To an ever-increasing extent, open innovation is digital. Most innovations today are new products, processes or business models at least partly enabled by digital technologies or embodied in data and software.
“92 percent of those surveyed agreed that companies must be proactive about data protection. The good news for banks: most consumers (42%) trust them more than any other industry, apart from hospitals.”
According to Juniper Research, the annual value of virtual cards (e.g. temporary card numbers only available for a single transaction or limited time) used by businesses will grow by 90 percent over the next four years — exceeding $1 trillion by 2022.
The American digital economy accounted for 6.9 percent of the U.S. gross domestic product (GDP), or $1.35 trillion, in 2017, according to a new batch of statistics. The digital economy also supported 5.1 million jobs in 2017.
From screening patients for clinical trials to assessing the emotional state of drivers, CB Insights outlines how facial recognition technology is shaping the future of commerce.
via CB Insights
Three industries will spend the most on security solutions in 2019 — banking, discrete manufacturing, and federal or central government — will invest more than $30 billion combined. Three other industries (process manufacturing, professional services, and telecommunications) will each see spending greater than $6 billion this year.