Consumers have now shifted up to 11 percent of their shopping online and this means that the US needs to get rid of 11 percent of their physical stores, according to former Macy’s CEO Terry Lundgren. He says that overall the consumer is healthy and spending but that doesn’t mean that physical stores shouldn’t close to match supply and demand.
World View is pioneering new ballooning technologies to access space at less cost and more safely than rocket systems. The goal, according to World View CEO Jane Poynter, is to eventually take people into space. The company is already taking payloads via The Stratollite to near space and uniquely holding over an area of interest for days, weeks and even months.
Lance Armstrong says that he was one of the original Uber investors staking them $100,000 at a valuation of just $3.7 million. There are reports that Uber’s projected IPO will value the company at $120 billion. Armstrong wouldn’t say what percent of Uber he still owns but it is conceivable that his stake could be worth $1 billion or more today.
The CEO of Walmart Doug McMillion says that the company has a lot of work going on to change the company. He says that the company is becoming more digital and is changing how they work from within to get faster, more nimble, and adapt to what’s happening in retail.
IBM Resilient CTO and internet security guru Bruce Schneier takes a look at the security risks of the Internet of Things in his latest video. He brings up an interesting and rather disconcerting point, IoT devices tend to do critical things like turn on and off power or drive your car, so preventing hacking is even more critical with IoT than typical computers.
Cloud adoption is just in the very early days says Salesforce co-CEO Keith Block. He says that over the last few years we’ve been in a perfect storm of cloud and mobile and data science and artificial intelligence coming together that have given companies the opportunity to reinvent themselves and reinvent their business models.