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The Evolution of Virtual Reality

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For much of modern history, people have longed to find ways to temporarily escape the mundane and sometimes harsh realities of everyday life.

Following the invention of the Gutenberg press, readers could use their imaginations to “get lost” in fiction books to take a break from all things ordinary. More recently, it has been inventions such as television, movies, and video games that have gotten us even closer to achieving true escapism.

And while that progress is impressive, it is likely that today’s virtual reality technology may be the biggest leap forward yet. The virtual reality experiences coming out right now are so real and immersive, that the “realness” has actually become a potential psychological pitfall for developers to overcome.

As the technology continues to grow, virtual reality will allow us the ultimate escape. We will be able to completely immerse in new experiences such as journeying to new planets, solving mysteries, or flying alongside our favorite superheroes to prevent the next global catastrophe.

The Evolution of Virtual Reality

Although it was the most recent developments in technology that have tipped virtual reality towards mainstream use, the concept of virtual reality itself has been a long time coming.

Today’s infographic from [email protected] shows the evolution of virtual reality, and how new ideas and products over time have helped to put the technology on its current course.

The Evolution of Virtual Reality

Interestingly, the seeds for the evolution of virtual reality were actually sown as early as the 1930s and 1940s.

The first important precursor was the Link Trainer, which was used as a flight simulator for the U.S. military. This device, which would be ultimately used to train over 500,000 U.S. pilots, was entirely electromechanical in nature. By using a series of pumps, valves, and bellows to respond to the pilot’s controls, it produced an accurate reading on flight instruments.

Around the same time the Link Trainer became widespread in use, Sawyer’s View-Master was introduced at the New York World’s Fair in 1939-1940. Today it is still a popular children’s toy, having sold over 100 million viewers worldwide since then. The View-Master uses reels of stereoscopic film to provide the illusion of 3d images through the plastic binocular set.

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Markets

Visualizing the Rise of Investment Tech

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Visualizing the Rise of Investment Tech

For the high resolution version of this infographic, click here.

Investors and wealth managers are always looking to capitalize on their investments—and the latest innovations are arming them with more efficient tools to get there.

Fintech solutions are increasingly being adopted among the digitally active population, as 64% of surveyed wealth managers consider digitization essential in 2019.

Today’s graphic from Raconteur highlights the benefits of investment technology, and touches on shifting sentiments in human vs. digital interactions. Where do investors and wealth managers see the next epoch of investment fintech heading?

Fantastic Features: Top Benefits

According to a TD Ameritrade survey of 1,000 investors, a whopping 90% consider getting tailored investing advice to be the most important feature of any tech tool. In second place, 52% place value in easy access to their data.

Here are the other benefits at top of mind for investors when it comes to investment tech:

  • 45% seek the best possible returns
  • 44% look for customized, quick, and simple analysis
  • 39% are interested in customized portfolios
  • 39% want the benefit of personalized budgets
  • 38% desire regular suggestions for optimizing financial health

But how well are these applications being adopted in everyday investment scenarios?

The Fintech Boom by the Numbers

Investment apps such as RobinHood have drastically risen in popularity, but still lag behind more mainstream segments in the fintech space:

Fintech Categories Ranked by Adoption Rate, 2015 to 2019

Category2015 Adoption Rate2017 Adoption Rate2019 Adoption Rate
Money transfer and payments18%50%75%
Insurance8%24%48%
Savings and investments17%20%34%
Budgeting and financial planning8%10%29%
Borrowing6%10%27%

Source: EY

Borrowing apps have the lowest global usage rates—only 27% of the digitally active global population—whereas nearly 75% have adopted money transfer and payment apps.

Human vs Machine: The Customer Experience

Do humans or machines have the edge in managing your investments?

The aforementioned survey by TD Ameritrade also asked investors which of the following are performed better by each group, with mixed results:

👨 Humans perceived as better  🤖 Robots perceived as better
• Ability to chat about questions or investment concerns• Info in one place that can be accessed at any time to inform best solutions
• Investment experience
• Best returns
• Affordable investment solutions or advice
• Ability to optimize returns and minimize taxes
• Regular suggestions on how to optimize financial life• Quick, simple analysis tailored to unique financial situation
• Personalized budget development• Custom portfolio with regular updates

When it comes to managing tasks such as calculations, updates, and portfolio optimization, the majority of investors consider a computer to be better suited to the tasks at hand. However, when they are discussing investment concerns, personalization, or financial advice, the majority of customers prefer a human opinion.

Interestingly, 81% of U.S. investors believe that investment technology could never replace the “human touch”, compared to 70% of European investors or 64% in Asia.

Wealth Managers are Going Digital

Over time, wealth managers have grown to embrace the digitization of their industry.

The proportion of surveyed high-level executives who see digitization as essential to the industry jumped from just 25% in 2016 to 64% in 2019.

In another recent survey about views on most impactful types of fintech apps, more than 68% of wealth managers agreed that robo-advisors are among the most important developments, with AI-based investing apps following closely behind at 45%.

Towards a More Personalized Future

At the end of the day, investors want better, more personalized advice at their disposal—and for that advice to generate more profitable returns. Along with their wealth managers, investors are increasingly interested in solutions that can simplify portfolio management.

Digitization and automation of manual processes have been a welcome change for many industry professionals. While investment technology is still in early stages, wealth managers can personalize investor experiences through the adoption of tech─and increase their chances of future success by maintaining a seamless customer experience.

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Healthcare

The Future of Nanotechnology in Medicine

This infographic highlights some of the most promising nanotechnology breakthroughs in medicine, from ‘smart pills’ to targeted cancer treatment.

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nanotechnology medicine

The Future of Nanotechnology in Medicine

Around the world, researchers are increasingly thinking smaller to solve some of the biggest problems in medicine.

Though most biological processes happen at the nano level, it wasn’t until recently that new technological advancements helped in opening up the possibility of nanomedicine to healthcare researchers and professionals.

Today’s infographic, which comes to us from Best Health Degrees, highlights some of the most promising research in nanomedicine.

What is Nanotechnology?

Nanotechnology is the engineering of functional systems at the molecular level. The field combines elements of physics and molecular chemistry with engineering to take advantage of unique properties that occur at nanoscale.

One practical example of this technology is the use of tiny carbon nanotubes to transport drugs to specific cells. Not only do these nanotubes have low toxicity and a stable structure, they’re an ideal container for transporting drugs directly to the desired cells.

Small Systems, Big Applications

While many people will be most familiar with nanotech as the technology powering Iron Man’s suit, real world breakthroughs at the nanoscale will soon be saving lives in healthcare.

Here are a few ways nanotechnology is shaping the future of medical treatment:

1. Smart Pills

While smart pill technology is not a new idea — a “pill cam” was cleared by the FDA in 2001 — researchers are coming up with innovative new applications for the concept.

For example, MIT researchers designed an ingestible sensor pill that can be wirelessly controlled. The pill would be a “closed-loop monitoring and treatment” solution, adjusting the dosage of a particular drug based on data gathered within the body (e.g. gastrointestinal system).

An example of this technology in action is the recent FDA-approved smart pill that records when medication was taken. The product, which is approved for people living with schizophrenia and bipolar disorder, allows patients to track their own medication history through a smartphone, or to authorize physicians and caregivers to access that information online.

2. Beating the Big C

Nearly 40% of humans will be diagnosed with cancer at some point in their lifetime, so any breakthrough in cancer treatment will have a widespread impact on society.

On the key issues with conventional chemotherapy and radiation treatments is that the body’s healthy cells can become collateral damage during the process. For this reason, researchers around the world are working on using nano particles to specifically target cancer cells.

Oncology-related drugs have the highest forecasted worldwide prescription drug sales, and targeting will be a key element in the effectiveness of these powerful new drugs.

3. Diagnostics

Medical implants — such as knee and hip replacements — have improved the lives of millions, but a common problem with these implants is the risk of post-surgery inflammation and infection. In many cases, symptoms from an infection are detected so late that treatment is less effective, or the implant will need to be replaced all together.

Nanoscale sensors embedded directly into the implant or surrounding area could detect infection much sooner. As targeted drug delivery becomes more feasible, it could be possible to administer treatment to an infected area at the first sign of infection.

Examples like this show the true promise of nanotechnology in the field of medicine. Before long, gathering data from within the body and administering treatments in real-time could move from science fiction to the real world.

10,000 years ago, man domesticated plants and animals, now it’s time to domesticate molecules.

– Professor Susan Lindquist

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