Founded in 2004, Massachusetts-based Catalog is an online shopping site that allows users to search for products by using their DNA. The site’s catalog is built using DNA-based algorithms that enable users to find products without having to browse through hundreds of pages of product descriptions and reviews. Its founders believe that DNA-based algorithms will revolutionize the retail industry. By combining DNA with artificial intelligence, Catalog aims to reduce the cost of product research and development.
Funding round details
Getting the right mix of angels and venture capitalists is no small feat. While a few lucky individuals have hit the jackpot, most of us are left to fend for ourselves. This means we have to take our wits with us and giddiness ensues. What’s more, we’ve got a bevy of naughty NPCs. For one, we’ve got to keep them away from the ring if we’re to be successful. Oh, and we’re going to go to the exclusionary office, because it’s the last time st. The best is the hardest part, but oh the joys of globbing is a fav.
DNA-based computing platform
Molecular computing, also called DNA computing, is a type of parallel computing that uses biological molecules instead of traditional silicon chips. A DNA-based computer is smaller, faster and uses less energy than a traditional computer.
A DNA computer works by interacting with millions of molecules at once. The molecules can be used to implement a variety of computing functions, including machine learning and cryptography.
DNA computing is an emerging branch of unconventional computing. It is based on the pairing property of complementary molecules, which allows it to solve complex mathematical problems. The concept of using individual molecules for computation dates back to 1959.
The first DNA computer prototype was developed by Leonard Adleman. He used DNA fragments to construct a small circuit that would solve a directed Hamiltonian path problem. The circuit was capable of computing at 100 Teraflops, or one trillion operations per second.
Adleman’s experiment was the first proof of principle that DNA could solve a mathematical problem. In the years that followed, researchers continued to explore DNA computing.
Upskilling and scaling citizen developers
Using low code or no code tools to upskill and scale citizen developers is a growing trend in enterprise businesses. According to a recent survey by PMI, more than 80% of employees want to upgrade their skills.
Low code tools abstract away much of the line-code, making it easier to develop applications. These tools can also be more cost-effective and provide companies with an efficient means of improving their business processes.
The benefits of using a low code or no code tool to upskill and scale citizen developers include increased employee engagement, faster time-to-market and cost savings. However, companies should consider all aspects of the solution before investing in a low code platform.
When implementing a low code solution, organizations should consider its security implications. Security should be top-of-mind as many citizen developers have little or no experience with security systems. A skilled IT professional can be a great mentor, providing guidance for citizen developers.
Impact on the tech industry
During the past decade, the tech industry has led the U.S. economy. The companies have contributed more to GDP than retail, construction, non-durable manufacturing, and other sectors. However, the industry has struggled to maintain growth. It has been hit hard by the tech-heavy NASDAQ’s slump. And many fintech funds have gone under.
As a result of the slowdown, businesses are scrutinizing cloud computing spending. As such, companies have laid off tens of thousands of workers. However, mass layoffs also offer companies an opportunity to grow. Those who are laid off have highly sought-after skills such as data science and artificial intelligence. They also offer companies a chance to improve their human resource planning, supply chain management, and customer journey analysis.
As a result of the slowdown, many companies have been forced to cut R&D, employee salaries, and head counts. Nevertheless, there has been an increase in the number of tech jobs. Currently, there are 7.7 million tech workers in the U.S., and the tech workforce is expected to grow by 6.7% through 2022. This amount is only a small fraction of the tech industry’s total workforce.