E-commerce and social commercial are determining our society. It is because technology has laid a strong impact in almost every field and has weaved the entire world into a global network.

“The e-commerce industry is a force that no investor can afford to ignore.” (Cushla Sherlock)

Let’s understand the concept of e-commerce and social commercialism first.

E-Commerce and Social Commercialism

E-commerce incorporates online sales and purchase of goods and deals with transferring funds over an e-network, i.e., the internet. This e-transferring happens business to business or business to consumers, usually termed B2B and B2C using online platforms. E-commerce has revolutionized the marketing industry amazingly…

On-demand economy has become a hot topic over the past few years. Even if you’re unfamiliar with the term, chances are good that you’ve already encountered it (and even used it).

How? Think of any time you’ve used technology to gain access to a service. Amazon, Netflix, Uber, Uber Eats, PayPal, Venmo, Lyft, InstaBuggy, Airbnb, buying movie/plane/bus/what have you tickets online; you can find tens (if not hundreds) of examples just in the world around you.

Needless to say, this shift has revolutionized almost every aspect of our lives. Over the past 20 years or so, on-demand economy has created…

Contactless payment is referred to as the safest payment method compared to chip and PIN payments or cash transactions. During this pandemic, COVID-19 limits of contactless payment were raised in several banks. As COVID-19 disturbed many social activities and the online working increased, contactless payment gained massive popularity.

The Introduction of Contactless Payment

Contactless payment was the first experience in France in October 2005. The Erste Group launched an NFC-only debit card that was implemented in Austria in 2016. In 2016, it became broader with wearable technology devices and offered this payment feature.

Basic systems that are working for contactless payment are RFID or NFC…

One of our most serious flaws is our messed-up commercial food system. It’s fossil-fueled, poisonous, monoculture, and centralized, which makes it unsafe. The true cost of inexpensive food is quite expensive for both humans and the environment.

“Take care of your body; it’s the only place you have to live.” (Jim Rohn)

You must be extra conscious about your body’s health, as it matters the most. Locavore is locally grown food. And it is the best suitable food for your body to keep it healthy and fit. Hence, no compromise on your body. Your body is the home where you…

Art is subjective — it is one of these topics which unites and divides humans at the same time. Besides its view, smell, or sound the art’s physical existence is one of the key points of discussion. What value does digital art provide? This is extremely hard to answer per se, and the following investment story tries to investigate the value that digital art can provide. Value is measured in form of monetization as money has always been a good indicator of what people see as value for products or services they seek for.

Crypto Tulipa

Crypto Tulipa are digital collectibles of…

Autonomous driving is currently receiving tremendous attention due to the competition in reaching level 4 vehicles with high automation. The main challenges for self-driving are 3d map construction, self-localization, and interpreting the surroundings. Still, the availability of large datasets is the biggest bottleneck for developing robust prediction models.

Open Source Data Platforms

It can be hard to find datasets that are suitable for the domain of application. The following lists shows are a collection of platforms that provide search functionality to find suited datasets for general purposes:

  • Google Dataset Search Engine (Link): The search engine indexes machine learning datasets that are available on the…

Machine learning, a form of artificial intelligence, teaches computer systems to learn and improve based on past experiences. Tasks are automated in a similar way to how humans would complete them as machine learning reveals patterns and rules out of gathered data. Machine learning allows companies to transform their business by leveraging customer services like offerings, advertisement, and other previously manually conducted tasks of their daily business. The use cases can be extended to multiple industries and levels of detail. Current endeavors focus on complex and critical tasks as autonomous driving, disease detection, and disaster predictions.

Machine learning algorithms are…

Open source technology is at the core of the digital disruption to offer companies a robust, secure but cost-effective IT infrastructure. Enterprises use various software solutions which integration and maintenance are a big huddle due to complex and time-consuming adaptions. Open source provides fast adaption and controlled upgrades. Traditionally, open source can be dated back to the 1950s when software development was a side product of hardware that gave big business back in these days. In the 1990s and the early 2000s, open source arose with developers working across enterprises to create open software being accessible to the public. Open…

How to Build your Entrepreneurial Identity

Entrepreneurship is received as a set of mindsets and habits an entrepreneur is developing and performing rather than single characteristics that uniquely identify someone as an entrepreneur. Still, some characteristics indicate the degree of entrepreneurial thinking which depends on your identity and development of self-awareness.

According to Maslow’s hierarchy of needs (Link), self-esteem is the second-highest need for self-actualization. Respect, status, recognition, and strength are characteristics entrepreneurs are seeking and they identify themselves as being valued for these.

Private Identity vs. Public Identity vs. Entrepreneurial Identity

As mentioned above, personal development affects entrepreneurial thinking. From a psychological point of view, our identity is comprised of two identities —…

Open business ecosystems — a new digital business model

The digital transformation drives organizations into extending their business to greater ecosystems — but what is the reason for this evolvement? A business ecosystem is key to meet the fast-growing competition that the globalization and digitization yields and enables organizations to exist in an era of digital, fast-changing business models. Examples of successful business ecosystems can be found from time to time and are very diverse. Take for example the joint venture that Daimler and BMW started in 2019 to explore the mobility services and technology of the future. Both car manufacturers want to profit from the joint venture by…

Marcel Boer

Enthusiast & Innovator | Keen to conceptualize, implement and test innovative business models

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