June 10 – 5 Key Stories From The Digital World

By June 10, 2019 Insight

1. Blockchain and retail banking: Making the connection

  • Cross-border payments total around $600 billion annually, and the market is set to maintain its recent growth of around 3 percent a year, driven by international trade
  • McKinsey estimates that blockchains applied to cross-border payments could save about $4 billion a year
  • Consumer identities should be created on the blockchain, enabling banks to offer real-time loan decisions based on authenticated ID

2. Marketers: Manage Your Automation Portfolio

  • broader automation including AI, robotics process automation (RPA), and other implementations should free up resources from the repetitive and mundane
  • Forrester estimates a 2.5–4.0 full-time-employee savings from RPA implementations
  • The most acute brand risk will be when you use AI to deliver new experiences — but you have not really tested the common-sense, human response

3. How blockchain can improve the aviation industry

  • PwC analysis has found that efficiency gains enabled by blockchain could increase industry revenue by as much as 4 percent annually, or $40 billion, while cutting maintenance, repair, and overhaul (MRO) costs by about 5 percent annually, or $3.5 billion
  • With its ability to provide verifiable maintenance records that are updated in real time, blockchain could extend that value to the entire aircraft
  • if the provenance and usage of parts were tracked via a blockchain-enabled solution, only those parts showing high or unusual wear and those required by regulations to be visually inspected might need to be examined more closely

4. Walmart’s JetBlack personal shopping service customers are spending $1,500 per month

  • JetBlack is a standalone e-commerce business incubated by Walmart, and will deliver products from other retailers as well
  • a concierge-style experiment in conversational commerce where customers text requests, then receive product recommendations
  • Walmart says the service is aimed at busy, urban parents looking for more efficient ways to shop by combining the convenience of online shopping with the expert attention of a personal assistant

5. Kubernetes at 5: Joe Beda, Brendan Burns, and Craig McLuckie on its past, future, and the true value of open source

  • At a time when open-source enterprise software is at a crossroads, wracked by debates over licensing and monetization, Kubernetes stands as an unqualified success
  • Kubernetes has been one of the few open-source projects to make an outsized impact on distributed computing with a minimum of drama between users, maintainers, and vendors
  • no question that companies modernizing their applications around containers are paying close attention to the potential of Kubernetes to serve as a bridge across multiple cloud providers