Welcome to your newsletter featuring the most essential news curated in tech and innovation this week.

Facts and Stats

Ditching the Young Entrepreneur Myth: Research Shows Over-50s Are The More Radical Innovators. In a recent study published in July, two researchers revealed that older entrepreneurs have a lot to offer. Their findings show that those who establish a business at an advanced age (50 and over) are more likely to bring radical innovations to the market than younger business owners. The Study

5 Predictions For the 2023 Holiday Shopping Season.

As the 2023 holiday season approaches, retailers and consumers brace for a market shaped by inflation concerns, changing shopping behaviors, and emerging technologies.

What If the CEO's Personality Affects the Company's Culture? Researchers Investigate the Question. Before becoming an expert in corporate leadership, Charles O'Reilly spent five years in the US Army. There, he saw the gap between good and bad leaders and their influence on the people who worked for them.

Three Big Trends Impacting The Beauty Industry Right Now. Three new big things are happening in the beauty industry, and they are going to shape the industry over many years.

Survey Reveals How Retailers View AI, Future Deployment Plans. Nearly six in 10 respondents plan to adopt AI, machine learning (ML) and computer vision (CV) technologies over the next year to enhance the shopping experience offered in stores and online, according to the Honeywell AI in Retail survey of global retail directors

Are Job Titles Becoming Meaningless? Recent research highlights a significant surge in the prevalence of inflated job titles for entry-level positions attributed to a growing demand from ambitious young professionals seeking accelerated paths to career advancement.

The Number

$900 bn

Is the value that the metaverse could reach by 2030, but it will take time for it to take off, according to Bain & Company.

Who’s Innovating?

What If: Walmart Succeeds as a Neobank? Walmart aims to create a comprehensive financial services ecosystem and a super app combining commerce and banking.

Jisp Has Launched The First Loyalty Platform in The Wholesale Industry. Jisp's Scan & Save app was adapted for wholesale and cash & carry environments. Retailers can now scan product case codes to achieve loyalty rewards.

What Can We Learn From a Swedish Fashion Brand to Innovate for a Sustainable Future? Innovation must be conscientious by considering stakeholder needs and the planet to create ethical and successful businesses.

Amazon is Embracing Generative AI Across Every One of its Businesses. According to CEO Andy Jassy, "every single one" of the company's businesses has "multiple generative AI initiatives going right now."

CallRail Launches CallRail Labs to Foster Continued AI Innovation in Partnership With SMBs. CallRail, the AI-powered lead intelligence platform, today announced the launch of its new innovation program, CallRail Labs.

5 Steps to Drive and Foster Innovation in IT. By prioritizing technology, people, and customers, IT leaders can future-proof their businesses and move digital transformation forward.

Startup Stories

The State of Unicorns in 7 charts. CB Insights visualize the billion-dollar club and break down valuation and headcount trends by industry, geography, and more. The venture boom of 2021 and early 2022 sent tech valuations through the roof, driving the number of billion-dollar private companies to over 1,200.

Unicorns aren’t the only “animals” in the startup ecosystem, meet the zebra & the camel. In the dynamic world of business and startups, the term " unicorn " has begun to resonate more and more. However, it is no longer the only animal in the entrepreneurial menagerie.

Best Practices

4 ways professionals can develop skills from failure. Most professionals tend to pay attention to successful parts of their careers, rather than learning lessons from the low points.

How AI innovation can drive 10X growth in enterprises | David Shrier interview David Shrier is making a number of predictions about AI, some encouraging and some scary. And they’re worth paying attention to, like one about how AI innovation will drive 10 times greater growth for enterprises.

POV: Philosophy is the secret to thriving in the age of AI. The modern workplace requires being able to understand various perspectives—and this is the core of maintaining a philosophical approach.

Metro’s Moi Loyalty Program Adds 1M New Members Since May Launch. Three months after the soft launch of its new rewards program in Quebec, Metro says Moi counts 2.2 million members across the food retailer’s five banners (Metro, Super C, Première Moisson, Brunet and Jean Coutu).

Why Coach is the new 'cool girl' brand for Gen Z. According to a consumer spending report from Earnest Analytics, consumers under the age of 25 increased their spending on the Coach brand by 10% from January through June of this year.

What's y like? SHEIN is shaking up fashion retail and is now the fastest-growing fashion retailer in the world.

Events

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