At its basic level, Digital Transformation requires a) the innovative application of technology to b) improve something that ultimately c) drives value. These three components are interlocking, as a set of gears in a well-oiled machine — utilizing eight proven business principles.
Source: No Jitter
Over the last three years alone, more than 2,500 distributed ledger technology patents have been filed, $1.4 billion in venture capital investments have been made, and the leading blockchain consortium boasts 45 of the world’s largest financial institutions.
Source: World Economic Forum
New research has uncovered data that suggests the FinTech sector in Africa is now poised for exponential and rapid growth that will challenge existing financial services providers, despite the fact that it’s in the early stages of adoption relative to the rest of the world.
Source: Digital Lifescapes
The technology sector posted a year-over-year decline of 2.1% and a quarter-over-quarter decline of 6.8% in the first quarter of 2016. The Internet sub-sector remained the growth driver, despite currency volatility, reporting an 11% year-over-year growth.
Old-school American marketers guide budgets. eMarketer estimates that digital — which includes mobile — is still second to TV advertising spend in the U.S. market. eMarketer expects outlays on digital ads will reach $68.82 billion in 2016, while TV spending will total $70.60 billion.
CompTIA finds that 23 percent of channel companies surveyed say they’ve already made money from Internet of Things offerings, compared to just 8 percent in 2015. Looking forward, one-third of channel firms expect to make money from IoT in the next 12 months.