Michael Tchong

220 Flips | 1 Magazine | 20 Likes | 106 Following | 136 Followers | @ub3rcool | I help you catch the next wave before it catches you.

One Nation, Under the Weight of Crushing Debt

An interactive map shows where the highest concentrations of households with unpaid bills are.<p>Not much unites Americans these days, except, perhaps, past-due bills. A third of American households are currently in debt, and in the second quarter of 2017, they owed a record $13 trillion altogether.<p>In …

Health Care

How Blockchain Is Creating a New Future for Digital Marketing

The transparent nature of blockchain data will allow companies and customers alike to feel more secure.<p>Opinions expressed by <i>Entrepreneur</i> contributors are their own.<p>Advertising today is a multi-billion-dollar industry. And, according to market research company Forrester, digital marketing …

Blockchain

REI CEO slams retailers like Macy's and Walmart for 'rampant consumerism' — and says it could ultimately hurt the companies this Black Friday

REI is staying shut on Black Friday for the third year in a row.<p>And, while CEO Jerry Stritzke says that originally the decision was a moral one, it's also great for the outdoor company's business.<p>"You don't win in the long-term by pushing ... what I call rampant consumerism," Stritzke told Business …

Macy's

2017 just set the all-time record for store closings

More store closings have been announced in 2017 than any other year on record.<p>Since January 1, retailers have announced plans to shutter more than 6,700 stores in the U.S., according to Fung Global Retail & Technology, a retail think tank.<p>That beats the previous all-time high of 6,163 store …

Rite Aid

Top 10 Technology Trends To Watch: Forrester Research

Forrester Research just published The Top 10 Technology Trends To Watch: 2018 To 2020. Ten trends, which Forrester breaks into three phases of dawning, awareness, and acceptance, are setting the pace of technology-driven business change.<p>In the dawning phase, a few innovators experiment with new …

Customer Experience

The Trouble with CMOs

In 2012 a leading retailer began looking for a new chief marketing officer. The job description made the opening sound exciting: The new CMO would play a big, important role, leading the company’s efforts to boost revenues and profits. It seemed like the kind of opportunity any would-be CMO might …

Management

For True Innovation, Don’t Rely On Your Own Ideas

Anheuser-Busch innovation executives say that in order to excel at coming up with new ideas, you have to discard your own and listen to what real people want.<p>When most people think of Anheuser-Busch, what comes to mind are its most famous American beers—Budweiser, Bud Light, Michelob, and the like. …

Innovation

3 Reasons Why Tech Is the Future of Fashion

Tech is the future of fashion. Brands that understand these trends will stay ahead of the pack.<p>This post comes from the perspective of Monsterrat Corominas and Dave Darsch.<p>In the fashion industry, it's crucial to be at the cutting edge. So why are so many clothes and accessories companies behind …

Imagining the Future Is Just Another Form of Memory

Humans’ ability to predict the future is all thanks to our ability to remember the past.<p>“Imagining the future is a kind of nostalgia.” This is a line from John Green’s young-adult book <i>Looking for Alaska</i>. It’s pretty, and melancholy, and very popular on Tumblr. It’s also scientifically …

University of Illinois

Can Basic Income Plus The Blockchain Build A New Economic System?

To stop society’s unsustainable demand for ever-more resources, we need to decentralize and localize our economy. Combining the new ledger technology with UBI may be the way to make that happen.<p><i>This story reflects the views of this author, but not necessarily the editorial position of</i> Fast …

This Company Is Trying To Disrupt The Braces Industry And Dentists Are Fighting Back

SmileDirectClub offers to straighten your teeth at a fraction of the cost of braces, without a visit to the dentist. But orthodontists claim the company has endangered the oral health of tens of thousands of people.<p><b>Dentists are waging</b> a war against SmileDirectClub, a startup whose mail-order …

Small Homes: Future of Real Estate

The real estate market is ripe for innovation and disruption. One area where trends are converging to bring about change is home size. Now comes the …

Real Estate

Data From 3.5 Million Employees Shows How Innovation Really Works

Sales and marketing were once disciplines ruled by emotions. But somewhere along the way, we recognized that they were based on definable pipelines and applied technology to manage those pipelines. Today you can put a corporate dashboard in place to manage them and tweak the settings to try to …

Seoul's Hottest Club Is the Plastic Surgery Clinic

Cue rumbling clouds, a sunrise, then a busy intersection. A deep, dramatic male voice narrates: “Everyone has a life of their own. They live in different places, have different skin, and different perceptions. However, they still share one thing in common: The desire to become beautiful and …

Why Are More American Teenagers Than Ever Suffering From Severe Anxiety?

The disintegration of Jake’s life took him by surprise. It happened early in his junior year of high school, while he was taking three Advanced Placement classes, running on his school’s cross-country team and traveling to Model United Nations conferences. It was a lot to handle, but Jake — the …

High School

How granite countertops became an American obsession

Granite countertops have become a stone idol. If you've ever seen an episode of <i>House Hunters</i>, half of those people would rather have granite countertops than a roof.<p>It hasn't always been that way. In 1986, when legendary graphic designer Deborah Sussman used granite countertops in her kitchen, the …

The Jobs Of CDO: Chief Digital Officer, Chief Disruption Officer

We’ve been hearing a lot in recent years about the emerging role of “chief digital officer,” or variations thereof, such as digital strategist or manager of digital operations. There is also overlap with “chief data officer.”<p>It appears to be a growing category of expertise. A recent study by …

The Future For Oil Supply And Prices After The 'Amazon Effect' Stimulates Shale 2.0

The Energy Information Administration (EIA) went out on a limb this past summer and forecast what is already happening: U.S. crude oil production is on track to reach historic highs. This week U.S. crude exports hit a record too, now rivaling those of Kuwait. (Savor the word “exports” after decades …

Snapchat will put Jeff Koons’ art installations in augmented reality

As part of a new project called “Art All Around You”<p>Snapchat plans to launch a new art initiative tomorrow aimed at using augmented reality to feature art installations around the world. A website, art.snapchat.com, mysteriously spawned a countdown clock this afternoon, and a snippet of javascript …

Augmented Reality

Ring launches Protect, its own $199 connected home security system

Ring, maker of one of the original (and still likely the best) connected video doorbell, has launched a comprehensive home security system called Protect, which retails for $199 and includes a base station, keypad (for arming and disarming) a contact sensor for a window or door, a passive infrared …

App usage is growing, but only a few apps are reaping the benefits

<i>This story was delivered to BI Intelligence Apps and Platforms Briefing subscribers. To learn more and subscribe, please click here.</i><p>The increasingly dominant role smartphones are playing in users' lives has prompted the app market to surge. In 2016, total time spent in apps globally hit 1.6 …

Apps

World's First 'Open Source' Platform Integrating SAP & Blockchain Plans Initial Coin Offering

A joint venture between Swiss-based blockchain content distribution platform DECENT and Venaco Group, an independent “best-in-class” SAP advisory, innovation and implementation services firm, has revealed the formation of a blockchain platform and marketplace for “businesses of all sizes,” called …

Possibly Elon Musk's Biggest Idea Yet - Revolutionizing Education

An estimated 250 million children around the world cannot read, write, or demonstrate basic arithmetic skills. UNESCO estimates that the world will need 1.6 million more teachers globally, a number set to double by 2030. Enter Elon Musk.<p>Musk is famous for being the face of such organizations as …

Machine Learning

Under Armour Is Now The Largest Digital Health And Fitness Company On Earth

Under Armour used to be known primarily for its moisture-wicking t-shirts. In the 21 years since the company was established in founder and CEO Kevin Plank’s grandmother’s basement, the company has expanded its product line extensively to include hats, pants, shoes, gloves, bags, and the like.<p>In …

2 German grocery chains are preparing to take over the US — and Kroger should be terrified

Kroger's prices on private label items are roughly 31% higher than those of Aldi or Lidl, according to channel checks done in Virginia and North Carolina by Gordon Haskett Research Advisors. The analysts called the gap "surprisingly high" — a dangerous sign for Kroger.<p>Walmart's prices were about …

17 photos show the meteoric rise and fall of Macy's, JCPenney, and Sears

Macy's recently revealed plans to shut down 100 stores. In July, Sears said it's shuttering 43 US stores, in addition to the 265 closings it announced in early 2017. JCPenney released a list of 138 stores it will close this year.<p>All three chains are considering even more closures as they battle …

Sleeping naked could be the secret to health

Sleeping naked shouldn’t just be reserved for heatwaves — scientists claim it has a range of health-boosting benefits.<p>From boosting male virility to …

A teenage girl has created a 3D-printed lens and app that can detect eye disease

The app uses an AI system to identify diabetic retinopathy in photos<p>A teenage girl has created a 3D-printed lens that, when fitted onto a smartphone and used with an app, can give a preliminary diagnosis for people with diabetic retinopathy, reports <i>IEEE Spectrum</i>. Diabetic retinopathy is the most …

Meet an elusive, tragic, and incredibly bizarre new species of fish

They can weigh over 5,000 pounds.<p>Sometimes nature gives you a gift. This one looks like a two-year-old tried to sculpt a fish out of clay but got distracted halfway through. Its common name is the sunfish, but the German version is more accurate: <i>Schwimmender Kopf</i>, or “swimming head.”<p>Behold the …

Fish

The stunning photographs of Irving Penn are some of the 20th century’s best

The master photographer has a new retrospective at the Met<p>When you spend 60 years making pictures every day, you get pretty damn good at it. Take …

Art Galleries