Results tagged “WEF17”

Data-driven Energy Ecosystems for a Sustainable Future

Data-driven Energy Ecosystems for a Sustainable Future

It is that time of the year when policy makers, business leaders and academicians meet to discuss global challenges at the World Economic Forum (WEF) Annual Meeting. Shaping the future of energy is one of the focus areas of the forum. In the context of energy, big data and digital technologies will drive new efficiencies and open up possibilities, thereby playing a pivotal role in its future. Leveraging data in newer and more advanced ways will be a fundamental driver in creating an energy ecosystem for a sustainable future. This ecosystem could be predicated on what The WEF Global Energy Architecture Performance Index Report 2016 calls the "Energy Triangle", which benchmarks energy systems against three primary goals: Economic Growth and Development, Environmental Sustainability, and Energy Access and Security. The question is, how can data-driven energy ecosystems help achieve these goals?

Economic growth and development

The Future of Consumption ─ A Closer Look

Sense, Analyse, Engage: How to Successfully Monetize Your Fan Ecosystem (Part 1)

I have a friend who still has a Betamax player from the 1980s. During that decade he enjoyed picking up videos from the rental store to watch movies at home. After a while the rental store only carried tapes in the VHS format. About two decades later, the store, and many like it, closed. At that point, people were overwhelmingly choosing to order movies to watch on their DVD players.

Today, of course, that consumption mode has been largely replaced by movie streaming services. If you look at that vintage Betamax player, you will realize just how rapidly a seemingly healthy market can be disrupted. Technology has been impacting consumption - time and again.

Five Ways in Which AI Is Changing Banking As We Know It

Sense, Analyse, Engage: How to Successfully Monetize Your Fan Ecosystem (Part 1)

There was a time when every neighborhood bank in North America and Europe was acquired by or merged with a larger institution. By 2000, global mega-banks offered fewer choices to consumers looking for competitive interest rates and other services. But the too big to fail banks are now facing competition because of a resurgence of customer-friendly, local banks. There is an even bigger challenge: Technology companies have been applying for financial licenses that would allow them to enter the digital payments space.

As traditional banks grapple with the challenges posed by FinTechs, legacy constraints and traditional operational models, artificial intelligence (AI) is emerging as the savior. In a recent survey that Infosys commissioned on AI adoption across industries, 23% of the nearly 250 respondents, in the financial services sector, confirmed that AI technologies have been fully deployed in their organizations, and these are also delivering up to expectations; 47% of the respondents view AI as being fundamental to the success of the organization's strategy.

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