 59.4 percent of overall spending, according to an SSTI analysis of NSF data. From FY 2011 to FY 2015, total spending remained relatively unchanged (0.1 percent decrease). Over that same period, colleges and universities in 25 states reported increased expenditures from state governments, while 25 and the District of Columbia reported declines. This edition of Useful Stats examines how institutions of higher education report changing state and local investments in R&D.

 

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As we start to 3D-print everything — including houses, of all things — it's pretty impressive that a company built one in just 24 hours.

Located in Russia, this 400-square-foot home (37 square meters) was built in just a day, at a cost of just over $10,000.

3D-printing company Apis Cor built the house using a mobile printer on-site.

Image: http://mashable.com

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moon

SpaceX will fly two private citizens on a trip around the moon in 2018, the company's founder Elon Musk announced Monday (Feb. 27). The private spaceflight company will use its Falcon Heavy rocket to send the two paying passengers into space aboard one of the company's Dragon spacecraft. The two private citizens, who have not yet been named, approached SpaceX about taking a trip around the moon, and have "already paid a significant deposit" for the cost of the mission, according to a statement from the company.

 

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C programiing language

Early in his career, Neil Lustig faced a choice: continue his fast ascent as one of IBM’s most promising engineers in a satellite office or take an entry-level sales position in its larger New York City location. His boss told him the move would end his career, within the company and industry. But his mentor argued the opposite. He said he’d hit a ceiling without exposure to both the technical and commercial sides of the business — and that he’d never lead without experiencing all the moving parts. The mentor, once a former engineer, oversaw a team of 7,000 people at the time.

 

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Robot racing series Roborace finally pulled the wraps off its first real self-driving racecar. The British company behind the series showed off the “Robocar” for the first time ever in public during a press conference at Mobile World Congress today.

The cars of Roborace — the early design of which was revealed one year ago — were designed by Daniel Simon, the man behind the light cycles in Tron: Legacy. “I’ve worked on a lot of cool stuff — Tron, Bugatti, Star Wars — but this takes the cake,” Simon said on stage.

 

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Looking For A Job Work Silhouettes Man Employees

The hiring process can be arduous and costly if organizations make poor hiring decisions.

While companies often learn how to recognize talent, it's nearly impossible to maintain a flawless hiring record. Some companies, however, get pretty close.

Gallup clients that have reached this level of success in hiring follow a similar pattern: They assess people using objective criteria and develop systems to suit their needs. In fact, Gallup meta-analyses suggest that when companies select the top 20% of candidates from talent-based assessments, they achieve, on average, a 30% increase in profitability and a 20% increase in sales, as well as decreases in turnover and unscheduled absences.

 

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Binary Code Privacy Policy Woman Face View

Companies need to increase revenues, lower costs, and delight customers. Doing that requires reinventing the operating model.

Companies know where they want to go. They want to be more agile, quicker to react, and more effective. They want to deliver great customer experiences, take advantage of new technologies to cut costs, improve quality and transparency, and build value.

 

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boardroom

The New York Stock Exchange requires that the boards of all publicly traded corporations conduct a self-evaluation at least annually to determine whether they are functioning effectively. The purpose of the exercise is to ensure that boards are staffed and led appropriately, that board members are effective in fulfilling their obligations, and that reliable processes are in place to satisfy important oversight requirements.

 

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Binary Code Man Display Dummy Face View

Digital technology, despite its seeming ubiquity, has only begun to penetrate industries. As it continues its advance, the implications for revenues, profits, and opportunities will be dramatic.

As new markets emerge, profit pools shift, and digital technologies pervade more of everyday life, it’s easy to assume that the economy’s digitization is already far advanced. According to our latest research, however, the forces of digital have yet to become fully mainstream.

 

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nist logo

Republicans on the House Science Committee forwarded legislation Wednesday that would vastly increase the operational responsibilities of the government’s cybersecurity standards agency and task that body with auditing other federal agencies’ cyber protections.

The NIST Cybersecurity Framework, Assessment and Auditing Act passed the committee, 19-14, over the objection of most Democrats who argued the bill was outside the expertise of the National Institute of Standards and Technology, which views its role as advisory and does not customarily conduct audits.

 

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Hand Phone Cellphone Smart Phone Cell Phone

Your best friend’s birthday? Check Facebook. Directions? Fire up Waze. Want to tip 20%? Open your calculator app. Your smartphone makes these tasks and a zillion others nearly effortless. But more and more research suggests that this digitally lightened mental workload may be coming at a cost.

Relying on your phone or the Internet to lighten your mental workload is a lot like relying on a car—rather than your legs—to get you places, the latest research suggests. Driving is faster and easier than walking. But sitting in a car does your body little good. Likewise, media multitasking may be the cognitive equivalent of too much sedentary time.

 

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