Archiv der Kategorie: Artificial Intelligence

Artificial Intelligence Software Is Booming. But Why Now?

Marc Benioff, left, chief executive of Salesforce, talked with Matthew Panzarino, editor in chief of TechCrunch, at its Disrupt conference in San Francisco last week. Credit Beck Diefenbach/Reuters

SAN FRANCISCO — This is the year artificial intelligence came into its own for mainstream businesses, at least as a marketing feature.

On Sunday, Salesforce.com, which sells online software for sales and marketing, announced it would be adding A.I. to its products. Its system, called Einstein, promises to provide insights into what sales leads to follow and what products to make next.

Salesforce chose this date to pre-empt Oracle, the world’s largest business software company, which on Sunday evening began its annual customer event in San Francisco. High on Oracle’s list of new features: real-time analysis of enormous amounts of data. Oracle calls its product Oracle A.I.

Elsewhere, General Electric is pushing its A.I. business, called Predix. IBM has ads featuring its Watson technology talking with Bob Dylan. These moves, along with similar projects at most major tech companies and consulting firms, represent years of work and billions in investment.

There are big pushes in A.I. in agriculture, manufacturing, aviation and pretty much every other sector of the economy.

It’s all very exciting, the way great possibilities are, and clearly full of great buzzwords and slogans. But will other companies see any value in all this or understand if A.I. has value for them?

“No one really knows where the value is,” said Marc Benioff, co-founder and chief executive of Salesforce. “I think I know — it’s in helping people do the things that people are good at, and turning more things over to machines.”

Mr. Benioff wasn’t selling Einstein’s capabilities short. He was talking about the long-term value of artificial intelligence, which is passing through a familiar phase — a technology that is strange and new, that sometimes overpromises what it can do and is headed for uses not easily seen at the start.

Cloaked inside terms like deep learning and machine intelligence, A.I. is essentially a series of advanced statistics-based exercises that review the past to indicate the likely future, or look at current customer choices to figure out where to put more or less energy.

Perhaps a better question than “What is the value?” of this explosion of advanced statistics is “Why now?” That shows both the opportunity and why many companies are scared about missing out.

Much of today’s A.I. boom goes back to 2006, when Amazon started selling cheap computing over the internet. Those measures built the public clouds of Amazon, Google, IBM and Microsoft, among others. That same year, Google and Yahoo released statistical methods for dealing with the unruly data of human behavior. In 2007, Apple released the first iPhone, a device that began a boom in unruly-data collection everywhere.

Suddenly, old A.I. experiments were relevant, and money and cheap data resources were available for building new algorithms. Ten years later, computing is cheaper than ever, companies live online and in their phone apps, and sensors are bringing even more unruly data from more places.

Amazon, Google and the rest have exceptional A.I. resources for sale, but many older companies are wary of turning their data over to these upstarts. That, along with fear of a competitor getting on top of A.I. first, is a big motivation for some to try things out.

Salesforce is selling Einstein as a system that can work predictive magic without having to look at your data, in what Mr. Benioff calls a “democratizing” move that will create millions of A.I. users who are not engineers.

He said this on his way to attend a series of customer focus groups around the country, however — strong evidence that customers don’t get it yet, even if they’re willing to try it.

“There’s fear of Google and Microsoft controlling everything, and there’s a desire to apply A.I. to anything that’s digital,” said Michael Biltz, managing director of Accenture’s technology vision practice. “People are going to have to experiment, most likely first on pain points like security and product marketing.”

How will we know when the A.I. revolution has taken hold? A technology truly matures when it disappears. We don’t marvel at houses with electricity now, or the idea of driving to work at 60 miles an hour. We can say “phone” and mean a hand-held computer with NASA-level processing power and a professional-quality camera for taking selfies with our drones.

A.I. is probably heading for the same places, invisibly sorting through lots of data everywhere to continuously update and automate most of our lives. Goodness knows what the weird new tech thing will be about at that point.

Mercedes-Benz unveils a van that launch delivery drones

Mercedes-Benz Vans and drone tech startup Matternet have created a concept car, or as they’re calling it a Vision Van, that could change the way small packages are delivered across short distances.

The Vision Van’s rooftop serves as a launch and landing pad for Matternet’s new, Matternet M2 drones.

The Matternet M2 drones, which are autonomous, can pick up and carry a package of 4.4 pounds across 12 miles of sky on a single battery charge in real world conditions.

They are designed to reload their payload and swap out batteries without human intervention. They work in conjunction with Mercedes-Benz Vans’ on-board and cloud-based systems so that items within a van are loaded up into the drone, automatically, at the cue of software and with the help of robotic shelving systems within the van.

A self-flying, Matternet 2 drone hoists a package near a shipping container.

A self-flying, Matternet M2 drone hoists a package near a shipping container.

 

Matternet designed a hard-shelled case to protect and carry any given cargo. The drone’s payload can transmit data about the contents and destination of a given delivery.

For a logistics company using the Matternet M2 drones or Vision Vans, that data could serve as a kind of proof of delivery, and alert users the instant a package has arrived.

Andreas Raptopoulos, co-founder and CEO of Matternet explained that while all of this sounds and looks like the stuff of sci-fi, the vans with integrated drone technology could be put to immediate good use where regulations allow.

The Vision Van can, for example, launch a Matternet M2 drone with a payload to a final destination that’s not accessible to a van or driver, whether that’s due to traffic in a populated urban area or a lack of safe roads in a more rural or disaster-stricken area.

Mercedes-Benz Vision Van with a rooftop-integrated Matternet 2 drone.

Mercedes-Benz Vision Van with a rooftop-integrated Matternet M2 drone.

 

Or, the drones could fly a package from a distribution center or warehouse to a van so a driver can ultimately take the package down and walk it up to a customer’s doorstep nearby.

A division of Daimler, Mercedes-Benz may be better known for its luxury and sports cars. However, the Mercedes-Benz Vans unit sold 321,000 vehicles in 2015, according to a company financial statement, with popular models in travel and logistics including the Sprinter, Marco Polo, Vito (known as the Metris in the U.S.) and Citan.

According to a company press statement Mercedes-Benz has invested an undisclosed amount in Matternet. According to SEC filings, Matternet has so far raised $9.5 million of a targeted $11.5 million venture funding round.

Mercedes-Benz and Matternet unveil vans that launch delivery drones

How Facebook Chatbots Can Revolutionize Your Social Media Strategy

How Facebook Chatbots Can Revolutionize Your Social Media Strategy

The artificial intelligence era… It’s all about embedding human smarts in machines.

Facebook chatbots are one application of this revolution, as they rapidly gain popularity and provide a new tool for marketers to leverage. These chatbots are the incorporation of automatic chatbots within Facebook Messenger.

Chatbots offer flexibility in order to automate tasks, and assist in retrieving data. They are becoming a vital way to enhance the consumer experience for the purpose of better customer service and growing interaction.

In April 2016, Mark Zuckerberg announced that third parties could use the messenger platform to create their own personal chatbot. Since then, the popularity of chatbots has rapidly grown all over the world.

In social media marketing chatbots have evolved, but their prime functionality remains the same, and that is to improve real-time engagement. Customers are always searching for prompt and ready replies to their comments and queries. The chatbots are designed in such a manner that they are able to answer most of the queries placed by customers, without human intervention. And this helps in bonding a strong relationship with your customers and potential crowds, without paying for high overheads on staff.

Two chatbots that have gained immense popularity in no-time are Apple’s Siri and Chotu Bot.

Chatbots: Why such a buzz at present?

Modern advancement in the field of artificial intelligence, which includes neural networking and deep learning, have permitted chatbots to acquire data sets exactly the way the human brain works. This is revolutionary.

Chatbots are instigating a stir in the present world of consumer services. Facebook created a revolution for technology by launching Facebook messenger chatbots which permit businesses to generate an interactive experience, content, e-commerce guides and automate customer service. Messenger has reached more than 900 million users, plus it offers the most striking platform to implement your desired bots.

Maybe the most renowned example  of a chatbot is Apple’s Siri. Like all chatbots, Siri is a perfect combination of pre-defined scripts and neural systems to anticipate a precise reaction to an offered conversation starter or explanation, permitting clients to skip steps while speaking. Siri is a masterpiece that took years for such a huge organization with loads of assets to develop.

Siri for Facebook chatbots

The second example is a chatbot from an organization that is not as famous as Apple. But still the chatbot is so efficient that it has been able to create a lot of buzz for itself in the market.

The Chotu Bot helps you replace various software and get detailed information on various topics such as wiki search, PNR status, Vehicle registration number etc. inside your messenger. And the developers behind the Chotu Bot are preparing to update it so that it can reply to most of the queries asked from all around the planet.

Chotu Bot for Facebook chatbots

How can a Facebook chatbot assist your marketing?

Facebook allows brands to connect their potential customers independently through these messenger bots which leads to a new era in advertising.

The basic idea behind launching the messenger bots is to connect all the people directly to the business in order to automate customer engagement and interactions. Now there are more than 11,500 bots that have been developed on messenger and nearly 23,500 developers signed up in order to build their own bots using tools offered by Facebook. This means it assists you to automate informal interactions between businesses and users.

Recently Facebook announced new features for bots which can easily respond with video, audio, GIFs, and such files that make you build your own bots with ease.

How do chatbots help e-commerce platforms?

Chatbots assist the e-commerce industry by providing functionality in areas such as security, management, monitoring, and customer engagement which are key elements of e-commerce businesses.

Self-service and automation are the ideal way to go ahead in e-commerce, this the ultimate reason why businesses are using chatbots.

Here are just some ideas for how chatbots can make customer engagement easier:

Convenient, contextual and in control

Facebook messenger for chatbots is focused on generating the greatest customer engagement experience. They offer automated updates about traffic, weather, automated messages and much more.

Easy setup and cost savings

Bots help you save time and reduce the cost of hiring staff.

Unprecedented customer reach

The new receive/send API allows you to connect with more than 950 million people in and around the world. That’s the reason bots are growing as the key tool for businesses to gain wonderful networking and commercial opportunities.

How can you use chatbots?

Chatbots make it possible to offer a more proactive, personal, and efficient consumer experience.

how to use chatbots for Facebook chatbots

  • Chotu, one of the leading chatbot technologies, is an AI robot on Facebook messenger that assists in accelerating customer information acquisition through Facebook messages. It provides all the needed information from your messages itself, rather than relying on several different apps working together. Chotu performs multiple tasks at a single time and offers 24×7 customer service.

chotu for customer experience for Facebook chatbots

  • Pizza Hut announced that Facebook messenger chatbots assist their customers in asking questions, viewing their current deals and much more. This helps Pizza Hut interact with their customers more easily at any time and from any place.

36 love questions for Facebook chatbots

  • 36LoveQuestions is a wonderful Facebook messenger chatbot that asks you 36 exact questions in order to determine whether you are in love with someone or not.

Chatbots: From the “simple” customer to enterprises

At present, chatbots are very prevalent in the customer space. From a business point of view, transportation businesses and e-commerce delivery enhance their chances by allowing their customer to purchase products more efficiently.

customer space for Facebook chatbots

But bots are rapidly moving across to the enterprise space as most companies are now building their own chatbots in order to generate better engagement with their customers and create additional value for their brand.

How chatbots are minimizing the gap between customers and brands

Public vs. Private

One of the major problems that various organizations had to face while promoting on social media was to provide a primary customer service to their potential clients. The best thing about [messaging bot] is that you can have a ‘Message Us’ option and truly use this as a one-on-one, private channel.

Consistency

Messaging is a continuous and real-time process between a customer and a brand. You can have a real-time chat with a specialist from the brand, then you can leave and return a day later and see the history… That is truly energizing since that begins to effect customer behavior.

Accessing an audience of over a billion people

Facebook commenced this entire chatbot furor in April by permitting outside bots on its messenger. So even in the worst case, this is the potential crowd you can reach.

Include different systems (WhatsApp has not joined the chatbot fleeting trend yet) and the aggregate gathering of people on messaging platforms is well in an abundance of 1.2 billion. This is the crowd that you can target directly and provide each one special attention.

Who does not like a personal exclusive service?

Chatbots are poised to reform the customer-brand interaction. Facebook knows the potential of personal messaging and they know this idea can be really useful for brands to retain their audiences for a longer period of time.

Any organization today with a chatbot has the capacity to gain customer insights. The more insights they gain, the better the brand messaging will become, which ultimately indicates better targeting and more sales. The best part is that these chatbots are relatively cheap compared to other applications.

A business which takes time to understand chatbots and execute them have a better chance of offering things to their customer and this will really help them build a nice strong relationship over time.

Chatbots are the perfect fit for the modern e-commerce company looking to ramp up customer service.

Companies which are using chatbots are likely to experience better results and acquire the ability to advertise and market new products which ultimately generate customer engagement.

http://www.jeffbullas.com/2016/09/02/facebook-chatbots-can-revolutionize-social-media-strategy

Domino’s – half of the company’s U.S. orders are now digital

Domino’s Is One Step Closer to Delivering Pizzas by Drone

“This isn’t a pie-in-the-sky idea.”

Some of the world’s biggest companies—Amazon, Google—are itching to make commercial deliveries by drone, but a pizza restaurant may beat them to it.

On Thursday, Domino’s Pizza Enterprises—an international franchiser of the Domino’s Pizza brand—conducted a demonstration of pizza delivery by drone in Auckland, New Zealand as it stated its intent to be the world’s first company to launch regular drone delivery.

“We’ve always said that it doesn’t make sense to have a 2-tonne machine delivering a 2-kilogram order,” Domino’s Group CEO and managing director Don Meij said in a statement. The use of drones, “is the next stage of the company’s expansion into the artificial intelligence space and gives us the ability to learn and adopt new technologies in the business.”

Domino’s is partnering with drone delivery company Flirtey for this effort. The demonstration on Thursday was a final step in Flirtey’s approval process, Domino’s says. It expects trial store-to-door drone deliveries from select Domino’s New Zealand locations to get underway later this year, assuming Flirtey gets the regulatory okay to make commercial drop-offs.

 

Domino’s says it chose to launch this capability in New Zealand because the country’s current regulations allow businesses to tap unmanned aircraft for commercial uses. But the specifics of New Zealand’s Civil Aviation Authority drone rules—namely the requirement that all drones must remain in sight at all times—could still prove tricky.

“Both Domino’s and Flirtey are learning what is possible with the drone delivery for our products, but this isn’t a pie in the sky idea. It’s about working with the regulators and Flirtey to make this a reality for our customers,” Meij said.

7-Eleven has also partnered with Flirtey for its trial drone deliveries. Last month the convenience store chain demonstrated its own drone delivery—an order of coffee, donuts, a chicken sandwich, and, of course, a Slurpee—in Reno, Nev. The companies called the test the first time a drone had legally delivered a package to a U.S. resident who placed an order from a retailer. In the U.S., there are strict drone regulations, which have pushed companies to conduct testing overseas. The Federal Aviation Administration has released new commercial drone rules that take effect this month, but they don’t allow for flying drones at night or outside the line of sight of their operators—restrictions that could make drone deliveries impractical.

In a statement, Flirtey CEO Matt Sweeny said New Zealand “has the most forward-thinking aviation regulations in the world,” adding that Thursday’s demonstration “herald[ed] a new frontier of on-demand delivery for customers across New Zealand and around the globe.”

Drone delivery will let Domino’s reach more rural customers and to reach urban customers in a “much more efficient time,” Meij said.

Domino’s investment in technology is one reason for its recent success. The stock of its U.S. brand, Domino’s Pizza Inc., hit an all-time high earlier this week, reaching $151.10. In the past few years, it’s rolled out innovative ordering options, like allowing customers to place orders via emoji and Apple watches. A report in March said that half of the company’s U.S. orders are now digital.

http://fortune.com/2016/08/25/dominos-pizza-drone-delivery/

The new paradigm for human-bot communication

Editor’s note: Xuchen Yao is co-founder and CEO, and Guoguo Chen and Kenji Sagae are co-founders, of KITT.AI. Daniel Li is an associate at Madrona Venture Group.

Chatbots offer the promise of frictionless access to goods, services and information, but creating effective bots can be deceptively tricky.

The flip side of the opportunity to interact with users in a seamless, natural way is that user expectations can be prohibitively high. Bots need to be smart and provide greater convenience than apps — a very effective UI paradigm tailored for today’s mobile devices that has been carefully refined for more than a decade.

The good news is that the belief that bots must master human language or replace apps to succeed is false. Bots will engage with consumers in new ways that combine the strengths of humans and machines to allow both structured and unstructured information to be exchanged naturally and efficiently.

Communication velocity

One simple but intuitive way to measure the effectiveness of communication is to look at the amount of information exchanged per unit of time. Under this framework, text (e.g. SMS, chat, email) and speech (e.g. phone call) interactions differ in the amount of information that can be produced versus consumed.

image001

While we typically produce 120 to 140 words per minute when speaking, we can typically only write or type 40 to 70 words per minute. When we look at the speed of information consumption, reading speed in English is upwards of 200 words per minute, but listening speed is limited to the 120 to 140 words per minute of speech production.

SMS and chat apps have adapted to increase text production speed through autocorrect features and novel keyboards, but text production for humans will always be slower than consumption.

Imagine, however, a friend that can type, draw, look up information and find GIFs at superhuman speed, and produce buttons, menus and pictures to make your input faster. Better yet, your enhanced input is much easier for your friend to understand and does not take away the flexibility and familiarity of natural language when needed.

We may not be quite there yet, but we are very close, especially with well-constructed bots on certain platforms. Here is a look at the features of different bot platforms that are shaping human-bot communication toward a more efficient, robust and natural UI paradigm.

Quick-reply buttons

Quick-reply buttons are a simple and convenient way to save user time and prevent unexpected input. They are unique to human-bot communication as buttons are trivial for bots to create and easy for humans to use; benefits include enhanced communication speed and bot comprehension.

Facebook, Telegram and Kik bots all have quick-reply buttons, but under slightly different names, and some bots, such as the Sephora bot on Kik, use the quick-reply button as the primary mode of communication. Slack still lacks quick-reply buttons, but has message buttons with associated actions.

Telegram Custom Keyboard:

image002

Facebook Messenger Quick Replies:

image003

Kik Suggested Response Keyboard:

image004

Callback buttons

Callback buttons are similar to quick-reply buttons but allow for a broader range of potential interactions. When a callback button is clicked, it generates an HTTP call to a registered webhook that triggers a predefined action. Callback buttons are a great way to provide feedback, and they also provide a deeper analytics opportunity for the bot backend.

Slack Message Buttons:

image005

Messenger Postback Button:

image006

Telegram Callback Buttons:

image007

Structured information sharing

Sharing information that can be easily parsed programmatically takes the exchange of structured information from clunky in a language-only paradigm to easy and unambiguous in a hybrid paradigm.

For instance, sharing a location like “3rd & Madison” is ambiguous and slow for humans and machines to parse, while shared GPS coordinates can be quickly displayed with a map service and understood by bots.

Telegram SendContact and SendLocation:

image008

Facebook Messenger Location Sharing:

image009

Bot mentions

Inline bots are a great way to quickly obtain, send and share information during chats, without the need to jump out of the current interface (to go to another chat) or the current app (to go to another app).

Instead of multiple taps and menus to perform a specific function, an @ mention at a bot allows for a one-line interaction. Allowing bots to share conversational context with one another also greatly increases the speed of interaction because users no longer need to re-input data for each communication.

Telegram Inline Bot:

image010

Slack Bot Mention:

image011

The following table summarizes the added language-touch functionality provided by four popular chat and bot platforms. These features represent the beginning of a hybrid communication paradigm that will enable more efficient and effective communication with bots:

  • Quick-reply buttons: save user time and improve machine comprehension
  • Callback buttons: provide calls to action and back-end analytics
  • Structured info sharing: easily shares machine-readable information
  • Bot mention: make bots always present and easily accessible

image012

If your bot does not use a language-touch hybrid communication pattern, there are several other ways you can still take some of the UI mechanics from buttons and callbacks to build a better bot:

  • Build your system starting with humans in the loop to identify the most common communication patterns and exceptions to that pattern
  • Optimize dialogue for two-channel — fast and slow — communication with clear, well-defined responses (e.g., “Reply YES to buy”) or open-ended messages (“Can you tell me when the new Taylor Swift record comes out?”)
  • Use callback functions, even without native integration. For more complicated tasks, take users out of chat and move them to a point-and-click or touch interface that is better suited to the task at hand
  • Consider moving to a platform that is better optimized for new human-machine interaction

AI and NLP have a long way to go before bots achieve human-level communication. However, before that happens, new methods of human-machine communication will leverage the strengths of humans and machines to create new interaction paradigms that are as natural as our own language.

The new paradigm for human-bot communication

Silicon Valley Top 100

There’s a misconception that Silicon Valley is all about creating frivolous apps and getting paid buckets of money to do it while working in a frat house. Some of the brogrammer culture does exist in pockets, but it doesn’t define the cradle of innovation where thousands work and create in Silicon Valley.

Instead, after months of research and debate, Business Insider is proud to present the Silicon Valley 100, our annual list of the people who matter most and define what it means to be in Silicon Valley.

This isn’t another who’s who list based on long-standing reputation; rather it is a look at who made a difference in the past year. These are the star executives breaking new ground at companies, the venture capitalists who did more than make big bets on the future, and the companies that want to change industries and your life.

 

100. David Boies

100. David Boies

Jay Janner-Pool/Getty Images

Lawyer and board member, Theranos

Boies has provided legal counsel for a slew of troubled tech startups, ranging from Napster to Hampton Creek and now Theranos. The legal expert is defending the company from inquests by several government agencies and is considered a force to be reckoned with — he helped the US win the 1998 case United States v. Microsoft Corporation, in which the government accused Microsoft of becoming a monopoly.

99. Andre Iguodala

99. Andre Iguodala

Steve Jennings/Getty Images

Tech investor and NBA player

Iguodala plays for the Golden State Warriors, the NBA team owned by a spate of VCs, including Chamath Palihapitiya of Social Capital and Joe Lacob of Kleiner Perkins Caufield & Byers. Ben Horowitz, whom Iguodala describes as a „total brainiac,“ has taken the NBA free agent under his wing, teaching him about portfolio management.

Iguodala has invested in the stocks of Facebook, Twitter, and Tesla, and he appeared at Tech Crunch Disrupt in September. 

98. David Drummond

98. David Drummond

Andreas Rentz/Getty Images

Senior VP of corporate development, Alphabet

With Google’s restructuring into Alphabet, Drummond was pulled up to the top to oversee mergers and acquisitions for all of Alphabet’s ventures. He previously acted as Google’s first outside lawyer, working with Larry Page and Sergey Brin to secure Google’s earliest financing rounds. Drummond also still sits on the board of Uber.

97. Tony Xu

Cofounder and CEO, DoorDash

In March, the food-delivery startup DoorDash raised $127 million — but it did so in a down round, meaning the company raised money at a lower valuation than it previously held. The investment exemplifies the difficulty DoorDash and comparable startups in Silicon Valley are facing to secure funding as investors have grown wary of on-demand businesses. But Xu denies that the company just had a down round, holding on to the declaration that DoorDash is in good shape. The three-year-old startup is operating in 25 cities, has deals with major chains like Taco Bell, and recently expanded into alcohol delivery.

The company also has another edge in the food-delivery space, though: Unlike other meal-delivery services, DoorDash provides its own drivers, which makes it possible to order from restaurants that aren’t available on places like GrubHub, giving users more variety.

96. Manny Bamfo

96. Manny Bamfo

Recharge

Cofounder and CEO, Recharge

If you have ever craved a quick nap while away from home, you will understand the allure of Recharge. The app allows anyone near a partnering hotel to get some privacy for extremely short hotel stays — think hours or even minutes. Bamfo came up with the concept after noticing that on-demand Lyft drivers had nowhere to rest between jobs. Investors like it too, and in June the company raised a $2.3 million seed round led by Binary Capital.

95. Tom Reilly

95. Tom Reilly

Cloudera

CEO, Cloudera

Cloudera, a software company launched in 2008 that aims to help businesses — more than 20,000, in fact — make sense of huge data sets, has raised more than $1 billion in private funding. Investors include Intel, Google Ventures, and MSD Capital.

The company has been considering an initial public offering for more than a year to maintain its dominance in the market, but Reilly said in April that Cloudera would enter the public market only „when we’ve reached the right scale, when the business is more predictable, when there’s greater visibility.“ They may have good reason to wait a while longer: Fidelity, another investor in the company, marked down the value of its Cloudera stake, along with stakes in several other startups, by 37% in March.

94. Nirav Tolia

Cofounder and CEO, Nextdoor

Nextdoor, the private social-networking service for neighborhoods, became a tech unicorn last year after raising $110 million in funding at a valuation of $1.1 billion.

After establishing an active presence nationally in all 50 states, Tolia took Nextdoor international this year by expanding into the Netherlands. The social network is continuing to team up with local police departments to improve neighborhood crime response, but under Tolia it is also taking a firm stance against racial profiling.

93. Matthew Prince, Lee Holloway, Michelle Zatlyn

93. Matthew Prince, Lee Holloway, Michelle Zatlyn

Anthony Harvey/Getty Images

Not Pictured: Holloway.

Cofounders, CloudFlare

CloudFlare handles 10% of the internet’s traffic, giving it a lot of quiet control over the web. In April, the startup became the first company to widely activate a technology that lets webpages and apps load as much as 15% faster, potentially shaving precious seconds off of your search time. It will take a year for the speed boost to come to full fruition, but it could usher in a new class of web applications when it does.

The company’s internet dominance has attracted the eyes of investors. In September the company raised $110 million in a round led by Fidelity and joined by Google Capital, Microsoft, Baidu, and Qualcomm Ventures.

92. Xavier Niel

92. Xavier Niel

Wikimedia Commons

Founder, 42

Niel, the French billionaire, launched a free coding school in the heart of Silicon Valley with a $100 million fund. In the next five years, the school, called 42, is expected to have 10,000 students. Niel started the program as a tuition-free college alternative primarily focused on teaching coding and entrepreneurial thinking. A high-school dropout, Niel founded the first 42 school in Paris in 2013. The US version has garnered support from Snapchat CEO Evan Spiegel, Twitter and Square CEO Jack Dorsey, and Slack CEO Stewart Butterfield.

91. Ryan Hoover

91. Ryan Hoover

Steve Jennings/Getty Images

Founder, Product Hunt

When investors want to find the next big thing to sweep Silicon Valley, they turn to Product Hunt, a community review website where users can upvote and downvote new tech products and companies. A feature on the site can make or break a startup’s future, and as the founder and face of the company, Hoover holds the power to determine what is and is not cool.

That power turned Product Hunt into a hot startup itself, and the tech darling has raised $7.1 million in funding to date. In the past year the company also partnered with the workplace chat app Slack to make it even easier to monitor and browse the site, and it launched Product Hunt Live, which allows people congregate online and learn about the tech world straight from startup founders.

90. Javier Soltero

90. Javier Soltero

Wikimedia Commons

Corporate VP of Outlook, Microsoft

Soltero has accomplished a lot in a very short time: His startup Acompli was purchased by Microsoft in late 2014. By January 2015, Acompli had been rebranded Outlook Mobile, and it went on to win acclaim as one of the best ways to handle your email and calendars on iPhone and Android devices. With that success under his belt, Soltero was named corporate vice president of Microsoft Outlook less than a year later, guiding development of the ubiquitous productivity software across PCs, tablets, phones, and beyond.

89. Marwan Fawaz

89. Marwan Fawaz

Nest

CEO, Nest

Fawaz joined Nest, which is part of Google’s parent company, Alphabet, after CEO Tony Fadell stepped down in June. As the new face of Nest, Fawaz is tasked with turning the company around after its tumultuous year, which included product issues and complaints about Fadell’s management. Previously, Fawaz repositioned the Motorola Home business as its president, streamlining products and services and leading the transaction process to sell the business unit to Arris for $2.35 billion in 2013.

88. Marco Zappacosta

88. Marco Zappacosta

Thumbtack Inc

Cofounder and CEO, Thumbtack

In September, Zappacosta’s startup Thumbtack, a platform that matches professionals like personal trainers or electricians with potential customers, raised $125 million, pushing its valuation to $1.3 billion and giving the startup unicorn status. As a competitor to Angie’s List or Yelp, Thumbtack is a startup that is helping usher in the era of freelance work. Jeb Bush visited the startup’s headquarters last July during his presidential run to take a look at the sharing economy while making his rounds in the San Francisco Bay Area.

87. Jess Lee

87. Jess Lee

Jess Lee / Polyvore

Cofounder and CEO, Polyvore

Yahoo bought the social shopping site Polyvore last July reportedly for a price of about $200 million, saying the company’s expertise in community-driven experiences and retailer-supported commerce paired with Yahoo’s premium content showed „amazing potential.“ Lee said Yahoo CEO Marissa Mayer had a part in shaping her career when she interviewed Lee for Google’s elite associate product manager program back in the early 2000s. Since it joined the Yahoo family, Polyvore expanded in February to include a new menswear category, an area that Pinterest is also aggressively going after. 

86. Stacy Brown-Philpot

86. Stacy Brown-Philpot

TaskRabbit

CEO, TaskRabbit

After Leah Busque stepped down from the role of TaskRabbit CEO for a second time, Brown-Philpot took over in April, becoming the first black female CEO in Silicon Valley. The former Google employee studied startups and played a lead role in global consumer operations before joining TaskRabbit in 2013. She took unpopular but necessary steps — including layoffs — to get the startup on track toward its goal of profitability this year.

85. Joe Lonsdale

Founding partner, 8VC

Once dubbed one of the „hottest VCs since Andreessen Horowitz,“ Formation 8 broke up in November, with its founding partners, including Lonsdale, the Palantir cofounder, all leaving to start their own firms. The turnaround for Lonsdale was fast. Four months later, he had already raised $300 million for his new firm, 8VC. He now sits on the board of several hot startups including Oscar, Hyperloop One, and Wish.

84. Talia Jane

84. Talia Jane

Talia Jane/Twitter

Ex-employee, Yelp

Jane, a former Yelp employee, sparked conversations in Silicon Valley when she wrote an open letter to Yelp CEO Jeremy Stoppelman claiming that some of his employees just couldn’t make ends meet; hours later, she was fired. Her missive noted that she made only $8.15 an hour after taxes, claiming she couldn’t afford groceries and that „bread is a luxury“ to her. Her letter not only went viral, but it also made tech companies confront whether they were paying a living wage in light of San Francisco’s dizzying rent prices.

83. Chris Wanstrath

83. Chris Wanstrath

Brian Ach/Getty Images

CEO, Github

Described as the „Facebook for code,“ Github’s rapidly growing software development network is made up of over 15 million users. With more than 38 million projects available on the site, Github has become one of the largest communities of software developers on the web. Last summer, Github raised $250 million in series B funding, bringing total funding to $350 million and raising its valuation to $2 billion.

As for the future? Wanstrath told Business Insider in October that he wanted to make it easier for anyone to become a developer, and to do that he wants to focus on improving Github’s service.

82. Larry Ellison, Mark Hurd, Safra Catz

82. Larry Ellison, Mark Hurd, Safra Catz

Noah Berger/Reuters, Robert Galbraith/Reuters, and Justin Sullivan/Getty

CEO (Hurd and Catz), CTO and founder (Ellison), Oracle 

In the first year since Ellison, the Oracle founder and chairman, stepped down as CEO — he moved to the role of chief technology officer and was succeeded by co-CEOs Hurd and Catz — the company has set off on a startup-buying spree. In its fifth and most recent acquisition of 2016, Oracle purchased Opower, a cloud-based energy-management company used by more than half of the world’s largest utility companies, for $532 million. Before that it bought another cloud-services company, Textura, for $663 million, expanding its offerings in the construction industry.

Though Oracle’s cloud business is still just a fraction of the company’s overall revenue, Ellison thinks it could lead Oracle to become the first cloud-computing business to reach $10 billion in revenue. Catz was the top-paid female executive in 2015, earning nearly $57 million.

81. Phil Fernandez

81. Phil Fernandez

Marketo

CEO, Marketo

Marketo had been public for three years, but that never stopped the speculation that it was a ripe target for M&A. The rumors were finally put to an end in May after the private-equity firm Vista Equity Partners bought Marketo’s remaining shares of common stock for $1.79 billion. Fernandez said the all-cash deal would „allow Marketo to continue to focus on customer success and to remain the independent category leader.“ Before Marketo, Fernandez was an executive at Epiphany and Red Brick Systems and helped launch a few successful initial public offerings.

80. Shervin Pishevar

80. Shervin Pishevar

Sherpa Capital

Cofounder and managing director, Sherpa Capital

Pishevar was the person who persuaded Elon Musk to release his plans for the Hyperloop super-fast transportation system to the public back in 2013, and he is now the chairman of Hyperloop One, a startup that is trying to make Musk’s vision real. Pishevar is best known for his early investment in Uber back when everyone thought the ride-hailing company was overhyped, and, well, we all know how that turned out. Between his investments as a VC and his personal angel investments, he has had a stake in a huge list of other startups, including Klout, Parse, TaskRabbit, Tumblr, Warby Parker, and Washio.

79. Tim Kentley-Klay and Jesse Levinson

79. Tim Kentley-Klay and Jesse Levinson

Zoox

Cofounder (Kentley-Klay), cofounder and CTO (Levinson), Zoox

Zoox, a driverless taxi startup, has permission to test in California — it’s the only startup of its kind with a license to do so. The company recently closed a $200 million round, and it has reportedly been valued at $1 billion. Kentley-Klay and Levinson have stacked their staff with former Alphabet, Apple, and Tesla workers to build a technology that could rival Uber’s ride-hailing service, though the company tends to stay under the radar with its driver-free projects.

78. Ali Ghodsi

78. Ali Ghodsi

Databricks

Cofounder and CEO, Databricks

Databricks‘ data-crunching technology, Spark, allows for the real-time processing that powers new-wave technologies like self-driving cars and face-recognition tech. The concept fit the industry’s latest „big data“ trend: Companies are storing massive amounts of information and sifting through it to find business insights, and they are using all that data to offer their customers new programs and services. Ghodsi’s company really burst onto the scene last year when IBM announced plans to invest about $300 million over the next few years into the open-source version of Spark.

77. Dustin Moskovitz

77. Dustin Moskovitz

Asana

Cofounder and CEO, Asana

For Moskovitz, one of Facebook’s earliest employees, worker experience and profitability trump company growth. And Asana boasts an employee experience like no other: Its 190 employees enjoy homemade gourmet food all day long made by a professionally trained chef. In March, Moskovitz raised $50 million to keep his enterprise collaboration alive. The funds came from Facebook CEO Mark Zuckerberg and his wife, Priscilla Chan; Y Combinator president Sam Altman; Groupon founder Andrew Mason; and Peter Thiel’s VC firm Founder’s Fund, among others.

76. Nick Weaver

76. Nick Weaver

Eero

Cofounder and CEO, Eero

Those pesky Wi-Fi dead spots and slow loading speeds in your home no longer need to be an issue thanks to Weaver’s mesh networking device. Eero, which finally launched early this year after a series of delays, uses multiple devices to blanket your entire home with a smooth Wi-Fi signal. It was worth the wait, though. Silicon Valley investors gave Weaver $90 million to build his concept, which according to our reviews, really does boost browsing speeds.

75. Sukhinder Singh Cassidy

75. Sukhinder Singh Cassidy

Brian Ach/Getty Images

Founder and CEO, Joyus; Founder, theBoardlist

After experiencing sexism at her first Silicon Valley job, Cassidy knew the state of diversity in the industry needed to change. So she created theBoardlist, which helps startups and private companies find women to serve as independent directors on boards. The list of potential female board members comes entirely from recommendations of hand-selected successful Valley entrepreneurs, and the company has already compiled a list of 1,000 qualified women endorsed by about 200 business professionals and is hosting information on about 60 open board seats.

74. Ali Rowghani

74. Ali Rowghani

Joi Ito/Flickr

Managing partner, Y Combinator

Y Combinator CEO Sam Altman didn’t want a traditional late-stage venture capitalist to run the company’s VC fund, Continuity Fund, so he hired Rowghani, a former Twitter and Pixar executive. Rowghani leads growth investments in a lot of today’s hot startups — as long as they are Y Combinator alumni. The company’s investments in late-stage companies is a turning point for the accelerator, which used to be known only as the starting point for some of the biggest startups in tech.

73. Kris Gale and Vivek Garipalli

73. Kris Gale and Vivek Garipalli

Clover Health

Cofounders, Clover Health

Clover Health, founded by Gale and Garipalli, has been on a funding tear, raising $260 million in the past year to revolutionize insurance. It received a record-breaking $4 million investment from First Round, a firm that on average invests $500,000 in its targets. What sets Clover apart from other insurance companies is its use of software on every level of care: It builds a team that maintains users‘ profiles and can dispatch nurses on home visits, after a surgery for example, to make sure patients are following through on their instructions and feeling better.

72. Divya Nag

72. Divya Nag

Divya Nag/Website

Head of ResearchKit and CareKit, Apple

Before ResearchKit, Nag dropped out of Stanford, founded Stem Cell Theranostics, and built Stanford’s official medical innovation accelerator program. She joined Apple in 2014 and now leads the company’s charge into the health tech realm, specifically with its open-source developer toolbox that provides data storage and sharing. Medical personnel use the technology in hospitals as a way to monitor and keep tabs on their patients. Plus, researchers can use the data to study diseases and health trends.

71. Scott Dietzen

71. Scott Dietzen

Steve Jennings/Getty Images

CEO, Pure Storage

Dietzen, who previously held the positions of president and CTO at the VMWare-acquired email startup Zimbra, oversaw the company’s initial public offering in October; it was one of the few companies to go public in the past year. The company debuted at $17 a share but has since lost more than a third of its value as investors have soured on tech. 

70. Anne Wojcicki

70. Anne Wojcicki

Kimberly White/Getty Images

Cofounder and CEO, 23andMe

Two years after Wojcicki’s personal genetics company, 23andMe, was ordered by the Food and Drug Administration to halt operations for misrepresenting its testing reports as medical advice, the company relaunched last fall with $115 million in new funding at a valuation of $1.1 billion. It now offers a new $199 spit-and-submit test that provides users with 60-plus FDA-approved reports.

The more people know about their genetics, Wojcicki believes, the more informed their health and wellness decisions will be. And 80% of the company’s 1 million genotyped customers have agreed to share their data with 23andMe for potentially groundbreaking scientific and medical research. This spring, 23andMe reportedly opened a drug lab where it will test treatment ideas, potentially leading to future profit generation for the company.

69. Martin Roscheisen

69. Martin Roscheisen

Martin Roscheisen/Twitter

Cofounder, Diamond Foundry

After three years in hiding, the Santa Clara-based startup emerged claiming it had found a way to grow real diamonds in a lab. The breakthrough was enough to persuade 10 billionaires and members of Silicon Valley tech royalty to invest. Leonardo DiCaprio backs the venture as well. With this technology, Diamond Foundry hopes consumers will no longer have to question whether their diamonds were ethically produced.

68. Angela Ahrendts

Senior VP of retail and online stores, Apple

Since leaving her post as CEO of Burberry in 2014 to take over Apple’s retail and online operations, Ahrendts has reenvisioned what an Apple store could look like, positioning it as a contender in the luxury market. Under Ahrendts, the brand streamlined its inventory and added upscale, non-Apple products to its offerings, such as a futuristic speaker that retails for nearly $2,000.

Ahrendts aims to bridge the divide between Apple’s online and offline presence, adding features like a 24-hour meeting space, free Wi-Fi, and ornate decorations to stores, as debuted in San Francisco. Ahrendts hopes to make Apple stores a vital part of the communities they are located in, much in the way Apple products permeate modern life.

67. Dag Kittlaus

67. Dag Kittlaus

Noam Galai/Getty Images

Cofounder and CEO, Viv; Cofounder, Siri

Kittlaus decided that Siri „was only chapter one of a much bigger, longer story“ and recently unveiled Viv, an artificial intelligence company. The company is building what Kittlaus calls a „global brain,“ a new kind of voice-controlled virtual personal assistant that will be able to perform thousands of tasks. And it won’t just be stuck in a phone; it will be integrated into everything from fridges to cars. Viv has $30 million in funding and is the brainchild of Kittlaus, fellow Siri founder Adam Cheyer, and Siri software engineer Chris Brigham.

66. Dick Costolo

66. Dick Costolo

Getty / Steve Jennings

Cofounder and CEO, Chorus; partner, Index Ventures

Despite a public exit from Twitter last year, Costolo hasn’t left Silicon Valley. In January he announced plans to launch a fitness software startup with the goal of making fitness fun and social as well as shaking up how users motivate themselves to work out.

Costolo isn’t afraid to poke fun at Silicon Valley’s culture, either. He works as a consultant on the HBO show of the same name, expertly spoofing startup culture and the tech world. There might even be a fictitious version of Costolo on the show.

65. Mårten Mickos

65. Mårten Mickos

HackerOne

CEO, HackerOne

Mickos was named CEO of HackerOne last year after holding CEO positions at the database company MySQL and the HP-acquired Eucalyptus Systems. Along the way, Mickos has become a sort of fatherly pied-piper figure to a generation of socially awkward teen hackers, many of them living in developing countries. He is guiding them to the light of hacking for good, and earning some money, instead of causing mischief.

The hot cybersecurity startup HackerOne’s investors include Salesforce CEO Marc Benioff and Dropbox CEO Drew Houston, and Adobe and Yahoo are among its customers. Companies like Uber use the startup to hunt bugs on their software. HackerOne has raised $34 million in venture-capital financing from firms like Benchmark Capital and New Enterprise Associates.

64. Susan Wu, Laura I. Gómez, Erica Baker, Ellen Pao, Tracy Chou, Y-Vonne Hutchinson, Bethanye McKinney Blount, Freada Kapor Klein

64. Susan Wu, Laura I. Gómez, Erica Baker, Ellen Pao, Tracy Chou, Y-Vonne Hutchinson, Bethanye McKinney Blount, Freada Kapor Klein

Ashleigh Richelle/Project Include

Cofounders, Project Include

The nonprofit, started by eight successful women in Silicon Valley, is one of the biggest diversity initiatives in tech. Project Include asks tech companies to track their rates of inclusion to shed light on the industry’s slow diversification. Big players like Google, Microsoft, and Facebook know they lack in diversity, so the nonprofit wants to spark change — fast.

63. Todd McKinnon

63. Todd McKinnon

Okta

Cofounder and CEO, Okta 

McKinnon was a Salesforce engineer before founding Okta, now a seven-year-old cloud security startup valued at $1.2 billion. Okta, which connects and manages passwords and log-ins for services used by companies‘ employees, is reportedly toying with an initial public offering after hiring a Goldman Sachs banker in June. An Okta representative confirmed to Business Insider that the move was not for the purpose of an outright sale. Okta raised $75 million last September, bringing its total funding to about $230 million.

The competition in the cloud software space is fierce. This spring, Microsoft — an Okta customer, partner, and competitor — disinvited Okta from its coming tech conference because of „broad competition“ between the companies, only to change its mind a week later and reinvite the company.

62. Max Levchin

62. Max Levchin

Affirm

Cofounder and CEO, Affirm

Levchin, the longtime Silicon valley bigwig known for founding PayPal, left Yahoo’s board after a three-year stint „due to other commitments“ — the main one being his startup Affirm, the alternative lending company. In April, Affirm raised $100 million in a series D round that it plans to use to increase its distribution capacity, grow its merchant clientele beyond the 700 retailers it now works with, and expand to products beyond point-of-sale financing.

61. Ben Silbermann and Evan Sharp

61. Ben Silbermann and Evan Sharp

Pinterest

Cofounders, CEO (Silbermann), chief creative officer (Sharp), Pinterest

Pinterest hit over 100 million active monthly users and a $11 billion valuation this past year, spurring Silbermann and Sharp to ramp up their e-commerce plans. Their new buyable pins allow users to purchase items directly from the site’s pins.

Though the company reportedly generated more than $100 million in revenue in 2015, Silbermann continues to reject rumors the company will go public and plans to focus on international expansion. In April, Pinterest announced that over half of its more than 100 million monthly active users were international.

60. Steve Huffman

60. Steve Huffman

Reddit

CEO, Reddit

After founding Reddit, Huffman became its CEO after the social site’s users rebelled for infringements on free speech and interim CEO Ellen Pao resigned. Since taking over, Huffman enacted policies meant to stop Reddit’s abuse, like announcing that boards with content that incite violence or harm would be banned. Huffman’s other main focus has been turning on potential areas for monetization, like the site’s „I Am A…“ subreddit. In June, the startup announced it would automatically rewrite some links posted to help generate revenue from affiliates.

59. Rick Osterloh

59. Rick Osterloh

Tasos Katopodis/Getty Images

Senior VP of hardware, Google

Osterloh, previously the Motorola president, stepped into a newly created Google position a few months ago after reportedly turning down the CEO gig at DocuSign, a startup valued at about $3 billion. He now runs Google’s new hardware division, where he is responsible for unifying its diverse handful of products including its flagship Nexus phones and Google Glass revamp. His appointment may signify a new direction for Google or perhaps just the need for someone to figure out what the company’s direction should be.

58. Ben Hindman

58. Ben Hindman

Mesosphere

Cofounder, Mesosphere

Last year, the cloud-computing startup Mesosphere, which valued itself at $1 billion, reportedly declined a $150 million acquisition bid by Microsoft. Microsoft and Mesosphere will continue their technology partnership, which integrates Mesosphere’s flagship Data Center Operating System product with the Microsoft Azure cloud. Hindman created the company while at UC Berkeley, and now companies like Twitter and Airbnb use the technology to write code once and run it anywhere, on any server infrastructure.

57. Venkata „Murthy“ Renduchintala

57. Venkata "Murthy" Renduchintala

Intel

President of client and Internet of Things (IoT) businesses and systems architecture group, Intel

After Intel hired Renduchintala from Qualcomm, he became a major influence in repositioning Intel for the modern age. In November the company spent over $10 million in bonus payments alone to bring Renduchintala as president of the newly created group that oversees Intel’s largest revenue-generating businesses, including its PC and IoT chips. In April, CEO Brian Krzanich announced 12,000 layoffs and a $1.2 billion charge, and Renduchintala will be helping to decide what to cut. Renduchintala has been critical of Intel’s lack of product and customer focus, and he is the one leading the charge to make sure the company finds its way forward.

56. Joshua Reeves

56. Joshua Reeves

Gusto

Cofounder and CEO, Gusto

The human-resources software startup Gusto — formerly known as ZenPayroll — continues to grow, capitalizing on the recent troubles at Zenefits, one of its closest competitors. To keep Gusto thriving, Reeves focuses on putting customers first and curating a select team, rather than on expanding quickly and raising huge rounds of financing. That said, Gusto has raised more than $161 million, earning a $1 billion valuation in December.

55. Patrick Brown

55. Patrick Brown

Impossible Foods

Cofounder and CEO, Impossible Foods

Founded by Brown, a former Stanford biochemistry professor, Impossible Foods has engineered a plant-based burger that could be the answer to reducing animal-product consumption, especially for self-identifying meat lovers. Bill Gates and UBS are among the investors who think it is the answer: Impossible Foods has raised $183 million for its food concepts. The burger — which contains wheat protein, potato protein, and coconut oil, among other ingredients — looks like a beef patty and cooks the way it would. Alphabet Chairman Eric Schmidt praised meatless meat products as a possible world-changing technology, but Alphabet and Impossible Foods never secured a deal that was in the works last summer. Instead, the company is launching its meatless burger in New York.

54. Chris Lehane

54. Chris Lehane

Larry Busacca/Getty Images

Head of global policy and public affairs, Airbnb

Airbnb isn’t welcomed to every city with open arms, and former political guru Lehane is the man to help the startup find its way forward. Last fall, Airbnb spent millions to defeat a San Francisco ballot initiative that could have put a cap on the amount for which homeowners could rent their homes. Lehane gave a victory speech after the verdict, boasting of Airbnb’s NRA-rivaling membership numbers and its ability to mobilize its network of hosts. Lehane’s „SF-11“ group showcased the company’s usefulness and solidified it as a force for political change.

53. Chris Urmson

53. Chris Urmson

Youtube

Director of self-driving car project, Google

Google’s parent company, Alphabet, teamed up with the Department of Transportation to bring driverless-car technology one step closer to reaching the consumer market. Together, Google and the DOT aggregate data, better understand traffic patterns and congestion areas, and thus help driverless cars better navigate cities. So far, Urmson’s driverless-car prototype knows how to dodge streakers and women in wheelchairs, but it isn’t quite foolproof yet. Earlier this year, the prototype had a literal run-in with a bus. Surely, more tests are yet to come for Urmson and Google.

52. Doug Evans

Founder and CEO, Juicero 

After years in stealth mode and roughly $120 million in funding, Juicero, the company behind the „Keurig for Juice,“ finally launched in March. The countertop cold-press juicer churns out 8 ounces of organic, nutrient-dense juices. A Juicero app lets users keep track of juice pack deliveries and nutritional information.

Evans has made it his mission to help people lead healthier lives, though Juicero’s steep $699 price tag could deter potential customers. For now, only residents of California can purchase the product, but the company’s site teases that it will soon be available nationwide.

51. Bozoma Saint John

51. Bozoma Saint John

Matt Winkelmeyer/Getty Images

Head of global consumer marketing for Apple Music and iTunes, Apple

Saint John stole the show at this year’s Worldwide Developers Conference — she got the audience to rap along to the Sugarhill Gang’s „Rapper’s Delight“ and was dubbed „the coolest person to ever go onstage at an Apple event“ by BuzzFeed. Saint John ended up at Apple by way of the company’s acquisition of Beats Music, and before that she built Pepsi’s music and entertainment marketing group. Her team at Apple revamped Apple Music with features, like lyrics, that excited WWDC’s entire crowd.

50. Susan Wojcicki

50. Susan Wojcicki

FilmMagic for YouTube

CEO, YouTube

Since becoming CEO of Google’s YouTube division in 2014, Wojcicki has made a slew of changes. Under her lead, YouTube has dived into virtual reality, live programming, and a $10-a-month ad-free subscription service that aims to monetize the platform’s audience more effectively.

YouTube is also rapidly bulking up its advertiser base, signing a $200 million contract with the ad-buying firm Magna Global and experimenting with custom video ads for small businesses. Wojcicki recently introduced an extension of the site’s Preferred product that lets brands automatically place their content by YouTube’s fastest rising and most popular videos.

49. Marissa Mayer

49. Marissa Mayer

Justin Sullivan/Getty Images

CEO, Yahoo

Yahoo is struggling: revenue is down, investors are unhappy, and the company is bleeding money into acquisitions that aren’t providing the rescue the company needs. In the midst of Yahoo’s plight, many place the blame on Mayer for failing to turn things around in the four years since she took over.

But Mayer isn’t going down without a fight. She has stayed firmly at the helm of the company, determined to either figure out how to get Yahoo out of the red or dismantle the ship.

48. Nat Friedman

48. Nat Friedman

Xamarin

Cofounder and CEO, Xamarin

Xamarin, an open-source development company, allows programmers to write mobile apps that work on any popular operating system (iOS, Android, Windows) and then host them on their cloud of choice. When Xamarin, founded by Friedman, was getting its start in 2011, Microsoft was still considered an adversary by most open-source developers.

But no longer: Microsoft has begun to embrace open source as never before, and it bought Xamarin for a reported $400 million to $500 million in February. Xamarin’s new mission is to encourage developers to use Microsoft’s cloud instead of competitors‘ as the company works to grow its cloud business.

47. Chris Cox

47. Chris Cox

Stephen Lam/Reuters

Chief product officer, Facebook

The past year for Facebook has been all about video, and Cox is the man in charge of its product vision. The longtime Facebooker has led the full-blown charge into making video one of the top priorities both in your News Feed and for the company.

But his job isn’t all video. Cox is also behind the changes to the „Like“ button and also the new emoji reactions — don’t call them a „dislike button“ — that the company has seen this year. In June, Cox introduced more changes to the News Feed, including prioritizing friends‘ posts over those of publishers. Basically, whatever you see on Facebook is a result of Cox’s leadership over everything product at the social network.

46. Brian McClendon

46. Brian McClendon

Brian McClendon/Twitter

VP of advanced technologies, Uber

When Google announced its plans to create self-driving cars and a service to go with them, Uber turned to the former Google exec to head efforts against its automatic-car rival. Google Ventures (now known as GV) invested roughly $250 million in Uber in 2013, but the two companies‘ expanding ambitions mean they are increasingly eyeing each other’s turf. McClendon isn’t the only one who left Google for Uber: A LinkedIn search reveals that more than 300 Xooglers, or former Google employees, now work at Uber.

45. Chris Dixon

45. Chris Dixon

Noam Galai/Getty Images

Partner, Andreessen Horowitz

Dixon’s wheelhouse in venture capital is the crazy brainiac ideas that might just be our future. Dixon led the firm’s recent investment in the self-driving car and AI startup Comma.ai. The venture capitalist has also invested in moonshots like Nootrobox, which manufactures purportedly brain-assisting add-ons called nootropics, and Dispatch, which is building a fleet of self-driving delivery vehicles. Plus, he is a staunch supporter of the products made by the companies he invests in: He drinks Soylent and eats nootropics pills daily.

44. Garrett Camp

44. Garrett Camp

Flickr/Joi

Cofounder, Ubercofounder, StumbleUponfounder, Expa

Though he has shifted his focus to other projects, Camp is a multibillionaire thanks to his stake in the ubiquitous ride-hailing service Uber; his net worth is now at $6.2 billion.

This year, Camp launched the startup incubator Expa Labs, which has raised $100 million and will focus on providing a more hands-on experience to smaller cohorts of budding tech companies. Last August, he also bought back a controlling stake in StumbleUpon, the content-discovery website he cofounded as a graduate student in 2001 that learns what users like and recommends related sites to them.

43. Peter Szulczewski

Cofounder and CEO, Wish

Szulczewski has big plans for his e-commerce company. In 2015 he reportedly rejected multibillion-dollar acquisition inquiries from Amazon and Alibaba, and he projects Wish to sell $2 billion worth of goods this year. The company, which sells directly from merchants to consumers, spends big bucks on advertising, including an annual $100 million on Facebook ad space. Now people are wondering whether Wish could be the next Walmart of the online era. 

42. Jimmy Iovine and Eddy Cue

42. Jimmy Iovine and Eddy Cue

Angela Weiss/Getty Images

Cofounder, Beats Electronics; senior VP of internet software and services, Apple

Watch out, Spotify: Apple’s coming for you. After launching last June, with Apple executives Iovine and Cue leading the charge, Apple Music garnered 6.5 million paid subscribers in the first month after the free-trial period ended. A year later, that number had grown to 15 million paid subscribers.

Though the service still has a ways to go to catch up with Spotify’s 30 million paid subscribers, the rapid growth bodes well for the tech company. Apple launched the service as a direct challenge to Spotify’s prominence in streaming, and so far it is putting forth a good fight.

41. Ev Williams

Cofounder and CEO, Medium; founder, Obvious Ventures

Medium — the blogging platform used by tens of millions of people from budding writers to Valley mainstays to President Barack Obama — spent the year carving out some impressive real estate in the publishing sphere. This spring, the company created by Twitter cofounder and former CEO Ev Williams announced a $50 million round of funding, which followed a $57 million round in September.

In a post about the funding, the round’s leading investor, Spark Capital, wrote that the „publishing tool, network, and ecosystem“ was „solely focused on being the best place to read and write interesting stuff.“

40. Andrew Dreskin

Cofounder and CEO, Ticketfly

Pandora acquired the ticketing company Ticketfly for $450 million last year. Though Ticketfly is small compared with the ticketing giant Ticketmaster, the company is known for handling ticket sales for performances at smaller venues and the marketing and analytics for the venues it serves. Pandora plans to use the recent acquisition to build „the most effective marketplace for connecting music makers and fans.“

39. George Hotz

Founder, Comma.ai

Hotz is best known for his previous life as a hacker — he cracked the original iPhone in 2007 when he was 17, and he went on to break into the PlayStation 3 in 2010. Since then he has built a self-driving car from the comfort of his own garage and created Comma.ai — a kit that lets customers turn „dumb“ cars into self-driving versions — based on that technology. It caught the attention of Andreessen Horowitz, which invested $3 million in the startup.

38. Adam Bain

38. Adam Bain

Handout/Getty Images

Chief operating officer, Twitter

Before he became Twitter’s COO, Bain was on the short list to be the company’s CEO. The past year has seen stalling user growth and disappointing financial performance (Twitter stock hit an all-time low in May), but Bain has kept the money machine pumping against all odds.

37. Greg Clark

37. Greg Clark

Courtesy of Blue Coat

CEO, Symantec

Blue Coat, a security systems company, was on track to become the largest initial public offering in tech this year after the IPO market all but dried up. The company stopped short of going public, however, when Symantec offered to purchase it for about $4.65 billion in cash. Clark, the CEO at Blue Coat, then became Symantec’s CEO.

36. Orion Hindawi

36. Orion Hindawi

Courtesy of Tanium

Cofounder and CEO, Tanium

Hindawi attributes Tanium’s success to its focus on building a quality product before fixating on growth. Now the hot security startup claims to be cash-flow positive and growing at more than 250% a year. After raising $52 million, the company raised another $120 million a mere five months later. In that time, Tanium’s valuation doubled to $3.5 billion. The most impressive part? The company spends no money on sales and marketing, but rather it gets all its customers through word of mouth in the IT community.

35. Mike Cagney, Dan Macklin, Ian Brady, James Finnigan

35. Mike Cagney, Dan Macklin, Ian Brady, James Finnigan

SoFi ; LinkedIn

Cofounders, SoFi

The lending and wealth-management startup SoFi received a $1 billion funding round led by SoftBank last year that was the biggest financing round ever in the fintech industry. Since then, Cagney has been pursuing a $30 billion valuation and building up SoFi as a competitor with brick-and-mortar banks and online lending services. He also told Business Insider that the startup was considering an expansion into the world of life insurance.

34. Sheryl Sandberg

34. Sheryl Sandberg

Allison Shelley/Getty Images

Chief operating officer, Facebook

As UC Berkeley’s graduation speaker, Sandberg delivered a moving address about the death of her husband, Dave Goldberg, in May 2015. Her comments about resilience in the face of loss show that she is a force to be reckoned with, professionally and otherwise. For the past year, she has been a single parent to her two children while still leading Facebook as its chief operating officer. Outside that, she also backs Globality, a startup with the mission to advance the global economy by allowing more businesses to export products. Still, she says, „being a mother is the most important — and most humbling — job I’ve ever had.“

33. Patrick and John Collison

Cofounders, Stripe

There’s no slowing down the mobile-payment company Stripe. In July 2015 it received funding from a group of investors that included Visa and American Express. The $100 million round brought Stripe’s valuation to $5 billion.

Stripe also launched two new products: Relay allows businesses to sell products on other apps, and Atlas helps international companies start businesses in the US. In March, Collison was among a group of American business leaders who joined President Barack Obama on a trip to Cuba, one of the countries Stripe launched in this year, to try to bridge the gap between the two countries.

32. Diane Bryant

32. Diane Bryant

Intel

Senior VP and general manager, Data Center Group, Intel

In the midst of a declining PC market, Bryant keeps Intel alive as head of the company’s most profitable and fastest-growing unit, its Data Center Group. The unit creates chips that power internet services like autonomous cars, smart grids, and drones, and last year it generated $16 billion in revenue, or about 30% of Intel’s total sales. The company’s new focus on the Internet of Things puts Bryant at the forefront of Intel’s potential for innovation.

31. Keith Block

Chief operating officer, Salesforce

Salesforce CEO Marc Benioff loves what former Oracle sales star Block is doing for the company’s enterprise sales, so much so that he bought the COO a $41,000 watch. Block signed a record number of deals last quarter — 600 for at least $1 million each — and he secured a nine-figure contract with an unnamed company he described as „one of the world’s most respected companies.“ In May, Salesforce announced that the US Department of Health and Human Services signed a $100 million „blanket“ contract with Salesforce that also included a whopping $503 million budget just for related consulting services.

30. Rob Mee

30. Rob Mee

Pivotal

CEO, Pivotal

Pivotal recently caught the attention of Ford, which led to a $253 million investment round for the software-building and consulting startup that counts BMW, Twitter, and Best Buy as customers. Microsoft also participated in the round, which was Mee’s first as the newly appointed CEO. Together, Pivotal and Microsoft create an industry stronghold: They share 100 customers in the Fortune 500. Partnerships with Microsoft, Amazon, and Google’s cloud computing services make Pivotal an easy-to-use service, even for legacy companies like Home Depot.

29. Regina Dugan

29. Regina Dugan

Facebook

Head of Building 8, Facebook

This year, Dugan left her position as head of Google’s Advanced Technology and Projects Group for Facebook, where she was hired to spearhead the company’s new Building 8 initiative. The social network tasked Dugan and her team with creating hardware that will expand its product development efforts. It will be interesting to see where Dugan, who advocates rapid prototyping, takes Building 8.

28. Nathan Blecharczyk, Brian Chesky, Joe Gebbia

Cofounders, Airbnb

Airbnb became one of the most valuable startups in the world in December after securing a massive $1.5 billion funding round, raising its valuation to $25.5 billion. But that’s not enough for the billionaire founders‘ ambitious international expansion plan; they are now seeking a new round of funding that would raise Airbnb’s valuation to $30 billion, triple what it was just two years ago. The room-renting company has listings in 191 countries and projects that 129 million nights will be booked by year’s end.

There is just one thing stopping Airbnb from further growth: government roadblocks. In early June, for instance, the city of San Francisco backed Airbnb into a corner, requiring that the company list only properties that are registered with the city. Airbnb has sued the city to protect its renters who rely on their Airbnb income.

27. David Sacks

CEO, Zenefits

After launching in 2013, the insurance startup Zenefits grew to 1,600 employees in two years. Soon after, Zenefits fell off track for its $100 million sales target, intracompany communication spiraled out of control, and its sales licensing procedures came under question. CEO Parker Conrad suddenly left, and Sacks, the COO, took over the top spot. He has made rapid and decisive changes to get the company back on track, including cutting jobs, asking employees who weren’t committed to take a buyout, and cutting the value of the company by more than $2 billion as part of a deal with investors to avoid lawsuits.

26. Chuck Robbins

26. Chuck Robbins

Cisco

CEO, Cisco

Upon his appointment as CEO, Robbins reorganized Cisco’s leadership and restructured its engineering unit in a move to build closer relationships with the company’s legendary lead engineers, who used to report to John Chambers, now the executive chairman. Robbins also brought in new hires to head the areas of Cisco he plans to focus and expand upon, like networking, cloud computing, security, and IOT and applications. As Microsoft challenges Cisco with its new networking software, it is as important as ever that Cisco’s engineers focus on the company’s own networking software, Nexus 9000.

25. Palmer Luckey and Brendan Iribe

25. Palmer Luckey and Brendan Iribe

Wikimedia Commons and Brian Ach/Getty

Cofounders, CEO (Iribe), Oculus VR

It’s finally here! Four years after launching and two years after the $2 billion acquisition by Facebook, Oculus finally unleashed the Oculus Rift, its long-awaited virtual reality headset, to eager customers.

The product comes with a steep $600 price tag, but that didn’t deter consumers from champing at the bit for it. Preorders opened in January and sold out almost immediately, leaving the company struggling to keep up. The headset also launched in retail stores this May, giving customers another chance to try to score one.

24. Chamath Palihapitiya

24. Chamath Palihapitiya

Owen Thomas, Business Insider

Founder, Social Capital

Outspoken Silicon Valley investor Palihapitiya didn’t tread lightly this year. He decried the gender gap in tech, shared which startups he thought were „mostly crap,“ and publicly criticized Apple CEO Tim Cook. Through his more than $1 billion investment fund Social Capital, Palihapitiya is righteous in his conviction that today’s generation has the opportunity to put „a massive dent in human suffering and make trillions of dollars in return.“

The company he is most excited to put his money behind? Amazon, which he thinks could be a $3 trillion behemoth a decade from now. „We think this is the most incredible company being built today in the world,“ he said at an investment conference in May. Also this spring, the multimillionaire and part-owner of the Golden State Warriors launched a hedge fund, the impact of which remains to be seen.

23. Bill Gurley

23. Bill Gurley

Steve Jennings/Getty Images

General partner, Benchmark Capital

The thriving tech industry of the past few years hasn’t been quite as fruitful in 2016, with startups struggling to procure funding and a notable lack of initial public offerings. But many investors ignored the choppy waters — until Gurley stepped in.

In April, the prominent Benchmark Capital venture capitalist released a seminal piece about the tech bubble on his personal blog, predicting the end of the unicorn boom and finally getting fellow VCs to take note of the slowdown. Even more recently, Gurley again warned against late-stage investments, reminding lenders that they are companies‘ last resorts — not exactly the best way to kick off a business relationship.

22. John Zimmer and Logan Green

22. John Zimmer and Logan Green

Stephen Lam/Reuters

Cofounders, Lyft

Lyft cofounders Green and Zimmer are looking toward the future of transportation after raising $1 billion in the company’s latest funding round in January, more than doubling its valuation to $5.5 billion from $2.5 billion in 2015.

The ride-hailing app announced in May that it was testing a service allowing passengers to schedule Lyft rides up to 24 hours in advance; the company’s chief rival, Uber, announced a similar service only a few weeks later. In January, Lyft signed a partnership with General Motors, along with a $500 million investment, that aims to pursue the development of self-driving cars.

21. Jeff Lawson

21. Jeff Lawson

Flickr/Twilio

Founder, CEO, and chairman, Twilio

When the cloud software company Twilio filed for an initial public offering, it broke Silicon Valley’s 2016 tech startup drought. Originally expected to be valued at $12 to $14 a share, it exceeded expectations by pricing at $15 a share and has been on a tear since. A developer favorite — Lawson says 700,000 developers have used the software to date — Twilio integrates communications systems into existing apps like Uber, Lyft, and Airbnb. The behind-the-scenes software cuts costs and boosts efficiency for big tech ventures, allowing them to expand faster than if they had to build communications technologies on their own.

20. Chris Sacca

20. Chris Sacca

Alison Buck/Getty

Founder, Lowercase Capital

Sacca, the founder of the Silicon Valley VC firm Lowercase Capital, became a billionaire thanks to his company’s 4% stake in Uber, which most recently clinched a valuation of nearly $68 billion. Sacca was also an early-stage investor in Twitter, Instagram, and Kickstarter, establishing a reputation for spotting the hottest startups before they become household names.

But alas, he can‘t spot them all. In an interview with Vanity Fair, Sacca revealed that he declined to invest in Snapchat — an app he now uses daily. The cowboy-shirt-wearing investor starred in a few episodes of the investing show „Shark Tank“ last season, where he frequently locked horns with fellow billionaire, show regular, and longtime friend Mark Cuban.

19. Stewart Butterfield

19. Stewart Butterfield

Kimberly White/Getty Images

Cofounder and CEO, Slack

People just can’t get enough of the workplace messaging app Slack. At the end of March, the three-year-old company had its largest round of funding to date. Slack raised $200 million, bringing its estimated value to $3.8 billion. It is one of the fastest-growing business apps of all time, and most of that growth is organic. The company has done some TV spots and billboard campaigns, but it mostly relies on growth through word of mouth. It hired its first sales chief only in May after years of scaling on its own.

18. Sam Altman

18. Sam Altman

Getty Images

Founding partner and president, Y Combinator

Since taking over as president of the startup accelerator Y Combinator in early 2014, Altman has transformed the incubator into a more robust company, adding a research lab and late-stage growth fund. Acceptance into Y Combinator, which is known for producing elite Silicon Valley companies like Dropbox and Airbnb, serves as a sure-fire entrance into the competitive startup world.

Under Altman’s leadership, the company committed $10 million to YC Research, a lab separate from YC‘s startup program focused on developing technology for the greater good that will eventually be available to anyone — free. Y Combinator also raised $700 million to further invest in select maturing startups it believes will succeed long term. 

Altman’s newest plan is to grow Y Combinator from 200 companies a year to 2,000, thanks to the YC Fellowship program.

17. Kyle Vogt

17. Kyle Vogt

Twitter

Founder and CEO, Cruise

As tech companies and traditional car manufacturers vie for prevalence in the auto space, it feels like a race to see who will build the first mainstream self-driving car. And Vogt might be onto something big. His startup, Cruise, is developing technology that can retroactively transform any car into an autonomous one. His idea is so huge, in fact, that Vogt sold the startup to General Motors for more than $1 billion in March, making him the automaker’s point person in Silicon Valley.  

16. Reed Hastings

16. Reed Hastings

Ethan Miller/Getty Images

Cofounder and CEO, Netflix

Netflix and its fearless leader Hastings have continued to dominate, impress, and delight this year. The ubiquitous entertainment-streaming service was one of the biggest risers in the tech industry in 2015 as evidenced by its 95-spot jump on this year’s Fortune 500 list. With a plan for aggressive global expansion in motion and more than 600 hours of original content being added to its library throughout this year, Netflix expects to burn through another $1 billion in cash in 2016 to carry its growth efforts.

Netflix reached 81 million subscribers in April, but analysts estimate that the company will lose about 480,000 subscribers this year because of gradual price hikes, which are still estimated to pull in about $520 million in extra revenue.

15. Diane Greene

15. Diane Greene

Google

Founder, Bebop; senior VP of cloud businesses, Google 

Since Google’s parent company, Alphabet, bought Bebop for $380 million last year, Greene has been making waves at the Silicon Valley giant. Eight months ago, she was appointed head of the company’s cloud efforts. She upended Google for Work, hiring sales and support personnel, creating a Global Alliance program, and building industry-specific units for clients. By collaborating with Google’s customers, Greene and her team leverage data and tools from Google and other companies, transforming the way the cloud is used.

14. Peter Thiel

14. Peter Thiel

Torch Communications

Partner, Founders Fund; chairman, Palantir; founder, Thiel Fellowship; investor

Love him or hate him, Thiel is a force to be reckoned with in Silicon Valley. In May, it came out that the billionaire VC was the secret benefactor funding Hulk Hogan’s sex-tape lawsuit against Gawker — apparently as revenge for Gawker’s coverage of Thiel in the past. The staunch libertarian and longtime Republican supporter is also serving as one of Donald Trump’s California delegates.

But beyond all the drama, Thiel remains one of tech’s savviest investors through his Founders Fund, and Palantir, the big-data company he cofounded, continues to grow. Recently, it offered to buy back stock from current employees at a higher share price than many investors value the company at — provided that the employees agree not to discuss Palantir with outsiders and media.

13. Meg Whitman

13. Meg Whitman

Andrew Burton/Getty Images

President and CEO of Hewlett Packard Enterprise; chairwoman of HP Inc.

After years of sliding profits, troublesome acquisitions, and thousands of layoffs, Whitman decided to take drastic measures help boost Hewlett Packard back to its former glory. So she split the IT giant into two leaner, more focused ventures. Hewlett Packard Enterprise took charge of selling hardware, such as servers, while HP Inc. remained in control of printers and PCs.

Then in May, Whitman divided the company even further, spinning off HPE’s business enterprise services and merging with Computer Sciences in hopes of — once again — becoming a serious competitor in the information technology space. In addition to overseeing the entire undertaking, Whitman serves as HPE’s CEO and is on the board of all three new companies.

12. Dan Schulman

12. Dan Schulman

Business Insider

President and CEO, PayPal

After a 13-year marriage, PayPal and eBay parted ways in 2015 to form two separate companies. Schulman has been CEO of the former ever since. Under Schulman, the PayPal-owned Venmo has become the year’s most dominant peer-to-peer payment app, with 173 million active users in 2015. In April he announced that the company had its best quarterly earnings ever, despite an ongoing Federal Trade Commission investigation of the operation on suspicion of possible „deceptive or unfair practices.“

11. Sundar Pichai

11. Sundar Pichai

Justin Sullivan/Getty Images

CEO, Google

After Google restructured last year and formed Alphabet to oversee its growing cache of companies, Pichai took the reins as CEO of the new standalone subsidiary Google, which includes the company’s search, YouTube, and Android businesses.

Pichai is focusing heavily on artificial intelligence, unveiling several new applications at the Google I/O event in May, including a messaging app that uses „messaging bots“ to draft responses for users to make messaging easier and faster. Pichai has become one of the highest-paid CEOs in the tech world, making over $100 million in 2015.

10. Brian Slingerland, Scott Dylla, and Daniel Reiner

10. Brian Slingerland, Scott Dylla, and Daniel Reiner

Stemcentrx

Cofounders, Stemcentrx

Previously a Goldman Sachs vice president and a senior scientist at OncoMed Pharmaceuticals, respectively, Slingerland and Dylla publicly launched Stemcentrx in September (after seven years in stealth mode) along with Reiner, a serial investor and former telecom executive. Their mission: to end cancer by targeting cancer-specific stem cells.

Less than a year later, the pharma giant AbbVie bought the biotech startup for $10.2 billion, when the company was valued at $5 billion, in one of the largest tech acquisitions ever. AbbVie showed special interest in Stemcentrx’s lung-cancer-fighting drug Rova-T, which could grow the company’s oncology business. AbbVie hopes to bring the drug to market by 2018.

9. David Marcus

9. David Marcus

Brian Ach/Getty Images

VP of messaging products, Facebook

It has been nearly two years since Marcus left his cushy job as president of PayPal to join the Facebook team as vice president of messaging products, a move he has called a „once-in-a-generation opportunity.“ Under his rule, Facebook’s Messenger has grown into a beast of its own, with 900 million monthly active users as of April.

This year Marcus built out Messenger’s AI capabilities to include Spotify song sharing, Uber and Lyft ride hailing, food ordering, and flight tracking. And with the recent unveiling of chat bots for businesses, Messenger aims to make sure you never have to deal with human customer service again.

8. Marc Benioff

8. Marc Benioff

Kimberly White/Getty Images

Cofounder and CEO, Salesforce

It might not be a shiny, consumer-facing product, but the cloud computing software company Salesforce is crushing it and remains one of the hottest tech companies in the world. Helmed by Benioff, the $50 billion business boasts a 22% compound annual growth rate and is expected to rake in more than $8 billion in revenue this year.

Benioff has become a model CEO not just for financial success but also for social involvement, standing up for gender equality, workplace diversity, and LGBT rights. He has openly criticized legislation that could be used to discriminate against LGBT workers and publicly pledged to guarantee equal pay for men and women.

7. Tim Cook

7. Tim Cook

Stephen Lam/Getty Images

CEO, Apple

In the past 12 months, Cook guided the tech giant through the launch of Apple Music, which garnered 6.5 million paid subscribers in the first month after the service’s free-trial period; released the Apple TV 4, which can run third-party apps and access Siri; and introduced the iPad Pro, the company’s largest tablet, boldly declaring the end of PCs with it.

Under Cook, Apple also recently invested $1 billion into Didi Chuxing, the Chinese ride-hailing service that is blowing Uber out of the water in China. The deal was Apple’s first major investment since it bought Beats Electronics in 2014.

6. Jack Dorsey

6. Jack Dorsey

Kimberly White/Getty Images

Cofounder and CEO, Twitter and Square

As CEO of both Square and Twitter, Dorsey has his fingerprints all over Silicon Valley. In November he took the mobile payment company Square public, opening at $9 a share, lower than the $11 to $13 originally proposed. Though some outlets called it a flop, many entrepreneurs would kill for the company’s $3 billion market capitalization and $1.3 billion in revenue.

And after returning to Twitter as interim CEO last July (and officially appointed CEO in October), Dorsey has spent the past year turning the struggling social network around by solidifying its mission and making product adjustments, including plans to incorporate more live video and crack down on the hateful abuse many users complain about.

5. Reid Hoffman and Jeff Weiner

5. Reid Hoffman and Jeff Weiner

Kimberly White/Getty Images ; Chip Somodevilla/Getty Images

Cofounder and executive chairman (Hoffman), CEO (Weiner), LinkedIn

In March, Weiner gave his $14 million stock bonus back to LinkedIn employees after the company’s stock tumbled 40% following the company’s tepid February earnings report. Weiner hoped the move would help reinvigorate employees and improve morale.

By June, the company’s stock-price woes had become moot. The tech world shook after Weiner and cofounder Hoffman oversaw the professional social network’s sale to Microsoft for a stunning $26.2 billion in cash. The deal marked Microsoft’s largest acquisition ever, with the software giant paying a 50% premium to close the deal. Microsoft CEO Satya Nadella plans to eventually sync LinkedIn’s network with Microsoft Office, ideally bolstering the overall user experience on both sides.

4. Elon Musk

4. Elon Musk

VCG/Getty Images

CEO, Tesla; CEO and CTO, SpaceX; chairman, Solar City

Musk continues to be one of the world’s most influential entrepreneurs — and preeminent multitaskers. Musk has his eyes set on dominating land and space through Tesla Motors and SpaceX, two of the hottest and most progressive companies of our generation. In April, Musk unveiled Tesla’s mass-market Model 3, racking up 375,000 preorders in one month. The company is reportedly struggling to meet demand.

In June, Musk made a highly criticized all-stock offer for Tesla to acquire the floundering solar-energy company SolarCity; Musk owns 22% of the company and serves as its chairman. And if that weren’t enough, he also envisioned a futuristic transporation system called the Hyperloop that would take people from LA to San Francisco in less than an hour. One company building a system based on that idea has now secured $80 million in series B financing in May and has begun testing its technology.

3. Travis Kalanick

3. Travis Kalanick

Uber

Cofounder and CEO, Uber

Worth $68 billion, the ride-hailing service Uber, helmed by Kalanick, holds steady in its place as the most valuable private tech company in the world. Under Kalanick’s leadership, the startup also raised the largest round of venture capital ever, bringing in $3.5 billion from Saudi Arabia’s Public Investment Fund in June.

Uber continues to expand and innovate, particularly through new services, such as UberEats, which brings meals to New York City customers, and UberRush, which helps businesses make deliveries. Kalanick leads the charge as Uber expands and conquers new markets, even as it faces fierce competition in China.

2. Larry Page

2. Larry Page

Justin Sullivan/Getty Images

Cofounder and CEO, Alphabet

Once just a search engine, Google has grown so tremendously that its cofounders felt it was time to restructure the company. In a letter last summer, Page announced the creation of Alphabet, a holding company that oversees Google and numerous other subsidiaries. As Alphabet’s CEO, Page can focus on acquiring new technologies, fostering „moonshot“ projects, and developing talent — his first move was promoting Google’s Sundar Pichai from senior vice president to CEO.

In June, Bloomberg Businessweek reported that Page had personally acquired two companies working on creating a flying car, an investment unaffiliated with Alphabet.

1. Mark Zuckerberg

1. Mark Zuckerberg

Steve Jennings/Getty Images

Cofounder and CEO, Facebook

It has been a big year for Zuckerberg. At Facebook’s annual F8 developers conference in April, he laid out a 10-year road map for Facebook, detailing short-term plans to ramp up video, search, and apps, such as Instagram and WhatsApp, in the next five years. The company’s long-term focus will include bigger projects like drones, artificial intelligence, and virtual reality.

Zuckerberg also became a dad last fall, prompting him to pledge to give away 99% of his $50 billion fortune throughout his lifetime. He will do so primarily through a new organization he cofounded with his wife, Priscilla Chan, called the Chan Zuckerberg Initiative, which is aimed at making long-term investments in causes and organizations that will improve health, education, and equality.

http://www.businessinsider.de/silicon-valley-100-2016-6?op=1

Where Machines Could Replace Humans…

…and where they can’t (yet).

Sector-Automation.pdf

Will robots eliminate human jobs? Experts at the McKinsey Global Institute have long argued that’s the wrong question to ask about automation and the future of work. The reason: it fails to recognize the fundamental distinction between “jobs” and “tasks.”

Most jobs involve performing a variety of different tasks. An occupation like “travel agent” might involve a host of skills that are easy for machines to match: knowledge of geography or an ability to understand airline and train schedules. But it also requires other, hard-to-automate talents such as intuiting customers’ hopes and dreams and selling an appropriate travel package.

McKinsey analysts argue that, over the next decade, robots will take over many tasks—perhaps even half of all the things humans now get paid to do. But they see few occupational categories in which robots are likely to take over entire jobs. McKinsey’s research suggests that in years to come, humans will collaborate more and more closely with machines but not get pushed out of the workplace entirely.

Using data from the U.S. Bureau of Labor Statistics and O*Net, MGI recently conducted a detailed analysis of more than 2,000 work activities for more than 800 occupations. Their goal: to assess the technical feasibility, using currently demonstrated technologies, of automating three groups of occupational activities: those that are highly susceptible, less susceptible, and least susceptible to automation. In a recent article in the McKinsey Quarterly, MGI’s Michael Chui, James Manyika, and Mehdi Miremadi described some of the conclusions of that analysis. The whole article is worth reading.

You can get a sense of MGI’s analysis of which occupational categories are most and least vulnerable to automation from the graphic below. It’s a matrix depicting eight types of occupations across 19 different economic sectors. For each job box, the wider the color bars, the larger the percentage of time on the job spent on activities that can be automated. Yellow, green, and blue color bars indicate tasks that are highly automatable, while orange and red bars indicate tasks that are hard to automate. The implication: look for jobs with the skinny red lines and steer clear of the ones with the fat blue bars.

 

http://bento.hult.edu/where-machines-could-replace-humans

Why Robots Are Our Friends

Clay Chandler interviews Mick Mountz about the future of Artificial Intelligence.

We’ve heard so much in the past year about technological change, the “Fourth Industrial Revolution,” and how everyone from Elon Musk to Steven Hawking is afraid of robots taking over the universe. What’s going on?

Society is trying to come to terms with the increasing pace of technological change and this exponential rise of new technologies, and put those concepts into understandable frameworks and metaphors. Calling what’s happening right now the Fourth Industrial Revolution brings to mind previous patterns of change and side effects—especially relating to jobs and employment.

Current discussions about robotics and artificial intelligence (AI) generally involve extrapolation of unchecked technology curves—which may be a relevant limit case, but is unlikely to be the probable outcome. These scenarios don’t often acknowledge how hard these complex technologies are to master, and the market and regulatory responses that impede and alter adoption trajectories.

What’s really new in all these discussions about robots and AI? Technological change has been a constant since the original Industrial Revolution. Don’t we always just adapt and move on?

The pace of change is quickening, but folks are also starting to see the convergence of hardware and software into seamless new solutions. At Kiva, we were the first material handling company to create the whole solution—a single integrated complex adaptive hardware and software system coordinating thousands of mobile robots in the storage, movement, and sortation of warehouse inventory in support of order fulfillment processes. This was an eye-opener for the industry, as the efficiency of these deployments would improve year-over-year via better software algorithms and optimizations, new hardware modifications, and changes to workflow processes. A second source of improvements, though, would stem from the “living, breathing” system adapting and tuning itself to better efficiencies. That is the fun and exciting part and the strangely interesting phenomenon that gives rise to these AI speculations. It should be noted, however, that those adaptive improvements were often an order of magnitude smaller than improvements conceived and developed by humans involving rigorously tested new features and algorithms deployed in software updates.

To generalize that observation—concerns around AI and robotics seemingly revolve around not understanding or knowing how these new complex adaptive hardware-software solutions will behave. The increased noise and discussion around the topic simply reflect the fact that we are finally starting to see more fielded examples of such systems. The Internet of Things (IoT) is the same old stuff (hardware) but now with improved, embedded, and connected software that turns this collection into a system capable of useful actions. My car now automatically closes the garage door as I leave the driveway (thanks to a software update earlier this year).

We keep hearing from pessimists about the idea that AI and robots are going to wipe out jobs, and optimists about how technology is going to make us all more productive. And yet neither of those things seems to have happened yet. U.S. unemployment is around 5% (of which probably half is “structural”). And for the past two decades, we haven’t seen any dramatic improvement in U.S. labor productivity. How come the impact of technology—whether positive or negative—doesn’t show up in the economic data?

Though I’m not an economist by any stretch, I would suggest that the impact of technology does show up in the data if you look in the right places. The price of oil was in the $20’s per barrel earlier this year—near the lowest inflation adjusted price ever. This was explained as an oversupply of oil, which I think reflects our technological progress in obtaining the oil that’s been there all along, together with demand-side efficiencies in cars, homes, mowers, and power plants that now use energy more efficiently as well.

When I was a kid growing up, I paid about 50¢ to fill my one-gallon gas can and mow three to four lawns for income ($3.51 during 1981 in 2015 dollars). Last summer I would have been paying about 34¢ inflation adjusted ($2.36 in 2015 dollars), and could probably mow five to six yards before needing a refill. My “mowing business” would be reporting better top and bottom lines today! Maybe corporate profits are where productivity ultimately shows up.

To make another point on productivity, we should be basing our metrics on the number of people employed, rather than unemployed as you simply can’t prove a negative. I suspect that the total output of the U.S. economy over the number of paid hours worked would show that we get more done each year per hour worked (though we probably need to take a fresh look at the GDP numerator too). At the same time, technology also provides a lot of new distractions; binge-watching shows because we can, Facebook, etc., can counterbalance productivity gains.

Is technology going to wipe out jobs? Or is it just going to change them? The McKinsey guys are always telling me not to confuse jobs with “tasks.” They argue you can probably automate half of all tasks, but not that many jobs. Does this sound true to you? And if so, what does it mean?

Jobs versus tasks is a decent framework for thinking about employment and automation. At Kiva, we automated the walking task that consumed about 70% of the pickers’ job time, but we didn’t automate the pickers’ job. When you look around the office environment, you see plenty of repetitive processes that are being automated to improve productivity, thus enabling the knowledgeable worker to focus on the more value-added tasks that actually drive the company forward.

On this point, I always joke that the blame goes all the way back to Gutenberg in 1440 AD, who put thousands of monks out of business when he invented the moveable type printing press, and thus transcribing the Bible and other important works page-by-page by hand was no longer necessary. We know those monks didn’t tweet their grievances, instead, they may have even thrown a party (maybe that’s when they began to focus on beer brewing). And ultimately, civilization benefited from the faster proliferation of printed knowledge.

The fact is that every single new technology, not just industrial waves, change the employment landscape. RF toll tags displaced human collectors standing in smoggy booths. The loom displaced the Luddites. The horseless carriage displaced the blacksmiths. Microsoft Word displaced the traditional secretary. Even the ranks of brave New York City bicycle messengers are more scarce now as email and electronic document signatures have taken over.

In today’s headlines, cab and truck drivers (monks) are high on the speculative list to be sidelined by automated self-driving vehicles (printing presses). While they probably won’t throw a party (after tweeting and litigating their grievances), a few decades from now we’ll all be scratching our heads about the time we used to allow humans to control multi-ton lethal projectiles by hand, in the same way it now seems incredulous that kids once had free range of the back seat without car seats or even seat belts.

Amazon’s experience with Kiva suggests that robots actually make the workplace better, and can make work more meaningful. Do you think that will be true in other settings as well?

Yes—when you automate the mundane portion of a task, the overall job becomes more interesting and meaningful. The human is asked to engage in higher order thinking, creative tasks, and problem solving. That’s true regardless of the setting.

What CAN’T robots do?

Never say never, but today’s robots can’t even pick a t-shirt from a clothing bin, let alone bubble wrap a wine goblet, or fold a pack slip into that sticky window on the outside of an e-commerce box. Those are mechanical tasks that will likely be tackled eventually, but even at that point, the bot will not be smart enough to determine whether a unit is damaged versus sellable, let alone understand the why of the situation.

If I’m a new business school graduate, what should I do to prepare myself for a career in this brave new world? How can anyone train for a job these days when the definition of what employers need seems to change so rapidly? How do I even think about what constitutes an actual “job”?

Don’t think about getting a “job”—think about creating change, moving the needle, pursuing a passion, or changing the game—and develop and use those skills that further those trajectories. Creativity, problem solving, convening, and motivating are skills that won’t be replaced by automation anytime soon.

What can business schools do to prepare students for the new workplace?

Most B schools have started emphasizing the importance of group projects involving teamwork as central to learning the people skills necessary for success in the new workplace. Then layer on some entrepreneurial challenges and context, and you’re moving in the right direction.

What does all this new technology mean for CEOs? How will it force them to think differently about their companies?

CEOs will be those individuals who understand these workforce and marketplace dynamics, and will create companies and solutions that ride these undercurrents as opposed to getting washed away by them. They will place greater importance on finding flexible, adaptable, creative human talent, and provide them with the productivity tools that allow them to automate the mundane and focus on the strategic priorities that grow the business.

Does the “fourth revolution” (if we want to call it that) favor big companies or small companies?

Without even researching the point, I’m going to say smaller companies always have the advantage when things shift or when transformations take place. Each industrial revolution was characterized by new little companies, individuals, and ideas that eventually became big companies and huge industries. Think of Ford competing with hundreds of existing auto startups in the early 1900’s and breaking down the auto patent pooling control of the largest incumbents of the day, or Edison and Tesla/Westinghouse bringing electricity out of tiny labs in an early standards war, or Fairchild Semiconductor becoming a startup that grew too big and too slow, and thus giving rise to “Fair-children” including Intel, AMD, and others resulting in Silicon Valley.

http://bento.hult.edu/why-robots-are-our-friends

Will Robots Steal My Job?

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It’s not as far-fetched as you think.

New graduates starting a business career have plenty of challenges: landing a job, finding a place to live, scrambling to make rent—all while trying to plot the next step in their career. Increasingly, it looks like they’ll need to add another worry to the list: competing with robots.

If that sounds like the premise of some screwball sci-fi movie (or reminds you of this Flight of the Conchords video), think again. Over the past several years, a growing chorus of experts, including economists, technologists, and management consultants, have begun warning of widespread job losses in coming decades as advances in artificial intelligence and automation enable machines to take on more and more complex tasks.

– Gartner, an information technology and research advisory firm, estimates a third of jobs will be replaced by software, robots, and smart machines by 2025.

– In a 2013 study, Oxford professors Carl Frey and Michael Osbourne found that machines could replace about 47 percent of our jobs over the next 20 years.

– The McKinsey Global Institute recently concluded that, just by implementing technologies that already exist, global businesses could automate 45 percent of the activities they now pay workers to perform.

Some experts are less gloomy. J.P. Gownder, an analyst with the Boston-based high tech research firm Forrester, estimates that new automation will cause a net loss of “only” 9 million U.S. jobs by 2025. Gownder argues that even as it wipes out some jobs, automation will create new ones, including some entirely new job categories we haven’t even thought of yet. Andrew Moore, dean of the School of Computer Science at Carnegie Mellon University and former head of robotics at Google, says he finds no evidence technology is stealing jobs.

But the list of pessimists includes an imposing roster of science and technology heavyweights. Physicist Stephen Hawking worries about “anthropogenic AI”—robots that might decide to kill us off. He told the BBC recently that AI and robots “could spell the end of the human race.” Elon Musk, head of Tesla and SpaceX, calls artificial intelligence humanity’s “biggest existential threat” and has donated millions to efforts seeking ways to keep AI from turning on its creators.

Steve Wozniak, co-founder of Apple, recently told the Australian Financial Review, “computers are going to take over from humans, no question,” adding, “the future is scary and very bad for people… Eventually computers will think faster than us and they’ll get rid of the slow humans to run companies more efficiently.”

“Eventually computers will think faster than us and they’ll get rid of the slow humans to run companies more efficiently.”

Even former U.S. Deputy Secretary of the Treasury Larry Summers, long an advocate of technology’s unalloyed benefits, has changed his view, writing: “Until a few years ago, I didn’t think this was a very complicated subject. The Luddites were wrong and the believers in technological progress were right. I’m not so completely certain now.”

Luddites, of course, were 19th century British textile workers who rose up in rebellion against labor-saving production techniques. As that reference implies, the debate about whether technology destroys jobs goes back centuries—and the doomsayers have always been proved wrong.

One of techno-optimists’ favorite examples is agriculture. Two centuries ago, more than 80 percent of the U.S. labor force worked on farms. Today, thanks to advances in mechanization, farmers account for less than 2 percent of the U.S. workforce and we have more food at lower prices than ever.

But Martin Ford, author of the recent book Rise of the Robots: Technology and the Threat of a Jobless Future, argues the technologies driving the current transformation of the economy are different. Improvements in agricultural methods, he points out, weren’t readily transferrable to other sectors of the economy. By contrast, today’s technologies make use of broad-based, general-purpose intelligence. Machines are animated by algorithms that enable them to adapt, to learn, to think.

These brainy new bots are part of a host of other technological changes so sweeping that organizers of this year’s World Economic Forum in Davos, Switzerland proclaimed the dawn of a “Fourth Industrial Revolution,” a brave new world in which “billions of people connected by mobile devices with unprecedented processing power, storage capacity and access to knowledge” are conjoined with “emerging technology breakthroughs in fields such as artificial intelligence, robotics, the Internet of Things, autonomous vehicles, 3-D printing, nanotechnology, biotechnology, materials science, energy storage, and quantum computing.”

In the Davos chronology, the First Industrial Revolution used water and steam to mechanize production; the Second used electric power to create mass production; and the Third used electronics and information and technology to automate production. And now, in the Fourth, we are experiencing a “fusion of technologies that is blurring the lines between the physical, digital, and biological spheres.”

An early milestone in the emergence of thinking machines was May 1997, when IBM’s Deep Blue supercomputer defeated Garry Kasparov, then the world chess champion. Then in 2011, IBM’s supercomputer, Watson, triumphed over Jeopardy superstars Ken Jennings and Brad Rutter.

A year later, Boston-based Rethink Robots rolled out Baxter, a friendly looking robot designed to work alongside humans on the factory floor. Baxter wasn’t a multi-million-dollar super-computer; it was built to human scale and priced at $25,000. Baxter doesn’t have to be programmed—it can learn from watching the movements of people, or by allowing humans to move its flexible arms—and can beat any human at the popular logic game Connect Four. Thanks to recent upgrades, Baxter’s grip is soft enough to cook an egg.

More and better Baxters are coming. Amazon already has thousands of robots sorting items in its fulfillment centers, and envisions replacing delivery workers with a fleet of aerial drones. As of February, there were more than 260,000 robots working in U.S. factories, according to the trade group Robotic Industries Association.

China, which last year became the world’s largest market for industrial robots, means to be at the vanguard of this revolution. Foxconn, China’s largest private employer and a primary supplier to Apple, announced this year that it had installed robots to eliminate 60,000 jobs in a single factory.

Factory jobs aren’t the only jobs at risk. Any kind of office work that involves repetitive tasks such as filling out reports or preparing spreadsheets can be easily replaced with software. Computers are certain to take over many tasks now performed by paralegals and lawyers, especially in big cases where the discovery process can involve millions of documents.

Factory jobs aren’t the only jobs at risk. Any kind of office work that involves repetitive tasks such as filling out reports or preparing spreadsheets can be easily replaced with software.

The Associated Press has shown that computers can generate error-free corporate earnings reports and cover certain types of sporting events. Watson is far more accurate than human doctors at diagnosing lung cancer. A significant share of tasks performed by what are currently high-paying occupations such as financial planners, physicians, and equities traders can be automated with existing technologies.

And will we really need so many taxi drivers when ride-hailing platforms like Uber and Lyft can be paired with self-driving cars piloted by Google, Amazon and Baidu?

What will be left? It isn’t clear. Optimists insist robots will free humans from drudgery and enable us to focus on the types of imaginative tasks in which humans excel. And of course companies will still need engineers to design, program, oversee, and maintain all those computers.

Ford and others fear that, while advances in technology may not eliminate human work completely, they are certain to polarize the labor market, creating higher demand for a smaller number of people with a limited set of professional and technical skills.

How to survive this transformation? The best advice we can offer is to be flexible, keep learning, and prepare for the way you work to change far more rapidly than anything experienced by previous generations.

http://bento.hult.edu/will-robots-steal-my-job/

Tech Trends to Watch

It’s not just about robots. These seven other technologies will transform the future of work.

Advances in robotics and artificial intelligence aren’t the only tech trends reshaping the future of work. Rather, they are among the most visible of a confluence of powerful overlapping developments that strengthen, reinforce, and accelerate each other. The combination of these forces has led analysts to speak of a new era in the evolution of the global economy. Below, a primer on seven other new technologies driving that transition:

 

Digitization

One of the most remarkable and durable predictions about the pace of technological change in the modern era is Moore’s Law, the observation that the number of transistors on an integrated circuit doubles approximately every one or two years. Moore’s Law gets its name from Gordon Moore, co-founder of Intel, who first articulated the idea in 1965. Initially, Moore projected the number of transistors packed onto a silicon wafer to double annually for another decade. In 1975, he revised his estimate to doubling every two years and guessed it might hold a decade longer. In fact, Moore’s rule of thumb has held true for more than five decades and is used to guide long-term planning throughout the industrialized world. The latest Intel processor contains about 1.75 billion transistors compared to half a million compared to 2,300 transistors on the first microchip Intel sold commercially back in 1971.

Many experts think the physics of metal oxide technology will make it impractical to shrink transistors after around 2020. But even at a slower rate, the implications of such extraordinary gains in our ability to process and store data are far-reaching. If the invention of the microchip was the key technological breakthrough that unleashed the “Third Industrial Revolution”—destroying jobs in a slew of sectors including media, retail, financial, and legal services—unrelenting exponential advances in computing power have facilitated other profound new technological developments that now define the Fourth Industrial Revolution.

 

The Internet of Things

Smaller, faster transistors have made it possible for us to embed sensors and actuators in almost every imaginable object—not just computers, but also machines, hand-held gadgets, home appliances, cars, roads, product packaging, clothing, even humans themselves. Advances in mobile and wireless technologies have made it possible for all those “things” to exchange data with each other creating, in effect, an “Internet of Things.” This network of digitally enabled things has grown at such a staggering pace that, in data terms, it dwarfs the Internet that we use to connect with each other. Cisco predicts that by 2020, the number of connected things will exceed 50 billion—the equivalent of six objects for every human on the planet.

The real significance of the Internet of Things lies not in the profusion of data-gathering sensors but in the fact that these sensors can be connected, and that we can evaluate and act on the data collected via this new digital infrastructure in real time no matter what source it comes from or form it assumes. Suddenly every aspect of our lives can be made “smart.”

 

Big Data

Being able to collect loads of data and knowing how to analyze and interpret it are very different propositions. Today, more data crosses the Internet every second than were stored in the entire Internet just 20 years ago. Large companies generate data in petabytes—a quadrillion bytes, or the equivalent of 20 million filing cabinets worth of text. Gartner, a technology consultancy, definesBig Data in terms of “three Vs”: volume, velocity, and variety.

As the Economist put it, “Today we have more information than ever. But the importance of all that information extends beyond simply being able to do more, or know more, than we already do. The quantitative shift leads to a qualitative shift. Having more data allows us to do new things that weren’t possible before. In other words: More is not just more. More is new. More is better. More is different.”

Big Data will not only provide valuable new insights into consumer behavior, but will also change the way we work in all sorts of ways. It could change the hiring process, for example, and many employers are already using sensors and software to monitor employee performance and, indeed, their every move. In theory, Big Data can also work the other way, enabling prospective employees to ferret out employers who treat their workers badly. But my guess, for what it’s worth, is that Big Data will help tilt the balance of power decisively in favor of companies at the expense of workers.

 

Cloud Computing

What we have come to call “the cloud” is made up of networks of data centers that deliver services over the Internet. Unlike stand-alone computers, whose performance depends on the speed of their processor chips, computers connected to the cloud can be made more powerful without changes to their hardware. TheEconomist has called the shift to the cloud “the biggest upheaval in the IT industry since smaller, networked machines dethroned mainframe computers in the early 1990s.”

This shift will only accelerate as Moore’s Law comes to an end. Firms will upgrade their own computers and servers less often and rely instead on continuous improvement of services by cloud providers.

The clear leader in cloud computing is Amazon, which launched a separate cloud business, Amazon Web Services, in 2006. Today AWS boasts more than a million customers and offers a myriad of different services including encryption, data storage and machine learning. Other players include Google, Microsoft, Alibaba, Baidu and Tencent. These firms look well-positioned to disrupt traditional sellers of hardware and software. For small businesses, meanwhile, being able to purchase computer power, storage capacity, and applications as needed from the cloud will help lower costs, boost efficiency, and make it easier to deliver results quickly.

 

Self-driving Vehicles

Google surprised everyone with its 2010 announcement that it had developed a fleet of seven “self-piloting” Toyota Prius Hybrids capable of navigating public roadways and sensing and reacting to changes in the environment around it. Today, the idea of “autonomous vehicles” no longer feels like sci-fi fantasy. Audi, BMW, GM, Nissan, Toyota, and Volvo have all announced plans to unveil autonomous vehicles by 2020. Some experts estimate that by that year there could be as many as 10 million self-driving vehicles on the road.

The death of a Tesla driver using “autopilot” technology this past May marked the first fatality for self-driving cars and has raised questions about the safety of autonomous vehicles and, at the very least, highlighted the need for a new legal framework to sort out questions of liability. Still, governments have strong incentives to encourage the adoption of self-driving vehicles because of their potential to ease urban congestion and drastically reduce public speeding on roads, highways, and parking places. KPMG predicts all the technological and regulatory components necessary for widespread adoption of autonomous vehicles could fall into place as early as 2025. The employment implications of that shift are huge: according to data from the U.S. Census Bureau, truck, delivery, or tractor driver is the most common occupational category in 29 of the 50 American states.

 

 The Platform Economy

The widespread use of autonomous vehicles will have an even greater impact when paired with services like Uber and Lyft, which create online platforms for independent workers to contract out specific services to individual customers. KPMG estimates that combining autonomous vehicles in Uber or Lyft-like arrangements could reduce the number of cars in operation by as much as 90 percent.

The power of online marketplaces is not limited to the transportation sector. Online task brokers like TaskRabbit, Fivver, USource, and Amazon’s Mechanical Turk have given rise to a new model of work that has been called the “gig economy,” the “platform economy,” or “sharing economy.” Such platforms create a new marketplace for work by unbundling jobs into discrete tasks and connecting sellers directly with consumers. They make it possible to exchange not just services, but also assets and physical goods, as in the case of Airbnb, eBay, and Alibaba.

A recent study by the JPMorgan Chase Institute found that, as of September 2015, nearly 1 percent of U.S. adults earned income in via gig economy—up from just 0.1 percent of adults in 2012.

Many experts extol the virtues of the gig economy, pointing to the gig workers’ freedom to choose their hours and work from home. But these more flexible arrangements have a dark side. In many economies, particularly the U.S., employers shoulder the burden of providing health insurance, compensation for injury on the job, and retirement benefits. Freelancers have to take care of all those things on their own. While some highly talented stars will thrive as independent contractors, on balance, the gig economy, like advances in robotics, AI, and Big Data, gives employers the upper hand.

 

3D Printing

3D printing, sometimes called “additive manufacturing,” is often mentioned among the technologies that will change the way we work. Proponents predict that in the not-too-distant future, 3D printers will be able to manufacture everything from auto parts to shoes to human organs. Some think 3D printing will lead to wholesale “restoring” of manufacturing from low-wage economies like China back to advanced economies in the West, and might ultimately eliminate millions of manufacturing jobs.

But the range of products that can be produced cost-effectively with 3D printers remains relatively limited. 3D parts aren’t as strong as traditionally manufactured parts. Generally speaking you can only print in plastic, and the plastic required for 3D printing is expensive—meaning that it makes little sense to use the technology to produce large items on a mass scale. Programming and computer modeling necessary to print unique items is time-consuming and expensive. Count me among the skeptics. Still, even if the impact falls short of the rhetoric, 3D printing is another new technology that seems more likely to eliminate jobs than create new ones.

http://bento.hult.edu/other-tech-trends-to-watch