Reusable rockets & satellite miniaturization collaboratively are democratizing access to space. Fuelling innovation across multiple domains and fostering a future where space is accessible to enterprises, individuals, and nations alike.

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What’s inside

1. Space race
2. The economies of reusable rockets
3. Space X Falcon 9 Launch
4. Miniaturization and cubesats
5. Transforming agriculture with CubeSat
6. Further innovations brought in by CubeSats.
7. Business models in the next generation of space services

Space race

The section delves into the historical roots of the space race between the United States and the Soviet Union, highlighting its profound impact on technological advancements. It explores how the competition between these superpowers catalyzed innovations that have become essential in various industries, including telecommunications, healthcare, and more. The section also discusses how the end of the space race didn’t mean the end of innovation but rather heralded a new era of technological advancements that continue to shape our world today.

The economies of reusable rockets

This section focuses on the economic revolution brought about by the introduction of reusable rockets. It discusses how companies like SpaceX have drastically reduced the cost of space exploration by developing rockets that can be landed and reused. This has made space more accessible to not just governments but also private entities and educational institutions, thereby democratizing space exploration. Download Complete Research

The Aerospace Security Project (ASP) in Sept ‘22 conducted an analysis of the cost of payload launches throughout history. The cost of heavy launches in LEO have been reduced by almost 95% from $65,000 to $1,500.

SpaceX falcon 9 launch

The section provides an in-depth look at SpaceX’s Falcon 9 rocket, one of the most iconic reusable rockets in the industry. It discusses its design, capabilities, and the groundbreaking technology that allows it to be reused, making space travel more economical and sustainable. The Falcon 9 serves as a case study for the potential future of cost-effective space exploration.

Miniaturization and CubeSats

This section explores the trend of miniaturization in satellite technology, focusing on the development of CubeSats. These small, modular satellites have opened up new avenues for space exploration and commercial applications. Their smaller size and modular design make them more cost-effective and accessible, allowing for a wider range of applications and participants in space technology. Download Complete Research

Transforming agriculture with CubeSat

The section discusses how CubeSats are revolutionizing agriculture by providing high-resolution imagery of farmland. This technology enables more efficient and effective resource allocation, transforming traditional farming methods. CubeSats are making precision farming more accessible, allowing for optimized use of water, fertilizers, and workforce, thereby making farming more sustainable and cost-effective.

Further innovations brought in by CubeSats

This section delves into the additional innovations that CubeSats have enabled, beyond their initial applications. It discusses how these small satellites serve as testbeds for new technologies and scientific research, from studying Earth’s atmosphere to testing new materials and communication technologies. CubeSats are paving the way for future advancements in space technology. Download Complete Research

Business models in the next generation of space services

The section explores the emerging business models in the space industry, particularly focusing on the ‘As-a-Service’ models. It discusses how these models are making space technology more affordable and accessible, from Data-as-a-Service to Mission-as-a-Service. These new business models have the potential to further democratize space technology, making it accessible to a broader range of participants.

Credits
Authors@lab45: Abhigyan Malik
Key contributors: Ariel Zajdband, Planet

Discover the revolutionary world of Web3 in this compelling paper, where we delve into its fundamental building blocks and crypto tokens that underpin this decentralized paradigm shift. Explore the exciting enterprise use-cases harnessing the true potential of Web3 technology, revolutionizing industries and unlocking unprecedented opportunities.

What's inside

1. Web3 and it’s building blocks
2. The Web3 adoption
3. The role of the enterprise in Web3
   a) Business models around Web3 and major players
4. Regulatory and technology risks

Web3 and it’s building blocks

Web3 represents a decentralized web powered by blockchain, enabling decentralized participatory communities. It promotes user control over data, governance, and transactions. The transition from Web2 to Web3 encompasses decentralization of user data and content, finance and currency systems, and immersive user experiences. Web3 leverages crypto tokens, digital assets issued on blockchains, and utilizes smart contracts for decentralized finance. These tokens are essential for Web3 and its growth. Web3's potential lies in building digital communities, disrupting economic representation, and co-creating value within token networks. Blockchain underpins Web3, ensuring secure transactions and smart contracts. Non-Fungible Tokens (NFTs) play a role in ownership and provenance of digital assets.

The Web3 adoption

The growth of crypto markets until 2021 was remarkable, but the web3 community remains relatively small. By November 2021, about 7 million people were using token wallets monthly. Crypto is volatile, with fundamental flaws and regulatory challenges. The complexity of web3 poses risks in regulation, technology, and security. EU, USA, and China may not fully support crypto. However, digital tokens can still find a counterculture of users valuing crypto custody and communities. Web3's potential to benefit the public is uncertain. Adoption paths vary, and tokens could disrupt traditional systems, but regulatory hurdles and fraud might impede progress. VC investments in web3 exceeded $18 billion in H1 2022, indicating significant interest and potential. Download Complete Research

The role of the enterprise in Web3

Tokens are most impactful when they unite micro-communities to create long-term value. However, many token projects remain immature and fail to generate value due to the absence of robust economies. Centralized enterprises and their brands could play a significant role in web3 by building token ecosystems around their communities, blurring the line between utility and investment. Brands can use NFTs for reinvented customer loyalty programs and create DAOs for crowdsourcing productivity. Successful token development depends on an engaged community, and brands can incentivize fans to participate actively. Notable brands like Nike and Starbucks are already exploring web3 and NFTs. Mainstream and decentralized brands are recognizing the potential of engaging with digital-native fan communities in the web3 space. Download Complete Research

Regulatory and technology risks

Web3's tokens hold enormous potential but also significant risks. Users are responsible for token custody and must secure them cryptographically. Cybercrimes can lead to substantial financial losses. Token fraud and money laundering are concerns due to anonymity. Regulatory challenges are growing, with potential impacts on tax codes and transactions.

Credits
Author@lab45: Ankit Pandey

GenAI is changing the banking industry through work automation, individualized customer experiences, and fraud detection. Operational cost savings from using GenAI chatbots in banking globally is 35 times more than not using GenAI. GenAI helps banks increase productivity, lower expenses, and enhance customer happiness.

What's inside

1. Key Takeaways
2. Reimagining banking through GenAI
3. GenAI transforming banking landscape
4. Challenges in GenAI implementation and their solutions

Key takeaways

Among industries globally, GenAI could add about $ 3.5 trillion annually in productivity on average, out of which the banking sector would be nearly 8 per cent. Banks are starting with applications in software development, chatbots and media content generation. GenAI has vast potential to execute business and technology processes autonomously. The operational cost savings from using GenAI chatbots in banking reached $7.3 billion globally. It is 35 times the operational savings without using GenAI. The integration of GenAI with virtual assistants has significantly enhanced customer support and experience. GenAI enables banks to automate crucial processes such as customer onboarding, fraud detection, and risk management. As a result, employees can concentrate on more intricate tasks, such as delivering exceptional customer support. The banking sector can significantly benefit from this, leading to an overall increase in efficiency. Download Complete Research

Reimagining banking through GenAI

Empowering customers through GenAI

• GenAI enables banks to provide customized products, personalized financial advice enhancing the banking experience for customers.
• GenAI automates and streamlines banking processes, reducing wait times and enhancing customer convenience.
• GenAI helps banks strengthen security measures, protecting customers from fraud, unauthorized access, and identity theft.
• AI-powered chatbots and virtual assistants provide round-the-clock customer support, offering prompt and reliable assistance.
• Through efficient processes, enhanced security, and seamless support, GenAI enhances overall customer satisfaction with the banking experience.

GenAI transforming banking landscape

Corporate banking, retail banking and software engineering are the most value-creating functions with each providing a value of about $ 50 billion. The rest of the functions include wealth management, asset management, risk, IT and finance and HR. Download Complete Research

The diagram below shows the impact of GenAI on banks' functional architecture

Future trends in GenAI

GenAI is in nascent stage, but it has the potential for vast changes in banking. The following use cases are expected to prevail in future:

• Financial forecasting: As GenAI will be able to integrate and analyze data from various sources in future, it will be able to identify data patterns and run simulations based on real-world context and hypothetical scenarios. It can help banks to make effective financial forecasts.
• Generate financial advice for customers: Training GenAI on customers’ financial goals, risk-taking ability, income, expenditure. It can be used for budgeting recommendations. Also, it can help in smarter investment and wealth management and trading advice.
• Minimize manual paperwork: Manually analyzing financial documents is costly and time-consuming. GenAI can be used to summarize large documents and significantly cut operational costs.
• Regulatory code change advisor: GenAI will be used to make developers aware about underlying regulatory changes that will require them to change code. It can assist in automating the changes and providing documentation.
• Manage risks and credit worthiness: GenAI will be used to create a more accurate picture of borrowers after analyzing vast amount of data from multiple sources.

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Credits
Author@lab45: Poonam Pawar, Hussain S Nayak