ACCOUNTS PAYABLE AUTOMATION: The multitrillion-dollar accounts payable market is finally digitizing — here's how payments providers can grab a piece of it
- High invoice volume (a business can see anywhere from hundreds to tens of thousands of invoices per month) and small departments that still use largely analog process are driving a desire to digitize: Enterprises using digital payables platforms can see 81% lower processing costs and 73% faster processing cycle times, per Kofax.
- In a fully analog accounts payable process, an invoice is generated and sent by a supplier.
- In an automated accounts payable process, an invoice is submitted to an invoicing platform, where a buyer can capture platform data.
- Today, more firms are starting to seek accounts payable solutions that automate the invoicing and payments process, as they look to cut costs, decrease fraud, improve efficiency, and gain more visibility into payment data.
Australian scientists have successfully grown a Wuhan coronavirus sample from a sick patient, giving way to the possibility of a cure
- Scientists in Melbourne, Australia have successfully grown the Wuhan coronavirus from a patient sample, which could help provide international experts with crucial information to beat the virus.
- It's the first time the virus has been grown in a cell culture outside of China.
- The scientists come from the Peter Doherty Institute for Infection and Immunity – a joint venture between the Royal Melbourne Hospital and the University of Melbourne.
- Dr. Julian Druce, Virus Identification Laboratory Head at the Doherty Institute said the lab-grown coronavirus was a major breakthrough as it would allow accurate investigation and diagnosis of the virus around the world.
- The virus was grown from a patient sample that arrived on Friday at the Royal Melbourne Hospital's Victorian Infectious Diseases Reference Laboratory, at the Doherty Institute.
A robot named Little Peanut is delivering food to people in quarantine amid the Wuhan coronavirus outbreak
- A robot named Little Peanut is delivering food to people being quarantined after traveling on a flight with patients suspected to be infected by the Wuhan coronavirus.
- Multiple robots were employed on each floor of the 16-story hotel on January 27 and 28 to reduce human contact and prevent spread of the novel coronavirus, 2019-nCoV, Reuters reported.
- Passengers on a flight from Singapore to Hangzhou are being held under quarantine after two of over 335 people on the plane were found with a fever, according to the Reuters report.
- As of Wednesday morning local time, the novel coronavirus had killed 132 people in China and infected nearly 6,000 people worldwide.
- It has spread to at least 16 countries outside of China, including Australia, Cambodia, Canada, France, Germany, Ivory Coast, Japan, Malaysia, Nepal, Singapore, South Korea, Sri Lanka, Taiwan, Thailand, the US, and Vietnam.
Why are Apple Pay, Starbucks' app, and Samsung Pay so much more successful than other wallet providers?
- Most customers have an option provided by their smartphone vendor, like Apple, Android, or Samsung Pay. But those are often supplemented by a myriad of options from other players, ranging from tech firms like PayPal, to banks and card issuers, to major retailers and restaurants.
- As such, despite promising factors driving gains, including the normalization of NFC technology and improved incentive programs to encourage adoption and engagement, it's important for wallet providers and groups trying to break into the space to address the problems still holding mobile wallets back.
- Some of the top mobile payment wallets include: Android Pay, Apple Pay, Microsoft wallet, Samsung pay, Wisa VDCA, Mastercard Masterpass, PayPal, Square, Venmo, as well as individual banks apps and retail merchant wallets.
- The report forecasts growth and defines drivers for key digital payment types through 2024, while highlighting three trends that are changing payments – looking at how disparate factors are sparking change across the ecosystem.
THE STORIES REPORT: How brands can take advantage of the viral growth of the Stories format
- Business Insider Intelligence Stories are on track to become the main format for social media consumption, providing brands with a massive and vital opportunity to reach consumers.
- Combined, Stories features on Facebook-owned platforms command a whopping 1.5 billion daily active users (DAU), though some may be double-counted.
- Stories-centric features have also emerged on several other platforms, including YouTube, Google search results, and even LinkedIn. The viral acceptance of Stories, their accelerating usage, and their highly engaging nature make it imperative for brands to use the format to reach consumers.
- In The Stories Report, Business Insider Intelligence identifies the most popular platforms for Stories features, defines best practices to maximize engagement without alienating users, and pinpoints challenges hindering brand adoption for the future.
- The companies mentioned in this report are: Facebook, Google, Instagram, LinkedIn, Messenger, Snapchat, WhatsApp, and YouTube.
THE SOCIAL VIDEO REPORT: How social platforms are transforming their video distribution strategies and creating new opportunities for brands
- Social platforms are ramping up on emergent video formats to drive new and deeper forms of engagement across their sites and apps, yielding new opportunities for brands.
- As platforms experiment beyond in-feed videos, new formats and user behaviors around social video present meaningful opportunities for brands to reach millions of social users.
- In 2018, social platforms saw explosive growth around innovative video formats like Stories; a rising push around communal video experiences; the launch of new video-centric hubs on social platforms (e.g. IGTV); and the expansion of more premium or longer-form fare.
- Social platforms continue to undergo transitions in a bid to capture user attention, but each represents a significant key to understanding how the social video landscape is expanding and reorganizing around new formats and distribution models.
- Get the latest Snap stock price here.
- Get the latest Google stock price here.
Australia is quarantining residents evacuated from Wuhan on a controversial island used to house asylum seekers
- Having controversially used the remote Indian Ocean territory to keep out asylum seekers for over two decades, the Australian government announced on Wednesday local time it would use Christmas Island to quarantine Australians who have found themselves in the midst of the coronavirus outbreak.
- Those selected will be transported from China to Christmas Island, a small Australian territory south of Jakarta, a journey of more than 4,500 kilometers (2,796 miles).
- The Christmas Island detention facility was shut down in 2018, after years of controversy including unrest and protests within the center as well as stories of self-harm and riots.
- The coalition government last year reopened the detention center after Parliament passed a medivac bill despite its opposition.
- Just four people are currently detained there, costing the Australian government $AU30 million, a senate committee heard late last year.
THE GLOBAL 5G LANDSCAPE: An inside look at leading 5G markets, key players, and how they are defining the future of connectivity
- The next generation of wireless is here, and several countries are locked in a fierce battle for the top spot in global 5G development.
- Telecoms in 18 countries will roll out 5G networks by the end of this year, and by 2020 over one-fifth of the world's countries will have launched 5G services.
- The report compiles 5G snapshots of the three countries, with each providing an overview of the market's telecoms space and details on what is contributing to — or hindering — its development.
- We look at the notable telecoms in each geography and identify their 5G launch efforts, as well as discuss what the opportunities are for each company.
- But however you decide to acquire this report, you've given yourself a powerful advantage in your understanding of the fierce global 5G battle.
The Stories Slide Deck: How Stories stack up across social platforms
- In the last few years, there’s been a major shift as to how consumers interact with social media.
- Rather than posting content that lives on the platform in perpetuity, users are now posting and viewing more “Stories,” video or images that live for only 24 hours.
- Many platforms have introduced some form of Stories format — whether it be Facebook, Instagram, Snapchat or WhatsApp. Snapchat was the company to introduce it to the world, but Instagram has surpassed it in terms of volume and perhaps usability.
- Business Insider Intelligence has compiled a slide deck that looks into how Stories work on Instagram and Snapchat, and how brands and publishers should be using the Stories feature to reach their audiences.
Kobe Bryant and his wife Vanessa reportedly had a pact not to ride in a helicopter together
- The late NBA legend Kobe Bryant and his wife Vanessa had a pact that they would never ride in a helicopter together, a source told People magazine.
- Bryant, 41, and his 13-year-old daughter Gianna, as well as seven other passengers, were killed in a helicopter crash in Calabasas, California, on Sunday morning.
- Bryant and Gianna are survived by his wife and his three daughters — Natalia, 17; Bianka, 3; and Capri, who was born in June of last year.
- Bryant said in a 2018 podcast for Barstool Sports that he began traveling in helicopters so he would have more time to spend with his daughters instead of sitting in Los Angeles traffic.
- In the podcast, Bryant elaborated how important family time was to him, even if it was just to drop them off at school.