Accessing the final frontier: Evolution of space tech

Share on

Share on

13:03 Minutes The average reading duration of this insightful report.

Primers

Primers: Primers are quick short form business reports that educate leaders on key emerging technologies.

Accessing the final frontier: Evolution of space tech

Access full research and
ignite the inspiration within

Download Primer

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.

Explore a sneak peek of the full content

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

Latest stories

Web3 & Crypto tokens

Share on

Share on

16:10 Minutes The average duration of a captivating reports.

Primers

Primers: Primers are quick short form business reports that educate leaders on key emerging technologies.

Web3 & Crypto tokens

Access full article and
ignite inspiration within

Download Primer

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

Foundation Blocks Of Web

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

Top trending insights

Banking trends: Disruptions and innovation

Share on

Share on

17:48 Minutes The average duration of a captivating reports.

Primers

Primers: Primers are quick short form business reports that educate leaders on key emerging technologies.

Banking trends: Disruptions and innovation

Access full article and
ignite inspiration within

Download Primer

The banking sector is experiencing significant changes primarily driven by the growing integration of technology into consumers’ daily lives, evolving customer expectations, increasing interest in digital money and the volatility of cryptocurrencies. The potential annual value of AI and analytics for the global banking industry is expected to be as high as $1 trillion.

What's inside

  1. Key takeaways
  2. Key drivers shaping trends in banking
  3. Business trends driving innovation
  4. Technology trends aiding the business

Key takeaways

  • Changing IT spend- IT spending in banks is shifting from Capex to more.
  • Opex, with significant shifts to Cloud.
  • Future of banks- Neobanks can play a crucial role in addressing and responding to all the key drivers.
  • Rise of fintechs-The emergence of fintechs is shaping business trends and expanding the range of choices available to customers. Studies indicate that from now until 2028, the growth rate of fintech companies is expected to be three times that of the banking industry as a whole.
  • Impact of emerging technologies- New technologies like GenAI, Blockchain, IoT are likely to cause banks to change the way they work and will influence the majority of the business.
  • Cybersecurity resilience- Cybersecurity is evolving from being solely a technological concern to becoming an important consideration for new business strategies.
  • Sustainability increases in priority-While Sustainable finance enables banks in financing sustainable projects for other businesses, banks must also prioritize making their own operations sustainable. Download Complete Research

Key drivers shaping trends in banking

  • Customers want personalized, convenient, and seamless banking experiences. Over 60% of banking executives report rising customer experience expectations, with 45% struggling to keep up.
  • Fintechs are revolutionizing banking with mobile apps, online lending, and personalized experiences using AI. By 2030, they will be constituting 25% of all banking valuations.
  • To address environmental risks and foster responsible economy, banks are focusing on sustainability. Banks representing 41% of the global banking assets have joined Net-Zero Banking Alliance.

Business trends driving innovation

  • A lot of the trends are reflecting the move to extended value chains or ecosystems thinking.
  • Technology platforms support a lot of this, and banks and financial service providers are seeing the benefits of these.
  • BaaS allows third parties to connect with a bank’s API infrastructure to build and integrate products.
  • With automation, banks can now reduce their lending processing time from weeks to a couple of days.
  • Neobanks can operate on a low-cost model, which can be instrumental in improving the accessibility of banking services.
  • With Open Banking, banks can now open online accounts in just three minutes, 100 times faster than before.
  • These banking trends impact various stakeholders, including customers, regulators and government bodies, employees, technology providers and fintechs.

Technology trends aiding the business

  • Banks can leverage AI to gain deep insights into their customers and the financial ecosystem, identifying new fraud patterns and money laundering strategies using synthetic data.
  • Banks are migrating their analytics platforms to the cloud for complex banking analytics. Data marts are being used to store and perform analytics on sensitive bank data.
  • Recent developments in cybersecurity in banks, like Zero Trust Architectures and Adversarial ML, help train ML models to be more resilient to attacks and increase cloud adoption.
  • Blockchain technology in banking promotes secure digital transactions, cost reduction, decentralization, and anonymous financial activities while ensuring accountability.
  • IoT implementation helps to monitor each customer touchpoint in realtime when they bank, enabling banks to offer more relevant services and identify fraudulent activities faster.

Download Complete Research

Credits
Lead Authors@lab45: Deepika Maurya, Chandan Jha
Contributing Authors@lab45: Sujay Shivram, Hussain S Nayak

Co-create for collective wisdom

This is your invitation to become an integral part of our Think Tank community. Co-create with us to bring diverse perspectives and enrich our pool of collective wisdom. Your insights could be the spark that ignites transformative conversations.

Learn More
cocreate-halftone