Currently Viewing: Start-ups

Human resource departments and business recruitment agencies are well versed in the use of social media tools such as LinkedIn to identify and contact suitable employees based on text pasted into personal profiles. But once they have a candidate in their sights, how do they go about conducting further assessments without actually, or prior to, calling them in for an interview?

Startups come in all different sizes, types and flavours, but what better way to honor last week’s Earth Day (22 April 2016) than to take a look at those which focus on the environment and ways in which they can protect it and nurture it. From bees to the Internet of Things (IoT) to poaching, there’s a startup out there which is harnessing technology to transform ecology.

Research from TapInfluence and Influitive found that 92% of consumers turn to people they know for a referral, and Deloitte established that customers who come through word of mouth have a retention rate which is 37% higher than the norm.

 

Connectivity, internet access, technology and large measures of inventiveness and ingenious thinking have seen digital solutions designed to transform healthcare crop up all over the world. Many of these start-ups have focused on healthcare in rural communities, while others are disrupting the status quo, but all are forerunners in digital transformation and harnessing the capabilities of data.

In the first half of 2015 a third of all music revenue was generated by streaming services. This is according to the Recording Industry Association of America with the well-known streaming stalwarts of Spotify, YouTube and Pandora taking 33% of the tally. The British Phonographic Industry then released a figure which really underscored the roaring rise of music streaming: 11.5 billion streams in the first six months of 2015 versus the 14.8 billion for the entirety of 2014. Music streaming has become big business and it is also a fair playground for startups and entrepreneurs

Towards the end of February 2016, Team8 announced the closure of a $23 million strategic round of Series B investment. The new partnerships forged by the funding included AT&T, Accenture, Nokia, Mitsui and Temasek who will be joining other big names such as Cisco, Alcatel-Lucent, Bessemer Venture Partners, Marker LLC and Innovation Endeavours in playing a role in this company’s rapid ascent to cyber-stardom.

Tencent is the Chinese social network, chat software and gaming developer. The company has grown from a simple startup to the biggest revenue spinner on the gaming frontier, and is now one of the most successful companies in the world. Tencent sits in the number one position in the gaming market with regards to revenue, with a 21% increase year on year as of December 2015 and a fourth quarter earnings of $2463 million. The company earned more than $3 billion in smartphone game revenue in 2015 and is listed on Forbes as one of the world’s most innovative companies.

Every month we feature an exceptional undertaking in our Start Up Spotlight feature. This month’s AI social network will truly amaze you.