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A Historical Shift in the Economy and Society ,[object Object]
Accelerating Advances in Digital Technologies Source: Kurzweil 1999 – Moravec 1998 Digital technologies are to the 21st century as steam power was to the Industrial Revolution 1900 1920 1940 1960 1E-5 1E-3 1E+0 1E+3 1E+6 1E+9 1E+12 $1000 Buys: Computations per second Integrated Circuit Discrete Transistor Vacuum Tube Electro- Mechanical Mechanical 2020 2000 1980 Nanotechnology
Continuing Technology Advances Huge amounts of information Billions of mobile devices; trillions of sensors Massive computational power and storage capacity High bandwidth, wireless networks . . .
The Internet: Industrial  Information & Knowledge Economy
Internet Evolution Networking TCP-IP Information World Wide Web Communications e-mail . . . Business, Government, . . . e-business Services, Apps,  . . . Cloud Computing Internet Collaboration, Blogs, Wikis,  . . . Social Media
 
The decreasing cost of technology is reducing the “digital divide” and democratizing access to government and business e-services of all sorts ~$6,000 1981 1994 2011+ Cost ~$2,000 $25-50 1% Penetration 10% 75% PC Media / device Laptop / internet Phone Non existent e-services potential Medium High The last three decades have witnessed tremendous progress in global digital connectivity and ubiquity Towards Ubiquitous Connectivity
22 Consumption Model:  The Mass Customization of Services Delivery Model:   The Industrialization of Services Cloud Computing: a consumption and delivery model for services, apps, information,  . . .
Cloud Computing 4 Banking  Retail IT  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
6 Clouds enable ubiquitous access to applications from an increasingly diverse set of devices On demand self service Anytime from any device Decoupling data from device Unified communications Delivery of real time data and analysis
Real-time Information access, analysis and optimization   The world's physical, digital & financial infrastructures    are converging   16
15 ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Smart Cities Services Public Safety Government  Services Water Healthcare Transportation Energy and  Utilities
Cell Phones:  The New Local Bank? In developed countries approximately 81% of adults are banked vs. 28% in developing in countries There are ~5 billion cell phone users worldwide but only 1.8 billion bank accounts UK ,[object Object],[object Object],Africa ,[object Object],[object Object],Source: Yankee Group, Financial Access Initiative US ,[object Object],[object Object],Brazil ,[object Object],[object Object],Russia ,[object Object],[object Object],India ,[object Object],[object Object],China ,[object Object],[object Object],Gap Narrowing Gap Widening 2 – 3 billion underserved 1.8 billion bank accounts 4.8 billion mobile phones 6.9 billion people
Three disruptive forces are reshaping the global payments landscape | ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
A Historical Shift in the Economy and Society ,[object Object]

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A Historical shift in the Economy and Society

  • 1.
  • 2. Accelerating Advances in Digital Technologies Source: Kurzweil 1999 – Moravec 1998 Digital technologies are to the 21st century as steam power was to the Industrial Revolution 1900 1920 1940 1960 1E-5 1E-3 1E+0 1E+3 1E+6 1E+9 1E+12 $1000 Buys: Computations per second Integrated Circuit Discrete Transistor Vacuum Tube Electro- Mechanical Mechanical 2020 2000 1980 Nanotechnology
  • 3. Continuing Technology Advances Huge amounts of information Billions of mobile devices; trillions of sensors Massive computational power and storage capacity High bandwidth, wireless networks . . .
  • 4. The Internet: Industrial Information & Knowledge Economy
  • 5. Internet Evolution Networking TCP-IP Information World Wide Web Communications e-mail . . . Business, Government, . . . e-business Services, Apps, . . . Cloud Computing Internet Collaboration, Blogs, Wikis, . . . Social Media
  • 6.  
  • 7. The decreasing cost of technology is reducing the “digital divide” and democratizing access to government and business e-services of all sorts ~$6,000 1981 1994 2011+ Cost ~$2,000 $25-50 1% Penetration 10% 75% PC Media / device Laptop / internet Phone Non existent e-services potential Medium High The last three decades have witnessed tremendous progress in global digital connectivity and ubiquity Towards Ubiquitous Connectivity
  • 8. 22 Consumption Model: The Mass Customization of Services Delivery Model: The Industrialization of Services Cloud Computing: a consumption and delivery model for services, apps, information, . . .
  • 9.
  • 10. 6 Clouds enable ubiquitous access to applications from an increasingly diverse set of devices On demand self service Anytime from any device Decoupling data from device Unified communications Delivery of real time data and analysis
  • 11. Real-time Information access, analysis and optimization The world's physical, digital & financial infrastructures are converging 16
  • 12.
  • 13. Smart Cities Services Public Safety Government Services Water Healthcare Transportation Energy and Utilities
  • 14.
  • 15.
  • 16.

Editor's Notes

  1. From an economic standpoint, we’re seeing innovation as the common thread woven into the fabric of more and more nations, as they tackle the challenges of an ever-changing world. And with good reason. Economies everywhere have concluded that Innovation is the single greatest driver of competitive advantage today. And markets being what they are, innovations that occur in the marketplace generate further innovations. In the process, they give rise to new industries, they spur productivity and economic growth, fuel wealth-creation, create higher-paying jobs, and raise the standard of living for everyone.