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If you want to know anything and everything about the European Private Growth Companies, then you have arrived at the right networking platform. Browse our website for link building with private European enterprises and knowing all the essential stuff to make your businesses grow at a rampant pace.

Europe’s 500 is an organization and networking platform for European private growth companies.

Each year Europe’s 500, together with its partner IESE Business School, publishes the list of the European high growth private companies, and organizes the “European Growth Summit” for European growth entrepreneurs.

We celebrate these entrepreneurs and their innovative achievements at our annual Europe 500 awards ceremony held at the European Parliament in Brussel. As Europe’s most successful listing of high growth private companies, Europe’s 500 has become the standard for recognition for entrepreneurial success.

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Our Top Posts for 2016

Below are a list of some of our favorite posts for 2016 in no associated order.

How to Find a Qualified Lawyer in California 

China and Its LED Industry

China's LED industry

LED or Light-Emitting Diode is a two-lead semiconductor light source. Recent developments in LED allow it to be used for many purposes. Using LED has shown great advantages over using most incandescent light sources. Lower energy consumption and longer lifetime of the product are some these advantages. Over the years, China has showed a significant advancement in the technology and production of LED which proved similar to those in high tech industries.

As of 2015, China has the largest LED industry in the world with about four thousand (4000) companies manufacturing LED in the country. Thirty percent of the global LED market is comprised of the Chinese LED market, which makes China ahead of South Korea, Germany, Japan, Taiwan, and the United States of America. According to reports from professionals, there will be a compound annual growth rate of over forty percent for the Chinese LED market.

One of the driving forces behind the booming industry in the country is the government itself. To promote its LED industry, the Chinese government offers subsidies, tax benefits, and lower land cost for LED facilities – aiming to convert thirty percent (30%) of the domestic lighting market to LED. To emphasize and enhance the volume of the usage of energy efficient LED lighting, the government of China started phasing out the usage of incandescent light bulbs, following the footsteps of USA and Japan. LEDs are usually utilized in their street lightings, big hotels, shopping malls, and office buildings. The state-run National Development and Reform Commission (NDRC) predicted that LED lighting will be worth almost thirty billion in dollars to the country’s economy. By this time, the commission believes, at least twenty percent of the lighting market will be taken by LED lights.

Despite the initial success of the LED industry in the country, recent events beg the question: What happens now?

There have been problems that LED manufacturers had to face in the most recent times. Price wars have been rampant among companies that sell LED. Small-scale manufacturers have been hit the hardest by these price wars, almost always having to resort to foreclosure and filing for bankruptcy. Several analysts have confirmed that the Chinese LED industry is in deep waters and that several manufacturers will not survive in the coming years. One factor for the downfall of the industry is the quality VS quantity aspect of the production of LED. Some expert say that quality was sacrificed for rapid mass production. A testament to this is the recall of not just products under the local brand but those from major brands as well. Many large LED manufacturers faced product recall this year, including IKEA and Phillips, which had to recall their products due to fire hazards. Analysts predict that future trends in the industry will swing towards laser based lighting especially in holiday laser lights.

Although Chinese LED lights’ domestic demand increases by the minute, many developed countries like the United States of America –  still doubt China-manufactured LED lights – and even believe that Chinese products are not good quality products. Analysts claim that Chinese manufacturers still utilize outdated machinery and equipment – ultimately resulting to low quality LED products. Despite its questionable quality, the Chinese LED industry remains competitive in the global market.

Corporate Virtual Reality Training – The Future of HR

road to VR headset

Virtual reality has and continues to be a much discussed concept by event professionals. However, for the best part of a decade, it has been deemed more aspirational rather than an actionable item. Despite previous discussions, there are emerging signs that point to virtual reality deployments actually coming to fruition in 2016 and beyond.

What is Virtual Reality and How Does Corporate VR Work?

Virtual reality (VR) is a term that is used to describe a computer-generated environment that allows participants to interact and move with images in a manner that simulates the real world. It entails the use of hardware- gloves, helmets, goggles etc. – that trick the user’s brain to believe that they are actually flying through space or walking on the surface of the moon.

Virtual reality experiences are meant to be highly immersive i.e. extremely effective VR technologies can place users in alternative states where they are able to absorb information or experience situations in a manner that is either physically impossible or too difficult to experience in non-VR environments. This kind of disbelief or suspension can prove invaluable in certain circumstances.

A Quick Breakdown of Corporate VR

According to Phil Carey of one of Sydney’s leading media and film production companies, to create virtual landscapes requires 3 components: a computer (laptop, PC, smartphone, or game console) to operate applications, a display or headset placed in front of one’s eyes, and devices (trackpads, microphones, and controllers) to deliver instructions or input from the user to the app. Videos are sent from the PC to either one of the displays in the headset (one for each eye). Thereafter, lenses placed inside the goggles reshape and refocus images so as to make them appear three-dimensional while further reality is added by the app plotting movements of a user’s voice, hands, or head into virtual landscapes.

Why Virtual Reality is likely to take root this year

There are various reasons why VR could actually penetrate events planning and corporate training in 2016 and beyond. To begin with, Google, Samsung, Sony, and Facebook are all involved. And while these entities are not major players in the events industry, their participation should, nonetheless, validate the technology thus bringing down the cost of applicable devices.

Secondly, experience- the hallmark of VR- is becoming a fundamental building block, not to mention buzzword, at events. This means that in future, organizers will be constantly challenged to deliver exciting and new experiences such as VR in order to keep events lively and fresh. Lastly, with attendees to events getting younger, it is likely to be more difficult in future to capture the attention of young, smartphone-clutching, video-game playing audiences with staid cocktail parties, boring lectures, and square stands. Event organizers will be left with no option but to embrace virtual reality in order to maintain their client bases.

As Ben Kin described in a recent Forbes article,

“We are at this stage with virtual reality. Seemingly every major electronic company is pumping out its own headset, and while it’s a very  cool glimpse into the future, the reality is the tech isn’t quite there. Resolution just isn’t high enough to offer true immersion (at least not like the way we envisioned VR in sci-fi movies and novels), and they’re either too expensive and require too many resources (a high-end computer, lots of space, etc) or cheap quick fixes.”

How VR can be used by Events Planners, Meeting Professionals, and Corporate Trainers

While it may not presently seem safe or feasible to imagine event attendees walking through events wearing VR headsets, there are several viable event use cases for this technology. Some of these include:

Product demonstrations

With product demonstrations being a mainstay of trade shows, it is conceivable that an exhibitor would prefer the impact of a vivid and immersive virtual reality-type demonstration rather than a video presentation or people on stage. One can easily conjure up images of visitors with VR headsets on trying products or pieces of equipment that may be too large for a booth. In addition, VR is an ideal fit for event organizers showcasing video games as they could use the reality experience to make games appear even more vivid.

Company events

With sponsorships and sponsors evolving, many companies are no longer willing to just enjoy the simplicity that is synonymous with signage and graphics but are instead keen on taking advantage of available opportunities to interact with attendees in different and new ways. Since many events deliver training and education, virtual reality simulations can be highly effective in helping individuals remember and learn new skills.

Keynote addresses

New technologies- from Telepresence to holograms- have been slowly finding their way in events as alternatives for actual keynote speakers. One fascinating twist regarding this would be to substitute a live speaker for a VR experience.

This much discussed but often discounted technology is finally making its way to mass consumers with VR developers exploring new ways of moving it beyond the entertainment industry and on to other fields. For event organizers and corporate trainers, the good news is that costs for creating and viewing content are constantly coming down as use cases come into view. If the corporate sector is truly focused on creating new experiences, then virtual reality is, undoubtedly, a splendid option.

About Europes 500

Welcome to europes500.com. If you want to know anything and everything about the European Private Growth Companies, then you have arrived at the right networking platform. Browse our website for link building with private European enterprises and knowing all the essential stuff to make your businesses grow at a rampant pace.

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