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Showing posts from September, 2019

The "Internet of things"

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The "Internet of things" (IoT) is becoming an increasingly growing topic of conversation both in the workplace and outside of it. It's a concept that not only has the potential to impact how we live but also how we work. But what exactly is the "Internet of things" and what impact is it going to have on you, if any? There are a lot of complexities around the "Internet of things" but I want to stick to the basics. Lots of technical and policy-related conversations are being had but many people are still just trying to grasp the foundation of what the heck these conversations are about.   What is IoT? The Internet of Things is the network of physical devices, vehicles, home appliances, and other items embedded with electronics, software, sensors, actuators, and connectivity which enables these things to connect and exchange data, creating opportunities for more direct integration of the physical world into computer-based systems, resulting in eff...

Inspiring Innovation

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Inspiring Innovation September 14, 2019 Hydaway Mission: To give customers a smarter, more convenient and adaptable way to stay hydrated. Hydaway is a handy alternative to disposable plastic water bottles. Hydaway is an easy-to-use, reusable water bottle designed for people with active lifestyles who are searching for an alternative way to carry water that's just as convenient as buying bottled water. With 50 billion plastic water bottles being thrown away each year, and less than 25% being recycled.  Hydaway is offering an environmentally friendly alternative. The compact design of hardware makes it truly innovative and an ideal companion for an active lifestyle.

Unemployment Risk with Business Opportunity

Unemployment Risk with Business Opportunity High unemployment may make labor more docile and reduce business costs, they also reduce the demand for business output. Thus, while costs may fall, profits don't necessarily rise because sales don't increase since potential consumers have no money to spend due to high unemployment.  Businesses are affected in a variety of ways depending on whether unemployment is high or low, and rising or falling. Some business implications of rising / high unemployment include: • Lower consumer spending = lower demand for income-elastic products • Demand for inferior goods (lower price, quality) may increase • Greater supply of labour – potentially lower wage/salary levels • Unemployment creates insecurity in the workforce; potentially a cause of lower morale and de-motivation • Danger of lost skills for industries as a whole • Business may be impacted by social problems associated with high unemployment (e.g. rising crime) Some busines...