November 22 – 5 Key Stories From The Digital World

By November 21, 2019 Insight

1. The top 1% of app store publishers drive 80% of new downloads

  • top 1% of publishers globally accounted for a whopping 80% of the total 29.6 billion app downloads in the third quarter of 2019
  • bottom 99%, which equates to roughly 784,080 publishers, averaged approximately 7,650 downloads each during the quarter
  • Just 1,526 publishers generated $20.5 billion out of the total $22 billion in revenue in the quarter

2. Snapchat’s Time Machine lens uses AI to age and de-age selfies

  • adding a new lens called Time Machine that’s capable of aging and de-aging your face as seen through your smartphone
  • latest in a string of several AI-powered lenses that use small but well-trained machine learning models to create realistic facial effects on mobile devices
  • Back in May, the company’s baby face and gender swap filters made a splash, with the former enabling real-time shifts of adult faces into children

3.  Faster, Better Life Underwriting Underscores The Need For Smarter Tech

  • Customer expectations are shaped by the immediacy, convenience, and simplicity that come when we bank, shop, and even file our taxes digitally
  • For insurers, all the data, medical exams, and manual processes of underwriting end up being a big cost
  • Bring greater intelligence to underwriting with AI capabilities…Rules are the brains of automated underwriting

4. Pharma Supply Chain Funding Reaches Record-Breaking $1B+

  • Global healthcare deals are set to hit record levels in 2019, and the pharmaceutical supply chain has been a bright spot for funding
  • funding companies looking to improve everything from drug price negotiation to drug payment to drug delivery, and more
  • Walgreens and Wing, Alphabet’s drone delivery service, announced a partnership that uses drones to bring OTC products and other supplies to patients

5. Banking on the Future: Why our most hated institutions will become our most beloved

  • Big financial institutions already spend billions of dollars a year simply to maintain existing systems and comply with regulations, leaving little room for new product development
  • Just as Amazon Web Services dramatically lowered the cost and complexity of launching a software business, unleashing thousands of new companies, the “AWS for fintech” stage has arrived in banking
  • The first wave of fintech companies 10 years ago proved that physical locations aren’t a requirement for banking