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Top 5 Healthcare Startups & Digital Health Tech Disruptors

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bii top 5 startups to watch in digital health

The healthcare industry is facing disruption due to accelerating technological innovation and growing demand for improved delivery of healthcare and lower costs. Tech startups are leading the way by seizing opportunities in the areas of the industry that are most vulnerable to disruption, including genomics, pharmaceuticals, administration, clinical operations, and insurance.

Venture funds and businesses are taking notice of these startups' potential. In the US, digital health funding reached $1.6 billion in Q1 2018, according to Rock Health — the largest first quarter on record, surpassing the $1.4 billion in venture funding seen in Q1 2016. These high-potential startups provide a glimpse into the future of the healthcare space and demonstrate how we’ll get there.

In this report, a compilation of various notes, Business Insider Intelligence will look at the top startups disrupting US healthcare in four key areas: artificial intelligence (AI), digital therapeutics, health insurance, and genomics. Startups in this report were selected based on the funding they've received over the past year, notable investors, the products they offer, and leadership in their functional area.

Here are some of the key takeaways from the report:

  • Tech startups are entering the market by applying the “Silicon Valley” approach. They're targeting shortcomings and legacy systems that are no longer efficient.
  • AI is being applied across five areas of healthcare to improve clinical operation workflows, cut costs, and foster preventative medicine. These areas include administration, big data analysis, clinical decision support, remote patient monitoring, and care provision.
  • Health tech startups, insurers, and drug makers are rapidly exploring new ways to apply digital therapeutics to the broader healthcare market that replace or complement the existing treatment of a disease.
  • Health insurance startups are taking advantage of the consumerization of healthcare to threaten the status quo of legacy players. 
  • Genomics is becoming an increasingly common tool within the healthcare system as health organizations better understand how to extract the value from patients’ genetic data. 

 In full, the report:

  • Details the areas of the US health industry that show the greatest potential for disruption.
  • Forecasts the industry adoption of bleeding edge technology and how it will transform how healthcare organizations operate.
  • Unveils the top five startups in AI, digital therapeutics, health insurance, and genomics, and how they're positioned to solve big issues that key players in healthcare face. 
  • Explores what's next for the leading startups, providing a glimpse into the future of the healthcare space and demonstrating how we’ll get there.

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Here are the US cities we know will have 5G networks lit up for Samsung's new Galaxy S10 5G phone

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Galaxy S10 5G

  • The SamsungGalaxy S10 5G is the first 5G smartphone, and owners will be able to connect to some 5G networks in certain cities, depending on their carriers, when it's released. 
  • The lineup of cities lit up with 5G is pretty limited so far.
  • Some carriers might roll out their 5G networks later this year, but they might not be compatible with the Galaxy S10 5G
  • The Galaxy S10 5G is an early adopter device that most people shouldn't buy if they want a long-term 5G smartphone. 

Here it is, the first smartphone that can connect to fabled 5G networks — the Galaxy S10 5G, which Samsung unveiled on Wednesday alongside the company's flagship Galaxy S10, Galaxy S10 Plus, and even its new foldable smartphone, the Galaxy Fold

With 5G comes the promise of super fast data speeds, virtually zero latency (websites and videos will appear almost instantaneously), and fewer speed drops when networks get congested during peak hours. 

Indeed, the Galaxy S10 5G comes with different hardware than the regular Galaxy S10 phones that allows it to connect to 5G networks. That extra hardware is Qualcomm's X50 modem. All phones have modems, but the X50 is one of the first that can connect to a 5G network. 

The problem is that there are several different types of 5G networks, like "sub-6GHz" and "millimeter wave," and Qualcomm's X50 modem only supports the millimeter wave 5G spectrum. 

That's actually fine for some of the mobile 5G networks that currently exist and are rolling out in 2019, but carriers will start using the sub-6GHz 5G spectrum over time as they expand their 5G networks. That means Galaxy S10 5G users will be able to enjoy some earlier 5G networks from their carriers, but as carriers expand their 5G networks starting in 2020, Galaxy S10 5G owners will be left in the past. 

Check out which cities feature — or will feature — a 5G network that are compatible with the Galaxy S10 5G:

SEE ALSO: I tried the entire lineup of Samsung's new Galaxy S10 phones. Here's what they're like in person.

Real quick: What you're looking for with the Galaxy S10 5G is "millimeter wave," not "sub-6GHz" 5G.

Most carriers are using millimeter wave 5G now, and will eventually expand or move over entirely to sub-6GHz over time.

Sub-6GHz 5G networks will supposedly come with many of the overall benefits of "5G" as a whole, like faster speeds, lower latency, and less congestion than the current LTE networks. They'll also have significantly more range than "millimeter wave" networks, too.

However, sub-6GHz networks won't be as fast as "millimeter wave" 5G networks.



Verizon.

The Samsung Galaxy S10 5G will be initially exclusively sold by Verizon when it's first released.

With that said, Verizon has arguably the least detailed outlook for its mobile 5G network rollout out compared to other US carriers. 

On Thursday, Verizon's CEO Hans Vestberg told investors that the company will roll out mobile 5G networks to 30 cities this year, according to The Verge. However, it wasn't clear which cities are included in the list, when, and which mobile 5G networks — whether millimeter wave or sub-6GHz — would be rolled out in 2019. 

PCMag's Sascha Segan said that the Galaxy S10 5G will work on Verizon's millimeter wave 5G network when it rolls out, but it won't let users enjoy Verizon's expanded sub-6GHz 5G network when it rolls out in 2020 or 2021.



AT&T.

AT&T is currently the only US carrier to offer actual, real mobile 5G that should work with the new Galaxy S10 5G when it's released. PCMag's Segan notes, however, that the Galaxy S10 5G won't support AT&T's expanded sub-6GHz 5G coverage coming later this year.

So far, AT&T's mobile 5G networks that's compatible with the Galaxy S10 5G can be found in "select areas" of the 12 cities, including:

FL: Jacksonville
GA: Atlanta
IN: Indianapolis
KY: Louisville
LA: New Orleans
NC: Charlotte, Raleigh
OK: Oklahoma City
TX: Dallas, Houston, San Antonio, Waco

In 2019, AT&T plans to rollout its mobile 5G network to nine more cities, but it's not clear if the Galaxy S10 5G will be compatible with AT&T's 5G networks there. These cities include:

NV: Las Vegas
CA: Los Angeles, San Diego, San Francisco, San Jose
TN: Nashville
FL: Orlando
MN: Minneapolis
IL: Chicago

By early 2020, AT&T promises nationwide 5G, but it won't be compatible with the Galaxy S10 5G. That's because AT&T will be rolling out its sub-6GHz 5G network, which the Galaxy S10 5G doesn't support. 



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Nintendo of America's new president is named Bowser, and everyone is making the same jokes (NTDOY)

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Doug Bowser and Bowser Bowser

  • Doug Bowser will be the president of Nintendo of America, taking over for Reggie Fils-Aime, who will retire on April 15.
  • Bowser, also known as King Koopa, is also the name of the iconic villain at the center of Nintendo's "Super Mario" franchise.
  • As news of Bowser's promotion broke, fans joked in unison that Mario's archnemesis had finally seized control of the company.

Nintendo of America is getting a new president in April, but his name is already familiar to the company's millions of fans. Doug Bowser, Nintendo of America's next president, shares a name with Bowser, the archnemesis of Nintendo's mascot Mario.

Nintendo fans first picked up on the coincidence when Bowser was hired as vice president of sales in 2015, but his new role as president has led to a fresh round of memes flooding social media.

For the uninitiated, Bowser is a walking, talking, fire-breathing reptile with an affinity for kidnapping princesses. While he's most often found battling Mario, he's appeared in a variety of franchise spinoffs, including the "Mario Kart" and "Mario Tennis" franchises. 

Bowser

While Nintendo fans are reluctant to say goodbye to Nintendo's beloved president, Reggie Fils-Aime, when he retires on April 15, many took the opportunity to lean into the coincidental situation and congratulate Bowser on finally taking over Nintendo.

Read more: Long-time Nintendo of America President Reggie Fils-Aime will retire in April

One meme referenced the human (or, at least, humanoid) version of Bowser played by Dennis Hopper in 1993's much maligned "Super Mario Bros." movie. Hopper's character was named "President Koopa" in the film — a play on Bowser's name in Japan, King Koopa.

When fans first went crazy over his hiring in 2015, Bowser took some time to thank them for the extra attention, but they quickly noticed something amiss in the picture he shared.

While fans may be torn over Fils-Aime's retirement in April, it looks like there's no shortage of fun to be had with the incoming president and his comically coincidental name. It remains to be seen if Bowser will take on Fils-Aime's role as a central face in Nintendo's marketing and press materials moving forward.

SEE ALSO: Watch the Nintendo president's heartfelt video message to fans about his retirement: 'Thank you'

SEE ALSO: Long-time Nintendo of America President Reggie Fils-Aime will retire in April, and Doug Bowser will replace him

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NOW WATCH: Here's how to use Apple's time-saving app that will make your life easier

Trust is the main barrier to smart speaker adoption – here's what companies can do about that

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This is a preview of a research report from Business Insider Intelligence, Business Insider's premium research service. To learn more about Business Insider Intelligence, click here. Current subscribers can read the report here.

trust smart speaker makersSmart speakers comprise one of the fastest-growing device segments in the consumer technology market today. Ownership levels have nearly doubled from early 2017 to summer 2018. 

With this rapid growth, there are a few pivotal questions that both companies looking to develop and sell smart speakers as well as those looking to sell products, deliver media, and offer access to services like banking over these devices need answers to in order to craft successful strategies. In particular, they need to know who is and isn’t buying smart speakers, and what consumers who own smart speakers are actually doing with them. 

To offer these stakeholders insight, Business Insider Intelligence asked more than 500 US consumers about their knowledge of smart speakers, the devices they do or don’t own and what led them to their purchase decisions, as well as the tasks they’re using their smart speakers for.

In this report, Business Insider Intelligence will look at the state of the smart speaker market and outline how each of the major device providers approaches the space. We will then focus on the key factors that affect whether or not someone owns one of these devices. Next, we will use our survey data to outline the reasons why people don’t own devices in order to offer guidance for who to target and how. Finally, we will discuss what consumers are actually doing with their smart speakers — specifically looking at how the devices are used and perceived in e-commerce, digital media, and banking — which can help companies determine how well they’re publicizing their smart speaker services and capabilities.

The companies mentioned in this report are: Amazon, Google, Apple, Samsung, Facebook, Sonos, LG, Anker, Spotify, Pandora, Grubhub, Netflix, Hulu, Instagram, Snap.

Here are some key takeaways from the report:

  • Despite their growing popularity, nearly half of respondents still don't own a device — which presents a long runway for adoption. Our survey data reveals a number of key factors that impact whether or not someone owns one of these devices, including income, gender, and age.
  • Smart speakers are establishing themselves as a key platform for e-commerce, media, and the smart home.
  • The introduction of a screen to some smart speakers will expand the possibilities for companies developing for the device — but developers will need to resist the compulsion to use speakers to accomplish too much.

In full, the report:

  • Provides an overview of the key players and products in the smart speaker market.
  • Highlights critical adoption rates broken out by key factors that define the segment.
  • Identifies how consumers are using devices in important areas where companies in various industries are trying foster greater use of the voice interface.

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This $10 dry-cleaning kit has saved me tons of money and trips to the dry cleaner

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The Insider Picks team writes about stuff we think you'll like. Business Insider has affiliate partnerships, so we get a share of the revenue from your purchase.

71ygBNkHf1L._SL1500_

  • Special-care clothing, particularly pieces with a "dry-clean only" label, can be a pain to take care of. Trips to the dry cleaner can be inconvenient and expensive.
  • To extend the life of my special care clothing, I use the Dryel at-home dry-cleaning kit ($9.99).
  • It's an affordable way to keep your special-care garments in great condition and it couldn't be easier to use. Plus, it has saved me tons of money and trips to the dry cleaner over the years.
  • While the kit works wonders on denim, wool, and cashmere, it's worth noting that it can be damaging to certain fabrics like leather, velvet, and silk. 

Is it just me or does anyone else's heart drop a bit when you find an amazing clothing item just to inspect it and find "dry-clean only" inscribed on the tag?

Let's face it: dry cleaning is kind of a pain. Living in New York City, where a laundromat sits on just about every corner, it's not so bad — but getting your clothes dry cleaned can be pricey, and if you have multiple pieces it can add up quickly. If you want to keep your clothes in good condition, though, there's really nothing you can do  — you just have to suck it up, put down those extra dollars, carve out some extra time to head to the laundromat, or incessantly google how long your clothes can last without a wash. At least, that's what I thought until my mother introduced me to this very simple solution (thanks, mom). 

The Dryel at-home dry-cleaner kit does just what it says — it works to clean your special care pieces from the comfort of your own home.

The starter kit comes with everything you need to complete the cleaning process; a garment bag, booster spray, and the patented "ultracleaning" cloth. It's a three-step process that truly couldn't be easier to use.

How to use the kit

Step 1:

Place your garments (up to five) and one ultracleaning cloth into the reusable bag. If any of the pieces are stained or particularly dirty, pre-treat them with the included booster spray before placing in bag.

Step 2:

Put the bag in the dryer and tumble on medium heat for 15 minutes for a quick refresh. If you're looking for a deeper clean, tumble on medium heat for 30 minutes instead. 

Step 3:

Hang your garments so they are wrinkle-free. The end!

How it actually works

You may be wondering if this is some sort of laundry machine magic, but there's actually a very simple explanation. Dryel's ultracleaning cloths are concentrated with a heat-activated cleaning solution that, when met with the heat of your dryer, is released as a steam that penetrates fabric to remove stains and odors. The garment bag protects your special care fabrics from the intense heat of the dryer, so nothing will shrink on you. In the end, you're left with clothes that feel softer and smell fresher. 

For ease of use, Dryel gets an A+, but it also does wonders for your wallet. A starter kit with enough supplies for four loads is only $9.99. When you do the math, that's just about $2.50 per load. If you consider the maximum capacity of five garments per load, you're down to just about fifty cents per garment. Just a few weeks ago I got five pieces dry-cleaned at my local laundromat for about $24. That one trip cost me more than double this entire kit — which has the capacity to clean four times the amount of garments. 

Of course, there are some important things to note. While the kit works wonders on denim, wool, and cashmere, it can be damaging to certain fabrics like leather, velvet, and silk. 

When you compare the prices, it's hard to believe this easy dry-cleaning solution isn't more widely used — or, maybe it is, and I'm just the last one hopping on the bandwagon. 

Get the Dryel at-home dry cleaner starter kit, $9.99, available at Amazon

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Which delivery features are most important to consumers?

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Digital has transformed retail possibilities.Future of Retail 2018: Delivery & Fulfillment

And with e-commerce sales growing at nearly five times the rate of brick-and-mortar sales, retailers need to find cheaper and more efficient ways to deliver e-commerce orders.

But different age groups have different preferences for which delivery and fulfilment options are most important to them.

Find out which delivery features are most important to consumers as well as what fulfillment options retailers should be using to meet consumer demands in this new FREE slide deck from Business Insider Intelligence’s three-part Future of Retail 2018 series.

In this first installment of the series, Business Insider Intelligence explores delivery and fulfillment, including consumers’ delivery preferences, the challenges those demands pose to retailers, and the strategies retailers can use to meet consumers’ expectations of fulfillment without tanking their profitability.

As an added bonus, you will also gain immediate access to our exclusive Business Insider Intelligence Daily newsletter.

To get your copy of the first part of this FREE slide deck, simply click here.

SEE ALSO: 

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IBM's Watson Anywhere lets customers run AI on any cloud they want, and it's a sign that IBM is pulling back from plugging its own cloud (IBM)

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ginni rometty

  • On Feb. 12, IBM announced Watson Anywhere, which allows customers to run IBM's flagship artificial intelligence service on any cloud they want or even on their own equipment.
  • Analysts believe this is an effective strategy and shows that IBM is focusing on its customers who want to use multiple clouds or a hybrid cloud, rather than pushing on its own cloud.
  • But analysts are also skeptical about whether Watson has significant advantages over the artificial intelligence services provided by bigger clouds, like Amazon Web Services or Microsoft Azure.

Instead of losing its breath trying to keep up with the top three leaders in the cloud race, IBM is now taking a more flexible approach, analysts say.

On Feb. 12, IBM announced Watson Anywhere, which allows people to use the company's Watson artificial intelligence on any cloud they want, whether it's a public cloud, a private cloud, or hybrid cloud -- a combination of cloud and data centers.

Watson Anywhere is optimized for IBM's cloud, but the fact that it can also run on any other cloud is a sign that IBM is looking to capitalize on important market trends, such as customers who want to use multiple clouds, says Sid Nag, research director at Gartner.

"IBM is saying, we're not going to compete with the usual suspects," Nag told Business Insider. "We're doing one better where we're going to take our technologies and overlay that not just on IBM cloud, but also the other cloud providers like Amazon, Google, Azure and others. That's their strategy creating more velocity around IBM cloud ecosystem."

Since analysts say it's unlikely that IBM's cloud will reach the scale of Amazon Web Services, Microsoft or Google anytime soon, they see it as an effective strategy that shows IBM is responding to what customers need.

A "very good step"

John Roy, lead analyst at UBS, says allowing customers to use Watson wherever they want is a "wise decision." Otherwise, if IBM kept requiring people to use Watson on IBM's cloud, it would not be sustainable.

"Watson Anywhere is certainly a very good step," Roy told Business Insider. "I think making it available in whatever platform the end user wants to use it on is a very good strategy...You want your core software products used in as many places as possible."

An AI service like Watson that only works on IBM's cloud would be a useful strategy if IBM's cloud had reached sufficient scale, like Amazon or Microsoft's clouds. Currently, AWS and Microsoft Azure offer services that work exclusively on their clouds.

Dave Bartoletti, vice president and principal analyst at Forrester, says Watson Anywhere is somewhat similar to Google's approach of making its AI services, like TensorFlow, available to run anywhere.

"The IBM public cloud has never reached the scale of AWS or Azure, so IBM can’t afford to limit the potential of Watson to its own cloud," Bartoletti told Business Insider. "IBM’s betting that Watson can compete with native public cloud AI services well enough to generate revenue, and that it doesn’t make sense anymore to tie Watson to IBM public cloud."

On the downside, Nag questions whether customers will choose to use Watson, instead of artificial intelligence services that are already provided by the cloud they're using, such as Amazon Rekognition.

The question clients may have, Nag says, is "Why would I use IBM's AI functionality over the major functionalities around AI that my provider already has?"

Read more: IBM dazzled investors with its first annual growth in 7 years, but some doubters aren't buying the comeback story

"IBM's Watson functionalities works on multiple clouds, so that's definitely an advantage, but it's going to be a decision making process on behalf of the buyer," Nag said.

One thing Watson has going for it is its ability to understand natural languages, but some analysts are skeptical about whether it signals progress.

"Watson Anywhere isn't a competitive advantage yet, even though it holds some promise in the future," Clement Thibault, senior analyst at Investing.com, told Business Insider. "I believe this isn't enough to tip the scales in IBM's favor when it comes to cloud providers at the moment."

A hybrid cloud strategy

The fact that Watson can run on hybrid cloud is an advantage, Roy says. Right now, many companies still have to keep some workloads in their in-house data centers due to regulations, and the only top 3 cloud provider that has a generally available hybrid cloud service is Microsoft. This means hybrid cloud customers can use Watson instead of AWS or Google's AI services.

As for its own cloud, IBM will focus its energies on its upcoming acquisition of Red Hat to enhance its hybrid cloud.

In the near term, analysts sees IBM focusing on its software and consulting services that help customers manage different clouds, rather than pushing its own cloud forward. And company trust is on IBM's side — customers still see IBM as a strong player in the enterprise.

"IBM is saying, 'We're going to meet the customer where they are, give them choices and gain more revenue to the service rather than build a public cloud,'" Nag said. "That's their strategy."

SEE ALSO: Google Cloud's first major launch under new CEO Thomas Kurian is a tool to take on Amazon and Microsoft and win larger customers

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NOW WATCH: Earth's north magnetic pole is on the move — here's what will happen when our poles flip

Facebook's plan to eat the $127 billion data center market swallowed $2.5 billion last year, and will soon gobble more than $10 billion a year (FB)

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Zuck smile

  • The Open Compute Project was founded by Facebook several years ago to create faster, cheaper, designs for data center hardware that are free for anyone to use.
  • It has become a wildly popular project, and now includes Microsoft, Google, Apple, Goldman Sachs and other big companies.
  • A new report commissioned by OCP says that its hardware, excluding that bought by its board members like Facebook and Microsoft, has become a $2.5 billion market, and will grow to $10 billion in three years.
  • Next up: the telecom industry.

The Open Compute Project began its life at Facebook as a revolutionary idea to do for data center hardware what Linux and open source software did for the software market. In other words, the OCP comes up with cutting-edge, super-efficient designs that any company can use to build their own hardware. 

And the OCP has succeeded, by most reasonable metrics. The project has created a fanatical following among data center engineers, and has led to the creation of products in 10 categories, including networking, servers, and storage. 

And in terms of dollars and cents: On Thursday, the preliminary results of a new market assessment report commissioned by OCP was released. That report finds that companies spent more than $2.5 billion on OCP-designed products in, up from $1.16 billion year the before.

Read: AT&T signed an '8-digit' deal that isn't good news for VMware, Cisco, or Huawei — but could be great for Google Cloud

And this report doesn't actually reveal the true amount being spent on OCP gear.

It deliberately hides what the project's board member companies are spending on their OCP equipment, which includes Facebook, Goldman Sachs, Intel, Microsoft and Rackspace. Those companies run enormous data centers and buy a lot of data center equipment, meaning the real figure is likely higher. 

The reason the board members are excluded is to try and show that the project is having an impact beyond the handful of companies in leadership roles — although it's a bit coy of the organization to keep mum on how much money those companies pour into the ecosystem.

Even so, the commissioned report makes a fair case that OCP is creating a multi-billion market.

Excluding the purchases of board members, OCP products account for nearly 1% of the total data center market, which it pegs at $127 billion, the report says.

Interestingly, the report also finds that the overall data center equipment market is shrinking, from $137 billion in 2017 to $127 billion in 2018. Companies across the board are reducing their use of private data centers, as their use of the cloud increases. And OCP includes many of the big cloud providers that are taking those workloads, including Microsoft, Google and Rackspace.

Simply put, that means that OCP has been eating the data center market in a measurable way.

Engineers love it

OCP's goal is to take the power out of the hands of traditional server and networking vendors like Hewlett Packard Enterprise, Dell, or Cisco, and put it into the hands of the companies who buy and use that hardware.

While all three of those companies have joined the project, OCP members design their own servers, storage, and networking gear, making them cost less and perform faster than traditional commercial alternatives. Then, they share their designs for free. Anyone can modify those designs for their own use, or share them with the group.

OCP SummitEngineers love it. They get to freely collaborate with other top engineers trying to solve the same problems without worrying about protecting intellectual property or trade secrets.

Contract manufactures are available to build the gear, too, to make it easier for even smaller companies to take advantage of OCP gear. 

OCP has also become such a big thing that a growing list of vendors, including HPE and Dell, also make commercial products that match OCP specifications. So OCP-designed products can be bought off-the-shelf. They don't have to be custom-ordered, lowering the bar to entry.

Next up: the telecom industry

With a loyal following of data center engineers, OCP and Facebook have moved on to a related industry: telecom equipment. 

Through OCP, telecom providers like AT&T and Deutsche Telekom are working on open source designs for routers and the other equipment that run their networks. This is gear that would challenge networking giants including Cisco and Juniper.

A few years ago, Facebook also launched a telecom-specific organization called the Telecom Infra Project. It is working on projects like open source telecom radio transmitters. This is gear that would take on the likes of Ericsson, Nokia and Huawei at this especially critical time, when telcos are upgrading their networks to 5G.

Meanwhile, the telecom industry has also decided that it wanted to lead its own open-source hardware project, away from Facebook.

A project called the O-RAN Alliance has gained steam, and includes a who's who of the major telecom companies worldwide. This includes AT&T, T-Mobile, Verizon, Sprint, SoftBank, SK Telecom, Telefónica, and others.

The industry scuttlebutt is that the two groups, TIP and O-RAN, are going to announce some sort of collaboration next week at Mobile World Congress so they don't duplicate efforts as they work to to upend the global telecom equipment industry.

Read: Bill Gates warns of the dangers of cow farts — and the world should take his words seriously

AT&T Amy WheelusOCP's market research report doesn't shed much light on how much money the telcos might shift to these new open source creations.

But it does show that telecom companies are one of the major users of OCP gear — including servers, storage and OCP's optical networking equipment.

Meanwhile AT&T has taken open source even further. It's leading a project called Airship to share software that it's building to run and manage its 5G network. This software can be used for lots of other data center needs at all sorts of other companies.

The radical idea that launched OCP is turning into a full-fledged hardware industry coup.

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NOW WATCH: Michael D'Antonio reveals Donald Trump's 'strange' morning ritual that boosts his ego


The Trade Desk says YouTube's brand-safety snafu is its gain as brands like McDonald's and AT&T pull ads from the video platform

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jeff green

 

  • Ad-tech firm The Trade Desk's revenue soared in 2018 to $477 million, ahead of its guidance of $464 million.
  • Fourth-quarter revenue grew 56% year-over-year to hit $160.6 million.
  • The company's move into streaming TV advertising particularly boosted revenue.

The Trade Desk continues to be an outlier among ad-tech companies that struggling to grow ad revenue as more of those dollars go to Facebook and Google.

The company reported $160.6 million in fourth-quarter 2018 revenue on Thursday, primarily boosted by growth in programmatic ad dollars flowing to connected TV devices and audio.

The programmatic advertising firm reported a total of $477 million in revenue during 2018, up 55% from $308.2 million in 2017. The Trade Desk's technology plugs into agency trading desks to power programmatic advertising.

In 2019, The Trade Desk said that it expects to grow faster than the rest of the programmatic industry, making at least $637 million with gross spending on its platform hitting at least $3.2 billion, said Jeff Green, The Trade Desk's CEO, during the earnings call.

Programmatic firms are making connected TV gains

The Trade Desk saw the biggest growth from connected TV, where spending grew 525% year-over-year. Mobile spend jumped 69%. while programmatic audio spending grew 230%.

During the fourth-quarter, more than 160 advertisers spent more than $100,000 each on connected TV advertising, Green said. In 2018, the company's inventory for streaming TV ads grew sixfold, with the bulk of new inventory coming from networks like NBCUniversal, A+E Networks and CBS that are  building their own streaming services.

Read more:Ad-tech companies and networks are pinning hopes on streaming TV, but OTT is full of headaches for marketers

He added that inventory is also coming from digital players like Hulu, which works with The Trade Desk to power programmatic advertising.

But streaming TV ads are significantly more expensive with higher cost-per-impressions (or CPM) prices than display ads. Over time, prices will come down as more premium content becomes available, Green said. 

"I don't think it will have any big, long-term effect on our fee structure because we add so much more value by bringing data to the table," he said. "Time will tell there but I think we're in a really strong position."

This week, big brands like McDonald's and AT&T pulled their YouTube ads after it was revealed that ads ran alongside videos with inappropriate comments. Asked about what the pushback against YouTube means for The Trade Desk, Green said that he expects to see a short-term increase in spending from big advertisers over the coming weeks.

"There's a bunch of dollars that need to find a new home," he said. "I do think it represents an opportunity for us, but I think it's hard for all those advertisers to move away from YouTube."

China holds a lot of potential

The Trade Desk's move into China was another big topic on the earnings call. The Trade Desk has long eyed Asia as a source for growth and analysts repeatedly asked Green for details on the company's plans, particularly in China. According to Green, 86% of the firm's revenue comes from the US, with the goal to get two-thirds of revenue from international markets.

"The fastest-growing and largest middle class in the history of the world is emerging here in Asia, and global brands want to reach these new consumers," Green said.

Specifically, Green mentioned Alibaba, Baidu and Tencent as critical media partners in Asia. However, the Chinese market is notoriously difficult for marketers to crack. Green emphasized that the country is a "long-term investment."

Because the Chinese companies have been slower to ramp up advertising, Green said that they have a benefit from learning from Facebook, Google and Amazon's measurement mistakes and walled gardens.

"There's actually clearer lines with Baidu, Alibaba and Tencent than there is with Google, Amazon and Facebook, which makes it much easier to have conversations about activating data," he said. "I don't think we're going to have the same debates and evolution that we had in the rest of the world."

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NOW WATCH: Michael D'Antonio reveals Donald Trump's 'strange' morning ritual that boosts his ego

How consumers rank Facebook, Twitter, Snapchat, Instagram, LinkedIn, and YouTube on privacy, fake news, content relevance, safety, and sharing (FB, GOOGL, TWTTR, MSFT, SNAP)

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  • Digital trust is the confidence people have in a platform to protect their information and provide a safe environment for them to create and engage with content.
  • Business Insider Intelligence surveyed over 1,300 global consumers to evaluate their perception of Facebook, Twitter, Snapchat, Instagram, LinkedIn, and YouTube.
  • Consumers’ Digital Trust rankings differ across security, legitimacy, community, user experience, shareability, and relevance for the six major social networks.

If you feel like “fake news” and spammy social media feeds dominate your Internet experience, you’re not alone. Digital trust, the confidence people have in platforms to protect their information and provide a safe environment to create and engage with content, is in jeopardy.

Digital Trust Rankings 2018

In fact, in a new Business Insider Intelligence survey of more than 1,300 global consumers, over half (54%) said that fake news and scams were "extremely impactful” or “very impactful” on their decision to engage with ads and sponsored content.

For businesses, this distrust has financial ramifications. It’s no longer enough to craft a strong message; brands, marketers, and social platforms need to focus their energy on getting it to consumers in an environment where they are most receptive. When brands reach consumers on platforms that they trust, they enhance their credibility and increase the likelihood of receiving positive audience engagement.

The Digital Trust Report 2018, the latest Enterprise Edge Report from Business Insider Intelligence, compiles this exclusive survey data to analyze consumer perceptions of Facebook, Twitter, Snapchat, Instagram, LinkedIn, and YouTube.

The survey breaks down consumers’ perceptions of social media across six pillars of trust: security, legitimacy, community, user experience, shareability, and relevance. The results? LinkedIn ran away with it.

As the most trusted platform for the second year in a row – and an outlier in the overall survey results – LinkedIn took the top spot for nearly every pillar of trust — and there are a few reasons why:

  • LinkedIn continues to benefit from the professional nature of its community — users on the platform tend to be well behaved and have less personal information at risk, which makes for a more trusting environment.
  • LinkedIn users are likely more selective and mindful about engagement when interacting within their professional network, which may increase trust in its content.
  • Content on LinkedIn is typically published by career-minded individuals and organizations seeking to promote professional interests, and is therefore seen as higher quality than other platforms’. This bodes well for advertisers and publishers to be viewed as forthright, honest, persuasive, and trustworthy.

Want to Learn More?

Enterprise Edge Reports are the very best research Business Insider Intelligence has to offer in terms of actionable recommendations and proprietary data, and they are only available to Enterprise clients.

The Digital Trust Report 2018 illustrates how social platforms have been on a roller coaster ride of data, user privacy, and brand safety scandals since our first installment of the report in 2017.

In full, the report analyzes key changes in rankings from 2017, identifies trends in millennials' behavior on social media, and highlights where these platforms (as well as advertisers) have opportunities to capture their attention.

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After topping Wall Street's estimates, Roku's in 'a strong position' to take on Amazon and other rivals, says its CFO (ROKU)

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  • Roku, which has transformed itself into an ad-based business, is in a prime position to compete in the free streaming video market, Steve Louden, its chief financial officer said.
  • It not only knows what people are watching, it can direct viewers to channels that run its ads, including its own Roku Channel, he said.
  • That gives it a leg up on some of its competitors, such as Amazon, which just launched its own free streaming video channel.

Roku isn't worried about Amazon or anyone else horning in on its cash cow.

The electronics maker has transformed itself in recent years into an advertising business, thanks in no small part to the Roku Channel, an advertising-supported free streaming video service that's available on Roku devices and through the web. Last month, though, Amazon launched a rival service called Freedive from its IMDb unit that threatens to steal viewers and ad dollars from Roku's offering.

But that's not how Steve Louden, Roku's chief financial officer, sees it. Amazon's entry — along with similar services from YouTube, Vudu, and others — just serve as "validation" for the Roku Channel and the ad-supported streaming business in general.

"We're strong supporters of ad-supported content," Louden told Business Insider in an interview on Thursday, just after the company reported its fourth-quarter results.

Read this: Amazon's got its eyes set on yet another market — and one high-flying upstart should be worried

Roku topped analyst expectations as revenue from its platform business — which includes its advertising sales — jumped 77% from the holiday period of 2017.

Roku is in "a strong position"

The streaming video company is in a better position than many of its rivals to capitalize on ad-supported video market, Louden said. Its control of not just a streaming channel, but a streaming media platform — through its Roku streaming boxes and smart televisions that run its operating system — gives it important data on users' viewing habits that competitors don't have, he said. Through its platform, Roku also has the ability to steer viewers to the Roku Channel and other places that run its video ads.

"That puts us in a strong position," he said.

Amazon too has its own platform in the form of its Amazon Fire TV devices, and it has plenty of data on viewing habits through that, its Amazon Fire tablets, and its Prime Video service. But Louden seemed unconcerned, suggesting that Amazon and many of Roku's other competitors can't fully match up with it. Roku can offer advertisers both the data they need to target their ads and a large viewership for them.

"That's where a lot of folks have gaps," he said.

Here's what Roku reported and how it compared with Wall Street's expectations:

  • Fourth-quarter (Q4) revenue: $275.7 million. Analysts had forecast $262.4 million.
  • Q4 earnings per share (EPS): 5 cents. Wall Street was expecting 3 cents a share.
  • First-quarter (Q1) revenue (company guidance): $185 million to $190 million. Analysts had projected $188.8 million.
  • Q1 EPS (guidance): Roku forecast that it will lose $28 million to $32 million, which works out to a per-share loss of 23 to 26 cents, assuming its share count stays stable. Wall Street was forecasting a loss of 12 cents a share.
  • 2019 full-year revenue (guidance): $1 billion to $1.025 billion. Analysts had forecast for $985.4 million.
  • 2019 EPS (guidance): The company projected a loss of between $80 million and $90 million, which is about 65 cents to 73 cents a share, assuming its share count remains the same. Analysts had predicted a full-year loss of 23 cents a share.

Roku's stock jumped $2.72, or 5%, to $54.20 in after-hours trading. Its shares closed regular trading off $2.16, or 4%, to $51.48.

SEE ALSO: Roku's CEO says his business is doing 'great' — even if investors aren't convinced

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NOW WATCH: The science behind why your phone shuts down when it's cold outside

Judge orders US Coast Guardsman accused of plotting domestic terrorism to remain behind bars

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  • In a courtroom in Greenbelt, Maryland, Magistrate Judge Charles B. Day sided with prosecutors' request to hold US Coast Guardsman Lt. Christopher Paul Hasson — who is accused of being a "domestic terrorist"— without bail.
  • The judge said they will revisit the request in 14 days, giving prosecutors two weeks to build their case.
  • Hasson, 49, was arrested on February 15, by FBI Baltimore special agents and Coast Guard Investigative Service, on drug and weapons charges, according to the initial criminal complaint.
  • Public defender Julie Stelzig, pushed back against prosecutors, CBS News reported, saying that they were making accusations without evidence.

A judge in Greenbelt, Maryland, sided with prosecutors' request to hold US Coast Guardsman Lt. Christopher Paul Hasson — who is accused of being a "domestic terrorist"— without bail.

During a hearing held on Thursday, Magistrate Judge Charles B. Day said the court would revisit the request in 14 days, giving prosecutors two weeks to build their case.

Hasson, 49, was arrested on February 15 by FBI Baltimore special agents and Coast Guard Investigative Service on drug and weapons charges, according to the initial criminal complaint.

However, in a motion to detain Hasson pending trial filed on February 19, prosecutors laid out what they allege to be Hasson's plot to target lawmakers and journalists.

"The defendant is a domestic terrorist, bent on committing acts dangerous to human life that are intended to affect governmental conduct," the motion to detain pending trial reads.

During the hearing on Thursday afternoon, federal prosecutor Jennifer Sykes argued that initial charges were just the "tip of the iceberg," according to NBC News.

Authorities found 15 firearms and over 1,000 rounds of ammunition, according to the motion filed on Tuesday. Prosecutors also accuse the defendant of possession of the schedule IV opioid called Tramadol.

In court, Sykes alleged that Hasson spent time on his US Coast Guard computer researching domestic terrorists like the Unabomber and the Virginia Tech gunman, CBS News reported.

Court documents also point to a letter allegedly written to American neo-Nazi leader that Hasson ended up sending to himself, where he calls for violence and self identifies as a white nationalist who supports a "white homeland."

Read more:Federal prosecutors say US Coast Guard lieutenant plotted 'massive domestic terror attack' targeting civilians, politicians, and journalists

In their motion for detainment pending trial, prosecutors also allege that he spent time perusing the manifesto of Norwegian right-wing terrorist Anders Behring Breivik, who was charged with murdering 77 people in Norway in July of 2011.

Law enforcement found a stockpile human growth hormone. Breivik suggests "an assailant should begin a six-week steroid cycle once all the equipment and components for their operation has been acquired and the preparation phase begins," court documents say.

They also claim that Hasson had created an Excel spreadsheet with what prosecutors allege were potential targets — including CNN and MSNBC personalities and Democratic lawmakers. The prosecutors also allege he Googled things like where members of congress live and "civil war if trump impeached."

Public defender Julie Stelzig, pushed back against prosecutors, CBS News reported, saying that they were making accusations without evidence.

"It is not a crime to think negative thoughts about people," she said, according to CBS News.

Hasson was with the US Coast Guard for 28 years; Stelzig called him a "committed public servant." He had been working at US Coast Guard headquarters in Washington, DC since 2016. Hasson also served in the US Marine Corps from 1988 to 1994.

SEE ALSO: Federal prosecutors say US Coast Guard lieutenant plotted 'massive domestic terror attack' targeting civilians, politicians, and journalists

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NOW WATCH: North Korea's leader Kim Jong Un is 35 — here's how he became one of the world's scariest dictators

Here's why current smart home device owners are appealing to tech companies

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This is a preview of a research report from Business Insider Intelligence, Business Insider's premium research service. To learn more about Business Insider Intelligence, click here.

Not that long ago, many home-appliance and consumer-electronics makers were gearing up for what they thought would soon be a rapidly growing market for smart home devices.

The instant popularity of the Nest thermostat, introduced in 2011, seemed to confirm their hopes. But those expectations were dashed in the coming years as the market for connected home devices later stagnated. 

Even with these challenges, many of the biggest consumer technology companies are now moving into the smart home market. For example, Apple, which recently released its self-installed smart home ecosystem, called the Apple Home, traditionally doesn't move into a market until it's very mature and only when it can release a perfected product. Further, Google this fall launched the Google Home and its companion ecosystem, hoping to jump into the voice-activated smart home speaker market, which Amazon currently dominates with its Echo product line. 

In a new report, Business Insider Intelligence examines the demographics of the average smart home device owner and discuss why current smart home device owners are appealing to tech companies. The report also examines the plans of various tech giants in the smart home market and discuss their monetization strategies, and makes suggestions for how these companies can position themselves to make their products and devices more appealing to the mass market.

Here are some key takeaways from the report:

  • Tech companies primarily enter the market to enhance a core revenue stream or service, while device makers desire to collect data to improve their products and prevent costly recalls.
  • We forecast there will be $4.8 trillion in aggregate IoT investment between 2016 and 2021.
  • These companies are also seeking to create an early-mover advantage for themselves, where they gain an advantage by this head start on adoption.
  • Major barriers to mass market adoption that still must overcome include technological fragmentation and persistently high device prices.

In full, the report:

  • Details the market strategy of prominent tech companies and device makers, and analyzes why which ones are best poised to succeed once adoption ticks up.
  • Offers insight into current ownership through an exclusive survey from Business Insider Intelligence and analyzes what demographics will drive adoption moving forward.
  • Explains in detail which companies are poised to succeed in the market in the coming years as adoption increases and mass market consumers begin to purchase smart home devices.

 

Join the conversation about this story »

NOW WATCH: Netflix copycats are changing the streaming game and making viewers pay the price

SpaceX just launched an Israeli mission toward the moon. If successful, it would be the world's first private lunar landing.

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spaceil beresheet lunar lander private moon mission illustration 1

  • On Thursday night, SpaceX launched a Falcon 9 rocket carrying the first-ever private moon mission.
  • SpaceIL, a nonprofit organization based in Israel, designed and built the 1,322-pound lunar lander called "Beresheet," which means "in the beginning" (the first words in the Bible).
  • SpaceIL started as a Google Lunar XPrize team and is backed by South African billionaire Morris Kahn.
  • If the Beresheet mission survives a weeks-long trip to the lunar surface, it will make Israel the fourth country ever to pull off a moon landing.

SpaceX, the rocket company founded by Elon Musk, just launched the first private lunar lander in history.

Whether or not the mission successfully lands on the moon's surface in about two months, the effort will carry lasting significance to Israel and the country's nascent space industry.

But if everything works as planned, Israel will become the fourth nation ever to land on the lunar surface. (Japan, India, and Europe have crashed probes but not gently set down any robots.)

The $100 million mission is headed by a nonprofit called SpaceIL, which designed and built a 1,322-pound robotic spacecraft called "Beresheet." That's Hebrew for "in the beginning," which is the first phrase in Genesis in the Bible.

Beresheet — which is equipped with cameras, magnetic sensors, and transmitters to relay data to and from to Earth — launched on Thursday inside the top of a Falcon 9 rocket in Cape Canaveral, Florida. SpaceX's rocket lifted off at 8:45 p.m. EST, riding a tower of flames into the night sky, and Beresheet deployed from the rocket's upper stage about half an hour later.

"SpaceIL has confirmed signal acquisition and landing-leg deploy. They are on their way to the moon," a SpaceX flight controller said during a live broadcast of the launch.

Morris Kahn, a South African-born entrepreneur and billionaire who lives in Israel, is the biggest funder of the SpaceIL mission. In an interview with Business Insider prior to the launch, Kahn said he's shouldered about $43 million of the $100 million cost for development and the SpaceX rocket launch.

"I wanted to show that Israel — this little country with a population of about 6 or 8 million people — could actually do a job that was only done by three major powers in the world: Russia, China, and the United States," Kahn said. "Could Israel innovate and actually achieve this objective with a smaller budget, and being a smaller country, and without a big space industry backing it?"

In early April, the world will find out.

'Without money, you're not going to get anywhere'

spaceil beresheet lunar lander private moon mission illustration 2

In early 2011, Kahn attended an international space conference in Israel, where a presentation by three young engineers — Yariv Bash, Kfir Damari, and Yonatan Winetraub— caught his attention.

"They said that they were going to participate in a Google competition. It was an XPrize competition to put a spacecraft on the moon and win a $20 million prize," Kahn said. "They seemed very proud of themselves, and I thought that this was rather neat."

That competition was the Google Lunar XPRIZE, which started in September 2007. It dangled tens of millions of dollars in prize money with the hope of spurring a private company to land a robot on the moon by 2014.

After the SpaceIL presentation, Kahn — who at the time had a net worth to close $1 billion— asked the group's leaders if they had any money.

"They said, 'Money? Money, what's that for?' I said, 'Without money, you're not going to get anywhere,'" Kahn said. "I said to them, 'Look, come to my office, I'll give you $100,000 — no questions asked — and you can start.' And that was how I innocently got involved in this tremendous project."

Kahn said "the project really began to chew up money" early on, so he asked for a budget. The team came back with an estimate of $8 million for research, development, and testing, and about $5 million for a rocket launch — "quite a lot of money," Kahn said. But he initially agreed to pay for the rocket launch.

"I don't want to be the richest man in the cemetery. I'd like to feel that I've used my money productively," Kahn said. "I'd also like to see that I've used it in a way that I enjoy. I enjoy this process."

939962_2_10 07 Israel SpaceIL Google_standard

Over time, the organizers of the Google Lunar XPrize kept pushing back the contest's 2014 deadline. But the competition was ultimately shuttered in January 2018 without a winner.

Nevertheless, SpaceIL was intent on moving ahead, and Kahn kept supplying cash.

"Slowly, I sucked myself into this project and I had no idea where it was going to take me," Kahn said. "Today I know. It's taken us roughly $100 million. That's a tremendous amount of money."

He also helped fundraise from other sources, including roughly $2 million from the Israeli government. Kahn said it was not easy to raise the money, but he appealed to the national pride of Israelis.

"Putting a spacecraft on on the moon is a little bit of a kind of a weird project," Kahn said. "It almost seems un-doable, and even if it was doable, it takes somebody with imagination to actually see why you would do it."

Read more: NASA's first moon landings in nearly 50 years may happen in 2019. The agency thinks these 9 companies can get it to the lunar surface.

Still, $100 million is a pittance compared to the $469 million that NASA spent in the 1960s on seven similarly sized Surveyor lunar landers. When adjusted for inflation, that sum is roughly $3.5 billion today — about $500 million per mission.

How SpaceIL plans to land Beresheet on the moon

spacex falcon 9 block 5 rocket launch es hail 2 november 15 2018 32040174368_1cb3d93808_o

The moon is about 239,000 miles away from Earth, but the biggest challenge in getting there is harnessing enough energy to climb out of our planet's gravity field. For example, sending three Apollo astronauts, a small space capsule, and a two-person lunar lander vehicle required a 36-story Saturn V rocket filled with millions of pounds of fuel.

To achieve a lunar landing on a tight budget, SpaceIL claims its robot "will be the smallest spacecraft to land on the moon to date." Beresheet is just shy of 5 feet tall and six feet wide, making it relatively easy to squeeze aboard a rocket. Because the spacecraft was built to be light, it has no cooling system and will overheat in the blistering sun on the moon, perhaps after about three days.

The robot also cut costs by not launching alone. Instead, it "rideshared" or piggybacked into space with two other payloads: A small and experimental US Air Force satellite called S5, and a 10,000-lb. car-size Indonesian communications satellite called "Nusantara Satu" or PSN 6.

SpaceX launched all three spacecraft on a Falcon 9 rocket with an already twice-used booster. Despite difficult landing conditions — what SpaceX said were the toughest to date — the refurbished booster successfully landed on a ship at sea for a third time, likely netting SpaceX millions (if not tens of millions) of dollars in hardware it doesn't have to build again.

Read more: Elon Musk beat a world record for rocket launches in 2018. Here's every history-making SpaceX mission of the year.

SpaceIL declined to share how much it's paid for the launch. But pricing tables from the company in charge of arranging the rocket rideshare, called Spaceflight Industries, suggest that Beresheet's flight cost about $22.5 million — far less than the $62 million list price of an exclusive ride on a Falcon 9.

To lower Beresheet's weight and launch price, SpaceIL also chose a roughly 2-month trip from launch to landing. (By comparison, it took Apollo astronauts just four days after launch to land on the moon.)

"Once it disengages from the launch rocket, the spacecraft will begin orbiting Earth in continuously larger elliptical orbits, ultimately covering a total distance of 9 million kilometers [5.6 million miles]," SpaceIL said in a press release. "This long and complex course was chosen as it will allow completing the journey to the moon with minimal fuel consumption."


About 75% of Beresheet's mass is made up of fuel, which will propel it into lunar orbit — a trip that will take the probe about six weeks. Once the moon's gravity captures the robot around April 4, it will shrink its orbit over the next week.

A final burn of Beresheet's rocket engine on April 11 will bring it down to the lunar surface in about 15 minutes. The probe will navigate its lunar landing using autonomous software and a computer about as powerful as a smartphone. A set of 3D-printed legs will cushion the last 16 feet of its free-fall.

"The spacecraft will use various sensors to measure its location and height in relation to the moon's surface," SpaceIL said. "The ground team will not be able to intervene during the landing process."

During its descent and after landing, the lander is supposed to record video and panoramic photos while beaming footage to a control room at Israel Aerospace Industries in Yehud.

"It will be possible to operate all the spacecraft's systems from this control room," SpaceIL said.

What the first private lunar lander will do on the moon

beresheet israeli moon lander robot payload close up spaceil

The planned landing site for Beresheet is Mare Serenitatis, or the "Sea of Serenity," in the northern hemisphere of the moon. It's a dark lava-covered site of an ancient volcanic eruption. The area is also a source of magnetic and gravitational anomalies, and — in popular culture — the left eye of the "man in the moon."

Until it overheats, Beresheet will take measurements of the moon's magnetic field there using an instrument supplied by the University of California, Los Angeles. SpaceIL plans to share the data it collects with NASA and other space agencies. The spacecraft may also try to "hop" to another location using its thrusters.

Read more: The American flags on the moon are disintegrating

Kahn says the scientific mission is not as important as what Beresheet's landing would symbolize, true to the meaning of its name.

"This project of ours will take Israel into deep space. I think this is a new frontier and actually what we're doing — this is the first nongovernmental project to go to the moon," Kahn said. "I think others will follow us. In fact, I'm sure others will follow us."

Retired NASA astronaut Scott Parazynski also sees the mission as stepping stone to a larger future for Israel's space industry, which is already known for satellite manufacturing.

"Israel is such a incredible technological powerhouse. And so I think its extraordinary that now, non-space-faring nations — in other words, those that dont have the capacity to necessarily launch their own astronauts — are now able to launch major payloads like this," Parazynski told Business Insider. "Perhaps in the not-too-distant future, they will be able to also launch their own astronauts."

Kahn said there is "no guarantee" the mission will succeed — "It just takes one little glitch and we'll actually fly off into space and lose control," he added.

But even if it fails, he thinks the "Apollo effect" of encouraging young Israelis to dream big about their futures in science and engineering is already a success.

"We've actually gotten to more than a million young students and we excited them about space," Kahn said. "That objective, I think, we've actually already achieved."

SEE ALSO: 'This is more than just a landing': Why China's mission on the far side of the moon should be a wake-up call for the world

DON'T MISS: The speed of light is torturously slow, and these 3 simple animations by a scientist at NASA prove it

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NOW WATCH: What living on Earth would be like without the moon

Dr. Pimple Popper treated a woman with multiple fluid-filled cysts clustered around her eyes

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  • The latest episode of "Dr. Pimple Popper," the TLC series starring dermatologist Dr. Sandra Lee, featured Hilda, a woman with multiple bumps around her eyes.
  • The bumps are hidrocystomas, benign growths that occur in sweat glands.
  • Lee surgically removed the hidrocystomas, and although some grew back, Hilda said she regained her confidence.
  • Warning: This post contains graphic images. 

 

In its second season, "Dr. Pimple Popper"— the TLC series starring dermatologist Dr. Sandra Lee — has introduced viewers to an array of fascinating skin conditions, from "barnacles of aging" to elf-like ear growths.  

And it's not just a chance to watch satisfying pops. Many episodes focus on patients who undergo a dramatic emotional transformation as a result of their skin treatment. 

The season's eighth episode, which aired Thursday night, featured one such patient: A woman named Hilda, whose mental health worsened when clusters of bumps began to grow all around her eyes.  

Here's a closer look at the episode — and what happened after Hilda was treated by Lee. 

Hilda had a multitude of bumps around her eyes, and said they affected her mental health

dr pimple popper tlc hilda before 1

In an interview segment, Hilda, 42, explained that she used to have only two or three bumps near her eyes, but they continued to grow and increase in number. 

She also said the bumps persisted despite previous surgeries. 

"I got surgery three times already," she said. "[Doctors] just cut them open and liquid would come out, but a couple of months later the bumps still would come back. And every time they would grow back it would make me feel just hopeless."

dr pimple popper tlc show hilda

Hilda added that the presence of the bumps sparked a period of "deep depression."

"Things just started tumbling down," she said. "I didn't want to leave the house, I ended up losing my job, losing my house because of it ... before these bumps on my eyes, I was a happy person. I had a passion for life. "

Lee diagnosed the bumps as hidrocystomas

dr pimple popper tlc show hilda exam

In an exam room at Lee's office, Hilda explained that she'd had the bumps for about seven years. Lee quickly identified them as hidrocystomas and added that, though they could be removed, there was a chance they could return. 

Read more: Dr. Pimple Popper treated a woman with a painful 'horn' growing on the back of her head

Hidrocystomas are benign growths that grow out of sweat glands and tend to occur on the face or scalp, according to the American Osteopathic College of Dermatology (AOCD). There are two types: Apocrine hidrocystomas and eccrine hidrocystomas, named for the two different types of sweat glands in human skin

Hidrocystomas typically don't cause symptoms, and though they're rare, they tend to happen most often in people ages 30 to 75, according to a 2006 review paper published in the journal Medscape General Medicine. Eccrine hidrocystomas are more common in women, the review added, but it wasn't made clear in the episode which type Hilda had. 

Doctors also use different strategies to manage the bumps, including laser treatments, surgical removal, and cauterization, according to the AOCD.  

Then she removed the bumps with a delicate surgical procedure

dr pimple popper tlc hidrocystomas removal

Lee donned magnifying eyewear and used a series of sharp surgical tools to carefully squeeze a clear fluid out of the cysts and remove the thin sac inside each one.  (As Lee has explained in previous removal videos, removing cyst sacs helps ensure that they won't fill up again.) Lee also used an electrical surgical tool to cauterize the cysts once they'd been drained. 

During the procedure, Lee remarked on the number of cysts buried in the delicate skin around Hilda's eyes, saying, "you have hidrocystomas on top of hidrocystomas."

"Hilda's case is pretty unique because she has a lot of hidrocystomas," she added. " It could be that her previous surgeries have contributed to the fact that they’re all now on top of each other."

dr pimple popper tlc show hilda post surgery

When the procedure was finished and Hilda got the chance to see herself in a mirror, she smiled. Even though the skin around her eyes was still swollen and red, she said the results looked "amazing."

"I'm going to let people see me, see my eyes," she said. "I'm not going to be afraid anymore."

Some of the cysts grew back, but Hilda said her self-esteem increased

dr pimple popper tlc show hilda after

Eight weeks after the surgery, some of Hilda's hidrocystomas had grown back, Lee explained at the end of the episode. But a series of photographs showed that the skin around Hilda's eyes still appeared much smoother. 

"Hopefully, in the next few visits, we'll get rid of them all," Lee said. 

Finally, in a follow-up interview, Hilda thanked Lee for the procedure. 

"I've been doing great," she said. "I've got this confidence, my self-esteem has gone up."

On her popular YouTube channel, Lee has spent years highlighting stories like Hilda's — cases that show how even benign skin conditions can take a toll on a patient's wellbeing. 

dr pimple popper tlc show hilda after 2

"Dermatologists deal with fewer life-threatening emergencies compared to other medical specialties, however, this doesn't mean that we don't administer life-changing treatments or do life-changing surgeries," Lee told INSIDER in 2018. "Patients who come to see me can be very vulnerable. They have an issue that they know isn't life-threatening but surely threatens their mental and emotional well being. "

"Helping people with these 'benign' conditions can be just as important as helping them with malignancies," she added.

Catch a sneak peek of Hilda's story in the video clip below. You can also watch every episode of "Dr. Pimple Popper" on TLC's website or the TLC Go app (available for Apple and Android).

Read more:

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NOW WATCH: We tried a toy that lets you experience what it feels like to pop a pimple


Nearly three-quarters of bills will be paid digitally by 2022 — this is how banks can stay ahead of the trillion-dollar opportunity

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This is a preview of a research report from Business Insider Intelligence, Business Insider's premium research service. To learn more about Business Insider Intelligence, click here.

Between housing costs, utilities, taxes, insurance, loans, and more, US adults paid an estimated $3.9 trillion in bills last year.

Bill Pay MarketThat market is growing slowly, but it’s changing fast — more than ever before, customers are moving away from paying bills via check or cash and toward paying online, either through their banks, the billers themselves, or using a third-party app.

Thanks to rising customer familiarity with digital payments, an increase in purchasing power among younger consumers more interested in digital bill pay, and a rise in digital payment options, nearly three-quarters of bills will be paid digitally by 2022, representing a big opportunity for players across the space.

In theory, banks should be in a great position to capitalize on this shift. Nearly all banks offer bill payment functionality, and it’s a popular feature. Issuers also boast an existing engaged digital user base, and make these payments secure. But that isn’t what’s happening — even as digital bill pay becomes more commonplace, banks are losing ground to billers and third-party players. And that’s not poised to change unless banks do, since issuer bill pay is least popular among the youngest customers, who will be the most important in the coming year.

For banks, then, that makes innovation important. Taking steps to grow bill pay’s share can be a tough sell for digital strategists and executives leading money movement at banks, and done wrong, it can be costly, since it often requires robust technological investments. But, if banks do it right, bill pay marks a strong opportunity to add and engage customers, and in turn, grow overall lifetime value while shrinking attrition.

Business Insider Intelligence has put together a detailed report that explains the US bill pay market, identifies the major inflection points for change and what’s driving it, and provides concrete strategies and recommendations for banks looking to improve their digital bill pay offerings.

Here are some key takeaways from the report:

  • The bill pay market in the US, worth $3.9 trillion, is growing slowly. But digital bill payment volume is rising at a rapid clip — half of all bills are now digital, and that share will likely expand to over 75% by 2022. 
  • Customers find it easiest to pay their bills at their billers directly, either through one-off or recurring payments. Bank-based offerings are commonplace, but barebones, which means they fail to appeal to key demographics.
  • Issuers should work to reclaim bill payment share, since bill pay is an effective engagement tool that can increase customer stickiness, grow lifetime status, and boost primary bank status.  
  • Banks need to make their offerings as secure and convenient as biller direct, market bill pay across channels, and build bill pay into digital money management functionality.

In full, the report:

  • Sizes the US bill pay market, and estimates where it’s poised to go next.
  • Evaluates the impact that digital will have on bill pay in the US and who is poised to capitalize on that shift.
  • Identifies three key areas in which issuers can improve their bill pay offerings to gain share and explains why issuers are losing ground in these categories.
  • Issues recommendations and defines concrete steps that banks can take as a means of gaining share back and reaping the benefits of digital bill pay engagement.

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Insurtech Research Report: The trends & technologies allowing insurance startups to compete

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Insurtech 2.0

Tech-driven disruption in the insurance industry continues at pace, and we're now entering a new phase — the adaptation of underlying business models. 

That's leading to ongoing changes in the distribution segment of the industry, but more excitingly, we are starting to see movement in the fundamentals of insurance — policy creation, underwriting, and claims management. 

This report from Business Insider Intelligence, Business Insider's premium research service, will briefly review major changes in the insurtech segment over the past year. It will then examine how startups and legacy players across the insurance value chain are using technology to develop new business models that cut costs or boost revenue, and, in some cases, both. Additionally, we will provide our take on the future of insurance as insurtech continues to proliferate. 

Here are some of the key takeaways:

  • Funding is flowing into startups and helping them scale, while legacy players have moved beyond initial experiments and are starting to implement new technology throughout their businesses. 
  • Distribution, the area of the insurance value chain that was first to be disrupted, continues to evolve. 
  • The fundamentals of insurance — policy creation, underwriting, and claims management — are starting to experience true disruption, while innovation in reinsurance has also continued at pace.
  • Insurtechs are using new business models that are enabled by a variety of technologies. In particular, they're using automation, data analytics, connected devices, and machine learning to build holistic policies for consumers that can be switched on and off on-demand.
  • Legacy insurers, as opposed to brokers, now have the most to lose — but those that move swiftly still have time to ensure they stay in the game.

 In full, the report:

  • Reviews major changes in the insurtech segment over the past year.
  • Examines how startups and legacy players across distribution, insurance, and reinsurance are using technology to develop new business models.
  • Provides our view on what the future of the insurance industry looks like, which Business Insider Intelligence calls Insurtech 2.0.

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Google is ditching its mandatory arbitration policy after mass protest (GOOG, GOOGL)

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google walkout

  • On Thursday, Google announced it would end forced arbitration for all internal matters moving forward.
  • Forced arbitration is a corporate practice whereby upon their hiring, employees waive their right to take some employer disputes to court, and instead must settle the matters privately.
  • Previously, Google had made arbitration optional for sexual-harassment and sexual-assault disputes only.
  • An end to forced arbitration was a major cause for Google Walkout organizers who said on Thursday: "We commend the company in taking this step so that all its workers can access their civil rights through public court."

After Google employees around the world walked out in protest last November, the company changed its forced-arbitration policy for sexual-harassment and sexual-assault disputes only.

On Thursday, Google announced it would end forced arbitration for all internal matters moving forward.

The policy change will go into effect on March 21 and will not be applied to any former disputes or settled claims.

Mandatory arbitration — a corporate practice whereby upon their hiring, employees waive their right to take some employer disputes to court, and instead must settle the matters privately — had been a common industry practice among tech companies, but one that was highly contested by Google walkout organizers.

In December, walkout organizers issued a letter saying Google had not gone far enough in its policy changes.

Read more:Organizers of the successful Google employee walkout are now calling on the rest of the tech industry to take up their cause

They demanded that the company end forced arbitration for all work-related cases, including cases of discrimination, and for the new policy to extend to TVCs — the company's term for long- and short-term contract workers.

The group also called on employees from other tech companies to join in their efforts.

"20,000 Googlers walking out of work was the first moment in an escalating movement," the letter read. "Since then, we've heard from tech workers at 15+ other major tech companies about their experiences. We vow to fight together in 2019 until forced arbitration is abolished for all our FTE and TVC colleagues."

In a letter on Thursday reacting to Google's new policy to end all mandatory arbitration, walkout organizers appeared cautiously optimistic.

"We commend the company in taking this step so that all its workers can access their civil rights through public court," the group wrote. "We will officially celebrate when we see these changes reflected in our policy websites and/or employment agreements."

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NOW WATCH: We compared the $1,200 MacBook Air with the $500 Surface Go, and the results were a mess

Three untapped opportunities wearables present to health insurers, providers, and employers

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  • After a shaky start, wearables like smartwatches and fitness trackers have gained traction in healthcare, with US consumer use jumping from 9% in 2014 to 33% in 2018.
  • More than 80% of consumers are willing to wear tech that measures health data — and penetration should continue to climb.
  • The maturation of the wearable market will put more wearables in the hands of consumers and US businesses.

The US healthcare industry as it exists today is not sustainable. An aging patient population and rising burden of chronic disease have caused healthcare costs to skyrocket and left providers struggling to keep up with demand for care. 

FORECAST: Fitness Tracker and Health-Based Wearable Installed Base

Meanwhile, digital technologies in nearly every consumer experience outside of healthcare have raised patients’ expectations for good service to be higher than ever.

One of the key mechanisms through which healthcare providers can finally evolve their outdated practices and exceed these expectations is wearable technology.

Presently, 33% of US consumers have adopted wearables, such as smartwatches and fitness trackers, to play a more active role in managing their health. In turn, insurers, providers, and employers are poised to become just as active leveraging these devices – and the data they capture – to abandon the traditional reimbursement model and improve patient outcomes with personalized, value-based care.

Adoption is going to keep climbing, as more than 80% of consumers are willing to wear tech that measures health data, according to Accenture — though they have reservations about who exactly should access it.

A new report from Business Insider Intelligence, Business Insider’s premium research service, follows the growing adoption of wearables and breadth of functions they offer to outline how healthcare organizations and stakeholders can overcome this challenge and add greater value with wearable technology.

For insurers, providers, and employers, wearables present three distinct opportunities:

  • Insurers can use wearable data to enhance risk assessments and drive customer lifetime value. One study shows that wearables can incentivize healthier behavior associated with a 30% reduction in risk of cardiovascular events and death.
  • Providers can use the remote patient monitoring capabilities of wearable technology to improve chronic disease management, lessen the burden of staff shortages, and navigate a changing reimbursement model. And since 90% of patients no longer feel obligated to stay with providers that don't deliver a satisfactory digital experience, wearables could help to attract and retain them.
  • Employers can combine wearables with cash incentives to lower insurance costs and improve employee productivity. For example, The Greater Dayton Regional Transit Authority yielded $5 million in healthcare cost savings through a wearable-based employee wellness program.

Want to Learn More?

The Wearables in US Healthcare Report details the current and future market landscape of wearables in the US healthcare sector. It explores the key drivers behind wearable usage by insurers, healthcare providers, and employers, and the opportunities wearables afford to each of these stakeholders. 

By outlining a successful case study from each stakeholder, the report highlights best practices in implementing wearables to reduce healthcare claims, improve patient outcomes, and drive insurance cost savings, as well as how the evolution of the market will create new, untapped opportunities for businesses.

 

 

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How smart is your fridge? Smart appliances have built-in sensors to tell consumers when to buy more groceries — or even buy them automatically (AMZN, TGT, GOOGL, WMT, GE)

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This is a preview of a research report from Business Insider Intelligence, Business Insider's premium research service. To learn more about Business Insider Intelligence, click here. Current subscribers can read the report here.

Smart speakers in shoppingConsumers are finally starting to adopt smart home devices, with nearly 60% owning at least one device. This presents an opportunity for e-commerce companies to enter the smart home and encourage purchasing through the devices.

The smart speaker has become the face of the smart home in many ways, attracting the lion’s share of attention as companies look for ways to take advantage of the growing platform. But there’s a problem: Consumers aren’t using the smart speaker to actually buy products very often.

Instead, one of the clearest opportunities outside of the smart speaker is home goods and grocery replenishment through large appliances. Smart devices in the home — especially appliances — can take advantage of built-in sensors to either tell consumers when they need to buy more of a product, or make that purchase autonomously. This will create an opportunity for appliance manufacturers, e-commerce vendors, and product suppliers to ink supply agreements to meet consumers' needs.

In this report, Business Insider Intelligence examines several areas of opportunity for e-commerce companies to leverage smart home technologies to provide new and better services to their customers. First, we explore how smart appliances, including connected dishwashers and laundry machines, are building on one-click purchasing systems to enable automated replenishment. We then discuss the smart fridge and detail how apps, cameras, and voice assistants are enabling takeout and grocery delivery through these appliances. Finally, we examine the role of the voice interface beyond smart speakers as it relates to purchasing products in the home, and how omnipresent voice will be used to organize and interact with automated services.

The companies mentioned in this report are: Amazon, Blue Apron, Costo, GE, Google, Instacart, Keurig, KitchenAid, LG, Ocado, P&G, Plated, Reynolds, Samsung, Target, Walmart, Whirlpool.

 Here are some key takeaways from the report:

  • Companies have a clear opportunity to leverage sensors, cameras, and connectivity in a variety of home appliances to revolutionize the way consumers buy home goods.
  • Smart appliance manufacturers, e-tailers, and CPG companies will be able to collaborate and partner to develop new methods of resupplying consumers' homes.
  • The smart fridge will transform into the hub of the kitchen and become the autonomous organizing device that oversees grocery purchasing and food delivery.

In full, the report:

  • Provides an overview of the key players and types of products in the smart appliance space.
  • Highlights the models that companies can adopt to take advantage of the developing sector.
  • Identifies the key services that will boost automated e-commerce engagement in the home.

 

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