Evolving Horizons 🌍: Unveiling Innovation Trends In 365 Days
Traversing Trends in Every Sector...
Hello 👋 Dear Innovator
It's the most wonderful 😊 time ⌚ of the year!
The Jingle bells 🔔 are getting Louder and Louder as the holidays ⛄ draw near, so let's be the first to say…
Merry Christmas ⛄🎄 and A Happy New Year 🎊 in Advance From Consonance Club
Last week, we had an amazing year in review with groundbreaking Startups 😄. Did you meet the star ⭐ of the show?
A Quick Quiz!
Which Startup was built with brains 🧠 to takeover according to Consonance Club this year?
🥁 🥁 (PENSIVE MUSIC 🎶)
If your answers rhymes with “5Alive” , you might just be correct 💯.
Alright 👍!
That was the Quiz, not the Quip (joke 😅), so let's have our regular please !
Let's get into it…
Today, as promised in our midweek check-in we'll be summarizing key trends in innovation across different sectors, from healthcare to sustainable energy throughout the year.
Amidst layoffs in the tech industry 🌎and crashes of companies thought to be Powerhouses (SVB and FTX), you'll agree that some trends set the pace for the pack.
Now, to the first on the list of our pacesetters. It is none other than…
Artificial Intelligence
In 2023, Artificial Intelligence (AI) stands at the forefront of technological evolution, marked by remarkable advancements and transformative trends.
You'll agree that everyone whether directly or indirectly was impacted by AI.
You were either found generating different images of yourself with AI, browsing different AI platforms or even ditching Google for ChatGPT.
This year witnessed a significant push towards Explainable AI (XAI), emphasizing the importance of transparency in AI decision-making processes.
The industry is actively engaging in discussions surrounding AI ethics and responsible AI practices, acknowledging the necessity of fairness, accountability, and transparency in AI development. Automation, powered by AI, takes center stage across various sectors, optimizing workflows and processes for increased efficiency. Furthermore, Natural Language Processing (NLP) continues to progress, enhancing language understanding and interaction between humans and machines. The landscape of AI in 2023 reflects not only technical prowess but a concerted effort to align AI advancements with ethical considerations, paving the way for a more responsible and integrated future.
Blockchain as an Evolving Trend
If you are conversant with the Consonance Club newsletters, you probably saw this one coming 😉.
Not to blow 🌬️ our own horn 📯, but we had our part to play 😄.
Benefactors of Bchain Academy’s discounted courses can relate.
In 2023, Blockchain technology stands at the forefront of innovation, showcasing remarkable advancements that redefine its role across various industries.
This year witnesses a maturation of blockchain frameworks, enhancing scalability, interoperability, and sustainability. Smart contracts, powered by blockchain, see increased adoption, streamlining complex transactions and contractual agreements in finance, supply chain, and beyond. Privacy-centric approaches, such as zero-knowledge proofs, gain prominence, addressing concerns and fostering confidentiality in blockchain transactions.
Decentralized Finance (DeFi) continues to flourish, offering novel financial services and investment opportunities outside traditional banking systems. Furthermore, the integration of blockchain with emerging technologies like AI and IoT amplifies its transformative potential. As blockchain solidifies its position as a trusted and secure technology, the advancements in 2023 signify a pivotal moment, propelling decentralized and transparent solutions to the forefront of the technological landscape.
Innovator Of The Week
Orokola Michael Olutunde popularly known as Tunde Michael is the CEO/Co-founder of Store Bounty Inc.
What is Store Bounty?
Store Bounty is the Startup solving the problem of a lack of ‘Sales and Structure’ in Businesses.
Have you ever noticed that very few African businesses survive till the next generation?
Another Observation has been that the moment the founder is not around the business dies most of the time 🤷. Sound Familiar?
That's what Store Bounty is out to solve. Store Bounty builds tools & provides trainings to help African businesses create structures while serving their customers across multiple sales channels.
The Store Bounty CEO prides himself in having effectively managed the team of very young, talented but inexperienced techies to have achieved what they have been able to thus far. They might have started out inexperienced, but consistency has birth so much progress.
It is indeed no small feat.
To that aspiring innovator, the Innovator of the week has something to say to you. He says;
“Jump. Even if you fail, what you will learn on the way will make all the sacrifices worth it.”
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Notable Reads For The Week as seen on Tech Cabal
Opportunities
Paymi Solutions is hiring a Sales Lead in Abuja, Nigeria
MKopa is hiring a Sales Executive in Ijebu Ode, Nigeria
Quadcode is hiring a Remote Financial Data Analyst