According to PwC, "Financial technology—FinTech for short— describes the evolving intersection of financial services and technology. The term can refer to startups, technology companies, or even legacy providers."
FinTech helps companies manage financial operations and processes. The term has become synonymous with all things finance; however, FinTech market segments generally encompass:
digital payments (Ex. PayPal; Google Wallet)
alternative financing (Ex. Kickstarter; Indiegogo)
alternative lending (Ex. LendingClub; Prosper)
personal finance (Ex....Continue reading "What is FinTech?"...
This French-made map from 1785 was the first to bear forms of the word “Michigan” applied to a land area. It was also one of the first to recognize the fledgling country by its chosen name, United States, here in the French, Etats-Unis.
Of the suggested names for 10 new states to be made of the Northwest Territory, only two came close to being adopted: Michigania and Illinoia.*
Additionally, a lake off the Mississippi River near today’s Memphis is called “Lac des Meichigamia.” Nearby a line marks the supposed path of Ferdinand de Soto’s party more than 240 years...Continue reading "We Were Almost Michigania"...
You've heard of IBISWorld for industry research, but have you heard of ProcurementIQ?
ProcurementIQ is a division of IBISWorld that helps purchasing professionals and supply chain researchers gain valuable insight into almost any product or service category.
Procurement research reports provide essential data on topics like pricing dynamics, product characteristics, supplier benchmarking, supply chain risks, and negotiation questions and tactics.
Similar to other Gast Business Library resources, ProcurementIQ also provides independent data and analysis from trusted...Continue reading "ProcurementIQ for Supply Chain"...
This map depicts Michigan oddly with no thumb and with a range of mountains extending down to Florida. It carefully marks waterway portages that link the Great Lakes with the Mississippi river system and points out several mines including one of copper at present day Chicago. Everything west of the Mississippi is a complete blank.
The map is based an interesting amalgam of source material. Dutch mapmaker Corneille Mortier closely modeled it on English bookseller Robert Morden’s 1695 map of the American colonies. The English colonies, therefore have good detail, and it includes an...Continue reading "Michigan With No Thumb"...
Formatting citations in a style like APA is a standardized means of giving credit to the person or company who created the content you use. If you've written an academic paper, or even a case study, you've probably been asked to cite your sources.
The citation style usually depends on the academic discipline involved. For example:
MLA style (Modern Language Association) is typically used by the Humanities
APA style (American Psychological Association) is commonly used by Education, Psychology, and Business
Chicago (University of Chicago) is generally used by History and some of... Continue reading "Citing Business Information"...
From 1622 to the middle 1700s European mapmakers were drawing California as an island separate from North America. In 1701 Jesuit missionary Father Eusebio Francisco Kino walked around Baja California and proved that California was not an island. It took some time, however, for this knowledge to seep into the cartographic record.
On our exhibited 1700 map of the World, the Great Lakes appear in an early ambiguous form. Other maps from this time had more accurate shapes for the lakes and documented their proximity (and lack of connection) to the Mississippi River system. ...Continue reading "California as an Island"...
If you're an entrepreneur, you've probably heard of PrivCo.
PrivCo is often considered the authority on private company financial data. The database provides coverage on more than 940,000 privately held firms, 19,000 investors, and 154,000 funding rounds, and it's one of over 100 databases that the Gast Business Library subscribes to.
Recently, PrivCo added an additional 100,000 executive contacts! They've also improved export functionality within the database, and they're continuing to add and iterate private market content for researchers, entrepreneurs, and anyone who may...Continue reading "The Bloomberg of Private Companies"...
According to Forrester Research, Business Intelligence is "A set of methodologies, processes, architectures, and technologies that transform raw data into meaningful and useful information…”
One resource which transforms raw data into meaningful information is called Passport GMID.
Passport GMID provides information on countries, companies, markets and consumers. It provides comparable statistics for more than 200 countries, including economic indicators, health, consumer spending, lifestyles, and more.
This MSU Libraries database also provides valuable brand share...Continue reading "Brands in the World"...
Michigan was swarming with settlers in the 1850s. As the rural population rose, counties were organized, split, and reshaped at a fast pace. Settlers were eager to buy maps that reflected the newest information and relied on mapmakers to pay attention to such developments.
This map contains numerous errors in county boundaries. The Tuscola, Huron, and Lapeer County boundaries date from 1845. Charlevoix County is shown, but had been eliminated 4 years prior in 1853 (it would be resurrected in 1869). Leelanau and Manitou Counties had been created, but don’t appear (for some...Continue reading "An Error-ridden Map of Michigan"...
Home to just over 10 million people, Michigan’s 14 metropolitan regions are supported by a host of industries, including construction in Kalamazoo, information technologies in Ann Arbor, and financial services in Detroit.
How good is Michigan for business though?
According to a 2018 study from CNBC, Michigan ranks 11th out of all 50 states for business, and 3rd for technology and innovation. The fastest growing careers in the Great Lakes State include: Health Specialties Teachers (+25.4%), Physician’s Assistants (+30%), Software App Developers (+31%), and Nurse Practitioners...Continue reading "Michigan for Business"...