Voice-based service models are now quite popular and increasing more so. Thus, companies are trying to find ways where their business models could be more ‘voicified’ and secondly to gauge what impact this will have on future streams of work. As humans are increasingly connected in a multimodal experience, this voicifying is critical to future business expansion. There are four major impacts if this set to reshape the business plans. First of all, voice-based models such as Google Assistant, Cortana and Alexa now a separate digital identity with unique voice recognition skills and contextual awareness. Voice also allows a hands-free control. It is now a service aggregator such as Samsung’s Smart Things which includes a suite of services within. Most importantly now voice allows the gauging of business intelligence through tracking of enormous quantities of data, then process using analytics capabilities.

Source:https://medium.com/digital-mckinsey/how-to-voicify-your-business-c393b54759db

Uploaded Date:05 June 2018

The demand for electricity has remained stable, especially in the developed world. Demand for renewable energy on the other hand has gone up. On certain days with abundant sunshine, the electricity generation of solar energy goes above the possible utilization. That is why electric vehicles must be encouraged to utilize more of this available charge. At the policy level, a business innovation must be put in place where owners of electric cars must be incentivized to recharge theirs during the peak daylight hours rather than after work. This would especially be success in places such as California where sunlight is abundantly available.

Source:http://www.bain.com/publications/articles/can-electric-vehicles-help-balance-electricity-loads-snap-chart.aspx

Uploaded Date:05 June 2018

The head of Deloitte’s management consulting wing in the USA, authoritatively claims that most of the present existing jobs will go for a major redesign over the next few years. Robots will impact the work of routine workers as well as those more high-end such as doctors or top journalists. However, the same head also warns against panicking, but instead prepare for the upcoming transition. For this, an understanding of the technologies is a must. In order to stay relevant at work, humans must learn to work alongside robots, automation tools and AI. There is a bright side to it, as automation will allow businesses to lower the cost of production and thus enable higher savings. A clear example of this is the onslaught of ATMs which enabled banks to open more branches and thus increase recruitment. Structural changes must emanate from the top leadership. Roles may get diversified and new talent-fits devised to keep pace with the changes. The entire corporate structure must get redesigned accordingly. The imperative lies with individuals too as they need to prepare for the oncoming transition, by constantly learning and developing.

Source:https://www.wired.com/wiredinsider/2018/05/yes-the-robots-are-coming-jobs-in-the-era-of-humans-and-machines/

Uploaded Date:01 June 2018

While on paper, China and the US are locking horns for global digital supremacy, on the field, the former at this point seems to be having an advantage. USA under the present administration’s “America First” policy seems to be turning inwards, while China’s global investment expansion in the digital scape keeps rising. A prominent example of this change is the South-East Asia (SEA) region. FDI originating from China increased by a staggering fifty-two percent in 2016 from the previous year while USA’s reduced by half. As per numbers provided by marketing research agency Forrester, mobile payments’ value in China is eleven times that of the USA, and mobile retail sales thrice that of the US and the EU giants combined. The market capitalization of Chinese tech giants Baidu, Tencent, Alibaba, Didi and JD is up there with their counterparts from across the Pacific. Not only are they taking advantage of the massive scale of their local markets, but also expanding elsewhere. Some of these names mentioned contributed US$ 6 billion in M&A activity alone. China has also investedaggressivelyin road infrastructure in Asia, with investments totaling a trillion dollars across sixty-odd countries.

Source:https://go.forrester.com/blogs/walled-garden-no-more-digital-china-goes-global/

Uploaded Date: 30 May 2018