Föhrenbergkreis Finanzwirtschaft

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Posts Tagged ‘Digital Economy’

Restoring Competition in the Digital Economy

Posted by hkarner - 18. Mai 2017

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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 »

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The Challenge of Our Disruptive Era

Posted by hkarner - 24. April 2017

Date: 23-04-2017
Source: The Wall Street Journal

It is arguably the largest economic transformation in recorded history. Can our politics adapt?

I am a historian, and that usually means I’m a killjoy. When people say we’re at a unique moment in history, the historian’s job is to put things in perspective by pointing out that there is more continuity than discontinuity, that we are not special, that we think our moment is unique because we are narcissists and we’re at this moment. But what we are going through now—the past 20 or 30 years, and the next 20 or 30 years—really is historically unique. It is arguably the largest economic disruption in recorded human history. And our politics are not yet up to the challenge.

There have been four kinds of economies: hunter-gatherers, agriculture (settled agrarian farmers in their villages), industry (mass urbanization and immigration), and whatever we’re entering now. Sometimes we call it the information-technology economy, the knowledge economy, the service economy, the digital economy. Sociologists call it the “postindustrial” economy, which is another way of saying “we don’t have anything to call it.”

What it really means is that jobs are no longer permanent. It used to be that you did whatever your parents and grandparents had done. Hunter-gatherers and farmers never even thought about it. There was no such thing as job choice, only becoming 7 and 10 and 12 years old and taking on more responsibilities to earn your keep. Den Rest des Beitrags lesen »

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Defending Digital Globalization

Posted by hkarner - 22. April 2017

ate: 21-04-2017
Source: Foreign Affairs

Let the Data Flow

Over the last 25 years, the Internet has become a conduit for trillions of dollars in commerce, transforming industries, national economies, and the nature of globalization itself. Today, as global trade in goods and services has plateaued and global financial flows have declined dramatically, cross-border data flows are exploding in volume. Data flows in and out of the United States alone are estimated at 80 terabytes per minute—eight times the size of the entire print content of the Library of Congress. Since 2005, they have increased by a factor of 80, from just 5 terabits per second to an estimated 400 per second.

International data flows take many forms. Individuals generate them through e-mails, Skype calls, e-commerce transactions, social media posts, and Internet searches, as well as through the consumption of digital goods from around the world. By 2020, consumers are expected to spend $1 trillion on cross-border e-commerce. But these flows are more than just consumer transactions and social media posts. They are an integral part of the way companies now operate. According to research we conducted at the McKinsey Global Institute (MGI), cross-border data flows already make a larger contribution to global GDP than the goods trade. We term this rapid increase in both the size and the value of cross-border data flows “digital globalization.” Den Rest des Beitrags lesen »

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Will Hyper-Digitization Drive The Next Industrial Revolution?

Posted by hkarner - 23. Januar 2017

By on January 18, 2017  RGE EconoMonitor

The next wave of smart technologies—from the Internet of Things and wearables to robotics, and artificial intelligence—will boost worker productivity, reinvent business, and add trillions of dollars to worldwide GDP growth. Research recently conducted by Roubini ThoughtLab and Cognizant’s Center for the Future of Work estimates that these smarter technologies will turbo-boost the digital revolution and rewrite the next chapter in the story of business – how companies generate revenue, control costs, engage customers, and manage work.

Our study, The Work Ahead, reveals that companies are rapidly moving from the initial phase of digital transformation, spurred by SMAC technologies (social, mobile, analytics, cloud), to a second phase of hyper-digitization. In this next phase, which will carry us into the next decade, businesses will harness these smarter, game-changing technologies to become hyper-digitalized organizations that will enjoy leaps in revenue growth, cost savings, productivity and worker engagement. Den Rest des Beitrags lesen »

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Humans Need Not Apply

Posted by hkarner - 1. August 2016

Humans need not apply

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Growth in a Time of Disruption

Posted by hkarner - 28. Juli 2016

Photo of Michael Spence

Michael Spence

Michael Spence, a Nobel laureate in economics, is Professor of Economics at NYU’s Stern School of Business, Distinguished Visiting Fellow at the Council on Foreign Relations, Senior Fellow at the Hoover Institution at Stanford University, Academic Board Chairman of the Asia Global Institute in Hong Kong, and Chair of the World Economic Forum Global Agenda Council on New Growth Models. He was the chairman of the independent Commission on Growth and Development, an international body that from 2006-2010 analyzed opportunities for global economic growth, and is the author of The Next Convergence – The Future of Economic Growth in a Multispeed World.

JUL 27, 2016, Project Syndicate

FORT LAUDERDALE, FLORIDA – Developing countries are facing major obstacles – many of which they have little to no control over – to achieving sustained high growth. Beyond the headwinds generated by slow advanced-economy growth and abnormal post-crisis monetary and financial conditions, there are the disruptive impacts of digital technology, which are set to erode developing economies’ comparative advantage in labor-intensive manufacturing activities. With the reversal of these trends out of the question, adaptation is the only option.

Robotics has already made significant inroads in electronics assembly, with sewing trades, traditionally many countries’ first entry point to the global trading system, likely to come next. As this trend continues, the imperative to build supply chains based on the location of relatively immobile and cost-effective labor will wane, with production moving closer to the final market. Adidas, for example, is already building a factory in Germany, where robots will produce high-end athletic shoes, and is planning a second one in the United States. Den Rest des Beitrags lesen »

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Geld für alle – wie nah ist das Ende der Arbeit?

Posted by hkarner - 1. Juni 2016

Date: 31-05-2016
Source: Die Welt

Eine alte Utopie erlebt gerade ein weltweites Comeback: das bedingungslose Grundeinkommen. Es soll den Bürgern Freiheit bringen und ihnen alle Existenzängste nehmen. Kann das gelingen?

2.500 Franken monatlich für jeden Schweizer? In einer Woche entscheiden die Bürger über das staatliche Taschengeld. Erwartet wird ein Nein, doch darum geht es dem Initiator Daniel Häni nicht.

Daniel Häni hat, so scheint es, mal wieder allen Zorn der Welt auf sich gezogen. Er sitzt vor seinem Kaffeehaus in der Baseler Altstadt, mit einer großen Schweizer Tageszeitung, die über seinen Plan berichtet. Häni überfliegt den Text. Er liest: „Beschäftigungstherapie für Staatsbürger“, überflüssige Initiative, windige Experimente, das sind noch die netteren Passagen. Als Häni die Zeitung nach einigen Minuten beiseitelegt, grinst er. „Es scheint, sie haben keine sachlichen Argumente.“ Den Rest des Beitrags lesen »

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What Keeps Companies From Thinking Digitally?

Posted by hkarner - 1. Juni 2016

Date: 31-05-2016
Source: The Wall Street Journal

Shih Clara CCClara Shih, CEO and author, says the problem is often a lack of leadership

CLARA SHIH | ‘Digital becomes so strategic that it’s everyone’s job.’

Consumers are spending more and more time online and on social-media sites. Yet many companies have yet to adapt.

That’s the argument made by Clara Shih, chief executive and co-founder of Hearsay Social Inc., a Shih Bookmaker of digital marketing software founded in 2009, and a director of Starbucks Corp. Ms. Shih—who has written a new book on the subject called “The Social Business Imperative”—argues that every company needs to accept the fact that it, too, must become a technology company.

In other words, opening a corporate Instagram account won’t cut it.

Ms. Shih spoke with The Wall Street Journal about her role at Starbucks and what’s holding larger companies back digitally. Following are edited excerpts from that conversation.

Everyone’s job
WSJ: What do you see as your role on the Starbucks board? Is it fair to say you’re a digital ambassador to the company?

MS. SHIH: My job is to be a director. You can initially start with digital ambassadors, but ultimately digital becomes so strategic that it’s everyone’s job. You can’t delegate it to a single director or small group of directors. You can’t delegate it to a social-media team or to the digital team. It really has become everyone’s job, whether you’re a CEO, chief marketing officer, front-line salesperson, customer support. Den Rest des Beitrags lesen »

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Reigniting Emerging-Economy Growth

Posted by hkarner - 31. Mai 2016

Photo of Michael Spence

Michael Spence

 

Michael Spence, a Nobel laureate in economics, is Professor of Economics at NYU’s Stern School of Business, Distinguished Visiting Fellow at the Council on Foreign Relations, Senior Fellow at the Hoover Institution at Stanford University, Academic Board Chairman of the Asia Global Institute in Hong Kong, and Chair of the World Economic Forum Global Agenda Council on New Growth Models. He was the chairman of the independent Commission on Growth and Development, an international body that from 2006-2010 analyzed opportunities for global economic growth, and is the author of The Next Convergence – The Future of Economic Growth in a Multispeed World.

MAY 30, 2016, Project Syndicate

HONG KONG – It is no secret that emerging economies are facing serious challenges, which have undermined their once-explosive growth and weakened their development prospects. Whether they return to the path of convergence with the advanced economies will largely depend on how they approach an increasingly complex economic environment.

Of course, these economies’ development path was never simple or smooth. But for most of the post-World War II period, until as recently as ten years ago, it was relatively clear-cut. Countries needed to open their economies at a sensible pace; leverage global technology and demand; specialize in tradable sectors; pursue a lot of investment (some 30% of GDP); and promote foreign direct investment, with appropriate provisions for knowledge transfer.

Throughout this process, the emerging economies recognized the importance of allowing market mechanisms to work, guaranteeing property rights, and safeguarding macroeconomic and financial stability. Perhaps most important, they knew that they had to focus on generating employment, particularly in urban areas and modernizing sectors, and on inclusiveness more broadly. Den Rest des Beitrags lesen »

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