Are you prepared for the future of work?

A well-known venture capitalist recently predicted that, in the long run, all employment will be centered around some kind of information or entertainment, with all physical labor, whether in agriculture or industry, becoming obsolete. “I don’t know if even 10% of people on the planet will have a job in the sense of being paid to do something,” the investor in ventures such as Tesla Motors and SpaceX said. While that horizon seems distant for most of us, the trends shaping this… Read More

Big Data: Reshaping the Global Real Estate Industry, Too

Big data is everywhere. The ability to tap into vast quantities of information is influencing virtually every facet of business, and the real estate industry is no exception. What does big data offer? First, up-to-date and reliable information on local and global real estate markets, which can reframe strategic decision-making. Second, the creation of new data sets that may effectively predict housing booms and busts. Consider the global financial crisis of 2007-2008, triggered in part by the U.S. real estate bubble. If… Read More

Big Data: Bringing Two Worlds Together

The term “big data” has become ubiquitous today, yet most people have only a vague idea of what it really means. The famous three “Vs” concept – variety, volume and velocity – often comes up. But this doesn’t really capture the scope of big data. Big data really relates to all aspects of storing, accessing and analyzing data that can’t be carried out through traditional means. That’s why data analysts and professionals in related areas are in such high demand today. But… Read More

Industry 4.0: Rev Your Engines

What is Industry 4.0 exactly? To better understand the fourth industrial revolution, let’s take look at the first three. Industry 1.0 took root in the mid-1770s, when factories began to harness steam engine power and replace manual labor with machines. The second industrial revolution – perhaps best epitomized by Henry Ford and his Model T assembly line –  started in 1914. In Industry 2.0, electricity began to power factories and standardized, interchangeable parts gave rise to a wave of rapid industrialization. The… Read More