April 29 – 5 Key Stories From The Digital World

By April 28, 2019 Insight

1. How Automation Is Impacting Enterprises In 2019

  • top three RPA software companies are approaching values in excess of 10 billion
  • most successful companies in the world today run on software and employ fewer employees than their predecessors
  • Facebook employs only 25,000 people…generates a staggering $1.6 million in revenue for each one

2. Transforming risk efficiency and effectiveness

  • digitization permits institutions to embed automated real-time (or near-real-time) risk controls within core processes
  • Digitization and advanced analytics are indeed the only viable approach for managing many types of nonfinancial risk, including cyberrisk, fraud, and third-party risk, that involve monitoring thousands or even millions of touchpoints
  • AI can directly enhance the efficiency of risk-specific processes—as demonstrated in the previous example of AML monitoring

3. FCC clears SpaceX to fly internet satellites in lower orbit

  • fly over 1,500 of its Starlink satellites at a lower orbit of ‘just’ 550km
  • lower flight path allows coverage with fewer satellites, lowers latency and reduces the chances of space debris
  • company is facing impending rivalries like Amazon’s 3,236 planned internet satellites

4. 5 companies are testing 55 self-driving cars in Pittsburgh

  • five companies — Aptiv, Argo AI, Aurora, Carnegie Mellon University, and Uber
  • all 55 use some combination of sensors, lidar sensors, cameras, GPS systems, telematics, and software to keep track of other vehicles and pedestrians
  • California’s, where 62 companies have deployed a collective 678 autonomous cars

5. Heathrow to Introduce Biggest Facial Recognition Technology in the World

  • they’re calling the largest biometric technology rollout in the world
  • will install facial recognition technology at check-in, bag drops, security lanes and boarding gates in an effort to make the travel experience more seamless
  • new technology is expected to reduce an average passenger’s time from check-in to take-off by up to one-third