How different networking standards are competing to connect the Internet of Things
June 3, 2016

The Internet of Things (IoT) — a vast network of connected devices — is set to become the world’s largest device market over the next decade, potentially creating trillions of dollars in economic value. However, without a reliable and secure network connection, these devices will fail to deliver that value. Device owners can choose between a number of established and emerging networking technologies to connect their IoT devices and collect data from them for analysis.

BI Intelligence’s new IoT Networks Report examines these different networking technologies, their pros and cons, and how well they are positioned for future growth in the IoT market. We also outline how different networks are best suited for connecting specific types of IoT devices, including connected cars, drones, smart home devices, and wearables.

Here are some of the key takeaways:

The need for interoperability — the ability for different devices to share data with each other — is driving the development of new net..

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The 10 most important things in the world right now
June 3, 2016

Hello! Here's what you need to know on Friday.

1. Hillary Clinton delivered one of her strongest arguments yet against Donald Trump. Clinton roasted her likely presidential opponent in a lengthy speech on foreign policy on Thursday.

2. Pop music superstar Prince died of an opioid overdose, the Midwest Medical Examiner's Office confirmed Thursday. The cause of death is listed as “self-administered fentanyl.”

3. The man who killed a University of California at Los Angeles engineering professor before killing himself has been identified as Mainak Sarkar. Sarkar is also believed to have killed a woman in Minnesota.

4. Starbucks made a huge step to take over the tea business, partnering with Anheuser-Busch InBev to launch a Teavana ready-to-drink tea in the US.

5. Peruvian presidential candidates Keiko Fujimori and Pedro Pablo Kuczynski are virtually tied ahead of Sunday's election, according to a new poll.

6. United Airlines announced a major overhaul of its internatio..

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Capital One’s UK boss says technology is creating an ‘amazing historical moment’
June 3, 2016

Credit card company Capital One is trying to tap into the Britain's booming fintech scene, amid what its international CEO calls an “amazing historical moment” that is seeing not just the reinvention of finance but also society.

The 25-year-old company is moving into a new office in the new White Collar Factory on top of London's so-called “Silicon Roundabout” that will be home to 200 new engineering and design staff. The credit card provider also recently launched its “Growth Labs” initiative, an accelerator programme for early-stage start-up and high-growth companies.

“We’ve got to confront — even as companies as new and growth-focused as we are, 25 years post-founding and 20 years post-IPO — just how dramatically and radically the digital revolution is changing the world,” Chris Newkirk tells Business Insider. Newkirk is head of international at Capital One, charged with overseeing the company's UK and Canadian businesses.

When it started up in the US in 1994, Capi..

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The New Front In Cybersecurity: How to prevent hackers from taking down critical infrastructure
June 3, 2016

On December 23, 2015, hackers took down the power grid in a region of Western Ukraine, triggering the first blackout ever caused by a cyber attack. This attack was part of a broader trend, as hackers are increasingly exploring ways to target critical infrastructure like power grids, transportation systems, hydroelectric dams, and chemical plants.

Few cyber attacks against critical infrastructure have had the level of success and sophistication as the attack in Ukraine though. The attackers spent months laying groundwork before storming the power grid’s control systems on the day of the blackout. Experts say that other hackers could leverage some of the same tools and tactics used in the attack to target control systems for other critical infrastructure targets.

These control systems are increasingly being connected to the internet as part of the growing adoption of the Internet of Things among enterprises in utilities and other sectors. However, these systems have often been in place..

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Brexit could have a devastating effect on the UK tech industry
June 3, 2016

If Britain votes to leave the European Union, many in the nation's technology industry fear it could have a ruinous impact. General opinion polls may be split, but the tech sector overwhelmingly opposes a “Brexit.”

In one poll, a staggering 87% of respondents opposed Britain leaving the European Union.

The industry's fears are numerous., according to a range of CEOs and lawyers surveyed by Business Insider. It will make it harder to recruit and keep the best talent. It could put international companies off coming to Britain. It may make it more difficult for startups to raise capital.

Perversely, given Brexiteers' attacks on “EU red tape,” it could make British tech businesses subject to even more regulation.

Even so, despite the tech industry's protestations, the Leave camp could still win the day. So if Britain votes to leave the European Union, what happens next?

British businesses might be subjected to two regulatory regimes
Let’s start with data, the lifeb..

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10 things in tech you need to know today (TWTR, YHOO, AMZN, FB, GOOG)
June 3, 2016

Good morning! Here's the technology news you need to know this Friday.

1. More people now use Snapchat on a daily basis than Twitter. The app has 150 million daily active users.

2. Prominent UK politicians are questioning crowdfunding after a string of high-profile failures. The chair of the influential Treasury Select Committee is asking questions about crowdfunding regulation.

3. Brexit could have a devastating effect on the UK tech industry. We take a look at the rules and regulations that could change.

4. A report claims that Twitter and Yahoo held merger talks. The New York Post says Twitter CEO Jack Dorsey didn't show up, though.

5. Analysts estimate that Amazon has up to 69 million Prime subscribers. People in the UK use Prime Video more than people in the US.

6. Facebook is changing its rules so that Mark Zuckerberg can’t keep control if he leaves. Zuckerberg cannot pass his majority control to his descendants.

7. Tribune Publishing is changing its name to tron..

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THE PAYMENTS INDUSTRY EXPLAINED: The Trends Creating New Winners And Losers In The Card-Processing Ecosystem
June 3, 2016

The way we pay is changing dramatically. For example, people are beginning to use their smartphones for every kind of formal and informal transaction — to shop at stores, buy songs online, and even split their rent.

At the heart of these changes in how we pay are thousands of companies competing and collaborating to facilitate transactions.

To understand why the payments industry has faced so much disruption in such a short time, there's just one key thing to understand: Payments is about transferring information from one party to another, and nearly every stakeholder in the industry benefits when that process runs on digital rails.

But payments is also an extremely complex industry that few fully understand.

In BI Intelligence's 2016 Payments Ecosystem report, we make it simple, explaining how it works, who the key players are, and where it's headed.

In this latest edition of the report, BI Intelligence drills even further into the industry to explain how a broad r..

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Ex-Barclays CEO Antony Jenkins thinks technology could undermine a fundamental principle of banking
June 3, 2016

Former Barclays CEO Antony Jenkins thinks technology could do away with maturity transformation — a core part of retail banking — according to a report in the Telegraph.

The paper reports that Jenkins made the comments in a speech to the Institute of Chartered Accountants in England and Wales on Thursday night.

Maturity transformation is where banks take short-term deposits — current accounts, easy access savings accounts — and use it to fund longer-term products such as mortgages. This is central to how retail banks make their money, profiting between the difference in interest rate offered to savers and charged to borrowers.

The Telegraph report doesn't specifically say how this feature will be eroded but points to the rise of marketplace lenders like RateSetter and Funding Circle that match savers and borrowers directly, cutting out the banks who sit in the middle.

City AM reports that the end of maturity transformation is only one of several predictions made by Jenkins in ..

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THE WIRELESS CARRIERS REPORT: Industry shake-ups, ripple effects across mobile, and the big changes ahead
June 3, 2016

The wireless industry is in a state of flux. AT&T and Verizon have dominated the carrier market over the past seven years while T-Mobile and Sprint have struggled to gain subscribers. Then in 2013, T-Mobile tweaked its strategy to turn around its business.

This move, along with slowing smartphone adoption and other forces in the mobile industry, killed the two-year contract and initiated an ongoing price war between carriers. The movement away from the contract model is not only changing the way carriers operate, it’s affecting the myriad of industries that rely on carriers’ services.

In a new report from BI Intelligence, we examine how the wireless industry has fundamentally changed since carriers began aggressively responding to the launch of T-Mobile’s “Un-Carrier” movement. We also look at the factors underpinning changes in the broader wireless industry and the challenges carriers face in 2016 and beyond, including the upcoming spectrum auction and the deployment of new wireless..

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One of Steve Jobs’ longtime advisors says Apple’s iPhone names are confusing customers (AAPL)
June 3, 2016

Ken Segall is a veteran advertising executive who worked closely with Steve Jobs at Apple for years. But he has written in The Guardian that the modern Apple under the leadership of CEO Tim Cook has created “confusing” products that he finds “bewildering.”

Segall worked on campaigns such as “Think Different,” and also created the name iMac. So he knows what branding worked for Apple after Jobs' return in 1997.

In his Guardian article, Segall criticises Apple's policy of “S” upgrades for iPhones. After every major upgrade (the iPhone 6, for example) comes another, more subtle upgrade (like the iPhone 6S.) Segall says this naming policy is an “absurdity” that “has only served to confuse customers, and make it significantly more difficult for marketing to do its job.”

This isn't the first time that Segall has spoken out about what he sees as flaws in Apple. He previously called Apple's product names “weak” and “awkward” in a 2013 blog post.

Elsewhere in the Guardi..

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