The Internet of Things (IoT) includes any form of technology that can connect to the internet: smartphones, TVs, various sensors, robots, fitness and medical equipment, ATMs, wearables, and much more than this. Just imagine, lawn sensors that tell a sprinkler when a lawn needs to be watered and how much water is needed based on moisture levels; running shoes that clock your pace ─ and notify you when you’ve run so much that it’s time to replace your shoes; and refrigerators that let you know when food products are reaching their expiration date.
The size of the internet of things’ market is immense. According to research firm IDC, the global market was already worth $1.9 trillion last year. And this numbers will grow greatly in the coming years.
Networking and cloud computing are the key factors that make the IoT possible and help to create a special IoT ecosystem. In fact, with so much data flowing in from potentially millions of different connected objects, the cloud is likely the only platform suitable for filtering, analyzing, storing and accessing all that information in useful ways. Cloud is accessible from anywhere and from any device. So ,the more devices are connected, the greater the use of public cloud services will be.
Here are some thoughts in which direction the cloud will be developing next years:
Special-purpose clouds may appear that will focus specifically on connecting devices and machines. So in the coming years, we’ll see increased focus on the software and especially the cloud services to make all sensors connect, process immense volume of data received from the devices, strong analytical tools and systems that generate insights and enable business improvements.
Also we should not forget about information security, privacy and protection. Most consumer IoT services rely on the public cloud as a key enabling technology, where the security of the data cannot be guaranteed. People will resist the ubiquitous free flow of information if there is no public confidence that it will not cause serious threats to privacy. In the next years we may see the rise of new tools that will prevent information leakage and will provide security to consumers` information in the cloud.
Just a couple years ago cloud computing was just a buzz word and now it plays an important role in the IT world. Nevertheless the IoT global market is still at its infancy, it`s highly probable that in a couple of years IoT will become inseparable part of our lives. It will dramatically change the way we live our daily lives and what information is stored about us. How do you believe the cloud might evolve as the IOT does?
Scandinavian Startups. How to accelerate locally & internationally: STING Accelerate, Startupbootcamp, Seedcamp, Le Camping, Y Combinator, Techstars
Posted March 19, 2015on:
It’s easier to start a new business with the support of experienced mentors and investment from their funds. To get assistance here start-ups can apply for time-limited programs of support from accelerators, and if win they usually get the conditions which allow creating a project that can enter the market and obtain investment. The budding entrepreneurs are provided with office, mentors and a small investment during 3-6 months.
At Altabel Group being focused on working with the Scandinavian companies, including start-ups, we’ve noticed that recently there has been increased interest and efforts to creating efficient environment and conditions for start-ups development. Local accelerators as one of the prerequisites for this are perhaps not so much mature as global leaders like Seedcamp, Y Combinator, Techstars, etc, still are worth considering since they focus on Nordic companies. To name a few: STING Accelerate, Startupbootcamp, which are rather large and well-know, and Startup Sauna, Nestholma Accelerator, that are smaller. Let’s talk about them a little bit more.
STING Accelerate (www.stockholminnovation.com)
Where: Stockholm, Sweden
Acceptance of applications: twice a year, 7-8 startups are selected in each session
Duration: 4 months
Statistics: over 200 startups funded, 45,000,000 SEK in total exits, over 535,000,000 SEK in total funding raised
Conditions of participation: investment of 250,000 SEK (roughly 29,600 USD) comes in the form of a convertible note that can be repaid in three years with 6% interest or converted into equity when the startup can issue shares valued at least 1 million SEK to new investors.
Founded in 2002, STING coaches Stockholm startups dealing with internet, media, cleantech and life sciences. It evaluates about 150 to 200 projects annually, but accepts about 20 to participate in its programs such as STING Accelerate and STING Excelerate, which is a less intensive acceleration program. STING Excelerate provides startups with a personal business coach who visits the company at least a half a day per week for 6-18 months to help the company grow.
The received investment at STING Accelerate will help startups to focus more on developing their product and less on raising funds. The program runs in the center of Stockholm at the co-working space SUP46, and selected companies are offered free office space there throughout the program.
Before STING used to accept only Swedish startups, but now it accepts international startups and offer housing in apartments (at self-cost).
Where: Copenhagen (Denmark) and others (Istanbul (Turkey), Haifa (Israel), London (UK), Amsterdam, Eindhoven (Netherlands), Berlin (Germany))
Acceptance of applications: several times during the year, 10 startup are selected
Duration: 3 months
Statistics: 9 accelerator programs, 130 companies funded, 2 exits, 20,209,661 USD in total funding raised
Conditions of participation: 15,000 EUR in financing for 8% equity.
Founded in 2010, Startupbootcamp created an international network from eight accelerators. Accelerator selects projects from different countries; startups should be able to move to one of the cities of the program. Each startup team will receive 15,000 EUR and other benefits in the amount of 450,000 EUR. Mentors and experts will work with projects during 3 months. In the end startups will be able to present themselves to funds and business angels.
Some programs accept applications from startups of any fields, the others – just from certain areas: media, transport, energy and others. Startupbootcamp accepts applications from startup teams and individual entrepreneurs as well.
In case you didn’t manage to meet deadlines in your home country in Scandinavia, or accelerators abroad seem to be more attractive and suitable for your startup idea, you are welcome to search for international accelerators across Europe or America for funding your startup business. There are few programs, which Altabel considers to be the most interesting ones on the international scene.
Where: London (United Kingdom)
Acceptance of applications: monthly, 2-3 startups are chosen
Duration: 1 week
Statistics: 118 startups funded, 7 exits, 17,000,000 USD in total exits, 131,189,940 USD in total funding raised
Conditions of participation: 50,000 EUR in financing for 8-10% equity.
The largest accelerator in Europe founded in 2007 in London by famous venture capitalist Reshma Sohoni with the support of the British venture capital funds. The company’s portfolio consists of more than a hundred startups from European countries.
Twenty selected startup teams undergo an extensive training during the week, and then present their ideas to investors. Two or three startups receive funding afterwards. In addition to investments in the amount of 50,000 EUR, startups receive a number of possibilities. They can attend a course Seedcamp Academy, during which they are expected to learn a successful way of bringing the project to the market. In addition, teams will be given the opportunity to work in the London office of Google Campus and visit the United States in the educational tour.
Le Camping (www.lecamping.org)
Where: Paris, France
Acceptance of applications: once a year, 12 startups are selected
Duration: 6 months
Statistics: 48 startups funded, 2 exits, 10,000,000 USD in total exits, 9,955,000 USD in total funding raised
Conditions of participation: up to 20,000 EUR in financing for 3% equity, 1,000 EUR – grant for international startups.
Le Camping is a program launched by Silicon Sentier, a well-known organization that brings together innovative companies and entrepreneurs in the web and mobility space. Open to all types of entrepreneurs: entrepreneurs, intrapreneurs, non-profits; early-stage startups; international teams and exchange programs; late-stage startups. The Accelerator offers 6-month program with an acceleration phase followed by a special growth phase. 140 mentors will come together to support, advise, critique and ultimately position the startups to write their own success story.
The 12 selected startups will enter an intensive program in Numa – Parisian web entrepreneurship eco-system. 3 months of acceleration are given to go from an idea to demo, then 1 month to meet investors all around Europe. On a Demo Day, at the end of the first 3 months the startup teams will meet around 500 international investors. A financial grant offered by its partners 4,500 EUR is provided to each team participating in Le Camping, without any equity engagement in the startups.
Y Combinator (www.ycombinator.com)
Where: Mountain View, CA, USA
Acceptance of applications: twice a year, spring and autumn, 68 startups are selected in each session
Duration: 3 months: January- May, July-August
Statistics: 747 startups funded, 89 exits, 2,283,808,100 USD in total exits, 4,042,698,709 USD in total funding raised
Conditions of participation: 120,000 USD in financing for 7% equity.
The first accelerator in the USA, founded in 2005 by entrepreneur Paul Graham. During its existence Y Combinator has funded more than 700 startups. According to the founder’s comment, the average estimation of these startups is 22.4 million USD. Scribd, Dropbox and Airbnb – the largest and the most successful companies in Y Combinator’ portfolio.
Selected startup’ teams are invited to Silicon Valley for three months. The program consists of weekly lunches with experts, investors and other entrepreneurs. The course ends with Demo Day, where startups show their results.
Where: New York, Austin, Boston, Chicago, Seattle, Boulder (USA), London (UK)
Acceptance of applications: once a year, 10 startups are selected in the chosen city
Duration: 3,5 months
Statistics: 19 accelerator programs, 502 companies funded, 44 exits, 176,000,000 USD in total exits, 1,148,300,000 USD in total funding raised
Conditions of participation: 18,000 USD in financing for 6% equity and also an opportunity to get a convertible loan in the amount of 51,000 – 100,000 USD.
Founded in 2007 by investors David Cohen and Brad Feld, Techstarts is considered to be the second popular after Y Combinator. Accepts applications from early-stage and late-stage startup’ teams consisting of at least two people. A team of experts works with startups for 3,5 months, and then Demo Day is arranged. The accelerator offers a space for work in each city, as well as additional services necessary for the operation of the company at the initial stage.
Choosing an accelerator depends entirely on your business needs and what you want out of the experience. Some accelerators have themes or focus on certain business sectors such as education, healthcare, or finance. Some are harder to get into as the most popular accelerators are bombarded with applications, making it difficult to get noticed in a sea of startups.
Is anybody planning to apply for one of the programs mentioned above? Have you/your company been through an accelerator? What advice would you give founders who are considering applying to one? That would be interesting to read the comments about real experience from participants, feel free to share your ideas about it.
Microsoft Azure (called Windows Azure before 25 March 2014) is a cloud computing platform and infrastructure, created by Microsoft, for building, deploying and managing applications and services through a global network of Microsoft-managed data centers. It is a growing collection of integrated services – compute, storage, data, networking and app.
It provides both PaaS and IaaS services, which for the general public means a powerful combination of managed and unmanaged services. These services let you build, deploy and manage applications any way you like. Its hybrid cloud solution allows you to store data, backup, recover and build applications in your data center and the public cloud.
With cloud and hybrid services expected to reach US$108 billion by 2017, demand for Microsoft’s cloud products including Microsoft Azure is booming. For now:
- 57% of Fortune 500 companies are using Microsoft Azure
- It welcomes 1,000 new customers per day
- Currently 1.2 million businesses and organizations use Microsoft Azure Active Directory
- Microsoft Azure gains two times the compute and storage capacity every 6-9 months
What benefits do companies gain from using Microsoft Azure?
Using a cloud computing platform service like Microsoft Azure provides companies with a number of benefits apart from premium storage space and high-performance. The business benefits include:
- Efficiency – Azure Solutions and Services are known for delivering better-quality products as well as high operational efficiency because of reduced capital costs. Customers and partners can truly realize a huge reduction in total cost of operations and reduced workloads in a small time period.
- Increased scalability to match demand – as your customer base grows and the usage of your application increases you can just add additional capacity to make sure your application is running smoothly. You don’t have to worry about running out of server capacity.
- More flexibility and creativity – applications can very quickly be deployed to the Microsoft Azure platform which means that changes can be applied without any downtime. This makes it an ideal platform for your developers to add functionality to your application.
- Agility – developers would find a host of development tools to take benefit, including automated service management and improved data center presence internationally to reply faster to diverse customer needs.
- Simplicity – Azure makes use of prevailing development skills in familiar languages such as .Net and even open source languages like Java and PHP to produce and manage applications and services.
- Trustworthiness – Windows Azure delivers enterprise-class service with consistent service level agreements based on Microsoft’s unbelievable service experience.
Among Azure customers are such companies as HEINEKEN, GE Healthcare, Temenos, Zespri International, 3M, Skanska USA, Xerox, Diebold which speaks for itself :)
What position does Microsoft Azure takes up in public cloud?
According to Rightscale releases 2015 state of the cloud report Azure is progressing among enterprises, while Amazon Web Services (AWS) continues to dominate in public cloud with 57 percent of technical professionals saying that they run applications on AWS. That’s up from 54 percent a year earlier.
By comparison, Microsoft Azure’s cloud platform and infrastructure posted a combined score of 19 percent. But Microsoft is making gains, posting a 6 point jump in the number of tech professionals using its cloud infrastructure.
Google’s Cloud Platform offerings came in behind Azure, with 8 percent of survey respondents using Google App Engine, and only 5 percent using Google’s infrastructure products.
Microsoft has put huge amount of work towards marketing Azure to large enterprises, so it’s not surprising to see that large businesses are Microsoft’s core customers. There’s also room for that business to grow: a majority of enterprise users responding to the survey said that less than 20 percent of their company’s app portfolio is in the cloud.
What do you think of Microsoft Azure? What future do you predict for it? Thank you for sharing your thoughts :)
The use of health apps has skyrocketed in 2014. Flurry, a mobile analytics company, has followed over 6,800 health and fitness-related apps, and sees a growth of 62% based on measurements of the number of times the app is opened and used. Overall growth rate apps otherwise is 33%.
By 2017 the app market is predicted to reach 26 billion users. Among its key drivers is the world’s aging population with its increasing need for medical care. In the United States alone, Tighe notes, almost 20 percent of Americans will be older than 65 by 2030, making them more vulnerable to Alzheimer’s, cardiovascular disease, and other age-associated conditions. This changing landscape is forcing to create new ways to monitor people health and provide assistance with making health wise choices. And here mobile medical apps have already proved efficient and thus are gaining more and more popularity.
This boom has been also supported by most global IT corporations such as Google, Apple, Microsoft and Facebook. So here are some recent actions in that area showing that these companies treat this market segment really seriously:
- Google recently launched Google Fit and directed towards more consumers within training and nutrition.
- Apple has partnered with the company Epic. Since Epic handles over 51% of the medical records in the US, it gives Apple a very solid position in healthcare sector. Apple has, in iOS8, also included a personal health platform, HealthKit, which integrates other applications and gathers information for the user will appear in Apple Health app.
- Microsoft invests in a separate solution and will with Microsoft Health Vault offer a platform where people can gather, store, share and use health data online.
- Facebook has integrated MapMyFitness so friends can cheer on each other, share results and compete against each other. This has also contributed to the large increase in the use of health and Fitness app, where distribution is large via the social networking channel.
There is even an opinion that the increased use of health and fitness apps will destroy the market for wearables. It’s hard for them to compete with mobile apps, as the number of smartphone users is really big. So when the software is already integrated into smartphones they automatically become efficient devices for collecting health data. To put it short, the benefits of using mobile apps to wearable medical-devices include 1/ cost savings because there is no need to develop a completely new device, 2/ enhancing existing platforms by adding more sophisticated sensing and data capabilities, 3/ using an interface that consumers know well and is already part of their everyday life.
Healthcare IT outsourcing
Health apps are built up not only by global IT companies, but also by healthcare providers to be used by doctors, specialists and by patients, of course. And here healthcare organizations increasingly take over the idea that IT outsourcing can help them bring their apps faster to the market while they could focus on their core activities.
This tendency has also been stimulated by changing government regulations concerning hospitals and clinics in lots of countries. And while some organizations are broadly outsourcing a mobile applications development, others are handing out the responsibility of IT management and overseeing their entire IT infrastructure.
The global healthcare IT outsourcing market is growing continuously. According to an article by Nearshore Americas, a recent study made by the Everest group states that the global healthcare IT outsourcing market is increasing at a compound annual growth rate of 12%. This gives us an insight on how much demand healthcare institutions now place on IT outsourcing services. According to TechNavio IT outsourcing in the global healthcare and life sciences sector is expected to increase at a compound annual growth rate of 8.6% through 2019.
Among the trends to watch besides going mobile, there is hosting on the cloud by health-related organizations to make their operations safer, using analytics-as-a-service technologies due to growing interest in Big Data, etc. Therefore 70% of healthcare organizations worldwide are expected to invest in consumer-facing mobile applications, wearables, remote health monitoring, and virtual care.
So the world has been ready for a while to embrace healthcare apps and demand for them is not going to slow down any time soon. Among the top medical apps they call CDC Vaccine Schedules, Family Practice Notebook, ASCVD Risk Estimator, etc.
What health-related apps have you tried and which ones do you use daily? Thank you for sharing!