Tech start-ups have shaped the business world over the last decade, and all of the tech industry’s most important innovations – AI, automation, data collection and machine learning – have become widely accepted throughout the business world.
The potential of tech start-ups has been recognized by many of the leading figures in industry on both sides of the Atlantic. Lady Barbara Judge, for example, the youngest ever Commissioner of the US Securities and Exchange Commission, who was awarded the CBE by Queen Elizabeth II in 2010 for services to the financial and nuclear industries, chairs a number of start-ups, including the Cambridge Code, LoopUp and SmartUp.
To stand out as a tech start-up in 2019 takes something different, and in particular, the ability to offer a service or product that is flexible enough to cope with the fast-moving world. This pressure to produce ever more innovative tech solutions is inspiring a new generation of start-ups. Here are some of the most notable that are shaking up the business world.
One of the fastest-growing communication apps, Slack grew out of an online social game called Glitch. Launched in 2013, it has become a giant of the business communication world, offering a number of chat tools that can be optimized and reinvented by users. This model, which puts human creativity rather than productivity at the heart of the business, has proven to be phenomenally successful, and Slack Technologies has become a multibillion-dollar asset.
An innovative start-up that is transforming the way that employers and employees approach the hiring process, Tilr was founded in 2015 as an algorithmic hiring solution and has gone from strength to strength, expanding into multiple markets. The strength of the Tilr platform is that it goes beyond making the application process easier for those seeking work – it also offers help to individuals in engaging with an ever-changing workplace.
This is a tech start-up with an unusual backstory, in that it was funded to the tune of $1.3m by the former Genesis singer Peter Gabriel. Named after the Ctrl button on your keyboard, the ctrlio tech aims to direct customers to the best discounts and deals at the right time, most notably when they are considering renewing contracts. The platform pledges to recommend deals based on what works best for the customer, not on the most popular and or most heavily promoted option.
An unusual tech start-up that is shaking up the freight service industry, FreightHub is based in Germany and has brought a technological edge to the freight forwarding sector. Founded in 2016, FreightHub is an asset-free provider that has already had a major impact, challenging the traditional freight forwarding sector with new processes and customer interfaces.
Based in Illinois, Uptake was founded in 2015 with the ambitious aim of revolutionizing our use of data. The Uptake technology amasses all of the quantifiable data available to find the best shortcuts, deals or innovations that are available for users. It has become a major player in the cyber security industry, utilizing data science and machine learning to improve the technological solutions available to the average consumer, and it is designed to change and adapt as new tech comes online.
This has to count as one of the most interesting tech start-ups to have sprung up in the last few years. Zume Pizza was founded in 2017 and offers an innovative approach to fast food. Working with 19 human employees and eight robot workers, Zume makes pizza that is cooked in a specially equipped van that features automated ovens and self-cleaning robots. When a customer orders a pizza, it is cooked in the van en route to the customer’s location, with the aim being to provide a pizza service that offers fresher food to consumers.
Also operating in the food service sector, SwiftComply is a tech start-up based in Dublin that is centered on cutting down on the cost of regulatory compliance for restaurants. It connects city regulatory departments, kitchens and restaurant managers, helping to improve relations between these players in the food industry and to build a more transparent and effective system of regulatory compliance. SwiftComply is a perfect example of a simple yet effective idea made possible through tech.
The pace of change in the tech world will continue to accelerate in the years to come, and as these start-ups show, this means that there will be plenty of opportunities for imaginative and inventive tech entrepreneurs to make their mark in every sector of industry.