Technology: Making Us ‘Smart’er
Market Expertz | February 13, 2019
The advent of artificial intelligence and ‘smart’ electronics has propelled the growth of the industry significantly. A new era is being ushered in with the dissemination of technology in every field. There are innumerable things that have now been laced with technological advancements rendering the previous idea as a thing of yesteryear.
It is impossible to think of technology without thinking about Amazon. The tech-giant that provides a wide range of products has ventured into various fields. The company is currently in the process of acquiring the Wi-Fi device manufacturer ‘Eero’ thus, extending to the arena of wireless internet. Amazon-backed Sequoia has helped raise over 500 million USD for the autonomous driving startup Aurora, the company being valued at almost 2.5 billion USD. Calm, the iPhone meditation, and sleep-inducing app have recently obscured funding of almost 90 million USD to aid in its global expansion. The app was named ‘2017 iPhone app of the year’ and has quadrupled its reach in the last five years currently being valued at 250 million USD. Google Pay is collaborating with Wirecard and is prepping to launch its e-payment app “Boon” in Europe.
Softbank Investment has invested almost 1 billion USD in the driverless delivery startup Nuro. Fitbit, the American activity monitoring manufacturing company has launched a new product called “Inspire” that is almost like its previous variants except for the fact that it can only be bought in bulk for businesses or under healthcare systems. Nuvaira Inc., the medical technology company, based in Plymouth received generous funding of almost 80 million USD from U.S. Venture Partners and other organizations for the AIRFLOW-3 clinical trial. If the trial is successful, the lung denervation procedure involved in the trial might be able to cure Chronic Obstructive Pulmonary Disease (COPD) and Asthma. Both of these affect more than 300 million people worldwide, and the healthcare industry would experience a boom, therefore, attracting more investments.
The technology industry is evolving every day to simplify our existence. The industry is ever growing with companies innovating ‘smart’ equipment to aid us in various tasks from vehicle safety from imminent threats to performing life-saving surgeries.