Apple Wants to Teach Your Kids How to Code for Free

While Elon Musk is racing for Mars, there’s another race happening in school systems around the world: the race to integrate computer science into their curriculum.

There are currently over 517,000 computer science jobs on the market, which is projected to grow at twice the rate of other jobs. Meanwhile, only 42,969 computer science students graduated into the workforce in 2016. Of the women graduating, over half received bachelor degrees in the biological sciences with fewer in the computer sciences (17.9%), engineering (19.3%), physical sciences (39%) and mathematics (43.1%), according to a report by the National Girls Collaborative Project.

It’s painfully clear that the US education system is falling behind when it comes to churning out more computer science job candidates.  teachers can capture a student’s interest in computer science, the more likely the child will pursue a career or higher education in this area.

To help with this effort, Apple has partnered with Code.orgs programming tutorials to offer free Hour of Code workshops at all 487 Apple retail stores worldwide, from December 5 through 11 in celebration of Computer Science Education Week.

“Since we started Hour of Code in 2013, Apple has each year upped its participation and found ways to introduce more kids to computer science,” said Hadi Partovi, founder and CEO of Code.org. “The global footprint Apple offers through its stores and talented staff has reached tens of thousands of kids, and with the introduction of Hour of Code in Swift Playgrounds we can introduce coding to even more.”

Another goal of the program is to entice more girls and minorities to become interested in coding. Women who are exposed to computer science in high school are ten times more likely to major in the subject and for Black and Hispanic students, they are seven times more likely to pursue this major, according to Code.org.

Swift Playgrounds by Apple

Swift Playgrounds by Apple

The workshop is designed for participants who have basic iPad skills and are new to coding. The program includes an introduction to Swift Playgrounds™, the free new app for iPad that brings coding to life. The interactive interface of Swift Playgrounds encourages beginners to explore working with Swift™, the easy-to-learn programming language from Apple, used by professional developers to create world-class apps.

In addition to in-store workshops, Apple has developed a series of tools to extend Hour of Code into schools and community centers, including a free facilitator guide offering lesson ideas, group activities, and more. Apple Teacher, a free professional self-paced learning program supporting and celebrating teachers in the US, has added resources, badging and recognition for learning and teaching coding with Swift Playgrounds on iPad.

While kids are the main focus of the program, Apple and Code.org also encourage parents who want to learn code to sign up and work along side of their child. Sign up at Apple.com and click on the Hour of Code.

This article originally appeared at: http://tech.co/apple-wants-teach-kids-code-free-2016-11

Formula One champion Nico Rosberg announces retirement

Quitting at the top, Formula One champion Nico Rosberg shocked the world of motor racing Friday by announcing he was retiring at the age of 31, five days after earning his first world championship.

“I have decided to end my Formula One career. I had a very, very clear dream, that was to become Formula One world champion. I have achieved this childhood dream now and I am not willing to do that sort of commitment again,” Rosberg said in Vienna.

“So I have decided to follow my heart, and my heart has told me just to stop there, to call it a day.”

Rosberg said he made the decision on Monday, a day after finishing second at the season-ending Abu Dhabi Grand Prix to clinch the F1 title.

“I am on the peak, so this feels right,” he said.

He wrote on Facebook of the difficulties he faced over a season that took a toll on people close to him: “It was a whole family effort of sacrifice, putting everything behind our target.”

Rosberg had a strained relationship with Mercedes teammate Lewis Hamilton. They came up through the karting circuits to became fierce rivals in F1, constantly needling each other in the media. They dueled for the F1 championship for the last three years. Rosberg was runner-up to Hamilton in 2014 and 2015, but hung on this year to relieve Hamilton of the title in the final race.

Rosberg’s father, Keke, the 1982 F1 champion, said after watching his son in Abu Dhabi that the strain of fighting Hamilton was sapping him.

“I don’t know how much it’s taken out of him,” Keke Rosberg said on Sunday. “Maybe he retires tomorrow.”

All observers thought that was a quip. Mercedes said on its website that Rosberg “will stop racing in Formula One with immediate effect.”

Rosberg said it had been his dream, “my ‘one thing’ to become Formula One world champion. Through the hard work, the pain, the sacrifices, this has been my target. And now I’ve made it. I have climbed my mountain.”

In an online video, the German said: “I’m not willing to do it again next year.”

Rosberg won 23 races (tied for 12th all-time) and 30 pole positions (8th) from 206 races since his debut in 2006.

He began thinking of retirement after winning in Suzuka in early October, “when the destiny of the title was in my own hands.”

Mercedes chief Toto Wolff paid tribute to Rosberg for making a “brave decision.”

This article originally appeared at: http://www.usatoday.com/story/sports/motor/formula1/2016/12/02/formula-one-champion-nico-rosberg-announces-retirement/94806716/

Students Have Made Martin Shkreli’s $750 Drug in Their Chem Lab for Just $2

Last year, hedge-fund manager Martin Shkreli made headlines for all the wrong reasons when he bought anti-parasitic drug Daraprim and jacked up the price overnight from $US13.50 to $750 a tablet.

To prove how much of a dick move that was, a group of high school students in Australia has now created 3.7 grams of Daraprim’s active ingredient in their chemistry lab for just $20 -an amount that would sell in the US for between $35,000 and $110,000 at the current rate charged by Shkreli’s company.

For perspective, a tablet’s worth of the students’ medicine costs just $2 to make, as opposed to the $750 Shkreli’s company Turing Pharmaceuticals sells it for in the US (the company cut the drug’s price by 50 percent for US hospitals following the backlash, but didn’t change the cost for private patients).

Daraprim is on the World Health Organisation’s list of essential medicines. It’s an anti-parasitic medicine that’s used to treat infections such as toxoplasmosis and malaria, particularly in those with low immunity, such as people with HIV, chemotherapy patients, and pregnant women.

The Sydney Grammar School students have been trying to synthesise Daraprim’s active ingredient as part of an after-school chemistry program ever since the price increase was announced in September last year.

“Working on a real-world problem definitely made us more enthusiastic,” one of the students, 17-year-old Austin Zhang, told The Sydney Morning Herald.

“The background to this made it seem more important,” added fellow student James Wood.

The students were working with University of Sydney chemist Alice Williamson through an online research-sharing platform called Open Source Malaria, which aims to use publicly available drugs and medical techniques to treat malaria.

To make Daraprim’s active ingredient -known as pyrimethamine -the boys started with 17 grams of 2,4-chlorophenyl acetonitrile, which can be bought online for around $36.50 for 100 grams.

But they had to find a new way to manufacture pyrimenthamine from the raw ingredients, seeing as the patented method was too dangerous for their high school chem lab.

“We couldn’t use the patented route as it involved dangerous reagents,” said the students’ chemistry teacher, Malcolm Binns.

Instead, they’ve spent the past 12 months finding their own, safer way to create the drug. Last week, they finally successfully synthesised 3.7 grams of pyrimethamine (pictured on the right below).

1480476389615 1University of Sydney

Its purity was confirmed using a spectrograph by Williamson, and the team presented their results at the Royal Australian Chemical Institute NSW Organic Chemistry Symposium on Wednesday.

“It’s one of the most beautiful spectrographs I’ve ever seen, actually,” Williamson told The Sydney Morning Herald. “That’s about $US110,000 worth of the drug.”

But while the drug is still incredibly expensive in the US, in most countries, including Australia, it’s available for around $1 or $2 per tablet.

That’s because the drug is out of patent, but Turing Pharmaceuticals controls its distribution in the States through a loophole called the”closed distribution model‘.

That means for a competitor -such as the students’ new drug -to be able to be sold on the US open market, it would have to be compared in trials to Shkreli’s product.

But if Shkreli didn’t allow those comparisons to take place, creators of the new drug would have to fund a whole new clinical trial from scratch -something that can cost millions. So you can see why they don’t have any American competitors.

But the students’ main goal in all of this wasn’t to sell their drug -it’s simply to show that it could be created for a lot cheaper than Turing Pharmaceuticals is selling it for, and hopefully inspire other manufacturers to try their new technique, which has been published in full online.

You can read the full process that the students used over on the Open Source Malaria Consortium, and if you’re exceptionally keen, you can try make it yourself in your nearest high school lab.

 Read more articles from Science Alert

References: Science Alert

This article originally appeared at: https://futurism.com/students-have-made-martin-shkrelis-750-drug-in-their-chem-lab-for-just-2/

Japan’s first new geothermal power plant in 15 years to open next month

Japan’s first new geothermal power plant in 15 years to open next month A new chapter in Japan’s energy industry begins when a new geothermal power plant taps into the nation’s famed seismic activity -opening the floodgates for dozens of similar projects across the country

The government is monitoring the potential geothermal power boom, with recent media reports that more than 60 spots around the country are currently being tapped by businesses and officials as possible sites for plants. 

Japan’s first new geothermal power plant in 15 years will open next month, heralding the start of a new chapter for the nation’s nuclear-hit energy industry.

Social Media – The Key to Blogger Outreach

As Social Media platforms continue to grow and evolve as a communication medium, so too are marketing opportunities expanding. The latest trend in social media marketing is blogger outreach, otherwise known as influencer marketing.

So how do you make the most out this novel trend?

What Is Blogger Outreach?

It makes sense that we start off by looking at what blogger outreach actually is, and why it’s such an important marketing tactic.

Blogger outreach means coming into contact with already established social media personalities and asking them to promote your business. In a sense, it’s not much different than bringing in any notable celebrity to support your brand.

Influencer marketing, however, is different in that you can reach very niche audiences. Each community has a number of bloggers they follow, based on the field these bloggers work with. These fields can range from popular culture in general to astronomy, or just a specific set of gadgets.

It is more important than ever to create a strong network as recommendations are the most effective marketing strategy in our era of technology. The public is researching the products or blogs they want to adopt in their lives. They read reviews on popular websites about your blog before deciding to connect with you.

This makes blogger outreach an extremely powerful marketing strategy. But it’s also trickier than other traditional marketing strategies. Bloggers are not like your conventional celebrities.

Influencers maintain their audience’s loyalty by providing them with their own, unbiased opinions. Some influencers might be skeptical about working with a company since this can jeopardize their credibility.

The relationship between a blogger and company tends to be much more personal. This new wave of influencers doesn’t usually have a team of PR experts backing them up and helping them manage their public image. You’ll probably have to discuss with them one on one. This can be useful since you can address their concerns directly and bring in a personal touch to your conversation.

This approach worked very well for the whisky brand, Lagavulin. They asked Nick Offerman to promote their product. Together they created the #MyTalesofWhisky campaign.

The campaign seemed to be crafted around Offerman’s dry, manly-man persona, rather than around the product. This campaign managed to promote both Lagavulin and Offerman’s powerful character, by creating a series of stories that centered around his own interests, and featured Lagavulin as part of the setting.

On the other hand, they might not be so adept at spotting PR opportunities. And they also have to worry about the integrity of their online persona. And this usually tends to come first on their list of priorities. So you have to handle the whole process of blogger outreach with care.

How Do You Tap Into This Trend?

Now that we’ve seen what blogger outreach presupposes, we can move on to look at some of the ways influencers can be approached, and how a successful blogger outreach can be carried out.

Discover the Influencers in Your Field

As we’ve mentioned, bloggers operate in all sorts of fields. To get the most out of your influencer marketing campaign, try to target bloggers operating within your field.

To do that, you can join Facebook groups and follow popular people on Twitter that are related to your field. Use the power of Google to discover the people whose online presence inspires their public to improve their lives or evolve in the field you are writing about.

You can find influencers starting the other way around. Look for what posts are shared and who’s sharing them to see which bloggers are popular in your field.

Those people are your influencers. Pay attention to not confuse these influencers with your competition. Make sure they are known in your field, but they tackle different and contiguous issues or problems.

Influencers that have a lot of followers would be preferred since you get the chance to promote your business to a wider audience in one go. But it can be difficult to reach them since they are most likely swamped with offers.

On the other hand, there are some advantages to approaching a larger number of smaller influencers, or micro-influencers. Even though their audiences might be limited, fans of less known bloggers tend to be much more loyal. They are more likely to listen to their opinions and take them to heart.

A recent study showed that there is an inverse correlation between an influencer’s reach and the rate of customer engagement. That is, the more people followed an influencer, the less they engaged with them.

Preparing for the Conversation With Influencers

http://depositphotos.com/38643845/stock-photo-business-man-looking-for-employees.html

Though bloggers are now quite used to discussing with marketers, and setting up influencer campaigns, bear in mind that is not their main job. So when approaching a blogger, you need to convince them that your brand is worth promoting.

  • Start by researching social profiles of targeted influencers.
  • Find out what they are passionate about besides your common field.
  • Interact with them for several weeks by commenting on their posts with witty and out of the box replies. Or you can share their posts and thank them for their insights to get noticed.

At this stage, it’s important to establish the voice of your brand. You’ll want to maintain a consistent brand persona, while still adapting your conversational style to each of the bloggers you are reaching out to.

This means that, if your brand tends to favor a more mature and professional style, you shouldn’t start using millennial buzzwords all of a sudden, in the hopes of reaching out to a younger audience.

Likewise, if your brand markets itself towards a younger audience, you shouldn’t try to change that tone to appeal to a professional, mature influencer and their followers.

It’s best to choose an influencer based on common interests, and common tone and approach as well.

Using an inconsistent brand voice on social media can look very bad because everything is recorded and easy to share.

Customers are going to spot the inconsistencies, and as a result, your brand’s image will be hard to understand. Or it might look like you don’t really have a brand at all. At any rate, many find brand inconsistencies quite frustrating.

You can also use this opportunity to breach the gap, and promote them on your own social media pages, or blogs.

Show them that you value their opinion before you ask them to promote your products. It doesn’t affect your business in any way, and it sends a positive message to your future promoters.

You can do this by sharing their posts, thanking them for their insights or even asking them for expert quotes for your future content.

Getting a scoop on the latest trends can also help you prepare your own social media presence. When approaching a blogger, you need a website that looks credible, even if you’re just starting out. The insights you gain by researching influencers in your field will help you spruce up your social media pages.

As part of this research process, you can also look at past blogger outreach campaigns and see what you can learn from them. You should adopt the personality of the influencer you’re targeting but a little bit of extra insight can’t hurt.

Strike Up a Conversation With Social Media Influencers

Once you’ve established a connection between your brand and the influencers you want to reach out to, it’s time you actually speak to them directly.

Before you do that, you should make sure they’re actually up for it.

Springing an offer to them out of the blue can be off-putting and it ruins your chances of bringing them on board.

You should also try to reach out to influencers through social media chats. It is more straightforward than the e-mail, and it is another impersonal way to communicate in real time. Apps like Facetime and other video chat apps can help you put a face and voice to your brand so that influencers will feel more at ease working with your company.

Just make sure it’s not too intrusive for them, and always ask beforehand how they would prefer to communicate with you.

Don’t focus your entire conversation on the lucrative business opportunity on hand. Bloggers are people, and that’s what you should be focusing on. Social media is a very relaxed environment, and one of the main benefits of promoting your business here is that you can breach the gap between your brand and your potential customers.

This should be your main focus, and you should state it clearly from your very first conversation with the influencers you’ve chosen to approach.

Create a Personalized Offer for Them

imagesm3

Sometimes influencers will be so enthusiastic about your products they will promote them just for a free sample. But bloggers are businessmen as well, and their influence is the main product they have. So you’ll have to sweeten the deal to get them to promote your product.

The image above shows the conversation between several travel bloggers who were approached by Diamond PR on behalf of Marriott. The bloggers were each given the opportunity to travel to a different region of the world, in pairs, and then speak about their experience. The travel destinations were tailored to the interests of the bloggers. Plus, it provided them with more content for their own blogs.

Sometimes influencers will be happy to take money in exchange for a promotion. However, some may feel that this can tarnish their integrity, thus losing their audience’s trust.

The best way you can convince influencers to promote your business is by creating personalized offers. You can discuss the products or services you have and see which one appeals to your influencer of choice and their audience.

You can also work on cross-promoting your blogs and social media pages and focus on creating a professional relationship and keep them updated with your latest work while they do the same. They can mention your work and recent studies in many of their articles while you do the same. After all, you do have same interests, yet different approaches.

This kind of cross-promotion is very popular, and it benefits everyone involved.

To make this work, however, you need to boost your own social media presence. Otherwise, bloggers might feel like they’re getting the short end of the stick. Still, investing in a strong online presence is always a plus, and if you can boost it even further, that’s even better.

Working on creating personalized offers can also expand the range of products you have. If the influencers you’ve tapped agree with it, you can name certain packages after them. You can use their endorsement to promote further these products and maybe even send a couple of clients back to their blogs as well.

Keep This Blogger Network Constant

If you have not heard of them in a long time, follow up with them via social platforms.

If you neglected them for a while due to personal issues, reach out to them again and ask them to update you with the latest news in your common field.

Keeping this social media dialogue going is essential to the success of influencer marketing. You want your brand to become part of that community. If you’re products fade out of the conversation, leads might soon forget about it. Or they won’t return to your business as often as they could simply because they don’t know the latest news.

Take for example Red Bull’s partnership with Felix Baumgartner. In 2012, his epic skydiving video became one of the most popular videos of 2012, and, subsequently one of the best influencer campaigns. But the viral video quickly faded from memory, as it didn’t really have a follow-up. Once the novelty of the act wore off, there wasn’t much to say about it.

Remember that social media is a very dynamic place where trends and opinions can change completely overnight. All of the social media attention you’ve gained through one successful blogger outreach campaign can go away if you don’t follow up on it.

You can create a kind of hub around your product. Encourage a dialogue between multiple bloggers over your product.

As an example, you can look at the “Let’s Play” phenomenon.

There are many Youtube channels dedicated to influencers playing video games for a large audience. One of the most popular influencers in this medium is Pewdiepie, with over 13 million subscribers. These videos started out as reviews of video games (and to a certain extent gaming hardware) and became an entire genre in and of itself.

You can try to make your brand more appealing to younger generations by setting up challenges surrounding your products or services.

One of the most popular viral challenges was the ALS Ice Bucket challenge, that combined entertainment with a noble cause to reach out to its audience. These sort of contests help bloggers share their audiences and keep them entertained. At the same time, you can keep your own product in focus, without forcing it into the conversation.

You can also promote your influencers future endeavors without necessarily placing your product at the heart of it all. You can sponsor a project of theirs or a web series and just ask them to mention your brand while they’re at it.

American Express created a very successful campaign by partnering with Putnam Flowers. The company sponsored their trips around the world sourcing flowers, while the florist duo posted pictures of their trips on the company’s Instagram account.

The more natural the promotion seems, the more likely it is to gain positive attention. And the easiest way to do that is via social media since these platforms are all about sharing little insights into our daily lives.

One very important point here is that you shouldn’t get too aggressive on follow-ups. If your blogger has decided to stop promoting your products for whatever reason, you shouldn’t badger them into it. This can be very bad your brand. Word spreads fast through social media. And that can be harmful in some instances.

Blogger outreach will soon become one of the most powerful tools in a marketer’s arsenal. It’s going to help brands and customers connect like never before, and it will help businesses stay in touch with the needs of their clients.

Dustin Ford is very passionate about marketing and social media. He started writing about these topics and now he gathered some attention from the online community. He works on becoming a real influencer in this field and getting recognized and valued for his opinions.

dave

Dave is the Co-Founder of Ninja Outreach and has a passion for digital marketing and travel. You can find him at @ninjaoutreach and dave@ninjaoutreach.com.

How IoT is making IBM’s Smart Planet platform smarter

Chris O’Connor, IBM’s General Manager for Internet of Things Offerings, has been involved with connected devices for almost 25 years. As a result, he has a unique view on the emergence of the Internet of Things (IoT), what it means for the future, and what we can learn from previous generations of technology.

ReadWrite sat down with him as he prepared for IoT Slam to hear more and what he plans to talk about at the event.

ReadWrite: So as the General Manager for IoT, what does this mean for IBM?

Chris O’Conn0r: So for us at IBM it’s been a journey of experimenting with the IoT data, all these connected assets, And the early work that we did around Smart Planet. It proved that it was controlled, but the ability to do it in mass wasn’t quite there yet, and now we move to where we are today which is sensors are cheap,  connectivity is easy given Bluetooth, Wi-Fi, low power long range capabilities, and cellular capabilities in abundance. As well as now the cloud is an accepted way to work both in both a public, private, and local fashion.  And analytics are ruling the day in terms of being able to provide value and information, and thinking engines are now emerging as a way to understand the patterns and the variances of how well this data actually comes together.  So you think about all this technology as the perfect storm and now these capabilities are becoming very affordable and can make the internet of things and its wealth of data actually processable by the average enterprise, company or corporation. 

RW: And that process is really important because the first way of IoT was sort of everyone running around the hooking sensors and then putting data streams onto everything they could find and it’s great I got these huge pile of data -okay, now what?  And now you got to figure out how to take all that data and actually turn to insight and actable business information. 

CO:  That’s correct.  We think our clients need to think beyond the connection of the device. Fundamentally we see three types of the business that our clients strive for. The first is around operations and maintenance and product life cycle. This is driven by devices and I know whether it’s healthy, whether it’s well, whether it’s on, whether it’s off, whether it’s broken, whether it’s fixed. And I can more efficiently maintain that device to make something better for my enterprise if I know this.  So many of the clients we work with can pay for the experimentation of an IoT system just by savings they get being able to change that equation. 

Chris O'Conner, IBM General Manager for Internet of Things Offerings

Chris O’Conner, IBM General Manager for Internet of Things Offerings

The second pattern that we see is people talking to their clients. So many companies actually don’t really connect directly with their clients. They make devices, they put them into distribution channels, distribution channels, and then a retailer sells it. The manufacturer is not working with the client, it’s the retailer that actually talks to the client about the plus and minus of that particular product being sold.  So with a connected device, the customer hooks it up and the manufacturer now has a direct connection for the first time and that’s a huge advantage.

And then there’s a third area,  just fundamentally watching all this information about how your products are being used. So, for example, you can change your warranty, so instead of saying a warranty is 36,000 miles for three years, you can have a warranty that says, if you drive your car into these cities and these geographies your warranty as this long. Or if you drive your car in these cities and these geographies, or if the car is exposed to salt and snow, you’d really re-invent your business and the service that you sell at the same time.

RW: Do warranties even exist in five years? I mean if you’re building predictive models then you can sell products not as assets, but one with use case scenarios. If I’m selling tires and I had this information of where you live and whether there’s salt on the road and whether it’s at altitude, maybe I sell this product as a service and the idea of a warranty goes away. 

CO:  I think that’s right.  And the real benefit here is your predictive models get to account for all kinds of different variabilities and you get to also take the learnings from those predictive models to instantly tell other devices about it at the same time.

And so it’s an individual process of learning, if you think of a car driving down the road with a certain set of conditions and then flips it can instantly tell all other cars about that flip and they can also account all other cars what to watch out, those cars now can watch, learn and take action instantly based off the knowledge of that first car.

RW: And I love that because I think that’s where cognitive computing takes off when you start seeing the data pools overlap on each other and learning from each other and that’s when cognitive computing just kind of explodes. 

CO:  Well, if you think about why we bought The Weather Company, it’s to be able to have that additional processing. And in the environment are other devices and then the context of weather plays into the variability of what should take place, so having learning points we think are the key aspect of IBM’s start with IoT.

RW: Of course, with everything has been going on recently with all this data and all these sensors, over the last couple of weeks all of a sudden security is right back in the public eye.

CO:  If you think about security with IoT, we’ve solved this problem before. We solved this problem several times at the data center, we solved it when we went to client-server, we solved this problem when we started introducing cloud technologies inside the data center. But what you have going on right now is you have an end point. Some do simple things like a sports watch that simply transfers your heart rate, some do incredibly complex things like a car driving down the road or an airplane up the sky, and they require incredibly complex types of interaction. 

RW: But the thing about that is you’re saying we’ve solved this before, but we now have people entering this market who don’t have a data legacy, so the problem with IoT is people connecting devices who don’t have that background and don’t realize the implications.

CO:  That’s right. So if you’re going to be connecting your device you need to do a little business security pattern work even if it is something that seems non-threatening. You have to think that if you are putting together this system and you’re getting ready to sell something that you buy from suppliers, you need to sit down and map it out. Am I going one-way, am I going the two-way with my data, am I storing anything, do I take any personal information, where does that go? You actually need to kind of write the things down each step of the way.  And we will learn as an industry and that’s part of the growth, unfortunately, but it’s part of the growth. 

RW: So based then on people learning, what do you going to be talking about on IoT Slam?

CO:  So IoT Slam, it’s a great time because it’s such a wonderfully diverse set of people from individuals to educational institutions to systems integrators to device manufacturers.  We’re going to talk about some of the trends and directions we think are relevant around the IoT and we’re going to talk about some of the technologies that relate to business use cases around security, around usage of things like blockchain,  around usage of the IoT platform and what is that do for you if you use one. Why do you want to use one versus putting one together, maybe, yourself and so we’ll talk a little about trends and directions and some best practices we see and generally use it as a way to seed the discussion for what we hope is  really good forum and opportunity to get people to talk as individuals and groups around the internet of things.

Tags: analytics, cloud, featured, IBM, IoT, IoT Security, top, Trending

This article originally appeared at: http://readwrite.com/2016/11/29/ibm-and-internet-of-things-dl1/?utm_campaign=coschedule&utm_source=twitter&utm_medium=RWW&utm_content=How%20IoT%20is%20making%20IBM%27s%20Smart%20Planet%20smarter

Patagonia brought in $10 million on Black Friday — and will donate it all

Ochen Thoughts: This is the kind of social good that we hope other companies take note of, and follow!

Patagonia’s Black Friday sales hit $10 million this year– five times what it had expected.

More significantly, the retailer is donating 100% of it.

Just before Thanksgiving, the company pledged to give away the sales it brought in on one of its biggest shopping days of the year. The company said it was expected pull in about $2 million in sales at both its 80 global stores and Patagonia.com but blew past its own estimate many times over.

The $10 million will go to grassroots environmental groups fighting to protect vital natural resources like water, air and soil.

“We’re humbled to report the response was beyond expectations…. Patagonia reached a record-breaking $10 million in sales,” the company said in a statement. “The enormous love our customers showed to the planet on Black Friday enables us to give every penny to hundreds of grassroots environmental organizations working around the world.”

patagonia store

Patagonia’s effort isn’t entirely out of character for the brand. The firm already donates 1% of its daily global sales to environmental organizations, which amounted to $7.1 million in its latest fiscal year. This was a pledge the company made in 1985.

Wind and Solar Are Crushing Fossil Fuels

Wind and solar have grown seemingly unstoppable.

While two years of crashing prices for oil, natural gas, and coal triggered dramatic downsizing in those industries, renewables have been thriving. Clean energy investment broke new records in 2015 and is now seeing twice as much global funding as fossil fuels.

One reason is that renewable energy is becoming ever cheaper to produce. Recent solar and wind auctions in Mexico and Morocco ended with winning bids from companies that promised to produce electricity at the cheapest rate, from any source, anywhere in the world, said Michael Liebreich, chairman of the advisory board for Bloomberg New Energy Finance (BNEF).  

“We’re in a low-cost-of-oil environment for the foreseeable future,” Liebreich said during his keynote address at the BNEF Summit in New York on Tuesday. “Did that stop renewable energy investment? Not at all.”

Here’s what’s shaping power markets, in six charts from BNEF:

Renewables are beating fossil fuels 2 to 1

Investment in Power Capacity, 2008-2015
Investment in Power Capacity, 2008-2015
Source: BNEF, UNEP

Government subsidies have helped wind and solar get a foothold in global power markets, but economies of scale are the true driver of falling prices: The cost of solar power has fallen to 1/150th of its level in the 1970s, while the total amount of installed solar has soared 115,000-fold. 

As solar prices fall, installations boom 

450x-1.png
Source: BNEF

The reason solar-power generation will increasingly dominate: It’s a technology, not a fuel. As such, efficiency increases and prices fall as time goes on. What’s more, the price of batteries to store solar power when the sun isn’t shining is falling in a similarly stunning arc. 

Just since 2000, the amount of global electricity produced by solar power has doubled seven times over. Even wind power, which was already established, doubled four times over the same period. For the first time, the two forms of renewable energy are beginning to compete head-to-head on price and annual investment.  

An industry that keeps doubling in size

Renewables' share of power generation. Scale is shown in doublings. 
Renewables’ share of power generation. Scale is shown in doublings. 
Source: BNEF

Meanwhile, fossil fuels have been getting killed by falling prices and, more recently, declining investment. It started with coal—it used to be that lower prices increased demand for fossil fuels, but coal prices apparently can’t fall fast enough. Richer OECD (Organisation for Economic Co-operation and Development) countries have been reducing demand for almost a decade. In China, coal power has also flattened. Only developing countries with rapidly expanding energy demands are still adding coal, though at a slowing rate. 

Coal phases out in wealthier countries first

450x-1.png

What does that look like on a country-level basis? The world’s first coal superpower, the U.K., now produces less power from coal than it has since at least 1850. 

Canary in the coal mine: U.K.

Source: BNEF
Source: BNEF

More recently it’s the oil and gas industry that’s been under attack. Prices have tumbled and investments have started drying up. The number of oil rigs active in the U.S. fell last month to the lowest since records began in the 1940s. Producers—from tiny frontier drillers to massive petrol-producing nation-states—are creeping ever closer to insolvency.  

“What we’re talking about is miscalculation of risk,” said BNEF’s Liebreich. “We’re talking about a business model that is predicated on never-ending growth, a business model that is predicated on being able to find unlimited supplies of capital.”

The chart below shows independent oil producers and their ability to pay their debt.1 The pink quadrant at the bottom right represents the greatest threat to a company’s solvency. By 2015, that quadrant starts to fill up, and Liebreich warned, “It’s going to get uglier.”

U.S. oil patch heads to the insolvency zone 

Source: BNEF
Source: BNEF

Oil and gas woes are driven less by renewables than by a mismatch of too much supply and too little demand. But with renewable energy expanding at record rates and with more efficient cars—including all-electric vehicles—siphoning off oil profits at the margins, the fossil-fuel insolvency zone is only going to get more crowded, according to BNEF. Natural gas will still be needed for when the sun isn’t shining and the wind isn’t blowing, but even that will change as utility-scale batteries grow cheaper.  

The best minds in energy keep underestimating what solar and wind can do. Since 2000, the International Energy Agency has raised its long-term solar forecast 14 times and its wind forecast five times. Every time global wind power doubles, there’s a 19 percent drop in cost, according to BNEF, and every time solar power doubles, costs fall 24 percent.

And while BNEF says the shift to renewable energy isn’t happening fast enough to avoid the catastrophic legacy of fossil-fuel dependence—climate change—it’s definitely happening. 

  1. The y-axis shows the the ability to pay debt interest from earnings, and the x-axis shows how much a company is leveraged (debt to capital). The size of the circle represents the amount of debt held by each company. 
This article originally appeared at: http://www.bloomberg.com/news/articles/2016-04-06/wind-and-solar-are-crushing-fossil-fuels