Industry News Round-Up August 2018
The Impact Of The Next Industrial Revolution
Joe Kaeser, the head of Siemens is trying to warn companies and governments that the new industrial revolution is coming with its fair share of challenges. Up to 1/3 of the jobs will be lost as we transition from the traditional cars to electric vehicles. This change may end up taking place in the next decade or a bit after that.
While the tech advancements are great, they also come with their fair share of problems for our society. In this case, many jobs will become obsolete as technology can take care of them in no time.
The governments and companies need to figure out a solution in this perspective. One of the challenges is making sure that they retain the workers with good skills, even if those skills might not be relevant on the job market.
A solution here would be retaining businesses and governments as they try to find the right solutions. The governments need to create a framework and the private sector needs to complete that framework.
Of course, countries can also work with one another in order to counteract this type of problem. While Germany (where Siemens resides) might be hit by this, other countries would not have to worry about this type of issue too much. But with the right approach and a good set of systems the tech advancements will not bring in problems for the workforce. Yet Joe Kaeser is right, preparing for such an eventual outcome early on will help prevent issues.
For full information, please read the article below:
Story originally covered Courtesy of Guardian News by Angela Monaghan at The Guardian
Government chooses Essex-based Manufacturer For Promotion Of Start-Up Loans
Startup loans are very important for all UK startups, and many of them reach success with a good approach. That’s what JimJams managed to do, and they were chosen by the government to promote startup loans.
JimJams is a startup created by Kevin Bath and his wife Kellie. They created a unique low sugar alternative to the chocolate spreads. The government backed them up with 25000 pounds, and they got an annual turnover of 300000 pounds. This is clearly a huge success, and it goes to show that a good loan can help any startup reach amazing results. JimJams is now found in important supermarket chains like Morrisons, Sainsbury’s and Tesco, among many others.
The Startup Loans Company was super important when it came to making JimJams grow, as without the money to get the venture off the ground, JimJams would not exist.
There are some challenging moments to deal with when you create such a startup, but the results can indeed shine if you do this right. The Startup Loans Company offered more than 50000 loans to the UK startups, which added up to 345 million pounds in total.
This goes to show that startup loans are available, and if you have a great idea you should consider investing in it right away.
Full story via EssexLive