Tag Archive | "Sector"

Every Sector of the Economy is Going to Benefit From Robotics and AI

“We are on the cusp of ubiquitous automation,” says ROBO Global President William Studebaker. “We have an undeniable inflection point because of the performance capabilities of computing and the cost curve declining such that these now are technologies that used to be science fiction but now have actual use applications. Fast forward six years later and we are at a launching pad in terms of the economic activity that we’re seeing and the innovations. Every sector of the economy is going to benefit from robotics and AI.”

William Studebaker, President and Chief Investment Officer of ROBO Global, discusses how robotics and AI are at an inflection point where soon every sector of the economy is going to benefit in an interview on CNBC:

Every Sector of the Economy is Going to Benefit From Robotics and AI

We were fortunate six years ago to develop an index that tracks the growth in robotics and AI because we saw these technologies changing the way we live and work. We are on the cusp of ubiquitous automation. We have an undeniable inflection point because of the performance capabilities of computing and the cost curve declining such that these now are technologies that used to be science fiction but now have actual use applications. Fast forward six years later and we are at a launching pad in terms of the economic activity that we’re seeing and the innovations. It’s being spread out to all parts of the economy. Every sector of the economy is going to benefit from robotics and AI.

We try to identify the companies that we think have the highest revenue threshold that corresponds directly to selling the technologies. We’re looking for high revenue purity. We’re also looking for large technological mode around their business and we have an interesting lens to capture this. We actually have seven PhDs on our team. They’re really the who’s who in robotics and AI that have built technologies, built businesses, or academic researchers, etc. That gives us a great lens to see not what yesterday’s winners are but what the future winners are likely to be. That gives us an interesting lens.

A World of Prediction, Prevention, and Individualizing Medicine

The official fee is 95 basis points. We do rebate securities lending which is effectively their 25 basis points. So the actual costs are 70 basis point to investors. With a team of industry experts that we have tracking this, I think that we do a pretty good job. We are generally the Alpha that investors are looking for. The index is up a little over 20 percent year-to-date and the last three years is probably close to up 15 percent. We think the inflection is starting here and we’ve got years if not decades of growth ahead of us.

Healthcare is probably one of the most exciting areas for investors to think about. Why? We’re going to a world of prediction, prevention, and individualizing medicine. Effectively, we’re going to create much healthier livelihoods for us but more pulling longer longevity. We live in a world that’s been historically sick care. We deal with the problem after it happens. We’re now going to a world of prevention, prediction, and individualizing medicine. A lot of healthcare structures tend to focus on therapies. We’re actually focused much more on the prediction and the prevention; diagnosis, medical instruments, regenerative medicine, and prevention. These are the kinds of technologies that investors need to embrace when they’re thinking about healthcare.

Every Sector of the Economy is Going to Benefit From Robotics and AI, says ROBO Global President William Studebaker

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Oculus Rift Goes After Business Sector With New VR Bundle

Oculus VR is now trying to tap into a new market to boost the sales of its high-end virtual reality device. The company is now launching Oculus Business, effectively sweetening the deal for companies to snap up its Oculus Rift bundle.

Oculus vice president Hugo Barra made the announcement of its business bundle during the Oculus Connect conference in San Jose, Tech Crunch reported. The Oculus for Business package costs $ 900 and includes the hardware package, dedicated customer support, full VR license and enterprise-grade warranties.

The hardware package consists of the Oculus Rift headset, three room sensors, three Rift Fits and Oculus Touch Controllers, according to The Verge. Altogether, the hardware only costs $ 574, but the $ 900 price of the business bundle is still considered a great deal, given the warranty, commercial license and preferential customer support that go with it.

While virtual reality is still a relatively new technology, businesses can harness its potential to improve their reach and exposure as well as streamline their operations. For instance, VR can be utilized to aid personnel training and even allow potential customers to examine products in great detail in the virtual world. In the future, VR could be indispensable to a host of industries such as construction, manufacturing, education, tourism, and health.

In fact, the German automobile manufacturer Audi is one of the launch partners of the Oculus for Business. The carmaker harnessed VR to build virtual showrooms where potential buyers can configure a car and even walk around it to assist them in the selection and customization process.

Aside from Oculus VR, other virtual technology manufacturers such as Apple have been pitching their VR hardware as a business tool. Admittedly, the market for VR gear among individuals is a bit limited, as the price of the gadgets is a bit too steep for the average consumer. In addition, setting up a VR rig inside a home also requires some expertise. Businesses, however, have bigger budgets and tech-savvy staff at their disposal which makes it easier for them to buy and install VR equipment.

[Featured Image by YouTube]

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