Author Archive

VIDEO: Business Design Through an Open Method

Saturday, August 13th, 2016

Taking an idea from concept to reality can be difficult for startups. Entrepreneurs with great ideas often struggle to get the attention of prospective customers, which can make it difficult for them to grow into robust scaleups that have a strong customer base.

In order to facilitate that transition, IBM has published the Bluemix Garage Method, an open design method to help startups take an idea from conception to execution. To support this initiative, IBM has created innovation spaces for startups and enterprise to converge.

One of the most significant contributions that this initiative will make to startups is to help them connect with IBM’s enterprise customers. Startups will be able to leverage IBM’s staying power to move from the startup to scaleup stage by offering their solutions to IBM’s enterprise customer base.

To learn more about this program, watch this short video:

https://www.youtube.com/watch?v=qh6zpfR-ILY

Cognitive Computing Helps Vision Impaired

Tuesday, August 9th, 2016

Data analytics, a force for change in nearly every business, is now being leveraged to make lives easier for the vision impaired by increasing the graduation rate for guide dogs.

According to Guiding Eyes for the Blind, a nonprofit that breeds and trains service guide dogs, a mix of genetic and temperament data combined with natural language processing will bump the graduation rate to 59 percent from fewer than half. The initiative is also expected to lower the $50,000 cost to train each dog.

Guiding Eyes is using a combination of IBM Bluemix and Watson to analyze the organization’s structured and unstructured data. By moving half a million medical and genetic records and more than 65,000 temperament records to the cloud, Guiding Eyes uncovered insights into genetic, health, behavioral, and environmental factors that correlate to successful guide dog behavior and performance.

The organization is also applying natural language processing to trainer and foster family questionnaire answers to uncover insights into personalities and temperaments. This information is expected to improve the process of breeding, raising, and matching service dogs to owner.  

Cognitive Potential

Cognitive computing simulates human thought processes in a computerized model. According to author Bernard Marr, who has written several books about big data in business, the intent of cognitive technology is not to replace humans, but to expand on our capabilities and allow us to better process and understand the world around us.

IBM executives recently told Fortune that cognitive computing or machine learning is expected to become a $2 trillion USD market in the next 10 years, in addition to the $3 trillion opportunity in more traditional IT gear like servers, software, storage boxes. For startups, it presents a lucrative opportunity that can help deliver more innovative solutions and enhanced customer experiences across every industry.

For a free trial of IBM Watson Analytics click here.

For a free trial of IBM Bluemix click here.

Law Firm Uses Data Analytics to Give Clients Cost Certainty

Thursday, August 4th, 2016

International law firm McMillan LLP will begin using predictive analytics to create pricing models for its legal services to provide more cost certainty for clients.

By leveraging IBM’s comprehensive predictive analytics system, SPSS, and running the system on IBM Cloud, McMillan aims to remove subjectivity from the pricing process, according to announcement from McMillan and IBM. By analysing and interpreting McMillan’s internal data, the cloud-based solution will also help identify case issues most likely to affect price.

“We’ve seen how cloud and big data can transform business,” McMillan CEO Teresa Dufort, said in the statement. “We’ve chosen to be at the forefront of the legal industry using advanced analytics to service our clients. By partnering with IBM, we are looking to provide clients with greater transparency on the timing and cost of transactions.”

Dufort adds that the extra data and intelligence will allow the firm to better manage change and improve staffing, and provide clients with alternative fee options. The firm also plans to use IBM’s Bluemix platform to develop new app services, which will be exclusively available to McMillan’s clients.

“Analytics can be a catalyst for innovation to help organizations uncover data insights to solve business problems and yield real-time results,” says Tim White, Vice President, Software, at IBM Canada. “Data is the world’s new natural resource.”

McMillan has several practice areas including antitrust, commercial real estate, M&A and natural resources.

For a free trial of IBM Bluemix click here.

The Open Community Behind the Bluemix Cloud

Wednesday, August 3rd, 2016

The promise of cloud computing is scalability, collaboration, and dependability. But unless developers have access to a platform built around their needs and their preferences, the cloud remains limited in its ability to support enterprise solutions, a market worth upwards of $38 billion.

Until recently, using the cloud meant having the advantages of scalable power while relinquishing the control of an on-premise environment. IBM saw this gap as an opportunity and it became the basis for a new breed of Platform as a Service (PaaS), known as Bluemix.

The PaaS part of the cloud market is worth $12 billion, and is expected to be worth $55 billion by 2026.

Adam Gunther, Program Director, Bluemix Offering Management says that IBM started developing Bluemix from a user-based focus. “The next billion dollar idea always starts with a developer, alone in a coffee shop – that’s no different if you’re a startup or an enterprise.”

But the path from billion dollar idea to billion dollar app can be a messy one, full of obstacles like buying and configuring servers, creating application environments, and a hundred other tasks that prevent a developer from actually developing. Public cloud platforms were alleviating this, but as Gunther points out, there was still room for improvement.

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“What used to take 18 months, we can now do in a month,” Gunther says. “But that still isn’t fast enough. How does an enterprise, or just one developer, keep up with Silicon Valley?”

Speed and agility are important to developers, as BuildFax Founder and CTO Joe Emison told TechTarget. “Anything developers pick that they say allows them to deliver better software more quickly is going to win.”

Bluemix came out of this mission to create a cloud platform that could significantly speed up the process of developing scalable, enterprise-class apps, with the developer designed to be at the centre.

IBM was already in possession of a powerful Infrastructure as a Solution (IaaS) platform after acquiring SoftLayer, so the design team looked at the emerging PaaS market and came up with a product that not only differentiated IBM from other vendors, but provided IBM’s clients with a way to differentiate themselves from their competition.

Bluemix was built on Cloud Foundry, with support for open standards an integral ingredient in its architecture.

“What’s cool about Bluemix is that it gives devs in large organizations a secure sandbox to play in,” says Bryan Smith, CEO and co-founder of Toronto-based ThinkData Works, which is focused on providing APIs to standardized and normalized data from public sources.

Smith and his co-founder chose IBM Bluemix as their PaaS because of their commitment to providing developers with great tools. “They have a really similar mandate to ThinkData,” Smith says. “We look at it from a data perspective while IBM looks at it from a developer’s perspective.”

The Bluemix team opted for an open community model, combining the one million-strong developer membership of IBM DeveloperWorks with millions more on Stack Overflow. The benefit to this approach is, once again, speed for the developer. “Devs don’t want to call up tech support and ask for help,” Gunther says. “They want to Google the problem and come up with an answer quickly on a forum. The larger the community, the faster people can move.”

Open source technology

OpenWhisk, like Amazon Lambda and Google Cloud Functions, was released earlier this year. It is an event-driven “serverless” execution environment (sometimes referred to as a compute platform) and offers significant reductions in complexity and cost for developers who want to take advantage of microservices – small and light functions that do not require massive computing overheads. Instead of paying for the continuous up-time of a server, devs need only pay on a per-call basis.

Unlike Lambda and Cloud Functions, however, OpenWhisk is entirely open source. Not only can developers get under the hood and look at its inner workings, they can run the source code (and modify it) on their own, private machines.

As important as open technology and community support are, they aren’t enough to propel a PaaS product to be the preferred choice of developers and enterprise. For that, you need to offer users a large choice of software and services that can be quickly and cost-effectively integrated. This is one of Bluemix’s key selling points – a model that Forbes’ Greg Satell called “an app store for the cloud at enterprise scale.”

There are two major elements to this model. The first is the ability for Bluemix developers to choose from four application environments in which their code can be executed: OpenWhisk, Instant Runtimes (Cloud Foundry), IBM Containers (Docker), and IBM Virtual Servers (OpenStack).

Being able to choose an environment based on the design of your code without the need for multiple vendors or infrastructures is a huge advantage. If developing from scratch, devs can use OpenWhisk, an ideal environment for cloud-first projects, due to its cost-effective event-driven architecture described above. Meanwhile, given the increasing drive to move IT resources from legacy on-premises environments to the cloud, the option to create Docker-based IBM Containers or set up OpenStack deployments on IBM Virtual Servers means there’s no need to re-write for the cloud.

The second element, known as the Bluemix Catalog, is populated by a vast and growing array of services created by both IBM and third parties, across 13 categories including Data & Analytics, the cognitive technology of IBM Watson, Security, and Internet of Things, just to name four. Being able to bring these services to bear on a project allows apps to possess capabilities that simply couldn’t exist anywhere else.

Avoiding lock-in, reducing cost

Gunther points to Bluemix client GameStop, who came to IBM with a problem: daily inventory of their used game sales across their hundreds of locations consumed too much time and money. Employees had to manually identify every game box so that they could reconcile them with the game discs – every night.

GameStop was able to leverage IBM Watson’s neural net processing within a Bluemix app to process image captures of store shelves. Watson was able to return accurate counts for the video game boxes – sorted by title – even when the boxes were partially obscured or tilted on their sides.

Having access to IBM technologies such as Watson is a huge benefit to developers, but historically IBM hasn’t been an easy choice for them. “Over the last 20 years or so, we developed a reputation of being great and powerful, but really hard to use,” Gunther says. To counteract that perception, Bluemix was built to address two major considerations: lock-in and cost.

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A lot of companies do worry about lock-in,” Dave Hrycyszyn, Director of Strategy & Technology at Head, told TechRadar in 2015. Bluemix avoids this concern. “We go in assuming that multi-cloud and portability are must-haves,” Gunther says, pointing out that any company which makes this difficult for clients won’t see adoption of its platform.

Bluemix’s commitment to open standards helps with this greatly, as does its policy of not forking these open technologies.

“You could run a CloudFoundry app on Bluemix one day, and HP the day after that,” Gunther says. IBM has also taken the position that its Bluemix services should be portable too. If you developed an app on Bluemix with calls into the Watson service for example, you could move that app to another cloud provider or even take it in house. As long as the Watson API key remains the same, you’ll still be able to access that service from your app.

As far as cost goes, Bluemix has a free 30-day trial with 2GB of runtime and container memory to run apps – no credit card needed. There are free service and app tiers designed to let anyone experiment at no cost. Once you’re feeling comfortable, there’s a “down-to-the-penny” pricing calculator which gives precise numbers for every component of the Bluemix platform.

A strategy that focuses on the user, instead of the technology for its own sake, means that developers can concentrate on getting their work done. “Community and open technology are the underpinnings of our entire technical strategy,” explains Gunther.

For a free trial of IBM Bluemix click here.

Cultural Fluency in Tech Startups

Tuesday, August 2nd, 2016

Startups need visionary intrapreneurs and entrepreneurs, market analysts with foresight – and, of course, outstanding programmers. The skills that individuals bring to these fishbowls of innovation add up to nothing if the personalities don’t jibe with startup culture.

“You can’t motivate people, you can only create a context in which people are motivated,” Foundry Group Managing Director and TechStars Co-Founder Brad Feld, said in a 2012 blog post.

We are examining tech startup culture from as many perspectives as possible because if you don’t understand it, you can’t successfully launch, fund, or scale startups.

As part of our startup culture coverage, we’re focusing on:

Related Articles:

VIDEO: Fintech Innovation Happens Through Cooperation

Friday, July 29th, 2016

In order to meet the needs and expectations of a newer generation of customers, fintech companies, banks, and regulators have to collaborate closely on developing and revising banking rules.

Adam Nanjee, Head of Financial Technology at MaRS Discovery District, talks in the video below about what consumers are looking for, and how MaRS is taking the lead on connecting entrepreneurs with banks and drive a new ecosystem.

https://www.youtube.com/watch?v=EVDYVpIfB8I

VIDEO: Why Women Leave Financial Advisors

Thursday, July 28th, 2016

A total of 70% of women change financial advisors after the death of their spouse or divorce, according to Julie Barker-Merz, President of BMO Investorline and Head of Direct Investing at BMO.

BMO has been talking to their financial advisors’ clients to ascertain why, and if there is a gender issue around client interaction. To learn more about what they found out, watch the video below:

https://www.youtube.com/watch?v=y3fLzj8v9fQ

VIDEO: Legal Expertise Essential to Fintech Success

Tuesday, July 26th, 2016

Hiring a lawyer is critical for business viability in fintech “more than any other innovation vertical.” Somebody has to be paying close attention to the rules, otherwise a great product and team can’t approach the marketplace.

Adam Nanjee, Head of Financial Technology at MaRS Discovery District, explains how starting early with legal expertise can help you develop locally and then scale internationally, and why so much capital is being invested in lawyers.

https://www.youtube.com/watch?v=lmMkQnZzlys

 

Canada’s Tech Sector Rivals Energy, Finance

Tuesday, July 26th, 2016

A new study puts Canada’s tech sector ahead of finance and insurance and on par with mining and energy in terms of economic contribution.

The report by by the Brookfield Institute for Innovation + Entrepreneurship (BII+E) at Ryerson University broadens the definition for the tech sector to include aerospace and pharmaceuticals, and pegs the tech sector contribution in 2015 at $117 billion, or 7.1 percent of Canada’s economic output.

The new numbers underscore the degree to which tech startup ecosystems have assumed a position of paramount importance to economies worldwide. Industries across the board, from healthcare to energy to finance, are seeking to leverage technology to make their operations more efficient and address consumer demand for more convenience.

The “mining, quarrying, and oil and gas extraction” sector accounts for 7.80 percent of domestic output, according to the latest April 2016 data from Statistics Canada. Finance and insurance, meanwhile, accounts for 7.06 percent.

A direct comparison using Statistics Canada data is difficult because technology falls across more than one industrial category, including “information and cultural industries” and “professional, scientific and technical services.”

BII+E said it developed its tech sector definition “from the ground up by adopting and applying methodologies first used by UK organization Nesta, the United States Bureau of Labor Statistics, and the Brookings Institution.”

VIDEO: New BMO Fund Tracks Female-Led Companies

Friday, July 22nd, 2016

BMO recently unveiled a Women in Leadership fund, which tracks companies with a female CEO and/or with women making up 25% of board members.

According to Julie Barker-Merz, ‎President and Head of Wealth Direct investing at BMO, the fund is the first of its kind in Canada by a major bank and isn’t a diversity or a “social impact” play. It’s a product designed to fully perform in the marketplace, and outperform the index.

To hear more about the fund and the reasons behind its inception, watch the video below:

https://www.youtube.com/watch?v=NzOLSZop8sw