November 11 – 5 Key Stories From The Digital World

By November 9, 2019 Insight

1. Why industrials should pursue a tech-enabled transformation now

  • can equip industrial companies to increase revenues, expand margins, and pursue new revenue streams with different business models
  • By 2020, millennials will account for 50 percent of the US workforce, rising to 75 percent globally by 2025
  • industrial companies must embrace technology and replace manual tasks with more thought-provoking, challenging roles

2. 5 Ways Ant Financial & Tencent’s Fintech Growth Playbooks Are Evolving

  • build a powerful flywheel effect by using payments as a customer acquisition engine into higher-margin financial services for its 800M-900M users in China
  • Ant and Tencent continue to dominate third-party mobile payments in China, which saw $7.8T in transaction value in Q2’19
  • small businesses account for 90% of all companies in China and contribute more than 60% of economic output

3.  The Vision Fund’s Investment Pace Slows

  • So far in Q4 2019 the world-bending investment vehicle has executed just one known deal
  • unsurprising given that the Vision Fund has deployed over $70.7 billion in capital thus far, putting it far closer to the end of its capital runway
  • If there’s no Vision Fund, the new reality could — somewhat ironically — lead to more IPOs

4. Lyft is adding Chrysler Pacificas to its AV fleet and opening a new dedicated self-driving test facility

  • has roughly 400 people worldwide dedicated to autonomous vehicle technology development
  • Waymo rides are offered on Lyft’s ride-hailing network, is providing Lyft with plenty of information about how riders experience self-driving ride-hailing
  • currently partnering with Aptiv on providing self-driving services commercially to the public through that company’s Vegas AV deployment

5. Microsoft has entered the RPA market — what does that mean?

  • expect to see a steady increase in RPA investment in from big enterprise vendors, with a mix of internally developed and acquired technologies
  • RPA lets companies record a series of computer-based processes done by a human so that the series can then be repeated automatically without human involvement
  • serves as an endorsement of RPA’s importance and may cause organizations to more closely examine their adoption strategy for this critical new capability