“Within its $5 trillion tally, McKinsey predicts ecommerce will be the largest economic contributor (between $2.0 trillion and $2.6 trillion), followed by “virtual learning” ($180 billion to $270 billion, advertising ($140 billion to $206 billion), and gaming ($108 billion to $125 billion) McKinsey found nearly six in ten consumers (59%) were actively engaging in metaverse…
Tag: Digital Transformation
Increasing demand for solutions to simplify banking operations is driving the AI in Banking Market
“Due to increasing implementation of AI-driven applications in the banks, including customer relationship management (CRM), data analytics & visualization, and chatbot to enhance customer experience and back-office activities, the software segment is projected to register a significant revenue CAGR of 43.1% during the forecast period. In terms of market share, the deep learning & machine…
Business Leaders: Do You Have a Digital Mindset?
“Leonardi and Neeley believe achieving a digital mindset requires a level of comfort with analytics. They stress data is not a natural substance. They say it is a misnomer to say data are collected. It is more accurate to say that data are produced. Leonardi and Neeley suggest that having digital mindset means you are…
Five Findings From FinovateEurope 2022
“Embedded finance is the buzzword of 2022, but unfortunately it’s still understood too narrowly, focusing on the not-so-innovative expansion of distribution channels. And embedding financial products into customer journeys isn’t easy, a challenge that mmob — another “Best of Show” winner — tries to solve with its partnership platform. But there’s a bigger opportunity around…
Fintech rise forces retail banks to pivot, says report
“Customers are pivoting to competitors that offer more personalised, bespoke experiences, leaving retail banks lagging behind. That’s according to the World Retail Banking Report 2022 (WRBR) published by Capgemini and Efma. The survey showed that 75% of customers are attracted to the cost-effective, seamless services offered by fintechs and traditional banks simply cannot keep up….