2016: The Year in Review | Page 7

THE YEAR OF THE TUNA'S 2 016 has been a year characterised by the TUNAs: Tesla, Uber, Netflix, AirBnB. These, along with the reigning GAFAs (Google, Amazon, Facebook, Apple), have been referred to as the ‘disruptors’. This is due to their disruptive nature to the existing order of the economy. Such companies are unprecedented, and during 2016, the growth of the TUNAs has been exponential, and can they can be predicted to become the some of the world’s most powerful companies? Mark Zuckerberg announced his ‘smart home’, an Artificial Intelligence programme voiced by Morgan Freeman. There is talk of an acquisition of Spotify by Facebook, which might be the right move for it as it intends to monopolise the social media industry. Alphabet, the new umbrella company of Google, has become a world-leading conglomerate, building up a portfolio that encompasses various industries, including technology and life sciences. It will therefore play a significant role in the rise of autonomous cars (Waymo) and home automation (Nest Labs). Elon Musk’s Tesla will completely disrupt and redesign the automotive industry and pave the way towards electric and driverless cars. Uber has made its way into the vocabulary of most millennials, having revolutionised the taxi service industry, while also encountering legal issues, particularly in the UK, regarding the ‘self-employed’ status of Uber drivers. This is an example of the legal obstacles that may continue to hinder the innovation of the TUNAs, because the legal system has yet to catch up with technology. Amazon and Netflix both compete in the entertainment industry, but it seems likely that this battle will matter little for Amazon, which like Google, Facebook, and Apple, is too becoming a digital conglomerate. Boasting delivery services, cloud technology, and its own technology, with the release of the Amazon Echo in September 2016, it can only be predicted to further branch out into numerous industries and diversify any risk. The years ahead are going to be the years of the disruptors. TAMARA JACOBS 07