Global Insights, Innovation, Risk Management
With President Trump and many people around him being treated for COVID, it is clear that COVID can and does touch everyone. Even if you are not infected, you are experiencing a new economy and a new world. COVID changes have been challenging. Many of the changes we are experiencing will stay with us for years, I think. Some are unexpected and will have long-term impacts to our society and economy. Here are some predictions of economic and financial changes that will stay, even after we have achieved victory or control over COVID.
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There is an open debate among economists and business leaders on why digitization leads to a near winner take-all business model. We see the dominance of one search tool in Google and Netflix over other movie providers. In decades past, it was common to have a movie theater in each community and local bakers everywhere. In other business models, especially those driven by personal relationships and locality, we have seen many scores of offerings simultaneously. In fact, achieving scale for the seller was very hard.
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Analytics, Big Data, Big Data and Analytics, Digital Strategy
5 Take Aways from the Amazon Acquisition of Whole Foods
Amazon, Analytics, Becoming Successful with Analytics, Big Data, Big Data to Big Profits, Data Analytics, Data Products, Digital, Digital Disruption, featured, Grocery Store, Jet, Retail, Walmart, Whole Foods
Digital Strategy, Risk Management
Walmart recently announced that it is purchasing Jet.com for some $3.3 billion dollars. For Jet.com, which was founded in January of 2014, it is a remarkable return in a short period of time. The purchase shows that the battleground for E-commerce is being fought on digital convenience and value to customers. E-commerce has two-fronts: the […]
Algorithm, Amazon, Analytics, Big Data, Big Data Analytics, Big Data to Big Profits, Convenience, Data Analytics, Data Monetization, Data Science, Digital, Digital Economy, E-Commerce, eBay, ecommerce, featured, Jet.com, Logistics, Mobile, Online Shopping, Shopping, Supply Chain, Technology, Value, Walmart
Big Data and Analytics, Digital Strategy
IBM’s Big Bet on Big Weather Data: A New Data Strategy The move by IBM to acquire the Weather Channel is a great example of how IBM is transforming Big Data to Big Profits. In the above figure, IBM plans to predict hail storms and help car owners and insurers avoid expensive and often avoidable […]
Algorithm, Analytics, Apple, Big Data, Big Data to Big Profits, Google, IBM, Insurance, Risk, Target, The Weather Channel, Walmart, Watson, Weather
