We are already in the second month of the new year, time really flies fast, this is my first letter of the year to all of you and I would like to, on behalf of all of us at Impelsys, start by conveying warm wishes of success and good health in 2019. The year 2018 was by far the best year in our history as we beat our revenue and profitability goals. I want to thank each one of you for supporting us over the years.
Artificial Intelligence Leading the Change in Academic Publishing
AI uses computer algorithms to replicate the human ability to learn and make predictions. Masayoshi Son, the founder of tech giant SoftBank and the richest man in Japan, says he is devoting 97% of his "time and brain" to the scientific field of artificial intelligence. It may seem the companies he’s investing in operate in disparate industries like agriculture, transport, satellites, payments, computer chips, and ecommerce, but one common theme among all of them is artificial intelligence.
Book publishing is one of the oldest industries of the world having survived for over five centuries. Over the turn of the 21s century digital enwrapment of human lives has been so thorough that the reading habit is reported to be on decline for the first time in all these centuries. The amount of entertainment and information at our disposal has diverted attentions away from books towards visual and audio rich, brief content, created for individual appetite.