It was back in June of 2016 when Forbes had revised its valuation of Theranos from $4.5 billion to $0 following a series of investigations and allegations that the company’s blood tests were inaccurate. And yet, earlier this month Theranos made headlines again when The The Wall Street Journal published more information on violations of policies and procedures, which it topped off with commentary that the company is now “on life support“. Specifically, The Wall Street Journal had revealed that Theranos employees improperly operated blood testing machines and that the company did not ensure that all patients who may have received potentially inaccurate blood test results were notified. Although Theranos had shifted its focus and is now developing the miniLab– a tabletop laboratory which it will sell to health care providers– the original vision of running hundreds of tests using just a finger prick remains appealing. The question then becomes ‘what are the technology gaps that prevented Theranos’s original promise from becoming a reality?’ To better understand this gap we outline the state of innovation of blood diagnostics today: Continue reading
Lux recently updated its Automotive Battery Tracker (client registration required) product to include vehicle sales through 2016 and the data revealed impressive, albeit expected, results – another record-setting year for plug-in vehicles and Li-ion batteries. Passenger plug-in vehicle sales were up 40% globally in 2016 compared to 2015, as sales jumped from 523,000 to 711,000. More notable growth came from overall battery demand, which grew by 72% in 2016 compared to 2015, as demand reached 21.2 GWh globally. Most of this growth came from the strong growth of battery electric vehicles in China, which is now the world’s largest passenger plug-in vehicle market with 49% market share. Continue reading
There is tremendous hype around blockchain, as venture firms throw billions at startups and developers begin porting the concept outside of the financial services industry. Beyond the hype, there is immense confusion around the appropriate use cases and the emerging participant ecosystem. Enterprises are uncertain about how blockchain will impact their businesses and they are even more uncertain about how to capitalize on the opportunity. In this webinar, we framed the evolving value chain, uncovered real world examples of industrial enterprise deployments, and explored the future of blockchain in industrial use cases beyond finance. Continue reading
Lux Research recently spoke with Mike Festa, Director of Wayfair’s Next at Wayfair, about how the online retailer is innovating on its customers’ online shopping experiences. Wayfair has over 7 million furniture and home décor products available through its website, and started the Wayfair Next R&D lab to bring part of the brick-and-mortar shopping experience to online shoppers through visualization and ease of interaction (client registration required). The lab was created to digitize Wayfair’s extensive product catalog using 3D scanning to create augmented reality (AR) and virtual reality (VR) customer experiences. Creating this experience would require 3D scanning hardware, associated software and expertise, as well as developers to create the customer-facing AR and VR applications for desktop and mobile platforms. To redefine the online shopping experience and let people visualize products in their own homes, Wayfair needed to overcome the sizeable engineering hurdles associated with creating 3D models of its millions of products. Continue reading
For its age, sugar was a wonder resource, the feedstock from the West Indies of valuable products like molasses and medicine, and responsible for as much as a third of the European economy. Its importance was so great that Napoleon opened a school dedicated to studying an alternative source to beat the English blockade. Continue reading
Early this year, coffee-chain giant Starbucks unveiled its Cascara Latte as the first new drink of 2017. Cascara, which means “husk” in Spanish, refers to the outer skin and pulp of a coffee cherry. Typically, growers discard the outer coffee cherry after extracting the beans, which are the dark seeds used for espresso and coffee. In some places like Yemen, Ethiopia, and Bolivia, local farmers dry the husks to make tea, but Starbucks takes its own spin on reusing the coffee waste to incorporate the unique flavors into a specialty drink (see figure below).
2017 is set to be the biggest year yet for wearable electronics conferences; currently, there are 70 scheduled wearables conferences globally. Many conferences look at the broader innovation happening in wearables, with 41% (28 total) focusing on overall wearable development; this can be in hardware, software, or niche use cases. Conferences focusing solely on software and app development follow closely behind with 33% of the total. Augmented reality (AR) and virtual reality (VR) have been receiving more attention recently in wearable electronics and similarly in digital health & wellness (client registration required).
NBS International published its BIM Report 2016 based on a survey conducted with construction industry professionals from the U.K., Canada, Czech Republic, Denmark, and Japan. According to this report, 90% of the respondents are using building information modeling (BIM) to produce 3D visualizations, more than 70% of BIM users use it for clash detection, and around 50% use BIM for performance analysis. Clearly, there is a new level of awareness towards BIM and the majority of industry professionals think that it will be an integral part of design processes in one way or another. As the construction industry transitions towards digitization, the BIM landscape is loaded with various software solutions satisfying specific designers’ needs. We recently published a report detailing these BIM solutions ([see the report “Beyond Material Innovations: How Construction Technologies for Digitization and Automation Will Compete and Influence the Industry”] client registration required). It is essential for building material manufacturers to understand this landscape and how these solutions might influence them in the short as well as long term. This insight points out the benefits of BIM for material manufacturers going forward. Continue reading
Water chemicals specialist Kurita marked the beginning of 2017 with two big deals to accelerate its business in North America.
- Smart water company APANA (client registration required) announced last week that Kurita led its $3.5 million Series A round. With about 140 installations in North America, the majority of which are with wholesale giant Costco, APANA has found quite some traction since its inception in 2012. APANA offers its customers hardware, such as high resolution flow sensors and meters, as well as automatic meter reading (AMR) from third-party vendors, and bolts on its wireless gateway and telemetry equipment. Its innovation is in software algorithms, where it takes baseline water usage data for a large store or facility and optimizes operations to locate water leaks/bursts, identify waste signatures, and equipment malfunctions. APANA leverages both cellular communications and LoRa (Low Power Wide Area Networks) to collect and analyze data in real time. Customers using APANA see above 20% water savings and reduction in associated maintenance costs, with an expected payback within 24 months. While long payback periods can be a hurdle for adoption, the company has been delivering operational benefits to customers. Its recent traction has seen the technology implemented at large university campuses, car washes, cooling towers in industrial facilities, and wineries, to provide both energy and water savings annually.
Since the inauguration of Donald Trump as the 45th U.S. president on January 20, 2017, new policies around immigration, trade, energy, and the federal government have been put in place. Although a repeal of the Affordable Care Act (ACA), or Obamacare, took center stage in Trump’s campaigning, no policies directly impacting health have been implemented by his administration, and the fate of health care under Trump is still unknown. To provide a recap of what we do know, we outline what has taken place on the health front in his first two weeks. In addition, based on campaign rhetoric, we outline what a Trump administration will likely mean for digital health moving forward. Continue reading