“The team used a new probability-based algorithm, machine learning, natural language processing, and patent network analytics to predict the performance improvement rates of different technologies. The improvement rates varied from 2% per year…to 216% per annum for ‘Dynamic information exchange and support systems integrating multiple channels.’ On average, technology improvements were forecast at a rate…
Tag: innovation
One-third of retail banks planning to build digital brands
“A survey of 405 global bank executives conducted by the Economist Intelligence Unit on behalf of Temenos, highlights how new technologies such as AI, open APIs and cloud are compelling banks to rethink their business strategies in preparation for a new age of digital banking. Late last month, a report from Citi warned of a…
Can there be too much competition between startups?
“So it was surprising to read an entire chapter about this dilemma comparing China and the U.S. in Kai-Fu Lee’s book AI Superpowers While the book is about AI, Lee is trying to undo American conceptions of Chinese innovation early on in the text. Yes, the country was once a copycat haven, but that has…