Category Archives: Sharing economy

22 January 2023
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Sharing economy, Software

The Environmental Impact of Computational Science

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Source: Kingston Technology https://www.kingston.com/pl/blog/servers-and-data-centers/4-things-data-centers-can-learn-from-hpc

Computational science has revolutionized the way we understand and interact with the world around us. From simulating weather patterns to modeling the behavior of subatomic particles, computational methods have enabled scientists to make breakthroughs that would have been impossible just a few decades ago. However, as our reliance on computational methods has grown, so too has the carbon footprint of this field.

According to a recent study published in the journal Nature Climate Change, the carbon footprint of computational science is much larger than previously thought. The study estimates that the energy consumption of high-performance computing (HPC) centers, which are used to run large-scale simulations and analyses, is equivalent to that of a small country. In fact, the study estimates that the carbon footprint of HPC centers is larger than that of the entire aviation industry.

The reason for this large carbon footprint is the enormous amount of energy required to power and cool the thousands of computer processors and storage devices that make up HPC centers. These machines use a tremendous amount of electricity to run, and even more to cool, which generates significant amounts of greenhouse gases.

The study’s authors also point out that the carbon footprint of computational science is likely to grow in the future as the demand for HPC services increases. This is due in part to the growing amount of data that scientists need to process and analyze, as well as the increasing complexity of simulations and models.

Loïc Lannelongue, the author of the study was curious about the environmental impact of his own research. Together with Jason Grealey from the University of Melbourne, they decided to look further into ways of calculating the carbon footprint of HPC centers. They expected to find an already established carbon footprint calculator online. Which to their surprise, they did not. It lead them to believe that the environmental impact of HPC centers is a phenomon that many scholars aren’t aware of or are not taking into consideration when utilizing HPC centers for their work.

Source: Texas Advanced Computing Center https://cen.acs.org/physical-chemistry/computational-chemistry/Computational-scientists-look-lessons-learned/99/i28

Inspired to fill this gap in the scientific community, Lannelongue created Green Algorithms. A website that encourages other researchers to be mindful of the carbon footprint of computational science by imparting knowledge on how to reduce your impact while also providing a high performance computing carbon footprint calculator for anyone to access. Lannelongue doesn’t hope to stop researchers from using HPC centers, but instead to be more mindful of their impact. For which the calculator is a perfect tool for.

While the carbon footprint of computational science may seem daunting, on the green algorithms website Lannelongue provides steps that can be taken to reduce it. One approach is to make HPC centers more energy efficient by using more efficient processors and storage devices, as well as by using more efficient cooling systems. Additionally, scientists can also reduce their carbon footprint by using cloud-based HPC services, which allow them to access large amounts of computing power without the need to build and maintain their own HPC centers.

Another approach is to use distributed computing methods, which allow scientists to tap into the computing power of thousands of individual computers, rather than relying on a single HPC center. This can significantly reduce the energy consumption and carbon footprint of computational science.

In conclusion, computational science plays a vital role in advancing our understanding of the world around us, but it also has a significant carbon footprint. It is important for scientists, policymakers, and other stakeholders to be aware of this footprint and to take steps to reduce it. By making HPC centers more energy efficient, using cloud-based HPC services, and using distributed computing methods, we can continue to make breakthroughs in science while also reducing our impact on the environment.

Bibliography:

Brierley, Craig. “Big data’s hidden cost: The carbon footprint of computational science.” TechXplore. Published January 20, 2023. https://techxplore.com/news/2023-01-big-hidden-carbon-footprint-science.html

Green Algorithms. “Carbon Footprint Calculator”. Green Algorithms Accessed January 22, 2023. https://www.green-algorithms.org/

Lannelongue, Loïc. “Carbon footprint, the (not so) hidden cost of high performance computing.” BCS. Published October 14, 2021. https://www.bcs.org/articles-opinion-and-research/carbon-footprint-the-not-so-hidden-cost-of-high-performance-computing/

11 January 2023
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Sharing economy

Is home swapping better than standard platforms from home-sharing industry?

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Home swapping was first introduced by a company named “Love Home Swap” founded in 2011, it has already around 0.5 milion members all around the globe in around 150 countries. Love Home Swap is a home exchange platform that allows to swap accommodations between users for vacation. To a certain extent it is similar to other home-sharing platforms such as Airbnb or Booking.com, however, you don’t rent homes but swap them with other members. I first heard about this option couple of months ago and I was surprised, so I wanted to seek further information about this topic and that’s what `I’ll do in this blog.

Let’s start with explaining the details of how it actually works. First you’ll need to sign up and you will get 2 weeks of free trial. After that period if you like it, you can pick from 3 different subscription plans: Lite (9€/month), Standard (11€/month), Platinum (13€/month). Then you can create a listing for your home and search for homes that you would like to stay in. Once you make a match with an other member of this platform, you can arrange the agreement for the swap. This includes choosing dates of the exchange, regulations, eventual surcharge and other details. When all of that is done you can book flights and enjoy your vacation.

First positive aspect of such solution is the cost saving. Instead of renting an apartment, home or other accommodations you can just swap places with other members. This method can save you hundreds and thousands of dollars on your holidays.

Furthermore, it has other benefits like, for instance, you can often find a place that is more spacious and comfortable than a traditional hotel room. Additionally, because users are staying in someone else’s home, they can get a more authentic and local travel experience, as well as the opportunity to live like a local in another city or country. A lot of people while traveling want to get to know the culture of the country in this way you can experience it to the fullest.

On the other hand, Love Home Swap does not have as many members as other platforms from home-sharing industry. This can make it more difficult for users to find a home exchange that fits their specific needs and preferences. Also it requires a subscription fee, on the contrary to other platforms.

Another negative aspect is the difficulty of coordinating of dates for the swap or the lack of protection and instant support from the platform. Airbnb, for example, have a host guarantee and host protection insurance. Thus, this means that if something is broken during the stay, Love Home Swap will not provide financial protection and everything depends on you and what do you agree in the swap arrangement. This can be a big risk because you don’t know people that you let to stay at your home.

In conclusion, Love Home Swap is a home exchange platform that offers many benefits such as cost savings and flexibility. However, there are also downsides to using the platform, such as it may not have as many members as some of the other home exchange platforms, coordinating dates with other members can become difficult and it also requires a subscription fee. Additionally, it does not offer the same level of protection and support as other home-sharing platforms, so members should be more aware of their own insurance.

In my opinion, it’s a great solution for cheap vacations, however, you need to be comfortable with letting “strangers” live in your home. It certainly bring risk of typical renting damage but it has less assurance than other platforms in this case. That is a big disadvantage for me and I will maybe consider such an option in the future but now I will stick to standard house-sharing platforms.

Thank you for you’re attention, feel free to share your thoughts in the comment section.

Sources:

https://www.lovehomeswap.com

https://www.businessinsider.com/what-its-like-to-swap-homes-with-love-home-swap-2015-5?IR=T

https://www.youtube.com/@Lovehomeswap

Is home swapping the future of vacations?
23 December 2022
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Business, Devices, Sharing economy

Drone Transplant Delivery in Mass Just Around The Corner

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Source: Getty Images

Drones have revolutionized the way we think about transportation and delivery systems. These unmanned aerial vehicles (UAVs) have the ability to fly over traffic and other obstacles, making them an efficient and cost-effective option for delivering goods. In recent years, drones have even been used to deliver life-saving transplants to patients in need.

One of the main advantages of using drones to deliver transplants is the speed at which they can travel. In emergency situations, every minute counts and traditional modes of transportation can be slowed down by traffic and other delays. Drones, on the other hand, can bypass these obstacles and reach their destination quickly and efficiently.

Another advantage of using drones to deliver transplants is their ability to reach remote or hard-to-access locations. Many transplant recipients live in rural areas or areas that are difficult to reach by car or ambulance. Drones can fly over these obstacles and deliver the transplant to the patient in a timely manner.

Source: University of Maryland Medical School

There are also cost benefits to using drones to deliver transplants. Traditional methods of transportation, such as ambulances and helicopters, can be expensive and may not always be available. Drones, on the other hand, can be deployed quickly and at a lower cost.

Despite the many benefits of using drones to deliver transplants, there are also some challenges that need to be addressed. One of the main challenges is ensuring the safety of the transplant during the delivery process. Transplants are often fragile and can be damaged during transit. To address this issue, some companies are developing specialized drones with temperature-controlled compartments and other features to ensure that the transplant stays safe and viable during the delivery process.

When it comes to that matter, a recent proof-of-concept flight organized by a team of researchers from Toronto General Hospital Research Institute, Techna, University Health Network and Unither Bioelectronics has displayed the feasibility of overcoming these challenges.

Source: Unither Bioelectronics, Bromont QC

The flight was taken by a Chinese made M600 Pro drone, a commercial device of a price of only 600$. The team exchanged some parts for ones that provide improved connectivity. While also attaching external apparatus like a parachute, lights, GPS trackers, cameras and a recovery system. Lastly they connected the transplant secure box on the bottom of the drone.

Then, after testing the drone 400 times they considered it ready for the real test. The drone was tasked with delivering a donated lung from Toronto Western Hospital to Toronto General Hospital. The two kilometer flight was a success and the organ was implanted into the patient in need.

However, there’s more challenges this innovation still faces. One of them are regulatory hurdles. While many countries have regulations in place for drones, there are still some legal and regulatory issues that need to be addressed before drones can be widely used to deliver transplants. For example, some countries have strict rules about drones flying over certain areas or at certain altitudes, which can make it difficult to use drones for transplant delivery.

Despite these challenges, the use of drones to deliver transplants is a promising area of research and development. In the future, it is likely that drones will play a larger role in the delivery of transplants and other medical supplies. As technology continues to advance and regulatory issues are addressed, we may see drones becoming a more common sight in our skies, delivering life-saving transplants to patients in need.

Bibliography:

Yirka, Bob. “Proof-of-concept drone flight delivers transplant lung to patient in Toronto.” Tech Xplore. Published December 22, 2022. https://techxplore.com/news/2022-12-proof-of-concept-drone-flight-transplant-lung.html

Sage, T. Andrew et al. “Testing the delivery of human organ transportation with drones in the real world.” Science Robotics. Published December 21, 2022. https://www.science.org/doi/10.1126/scirobotics.adf5798#tab-contributors

Freeman, David. “A drone just flew a kidney to a transplant patient for the first time ever. It won’t be the last.” NBC News. Published May 3, 2019. https://www.nbcnews.com/mach/science/drone-just-flew-kidney-transplant-patient-first-time-ever-it-ncna1001396

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10 December 2022
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Apps, Bez kategorii, Business, Devices, Sharing economy

E-Scooter rental business from a former unicorn to the date of withdrawal

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https://upload.wikimedia.org/wikipedia/commons/0/04/Lime_Logos-wiki-01.svg
https://en.wikipedia.org/wiki/File:Bird_(company)_logo.svg

The E-scooter rental business

There are two e-Scooter rental marketplaces in the US for example Bird, which adapted Xiaomi’s e-Scooter, and Lime, which developed and produced an e-Scooter by itself, all of which are very convenient to use. It just download the application from the QR Code on the e-Scooter, complete the registration and start using it immediately. When you reach your destination, you can park right away. And then there will be people who want to use it to rent it to ride on their own.

The service fee is not as expensive as you think. Starting with a pocket-friendly price of $1, the next minute is 15 cents by credit card payment method. It costs about $3-5 per ride, which is cheaper than an Uber ride, moreover it gets an eco-friendly look. Bird is the founder of this startup, bringing e-scooters into San-Francisco. On the corner of the street Which in the beginning received such a good response that investors flocked to invest quickly Become the fastest growing unicorn in history and the e-Scooter was seen everywhere and expanded to other major cities in the United States such as New York, Los Angeles, Detroit , etc.

Why do people not like E-scooter business in the US?

The e-Scooter makes the cityscape look less beautiful than before. Because wherever you look, you will see only the e-Scooter fell down. In addition, some users refuse to park it well, but leave it on the ground, causing clutter to the sidewalk and cluttering others.

In addition, when it rains, the wet road e-Scooter crashes, the more it looks unusable and unattractive. Causing some people to be dissatisfied with the e-Scooter, kicking each other to fall, the more they fall, the more frustrated they become, and people they kick scooter going around in a circle.

When e-Scooters Make Cities look bad As a result, some people complained to the city for zoning. Make parking spots for more orderliness. Can’t park anywhere like at first sight.

Scooters were promoted under the veil of eco-friendly transportation. Their true origin is more insidious, and even dangerous. – Photo by Reddit
https://dailytargum.imgix.net/images/619bda44-ae7f-4526-9a82-0aa673dc2e7d.jpg?ar=16:9&auto=compress&crop=faces&fit=crop&fm=webp&width=1200

Is it a E-scooter fault or human behavior?

In addition to zoning, The city is trying to regulate e-scooters by limiting the number of e-scooters, with every registered e-scooter being offered for rent incurring an operating fee to help improve the visibility of the city.

When renting an e-Scooter isn’t as convenient as it used to be Combined with the anger that was already the original capital Causing many people to destroy the e-Scooter, including setting fire or throwing it into the river Becomes more polluting to the environment because the e-Scooter is considered an electronic device. with harmful substances in it, both the circuit board and the electric battery

In addition to the issue of destroying the e-Scooter that is the property of the company. Also followed by cases of physical abuse arising from e-Scooter as well, such as riding to hurt other people. and ride away despite not having a feud or having known each other before

From the many ensuing problems of renting e-Scooter, including city planning and property destruction and therefore, there is a current of criticism that all this happened is the fault of Is it more “e-Scooter rental company” or “Habit of people”?

Is it have any chance for this business?

Of course, running a business requires a profit. For example, the Bird e-Scooter from Xiaomi costs around $500, and it will require at least five rentals a day for five to six months to return on their e-Scooter.

Usually, these products should last around 1-2 years but according to the numbers that Bird has done, research has come out indicating that Average usage is about 3.5 times/day, which is slightly below target. May have to extend the expected payback period to 7-8 months instead but the lifespan of the e-Scooter is short, only 28 days, perhaps not due to negligent.

And another important reason is that e-Scooter is stolen and modified to become your own. For all these reasons, the service life that should be at least 1 year, but Xiaomi’s guarantee is only 28 days left.

Recently, e-scooter rental startup Bird announced it was “withdrawing its service in many cities”, with it canceling in three European countries: Germany, Sweden and Norway, as well as several cities in the US, Europe and the Middle East. So is it a problem of human habit or e-scooter comment down below.

Resource:

https://dailytargum.com/article/2020/09/ballaro-scooter-deal-sold-out-new-brunswick-again

https://edition.cnn.com/2019/08/30/tech/scooter-management/index.html

https://www.statista.com/outlook/mmo/shared-mobility/shared-rides/e-scooter-sharing/worldwide#revenue

https://en.wikipedia.org/wiki/Bird_(transportation_company)

https://en.wikipedia.org/wiki/Lime_(transportation_company)

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8 December 2022
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Apps, Business, Sharing economy, Software

Tesco Tinder – new service for reducing food waste

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According to world studies, about 30% of food is lost and thrown into the garbage during the production of food and after its purchase.  The world throws away 1.3 billion tons of food every year, and if there were no losses and spoilage of food products, it could feed 1.26 billion hungry people every year. The problem also has indirect consequences associated with climate change and environmental pollution, since the production of discarded food consumes resources: water and land.

That is why the question arises, how to stop such an empty and senseless release of resources in food sector?

The answer is that it is necessary to increase the number of recyclable software and use modern recycling technologies.  In the last decade, the circular economy has begun to move forward as a more appropriate economic model for reducing emissions. It is followed by ways of reusing food suitable for human consumption, reusing food as animal feed, processing the material into high value-added products, processing nutrients and restoring energy.

Many companies are already implementing technologies to minimize food waste, become more sustainable.

For instance, supermarket chain Tesco introduced online platform Tesco Exchange, which is also often called Tesco Tinder. The app is designed to help suppliers share excess products in order to reduce waste and production costs. The exchange was developed by the consulting firm Anthesis.

With the help of this app suppliers can advertise products, submit requests, and set alerts when needed products become available. Interestingly, the fields of application extend not only to food, but also to packaging. I think this is a big step towards a circularity in food sector. Overproduction and inadequate disposal, which humanity faces everywhere, are global environmental problems.

Sarah Bradbury, Chief Quality Officer at Tesco, says, “Waste for one supplier can be a valuable commodity for another.”  This statement is extremely meaningful to me.  From my perspective, exactly this way, people can share with each other and receive mutual benefits.  I believe this is the approach that humanity really lacks at present.

To conclude, I believe that in conditions of present time, with all the pressing environmental and climate problems, the food sector is simply obliged to move towards a more circular economy.  On the example of Tesco chain of stores, we see how with the help of advanced technologies and software we are able to use the resources in a more sensible way.

‘Tesco Tinder’ surplus marketplace will help suppliers slash costs and reduce waste

https://thisiszone.medium.com/friday-five-tesco-tinder-is-bringing-suppliers-together-in-a-waste-tackling-lovefest-1d42d04510a0

https://www.greenbiz.com/sites/default/files/2022-12/tesco-food-waste-app-shutterstock-logo.png

Food waste management; Problems & Solution – Technology Times

3 December 2022
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Business, Sharing economy

Tesla Semi Truck Chaning the Transportation Industry and the World

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Back in 2017, Tesla Semi Truck was presented by the CEO of Tesla Elon Musk as an innovation in the transportation industry. Again sticking to the idea of a sustainable future, the company had an idea to create a semi-truck that would be eco-friendly and simultaneously outweigh the performance of usual combustion engine-based lorries in every possible way. For example, it was stated that the vehicle would be capable of accelerating from 0 to 100 km/h in mere 20 seconds with a full load, which is claimed to be 37 tons! Though, 5 years passed before one of the first such lorries would be released on the market. Recently, tesla has presented ready trucks labeled with Pepsi-Cola logos.

Tesla Live. Tesla Motors official Twitter page.

Yet, the data regarding the credibility of Tesla’s previous claims was not provided. However, if they turn out to be true or at least 50% true, the product could revolutionize the transportation network. Although the cost that a company would have to bear in order to purchase one of these is unknown, the fact that the vehicle is electric most likely provides a possibility for an immense economy in terms of fuel expenses for logistics businesses, especially considering the ones like FedEx or UPS. Just to compare, the average fuel consumption of a semi-truck in 2022 as found by research at Bridgestone Mobility Solutions is around 30 to 40 liters of diesel. “According to the Spanish observatory of road freight transport costs report published in October 2019 by the Ministerio de Fomento, an articulated vehicle with a payload of 25,000 kg that travels around 120,000 km annually will have a fuel expenditure of more than 40,700 euros” (Bridgestone Mobility Solutions B.V., n.d.). Meaning that in just a year of the vehicle’s exploitation the costs for its fuel would come close if not overcome a third of the vehicle’s own monetary worth. That’s why an electric Semi Truck would shift the whole industry. The expenses connected to fuel would diminish by thousands of euros and the potential losses that would be connected to slower recharge times would be equalized by the fact the vehicle is moving simply faster. Even if the vehicle costs more in the beginning, considering the long-term perspective it would be cheaper for companies to use them.

Another important factor to look at is that the ownership of a such vehicle by a company would promote the company itself, and would also contribute positively to its Corporate Social responsibility. Moreover, the environmental impact would decrease with time. Sounds like a perfect solution to many problems at a time:

  • The companies are interested in these semis because it is financially beneficial for them.
  • The human race overall is interested in decreasing the negative influence we put on nature.
  • The economies are interested in quicker and cheaper transportation.

Just by the provision of a single new product, a revolution in an industry might make a shift in the whole world’s operation. Nonetheless, as it often happens, the beautiful picture portrayed on the internet and on TV may not be so true. The fact stays that the majority of electricity that is produced in the world still comes from coal. In other words, if we would transfer to electric trucks the majority of energy used by them would still come from a source that destroys the climate. Moreover, another threat that electric trucks can bring to play is the massive batteries that have to be carried in order to overcome more than 800 km on a single charge. The way in which batteries are produced is not fully eco-friendly and the largest issue with them is recycling when their lifetime passes. There yet was not invented a sustainable way to do that.

In conclusion, the Tesla Semi Trucks seem like an innovative product that should set a new trend in the logistics sector. With time, it might stimulate other car manufacturers to develop an electric semi truck of their own, thus spurring the growth and competition in the space, that in turn could lead to a reduction in prices for such transport. Furthermore, with the global transition to renewable sources of energy, the vehicles would not only preserve millions of dollars for corporations but would also save millions of lives suffering from global warming.

Share your thoughts on Tesla Semis and its impact on the environment and the economy below! I will be happy to hear different ideas 😀

References:

Average and Median MPG For All Types of Pickup Trucks. (2022, August 22). GizmoDriver. Retrieved December 3, 2022, from https://gizmodriver.com/average-and-median-mpg-for-all-types-of-pickup-trucks/

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26 November 2022
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Business, Security, Sharing economy

Black Friday in 2022 becoming fake

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The famous Black Friday sale has already happened on November 25th. This is a tradition that came to Poland along with other European regions around 2013 from the USA, but not all Polish stores act with customers according to the same rules as American ones. Often, the announced discounts are purely symbolic. It is also a popular opinion among customers that stores increase the prices on purpose to then make a “discount” so that they feel they buy products cheaper, though they might be even paying more than could pay before Black Friday.

Moreover, statistics show that sellers do manipulate buyers. According to the research conducted by Deloitte, in 2021, discounts in “800 surveyed Polish stores averaged 3.6%. Almost 57% of the stores did not prepare any special offers for visitors. In rare cases, discounts reached 5%” (Podczas Tegorocznego Black Friday Średnie Obniżki Cen Sięgnęły 3,4 Proc., 2021). Meaning that the screaming all-around SALE and discounts -70% signs are mock. At the same time, an increase in prices for a third of the studied goods was revealed. The largest discount that was recorded was 36%, although the marketing messages were talking about 70% for buyers.

Buyers themselves seem to feel that stores often treat them dishonestly – according to statistics, interest in Black Friday is falling from year to year. According to the Picodi service, in 2021, “31% of Polish residents expressed their desire to participate in the sale, while a year earlier there were 40% who wanted to participate in the sale” (Black Friday (Czarny Piątek) – Picodi Polska, 2022). Therefore, revealing a great deal of interest fall toward the hoax yearly sales.

As mentioned before, it seems like a common practice in retail to raise prices for goods a few days before Black Friday and then “lower” them on the day of discounts. For example, a tech store can raise the price of a fridge from 2 000 zl to 4 000 zl on Tuesday and lower it to PLN 3 000 on Friday. This will provide a banner showing the “Big discount” of 1 000 zl. The Polish authorities, however, promise to take care of this loophole soon. In Europe, there is a special Omnibus directive that obliges sellers to inform about the prices of goods. It was developed to prevent fraud and also to prevent the purchase of customer reviews. And although it has not yet entered into force in Poland, some stores have been adhering to it for a long time now.

When the directive comes into force, according to research by Sebastian Gorski, shop owners who deceive their customers will face a fine of PLN 20,000. Panstwowa Inspekcja Handlowa will monitor compliance with the terms of the directive. If it turns out that the price of a promotional item has been different in the last 30 days, then the store owner will be in trouble (Górski, 2022).

All in all, I recommend that you refrain from impulsive purchases on Black Friday, and before making a decision to buy a product, check whether it is really participating in the promotion. You can use services like ceneo.pl, skapiec.pl and nokaut.pl, which help you get an idea of ​​how the price of a product has formed in recent months.

Comment your thoughts below, share your valuable opinion with others!

References:

Black Friday (Czarny Piątek) 2022 – Picodi Polska. (2022). Inspiracje. https://www.picodi.com/pl/inspiracje/black-friday

Podczas tegorocznego Black Friday średnie obniżki cen sięgnęły 3,4 proc. (2021, February 9). Deloitte Polska. https://www2.deloitte.com/pl/pl/pages/press-releases/articles/podczas-tegorocznego-Black-Friday-srednie-obnizki-cen-siegnely-3-proc.html

Górski, S. (2022, November 25). To ostatni taki Black Friday. Za rok sklepy nie będą mogły ściemniać z promocjami. CHIP – Technologie Mamy We Krwi! https://www.chip.pl/2022/11/to-ostatni-taki-black-friday-dyrektywa-omnibus

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24 November 2022
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Bez kategorii, Business, Devices, Sharing economy

Why is there a shortage of electronic chipset?

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The impact of the current chipset shortage crisis has spread to a very wide world, from initially only affecting the electric car industry but the impact has now returned to the smartphone industry, tabs. Tablet, computer, game console to various IoT (Internet of Things) devices today,

Chipset shortage crisis this time. It has to say that it started from the trade war between two the most country like China and the United States in 2019, dragged on to the COVID-19 crisis in 2020 that affected the world. And it doesn’t seem to end easily, coupled with new demand that has arisen along the way in many industries. Including natural disasters to aggravate the production capacity even less Until the balance between demand and supply worsened as we can see today.

https://images.app.goo.gl/ieYLB9aEtPFx3iPK6

In addition, Due to less chip volume and higher product prices It’s not just businesses which are get this crisis by the shortage of semiconductors. Even ourselves as consumers will not be immune to the negative consequences of this crisis. One of them is that the price of goods has skyrocketed.

According to J.D. Power, the average US car price In the first quarter of 2021, it jumped 8.4% from a year earlier to about $37,200 per vehicle. will increase by at least 1-3% which can show that the price of chipset in the market has skyrocketed therefore it will raise a price rapidly.

And who will get benefit with this thing, the issue of the shortage of semiconductor have advantages and disadvantages , In my opinion is TSMC and Samsung which are biggest market in semiconductor it will invest abord to another country such as Vietnam, Malaysia and Thailand which it will make competition between this two company will produce new product, new innovation, and new technology for example, semiconductor 5 nanometers or 3 nanometers technology so what do u think about this issue please comment down below.

resource:

https://www.cars.com/articles/car-shopping-how-long-will-the-inventory-shortage-last-437134/

2020–present global chip shortage – Wikipedia

Global chip shortage: everything you need to know | TechRadar

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19 November 2022
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Business, Devices, Security, Sharing economy, Software

Subscription – money magnet

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Today subscription services surround us everywhere. It is difficult to come up with a good or service that you wouldn’t be able to fit into a subscription model. At present, we can subscribe to anything. Among the known examples are – Netflix video streaming, Spotify music, YouTube music, Chewy for pets, PlayStation Plus, Xbox game pass, etc. Some of the largest companies in the tech world have at least one subscription service. And more companies appear whose business is fully based on subscriptions like Netflix. What’s interesting is that today, you are able not only to get the benefits of subscription in the tech world or online but also you could consider subscribing to dietary services that provide you with sets of healthy meals containing certain amounts of calories and nutrients of your choice. The food will be delivered to you regularly and the money taken from your pocket as well. You could subscribe to sausage or cheese services, you could subscribe to deliveries on such planforms as Allegro if you order packages regularly, you could subscribe to various events or business breakfasts that happen regularly, and so on and so forth. Although subscriptions always seem advantageous for the subscribers, not often do people ponder over the question of what makes large companies transfer to, or implement features of this exact business model, it’s got to be beneficial for the organizations as well.

First things first let’s make it clear how subscriptions work. As stated in the Cambridge dictionary a subscription is “an amount of money that you pay regularly to receive a product or service” (Cambridge Dictionary, 2022). Taking into account a well-known example of Netflix. When you subscribe to it you make an agreement with the company that for a given amount of money you paid, you will receive a certain service, in this case, film streaming, for a certain period of time, here it is a minimum of one month. Sometimes you are provided a “free of charge” trial period to check out the service and decide for yourself whether you would like to use it in the future or not. What’s funny though, is that you can only get a free trial under the condition that you provide your bank card information to the service, so that the company at least has a chance of you not remembering or not even knowing that the money will be taken off your card with hardly any warning.

This is a genius way of getting money from people. It looks like a little legal scam. The trick here is that you do not consciously make a purchase every month, no, it could potentially make you think about whether you actually need it. On the contrary, it simply automates the task of taking money off your bank acc. As mentioned before, an especially controversial it is when the company makes you enter your bank account data for a free trial period. Hence, they purposefully want you to forget that you have entered the data and don’t even think about the money no more. You will start using the service and no matter whether you liked it and continue using it or not, they will get the money. And it is also important for them to make the money “you pay” seem insignificant so that you do not start wondering where did your salary go the moment you got it. They want it to be as seamless as possible so that when they gain thousands or millions of subscribers half of which would not even use the service, they will still gain the cash on a regular basis.

But don’t just take my word, check out the research recently conducted by C+R research. Survey has found that nearly half of the population who use subscription services forget that they pay for them, and when it comes to generation Z, the number rises to 55% of forgetful ones. 22% of responders, in turn, claim that they feel overwhelmed by the number of subscriptions they have to deal with (Subscription Service Statistics and Costs, 2022). However, there is a solution. Get a subscription for a mobile app that allows you to keep track of and manage your other subscriptions 😀

Figure 1. C+R research. Most forgotten types of subscriptions. (Subscription Service Statistics and Costs, 2022)

In the figure provided above, we can see that the easiest subscription to forget about is the mobile phone, the internet, tv, and movie streaming. Those are pretty much the ones that become an integral part of our lives, and are relatively inexpensive whatsoever.

Nevertheless, we cannot deny the fact that subscriptions are not pure evil. They are of good use to those who truly take the benefit of them. Those are the people who do interact with the service on an often and regular basis. Say you are a music lover or you make business on buying and selling stuff on Allegro. In these cases, a subscription to Spotify or delivery would make your life simply easier and cheaper. Furthermore, as mentioned in the research from Lin: “Rounding out the top 10 benefits of subscription models for customers are the ability to access a wider range of products and being able to avoid fraud and/or theft” (Lin, n.d.). Meaning that customers find it comfotable and troubleless to use subscriptions. It reduces the number of unnessesary worry/activitires we have in the modern world. That’s why crowd is keen giving up some extra money for a service that even potentially might be useful. It is connected to the feeling of security as well as feeling like the choice is bigger for smaller money, and it is difficult to argue with.

To conclude, what we can do to get the full merit of subscriptions and not suffer from losing our money subconsciously, is to make ourselves aware of the deals we make with organizations. Be cautious whenever we leave our bank account information, and make sure we either use the service we pay for, or we do not pay for the service we do not use.

Hope you found this post interesting. Feel free to share your thoughts on this matter in the comments section below 😉

References:

Cambridge Dictionary. (2022). subscription definition: 1. an amount of money that you pay regularly to receive a product or service: 2. an amount of. . .. Learn more. https://dictionary.cambridge.org/dictionary/english/subscription

Subscription Service Statistics and Costs. (n.d.). C+R Research. https://www.crresearch.com/blog/subscription-service-statistics-and-costs

Lin, Y. (n.d.). Top Benefits of a Subscription Model | Oberlo. https://www.oberlo.com/statistics/benefits-of-subscription-model

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12 November 2022
1 Comment
Apps, Business, Sharing economy

Why is all delivery food company still not profitable? and how they can attract investor?

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There have a lot of delivery food company around the world but why they cannot make profitable but there are always investor ready to invest because they believe that someday a business will be able to make profitable.

How are these delivery food companies profitable? for example, delivery food company earnings come from deducting 25% of the ride fare. This mean that if the fare is 100 zloty, the driver gets 75 zloty, and all of these company get 25 zloty on the other hand the 25 zloty will go toward advertising, driver promotion, developer wages, self-driving car R&D, back office system, liaising with government in each country on legal matters, fight lawsuits and salaries of employees but it is less profitable.

On the other hand, why do investors still invest in this business ? for example this is Uber’s latest 4 quarter earning Q3 Year 2018, revenue around 2532 million dollar, loss around 835 million dollar, Q4 Year 2018, revenue around 2560 million dollar, loss around 751 million dollar Q1 year 2019, revenue around 2671 million dollar, loss 862 million dollar as you can see The profit is constantly increasing and there are still losses, making investors think that they can still make a profit and find a solution to the problem of losses of profitable.

In America when customer want to use delivery food service they have to spend a shipping cost, tip and cost of food but it make customer spend a lot of money for delivering 1 time that make they have to spend tip and shipping cost that makes this part of the cost almost equal to half the price of food and this isn’t worth for customer in America. In my opinion these food delivery companies might be difficult to do in the future because in this situation after COVID-19 pandemic people they didn’t work from home that make decreasing of profitable for those delivery companies. In the future, we have to see how these companies find the solution.

source:

Boom Time for Food Delivery Platforms, But Still Not Profitable (industryleadersmagazine.com)

https://en.m.wikipedia.org/wiki/Uber

https://www.businessinsider.com/uber-biggest-risks-according-to-wall-street-2019-8

https://www.pymnts.com/news/ridesharing/2018/uber-grab-sale-acquisition-profit-q1/

https://brandinside.asia/food-delivery-service-war/

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