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8 ways machine learning will impact day-to-day customer interactions

Advancements in artificial intelligence seem like they are happening constantly, with more products incorporating this technology every year as companies seek to gain access to the technology’s capabilities. This means that it is important to understand the impact of AI and machine learning, as well as how to properly leverage it to improve your business — especially when it comes to interacting with or serving your customers. To find out more, we asked Young Entrepreneur Council members the fol...
Tags: Startups, Contributors, Podium


13 AR and VR Systems Entrepreneurs Can’t Wait to See in 2019

With new tech innovations constantly on the horizon, businesses must always be looking out for the “next big thing.” Gaining insight on what’s to come can help your company plan for strategic adoption of the latest technologies. Two fields that are rapidly developing for business are augmented reality and virtual reality. As these technologies become more mainstream in the consumer market, companies are finding ways to bring them into their operations and workplaces. To find out more, we asked m...
Tags: Startups, Contributors, Podium, VR Systems Entrepreneurs Ca n't Wait


Foldable phones are a gimmick that won’t last. Here’s why.

Are you planning on getting a foldable phone in the near future? If you’ve been watching tech news at all, you’ve likely heard about folding smartphones coming to market—just around the corner. For example, the Samsung Galaxy X is going to feature what it calls an “Infinity Flex Display,” which is an awful fancy phrase for a folding screen. LG might be entering the fray as well, and its technology could be integrated with other phone makers, including Huawei. The parade of new announcements is u...
Tags: Startups, Samsung, Lg, Huawei, Contributors, Podium


What VC funds wish your startup knew about their selection process

Venture Capital is a competitive game, so understanding the VC process is integral to your success. There’s no doubt that some qualities are non-negotiable for VC funds. VCs want to see a large and growing market, a highly capable team, a deep understanding of the strategy around the startup’s product or solution, and a high level of capital efficiency and scalability. If you’re a startup looking to get funded, the necessity of these conditions should not come as news to you. So, if you think yo...
Tags: Startups, Venture Capital, Contributors


How enterprise social media like Slack can improve well-being in the workplace

We live in a world where technology is increasingly ubiquitous and showing no signs of slowing down. Whether in our professional or personal lives, the always-on, always-connected nature of life in 2019 seems to be unavoidable. And aside from the internet itself, of all the technologies, software, and hardware available to us, the spread of social media is arguably difficult to beat in terms of its cultural impact. Despite well-publicised issues with user privacy and questionable business practi...
Tags: Startups, Facebook, Contributors


Why Silicon Valley will always need Wall Street

The impressive rise of Silicon Valley as it became the global hub of technological innovation certainly took many on Wall Street by surprise. As time has gone on, I’ve seen many begin to muse that the era of Wall Street’s financial dominance over technology could be over, especially as private lenders and burgeoning tech firms in Silicon Valley carved out an impressive empire for themselves on the West coast. Some are beginning to nurse doubts over whether Silicon Valley can cut-out Wall Street ...
Tags: Startups, Silicon Valley, Contributors


Why farmers hold the answer to making the personal data economy work

In the consumer world, personal data has been used as a “payment” for services, whether that be a Facebook account or a grocery discount or a loyalty rewards program. If you take the Facebook example, consumers “pay” for the service by supplying data which in turn makes the company money through ads that rely on this data. Despite the severe — and warranted — backlash over data privacy, I don’t think the existing data-in-exchange for services model is inherently a bad idea. Where those systems b...
Tags: Startups, Facebook, Contributors


What TikTok’s Chinese predecessor can reveal about its future

TikTok’s sudden popularity might’ve taken many by surprise as the app burst out on the social media scene seemingly out of nowhere. But TikTok’s origin is clear, it’s based on its one year-older predecessor, Douyin 抖音 which has over 500 million monthly active users. New TikTok features often make their debut on Douyin, bringing Chinese successes to the rest of Asia and Western markets. So by examining the Chinese predecessor, we can get a hint at what TikTok’s future will look like. What’s Douyi...
Tags: Startups, Asia, Contributors, Douyin


12 optimization tips for businesses looking to tap into wearable tech

From the Apple Watch Series 3 to the Fitbit Versa and all the new tech in-between, wearable tech has been taking over for quite a while now. As the wearable tech market grows, businesses are looking for opportunities to join in. To learn how to optimize a business for wearable success, we asked a panel of entrepreneurs from YEC the following question: How are you optimizing your business for wearables? Here’s what they said: 1. Make sure your team understands the tech I run a tech consultancy an...
Tags: Startups, Contributors


The first self-driving car by 2020: just another lofty promise?

It seems we have another ambitious promise from a leader in the autonomous vehicle industry. Earlier this month, Elon Musk, CEO of Tesla and a bunch of other futuristic startups, said that he anticipates completion of fully autonomous technology by the end of 2019, with their self-driving vehicles being so advanced in 2020 that the driver can basically take a nap. Specifically, he said, “I think we will be ‘feature-complete’ on full self-driving this year, meaning the car will be able to find yo...
Tags: Startups, Elon Musk, Tesla, Contributors


Jeff Bezos promised drone deliveries by 2019 — but 3 things are missing

Five years ago, Jeff Bezos promised in a 60 Minutes interview that drones would deliver goods to our homes by 2019. With the new year upon us, it’s exciting to think that drone package delivery could be a reality in the US, just as it’s starting to happen in other countries. While hobbyists are already filling the air, consumers may be wondering whether we’ll soon see widespread services like pizza deliveries. In order to enable this reality, a few key pieces must still fall into place. They fal...
Tags: Startups, US, Jeff Bezos, Contributors


Sears’ bankruptcy underscores the need for tech innovation in retail

The demise of Sears provides a perfect cautionary tale. By all accounts, the former retail giant — which was in a “death spiral for well over a decade” — is paying a steep price for its failure to innovate in new technology. Yet, the means for Sears to do just that was available. Business technology has been advancing at a rapid pace over the past decade. Deep Learning and Artificial Intelligence (AI), along with an unprecedented availability of data, have made it possible to extract business in...
Tags: Startups, Sears, Contributors, Deep Learning and Artificial Intelligence


Why online service providers shouldn’t partner with big tech

Hosting providers like GoDaddy, 1&1 Ionos, and even Wix and Squarespace, started out offering a single service to business owners. Most of them developed parts, or even all of their service technology in house, that resulted in a range of unique and differentiated services. But they quickly realized they could be more than just a domain name registrar or web hosting company. They began offering a range of digital services to help businesses operate and promote their companies online. This was a ...
Tags: Startups, Godaddy, United States, Squarespace, Contributors


The worrying trend of children’s data being sold on the dark web

When was the last time you got a data breach notification, a letter in the mail about a potential compromise, or an email triggering a password reset on one of your accounts? What about your kids? When it comes to data breaches, we almost exclusively focus on adults. It’s automatic, instinctual: compromised data impacts customers, consumers, employees, and executives. We immediately assume they must be adults. Unfortunately, that’s not the case — far from it. A concerning trend In my role as a s...
Tags: Startups, Contributors


Developers are our best bet to stop Apple’s App Store monopoly

Any day now, the US Supreme Court will issue a decision in a case called Apple Inc. v. Pepper, where a group of iPhone users have said that the Apple App Store, the only place they can get software (or apps) on their phones, is an unlawful monopoly. They’re right.  It’s no secret that Apple forces users of its mobile devices (iPhones and iPads) to download apps through its app store. Apple does this so it gets a cut of every software purchase on a mobile device running on iOS. In the Pepper case...
Tags: Apple, Startups, Pepper, US supreme court, Apple Inc, Contributors


Paradoxically, platforms like Uber and Deliveroo could be good for labor unions

In my research on the platform economy, I’ve seen a trend of trade unions mainly attacking websites like Uber and Deliveroo. However, I’d like to argue that their focus on a hostile approach is a mistake and they need to consider another tactic. Let me explain why. We need to talk about the gig economy The time is ripe for a serious conversation about the gig economy. In recent years, classifieds on the back of a local newspaper and in call centers have widely been replaced by online platforms l...
Tags: Startups, Deliveroo, Contributors


This is the GDPR-themed sci-fi short story you’ve been waiting for

The short story here below started as a submission to the Dutch Information Law Institute’s science fiction contest but quickly grew into much more once I started to create a timeline to solidify the legal situation. The underlying theme is that everyone expects GDPR enforcement to come from government, but that has been haphazard and that’s unlikely to change. Supervisory authorities only have limited capability and would never enforce against everyone. But the GDPR has a little-known clause th...
Tags: Startups, Gdpr, Contributors, Dutch Information Law Institute


13 ways to get customers to choose your app over the competition’s

Competition between apps can be fierce. It’s no longer just about selling a great product and doing some light advertising — there’s so much more to it now, especially if you want to steal customers from your competitors. To find out how to encourage customers to download one app over another, I asked a panel of entrepreneurs from Young Entrepreneur Council the following question: What’s one way to encourage customers to download your new mobile app instead of a competitor’s? Their best answers ...
Tags: Startups, Contributors


Marketing and CX enter the age of machine learning, but are businesses ready?

There is no longer a delineation between digital and traditional customers. Anyone with a smartphone traverses between online and offline activities without a second thought. As they do, they gain a penchant for modern conveniences, such as speed, utility and real-time assistance. Along the way, they also become more and more impatient and demanding. To engage today’s customer takes a modern approach to marketing where advanced technologies and customer optimization set the stage for what I call...
Tags: Startups, Contributors


An entrepreneur’s guide to Moscow: Scaling between the golden domes

The majesty of Moscow is no secret, but relatively few Westerners have had the chance to get to know it up close. Fulfilling a longtime dream, a team member recently had the special opportunity to see and explore Russia’s larger-than-life capital. He returned telling us of the awe-inspiring Red Square, the Kremlin’s looming presence over the city, and the opulent beauty of the capital’s many colorful, gold-hatted Orthodox churches glittering in the sun. But besides being stunned by Old Moscow, h...
Tags: Startups, Russia, Moscow, Kremlin, Contributors, Red Square, New Moscow


How to decentralize social media, according to Wikipedia’s co-founder

The problem about social media is that it is centralized. Centralization empowers massive corporations and governments to steal our privacy and restrict our speech and autonomy. What should exist are neutral, technical standards and protocols, like the standards and protocols for blogs, email, and the Web. Blockchain technology — the technology of decentralization — is perfect for this, but not strictly necessary. Such protocols would enable us to follow public feeds no matter where they are pub...
Tags: Startups, Facebook, Wikipedia, Contributors


What big cities can learn from the small Swiss town with a driverless bus

It was like navigating traffic in an electric-powered egg on wheels. The canton of Schaffhausen is just 30 minutes away from the Swiss capital of Zurich, but the municipality of 81,000 residents is home to less than one percent of the country’s population. It’s a beautiful and historic place to visit, home to big businesses and tourist attractions alike, but no one’s about to mistake it for an economic powerhouse. Lots of planning and due diligence came together in March 2018 to change this perc...
Tags: Startups, Zurich, Contributors, Schauffhausen


Meet wegg® Treasurer and Founding Board Member, Nancy Stachnik

“Wegg® makes amazing educational opportunities available to women!  Where else would a person find access to so many experts?  I truly believe women business owners who avail themselves of wegginars®, weggchats® and wegg® workshops, will find a path to taking their businesses global.”  -Nancy Stachnik, wegg® Treasurer and Founding Board Member Meet Nancy Stachnik, a […]
Tags: Leadership, Networking, Inspiration, Sales, Innovation, Contributors, Social Media and Network, Enlighten Me, Mentoring (Peer to peer, WEGG supporter, WEGG news, Founding Board, Nancy Stachnik


Here’s how you can properly vet overseas manufacturers for your ecommerce business

Of all the questions my consulting clients ask, there is one that comes up more often than all the others combined. It goes something like this: “I want to harness the power of overseas manufacturing, but I’m worried about fraud and quality control. How do I vet manufacturers in China or India to minimize the risks of working with a company in a different country?” Here are six tips that I generally offer to help ecommerce businesses navigate the potentially treacherous waters of overseas manufa...
Tags: Startups, China, India, Contributors


Luckily, AI still needs humans to succeed

Humans look at AI in both awe and fear. When I tell folks that I work for a company that builds AI-powered virtual assistants, they frequently ask me if AI is close to becoming sentient. Is it close to becoming human? Are we fast approaching a future where Skynet from the Terminator is real? Will AI become too smart for its own good, like Ava in Ex Machina? In short: no, at least not yet. Instead, we’re reaching an era where it’s becoming easier for machines to pass the Turing Test, a test desig...
Tags: Startups, Skynet, Ava, Contributors


Google, Facebook, and Amazon’s not-so-secret weapon for success: M&A

Whether you’re an entrepreneur or an established CEO, growing your business is always job number one. It’s how you’ll conquer an industry, make a name for yourself, and truly change the world. You may have staked your money on one big idea that paid off, but the next crucial step always lies in what’s next. Great companies start out as an idea, but the ways they grow over time all differ. One thing, however, that the big tech titans have in common — Alphabet, Facebook, and Amazon — is that their...
Tags: Amazon, Startups, Contributors, Google Facebook, Alphabet Facebook


Think about death when you start your next company

Back in high school, my favorite teacher said to me: ”Jonathan. Remember to die a little every day.” Back then, I thought it was a strange thing to say. Both him and I were and are generally optimistic people, so why even bother thinking about such a sad thing as death? And why did he mention it to me, when I shared my passion for starting new projects with him? Today, I understand what he meant. Hans Oluf, which was the name of my high school teacher, officially taught Danish literature to me, ...
Tags: Startups, Contributors, Jonathan Remember, Hans Oluf


3 types of AI that represent our fears for the future

The AI icon Andrew Ng is quoted as saying, “Artificial intelligence is the new electricity.”  For anyone reading this, that’s a powerful analogy. Electricity empowers our surge in science and globalization over the past 100+ years, but the analogy falters in one overlooked regard.   Few of us know how the electric revolution began, and like all revolutions, it was dirty. Many are unaware, but those of us who forget history are condemned to repeat it. The sins of electricity are buried in the his...
Tags: Startups, Tesla, Contributors, Andrew Ng, Edison Fewer


Taylor Swift is watching you watching her

In 2018, face recognition technology (“FRT”) stumbled from childhood into adolescence in commercial applications. It evolved from being used primarily as a gimmick to unlock your phone or retrieve pictures of specific persons within your 60K pictures, to being used in an almost infinite number of commercial applications on a local scale (mostly in China, a frontrunner in FRT). Examples are checking in to hotels, buying chicken wings, monitoring signs of distraction or fatigue while driving, dete...
Tags: Startups, Taylor Swift, China, Eu, Contributors


15 strategies everyone should know to protect their online information

As technology increases at an ever-faster rate, so too do the ways in which our information can be put at risk. With the constant growth of internet of things, it’s now more important than ever to make sure all aspects of our lives are protected from online dangers. To find out the top protection strategies used by industry leaders, we asked a panel of entrepreneurs from YEC the following question: What’s your best tip for how customers can protect themselves and their information online this ye...
Tags: Startups, Contributors