Top 10 tech news that defined 2014
Uber raised a total of $3 billion in three rounds in 2014, making it one of the most valued tech companies, at $40 billion. Previously, only Facebook had raised that much money ($1.5 billion in 2011). Uber does not communicate much on its internal metrics, but some leaks provide a rationale for this huge valuation.
Industries that have not embraced digital transformation yet are at a very high risk of disruption
Mobile is becoming the preferred channel for selling goods & services
Uber is a perfect example of the combination of great software, fast operations scaling, and aggressive marketing strategy
In light of the recent regulatory backlash, how fast will Uber continue to grow?
How will Uber address the controversies about its company culture?
Will Uber manage to expand beyond personal transportation to become a global logistics operator?
Facebook acquired WhatsApp for $19 billion to take advantage of its active user base of 600 million people. While WhatsApp current business model ($1/user/year) only generates $20 million in revenue, Facebook will probably explore other monetization opportunities in the long term. Generally speaking, the mobile messaging market has exploded in 2014, with Rakuten’s $900 million acquisition of Viber, Tango’s $280 million funding round, etc.
Messaging is the killer app of mobile and social media
It is more than just messaging: these apps are becoming platforms for content, gaming and payment
What will be the monetisation strategies to justify these huge valuations?
When will the market consolidate?
With the iPhone 6, Apple introduced a mobile payment feature using Near Field Communication to pay in-store and in-app. As for now it is only available in the USA for major credit/debit cards and at select retail stores, but it will expand in 2015. In response, Samsung has started working with Paypal to integrate a similar feature in its future smartphones and smartwatches.
Apple Pay is the catalyst that will open the latent mobile payment market
Financial services will face a new level of technological disruption in the coming years
Will existing payment networks survive?
Which parts of the banking industry are most at risk?
All major equipment manufacturers have released or revealed their first line of smartwatches. In almost all cases, they are built as an extension to users’ smartphone, with additional health sensors. Similarly to the smartphone world, the industry is divided into 2 main platforms : Google’s Android Wear and Apple’s adapted version of iOS, with Samsung trying to push its own proprietary platform.
What will be the killer app of wearables?
When will the technology mature and the market take off?
Will wearables bring as big a change in our lives as mobile devices did?
Google acquired smart thermostat maker Nest Labs for $3.2 billion and home monitoring startup Dropcam for $555 million. All major players are getting ready for the explosion of the mainstream market, with Samsung’s acquisition of home automation platform SmartThings, GE’s partnership with hardware invention startup Quirky, etc.
Following this year of industry consolidation, consumer adoption will accelerate in 2015
What will be Apple’s response to Google and Samsung’s aggressive strategies?
Who will be the winners of the upcoming smart home platform war?
Google acquired Deepmind Technologies for $400 million, to leverage top talent in the specialized field of Deep Learning. This acquisition brings Google additional artificial intelligence capabilities, with powerful applications such as image recognition, speech recognition and natural language processing.
Machine Learning talent is scarce and highly valuable
The frontier between academia and the tech industry is blurring
How will other companies be able to bridge the talent gap?
Facebook acquired Oculus VR for $2 billion as a long-term strategic bet. While the Oculus Rift virtual reality headset is still at the development stage, we can expect a consumer version in 2015. Meanwhile, Samsung and Google have released prototypes of virtual reality headsets using users’ smartphone as display.
After decades of development, virtual reality technology is getting ready for mainstream adoption
Will virtual reality expand beyond gaming applications?
Both Amazon and Google announced that they are working on package delivery drones: Amazon Prime Air and Google X Project Wing. This technology could revolutionise last-mile logistics and serve people in remote areas and places with bad road infrastructure. Regulators have not approved it yet, but it is a key proof of concept of this technology. Meanwhile, the consumer market for drones emerged, with new products from Parrot, DJI, etc.
The commercial drone technology is ready but the market is still untapped
We are waiting for improvements in air traffic control systems and regulatory decisions
How will regulators address the terrorism risk?
Will it be a revolution for developed or developing countries?
Google announced that their self-driving car prototype is functional, after more than 1 million kilometers of test on the road. For the moment it has been tested on well-chartered territory in a few american states, including on public roads and in traffic. Despite limitations such as the inability to recognize temporary road signs, this is an important step towards future commercialization. Tests with safety drivers will continue on public roads in more states in 2015.
Do not underestimate the long term potential for automation
What will be the regulatory response?
How long will it take to reach mainstream adoption?
What economic and social consequences on the long term?
Qualcomm demonstrated Zeroth, a prototype of neuromorphic chip that mimics the humain brain. This technology could be the future of computing and help robots better understand and react to their environment. Compared to existing technologies, it would open up real time applications, consume less power and work without connection to the Internet.
The future of computing will be inspired by biology
It is only a matter of 5-10 years for robots to become mainstream
What will be the first consumer application?