Jim Harris

Download PDF Cheaper batteries, COVID-19 and autonomous tech are all driving the death of legacy car companies At Tesla’s Battery Day in September, CEO Elon Musk announced a number of innovations that should, if all goes according to plan, drive down battery prices by 56% by the end of 2023. That’s when Musk plans to release a US$25,000 electric vehicle (nicknamed the Model 2 by the company’s fans) – that’s $10,000 less than what the average new gas-powered car currently costs in the U.S. Its arrival is destined to spell trouble for the US$10-trillion global transportation market. Historically, EVs have been about $12,000 more expensive than gas cars, in large part thanks to battery costs. But as batteries become cheaper every year, EV sales have been growing exponentially. The cost of lithium-ion batteries plummeted 89% from 2010 to 2020, according to Bloomberg New Energy Finance. In 2016, batteries accounted for 48% of the cost of EVs. Today, that’s fallen to 26%. It’s not the only trend driving the conventional car industry off a cliff. Pandemic is fuelling “peak auto” Other than spikes in leisure-wear sales, the pandemic has dramatically slowed consumer spending – and cars are the second largest capital expense for North American families, after housing. Seventy million U.S. households own two or more cars, and pre-pandemic, the average American worker spent five work weeks a year in traffic commuting to and from their jobs. Now that approximately … [Read more...] about The top trends killing the auto industry

Download PDF Medicalization of the Smartphone Driving Adoption By Jim Harris The COVID crisis is turbo charging the adoption of telemedicine and transforming health care. During the COVID-19 outbreak in China a staggering 50% of all medical visits were remote. Who really wants to go sit in a hospital or doctor’s office with people who are sick? When was this ever a good idea? With more than 300 million registered users in China, Ping An Good Doctor, is the world’s largest health care platform offering online consultations, hospital referrals and appointments, health management, and wellness interaction services. It connects individual consumers with health care resources. US Telehealth At the end of 2018, digital health was a $3 billion industry in the US. By the end of 2020 it will be a $250 billion a year industry in the US, according to McKinsey & Company. The COVID pandemic is driving almost 100X growth! Digital health was used by 11% of US patients in 2019 and during the pandemic that surged to 46% in 2020. The adoption of telemedicine shifted into hyper-drive, with US virtual health-care interactions on pace to top a billion in 2020, according to analysts at Forrester Research. UK’s Babylon Health Babylon Health allows someone to access a doctor online by video conferencing and extensively uses artificial intelligence (AI) to prompt the doctor on what question to ask the patient and, with each answer, the system re-calculates the … [Read more...] about COVID Crisis is Transforming Health Care Globally

Download PDF The COVID Crisis Accelerating Mobile Dominance By Jim Harris MOBILE FIRST FIRMS have a 825% higher value upon IPO than companies with no mobile focus, highlighting how essential mobile is for success. This is a staggering finding from the 2020 Mobile Report by App Annie. Here are a few reasons: Scaling Mobile first firms scale far faster than physically based enterprises. Uber which was founded in March 2009 is worth more than every taxicab company in North American added together! Supercomputer In My Pocket In 1997, IBM’s Deep Blue supercomputer beat world chess champion Garry Kasparov. For IBM, this was a $100 million project. Today the $1,000 smartphone I carry in my hip pocket has more raw computing power than Deep Blue. Companies that have no mobile focus are choosing not to use the smartphone supercomputer that rests in billions of peoples’ pockets or purses. Location The highest revenue for any non-gaming app is . . . Tinder. Tinder uses geo location to match users with others nearby. In the same way, LetGo and OfferUP use geo location to allow local buyers and sellers of second hand items to instantly connect. Both companies are less than 10 years old and each have a valuation of $1.5 billion. In March 2020, they announced that they will combine their US operations. All Needs Millennials and GenZ live a mobile-centric life. They turn to their mobile to connect, for entertainment, for dating and relationships, for buying … [Read more...] about Mobile First Firms Have 825% Higher Value Compared To Companies with No Mobile Focus

Download PDF Electrification, Autonomous Vehicles and the Internet of Things revolutionize the school bus market By Jim Harris The price of Lithium-ion batteries has plummeted by 89 percent from 2010 to 2020, according to Bloomberg New Energy Finance (BNEF), and the trend will continue: Source: BNEF The largest cost of electric vehicles (EVs) historically has been batteries. In 2016, for instance, batteries were 48 percent of the cost of electric vehicles. Today, that’s fallen to only 26 percent, according to BNEF. Electric vehicles are getting cheaper and cheaper every year. Tesla Battery Day Tesla’s Battery Day was on Sept. 22, which happened to coincide with my Tech Talk on Day 2 of the virtual Bus Technology Summit presented by School Transportation News. Tesla CEO Elon Musk announced many innovations that will dramatically drive down battery prices even further over the next three years. By the end of 2023, batteries will be 56 percent cheaper per kWh—$58/kWh based on BNEF’s weighted volume average price. This will completely disrupt the $10 trillion global transportation market and it will have a profound impact on the school bus market. By the end of 2023 electric vehicle (EV) passenger cars will become cheaper than gas powered autos. Musk announced that Tesla will release a $25,000 EV, which has been nicknamed the Model 2 by the company’s fans. Given that the average new gas car costs $35,000, that spells big trouble for the U.S. auto … [Read more...] about Tech Trends Driving Dramatic Disruption

Download PDF Firms Focused On Digital Transformation, Mobile First & AI Centric Strategies Experiencing Explosive Growth By Jim Harris The Coronavirus has wreaked havoc on the global economy. COVID-19 is hyper-charging the growth of companies that have aggressively pursued digital transformation, by putting mobile first philosophy at the core of their business strategy and embedding artificial intelligence (AI) in all their products, services and business models. Zoom Zoom Zoom Zoom had 10 million daily users in December 2019 and in April 2020 that had exploded to 300 million daily participants. How many companies can boast at 30X growth in customer count during the pandemic? COVID Consequences Many companies prevented people from working from home pre-pandemic. All that has changed. Companies and boomer executives are discovering that people can be productive working from home. Post pandemic not everyone is going to want work in the office. Dell Computer in Austin, Texas expects that half of its 160,000 employees will never work from its offices going forward. About 40% of the average large company’s employees could work from home. I predict that companies will, on average, allow people to work two or three days from home. Firms will realize that they can cut the square footage of their corporate office space by 40% and drive millions of dollars directly to the bottom line. This is bad news for corporate real estate companies and property … [Read more...] about COVID Crisis Accelerating Three Trends

Download PDF The hottest topic at CES, in my opinion, was artificial intelligence (AI). AI chips will add intelligence into billions of smart devices in the coming years. These devices will be at the edge — meaning that they’ll work without having to be connected to the cloud or a data center. Syntiant won a CES 2020 Best of Innovation Award for its NDP100 Processor. It is the frst chip to put machine learning processing into almost any consumer device. The chip only draws 150 microwatts of power and is so tiny it can be embedded in a hearing aid. What’s the benefit? At a noisy party, the AI chip can distinguish which voices are in conversation with the hearing aid wearer and amplify them while quietening the background noise. We know about CPUs (central processing unit) from PCs, and GPUs (graphics processing units) from graphics, gaming and now blockchain applications and crypto mining. Now we are going to see a dramatic rise of NPUs — neural processing units. Syntiant's NDP100 is one of these. Duncan Stewart is director of research at Deloitte for TMT (Technology, Media and Telecommunications). At Deloitte’s TMT Predictions 2020, Duncan predicted that AI chips at the edge are poised for explosive growth. In 2020 a staggering 750 million AI edge chips will be sold and that will more than double to 1.6 billion by 2024. More than 60% of these — a billion chips — will be embedded in our smartphones making them even more intelligent. AI chips are already … [Read more...] about Artificial Intelligence: A Hot Topic at CES 2020

Gas Cars are Dead: Here’s Why Traditional car companies are zombies. They’re dead but they just don’t know it yet. By 2022, Electric Vehicles (EVs) will become cheaper to buy than gas cars. EVs are already cheaper on operating cost and maintenance cost. The electricity to power EVs costs 80% less than the gas to power a traditional car and electric car maintenance costs are 80% lower. A typical gas powered car has 2,000 moving parts, while an EV has 20. With thousands of fewer parts and no oil changes, there’s very little maintenance required for EVs. The largest cost of an EV has historically been the battery but battery prices are plummeting, having fallen by more than 90% since 2010, according to Bloomberg New Energy Finance (BNEF): Plummeting Prices for EV Batteries Source BNEF In 2017 BNEF predicted that by 2026 EVs would be cheaper to buy than the average gas car in North America: Source: BNEF But battery prices have been falling so fast, that BNEF now predicts that cross over will happen in 2022. Catherine Wood, CEO of New York based investment manager ARK, predicts the cross over will happen in 2021, and that by 2025 inexpensive electric vehicles in the US will be up to $11,000 cheaper compared to a gas powered Toyota Camry. Why is this important? Who is going to buy a traditional gas car when an EV is cheaper to buy, cheaper to run and cheaper to maintain? Rise of Mobility as a Service (MaaS) Using Uber or Lyft is already cheaper … [Read more...] about Zombie Car Companies

Live Reporting From Mobile World Congress, Feb 25-28 in Barcelona, Spain TORONTO, Feb. 22, 2019 /PRNewswire/ -- International bestselling author and social media influencer Jim Harris will be covering Mobile World Congress (MWC) live from Monday, February 25 to Thursday, February 28, 2019, in Barcelona Spain. International bestselling author and social media influencer Jim Harris will be covering Mobile World Congress (MWC) live from Monday February 25 to Thursday February 28, 2019 in Barcelona Spain. Here is a taste of Jim Harris speaking on Disruptive Innovation at Idea City, Canada's version of TED Talks. Mobile World Congress is the largest and most important mobile tech trade show globally. With 110,000+ attendees; 7,700 CEOs; thousands of international journalists and 2,400 exhibitors from more than 200 countries will be participating, MWC is where the industry's most important mobile products are launched and innovations revealed. Disruptive Innovation: 2019 Smartphones are eating the consumer tech world. A staggering 59% of all global consumer tech spending was on smartphones in 2018. Smartphones Are The World's Computing Device Of Choice Globally we spend more time online using mobiles than computers More searches are performed by mobile than computers Android, not Windows, is the dominant operating system globally 5G Revolution The 5G revolution will be the most discussed topic at MWC. The very first 5G smartphones will be … [Read more...] about Smartphones are Eating the Consumer Tech World – 59% of 2018 Global Consumer Tech Spending Spent on Smartphones

Live Reporting on Innovation from the Consumer Electronics Show TORONTO, Jan. 2, 2020 /PRNewswire/ -- International bestselling author and social media influencer Jim Harris will be covering CES live from Las Vegas, during the Media Days on January 5 and 6, and throughout the show January 7-10. CES is the world's largest electronics show, with 175,000 attendees (61,000 from countries outside the US). More than 7,000 international journalists attend and cover the event which has 4,400+ exhibitors taking up 2.9 million square feet show space (equal to 50 football fields). CES is the industry's most important event where new products are launched and innovations revealed. Top Tech Trends 2020 Artificial intelligence, 5G and NextGen TV will be three of the top tech trends at the 2020 Consumer Electronics Show (CES). The top tech trends will be: Artificial Intelligence in Everything Artificial Intelligence (AI) will be embedded in everything. Between 2020 and 2024 the sale of AI chips is predicted to grow by 20% a year, twice as fast as the overall semi conductor industry (9%), according to Deloitte TMT prediction. By 2024 AI chips sales will exceed 1.5 billion globally. Smartphones will account for more than 70% of all AI chips in edge devices. In 2019 my $1,000 smartphone had more raw computing power that IBM's Deep Blue super computer of 1997 that cost $100 million. Within 8 years the new smartphone that I buy will be 250 times more powerful than my … [Read more...] about AI, 5G and NextGen TV Named 2020 Top Tech Trends

Download PDF Smart homes are expected to grow to a $4.5 billion market in 2019 in the U.S., according to CTA. That a 16% growth rate over 2018 making it a very hot market. The Intelligence of Things The “Internet of Things” (IoT) is shifting to the “Intelligence of Things” – as artificial intelligence (AI) is increasingly embedded in the smart devices in our homes. For instance, Google’s new Nest Hello is a video doorbell that pulses in color and records who comes to your door. It also includes face recognition. When the doorbell is pushed, it notifies your phone allowing you to talk to the person whether you are at home or not. Once you identify your FedEx courier, when he comes to the door, it will recognize him. Flo by Moen is another example. It’s an IoT device installed on the water main coming into your house. Flo can detect a leak as little as one drop per minute so rather than a slow leak running inside your drywall and resulting in black mold, you are notified before it is a problem. And if a water pipe bursts, it will turn off the water main and alert you. For the insurance industry, water damage is the leading cause of preventable claims. Some insurance companies now give homeowners a discount on their premiums in return for having this device installed. Flo also was a CES 2018 Innovation Award Honoree. Smart Home Hub “Digital assistants have helped to grow the smart home market,” says CTA’s Steve Koenig, “because they’ve reduced the … [Read more...] about Smart Home Evolution