Oct 22, 2020

Tesla boasts record sales, fifth successive quarterly growth

Tesla
autonomous vehicles
AI
Automotive
William Smith
2 min
US electric vehicle manufacturer Tesla has announced its results for the third quarter of 2020
US electric vehicle manufacturer Tesla has announced its results for the third quarter of 2020...

US electric vehicle manufacturer Tesla has announced its results for the third quarter of 2020.

Highlights of the announcement included the fact that it made $8.7bn in revenue, with car deliveries rising by 54% compared to the prior quarter to 139,593.

It also recorded a quarterly profit of $311mn - over twice what it made in Q3 2019.

In a call to investors, CEO Elon Musk said: “Q3 was our best quarter in history. We achieved record production and deliveries, record revenue, record net income, both GAAP and non-GAAP, and record free cash flow”.

“This is really due to the amazing execution by the Tesla team. I could not be more proud to work with such a great group of people. Just really k****** [sic] performance across — throughout the world.”

The move comes after a much-hyped event in September, Tesla’s Battery Day, that many felt was a let-down, leading to $50bn being wiped off of its stock market value. Before that, however, Tesla was perhaps the standout company of the US stock market boom.

In the call, Musk defended its Battery Day offering, saying Tesla “showed our plans for how we can expand in the future and improve core battery technology, core cell technology at the form factor level, chemistry level and I think most significantly at the manufacturing technology level.”

The company is currently hovering around a $400bn valuation, easily making it the world’s most valuable car company. Its meteoric rise has led many to ask whether it is even truly an automotive manufacturer, or is rather a tech company. Certainly its technological approach, with over-the-air software updates and the like differentiates it from its peers. Nevertheless, it may simply represent a more technological trend in the automotive industry, with established competitors such as Toyota investing in autonomous vehicle technology.

(Image: Tesla)

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Jun 18, 2021

Microsoft Power BI: Enabling data culture through innovation

Esri
Microsoft
3 min
A peek into Microsoft Power BI’s roadmap revealing exciting capabilities like real-time analytics and organisational goals tracking

Businesses using Microsoft’s cloud services may be familiar with Power BI –  a business analytics service that aims to provide interactive visualizations and business intelligence capabilities with a simple experience helping end users create their own reports and dashboards. Power BI is part of the Power Platform which is a set of low-code tools consisting of business intelligence, app development, bot development and process automation applications. In a world where everything is constantly changing, the Power Platform enables subject matter experts to keep up with business needs.

Today, data comes not just from transactional systems of record, but from the real world – whether it is the devices people use, to everyday human interaction. Power BI’s mission is to make access to data paramount to every business operation through its solutions and empowers individuals, teams and organizations to drive a data culture. This sentiment is further established by Arun Ulagarathchagan, Corporate Vice President of the Power BI team, adding “Our vision here in the Power BI team is to help you drive a data culture where everyone can make every decision with data.” So what can organisations expect to see next in the pipeline? Microsoft is bringing performance management to Power BI for the first time. Organisations strive to achieve certain goals, and today, goals are largely data-driven. Power BI helps make those goals more accessible and personalized in existing workflows. This means that since many teams’ data, analytics and business logic is already reported in Power BI, they can now instantly connect it to their personal/department goals. It is also worth noting that Goals is natively integrated into the Microsoft Teams experience. The goals algorithm is also AI powered, so organisations can better understand how they’re doing and where are the opportunities for improvement. Finally, Microsoft is working towards integrating it with Power Automate, so organisations can define business processes that get automatically triggered as the goals change status. Goals will soon be available as a mobile experience too, so teams can stay up to date and take action in real-time. On that note, another major announcement from Microsoft features real-time analytics. Today, data is captured from everywhere and synthesizing it in real-time allows for maximum impact. Power BI has been a pioneer in real time analytics from the start with a simple vision – that the distinctions between batch, real time, and streaming data today will disappear over time. Power BI will launch Streaming Data Flows soon, allowing every business a simple low-code way to work with real-time data.

Amir Netz, CTO Power BI concludes “Our vision is to empower everyone in the world with data, and not just the people sitting in offices, but people who are working in the real world, people who are moving things, creating things, producing things with their hands. And for this, we have to think again about how we deliver data to help them make better decision

 

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