Föhrenbergkreis Finanzwirtschaft

Unkonventionelle Lösungen für eine zukunftsfähige Gesellschaft

Posts Tagged ‘Technology’

Fintech, Fiber-optics, and Financial Inclusion

Posted by hkarner - 23. August 2019

Peoples’ connection to new technology is built on the backbone of electrical and fiber-optic cables running beneath our feet—and under oceans.

In 2010, most economies that were not connected to the modern, cabled internet could be found in the Pacific. However, this is no longer the case, and by 2020 the region will be almost completely connected.

Governments could harness technology to improve tax collection, government transfers, trade financing, and land registries.

Our chart of the week shows the technological transformation taking place in the Pacific island countries, where the completion of submarine fiber-optic cables will facilitate technology-enabled financial inclusion. Den Rest des Beitrags lesen »

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

Despite What You Might Think, Major Technological Changes Are Coming More Slowly Than They Once Did

Posted by hkarner - 15. August 2019

Date: 14-08-2019
Source: Scientific American By Wade Roush

Major technological shifts are fewer and farther between than they once were

On June 22, 1927, Charles Lindbergh flew into Dayton, Ohio, for dinner at Orville Wright’s house. It had been just a month since the young aviator’s first ever solo nonstop crossing of the Atlantic, and he felt he ought to pay his respects to the celebrated pioneer of flight.

Forty-two years later, on July 16, 1969, Apollo 11 astronaut Neil Armstrong was allowed to bring a personal guest to the Kennedy Space Center to witness the launch of NASA’s towering Saturn V rocket. Armstrong invited his hero, Charles Lindbergh.

That’s how fast technology advanced in the 20th century. One man, Lindbergh, could be the living link between the pilot of the first powered flight and the commander of the first mission to another world.

In our century, for better or worse, progress isn’t what it used to be. Northwestern University economist Robert Gordon argues that by 1970, all the key technologies of modern life were in place: sanitation, electricity, mechanized agriculture, highways, air travel, telecommunications, and the like. After that, innovation and economic growth simply couldn’t keep going at the breakneck pace set over the preceding 100 years—a period Gordon calls “the special century.” Den Rest des Beitrags lesen »

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

Making Technology Work for Workers

Posted by hkarner - 7. August 2019

Shamina Singh is President of the Center for Inclusive Growth, Mastercard’s philanthropic hub, and Executive Vice President of Sustainability at Mastercard.

For workers, coping with the rapid technology-driven transformation of labor markets, without sacrificing dignity, autonomy, or ambition, will require a combination of economic mobility and financial security that can be delivered through a new kind of social safety net – one that puts benefits squarely in the hands of the individual.

NEW YORK – As technological innovation transforms our economies, workers all over the world are doing whatever it takes – whether crossing borders, changing jobs, or starting businesses – for a chance to thrive. Yet, social safety nets have been much slower to change, meaning that workers in transition are often highly vulnerable. What will it take to safeguard workers in the labor market of the future?

In the not-too-distant past, most workers were employed in the same industry – often at the same company – for most of their careers. But today, nearly 40% of employed people in the European Union are in atypical employment (not working under a full-time, open-ended contract) or self-employed. The average working-age American today will hold 11 jobs over their lifetime, with many working multiple jobs at once.Globally, the McKinsey Global Institute estimates that by 2030, up to 375 million workers (14% of the workforce) will need to switch occupational categories in order to meet the needs of a shifting labor market.

Den Rest des Beitrags lesen »

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

China’s Silicon Valley is transforming China, but not yet the world

Posted by hkarner - 15. Juli 2019

Date: 13-07-2019
Source: The Economist

A huge portion of China’s brain power is concentrated in Zhongguancun

As a teenager, Wang Hanyang was fascinated by the electronics markets of Zhongguancun. He wandered the aisles of hard drives and graphics cards like a kid in a zoo, asking questions and learning. By 2009, government attempts to foster a tech hub in Mr Wang’s patch of Beijing had yielded little else to inspire a 14-year-old’s imagination. There were a few successful Chinese tech firms mimicking their American counterparts in search and social media, along with other startups. But in general Zhongguancun, a byword for cheap knock-offs, was still a disappointment.

No longer. Today Mr Wang, 25, is at the helm of his second startup, Generalized Aviation, which creates software for drones. Trendy coffee chains and boutique supermarkets dot the streets. Zhongguancun has spread out from the electronics markets into a sweeping quadrant of northwestern Beijing that takes in its two leading universities, Peking and Tsinghua. Zhongguancun is now a concept as much as a place, China’s “Silicon Valley”. Den Rest des Beitrags lesen »

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

AI Powers ‘Self-Healing’ Technology

Posted by hkarner - 3. Juli 2019

Date: 02-07-2019
Source: The Wall Street Journal

Organizations use artificial intelligence to automate operations as IT grows more complex

‘We wanted to look at issues that we could automate and get the human element out,’ said Adobe Chief Information Officer Cynthia Stoddard.

Companies are tapping artificial intelligence to automate the care of their operations and information-technology infrastructure, finding that AI can identify and fix problems more quickly than humans.

Called “self-healing” or “self-driving” IT, the innovation has been made possible by advanced algorithms, more data about networks and IT infrastructure, and increased computing power. Den Rest des Beitrags lesen »

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

Unwinding the Personal Productivity Paradox

Posted by hkarner - 10. Juni 2019

Date: 09-06-2019
Source: The Wall Street Journal By Irving Wladawsky-Berger

So much tech, so little time

The past 10 to 15 years have seen a number of technology advances, from smartphones to machine learning. Yet, despite these impressive advances, economies around the world have been stuck in an era of slow productivity growth. Opinions abound, but in the end, there’s no consensus on the causes of this apparent productivity paradox, on how long the slowdown will likely last, or on what to do about it.

Companies and industries are not the only ones trying to adjust to our fast changing digital economy. Individuals are also experiencing their own version of the productivity paradox.

In principle, the advent of smartphones, apps, and other major technologies should save us time and make our lives easier. But, as we well know, that’s not quite been the case. Article after article reminds us that thanks to the internet and smartphones, everybody is available all the time; that work can feel like a never-ending cycle of overflowing inboxes and urgent demands; that no matter how hard we work, we’re overloaded and overwhelmed because there’s far more to do every day than there is time to do it. Den Rest des Beitrags lesen »

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

The technology industry is rife with bottlenecks

Posted by hkarner - 9. Juni 2019

Date: 07-06-2019
Source: The Economist

The US-China tech cold war is making companies more aware of them than ever

Japan had long since lost its lead in electronics. Or so many thought. When an earthquake and tsunami hit the country in 2011, its continued centrality to the industry quickly became apparent. Copper foils for printed circuit boards, silicon wafers to make chips, resin to package them—for many components Japan was the home of the biggest, sometimes only, supplier. As production ground to a halt, customers scrambled to find alternatives. Many had to limit their output, like carmakers reliant on Renesas Electronics, a leading maker of engine-controlling chips whose wafer-fabrication plant sustained heavy damage.

Natural disasters—whether cataclysmic like the Japanese earthquake or merely destructive like floods or wildfires—regularly test the electronics supply chain. Now a geopolitical shock from President Donald Trump’s efforts to isolate China has thrown the industry’s structure into sharp relief—and exposed its choke points (see table).
Den Rest des Beitrags lesen »

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

Wall Street Isn’t Buying What Silicon Valley Is Selling

Posted by hkarner - 27. Mai 2019

Date: 26-05-2019
Source: The Wall Street Journal

Some of the best-funded startups disappoint when they go public; ‘a tough pill to swallow’

Silicon Valley is pumping out giant startups with expansive visions, but Wall Street isn’t sold.

It isn’t just Uber Technologies Inc. whose public performance has looked grim compared with its private fundraising. Den Rest des Beitrags lesen »

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

Big tech and the trade war

Posted by hkarner - 25. Mai 2019

Date: 23-05-2019
Source: The Economist

As the fight spreads, it is becoming a danger to investors, consumers and American interests

When trade talks between America and China fell apart on May 10th, the effect on financial markets was muted. Most firms and investors are betting on a long struggle between the superpowers but not a sudden crisis or a financial panic. As the conflict over the tech industry escalates, however, that assumption looks suspect. On May 15th America’s Commerce Department said that companies would need a special licence to deal with Huawei, China’s hardware giant, which it deemed a threat to American interests (it later said the order would not take full effect for 90 days). Fears that other Chinese tech firms will be blacklisted have caused their shares to tumble. A chain reaction is under way as a giant industry braces for a violent shock.

The hawks in the White House may believe that isolating the tech industry will slow China’s long-term development and that isolation is a good negotiating tactic, since China has more to lose in the short term than America does. In fact the brutal fallout from a full-blown tech war would rapidly be felt by financial markets as well as by America’s allies and the world’s consumers. In the long run it may even make China self-sufficient. Den Rest des Beitrags lesen »

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

America still leads in technology, but China is catching up fast

Posted by hkarner - 19. Mai 2019

Date: 18-05-2019
Source: The Economist

Commercial competition is turning into a zero-sum contest

A rare thing happened in an industrial park near Washington, dc, last November. Construction began on a $3bn extension to a semiconductor foundry owned by Micron Technologies, a maker of advanced memory chips, based in Idaho. “A few years ago, opening that sort of extension would have people saying, well, that is going to be moving to China soon, isn’t it?”, observes James Mulvenon, an expert on Chinese cyber-policy and espionage.

Not now. Instead, that Micron foundry is a glimpse of the future. Trust in China has collapsed among American government and business bosses, and a consensus has grown that Chinese firms have closed the technological gap with Western rivals with indecent speed and by illicit means.

Today’s tensions make the original cold war look simple. In 2018 China accounted for 57% of Micron’s net sales. In the 1960s and 1970s American tech companies did not rely on Soviet customers. But Micron is a symbol, several times over, of how commercial competition is turning into a zero-sum contest, in which one side wins at the other’s expense. In 2015 Micron rebuffed a $23bn takeover bid from a Chinese state-backed investment fund, saying that it thought such a deal would be blocked on national-security grounds by the Committee on Foreign Investment in the United States (cfius). In 2018 the Department of Justice indicted a state-owned Chinese firm, its Taiwanese partner and three individuals on charges of stealing trade secrets relating to Micron’s memory chips—technology worth tens of billions of dollars. That followed lawsuits and countersuits in which the accused Chinese firm asserted that it owned the relevant patents in China and was therefore Micron’s victim. A Chinese court sided with it, then Micron was hit with an antitrust probe. Den Rest des Beitrags lesen »

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