Föhrenbergkreis Finanzwirtschaft

Unkonventionelle Lösungen für eine zukunftsfähige Gesellschaft

Posts Tagged ‘Digital Economy’

Rethinking the Twenty-First-Century Economy

Posted by hkarner - 17. April 2018

Margareta Drzeniek-Hanouz

Margareta Drzeniek-Hanouz is Head of the Economics Unit at the World Economic Forum.

With the rise of digital technologies and big data, the global economy is undergoing a fundamental transformation that poses significant challenges to governments and policymakers. Unless tools are developed to measure new sources of value in the real economy, current and future generations‘ wellbeing will be in jeopardy.

GENEVA – Before the threat of a US-China trade war arose, surging stock markets and corporate profits had obscured the fact that the global economic system is under existential stress. Global financial stability remains considerably in doubt. Indeed, as world financial leaders gather for the annual IMF/World Bank spring conference in Washington, DC, the rapid pace of technological change and rising inequality are fueling ever louder calls for root-and-branch revision of the entire system.

For governments to cope with these mounting pressures, they will need to rethink the key policy tools on which they have relied for well over a century, starting first and foremost with taxation.

Death and taxes may have been the only certainties in the world of Benjamin Franklin two centuries or so ago; today, only death remains undeniable. With the rise of the digital economy, more and more economic value is derived from intangibles such as the data collected from digital platforms, social media, or the sharing economy. And because company headquarters can now be moved between countries with ease, governments are finding it ever harder to raise taxes. At the same time, public spending will likely have to increase to meet the demands of those left behind in the era of globalization and digital technologies.1 Den Rest des Beitrags lesen »

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Engineering a More Responsible Digital Future

Posted by hkarner - 16. März 2018

Dirk Helbing

Dirk Helbing is a professor of computational social science at ETH Zurich, and the scientific coordinator for FuturICT.

Economic revolutions often bring profound social change, affecting everything from jobs to family size. With the digital revolution now in full swing, humanity must recommit to building more ethical machines, or face a future in which our technologies undermine basic values like human rights and civil liberties.

ZURICH – The world is being battered by technological disruption, as innovations such as big data analytics, artificial intelligence (AI), robotics, the Internet of Things, blockchain, 3D printing, and virtual reality change how societies and economies work. Individually, each of these technologies has the potential to transform established products, services, and associated support networks. Taken together, they will upend old business models and institutions, heralding a new era of economic, social, and political history. How will we respond? Den Rest des Beitrags lesen »

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Digital revolutions in public finance

Posted by hkarner - 7. März 2018

Sanjeev Gupta, Michael Keen, Alpa Shah, Geneviève Verdier 07 March 2018, voxeu

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The Business Case for a Data Refinery

Posted by hkarner - 7. März 2018

Date: 06-03-2018
Source: Scientific American

Crude data is similar to crude oil—in its raw form, it’s usually too messy to be useful

The Business Case for a Data Refinery

The Economist has proclaimed that data is „the oil of the digital era.” Data will be for the 21st century what oil was for the 20th century—an enabler of new technologies, new products and new businesses. Data will be a focal point around which the economy, society and politics will organize. It is the clean new resource of the future, with undiscovered potential.

But, turning oil into something valuable has always been a complex process. Oil is crude when it comes out of the ground and needs to be cracked at a refinery to turn it into something useful.

Data is similar. In its raw form, it’s usually too big, too messy, and lacks structure. To solve this problem, imagine the concept of a “data refinery”— a software platform that pulls in huge datasets, finds patterns in that data and makes predictions. The data refinery is the missing link between gathering data and extracting value from it. Den Rest des Beitrags lesen »

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The AI Debate We Need

Posted by hkarner - 25. Februar 2018

Date: 16-02-2018
Source: Project Syndicate by Sami Mahroum

Sami MahroumSami Mahroum is Director of the Innovation & Policy Initiative at INSEAD and a member of the WEF Regional Strategy Group for the Middle East and North Africa. He is the author of Black Swan Start-ups: Understanding the Rise of Successful Technology Business in Unlikely Places.

Rapid advances in artificial intelligence and related technologies have contributed to fears of widespread job losses and social disruptions in the coming years, giving a sense of urgency to debates about the future of work. But such discussions, though surely worth having, only scratch the surface of what an AI society might look like.

BARCELONA – One can hardly go a day without hearing about a new study describing the far-reaching implications of advances in artificial intelligence. According to countless consultancies, think tanks, and Silicon Valley celebrities, AI applications are poised to change our lives in ways we can scarcely imagine.

The biggest change concerns employment. There is widespread speculation about how many jobs will soon fall victim to automation, but most forecasters agree that it will be in the millions. And it is not just blue-collar jobs that are at stake. So, too, are high-skilled white-collar professions, including law, accounting, and medicine. Entire industries could be disrupted or decimated, and traditional institutions such as universities might have to downsize or close. Den Rest des Beitrags lesen »

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Why Didital Strategies Fail

Posted by hkarner - 28. Januar 2018

Why-digital-strategies-fail

 

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Securing the Digital Transition

Posted by hkarner - 23. Januar 2018

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.

Within a few decades, the Internet has transformed the global economy and rendered the old Westphalian order increasingly obsolete. But without a new governance framework to manage cyber threats and abuses, what has been a boon to globalization could become its undoing.
NEW DELHI – Every year, the World Economic Forum publishes a Global Risks Report, which distills the views of experts and policymakers from around the world. This year, cybersecurity is high on the list of global concerns, as well it should be. In 2017, the world witnessed a continued escalation in cyber attacks and security breaches that affected all parts of society. There is no reason to believe 2018 will be different.The implications are far-reaching. Most immediately, we must grapple with governance of the Internet as well as on the Internet. Otherwise, the opportunities afforded by digital technologies could be squandered in a regulatory and legal arms race, complete with new borders and new global tensions. Den Rest des Beitrags lesen »

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Historiker Philipp Blom: „Die Erde braucht uns nicht“

Posted by hkarner - 28. Dezember 2017

Interview Bettina Pfluger28. Dezember 2017, 08:30 derstandard.at

Digitalisierung und Klimawandel läuten das Ende der Demokratie ein, sagt Blom

Wir leben in einer Gesellschaft, in der die Zukunft keine Verheißung mehr ist, sondern als Bedrohung wahrgenommen wird. Die Verteidigung von Privilegien gilt als Geißel unserer Zeit. So schreibt es Philipp Blom in seinem aktuellen Buch „Was auf dem Spiel steht“. Darin entwirft der Historiker ein düsteres Bild von unserer Zukunft. So düster, dass er manchmal selbst damit hadert, ob er das Geschriebene wirklich glauben will. Im Buch wirft eine Forscherin aus der Zukunft einen Blick auf das Heute. Was wird sie sich fragen, fragt Blom. Wohl warum wir gegen die aktuellen Bedrohungen – Digitalisierung, Klimawandel, Hyperkonsum – nicht reagiert und gegengesteuert haben. Denn sie haben laut Blom die Macht, das Ende der Demokratie einzuläuten.

STANDARD: Sie sagen, das Versprechen, dass die Kinder es später besser haben werden als die Erwachsenen heute, gilt nicht mehr. Warum?

Blom: Weil die wenigsten glauben, dass ihre Kinder es besser haben werden. Ein Teil der Bevölkerung hat begriffen, dass unser Wohlstand nicht zu übertreffen ist. Der andere Teil sieht, dass sie keine fairen Aufstiegschancen haben. Es wird nicht gelingen, Wohlstand laufend zu steigern.

STANDARD: Liegt es also auch daran, dass eine Generation nun von Geburt an materiell abgesichert war?

Blom: Es ist unsere historische Erfahrung, dass Krieg das Wirtschaftswachstum angefacht hat. Es ist weder wirtschaftlich möglich noch politisch ratsam noch psychologisch durchzuhalten, dieses Wachstum durch Konsum und damit Identität durch Konsum weiter anzuheizen. Durch den Rohstoffabbau zerstören wir Lebensgrundlagen. Wenn wir hier nicht reagieren, kann das nur in eine problematische Richtung gehen. Den Rest des Beitrags lesen »

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What Will Work Look Like in 2030? PLEASE VOTE !!!

Posted by hkarner - 22. Dezember 2017

Thanks to W.H.

Imagining four radically different scenarios for how companies will manage people and how people will manage their work and careers.

We at PwC have spent some time envisioning four alternative future worlds of work, each named with a color. These admittedly extreme examples of how work could look in 2030 are shaped by the ways people and organizations respond to the forces of collectivism and individualism, on one axis, and integration and fragmentation on the other. Den Rest des Beitrags lesen »

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The new engine of change: CEOs

Posted by hkarner - 17. Dezember 2017

McKinsey Quarterly, Dec. 2017

Perhaps the most unique aspect of this technology trend is that digital transformation is being driven from the top, personally mandated by the CEO. This is something new.

In the past 70 years of computing, the world advanced from the vacuum tube to the transistor to the semiconductor, from mainframe computing to minicomputing to personal computing to the Internet. Software evolved from bespoke custom programming to on-premises, packaged enterprise application software and then to software as a service (SaaS)—cloud-resident solutions. Among the fruits: increased productivity and profitability, a lower cost of operation, and economic growth.

I witnessed many of these tech-adoption cycles over the past 30 years. With the promise of performance improvements and productivity increases, such innovations were introduced to industry through the IT organization. Over months or years, and after multiple trials and evaluations, each gained the attention of the chief information officer, who was responsible for technology adoption. The CEO was periodically briefed on the cost and result. Den Rest des Beitrags lesen »

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