News 

Why the transportation sector needs data scientists

“While the future of IoT in the transportation sector is not 100 percent in the hands of data scientists, they will play a key role in its development” writes Nyc Data Science for venturebeat.com. A data scientist can make sure more employees in the company who need to use data can access analyzed data to improve efficiencies and eliminate redundancies internally.Furthermore, many data scientist roles help make data accessible to the entire team.To combat this, the transportation industry must undergo changes to accommodate increased global movement.Though the transportation sector has…

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Markets News 

The DeanBeat: Tencent leads China’s domination of the global games business

“Within games, Tencent is viewed as an operator with a shrewd understanding of the game business” writes Dean Takahashi for venturebeat.com. If you follow the $116 billion game business, you may know that China has become the world’s biggest game market, and that Tencent is the world’s biggest game company. Source: venturebeat.com Share This:

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Truck craze, tech stretch purse strings, auto loans

“Fiat Chrysler Automobiles NV’s Ram truck brand had the longest average auto loan terms in the auto industry last year, at 73 months, according to Experian” writes Gabrielle Coppola for autonews.com. Photo credit: BLOOMBERG Fiat Chrysler Automobiles NV’s Ram truck brand had the longest average auto loan terms in the auto industry last year, at 73 months, according to Experian.Much of the remainder was handled by banks and credit unions that tend to offer longer loan terms, she said. Source: autonews.com Share This:

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Former Overstock president predicts that cannabis will be as big as e-commerce

“But she predicts the cannabis industry is going to be just as big” writes Abigail Hess for cnbc.com. When she decided to leave e-commerce in order to take on the cannabis industry, Simon’s friends told her it was “career suicide.”. The legal cannabis industry, currently worth about $8 billion, is predicted to triple in size to $22.6 billion in total annual sales by 2021, and it’s catching the attention of powerful leaders around the world. Source: cnbc.com Share This:

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Alibaba buys Chinese chipmaker to aid internet of things business after ZTE ban

“E-commerce titan Alibaba Group Holding Ltd has bought a Chinese microchip maker to further its cloud-based “internet of things” (IoT) business, underscoring its commitment to the chip industry, an Alibaba spokeswoman said on Friday” writes unknown author for cnbc.com. Alibaba did not disclose the terms of the acquisition – the firm’s first involving a chipmaker.”The acquisition of Hangzhou C-SKY Microsystems, a leading Chinese supplier of embedded CPU cores, underlines our commitment to driving the development of the chip industry,” she said, referring to central processing units. The person did not…

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News Oil 

Asian oil demand to hit record, but industry can’t take eyes off Middle East

“Worries about “trade wars and fears that higher oil prices will start to weigh on demand growth … are overdone,” it said” reports businessinsider.com. Several traders said more such outages are due in May and June, likely reducing China’s crude imports in coming months.Suresh Sivanandam of energy consultancy Wood Mackenzie said he expected China’s overall oil demand to grow by 370,000 bpd this year to 12.78 million bpd.The record comes despite maintenance season, which usually dents imports at this time of year, and indicates that China’s oil requirement is bigger…

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End of Sorrell’s reign heralds change for big ad empires

“The tipping point has been reached,” said Farmer, who works with advertising agencies and major brands such as Ford and Kraft on strategy” reports businessinsider.com. Ad groups embark on their latest transformation without Sorrell, the godfather of the modern industry who quit after 33 years over an investigation into misconduct.The clear industry leader WPP employs 200,000 staff who offer advertising, branding, media buying, lobbying and data analytics via more than 400 separate companies. Source: businessinsider.com Share This:

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How Music Generated by Artificial Intelligence Is Reshaping — Not Destroying — The Industry

“There is an enduring fear in the music industry that artificial intelligence will replace the artists we love, and end creativity as we know it” writes Cherie Hu for billboard.com. Three of the 21 startups in the Techstars Music accelerator roster to date — Amper, Popgun and SecondBrain — have built their core product around AI-generated music.The coming wave of creative AI will serve as yet another litmus test for how much the music industry can tolerate — and compete with — a more functional, utilitarian music streaming ecosystem. Source: billboard.com…

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Scooter Braun on the Importance of Paying It Forward, His Upcoming Midem Keynote & Award

“Billboard spoke with Braun in advance of his Midem appearance about One Love, the state of the music industry and the importance of helping others” writes Leila Cobo for billboard.com. But, at this moment, I’d rather talk about the opportunity we have to help the world via our platform as the music industry.Do you think the music industry needs to be more active?. I think everyone’s expecting a conversation about the state of the industry and I’ll definitely talk about that. Source: billboard.com Share This:

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