What are the first things that come into your mind when thinking of ‘Sweden’? Ikea, ABBA, Vikings or meatballs perhaps… How about some of the world’s most successful global tech startups?
Spotify, Klarna and Mojang: once small ambitious startups, now billion dollar companies that started life in Stockholm, Sweden. But how does Sweden, a country of only 9.8m people, roughly a sixth the size of the UK and in fact only half the population of greater London, become the pinnacle of European innovation?
Below we review what Sweden has on offer from a startup’s perspective and especially shed light on its capital Stockholm, strengths and weaknesses.
Long gone are the days when entrepreneurs would start their business right in their hometown. Nowadays, the financial, social and digital advantages that each city can offer to startups have become a lot more important. Since founders often have the agony of choice when searching for a suitable place, we like to take a closer look at cities with promising startup hubs worldwide in a regular basis to determine their pros and cons.
Adrien Sandrini is the CEO of Precogs
Precogs, a startup based in Paris, offers tailored supply-chain solutions for the electronics manufacturing industry. As a CODE_n finalist, the company will present their predictive data analytics solutions at CeBIT.
Adrien Sandrini, the CEO of Precogs, tells us a bit more about how it uses big data to foresee critical aspects of supply and demand. He also talks about the company’s expectations for participating at CeBIT as one of the 50 most innovative big data startups.
How can predictive analytics tools help the electronics supply chain?
Predictive technologies offers a new way for electronic manufacturers to broaden their scope of what is possible to create visibility within the supply chain. The integration of big data principles is very new to the industry, but can truly change the playing field for those who integrate such solutions. The amount of data that is integrated to predict the electronics manufacturing supply chain has and will continue to substantially save companies the costs of supply disruptions.
How was the startup founded and what do Precogs’ unique solutions offer?
Precogs was founded in 2011, after my many years of working in the automotive and electronics manufacturing industry.
In terms of supply chain, both industries are quite different. The difference was the volatility of the supply chain in electronics manufacturing, and this equated to unpredictability of lead times and the imbalances in supply and demand.
As we’ve seen from the Edward Snowden incident and subsequent revelations by the US National Security Agency, as well as seemingly ever-larger and more complex data breaches in the private sector, one of the biggest challenges in the world of big data is finding an appropriate balance between security and privacy. Ever more data is being stored about all of us, and the bigger, more expansive, and more dynamic the data store, the greater the challenge in affording adequate protection to both individuals and data-holders.
CERN is challenging the limits of big data storage systems as they generate a petabyte of information every second in the quest to discover the origins of the universe. The organisation, in conjunction with the European Commission, established a Grid computing system that taps into computing power from data centres in 11 different countries in order to be able to store even a fraction of the data being collected. More…
Thomas Ohr – founder and editor of EU-Startups
Thomas Ohr is the founder and editor of EU-Startups, an online magazine covering European startups. He started the project in 2010 due to his passion for startups and his excitement for Europe’s future. Since EU-Startups is still a hobby, he works in the marketing department of a German media company. Thomas Ohr works and lives in Freiburg, Germany.
Janina Benz: What is EU-Startups, and what inspired you to start it?
Thomas Ohr: EU-Startups is an online magazine covering Internet and mobile startups out of the European Union and the European continent. Aside from our focus on young companies, we also profile established firms or publish other news out of the tech space that has a commercial or cultural impact on European startups. Our vision is to connect the European startup scene and to encourage entrepreneurship within Europe.
JB: Over the last few years, how have people’s ambitions changed in regards to founding a business?
TO: More and more European entrepreneurs have realized the opportunity to create products not just for their home market, but for international markets. This is an important step which will lead to us soon seeing more and more European startups that succeed on a global scale.