Food for All

By: Sunny Zhao

If you’re hungry late at night and want to get something to eat at a great price, Food for All might have just the solution.

Restaurants frequently find themselves throwing out otherwise perfectly fine food at the end of the day. Over time this results in huge food waste costs. Food for All is a startup that is trying to address this issue by providing a way for restaurants to save money and offer customers last-minute meals at cheaper prices.

Food for All has created an app where customers can buy and pick up unsold food from restaurants for at least 50% off. This pickup window is usually one hour before the restaurant closes. David Rodriguez, the CEO of Food for All, has said that this new platform will provide extra revenue to restaurants, help the environment by reducing food waste, and it’s an awesome way for people to get great deals on delicious meals.

food for all 2

They’ve partnered with over 200 restaurants in the Greater Boston area and NYC. Some of these restaurants include: Boloco, Chicken & Rice Guys, Red Apple Farm, El Jefe’s Taqueria, Persi Pies, and Tom’s Bao Bao.

food for all 3

Beginning in 2016, Food for All has grown rapidly. They raised $50,000 in a Kickstarter campaign which demonstrated major public support for their mission. The startup has also participated in the MassChallenge and last October they took home the grand prize at HUBweek’s Demo Day Pitch Competition, winning a check for $10,000. They are currently working on their seed round funding which will likely close in the next few months.

What’s in Store for 2019

 

With the new year comes new opportunities and BizTech has been hard at work preparing for a busy semester full of events and workshops. On the very first day of classes we hit the ground running with Accenture. They came in and told us more about their internship programs for this coming summer. Next month we’re touring the Google Campus and participating in one of their design workshops. It’ll be an awesome chance to get a behind-the-scenes look at the creative process of how Google creates new products. Something new this semester, we’ll also be holding workshops on Salesforce and Tableau. These are two essential skills that are highly sought after in the workforce today. Now we’re just getting started, there are many more exciting events planned for the future.

If you haven’t already, be sure to sign up for our mailing list here so that you’re always up to date on our plans.

We look forward to seeing you soon!

Bitcoin and Its Possible Impact on Insurance

This article was originally published on HoganInjury.com

Many technological strides have been made over the last couple of decades. Advancement in technology is becoming faster and faster as each year passes by and many technologies to improve work efficiency, communication, and even financial services are being discovered and used every day. Technology has made the world smaller in a good way; we are now able to talk to family and friends from across the globe without having to spend too much money or wait too long for a reply. International financial transactions have also become more straightforward and hassle-free.

One of the significant technological strides in the financial sector is the invention of bitcoinBitcoin is a new type of currency which can be used in financial transactions without the need for a middleman (usually banks). Bitcoin was invented back in 2009 and has been gaining popularity since then, reaching an all-time high worth $ 17,900 on December 15, 2017.

Here are some of the benefits of using bitcoins:

1. Anonymity. – Bitcoins can be used to buy merchandise anonymously. In this time and age where privacy has become a critical factor to be considered when you’re connected to the Internet, being able to transact anonymously presents a very inviting option for many people.

2. Easy international transactions. – Because bitcoin is not tied to any country or is subjected to regulations, global payments and other financial transactions are easier, and a lot more affordable than traditional international banking systems where fees still need to be paid and transactions may take time to be completed.

3. Cost. – Small businesses may prefer bitcoins since there is no credit card fee that they would have to pay the bank. Online stores from across the world could also gain more profit by using bitcoin instead of other online payment methods like Paypal where there are charges for currency conversion and additional fees.

4. Investment. – People may also get enticed by the history of bitcoin price. Because of the recent rise in bitcoin prices, a lot of people have begun thinking about investing in bitcoin as a form of long-term investment.

Bitcoins are stored in a digital wallet which could either be on a cloud or your computer. Digital wallets serve as your bank account which allows you to send or receive bitcoins, pay for bitcoin transactions, and save or store your bitcoins for future use.

No one can predict how bitcoin can affect world finance and economy in the long run, but judging by its practicality and its current popularity, it may be here to stay for a while. Bitcoin may even revolutionize the way that the insurance industry works. Without the need for banks to act as middlemen, insurance claims would be paid out more efficiently and promptly. There may also come a time when you wouldn’t need to pay for a monthly premium; with the help of GPS technology in conjunction with bitcoin technology, your vehicle’s movement can be tracked, and you would just have to pay for the times when your vehicle is in use. These are just assumptions but very well may be the future with bitcoins.

Having trouble with your auto insurance claimContact Hogan Injury.

None of the content on Hoganinjury.com is legal advice nor is it a replacement for advice from a certified lawyer. Please consult a legal professional for further information.

(Link to original article: hoganinjury.com/bitcoin-and-its-possible-impact-on-insurance/)

An Inflection Point – Harvard Business School

By: Dennis Karpovitch

Over the past few weeks, BizTech members have had the chance to attend a few different conferences that offered insights into innovation and emerging technologies. Here’s what they saw!

An Inflection Point – Harvard Business School

HBS

In October, BizTech had the chance to attend Inflection Point, the annual Technology Conference at Harvard Business School. During the Opening Keynote, Andy Ellis, Chief Security Officer of Akamai, discussed the importance making smart decisions for internet security and risk management in the digital world. Andy talked about the OODA loop, a process map he created for addressing all the critical checkpoints in making a decision. The loop starts with the observation a problem; this is driven by attention and fast information flow that allow a person to establish the urgency or novelty of a situation. Next, process models allow individuals to orient themselves by establishing a context and framing expectations for the future. In making a decision, the executive position must be willing to take on the risk associated with obscure costs and complex returns. After choosing the best option, coordinated action is necessary to carry out the decision effectively. The OODA loop can be an effective tool in solving complex problems and can help teams be more cohesive in their decision making.

HB2

During a live video presentation, Kim Scott, author of Radical Candor, talked about the qualities a good leader should have when forming relationships with their employees and building teams. Based on her professional experience, Kim argues that the most effective way to solve problems is by operationalizing good feedback. Her framework assesses feedback based on two key metrics: inclination to care personally and to challenge directly. The “care personally” dimension is based on an individual’s orientation to others and their propensity to “give a damn.” The standard of professionalism in today’s business environment often breeds an apathetic environment that can degrade people through office politics. However, radical candor allows an individual to bring their whole self to work and ultimately stimulate an environment where everyone can show their true selves. The ability to “challenge directly” dimension is rooted in a person’s “willingness to piss others off.” Many of us have a moral obligation to challenge people when we see them making a mistake, but failing to be mindful can appear as obnoxious or aggressive. If feedback lacks personal care and a direct challenge, it can translate into manipulative insincerity through passive aggression, false apologies, and political backstabbing. More commonly we see that leaders care too much personally without challenging directly enough. This can turn into ruinous empathy when a leader does not hold an employee accountable for their shortcomings. Radical Candor means challenging directly while showing that you care personally and it will help any team to work their best.

Throughout the day, the conference also broke out into various panel discussions on topics such as 3D Printing, Autonomous Vehicles, Machine Learning and Artificial Intelligence, Cryptoassets, Venture Capital, Augmented Reality and more! The conference highlighted the increased influence that technology has had on our lives, especially in the face of recent scandals at big tech companies. Staying true to its name, attendees left the conference considering whether or not we’re at an inflection point in the way we allow technology to shape our lives.

DSP x BizTech: Technology in the New Age – Questrom School of Business

By: Dennis Karpovitch

Over the past few weeks, BizTech members have had the chance to attend a few different conferences that offered insights into innovation and emerging technologies. Here’s what they saw!

DSP x BizTech: Technology in the New Age – Questrom School of Business

DSPBizTech 1.jpg

The first annual Technology in the New Age conference attracted many Boston University students interested in the intersection of business and technology. Antoine Shagoury, CIO of State Street, opened the conference with insights and prospective visions for our digital future. He highlighted the exponential growth of the human information database and the vast repositories of unstructured data that offer value to anyone able to analyze it. Augmented assistance, embedded intelligence, and quantum computing enable a multidimensional approach to platform capability as cognitive overlays allow automated systems to compute a high volume of information in a short time. The early days of the technology revolution focused on the liquidity of information: the free flow of information among multiple tools and appliances for cross functionality. Now, the advent of artificial intelligence has led to a race to interpret deep data that will be fueled by the 5G revolution. Information will now become more ubiquitous than ever, so the normalization and enrichment of raw data will set a new priority.

After the opening keynote speech, the conference broke down into several workshop sessions. The Excel seminars sought to improve students’ data analysis skills by showing them how to effectively use the software. Other workshops focused on how technology can enable productivity, how data is being used in investments, and how the future of recruiting is changing with social media.

Dspbiztech_Accenture.jpg

One highlight was the case workshop with Janice Lee, a consultant at Accenture. Accenture was hired by Adidas to see whether or not 2-day free shipping would increase Adidas’ revenues. Janice broke the case down piece by piece, starting with the need to define a clear hypothesis. She discussed different frameworks Accenture uses such as Porter’s 5 Forces and Issue Tree Analysis, various testing methods such as AB Website Testing, and the importance of communication in a consulting role. At the end, she offered insights on the optimal level of questions to ask, how IT consulting differs from Financial consulting, and the importance of case interview practice in preparing for real management consulting.

During the final keynote speech, Akash Modi, CEO of Expese, challenged students to never settle in an ever-changing technological world. He highlighted the growth of digital businesses and the abundance of opportunities enabled by the internet. As an entrepreneur, Akash talked about his own experience in creating start ups and how he pivoted from a physical brick-and-mortar store to an online service. Expese is founded on the principle that technology should be experienced with ease, so its subscription-based model allows customers to try a variety of new gadgets without ever leaving their home or buying the product. Although competing with established companies may seem daunting, start-ups like Expese are challenging the status quo and disrupting entire industries. Technology in the New Age will revolutionize the way we live and allow us to create innovative solutions to future problems.

dspbiztech 5