Open Digital Innovation: Seizing Policy Opportunities
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.
via OECD
Data Protection and the Future of Financial Services
“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.”
B2B Virtual Cards will Expand Global Online Payments
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.
Digital Economy Reached 6.9 Percent of U.S. GDP
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.
Facial Recognition: 16 Industries Ready for Transformation
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
IT Security Solutions Spending will Reach $133.8 Billion
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.
The Antihero Leaders of Digital Transformation
Transformational change often requires leaders to adopt an “antihero” style, characterized by empathy, humility, self-awareness, flexibility, and an ability to acknowledge uncertainty.
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