Each June, Deloitte puts out its call to the Irish tech sector and so it’s Fast 50 time again, with the fastest-growing companies recognised for their contribution to the national economy and the global technology industry. David Shanahan, a tax partner at Deloitte, and Fast 50 programme lead, said the key to the awards programme, which is now in its 20th year, was its credibility, and that this derives from the fact that it is based on objective measurement of the financial performance of the entrant companies. “It’s not just picking the companies randomly or subjectively,” he said. “We look at revenue growth over the last four years and validate the accounts. It does give a high level of credibility, and makes it extremely useful externally.” Shanahan, who first led the Fast 50 in 2018, said that taking over the programme was a highlight of the working year. “I’m very excited by how it went last year: I was delighted to see record … [Read more...] about Awards celebrate the explosive growth in Irish technology
Intel small business technology
It is now a decade since the publication of the infamous bitcoin white paper, ‘Bitcoin: A Peer-to-Peer Electronic Cash System’, and the launch of the bitcoin blockchain, writes Andrew Tzialli[/b[Is that early promise, espoused crypto-evangelists, that blockchain technology will “change the world”, getting closer or is it still a far-fetched dream? In 2016 and in early 2017, crypto currencies became more mainstream, which led to hysteria, and relentless fear of missing out. That was the rationale for many investors who entered the market in late 2017 and early 2018. This was followed by a monumental crash.Some of the most prominent cryptocurrencies decreased in value by 90% from December 2017 peak prices. Around half of blockchain companies that ran ICOs during mid-2017 to mid-2018 have now failed altogether.However, fast-forward to now, 2019. Blockchain can improve businesses’ efficiency and processing times in a secure manner. As adoption and innovation … [Read more...] about Blockchain: Is the technology all hype or hope?
JAPAN HAD long since lost its lead in electronics. Or so many thought. When an earthquake and tsunami hit the country in 2011, its continued centrality to the industry quickly became apparent. Copper foils for printed circuit boards, silicon wafers to make chips, resin to package them—for many components Japan was the home of the biggest, sometimes only, supplier. As production ground to a halt, customers scrambled to find alternatives. Many had to limit their output, like carmakers reliant on Renesas Electronics, a leading maker of engine-controlling chips whose wafer-fabrication plant sustained heavy damage. Natural disasters—whether cataclysmic like the Japanese earthquake or merely destructive like floods or wildfires—regularly test the electronics supply chain. Now a geopolitical shock from President Donald Trump’s efforts to isolate China has thrown the industry’s structure into sharp relief—and exposed its choke points (see table). Get our … [Read more...] about The technology industry is rife with bottlenecks
IT IS A charge that American hawks love to level at China: that its companies, through fair means and foul, are after the crown jewels of American technology. Despite years of efforts to manufacture its own computer chips, the Asian giant still spends more on importing them than it does on crude oil. Politicians and companies in the West constantly grumble about Chinese rivals pilfering their intellectual property. So the idea that Chinese firms have some technology gems of their own to offer may seem fanciful. In fact, Western technology firms increasingly fancy Chinese tech. In some cases, they are buying Chinese rivals outright—with the acquiescence of authorities in Beijing. Those working on such acquisitions date the phenomenon back to 2016. Most deals are small and involve niche industries: makers of the powertrains and sensors for electric vehicles, or agencies managing social-media influencers. But the trend has taken root, even as animosity between the United States and … [Read more...] about Western firms increasingly admire—and want—Chinese technology
Simon Winchester 25 May 2019 9:00 AM 25 May 2019 9:00 AM Share Twitter Facebook LinkedIn Email Whatsapp Make, Think, Imagine: Engineering the Future of Civilisation John BrowneBloomsbury, pp.397, £25 The rebranding of John Browne has been a long and, to those of us living overseas, instructive affair. Readers will recall the unedifying circumstances leading to his dismissal from BP ten years ago, when the country’s usual gang of disagreeable and unkindly figures such as Paul Dacre and Tom Bower were snapping busily at his heels. Much has happened since. In the classic style of the British establishment, his disgrace has been followed by a steady stalactitic drip of preferments and praise, committees and chairs and board memberships, much aided by quires of unctuous journalism, most tending to focus on the impeccable taste and artistic judgment (not to say financial savvy) with which he has furnished and stocked his digs in the fashionable quarters … [Read more...] about Towards a technological utopia