Category: Technology

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Killer Apps Explained – History, Examples, Impacts & Future


 
Can you imagine a future where computers monitor humans from birth, predict sickness, and help us heal faster? Or a time when chronically ill or elderly persons can live at home and be monitored by instruments that a home nurse or caregiver can use?
 
Judith Donath, a fellow at Harvard University’s Berkman Center for Internet and Society, predicts that individual healthy diets based on each person’s unique genetics, locations, and activities are going to be common in the future, while drugstores will have booths that function as remote examining, treatment, and simple surgery rooms. In 1950, few could imagine the impact computers would have on everyday life in the year 2000. Today, everyone has a mobile phone, email has replaced physical letters, and online markets are challenging the economics of brick-and-mortar retailers.

The Emergence of Killer Applications (Apps)

Merriam-Webster defines “killer app” as “a computer application of such great value or popularity that it assures the success of the technology with which it is associated.” PC Magazine calls it “the first of a new breed.” To a layman, a killer app is a computer application that saves money, time, or energy, makes the user safer, or enhances the experiences of the user to the degree that it must be acquired and used.
 
The 1979 appearance of the first killer app, VisiCalc, ignited widespread business and personal use by consumers – use that couldn’t have been conceived of in the early 1940s when computers were first developed. According to the Computer History Museum, computer use in its initial stages was limited to research laboratories, large companies, and the Federal Government.
 
Personal computers (PCs) appeared in the early 1970s with the introduction of the microprocessor, integrated circuit boards, and solid state memory. The first commercially accepted PCs (Apple II, PET 2000, and TRS-80) were introduced in 1977 but remained niche products for the scientific community and hobbyists. According to a 1983 article in InfoWorld, only a half-million microcomputers were in place in 1980, and they were primarily used to play simple electronic games.
 
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5 Challenges for America’s Businesses in a Global Market

american-flag-businessFor almost 200 years, America has enjoyed global leadership in science, commerce, and government. As a consequence, the United States has become one of history’s greatest economic powers, dominating the 19th and 20th centuries. The ability of Americans to “think outside the box,” their courage to challenge conventional thinking, and their confidence to persevere despite numerous setbacks has inspired generations and continues to change lives around the globe.
 
Leaders understand that greatness is more than building personal wealth or power, but creating products and services that improve the lives of individuals and the overall human condition. But as trade barriers between countries have fallen, leaders are faced with new challenges, and America’s preeminent status as the world’s dominant economy has been and will continue to be challenged as never before.

21st Century Challenges for America’s Businesses

There are a variety of factors that may negatively affect the competitiveness of American firms in the coming years, including three identified in McKinsey Quarterly:
 

1. Dynamism in Emerging Markets

The world has become “flatter” with the disappearance of natural and artificial borders that protected local and regional markets. As a consequence, markets are worldwide and more competitive, as economist and “New York Times” columnist Thomas L. Friedman predicted in 2005.
 
Within the next decade, China will be home to more large companies than either the United States or Europe, with almost one-half of the companies on Fortune’s Global 500 list of major international players hailing from emerging markets – a 900% increase in 20 years. The emergence of nearly two billion consumers in the emerging markets will create markets in their home countries to support aggressive international growth.

2. Technology and Connectivity

Moore’s Law – a computer term professing that overall processing power doubles every two years – is alive and well, and may prove to be conservative. According to SingularityHUB, many computer scientists project that the world’s first “exaflop” computer will be available before the end of this decade. An exaflop computer will perform a quintillion operations a second – the inputting power equal to the human brain.
 
As a consequence of the anticipated quantum leap in computer power, businesses can start and gain scale with stunning speed while using little capital, value will rapidly shift between country and industry sectors to reflect the constant changes, and entrepreneurs and startups will have new advantages over large established businesses. The life cycle of companies is already shortening and decision making has never had to be so rapid fire.
 
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Technology & Society – The Consequences

robot Technology has been both a boon and a curse throughout history, upsetting the apple cart of the established order with new opportunities for some and great losses for others. Consider the impact of the automobile, first on the horse and buggy industries, then on railroads. Television almost destroyed the movie business until the more creative people adapted. eBooks currently threaten longstanding bookstores and traditional publishers. The pace of technological advance has accelerated during the last half-century, challenging cultures, societies, and individuals to adapt to the new environment.
 
The benefits of technological advances are disproportionately enjoyed among the world’s communities, exaggerating the differences between those countries with stable, modern economies and those yet to develop. Even within a single economy, the benefits generally accrue to those who are better educated, more flexible, and less invested in the status quo.
 
In the past, technology primarily leveraged or expanded man’s physical and mental skills. The coming advances have the capability of replacing those skills, eliminating the need for man’s labor or direction. Simply stated, machines are capable of replacing much – if not most – of the jobs in our industrialized societies.
As the transfer occurs, how will cultures, economies, and political systems adapt? Will the future be the long-sought utopia, or the beginning of a cultural apocalypse, the societies depicted in science fiction novels such as “1984,” “The Hunger Games,” or “Soylent Green“?
 
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How Identity Thieves Get Your Info – 7 Ways to Protect Yourself

identity1 In 2013, the FBI arrested a ring of identity thieves responsible for more than $13 million in losses over a two-year period, from 2007 to 2008. Tobechi Onwuhara, a Nigerian national, impersonated victims across the country to scam their credit card companies into transferring millions of dollars from their customers’ home equity line of credit (HELOC) accounts, and the information he and his confederates used to identify victims was primarily collected through public sources. In other words, any efforts by the individual victims to foil the perpetrators would likely have been futile.
 

How Identity Thieves Access Your Information

Onwuhara’s expertise was his ability to Collect and combine disparate pieces of personal and financial information available free or for a fee to anyone from legitimate sources of private information. His skill allowed him to impersonate credit card holders to have open credit lines monetized to his benefit.
 
Some of his favorite sources of data included:
 
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