Feb 8 – 5 Key Stories From The Digital World

By February 8, 2019 Insight

1. Goldman Sachs Bets On Hip Hop And Millennials For Music Revival

  • Streaming platforms take center stage in Goldman Sachs latest forecast that music revenue is going to more than double to about $131 billion by 2030.
  • R&B and hip-hop are music’s most consumed genre and leading the industry’s revival. In 2017, Goldman found live music, publishing and recorded songs made $26 billion, $6 billion and $30 billion respectively.
  • Investors may have the chance to capitalize on music downloads in a new innovative way as Swiss-Asia kicked off its royalty backed music note amidst a volatile market. The fund has a target size of $100 million for securities linked to royalties generated from song rights.

2. 6 Ways to Implement AR/VR into Your Business Today

  • Rather than answering customer questions about a product with simple words, use augmented or virtual reality to show the customer what the item, service, or experience would be like for them personally.
  • Millennials (those born between 1980 and 2000) are the largest generation in American history. They are the most important consumer type to most businesses, with an estimated spending power of around $10 trillion over their lifetimes.
  • Personalizing the employee experience can garner amazing results, especially when it comes to worker hiring, training, and retention. AR and VR offer exciting new ways to provide personalized learning experiences to your employees, potentially boosting productivity and cutting HR costs.

3. McKinsey Report: Scaling and accelerating a digital transformation

  • In addition to standing up a journey team, we also set up a “journey accelerator,” a small central team focused on codifying the methodology and setting the program up to scale.
  • Part of the challenge and part of the opportunity within the digital transformation was to look at how we were changing the mind-set of a traditional business.
  • Embedding experts from key business areas into these cross-functional journey teams built that proof of trust.

4. How Estonia became one of the world’s most advanced digital societies (video)

  • Physical ID cards are paired with digital signatures that citizens use to pay taxes, vote, do online banking, and access health care records.
  • 99% of Estonia’s public services are available online 24/7. It takes under 5 minutes to fill out taxes online, approximately 1/3 of citizens vote online, and 99% of prescriptions are issued electronically.
  • For a small country, the impact of digital signatures has been big, saving the government an estimated 2% of GDP/year in salaries and expenses

5. Bitfury Partners With R&D Firm to Launch Crypto Mining Center in Paraguay

  • The new mining operation is in partnership with Seoul-based research and development firm Commons Foundation.The collaboration is backed by the government of Paraguay, whose goal is to make the South American country a cryptocurrency mining hub.
  • will help to facilitate the innovation of blockchain technology and cryptocurrencies across Spanish-speaking countries.
  • Paraguay is known for its supply of cheap and available electricity. At one point, the country generated so much hydropower its factories could barely absorb them, forcing the state to sell the surplus units to neighboring countries at below-market rates.