What's Hot in Enterprise IT/VC - Issue #123
|Ed Sim||Mar 9, 2019|
Big week in security as RSA was this past week - big themes centered around zero trust and privacy, speaking of privacy, Mark Zuckerberg wrote a manifesto on becoming privacy first while Sundar Pinchai releases TensorFlow Privacy project, on the markets side Shopify becomes fastest SaaS co to hit $1 billion of revenue and Mulesoft is crushing it for Salesforce on the revenue/earnings side
The mechanics of differential privacy are somewhat complex, but it is essentially a mathematical approach that means AI models trained on user data can’t encode personally identifiable information. It’s a common way to safeguard the personal information needed to create AI models: Apple introduced it for its AI services with iOS 10, and Google uses it for a number of its own AI features like Gmail’s Smart Reply.
🤔 “I believe the future of communication will increasingly shift to private, encrypted services where people can be confident what they say to each other stays secure and their messages and content won’t stick around forever,” Zuckerberg says. “This is the future I hope we will help bring about.“
at this year’s RSA there was much talk about “shifting left” or bringing security to developers, in addition “zero trust” is rising in discussions - great to have portfolio co smallstep leading the charge on that front 😃
Data shows humans are more productive with bots “Software robots at State Auto Insurance Companies have automated 47 tasks in various divisions of the company including customer service, compliance and accounting -The bots are performing tasks such as automatically verifying data being transferred to different applications. RPA has saved more than 53,000 staffing hours”
finally, moving to a “passwordless” world - Never click “change password” again. WebAuthn kills the password and lets people sign in with their fingerprint or a FIDO2 security key.
Silicon Valley will always be a go-to market, however NYC is rising - every Fortune 500 is a tech company + talent is on upswing - if you’re in enterprise this is an amazing place to start your company - As New York, Boston, Beijing and London evolve into tech powerhouses, more than half of executives surveyed by KPMG said Silicon Valley will cease to dominate global technology innovation within the next four years.
democratization of AI just beginning as Microsoft is using artificial intelligence to convert photos of data tables into a table in Excel. Users will be able to take photos of hardcopy data and import it straight into a fully editable table in Excel
Mulesoft cranking, APIs and connectors for large enterprises speed up digital transformation and numbers show - The $6.5 billion acquisition that everyone hated a year ago was the only thing everyone loved about Salesforce’s latest quarter
I usually don't highlight financial milestones here, but this one is worth mentioning: As Shopify passes the $1 billion-dollar revenue mark it does so with the highest growth rate of any SAAS company ever. 🎉
11:17 AM - 12 Feb 2019
who says going after SMBs does not pay? - Shopify has passed the $1 billion USD annual revenue mark, as announced in its fourth quarter and 2018 year-end financial report released Tuesday. Shopify’s
Okta getting into automation game as well, as these infrastructure SaaS companies keep growing, it’s a natural evolution - Box also getting into space
Jeff Haynie from Pinpoint (a boldstart portfolio c0) shares some great insights on how data science can help with eng performance
By Ed Sim
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