In an ever-changing business environment, companies not only are competing to acquire a substantial market share but also are involved in securing a competitive advantage. However, the old philosophy of maintaining lead is more difficult than reaching the top significantly applies here. Companies, these days secure competitive advantage but fail to transform it into a sustainable competitive advantage . Now what actually is a sustainable competitive advantage and how it differs from a temporary competitive advantage? The terms, themselves, are self-explanatory where temporary competitive advantage doesn’t last long and is imitable whereas sustainable competitive advantage lasts longer and establishes the unique position of the companies in the market. Such a unique position of companies correlates with the struggle for acquiring unique resources and such unique resources of the current era are certainly the Internet of Things (IoT)! But can technologies replace humans? More ...
Forgetting things is the most common issue that we face during our lives where an average human forgets 40% of what he has learned in the first 20 minutes and 77% of that in 6 days. What if we come up with a solution that not only allows us to upload memories but also stores them as a backup and retrieves them whenever we want? Such a statement seems like the wishful thinking of an average human being but artificial intelligence goes several steps ahead from not only specializing in memory loss but also spinal cord injuries, brain damage, blindness, and overcoming cognitive disabilities in a population that makes up 10% of only the United States. Back in 2016, Elon Musk envisioned Neuralink which designs an implantable device into the brain made up of thin fibers carrying electrodes ensuring communication between different parts of the body. Musk defines it “like a Fitbit in your skull.” However, there are ever-increasing concerns of singularity revolving ...