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Jake Tayler Jacobs Shares His Inputs on the Entrepreneurial Landscape Post the Pandemic

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The ongoing pandemic has thwarted the long-term plans of several types of businesses from different sectors. Jake Tayler Jacobs along with his team of consultants are working round the clock to map out the key struggles that these companies are facing and are more likely to face in the short-term. The team provides advisory services to help such companies grow and pivot to generate a consistent customer base.

History stands witness to the rise of innovation in business during times of crisis. Chinese e-commerce giant Alibaba.com was born during the upsurge of the SARS epidemic when shopping from offline retail stores dwindled to a minimum. Even the 2008 recession saw new ideas such as ride-sharing and apartment sharing to reduce per capita cost. We are now attuned to the likes of Uber and Airbnb. But going down memory lane will unravel the crisis that brought to light such innovation to the forefront. Founder of a global management consulting firm that serves private, public, and social business sectors, Jake Tayler Jacobs helps clients with growth in the areas of revenue, team training, automation, and marketing to ensure long term viability. Jake shares some of the insights on the future of entrepreneurship post the pandemic.

The future belongs to innovative business models

A public health scare of Covid-19 scale causes economic as well as psychological disruption. This leads to an inflection point where businesses try to outmaneuver the existing systems and processes to survive the crisis. If we believe in history repeating itself, then Covid 19 is also expected to bring massive transformation in businesses unthought of before. A recent study of more than 50 startups showcases the potential of innovation that crises like this have on emerging and existing businesses. According to Jake, the rise of online education is inevitable even post the Covid-19 vaccine is out. As the business model has proved to be moderately successful and students have adapted quite well learning from their laptops and tablets, this sector will become a mainstay in education. The use of technology wasmore like a facilitator that helped students learn better. The pandemic has turned technology into a lever to impart, assess, evaluate, and improve students’ learning curves. Another change that will set firmer foot in almost all businesses is the power of automation. Though automation has been the buzzword for more than a decade now, yet its capability to replace existing businesses that were operating successfully through manual processes has never been more realized before this pandemic. Thirdly, the mode of entertainment is expected to rebound with online streaming apps being used and enjoyed by movie buffs and series lovers. With movies premiering over OTT and flat screens dominating almost the majority of middle-class households, the need to go to theatres will be relegated to just an experience rather than a desire to catch up on the latest release. With data science governing the audience preferences, OTTs have been quite a hit to provide stress-relief doses with the most appropriate recommendation as per an individual’s history of viewership.

There is also a rapid transformation undergoing the supply chain ecosystem. Emerging players that incorporate new-age technology such as IoT, robotics, and blockchain to recreate a more advanced, connected, and well-coordinated supply chain ecosystem are bound to thrive in the post-Covid world. Ecommerce giants are partnering with such supply chain solution providers. Even the after-effects of remote working and isolation have created a niche for mental health apps that addresses your immediate needs by providing adequate support at scale.

Next steps

Jake is well-positioned to provide consultancy to emerging tech firms to become a competing and emerging finance, tech, and business development consulting firm. ” We are engaging with small business owners daily and can offer them solutions they need at a faster pace than these larger firms,” says Jake on how he is offering turnaround solutions to emerging businesses.

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Wiz will pay $450 million to acquire Cloud Remediation Startup Dazz

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Wiz revealed on Thursday that it will buy channel-focused company Dazz in an agreement to add cloud remediation capabilities to the vendor’s cloud and AI security platform.

With features like application security posture management and continuous threat and exposure management, Dazz provides a remediation-focused cloud security platform.

Jared Phipps, a seasoned cybersecurity industry executive who most recently worked for SentinelOne, was hired by Dazz in February as its CRO as the business sought to expand its collaboration with channel partners. Presidio, situated in New York, has been one of the key partners.

Dazz said in July that it has raised a $50 million round of funding, increasing its total funding since its 2021 launch to $110 million.

Dazz provides a “industry-leading remediation engine,” according to a post published on Thursday by Wiz Co-Founder and CEO Assaf Rappaport, which will allow Wiz to “empower security teams to correlate data from multiple sources and manage application risks in one unified platform.”

This is Wiz’s third purchase overall and its second acquisition of 2024 after the company’s April acquisition of cloud detection and response provider Gem Security.

Wiz, a four-year-old startup, reported in May that it had raised $1 billion in new capital at a $12 billion valuation, citing its continued strong development in the cloud and AI security areas. Annual recurring revenue (ARR) for the business reportedly increased from $350 million earlier this year to above $500 million.

After making a number of management additions aimed at facilitating quicker partner-driven growth, Rappaport stated in February that Wiz would prioritize its channel operations moving ahead.

I“In cybersecurity partners are super, super important in the success of a company. So we’ve always [seen that] this has huge potential for us to tap into. I think there is so much more we can do,” he stated at the time.

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ProRata, an AI startup, Teams up with UK Publishers after reportedly Hitting $130 Million in Valuation

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A number of well-known British media outlets have joined ProRata, an AI firm that claims to compensate publishers for the usage of their work, in its expanding network of partnerships.

The Los Angeles-based firm announced on Wednesday that it has signed licensing deals with publishers such as Sky News, the Guardian, and the Daily Mail’s publisher, DMG Media.

In a recent Series A funding round, ProRata raised $25 million from investors such as the Mayfield Fund, Prime Movers Lab, and Revolution Ventures.

“ProRata’s founder and CEO Bill Gross said his firm’s AI technology is the only one that pledges to credit and compensate creators, while providing users with accurate search results.

“We have had hundreds of content owners and media companies reach out to us from around the world who are interested in piloting our technology. Stealing and scraping content is not a sustainable path forward,” he continued.

Similar alliances have previously been formed by ProRata with the German publisher Axel Springer, the Atlantic, Fortune, Time, and Universal Music Group (UMG).

Media firms are offered reasonable compensation by ProRata for the use of their content. The startup’s in-house technology may determine the proper amount of pay by evaluating the worth of the information used to create responses from an AI platform. This would make it possible to pay copyright holders for their work on a per-use basis.

Gross had previously said that AI platforms have been using “shoplifted, plagiarized content,” which fosters an atmosphere in which “disinformation thrives and creators get nothing.”

Gross is recognized for having created the pay-per-click model of internet search monetization with his business, GoTo.com, which was eventually acquired by Yahoo! in 2003.

In a recent blog post, Tige Savage, a cofounder of Revolution, stated that Bill Gross is a serial entrepreneur with extensive experience in monetization techniques.

“He’s attracted a world-class tech team led by AI luminary Tarek Najm to implement the vision and an accomplished business team, including Annelies Jansen and Jonas Lee to drive content and AI partnerships,” Savage continued.

The unpaid use of copyrighted materials by OpenAI and other tech companies to train their AI systems has led to litigation from media companies and other content creators.

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Film Bazaar Unveils an Interactive Cinema App from an Indian Tech Startup

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Arjun Nittoor, the founder of the Indian technology firm Vireza, disclosed at Film Bazaar that the company is creating a new mobile application that would transform the experience of watching movies in theaters by enabling viewers to engage with the films in real time.

The technology, which was created wholly in-house at the company’s research and development department in Bengaluru, allows viewers to use their smartphones to vote on important plot points during the movie. To keep up with the current screening, patrons download an app before entering the theater and scan a QR code at their seat.

“The film industry is one of the few sectors where the audience experience has seen minimal technological disruption in theatres,” Nittoor stated. “While screen and sound quality have advanced and 3D has been partially adopted, the viewing experience has largely remained the same for decades.”

The screen automatically brightens to show voting options and dims again when choices are made. The system uses discreet phone notifications to encourage audience participation around every ten minutes.

In 2026, Vireza intends to introduce the technology with a full-length interactive movie that will be produced in both English and South Indian for international distribution. The business is presently in the development stage and will shortly start doing multiplex chain trial screenings.

CtrlMovie’s prior success in the interactive film industry was mentioned by Nittoor. CtrlMovie is well-known for “Traces of Responsibility” and “Late Shift.”

In order to overcome the difficulties in cinematography, editing, shot composition, and writing that plagued previous attempts at the format, the firm has spent five years creating what Nittoor refers to as “a new science of filmmaking” that is especially tailored for interactive cinema.

“Despite the proliferation of viewing devices, big-ticket films continue to draw massive crowds to theatres, with box office numbers higher than ever,”  Nittoor stated. “This demand underscores the potential for a meaningful technology shift that could draw audiences out of their homes and into cinemas.”

Other Asian businesses are likewise investigating audience-driven narrative in motion pictures. In February of the following year, Japan’s King Records intends to release “Hypnosis Mic – Division Rap Battle,” an animated interactive film.

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