Monday, May 7, 2018
Banks don't want to be weakest link in blockchain revolution
LONDON - Blockchain, the cutting-edge technology behind virtual currencies like bitcoin, has the potential to play a disruptive role in the global finance sector, experts say, as banking behemoths seek to connect with its opportunities.
While banks could reduce their costs, the gains could eventually shift to consumers who could benefit from quicker and cheaper services.
"Any disruptive shock -- be it technology, economic or political -- tends to result in winners and losers, and blockchain is no different," Colin Ellis, managing director for credit strategy at Moody's, told AFP.
"It could reduce costs for banks but at the same time could foster more competition that would put downward pressure on fees."
A shared, encrypted "ledger" that cannot be manipulated, blockchains offer the promise of secure transactions that allow anyone to get an accurate accounting of money, property or other assets.
Much like it underpins trading in bitcoin and other cryptocurrencies, blockchain or so-called distributed ledger technology could also support trading of other assets, thus posing a risk to banks who earn hefty fees helping their clients trade currencies and other assets.
Key areas of financial services where blockchain could have an impact are the settlement and clearing of transactions.
But a recent report by Moody's found that while blockchain technology could slash cross-border transaction costs for financial institutions, it would likely ramp up competition among banks.
Anish Mohammed, a cryptography expert and academic at Berlin University, told AFP that the losers would be those who failed to adapt to the latest technological trend.
"There will be winners and losers, the losers will be those who do not make any changes."
The world's biggest financial institutions are already experimenting with blockchain, although recent data indicates that they risk lagging behind other sectors in its use.
CHEAPER AND QUICKER
Two months ago, Dutch bank ING and its Swiss peer Credit Suisse successfully traded securities through a blockchain-style network.
The pair transmitted 25 million euros (about P1.5 billion) of bonds almost instantaneously. The deal would normally have taken one day or more.
Ellis believes that international transactions are an area where banks could cut their costs by using blockchain technology. Currently international bank transfers often take several days as several banks are often needed to act as intermediaries.
But a blockchain could eliminate the need for those intermediaries, thus speeding service and reducing costs.
Santander last month began using a blockchain to allow its retail customers in Spain, Britain, Brazil and Poland to complete international transfers the same or following day.
"One Pay FX uses blockchain-based technology to provide a fast, simple and secure way to transfer money internationally -- offering value, transparency, and the trust and service customers expect from a bank like Santander," the bank's chief executive Ana Botin said at the launch of the service.
One Pay FX uses a blockchain service for banks developed by Ripple, a start up firm with offers a cryptocurrency with the same name.
Around $2.1 billion (1.8 billion euros or about P108.5 billion) will be invested via blockchain globally in 2018, according to US-based consultancy IDC.
One third of that will represent the financial services industry, IDC said.
Other notable sectors using blockchain include distribution and services, retail and professional services, and manufacturing and resources.
"The technology is still at a relatively early stage" so "it is too soon to know what the final impact will be," said Ellis.
"But it could ultimately make banking cheaper and quicker for consumers," he concluded.
source: news.abs-cbn.com
Tuesday, January 9, 2018
Google engineer fired for sexist memo sues ex-employer
SAN FRANCISCO - A Google engineer who was fired after writing a memo defending the gender gap in Silicon Valley tech jobs as a matter of biology has sued his former employer for discrimination.
The Dhillon Law Group said it was filing a class action law suit on behalf of James Damore and others it says were discriminated against due to their "perceived conservative political views," their gender and their Caucasian race.
The complaint, filed in a court in Santa Clara, California, says Damore and his colleagues "were ostracized, belittled, and punished for their heterodox political views, and for the added sin of their birth circumstances of being Caucasians and/or males."
The company uses illegal hiring quotas to achieve a certain percentage of women and minority employees, and "Google's management goes to extreme -- and illegal -- lengths to encourage hiring managers to take protected categories such as race and/or gender into consideration as determinative hiring factors, to the detriment of Caucasian and male employees," the complaint stated.
Google fired Damore in August after he distributed a 3,000-word missive arguing that the "preferences and abilities of men and women differ in part due to biological causes and that these differences may explain why we don't see equal representation of women in tech and leadership."
Google chief Sundar Pichai said "portions of the memo violate our code of conduct and cross the line by advancing harmful gender stereotypes in our workplace."
"To suggest a group of our colleagues have traits that make them less biologically suited to that work is offensive and not OK," he added.
However, Pichai defended the author's right to criticize Google training, workplace ideology and whether programs promoting workplace diversity are adequately open to all.
source: news.abs-cbn.com
Wednesday, September 21, 2016
Industry group pushes 1M new jobs in IT, BPO
MANILA - The country’s information technology and outsourcing sector is bullish on its target to generate one million jobs until the end of President Rodrigo Duterte’s term in 2022, an industry leader said Wednesday.
The new job openings will likely be in contact centers, software development, health care and analytics, IT and Business Process Association of the Philippines chairman Dan Reyes told ANC’s “Market Edge with Cathy Yang.”
Reyes said improving internet infrastructure in the countryside was important to meeting the job generation goal.
source: www.abs-cbnnews.com
Friday, November 8, 2013
Looking for a job in IT? Try this online software
MANILA – Seeking a job in the information technology (IT) industry has been made easier and more interesting by two Filipino developers, who created a “gamified” online platform that matches jobseekers with suitable employers.
Created by University of the Philippines (UP) Cebu graduates Honeylyn Balingcasag and Ademar Tutor, Codetoki allows fresh graduates to showcase their coding talents to companies searching for qualified applicants.
The jobseeker and the employer will be matched based on points earned through coding challenges.
“Ideally, Codetoki will bridge the gap between what the industry needs and what the academe produces,” said Balingcasag, a management graduate from UP Cebu.
“Codetoki aims to help fresh graduates with no industry experience hone their skills and showcase their potential to companies. It will also ease the companies’ pain in their search for qualified applicants,” she added.
The software industry in the Philippines has grown rapidly with $1.16 billion export revenues by the end of 2012, according to Philippine Software Industry Association (PSIA) president Joey Gurango.
Despite this, talent supply remains to be a challenge to the industry.
Codetoki not only aims to beef up the quality of the computer science and IT talent supply, but also enables coders to build their portfolio online.
Its gaming aspect also makes the process fun for students and jobseekers, and for anyone who wants to learn Ruby, PHP or Javascript.
“We want to send a message to students to keep learning because the opportunities available are grand. There are resources like Codetoki available online and mostly for free. The basic knowledge of programming can be self-learned. What they need is the right attitude to take control of their careers,” Balingcasag said.
Balingcasag and Tutor said they aim to offer Codetoki in the future to other countries with similar problems of employability and talent supply shortage.
Balingcasag and Tutor, a computer science graduate, also founded programming Ruby on Rails and design shop Bootyard.
Codetoki placed third and won the Best in Social Enterprise App award at the “Startup Weekend in Cebu” in 2012.
The Codetoki team also won first place in AppBridge, an initiative of the World Economic Forum (WEF) and the Forum of Young Global Leaders (YGL) in 2012, and in AppsForAsia, a competition sponsored by Microsoft and Asian Development Bank (ADB).
source: www.abs-cbnnews.com
Tuesday, October 1, 2013
Intel invites Pinoys to 'look inside'
MANILA, Philippines - IT giant Intel is hoping to entice more Filipinos to "look inside" with their latest campaign.
Through the Intel Experience Zone (IEZ), which runs until October 9, Filipino consumers will be given the chance to experience a wide range of devices powered by Intel – from notebooks, ultrabooks, tablets, all-in-ones, 2-in-1s and smartphones – in an effort to show them how to make the most out of their lives using technology.
"IEZ is a platform for us not only to bring our innovations closer to consumers, but also to show how these unique form factors can heighten the experiences of different user profiles and personalities,” said Randy Kanapi, Intel marketing manager.
The three-week long exhibit, that started last Friday at SM Megamall in Pasig and Festival Mall in Alabang, features Intel's product partnerships with IT brands Acer, Asus, Dell, HP, Lenovo, Polaroid, Samsung, Sony and Toshiba.
“Through IEZ, we are also able to show them the exponential possibilities of what they can do using computing technology,” he added.
In line with showing Filipinos what technology is capable of, Intel has also launched the Intel Test of Time, which profiles users and matches them with the Intel-powered device that best suits them.
The Intel Test of Time can be accessed through the company's website, intel.ph, and will run until October 31.
Looking towards the future
Intel Philppines Country Manager, Calum Chisholm, said Intel will be partnering with three major local brands in the coming months to provide Filipinos with more affordable tablets.
"We're actually working with vibrant local brands," said Chisholm.
Intel earlier launched a partnership with the local arm of Polaroid to release the Polaroid Elixir 7 and Elixir 10, an Intel-powered tablet which price starts at 6,400.
Chisholm said the products are expected to be released within the fourth quarter of this year. He also hopes that the products will attract more first-time buyers in the country.
"If we can start to offer tablets for P6,400, that's a big jump from an Intel perspective," said Chisholm.
source: www.abs-cbnnews.com
Tuesday, April 2, 2013
BPO industry bullish on growth this year
MANILA, Philippines - The business process outsourcing (BPO) industry expects to continue its sustained growth this year, an official of outsourcing service provider Transcom Philippines said.
Siva Subramaniam, country manager and head of sales for Transcom Philippines and the Asia-Pacific, said BPO revenues reached $13.5 billion in 2012, citing data from the latest Business Process Association of the Philippines quarterly survey.
"We have seen the direction of BPO revenues to be going up since 2009. In 2012 alone, companies generated $13.5 billion in revenues, slightly higher than the $13 billion target and 22-percent more than the previous year’s $11 billion projection. We are, therefore, able to surmise that stability for BPO revenues are indeed consistently going higher with employment record of 720,000 entering 2013. This momentum is good for the country,” Subramaniam said in a statement.
The BPAP-O2P survey showed high optimism in the industry in the next 12 months, despite concern over availability of adequate and dependable workers. The survey was conducted among 179 executives in 20 IT-BPO and shared services companies.
Meanwhile, the Information Technology and Business Process Association of the Philippines (IBPAP) expects the Philippine information technology and business process management and global in-house center to generate $16 billion in revenues by the end of 2013.
Revenues are expected to reach $25 billion by 2016. The industry is expected to provide 1.3 million direct jobs and 3.2 million indirect jobs.
"Yes, our outlook and forecast is similar to that forecast by IBPAP. We expect to grow 35% employees by end of this year. Perhaps our plans could be a bit aggressive but any growth we see from our current staffing levels would be seen as significant," Subramaniam said.
Subramaniam said Transcom's growth will be driven not just by the growth of its international clients but domestic or local customers as well.
"The Philippine economy is growing and so is the need for support services to achieve its economic gains. The BPO industry is well prepared to address the country's growth," he added.
Transcom acquired a Canadian-owned company, Nucomm International on 2007 and built its first Philippines showcase center in Frontera Verde, Pasig City.
source: abs-cbnnews.com
Thursday, March 28, 2013
Hackers deface IT site of Manila Bulletin
MANILA – Hackers claiming to be members of “Anonymous” defaced the information technology section of Manila Bulletin’s website on Thursday.
The hackers defaced the whole section, leaving a message for “fake anons,” or those who use the handle “Anonoymous” for their own gain.
“It may already have come to your attention the issue about those fake anons who, for themselves use the handle anonymous for their own individual purpose. You may also already know about the fast-spreading Operation called #OpFakeAnons,” the message read.
“#OpFakeAnons will eliminate those who hack and use the handle of 'Anonymous' for their own gain. WE Will DEFAME you. We will DIRTY your name. We will end your 'Hey-Look-I-Hacked-A-Website-I'm-A-Star' era. For those self-proclaimed hacking groups bragging the name of anonymous are fake,” the group added.
The message also contained Facebook links to pages of other hacker groups.
source: abs-cbnnews.com
Saturday, June 30, 2012
Govt unveils platform for online services, inter-agency data sharing

MANILA, Philippines — If you’re tired of waiting in long lines when transacting with government agencies, a recent initiative by the Information and Communications Technology (ICTO) will soon bust those queus and bring those transactions online.
The project, announced by the government on Thursday, is the latest in a bid to strengthen the online presence of citizen-facing government agencies through the launch of a common platform that will encourage the delivery of online services to the masses.
Dubbed the iGovPhil (Integrated Government Philippines) project, the platform will put up shared services, a common payment gateway system, and a national records management system for a number of government agencies.
Earlier, ICTO Executive Director Louis Casambre said the project has received about P500 million in funding.
During the launch of the project at the National ICT Summit conducted at the Crowne Plaza Hotel in Ortigas, executives from the ICTO said building the platform is essential for promoting e-Government in the country.
Denis Villorente, officer in charge of the National Computer Center and one of the proponents of the project, cited results from the recent UN survey on e-Government which showed how the Philippines fell to rank 88 in 2012 from rank 31 in 2005 in terms of providing online services to its citizens.
“Even Vietnam has overtaken us in terms of the world e-Government rankings,” Villorente said. “It’s a challenge for us to look at how we are implementing e-Government in the Philippines so we can really move up in terms of performance.”
The project, according to Villorente, will address common ICT-related problems in government, such as the lack of infrastructure and manpower, the high cost of technology, the lack of integration among government agencies and the lack of connectivity in rural communities.
Building the government cloud
The iGovPhils project will initially have three core components: one, the establishing of a shared services platform from where agencies can deploy their online services; the creation of a common payment gateway for government; and the building of a national records management system.
The first component will see the establishment of two government data centers, one in Manila and another in Cebu, from where agencies can co-locate their servers to support their online services.
Villorente said having such a common infrastructure is important to promote trust among citizens in transacting with the government online.
“It will allow a trusted environment for citizens to access your services online. GSIS and SSS are deploying kiosks for their services, why can’t we do this over the Internet?” he asked.
“Such transactions would require a secure environment, because people would hesitate [transacting] without an infrastructure like this one,” he added.
The second component will provide a common secure online payment gateway for the use of all government agencies. This will be integrated into the e-Serbisyo project of the government, which will see the overhaul of the main government portal (http://www.gov.ph) into a central information portal for all government services.
“This will make the gov.ph website truly a government portal where citizens can access services online from a single location,” Villorente said.
Lastly, the ICTO will also be putting up a National Records Management System, which will facilitate the sharing of citizen data among various government agencies.
“We want to create a Philippine Interoperability Framework, so that it will be easier for us to talk to each other through data, applications, and services,” the NCC executive said.
Expanding connectivity
These online services, however, will be useless if majority of Filipinos remain disconnected to the Internet, a reality which ICTO hopes to address through the recent launch of the TV White Space (TVWS) initiative.
TVWS are unutilized television frequencies in the VHF and UHF bands, the standards for which has been issued by the Institute of Electrical and Electronics Engineers (IEEE) under IEEE802.22, or similar to the standards used for Wi-Fi networks.
“The range [of TVWS] is 30 kilometers over water and through concrete. This technology can really put the remotest barangay within real-time reach of the government,” said ICTO’s Casambre, at the same time noting how a large proportion of the citizenry — around 70 percent — remains unreachable through broadband connectivity, even as the Philippines has been touted as the “social networking capital of the world” with a 95-percent penetration on Facebook.
Available TVWS equipment reportedly have as much as 6Mbps of data throughput delivered at a maximum range of 10 kilometers, meaning less base stations are required to deploy wireless broadband connectivity.
“We are very excited with this new technology,” said Executive Director Casambre. “For the first time ever, I think we finally have a solution to address the issue that a significant percentage of our population cannot reap the benefits of Internet connectivity because of the unavailability of infrastructure.”
source: interaksyon.com
Saturday, May 19, 2012
MVP group's search for next tech startup idol starts with school boot camps

MANILA, Philippines - The search for the next big thing in Philippine IT innovation has begun as the MVP group of companies starts a series of boot camps in Metro Manila schools.
Also known as IdeaSpace, the P100-million fund aims to fuel the technology startup ecosystem in the country by leveraging the core strengths of businesses under the MVP group.
The group’s technology incubation hub jump-starts with the "Technology Technopreneurship Program,” which will be held for two successive Saturdays at the Mapua Institute of Technology, in partnership with the Junior Chamber International (JCI) Manila.
The boot camp will pool together a group of mentors from various fields of technology, including representatives from Smart, Meralco, and other successful technology start-up firms that have made their own mark in the country.
The event will culminate in a pitching competition on May 26, with potential tech startup idols will present their technology ideas and business plans to a panel of judges composed of industry experts, angel investors and venture capitalists.
Team presentations will be judged according to market need, team execution, innovation, and industry synergy, organizers said.
“A key to a vibrant and successful start-up ecosystem is the relationship with the academe," said Marthyn Cuan, CIO at Meralco and IdeaSpace founding officer. "Events like the JCI-MIT Technopreneurship Bootcamp can help spark this ecosystem down to the grassroots level in schools. This is part of our advocacy at IdeaSpace.”
Boot camps in other major universities in Metro Manila are also in the pipeline, organizers said.
IdeaSpace is a program hatched to re-create the successful Silicon Valley ecosystem that has launched technology start-ups such as Facebook, Google, and Twitter into the technology giants that they are today.
Once admitted to the incubation hub, each start-up would have to undergo a structured program hosted by the Leadership Academy, “to teach them the fundamentals on how to run a successful and scalable business.”
Benefits include mentorship by executives from the MVP group of companies, access to resources including legal assistance and advice, operational control, and a clear partner route to markets served by any company in the group – whose range of business translate to millions of households, subscribers, motorists and others.
MVP group partners for the program include Metro Pacific Investments Corp., MPIC Hospital Group, PLDT, Meralco, Smart, Digitel, SPi Global, ePLDT, Indofood, Philex Mining, Maynilad, MediaQuest, and TV5.
source: interaksyon.com
Monday, April 16, 2012
Google fined $25,000 for street data collection

WASHINGTON — Google Inc faces a $25,000 fine for impeding a U.S. investigation into the Web search leader’s data collection for its Street View project, which allows users to see street level images when they map a location.
The Federal Communications Commission said the company had collected personal information without permission, and cited evidence that Google had “deliberately” refused to cooperate with the agency.
“Google refused to identify any employees or produce any e-mails. The company could not supply compliant declarations without identifying employees it preferred not to identify,” according to an FCC order dated April 13.
“Misconduct of this nature threatens to compromise the commission’s ability to effectively investigate possible violations of the Communications Act and the commission’s rules.”
Google could not be reached for comment.
Between May 2007 and May 2010, Google collected data from wifi networks throughout the United States and throughout the world as part of the Street View project, which gives users of Google Map and Google Earth the ability to view street level images of structures and land adjacent to roads and highways.
However, Google collected passwords, Internet usage history and other highly sensitive personal data that was not needed for its location database project, the FCC said.
Google publicly acknowledged in May 2010 that it had collected the so-called payload data, leading to an FCC investigation on whether it had violated the Communications Act.
source: interaksyon.com
Sunday, April 15, 2012
In Silicon Valley, designers emerge as rock stars
SAN FRANCISCO — Five years ago, Justin Edmund arrived at Carnegie Mellon University, a floppy-haired freshman, with artistic talent and dreams of joining a venerable design firm like IDEO or Frog. But during his sophomore year, a recruiting pitch from a Facebook employee turned his head, and prompted a detour of his ambitions.
“It didn’t even occur to me that working at a tech company was something I could do,” Edmund said. “I switched my trajectory completely.”
So, in 2010, Edmund interned on Facebook’s burgeoning design team, and, after graduation, landed a job at Pinterest. There, at just 21, he has played a central role in building the virtual scrap-booking site into one of the hottest startups on the Internet.
Edmund isn’t alone. Inspired by the legacy of Steve Jobs and lured by the promise of the current tech boom, young designers are flocking to Silicon Valley, where they’re shaking up a scene long dominated by engineers and programmers.
The new breed of “user experience” designers – part sketch artist, part programmer, with a dash of behavioral scientist thrown in – are some of the most sought-after employees in technology. Entry-level interactive designers at startups are commanding salaries easily topping $80,000, almost twice the median pay for primarily print designers of about $45,000, according to a recent survey by the American Institute of Graphic Arts.
In-house talent
Top venture capital firms, from Google Ventures to Andreessen Horowitz, are hiring in-house designers to help the young startups in their portfolios. One angel investor has even established a Designer Fund to identify startups driven by design talent.
To feed demand, new digital design programs have sprouted over the past two years, at both elite engineering universities such as Stanford, and art schools like the California College of the Arts. The School of Visual Arts in New York has seen applications for its digital design program soar by 43 percent since its inception in 2009.
Indeed, the flourishing of digital design reflects the Valley’s evolution, entrepreneurs and investors say.
In the latest generation of innovation, heavily concentrated in applications for mobile devices and social networks, and relying on ever-cheaper cloud-computing services, success depends not on whiz-bang technology, but rather, on a subtle sense of how to make features useful and engaging.
The most recent example is Instagram, the slick photo-sharing app that was snapped up by Facebook earlier this week for $1 billion. The 12-person company’s founding duo includes Kevin Systrom, who majored in Management Science and Engineering at Stanford, and Mike Krieger, who describes his background as “Human-Computer Interaction and User Experience.”
“There’s a growing recognition that it’s critical for a company’s first employees to be people with great design sense,” said Eric Feng, founder of Hulu and Erly, an evite- and photo-sharing company, and a former partner at venture capital firm, Kleiner Perkins Caulfield and Byers. “That’s true even if you look at larger companies like Google and Facebook, who have moved in that direction.”
To be sure, engineers still occupy a rarefied perch at the top of the Silicon Valley hierarchy, and are the target of the fiercest recruiting battles.
Visual appeal
But even Facebook, famous for a culture that glorifies the “hacker way,” now talks of integrating “design thinking” into its products and has steadily beefed up its design studio.
From her team’s brightly-colored studio in Facebook’s Menlo Park offices, design chief Kate Aronowitz dispatches designers who are paired with an engineer, a product manager and sometimes a researcher to conceive new products or improve features such as user profiles or messages.
The embrace of design starts at the top with CEO Mark Zuckerberg, who has stressed the importance of building a crack design team, Aronowitz said.
In a highly competitive recruiting climate, it’s not uncommon for even Facebook to encounter top design talent playing hard to get. For the toughest cases, Aronowitz plays her trump card: She asks Zuckerberg to place a personal phone call.
“When they’re not returning my email, that tends to work,” said Aronowitz, who herself was poached by Zuckerberg from LinkedIn in 2009. “I’m lucky to have that in my back pocket.”
The spotlight fell squarely on the design team last November, when Facebook credited Nicholas Felton, one of its data-visualization experts, with conceiving the Timeline interface which has become one of Facebook’s most significant overhauls in recent years.
For fledgling startups, it’s even more critical to understand how design affects user behavior, said Dave McClure, an angel investor who cited the example of Mint, an online tool for managing personal finances acquired by Intuit in 2009.
Jason Putorti, the startup’s designer founder, lent the Mint interface “much more warmth,” which was crucial for a startup that dealt with sensitive information, McClure said. Design, he added, “made the app feel trustworthy, comforting, functional.”
Last year, McClure put down money to create the Designer Fund, a program that identifies entrepreneurs with strong design backgrounds and offers seed money and mentoring from experienced founders like Putorti and Chad Hurley, of Youtube. The fund, headed by Enrique Allen, a 25-year old graduate of Stanford’s design school, has partnered with more established venture investment firms like Khosla Ventures, Andreessen Horowitz and Kleiner Perkins.
“We’re reshaping a lot of how you build a company,” McClure said. But, he added, “there’s still a resource and talent shortage” for interaction designers.
Scouting for artists
Finding exceptional design talent, though, is not a simple matter. Last year, Kalvin Wang, the co-founder of Ridejoy, a service that arranges carpools, said he spent several “incredibly hard” months recruiting an interaction designer.
Dirk Cleveland of Riviera Partners, a Silicon Valley headhunting firm, said startups have trouble finding a design “unicorn” – the rare designer with the interactive digital skills that many app startups require.
“It’s literally the toughest position to fill right now,” Cleveland said. “That equation of supply and demand is out of balance. Engineering education has progressed, and startups have learned to do more with limited resources, but I don’t think that’s the case for design.”
Even though he sifted through 150 resumes, Wang said, “There are so many startups and so many tech companies that are snapping them up. It’s slightly ridiculous.”
Ridejoy interviewed candidates from Toronto, New York and the Midwest, and ultimately hired a Parsons School of Design graduate living in Omaha.
“You do really have to look outside Silicon Valley,” Wang said. “For Bay Area designers, they have literally hundreds of options and they’re going to work at a place where they know people, or a big name like Google.”
The sizzling job market hasn’t escaped the notice of design schools across the country.
Liz Danzico, founding director of the School of Visual Arts’ masters program in Interaction Design, said the original goal was simply to understand where the new innovation economy field was going. “Experience is now the material, not ceramic or plastic,” she said.
Still, Danzico expected most graduates to stay in New York — the traditional hotbed of design. She was “really surprised” to find, in a survey of her first graduating class, that almost half ended up on the West Coast at companies including Apple, Facebook, Twitter and Yelp.
Meanwhile, at Carnegie Mellon, Kelly Lau-Kee, a junior industrial design major, said “there’s huge buzz generated by the students, the employers, even the professors” about the prospect of work in Silicon Valley.
On any given day, Lau-Kee said, she’ll spot pictures on Facebook and Instagram shared by friends currently employed by startups. They paint a heady picture of life in California, of snazzy workspaces, hip coworkers and sunshine spilling into every frame.
“A lot of people like the mentality of work and play, which the startups advertise really well,” she said. “It’s a culture we really want to check out.”
Wayne C. Chung, the chair of Carnegie Mellon’s industrial design program who taught Edmund, the young star at Pinterest, said the new economics of the profession was evident on college grounds. Traditional design firms, buffeted by the last recession, have noticeably cut back on recruiting, while tech companies have maintained a visible presence on campus, he said.
After this semester, Chung expects another sizeable contingent of his graduates to make their way West to Silicon Valley.
“In their hearts and eyes,” Chung said, “they don’t see anything else as nearly as exciting.
source: interaksyon.com






