Föhrenbergkreis Finanzwirtschaft

Unkonventionelle Lösungen für eine zukunftsfähige Gesellschaft

Posts Tagged ‘Digital Economy’

The Pandora’s Box of the Digital Age

Posted by hkarner - 17. November 2017

Carl Bildt was Sweden’s foreign minister from 2006 to October 2014 and Prime Minister from 1991 to 1994, when he negotiated Sweden’s EU accession. A renowned international diplomat, he served as EU Special Envoy to the Former Yugoslavia, High Representative for Bosnia and Herzegovina, UN Special Envoy to the Balkans, and Co-Chairman of the Dayton Peace Conference. He is Chair of the Global Commission on Internet Governance and a member of the World Economic Forum’s Global Agenda Council on Europe.

In the past year alone, a series of hacks and ransomware attacks by hostile governments and other malign actors have raised alarms about a major threat to global stability. Unfortunately, many governments are responding by developing still more cyber weapons, on the mistaken assumption that offense is the best defense.

STOCKHOLM – Is the world sliding dangerously toward cyber Armageddon? Let us hope not; but let us also apprehend the threat, and focus on what to do about it.

One country after another has begun exploring options for bolstering their offensive capabilities in cyberspace, and many other countries have already done so. This is a dangerous escalation. In fact, few other trends pose a bigger threat to global stability. Den Rest des Beitrags lesen »


Posted in Artikel | Verschlagwortet mit: , , , | Leave a Comment »

ING, a Dutch bank, finds a winning digital strategy

Posted by hkarner - 17. November 2017

Date: 16-11-2017
Source: The Economist

An approach that came unstuck in the crisis has provided the foundation for success

GERMANY’S third-biggest retail bank has no branches. It is also Dutch. And it is highly profitable. ING-DiBa, an online bank owned by ING, the Netherlands’ biggest lender, looks after €133bn ($154bn) of deposits for over 8m customers. In a fragmented market—most Germans entrust their savings to small, local banks—that means a share of around 6%. ING-DiBa’s lack of branches keeps costs down, allowing it to resist charging for current accounts and offer savers a tad more than rivals, despite a recent cut; and it has won a name for good service in a country not renowned for it. While other banks struggle after years of ultra-low interest rates, ING-DiBa thrives. Its return on equity exceeds 20%.

ING as a whole is in fair shape, too. On November 2nd it reported net third-quarter earnings of €1.4bn, slightly more than a year earlier. The group’s return on equity was a healthy 11%, nearly two percentage points up. Since 2014 the number of “primary” customers (with an active current account and another product) has climbed by 25%, to 10.5m. By 2020 ING aims to have 14m. They are especially valuable because they want further services and because frequent transactions yield reams of data. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , , , , , | Leave a Comment »

The Illusion of Freedom in the Digital Age

Posted by hkarner - 5. November 2017

Mark LeonardMark Leonard is Director of the European Council on Foreign Relations.

The biggest danger in the coming years is not that technology will put free and autocratic societies increasingly at odds with one another. It is that the dystopian visions of George Orwell and Aldous Huxley will become manifest in both types of system.

LONDON – Over the last few weeks, media around the world have been saturated with stories about how technology is destroying politics. In autocracies like China, the fear is of ultra-empowered Big Brother states, like that in George Orwell’s 1984. In democracies like the United States, the concern is that tech companies will continue to exacerbate political and social polarization by facilitating the spread of disinformation and creating ideological “filter bubbles,” leading to something resembling Aldous Huxley’s Brave New World.

Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , | Leave a Comment »

Where is technology taking the economy?

Posted by hkarner - 5. Oktober 2017

This is a „must read“ for everybody who wants to understand the impact of technology on the economy and society. Very thoughtful! (hfk)

Date: 05-10-2017
Source: www.mckinsey.com By W. Brian Arthur

W. Brian Arthur is an external professor at the Santa Fe Institute and a visiting researcher at the System Sciences Lab at PARC (a Xerox company).

We are creating an intelligence that is external to humans and housed in the virtual economy. This is bringing us into a new economic era—a distributive one—where different rules apply.

A year ago in Oslo Airport I checked in to an SAS flight. One airline kiosk issued a boarding pass, another punched out a luggage tag, then a computer screen showed me how to attach it and another where I should set the luggage on a conveyor. I encountered no single human being. The incident wasn’t important but it left me feeling oddly that I was out of human care, that something in our world had shifted. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , , , , , , | 2 Comments »

Germany’s Economic Road Ahead

Posted by hkarner - 26. September 2017

Clemens Fuest is President of the Ifo Institute and Professor of Economics at the University of Munich.

The next German government will have a chance to lay the groundwork for the country’s future prosperity. But if policymakers are to make the most of the opportunity, they will have to act neither rashly nor reticently.
MUNICH – The next German government will face economic-policy challenges in five key areas: digitalization and automation, demographic change, globalization, climate change, and European integration. 

With respect to digitalization, Germany tends to fluctuate between excessive enthusiasm for expanding fiber-optic networks and fear of the impact of new, largely unregulated business models, such as those underpinning avatars of the “sharing economy” like Uber and Airbnb.

But German policymakers must not respond to such sentiments with kneejerk reactions. Rolling out a nationwide fiber-optic network, rather than simply servicing the locales that are most in need, would be both expensive and inefficient. And politicians should focus their regulatory efforts on ensuring that sensible digital business models and private investment are not obstructed. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , , , , | Leave a Comment »

Why Tesla Is Worth More Than GM

Posted by hkarner - 23. Juli 2017

Great article! (hfk)

Date: 22-07-2017
Source: Technology Review

James Surowiecki is the author of The Wisdom of Crowds and a senior story producer at Vice News Tonight

A few companies that master digital technologies are capturing huge chunks of the economy. Does this explain the persistence of slow growth?

The digital economy has transformed the way we communicate with each other; the way we consume information, products, and services; the way we entertain ourselves. It’s revolutionized seemingly non-digital industries—think of how different financial services, for instance, are today from what they were two decades ago—and investors expect it to soon transform others, which is why Tesla Motors is worth more than General Motors despite making a tiny fraction as many cars as GM makes and earning a tiny fraction of the revenue.

This phenomenon explains why the so-called Big Five of the digital economy—Apple, Alphabet, Microsoft, Amazon, and Facebook—have, at various points over the last year, been the five most valuable companies in the world.

So you might say that the digital economy has lived up to the expectations people had for it 20 years ago, in the early days of the Web. In other important ways, however, its consequences have been smaller than you might think. U.S. GDP growth has, by historical standards, been disappointingly slow since the arrival of the Internet. Productivity growth, which many assumed would be invigorated by the impact of digital technologies, has been dismal for much of this century. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , , , , | Leave a Comment »


Posted by hkarner - 29. Juni 2017

FURCHE-Kolumne 218 Wilfried Stadler 

Während des Versuchs, Eintrittskarten für ein Museum auf elektronischem Weg vorzubestellen, leuchtete mir jüngst am Bildschirm meines Notebooks die überraschende Aufforderung entgegen, durch Ankreuzen des Satzes „I´m not a robot“ mein Menschsein zu bestätigen. Nur kurz war ich verunsichert – dann klickte ich entschlossen meine Zustimmung. Erst nachdem mir das System diese digitale Selbst-Behauptung abgenommen hatte, ließ sich der Zahlungsvorgang abschließen. Ich war erleichtert. Was wäre wohl geschehen, hätte man – oder vielmehr: es – mir nicht geglaubt?
Gedankenspiele rund um eine künstliche Intelligenz, die uns eines Tages überlegen und damit zugleich übermächtig werden könnte, nehmen in geradezu beängstigender Dichte an Ernsthaftigkeit zu. Der „Homo Deus“, über dessen künftige Selbst-Überhöhung Yuval Noah Harari einen spannenden futuristischen Bestseller geschrieben hat, scheint in unaufhaltbarem Über-Mut seine intellektuelle Selbst-Enteignung vorzubereiten. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , | Leave a Comment »

The Global Economy in 2067

Posted by hkarner - 22. Juni 2017

Posted in Artikel | Verschlagwortet mit: , , , , , , | Leave a Comment »

Restoring Competition in the Digital Economy

Posted by hkarner - 18. Mai 2017

Posted in Artikel | Verschlagwortet mit: , , , , | Leave a Comment »

voestalpine-Chef will Arbeiter durch „white-collar workers“ ersetzen

Posted by hkarner - 4. Mai 2017

Der Transformationsprozess hin zur vollständigen Digitalisierung werde „mit Sicherheit 15 Jahre dauern – ohne Mitarbeiterabbau“, glaubt Konzernchef Wolfgang Eder.

Die Digitalisierung schreitet zügig voran – Menschen werden zusehends durch Computer ersetzt. Bei der voestalpine fallen dabei aber laut Konzernchef Wolfgang Eder keine Jobs weg: „Es werden keine dramatischen Arbeitsplatzeffekte damit verbunden sein“, sagte er vor Journalisten in Wien. Betroffene Konzernmitarbeiter würden umgeschult, kämen anderswo im Unternehmen unter oder gingen in Pension.

Als Beispiel dafür führte Eder das nunmehr vollautomatisierte Drahtwalzwerk im steirischen Leoben/Donawitz an. Die alte Anlage werde „in den nächsten Monaten“ abgestellt. Bisher arbeiteten dort 15 bis 20 Arbeitnehmer pro Schicht. „Heute wird das mit zwei Leuten im Kontrollraum und 15.000 Sensoren gefahren“, berichtete der voestalpine-Chef. Die Modernisierung startete im Sommer 2016. „Die Leute kommen alle am Standort unter – wir haben auch zwei Jahre lang umgeschult“, so Eder. Etwa 150 Mitarbeiter würden umgestellt, einige gingen in den Ruhestand. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , , | Leave a Comment »